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Need help coding an EA

  • #21
  • Jul 21, 2010 8:56pm Jul 21, 2010 8:56pm
Gpb-Usd

July 21, 2010 6pm mst - sell position 1.5183 take profit hit 1.5173 (+10)

14 wins - 2 losses 87.5%

(-177 pips for the week)
eurjpy (-109 pips double size till recovered)
gbp/jpy (-157 pips double size till recovered)

Will be working on excel report for these live trades to see still making money and waiting for the 2 losses at double entry to recover those full individual trades +10 for profit before going back to new compounded account balance.

I have not had any replies, suggestions, programmers ... please anyone talk to me lets move this forward or progress this thread.
  • #22
  • Jul 22, 2010 6:57am Jul 22, 2010 6:57am
two more winners:

gbp/jpy double entry 7/22 10pm mst entered sell position 131.284 took profit 131.184 (+20)

usd jpy single entry 7/22 10pm mst entered sell position 86.494 too profit 86.394 (+10)

16 wins - 2 Losses 88.88%
(-147 pips for the week)

eurjpy (-109 pips double size till recovered)
gbp/jpy (-137 pips double size till recovered)
  • #23
  • Jul 22, 2010 8:39am Jul 22, 2010 8:39am
Quoting rhinocomp13
two more winners:

gbp/jpy double entry 7/22 10pm mst entered sell position 131.284 took profit 131.184 (+20)

usd jpy single entry 7/22 10pm mst entered sell position 86.494 too profit 86.394 (+10)

16 wins - 2 Losses 88.88%
(-147 pips for the week)

eurjpy (-109 pips double size till recovered)
gbp/jpy (-137 pips double size till recovered)
I know you probably already know this, but just in case I can't help saying it. If you are taking 10-20 pip profits and 150 pip losses, you are going to have a very difficult time ever being profitable long term. Is there a way for you to balance that up, even somewhat? Maybe TP at 30-40 and set SL at -75 maybe? Even then it's a tall order though.

Anyway no offense, but thought I'd share my two cents for what it's worth...
  • #24
  • Jul 22, 2010 8:49am Jul 22, 2010 8:49am
thanks tc ... great suggestion. I do agree with your thoughts ... just has been very time consuming manually backtesting this ... and forward testing with live trades. I could cut currency pairs that show a lower win % of 90% or raise the tp and compound all of the trades ... and can even recover the losses with a triple position if it loses to recover that pairs loss as the others keep hitting 10+ pips.

Maybe someone has other better stop loss ideas ... and also without this being coded I cannot see if we had a trailing profit if we could get some pairs to run and provide more pips into the winning column.

love the feed back thanks !!
  • #25
  • Jul 22, 2010 8:53am Jul 22, 2010 8:53am
Quoting TC East
I know you probably already know this, but just in case I can't help saying it. If you are taking 10-20 pip profits and 150 pip losses, you are going to have a very difficult time ever being profitable long term. Is there a way for you to balance that up, even somewhat? Maybe TP at 30-40 and set SL at -75 maybe? Even then it's a tall order though.

Anyway no offense, but thought I'd share my two cents for what it's worth...

he is right.

maybe you can scaling it in, in some way.

I havent read the file myself, maybe it is something you can use
Attached File(s)
File Type: pdf scaleoutstrategy[1].pdf   469 KB | 233 downloads
  • #26
  • Last Post: Jul 22, 2010 10:44am Jul 22, 2010 10:44am
Quoting rhinocomp13
thanks tc ... great suggestion....
For your testing, you might consider this trading simulator. I got this from "Ronald Raygun's" profile page. He recommends it, and it has helped my trading a lot. You can speed up the rate, so it's like live trading only sped up. I can trade a whole day in about 30 minutes. You may already know about it, but if not, here's the link for the download, or just check out his profile page.

http://www.forexfactory.com/attachme...chmentid=89818
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