MARI - My Automated Revenue Invention EA

HI Guys, I hope you will like my EA and help me improve it.

This EA is an auto-trading program designed to take multiple trades per pair if the conditions are met based on the guiding strategy below.

Strategy: Use Larger Time Frames to determine if conditions are “Buy Ready” or “Sell Ready”. Decisions on Large Time Frames are guided by MACD and RSI.

Use Smaller Time Frames to determine if trades are “Buy Ready” or “Sell Ready” and execute trades based on TMA and EMA (based on NanningBob's 6.0 strategy).


Buy Criteria:
Buy Ready1: If MACD is below zero and Current MACD is less than Signal MACD and Previous MACD is greater than Previous Signal MACD.

Buy Ready2: If Bid is less than Small Time Frame TMA buy line and Small Time Frame EMA.

Buy Signal: If BuyReady1 is true and BuyReady2 is true and Bid is greater than Small Time Frame TMA & EMA.

Sell Criteria:
Sell Ready1: If MACD is above zero and Current MACD is greater than Signal MACD and Previous MACD is less than Previous Signal MACD.

Sell Ready2: If Ask is greater than Small Time Frame TMA buy line and Small Time Frame EMA.
Sell Signal: If SellReady1 is true and SellReady2 is true and Ask is less than Small Time Frame TMA & EMA.

TP & SL
There a multiple ways to manage exits. There are ATR based TP and SL. Jump stops, breakeven stops and trailing stops, all that also have ATR based parameters if desired. This program will close all Buys when the first Sell Ready1 Signal is given and vice versa.

Most of the parameters are pretty standard. These parameters might need more explanation.

MaxTrades = 50 - number of buys or sells allowed to open. This EA only trades in 1 direction at a time Buy or Sell. I would allow multiple trades - makes the bot more profitable, but all depends on your account size and lot size.

TradeLotMult = 10 - Will increase Lot size every 10 trades. Watch how this works in back testing and forward testing. First 10 trades, lotsize = 1*0.01 = .01, next 10 trades 11-20, lotsize = 2*0.01 = .02 etc. Play with this in your testing.
SetBuyReady1 = false - At start up if you think BuyReady1 conditions have been met, you can set this to true and it will look for BuyReady2 condtions.

SetSellReady1 = false At start up if you think SellReady1 conditions have been met, you can set this to true and it will look for SellReady2 condtions.

LargeTimeFrame = 60 - 1H, use what works for you. 4H would be 240, D1 would be 1440. I use 60 for 60 minutes
SmallTimeFrame = 5 - 5M, use what works for you, just make it is lower than the LargeTimeFrame. I use 5 for 5 minutes.
Buys_Below_Zero_Only = true - Only will perform Buys when MACD is below zero - safer more conservative approach

Sells_Above_Zero_Only = true - Only will perform Sells when MACD is above zero - safer more conservative approach

Use_RSIFilter = true - Only performs Buys if RSI is above zero - safer more conservative approach; Only performs Sells if RSI is below zero - safer more conservative approach;

My Settings are the defaults, but I'm looking at Optimizing the MACD, RSI, and ATR profit and stop losses in the future. This is basically it. Please feel free to ask any questions. I will try to answer.

I'm attaching the EA, my template, TMA Centered indicator and a picture of a 1H chart and 5M chart for GBPJPY.

My day time job is mainframe programming. I bought a book on EA writing and have used that with many ideas from the group here at FF - so thanks to all of you.

TallCoolOne

NEW STUFF.

I have created a small time frame template with the TMA and buy and sell MA.
You will need the MARI EA V3.0 to work with this template. Coding changes were required.

You can still use MARI EA V2.0 on the mari tpl and the your trading will be the same. The smaller time frame template and new EA allow you to see the trades execute because of the TMA & MA criteria.

Thanks for the sistem. What are your results?

Hi Marcuss, none, I just started testing it. But I see what it is capable in backtesting. I think it has a lot of potential. I'm thinking about putting it on a cent account with RobotForex and just let it go. I'm starting to optimize pairs, but I think the default settings will work good. I'm using Trailing Stop of 20/10. It grabs the profit for alot of trades. I just need others to help with testing and improving the bot.

Thanks & good luck.

Cheers TallCoolOne

I have been trading manually based on the same macd rules but on 1 min chart usually going for 5 pip tp. I have then used NB's recovert for any trades that go wrong. I have used 4hr rsi simply to help me gauge were the market was going.

I will set this up on demo - I have tried backtesting but cant get it to work.

Paul

Hi Paul,

Hmmm..not sure why it won't work on backtesting. I have been getting it work fine on all my backtesting so far. I did leave some print statements in there so you can look at the journal and see if you are getting some BuyReady1 or SellReady2 flags set. You may want to put more prints in the diagnose the problem if you are comfortable with that.

Thanks.

Hi Paul,

Set CheckOncePerBar = false when backtesting. This should give better results. Also use tickdata.

I hope that helps.

Thanks!

Hi Guys,

Correction in post one. I found a small bug.

Thanks!

Congrats on the bouncing baby EA! Will be following with interest. Thank you!

Thanks for sharing the EA. It does seem to me that the HUD is disappearing when there is a pip movement. Then reappearing when there is no market movement, then disappearing again etc.

Do you attach EA to the larger or smaller TF? Thanks

To the larger TF.

I have your EA running on my live IBFX account. Received two signals for GBP/JPY pair that band had been penetrated to the downside. Why didn't the EA trade that information?

Reminds me of Christmas trees and lights, blinking on and off.......

Hi Guys,

Please download the EA and TMA CENTERED MARI.ind from the 1st post. This should clear up the blinking HUD and the alerts from the TMA indicator. The indicator would send alerts eventhough the BuyReady1 or SellReady1 conditions were not met. This was confusing.

Thanks for the feed back.

Hi TallCoolOne,

I read your system with great interest and I believe it will work very well.
Could you help me with how did the 5 min trade trigger the signals?

The STF trigger is based on the TMA and EMA. If you do a search on NanningBobs 6.0 system which is in the 5.0 thread, you will see it outlined.

When the price dips below the buy line for the TMA and EMA it is ready to buy, when the price goes about the TMA buy line and EMA the buy is triggered. Vice Versa for the Sell. If you look at the Charts zip that attached in post one you will see what the 5 minute chart would have looked like at the same time the 1 hour chart was happening for GBPJPY. The three lines on the chart are the TMA indicator.

I hope this helps.

Thanks!

How often will the EA trade on average?

May I know what are the currency pairs we can test this EA on?

I am currently attaching it to EURUSD and GBPJPY.

Stay tune.
Ian

You can try testing on any pairs. I'm currently testing on AUDJPY, AUDUSD, CADJPY, CHFJPY, EURCHF, EURGBP, EURJPY, EURUSD, GBPCHF, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY.

Thanks!

If you open up Max trades a lot, you could get 10-50 trades a day, trading 10+ pairs.