Ice cream 2.0

Hi friends! I have been a long time lurker here on the FF. I have learned a lot about forex drifting through this as well as many other forums. I kind of shied away from the forums for a while. Then I heard my favorite mentor mp6140 (mike as I like to call him) has passed on. I would like to carry on Mike's tradition with an added twist. An EA for those times that you can't be near your computer. Mike traded 18 hours a day. There was no one like him that I found on the internet. Even With his crazy diatribes I can atest he knew what he was talking about.


Mike's methods are not for the feighnt of heart. They also require quite a lot of equity and nerves of steel. I am setting this thread up as a continuation of those who have learned from him.

I don't trade. I manage Margin ---mp6140

RIP Mike. You are loved and missed.

Below is an EA I had developed based mainly on Mikes Teachings. It is an evolution of my personal trading experience. Mike was a huge part of that evolution. This EA is not a "set and forget" kind of EA. It WILL destroy your account if you let it loose on it. This is a fusion of robots and human intelligence. I can't believe I am letting this out to the public for free since I did spend a lot of time and money on it. I see it only fitting though as Mike taught selflessly about how he trades. Its a totally different philosophy than the standard stop loss TP R:R ratio thing. Its poetry in motion. And it does work. But it does take some time to learn it.
I have been trading this way for a few months now. I believe I got most of the bugs Ironed out but input is always welcomed. I dont claim to understand all of what Mike taught but I can help interpret wherever I can. This has hit me hard as mIke was not only a mentor but a friend. And for that I must pay it forward.


Below is the EA. I spent over a thousand dollars on its development and its dstill not finished. I am giving it away simply because Mike gave so freely of himself. Its not a finished product nor will I believe it will ever be. For a robot thinking in 0's and 1's will never outsmart a human. But when forces are combined........

I call it forexbadass. Kind of a suit of armor to protect you from the bullies in the forex market.

This is not a set and forget EA. It WILL destroy your account if left unattended.

This is a method using an EA and MP6140's teachings. If you don't understand his teaching do not put this on you account.. I will explain later how it all works.

My apologies to the mods of this fine forum. As I have seen my thread has been moved. I should have known better. I may reinstate this thread in this quorum because a "moved" thread may chase a few people away. Please bear with me if I do.

If you place this EA on your account. I suggest you demo it for a while to get the feel of it. It is intended for the Eur/USD but can work on any pair. The EA trades in the direction of the the global trend using Chaos as its entry signals. Ideally it should be placed on the m1 but can work on the m5 as well.

It will trade mainly in the direction of the global trend but will counter trend trade if conditions warrant it. it will control your profits extremely well but not so much your losses. That is your job. And it will take some time to learn this through trial and error and a lot of screen shots.

if there are any questions please do not hesitate to ask. I am revealing this to help the noobies.

As a side note. This EA will NOT work on NFA regulated brokers. It requires a decent amount of leverage and no FIFO. it will NOT work on a US broker. I could go into a rant about that but I choose not too.

reserved because I was taught to a;ways reserve a spot at the top of a thread.

how the EA works......

This method is based on following the immediate trend through out the day. it is controlled by the global trend Moving Average. The EA will trade mainly in the direction of the slope of the moving average unless price starts approaching that average. it will then reverse its logic and start trading in the opposite direction. however, Sometimes it will leave trades behind as price retraces or reverses in the opposite direction. These trades I call "hanging trades' in that they create drawdown to my account. something i dont like.

Here's the neat part....

I don't always allow these trades to hang on waiting for price to return. Because I dont have to analyze entries I can spend my time analyzing exits of my losses.

What I do is move my take profits to what I call the least probable loss. (LPL) This allows price to trigger a loss at my desired point instead of me violently pulling the plug on trades that have gone into drawdown. I take the least probable loss based on the MP6140 template (or the ^eagle^ template which is a simplified version of Mike's) There by squeezing my losses out while the EA manages my gains.

Hey Eagle when I try to run a backtest, the ea is looking for an aP_dll2.dll file! Do you have it available? Thank you

Can you post the manual method? Many of us do not use EAs as we have learned they will ruin your account.

Thanks

yes please i want manual method

same here Alpari Co Uk
forexbadass EURUSD,H1: cannot load library 'AP_dll2.dll' (error 126)

I honestly do not know all of his manual method. I just took his ideas and molded them inot my own trading method which allows me the freedom to walk away from my computer while the EA places trades.

Attached is the DLL. I will condense everything eventually.

Running this through a backtester will not produce good results. I told you this is hybrid method. iIt's not the holy grail and I do not hold trades as long as Mike did. You can if you wish. but I will explain in detail how I operate it and how Mike operated as well to my understanding anyway. My template is not as Ornate as his as I dont use the oscillators.

The EA settings....

As you can see there are numerous settings to this EA. One by one I will explain each of them.

1.security number. Just a key hole. its disabled so don't worry about it. You may get an error message saying wrong security number but it should trade anyway.

2. delay seconds. Some brokers require a delay between when an order is placed and when the stop is placed. If your broker requires this find out how many seconds the broker needs for this delay. that will be your input. For most zero will be fine.

3.Lots total number of lots on any one trade. Set to zero if using the Lotsriskreductor

4. Lotsriskreductor Takes a percentage of your equity and uses it to place the trade. I suggest an input of .1. This EA requires a lot of equity so your trades should be small.

5 Max orders The maximum number of orders the EA will place before not placing any more. I recommend a minimum of 6 and no maximum IF you have the equity.

6. Max lots. The number of lots allowed out of your equity before it stops placing trades. I never use this myself as I keep my lots small

7. Stop time The time allowed between trades IF the previous trade is still open. I recommend a value of 60. Smaller values open many trades at the same time and at the same level creating severe drawdowns.


8. Equity stop percentage A"save your ass stop" If your trades are too big. This is about managing margin You trade small but trade frequently. Percentage values can vary depending on your risk tolerance. I set my at 50% but I never even come close to that.

9.Close end of month. This is an old feature I no longer use. It will close all trades regardless of position at the end of the month wiping the slate clean. I do something better now. Set to false

10.Slippage allows some freedom of pips if the price quote is different from when the trade is executed. Three is plenty

11.Order magic Magic number for your trades. Use any number you wish. will segregate it form other EAs trades.

12. Take profit your maximum take profit value. This is a scalper and I rarely see fast moves greater than forty pips on the e/u so I set it to forty.

13. Stop loss I could write a whole thread on this topic alone and how much heat mike took for not using a stop loss. If you use one I recommend at least 250. I will explain my theory as well as mikes on stops in another post.

14 trade trip Will act as a Mouse trap and slam shut when you reach X pips profit then slip back. Very effective at catching profits. Set to true

15 Trip level, The value of X for the trade trip. I set mine to 10 (pips)

16. Trade trailing Trailing stop feature. Set to true.

17. Trailing stop When trailing stop executes. I recommend the same value as your trip value

18. Trailing step. The amount of pips price has to travel in your favor before the trail is dragged. I set it to 2

19. Use Filter A This seeks out when to execute trades. It is the look back period for the demarker oscillator. Set to true

20. Filter A period is the look back period of filter A Set to 13

21. Use Filter B WPR filter. Find it stifles trades set to false.

22. Filterbperiod Look back for WPR set to 13.

23.Use filter C An RSI filter. Looks to reverse trades if trend reverses. Set to true.
24. Filter C period Look back for Filter C Use 14
25. Filter C TF Timeframe which filter C runs on. Use 5 for range and 15 for strong trends.

26. Use MA control (global MA) Set to true if you want to live.

27. Chart MA Timeframe which Global MA runs on. Recommend 240 (4h chart)

27.5 Period MA Look back period of MA. Set to 10

28. Price MA 0_6 Sets MA price to use. Recommend O for close

29. Type Ma0_3 Type OF ma USED RECOMMEND 3 (LWMA)

30. Span gator Measures Alligator mouth opening to execute trade. Recommend .5

31. Hedger functions I do not use this feature. It will destroy your account if you do not have tons of equity. I shut it off. Do not use unless you can have 100 trades open and not come near your equity stop. Set hedger to false will turn off all hedger functions. If you want to use them I can explain what they are in another post but I warn you now they are equity munchers.


Skip to hours
32. Start time hour/minute end time hour/minute This will vary from broker to broker. I recommend allowing the EA to begin trading after the China open and stop trading two hours before NY close. One hour before london close on fridays.

Day of week
0=sunday 6=friday

day of year Numerical value of day of year. You can shut it down during holidays or whenever but you will have to figure out the numerical days you do not want it to run. By default it does not run between a few days before Christmas and a few days after new year. It can be turned back on by using 1 and 365 and turn off for new years. Do not set to zero.

Hello Eagle,

How the heck are ya.

I too was a fan of Mike Parker. We had a lot of fun on his threads and his tongue in cheek style of writing. I sincerely hope he found his castle in Pipsville, Heaven.

I've been accused of being MP on some of my posts so some of his teachings did finally sink in to my thick skull. Once you learn it you can't trade without hearing his words.

Very few of his students every "Got it" although now it seems all so simple. I have graduated from all the indicators below the chart which to me was just a distraction. I watch support and resistance very closely but indicators like the SHi-Channels are worthless unless you know how to use them.

The best lesson he gave me was to open my eyes to how the market works and to watch the higher time frames. Timing the trade and gauging the exit are two more things I learned and have since taken both to a higher and more defined level.

Ever since Mike taught me to trade the over night trade sending me many e-mails to get it through my skull I now make 90% of my trades during the London Session. I'm now a Night-Owl and trade the breakouts with the knowledge of the S&R's which gives me an advantage as to price direction.
I've made attempts to advise a few traders to the error of their ways but most already have their minds made up and it becomes an effort in futility.

I'll take a gander at your EA and see what you're up to.

Trade well and prosper,

Johnny

Hey Johnny! I remember seeing you around campus. I didnt fully grasp the overnights. This EA is more how he scalped . There were a lot of trading tools in his arsenal. He would have over 125 trades open at any given time. I too have eliminated the oscillators as price tells me pretty much what to do. I do use SHIs still as well as support and resistance and pivots. Not so much the Moving averages or price channels. I would appreciate any input you may have on the overnights as I know they are quite the pip winners. Never could stay up late enough to get them in time though.

thx but
placing DLL to .../MetaTrader 4/experts/libraries
produce same error

forexbadass EURUSD,H1: cannot load library 'AP_dll2.dll' (error 126)

EA not working; did I miss something?

Hi Eagle

My MT4 crashed with a 'critical error' I am wondering if there is anything I could do to fix it.

Thanks

Not sure as I am not a programmer. But it should be loaded on an m1 not h1 chart. Below is the mq4 version with no DLL needed. Try this one. Same with the mt4 crashing issue. Try this mq4 version.


As I said I had most of the programming done for me. I can tweak a few things but am not a full fledged programmer.

ok, now the supercharger part makes sense......h

version with dll tested on all time frame - not working
version without dll - working

The EA settings....
"4. Lotsriskreductor Takes a percentage of your equity and uses it to place the trade. I suggest an input of .1. This EA requires a lot of equity so your trades should be small. "

putting LotsRiskReductor 0.1 following error occurred
forexbadass EURUSD,M1: LotsRiskReductor is less than 1

4. LotsRiskReductor = 1;

testing this EA
thx

That particular version does not have the correct input. I went to an earlier version. I will look into the code and change it as that is pretty easy to do.