EA for 1H Trading

Hello,

Here is my trading method for which I will appreciate if anyone on this forum can make an EA.

Currency: EurUSD ; USDCHF ; GBPUSD; EURGBP

Time Frame: 1 Hour

Trading Time: 5GMT till 17GMT (adjustable)

SL: 30 Pips (adjustable)

TP: 30 Pips (adjustable)

SL moved to BE when: +15 (adjustable)

Lot Size: 0.1 Lot (adjustable)

Entry:

If Current Candle Closes White (Down) then put Buy Stop with SL & TP on its HIGH with SPREAD

If Current Candle Closes Black(UP) then put Sell Stop with SL & TP on its LOW with SPREAD

If Current Candle Closes Doji then do nothing

Exit:

When you get opposite signal or TP is Hit or SL is Hit

Results for Feb 2009

EurUSD: 850+ (with TP: 30 SL:30 SL moved to BE on 15)

USDCHF: 490+ (with TP:20 SL:30 SL moved to BE on 15)

EuRGBP: 600+ (with TP:30 SL:30 SL moved to BE on 15)

GBPUSD: Not Tested Yet

what's the expiration time for the orders?

Expiry time is when the Current Bar closes without hitting Buy Stop or Sell Stop....Then we again repeat process.....

Pretty impressive results there. Must have sucked to manually backrest, dropping down to lower tf to see when stopped out or move to be. I see why u want an ea for this. Lots of computer screen time with this method. Will give it a shot. Maybe someone will come on board with an ea for ya. Good luck

Matter of fact, i did back test this on lower time frame i.e., 5Min chart, to check the SL/TP status of Signals.

Here's an attempt at an EA, but it is not profitable in backtesting, or in the forward testing I have been running for the last 2 days.

I'm not sure what you mean by closing the order when an opposite signal happens, so the EA closes any open position at the end of the hour. Other than that, all the other rules are followed.

Any input or improvements welcome!

Adeel are you using an indicator to put those buy stop and sell stop lines on your chart?

thx,
todd

sorry, but a month doesn't do much for me

i'd like to see years of data

well, good luck with this.... it might hold out for awhile..... hell, it might be "the holy grail"

Thanks SunRa for the EA! So nice of you to spend your precious time and effort in programming me this EA

You are right about it not producing the same results....

Well anyway, to answer your question, "By closing the order when an opposite signal happens" I mean Closing the Previous Triggered Order who's TP/SL has not been hit yet. All Pending Orders which are not triggered should be closed the very next hour and new Pending order placed. Hope this clarifies things.

Once again thanks for the effort!

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todd960960
Member

Adeel are you using an indicator to put those buy stop and sell stop lines on your chart?

thx,
todd

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No, I am not using any Indicator for those Buy Stops / Sell Stops Lines. There is simply no need for such an indicator as we are simply placing Buy Stop on a Down Candle and Sell Stop on the Up Candle.

SunRa Can you please make following adjustments in the EA?

- Adjust the Spread so that the Buy Stop (in Eur/Usd) is 4 pips above the high of previous Down Candle. Do not change Sell Stop.

- The EA should not Close an Open position in the next hour start, but rather should only close the open position if an Opposite position is Opened. For example, If a Buy Stop is triggered and after the current bar closes, neither TP or SL is hit, then the order should not close. And if now, a Sell Stop is triggered, then the previous position should close.

- Only Pending orders which have not been triggered should be closed on start of next hour.

- The EA should place Buy/Sell Stop orders on start of every hour, currently the EA does not place another Buy/Sell Stop order until the first open position is closed.

Thanks

As requested, but still not profitable.

Did you get your results by actually trading, or by looking at the charts?

Yes, I think need to clarify why the results is not as mention in the first post.
As I see the EA running exactly as the mechanical system defined.

Either looking at the charts wrongly or the define is not 100% correct transfer to EA.

If your results in the first post are merely based on eyeballing the charts instead of forward testing, then I'll be really pissed to have wasted time on this.

backtesting with 90% modelling doesn't even come close to the numbers you've flashed.

not even close. Perhaps the method of backtesting by eyeballing the chart need to be corrected, but how can the figures given is so nice? or you just calculate the winning trades?