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Attachments: I need an EA for my simple "Mother Candle Fibonacci System"
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I need an EA for my simple "Mother Candle Fibonacci System"

  • Post #1
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  • First Post: Mar 26, 2014 2:50pm Mar 26, 2014 2:50pm
Hi,

I need for my simple "Mother Candle Fibonacci System" an EA, could somebody code it?
please consider attachments.
Thank you very much.

Changeable options/settings EA must offer

  1. Indicator settings
  2. Magic No.
  3. Timer (trading time, true/false): from (hour/minute) to (hour/minute)
  4. Time frame
  5. Fibonacci levels
  6. No. of orders at once
  7. Min and max length of "Mother Candle"
  8. SL/BE/trailing stop & step/TP as Fibo levels (not as pips)
  9. Hide SL/trailing/TP: true/false

How it has to run (All pairs, TF=M5)

  1. Once EA recognized a mother candle (MC) using attached indicator
  2. EA must draw on chart Fibo levels incl. extensions of this MC.
  3. If the the length of the MC is min 5 pip and max 10 pip, EA must place 3 buy and 3 sell pending orders at Fibo extension 127%
  4. SL: 62% to 100%
  5. BE and closing of 1 postion: 200%
  6. Trailing: from 210% or 200%+ 1 pip, step: 1-2
  7. TP: 262% (1 position) and 462% (last position)
  8. After openning orders of one side (buy or sell), pending orders must not be deleted until another MC appears OR price reaches 262% level.
  9. OCO option (true/false)
  10. If another MC appears before any pending order gets filled, the EA must delete all orders and place new ones based on Fibo levels of the new MC.

That's it

Best regards

Attached Image(s) (click to enlarge)
Click to Enlarge Name: MCFiboSystem.jpg Size: 151 KB
Click to Enlarge Name: MCFiboSystem2.jpg Size: 98 KB
Attached File(s)
File Type: mq4 Master_Candle_v2.mq4   5 KB | 2,069 downloads
Some examples of today.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2014-03-27_194844.jpg Size: 55 KB
Click to Enlarge Name: 2014-03-27_195016.jpg Size: 53 KB
Trades of today, 28 March 14.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2014-03-28_185803.jpg Size: 99 KB
Click to Enlarge Name: 2014-03-28_170659.jpg Size: 110 KB
Click to Enlarge Name: 2014-03-28_170756.jpg Size: 121 KB
Open position of today.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-03-31_115319.jpg Size: 114 KB
AUDJPY closed at 200% level.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-03-31_183059.jpg Size: 129 KB
let us see what will happen on this USDJPY deal.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-04-01_120951.jpg Size: 123 KB
This is the Platform Tech forum.
Maybe you should ask a Mod to move your thread to Journals or Systems?
Please Do Not PM Me With Coding Enquiries
Quoting Gumrai
This is the Platform Tech forum. Maybe you should ask a Mod to move your thread to Journals or Systems?
Thank you for your recomendation. I am not trying to recommend or to convince anybody of the system or to bother anybody here.
As I started this thread I had thought it is the right forum here because I am seeking for a coder (coding=tech). maybe you can recommend somebody?

Best regards
Quoting daherxdaher
let us see what will happen on this USDJPY deal. {image}
USDJPY
TP triggered
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-04-01_161400.jpg Size: 103 KB
Quoting daherxdaher
I am seeking for a coder (coding=tech). maybe you can recommend somebody?
You could ask FerruFx (but I do not know how much he would charge, etc.) ...
PM me with coding requests and I'll probably put you on my ignore list
Quoting daherxdaher
Some examples of today. {image} {image}
Hello daherxdaher, whats a mother candle and what Indicator are you using to identify this?
Quoting shiva
{quote} Hello daherxdaher, whats a mother candle and what Indicator are you using to identify this?
Please read the first post. thank you
Interesting thread! I would like to know how to calculate TP for EA from fibonacci level too
Quoting pije76
Interesting thread! I would like to know how to calculate TP for EA from fibonacci level too
Yesm an EA on this indi based on time would be good
Daher
here is your EA
https://www.forexfactory.com/showthr...0#post10126390
Hello Daher,

A small update . it has only been a week but looks like this system you suggested is a winner.
The EA is looking like an ATM machine
Mining the pips and banking them. While keeeping draw down minimal.
Unfortunately mql5 have suspended the signal due to the number orders being opened . they say it has an adverse effect on their servers.
well as of right now having started the week on a 1000usd balance is 1098 usd and equity is 1040.
maybe will be posting that every nw and again. the setting are as you have said originally
Attached are files modified to trade the above system. Load as is OOTB
I dont code just modify what coders put together
Attached File(s)
File Type: mqh HGBnDMC core library.mqh   638 KB | 277 downloads
File Type: ex4 HGBnDnSSnFBnMCnFb.ex4   425 KB | 302 downloads
File Type: mq4 HGBnDnSSnFBnMCnFb.mq4   109 KB | 336 downloads
I have just figure out how to code
point 8. After openning orders of one side (buy or sell), pending orders must not be deleted until another MC appears OR price reaches 262% level.

Find attached adjusted EA
Attached File(s)
File Type: mqh HGBnDMC core library.mqh   638 KB | 275 downloads
File Type: ex4 HGBnDnSSnFBnMCnFb.ex4   424 KB | 262 downloads
File Type: mq4 HGBnDnSSnFBnMCnFb.mq4   109 KB | 294 downloads
I have to do some refining on the code. i have given the EA its own trading time frame and also the master and kid candles their own time frame.
For safety reasons signals are only read at the opening of a candle. so when trading time frame for the EA and master kid candles was the same i loose some signals.
but now the EA (i suggest) should be 1 min while the the master candle is 5min. What this does is allow the signal to be registered 5 times one for every minute candle in the 5 minute candle. This should make sense to coders. The other problem refined was the EA had a code for removing TP and SL when hedged. i have blocked that out.
Also pending orders were being cancelled immediately they were placed. I hope i have solved that with time frame separation. i believe this happened when a new signal was issued. if there are pending orders from old signal they are deleted and new pendings issued. so we are deleting pendings and issuing pendings at the same time. possible conflict can arise. so separating the time frames is could resolve this. other wise will have to put on four thinking caps .

oterwiise the EA performed well today
https://www.mql5.com/en/signals/327842
Attached File(s)
File Type: mqh HGBnDMC core library.mqh   638 KB | 290 downloads
File Type: ex4 HGBnDnSSnFBnMCnFb.ex4   425 KB | 303 downloads
File Type: mq4 HGBnDnSSnFBnMCnFb.mq4   110 KB | 312 downloads
Quoting candyman752
I have to do some refining on the code. i have given the EA its own trading time frame and also the master and kid candles their own time frame. For safety reasons signals are only read at the opening of a candle. so when trading time frame for the EA and master kid candles was the same i loose some signals. but now the EA (i suggest) should be 1 min while the the master candle is 5min. What this does is allow the signal to be registered 5 times one for every minute candle in the 5 minute candle. This should make sense to coders. The other problem...
Have Google search and found that my broker is cancelling pending orders due to distance limitations
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