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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 :)
 

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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).
 
global said:
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).
Click to expand...
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.
 
jozmik said:
What is initial deposit for 1 pair?
Click to expand...
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....
 
sharask said:
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 :)
Click to expand...
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
 
sharask said:
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 :)
Click to expand...
Which time frame???
 
sharask said:
Hello, I would like to present my "SK-Double-Average" EA. I'm working on this project for some time and tested on demo accounts for a while. At this moment I'm using this EA on the few real accounts too.

It's based on the Averaging strategy. EA opens two orders - buy and sell. Profit order closes by TP, for loss order grid of averaging orders will be started.

Of course, there are few ways how to use EA.
I'm looking for the continuous trading without long hours facing monitor. With persistent profit...
With default settings I'm getting 5-8 % profit per pair, max DD ~ 10 % (acc 10k)

Pairs: EURJPY, USDCHF, USDJPY, AUDCAD....
Excluded (big trends without reversing, maybe didn't find good settings yet ...): EURUSD, GBPxxx

Feel free to test it, ask and share your experience.
P.s. It's free. I hope to find better settings and new ideas with your help. Good luck!

-------------------------------------------------
Most important settings:

Trading mode:
- Virtual TP. All trades will be closed by EA after calculated profit
- Real TP. TP will be set according Grid TP setting

Step to next order:
- Dynamic = true. Step to nex order * Order No. So will be: 7-14-21-28-..... (in 4 digits)
- Dynamic = false. All steps will be equal.

TP for the 1st Order:
- Must be set in Real TP mode, in the Virtual not necessary. If spread will be more than setting, EA will multiply it by 1.2

Profit for the Grid:
- my tested setting: 20 for the 0.01-0.02 starting lot, 100 - for the 0.05 lot, 200 - for the 0.1 lot.
- if you set profit too small, you get small profit. If you set profit too big, grid won't be closed and you will catch the trend....
- if there are < 4 opened orders at the moment, this setting will be divided by 4. To close orders faster....

Max orders:
- I'm trying not to open too much orders..... 1 or 1.5 lot should not to burn account...
Click to expand...

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

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.
 
mastercool said:
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.
Click to expand...
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?
 

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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).
 

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