Need help coding an EA

Hello everyone. I have been trading successfully using a indicator I found on forex factory. I would love to have someone help code this into a ea with some special parameters. I will check back on this thread to get it started for everyone to enjoy.

Thanks,

Stephen

I apologize for putting my personal email address did not know that would cause a violation or infraction. I have removed it and was not looking to advertise with my email. Just looking to have help, suggestions, and ideas in creating a ea so everyone could use it and provide their comments.

Hello Everyone ... I have manually backtested and here are the results for January 2010 - February 2010. This takes some time to do this manually. For each new month I will be posting the results. Then I will transition to all of the other forex pairs. Here are the results so far.

18 Total Trades
17 wins - 1 Loss = 94% win ratio
+112 Total Pips but compounding the profits : )
In this excel spread sheet starting with $5000 trading using 10% of your capital per trade with 100:1 leverage total profit equals $802.29 +16.05%

SCMJR EUR-USDRisk Lot 2MCCARTY JR100%Entry DatePairPositionTimeEntryClosed DateTimeExitBalance10%100WonLost%PipsReturnBalanceJanuary 4, 2010eur-usdsell4:0014285January 4, 20107:5914275$5,000.00$500.00 $5.00 10100%10$50.00 $5,050.00 January 5, 2010eur-usdbuy0:0014423January 5, 20103:5914433$5,050.00$505.00$5.05 10100%10$50.50 $5,100.50 January 6, 2010eur-usdsell8:0014328January 7, 201015:5914318$5,100.50$510.05 $5.10 10100%10$51.01 $5,151.51 January 8, 2010eur-usdsell8:0014317January 8, 201011:5914307$5,151.51$515.15 $5.15 10100%10$51.52 $5,203.02 January 11, 2010eur-usdbuy4:0014522January 11, 201011:5914532$5,203.02$520.30 $5.20 10100%10$52.03 $5,255.05 January 15, 2010eur-usdsell0:0014498January 15, 20103:5914488$5,255.05$525.51 $5.26 10100%10$52.55 $5,307.60 January 19, 2010eur-usdbuy8:0014404January 19, 201011:5914346$5,307.60$530.76 $5.31 010%-58($307.84)$4,999.76 ($307.84)January 20, 2010eur-usdsell0:0014281January 20, 20103:5914271$4,999.76$999.95 $10.00 10100%10$100.00 $5,099.76 ($207.85)January 22, 2010eur-usdbuy20:0014136January 24, 201023:5914146$5,099.76$1,019.95 $10.20 10100%10$102.00 $5,201.75 ($105.85)January 26, 2010eur-usdsell12:0014079January 26, 201015:5914069$5,201.75$1,040.35 $10.40 10100%10$104.04 $5,305.79 ($1.82)February 2, 2010eur-usdbuy16:0013951February 2, 201019:5913961$5,305.79$1,061.16 $10.61 10100%10$106.12 $5,411.90 $104.30 February 4, 2010eur-usdsell4:0013883February 4, 20107:5913873$5,411.90$541.19 $5.41 10100%10$54.12 $5,466.02 February 9, 2010eur-usdbuy12:0013711February 9, 20100:0013721$5,466.02$546.60 $5.47 10100%10$54.66 $5,520.68 February 12, 2010eur-usdsell12:0013686February 12, 201015:5913676$5,520.68$552.07 $5.52 10100%10$55.21 $5,575.89 February 16, 2010eur-usdbuy12:0013650February 16, 201015:5913660$5,575.89$557.59 $5.58 10100%10$55.76 $5,631.65 February 18, 2010eur-usdsell4:0013576February 18, 20107:5913566$5,631.65$563.16 $5.63 10100%10$56.32 $5,687.96 February 22, 2010eur-usdbuy4:0013651February 23, 20107:5913661$5,687.96$568.80 $5.69 10100%10$56.88 $5,744.84 February 26, 2010eur-usdbuy16:0013647February 26, 201019:5913657$5,744.84$574.48 $5.74 10100%10$57.45 $5,802.29 $5,802.29#REF!#REF! #DIV/0! $0.00 $5,802.29 $5,802.29#REF!#REF! #DIV/0! $0.00 $5,802.29 $5,802.29#REF!#REF! #DIV/0! $0.00 $5,802.29 $5,802.29#REF!#REF! #DIV/0! $0.00 $5,802.29 $5,802.29#REF!#REF! #DIV/0! $0.00 $5,802.29 $5,802.29#REF!#REF! #DIV/0! $0.00 $5,802.29 $5,802.29#REF!#REF! #DIV/0! $0.00 $5,802.29 $5,802.29#REF!#REF! #DIV/0! $0.00 $5,802.29 $5,802.29#REF!#REF! #DIV/0! $0.00 $5,802.29 $5,802.29#REF!#REF! #DIV/0! $0.00 $5,802.29 $5,802.29#REF!#REF! #DIV/0! $0.00 $5,802.29 $5,802.29#REF!#REF! #DIV/0! $0.00 $5,802.29 $5,802.29#REF!#REF! #DIV/0! $0.00 $5,802.29 $5,802.29#REF!#REF! #DIV/0! $0.00 $5,802.29 17194%112$802.29 $5,802.29 SCMJR EUR-USDTotal:17194%112$802.29 16.05% WonLost%PipsProfit Total % Return

please see attachment

Could you please elaborate more on the System that you are trading, so that someone can get interested to code it

You could also post the indicator instead of stringing us out here.

Private and free doesn't exist.

if you need further explanation please ask your questions if the screen shot does not make sense.

Thanks

Had the first winning trade for this week. Entered the trade with a sell position @ .86625. The take profit for this trade was .86525. The trade won! I will keep everyone posted with all future trades this week. Next update of potential trades when the 4 hour currency pair charts update in 23 minutes @ 6pm mst.

Second winning trade for this week. GPD-USD trade entry 1.53057 sell position. Take profit hit 1.52957 for +10Pips.

Trade three this week we entered a sell position with the eur-jpy pair. Entered 111.525 and it hit our psar for a loss @ 112.992 = -147 pips. So when the next trade happens on the eur-jpy we will double our trading posiiton till we recover the 147 pips then go back to single unit trades.

From my experience doubling the lot size cannot possibly lead to anything good - this is a system's last resort. All trading styles and systems make profits and losses. If a system is not good, it will lose more than it wins and this money management of doubling the lot size eventually will only lead to a margin call.

Just my 2 cents - don't use doubling..

hello Blank_Jack,

I could not agree more with you. Depends on the trading strategy and its success. In the back testing I do manually this trading system is hitting over 90% win ratio. Also with the right money management per trade then when trading multiple currency pairs you are not putting your portfolio at risk to margin out. This is not a system to use like a martingale system. This would mean in example: you loose one trade and down lets say 134 pips. Then if you double up that lot size only on that losing currency pair instead of grabbing +10 pips with a 90% win ratio then you would grab +20 pips and you continue that until the -134 pips are recover in your portfolio. Even if another loss came you only stay at the doubled lot price till the 90% winners recover the loss or losses and move your compounding portfolio forward.

Also had the 4th trade this week @ 10:00 am mst: Usd - Chf buy position @ 1.05234, take profit hit @ 1.05334 for +10 pips ...

no new trades for the 2pm, 6pm, or 10pm mst updates. Next check will be at 2am mst.

So this is a update on the manual testing I am doing on the eur-usd. This consists of trades from January - March 2010. 28 wins - 2 losses 93%. +24.68 growth with a profit of $1233.83 using only 10% per each trade.

Fifth trade for the week. This was the second trade on the eur-jpy pair. Since we lost the prior trade on this pair we doubled our position size.

Entered a buy positioin 112.708 hit our take profit @ 112.808 for +10 pips. Since is had double the value of the losing trade that = -149 pips we have up 20 pips of that loss so its now -129 pips and then waiting for the next eur/jpy trade.

so with live trading we are 4 wins 1 loss 80% win ratio -99 pips for the week.

next trade taken on Aud/Usd at 10am mst entered buy position .87852 take profit hit .87952 for +10 pips.... now 5 wins 1 loss !! : )

hit two more winners: usdjpy buy position 2pm mst 87.43 entry take profit @ 87.53 +10 pips. Nzd/usd buy position 2pm mst .7156 entry take profit @ .7166 +10 pips. Record now 7 wins 1 loss. (-99 pips for the week so far) but remember each pair can hit 90% win ratio each pair. Eur jpy is setting up another trade at double the entry.

eur usd for 6pm mst just hit within 2 minutes opened a sell position 1.29046 took profit at 1.29036 for +10 yeah ...

10:00 pm mst: usd/cad entered sell position @ 1.04230 took profit 1.04130 (+10 pips), 10:00 pm mst: eur/gbp entered sell position @ .84342 took profit .84242 (+10 pips), 2:00 am mst: eur/chf entered sell position @ 1.35374 took profit 1.35274 (+10 pips).

Totals this week: 11 wins 1 loss 91.66%, -59 pips for the week, eur/jpy our only loser so far will be a double size entry till it recovers full pips lost.

gbp/usd buy position @ 1.52580 took profit @ 1.52590 (+10 pips ) 6am mst.

12 wins 1 loss 92.30% (-49 pips for the week so far )

gbp/jpy: buy entry 7/20 6:00 pm mst @ 133.62 stop loss hit 132.05 (-157 pips). Eur/Jpy sell entry 7/21 @ 111.89 take profit hit 111.99 for (+20 pips) double size prior loss.

13 wins - 2 losses = 86.7%

(-187 pips for the week) eurjpy (-109 pips double size till recovered), gbp/jpy (-157 pips double size till recovered)

Other pairs trading nicely and hitting nice 10 pip gains.