Help Needed to Debug Existing EA with proven strategy

I believe your strategy is based on getting the direction right. If the direction is right all is great!

I believe you would enter a Buy EA at a Support level. I agree its a good idea. The problem is when the market breaks the support and just keeps falling. Same situation with the Sell Trade.

Let me try again to explain what the EA supposed to do with detailed examples:

I will use the Buyer EA to explain here using the settings at post 4, for the Seller, just apply the opposite logic.

When it is turned on, it will immediately open a First Order (buy) of 0.01 lot at market price. Assuming the market price is 100.00, the EA would open a First Order (buy) of 0.01 lot & SL set at 99.85, at the same time, it will immediately open two buy stops pending orders at 100.15 and 100.30.

Scenario 1: If the prices goes up as we had predicted, the EA must keep replacing the triggered buy stop pending orders so that there are always two buy stop pending orders standing by. Say for example the price moved up to 100.15 and triggered the 100.15 pending order, the EA must immediately issue another buy stop pending order at 100.45 and if the prices keeps going up and triggered the 100.30 pending order, the EA must immediately replace it with a 100.60 buy stop pending orders and so on and on ... The EA must at all times monitor the Universal TP level and if the TP is hit, the EA must close up ALL the opened trades including the 0.01 lot First Order and also delete/close all the untriggered pending orders and thereafter, start all over again.

Scenario 2: The prices goes down without triggering any of the two buy stop pending orders and lets say the price went down to 99.85 and hit the SL of the First Order - then the EA must immediately close up the two untriggered pending orders of 100.15 & 100.30 and thereafter, immediately reissue a fresh First Order of 0.01 (buy) at 99.85 with a SL set at 99.70 and then reissue two fresh buy stop pending orders at 100.00 and 100.15. Assuming the prices keeps going down and the fresh First Order SL was hit at 99.70, then the EA must close up the two pending orders at 100.00 & 100.15, reissue another First Order (0.01 lot buy) at 99.70 with SL set at 99.55 and then issue two fresh pending orders at 99.85 & 100.00 and so on and on and on....

Scenario 3: (A continuation of Scenario 2 above) At the end of Scenario 2 above, lets say the price reversed at 99.60 without hitting the SL of the First Order (which was set at 99.55) and started to go up again and it triggered the nearest buy stop pending order at 99.85, the EA must immediately replace the triggered pending order with another fresh buy stop pending order at 100.15 and if the prices keeps going up and triggered the next pending order at 100.00, the EA must immediately replace it with a fresh one at 100.30 and so on and on until the preset TP value is hit and the EA must close up all the untriggered pending orders and start all over again.

Scenario 4: This is the most complicated scenario and this is where the bug is because the EA fails to deal with this scenario and hence, defeating the whole logic of the strategy. Assuming again the market price was 100.00 when the EA was turned on and that the price initially goes up and triggered the nearest buy stop pending order set at 100.15 and the prices keeps going up and the second buy stop pending order set at 100.30 was also triggered (the EA would have replaced these two pending orders with two fresh ones at 100.45 and 100.60) so at this stage we would have 3 opened buy trades - the First Order of 0.01 lot at 100.00 and two 1 lot buy orders at 100.15 and 100.30. Now, before the preset TP value could be reached, the price suddenly reversed and goes down and it keeps going downwards until it hit the SL of the First Order which has been set at 99.85 - (this is where the BUG is as it fails every time to do all of the following ) - the EA must do all of the following:

a. Immediately close up the two buy stop pending orders at 100.45 and 100.60
b. Immediately reissue a fresh First Order at 99.85 (SL set at 99.70)
c. Immediately issue the fresh buy stop pending orders at 100.00 and 100.15
d. Continue to monitor the Universal TP

At this stage, we would have 3 opened buy orders of 0.01 lot at 99.85, 1 lot at 100.15 and 1 lot at 100.30.

Let us assume that the prices keeps going down and hit the SL of the fresh First Order at 99.70, then the EA must do the following:

a. Immediately close up the two buy stop pending orders at 100.00 and 100.15
b. Immediately reissue a fresh First Order at 99.70
c. Immediately issue the fresh buy stop pending orders at 99.85 and 100.00
d. Continue to monitor the Universal TP

At this stage, we would have 3 opened buy orders of 0.01 lot at 99.70, 1 lot at 100.15 and 1 lot at 100.30.

If the price keeps going down and the SL at 99.55 is hit, the EA MUST keep repeating the above step - there MUST be an opened First Order (together with the two new pending orders) AT ALL TIMES - if the EA fails to do so, the whole logic and strategy is defeated.

Scenario 5: (A continuation of scenario 4 above) Lets assume that at the end of scenario 4 above, the price reversed at 99.60 (without hitting the SL at 99.55) and changes direction and started to go up again and it triggered the nearest buy stop pending order at 99.85, the EA must immediately replace that with a new buy stop pending order at 100.15. So, at this stage, we would have 4 opened buy orders of 0.01 at 99.70, 1 lot at 99.85, 1 lot at 100.15 and 1 lot at 100.30 and also two buy stop pending orders at 100.00 and 100.15. Assuming the price continues to go up and triggered the next pending order at 100.00, the EA must then replace it with another at 100.30. A this stage, we would have 5 opened buy orders of 0.01 lot at 99.70, 1 lot at 99.85, 1 lot at 100.00, 1 lot at 100.15 and 1 lot at 100.30 and also two buy stop pending orders at 100.15 and 100.30. Lets assume that the price keeps going up and triggered the next pending order at 100.15, the EA must replace it with another fresh one at 100.45. So at this stage, we will have 6 opened buy orders of 0.01 lot at 99.70, 1 lot at 99.85, 1 lot at 100.00, 1 lot at 100.15, another 1 lot at the same price of 100.15 and 1 lot at 100.30. As can be seen that in such a scenario, there could be more than two opened orders at the same price/level - in our example here both were opened at 100.15. And so on and on and on until the preset TP value is reached and the EA will close up all the opened 6 trades and also the two untriggered pending orders and start all over again.

I will post this first before continuing on to Scenario 6.

Thank you so much Philip to take the time and effort to post and clarify a lot of thing. I will wait for the Scenario 6. I believe it is a good idea to put all these details in your Post # 1 for other members who visit this thread.

I hope you don't mind my posts and questions on this thread. I am just always trying to learn and help. I always look at any strategy with an open mind and I get into every detail and possibility of it before I make any conclusions. I am always neutral to the possibility of any system to work until proven.

Thanks again for all your effort.

Just to give perspective to this and so that it helps understanding this better...what would you set your TP amount to? This will help to discuss an analyze different possibilities even better.

Also is the 15 pip (SL and range) your standard for all 23 pairs?

1 more question:

What is your definition of the "Universal TP"? I believe you would start the EA on multiple pairs at the same time. For some pairs you will start Buy EA, for some pairs you will start Sell EA. Is your universal TP sum total of all the EAs? Or are you referring to the TP generated from a certain pair / certain EA?

Philip-

I am not able to PM you. I guess you might have turned it off. I need to PM you something that I prefer to not say it in the public forum. Can you PM me please?

Here test it yourself..
It is not fully automatic..
You decide when to BUY or SELL..
if you think you want to buy .. just change the EA menu settingset BUY=true;
if you think BUY no longer valid.. BUY=false; (All open and pending buy order will be close)

I put expired date until next week.. 7-4-2018

Hi Yalgaar,

Quote from Yalgaar,

"I am sorry I still do not see the edge here. I doubt I am missing something. Following is the case which I don't think is a rare condition and it will incur big losses.

You enter a buy trade....the price moves up by 30 pips and triggers both your Pending Orders....now the price goes down 45 pips. This will close your first order and create new first order (as per your requirement) and also create 2 more Pending Orders. Now the price gores back up 30 pips and triggers both the new Pending Orders...and now the price falls down 200 pips!!!

At this point you will have total of 4 Lots of Buy Orders...each losing 200 pips, 185 pips, 170 pips and 155 pips respectively!

Let me know if I got anything wrong here?"



Yes, Yalgaar, you got it spot on.

Yalgaar, I have never claimed that this is a fool proof system. As you have clearly grasp it now and clearly appreciate the fact that it can be a very effective tool especially when one does his homework properly before employing it and yes, I always look at the closest support/resistance levels when deciding whether to employ the Buyer or the Seller and I always use the D1 time frame (not anything lower) and honestly & seriously, there must be something seriously wrong with one filtering process/method if one is caught by the scenario you described above - as this strategy can be applied to all of the 23 pairs, one has plenty of choice, just don't trade that pair if there is any doubts at all. Also, I would never set the depth at 15 pips in a pair as volatile as you had described in the scenario - I will set at least between 20 to 30 pips for volatile pairs like GBPJPY.

Again, Yalgaar, this is precisely why I do not wish to proceed to a fully automated EA at this stage. I want that two separate EA perfected so that I can employ it as a tool, not as a set-and-forget EA as many here are obviously hoping this to be. My interest of this to be turned into a fully automated system goes as far as toying with it and nothing more and would never apply it in a live account. But if the two EAs as two totally separated EA could be perfected, I will use it (as a tool and not as a set-and-forget EA) to trade all of my live accounts with no hesitation whatsoever as it affords additional flexibility in particular in a situation where one is not so confident with the entry point

Yalgaar, are you a coder? Could you help iron out the bug for me - as you have clearly grasp and appreciate its potential application (and its weakness) - you yourself could use it for your personal trading once it is perfected? Just curious as a non-coder - is it really that difficult to identify and iron out the bug???

Since Yalgaar had already clearly grasp the logic behind this EA, I won't bother describing the 6th scenario as the 5 scenarios I had described above are more than suffice for anyone at all to grasp the logic behind this EA.

Yalgaar, I will allow PM after this post and for Tictac & others, can I stop here first as I am very tired now and need to go to attend to my kids who are crying out for my attention before going to bed. But rest assured, I will answer to every post here. Thank you all for the interest shown.

If your EA isn't closing trades then the bug is obviously in the CloseAll function. In fact all of the order pool loops have a bug since they are asking the orderselect function for a non-existent order. i.e.
should be

Anyway... just replace the CloseAll function in your EAs with this this one.

Hi Nicholishen,

Thank you so much for the contribution but as I have stated earlier, I have absolutely zero knowledge in coding and so, I am in no position to commend on your recommendation.

Hi Tictac-nur,

Once again, thank you so much for coding the EA and I will try it in another fresh demo account to see if it does trade according to the strategy as stated herein.

Will share the results & point out the bugs (if any).

With the new EA coded by tictac-nur, I think I will not continue with the original demo account as its purpose of demonstrating the potential of the EA has already been fulfilled - it serves no purpose to continue with it as the EA is ruined by the bug and its very tedious to continue with the test with the bug-riddled EA.

I would like to concentrate on testing tictac-nur's EA when market opens on Monday and hope that the EA can apply the strategy faithfully as I had intended it. We will see.

I will use the same universal settings as per my post 4 for all the 23 pairs - the purpose of the test is to push the EA to the max limits to see its potential and to test the validity of the strategy - the depth setting of only 15 is definite not suffice for volatile pair such as gbpjpy (you need at least 20 to 30) but as I stated, its purposely done that way to test the EA to the max.

Thanks Philip Lee and tictac-nur.
@ Philip Lee: What demo amount do you start by 23 pairs?

Hi Kofix11,

I will start demo Tictac-nur EA tomorrow with $100,000 in a standard demo account which actually simulates $1,000 in a micro/cent account ($100,000 in a standard account equals $1,000 in a micro/cent account). I am sure everyone here can afford $1,000. So, it's very realistic.

since the brokers doesn't allow micro/cent demo account

Thanks, and how do you descide to go long or short?
Have you a profit level where you stop trading if reached?

Hi Kofix11,

The settings for the Demo testing is as per my post 4 - the settings is used universally throughout the 23 pairs.

I just roughly guess where the direction will be heading for the next 24 hours using the Bollinger Band, STOCH, candle pattern and observation of resistance/support levels. Just rough eye-balling really - since this is a demo and one of the purposes of the test is to push the EA to the limits, so I am very casual in my filtering process - it took me less than 10 minutes really to decide on all of the 23 pairs whether to employ the Buyer or the Seller for each particular pair. But in real live account, I'd do far more in-depth research before deciding whether to employ the Buyer or the Seller for the next 24 hours. Hope you understand. This is not supposed to be a fully automated set-and-forget EA.

A fresh $100,000 demo account started for the testing of tictac-nur new EA.

So far so good - the EA fires away speedily and all the stop pending orders were issued properly - will report tonight after work.

Please understand that I have a full time job and 5 kids. So, I don't have all the time to be engaged here but I will report as often as possible.

Cheers!