Suggestion Coder needed to turn amazing Indicator to EA

[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?

 

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.

 

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

 

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

 

v2.0

 

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.

 

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

 

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

 

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,

.........

 

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

 

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

 

Just a question about the trading time settings: Is this broker time or? Thx

 

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.

 

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.

 

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

 

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

 

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

 

Thanks I will try

 

I like the Basket thing

Maybe we can do this
Using a certain % of your account balance

1. Basket TP at 1% OR higher
2. Basket Close at end of day in loss at 0.5% (you can also use a certain period of time on that day)
3. keep it to 2:1 ratio
4. when the loss is bigger then this 0.5% then its up to you if you wanna close out or not
Its wise to close out for that day even when the loss is bigger then 1% or your 2 to 1 ratio

You really don't like to be in a losing trade...


one simple rule we all need to follow

its better to wish you where in a trade then you wish you where out a trade!

IMO CLOSE THE ORDERS AT THE END OF THAT DAY

 

v2.2 fix SL bug.