Looks like this will work a treat with the DeMark Trendline indicator trader.....how would you go about setting up two closes, one for buy and one for sell? You can't name two lines the same i.e. tclose-
This is very advance version and very powerful
300 lines of code
with trailing stop and random entries and take profits
it get continuing buy sell order for high frequency trades
(ptbuy, pcbuy,ptclose,pcclose ) it means permanently
I dont get the time right now to explain how it works, put practice it
in the strategy tester (the same line description like the
first one)
Ignored
Thanks for updated version! I will mess with it and try to figure out how it works and keep my eye on this thread for more info.
Looks like this will work a treat with the DeMark Trendline indicator trader.....how would you go about setting up two closes, one for buy and one for sell? You can't name two lines the same i.e. tclose-
Awesome tho can't wait to test it
MR P
Ignored
At the top of the thread I explain how to use the EA pls read it
tclose, topen etc it must be stated in the line's dljbox under
description not under name
To trade efficient with the tool just use 15 min and 5 min charts and base your moves on price action
We use an old theory of Tobby Crabel “Day Trading With Short Term Price Patterns “ this book does not exist any more he took it out of the market the begin of 80's “ copies can be found through Ammazon but are very expencive,the other book that influence our trading is “PRICE CHARTS Bar by Bar” from Al Brooks
instructions !!
This EA will work with horizontal lines and trend lines and will close and open trades according to them. You tell EA what to do by using proper description to each line. EA has parameters defining how to set description for the lines:
- BuyTouchDescription - when line will have this description (default "tbuy-") then when price will touch this line then EA will open buy trade. After "-" sign you set position size for a trade, so when for example you will set...
can you give an example? the setup for a line should be only in the decription field or on name, or both? I tried all and still got that error
2012.05.22 17:59:42 TrendLine_trade_EA GBPCADm,M5: Sell order open after trendline line touch, err:4051
2012.05.22 17:59:42 TrendLine_trade_EA GBPCADm,M5: invalid lots amount for OrderSend function
2012.05.22 17:59:42 TrendLine_trade_EA GBPCADm,M5: initialized
and after we comeover this problem, then please,-does the EA can manage two oposit setups? like one for Buy and one for Sell?
can you give an example? the setup for a line should be only in the decription field or on name, or both? I tried all and still got that error
2012.05.22 17:59:42 TrendLine_trade_EA GBPCADm,M5: Sell order open after trendline line touch, err:4051
2012.05.22 17:59:42 TrendLine_trade_EA GBPCADm,M5: invalid lots amount for OrderSend function
2012.05.22 17:59:42 TrendLine_trade_EA GBPCADm,M5: initialized
and after we comeover this problem, then please,-does the EA can manage two oposit setups? like one for Buy and one for Sell?
thanks
Ignored
I cant understand how you get the errors
today we open 12 position with out any errors
can you give an example? the setup for a line should be only in the decription field or on name, or both? I tried all and still got that error
2012.05.22 17:59:42 TrendLine_trade_EA GBPCADm,M5: Sell order open after trendline line touch, err:4051
2012.05.22 17:59:42 TrendLine_trade_EA GBPCADm,M5: invalid lots amount for OrderSend function
2012.05.22 17:59:42 TrendLine_trade_EA GBPCADm,M5: initialized
and after we comeover this problem, then please,-does the EA can manage two oposit setups? like one for Buy and one for Sell?
thanks
Ignored
in case you use micro lots put like tbuy-0.1 = 0.1 of a LOT tbuy-0.15 =0.15 of a lot tbuy-1= 1 lot and so on you can close partial your position if you want it so, fx if you get 0.3 of a lot and you want to close ½ of your position in the exit line just write tclose-0.15 it will close ½ of your position
If you want to enter after a bar close you must write cbuy-0.3 and if you want to exit the market after bar close just write cclose- it close everything or cclose-0.3 it close 0.3 of a lot fx
in case you use micro lots put like tbuy-0.1 = 0.1 of a LOT tbuy-0.15 =0.15 of a lot
tbuy-1= 1 lot and so on you can close partial your position if you want it so fx if you get 0.3 of a lot
and you want to close ½ of your position in the exit line just write tclose-0.15 it will close ½ of your position
If you want to enter after a bar close you must write cbuy-0.3 and if you want to exit the market after
bar close just write cclose- it close everything or cclose-0.3 it close 0.3 of a lot fx
the really powerful thing in this EA is the pbs- if you use it correct you dont need to predict the market
I very much like the idea of this EA, however a concern: What happens if i have say, a tbuy-0.5 trendline.
The price then dips down and touches it, the EA then opens a 0.5 buy. The price then goes up 5 pips, and then comes back down and touches the line again, will it then open another 0.5 trade? Quite often in a highly compressed market the price can touch a trendline 4 or 5 times in a 5 minute period before heading off in a direction. Is there anything to prevent this?
Or even worse, what if the price then begins to hover around your line going up and down triggering the buy each time, before you know it you could have 20 trades open and your entire equity into open long trades.
I very much like the idea of this EA, however a concern: What happens if i have say, a tbuy-0.5 trendline.
The price then dips down and touches it, the EA then opens a 0.5 buy. The price then goes up 5 pips, and then comes back down and touches the line again, will it then open another 0.5 trade? Quite often in a highly compressed market the price can touch a trendline 4 or 5 times in a 5 minute period before heading off in a direction. Is there anything to prevent this?
Or even worse, what if the price then begins to hover around your line...
Ignored
after the entry the trend line is deactivated so it doesn’t matter how many times your line is touched by the market there will be no new entries, to reactivate the same line, open the trendlines dlgbox
in the description you will see “ executed-tsell-0.3” erase it and write the new order
after the entry the trend line is deactivated so it doesn’t matter how many times your line is touched by the market there will be no new entries, to reactivate the same line, open the trendlines dlgbox
in the description you will see “ executed-tsell-0.3” erase it and write the new order
I very much like the idea of this EA, however a concern: What happens if i have say, a tbuy-0.5 trendline.
The price then dips down and touches it, the EA then opens a 0.5 buy. The price then goes up 5 pips, and then comes back down and touches the line again, will it then open another 0.5 trade? Quite often in a highly compressed market the price can touch a trendline 4 or 5 times in a 5 minute period before heading off in a direction. Is there anything to prevent this?
Or even worse, what if the price then begins to hover around your line...
Ignored
I suggest to try it on strategy tester that’s how we train our new traders as well, this is also a good training tool and I warranty that in a month you will see improvements on your trading skills
I suggest to try it on strategy tester that’s how we train our new traders as well, this is also a good training tool and I warranty that in a month you will see improvements on your trading skills
Could you please add an adjustable pre-set fixed Stop Loss for the TrendLine_trade_EA when it opens a trade ? eg. Xpips away from any touch/close point everytime it opens the trade. Thanks
BROKENGLISH
