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A simple momentum EA

  • #1
  • First Post: Edited 8:37pm Jun 27, 2008 12:50pm | Edited 8:37pm
Here’s my simple strategy looks really good from back test see if any one could code it as an EA so we could do some forward test together.

Strategy:
This is a simple momentum EA for any pairs & TF.

Buy: If the current price moves +50 pips above the Old price

Sell: If the current price moves -50 pips below the Old price

Example:
The program only execute one trade at a time Buy or Sell, Let say if the current price moves +50 pips above the Old price, it then triggered to Buy! It will then take what ever time to hit the TP or SL a simple as that.




I am really appreciated if someone could code this as an EA.
  • #2
  • Jun 27, 2008 1:38pm Jun 27, 2008 1:38pm
I seriously doubt this would work unless there was some sort of metric for predicting volatility.

Prove me wrong.
Attached File(s)
File Type: mq4 Momentum Ea.mq4   10 KB | 2,016 downloads
  • #3
  • Jun 27, 2008 2:07pm Jun 27, 2008 2:07pm
Ron,

In your formula:
Inserted Code
if(Range >= DistanceMoved && Open[0] > Close[0]) Order = SIGNAL_SELL;
if(Range >= DistanceMoved && Open[0] < Close[0]) Order = SIGNAL_BUY;
Distance moved = 50 or what ever the user enters.
but Range is a number like .0002 or .0035
  • #4
  • Jun 27, 2008 2:20pm Jun 27, 2008 2:20pm
Quoting Ronald Raygun
I seriously doubt this would work unless there was some sort of metric for predicting volatility.

Prove me wrong.
Wow.. that’s was quick! Thank’s very much. Yes I agree what you saying, but the whole idea of this EA is to use with a high volatility scenario like News time or London open ect…

Just did a quick test, nothing seems to happen? Please advice
  • #5
  • Jun 27, 2008 2:21pm Jun 27, 2008 2:21pm
Nice catch NVwine. That has been fixed, and remember to set the lot size.
Attached File(s)
File Type: mq4 Momentum Ea.mq4   10 KB | 1,879 downloads
  • #6
  • Edited 8:34pm Jun 27, 2008 2:37pm | Edited 8:34pm
Thanks Ronald, It is working now!
Cheers
Mic.
  • #7
  • Jun 27, 2008 2:40pm Jun 27, 2008 2:40pm
How many times did you have in mind?
  • #8
  • Edited 8:34pm Jun 27, 2008 3:01pm | Edited 8:34pm
Thanks
  • #9
  • Edited 8:34pm Jun 27, 2008 3:08pm | Edited 8:34pm
Thanks
  • #10
  • Jun 27, 2008 3:10pm Jun 27, 2008 3:10pm
See attached.

Make sure EachTickMode is set to false.
Attached File(s)
File Type: mq4 Momentum Ea.mq4   10 KB | 1,867 downloads
  • #11
  • Jun 27, 2008 3:41pm Jun 27, 2008 3:41pm
Quoting Ronald Raygun
Nice catch NVwine. That has been fixed, and remember to set the lot size.
Thanks. I have experience when it comes to finding errors that prevent trades. Every EA I try to modify needs debugging. Now I just need to learn how to fix the errors.

Here are a couple of quick 2 month back tests for the EA in post #5. The results seem a little too good. I did curve the settings a little first. I am surprised. The results are good enough that I might try a real back test on a couple of pairs.
Attached File(s)
File Type: pdf GBPUSD_30-Min_quicktest.pdf   104 KB | 2,013 downloads
File Type: pdf GBPUSD_5-Min_quicktest.pdf   114 KB | 1,662 downloads
  • #12
  • Jun 27, 2008 5:57pm Jun 27, 2008 5:57pm
What a test Result!

http://smfykw.bay.livefilestore.com/...esterGraph.gif
  • #13
  • Jun 27, 2008 6:17pm Jun 27, 2008 6:17pm
Quoting nvwine
Thanks. I have experience when it comes to finding errors that prevent trades. Every EA I try to modify needs debugging. Now I just need to learn how to fix the errors.

Here are a couple of quick 2 month back tests for the EA in post #5. The results seem a little too good. I did curve the settings a little first. I am surprised. The results are good enough that I might try a real back test on a couple of pairs.
how did you curve the settings?
Gravity always wins
  • #14
  • Jun 27, 2008 6:26pm Jun 27, 2008 6:26pm
Quoting mic
What a test Result!

http://smfykw.bay.livefilestore.com/...esterGraph.gif
Mic,

My two month back test results were too good because of over optimized but your graph looks too bad. Try some different settings.

As far as the PM you sent me I tried to write you back but it said you do not accept PMs. To answer your question the EA I used for testing in post #11 was the one Ron made with no edited code on my part. I downloaded it from post #5. I just played with the settings.
  • #15
  • Jun 27, 2008 6:36pm Jun 27, 2008 6:36pm
Quoting sol
how did you curve the settings?
I consider it curve fit because of the following;
I looked at the results.
I only tested two months.
I ran the optimizer several times. The settings were erratic I pick the best set for the 5 min test. The next best settings for SL and TP were not the next increment but were jumping all over.

I'm currently running some tests on prior years using different data and the new build-217 of MT4.
I might remove the PDF files later and put up a more realistic back test. The EA seems to be struggling during certain parts of 2005 and 2006.
  • #16
  • Jun 27, 2008 6:51pm Jun 27, 2008 6:51pm
Quoting nvwine
Mic,

My two month back test results were too good because of over optimized but your graph looks too bad. Try some different settings.

As far as the PM you sent me I tried to write you back but it said you do not accept PMs. To answer your question the EA I used for testing in post #11 was the one Ron made with no edited code on my part. I downloaded it from post #5. I just played with the settings.
OK Thanks
  • #17
  • Jun 28, 2008 11:44am Jun 28, 2008 11:44am
nvwine
Could you tell me how you get the optimization working in MT4 build 216? A long time ago I’ve play around with a NN EA that’s needs everyday optimization to keep it going, and I’ve NO problem with MT4 build 203, it takes a long while to complete the optimization (which is normal).

But when I upgraded the MT4 to build 216, the optimization function doesn’t seem to work any more? No matter what input value I used or any setting I tried it just giving me one result. “There were 1 passes done during optimization” and it only takes a second to complete the optimization? I’ve tried with different Server/Installer i.e. Alpari, Mig, FXDD, IBFX etc.. all have the same result

Am I missing something? any idea?
Cheeres
mic.
  • #18
  • Jun 28, 2008 2:30pm Jun 28, 2008 2:30pm
Quoting mic
Am I missing something? any idea?
Cheeres
mic.
It is hard to help others when it comes to using strategy tester.
My guess is you have a hole in the data. I don't really know where to start with trouble shooting. Do you use data from Alpari's web site or downloads through the history center or collected *.fxt files or data off DVDs?

Things to look at;
When you run the one pass what does the tester journal say? Any errors or mismatches?

Do you get 90% backtests using the same history data?

Have you tried different years and a few short 2 month tests?

One more thought, download a new copy from MetaQuotes web site. Their download is b217. Try that with the history center download. You may need to delete some time frames data after the first download and hit the download button a second time to get rid of volume match problems. At least I had to on 5 minute for several pairs. Especially for April 2008. After I deleted the 5 min data and hit the download button again MT4 created a cleaner 5min history file with out downloading, just rebuilding.
  • #19
  • Jul 4, 2014 6:50am Jul 4, 2014 6:50am
Hello, I want to apply a momentum base EA can any one help me in this...
  • #20
  • Jul 4, 2014 2:44pm Jul 4, 2014 2:44pm
Quoting Ijk
Hello, I want to apply a momentum base EA can any one help me in this...
if you do not precise describe what you want nobody can help you (paid programmers also not, e.g. at mql5.com/en/job ). So what are you looking for?
PM me with coding requests and I'll probably put you on my ignore list
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