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Bollinger BB8020 Trading Discussion

  • #61
  • Nov 28, 2019 1:26am Nov 28, 2019 1:26am
Quoting candyman752
Hello fellow traders, Special mention to merlin and quinqamp. The race is on. Trade explorers have opened and now we observe for performance.{file}{file}{file} I am confident with these bots because 1- Signal is based on determining trend from Daily chart. 2- Adding positions has three tiers or levels. first level tier open trades is still following trend every 3 hours second level tier open trades if market retraces from trend by 20 pips third tier level open a grid on assessing if a breakout has been signalled by price build up. This latest version...

Hello candyman! Are these 3 tools place in MQL4 Expert folder? Are these tools put in one chart or it has its own individual function? Thanks for your reply.
  • #62
  • Nov 29, 2019 8:41am Nov 29, 2019 8:41am
they are all eas, i suggest you test the previous version drop rally . they need to put in different chart for different pairs.
  • #63
  • Nov 29, 2019 9:15am Nov 29, 2019 9:15am
Quoting candyman752
Have added code where you can input trailing digits as to what you comfortable with{file}{file}{file}
What’s the result of these 3? Have any trading history or need to check manually?
  • #64
  • Nov 30, 2019 1:28am Nov 30, 2019 1:28am
Quoting NeilWagner
{quote} What’s the result of these 3? Have any trading history or need to check manually?
they have turned out to be disaster
  • #65
  • Edited 4:26am Nov 30, 2019 1:30am | Edited 4:26am
Scripts to open Pending order's
Attached File(s)
File Type: mq4 Send_03_Buy_Pending.mq4   5 KB | 230 downloads
Attached File(s)
File Type: mq4 Send_03_Sell_Pending.mq4   5 KB | 250 downloads
Attached File(s)
File Type: mq4 Send_05_Buy_Pending.mq4   5 KB | 257 downloads
Attached File(s)
File Type: mq4 Send_05_Sell_Pending.mq4   5 KB | 273 downloads
Attached File(s)
File Type: mq4 Send_08_Buy_Pending.mq4   6 KB | 258 downloads
Attached File(s)
File Type: mq4 Send_08_Sell_Pending.mq4   6 KB | 224 downloads
Attached File(s)
File Type: mq4 Send_08_Sell_Pending.mq4   6 KB | 224 downloads
Attached File(s)
File Type: mq4 Send_12_Buy_Pending.mq4   7 KB | 269 downloads
Attached File(s)
File Type: mq4 Send_12_Sell_Pending.mq4   7 KB | 286 downloads

The inputs are very flexible.
you can state currency pair
the lot size
the entry price
the gap between pendings
also can tell it how many trades are already there
can input the magic number
can input trade comment
  • #66
  • Edited 8:37am Nov 30, 2019 8:17am | Edited 8:37am
The above pending order scripts and the below trade manager EA are the tools I will be using for trading
Attached File(s)
File Type: mq4 _MgcNo333.mq4   106 KB | 264 downloads
Attached File(s)
File Type: mq4 _MgcNo335.mq4   106 KB | 240 downloads
Attached File(s)
File Type: mq4 _MgcNo338.mq4   106 KB | 260 downloads
Attached File(s)
File Type: mq4 _MgcNo775.mq4   106 KB | 254 downloads
Attached File(s)
File Type: mq4 _MgcNo777.mq4   106 KB | 250 downloads
Attached File(s)
File Type: mq4 _MgcNo778.mq4   106 KB | 239 downloads
Attached File(s)
File Type: mq4 _MgcNo995.mq4   106 KB | 251 downloads
Attached File(s)
File Type: mq4 _MgcNo998.mq4   106 KB | 273 downloads
Attached File(s)
File Type: mq4 _MgcNo999.mq4   106 KB | 252 downloads

An explanation of the above trade managers,
files with 33 are for managing trades you expect price will not burst but will be slow moving. Break Even profit 2 pip start at 6 pip trail 3 pip
files with 77 are medium type of price movement break even profit 2 pip start at 6 pip trail 6 pip
files with 99 are long term break even profit 10 pip start 20 pip trail 25 pip

if file end in 8 it manages buys only
if file ends in 5 manages sells
and if file has all three numbers the same it manages both buy and sell
  • #67
  • Nov 30, 2019 8:30am Nov 30, 2019 8:30am
Quoting candyman752
{quote} they have turned out to be disaster
Very sad; but I see you added the 6 tools; let me check!
  • #68
  • Nov 30, 2019 8:38am Nov 30, 2019 8:38am
Quoting candyman752
{quote} they have turned out to be disaster
because you add too much positions for each pairs. i know you want to make more profit, but this add more orders can not make well.

what i see good ea performance average for 5-10 % each month.more profit will be kill itself.
  • #69
  • Nov 30, 2019 10:43am Nov 30, 2019 10:43am
Quoting merlin1331
{quote} because you add too much positions for each pairs. i know you want to make more profit, but this add more orders can not make well. what i see good ea performance average for 5-10 % each month.more profit will be kill itself.
Over trading is really dangerous; and no doubt- without following the rules of money management there is no way of consistency!
  • #70
  • Dec 1, 2019 5:32am Dec 1, 2019 5:32am
Hi Merlin & Neil,
Thank you for your analysis.
I blundered in the recent trades I opened on the live account. need to find a way to save them.
I will be trading live in order to record the decision processes I go through as I trade. If those processes prove successful.
I will restart coding a bot. Look at my demo trading its awesome. Trade explorer Basket Ty. Demo trading is easy but live is another mix.
Let journal the latest mistake I made,
1- I read on ff that EurGbp is about to bounce I went and opened trades galore. Solution when trading make your own analysis avoid checking for others opinion because bias is to confirm the wrong trades you have made.
2- Opening 4 charts one go on mt4 and then have them open all at once to see skew or blurs where the price in relation to the overall big picture. solution
only have one chart being viewed at a time.
3- avoid sitting and starring at chart non stops. best to check every 15 minutes or have indicator alert
  • #71
  • Dec 1, 2019 9:55am Dec 1, 2019 9:55am
Quoting candyman752
Hi Merlin & Neil, Thank you for your analysis. I blundered in the recent trades I opened on the live account. need to find a way to save them. I will be trading live in order to record the decision processes I go through as I trade. If those processes prove successful. I will restart coding a bot. Look at my demo trading its awesome. Trade explorer Basket Ty. Demo trading is easy but live is another mix. Let journal the latest mistake I made, 1- I read on ff that EurGbp is about to bounce I went and opened trades galore. Solution when trading make...
too complex, you use line 80 20 line, set numline 2 , and in your chart there are two lines, most big support and resistance will be break at these two lines around. and most buyers or sellers will be occure in these lines around, if you can find a trend reversal signal in these lines around, you will pinpoint a good entry, and make a big profit. normally , it trades not much , but more accuracy. it is a trick.
  • #72
  • Dec 1, 2019 9:56am Dec 1, 2019 9:56am
Attached File(s)
File Type: mq4 Lines_8020.mq4   3 KB | 352 downloads
  • #73
  • Dec 1, 2019 1:37pm Dec 1, 2019 1:37pm
Quoting merlin1331
{quote} too complex, you use line 80 20 line, set numline 2 , and in your chart there are two lines, most big support and resistance will be break at these two lines around. and most buyers or sellers will be occure in these lines around, if you can find a trend reversal signal in these lines around, you will pinpoint a good entry, and make a big profit. normally , it trades not much , but more accuracy. it is a trick.
i read the code . its a trick for sure
  • #74
  • Dec 6, 2019 2:12am Dec 6, 2019 2:12am
Tried and tested. Working OK
Attached File(s)
File Type: mq4 Send_12_Buy_Limits.mq4   11 KB | 254 downloads
Attached File(s)
File Type: mq4 Send_12_Buy_Pending.mq4   11 KB | 245 downloads
Attached File(s)
File Type: mq4 Send_12_Sell_Limit.mq4   11 KB | 230 downloads
Attached File(s)
File Type: mq4 Send_12_Sell_Pending.mq4   11 KB | 259 downloads

Sends up to a maximum of 12 pendings. You can tell it how many pending orders to send at what price and the space between the pendings
  • #75
  • Dec 6, 2019 2:55am Dec 6, 2019 2:55am
Hello candyman! thanks for this tool, i will try testing this tool. i'm new trader and i have question, can we set a trailing stop or its separate tool? Hope you understand my simple language. Thanks.
  • #76
  • Dec 6, 2019 9:34am Dec 6, 2019 9:34am
Quoting jeralddesign
Hello candyman! thanks for this tool, i will try testing this tool. i'm new trader and i have question, can we set a trailing stop or its separate tool? Hope you understand my simple language. Thanks.
Hi Jerald, those are scripts. The ones I have said open pending orders. But the pair manager which I will up load now does what you ask
  • #77
  • Edited 9:57am Dec 6, 2019 9:44am | Edited 9:57am
This is one EA trade manager been wanting to do for some time. It is able to manage each trade . To put break even and then trail the trade. Then also it is able to trail the equity for the pair you are trading. Maybe you want to also trail the buys on their own or the sells it can do so. I have tested it and it is working
Attached File(s)
File Type: mq4 _Manage_Pair_Equity.mq4   247 KB | 243 downloads

The beauty of it also is it does not eat up the computer cpu processing.
  • #78
  • Dec 6, 2019 10:09am Dec 6, 2019 10:09am
Quoting candyman752
This is one EA trade manager been wanting to do for some time. It is able to manage each trade . To put break even and then trail the trade. Then also it is able to trail the equity for the pair you are trading. Maybe you want to also trail the buys on their own or the sells it can do so. I have tested it and it is working{file} The beauty of it also is it does not eat up the computer cpu processing.
Thanks for this.
  • #79
  • Dec 6, 2019 10:26am Dec 6, 2019 10:26am
Quoting candyman752
This is one EA trade manager been wanting to do for some time. It is able to manage each trade . To put break even and then trail the trade. Then also it is able to trail the equity for the pair you are trading. Maybe you want to also trail the buys on their own or the sells it can do so. I have tested it and it is working{file} The beauty of it also is it does not eat up the computer cpu processing.
You are appreciated man, keep up the good job.
Is there any trade manager for Android phone?
  • #80
  • Dec 6, 2019 11:45am Dec 6, 2019 11:45am
Quoting Ican2020
{quote} You are appreciated man, keep up the good job. Is there any trade manager for Android phone?
not sure about thee being for android
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