Programming Help | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Need help programming some indicators/EAs 67 replies

Need Help Programming EA 65 replies

Looking for help with programming an EA..... 4 replies

Need help for programming this indicator 2 replies

Help in programming 1 reply

Attachments: Programming Help
Exit Attachments

Programming Help

  • #1
  • First Post: Dec 30, 2008 11:26am Dec 30, 2008 11:26am
Just wondering if anyone would be interested in programming a very simple system for me? I have this programmed on Tradestation and have been live demo testing it very successfully. I want to trade it on MetaTrader 4 but have no clue how to program.

Rules:
1) Traded on EURUSD only, 15 minute chart
2) BUY when price > high of previous bar
a) Take Profit = 10 pips, Trailing Stop = 5 pips
3) SELL when price < low of previous bar
a) Take Profit = 10 pips, Trailing Stop = 5 pips
4) Only one trade per direction per bar
5) Traded only between 6:00 and 17:00 GMT
6) Also, would like to have the ability to adjust Take Profit, Trailing Stop, and trade times

Thanks in advance to anyone willing to help me out!
  • #2
  • Dec 30, 2008 12:33pm Dec 30, 2008 12:33pm
Quoting FXDawg
Just wondering if anyone would be interested in programming a very simple system for me? I have this programmed on Tradestation and have been live demo testing it very successfully. I want to trade it on MetaTrader 4 but have no clue how to program.

Rules:
1) Traded on EURUSD only, 15 minute chart
2) BUY when price > high of previous bar
a) Take Profit = 10 pips, Trailing Stop = 5 pips
3) SELL when price < low of previous bar
a) Take Profit = 10 pips, Trailing Stop = 5 pips
4) Only one trade per direction per bar
5) Traded only between 6:00 and...



I'll code this, but before i do, do you have any type of statement that shows this trade stratgy being profitable?
  • #3
  • Dec 30, 2008 1:13pm Dec 30, 2008 1:13pm
Yes, I'll try to post some results shortly.
Thanks
  • #4
  • Dec 30, 2008 1:34pm Dec 30, 2008 1:34pm
Here's a back-tested performance summary for the last year. I hope I've attached this correctly.
Thanks
Attached File(s)
File Type: xls 12-30-07 to 12-30-08.xls   22 KB | 311 downloads
  • #5
  • Dec 30, 2008 1:39pm Dec 30, 2008 1:39pm
By the way, these results are based on a 100k account trading 16 standard lots, non-compounded. Tradestation charges a small commission, that's included. It also does not factor in the limited trading hours like I want.

I've only traded this live demo for a few days but it's done very well.
  • #6
  • Dec 30, 2008 3:32pm Dec 30, 2008 3:32pm
Quoting FXDawg
Just wondering if anyone would be interested in programming a very simple system for me? I have this programmed on Tradestation and have been live demo testing it very successfully. I want to trade it on MetaTrader 4 but have no clue how to program.

Rules:
1) Traded on EURUSD only, 15 minute chart
2) BUY when price > high of previous bar
a) Take Profit = 10 pips, Trailing Stop = 5 pips
3) SELL when price < low of previous bar
a) Take Profit = 10 pips, Trailing Stop = 5 pips
4) Only one trade per direction per bar
5) Traded only between 6:00 and...

FXDawg, as I'm only learning to program, I've put together what I could, Unfortunately The EA makes multiple trades per bar, i thought i set it to

EachTickMode = False;


but that doesn't seem to solve the problem.


One major flaw with your strategy is the lack of a stop loss, this strategy may have a 95% win ratio (which it does) but all you need is one death trade and you can kiss it all goodbye.

what is your exit method?
Attached File(s)
File Type: mq4 FXDawg - EA.mq4   11 KB | 323 downloads
  • #7
  • Dec 30, 2008 3:38pm Dec 30, 2008 3:38pm
Quoting Jwentro
FXDawg, as I'm only learning to program, I've put together what I could, Unfortunately The EA makes multiple trades per bar, i thought i set it to

EachTickMode = False;


but that doesn't seem to solve the problem.


One major flaw with your strategy is the lack of a stop loss, this strategy may have a 95% win ratio (which it does) but all you need is one death trade and you can kiss it all goodbye.

what is your exit method?
Just a quick note: to ovecome multiple trades on the same bar add a filter based on last trade time. Say only open a trade if current time - last trade time > 15.
  • #8
  • Dec 30, 2008 3:39pm Dec 30, 2008 3:39pm
I've had luck tracking the time... in pseudo code:

if ( lastopen <> Time[0] )
{
lastopen = Time[0];
... // open your position
}
nav++
  • #9
  • Dec 30, 2008 3:44pm Dec 30, 2008 3:44pm
Jwentro,
The stop is a 5 pip trailing stop. The win rate is less than 50% but winners should be almost twice as big as losers. My big concern trading live is slippage.
  • #10
  • Dec 30, 2008 3:51pm Dec 30, 2008 3:51pm
Quoting FXDawg
Jwentro,
The stop is a 5 pip trailing stop. The win rate is less than 50% but winners should be almost twice as big as losers. My big concern trading live is slippage.


NO, you need a stop loss. I understand your trailing stop is the stop loss, but at what point do you close a trade if it goes against you.

Example:

Trade opened at 1.4066
Price immedaitely starts to decrease due to 1.4070 being a major resistance point.
EA has no stop loss feature acording to your rules.
  • #11
  • Dec 30, 2008 3:52pm Dec 30, 2008 3:52pm
5 pip stop loss
  • #12
  • Last Post: Dec 30, 2008 10:06pm Dec 30, 2008 10:06pm
Hahaha, as a test this EA, it doesn't open up trades correctly.

Weird, maybe another programmer can look into my coding? i don't see anything wrong?

double Var1 = iHigh("EURUSD", PERIOD_M15, Current + 1);
double Var2 = iLow("EURUSD", PERIOD_M15, Current + 1);
double Var3 = iClose("EURUSD", PERIOD_M15, Current + 0);


if (Var3 > Var1) Order = SIGNAL_BUY;

if (Var3 < Var2) Order = SIGNAL_SELL;


the EA just seems to open a code every 15 minutes regardless of the equation.
0 traders viewing now