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I will code your EAs and Indicators for no charge

Your indicator is not even close to what a Wolfe Wave indicator should do. It's looking at the previous 5 bars, instead of identifying the previous 5 H/L pivots over any number of bars.

I don't use any WW indicator -- and I'm not vouching for this or any other attempt -- but at least the one here will give you a better idea how the pivots are identified and then measured. You can run it on the Strategy Tester. Plus, I'm sure there are plenty more WW indicators in that thread and many others, so just do a Google or AI search.
Quoting BestTraderEv
{quote} I wouldn't say it's useless. You should understand that there is no indicator by which any EA can trade automatically without human supervision, and make money. The codes which actually make money for big hedge funds are not based on any such indicators.
Thanks, BetterTraderEv and MwlRCT for your valuable inputs.

I have another query if you feel it is ok to spare your times. I really need this code.

I want to request whether it is possible to code and insert this task for EAs that have DCA and Martingale. If this works, this might reduce drawdown times.
Take for instance, an EA takes 2 or 3 sets of trades with a max no of trades per set of trades, say 3-9 trades per set (as per setting). With multiplier 1-1.x.
Now, with DCA or Martingale, a fixed TP target is generated every time a fresh trade is taken and is again modified every time a new trade is taken till it hits the limit and the entire trade goes into drawdown. The logic of the additional trades is to modify the TP so that the target gets closer and closer, thereby making the situation easier to exit.

However if the pair goes into a one sided move, then the drawdown keeps on increasing.

With these EAs that take sets of different trades, the situation is slightly better. A buy trade and a sell trade set will hold drawdowns and keep making small profits here and there.

When the max no of trades is reached, the TP cannot be modified further and price has to re-visit that level to exit. My logic is to continue with the TP modification of the trade set in drawdown as long as the opposing trades keep making profit. This keeps the TP levels closer and closer even during a drawdown.

First, identification of the sets of trades in drawdown. Say, 5 pips per trade is the profit target of each trade. Hence, cumulative target profit is 5 pips X max no of trades allowed for that set. If it is 5 trades, we have a cumulative target of 5X5 or 25 pips.

Second, the reverse trade sets, whenever they make profits, say, 1 trade makes a profit of 5 pips and there are no more open trades for that set, the TP level for the earlier set in drawdown should be modified to 25 – 5 = 20 pips, and so on. Till each set has no further drawdowns.

Then the whole process starts once a set reaches max no of trades



I hope this idea is worth your valuable time.

Thanks again in advance. This community is indeed excellent !!!
Attached Image (click to enlarge)
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Hello.
I am using universal EA which was shared by Lukey.
https://www.forexfactory.com/thread/...ea-free-to-use

I want to add an option for closing positions by using another indicator's signal.
For example,

if RSI > 70 ========>>> Close buy positions
if RSI < 30 ========>>> Close sell positions

And if it is possible, add auto lot option please.
trading lot by X percentage of free margin.

And option for max buy positions and max sell positions

Is it possible to make like this ?
Please let me know.

Thank you.
Attached File(s)
File Type: mq4 LUKE'S Universal EA.mq4   82 KB | 139 downloads
Hi Best

5M chart
try to set a range between 09:00 to 09:15 ( red vertical lines / light blue rectangle)
but indicator calculates the low from 09:00 to 09:50 (blue vertical line / light gray rectangle ) ?


Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 25 KB



Quoting BestTraderEv
{quote} {file} Do not change the file name! (Ehm, ehm ... revision!)
Quoting lukgoku
{quote} I'll write to you in PM
A short report on the state of progress. And then, maybe not so short...
I have a perfect match, and I have all the buffers filled!
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-06-15_103129.jpg Size: 236 KB

If you close up, you will see the LuxAlgo envelopes (white under red and yellow under blue).
Arrows are from LuxAlgo.
I have not yet implemented arrows.

PS. If anybody can get the LuxAlgo Nadaraya-Watson Envelopes source code (mq4 or mq5) that would solve another problem.
Unfortunatelly, iCustom() creates error "cannot set timer(30)" and this makes my scanner stop working.
Applying the alerts to a multi-symbol scanner is the next step.
And, we cannot use the file provided by @lukgoku for the scanner.
A multi-symbol scanner can not handle this method.

A few hours later...
I am liking what I am seeing...
Attached Image (click to enlarge)
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Due to the nature of the plotted lines, this is the best I can do:
So, we have Strong Arrows and Weak Arrows.
The default input settings:
Attached Image (click to enlarge)
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correspond to the default LuxAlgo Naradaya-Watson Envelopes settings.
However, due to the above mentioned complications, the data indicator is:
Attached File(s)
File Type: ex4 Nadaraya-Watson_Envelope_5D_v2.1.ex4   86 KB | 363 downloads
This indicator should be as is, and the name can not be changed, because if changed, our main indicator will not be able to get the data.
Also, it's not advisable to use this tweaked indicator on it's own.

Here is the main indicator:
Attached File(s)
File Type: ex4 NWEst_LuxAlgo_Env_BTEv_Alerts_Extras.ex4   41 KB | 473 downloads
This indicator plots what we want to see, and also manages the arrows and alerts.

Do not change the file name!!!

A bit of more advanced explanation:
The Nadaraya-Watson_Envelope_5D_v2.1.ex4 indicator is the file provided by @lukgoku and specially tweaked to co-operate with NWEst_LuxAlgo_Env_BTEv_Alerts_Extras.ex4. The plotted lines are actually small trendlines plotted from bar to bar, and that's why we cannot change them to be visualised as one solid line (they already are solid lines). We can only change their color and width. In order to achieve a different picture, the Nadaraya-Watson_Envelope_5D_v2.1.ex4 would require a very major rebuild, and that would require much more time.
At this moment we have what we have.
The arrow buffers are as follows:
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-06-15_130640.jpg Size: 58 KB

5 is Buy Strong
6 is Sell Strong
7 is Buy Weak
8 is Sell Weak

Of course, the signal alone can be good, or not in the context of where we would place our StopLoss.
However, adding just a few other filter points to our strategy can produce a powerfull system.

And finally, this may not work for every type of market, so know your market, first!
WoodenCoderBestTraderEv (.ex4/.ex5 files cannot be fixed)
Hi guys i found this indicator right here on forex factory, with the write settings it can predict turning points. i need help with it though. i want it to show buy and sell arrows on the screen when it crosses a specified level.. it only shows alert when it crosses the levels i set but an arrow displayed on the chart is quite better. thank you in advance
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 28 KB
Attached File(s)
File Type: mq4 Corellation.mq4   26 KB | 235 downloads
Quoting BestTraderEv
{quote}PS. If anybody can get the LuxAlgo Nadaraya-Watson Envelopes source code (mq4 or mq5) that would solve another problem
Hello BestTraderEv , Does these following links help?

https://www.tradingview.com/script/I...elope-LuxAlgo/

https://www.google.com/search?q=LuxA...hrome&ie=UTF-8

Regards,
Moti
please add on off button to this indicator thanks
Attached File(s)
File Type: mq4 RoundNr2.mq4   2 KB | 209 downloads
Hi, novice member here. not sure if im in the right forum, if not please let me know.

I am trying to create a hedging EA for my specific needs, but cant figure out the right formula, so i was wondering if anybody could help.

I want to inversely copy trade between accounts so that if I gain/lose x Percent in Account1, I would lose/gain a specific amount in absolute dollars in Account2.

for example:
I want to gain/lose 400$ when I lose/gain 10% of my 5000$ account.

I initially thought it would be as easy as setting the lot size multiplier to 0.8, but that only works if the first position reaches the 10% threshold in one trade. if it takes several trades and goes back and forth, the hedge (especially with different slippages) goes off by quite a significant margin (I've experienced ~40%).
so i figured I need to do dynamic hedging and re-calculate each time after a position is closed what size to take.... but cant figure out the formula.
Any help is greatly appreciated!
KR,
Quoting BestTraderEv
{quote} A short report on the state of progress. And then, maybe not so short... I have a perfect match, and I have all the buffers filled! {image} If you close up, you will see the LuxAlgo envelopes (white under red and yellow under blue). Arrows are from LuxAlgo. I have not yet implemented arrows. PS. If anybody can get the LuxAlgo Nadaraya-Watson Envelopes source code (mq4 or mq5) that would solve another problem. Unfortunatelly, iCustom() creates error "cannot set timer(30)" and this makes my scanner stop working. Applying the alerts to a multi-symbol...
you are the best, no words.
Monday i’ll test, on real.
Have a good weekend, get some rest, you deserve it!
Quoting Motiram
{quote} Hello BestTraderEv , Does these following links help? https://www.tradingview.com/script/I...elope-LuxAlgo/ https://www.google.com/search?q=LuxA...hrome&ie=UTF-8 Regards, Moti
Thanks, but we already have that.
That's the one @lukgoku posted yesterday.
It requires a major rebuild, and I don't like that type of jobs.
You see, coders don't like such jobs at all.
It is much easier to add our own codes to what already exists, then to fix other's mess.
WoodenCoderBestTraderEv (.ex4/.ex5 files cannot be fixed)
The indicator is based on the closing price.2007
MovBuffer[i]=iMA(NULL,0,MaPeriod,0,MODE_SMA,PRICE_TYPICAL,i);
price=(High[k]+Low[k]+Close[k])/3;
Attached File(s)
File Type: mq4 True.mq4   13 KB | 214 downloads
Quoting Badguy
Hi Best 5M chart try to set a range between 09:00 to 09:15 ( red vertical lines / light blue rectangle) but indicator calculates the low from 09:00 to 09:50 (blue vertical line / light gray rectangle ) ? {image} {quote}
That's because this indicator works for H1.
IOW, the idea was to plot H1 zones for trading in the context of a breakout in the day.
WoodenCoderBestTraderEv (.ex4/.ex5 files cannot be fixed)
  • Post #69,354
  • Quote
  • Edited Jun 16, 2024 5:23am Jun 15, 2024 10:07am | Edited Jun 16, 2024 5:23am
@jeanlouie Can you add the buffers to all level .it would be better if replace the line with arrow.Thanks
Attached File(s)
File Type: mq4 key_levels.mq4   3 KB | 187 downloads
Quoting lukgoku
{quote} you are the best, no words. Monday i’ll test, on real. Have a good weekend, get some rest, you deserve it!
Dear lukgoku, can you please share your strategy with please. In conjunction with this indicator, what other conditions have to be met for a valid entry, etc. ?
Quoting nostalgicar.
Hello, Can you make this indicator to .mq4. Best regards {file}
https://www.best-metatrader-indicato...indicator-mt4/
WoodenCoderBestTraderEv (.ex4/.ex5 files cannot be fixed)
Quoting hashzar
{quote} Dear lukgoku, can you please share your strategy with please. In conjunction with this indicator, what other conditions have to be met for a valid entry, etc. ?
C'mon! This is so basic-simple!
1. Go with the trend,
2. Buy on blue,
3. Sell on red.
Obviously, it's better to go with the trend, and ignore the counter signals.
Learn to detect possible sideways as soon as possible.
Pay atennetion to the Spread/Volatility plus Freeze and/or Stop Levels.

For example:
Pink is Spread, and yellow are StopLevels (minimal distances for TP/SL).
So, as you see in the image, there is no sense to trade this instrument on M15.
Attached Image (click to enlarge)
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Basically, in such conditions W1 is the minimum Tf to trade.

So, if you want to trade M15 and lower, you need a good Spread/Volatility ratio.
Something like this:
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-06-15_190245.jpg Size: 208 KB


And also pay attention to the size of the signal candle.
If it's too big, that's a run-away train.
Don't chase it - there will be another one.

The biggest challange is to be there when it happens.
Otherwise we just keep missing the opportunities.

BTW, these envelopes also behave a bit like Bollinger Bands in the sense that they get wider when the market is going sideways, and the get narrow when the trend is strong.
WoodenCoderBestTraderEv (.ex4/.ex5 files cannot be fixed)
Quoting BestTraderEv
{quote} C'mon! This is so basic-simple! 1. Go with the trend, 2. Buy on blue, 3. Sell on red. Obviously, it'ś better to go with the trend, and ignore the counter signals. Learn to detect possible sideways as soon as possible. Pay atennetion to the Spread/Volatility plus Freeze and/or Stop Levels. For example: Pink is Spread, and yellow are StopLevels (minimal distances for TP/SL). So, as you see in the image, there is no sense to trade this instrument on M15. {image} Basically, in such conditions W1 is the minimum Tf to trade.
Thanks, that's why you are the Best! Obviously NO Crypto. I trade Indices and some Forex.

Yes exactly, instruments like DAX. M15 and M5.

The way lukogo had explained the strategy was completely counter trend, after the close of candle outside band, and then enter on the opposite color candle closed.

Thanks again, really great job on the indicator.
Quoting hashzar
{quote} Thanks, that's why you are the Best! Obviously NO Crypto. I trade Indices and some Forex. Yes exactly, instruments like DAX. M15 and M5. Thanks again.
Hi Hashzar,
all true, it's fine with indicies but only in trend, even crypto but practice first in demo and try to understand the advice of BestTraderEV, and no, forget the lowest TF starts from 15M up, especially if you do not know very well and I say very well all the talk behind. Here we are talking about market inefficiencies to exploit on the trend, if you put yourself on the 5m you risk misinterpreting the primary trend.
[quote=BestTraderEv;14902521]

Hi BestTraderEv,

can you please modify this code so that it looks like the picture. I explain: when the rectangle appears, it will have to appear with a vertical line connected to the rectangle all the time, regardless of where it will be moved on the graph. And lastly, or at least this option, the rectangle should have the properties of an editable label that I can write on.

Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 14 KB
Attached File(s)
File Type: ex4 Color Levels_1.ex4   35 KB | 143 downloads
File Type: mq4 Color Levels_1.mq4   52 KB | 194 downloads
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