Random Walk Theory applying in Expert Advisor

This thread is just a continuation of my previous work. Can we be profitable if we just enter in the market randomly without any extensive training on forex or fundamental / technical knowledge or knowing nothing about Macro/Micro economy?

Disclaimer: I used to get feedback that my contents are commercial or rather close to commercial. I used to defend that saying unless you are close to me I am not going to share actual files for free. This time I would like to start the thread with a file. If you are using it - facing trouble - you are welcome to post here. As per my past experience, I used to get lot of PMs but not a lot thread replies. I would encourage to participate and share your story without hurting each other. Let's see how we can participate in this 'Walk a Thon' and help each other more

RekonX update
File is removed, message me for any detail.

Note: You may find other downloadable files on various pages,but those are just interim versions. So dont waste your time downloading them again, Just use the version from this post,where time to time I will upload the latest version and you will be fine to use them.

Summary of Trading Strategy (You may save time here too and no need to browse through all the pages to get the summary )

A) Instrument: any USD pairs, I would prefer EUR USD, GBP USD
B) Time Frame: H4 chart
C) Installation: Just put the RekonX folder in Experts folder and use the EA from there.

D) Method: Trend & Price Actions, we will still call the trade entry random as EA wouldnot know whether this is the 100% best trade entry for profit or not.
E) Trend: Identify Short / Long term trend and set trade direction eg. 5MA is lower than 40 MA so trade direction is sell, MAs used - 1, 5, 10, 20, 40, 80 and 160, there could be 7*7 different scenarios on detecting the present H4 trend.
F) Price Actions: All major price actions for With Trend or Contra Entries,read the thread to know more
G) Market Volume: It plays a crusial role, so we detect whether based on previous candle volume (Tick) we should trade now (current H4) or not
H) Candle Volume: Whether present candle is already overbought or oversold
I) Trade Time: 4,6, 8,10, 12,14, 16,18, 20,22 - these are the trading hours - but still you apply the EA on a H4 chart for better reading of indicator data

J) Entry & Exit: Only enters when Trade Time Matches and can open-close multiple positions if H-Candle Volume and G- market Vol and F- PA and E-Trend permits, Exit is fixed at $10.

K) Do not Trade:
1. if trade hour is not in I) Trade Time
2. Last candle volume was beyond average trading range
3. Price is in Supply or Demand Zone
4. Present Candle length is beyond average Candle range

Past work
Expert Advisor which can survive for more than a year!
Rekon-X Auto Bots Expert Advisors for Forex Trading
RekonX: Trading Binary Volatilities 24 By 7
Binary Options 24 BY 5
Multi Time Frame Analysis for Spot and Binary Options
Rekon Xs and Market Scanner for Spot and Binary Options
Rekon's Binary Option Trading with M15 Chart

So,the first file which you can download is - RekonX-AutoBots.ex5 for MT5 platform.

It is running fine at my system, you may get some error messages due to various libraries I have used. I can upload them too with my assumption, but I would like to see you using it -learning it and posting back. So at the moment I just wait.

Random Walk Theory Explain

I know nothing about the place but I have to go somewhere where I can feel comfortable.

With this feeling, I start with a free mind. I go in a direction which suits me, I step back and change my direction if it does not. I take my time, I wait, then I start again.

How my trading is related to Random Walk?

Think about it. A simple step on trading fx would be loading money into your broker account and placing a 'Buy' / 'Sell' spot or pending order. So, here also we are going to do the same thing (may be, please do not offend because you are a pro trader and spends several hours to hone your fx skills by learning and knowing lot of micro things )

We would wait and decide where to go -> Buy is first or Sell is first.
Is it contradictory? If we decide first then how come it is random?
So, it is gentle walk - not running or jumping or going heyward. We are not going to do a spot entry. Rather EA will first check the short term trend (5 Minutes) and then place a trade

Trade Entries

A) BUY when 2 MA is up on 5 MA on 5 Mins TF - Pending BUY Orders (BUY STOP, BUY LIMIT) - Entry points are precoded in the EA with 0.01 lot
A) SELL when 2 MA is down on 5 MA on 5 Mins TF - Pending SELL Orders (SELL STOP, SELL LIMIT) - Entry points are precoded in the EA with 0.01 lot

Closing the trades

EA is going to open multiple positions for the active instrument, increase lot size automatically and close all positions for USD 2 overall profit.

You can call it random walk, but
It's just 2 ma's
And it kills you with range

Here is the EURUSD M5 chart where the EA is running all day long.

May be true - a super volume on the market will make it fail - but it will still save you because it is going to wait and check trade direction on regular interval and secondly,it is going to close all your open positions with minimal profit.

This snap is showing the trade intervals and direction change with profit on each position. But, remember EA closes all positions >= 2 USD

Hi is it work for mt4?

Sorry, I have not converted the script for MT4, this works only on MT5.

I do have received lot of request for MT4, but I think sooner or later people will use MT5 and above. Although, MT4 is maintaining its individuality but I think this is because lot of work has already done on MT4 and people used to MT4 do not want MT5.

If we get this EA capable of providing consistent profit, then I may code it for MT4 in future.

Equity graph for the day with ~2% profit on Equity

You may note down the In and Out ---> It opens multiple positions (Action - In), it resize the lots, it closes all positions with USD 2 profit (Action -Out). How it is managing your equity with multiple positions and how it is increasing your equity by closing all in profit.

EA Strategy

One more thing you are going to notice by reviewing the orders - There are Multiple EAs within one EA to place your orders as per situation. So yes, it starts with a simple 2 MA entry but then goes beyond.

What is fixed sl? When I backtest the expert I see not closed trades with -50-100-... pips

Each position opens with 100 pips SL and TP fixed, All positions get closed if floating PL is 100 USD, it opens max 15 positions in both directions, as per present trend, could be 10 buy with 0.50 lot, 5 sell with 0.50 lot for example.

There is a lot balancing strategy too, will explain later.
I will publish my back testing result and explain.
However, my personal take on back testing is it never assures actual result what you are going to get from market.

Looks good, do post whether it is trading or not.