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Simple Monday-Tuesday System (attached calculator)

  • #421
  • Feb 25, 2020 11:12pm Feb 25, 2020 11:12pm
Quoting andikayande
Anyone looking at euraud??
Yes, I am long per the process 1.65425, also triggered GA, AU,AC
MWTF Return This Week: na
  • #422
  • Edited 11:31pm Feb 25, 2020 11:15pm | Edited 11:31pm
So I have an idea for an EA. Tell me what you think about these rules. The idea is to keep it simple.

EA for Previous 2 Days
Settings:
1. Trigger Lines: EA will automatically draw lines on chart at the high and the low of the previous two days. One line for a Buy order and one line for Sell order.
Note: This will only work once.
2. Market Orders: When a candle hits either one of the Trigger Lines, a market order will be placed and the remaining inactive Trigger Line will be automatically deleted
3. Pips Above/Below: User may input a pip amount to work in cooperation with the Trigger Lines. For example, if user inputs 25 pips, then a sell trade will only open if a candle hits the 25 pip mark beyond the sell trigger line, and vice versa for buy trades. If this setting is 0, then it will be disabled.
3. Maximum Allowed Spread: EA will not place trades above the max spread, as specified by user in pips. For example, if it's 5 pips, then only a spread of 5 pips or less will be allowed. Anything above this will be rejected.
4. Stop Loss
5. 50% Off: half of trade will close at user's specified pip amount (can be set to true or false)
6. Magic Number
7. Direction:
a. Default - will only follow settings 1 and 2
b. Long - will only execute long trades (trigger line will only be drawn at the high of the previous two days)
c. Short - will only execute short trades (trigger line will only be drawn at the low of the previous two days)
8. Take Profit: will continue to run if set to 0
9. Manual Mode: if set to true, user may manually input specific prices to open buy or sell trades.
10. Break Even (if 0, then break even will be disabled) Note: both Break Even and 50% off must work together if user has both settings enabled.

I cannot code this. It's just an idea I came up with. If we can get an expert coder to create this EA (without putting unreasonable user limitations on it), then that would be great.

If you think it can be improved, then please share your thoughts.
Learn from your mistakes and march on.
  • #423
  • Feb 25, 2020 11:35pm Feb 25, 2020 11:35pm
Quoting emmanuel7788
{quote} I go where like-minded people are having fun and making real money ...
Fun R Us

Ur welcome anytime, just drop the TDI at the door

Still experimenting but that's the fun part 2



Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200226-173221_MetaTrader 5.jpg Size: 280 KB
It takes a lot for me to IGNORE you, but you can try.
  • #424
  • Feb 25, 2020 11:43pm Feb 25, 2020 11:43pm
Quoting BearBu11y
{quote} Yes, I am long per the process 1.65425, also triggered GA, AU,AC
AC didnt trigger for me yet just GA AU EA
  • #425
  • Feb 26, 2020 12:07am Feb 26, 2020 12:07am
Quoting here2there
So I have an idea for an EA. Tell me what you think about these rules. The idea is to keep it simple. EA for Previous 2 Days Settings: 1. Trigger Lines: EA will automatically draw lines on chart at the high and the low of the previous two days. One line for a Buy order and one line for Sell order. Note: This will only work once. 2. Market Orders: When a candle hits either one of the Trigger Lines, a market order will be placed and the remaining inactive Trigger Line will be automatically deleted 3. Pips Above/Below: User may input a pip amount to...

There is a tool called EA Builder with an example and full source code doing almost exactly what you describe here. Check you PM box.

Regards
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #426
  • Feb 26, 2020 12:13am Feb 26, 2020 12:13am
Quoting NotAtrader
{quote} There is a tool called EA Builder with an example and full source code doing almost exactly what you describe here. Check you PM box. Regards
You are right! I just checked it out.
Learn from your mistakes and march on.
  • #427
  • Feb 26, 2020 12:41am Feb 26, 2020 12:41am
Quoting here2there
{quote} I was able to put it on my chart around 4PM. I live in the U.S.
i am also in the USA at the moment,i miss my country ,what an awkward timings for London open in the middle of night,u guys definitely miss all the fun living in this time zone.
  • #428
  • Feb 26, 2020 12:50am Feb 26, 2020 12:50am
Quoting here2there
So I have an idea for an EA. Tell me what you think about these rules. The idea is to keep it simple. EA for Previous 2 Days Settings: 1. Trigger Lines: EA will automatically draw lines on chart at the high and the low of the previous two days. One line for a Buy order and one line for Sell order. Note: This will only work once. 2. Market Orders: When a candle hits either one of the Trigger Lines, a market order will be placed and the remaining inactive Trigger Line will be automatically deleted 3. Pips Above/Below: User may input a pip amount to...
we can incorporate fib also,so fib draws taking 2 days worth of data.many times the trade remains between high and low of that weekly zone made on monday and tuesday ,so may be if we can set up one more order on golden zone of fib ,i.e 50-61% to join the trend,the bias will be calculated by fib itself that if it should be buy or sell like it determines green n red color of fib by itself,my 5 cents!
  • #429
  • Feb 26, 2020 1:27am Feb 26, 2020 1:27am
Quoting here2there
So I have an idea for an EA. Tell me what you think about these rules. The idea is to keep it simple. EA for Previous 2 Days Settings: 1. Trigger Lines: EA will automatically draw lines on chart at the high and the low of the previous two days. One line for a Buy order and one line for Sell order. Note: This will only work once. 2. Market Orders: When a candle hits either one of the Trigger Lines, a market order will be placed and the remaining inactive Trigger Line will be automatically deleted 3. Pips Above/Below: User may input a pip amount to...
The strategy is very simple in its setup and execution, and the EA in this thread shows just how simple it can be.

The value of an EA would most likely be in the trade management, where you could have lots of options such as break even, TP1/TP2, trailing stop, money management etc.

I've just finished coding an EA with these features and I'm testing it at the moment, and will post it when I'm happy with it, and will gladly take on board any suggestions for improvements.
"Pips are vanity. Profit is sanity."
  • #430
  • Feb 26, 2020 1:43am Feb 26, 2020 1:43am
Quoting PaulDV
{quote} The strategy is very simple in its setup and execution, and the EA in this thread shows just how simple it can be. The value of an EA would most likely be in the trade management, where you could have lots of options such as break even, TP1/TP2, trailing stop, money management etc. I've just finished coding an EA with these features and I'm testing it at the moment, and will post it when I'm happy with it, and will gladly take on board any suggestions for improvements.
My request would be to make it work in MT5 too
  • #431
  • Feb 26, 2020 2:06am Feb 26, 2020 2:06am
Quoting tes724
{quote} My request would be to make it work in MT5 too
Haha - we'll see.
"Pips are vanity. Profit is sanity."
  • #432
  • Feb 26, 2020 2:14am Feb 26, 2020 2:14am
Quoting PaulDV
{quote} The strategy is very simple in its setup and execution, and the EA in this thread shows just how simple it can be. The value of an EA would most likely be in the trade management, where you could have lots of options such as break even, TP1/TP2, trailing stop, money management etc. I've just finished coding an EA with these features and I'm testing it at the moment, and will post it when I'm happy with it, and will gladly take on board any suggestions for improvements.

Thanks for your efforts Paul , interested in what you come up with.
  • #433
  • Feb 26, 2020 2:16am Feb 26, 2020 2:16am
Stoped out of GA
Was quick lol
  • #434
  • Feb 26, 2020 2:23am Feb 26, 2020 2:23am
GA hitted -25% from the High
Shahadat Hossain
  • #435
  • Feb 26, 2020 2:53am Feb 26, 2020 2:53am
Quoting PhillipmC
Stoped out of GA Was quick lol
I'm still in - what was your entry and SL?
"Pips are vanity. Profit is sanity."
  • #436
  • Feb 26, 2020 3:05am Feb 26, 2020 3:05am
Quoting PaulDV
{quote} I'm still in - what was your entry and SL?
Entry was 25% Bo SL was 25% of range

I'll have to check my data maybe I got it wrong I don't think so tho
  • #437
  • Feb 26, 2020 3:43am Feb 26, 2020 3:43am
Quoting PhillipmC
{quote} Entry was 25% Bo SL was 25% of range I'll have to check my data maybe I got it wrong I don't think so tho
Ah, I see - my SL is 50% of range, which is why my trade is still running.
"Pips are vanity. Profit is sanity."
  • #438
  • Feb 26, 2020 3:45am Feb 26, 2020 3:45am
Entry usdchf floating sell
Manual trade by using this system
Stay Hungry Stay Folish
  • #439
  • Feb 26, 2020 4:11am Feb 26, 2020 4:11am
Is anyone trading oil/usd? I am in short looking for 200 points on this baby
  • #440
  • Feb 26, 2020 4:43am Feb 26, 2020 4:43am
Quoting Zakattack
Is anyone trading oil/usd? I am in short looking for 200 points on this baby
A chart would be nice, do you trade that as CFD or future or ???

It takes a lot for me to IGNORE you, but you can try.
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