Random Walk Theory applying in Expert Advisor

This version is very promising, feel free to try.

Check page 1 for download link

What it has?

A) Detects trend directions -Short - Mid and Long term
B) Detects market activity based on tickvolume, so it will trade when there is a moderate volume, it will not trade when there is no or excessive volume
C) Exits and closes allopen positions when trade direction changes - so excellent for your equity
D) Exits with $10 over all profit
E) Exits with $10 Single position profit
F) Trade lot 0.06 fixed
G) SL 1000 pips - automatically closes if trend changes/opposite trade

Please do post your observation, I think I am pretty close to have the final product. Hopefully, in next 2-3 months we will be able to make it excellent for forex trading. For now, just use USD pairs.

I am using it on EURUSD H4 chart, please do not use less than H4 time frame - as it identifies trend and activity so shorter timeframe will not be good.

Update

Further update is posted on Page One .. please download the file again.

One More update - issue fixed for volume counting

Please download again from page 1

One More update - issue fixed for trade entry

Please download again from page 1

Hi Rekon,

Sorry but I have added this EA to my MT5 but there is missing some Inputs/config tab for this EA? It seems that there is missing some files in proper folder?

Is this the case with the version uploaded on page one?

Remove everything related to previous version and freshly install the updated file/folder.


You need not to provide any additional input, once successful installation the info panel should be able to show trade information and EA should be able to trade.

I will try to explain various scenarios for this EA.

A) Previous candle Volume >10000 and <20000 will confirm trade condition as "YES", otherwise there will be No Trade for the H4.

Info window not working for me
https://prnt.sc/l40skv

Not working too.

A) If there is no open position then it will show blank.
B) Put it on H4 chart.
C) Make sure using the version uploaded on page one, first post.

Same as above.

Next update

Next update will be incorporating Japanese candle stick pattren to detect potential "Trend Reversals", "Buy", "Sell" opportunities.

B) Trade Direction is changed to Buy - because Short Term Trend is Up, still no trade is placed because volume is too high - just to avoid market risk no trade is placed.

C) Low volume - therefore, no Trade, Trade direction has changed to 'Sell' as Long Term trend is down and price retraced back to resistance zone.

Trading Range is increased.

New update - issue fixed for tradeing range

Please download again from page 1

Is it still a random walk?

Yes

EA is just creating few comfort zones where it wants to go/play but it knows nothing about the market.