Dear All respected members,
I am asking for help in coding the strategy i am about to show with nothing in return. Well, maybe if the EA is profitable, then we all benefit.
Ok, this is NOT my original idea. I just pick up the pieces and put together. So, thank you to all those who posted in the forum before which i benefited.
I DO NOT KNOW IF THIS IS A WINNING STRATEGY OR NOT! I JUST NOTICED FOR THE PAST ONE YEAR THAT IT HAS POSITIVE RESULTS!
ALSO, MOST THREAD DIE WITH FLOODS OF OTHER INDICATORS TO IMPROVE THE STRATEGY OR WHATSOEVER. I WOULD PREFER THAT UNTIL THIS EA IS IN MATURE STAGE THEN WE TRY TO IMPROVE IT FURTHER. MAKE SENSE?
Here's how:
Currency: EUR/USD, GBP/USD, EUR/JPY, GBP/JPY
Time frame: 1 HOUR
Indicators: RSI (7) MACD DOT (5,200,3)
BUY SİGNAL: After RSI (7) touched 25 level from below, wait for the first Blue MACD dot appears, then buy.
Exit for BUY: When RSI touch 75 level from below
SELL SİGNAL: After RSI (7) touched 75 level from above, wait for the first Red MACD dot appears, then sell.
Exit for SELL: When RSI touch 25 from above
Trade 24 hours. Please use the link below for the screenshot:
http://my.jetscreenshot.com/3623/20100623-kmpn-268kb
Note: Please start from your left and follow the comments to get an idea. You will see three (3) Short Entries hit SL in my examples. However, with the feature of either Trailing SL or Jumping SL, those losing trades will be avoided.
EA should have user define input for the following:
Money Management (For 5-digit broker):
Trading Size based on % risk:
Visible Stop Loss: 5000 pips
Real Stop Loss: 500 pips
Risk (user define input): 3% of Balance
For example:
Balance = USD 10,000
Lot size per trade = 0.6
Stop Loss: 500 pips
Risk in % = 3
Risk in Balance: 300
Balance = USD 5,000
Lot size per trade = 0.3
Stop Loss: 500 pips
Risk in % = 3
Risk in Balance: 150
EA should also has a Jumping Stop Loss Feature with user define input.
With the attachments, you will see two indicators. MACD Dot is the one to be used in the EA. HOWEVER, i would like to use the codings of MACD TrueColored (By Swingman. Please give credits to him) to make into a new MACD Dot with the settings of 5,200,3 for MACD Dot.
That's it! Nothing else!
This is my first thread, if i have missed out anything important, please make a sound.
Thank you all.
Many pips to you.
Victor
I am asking for help in coding the strategy i am about to show with nothing in return. Well, maybe if the EA is profitable, then we all benefit.
Ok, this is NOT my original idea. I just pick up the pieces and put together. So, thank you to all those who posted in the forum before which i benefited.
I DO NOT KNOW IF THIS IS A WINNING STRATEGY OR NOT! I JUST NOTICED FOR THE PAST ONE YEAR THAT IT HAS POSITIVE RESULTS!
ALSO, MOST THREAD DIE WITH FLOODS OF OTHER INDICATORS TO IMPROVE THE STRATEGY OR WHATSOEVER. I WOULD PREFER THAT UNTIL THIS EA IS IN MATURE STAGE THEN WE TRY TO IMPROVE IT FURTHER. MAKE SENSE?
Here's how:
Currency: EUR/USD, GBP/USD, EUR/JPY, GBP/JPY
Time frame: 1 HOUR
Indicators: RSI (7) MACD DOT (5,200,3)
BUY SİGNAL: After RSI (7) touched 25 level from below, wait for the first Blue MACD dot appears, then buy.
Exit for BUY: When RSI touch 75 level from below
SELL SİGNAL: After RSI (7) touched 75 level from above, wait for the first Red MACD dot appears, then sell.
Exit for SELL: When RSI touch 25 from above
Trade 24 hours. Please use the link below for the screenshot:
http://my.jetscreenshot.com/3623/20100623-kmpn-268kb
Note: Please start from your left and follow the comments to get an idea. You will see three (3) Short Entries hit SL in my examples. However, with the feature of either Trailing SL or Jumping SL, those losing trades will be avoided.
EA should have user define input for the following:
Money Management (For 5-digit broker):
Trading Size based on % risk:
Visible Stop Loss: 5000 pips
Real Stop Loss: 500 pips
Risk (user define input): 3% of Balance
For example:
Balance = USD 10,000
Lot size per trade = 0.6
Stop Loss: 500 pips
Risk in % = 3
Risk in Balance: 300
Balance = USD 5,000
Lot size per trade = 0.3
Stop Loss: 500 pips
Risk in % = 3
Risk in Balance: 150
EA should also has a Jumping Stop Loss Feature with user define input.
With the attachments, you will see two indicators. MACD Dot is the one to be used in the EA. HOWEVER, i would like to use the codings of MACD TrueColored (By Swingman. Please give credits to him) to make into a new MACD Dot with the settings of 5,200,3 for MACD Dot.
That's it! Nothing else!
This is my first thread, if i have missed out anything important, please make a sound.
Thank you all.
Many pips to you.
Victor
Attached File(s)
ç¦ å Victor V
