Ultimate TRADE EA

The last two days I have tried a little different trade logic than what unimak stated in a previous post, now that he has stated the procedure to open a trade I can get started on getting that into the EA and see what the difference would be. But for the last two days I have tried something a little different after looking at a lot of charts and pivot points. I won't say what the logic is at this time because I am sure unimak probably won't like it, but its something to try anyway and we are here to try and make money which ever direction we take. This may even lead to a spin off from the original idea put forth by unimak. Just to keep it simple for now I set the EA to take profit = 10 pips and stop loss = 30 pips. Next week I am going to add in the moving stop loss based on the 3 Targets so the results should be better.
I have also placed the EA on 11 pairs, instead of just EU, so I can get a better idea of how it will respond. At this time it is also trading 24/5.

Also when I add in the 3 Targets the profits should go up even more I would think, some of these would have made it to T3 I believe.

Total trades = 22
Winners = 20 (+611pips)
Losers = 2 (-108pips)

I think the USDJPY loser was one that triggered by accident when I was fooling around with the settings, so I just closed it, thats why it looks a little strange. The other loser hit the 30 pip stop loss.

So even if I am doing it wrong, I will take these results any day. (see results below)

seller9 please go ahead and share the ea and the logic, I am always open to ideas ( new and old ) . so no probs from end.

Seller 9, I want to say well done for the nice job and to my friend Unimak big thank you for the system.I hope the EA will be shared for test and comments.

Most interesting.Lurking around I find this mention of an EA that actually works , together with a list of trade results.
Sounds good ,well done !
In my experience I have not found one single EA that really is worthwhile.
I also would be grateful to receive and test this EA.

really nice results and yes the most important part is the rate of making PIPS anything over 70% is good IMO with the 30% would be well managed small losses of course

Can't wait to test this EA.

EURUSD 1hr Charts

Heres an example of the Pivots working with Supply/Demand and a PRICE RANGE CHANNEL BREAK based with HOUR criterias of it's highs/lows of the first 4 hours of the day as seen with the boxes.

as you can see by looking at the PICS of April 12 SupDem then seeing the Price Action Afterwards on April 13 the Pivots - ADR - ATR projections levels we're good in speculating the movement, obviously based on confirmations of P.A then Pivots and previous Candles High/Low Breaks and the 4 hr Channel Box Range BreakDown.

as seen some pretty good PIPS could of been made on April 12th the Supply/Demand are 1hr levels and on April 13th they are 4hrs levels just to show how they can be usefull

we need strategy which are very simple to understand and work with , i am happy if we make 10 pips per pair consistently and we get multiple 10 pips entry in the course of the day .

30 pips per pair per day , i think we have achieved our goal .

can you share the indicators ?? atr projection etc.

i already did in post #100 they are at the bottom under the pics
the ADR projections with Markers and ATR projections the only thing is if you have both on the chaart the ATR will overwrite the ADR,

but with if you have the ADR.01 it shows at the bottom both ATR and ADR levels. gonna have to try and modify the ADR_Marker or ATR_Projections to show a bit lower, im not a coder but will try

Hello unimak, seller9,

any chance of testing the EA this week?

best regards.

-guandi

Hang in ther I don't want to post it until I am almost sure I got most of the bugs out and it works. I am just trying to stay away from having to answer a lot of questions when the EA does strange things. I spend a lot of screen time just watching it and checking it so hopefully it is on the right track when I post it, I don't want to post garbage.

take your time, test it out then only post. if we can get a ea which simply scalps for 10 pip across all the currency that will be too good. consider this option as well , may be a separate version .

Yes exactly i rather wait and let seller9 do his MAGIC as long it's CONSISTENT either by small profits or slower but huge Profits, in the long run it's he Wins vs Loss ratio that counts, if i can get more or less a constistent 100 pips a week i'll be happy, some do that in 1 day but it's better to set realistic and lower goals than higher goals and if it's not reached we get emotional and thats not good in trading.

I know it seems like it is taking a long time but I rather have it right than be a mess of bugs.
Right now I am working on 2 rules for two different types of trades, one is the one unimak mentioned and the other one is the one I showed the results of a few posts back. Both of these work around the daily Pivot and I am looking for consistant pips from 10 to 30 max, the more you try for the less consistant it becomes, so for now I am trying for consistant winners across multiple pairs which may be better at this point than trying for the big run. Later on we can work on rules that would get us the bigger runs for more pips. So think about rules that we could incorporate that would give consistant winners that could be added at a later date once we get past this first test of consistant smaller winners.

Just hold tight, I think the wait will be worth it.

ok based on my test a eu pair should give max 20 pips so i think it is safe to try for 10 pips consistent, uj will give you approx 15 pips so 50 % of that should be good enough .

for bigger runs we can do it later on once things settle dn . on right track

i need to mention one things , preserving the capital should be the number one rule. so we just need to see that we do not sl or in the worst case when it cannot be avoided we take the sl with minimum hit .

if we do not hit sl and if we cover our sell or buy price with cover sl , then what remains is only profits. tgts will come automatically when we manage the sl and cover sl correctly .

Hi Seller9

Count me in and waiting for the EA eagerly.....

Velli

We can not thank you more for the efforts you are putting in developing this EA and the other two EA's. I am really impressed on how you can have the time to do all this. Mutcho appreciated.

Will the EA have the trading logic you talked about in the quoted post. The results of this logic looks impressing and it will be bitty to let it fall in the cracks with all what you have in hand.

Many thanks

^Sam

Here is version 3 of the pivots EA for everyone to try next week. It is a very basic Pivot EA with not a lot of Bells yet, they can be added later on as the testing moves along. I have been using the default settings with good results. At this time I have just been going for a single TP of 10 pips with a stop loss of 30 pips. Before we add multiple TP points and maybe BEJS, lets see how this works before anything else is added. It will take multiple trades in the same direction if the rules listed below are met after the first or second trade closes, I have seen as many as 4 in the same direction, one after the other, so multiple TP may not be needed. I did try a TP of 20 pips, but it was harder to hit consistantly so there were more losses, it seems a nice consistant 10 pips across multiple pairs maybe the best way to go for this "Rule1". We can add more rules later on as we see other patterns that may work out, but for now lets just see how this first rule works out. The rule1 is based on what unimak had previously stated and is as follows. (Long Trade)

1) Yesterday Close above our Daily Pivot
2) Todays Open above our Daily Pivot
3) Bid must be less than Daily R1
4) Bid goes below Daily Pivot by a "BuySellOffset=5" (user pip setting)
5) Bid breaks back up through Daily Pivot.
6) If the pip difference between the Daily R1 and the Bid is greater than the Take Profit pips a Buy Signal will be given and a Buy Trade placed. This rule sees R1 as resistance so wants to make sure you can get the TP pips before it is reched, if there is not enough room it will not take the trade.

Sunday and Monday use Friday's data to create the pivots etc.

This Rule1 is set up to work between the Daily Pivot and the Daily R1 (Long) and the Daily S1(Short). Later on we can create or change rules to catch longer trades or ones involving R2, R3, S2, S3 and etc, but for now lets see how this one goes. So far it seems to be working rather well, once in a while it takes a hit, so some testing using stop losses less than 30 pips should be tested.
The EA also has a 24 hour count down clock at the top under the price that shows the trade window. It will be RED when not looking for trades and GREEN when looking for trades. It looks at the start of a new candle as determined by your Broker's new candle start. It waits 10 minutes at the start of a new Daily Candle before it starts to look for a trade, this is when all the new calculations are done for the new day. It doesn't take the computer that long to do them, but gives a safe window. The trading also stops when the count down reaches 6.

Get your EA on your charts and set to go durring this "Non Trading Time".
Once set up and running try not to change settings as this may confuse the Robot and you could miss out or take bad trades. Get everything set up and leave it alone. Once the trade window is active the Robot will draw the Pivot and R1 and S1 on the screen, these are there for testing and may be removed when the testing phase is over, I like to see whats going on when trying to test.

I place the EA on a simple candle stick H1 chart, it gives me a better idea of what is going on, you can use what ever you want, I try to pick a time frame so the entire day will fit on the screen, H1 and zoom gives me a couple days.

I think that about covers it for now, its just a basic start, lets try and keep it simple.

Everyone please give some feedback on your results.

Thanks for sharing the EA. Just drop the EA to a chart. It is said outside trading hour & Trading suspended. Do you hard-coded trading hour and I do not see there is an option to set the trading hour.

Hard coded according to what unimak wanted.