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Engulfing system

  • #61
  • Dec 15, 2011 2:13am Dec 15, 2011 2:13am
For example:
EU 4H
SL 240 (2400)
TP 40 (400)
Min Size of the bar 55 (550)

3 losers, 100+ winners
Attached Image (click to enlarge)
Click to Enlarge Name: eNGULFING (1).eu.4h.gif Size: 8 KB
  • #62
  • Edited 2:58am Dec 15, 2011 2:21am | Edited 2:58am
Quoting smilee89
This is the next step to be coded.
After ~+15 pips, move SL to Breakeven (BE).
Then trail SL.
It can be every 10-15 pips.

That should do it!
Attached File(s)
File Type: mq4 eNGULFING+Min.Size+Trail.mq4   3 KB | 1,057 downloads
  • #63
  • Dec 15, 2011 2:29am Dec 15, 2011 2:29am
Quoting joancb
That should do it!
Thanks.
Checking...
  • #64
  • Dec 15, 2011 2:33am Dec 15, 2011 2:33am
EA does not work by the rules.
Please check it.
  • #65
  • Edited 2:39am Dec 15, 2011 2:38am | Edited 2:39am
When Trailing set to false it is still moving the SL.
Please fix it..
  • #66
  • Dec 15, 2011 2:59am Dec 15, 2011 2:59am
Quoting smilee89
EA does not work by the rules.
Please check it.
Edited post #62

Can you please be more specific about which rules? thank you
  • #67
  • Dec 15, 2011 4:55am Dec 15, 2011 4:55am
I think I'd like to throw my hat into the mix. I must admit this EA looks very promising, I've always been a fan of engulfing candles.

I can write this up on Ninjatrader, which can give us a lot more options and statistics. As soon as we get the exact rules that we want down, I can program it in about an hour.

Great job guys!
  • #68
  • Dec 15, 2011 5:01am Dec 15, 2011 5:01am
Quoting joancb
Edited post #62

Can you please be more specific about which rules? thank you
1. What was updated in the EA?
2. I meant different trail.
Parameter A will be: Move.to.BE - means in which floating profit in pips the SL moves first time to BE.
Parameter B will be: BE.Place - means where to move the SL first time.
Parameter C will be: Trailing.Step means after moving the SL first time, how much more (in pips) the price needs to go in our favor towards the TP every time so the SL will move the same value in pips.
  • #69
  • Dec 15, 2011 5:03am Dec 15, 2011 5:03am
Quoting PipJaeger
I think I'd like to throw my hat into the mix. I must admit this EA looks very promising, I've always been a fan of engulfing candles.

I can write this up on Ninjatrader, which can give us a lot more options and statistics. As soon as we get the exact rules that we want down, I can program it in about an hour.

Great job guys!
You are welcome.
Rules did not change from post 1 except the minimum size of last closed bar.
Now we just want to add a good MM to the code.
  • #70
  • Dec 15, 2011 5:33am Dec 15, 2011 5:33am
Quoting smilee89
1. What was updated in the EA?

1.If you set ProfitTrailing to true it works now.
2.I'll work on that, somebodies help will be appreciated
  • #71
  • Dec 15, 2011 6:19am Dec 15, 2011 6:19am
Smilee,
What would be a good number for MinSize @ H1 charts?
" The fool who never traded Demo "
  • #72
  • Dec 15, 2011 6:32am Dec 15, 2011 6:32am
Quoting AmareX
Smilee,
What would be a good number for MinSize @ H1 charts?
It depends on the pair.
Between 25 to 50.
  • #73
  • Dec 15, 2011 7:11am Dec 15, 2011 7:11am
anyone having problem with the EA @ post# 1? I am using it with SL=0,TP=0,Minsize=150, TF=H1. Last 2 hours EA didn't open a single PO. The previous version without minsize works fine. Could someone plz confirm if the settings are okey?
" The fool who never traded Demo "
  • #74
  • Dec 15, 2011 7:11am Dec 15, 2011 7:11am
Once I get the NT ea working, I can use the optimization tool to optimize the EA for each pair and time frame that we want to use.

I don't know if MT4 can do this, but the optimization tool allows you to backtest a range of different variables in combination with each other to find the best settings.

I personally am thinking EUR/USD 1 hr or 30 min

I'd like a smaller time frame because I'd like to have a larger test pool and more frequent trades.

Also, NT can graph the success rate of trades for each hour of the day, so, the EA could be optimized to only take trades say during london and or NYC.
  • #75
  • Dec 15, 2011 7:14am Dec 15, 2011 7:14am
Quoting PipJaeger

I don't know if MT4 can do this, but the optimization tool allows you to backtest a range of different variables in combination with each other to find the best settings.
Mt4 has optimization option too, but thanks for your efforts .. waiting for your results.
" The fool who never traded Demo "
  • #76
  • Dec 15, 2011 7:22am Dec 15, 2011 7:22am
Something is wrong ... Ea is not working.
Attached Image (click to enlarge)
Click to Enlarge Name: eng.gif Size: 13 KB
" The fool who never traded Demo "
  • #77
  • Dec 15, 2011 7:29am Dec 15, 2011 7:29am
What is the Minimum value you entered?
  • #78
  • Dec 15, 2011 7:32am Dec 15, 2011 7:32am
Quoting smilee89
What is the Minimum value you entered?
I want to use 15 pip minimumsize so I have entered "150". Is it okey?
" The fool who never traded Demo "
  • #79
  • Dec 15, 2011 7:39am Dec 15, 2011 7:39am
Quoting AmareX
I want to use 15 pip minimumsize so I have entered "150". Is it okey?
Yes.
  • #80
  • Dec 15, 2011 7:41am Dec 15, 2011 7:41am
Quoting smilee89
Yes.
Smiley is it working for you? Did it open anything yet? I am using the ea from post 1, engulfing+min.size. not the trailing one.
" The fool who never traded Demo "
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