EA: SyFirst_Grid 2.06a - Source Code Available
I decided to publish an EA I spent 6 months coding.
It works on EUR/USD M15 with at least 100.01 currency units as the account balance.
Hoping somebody will improve it
SyFirst_Grid uses 6 indicators
1- Center Of Gravity
It allows the EA to perform a price action analysis on 3 different units of time (defined in the settings) in order to decide if market is trending/ranging.
This indicator gives the EA an information on the current volatility as it seeks excessive behaviours to enter a trade.
The EA uses this one as a signal filter.
The purpose of integrating ATR in this EA is to allow adaptative behaviour according to market conditions. It impacts, for example, Trailing Levels and Grid Activation Levels.
5- Pivot Steam
The interpretation of this one is de-activated for now.
6- Iris Index (integrated in the EA)
This indicator processes M5 data and defines when there is an interesting activity based on price action.
The way it works
Computing all these data gives this EA the ability to screen dozens of different patterns in order to obtain an edge.
Once it spotted one of them, a countdown is set for a duration defined by the user in the settings. During this period, the EA waits for a spike in volatility before opening an order.
If the trade goes against us, a grid system is initialized to manage the recovery.
I backtested SyFirst_Grid using TickStory and achieved a 99.90 % quality one. I prefer not to give you the results and let you discover the power behind it by yourself.
All I can say is that it's pretty impressive !
I wish you the best...
What are your settings please?
First post updated, sorry for that !
Defaults are good for this pair...
Thank you for share
Can you describe the way it is supposed to work, how it was tested, etc....
I think grids can be very interesting, but find risk management and scalability tricky. can you tell something on how you deal with those topics?
First post updated
Nice Work And Good Explanation... Subscribed
Looking For More Updates In Future...
Thank you for share your EA. I've got a problem. No trades - TF M15, default settings. Thank you in advance.
Did you put all the indicators provided in .../MQL4/Indicators ?
Do you have any error notification in the journal ?
I forgot to mention that Account Balance must be at least 100.01 currency units.
Do you see some bars looping in the control panel, next to "POWER", at each tick ?
And if I put EA work in two currencies to at the same time, he will work at the same time?
The only thing you need to do is to change each Magic Number for the new pair because every orders must have a different ID...
Thanks for your share.
I aded EA on eurusd 15 mts chart, on a 50k demo acct, but from yesterday evening till now there was no trade.
No errors, no notification in journal. also i have bars looping next to power.
am i doing something wrong ?
After loading the EA, do you have a happy smiley or a sad one in the top right corner of your chart ?
Everything seems OK.
Let's see what it will do today...
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