I see you have posted to 20+ forums in the last two hours requesting the same. I appreciate your offer to trade any EA or indicator I want in exchange for a donation. But, if the EA's or indicators offered were of any value, you should be using them yourself and you would not be broke.
Poll added. I am debating the future of this once it passes my milestones. Feedback welcome.
If EA does not pass my milestones, it will be withdrawn from public view.
If EA passes milestones, I will either continue with signal service if there is interest, or just trade myself if no interest.
If poll shows interest that folks would like to buy this EA for their personal use, I will consider making the investment to make it available for public sale. I designed this EA, but I am not a coder, so I will have to make significant financial investment to make this option happen. But I will consider it, if interest is there.
EURAUD caused a little more draw down than I care for, so I will consider not trading it. New version will give me better visibility than just a start at market open.
I am considering developing an EA for public use and purchase. Please enter your vote in the poll if interested. This version will allow autotrading based solely on market open as well as using as a a trading tool that you can use with your own indicators to channel trade, straddle trade, and news trade.
I still think the human mind is the most powerful tool in the toolbox. But, if I can get results like these with using nothing more than Market Open, imagine the possibilities...
I have started the development of an EA for public use and purchase based on this algorithm. Please enter your vote in the poll if interested. This version will allow auto trading based solely on market open (or time of your choice). It will also function as a stand alone straddle trading tool that you can use with your own indicators to channel trade times of high volatility and news. It will be announced shortly and available in the MT4 Marketplace.
I have been informed that the new EA will take a week in development and testing. The concept is simple, but the error correction code for MT4 can be complex trying to anticipate conditions.
Here is a sneak peek of what is being added:
Channel Lines and Targets will be dynamic, moving with price action in order to give the user a real time guide as to when to start the sequence or avoid bad market conditions. However, once sequence starts, the channel and target will be locked in place to remain static in the event of an MT4 or PC reboot.
Auto Trade is still time based and is left in primarily for back test purposes. Great for trading upcoming news events by setting time to setup sequence when you can't be next to the computer to start manually.
Running sequence profit/loss value. This will show how much money made or needed to recover at any point during the sequence.
No limit to how many trades can be in sequence. Martingale does not have to be used. Risk/Reward ratio can be adjusted for single trades.
Trailing stop improved to profit the most those strong breakouts.
Leverage/Equity requirements - your account must be able to handle the following based on minimum requirements:
1:500 Leverage = Approximately $1000.00 per initial lot size of .01.
Potential sequence pattern could be .01, .02, .04, .08, .16, .32, 64 and 1.28 lots in order based if 8 orders in sequence used. Most trade sequences do not require all the available orders to end in profit.
1:400 Leverage = Approximately $1200.00 per initial lot size of .01.
1:300 Leverage = Approximately $1400.00 per initial lot size of .01.
1:200 Leverage = Approximately $1600.00 per initial lot size of .01.
1:100 Leverage = Approximately $2400.00 per initial lot size of .01.
1:50 Leverage = Approximately $4000.00 per initial lot size of .01.
If your account leverage and balance is not within these limits, do not subscribe to signals.
Had some weird things happen with the news spike on USDJPY and NZDUSD with the NK missile launch. I really do not know if there is a way to code around broker's holding transmissions to MT4 platforms. Perhaps just have to accept those sequence losses during communication failures on broker side.
