Entropy Scalper EA with AI

You can download the Entropy scalper with chaotic kernel.

The download is available only for registered and logged users.

The performance can be compared.

The idea:

The idea is to detect as for the fractal spcalper a pocket of predictability. Within this pocket of predictability we are taking a directionnal signal based on the current volatility.

So there are thre main components:

a. The pocket of predictability.

The pocket of predictability is a situation when we have an increased predictability. We do not know why this occurs, we are interested in the fact. And this pocket can be discovered using different tools. In metatrader we have fractal dimension indicators family: FDI,FGDI, iVAR, Hurst exponent, and the fractal scalpers are using then.

Here the entropy scalper is using an entropy indicator. The entropy is another way to measure those mystical pockets of predictability. Here we look for a drop of entropy below certain levels. The default levels are 0.6.

b. Directionnal signal

The directionnal signal is using a special set of indicators. The indicator used is the Entropy math indicator. The Entropy math indicator is a whole story by itsels. This is not a traditional indicator but and it comes from the work of John Conover, you can visit his site for more details. The entropy math is a Metatrader version of his work, the article is called quantitative analysis of high entropy systems.

However we use a set of four Entropymath indicators as inputs and we use a Chaotic kernel in order to optimize the values with the genetic optimizer. Se keeping it simple the Entropy math is an input that is used by a "neural network" (The chaotic kernel with the genetic algorythms is different but let keep it simple.)

c. Market State:

The market state is used trough the stop loss, take profit and live hours settings.

It is obvious that this is a critical component. We use the genetic algorythm to find those values. However it si advised to use your own view of the market and additional tools as the Lyapunov exponent.

And of course take care of the news releases.



Installation:

In the archive there is an EA files and two indicators. If you do not have those indicators you need to install them in order to run the EA

Some idea:

As you can see there are many parameters that are common among all the fractal scalper indicators.

You can check the fractal scalper description.

One of the most important parameters concern the stop loss the take profit and the live hours parameters.

Those parameters are specific for the current market conditions. As I recommend that you use open prices only for optimization (otherwise it will takes a lot of time), you can't use stops below 15 pips.

There are the paprameters if the two chaotic kernels.

You can optimize both or one of them.

x from 0 to 1 with step size 0.01, 0.001 or 0.0001

limit map from 1 to 1000 with step size 1

r from 1 to 4 with step size 0.01, 0.001

EA Gann High Low Activator

The work of Gann is indeed very interesting it is the result of someone who has dedicated his entire life to the markets.

Howevever what we know about him today is not everything he has created. Some of his works never quited the manuscript stage.

I think that he was using everything he can, all the available technology of his day in order to read the markets. I think he was a visionary. Many can't understand but the simple bar charts of today were at the time something completely astonishing.

Yes today we have the summum of all the technical analysis available on internet, most of the readers here have gigabites of technical books and works in their hard - drives.

But on the other hand if Gann had an odge during his lifespan markets over the others the same is not true for us.

The market is something very specific, not all markets are the some and the markets evolve during time. I mean that the most computarized markets of today are fundamentally different from the markets in which Gann has practices his methods.



So there are two difficulties.

1. The Gann works and methods are incomplete (many of his works are not available).

2. Even if they were they were created for markets totally different from the market of today. That means that authomatic implementation is not going to work.



And yes, what can be done is to be fimiliriased with his methods and to have a creative approach.

Some even say that Gann was one of the first guys who actually used algorythmic approach. It is about the Gann high - low activator (now by the way entirely coded in mql and freely available to everybody, in its time that was the edge of the research).

Have a loot at: Krausz: W.D. Gann Treasure discovered



I made my own EA Gann High Low Activator. It is based on the indicator Gann High Low activator SSL from the code base.

You can download the indicator with the EA from here, just click on the download button. You need to install the indicator in order to make it work the EA.

And here the good news are over. Yes I made some testing but I did not find this EA strategy reliable on the recent market of Euro/Dollar. You can make your own tests and share.

Parameters:

The EA is based on the moving average generic EA, that means it shares the generic money management module. However in order to make it work I changed the trading rules a little bit (I do not pretend that I got it right).

So there is only one parameter and it comes from the High Low activator it is the Lb parameter and that is simply the number of bars you use for the computation of the indicator.

The rules can be interpreted as the basic single average system towards the price. Check the picture and you will understand.

If the Close is < the Gann High Low Activator indicator we Sell

If the Close is > the Gann High Low Activator indicator we Buy

DOWNLOAD the EA from here