Need help of programming this EA

Dear all respectful member of Forex Factory,

My name is Andre Khrisna a.k.a juannie (my username).
I'm a newbie here.

I need some help to make an EA.

I have a system/formula like this:

When EA is open, then:
Open Position (regardless of anything, just open)
If the price is up for 10 pips, then Take Profit.
If the price is down for 20 pips, then Stop Loss.
If the price is down for 20 pips twice in series, then Stop Loss and Stop Trading.
Wait until the price is up for 10 pips twice in series, then Open Position again.

This formula must be repeated all the time when EA is on.

Lot Size = 0.01
Currency = EUR/USD

In my formula, there's no time frame, indicators or anything.
I don't need that.
I just want my robot to do what i'm telling it to do.
Just do the formula.

Would you please help me building an EA with this formula?

Seems easy to code..but difficult if instructon not detail enough

@ akukaya

Yes, that's a very easy code.
But i couldn't make it to become an EA.
Would you help?
What instruction was not detailed enough?

In my formula, i don't use any indicators.
There are no Time Frame.

My EA must open without any consideration, just to follow my rules.

So you're looking to make an EA that only buys, and never sells? I just want to be clear on what you're trying to do. It's not obvious from your description.

Did you want it to open a new trade after you exit the first trade, regardless of whether it's a profit or loss? And stop trading after two losses in a row? Then after it's up 10 points over the second loss, start all over again?

Also, did you want to buy or sell?

Anyway, if this is what you're looking for, I think I might have something here. It's setup to operate in "buy" mode, and setup to work with either a 4 digit of 5 digit mini account. I don't know about a standard account? It seems to place the trades when it's supposed to, which is good. Am having one problem though, with the "Loss Count" on the status line (upper left-hand corner of chart). It starts flaking out after the "second loss" is hit ... which, of course is the least of anyone's worries, if this is the only problem.

As far as the currency is concerned (you said "EUR/USD"), you don't need to input it. Just place it on whatever chart you intend to use, and it selects it automatically. I also made the 10 point reset adjustable ("Reset_Hi"), and added a second reset ("Reset_Lo"), in case you want to pick up trading if it drops below a certain threshold. If you decide not to use either one, set them both to 0.

Oh, if I get a chance to fix the "Loss Count" problem (when and if), you'll be able to keep track of the total wins and losses, as well as consecutive wins and losses in a row.

Oh yeah, forgive me for the name, it was the first thing that popped into my head.

Good luck!

Oh, just to be sure we're all on the same page, I modified the EA three times in the last few hours since posting it. Functionally it's still the same, I was just trying to clean the code up and streamline it a bit. So, it's up to you whether you want to re-download it or not.

I still haven't fixed the "Loss Count" issue yet and, when and if I do, it will probably be sometime later, and I will probably repost the EA.

Or, if someone else could take a look, and spot the problem, that would be greatly appreciated.

Thanks!

@ DGC:
Thank you very much for your kind attention, DGC!
Maybe i must re-arrange and re-explain my strategies...here it is:

(1) Brief description of my EA / indicator
My formula was just like this:
Open Position
If the price is up 10 pips, Take Profit, and Open Position again.
If the price is down 20 pips, Stop Loss.
If the price is down 20 pips twice in a series, Stop Loss, and Stop Trade until the price is up 10 pips twice in a series, then Open Position again.

Lot Size = 0.01
Currency = EUR/USD
Open Position = just buy

(2) Which indicators should be monitored before building the logic?
There's no need to monitored any indicators.

(3) Entry
When should it open a buy position?
When the EA is activated.

When should it open a sell position?
Never.

(4) Exit
When should it close a buy position?
When the price is up 10 pips (Take Profit) or
When the price is down 20 pips (Stop Loss) and/or
When the price is down 20 pips twice in a series, then Stop Loss and Stop Trade until the price is up for 10 pips twice in a series, then Open Position again.

When should it close a sell position?
Never.

(5) Trade Options
Take Profit = 10 pips.
Stop Loss = 20 pips. (after loss 20 pips twice in a row, then stop trading, wait until the price is up for 10 pips twice in a row, then open buy position again.
Trailing Stop = No.

Please have a sorry for me if my explanation before was confusing or lack of information.

For your enthusiast question, i just want to open buy position, not a sell position.

Could you help me build this EA?



_______________________________________________________

@ ecTrade

Wow, what an enthusiasm and good person are you!
Thank you very much for making me an EA.
I really appreciate what you have done for me, ecTrade!

Maybe you could read my system as i mentioned above.
I hope my explanation now is brief enough for you


For your questions:

1. Yes, i always want to open a new position after i exit the first trade~regardless it's profit or loss.
If it's profit, i'll keep my way on (i mean my EA must keep its way on) and if it's loss then it must follow my Stop Loss rules.
My Stop Loss rules was: if the position goes down for 20 pips, then Close the Buy position, then Open a new Buy position. When the position goes down for 20 pips again (loss 20 pips in a series/in a row) then close the buy position, and STOP TRADE until the price is up for 10 pips twice is a series/in a row, then open a new buy position again. It must be run over and over again. I mean i want my EA just to continue running like that and follow my rules.

2. I just want to buy. Maybe in my second EA, i want to sell. But now for this EA, i just want to buy.

Wow, i really love the EA name: Ding Dong! Are you a gamer too?


Oke, that's very kind of you for making me this EA.
Again i want to thank you for doing this!

About the "Loss Count" issue, i think it doesn't matter if you still haven't fixed it yet. I really in PATIENT MODE to wait for the great result.
I believe that you can fix it.
And i believe that someone in Forex Factory will help us about this "Loss Count" issue.

Thanks again!

Okay, if I interpreted what you are saying correctly, the EA should work the way you asked. Have you had a chance to try it yet?

Am not sure what you mean by this here though ...
At first you said when it is up by 10 pips. Now are saying when it's up by 10 pips twice in a row. Does that mean 20 pips? If so, then I have set it up (with "Reset_Hi") so you can set it to whatever value you want. If not, then I am not sure what you mean? Are you saying it should "bounce" (twice) by 10 pips?

Thanks.

@ ecTrader:

Thank you very much for your kind attention, again.

I don't have a chance to test it already.
But i will test it at Monday, because it is Saturday now, right? The market is closed right?
I always test all the EA i found or received from my friends (like this Ding Dong from you) with demo account first (not backtest with old data, but forward test with present data), and then try it with a real account for 1-2 months.

At first i said that when it is up by 10 pips, i mean that when for the 1st time since the EA was activated, then the price is up by 10 pips then Take Profit, Close the Buy position, then open a new buy position.

But if the price is down for 20 pips in a row (down 20 pips-close, open new, down 20 pips again, close and stop trade), then the EA must stop trade until it's up by 10 pips twice in a row (yes, maybe it is better to say that it's up by 20 pips), then open a new buy position again.

I think now you will get the full understanding of what i mention.

Now, about the "Reset_Hi", what does that function for?
Could you please explain it to me?

Thank you very much, ecTrade!

Okay, it sounds like the EA is setup to do what you are asking. The "Reset_Hi" is just the value (in pips) that you decide where to open a new trade after you hit the second stop loss. Currently it's set at 10, so you might want to reset it to 20. There's also the "Reset_Lo" option which, like I said, gives you the option to open a new trade at a "threshold" below the second stop loss. For example, if the price drops by one or two hundred pips (and doesn't come back up again), it will resume trading at whatever value you select.

I'm just giving you some additional parameters to work with here. It was easy enough to add after I incorporated the "Reset_Hi" option. And yes, I'm calling them "resets," because you are basically resetting everything and starting over at this point.

Thanks.

Hmm, now i understand what you mean by "Reset_Hi" dan "Reset_Lo", ecTrade.

Thank you very much!

So, the Ding Dong doesn't need any unfixed issue, eh?

Great job and what a nice work, ecTrade...

No, there isn't (or shouldn't be) any "unfixed" issue ... except for the "Loss Count" issue. But, guess what? I just fixed that too. So, it looks like you're good to go.

Oh, I also set the Reset_Hi to 20 pips (as a default), per your recommendations.

Wow, i really surprised when i knew that you've changed Ding Dong EA to be more suitable for me!

Thank you very much, ecTrade!







Viva Ding Dong!

Hey, I went ahead and created the new file, Ding_Dong_Duo, which allows you to open trades in either Buy or Sell mode. It wasn't too much more trouble, so I figured it would be nice.

I was also trying to create the file, Ding_Dong_Trio, which gives you a third option, that begins to open trades in the opposite direction (i.e., Sell instead of Buy) once you hit the second Stop Loss. I was interested in seeing how it worked but, it's proving a bit more of a challenge so, I'm going to have to hold off for now. I will post it later though if I get it running.

What?
I almost don't believe my own eyes when i see your post in my thread, ecTrade...

Thank you very much, my friend!

I'm just ask for "Ding_Dong" (i'm borrowing your given name to this EA)...
And you even created Ding_Dong_Duo, and work for Ding_Dong_Trio for me!


Thank you for giving another options to open trade (either Buy or Sell) and work for the next add-on capabilities with Ding_Dong_Trio, which give me the third option that begins to open trades in the opposite direction. What an anticipation you created within this Ding_Dong...

Can't wait to forward test this Ding_Dong and Ding_Dong_Duo...

Now i'm waiting your Ding_Dong_Trio too.

It's a huge pleasure and very comfortable to know that you were very interested to see Ding_Dong worked out, friend.
Bye.

P.S:
Are you a programmer?
Your education background was a programmer?
Since when you started to program your own EA?

Very nice to know you.

Hope we could befriend...

Hey, I'm just looking for ways to improve my own trading skills, as well as improve the EA's I've been working on myself over the past six months. I figured the best way to do that would be to help people develop their own ideas.

And yes, I guess you can say I'm a programmer ... although not by trade. I've been developing my own EA's over the past year-and-a-half, although only extensively (almost every day) over the past six months. I think I would classify myself at the intermediate level. There are still lots of things to learn though.

Can we be friends? I don't know, where are you from? I live in the United States.

Ok, i see.
You're looking to improve your trading skills and your EA, and found that the best way to do it is by helping other people.

I'm impressed!
In my country, that's very rare.
So many people in my country don't want to help other people they don't know yet.
I didn't say that there's no good people in my country.
But to be honest, it's rare.
People thinking about how to solve their own problems.

About friending, it doesn't need to be in the same country i think.
I'm from Indonesia.
You could see my profile.

One thing again, if you've helped me this far, it means we're friend.
Since the 1st time you offer to help me, in my opinion that's an offer for friend.
Friendship begin with any moment.
It may begin by helping other you don't know.
It may begin by just posting and sharing something with others.

Anyway, thank you very much!
I really appreciate what you've done.


And if you want any help...please feel free to tell me.
Maybe i could help you...

Please post again if you have created Ding_Dong_Trio, friend.

Oh well, it's the Internet. If I knew you in person, I may not like you at all. That's just the way it is. But hey, you seem like a nice enough person.

Oh, if you appreciate it, that's really all the thanks I need ... not unless you have some killer EA you want to share with me.

I don't always do this for other people either, it's just lately I've gone as far as I can go working on my own, and I thought it might help me come up some other ideas or, at least try a few other things. If nothing else, it gives me something to do.

Just the way it is?
It's like the lyric of my favourite song.

I have some killer EA to share with you...maybe it'll help you with your own EA.

There's a Neural Network EA, just an ordinary EA, custom made EA from original EA, and so on.

First i share Neural Network EA with you...
I want to share many EA, but i think as an intermediate programmer, you should be interested in this EA, because it has the system like our brain. It can learn from the past mistake and search for solutions to avoid same mistakes in the future. To me, that's amazing, but too complicated. Hope you like it.

I have a Trend Predictor from NNEA too...
If you like Neural Network EA, just tell me.
Very nice to share with you...

Maybe later? I'm feeling kind of saturated at the moment and should probably try to get some sleep.

So, what's with the ".exe" file in the second zip? Is that a complete application? Generally you don't accept such things (.exe files) from people you don't know over the Internet. It's really not a good idea to open them up unless you are reasonably certain who you are dealing with. It's a good way to trash your system and spread viruses.

Oh, there's a song by Bruce Hornsby called, "The Way it is." Is that the song you're talking about? I really like that song too.