simple trend method EA request, will pay

dear all,

some coder willed to code EA for this:

the system:
set buy order 30 pips above daily open (0 gmt)- will be canceled if sell opened
set sell order 30 pips below daily open (0 gmt) - will be canceled if buy opened
sl: 30 pips
tp: 3 parts, 30/60/90 pips (if 30 reached, set 60+90 to break even)

Thanks for your answer.
brgds

What do you mean? Open 3 positions at 30 pips above/below 0 GMT open and then close 1 at 30 pips, 1 at 60 pips and the last at 90 pips profit? Or open 1 order with 30 pips TP, then once TP is hit open another order with 30 pips TP, etc?

hi ..
open 3 trades, 30 pips above/below daily open

close first trade with 30 pips profit
close second trade with 60 pips profit
close third trade with 90 pips profit
after closed first trade, set second + third trade to TP breakeven.

thank you

http://www.forexfactory.com/showthread.php?t=44246

see Daily95pips

goal of this system is to break hi/low of last 17h.
"my" system is based on breaking just +30 or -30 pips of 0gmt price.
it is different. thanks anyway.

brgds

When first starting this I was like "sure, sounds simple enough, no idea what this guy wants with it but I'll get some practice".

Got some surprising results on backtesting on 1H chart over 10 years during troubleshooting.

Some minor issues, I tried to do something funky with iBarShift first but couldn't get it to work. You *have* to have the EA running at the daily open, it will only open the positions then. Also, it works by server time. If the server is in GMT that is great, otherwise you will have to start calculating. Be sure to adapt the times for DST and such.

Do you want me to post it in this thread, or PM it or whatever?

Oh yea disclaimer: I suck at coding, I probably fucked this EA up somewhere (it *seems* to work fine on strategytester for me). I am not responsible for any losses whatsoever, demo it first, know what it does, and if it does screw something up it is my fault for coding it wrong but your fault for running it on a realmoney account. You should hire a real programmer if you want to be able to blame someone if the EA blows up your $10k account due to unforeseen circumstances.

Edit: Oh yea, it doesn't have an expiration thingamagic, I really don't understand how datetime works. So basicly if the market keeps ranging between the short open and long open it's going to keep those orders open until it finally gets hit, furthermore it *won't* open new orders the next day unless you run it again with a new Magic number.

yea. post what you developed/discovered please. (in the thread)

thanks!!

Yea, I just wanted to make sure that was fine by you. BTW I quickly searched how datetime works and I think I got it right by just using integers, as long as you leave expiration on 0 it will simply use no expiration.

Edit: also let me know if you need improvements or if I screwed up somewhere, I'll see what I can do then.

I did some more testing and there are some issues:
First: Expiration is not working for me. In tester everything is working fine but when I try to demo trade my orders get rejected with invalid expiration. I could simply add a time that the EA deletes orders (For instance, it opens them at 8:00, then I simply add a check that closes them at 13:00) but I'd really like to know if MBT demo simply doesn't allow expiration, or wheter adding an int (the external Expiration integer) to a datetime (TimeCurrent()) is the incorrect way of going about it. I'm thinking it's the first, mainly because it would (should?) generate the same error in the EA tester. Perhaps changing this so that it can be used with expiration for brokers that don't allow expiration is better anyway. I don't think there's a MarketInfo check that allows me to check expiration so it would have to be changed for all brokers.

Second: The EA misses days (wasn't obvious before since it opened like 7300 orders out of 8500 days) but testing with different TP/SL levels has shown that it has issues with immediately closing next day orders the second they are opened because there's still a trade going (Yea it's stupid mistakes like these that make me a shitty coder, lol).

Both of these are super easy to fix, but I'd really like to hear from fortaleza what he would consider the best solution for this system in the second case. Simply restarting the EA every day with a new Magic number (which is WHY I put that in external in the first place) fixes this, but perhaps he wants to "set and forget" or is planning to do extensive backtesting with this thing. So should I simply close ALL orders the EA opened/pending with the current magic number (including ones that haven't hit their TP/SL that did get opened) right before the session begins, or should it use only specific criteria to determine wheter to delete the open orders (and if not modify the current Magic number so that the EA will hedge the 3 longs and 3 shorts again for this days open).

hi geek,
thanks for your effort!
let me check it and give feedback to you later today.
thanks again!!

nvm ..

geek...
i send you pm, please let us discuss on skype as i am little bit confused with the settings.

kilian...
sorry?

I coded this strategy yesterday and tested it, but it's not very profitable as in a year a $10k account ends up at only $10.2k when risking 1% of the balance. It reached a peak of $11k and a low around $9.6k.

I don't think there is any point in posting the code as the strategy is not profitable.

This EA shows completely different backtested results.

I do think there is a point in posting the code. Fortaleza requested it and if he's satisfied with the EA then that's what matters. Perhaps he's asleep during certain session opens and he wants the system to open the trades for him, so that he can take over during the day when he is available. The system could show a penny profit over a 10 year period, but if he's manually adjusting trades and closing them it's no comparison to just letting it run.

This EA is flawed anyway, as I mentioned in previous posts. I have improved it and it shows better profits now.

hi
unfortunately i wasnt able to talk to you on skype so far.

to be honest, i do not understand the logic behind the settings and your commentary of section " expert initialization function"

1. As per my understanding, following settings are necessary:

-shift hour (if server time is +2 gmt, shift hour =-2)

-order1 price long above 0 gmt (in our example =30)
-order1 price short below 0 gmt (in our example =30)
-order1 TP (in our example =30)
-order1 SL (in our example =30)
-order1 SL Breakeven after pips (in our example disabled as no BE for first trade) -order1 risk (if 1% of equity =1)

-order2 price long above 0 gmt (in our example =30)
-order2 price short below 0 gmt (in our example =30)
-order2 TP (in our example =60)
-order2 SL (in our example =30)
-order2 SL Breakeven after pips (in our example =30)
-order2 risk (if 1% of equity =1)

-order3 price long above 0 gmt (in our example =30)
-order3 price short below 0 gmt (in our example =30)
-order3 TP (in our example =90)
-order3 SL (in our example =30)
-order3 SL Breakeven after pips (in our example =30)
-order3 risk (if 1% of equity =1)

2. bot should not:
-open trades each 30 pips! (should open only based on "-orderX price long above 0 gmt")
-not forget to cancel long order if he went short and vice versa

maybe you can organize the section of the settings like above? i would be happy about it and i think there would be nothing to misunderstood.

btw, check EU;GU;GJ.. all would had made arround 200-300 pips today with this strategy.

thanks in advance

200-300 pips? You mean total for all 3 pairs?

I had it on EURUSD and only made 29*3 = 97 pips. Of course, I had the EA set on close orders if they don't hit TP/SL after 16 hours.

I have no idea how to calculate what timezone servertime is in. MQL4 functions return servertime, and it's the easiest to work with. Plus it's much simpler simply because your brokers charts are using this time aswell.

I'll explain how it works: SL/TP works exactly as you want it if the settings are 30 pips each. SL = always the number of pips for each trade specified. TP = number of pips specified for first trade, 2nd trade is TP * 2, 3rd trade is TP * 3. So with TP = 30:
Trade 1 TP = 30.
Trade 2 TP = 30 * 2 = 60.
Trade 3 TP = 30 * 3 = 90.
If TP is 60, it becomes 60,120,180.

OrderStart is at what pip move it will set the buy and sell stops. So if you have 1.3000 price at the time you specified it's: Buystop at 1.3030 and Sellstop at 1.2970.

Orders get cancelled if either of the buystops or sellstops change to an open position of buy or sell.

I have to post a new version because the one I uploaded before has no expiration settings.

The way it works now: SL 30/OrderStart 30/TP 30.
Price is 1.3000/1.3002.
Open BuyStop: 1.3030 SL:1.3000 TP: 1.3060
Open BuyStop: 1.3030 SL:1.3000 TP: 1.3090
Open BuyStop: 1.3030 SL:1.3000 TP: 1.3120

Open SellStop: 1.2972 SL: 1.3002 TP: 1.2942
Open SellStop: 1.2972 SL: 1.3002 TP: 1.2912
Open SellStop: 1.2972 SL: 1.3002 TP: 1.2882

If BuyStop position gets opened all 3 sellstops get deleted, if SellStop position gets opened all 3 buystops get deleted.

Bleah I wrote this up like 4 hours ago and couldve sworn I clicked submit reply, guess not >_<.

hi geek,

can you please confirm that I understand correct:

I changed it to 0, 0.
1: This means he will start at 0 of server time, correct?

2: SL of trade 1+2+3 is each 30 pips.
TP of trade 1 = 30 pips, trade 2 60 pips, trade 3 90 pips.
correct?

3: the most important.. the pending orders which will be set +30 and -30 pips above/below 0 server time opening, right?
4: What means magig number?

5: I set to 0. this means he do not the open positions based on pretermined lotsize, correct?

6: this means each trade have a risk of 1%, 3 trades = 3 %. correct?

7: Sorry I do not understand. Why i need to advise lotsize, when i set riskpercent to 0.5? he should automatically calculate the necessary lotsize. or not?

8: CAn you please explain? Is this option here to cancel short order if he went long and vice versa? or is this setting here to cancel all trades of none of both orders get triggered until 23.59 of same day?

another one..
9: Did you already added the option to set SL of trade 2 and 3 to breakeven, after first trade reached profit of TP 30 pips?

uf.. hope you are willed to help me..
thanks

Hey, just read your message. I think it was posted before we talked on skype, let me know if I need to write it up here or if it's all clear now.

I had one EA written for this strategy but since he managed to solve most of the issues I decided to take it out so people visiting this thread won't get confused.

hi,

geek,
yes, everything clear, thanks for skype conversation.
just one thing..
extern int TradeHour = 0;
extern int TradeMinute = 0;
.. as you know i like to use the bot based on 0gmt. so i chosed +0 gmt broker (fxcm uk) with above settings. is it possible to use TradeHour = -2 for a broker which use +2 gmt? goal: the bot use 22.00 server time (which is +0gmt)

kilian,
how were your results with this strategy.
may be you can share some experience?

thanks all