• Welcome back! Thank you for being a part of this Traders Community. Let's discuss and share :)
    Selamat datang kembali! Trimakasih telah menjadi bagian dari Komunitas Trader ini. Mari berdiskusi dan berbagi :)

Suggestion I will make a Free EA with your Indicator

Let's be realistic here, instead of just making comments. If you win with an EA for 11 months, my dear if you blow your market strength in a month, then you are not a forex trader.Money management is always the key, greediness is mostly our vise in this game...
Yesss to success on forex you need MM, Good psychology, and of course Hard work ;););)
 
Hello people!


I bring something really great to share!


Just a little bit of my story. I have been in the market for about 8 years, most of my operations are based on trend lines, Fibonacci and candle patterns in the 5min and 15min T.F. During that time as is the case with most I believe, I have always tried to develop systems to optimize my trading. So after much analysis on the fundamentals behind the price movement I came up with a really logical, mechanical and lucrative system, but unfortunately very restrictive too, because to increase the % of success I ended up sacrificing the number of opportunities I get in every Par, at least in Forex markets, since in the stock markets the system works better. You will see why!


Well, with that in mind I`ll share the system here to see if some good soul could make a EA to help us to spot this oportunity. Because with a good EA we can look to several Pars and several timeframe and sure we get a good number of oportunity in a week. And if looking for signals with renko charts, better. The system is pretty simple and use conventional indicators so I guess its easy to code, but I cant code myself. The idea behind the system is this:


We all hear that the trend is our friend and the best way to have the market going in our favor. We also know that it is often difficult to determine if the price will only retrace or will have a total reversal. So, to help us determine whether we are facing a retrace or a reversal, we will use a volume indicator to look for divergences with the price and thus determine the strength of this opposite movement. The indicator is OBV.

I know, I know. The volume in forex is not real, but still this system Works with a tick volume chart. I use this system for the index and future dollar market here on the Brazilian stock exchange and it works perfectly since the volume data is real. And the system work even better with Renko charts, but we have to be really speddy to catch some movements. Then the EA would be a great help to catch them.

So if someone could code an EA for the MT5 would be great, since this way we could use this system in an environment where we have the actual data of the volume and so the system would have an even greater assertiveness. But as I say before, the system workin Forex too and we could get the forex Pars in MT5 too.
 
To determine the divergence we will assemble our template as follows:


In the main screen we will add Heiken Ashi, 3 EMA, 21 EMA and 50 EMA.

In the OBV indicator we will place these same averages, but based on the indicator itself and not the closing price of the candle. Here is the hearth of the system. We put the EMAs using the indicator data. For these just drag the Moving average indicator and in the “Apply to” section, use “First Indicator Data”.

I like to leave the line of the OBV invisible to facilitate the identification of the divergences. Since what we will be using is the 3 EMA in relation with the other two slow EMAs.

READY!
 
SETUP:

The Entry is on the break of the High(Buy)/Low(Sell) of the HeikenAshi candle that trigger the signal.

The condition to get a valid trigger candle is that when the candle closes in the main window, the 21 EMA is Above the 50 EMA for BUY or Below the 50 EMA for SELL in both windows, the main window and the indicator window.

With these conditions in place we wait for a retrace in the main window where the 3 EMA came and cross the 21 or the 21 + 50 EMA. And we then see if the same happen in the OBV window. If not, than we can enter the trade.

So we will have 2 signals. One when the 3 EMA cross just the 21 EMA in the main window and not in the OBV, and the other when the 3 EMA cross both 21 and 50 EMA and we don’t get the same in OBV.

The stop is a few pips behind the last top or bottom of the last 5 candles. And the target at least 1:1 or more.


With this setup we can expect great signals.

I'm going to post some examples of the signal in Forex and Stocks, with Candle and Renko Charts for you to get a clear idea and see the power of this setup.

And I really hope that someone could make a EA in MT5 to trade then. Since there we could spot some excelent trades in stocks and future markets using renko charts.

Note: When using renko I still use the HeikenAshi to get the trigger candle.
 
Example in Forex 5 min and 15 min!
 

Attachments

  • Example 1.png
    Example 1.png
    46.5 KB · Views: 108
  • Example 2.png
    Example 2.png
    32.7 KB · Views: 93
  • Example 3.png
    Example 3.png
    46.4 KB · Views: 82
  • Example 4.png
    Example 4.png
    48.1 KB · Views: 81
Can
Thanks, just upload set file and share with us. In this thread there are some people who can backtest 99% quality and if it is good result, let's go on the FT!

Can someone share knowledge on how to backtest 99%, I would like to learn and contribute to the thread. Many brains and hands can make our journey to profitable EAs much quicker.
 
[QUOTE = "rskdev, post: 300514, miembro: 39833"] Sr. Kan,

Usted puede obtener el servicio gratuito de VPS por 1 año. Lo estoy usando ahora mismo. De esa manera, tus cuentas de Mt4 permanecerán siempre. Aquí te doy los enlaces. Sólo tienes que seguir las instrucciones. Le muestra cómo configurar su plataforma Mt4 paso a paso.>

https://www.argolab.net/free-vps-amazon.html

http://www.guidingstartechnologies.com/how-to-create-a-free-vps-on-google-cloud-for-mt4-eas/

Pero, por supuesto, siempre hay un enlace a continuación, que usaré cuando mi VPS gratuito se agote.

https://socialvps.net/ [/ QUOTE]
Buenas tardes esto acceder al VPS gratis de social vps. net, ya estoy registrado pero no eh podido acctirar lo sería muy amable me pueden ayudar
 
Hi Loverhh! I'm just trying to use your set file.. as attached.. but nothing.. the results are always negative.. :worried:
Please can you check the setm file I got.. ? Yhank you very much!
Vincenzo
I need a little more information vincenzo :)

I dont know which pair, tf, starting balance, starting date and so on.. I started 2015 and after 4 days.. I'm now finished with 2015 ... starting balance 5k and now reached 45K .. DD was touched 3 times .. but I use fixed LOT.. .to be sure.. I have to use the new lockprofit version.. with risk percentage.. to be sure.. if the strategy is really good :) if not, than we need more balance.. money management is all :)
 
Back
Top