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Trend Machine

  • #1
  • First Post: Aug 30, 2017 4:45am Aug 30, 2017 4:45am
Hi,
I have EA that was coded some time ago and whilst I think it has merit it need some fine tuning and optimisation that quite simply i don't have the time for now.
EA is called Trend machine and EA was built around GG indicator from fx-gekko which primary inputs are CCI and RSI.
I attached template > MQL4 > Terminal > Templates.
Attached is indicator GG-RSI.ex4 > Terminal > MQL4 > indicators
Attached is EA "Trend Machine" > Terminal > MQL4 > experts
Image is the EA on EURUSD 15 min chart,

EA has money management function to increase lots after loss upto 9 levels.
EA has function to stipulate the loss size before increasing lot size.
EA has time trading window as normally Asia session too flat for trend trading.
EA has trailing stop function and ability not to reverse signal (when flip from buy/sell before TP or SL is hit), useful in choppy market to avoid flipping.

Can be used on any instrument or timeframe, but shorter timeframe contains more noise.
I was looking at 15min chart using 10 pip TP and 30pip SL with X4 increase after 1 loss. Win rate is high and sequence of loss/loss is rare but it can be improved dramatically with more collaborations from FF members.

I hope someone can find it useful.
Any questions, just ask.
Attached Image (click to enlarge)
Click to Enlarge Name: TrendMachine.jpg Size: 206 KB
Attached File(s)
File Type: ex4 GG-RSI-CCI.ex4   4 KB | 824 downloads
File Type: ex4 TrendMachine.ex4   24 KB | 724 downloads
File Type: tpl TrendMachine.tpl   1 KB | 616 downloads
myfxbook DOT com/members/TopTradeBot
  • #2
  • Aug 30, 2017 5:18am Aug 30, 2017 5:18am
Attached Image (click to enlarge)
Click to Enlarge Name: brutto.gif Size: 8 KB


defULT SET
  • #3
  • Aug 30, 2017 5:19am Aug 30, 2017 5:19am
Quoting armyda
{image}
EA has not been optimised.
Hence the post. Please read it.
myfxbook DOT com/members/TopTradeBot
  • #4
  • Aug 30, 2017 5:28am Aug 30, 2017 5:28am
Quoting TradeForex1
Hi, I have EA that was coded............. EA has money management function to increase lots after loss upto 9 levels. ..........I hope someone can find it useful. Any questions, just ask. {file} {file} {file} {image}

this EA IS A "accounts wiping machine"

any EA GOES TO GAMBLING BY INCREASING THE LOT SIZE WHEN LOSS IS REPORTED THEN IT IS A TERMINATOR VXXXX
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #5
  • Aug 30, 2017 5:31am Aug 30, 2017 5:31am
Quoting Samer1970
{quote} this EA IS A "accounts wiping machine" any EA GOES TO GAMBLING BY INCREASING THE LOT SIZE WHEN LOSS IS REPORTED THEN IT IS A TERMINATOR VXXXX
Wrong. Not necessary to increase lots. Only if you want to. Some people use it for fast recovery when win rate is high. The EA contains the function to increase lots, but upto user.
Can keep lots same if needed.
This is idea of thread, to come up with best settings.
myfxbook DOT com/members/TopTradeBot
  • #6
  • Aug 30, 2017 6:10am Aug 30, 2017 6:10am
Quoting tradeforex1
{quote} wrong. Not necessary to increase lots. Only if you want to. Some people use it for fast recovery when win rate is high. The ea contains the function to increase lots, but upto user. Can keep lots same if needed. This is idea of thread, to come up with best settings.

do you know dice game using bitcoins such as the one in bitcoin space in any dice system

try to play it then to my deepest honesty belief you will understand what i am saying
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #7
  • Aug 30, 2017 6:20am Aug 30, 2017 6:20am
Quoting Samer1970
{quote} do you know dice game using bitcoins such as the one in bitcoin space in any dice system try to play it then to my deepest honesty belief you will understand what i am saying
Haven't a clue what your saying.
Ok, say a system has stop loss 10, take profit 50.
It is wrong to trade 0.1, 0.1, 0,1 0,1, 0.5??
So, each outcome has win?
Please don't confuse increasing lots with martingale steps ,1, 2,4,8,16,32. It is not the same mechanism AT ALL!
And dice has nothing to do with it, dice has odds 1/6.
Odds in EA are dynamic based on SL and TP
myfxbook DOT com/members/TopTradeBot
  • #8
  • Aug 30, 2017 6:37am Aug 30, 2017 6:37am
Quoting tradeforex1
{quote} haven't a clue what your saying. Ok, say a system has stop loss 10, take profit 50. It is wrong to trade 0.1, 0.1, 0,1 0,1, 0.5?? So, each outcome has win? Please don't confuse increasing lots with martingale steps ,1, 2,4,8,16,32. It is not the same mechanism at all! And dice has nothing to do with it, dice has odds 1/6. Odds in ea are dynamic based on sl and tp
my friend,
i am not saying that the system of the ea is wrong, each one can deal on his own responsibility.
Let me say it in forex methodology ;

i worked out the recovery strategy, it has a channel of wrong and correct trades and i will not go in details here...

But after testing it on many pairs ... It is a terminator for small accounts, ...i will make story short, the market goes wrong 17 times in one pair such as audnzd so your ea has only 9 times , in the doubling the lot size and martinage, it is not simple to say i lost 1 then i will add 2 , may be,

it is like this

assume spread is not counted = 0
i made first trade of 0.2 lot
i lost 1 trade = how many usd lets say 50 and lot size 0.2
so i need to make calculations for my next trade, it is not boom boom 0.3 , it must be calculated
50 usd = new lot size x distance i want price to move => let's say 200 points = 20 pips
then
50/200 = new lot size = 0.25 lot to have break even

oh now my 0.25 is lost and my loss is 60 usd

let's say 60 + 50 ( from 1st trade ) = 110

now my third lot = 110/200 points = 0.55 to have break even

oh i made this trade and i lost it 100 usd

ok no problem i will make my 4th trial

100+110 = 210/ 200 points = 1.05 lot wow

if i win i will get my 200 points x 1,05 = 210 usd if i lose 300 then

my account will go for equity less and less and so on

this ea is not for 500 usd nor 10,000 usd balance my friend

this ea needs at east 50,000 to kick on live


i have built many ea's not depending on indictaors and all will fail once i use the martinage OR GAMBLING THE WRONG CLOSED TRADES
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #9
  • Aug 30, 2017 6:53am Aug 30, 2017 6:53am
Quoting Samer1970
{quote} my friend, i am not saying that the system of the ea is wrong, each one can deal on his own responsibility. Let me say it in forex methodology ; i worked out the recovery strategy, it has a channel of wrong and correct trades and i will not go in details here... But after testing it on many pairs ... It is a terminator for small accounts, ...i will make story short, the market goes wrong 17 times in one pair such as audnzd so your ea has only 9 times , in the doubling the lot size and martinage, it is not simple to say i lost 1 then i will...
The problem is not your money management it is the cycle of loss sequence.
You have 17 loss trades in row, then your screwed.
Use EA 15min EURUSD, SL30, TP10
MAX number of consecutive loss=3 in last 5 years.
Means only need to use increase sequence of 4, even sequence of 3 increase will be ok, cos loss is recoverable..
So,
Lot 1: 0.1 (loss -30pips)
Lot 2: 0.4 (loss -30pips, actual -120 nett)
Lot 3: 1.6 win 160 pips nett.
In case lot 3 losses, then loss total is 310 pips.
Lot 4 can keep at 1.6 and loss from the sequence is 150pips.

Its about reducing loss sequence, then you can build money management around it.
myfxbook DOT com/members/TopTradeBot
  • #10
  • Aug 30, 2017 7:07am Aug 30, 2017 7:07am
Quoting tradeforex1
{quote} the problem is not your money management it is the cycle of loss sequence. You have 17 loss trades in row, then your screwed. Use ea 15min eurusd, sl30, tp10 max number of consecutive loss=3 in last 5 years. Means only need to use increase sequence of 4, even sequence of 3 increase will be ok, cos loss is recoverable.. So, lot 1: 0.1 (loss -30pips) lot 2: 0.4 (loss -30pips, actual -120 nett) lot 3: 1.6 win 160 pips nett. In case lot 3 losses, then loss total is 310 pips. Lot 4 can keep at 1.6 and loss from the sequence is 150pips. Its about...
you are correct
now we are speaking the same language

but keep bearing in mind that most of the traders joining the forex field are small young and they do not have enough capital to go for 1.6 or higher lots sizes so they will not be able to use this ea

all what i mean thank you for posting this ea, but it is not for small accounts

cheers and keep the good work up.
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #11
  • Last Post: Aug 30, 2017 7:22am Aug 30, 2017 7:22am
Quoting Samer1970
{quote} you are correct now we are speaking the same language but keep bearing in mind that most of the traders joining the forex field are small young and they do not have enough capital to go for 1.6 or higher lots sizes so they will not be able to use this ea all what i mean thank you for posting this ea, but it is not for small accounts cheers and keep the good work up.
Ok, lets apply PhD maths to solve problem for small trader, now they do instead:
Lot 1: 0.01 (loss -30pips)
Lot 2: 0.04(loss -30pips, actual -120 nett)
Lot 3: 0.16 ( win 160 pips nett.)

If they cant open 0.16 lots for 30pip Stop loss (risk $47), then maybe they are not for forex.
myfxbook DOT com/members/TopTradeBot
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