Anybody help please making this simple EA

Just strategy testing many EAs during holiday time I suddenly got interest in one with some special feature , simple but should be effective.
I want to use only one indicator like TFT indicator modified version of creztor SSL indicator by senior member Emda ( attached) lb 3 and should open trade just at pa crossing or starting without any delay of red & blue line .
Most important feature should be
no stoploss ,take profit or trailing stop or money management or anything else except there will be only 1 open trade at a time & close any (previous ) before the opening .

Anybody can make it please to test.

fontu

Is there an indicator that creates those arrows or did you draw them all yourself?

An EA can be created based on those arrows if it is an indicator. you should post it up if it is.

Not it is not any indicator , I put those to show where the trades to be open.
thanks
fontu

If those arrows be shown by any indicator then I see fractals ( seing in the mt4 indicator list but do not see any thing to change the parameters to exact those arrows ) showing

So what you want is to open buy when the line turns blue and open sell when the line turns red. close upon opposite signals?

if so any reason why u skip some of the color changes in the first post's diagram?

It does seem like the color changes pretty late if you take a closer look at price action. often generating a losing trade.

Anyway I made a simple indicator based on the one you posted and it draws the arrows after color transition has occurred.

attached is the screen shot. Is this the kinda entry and exit you want to test out? mind you this TFT indi is based on Moving averages and like most if not all MAs, they are slow.

regards,
Zen

Thanks Zen for this modification & yes it look better , i post the chart using your indicator but lb only 1 , hope they can be changed during test and lossing trades can be controlled to minimum as it be closed before the next one open & I think mostly not loosing but with minimum profit even spread of 10 pips .
Yes I want to test the EA if you make , thanks
fontu

Here's a simple EA I cooked up. One thing you need to understand about the entry.

an arrow is only drawn when 3 candles form the formation. in other words, the earliest a trade can be entered is at the opening of the second candle AFTER the candle where the arrow is drawn.

Which is why I say it is often too late.

probably a filter of some sort should be in placed.

EA requires the TFT_Arrows indicator I posted earlier.

Backtest it and you'll know what I mean.

regards,
Zen

Thanks a lot Zen , I will test it now ,open price method reliable ? takes short time though.
fontu

Just do the first test as it is , many send errors , only sell orders & no buy as property set to short only ,yes orders 3 candle after caused selling the supports, close orders also 3 candles after the blue arrow too,
good enough ,still a profit ( after 1 years & 505 trades !!! )

weldone zen , hope it be updraged to good one in time .
I will test more today again .
the result of the test is:
http://www.gogetin.info/zen1.htm

fontu

wouldn't be better to use a MA/EMA instead of PA, for the cross signal?
it would be smoother adn problably have less fake signals. arrows and line color wouldn't matter then.

It would be just a MA/TFT cross EA

Thanks for the advises , yes they would be an option .

I tested ea for both short & longs having the default settings , there are perfect buy-sell orders & alternate closes too , result though not good but not 0 even after 1011 trades . problem should be 3 candles after again as zen mentioned before . Hope it can be corrected to at the first candle with appearance of arrows.
http://www.gogetin.info/zen2.htm

Tested in daily & H4 tfs show much better results, in profit .

Just seeing how a profit trade end in loss due to the candle issues and though they can be all/most positive if close manually even in lowest tf of 1 minute. and not any good in very flat market since morning though.

trying manupulating various ways to have all trades positive till Zen will take further action to correct.
Thanks a lot to zen for this little EA & modifying the indicator to good looking to help manual trading with minimum risk & for this little very promising ea.

Now trading in M5 chart with minimum sl & tp and trying to have trade open at the very candle of the signal.Hope every trade be positive after I allowed to trades loss in demo.


fontu

fontu, I think u've misunderstood. i mentioned earlier that the arrow needs the color change to appear. the EA is based on the arrows. simply put, the indicator goes like this. "is it time to draw an arrow? ok i will draw it 2 candles before the current candle." the ea then open a trade since an arrow has been drawn 2 candles before the current one. the exit is based on the opposite signal which is also 2 candles late. so you see, there's nothing for me to correct. if u have a better way of exit to secure profits, let me know and i will change the ea if i have time. until then there's nothing i can do here.

regards,
Zen

SorrY Zen for any misunderstanding , I just wanted entry points exactly at those arrows. If it is not possible anyway?
To secure profit a trailling stop can be placed that can trail both loosing & profit trades silently without knowing the broker, same for tp,sl but most important are those entry points .
Anyway thanks a lot for your kind help, at least good visual impression to trade manually with the indicator and with ea while close trades manually in bigger tfs.
fontu

Hi zen , hope you are fine these days ,Writing after a long time .
Happy merry christmas to you & family.
Reopening this thread after long time .Suddenly yesterday while sitting idle I tested the ea you made for me I see some amazing result with some modified parameters at random perhaps in H4 tf ( before some good result in m5tf only ) having even big lots like 5 and sl 130-200 all ok & acceptable too .But I think there may be still repainting problem the indicator used & there may be any other factors /parameters can be taken care before the same good result in live as well & you may know more about & as you are the creator of this EA I like to inform you for any further intervention if interested.
Thanks
fontu
details of strategy testing in open price method .Notice not much % trades to won for such result, the quality of entries worth.

Initial deposit10000.00Total net profit135305.50Gross profit182185.00Gross loss-46879.50Profit factor3.89Expected payoff10408.12Absolute drawdown450.00Maximal drawdown61998.00 (40.48%)Relative drawdown43.66% (27937.50)Total trades13Short positions (won %)7 (42.86%)Long positions (won %)6 (50.00%)Profit trades (% of total)6 (46.15%)Loss trades (% of total)7 (53.85%)Largestprofit trade50082.50loss trade-10297.50Averageprofit trade30364.17loss trade-6697.07Maximumconsecutive wins (profit in money)3 (81672.50)consecutive losses (loss in money)5 (-26542.00)Maximalconsecutive profit (count of wins)81672.50 (3)consecutive loss (count of losses)-26542.00 (5)Averageconsecutive wins2consecutive losses
TimeTypeOrderSizePriceS / LT / PProfitBalance12008.10.15 04:00sell15.001.35821.37841.258222008.10.24 12:00t/p15.001.25821.37841.258250082.5060082.5032008.11.25 20:00buy25.001.29871.27851.398742008.11.28 16:00s/l25.001.27851.27851.3987-10297.5049785.0052008.11.28 20:00sell35.001.27041.29061.170462008.12.08 12:00s/l35.001.29061.29061.1704-10040.0039745.0072008.12.08 16:00buy45.001.29011.26991.390182008.12.17 00:00t/p45.001.39011.26991.390149644.5089389.5092009.01.13 08:00sell55.001.32541.34561.2254102009.03.12 04:00close55.001.28311.34561.225421600.00110989.50112009.03.12 04:00buy65.001.28311.26291.3831122009.04.17 12:00close65.001.30681.26291.383110428.00121417.50132009.04.17 12:00sell75.001.30681.32701.2068142009.04.24 12:00s/l75.001.32701.32701.2068-10047.50111370.00152009.04.27 00:00buy85.001.32491.30471.4249162009.04.27 12:00close85.001.31661.30471.4249-4150.00107220.00172009.04.27 12:00sell95.001.31661.33681.2166182009.04.30 00:00close95.001.32741.33681.2166-5362.50101857.50192009.04.30 00:00buy105.001.32741.30721.4274202009.05.01 00:00close105.001.32291.30721.4274-2289.5099568.00212009.05.01 00:00sell115.001.32291.34311.2229222009.05.04 08:00close115.001.33231.34311.2229-4692.5094875.50232009.05.04 08:00buy125.001.33231.31211.4323242009.06.03 00:00t/p125.001.43231.31211.432348815.00143690.50252009.07.06 16:00sell135.001.39161.41181.2916262009.07.08 23:59close at stop135.001.38841.41181.29161615.00145305.50

Hi Fontu,

Did you ever get this to work?

Hey, old post i know...

But is that indi still accurate and profitable?