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Can someone code this profitable system into an EA? 52 replies

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Can someone code me an EA - very easy system I'm testing

  • #1
  • Quote
  • First Post: Dec 7, 2018 1:52pm Dec 7, 2018 1:52pm
Hi guys,

I need some help. . I have never coded an EA before and I would like someone to discuss about an EA for a very easy trading system.

I am willing to chat on Telegram or WhatsApp whatever is easier.

Feel free to PM me.. Have a nice weekend.
I am still a NOOB!!! Damn, there goes another 10 pips!
  • #2
  • Quote
  • Dec 7, 2018 5:56pm Dec 7, 2018 5:56pm
Describe your idea here. I'll code it if it is interesting.
  • #3
  • Quote
  • Dec 8, 2018 1:44am Dec 8, 2018 1:44am
Quoting komposter
Describe your idea here. I'll code it if it is interesting.
Okay... It is based on engulfing candles, confirmation candles and Fibonacci...

I attach an example here.

If an engulfing candle forms which engulfs the body of the previous candle and it is a different direction candle, eg bearish engulfing bullish, then we wait for the next candle. The next candle must also be bearish and must close below the close of the engulfing candle.

We then draw a fiboanci retracement from high to low of the engulfing and use the 0% retracement as SL and the 200% retracement as TP. The trade would not be valid if the confirmation candle already passed the 200% retracement of the engulfing candle.

It may seem a bit confusing but can be easily explained in a video chat or something similar.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20181208-084151.jpg Size: 473 KB
I am still a NOOB!!! Damn, there goes another 10 pips!
  • #4
  • Quote
  • Dec 8, 2018 6:29pm Dec 8, 2018 6:29pm
Quoting Icebot53
{quote} Okay... It is based on engulfing candles, confirmation candles and Fibonacci... I attach an example here. If an engulfing candle forms which engulfs the body of the previous candle and it is a different direction candle, eg bearish engulfing bullish, then we wait for the next candle. The next candle must also be bearish and must close below the close of the engulfing candle. We then draw a fiboanci retracement from high to low of the engulfing and use the 0% retracement as SL and the 200% retracement as TP. The trade would not be valid if...
Are these 3 candles you talking about?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 348 KB


Sell-Limit order should be placed on the close of 3rd candle, correct?
  • #5
  • Quote
  • Dec 9, 2018 1:14am Dec 9, 2018 1:14am
Quoting komposter
{quote} Are these 3 candles you talking about? {image} Sell-Limit order should be placed on the close of 3rd candle, correct?
Hello. Yes those are the three candles that I am talking about. We are working on two versions of this system.. I would like to start with an EA of the easy version. A sell order will be opened immediately on the close of the 2nd bearish candle as long as the close of that candle is lower Than the close of the engulfing bearish candle.

SL would be at the 0% retracement level of the engulfing candle and TP would be 200%. To draw the retracement on a bearish engulfing candle i would draw the Fibonacci from the low of the candle to the high of the candle.

Once we have perfected the EA for the simple version, I would like to make another version which would place a sell limit Order. This advanced EA would use a Fibonacci from the Low of the confirmation candle to the high of the Engulfing candle with SL @ 0% AND TP @ 200%. An order would be opened as above immediately at the close of the confirmation candle but we would also place a sell limit at the 50% retracement.
I am still a NOOB!!! Damn, there goes another 10 pips!
  • #6
  • Quote
  • Dec 9, 2018 1:17am Dec 9, 2018 1:17am
Quoting Icebot53
{quote} Hello. Yes those are the three candles that I am talking about. We are working on two versions of this system.. I would like to start with an EA of the easy version. A sell order will be opened immediately on the close of the 2nd bearish candle as long as the close of that candle is lower Than the close of the engulfing bearish candle. SL would be at the 0% retracement level of the engulfing candle and TP would be 200%. To draw the retracement on a bearish engulfing candle i would draw the Fibonacci from the low of the candle to the high...
And just to confirm. On the easy version, the order is not a limit or stop order. It is market execution order. However, it can only be opened if the confirmation candle did not pass the 200% retracement of the engulfing candle.
I am still a NOOB!!! Damn, there goes another 10 pips!
  • #7
  • Quote
  • Dec 9, 2018 3:34am Dec 9, 2018 3:34am
Here is an example of a buy trade.

Engulfing candle followed by a confirmation candle that breaks the high of the engulfing candle.

SL and TP levels are indicated by the Fibonacci. This is for the simple EA.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20181209-103304.jpg Size: 532 KB
I am still a NOOB!!! Damn, there goes another 10 pips!
  • #8
  • Quote
  • Dec 9, 2018 3:37am Dec 9, 2018 3:37am
We also need to add a rule that the engulfing candle is not allowed to engulf more than three candles before. This is to avoid large news releases which cause engulfing candles.
I am still a NOOB!!! Damn, there goes another 10 pips!
  • #9
  • Quote
  • Dec 9, 2018 3:40am Dec 9, 2018 3:40am
Another rules would Need to be that on the engulfing candle, the body must be larger than the wicks.. The reason for this is that most of the move might already be finished. Here is an example of an invalidate engulfing candle.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20181209_103954.jpg Size: 324 KB
I am still a NOOB!!! Damn, there goes another 10 pips!
  • #10
  • Quote
  • Dec 9, 2018 3:47am Dec 9, 2018 3:47am
We can also look at including slippage. Example of engulfing candles and confirmation candles in times when brokers increase spread.
I am still a NOOB!!! Damn, there goes another 10 pips!
  • #11
  • Quote
  • Dec 9, 2018 10:06pm Dec 9, 2018 10:06pm
Ok, now it's clear enough. I'll write simple version for you soon.
  • #12
  • Quote
  • Dec 9, 2018 10:55pm Dec 9, 2018 10:55pm
Quoting Icebot53
Hi guys, I need some help. . I have never coded an EA before and I would like someone to discuss about an EA for a very easy trading system. I am willing to chat on Telegram or WhatsApp whatever is easier. Feel free to PM me.. Have a nice weekend.
It simply a method called "binary triumph"...you can find a pdf everywhere....
Vucking good EA coder... https://t.ly/AZjRM
  • #13
  • Quote
  • Dec 10, 2018 12:00am Dec 10, 2018 12:00am
Quoting reteid2222
{quote} It simply a method called "binary triumph"...you can find a pdf everywhere....
I did not know that. However, my strategy is based on the H4 chart.
I am still a NOOB!!! Damn, there goes another 10 pips!
  • #14
  • Quote
  • Dec 10, 2018 12:16am Dec 10, 2018 12:16am
Quoting komposter
Ok, now it's clear enough. I'll write simple version for you soon.

Thank you very much. I can't wait to test and see the results.
I am still a NOOB!!! Damn, there goes another 10 pips!
  • #15
  • Quote
  • Dec 10, 2018 2:03am Dec 10, 2018 2:03am
Good work. Learn every day. Waiting for the 1st version. Thanks and
Regards
  • #16
  • Quote
  • Dec 12, 2018 8:15am Dec 12, 2018 8:15am
Please, test it carefully
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 33 KB
Attached File(s)
File Type: ex4 eBinaryTriumph.ex4   14 KB | 287 downloads
File Type: mq4 eBinaryTriumph.mq4   6 KB | 399 downloads
  • #17
  • Quote
  • Dec 13, 2018 3:23am Dec 13, 2018 3:23am
Quoting komposter
Please, test it carefully {image} {file} {file}
Thank you I am testing as we speak and I will give feedback.
I am still a NOOB!!! Damn, there goes another 10 pips!
  • #18
  • Quote
  • Dec 13, 2018 3:34am Dec 13, 2018 3:34am
Is there any way that you can test this EA on a 6 month period on all currencies?
I am still a NOOB!!! Damn, there goes another 10 pips!
  • #19
  • Quote
  • Dec 13, 2018 3:45am Dec 13, 2018 3:45am
Quoting Icebot53
Is there any way that you can test this EA on a 6 month period on all currencies?
Why you don’t do this by yourself with the strategy tester? H4 should be easy to test and doesn’t relay to much on tick data (which would be a different task).
  • #20
  • Quote
  • Dec 13, 2018 4:02am Dec 13, 2018 4:02am
Quoting JensItzig
{quote} Why you don’t do this by yourself with the strategy tester? H4 should be easy to test and doesn’t relay to much on tick data (which would be a different task).
I want to do it myself. What my actual question should be. Can this EA be tested on all currency pairs concurrently using MT4?
I am still a NOOB!!! Damn, there goes another 10 pips!
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