Hi all you highly skilled MT4 programmers out there,
This is an extract from a post I made yesterday in AHA's EA Factory thread: http://www.forexfactory.com/forexfor...0&postcount=31
Accrete followed up with a great reply: http://www.forexfactory.com/forexfor...7&postcount=46
and I have decided to repost here, asking if any of you gun traders out there have a little spare time to knock something together along the lines suggested.
I am sure that there are many followers of various systems out there setting alarm clocks for the wee small hours who would be eternally grateful for a simple, functional and relaible EA based trading tool that could do the job.
As noted in a further post in the EA Factory thread, my my attempts at MT4 code writing to date have been feeble and frustrating to say the least.
Thanks in advance for any and all contributions.
Mike
This is an extract from a post I made yesterday in AHA's EA Factory thread: http://www.forexfactory.com/forexfor...0&postcount=31
Quoting mfsloaneDisliked
I prefer to do my testing in real time, however I work full time and I am not always able to check the charts at the 4 hour rollover times. I would like to be able to preset my entry conditions into a custom EA and have this monitor the OPEN price of the new 4HR bar and ENTER a trade if the conditions are met.
I see this as a simple EA that would execute a single entry order if the OPEN is above/below the trend line value, set the take profit and stop loss values and then do nothing else (i.e. turn itself off and wait for me to enter the next set of entry conditions and reset the EA).
This way I will be able to assess each entry, reject those that I do not like for some reason (low Reward/Risk ratio, trend line too steep, etc) and tweak the stop and targets to fit my individual version of the system.
My ideal input parameters are:
Trade Direction: LONG/SHORT
Parcel Size: xx contracts
Trend Line Value: (xx)x.xx(xx) [I want to enter this manually; I do not want the EA to calculate any values]
Stop Margin: (x)xx pips [I also want to enter this manually; I do not want the EA to calculate any values]
Take Profit Margin: (x)xx pips [I also want to enter this manually; I do not want the EA to calculate any values]
Entry Gap Filter: (x)xx pips [if the bar opens more than xx pips away from the Trend Line Value discard the trade]
I believe that many traders who work full time (or sleep at nights!) and have difficulty being at their computers at the exact 4HR rollover times would get great benefit from such an EA, whether they are using it in Demo or Live accounts for the Mouteki system or any other system that utilises 4HR bars.Ignored
and I have decided to repost here, asking if any of you gun traders out there have a little spare time to knock something together along the lines suggested.
I am sure that there are many followers of various systems out there setting alarm clocks for the wee small hours who would be eternally grateful for a simple, functional and relaible EA based trading tool that could do the job.
As noted in a further post in the EA Factory thread, my my attempts at MT4 code writing to date have been feeble and frustrating to say the least.
Thanks in advance for any and all contributions.
Mike
