let's go where the price goes

yeah, it's kinda a bugger to code.

my version is getting there but still a good number of bugs yet and I got a headache right now....

so maybe tomorrow.

Maybe you changed dis(dıstance) from 100 to 10

it is not 100 pips with current settings 100 means 10 pips..

hi, all!

for me, the EA is working properly.

as i told, this system loose money ranging markets,

try to use it in combination whit your own method and adjust the range where you feel comfortable.

if you have a 5digit broker 20 pips is 200 in the ea.

regards.

it´s a bit dificult, because you have to close all the orders manually and eliminate the EA of the chart when you want to finish.

when the candle is too quickly the EA hasn´t time to put the order.

as you can see in the picture, should be another sell order at 1.5465

we can try solve this sending two orders in advance.

this is only one example,only a bit scalp to see how the EA works, this is not my way to trade

Why are you reinventing the wheel?

Here you go, what you are trying to do has already been done, here is the EA by 7bit:

http://sites.google.com/site/prof7bit/snowball

Here is his thread:

http://www.forexfactory.com/showthread.php?t=226059

Here is his journal:

http://www.forexfactory.com/showthread.php?t=239717

Regards,
Vip

thank you a lot, very very interesting thread.

me too. its runs well for time being. no backtest yet.

Nps!

You cannot run a back test on this system...

As this requires user input, this is not a system, its a trade management tool...

I know you started this thread, but if everyone is going to be using this EA, and therefore going to be based on this EA, then I think it would be in everyones interest if we rename this thread and give credit to 7bit.

i know my train is little late.... but anyway here it is. it doesnt have exit options yet, it places orders at pipstep. for 20 pips, you need to enter 200 for 5 dig criminal


kiscan, for EU what would be an ideal PipStep ? i want to do it manually. 20 is too fast. may be 50 ? how do we avoid/know ranging market ? using BB ?

thank you a lot, round rock.

i don´t like to use any indis i like to trading using only S/R and trend lines.

but this is only my way of trading, you can use your own method to aviod ranging markets, i thing this is imposible this is the price you have to pay for trading.

i,m testing your EA and don´t send new pending orders. i don´t now if i´m doing something wrong.

Here's a pic of my version Backtest. This is only to show that the idea "can" be profitable. So I think this could be a good method. But take the Backtest with a grain of salt or grain of sugar if you prefer.

Obviously a ranging market can be very bad for this method. You still have to know what you are doing.

The backtest includes a profitexit among other trinkets. Even with that the DD can be quite long in the tooth at times.

pip_seeker
Are you sharing your ea? If it's a working version wouldn't mind running it through the tickdata for backtesting if so.

i have been manually using a similar system that will simply collect 10 pips at a time abd avoid big losses.

OPen a buy trade and place a pending sell (3 times the lot size) 10 pips away. TP for both trades is 10 pips. iF original trade goes to tp then delete pending and start again. If sell trade fills then place a buy trade (twice the size of sell trade) at original buy trade price. Again if sell hits tp then we have a net 10 pips. If sell reverses and buy is filled then place a pending sell at original sell price for twice the lot size etc etc.

I have tried using this around market openings europe and us when there can be strong movement and it works very well. It would be great if this could be coded into an ea but alas my computer coding skills are awful. I would appreciate oif anyone else on the forum can look into this.

Paul

The expert must leave pending orders placed by default.
But through market movements can be many orders not to run.
That happens to expert SNOWBALL, when there is strong movement EA crashes.
In this graph we can see how it has to be at least 5 orders below and above.

Greetings!

I totally agree.... But it against the idea behind my idea.. so it changes everything in my code(bad I know)...

I really made some serious changes behind the idea and the ea I am testing it right now... It made 50 pips just in 15 pips movements.. and lost 14 pips...
I am waiting for a 50 pips movement to make 500 pips... How? If I prove my self than you....

Cheers!

1 idea i have.

is why stop on breakeven?

why not close it at +1 pip instead of breakeven?

yeah I actually try to set it to +2 pip in my version, but for some reason the stop is not setting properly and still ends up closing losers for 30 pips.

I'm not sure but seems to me MT won't just let you set your TP just anywhere you have to use a trailing stop to move it up.

Unless someone knows otherwise because all I get is Ordermodify error 1 when I try to do this.

Hi everyone

I wanted to share this system on this thread because it's very similar what I've been using for about 3 years and another secret that many big playes using this system so ,please don't ask any questions as I will disappear after this post , won't be able to answer your questions, think this as a present from father christmas.
Okay te system is a bit complicated but no loss for this system but you need a good capital.
here we go.
Enter the trade however you feeling on that day, sell or buy , for instance you decided to buy, 1.300 with 0.1 lot, okay
you think that the trade will go against you(with this system you have to always feel like this because system is opposite trade system)so you start sending pending orders (this is mathematical )every -20 pips place 0.1 and another -20 0.1 lot now you have 1 open and 2 pending,it's going down, so you place multiply 0.1(you have 3 open trade on 0.1 lot) with 2 so you need to open-60 pips 0.6 lot and after that 80 pips 1.20 lot so you place your pending orders multiplying by 2 after 0.6.
now with stoploss or target price, there is no target price, but with stoploss ,this is ow it works, the first order goes -20 pips , for this order target price breakeven ,if the 1st order goes -40 than 1st order target price -10 , so with this calculation you go down, cut the losses short , if second order goes into profit, trailing stop 20 pips, let say we went -100 pips than the bottom trailing stopm 100 pips, it's all about staying in the trade,if you are happy with your profit use a script to close the orders in one go.
good luck, happy new year