I have developed an expert advisor using Trade manager code. I have developed my own algo for Entry and exit criteria. I am posting on this forum for educational purposes.
I have developed an expert advisor using Trade manager code. I have developed my own algo for Entry and exit criteria. I am posting on this forum for educational purposes. {file}
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Be so nice and tell the hardcore coders like I am how the strategy worx....
Greetings R
While backtesting in visual mode, I've noticed that the trailing stop in not working correctly. When the ea is pushing it closer to the price, the stop is jumping up and down (sometimes) instead of staying at the new level.
Have you coded any limitations (expiration time or only demo) in the expert ?
Hallo Muhammad While backtesting in visual mode, I've noticed that the trailing stop in not working correctly. When the ea is pushing it closer to the price, the stop is jumping up and down (sometimes) instead of staying at the new level. Have you coded any limitations (expiration time or only demo) in the expert ? Thank you
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Please use this version, as In previous version I turned on ATRTRAIL and Jumping stop loss same time. Now this version is more improved and the trade selection criteria is more refined.
{quote} Please use this version, as In previous version I turned on ATRTRAIL and Jumping stop loss same time. Now this version is more improved and the trade selection criteria is more refined. {file}
What do you mean by TP, is it Take Profit ? , then its by default 25 pips, but EA will use Trailing stop (Jumping stop loss) of Mulitpurpose trade manager.
I am researching on developing a more accurate and improved exit strategy for this EA, Any suggestions ?
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Hi muhammad
Your EA is interesting but we don't know the rules.
If you want suggestions, could you post a pdf to explain your entry and exit rules ?
What TF ?
Regards.
{quote} Hi muhammad Your EA is interesting but we don't know the rules. If you want suggestions, could you post a pdf to explain your entry and exit rules ? What TF ? Regards.
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My code is still under development. I have not made any PDF up till now. Regarding entry and exit strategy its a combination of different indicators like relative strength indicator (RSI) , ADX, Momentum indicator, cross over of simple moving average period 8 and simple moving average period 18. Salient features of my entry strategy are that in my code I use to give weighted average to the readings of these indicators as per their performance in the historical and present data. so its dynamic as every time the weighed average (rating of indicators performance) keeps on changing and when ever the set up reaches above 80% predictable pattern my EA enters the market. Regarding exit strategy I am still working on. Right now it uses Multi purpose trade manager code uses jumping stop loss trailing strategy to get to maximum profits and otherwise hit the static set stop loss of 125 pips. I want a good exit strategy for which I need suggestions.
{quote} My code is still under development. I have not made any PDF up till now. Regarding entry and exit strategy its a combination of different indicators like relative strength indicator (RSI) , ADX, Momentum indicator, cross over of simple moving average period 8 and simple moving average period 18. Salient features of my entry strategy are that in my code I use to give weighted average to the readings of these indicators as per their performance in the historical and present data. so its dynamic as every time the weighed average (rating of...
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Ok it's clearer. I'm going to follow your work.
What TF do you suggest ?
