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Close EA on Stochastic Cross

  • #1
  • First Post: May 22, 2011 2:08pm May 22, 2011 2:08pm
Hi,

I am manual trading on the daily charts, using a stochastic 8 3 3 cross as my exit trigger.

Basically when the fast stoch crosses the slow stoch I exit the trade.
Unfortunately due to work commitments I cannot get enough screen time and often missing the close until it's too late.

No other mm or other features are required, basically once I open a trade, I would like to drag the close ea onto the chart and let it wait until the stoch's cross to close.

I have searched both here and other forums and found plenty of alert/signal type stochastic ea's but nothing using stochastic to close.

If someone would be willing to help either code or point me to where I could get an ea that has this function, I would really appreciate it.

Thanks in advance for any assistance
  • #2
  • Edited 11:53pm May 22, 2011 11:50pm | Edited 11:53pm
Quoting fxozgirl
Hi,

I am manual trading on the daily charts, using a stochastic 8 3 3 cross as my exit trigger.

Basically when the fast stoch crosses the slow stoch I exit the trade.
Unfortunately due to work commitments I cannot get enough screen time and often missing the close until it's too late.

No other mm or other features are required, basically once I open a trade, I would like to drag the close ea onto the chart and let it wait until the stoch's cross to close.

I have searched both here and other forums and found plenty of alert/signal type stochastic...
Hi,
well - every one has to start somehow...

write here or PM me the exact description of the closing condition (every time when they cross and a position is open, or only when above a certain level, only when you have a profit, should it be cross from down up or from up siede down, will you trade only with one position open on a certain pair, or a few of them (if yes, should it close only the one with crossed stoch or all of them), etc.
...and I will write you a small EA which will do the task for you.

It would be better if you describe the whole strategy...
greetings,

CoVal
  • #3
  • May 23, 2011 1:11am May 23, 2011 1:11am
Quoting CoVal
Hi,
well - every one has to start somehow...

write here or PM me the exact description of the closing condition (every time when they cross and a position is open, or only when above a certain level, only when you have a profit, should it be cross from down up or from up siede down, will you trade only with one position open on a certain pair, or a few of them (if yes, should it close only the one with crossed stoch or all of them), etc.
...and I will write you a small EA which will do the task for you.

It would be better if you describe...
Hi CoVal,

Thanks for your offer to help write this EA...

I know it probably seems very basic (and it is) but it will certainly assist me with my trading.

I will be trading multiple pairs on a daily chart. Once a trade is open I would like to be able to load the ea onto the chart and let it wait until the stoch's cross.
All I need the ea to do is close the trade every time the stoch's cross and a position is open.
The ea should only close 1 trade at a time which is the trade on the chart it is attached too.

No more, no less.

The basis of the strategy is that I will manually open a trade at the open of a new candle following the trade set up, the trigger to close will be when the stoch's (8 3 3) cross, anytime, anyhow, whether the trade is in profit or loss.

I hope this helps, if you need any further information please let me know.

Cheers & Thanks in Advance
fxozgirl
  • #4
  • May 24, 2011 6:57am May 24, 2011 6:57am
Quoting fxozgirl
Hi CoVal,

Thanks for your offer to help write this EA...

...
The ea should only close 1 trade at a time which is the trade on the chart it is attached too.

No more, no less.


Cheers & Thanks in Advance
fxozgirl
Hi fxozgirl,
Seeing its over 30 hours since your request, I thought I'd give it a try.
Here is a Stoch Cross Ea.
Please note that the default is set to trigger on each tick. If you prefer to wait till the end of the bar, EachtickMode should be set to False.
Hope it helps.
EaglePip
Attached File(s)
File Type: mq4 StochX.mq4   7 KB | 2,213 downloads
  • #5
  • May 24, 2011 12:31pm May 24, 2011 12:31pm
Quoting EaglePip
Hi fxozgirl,
Seeing its over 30 hours since your request, I thought I'd give it a try.
Here is a Stoch Cross Ea.
Please note that the default is set to trigger on each tick. If you prefer to wait till the end of the bar, EachtickMode should be set to False.
Hope it helps.
EaglePip
wow - you're fast like an Eagle...

I have time to play with mql only in evenings... which is now....
so attached you may find my version...

greetings,

CoVal
Attached File(s)
File Type: mq4 EA StochCloser1.mq4   2 KB | 2,102 downloads
  • #6
  • May 24, 2011 3:28pm May 24, 2011 3:28pm
Quoting CoVal
wow - you're fast like an Eagle...

greetings,

CoVal
he..he.. we are about 8/9 hours ahead of Europe !
Sorry ...just wanted to practice some simple coding.
We rookies need to look after each other!
Like how you have included comments to give user feedback.
Also noticed that waiting for cross, gives back pips.
What do you think about using Stoch reversals to close?
  • #7
  • May 25, 2011 12:59am May 25, 2011 12:59am
Wow!

Hi CoVal & EaglePip,

I really appreciate both your efforts.

I have loaded both ea's onto the same pairs and time frame to watch how they both work simultaneously. I must say I love the screen comments as well CoVal

Eaglepip, I'm contemplating using the wait till the bar has completed function, as I have observed the stoch does tend to move around a fair bit depending on how much the price action is moving and I would prefer not to get stopped out on a slight pull back in price and then have the price continue on in a positive direction.

With that being said I will test it both ways to determine the best outcome.



I will let you know how they go...

Thanks again
  • #8
  • May 25, 2011 4:07am May 25, 2011 4:07am
@fxozgirl:
the best way to find out if the tool works for you is to run it on a demo acocunt with i.e. M5 timeframe instead of H4.... otherwise it will take some time to check all possible crosses up to down and down to up...
Have fun using it and if you want me to make some changes to it - just let me know...


@EaglePip:
well, frankly speaking I avoid to use standard Indicators. they do not suit my trading habits... they were created to work perfectly on a daily charts, and not really on M1 or even H1...
Usually I trade with totally different trading systems - starting with Pair Trading, going through fully automatic Price Action systems and ending with High Frequency Trading Systems with positions being opened and closed within seconds... .
for the using of the HFTS I have been already expelled from numerous MM type brokers... simply - there was a conflict of intersts - they do not like to lose money and I like to earn them...
  • #9
  • May 25, 2011 6:50am May 25, 2011 6:50am
[quote=CoVal;4643076]@fxozgirl:
the best way to find out if the tool works for you is to run it on a demo acocunt with i.e. M5 timeframe ..
Have fun using it and if you want me to make some changes to it - just let me know...


@EaglePip:
well, frankly speaking I avoid to use standard Indicators....

CoVal, you are ahead of many who are still getting to grips with pure PA. There are a couple of threads here on Pairs, but with the information overload, have yet to discover a succesful system!

Hope the EAs are working for fxozgirl.
  • #10
  • Jun 25, 2011 7:00pm Jun 25, 2011 7:00pm
Hello everyone ,

I am interested to have someone making me an EA with a stochastic indicator to buy or sell when enter a position and close the position also. Can someone please help I will appreciate very much.

Regards

Gegusse
  • #11
  • Aug 3, 2011 3:56am Aug 3, 2011 3:56am
Hey Coval!

Nice ea you wrote here! I wondered if it is possible to adjust this ea to an autosell ore autobuy when de stochastoc crosses? and then when they cross again the trade stops?

Hope to hear from you.

Greetings,

Rob
  • #12
  • Edited 1:42am Sep 17, 2011 1:41am | Edited 1:42am
Quoting EaglePip
Hi fxozgirl,
Seeing its over 30 hours since your request, I thought I'd give it a try.
Here is a Stoch Cross Ea.
Please note that the default is set to trigger on each tick. If you prefer to wait till the end of the bar, EachtickMode should be set to False.
Hope it helps.
EaglePip
Wow! this is what i have been looking for. I like this EA!

But, can i get helps from you to modify this EA?

Close long order when stoch cross above 80
Close short order when stoch cross below 20

plus True and false for this closing rules.

Your co-operation would be much appreciate.

Regards
Universal.
  • #13
  • Aug 18, 2012 2:25am Aug 18, 2012 2:25am
Hi everyone.
I would like to know if it would be possible to code and EA. The objective of the EA would be to close an existing open position. The EA would be based on the stochastic indicator.
One should be able to introduce as input on the EA any stochastic values, e.g. 13,3,3 or 18,7,5 or 248,50,45 or whatever, although de D% value of the stochastic won’t be use to close the position.
The EA would be able to close the position when 2 conditions happen at the same time. The first condition would be that the K% value of the stochastic should be over or under a specified level. The second condition would be that the stochastic reverses.
For example, I would like that the stochastic closes an open position when the current value of the stochastic (just the value of K%, the value of D% is not used) is above 70% and at the closing the stochastic is reversing, that means that the value of the stochastic is smaller than the value of the stochastic in the previous bar (for example it changes from 85 to 83). So the position won’t be close automatically unless the stochastic crosses above 70% (or any other specified percentage) or is already over 70% and the stochastic registers a value which is smaller than the value of the stochastic registered in the previous bar.
On the other hand, for example, I would like that the EA closes the open position when the stochastic is below 25% and reverses, that means that the value of the stochastic at the closing time should be higher than the value of the previous bar (for example it changes from 12 to 16). So the position won’t be close automatically unless the stochastic crosses under 25% (or any other specified percentage) or is already under 25%, and the stochastic registers a value which is higher than the value of the stochastic registered in the previous bar.
To sum up. You should be able to specify:
- Any stochastic parameters.
- A level over which the stochastic should be for the position to be closed. In this case the position will be close when the stochastic registers an inferior value compared to the value of the stochastic on the previous bar.
- A level under which the stochastic should be for the position to be closed. In this case the position will be close when the stochastic registers a higher value compared to the value of the stochastic on the previous bar.
It would be interesting if the value of the stochastic would appear on the chart, but it won’t be absolutely necessary as long as the EA closes the position when the conditions are met.
I think this would be a good and useful EA to close positions fast and profitably.
Thanks in advance.
Nirgelep
  • #14
  • Last Post: Aug 20, 2013 9:45pm Aug 20, 2013 9:45pm
Hello,
I was hoping somebody here can help me modify the attached EA. I thought I had modified it so that it will close as soon as the stoch lines cross. As you can see from the attached screen shot, the last two trades closed after the stoch line crossed several times. I am not a programmer so my understanding of coding is limited. Can somebody please help me....

Thanks!
Attached File(s)
File Type: mq4 DTEA_Breakout 2-19-13 current.mq4   14 KB | 674 downloads
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