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Attachments: 0400-0700 GMT Breakout Strategy
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0400-0700 GMT Breakout Strategy

  • #961
  • Edited 12:25am Aug 20, 2009 12:14am | Edited 12:25am
EA with OCO ( O??? close the other order ???) forgot the name~~~
actually i dun use this function...as i find it maybe win win situation~

Again, Please help to test it .....i just briefly tested!!!!!
And please post your comment/ anything to improve (as i just the beginner to write EA)

Also, please post ur backtest result....if u find ur setting is GREAT and can SHARE with us~
thank you thank you~!
Attached File(s)
File Type: ex4 EA_breakout_trend_TP3.ex4   13 KB | 316 downloads
File Type: mq4 EA_breakout_trend_TP3.mq4   13 KB | 434 downloads
  • #962
  • Aug 20, 2009 12:28am Aug 20, 2009 12:28am
Quoting wltam
EA with OCO ( O??? close the other order ???) forgot the name~~~
actually i dun use this function...as i find it maybe win win situation~

Again, Please help to test it .....i just briefly tested!!!!!
And please post your comment/ anything to improve (as i just the beginner to write EA)

Also, please post ur backtest result....if u find ur setting is GREAT and can SHARE with us~
thank you thank you~!
Great work! I downloaded this today and will test it on another monitor/demo account.

Do you mind if i play around with the code at all? I am just starting to learn MQ4 programming and learn by example
  • #963
  • Aug 20, 2009 12:31am Aug 20, 2009 12:31am
Quoting Weasy2k
Great work! I downloaded this today and will test it on another monitor/demo account.

Do you mind if i play around with the code at all? I am just starting to learn MQ4 programming and learn by example
of coz
i am just starting to learn too~
  • #964
  • Aug 20, 2009 1:04am Aug 20, 2009 1:04am
Quoting wltam
EA with OCO ( O??? close the other order ???) forgot the name~~~
actually i dun use this function...as i find it maybe win win situation~

Again, Please help to test it .....i just briefly tested!!!!!
And please post your comment/ anything to improve (as i just the beginner to write EA)

Also, please post ur backtest result....if u find ur setting is GREAT and can SHARE with us~
thank you thank you~!
Runnig EA:
Alerts come up, but no pending orders shows up at all ??????
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-08-20_0103.png Size: 124 KB
Simple is powerful all the time.
  • #965
  • Aug 20, 2009 1:07am Aug 20, 2009 1:07am
The trend direction is up. Anybody going long?
  • #966
  • Aug 20, 2009 1:09am Aug 20, 2009 1:09am
Quoting ochuko
The trend direction is up. Anybody going long?
Yep Long GJ AND GU right now....AU still undecided...
  • #967
  • Aug 20, 2009 1:09am Aug 20, 2009 1:09am
Quoting ochuko
The trend direction is up. Anybody going long?
mine is long and the order is trigger

RiverTrader: let me check it
  • #968
  • Aug 20, 2009 1:13am Aug 20, 2009 1:13am
it looks long for me as well, I used the bollinger bands and the price moved from the lower band to the upper band, but again in the 4hr chart both pairs are trending down, hopefully it will break the res trend line in the 4hr chart.
  • #969
  • Aug 20, 2009 1:19am Aug 20, 2009 1:19am
Quoting RiverTrader
Runnig EA:
Alerts come up, but no pending orders shows up at all ??????
just tested again
mine has no problem
please check ur time in the setting as
i saw ur time in alert is 00:59 while the box end at 0800
  • #970
  • Aug 20, 2009 1:22am Aug 20, 2009 1:22am
Triggered already? Shouldn't it only 6:22am GMT now?
  • #971
  • Aug 20, 2009 1:35am Aug 20, 2009 1:35am
Quoting wltam
just tested again
mine has no problem
please check ur time in the setting as
i saw ur time in alert is 00:59 while the box end at 0800
Will try it again, tmorrow.

How do I setup the following vars?

var_from_entry = 0;
var_from_TP1 = 0;
Simple is powerful all the time.
  • #972
  • Aug 20, 2009 1:46am Aug 20, 2009 1:46am
Quoting RiverTrader
Will try it again, tmorrow.

How do I setup the following vars?

var_from_entry = 0;
var_from_TP1 = 0;
When 1st order reach TP1
the stoploss will move to the entry price
var_from_entry is use to adjust that stoploss
it means when var_from_entry = -10
it will move to 10pips below from the entry price

again
when the 2nd order reach TP2
the stoploss will move to the TP1
var_from_TP1 is used to adjust too
  • #973
  • Aug 20, 2009 2:39am Aug 20, 2009 2:39am
Hi Guys

Not new to FX, but still learning the ropes on MT4.

I have a basic question on the EA please.

Have added the Breakout EA into my demo account to forward test, and have the smiley face etc, but no box is drawn.

I am aware that you need to keep you pc on for the EA to work, but my question is - if I have to turn my laptop off on the way to work just before 8am BST and turn on at work, should the EA "catch up" and draw the box, or will it not work having been turned off?

Sorry for the noob question but I do want to understand how this works as it has clear potential.

Thanks

Graeme
You can NEVER stop learning
  • #974
  • Aug 20, 2009 3:37am Aug 20, 2009 3:37am
guys get out of any trade, I just hit TP1 with g/u and look how g/j is, the BB lines are stressed, I got out of my all trades with very small profit.
Attached Image (click to enlarge)
Click to Enlarge Name: break24.jpg Size: 46 KB
  • #975
  • Aug 20, 2009 3:48am Aug 20, 2009 3:48am
I am lucky tonight that I did hit TP1 with g/u. g/u is the same the BB is in bad shape, the lines are not streight they look stressed and the price could cause trouble.

and look at this nice one that we had last night and compare that pic BB with the prev one.
Attached Image (click to enlarge)
Click to Enlarge Name: break25.jpg Size: 55 KB
  • #976
  • Aug 20, 2009 3:57am Aug 20, 2009 3:57am
anyway I made my warnings, goodnight or goodafternoon where ever you are, I am with 78 pips positive tonight. my scalping signal showed short and also the 4 hr downtrend lines, it has some mixed signals. look at the screenshot, this is what I was affraid of tonight. could have a downtrend price action again.
Attached Image (click to enlarge)
Click to Enlarge Name: break26.jpg Size: 89 KB
  • #977
  • Aug 20, 2009 4:13am Aug 20, 2009 4:13am
thanks for your job Fed, yep TP1 in the pocket TP2 out at BE, good beginning

Greg
  • #978
  • Aug 20, 2009 4:25am Aug 20, 2009 4:25am
Please, i would like to know the setting for broker platform with GMT +2 for 0400-0700 GMT Breakout Strategy.

Thanks.
  • #979
  • Aug 20, 2009 4:28am Aug 20, 2009 4:28am
Quoting fed
guys get out of any trade, I just hit TP1 with g/u and look how g/j is, the BB lines are stressed, I got out of my all trades with very small profit.
Thanks Fed. Yes, the buy signal today on g/j wasn´t profitable, and the SL of 60 pips was triggered, but this is an example of how by using human brain fake signals of an "automated" system can be avoided.

Talking about BBands, I remember Philippe Cahen on his ideas of trading volatility, which maybe could be applied here for trading the breakouts. Tightening of the bands forming a channel, T0 is still close inside the channel, T1 is the close outside the channel, once the high/low of T1 is surpassed we have a T2 point, with volatility and acceleration increasing, and BBands widening. I read the Spanish translation of the book some years ago, there must be definitely a French and English version of it.
  • #980
  • Aug 20, 2009 4:31am Aug 20, 2009 4:31am
Quoting fed
I am lucky tonight that I did hit TP1 with g/u. g/u is the same the BB is in bad shape, the lines are not streight they look stressed and the price could cause trouble.

and look at this nice one that we had last night and compare that pic BB with the prev one.
A million thanks for that trade call. How do you determine if the bollinger bands are stressed? I'm not familiar with bollinger bands but it looks like a great tool.
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