EA BlueNile

Hallo together,

I want to share with you my own developed strategy, currently in use via manual trading for Dow Jones on a M15 time frame.
In my opinion the trategy can be used also on different assets, like FX, shares, indices with different time frames, my be also with focus on D1.

Strategy:

In general the idea is that via the Bollinger Band the chart is splitt in possible long or short possibilities.

Target:
Development of an Expert Advisor "BlueNile_Dow_M15_v1.00" - to see, if the strategy work realy stable or not.
Developers are welcome, also to improve the strategy and the code !

Here is my first idea for an EA (be aware inside the code in something wrong), the EA is programmed via Chat GPT........
When I make a backtest, I can see, that the EA opens positions, not met the 4 conditions....something is wrong in the code....can somebody help?

//+------------------------------------------------------------------+
//| BlueNile_M15_Dow_v1.00 |
//| Copyright 2024, Dieter Karl Kastner |
//| https://my1stmio.weebly.com |
//+------------------------------------------------------------------+
#property copyright "Copyright 2024, Dieter Karl Kastner"
#property link "https://my1stmio.weebly.com"
#property version "1.00, EA"
input double LotSize = 0.1; // Anzahl der Lots
input int MagicNumber = 12345; // Magic Number
input int BollingerPeriod = 55; // Period für Bollinger Bands
input double BollingerDeviation = 0.2; // Abweichung für Bollinger Bands
input int FastEMA1 = 32; // EMA-Periode für MACD 1
input int SlowEMA1 = 40;
input int SignalEMA1 = 9;
input int FastEMA2 = 8; // EMA-Periode für MACD 2
input int SlowEMA2 = 10;
input int SignalEMA2 = 9;
input double TakeProfitMultiplier = 2.0; // Multiplikator für Take Profit
double TakeProfit, StopLoss;
int LastOrderTicket = 0;
int OnInit() {
// Initialisierung des Expert Advisors
return(INIT_SUCCEEDED);
}
void OnTick() {
// Berechnung der Bollinger Bands
double UpperBand = iBands(Symbol(), PERIOD_CURRENT, BollingerPeriod, BollingerDeviation, 0, PRICE_CLOSE, MODE_UPPER, 0);
double LowerBand = iBands(Symbol(), PERIOD_CURRENT, BollingerPeriod, BollingerDeviation, 0, PRICE_CLOSE, MODE_LOWER, 0);
// Prüfung der Bedingungen für die vorherige und aktuelle Kerze
double PrevLow = iLow(Symbol(), PERIOD_CURRENT, 2);
double PrevHigh = iHigh(Symbol(), PERIOD_CURRENT, 2);
double CurrentLow = iLow(Symbol(), PERIOD_M15, 1);
double CurrentClose = iClose(Symbol(), PERIOD_CURRENT, 1);
double MACD1 = iMACD(Symbol(), PERIOD_CURRENT, FastEMA1, SlowEMA1, SignalEMA1, PRICE_CLOSE, MODE_MAIN, 0);
double MACD2 = iMACD(Symbol(), PERIOD_CURRENT, FastEMA2, SlowEMA2, SignalEMA2, PRICE_CLOSE, MODE_MAIN, 0);
if (CurrentClose > CurrentLow &&
CurrentClose > UpperBand &&
PrevLow < UpperBand &&
MACD1 > 0 && MACD2 > 0 &&
LastOrderTicket == 0) {
// Eröffne eine Longposition
double Risk = MathAbs(CurrentClose - LowerBand);
TakeProfit = CurrentClose + TakeProfitMultiplier * Risk;
StopLoss = LowerBand;
LastOrderTicket = OrderSend(Symbol(), OP_BUY, LotSize, Ask, 3, StopLoss, TakeProfit, "Long Position", MagicNumber, clrGreen);
}
}
void OnTrade() {
// Aktualisiere den letzten Order-Ticketwert
LastOrderTicket = OrderTicket();
}


Many thanks
ForexAs

Hi

Try the attached.
However:-

1. I've not been able to get it trading using BUYSTOP orders
2. You are using current bar values and other than the open price all the other prices (and BB values) can change until the bar closes and so some entries might appear incorrect, but were correct at the time.

Thanks

Paul

Here a trade from today on Dow Jones with Ratio 1:1

Hi. Your idea is a variant of the tunnel trading system. This idea was modified and reinvented countless times, probably the most famous example (the origin?) is the Vegas H1 Tunnel method. While I didn't look through your code I can tell you that it can work, especially on timeframes M15 and higher. However, the crucial point of this approach is not so much the entry. More important is the exit, it's the deciding part.

What does this mean? It means you need two important parts. A breakeven stop to limit inevitable losses, and a scaling out scheme to maximize winners. If you just use a risk/reward ratio of 1:1 for your exits, then the system will not make it.

Viel Glück :-)

Hi, I have an Expert Advisor who puts a lot of trades in a very short time, will broker allow me to use it or will broker block my account?