Trendlord EA Daily System

Last 2 weeks i have been creating the Trendlord EA.

It actually started out because i wanted a system based on the Trendlord indicator. Ofcourse, this wasn't enough and needed some extra confirmations before it could work.

-First i put trendlord in the EA (which was actually a EMA50 i read, but now EMA48 in V10)
-Then i added Heiken Ashi to exterminate some other little losses (removed in V10)
-to close the orders when trend is reversing, i added the KG GGH signal indicator in the EA.
-as an extra, i added an ADR(20) indicator in it, if the KG GGH signal would be too late. The ADR value is divided by 2 and used as stoploss.
-should work with different digit brokers

It does not have many options (took me already 2 weeks to code, google test, etc. , since this is my first EA i created), but you can change the following:

-Lotsize
-MagicNumber
-EMA period
-Close orders when detaching EA
-Show total EA earnings
-send email when order opens/closes

UPDATE: Forgot to mention the entry and exit rules
Entry rules for buy (and reversed for sell):
-bar open must be under EMA50 and close above EMA50
-after the bar closes above EMA50, order is placed at start of new bar with S/L of half of ADR(20).

Exit rules for buy (and reversed for sell):
-when order reaches to S/L (half of ADR(20))
-when bar open is above EMA50 and closes below EMA50
-when pair start to turn down and signal from KG GGH is received, order is closed

When an order is closed, it waits until it receives a new valid signal (by above rules).

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All the EA information i found relevant is placed on the right side of the screen.

Right now, i think i'm finally ready coding for now, so i placed it on a demo account today and will see how it goes. luckily there was just a buy signal today for EURUSD, so got an entry right away.

Strategytest from the last 2 years (latest version):


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THE EA
V9:

V10 (No Heiken Ashi, EMA48):

V10 with TMA option added:

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P.S. I created the system for DAILY timeframe only, and have only tested it on EURUSD pair.

If someone has improvements, or wants to test, or share other useful information regarding the code, please be my guest and lets hope for a great 2011

Screenshot of the system, currently running on demo account:


almost all above code is by EA, i use the following template and indicators to complete it (clock and market price):

Made some bugfixes and reposted the EA in Post 1. changes were only made to the displaying of the current open orders en profit which kept showing after order hit SL. Also the current order profit now also takes swap in mind.
First buy order from yesterday (late, because i was just finished in the evening with the EA) was a BUY order @ 1.3360. Got hit by SL today @ 1.3296.



As it is looking now, if the pair closes below 1.3325 a new SELL order will be taken at midnight.

I'll post results when they arrive

Hi there, then backtesting your ea, it does 3 orders in 2009 and then stops, i get unmatched data error in journal , any solutions to this ?

you should delete all history in your mt4 history folder, and re download them. as you can see in the strategy tester report, i also probably have some mismatches (modelling quality 90%). dont know if its possible to have 100%...

No error now but still only 3 orders... I will try different broker mt4 tomorrow.

i'm using fxpro demo account myself and on EURUSD on Daily TF. deposit value 1000 and started testing from 01.01.2009 until 01.12.2010.

Update: fixed another bug to reset the ready variable, so new trades will be taken after previous has been closed by SL. Also removed some lines which were actually already doing the same function as elsewhere in the code. Latest version in post 1.


Btw. no new trade order taken. All except Heiken Ashi confirmed downmove. So will have to wait for the next valid signal now

I tested it today with same broker (FXPRO) and period. Is not the same as your graph at all..

strange, you're sure your using the same dates to test too? i will test again later tonight and post back to you.. maybe i changed something while "bugfixing"

If you are trading the eurusd on daily, I will suggest you try the 21 ema instead of the 50 ema for the EA.

ok thanks for the help. will change to 21 and run test again

ok tested again. first shot is from v9, but something has changed yes, less trades but profit factor is higher, must be because a error in the code which i fixed:


next is the latest report from the new v10:


V10 will be posted in post #1. in v10 i removed Heiken Ashi.

Currently running some optimize functions to check other EMA values. will come back to that later when results are in.

maybe your history files are not correct? why does your graph not show modelling quality? n/a?

Wow, profit factor up to 18,34! Thanks for the hint for different EMA, EMA21 didn't work out, but 48 much better!
Here's te report for V10 with EMA48 (the V10 in Post #1 has now EMA48 set as default, uploaded again)

This looks very promising. I will try to do some testing on other pairs as well when i get time.

great, let me know how it works out. i've also been running the optimize function on the GGH signal and with period of 39 instead of 8, i get the following result:

Looks now it's working !

great, was it the history files or something else before? Also, im still looking to input something to see when currency is ranging, or only allow trades when adr value is >100 for example, or add tma to cut some more losses

how about taking profit ?
targets?

no fixed TP level. it goes from cross to signal/cross. only S/L is based on ADR(20) value divided by 2.