Buy + Sell Every Candlestick EA | Forex Factory

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Buy + Sell Every Candlestick EA

  • #1
  • First Post: Jul 23, 2018 8:20am Jul 23, 2018 8:20am
Hello


I am looking for the EA to do a very simple thing.


Just open Buy + Sell after every new candlestick.


That's all i need


Thanks
  • #3
  • Jul 24, 2018 3:45am Jul 24, 2018 3:45am
Quoting MathTrader7
Hi MartinTrader, here is an EA that does what you want. {file}
Thanks for your work.

Few modifications please.

  1. Want you to rework on your algorithms a little bit
  2. Completely remove SL values from your code.
  3. Convert TP values from points to pips

Easy fix. Just that i don't have your .mq4 file

Thanks again. It seems the one am looking for

  • #5
  • Jul 24, 2018 4:07am Jul 24, 2018 4:07am
Quoting MathTrader7
{quote} You're welcome! 1. Completely remove SL values from your code. Just leave SL to be zero, it is like the SL has been removed from the code. 2. Convert TP values from points to pips. A point value depends on the user's broker digits. For a 4-digit broker, 1 point = 1 pip for EURUSD, for a 5-digit broker, 1 point = 0.1 pips for EURUSD, and for a 6-digit borker, 1 point = 0.01 pips for EURUSD. Since different users may use this EA on different brokers (and even different symbols other than Forex) let's keep it as general as possible.
Ok thanks. I know and understand that.

Please share your .mq4 file if you don't mind
  • #6
  • Jul 25, 2018 6:57am Jul 25, 2018 6:57am
Quoting MartinTrader
Hello I am looking for the EA to do a very simple thing. Just open Buy + Sell after every new candlestick. That's all i need Thanks
Very easy and simple code but you have to be very careful when it comes to choosing a good time frame.

Avoid smaller time frames. I tried this on D1 Time frame. Its not that bad.

Try this. Hope it helps.

Just a quick test on D1 Chart + 10 pips TP.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EachCandle.PNG Size: 37 KB
Click to Enlarge Name: EachCandleReport.PNG Size: 39 KB
Attached File(s)
File Type: ex4 EachCandle.ex4   8 KB | 4,381 downloads
  • #7
  • Jul 25, 2018 2:29pm Jul 25, 2018 2:29pm
Quoting Guufuj
{quote} Very easy and simple code but you have to be very careful when it comes to choosing a good time frame. Avoid smaller time frames. I tried this on D1 Time frame. Its not that bad. Try this. Hope it helps. Just a quick test on D1 Chart + 10 pips TP. {image} {image} {file}
No, You miss the very important fact.
Green line is the balance of your account, Draw Down is terrible all the time.
  • #8
  • Jul 26, 2018 12:19am Jul 26, 2018 12:19am
Quoting cowbearcar
{quote} No, You miss the very important fact. Green line is the balance of your account, Draw Down is terrible all the time.
Hello

Listen here. This is not my strategy. I am just helping here on making this EA.

This is just the quick test from my end and i don't know the main approach for this.

Read what the thread is all about, then respond

Thanks
  • #9
  • Jul 26, 2018 9:50am Jul 26, 2018 9:50am
Quoting Guufuj
{quote} Very easy and simple code but you have to be very careful when it comes to choosing a good time frame. Avoid smaller time frames. I tried this on D1 Time frame. Its not that bad. Try this. Hope it helps. Just a quick test on D1 Chart + 10 pips TP. {image} {image} {file}
Wow, thanks a lot Guufuj yessssssss.

I am sorry for such late response.

Please check your emails
  • #10
  • Jul 26, 2018 2:53pm Jul 26, 2018 2:53pm
hey guys! may i suggest some more settings, like chose the hours of trading (ie start at 8am/ stop at 8 pm and close all )?
  • #11
  • Jul 27, 2018 12:42am Jul 27, 2018 12:42am
Quoting spreadbet
hey guys! may i suggest some more settings, like chose the hours of trading (ie start at 8am/ stop at 8 pm and close all )?
You mean the addition of time filter?
  • #12
  • Jul 27, 2018 2:05am Jul 27, 2018 2:05am
yes, that s what i mean. i don t know if it can turn this EA into a winner but it sure can make it better!
  • #13
  • Jul 27, 2018 2:25am Jul 27, 2018 2:25am
That is a good idea. Start and end times every day will be great. Thanks and
Regards
  • #14
  • Jul 27, 2018 2:47am Jul 27, 2018 2:47am
Quoting spreadbet
hey guys! may i suggest some more settings, like chose the hours of trading (ie start at 8am/ stop at 8 pm and close all )?
Nice thinking but i don't think that can make any difference since the EA is purely trading based on the beginning of each candlestick


E.g; According to your time filter (8am to 8pm) is not gonna work when one is deciding to go for D1 trading.


Personally i think the best time frame is D1. Why?

  1. Because 90% of the time, all daily candlesticks got tails on top and tails on bottom and 90% of all these tails are more than 10 pips which is exactly the where profit targets are.


Guys lets look at this picture for clear understanding


Again thanks MartinTrader for such trading approach

Attached Image (click to enlarge)
Click to Enlarge Name: D1.png Size: 338 KB
  • #15
  • Jul 27, 2018 6:52am Jul 27, 2018 6:52am
This is very interesting, i did a backtest with tickdata 1D TF (precision 99.9%) here is the result:

Attached Image (click to enlarge)
Click to Enlarge Name: test.png Size: 45 KB


The idea is to set a TP of just 2 pips with a bigger lot

The big drawdown is caused by this

Attached Image


So the setting time could be in play here, by starting of the trade of the 1D candle not at 00.00 but at lets say 11am when volatity is great, more chance to have up and down!

Still 1D time frame, but not 00.00 to 00.00 but to, i don t know, 10am to 10am or 12 to 12

Is it possible to implement the time setting for test purpose?
  • #16
  • Jul 27, 2018 7:43am Jul 27, 2018 7:43am
That is why I had that in mind, a start and end time, because no volatility period could hit sl. Thanks and Regards
  • #17
  • Jul 27, 2018 7:44am Jul 27, 2018 7:44am
With 2 pips what is the lot size. Thanks
  • #18
  • Jul 27, 2018 8:15am Jul 27, 2018 8:15am
You should never begin the cycle of a strategy with a null position (hedge). This means that you have simultaneously opened and closed a position that is in negative profit. This strategy can be implemented without wasting a commission and paying the spread for a flat-opening-position simply by setting limit orders where the TP would have been. Furthermore, nothing other than limit orders are ever necessary, and you don't even use TP on the limits once they're filled because you can use CloseBy on opposing orders in the pool to save buckets of wasted money. Don't enrich your broker, enrich yourself!
  • #19
  • Jul 27, 2018 8:29am Jul 27, 2018 8:29am
at the time of D1 candle starts ,the spreads are very high,may be we need to change timings or spread filter in EA.
  • #20
  • Jul 27, 2018 12:13pm Jul 27, 2018 12:13pm
I agree with the properties of limit orders. So now this early should become two limit orders, one buy limit and one sell limit. On 1D tf hi how many pips to the limit order. I say 20 pips could be o.k. Thanks and Regards
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