Your EA v3 - Daily Low & High Strategy

*Your EA v3* backtest results looks promising and auspicious...

EXACT STRATEGY BEHIND THIS EA

1. The strategy trades on the daily (D1) timeframe.
2. The strategy uses two pending orders: a Buy Stop order and a Sell Stop order.
3. At the start of each new day, the code checks if a new candle has formed. If it's a new day, the strategy resets the "orderPlaced" variable to false, allowing it to place a new order if conditions are met.
4. The strategy calculates the "wickBuy" and "wickSell" values based on the difference between the open price and the low price (wickBuy) and the high price and the open price (wickSell) of the previous daily candle.
5. The strategy sets the Buy Stop price (buyStopPrice) above the previous day's high by a certain number of pips specified by the "PipsAboveHigh" parameter.
6. The strategy sets the Sell Stop price (sellStopPrice) below the previous day's low by a certain number of pips specified by the "PipsBelowLow" parameter.
7. The strategy sets the Stop Loss for the Buy Stop order (stopLossBuy) below the previous day's high by a certain number of pips specified by the "StopLossPips" parameter.
8. The strategy sets the Stop Loss for the Sell Stop order (stopLossSell) above the previous day's low by a certain number of pips specified by the "StopLossPips" parameter.
9. If the condition "wickBuy > wickSell" is met, the strategy places a Buy Stop order at the "buyStopPrice" level with a specified lot size ("LotSize"), Stop Loss ("UseStopLoss" and "StopLossPips"), and Take Profit ("UseTakeProfit" and "TakeProfitPips").
10. If the condition "wickSell > wickBuy" is met, the strategy places a Sell Stop order at the "sellStopPrice" level with a specified lot size ("LotSize"), Stop Loss ("UseStopLoss" and "StopLossPips"), and Take Profit ("UseTakeProfit" and "TakeProfitPips").
11. The "MagicNumber" is used to identify the orders placed by this specific EA, so it can distinguish its orders from other EAs or manual trades.
12. The strategy uses a simple slippage setting ("Slippage") to account for potential order execution variations.
    
    No live trade results yet....But backtest results I will attach below.
    
    Change the default Settings in EA for better profitable trades (Atleast 45% above Profitable while backtesting):
    Take Profit in Pips - 100
    Stop Loss in Pips - 30
    EA Currrent Profitable Settings
    Attached Image (click to enlarge)

    
    
    
    

Scripts for better trading

Source Code file successfully uploaded....
Developers are welcome to develop this EA for further updates.

I have no coding knowledge and I used ChatGPT to built this EA. Do not ask for further updates from me. Only Dev can do that. While live trading the EA hits stop loss everytime and I don't know why. Do not fully believe the EA's startegy tester results because it will be different results while live trading. Me also looking for Updates like you.

Please make me to earn $100 per month...Becaause I am struggling a lot. Thank you everyone.

Reserved for FAQ

Backtest results in all Major Currency Pairs

Pair: EURAUD
Spread: 10
Date: 2000 to 2023
Deposit: 100$

Pair: EURUSD
Date: 2000 to 2023

Pair: AUDUSD
Date: 2000 to 2023


Pair: USDJPY
Date: 2000 to 2023


Pair: GBPUSD
Date: 2000 to 2023

Thanks rockzz for this EA.

I made backtests from 2000 to 2023 and it works fine, is it possible to add into your EA a lot size calculate on risk percentage (1%, 2%, etc...) from balance available?

What is the utility of the 2 others mt4 files (Change Time Frame All Open Charts.ex4 and ex4 Template All OpenCharts.ex4)?

Wait for the EA update...I noted your information better input variables.

If you want to run EA simultaneously on all major cureency pairs, then you need to first open all major pair charts in a mt4 window. Apply EA on first chart, then drag and drop the Template All OpenCharts.ex4 to the first chart window. The current EA settings applied to all open charts automatically.

Same steps for Change Time Frame All Open Charts.ex4 for all open charts that automatically turns into D1 charts.

hello rockzz thanks for your work, can you tell me how to install those two open chats in the ea section, sorry my english is bad

Here you go:


And

Hi,

It looks really interesting, I tried backtesting and didnt get the same results as you. Do you have a set file you could upload for each of the pairs please? or could you list the parameters used Thankyou

Thankyou, I am assuming on the daily timeframe as well?

Yep...only on Day Timeframe.

I am getting a flat equity curve on all the pairs, any ideas? as i entered the same parameters?

Thankyou, I have done that, is a negative equity curve now

You can assume, or read the rule(s)



Also, every chart posted about results is on the Daily charts

For me, it seems that a variable take profit linked to the ADR would be a desired addition to the settings, as 100 is quite an arbitrary number.

For example, the current ADR(10) for the posted pairs are:
USDJPY - 154
EURAUD - 146
GBPUSD - 108
EURUSD - 77
AUDUSD - 68

Hello sir...
I am ready to share the source code with you. Will you backtest and modify the changes for live trading. Because I have no proper coding knowledge.

That makes 2 of us

So, this looks like a trend following strategy, right?

Why did we need the terms "wicks" in there?

It could be simply yesterday's low, yesterday's high, and today's open price to describe the prices used for calculations, correct?

The trade is taken in the direction of the smaller of the two readings, only when the level is broken, makes sense, catch the trend, or if market reverses, no trading.

Good luck.

Actually friend...I have no coding knowledge and I built this EA through ChatGPT. If developers like you take care of this EA, it will be more profitable while live trading. Please help me friend.

Pair: AUDCAD
Exact same settings