Suggestion My SK-DOUBLE-AVERAGE EA. Free

Hello traders, how are you?
Yesterday I stared test with new indicator. It shows start and the end of the trend. So, it's possible to open one side trades according this signal. Yesterday I used it manually on EURUSD pair with 0.1 lot. Also I have plan add this indicator to EA and make some test.
Here is profit from yesterday. It looks pretty good

 

Thanks for the share ---- were you inspired by Benefit_EA? It has that look.
(There's nothing like a MartiGrid to keep you awake at night).

 

Yes and no . Maybe look of the info-display.... I need a lot of info to manage account and track EA work, especially during development.
But engine of EA I started before I found benefit.
I tested dozens of different advisors (if no hundreds), so there could be some analogy.

 

What is initial deposit for 1 pair?

 

Hello, there is no one answer.
It should be at least from 5000.
But. If you catch the trend and wont take any action for stop losses, you can burn 10k even more...
Check my signal at the bottom link. Here I started from 5000 and three pairs. It's dangerous, but I check situation and prepared plan for this....

 

Hello:
we just finished one month of testing - here are results from live account: 28+ percent profit!
Check signal here, to see details: https://www.mql5.com/en/signals/408635
Good profit to all!

 

New version of EA:
- Editable comments (by user request)
- small bugfix'es and improvements (not affecting to trading algorithm)
Best wishes,

 

Hello sharask for when do you think you can join EA My SK-DOUBLE-AVERAGE EA to see the results? and you have the indicator to analyze it too?
Thank you

 

Which time frame???

 

Hello, I'm using personally H1. I didn't notice big difference.

 

can use on any timeframe ?

 

May i suggest to add a setting : Close all if equity increases with X % .

 

May I suggest to add a setting : Close all trades of specific pair if equity loss reach Y%

 

Is better to close all pairs,if i have reached my daily target. If i close a specific pair,another opened pair might lose what i won with the pair i closed.I have encountered this situation before and it was ugly.
Better safe than sorry.

 

I understand that my and your sugestioins are made as option TRUE and FALSE. And you can use them or not. I think that both options are usefull.

 

Hello to all,
thank for your suggestion and question. Try to answer:
- can use on any timeframe ?
In this EA are no indicators (at least at this time ). It opens and closes orders only by price, so there is no difference.
- May i suggest to add a setting : Close all if equity increases with X % .
I think, it's impossible. In Averaging strategy you don't close orders by SL. If there is loss order, EA will open new one with bigger lot and try close them by averaging profit and loss. So, there always are loss orders and equity always are less than balance. Question - how to control all loss orders and not to open too much lots...
- May I suggest to add a setting : Close all trades of specific pair if equity loss reach Y%
It's easy. And I had this option. But... If you will trigger this "fuse" few time, you will lose all your profit..... Look at image in the attachment. This is EURUSD test from 10/01/2017 till now: profit 3800, max DD 15,60 percent. When to use this option?

 

After testing different EA's and reading many forum, I found one idea. In short:
1. Try to find profitable pairs and settings. Don't open too much orders - max 9-10, so DD will be controllable.
2. If you have a trend and big DD (e.g. 15 or 20 percent), stop trading. If DD will increase, lock loss orders.
3. Start using special EA, so called "Recovery EA". It trades on new price level and closes loss order from it's profit. I'm working now on this project also (how it works you can see in the attachment).

 

To the tests

 

Thank you very much Sharask, for this great piece of work. Much appreciated !!