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A simple EA

  • #1
  • First Post: Jun 10, 2008 3:11am Jun 10, 2008 3:11am
It's a quick $25 for someone!

Very simple strategy to be used on a live account:

To be used on multiple pairs.

User Options:
Buy or Sell
Lot Size
Pip increments
Option to stop adding new trades and just manage existing ones with an extra option to Close All when there is overall Profit (ie 1 pair may be down $20, another pair may be up $15, another may be up $5.60 so overall there is a profit of .60 cents so it would close all)
Not essential but something to show what the break-even price is would be nice.

Strategy:
When the EA is applied to a pair it will immediately places a market Buy/Sell (option) with a set T/P (option)
It will then trade every x pips (option)

Example:
The EA Options are set at 25 pip increments to Buy 1.0 Lot
When applied to Eur/Usd at 1.5550 it Buys 1 lot with a T/P of 25 pips, 1.5575
If T/P is met then it puts an order to Buy again at 25 pips lower, 1.5550 with a T/P of 25 pips, 1.5575
If Price goes down 25 pips to 1.5525 it Buys again with a 25 pips T/P, 1.5550
If Price goes down another 25 pips to 1.5500 it Buys again with a 25 pips T/P 1.5525
And so on......

Payment as soon as it's seen to work ok, you can time limit it to make sure you get paid if you like!

Thanks
  • #2
  • Jun 10, 2008 7:00am Jun 10, 2008 7:00am
Quoting lostinspace
It's a quick $25 for someone!

Very simple strategy to be used on a live account:

To be used on multiple pairs.

User Options:
Buy or Sell
Lot Size
Pip increments
Option to stop adding new trades and just manage existing ones with an extra option to Close All when there is overall Profit (ie 1 pair may be down $20, another pair may be up $15, another may be up $5.60 so overall there is a profit of .60 cents so it would close all)
Not essential but something to show what the break-even price is would be nice.

Strategy:
When the EA is applied to a pair it will immediately places a market Buy/Sell (option) with a set T/P (option)
It will then trade every x pips (option)

Example:
The EA Options are set at 25 pip increments to Buy 1.0 Lot
When applied to Eur/Usd at 1.5550 it Buys 1 lot with a T/P of 25 pips, 1.5575
If T/P is met then it puts an order to Buy again at 25 pips lower, 1.5550 with a T/P of 25 pips, 1.5575
If Price goes down 25 pips to 1.5525 it Buys again with a 25 pips T/P, 1.5550
If Price goes down another 25 pips to 1.5500 it Buys again with a 25 pips T/P 1.5525
And so on......

Payment as soon as it's seen to work ok, you can time limit it to make sure you get paid if you like!

Thanks
uhmm.. what will happen if we do took a position at 215.50 and then it hit the TP at 215.75, so we will open at 215.50 again right? now what will we do if the price never reached 215.50 again (it's going on trending..)

Please enlight..
-1128 Pips since 6 August 2007
  • #3
  • Jun 10, 2008 8:55am Jun 10, 2008 8:55am
Quoting yohan_ip
uhmm.. what will happen if we do took a position at 215.50 and then it hit the TP at 215.75, so we will open at 215.50 again right? now what will we do if the price never reached 215.50 again (it's going on trending..)

Please enlight..
If it doesn't reeach 215.50 again then the order would not get filled, it will just sit there waiting

Any other questions then please ask me.

Thank You
  • #4
  • Jun 10, 2008 9:43am Jun 10, 2008 9:43am
Hello, please allow me to introduce the EA, if the EA is still doesn't meet your requirement, please don't hesitate to ask

Thank you for the opportunity.
Attached File(s)
File Type: ex4 LostInSpace.ex4   8 KB | 304 downloads
-1128 Pips since 6 August 2007
  • #5
  • Jun 10, 2008 10:05am Jun 10, 2008 10:05am
Quoting yohan_ip
Hello, please allow me to introduce the EA, if the EA is still doesn't meet your requirement, please don't hesitate to ask

Thank you for the opportunity.
Wow, that was quick, thanks a lot yohan_ip! Will this trade a live account or is it just for demo account? I will put it on a demo anyway to test it today and let you know!

Good job, thanks a lot.
  • #6
  • Edited 10:25am Jun 10, 2008 10:12am | Edited 10:25am
Can I just ask about the Options?

If I don't want to use a Stop Loss do I just enter 0?

When I attached it to a chart it didn't actually open a trade, and it says "There are no trades at the pool", does it wait until price goes down 25 pips before opening the first trade?

One other question, can it be put on several different pairs at the same time or would it need different magic numbers?

Thanks

Edit: Sorry, it did open trades, I had Expert Advisor disable, ooops!
  • #7
  • Jun 10, 2008 10:26am Jun 10, 2008 10:26am
Hi LotofSpace,

I develop EA quite a similar idea with you (with nanningbob special stoploss idea).

different is the system is will increase lot size for every next trade till define max trades met.( kind of martiagle )

I can change the EA to make the lot size increase become optional.

Just a confirmation for your request EA.

The inputs changeable from user will be:
example:

magicnumber 12345
takeprofit 25
stoploss 25
trailingstop 15
pipsincrements 25
lotincreasefactor 2
ProfittoProtect 200
ProtectStarter 100
LosstoProtect 50

Question is:
From your idea, the initial trade will it be buy or sell?
1st trade decide manually or the EA to read from indicators?
If I understand from your example, starting will be instant buy, then pending buylimit, then instant buy...when is the sell trade coming??

When I complete the EA, willing to pass it to you.

If you like it or need further improvement, just let me know.
I can adjust the program to suit your idea.
If only you satisfy with the work, your $25 can consider as donation for the time I spent.

MrForex123
  • #8
  • Edited 10:54am Jun 10, 2008 10:50am | Edited 10:54am
Quoting lostinspace
Can I just ask about the Options?

If I don't want to use a Stop Loss do I just enter 0?

When I attached it to a chart it didn't actually open a trade, and it says "There are no trades at the pool", does it wait until price goes down 25 pips before opening the first trade?

One other question, can it be put on several different pairs at the same time or would it need different magic numbers?

Thanks

Edit: Sorry, it did open trades, I had Expert Advisor disable, ooops!
About the SL, you can't input '0' to the SL option,

Attached here is the modified one, you could enter '0' to the SL option if you don't want to use SL

Yes, you could run the EA on diffrent pairs, it won't affect each other.. but if you set the 'CloseAll' option to true, then the EA will close ALL pairs that is opened by the EA
Attached File(s)
File Type: ex4 LostInSpace Ver 1.1.ex4   8 KB | 327 downloads
-1128 Pips since 6 August 2007
  • #9
  • Jun 10, 2008 11:14am Jun 10, 2008 11:14am
Quoting MrForex123
Hi LotofSpace,

I develop EA quite a similar idea with you (with nanningbob special stoploss idea).

different is the system is will increase lot size for every next trade till define max trades met.( kind of martiagle )

I can change the EA to make the lot size increase become optional.

Just a confirmation for your request EA.

The inputs changeable from user will be:
example:

magicnumber 12345
takeprofit 25
stoploss 25
trailingstop 15
pipsincrements 25
lotincreasefactor 2
ProfittoProtect 200
ProtectStarter 100
LosstoProtect 50

Question is:
From your idea, the initial trade will it be buy or sell?
1st trade decide manually or the EA to read from indicators?
If I understand from your example, starting will be instant buy, then pending buylimit, then instant buy...when is the sell trade coming??

When I complete the EA, willing to pass it to you.

If you like it or need further improvement, just let me know.
I can adjust the program to suit your idea.
If only you satisfy with the work, your $25 can consider as donation for the time I spent.

MrForex123
Hi MrForex, thanks a lot for that, I'm just trying out the EA yohan_ip wrote and so far it looks very good so can I get back to you?

Thanks
  • #10
  • Edited 12:16pm Jun 10, 2008 11:25am | Edited 12:16pm
Quoting yohan_ip
About the SL, you can't input '0' to the SL option,

Attached here is the modified one, you could enter '0' to the SL option if you don't want to use SL

Yes, you could run the EA on diffrent pairs, it won't affect each other.. but if you set the 'CloseAll' option to true, then the EA will close ALL pairs that is opened by the EA
Hey, this is great, it works!!

If I set the Close All option to true does it close out all trades immediately even if they are all in loss? Would it be possible to make it so that Close All would only close the trades when in profit overall? I guess I could change the T/P manually for each trade but auto would be nice

Is it possible to have an option that stops the EA from opening any new trades but let it manage the already open trades until they are closed and then it stops trading?

This is my first try at automatic trading and it's awesome!

Oh yeah, something else I just thought of, what happens if I lose connection or my PC crashes, what will happen when I switch back on and start Metatrader?

Edit: Sorry, something else....I closed all and took the EA off the chart, but when I put it back on again on the same pair it doesn't trade. If I put it on a different pair that it hasn't already traded it works fine. Is there something I need to do?

PS I have sent you an email
  • #11
  • Jun 10, 2008 3:15pm Jun 10, 2008 3:15pm
PM me. We'll talk about it.

Cheers...
Request custom Expert Advisor or Indicator: dostapyuk "at" gmail . com
  • #12
  • Jun 11, 2008 12:10am Jun 11, 2008 12:10am
Hi yohan_ip

Thank you for writing the EA, it works very well but can I ask to change a few things?

It will not trade on a live account, demo only
Can you make default SL 0 (No Stop Loss)
Can you make default Lot .10

Also it will not work if it has aleady traded on a pair and is stopped and re-started. Are there some record file I need to delete?

I emailed you about payment and about the other EA, I hope you received ok?

Thank You
  • #13
  • Jun 11, 2008 12:30am Jun 11, 2008 12:30am
Quoting lostinspace
Hi yohan_ip

Thank you for writing the EA, it works very well but can I ask to change a few things?

It will not trade on a live account, demo only
Can you make default SL 0 (No Stop Loss)
Can you make default Lot .10

Also it will not work if it has aleady traded on a pair and is stopped and re-started. Are there some record file I need to delete?

I emailed you about payment and about the other EA, I hope you received ok?

Thank You
Hi,
i'm so sorry, there has been some power failure back home,
i'll modify the script as soon as the power restored.

and about the other scripts, i'm currently working on it.

best wishes and regards,
yohan

ps. sending posts through office's computer
-1128 Pips since 6 August 2007
  • #14
  • Jun 11, 2008 1:53am Jun 11, 2008 1:53am
Thanks yohan

We have power failures here as well so I got a UPS, they are quite cheap on Ebay, may be worth thinking about. Please let me know if you have problems getting one shipped to you and I'll see if I can help.

http://cgi.ebay.co.uk/Plexus-MV-500V...QQcmdZViewItem
  • #15
  • Jun 11, 2008 10:33am Jun 11, 2008 10:33am
try this at strategy back test or forward test it.
Attached File(s)
File Type: ex4 dailynewmartigale.ex4   9 KB | 317 downloads
  • #16
  • Edited 2:14pm Jun 11, 2008 10:59am | Edited 2:14pm
Quoting MrForex123
try this at strategy back test or forward test it.
Thanks MrForex, is it the EA you posted above?

Edit: Just tried it and it seems to be the martingale one, could be adapted I guess.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~



Just an update and to I think I'm sorted now thanks to yohan_ip, he did a most excellent job, he really knows his stuff!

Yohan I'm going to try it out live tomorrow and then send you an email, very many thanks for all your help.


~
  • #17
  • Jun 11, 2008 12:48pm Jun 11, 2008 12:48pm
Quoting lostinspace
Thanks yohan

We have power failures here as well so I got a UPS, they are quite cheap on Ebay, may be worth thinking about. Please let me know if you have problems getting one shipped to you and I'll see if I can help.
Hi there, thank you very much for your concern..
yes a UPS should help a lot..

Thank you very much for your kind opportunity

Best regards,
Yohan

Ps. i've sent you some email
-1128 Pips since 6 August 2007
  • #18
  • Jun 11, 2008 12:57pm Jun 11, 2008 12:57pm
Quoting yohan_ip
Ps. i've sent you some email
Not come through yet but I'll keep checking.

Thanks.

ps/ I noticed your sig says "-1128 Pips since 6 August 2007", did you really mean -(minus)?
  • #19
  • Apr 21, 2010 4:17pm Apr 21, 2010 4:17pm
Hi
The system looks very good and not sure why there is no update for last 2 years. any specific reason?

Velli
  • #20
  • Last Post: Apr 21, 2010 11:46pm Apr 21, 2010 11:46pm
Quoting kvellimalai
The system looks very good and not sure why there is no update for last 2 years. any specific reason?

No analysis.
No edge.
Unlimited averaging down.
No risk management.

About all that's missing is the Martingale.

I just wish I'd seen this thread when it was originally posted. The OP (if he's still around) will know why.
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