Discipline Trader and Voice Trader EA/IND

This discussion will be about the most important rules, guidelines, and parameters that can help traders stay on track and follow their game plan. I've had to make these two tools to prevent myself from making mistakes when I am tired. I live in California USA and I trade the LONDON session, so my schedule is complete opposite of a normal Californian. Because of my dreadful timezone and desire to trade at the best times, I often find myself trading while being tired, over trading, and making trades that are not based on my strategy. Therefore,

I am building two tools:

Discipline Trader EA

Functions:
1.) Basket Profit/Loss: Close all trades if Profit value or loss value has been met
2.) A trading window: To avoid over trading and trading when you should not be
3.) Max open positions: To prevent trigger happy fingers
4.) Stop out: Max % in Drawdown before trades are closed and you are locked out

Voice Trader Indicator

Functions:
1.) Visual DD: Displays current Drawdown levels and Voice alerts when 2% 10% 20% and 30% DD has been reached.
2.) Displays Account balance, Equity, and Dollar amount of DD %
3.) Order alerts: Voice alert when trade is opened, closed, including pending- It's great if you are using an Expert Adivisor and want to know when a trade is opened or closed.
4.) Market Commentary: Over 30+ prerecorded voice alerts about news releases, market opens, common reversal times, and other useful alerts that keep me focused, awake, and following my game plan.
5.) Momentum Alert: Simple Moving average crossover/PA reaches MA

My Game Plan
Analysis begins one hour before European opens.
First trade can be entered at the Opening of Frankfurt. Max positions __
% gain or % loss will end the trading session early. Goal and Stop out in Place
1 Hour break at London Lunch Time. Review trades, relax, enjoy a break from the desk.
Stop trading at the Close of the London Open or better yet, at the closing of Frankfurt.

Lets keep it simple.
1.) Share your Game Plan.
2.) Comment on Discipline Trader EA and Voice Trader Ind.
Any feed back will be appreciated.

Latest additions to my game plan-

Firm daily-stop loss.
Patience...wait for that amazing price when your risk is minuscule..

Voice Trader IND

This could be HUGE! The demand and popularity could be astronomical.
There are a lot of EA traders out there.

In addition, if you could get a female voice actor with a soothing, calming
tone with the announcements/alerts, I would probably be less anxious while trading!

Ipndasno

Do you have any wav or mp3 creation programs or are you going to try doing it directly MT? I have posted some wav files I made a few months ago, but twee-ie removed them, some one did not like them and twee-ty would not say why. If your in need of some soft ware to create these I may be able to help. I dont have any voices just the MS Sam that comes with windows, but others are available on the net.

I attached a few here, can post more but they will most likly get removed again. the screen shots show some iCons pop ups and the zip contains a wav file done with MS Sam. as a sample

As for your MM parameters I take a different approach that is not to put myself into a position that will trigger a DD in one day that will cause me to stop trading. as for other rules 'trading while being tired' is one to stop trading.

This topic interests me but most people are not into anything that dont trigger trades. Things you mentioned here most would consider store fixtures,

Keit

edit[for some reason I had to repost the attachments]

Damn. almost forgot about this thread. Sorry Cowboy for not getting back to you.

here's the Discipline Trader EA.



Functions are VERY Straight forward. but if you have questions, put them here.

mp3 creation - Some ATT voice generator with Female Voice =)
Agreed. Most traders are focused on the entry and that is it.

I haven't finished up the voice trader yet. Its turning into a huge project and a lot of alerts. Its like a trading partner keeping me in check. I hope to finish it in the next 5 years. lol

Basket Profit – Once your equity is greater than the account balance by X, All trades are closed
Basket Loss – Once your equity is less than the account balance by X, All trades are closed
Time Filter – True: Positions can only be opened during Set Hours. Trades will automatically close before and after Set Hours
Time Begin – Hours are based on Broker’s Time: I started to trade at 6 AM . Please choose your Trading Time Zone
Time End – Hours are based on Broker’s Time: I stopped trading at 5pm. Please choose your Trading Time Zone
Total Orders Max – If open positions are greater than X, ALL Trades will close automatically preventing over leveraging
DD – Draw Down amount is based on percentages. If Equity is less than X Percentage of account balance, all trades will close automatically preserving your risk Capital. For example, Only Risk 2% of your Account balance

The StopOut is in PIPS and NOT DOllars. SO if you would like a fixed stoploss entered on all trades, use the StopOut Value.

enjoy.

Hey, I accidentally uploaded an old testing version. Please Download this version

The other ex4 file has a bug related to the STOPOUT function.

This interests me and I will give it my attention.

Meanwhile, thanks for making this.

thanks

love ur quote -- It is the mental part that is difficult.

Ok here is the basic version of the Voice trader with Drawdown figures.

when a new order is opened, you'll get an alert. No wave files added in this download so its just the standard Alert.wav from Mt4

This is an indicator, and not an EA, therefore put it in the correct folder.

the indicator will display balance, equity, at what dollar amounts = certain DD %
and the free margin - All is displayed in the indicator window and not on the chart.

enjoy

I run black background charts, easier on the eyes for me.
As I don't have the .mq version, I would like you to make the color for the balance white.

i've added color options for all texts. good idea!

Thank you.

Much better !!!

Wish list:

make it available for the main window

put the left colums exactly below eachother

have only a 2, a 5 and a 10% range (20 & 30 is too much anyhow)

make FreeMargin 2 words

Pretty pretty please, sir ??

Thanks again.

PS: if I had the .mq, I might be able to do it myself

I'll look for the source code and upload it.

Hi.

Is there any chance to add

Max open order / pair.
Max lot size / pair.

Thank you.