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The Indicators the EA uses to enter are :
Once there is a trend going on the long term MACD look for a pullback on the short term MACD, it must go negative on the histogram for a least 2-3 bar.
The original thread is this :https://www.forexfactory.com/showthread.php?t=163700
So i wanted to make an EA to auto trade with those conditions,so i Hired a professional MT4 coder to do it.
During the tests with TickData in M5/M15,i had some good results but when we talk about grid,the main problem is how to control the DD.
This EA has parameters 4 parameters to do that which you might want to play while testing,or make any improvement in the code.
Some of Parameters which you might need explanations :
1.//Add lot - when the price goes against your order,it will open another order with initial lot + //AddLot
2.//One trade per acc by magic :
- false > same magic number for all pair,each one works for its own. Its a waste of time giving different magic number to all pairs.
- true > same magic number for all pairs,the Ea will check if any other pair has a order opened and if not it will open the order,
but if there is another opened,it will not open another. This way only 1 pair will trade,the one who opens first.
For those who want to keep the DD in control,i thought this is a good feature.
3.//X bars before (minimum average distance) - It will check the open/close price for last X bars of TF below and open a order if the price has gone against you and the distance is >= than this average.
//X bars before TF = I prefer H1 or H4.
============ Close part from grid ============
4.//Start close part when we have X orders (0 - not use)
//Ammount of orders for close = 2
//Minimum sum for close = 5
If the grid has opened 6 Sell Orders and the profit of order 5,6 is = 5,it closes 5,6 .
For the coders out there, you might see in the code that this EA is also a manual trader which respects the grid conditions. You can tweak the code as you like.
I have created a 2 Trade Explorers TF M15 with this EA : https://www.forexfactory.com/mastercool66
- 28 Pairs with initial lot 0.1 because there are 3-4 signal per day on all of them. : https://www.forexfactory.com/mastercool66#acct.09
- 28 Pairs with initial lot 0.1 but 1 trade per pair : https://www.forexfactory.com/mastercool66#acct.58
Lets see what happens.
Currently im live with this EA and will posts results along the way.
- 60SMA
- long term MACD 30,60.30
- Short term MACD 12,26,5
- 5/15 min candle chart (optional)
Once there is a trend going on the long term MACD look for a pullback on the short term MACD, it must go negative on the histogram for a least 2-3 bar.
The original thread is this :https://www.forexfactory.com/showthread.php?t=163700
So i wanted to make an EA to auto trade with those conditions,so i Hired a professional MT4 coder to do it.
During the tests with TickData in M5/M15,i had some good results but when we talk about grid,the main problem is how to control the DD.
This EA has parameters 4 parameters to do that which you might want to play while testing,or make any improvement in the code.
Some of Parameters which you might need explanations :
1.//Add lot - when the price goes against your order,it will open another order with initial lot + //AddLot
2.//One trade per acc by magic :
- false > same magic number for all pair,each one works for its own. Its a waste of time giving different magic number to all pairs.
- true > same magic number for all pairs,the Ea will check if any other pair has a order opened and if not it will open the order,
but if there is another opened,it will not open another. This way only 1 pair will trade,the one who opens first.
For those who want to keep the DD in control,i thought this is a good feature.
3.//X bars before (minimum average distance) - It will check the open/close price for last X bars of TF below and open a order if the price has gone against you and the distance is >= than this average.
//X bars before TF = I prefer H1 or H4.
============ Close part from grid ============
4.//Start close part when we have X orders (0 - not use)
//Ammount of orders for close = 2
//Minimum sum for close = 5
If the grid has opened 6 Sell Orders and the profit of order 5,6 is = 5,it closes 5,6 .
For the coders out there, you might see in the code that this EA is also a manual trader which respects the grid conditions. You can tweak the code as you like.
I have created a 2 Trade Explorers TF M15 with this EA : https://www.forexfactory.com/mastercool66
- 28 Pairs with initial lot 0.1 because there are 3-4 signal per day on all of them. : https://www.forexfactory.com/mastercool66#acct.09
- 28 Pairs with initial lot 0.1 but 1 trade per pair : https://www.forexfactory.com/mastercool66#acct.58
Lets see what happens.
Currently im live with this EA and will posts results along the way.
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