Bollinger EA Code Problem

Hi guys

I have attached the mq4 file of the EA which I have paid to get coded. (I have no idea how to code.)

When put on a live demo acount the ENTRY works perfectly, but the EXIT does not.

No matter how much I set the Stop/loss or Take profit to, within seconds of entering the trade the MT4 platform closes the trade. I have also attached the MT4 Statement and you see the last trades all closed as soon as they were opened.

Also when the "take profit" is set to "0" it is then meant to use the SMA as the exit for the trade.

If you need more info let me know

Gil

First thing that comes to mind is if you paid for it and it doesn't do what you wanted why not go back to the coder and ask him to fix it?

Second, are you on a 5 digit broker? Try adding a zero to your SL and TP values and see if that helps.

Lux

Hi Lux

Have tried that, but sofar without getting the desired result.

Using 5 digid broker and have added the Zero without luck

Gil

I don't mean to be harsh but I can think of several reasons why the original coder won't fix this. What was the support period? What specfically were the specs for the code? Even if you are not a coder, the instructions provided must be clear and concise. I am asking rhetorical questions for the enlightenment of other non techies who might be reading this thread.

From the statement provided, the SL seems to be reasonable (50+ pips) and is never hit, so that isn't the problem. From the code, it appears that the exit is based on the price crossing the SMA. The default SMA period is 14 and the BB period is 10. I don't understand the entry rules, but I am guessing that the entries are too close to the middle of the bands and the exit is being hit. This may or may not be a coding problem. Again, what did the specs call for? Another rhetorical question.

Hi Codemaster

I believe the coder is also stumped, but is still trying to figure a solution. He thinks it may be a broker issue, but I have tried it on three sofar.

I have attached a chart with notation

LONG ENTRY Rules (Short Rules are opposite)

Rule 1: C<= Top Bollinger (10,2) - Let us call that T1 Bar
Rule 2: C>= O and C<SMA(14) - Let us call that T2 Bar

(Rule 2 must occur within 2 bars following Rule 1 to proceed to next step)

Rule 3: Entry Price is calculated from T2 Bar as follows ((O+C)/2)
Rule 4: Submit order at Entry Price from Rule 3 to be filled in either of next 2 bars - Let us call that E1 Bar

The Exit Rule: PRICE(on current bar) = SMA(14). The price may need to go through the MA to trigger Exit? Also concerning EXIT, there may be times when the MA is crossed to trigger an exit order, but it may not be filled. Not sure how to handle that. Any ideas?

As I'm sure you've guessed by now you should have hired a proper coder. This code is just plain awful. No use of functions whatsoever makes it a nightmare to try and debug.

Keep on at the guy that did this for you. The strategy isn't that complicated and any decent coder could have handled it no problem.

Good luck

Lux

Any suggestions who to hire?

Recommendations is the best way to go.

Good luck

Lux

PS: Don't just go for the cheapest.

Well, the code is very obscure even with the rules and I'm not going to tear it apart to find a missing bracket or something similar. It would help to have a screen shot of an actual trade, showing the entry point, trigger bar and SMA14. That would confirm a coding or specifications problem. I suspect, coding but perhaps not.

By the way, your rules are pretty good, but not perfect. For instance, Rule1 should be the Bottom BB not the Top. Also I have written a number of BB EAs and I always put in a rule to make sure my target exit is a minimum of n pips away from the entry. You have to consider when the bands get very constricted, it is not worth trading.

If you are looking for a coder, please consider me; my rates are very reasonable and my work is guaranteed. I am busy for the next week, but after that I can consider.

Hi CodeMeister.

How can I get in touch with you

Gil

I sent you an email with my address. You should have it by now.

Thanks .. I have replied

Gil