EmpiricalFX

Adaptive Zero Lag EMA v2

This is my most successful strategy to date! Please enjoy and join the Open Source movement by sharing your code and ideas online!

OPERATING PRINCIPLE
The strategy is based on Ehlers idea that any indicator can be turned into a signal-producing trade system through smoothing and other filtering processes.
In fact, I'm using his Zero Lag EMA ( ZLEMA ) as a baseline indicator as well as some code snippets he has made public (1). God bless open source!
Next, I've provided the option to use an Instantaneous Frequency Measurement (IFM) method, which will adaptively choose the best period for the ZLEMA (2)
I've written other studies that use the differential calculus approximations for IFM, so it was only natural to include them in this strategy.
The primary two are Cosine IFM (3) and In-phase Quadrature IFM (4). You can also find an indicator with both plotted and the ability to average them together, as one IFM prefers long periods and the other short. (5)

BEFORE WE BEGIN
1. This strategy only runs on "normal" FX pairs ( EURUSD , GBPJPY , AUDUSD ...) and will fail on Metals or Commodities .
Cryptos are largely untested.
2. Please run it on these time frames: M15 to D.
Anything outside this range will likely fail.

HOW TO USE AND SUCCEED
1. If the Default settings don't produce good results right off the bat, then lower gain limit to 1 or 2 and threshold to 0.01.
2. Test each setting under adaptive method. If you want to leave it Off, then I'd recommend using some kind of IFM (see my links below) to
discover the most efficient period to use.
3. Once you have the best adaptive method chosen, begin incrementing gain limit until you find a nice balance between profit factor ( PF ) and drawdown.
4. Now, begin incrementing threshold. The goal is to have PF above 2 and a drawdown as low as possible.
5. Finally, change the source! Typically, close is the best option, but I have run into cases where high
yielded the highest returns and win rate.
6. Sit back, relax, and tweak the risk until you're happy with the return and drawdown amounts.

ADVANCED
You may need to adjust take profit (TP) points and stop loss (SL) points to create the best entry possible. Don't be greedy! You'll likely have poor
results if the TP is set to 300 and SL is 50.
If you are trading a pair that has a long Dominant Cycle Period, then you may increase Max Period to allow the IFM
to accept longer periods. Any period above the Max Period will be rejected. This may increase lag time!

Cheers and good luck trading!
-DasanC


PS - This code doesn't repaint or have future-leak, which was present in Pinescript v2.
PPS - Believe me! These returns are typical! Sometimes you must push aside the "if it's too good to be true..." mindset that society has ingrained in you.
Do you really believe the most successful pass up opportunities before investigating them? ;)

(1)Ehlers & Ric Zero Lag EMA
(2)Measuring Cycles by Ehlers
(3)Cosine IFM
(4)Inphase Quadrature IFM
(5)Averaging IFM
Informacje o Wersji: Now with Cryptocurrencies, Metal Spots, and Custom trade settings!
-> You're able to set a custom # of contracts to trade if required.
-> Simply set the Security Type to Custom!

Better Default settings!

Please note, if SL Points is less than your slippage, trades will exit immediately.
I encourage you to make testing conditions realistic & make sure SL points is greater than slippage!
Informacje o Wersji: Now able to set the max allowed lot size!
Many brokers set a hard limit at 100 Standard lots per trade for currency pairs and 30 standard lots for cryptocurrency pairs.
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Komentarze

Where did you come from? Your work is amazing. Well done. Through the ten scripts you've published you've demonstrated that you're an asset to the TV community.

I don't want to sound like a lazy, ungrateful s***, but do you think you could throw up a study version of this script?

Again, amazing work man.
+2 Odpowiedz
EmpiricalFX overttherainbow
@overttherainbow, Thank you that means a lot! I can upload an indicator version too, but you won't know if the settings are right unless you test it with the strategy ;)
+1 Odpowiedz
EmpiricalFX overttherainbow
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nilux EmpiricalFX
@EmpiricalFX, great work!
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Hi
I cannot find the way to start testing your strategy with crypto. I am using BTCUSDT with the default configuration, using all available data points from Tradingview, but I only see 1 deal closed
What is the suggested setup for such crypto?
Thanks
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currently trying to automate this strategy and was wondering if you could help?
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REPAINT
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baali1994 KirillNET
@KirillNET, this strategy repaints?
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EmpiricalFX KirillNET
@KirillNET, I appreciate your concern, but I don't make any security() calls. AFAIK, this is the only form of future-leak in Trading View.
Also, my code is 100% farm-fresh, certified organic open source. This means you're free to run, modify, and test it yourself. If you have evidence of future-leak - please let me know and I'll fix the bug.
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inbazhang EmpiricalFX
@EmpiricalFX, This will really be repainted, but it may be a tradingview problem ... When switching the charts, there may be a slight repainting, the sell order is 1.08500 to 1.08390 ... I do n’t know if you can solve this problem, or you do it directly a mt4 ea
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