BBands/SMA/Macd based EA by LhDT

UPDATES

 

1. V1.0046
   1. Fixed a bug when lauching the EA for the first time (EA took position directly, sometimes too late). Less action but safer !
   2. Removed the trigger on lower timeframe (V1.0045)
   3. Changed default settings to reduce DD and stay in profits :
   1. - ECN to false
   2. - AllowMultipleTrendTrade to false
   3. - BreakEvenPips to 10pips
   4. - BreakEvenProfit to 3
   5. - JumpingStop to true
   6. - JumpingStopPips to 10pips

2. V1.0045 - Fixed BarCheck
   Better results when set to 1 (less DD, higher profits)

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This EA is based on the BBands Stop V2 indicator, I used also MACD and MA to confirm enters and/or exists
I coded it quickly using Steve Hopwood's marvelous shell EA (thanks Steve for this!). The code looks a bit messy as I didn't removed all the unused features from the shell EA, forgive me on this.

Don't use this on a live platform as it is still under development !

Here is the logic :

I used it on E/U M15.

BUY when :
- Bbands are below current price
- SMA20 is higher or equals Bbands value
- Macd signal is higher or equals to zero.

SELL when :
- Bbands are above current price
- SMA20 is lower or equals Bbands value
- Macd signal is lower or equals to zero.

To exit a running trade, we close when BBands shows opposite color OR SMA20 is higher for a sell (lower for a buy) or equals to BBVALUE.

Backtesting give positive results on E/U M15.

The purpose of this thread is to fine-tune, optimize the logic of that EA to build something nice and profitable.
Of course, an EA is still an EA and makes mistakes, less than 5% of EA's are working.
Let's tune it

This EA is taking screenshots when buys and sells occurs. Those screenshots are saved into /experts/files/bbands_ea/

Attached, you have the EA, BBands indicator and the template I use.

Looking for your comments and constructive critics !

LhDT

Currently +213 pips !

Amazing piece of work LhDT! You grabbed pieces from all over FF to come up with this. Optimising is almost limitless if you really get serious about it. You put a huge amount of work into this one!

Got it running stock OTB settings on all pairs - I'll start from there and report back.

Nice one!

GG

Hi Telac,

Thanks !

Indeed, it's a mix of a bit everything ...
Of course, it still needs tweaking but the basics are there.
OOTB worked fine till now.

Cheers,
LhDT

Question on the Alert "order modify failed with error(0): no error"

What's this about?

Already got that a couple of times, try setting ECN to false.

Kinda thought that it had something to do with that - I am on GoMarkets which is an ECN broker.... Will give it a try

Hello lhDT, first of all, thanks for your generosity and hard work offering to the ff's community this promissing baby. Just one question: are you using MACD standard/default settings? I'll report EURJPY results runing today and tomorrow.

Cheers

Hi Lhdt. Given as the inputs come from steve's shell I'm getting a bit confused. Would a forward run on the defaults peform like the backtest presented in post 1?

I want to set up 2 or 3 demos tweaking the settings but I need a starting point.

Diego

Well, the backtest were made OOTB. But you can test with different SL,TP or trailing.
Also, if some other indicators to confirm positions, I'm open.

thx,
Lh

Hi Peretola,

Thx and welcome to this thread !
Macd 4/20/4

Cheers,
Lh

Just posted an update in post #1. Current version is now V1.0045.

I fixed a bug with the BarCheck external variable.
It gives better results and a lower drawdown when set to 1 !

Enjoy !

Hello lhdt, maybee , to reduce the dd and filtering the entries, could you add this thing.....

best regards from ... brussel .

First trade took yesterday (Sell EJ at 16:30 GMT) win +23 pips. Closed manually.

Cheers

Some nice trades and moves since this morning London open.
8 winners / 1 looser and still 8 open trades with 6 BE booked !

Hi,

Can you please explain your method in manual?

Also i think if out bb + inside bar in this method it will be more delicious! ( I do not know what is your method anyway! )

Just posted an update in post #1. Current version is now V1.0046.

Hi LhTD,

Thanks for the wonderfull contribution. I got multiple error message when trying to do a BT for optimisation, i gues it is due to the multiple settings available. Could you pls share the set file you used for your foward test?

Thanks

Try setting ECN to false. Backtests were made OOTB.
Anyway, don't rely on backtest !

Hi lhDT

Your system looks very profitable, thanks for sharing.

Do you re-enter when your trade reaches the TP and the rules still ok?

When you say "MACD signal", Do you mean signal (MACD line) or value (MACD bar)?.

Thanks again.