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EA to buy/sell previous days high/low

  • #41
  • Jul 1, 2008 1:45pm Jul 1, 2008 1:45pm
Actually no, it seems that if I change a order it put in (close it early, etc.) then the EA doesnt seem to work after that. I remove it and restart it, but then it doesnt put in the pending orders like it use to.
  • #42
  • Jul 7, 2008 1:19pm Jul 7, 2008 1:19pm
Any more luck with the cost averaging?
  • #43
  • Jul 14, 2008 5:55am Jul 14, 2008 5:55am
*bump*
  • #44
  • Jul 20, 2008 6:04pm Jul 20, 2008 6:04pm
*bump* *bump*

Fry, were you able to get the cost averaging working?
  • #45
  • Jul 22, 2008 11:24am Jul 22, 2008 11:24am
sry once again fireslayer. I am over my depth with this im afraid.
But I hope I have given you something that someone else might b able to develope further.
Also with regards to when you change a trade that it made I didnt think about this and am not really sure why it would not continue? Apart from the modification of the orders problem is it opening at the times you orginally wanted and also at the correct price with correct tp, sl and pending orders close at a time you would close them?
  • #46
  • Jul 22, 2008 1:35pm Jul 22, 2008 1:35pm
Yes, it does seem to be working as it is set so far. Thanks for all your help with it. Hopefully someone can help with the "cost averaging" function.

Thanks again!
  • #47
  • Sep 3, 2008 2:06pm Sep 3, 2008 2:06pm
Hey fry,

Was just wondering if you could add some kind of visual indicator to this EA? Like it places a gray box around the previous days bars and puts a colored line extending off the high and another extending off the low? So you know where it will buy or sell at.

Also, I have another idea for an EA for the GBP/JPY. I have run the numbers for 6 months on it and it looks very promising. Let me know if you are interested.

Thanks!
  • #48
  • Jan 23, 2022 5:17am Jan 23, 2022 5:17am
Hi, I'm new here and i know this thread is very old. I just wanted this EA to do the opposite entries, eg: sell at the previous day's high and buy at the previous day's low. Can any kind sould do this for me please? Thank you in advance, Penny.
Attached File(s)
File Type: mq4 FireSlayer EA V1.1.mq4   5 KB | 372 downloads
  • #49
  • Jan 24, 2022 7:59pm Jan 24, 2022 7:59pm
Quoting penny1
Hi, I'm new here and i know this thread is very old. I just wanted this EA to do the opposite entries, eg: sell at the previous day's high and buy at the previous day's low. Can any kind sould do this for me please? Thank you in advance, Penny. {file}
Here try this
Attached File(s)
File Type: ex4 Prev day H_L.ex4   186 KB | 414 downloads
  • #50
  • Jan 24, 2022 9:23pm Jan 24, 2022 9:23pm
sadly, this is a great, yet UNFINISHED idea…
Maadik Hugiis. IQ 69.
  • #51
  • Jan 25, 2022 1:14pm Jan 25, 2022 1:14pm
Quoting MoneyZilla
sadly, this is a great, yet UNFINISHED idea…
Well us three are active so lets finish the idea together! wat do you say?
  • #52
  • Jan 26, 2022 1:37am Jan 26, 2022 1:37am
Quoting Treptrader
{quote} Well us three are active so lets finish the idea together! wat do you say?
the only way i see it, after 13.5 years for this thread, and less than 3 full pages of activity, is to shortly tell you how to do it?
it is so simple... it took me more than 6 years just to see it.
now i am using it in more than 90% of all my setups... might be over 95%, actually.
by the way, a breakout of the last 48 hours delivers lesser draw-down figures than the d1 breakout. my profits are identical in both the d1 and the 48 hrs BOs, but the draw-down in the 48 hrs BO is much much smaller... extending the BO time does not always deliver better results. it all depends on the movement. while d1 and 48 hrs are universal, if this word can be used at all in trading...
Maadik Hugiis. IQ 69.
  • #53
  • Jan 26, 2022 2:02am Jan 26, 2022 2:02am
To help here a little bit, why would one open a buy, in a lower D1 BO? It does not make any sense to me... unless one's account is in the 6-7 figures... even a 5-figure account can easily get blown away with this "technique"... on the other hand, just 1k account can thrive if a lower BO is a signal for NOT buying... for example.
Maadik Hugiis. IQ 69.
  • #54
  • Jan 26, 2022 4:10pm Jan 26, 2022 4:10pm
Quoting Treptrader
{quote} Here try this {file}
Thank You very much Sir, its perfect. I really appreciate it very much.

Is it possible you know of an indicator that will open a trade straight after a stop loss is hit? same lot size, no stop loss or take profit, just opens a trade immediately after a stop loss is hit. It has to be an indicator that will do this multiple times a stop loss is hit. To manage the trade after the trade is opened I do have an EA do that. If you can help I would be very grateful Sir, Thank you.
  • #55
  • Jan 26, 2022 4:40pm Jan 26, 2022 4:40pm
I'm just testing this on a couple of currencies. What's working for me at the moment is buying from the previous day's low and selling from the previous day's high with a 20 pip take profit on GBPUSD and EURUSD. If the first day's 20 pips take profit is not hit then it will remain open until the second days' tp is hit (or 3rd/4th etc) with an increased lot size enough for a lesser overall profit or a breakeven or even a small loss so you can trade another day.

For a better signal I'm also looking at price action on lower timeframes like 5m and 15 minute timeframes using bollinger bands, Rsi and divergence.
  • #56
  • Jan 26, 2022 8:26pm Jan 26, 2022 8:26pm
Quoting penny1
{quote} Thank You very much Sir, its perfect. I really appreciate it very much. Is it possible you know of an indicator that will open a trade straight after a stop loss is hit? same lot size, no stop loss or take profit, just opens a trade immediately after a stop loss is hit. It has to be an indicator that will do this multiple times a stop loss is hit. To manage the trade after the trade is opened I do have an EA do that. If you can help I would be very grateful Sir, Thank you.
Welcome. and wat i can do is add that feature to this EA ? will that be fine?
  • #57
  • Jan 26, 2022 8:29pm Jan 26, 2022 8:29pm
Quoting penny1
I'm just testing this on a couple of currencies. What's working for me at the moment is buying from the previous day's low and selling from the previous day's high with a 20 pip take profit on GBPUSD and EURUSD. If the first day's 20 pips take profit is not hit then it will remain open until the second days' tp is hit (or 3rd/4th etc) with an increased lot size enough for a lesser overall profit or a breakeven or even a small loss so you can trade another day. For a better signal I'm also looking at price action on lower timeframes like 5m and 15...
what ur describing is martingale position scaling. i can add that also. as well as rsi and bband signal on lower tf
  • #58
  • Jan 26, 2022 8:36pm Jan 26, 2022 8:36pm
Quoting MoneyZilla
To help here a little bit, why would one open a buy, in a lower D1 BO? It does not make any sense to me... unless one's account is in the 6-7 figures... even a 5-figure account can easily get blown away with this "technique"... on the other hand, just 1k account can thrive if a lower BO is a signal for NOT buying... for example.
idk why your saying this D1 breakouts dont blow accounts. its a good trade idea. especially if there are conditions to filter weak signals. show an example of the type of BO u trade because theres many ways to buy or sell daily highs or lows. so since it just us for now lets start with ur strategy idea and perfect it, thats how we can start and do it
  • #59
  • Jan 26, 2022 9:11pm Jan 26, 2022 9:11pm
Quoting MoneyZilla
To help here a little bit, why would one open a buy, in a lower D1 BO? It does not make any sense to me... unless one's account is in the 6-7 figures... even a 5-figure account can easily get blown away with this "technique"... on the other hand, just 1k account can thrive if a lower BO is a signal for NOT buying... for example.
Here is the 4hr with daily range boxes and proceeding breakouts of d1 highs and lows. it can work
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 39 KB
  • #60
  • Jan 26, 2022 10:26pm Jan 26, 2022 10:26pm
Quoting Treptrader
{quote} Welcome. and wat i can do is add that feature to this EA ? will that be fine?
Thank you sir but I dont need it for this strategy. I'm not always on my computer so an indicator like this can be very useful for me so would like it on its own.

Quoting Treptrader
{quote} what ur describing is martingale position scaling. i can add that also. as well as rsi and bband signal on lower tf
Thank you but I think it may take too much of your valuable time and I dont want that for something I am just testing

I am currently calculating the lot size for the first losing day by dividing the amount of loss in $ by the number of pips in profit for the second day (eg: 20 pips), this is for BE only, and it seems to be working ok at the moment.

I was also testing the EURAUD currency and it gave a 100% win over 2 months with a +20 pip profit with no sl. At times when the tp was not hit the first day, the lot size was changed the second day and it hit the tp bringing the account in to profit or be. Even 2/3 days of drawdown was in be/tp on the 4th day.
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