Ronnierott's 1 Hour Strategy

No, just TP and SL = 100
useexitofema set to false

Jubu,

Great EA. I've been following this thread with interest for some time. I'm definitely impressed with test results so far.

Would it be possible to change these numeric settings into the universal MT4 type of pop-up inputs window for color choices?

Hope so.

Thanks again for all your time and efforts!

Hi,

This is the second week I test the EMA exit. It still works after I restarted my MT4. I regret not using another demo account to test the EA with the EMA exit set to false. That way, it would be easier to compare which strategy is better. Anyway, I attached the trading history.

Still tested on more than 20 pairs (to have more chance to observe the EMA exit) with 0.01 standard lot. Total of 26 trades for this week, +170 pips (+$18.14). I closed the CHF/JPY manually today with a gain of 74 pips. The rest trades are all entered and exited by the EA.

Balance: $3069.94 ($3000 deposit)
Equity: $3072.04

OK.. so here are this weeks results using the EA with standard parameters nonstop :

E/U +100
U/C +100 (actually this should have been +100 if I hadn't closed it manually because of my stupid intuition)
G/U +100

7 trades @ B/E +7
3 trades currently in play.. N/C, U/J and G/U

So.. a total of 307 pips this week. Not bad.

I got 2 winners on my account, with 4 BE's - So 204 pips

G/U +100
U/C +100

3 trades still running, U/J, G/U and G/J of which two are at SL/BE now.

@ Jubu - Are you using the new version Jubu? Does it 'trade' any differently?

@ Ronnie - Would you mind me asking what your biggest weekly/monthly loss was?

I'm up 725 pips since the 1st of May with your EA.
No losses so far.
A million thanks to you and Ronnierott.

Yes I am trading the last version and yes, it probably trades differently depending on what version you use. The parameter that would make the difference would be AllowNextTrade.

PLEASE READ EVERYTHING IN THIS POST.

Here's the last(for now) version of the EA.
Before I tell you about what's new in this version I want to let you know that I will be adding no more options to the EA in the near future. First we will have to test or backtest these ones and eliminate the unuseful ones because the EA is getting too complicated and hard to understand and that is not a good thing.

Now about the EA update to v3:

1. Added EMAOfExit parameter to the UseExitOfEMA option. What this means is that the ExitOfEMA option does not depend any more on the global EMA parameter. Now you can change the value of EMA at which the EA should exit a trade without haveing to change the whole system of entry.

Parameters:
EMAOfExit = 15 // Period of EMA

2. Fixed a little bug in the code of the ExitOfEMA option. This is regarding the issue at post #922. The issue shiningstar was having.

3. Added Continuous TrailingStop. This trails the SL pip by pip. The other trailing stop trails by the exact distance.

Parameters:
UseContinuousTrailingStop = false // ON or OFF switch.
UseTakeProfit = true // If this is set to false it will trail the stop until the price hits it.
ContinuousTrailingStop = 50 // Distance between price an StopLoss.

4. Added UseTrendsCondition. When this is set to true the EA will only enter a trade if the 3 time frames (H1, H4 and Dalily, like the indicator shows) have the same trend "UP" or "DOWN".

Parameters:
UseTrendsCondition = false // ON/OFF switch
TendEMAs = 50; // This represents the value of the periods of the two EMAs(one applide to high price, and the other to low) used for the trend determination. These are separate from the signal ones.

Other useful info.

If you don't know what all those parameters in the EA are, here are the links to the other EA and indicator updates where I explain every parameter.

RonnieSignals : post #556 and #528
RonnieSignals v2.1 : post #579
RonnieRott's by JuBu : post #604
RonnieRott's By JuBu v2 and Ronnie Signals v2.2 : post #689
RonnieSignals on Heiken Ashi : post #826 (This one is separate)
RonnieRott's By JuBu v2.3 : post #850
RonnieRott's By JuBu v2.6 : post #874
RonnieSignals v3 + TEMPLATE and 3 more useful indicators : post #912

Note : Don't download the old ones, some of them are bugged. I just mentioned them for info.

Also I will add the RonnieSignals v3 here because i have made some changes to the "Color of Trend's" parameters. Instead if being integers(numbers as colors) they are normal colors now(Red, Blue.. etc.) for you to chose from. Thanks to forexhard in post #942 for pointing that out.

This time I will only give you the source code (mq4 file) of the EA and Indi for you to compile yourself. Hope this will eliminate all broker/build issues.

Now for the testing part.

As I said up above I will not create another version of this EA until we have tested all the options that we have so far and have found the best results. Now for that to happen I will need your help and whoever wants to help is welcomed.
I will give you below a Microsoft Word document named Backtesting.doc which you will have to fill out with the results of your backtests. This document only contains 16 different combinations of 5 parameters. You will have to backtest on the pairs enlisted with the parameters that I give you in the document, fill out the results and post them on the forum. The testing will be done only in US$ so be careful when you set the currency of the backtest.
This is only the first part of testing. After finding the best result for these pairs we will continue to combine them with other options that we have within the EA.

When you will backtest, you are only to change the parameters written in the file, the other ones remain the same for now. I have written in Bold the parameters that need to be changed after one backtest in the file.

Only possible updates in the near future will be for fixing bugs.

Have a nice weekend and to as many pips as possible!

Jubu - Many thanks for this,the very least I can do is offer to help out.

let me know what you would like me to do , I've never done any backtesting before I'm afraid but have a spare PC to run them.

Everyone,

Here is a PDF of all of the best information found in the list of older posts Jubu just listed in his last message. It's now all in one easy to read format.

Enjoy.

many thanks

regards
.Hawk.

many thanks to you jubu

i have not traded EA yet, i trade manually as i am not able to leave computer switched on.

will definitely try last version on monday in idle time

regards
.Hawk.

(ronnie, my apology for an offline topic)

food for thought on a sunday :

Guys

for a very useful thread like this, how do you guys copy all posts in one file with minimal effort

i tried using software's like offline explorer & blah blah.. to copy entire thread but not impressive.

i wish just like forexhard has all jubu EA updated in one pdf file, a thread could be copied in entirety without copy/paste posts manually in one pdf or ms word document.

regards
.Hawk.

Hi Boldpoint,

Welcome to the thread.

Long may these results continue

Ok,

Jubu's amazing work with the EA and signals are now on post 1.

As updates are done I will update post 1 so it will always have the most current issue.

Should make things easier and save time searching.

Excellent. May I suggest adding my PDF as well?

how do i compile the indi and ea?

Done...

Many thanks

Hi Ronnierot!

Do You still trade the 4 pairs in the beginning of this thread?
Do You allow new trades if the old is + 50 pips and BE?

Best wishes
Elovv