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Longbar/Berche, my new thread...EA Request

  • #1
  • First Post: Jan 6, 2010 10:12am Jan 6, 2010 10:12am
I hope I did this correctly! Anyway, this is my request: I would like one EA (or at least an audible alert) on two EMAs, 10 EMA and 20 EMA. Sell when 10 (Aqua) crosses below 20 (Blue) and buy when 10 crosses above 20. The second EA (or an audible alert) would be based on the attached EX4 file (I do not have a source code) as this was a free download (many months ago) and I cannot remember where I got it from. Anyway, it would be a buy when green and sell when magenta (user adjustable colors). Better yet, incorporate a user adjustable option of choosing how many bars need to close after a color change before taking a buy or sell trade. It would close/open the order when the opposite situation occurs (depending on how many bars close decided by the user) It would be nice to add some other user adjustable options such as MM, SL, TS etc. I have mainly observed this indicator on the 1H and 4H charts but it does look very promising, just need something that can work when I am not available or sleeping. Thanks any and all for the assistance.
Attached File(s)
File Type: ex4 Trend Tool.ex4   8 KB | 778 downloads
  • #2
  • Jan 10, 2010 4:23pm Jan 10, 2010 4:23pm
In regards to my post on January 6th 2010, can two separate EA's be create? One for two moving averages (adjustable by the user) open/close orders based on the two MA's (EMA's chosen by the user) and one based on my EX4 file (can one be built/create from scratch based on the EX4 file information). Thanks guys, really appreciate any/all assistance you can provide... Michael
  • #3
  • Jan 11, 2010 2:40pm Jan 11, 2010 2:40pm
Quoting mef1
In regards to my post on January 6th 2010, can two separate EA's be create? One for two moving averages (adjustable by the user) open/close orders based on the two MA's (EMA's chosen by the user) and one based on my EX4 file (can one be built/create from scratch based on the EX4 file information). Thanks guys, really appreciate any/all assistance you can provide... Michael
Hi mef1,

Am just back from the weekend. I was playing a bit with the indicator you attached, comparing it to the NonLagMA indicator. When I put the two indicators to a chart they 100% overlap with each other, ie the EX4 indicator you attached is the same as the NonLagMA with some minor and non-functional modifications. The EX4 has some of the parameters removed and instead hard-coded into the indicator - this is like using the NonLagMA where some of the parameters are always set to a fixed value.

I am going to put together a starting point EA to utilize the NonLagMA indicator. It would open/close trades based on colour change of the indi.

Cheers
Longbar
  • #4
  • Jan 11, 2010 3:18pm Jan 11, 2010 3:18pm
Hi Longbar. I hope you enjoyed your weekend away. I really appreciate taking the time to create the EA you just mentioned. I know it is time comsuming but please know I thank you very much. I will anxiously await your reply but please do not rush on my account. I am just glad someone took up the project. Anyway to possibly enable the user to decide how many bars close before it takes a new trade (avoid false direction issues). I agree it could close on a color change but maybe have a 1-3 bar closure delay before taking a new trade (adjustable by user)? If not, I would still really be interested in seeing what you come up with. Thanks buddy, I appreciate it. Michael
  • #5
  • Jan 11, 2010 6:59pm Jan 11, 2010 6:59pm
Quoting mef1
I hope I did this correctly! Anyway, this is my request: I would like one EA (or at least an audible alert) on two EMAs, 10 EMA and 20 EMA. Sell when 10 (Aqua) crosses below 20 (Blue) and buy when 10 crosses above 20. The second EA (or an audible alert) would be based on the attached EX4 file (I do not have a source code) as this was a free download (many months ago) and I cannot remember where I got it from. Anyway, it would be a buy when green and sell when magenta (user adjustable colors). Better yet, incorporate a user adjustable option of choosing...
Hi mef1,

Re the 10 & 20 EMA cross strategy you may want to give a chance some automated EA generator like http://eatbuilder.com (google "Expert Advisor Builder website" or so)

The 2 ema cross approach is basic enough so the generator might be appropriate to get a simple EA for backtesting purposes for a start...

Longbar
  • #6
  • Jan 11, 2010 10:06pm Jan 11, 2010 10:06pm
Hi Longbar,
Also interested in what you come up with. Cheers
  • #7
  • Edited 10:49am Jan 15, 2010 9:51am | Edited 10:49am
I am not a programming expert, but I know a little about EA. Below is one of EA's my modified version. Sorry my english not good because the results of google.translate
Attached File(s)
File Type: mq4 2MA_CROSS.mq4   5 KB | 668 downloads
  • #8
  • Jan 17, 2010 6:20pm Jan 17, 2010 6:20pm
Hi mef1,

I just could not get to my PC up to now to make progress on the EA...

But this night I found a couple of hours to make a basic initial version out

The EA will require the NonLagMA_v7.1.mq4 to operate. Please download and install the indicator into the <path to MT4>/experts/indicators folder, the EA goes to <path to MT4>/experts folder. Restart MT4.

The EA will simply check for colour change of the indicator and enter long or short accordingly. If TakeProfit/StopLoss is left zero then no TP/SL will be set for the order.

If an opposite trigger found then the EA will close out open positions and submit market order as per the new trigger.

There is status report on the chart so you can see the actual direction/trend of the indicator belonging to the current and the last 2 bars. When the second and the 3rd last bars show change in trend that's when the EA opens positions. The current bar is ignored as it may change its state at every tick.

Please play with it, I hope this is a good first step,
Longbar
Attached File(s)
File Type: mq4 Mef1Trend.mq4   15 KB | 1,043 downloads
File Type: mq4 NonLagMA_v7.1.mq4   6 KB | 1,039 downloads
  • #9
  • Jan 17, 2010 8:04pm Jan 17, 2010 8:04pm
LB,
Will test. Thanks
  • #10
  • Jan 17, 2010 11:49pm Jan 17, 2010 11:49pm
Hi Longbar,

Okay, I will download those two to my charts and begin testing when the markets open. I will test it for at least this week and then get back to you. Thanks buddy, let's hope we have a winner here.... (hehehe). Take care and talk to ya soon.... Michael
  • #11
  • Jan 18, 2010 12:14am Jan 18, 2010 12:14am
Longbar/watube,

I will be testing this EA on 12 different currency pairs (twelve I have been using for over a year). They are AUD/USD, NZD/USD, EUR/USD, USD/CAD, GBP/CHF, GBP/USD, EUR/GBP, CHF/JPY, USD/CHF, GBP/JPY, EUR/JPY and USD/JPY on the one hour (1H) chart.
watube, what are you testing on?
  • #12
  • Jan 18, 2010 3:13am Jan 18, 2010 3:13am
Quoting mef1
Longbar/watube,

I will be testing this EA on 12 different currency pairs (twelve I have been using for over a year). They are AUD/USD, NZD/USD, EUR/USD, USD/CAD, GBP/CHF, GBP/USD, EUR/GBP, CHF/JPY, USD/CHF, GBP/JPY, EUR/JPY and USD/JPY on the one hour (1H) chart.
watube, what are you testing on?
4H timeframe. About the same number of pairs. Will start test soon. Not loaded up yet. Cheers.
  • #13
  • Jan 18, 2010 6:17pm Jan 18, 2010 6:17pm
Quoting watube
4H timeframe. About the same number of pairs. Will start test soon. Not loaded up yet. Cheers.
Hi all, I've back tested the ea for 2008 to present on all the currency pairs on the H4 TF and they all fail BUT the USDCAD fails in a very steady and linear fashion.
Longbar - is it possible to swap the buy/sell commands around please to make this profitable? Would you also be able to add an option to trade a %age of the balance as well as the current fixed lotval?
I've added the graph for the backtest. All the settings were default on the ea and indicator and I use Alpari (UK) as a broker.

Many thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Mef1Trend backtest.gif Size: 6 KB
  • #14
  • Jan 18, 2010 7:12pm Jan 18, 2010 7:12pm
On a one day forward test (real money, live account) I must agree with Mckevvy. Vertually all trades were in the negative. I was trading default as well so losses were very small. Longbar, perhaps we should try as Mckevvy suggested and we can keep treaking this thing as we go. I really appreciate your efforts and would really love to create a usable/profitable EA for us and the members here, especially those testing it with us. What do you think? Keep up the good work buddy! Those assisting in the testing, I appreciate your efforts and feedback as well. Let's get this thing working and profitable for all. Good Job to all... Michael
  • #15
  • Jan 19, 2010 6:59am Jan 19, 2010 6:59am
Overnight. Demo. Hit Stops on three pairs. Was using 100 tp, 100 sl. H4
Two other pairs still open but deep in negative territory. No longer testing as I don't believe at this point it will be profitable. Cheers.
  • #16
  • Jan 19, 2010 7:18am Jan 19, 2010 7:18am
Had about 8 trades so far close out negative but have another 12 or so open trades and all but two are in profit. Longbar, anyway to add a TS (trailing stop) feature? That way we can lock in profits if the TS is activated as some of my open trades are well over 50 pips at this time. A user adjustable TS would be an asset in my opinion. Thanks....
  • #17
  • Jan 19, 2010 2:38pm Jan 19, 2010 2:38pm
Quoting McKevvy
Hi all, I've back tested the ea for 2008 to present on all the currency pairs on the H4 TF and they all fail BUT the USDCAD fails in a very steady and linear fashion.
Longbar - is it possible to swap the buy/sell commands around please to make this profitable? Would you also be able to add an option to trade a %age of the balance as well as the current fixed lotval?
I've added the graph for the backtest. All the settings were default on the ea and indicator and I use Alpari (UK) as a broker.

Many thanks.
Good idea McKevvy backtesting the EA

What is the Modelling Quality you getting? Keep an eye on it as if it drops below 90% the results are not reliable.

LB
  • #18
  • Jan 19, 2010 2:43pm Jan 19, 2010 2:43pm
Quoting mef1
On a one day forward test (real money, live account) I must agree with Mckevvy. Vertually all trades were in the negative. I was trading default as well so losses were very small. Longbar, perhaps we should try as Mckevvy suggested and we can keep treaking this thing as we go. I really appreciate your efforts and would really love to create a usable/profitable EA for us and the members here, especially those testing it with us. What do you think? Keep up the good work buddy! Those assisting in the testing, I appreciate your efforts and feedback...
I've added a new parameter TradeOpposite. Set to zero if you want to trade along the indicator change (like with previous version). Set it to 1 if you want to trade in the opposite direction, ie SELL trigger on colour change results in BUY position.

Lets see how this works out!

Longbar
Attached File(s)
File Type: mq4 Mef1Trend_v0.2.0.mq4   15 KB | 845 downloads
  • #19
  • Edited 5:08am Jan 20, 2010 5:07am | Edited 5:08am
[quote=LongBar;3379949]I've added a new parameter TradeOpposite. Set to zero if you want to trade along the indicator change (like with previous version). Set it to 1 if you want to trade in the opposite direction, ie SELL trigger on colour change results in BUY position.

Lets see how this works out!

Hi, here it is. It is profitable to a degree but will take a fair while to make any cash. I think on my original backtest I had problems with the history that I recieved from Metaquotes which would have given me the incorect results, but as you can see from the report there are no mismatches and the modelling quality is 90%.
Now that my history seems to be sorted, I'll start going back over the other currency pairs and see what the results are.
Thanks for the additions to the ea LB.

Modelling quality = 90%
Mismatched ticks = 0
Initial Balance = $200
Profit = $166.05
Maximal drawdown = 46.81%


McKevvy
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Mef1Trend reversed.gif Size: 7 KB
  • #20
  • Jan 20, 2010 4:19pm Jan 20, 2010 4:19pm
[quote=McKevvy;3382404]
Quoting LongBar
I've added a new parameter TradeOpposite. Set to zero if you want to trade along the indicator change (like with previous version). Set it to 1 if you want to trade in the opposite direction, ie SELL trigger on colour change results in BUY position.

Lets see how this works out!

Hi, here it is. It is profitable to a degree but will take a fair while to...
That's not too bad at all - almost doubling the account in two (?) years! Something like 50% return a year.

I am interested in the results of the other pairs, please keep posting
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