digger

Hi, I'd like to share my Digger with you.

You can read a little but about him here: https://www.forexfactory.com/thread/...8#post13994978.

I have been using it for over half a year, and so far it brings me a minimum profit of 2% -10% per month ... and sometimes even 30%

I invented and wrote it myself. I spent hundreds of hours and thoughts on it.
The code is in MQL5, it's not the top of the coding ideal, but it works and I'm constantly improving it.

I share it with you without any obligations, except for threerequirements

1. You use it at your own risk
2. how will you use it share your thoughts here
3. how will you modify it please share with us changed code and new version

The version attached here is the full version for signals but simplified for MM.
I have the MM system in a separate external software and I am still developing it.
However, there is nothing special there except smart stop loss, porfolio and exposure management against expected profit

The idea of the sought setups:
1. Trend
2. Price impulse in the direction of the trend
3. Pullback (retracement)
4. Reject something
5. Profit

As pullback / retracement I'm looking for something like this

A typical live setup looks like this



More detailed rules (classic setup)

Timeframe: M30 or H1 (I started on the M30 and got great results but recently chewed on the H1)

BUY
Trend: entire fractal is above the EMA13
Price action:
a) the three candles to the left of the fractal are rising, but hh do not cross the hh of the fractal
b) five candles to the right of the fractal (consolidation) hh does not exceed hh of the fractal, but at the same time ll does not exceed the EMA13
entry: after the fifth candle closed
SL (clasic): the highest hh from consolidation
TP: 2RR or Fractal HH

SELL
Trend: entire fractal is below the EMA13
Price action:
a) the three candles to the left of the fractal are descending, but ll do not cross the ll of the fractal
b) five candles to the right of the fractal (consolidation) ll does not exceed ll of the fractal, but at the same time hh does not exceed the EMA13
Entry: after the fifth candle closed
SL (clasic): the lowest ll from consolidation
TP: 2RR or Fractal LL

Be warned this is one of the setup definitions, the classic one that started it all. As you will notice, it is the price compression between the EMA13 and the HH / LL fractal that creates something like a flag pattern.

The included Digger version gives you a bit more variation on this setup.

My observations from the tests of various systems (also Digger)
1. relatively easy to find is a relatively good entry, but hard to find a good exit
2. The performance of the setup and its win ratio strongly depends on SL / TP distance, and only partially from the entry point.
3. In MM according to the most important thing for me is that:
a) trade on a portfolio, I use 30 instruments
b) consciously and dynamically manage the exposure (risk)
c) trade only when the instrument is the most cost-effective. I developed formula: Position Efficiency = PositionPlannedMargin / (PlannedProfit - SpreadLost).
d) manage the expected profit and adjust EA according to 3b
e) ehe setup conditions work like filters, so overall, by increasing the quality of the setup, we are limiting the quantity
f) it should be noted that the setup should have a bit of freedom and some filters in combination with others are simply unfavorable

Open Digger (only MQL5)


You can only use it as a signal giver, but also for auto trading

I do not promise you the development of Digger and a lot of activity in this thread, because I just have very little time for everything
Feel free to discuss and reflect on, I will try to respond to them regularly

Thanks for sharing!

Many setups today, for example XAUEUR



This is my one of the best classic setup parameters

Thanks for sharing , wishing you all the best

welcome, good luck in trading if you have any thoughts, give it here.

no problem, I hope it will help you somehow, good luck in trading if you have any thoughts, give it here.

Many setups today, for example EURUSD

I wrote about it in this thread once somewhere here https://www.forexfactory.com/thread/...file?page=1011, but let me remind you here. I look at the price in such a way that according to it all comes down to one and the same philosophy.

For example, how does the setup Digger is looking for according to the Market Profile


everything is the same, only everyone draws and names it differently - it's just thoughts

fresh sell setup for EURCHF, let see what will give us

Hey! Do you have Digger in mq4 format?

I'm sorry, I don't have the mt4 version. MT5 only.

I didn't understand where should be a stop-loss in your example with EURCHF..

you wrote for the sell-case: "SL (clasic): the lowest ll from consolidation", could you show on your sreen where is those ll?

Hi TerraNova,

Perhaps I did not write something clearly.
In this case, the classic & fixed SL (programmed in Digger v. Open) would be something like this.

in this case your first example should also be stoped, not?:


how you really put stop-loss?

All discribed situations are profitable potentially but in fact it were losses (if to put stop-loss as dicribed).

If you turn on "Use Stop Loss" in Digger settings, then a green dot will appear on the chart at the SL level

This is from my real account and daily trading. I have a separate program to manage running positions in my portfolio and their profit and stop loss. It is a huge piece of program written in C ++ and continously optimizing positions on an ongoing basis.

In the version that I shared here I clearly wrote that it is limited in terms of MM to the classic SL. You just have to find your own MM

helo sir. i like your EA Digger_Open. it would be nice if it was filled with martiangle components and fix lots. let me know sir if it has been developed. thank you very much. iam budi from indonesia.