Profit All Day with Retracement - EA development

Yeah, enter where the 100% fib touches the candle, if you're conservative you can exit at the 161.8, but if you pick the trades carefully the 200% is usually hit.

Thanks, I will have to backtest it. I like to discover new things.

Here a short thing I wrote about partial close, might be helpful to someone. (one can always close 30% 40% or whatever seems best to him at 2:1) http://www.forexfactory.com/showthre...277730&page=85

Hi

Below is a good example of a reversal type trade failing (the one marked with x) - remember trading using the reversal CCI is inherently more risky than waiting for the cross into the buy/sell zone (the second trade was good - when it entered the buy zone).

Main Point - Reversal zone trades are RISKIER

Could you point out the failing 123 points as I'm not quite sure where you mean on your chart

Hi Forex1962

i think we have some wires crossed, I am not using 123, I am simply using standard PAD but instead of confirmation of trend at higher TF with MA's, I am using CCI on the TF i am trading.

The reversals I mention are in relation to the CCI crossing into the No Trade / Reversal zone of CCI.

Regards
John

It wouldve been a winner in my case, because I usually put SL at the lowest fractal (if it is not too far away), but SL wouldve almost been touched in that case.

Hi All

on the main thread for PAD I have posted an EA for demonstration purposes that show the effectiveness of the "original" PAD methodology.

http://www.forexfactory.com/showpost...postcount=1282

Regards
John

Seriously, just awesome man!

I for one really appreciate it

Hi All

after discussions on the chat today here is an EA which "semi" automates trading with Profit All Day.

Note :- This is currently based on standard PAD not the retracement option

Please help test this version as this will be the basis for all future automations of PAD in whatever new guise.

Note:- At the moment there isnt much in the way of error checking on the parameters, please be careful when modifying them.

Regards - John

Instructions follow:-
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How to use the !PAD Assistant EA

NOTE:- This EA does not check the general trend, the user must define the trend direction!!!

The EA’s parameters are split into 5 sections, they are as follows:-

Controlling Section

xb_Bull.Allowed – If Bull entries are allowed to be taken
xb_Bear.Allowed – If Bear entries are allowed to be taken
xb_Target.1 – If a target 1 (and accompanying stop loss 1) is to be used
xb_Target.2 – If a target 2 (and accompanying stop loss 2) is to be used
xb_Min.Levels – If minimum level markers are to be drawn on the screen (for use in ranging markets, orders will only be taken above/below these levels)
xb_Manual.Reset – If the EA needs to be reset (using F7|OK) after an order has been opened before any new orders are opened.

Order Open Section

xb_Money.Manage – If money management is to be used
xd_MM.Risk.Pc – If money management is switched on the total risk of free margin to be allowed on the trade (based on the stop loss)
xd_Lot.Size – If money management is switched off, the lot size to use
xi_CCI – The CCI period to be used for confirmation of open
xi_CCI.Threshold – The minimum value of CCI before an order can be opened (value is for Bull, value is multiplied by -1 for Bear)

Order Close Section

xb_Partial.Close – If partial closing is to be used
xd_Close.Partial.Pc – The percentage of the order to be closed on reaching TP
xi_EMA.Fast – The fast EMA to be used for trailing
xi_EMA.Slow – The slow EMA to be used for trailing

Notes:- if partial closing is chosen, and the percentage to be initially closed results in the remaining part of the order not covering the minimum lot requirements then the order is closed leaving the minimum lot requirement.

The trailing part of the order will only be opened if the order is closed on the TP, or manually by the user.

If the order is stopped out (even if on an intermediate stop) then the trailing function will not be activated.

Other Orders Parameters Section

xi_Hidden.Offset.Pips – The number of pips offset between the SL/TP you want and what the broker receives
xd_Target.1.Pc – The percentage of SL that is to be added to the open price for target 1
xd_StopLoss.1.Pc – The percentage of SL that is to be added to the SL once target 1 is reached
xd_Target.2.Pc – The percentage of SL that is to be added to the open price for target 2
xd_StopLoss.2.Pc – The percentage of SL that is to be added to the SL once target 2 is reached
xd_Default.TP.Pc – The percentage of SL that is to be added to the open price for the TP
xi_Default.MinLvl.Pips – The default number of pips to be added to the bid price to create the initial minimum level lines
xi_Slippage.Pips – The number of pips allowed for slippage (generally the same as the average spread pips)
xi_Magic.Number – The magic number assigned to orders from this EA, only orders with this magic number will be considered by the EA

Note:- The pips values are pip values, they will be automatically converted to the correct points value dependant on your broker being 4/5 or 6 digit.

Display Options Section

xc_Text – Color for the text on the screen
xc_Bull – Color for Bull, as well as the color for the upper minimum level line
xc_Bear – Color for Bear, as well as the color for the lower minimum level line
xc_Stop.Loss – Color of the stop loss line
xc_Take.Profit – Color of the take profit line
xc_Target – Color of the target lines
xc_Inter.SL – Color of the intermediate SL lines
xs_ObjPfx – Unique identifier for the EA

Once an order has been opened by the EA, the SL, TP, targets and intermediate stop losses can all be changed by dragging the appropriate line on the chart.

The minimum levels can also be dragged to their new positions in the same way.


On the screen is displayed the status of the EA.

The order types allowed (these will be replaced by “Reset Reqd.” if manual reset has been selected and there is or has been an open order)
The current mode, this will either be “Main” which means that TP is in force as well as targets, or “Trail” where TP is removed and closing is only performed on EMA cross.
The rest of the information displayed is self explanatory.

For screen clarity once there is an open order, any minimum level lines will be removed.

nice work john! will try it out.

sharon.

Thanks a lot!!!
good working, keep following this!

Hi All

there has been an upgrade to the PAD assistant over the weekend.

New Features/Bug fixes

Fixes problem with the reset reqd. display
Option to post on the chart the trade arrows
Send alerts when orders are closed
Modify SL to be at least B/E when trailing activated and no targets used
Back panel to make display easier
New parameters section with order confirmation settings (includes now max spread)
Additional information panel (can be switched off)
4 methods of trailing (ema x, atr, psar, fixed)
Option to wait for a closed candle above the trigger

8th March - EA removed due to major fractal logic bug
Regards
John

JMW,

I have a trade on the gbpusd, but I'm not sure where it got the SL and TP from?

Hi

the default for the TP is 100% of the SL, but what is more worrying is the lack of lines, and that the EA is still showing BULL BEAR, that should have switched to Reset Reqd.

For some reason the EA does not think that this is one of it's orders

Have you changed magic number settings or something??

John

Nope, I have not changed the m# and this is the only EA running on my account. I'm running the ea on eurusd, gbpusd and gbpjpy with Forex.com US. I had another trade taken on the gbpjpy and the CCI was in the middle 90 and -90, which is a no trade. Don;t have a screenshot for it.

I'll enable the EAs again to give you more examples

Hi All

during continued testing today, i found something that I had completely forgotten about, fractals can repaint upto 2 bars back

the current logic does not check how old the fractal is and therefore can post entries on a fractal which is then removed (I think this was your case hello as it happened to me on USDCAD today)

This requires quite a bit of logic change, so have removed the current versions of the EA, will post again once I have this sorted.

Sorry for any inconvenience.
John

it's not repaint, it is a definition of a fractal: there have to be at least two lower candles on each side and they have to be closed candles. The fractal sign apprears and disappears while the last candle is forming to give you info about a possibility of a new fractal here.

I see there are many cool problems one has to solve making an EA.

Thanks JMW! I think we need to use something like FerruFX hh/ll indicator that he created. Seems to be pretty accurate.

Wheres Cubby?

He doesnt comment on this thread, likewise he rarely commments on the original thread nowadays.