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Request to convert my system to an EA

  • #1
  • First Post: Dec 10, 2011 10:17pm Dec 10, 2011 10:17pm
Hello, I would like to explain my newest version of strategy here.

I also hope any coders to help me build an EA, I willing pay the cost.
I use 1000pips as my modal in standard account, 1000usd. So my base lot is 0.1 lot (1usd/pip) used for GBPUSD.

Step 1.
http://i810.photobucket.com/albums/zz25/aaa8881/1.png
Once the EA attached to chart, it will open 0.2(base lot x 2)lot buystop(BS) and sellstop(SS) 10pip away from current price(assume current price is 1.5660) with 10pips SL for both, and open another 0.1 lot (base lot) BS and SS 20pips aways from current price with both fixed 20pips SL.

Step 2a
http://i810.photobucket.com/albums/zz25/aaa8881/2a.png
If price going up to 1.5670, 0.2lot BS triggered with SL 10pips at 1.5660. Open another 0.1 lot (base lot) BS (1.5690)20pips aways from current price (1.5670) with fixed 20pips SL (1.5670).

Step 2b (opposite direction of Step 2a)
http://i810.photobucket.com/albums/zz25/aaa8881/2b.png
If price going down to 1.5650, 0.2lot SS triggered with SL 10pips at 1.5660. Open another 0.1 lot (base lot) SS (1.5630)20pips aways from current price (1.5650) with fixed 20pips SL (1.5650).

Step 3a
http://i810.photobucket.com/albums/zz25/aaa8881/3a.png
If price going up to 1.5680, 0.1 lot BS (1.5680) with fixed 20pips SL (1.5660) triggered, 0.2 lot Buy Orders (1.5670) SL modified from 1.5660 to 1.5670 (trailing stop 10pips every 10 pips raised from open price). Open another 0.1 lot (base lot) BS (1.5700)20pips aways from current price (1.5680) with fixed 20pips SL (1.5680).

Step 3b (opposite direction of Step 3a)
http://i810.photobucket.com/albums/zz25/aaa8881/3b.png
If price going up to 1.5640, 0.1 lot SS (1.5640) with fixed 20pips SL (1.5660) triggered, 0.2 lot Sell Orders (1.5650) SL modified from 1.5660 to 1.5650 (trailing stop 10pips every 10 pips dropped from open price). Open another 0.1 lot (base lot) SS (1.5620)20pips aways from current price (1.5640) with fixed 20pips SL (1.5640).

To Be Continued.....
  • #2
  • Dec 10, 2011 10:18pm Dec 10, 2011 10:18pm
Step 4b (from 3b)
http://i810.photobucket.com/albums/zz25/aaa8881/4b.png
If price retrace to 1.5650, 0.2 lot Sell order (1.5650) kena Stop Loss. Open 0.2 lot (base lot x 2) SS 10pips away from current price (1.5650), mean at 1.5640 with 10pip SL (1.5650).

Step 5b
http://i810.photobucket.com/albums/zz25/aaa8881/5b.png
If price go to 1.5660, 0.1 lot Sell Order (1.5640) kena Stop Loss, 0.2 lot SS modified from 1.5640 to 1.5650 with 10pip SL (1.5660).

Step 6b
http://i810.photobucket.com/albums/zz25/aaa8881/6b.png
If price drop to 1.5650, 0.2 lot SS triggered (1.5650, SL at 1.5660). EA will check whether got 0.1 lot SS at 1.5640, if no, only open SS at 1.5640 with fixed SL 20pips(1.5660).

Step 7b
http://i810.photobucket.com/albums/zz25/aaa8881/7b.png
If price drop to 1.5640, 0.2 lot Sell order at 1.5650 SL modified from 1.5660 to 1.5650, EA will check whether 1.5630 got 0.1 lot SS, if no, only open 0.1 SS at 1.5630 with 20pips fixed SL(1.5650)

When to Take Profit?, normally I set 1% of my capital, as example above, 1000usd is my capital, then my target will be 1010usd, when Account Equity more than 1010usd, the EA will stop. So the EA repeat all the steps above until hit pre-set target.

To Be Continued.....
  • #3
  • Dec 10, 2011 10:18pm Dec 10, 2011 10:18pm
The concept very easy, let me summarize it.
As long as change direction, there are need to open 2 x base lot size of order type, for example, if the price drop from top, mean changing direction, in this time we need to open (2 x base lot) sell order, if previous got (2 x base) lot of Buy order, it is hedged, so we need to close the (2 x base) lot of Buy order so that we do not open (2 x base) lot of Sell order

http://i810.photobucket.com/albums/zz25/aaa8881/a2.png


Please compare both picture, actually they are same, above with hedged,waste 3 pips spread, below without hedge, save 3 pips, we are using below strategy


http://i810.photobucket.com/albums/zz25/aaa8881/a1.png
  • #4
  • Dec 11, 2011 12:29am Dec 11, 2011 12:29am
BLAH! Learn how to manage your MONEY properly and you would not need 100%! I love but hate you newbies! lol

Your on a M1 chart...100%? LMAO! come on man....get real! maybe in demo, try it LIVE with the real people and see if that 100% sticks or if your emotions F you up all over the place! lol

Anyways if you want to make money get off the lower TFs and be a "Big Boy"!
  • #5
  • Dec 11, 2011 1:25am Dec 11, 2011 1:25am
Quoting Dredding82
BLAH! Learn how to manage your MONEY properly and you would not need 100%! I love but hate you newbies! lol

Your on a M1 chart...100%? LMAO! come on man....get real! maybe in demo, try it LIVE with the real people and see if that 100% sticks or if your emotions F you up all over the place! lol

Anyways if you want to make money get off the lower TFs and be a "Big Boy"!
Hello Dredding82, I am not sure whether you really understand my system. As long as there is 100 pips (from high to low or vice versa) from your entry, there is accumulated 550pips, 110(660pips), 120(780), 130(910), 140(1050), 150(1200) and etc....... my target is 10pips which is 1% of my capital(1000pips), which I can stand 100orders of side way (10pips from entry price.).

By the way, my entry point always at major support and resistant, like daily pivot point, monthly pp, weekly pp or round number.
  • #6
  • Dec 11, 2011 1:30am Dec 11, 2011 1:30am
Quoting klhh
Hello Dredding82, I am not sure whether you really understand my system. As long as there is 100 pips (from high to low or vice versa) from your entry, there is accumulated 550pips, 110(660pips), 120(780), 130(910), 140(1050), 150(1200) and etc....... my target is 10pips which is 1% of my capital(1000pips), which I can stand 100orders of side way (10pips from entry price.).

By the way, my entry point always at major support and resistant, like daily pivot point, monthly pp, weekly pp or round number.
Maybe you do not understand that 10 pips is 1% of your balance(TP)...but what is your SL? WAY more the 1%, which with leverage and margin...YOUR BS! lol.........Any EA of this type would have to have CRAZY money management. Stick with manual trading.......EA will not help you.

Then when you are at the end of the "Trend" you want to increase your lot size....thats just RETARDED! you would lose profit!

You need to open X % at open and decrease your lot size based on the amount of profit you have already LOCKED IN! not just add more and more lots with "HOPE" you are right!
  • #7
  • Dec 11, 2011 2:02am Dec 11, 2011 2:02am
Quoting Dredding82
Maybe you do not understand that 10 pips is 1% of your balance(TP)...but what is your SL? WAY more the 1%, which with leverage and margin...YOUR BS! lol.........Any EA of this type would have to have CRAZY money management. Stick with manual trading.......EA will not help you.

Then when you are at the end of the "Trend" you want to increase your lot size....thats just RETARDED! you would lose profit!

You need to open X % at open and decrease your lot size based on the amount of profit you have already LOCKED IN! not just add more and more...
I never increase lot, always same lot size(base lot), maximum (2 x base lot) for change direction. My stop loss is my margin (1000pips), which is nearly impossible to hit. I will choose 1:500 leverage or higher.
  • #8
  • Dec 11, 2011 3:23am Dec 11, 2011 3:23am
Quoting klhh
I never increase lot, always same lot size(base lot), maximum (2 x base lot) for change direction. My stop loss is my margin (1000pips), which is nearly impossible to hit. I will choose 1:500 leverage or higher.
Once again.......a margin SL is RETARDED! why risk all your capital in one account! DUMMY! 1:500 leverage..........WTF DUDE! Get REAL! your a fake mofos i have ever seen one! if you want to make money SHUT THE FUCK UP!! AND LISTEN! USE PROPER MONEY MANAGEMENT!
  • #9
  • Dec 11, 2011 3:33am Dec 11, 2011 3:33am
Quoting Dredding82
Once again.......a margin SL is RETARDED! why risk all your capital in one account! DUMMY! 1:500 leverage..........WTF DUDE! Get REAL! your a fake mofos i have ever seen one! if you want to make money SHUT THE FUCK UP!! AND LISTEN! USE PROPER MONEY MANAGEMENT!
Could you please be polite? This is my choice for my money management. The purpose I start this thread is looking for programmer. My thread is not for commercial purpose.

If you don like my thread, please go away.
  • #10
  • Dec 11, 2011 4:45am Dec 11, 2011 4:45am
Quoting klhh
Could you please be polite? This is my choice for my money management. The purpose I start this thread is looking for programmer. My thread is not for commercial purpose.

If you don like my thread, please go away.
I am trying to SAVE your account and many others.....please listen and LEARN!
  • #11
  • Dec 11, 2011 5:03am Dec 11, 2011 5:03am
"Wishing/Hoping To make a MILLION, Is Not Making A MILLION"

But if you want to have an EA that makes 5 pips per day.......let me know. Its not investing so much or put towards a retirement fund, It will make you X% per day for X number of Days............. lol
  • #12
  • Dec 11, 2011 5:19am Dec 11, 2011 5:19am
Quoting Dredding82
I am trying to SAVE your account and many others.....please listen and LEARN!
Let the time to prove my system work
  • #13
  • Last Post: Dec 11, 2011 5:54am Dec 11, 2011 5:54am
Quoting klhh
Let the time to prove my system work
I must ask what happened to your 80% winning system over a yr ago?
http://www.forexfactory.com/showthread.php?t=259598
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