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Suggestion I will make a Free EA with your Indicator

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ionone2 said:
ok i got time to program an EA (or even an indi) on MT4. I'm not trying to make shadow on you Tanaka, you're a great programmer

I will ONLY take projects that have a chance to be successful. And after 10 years of programming i KNOW what's good and what can succeed.

don't tell me to create an EA from a single low quality indicator like Supertrend or BBstop for example, it won't work. But if you got a good idea, i'll put all my best material in your project.

and NO martingale PLEASE !! A good strat doesn't need marti. And martis will fail eventually. If a strat is good enough it doesn't need marti, ok...

Don't complain if i turn your strategy away...i do it for free, so...

also it's better if you have some kind of statement of manual trading, so i can see your strategy is solid...

finally i only take one EA at a time, so first come first served

Jeff
Click to expand...
Hi Jeff

Is this worth your time, would be much appreciated if you would code??

Thank you in advance: This a strategy a few of us is using with great success. I spoke to Akim for permission to code, because its time consuming to sit in front of the screen waiting for setups... I am a working man during the day and only have limited screen time:

https://www.forexfactory.com/showthread.php?t=858631

Normally on 1 hour TF we start to look for setups

Settings on chart:

MA high 5 red
MA low 5 yellow

Bollinger bands:
timer: 20
deviation : 2.000
apply : close
color : Blue

Early signs:
Sell setup: MA 5 high (red)
we must see if the MA 5high (red) line go outside top BB line
if that happen we can be ready for our sell set up..not ready for order yet

Early signs:
Buy setup: MA 5 low (yellow)
we must see if the MA 5 low (yellow) line go outside lowest BB line
if that happen we can be ready for our buy set up..not ready for order yet

Market are always tricky, sometimes those MA 5(high/low) are not going outside but the set up still valid.?( maybe good indicator to help.. coder discretion)

Sell setup order:
after MA 5 high going outside BB then we need to wait for 1st bear candle to form then we need a bull candle to test again at highest level(resistance) before price to start reverse..
Entry is when the price start to retest or trying to go higher..so we put sell order at the nearest resistance level..

Buy set up order..
after MA 5 low(yellow) going outside BB then we need to wait for a bull candle to form and then again wait for bear candle to retest lowest support level and place out buy order

I will add some of examples so you can understand
Target placement..
Usually if the set up come from a lower Tf like M5 to M30 target will be around 20 to 30 pips
If the TF is higher like 4hour to Monthly the target will be bigger 100pips plus depending on the pair

This is in a nutshell what I want please.. Also I do not have vast knowledge of the forex market and will greatly appreciate if you can add an indicator or such tools
 
Jessica-NYC said:


Well said Jeff!
No Martingale!....

I am a fresh Software Engineer just approaching Trading languages...

'Martingale' is a strategy in which you continuously place order, the more orders you place, the more money you invest. This is a strategy in which you invest more and more money even if you are in loss. It means that if you lose, you increase more money to invest in the next order until you win. Of course if you win, you can also make up for all the money you lost in the last orders as well as winning some profit.

Those who play with Martingale strategy have their own reason: it just likes heads or tails. The chance of winning or losing is 50%. Their bet in the first trade is $1. If they lose, the betting money will be raised to $2. If they continue to lose, they will double the betting money for the same choice and continue to do that until they win. the reason is that the probability of continuous loss is very low. The first chance to get loss is 50% but it will fall to half in the next trade order. For example: 25% for the second order and 12.5% for the third order. As the chance of loss drops, the money to bet should be increased.

In theory, you might think Martingale strategy is right. On the aspect of probability science, yes. Since the probability is 50%, the chance of the same situation happening over again is low.

However, if you think about it in behaviorism, it’s hard for a person to bear with the strain of increasing his money in the next trading order. In some first trade orders, it’s only 1$-2$-4$-8$ ,…but the more trades is made, the more money have to be placed. That’s when a person feel strained. Players will be anxious and worried. When their sense get controlled by emotion, they will lose all they have.

To be able to use Martingale strategy, you have to keep a stable number in your account. Sometimes, you just need a few orders to win, but sometimes, it take you a lot of orders as well as money to find profit. But the profit after deducting all the expense is just small. This is really unreasonable in economics: Lot of money given, little money earned. Sometimes, those money is just for showing since it is too small to use because all of you tradings succeed in the first try. The probability for the head of the coin to appear in 10 times consecutively is not 0%, it just has not appeared yet. And when it appear, you will lose all you gave. So, is it worth trading? Once you win, you win a little money. Once you lose, you lose all.

This kind of death is just like “once and for all”. This kind of death is just like “once and for all”. You may get excited once in a while to earn money but just in one moment, you will lose all.

Jessy.
Click to expand...
It seems after 1000 pages the intelligence comes to this thread.....
:clap::clap::clap::clap::clap:
I was afraid that only the martingal and paintindi playing trader kiddies were here...
:D:D:D:D:D
 
ionone2 said:
ok i got time to program an EA (or even an indi) on MT4. I'm not trying to make shadow on you Tanaka, you're a great programmer

I will ONLY take projects that have a chance to be successful. And after 10 years of programming i KNOW what's good and what can succeed.

don't tell me to create an EA from a single low quality indicator like Supertrend or BBstop for example, it won't work. But if you got a good idea, i'll put all my best material in your project.

and NO martingale PLEASE !! A good strat doesn't need marti. And martis will fail eventually. If a strat is good enough it doesn't need marti, ok...

Don't complain if i turn your strategy away...i do it for free, so...

also it's better if you have some kind of statement of manual trading, so i can see your strategy is solid...

finally i only take one EA at a time, so first come first served

Jeff
Click to expand...
I could have written the mostly the same...
:clap::clap::clap::clap::clap:
What s simple wrong is that the ONE indicator EAs could not be successful....just read hanovers thread on ff!
"The success of an ea is NOT dependent of the complexity of the strategy or the numbers of indicators"...
The 3 EA in my TE for experimenting shows this(some dd happens cause I m open and close fast for testing...)
 
Afrodeen said:
Try this
Click to expand...
Carlos Prieto said:
Hey mate,

Im on FT started 2019.08.07 with 10 pairs M5 200 balance with your set, someday is super great but others floating is too high (50-70%)..


This is right now. yesterday equity was above 420usd. Do you think i should change something to minimize the risk

View attachment 94688

Regards




Hi

Recommended balance?
Click to expand...
Can you please share your lot size
I'll check it
 
Carlos Prieto said:
Hey mate,

Im on FT started 2019.08.07 with 10 pairs M5 200 balance with your set, someday is super great but others floating is too high (50-70%)..


This is right now. yesterday equity was above 420usd. Do you think i should change something to minimize the risk

View attachment 94688

Regards




Hi

Recommended balance?
Click to expand...



Try this
 

Attachments

ionone2 said:
@hakimmalik2017
i'll do some research with these patterns, because i've tried them in the past but i wasn't impressed. if i think it has a good probability of success with your parameters i'll do an EA

@Automagico
i'll look into it to see if the possible outcome is positive. you're in the queue buddy

@AlphaOmega
ok i'll do it after the others
Click to expand...

Thank you for considering. When you research, Plz use 10 Pips Median renko brick chart. if you try it on less than 10 pips brick, you will find more signal but the accuracy is a little bit less. Recommended pair is EUR/JPY. Thats the only pair I trade. I believe if I can master only 1 pair in forex then I wouldn't need anything else. I can send some picture of the setup if you wish to see.
 
hakimmalik2017 said:
Thank you for considering. When you research, Plz use 10 Pips Median renko brick chart. if you try it on less than 10 pips brick, you will find more signal but the accuracy is a little bit less. Recommended pair is EUR/JPY. Thats the only pair I trade. I believe if I can master only 1 pair in forex then I wouldn't need anything else. I can send some picture of the setup if you wish to see.
Click to expand...
Experts plz
 
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