My Friends I am back from the workshop.I have put toogether an EA to scalp GBPUSD. Below is template included. Time Frame is 5 Min {file} {file} {file}
v1b uploaded
find H4 template. the EA look at H4 candle then zoom down to M5 chart
when at the end of the day ilook at chart and see there wassetup but EA does not pick a setup i see
i code it and add to ea and post update
v1b uploaded find H4 template. the EA look at H4 candle then zoom down to M5 chart when at the end of the day ilook at chart and see there wassetup but EA does not pick a setup i see i code it and add to ea and post update {file}
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Candyman752,
Is it chart should be in H4 TF now, no more M5? thanks
{quote} Candyman752, Is it chart should be in H4 TF now, no more M5? thanks {image}
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Hi Ken,
The above post i have uploaded indicators that were missing to make the template comeplete.
You need to have one chart M5 and another chart H4.
{quote} Hi Ken, The above post i have uploaded indicators that were missing to make the template comeplete. You need to have one chart M5 and another chart H4.
I am uploading differently named files to post one.
Remember this EA is strictly GBPUSD.
WHat I have done is divided the EA in to group 1 / 2 /3
This is because if at the end of the forex trading ifind there was a setup which the EA never tried>
I will code that setup. The EA can miss setups if when i looked backed at charts it had never been there for me to code.
I hope you understand.
So expect that every week additions wil be made to the EA.
I will be putting additions to group 3
{quote} i see what you meant.The missing file to be put in indicator folder. These are needed for the templates {file} {file} {file} {file} {file} {file} {file} {file} {file} {file}
M5 template expalnation
Linear Weiagted Average (short abbreviation = LWG)5 MA = LWG 25 MA on 1Min
Exponential MA 10 = EMA 50 on 1 Min called Dragon by the guys from PVSAR cygar guy thread
EMA 40 = EMA200 on 1 Min chart.
Then the boxes yellow is 12 bar which equal to 12*5 min = 1HR.
What is the highest price in the past 12 bars or last hour
Deep blue is 24 bar which is the highestprice in past 24 bars or past 2 hours.
I use the boxes for times of acumulation.
I use the moving averages for measuring pullbacks
I have put the EA's on my live account. I believe that from having gone through the cygar guy's PVSAR scalping thread and looking at all the screen shots themembers post that I have learnt the conditions and setups to scalp. Which i have coded the ones that have happened in the past. So if a similar setup from the past happens to come about the EA will open that trade but if there is a setup that has never been but then presents itself. Well we miss but if you guys can let me know or if i see it ( i will be checking every day to see what setups were missed) i will code it so it caught next time. Like yesterday the EA onlymanaged only one scalp and yet i am
seeing there were three setup opportunities it missed.
if you see a setup that was missed and you want to alert me to that. You need to post a image chart and explaination of why it should have been a setup. Mention the time and day. What i do i will just do a visual check and if i see there is potentail i will code it . Then i will do a back test. (hhhmm i could have an EA that only one setup is placed on and then also you can back test when i code and you will prove for yourselves if the setup has done well in the past.)Icould call that the setup tester EA.
I am uploading differently named files to post one. Remember this EA is strictly GBPUSD. WHat I have done is divided the EA in to group 1 / 2 /3 This is because if at the end of the forex trading ifind there was a setup which the EA never tried> I will code that setup. The EA can miss setups if when i looked backed at charts it had never been there for me to code. I hope you understand. So expect that every week additions wil be made to the EA. I will be putting additions to group 3
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Candyman752,
Thanks for sharing.
For this instance, I just need to setup group 3 EA or setup 3 chart for group1, 2 and 3 respectively?
{quote} Candyman752, Thanks for sharing. For this instance, I just need to setup group 3 EA or setup 3 chart for group1, 2 and 3 respectively? cheers kenny
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hi ken
setup 3 charts i chart has group 1 another put group 2 the last one put group 3
Alrightie here is the first setup to test. my broker is i c market. i have setup condition that appeared to me as a buy on 24 nov 2017 at 10 hrs .
test to see if it was successful in times when the same condition appeared. do a backtest is it 90 % succeess rate. how far did you backtest. use M5 time frame
Let me expalin the setup i have coded above.
On the 4 Hr chart there is a up trend. EMA 3 greater than EMA12 EMA6 greater than EMA12 and EMA 12 ggreater than EMA18.
On the 5 Min chart we see that at the start of the 4 Hr candle(08:00Hrs)
the moving averages were in down trend . EMA195 is greater than EMA94 also EMA94 is greater than EMA40 and EMA40 is greater than EMA10.
price is below 1.32800
But by 09:00Hrs price is taken up to 1.32980. From 09;00 to just before 10:00Hrs price is going above EMA94 and below it and staying below EMA195.
Which means to me that buyers are testing the EMA195 moving average
By doing this for an one hour it is called accumulation. during this period EMA10(dragon) moves up at least one pip. This to me is an indication that
buys are accumulatingin order to break the resistance. When a 5min candle closes above EMA195 a buy is sent to be opened if price goes 1pip above candle opening.
