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Attachments: Price Bounce Off MA EA
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Price Bounce Off MA EA

  • #21
  • Jan 15, 2010 9:59am Jan 15, 2010 9:59am
Hi Unaizams,

I'll try and test tonight.

Cheers

Thomas
  • #22
  • Jan 15, 2010 2:32pm Jan 15, 2010 2:32pm
Quoting unaizams
It is working as desiged at four and five digit price brokers and in micro and mini accounts.

It is either you do not know how to use EA's or you did not give it a chance to work as signals are not plenty.




If you change conditions then you have a different strategy.



Of course, you are using a different strategy.



First, use the strategy creator's settings to make sure it works as designed then, play arround with the settings.
Attached Image (click to enlarge)
Click to Enlarge Name: temp2.jpg Size: 36 KB

I know how to use EA's and this EA does NOT work even with the original settings of EMA=62 and ENVELOPE_RANGE=10.

I ran it through the strategy tester with a date range of september 1, 2009 to today and it produced only one trade. I also tried different stops, trailing stops, FirstTakeProfit, TakeProfit, Maxtrade, but the result was the same..... 1 trade - short on Sept 27th 22.00.

I have attached a screen shot of the settings I'm using with the indicator. I hope I'm not doing anything wrong.

Thanks for your help
  • #23
  • Jan 15, 2010 2:41pm Jan 15, 2010 2:41pm
I saw the same thing. No matter what time frame I ran it in, it always just opened 1 trade that never closed.
You are in a maze of twisty little passages, all alike.
  • #24
  • Jan 15, 2010 10:34pm Jan 15, 2010 10:34pm
Quoting stevegee58
I saw the same thing. No matter what time frame I ran it in, it always just opened 1 trade that never closed.
Of course, if you test it without an exit it will open one trade and keep it open until the end of the test period or a margin call.

For some reason my MT does not allow me to save test reports, therefore, I attached a test result to you in an Excel format. As you see, I used H1 TF, 25 point first TP, and 75 point TP.
Attached File(s)
File Type: xls Price Bounce Off MA.xls   46 KB | 473 downloads
Free Programmer for Profitable Strategies
  • #25
  • Jan 17, 2010 2:18pm Jan 17, 2010 2:18pm
Hi Unaizams,

The EA did not take any trade. I used the "Every tick" model.

I attach my chart template, EA settings and screen shot.

There should have been 3 trades on the 4/1/2010 on GU 1hr. If you limit to one open trade and 45 pips as a first take profit there would be two.

The trades should have been opened as soon as price touches the envelope. We don't wait for the candle to close, we trade the working 1hr candle.

Cheers

Thomas

EA settings

Slippage=3
Slippage,F=0
Slippage,1=3
Slippage,2=0
Slippage,3=0
MagicNumber=45394
MagicNumber,F=0
MagicNumber,1=45394
MagicNumber,2=0
MagicNumber,3=0
TimeFrame=60
TimeFrame,F=0
TimeFrame,1=0
TimeFrame,2=0
TimeFrame,3=0
MM=1
RiskPercent=1.00000000
RiskPercent,F=0
RiskPercent,1=1.00000000
RiskPercent,2=0.00000000
RiskPercent,3=0.00000000
Lots=0.01000000
Lots,F=0
Lots,1=0.01000000
Lots,2=0.00000000
Lots,3=0.00000000
MaxTrade=1
MaxTrade,F=0
MaxTrade,1=1
MaxTrade,2=0
MaxTrade,3=0
StopLoss=45
StopLoss,F=0
StopLoss,1=0
StopLoss,2=0
StopLoss,3=0
FirstTakeProfit=45
FirstTakeProfit,F=0
FirstTakeProfit,1=0
FirstTakeProfit,2=0
FirstTakeProfit,3=0
TakeProfit=90
TakeProfit,F=0
TakeProfit,1=0
TakeProfit,2=0
TakeProfit,3=0
Trailing_Alls_Option=0
Trail_Distance=0
Trail_Distance,F=0
Trail_Distance,1=0
Trail_Distance,2=0
Trail_Distance,3=0
Trail_Start_Trigger=0
Trail_Start_Trigger,F=0
Trail_Start_Trigger,1=0
Trail_Start_Trigger,2=0
Trail_Start_Trigger,3=0
EMA_Period=62
EMA_Period,F=0
EMA_Period,1=62
EMA_Period,2=0
EMA_Period,3=0
Envelope_Range=10
Envelope_Range,F=0
Envelope_Range,1=10
Envelope_Range,2=0
Envelope_Range,3=0
AlertOn=0
Attached Image (click to enlarge)
Click to Enlarge Name: gu 1hr 62ema.gif Size: 55 KB
Attached File(s)
File Type: tpl aaaaa_gbpusd_62ema.tpl   25 KB | 385 downloads
  • #26
  • Jan 17, 2010 10:43pm Jan 17, 2010 10:43pm
The EA requires a stoploss or another exit signal in case the market reverses or you will get a margin call.
Attached File(s)
File Type: mq4 Price_Bounce_Off_MA_v.2c.mq4   15 KB | 742 downloads
Free Programmer for Profitable Strategies
  • #27
  • Edited 4:33pm Jan 19, 2010 4:13pm | Edited 4:33pm
Thanks for that.

EA works - GREAT.

But seems to close full position at "FirstTakeProfit".

I used also "MaxTrade" = 2. So the two trades in brackets should have been taken too.

Another thought would be to check spread or switch it off during news time.

Cheers

Thomas

Quoting unaizams
The EA requires a stoploss or another exit signal in case the market reverses or you will get a margin call.
EA settings

Slippage=3
Slippage,F=0
Slippage,1=3
Slippage,2=0
Slippage,3=0
MagicNumber=45394
MagicNumber,F=0
MagicNumber,1=45394
MagicNumber,2=0
MagicNumber,3=0
TimeFrame=60
TimeFrame,F=0
TimeFrame,1=60
TimeFrame,2=0
TimeFrame,3=0
MM=0
RiskPercent=1.00000000
RiskPercent,F=0
RiskPercent,1=1.00000000
RiskPercent,2=0.00000000
RiskPercent,3=0.00000000
Lots=1.00000000
Lots,F=0
Lots,1=0.01000000
Lots,2=0.00000000
Lots,3=0.00000000
MaxTrade=2
MaxTrade,F=0
MaxTrade,1=1
MaxTrade,2=0
MaxTrade,3=0
StopLoss=45
StopLoss,F=0
StopLoss,1=0
StopLoss,2=0
StopLoss,3=0
FirstTakeProfit=45
FirstTakeProfit,F=0
FirstTakeProfit,1=45
FirstTakeProfit,2=0
FirstTakeProfit,3=0
TakeProfit=90
TakeProfit,F=0
TakeProfit,1=90
TakeProfit,2=0
TakeProfit,3=0
Trailing_Alls_Option=0
Trail_Distance=0
Trail_Distance,F=0
Trail_Distance,1=0
Trail_Distance,2=0
Trail_Distance,3=0
Trail_Start_Trigger=0
Trail_Start_Trigger,F=0
Trail_Start_Trigger,1=0
Trail_Start_Trigger,2=0
Trail_Start_Trigger,3=0
EMA_Period=62
EMA_Period,F=0
EMA_Period,1=62
EMA_Period,2=0
EMA_Period,3=0
Envelope_Range=10
Envelope_Range,F=0
Envelope_Range,1=10
Envelope_Range,2=0
Envelope_Range,3=0
AlertOn=0
Attached Image (click to enlarge)
Click to Enlarge Name: gu 1hr 62ema.gif Size: 62 KB
  • #28
  • Jan 20, 2010 12:21am Jan 20, 2010 12:21am
[quote=tdeu;3380170]Thanks for that.

EA works - GREAT.

But seems to close full position at "FirstTakeProfit".

Why "seems"? Please perform thorough testing before commenting and attach proofs for any bug. Your chart shows partial TP graphically and you should have attached your trades info. Also see the attached test report.

I used also "MaxTrade" = 2. So the two trades in brackets should have been taken too.

EA shouldn't take the supposedly third long as it did not meet EA criteria. For the supposedly third short it could be that a partial first long still remaining which makes it third while you chosed 2 maxtrades.

Another thought would be to check spread or switch it off during news time.

Both added in version d.

Cheers

Thomas

Warning to every body: Do not use EA on real accounts without a tested stoploss strategy.
Attached File(s)
File Type: xls MA-Bounce.xls   60 KB | 496 downloads
File Type: mq4 Price_Bounce_Off_MA_v.2d.mq4   17 KB | 755 downloads
Free Programmer for Profitable Strategies
  • #29
  • Jul 21, 2010 8:57pm Jul 21, 2010 8:57pm
Does anyone know if this EA works with 5 digit brokers?

Thanks unaizams for creating this EA. I've been looking for an EA that trades off MA lines for a while. Have you thought about putting a reversal function for trades that break the MA line instead of it bouncing?
  • #30
  • Oct 5, 2010 11:50am Oct 5, 2010 11:50am
please continue the development, this is greaaat ea
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  • #31
  • Oct 5, 2010 11:25pm Oct 5, 2010 11:25pm
Quoting totalfx
Does anyone know if this EA works with 5 digit brokers?
It is programmed to work automatically on both 5 and 4 digit brokers.

Quoting totalfx
Have you thought about putting a reversal function for trades that break the MA line instead of it bouncing?
The variations are endlesss. The main thing is have you studued a strategy visually and maually and found out that it is promising?
Free Programmer for Profitable Strategies
  • #32
  • Nov 7, 2010 10:27pm Nov 7, 2010 10:27pm
Somebody asked for the following changes:

When I try to run the EA off an InterbankFX Metatrader platform, it says that "Spread is too wide. EA disabled". How can I fix this? I tried this on the GBP/USD and EUR/USD.

Increase allowed maximum spread "MaxSpread" as desired. Default "MaxSpread" is now set to 40.

Is it possible to run this off any time frame or just 1 hour?

It is now possible to run this off any time frame. Change "TimeFrame" as follows:

current=0 , M1=1, M5=5, M15=15, M30=30, H1=60, H4=240, Daily=1440.

Default "TimeFrame" is now set to current=0.

And one more thing, could you possibly amend the EA so that one can use an EMA or SMA as required?

You can now change "MA_Mode" as follows:

SMA=0,EMA=1,SMMA=2,LWMA=3

Default "MA_Mode" is now set to SMA=0.

I am trying to test a strategy using a 60 simple moving average on a 15 minute chart.

Just attach the EA to a 15 minute chart.
Attached File(s)
File Type: mq4 Price_Bounce_Off_MA_v.2e.mq4   17 KB | 659 downloads
Free Programmer for Profitable Strategies
  • #33
  • Nov 9, 2010 8:27am Nov 9, 2010 8:27am
Hey there

Thanks for emailing me version f this morning. Unfortunately I am still getting this error:

2010.11.09 16:04:06 Price_Bounce_Off_MA_v.2f USDCAD,M15: invalid lots number for OrderClose function

I have left the lots and risk percentage as standard, and thereafter also tried changing the lots but to no avail.

I am running all this on a demo account so no real money is involved


Thanks in advance for your help!
  • #34
  • Nov 23, 2010 1:31am Nov 23, 2010 1:31am
Quoting Indomitable
Hey there

Thanks for emailing me version f this morning. Unfortunately I am still getting this error:

2010.11.09 16:04:06 Price_Bounce_Off_MA_v.2f USDCAD,M15: invalid lots number for OrderClose function

I have left the lots and risk percentage as standard, and thereafter also tried changing the lots but to no avail.

I am running all this on a demo account so no real money is involved


Thanks in advance for your help!
As I told you I am travelling right now and will be back in a few days.

However, I have tested the EA on FXDD MT4 and it is working with no problems. FXDD account is micro and they quote 5 digit prices.
Free Programmer for Profitable Strategies
  • #35
  • Nov 28, 2010 11:31am Nov 28, 2010 11:31am
I have tested the EA on USDCAD, M15, every tick, FXDD MT4, micro account , 5 digit prices and it is working with no lot calculation problems.

Make sure that the strategy tester's model is set to every tick.
Attached File(s)
File Type: mq4 Price_Bounce_Off_MA_v.2f.mq4   17 KB | 633 downloads
Free Programmer for Profitable Strategies
  • #36
  • Dec 5, 2010 7:34am Dec 5, 2010 7:34am
Quoting unaizams
I have tested the EA on USDCAD, M15, every tick, FXDD MT4, micro account , 5 digit prices and it is working with no lot calculation problems.

Make sure that the strategy tester's model is set to every tick.

This is an excellent EA but my initial back test shows to take only sell trades. Is this the way it is designed?

Also it crashes with High DD... but Meta Quotes also has a large gap in data from May to July as well.

Stock settings in pic below on Eur Usd 5M $5000 account 2010
Attached Image (click to enlarge)
Click to Enlarge Name: Price Bump MA.gif Size: 6 KB
Attached File(s)
File Type: zip Price Bounce Off MA Strategy Test.zip   7 KB | 472 downloads
  • #37
  • Dec 5, 2010 10:34am Dec 5, 2010 10:34am
Quoting kneal
This is an excellent EA but my initial back test shows to take only sell trades. Is this the way it is designed?

Also it crashes with High DD... but Meta Quotes also has a large gap in data from May to July as well.

Stock settings in pic below on Eur Usd 5M $5000 account 2010
It makes a rising curve and then crashes because it has no stoploss stategy and it is supposed to buy and sell.
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  • #38
  • Dec 5, 2010 5:21pm Dec 5, 2010 5:21pm
OK... after doing some optimization I found it's best to have TP at 10 and 20 rather than the 45 and 90 that is in the original strategy because now it is buying and selling like it is suppose to.

Just one problem... since the max trades is set to 1 according to the main strategy the EA got hung up in taking a sell trade and got caught in an uptrend on July 13. No more trades could be taken for the rest of the year.

See pic below.

This was done on eur usd 5M 2010 $1000 account MM False
Attached Image(s) (click to enlarge)
Click to Enlarge Name: stopped trading.gif Size: 9 KB
Click to Enlarge Name: stopped trading eur usd.gif Size: 6 KB
  • #39
  • Dec 5, 2010 10:52pm Dec 5, 2010 10:52pm
Quoting kneal
OK...
after doing some optimization I found it's best to have TP at 10 and 20 rather than the 45 and 90 that is in the original strategy because now it is buying and selling like it is suppose to.

Just one problem... since the max trades is set to 1 according to the main strategy the EA got hung up in taking a sell trade and got caught...
No point of optimization while there is no exit strategy for the EA. When any EA lacks an exit strategy it will show you a straight steadily rising equity curve with no losses until it crashes.

I have attached v.2g which allows separate maximum trades entries for short and long.

I also attached an earlier v2.f that I have made at the request of one of the posters.
Attached File(s)
File Type: mq4 Price_Bounce_Off_MA_v.2f.mq4   17 KB | 581 downloads
File Type: mq4 Price_Bounce_Off_MA_v.2g.mq4   18 KB | 772 downloads
Free Programmer for Profitable Strategies
  • #40
  • Dec 6, 2010 12:28am Dec 6, 2010 12:28am
Quoting unaizams
No point of optimization while there is no exit strategy for the EA. When any EA lacks an exit strategy it will show you a straight steadily rising equity curve with no losses until it crashes.

I have attached v.2g which allows separate maximum trades entries for short and long.

I also attached an earlier v2.f that I have made at the request of one of the posters.

Can this Indicator be what you need for an exit or stop Loss strategy??

You can read about it here > http://forex-strategies-revealed.com...keep-every-pip

I have attached the indicator
Attached File(s)
File Type: mq4 Val_Bands.mq4   6 KB | 500 downloads
File Type: ex4 Val_Bands.ex4   3 KB | 400 downloads
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