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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]
Telac said:
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 :)
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Just one question. These are daily signals. Do you close everything at midnight?
 
Telac said:
Was just thinking that another close option would be to simply close the trade when the signal disappears.
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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.
 
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Telac said:
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.
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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.
 
Still dont understand what is basket profit strategy,
whether this ea using multiple pair and trading based basket trading strategy?
 
dokopy said:
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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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.
 
blackking said:
Still dont understand what is basket profit strategy,
whether this ea using multiple pair and trading based basket trading strategy?
Click to expand...
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
 
arby1108 said:
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,

.........
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Right On!!! Sounds Great..... This will be on demo Monday!! Cheers
 
arby1108 said:
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,

.........
Click to expand...
As far as Take Profit - this is not set by indicator value?
 
arby1108 said:
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,

.........
Click to expand...
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.
 
Neil Groom said:
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.
Click to expand...

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.
 
Telac said:
I've come across an amazing and simple indicator the provides FX signals for 28 pairs. The indicator graphically produces buy or sell signals when placed on any chart and time frame and also provides take profit levels - however no stop loss is provided. I have found the signals to be overall very good.

We just need a simple EA that opens a trade when the signals are produced. As far as the Stop Loss, we can approach this in several ways. One way would be to simply make it as a risk reward ratio in relation to the take profit level provided. Another option would simply be to simply not have any fixed Stop Loss where the EA would close the trade when the signal disappears. Another option that would definitely be nice to have is a global closure of orders once desired basket profit is reached. One strange thing I have noticed however is that sometimes a signal will continue to show for some time even after the take profit level it gives is reached.

Have a play with the indicator and you will soon see that the signals are quite good.

Thanks in advance for anyone that can help with coding this into an EA!
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Hi. Is this useful for binary option 1min trade?
 
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
 
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