An idea for a profitable EA

Dear Traders,

I have back test manually a strategy with round numbers like xx.00 and it really works on long terms with thousand of pips profitable.

I need someone who can build this in EA and will share it to all you.

If someone it is a really good programmer please pm me asap.

Best Regards

post the idea, you can get someone to write ea and also several others to tell if the idea is profitable or not

This is what i mean.

Below you will find 1 chart (split it in 2 peaces just for example) .
1 Uptrend and 1 Downtrend to see how price move from RN to RN.

There is one rule for the moment , never open second position if first didn't close yet with profit or lose.

I hope hear from you.

Regards

Foti

This looks werry interesting I advise if somone is willing to code an EA for that that implant adjusteble range like round 100 50 10 and adjusteble tp and sl so we culd use it for difrent time frame.

Thnx

Hi guys,

Try this........

thanks , will it work with ECN broker...order modify?

Yup, it should work with an ECN broker. Stop Orders can be entered with a SL & TP, unlike market orders.

Hello, I've copied it to experts, indicators. I can see it in the MT4, but, when I double click-it, nothing happens. Care to help?

Oh, sorry, I managed to do it. Backtested with a big red number as result

kennyhubbard,

Thank for your EA.

I think you have programmed in your way, i see a lot of pending orders that it is incorrect i think.

The price should come from Round Number to next RN and TP or SL, also should close the first position before take next position.

Please correct me if i am wrong, and pls give an example how exactly works this ea.

Regards

Foti

Hello... i am demo testing this EA... currently my account is positive. But i would like to advice that ea should open order only if the price closes above the round number.
Well thanx for this wonderful EA.

Dear it will be more specific if you elaborate the step-by-step procedure you follow to use this strategy...

Not quite following you............the EA makes 2 stop orders. It looks at the current price and makes a sell stop at the first RN below and a buy stop at the first RN above.

On my system it does not make another pending trade until the previous trade is closed? Are you getting stop order being made with a current open trade?

Ok, wait, I think I see what you are talking about. I will have to go figure out how to implement the first step. Gimme a couple of days.

Hey bee24 I recognize that avatar of yours.

Hello Steve, nice to see you here.

Listen guys, first of all sorry for my English i am trying to explain it as simple as i can.

So:

The strategy doesn't need any indicator, just the price movement from where will start.

So, if the price start from 1.3000 and touch the 1.3100 WE BUY and set TP 100 Pips and SL 160 Pips. If we hit TP at 1.3200 (close the position) we BUY again (open new position) with sames targets. And the same for the downtrend.

Never open against position before the first close with profit or losses. (We can add this as option to see the results)

Also i would like to have an option for trailing stop so we can move the SL to break even.

I have made manual back-test to EURO and Cable and the results are positive.

I need this EA just to test other pairs because i prefer to trade manually.

Something else except forex. Today I have been a father with a little girl so mayby i will not been here for 2-3 days.

Have a good guys see you soon.

Foti

I know you dont need a indicator for this method, however I do have one and it is usefull .

Hello,

Is this EA locked for editing? Because I want to mess with parameters a bit, more specifically with PT and SL. And when I change those two, it has no effect. Even if I do it in meta editor, I get an error, that I can't save my changes.

Any ideas?

Nope, its not locked.....I don't think you can lock a mql4 file.

Hello Guys,

Take a look to this picture how many green pips we could have in last 3 weeks in EURUSD starting from 1 Semptember without emotions

Have a nice weekend!

Foti

PS: I edit the image because it has a small mistake.