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Suggestion Coder needed to turn amazing Indicator to EA

Discussion in 'Expert Advisor atau Robot Forex' started by Telac, 07 Feb 2018.

  1. Telac

    Telac Member Credit Hunter

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    Ok, got a few minutes to get this written:
    Here are my initial thoughts on how the EA should work:

    1) EA is placed on one chart to open and manage all trades
    2) Perhaps there should be a variable on opening time, but for now it seems that 08:00 GMT would be good.
    3) EA would open trades and set T/P levels indicated
    4) EA would have a variable for RR ratio to set the stop loss but initially I would think 1 to 1 stop loss to take profit ratio.
    5) EA would also have a basket close option based on $ or pips triggering global closer of all trades
    6) EA would have a stop loss to break even function for each trade with user defined variables (example when a trade is up say 20 pips, break even is set at 10 pips - ie stoploss)

    I think this would be great for starters - I doubt much more is needed.

    Let me know if any clarifications are needed.... Thanks :)
     
  2. Telac

    Telac Member Credit Hunter

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    Was just thinking that another close option would be to simply close the trade when the signal disappears.
     
  3. dokopy

    dokopy New Member Credit Hunter

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    [QUOTE = "Telac, príspevok: 187906, člen: 33541"] Ďakujem za návrh; Urobil som to v minulosti a to funguje - len dúfam, že pre úplnú automatizáciu :)[/ QUOTE]
    Just one question. These are daily signals. Do you close everything at midnight?
     
  4. Telac

    Telac Member Credit Hunter

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    I really have not used a fixed time, I just let trades take profit (as set from the indicator) as the days goes along and then most often I just close the basket when I see a good profit which is often somewhere between 16:00 and 17:00 GMT.
    Another approach which I have not tried but which seems to make sense: I often see a nice basket profit a couple hours after London opens - only to get eaten away until around the US opening time when it often rebounds. I'm sure profits could be maximized by closing an hour or 2 after London opens, then re-enter again just before US open. This is too complex to ask for a Robot and the times not precise but something you could capitalize on manually I think.
     
    Last edited: 09 Feb 2018
  5. dokopy

    dokopy New Member Credit Hunter

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    Thank you for your information. I like to start testing from Monday. Spontaneous attempts in the last two days are encouraging.
     
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  6. blackking

    blackking Active Member Credit Hunter

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    Still dont understand what is basket profit strategy,
    whether this ea using multiple pair and trading based basket trading strategy?
     
  7. arby1108

    arby1108 Member Credit Hunter

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    v2.0
     

    Attached Files:

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  8. Telac

    Telac Member Credit Hunter

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    Often things work out just fine, but there are days obviously when things go sideways. Having an EA just makes the job easier but I think the key is still to watch over things and intervene when necessary. Lately there has been some news spikes that have caused some havoc with the trades - I guess this could also be a feature that could be added to an EA to simply not trade pairs that have heavy news during a given day.
     
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  9. Telac

    Telac Member Credit Hunter

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    The basket profit is not really a strategy as much as a personal thing for me. I live in Thailand and as such my trading day starts between 2pm and 3pm local time - I just find it's nice to be able to trade until I go to bed when often I'm in a nice profit situation and I just sleep better if the trades are closed at that point......lol
     
  10. Telac

    Telac Member Credit Hunter

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    Thanks so much! Can you explain the updates you have made? Will try this when trading starts Monday..... Cheers!
     
  11. arby1108

    arby1108 Member Credit Hunter

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    v2.1

    Can trade all pairs in the Market Watch,

    auto set TP and SL based on Daily High and Low,

    funtion to close basket in pips or money, and close all or only profits,

    .........
     

    Attached Files:

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  12. Telac

    Telac Member Credit Hunter

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    Right On!!! Sounds Great..... This will be on demo Monday!! Cheers
     
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  13. Telac

    Telac Member Credit Hunter

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    As far as Take Profit - this is not set by indicator value?
     
  14. Telac

    Telac Member Credit Hunter

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    Just a question about the trading time settings: Is this broker time or? Thx
     
  15. Neil Groom

    Neil Groom New Member Credit Hunter

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    Looking at code its an ema 24, ema 72
    RSI period 14 on M30 time frame
    Macd 5,13,1 on M30
    Macd 12, 26, 9 on M30
    Stochastic 5,3,3 M30

    Ema is used on M30, H1, H4 and D1

    Tried this many many years ago with some success before it blow my account.
     
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  16. Telac

    Telac Member Credit Hunter

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    Will be interesting to see how it turns out using trading hours and cutting looses short and letting the winners run. I think perhaps this is the key - also employing some kind of break even pips may help to keep things going the right way. The EA will allow for more controlled testing - but my experience trading just the signals manually has been good overall but I really have not had any hard set rules doing it this way, just observations on what seems to work.
     
  17. nesta

    nesta Member Credit Hunter

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    hi..dear...timeframe..recommended?
     
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  18. Telac

    Telac Member Credit Hunter

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    Both the EA and indicator are time frame independent - can be run on any time frame with the same results.
     
  19. tanaka akiko

    tanaka akiko Member

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    Hi. Is this useful for binary option 1min trade?
     
  20. Telac

    Telac Member Credit Hunter

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    Sorry but I cannot answer that question as I have never tried it.....
     

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