umpats MTF CCI auto-trader by SteveHopwood

SERIOUS WARNING

 

1. Most Forex traders lose all their money.
2. Using the robot posted here in trading Forex does not guarantee success.
3. Trading this robot could lead to serious financial loss.
4. Trading this robot without understanding its underlying trading strategies guarantees traders will lose their money.
5. This is not a set-and-forget ea; there is no such thing and anyone who tries to claim there is, is either stupid or lying. This ea requires frequent manual intervention.
6. At best, a trading robot is only 90% as good as the manual strategy it trades. At best. At worst, it can be much less effective. If the strategy is rubbish, so is the robot.
7. To trade this robot, you have to understand:
   
   1. the CCI indicator

DO NOT USE THIS EA ON A LIVE ACCOUNT. I have no idea whether this strategy works as I have not traded it on demo - I do not understand what CCI does, so I would have to Google it first.



I received this in a pm from umpats:
"Hello SteveHopwood,

This strategy i tested with last 3 month and almost 90% i win and remaining 10% also no profit no loss with all the currency pair.

If possible then make a EA this as per below:

When 4H candle close at that time check the CCI(14) angle is up (between 12 to 2 ) + same time 1H ,CCI(14) angle is also up and + same time 5 min , CCI(14) is also up then enter the buy trade with TP is 20 .

same for the sell entry all three timeframe CCI angle is down(between 4 to 6) with same TP 20.

after 1 hour if it not reach the TP then close all the trade with profit or loss.

in this strategy i most of time win , only very less loss.

in short 4H CCI +1H CCI +5 M CCI is up then enter buy and reverse for sell.

Mr. Steve if possible then make this EA which is i think very profitable and it works with all the currency.

thanks "


I have made most of the parameters into user inputs, so you guys can tinker with them as you please. CloseTradeMinutes is the time in minutes to allow the trade to stay open, assuming it does not hit tp in this time.

The bot is coded to trade once every H4 candle only.

Filters to help avoid over-trading
You will find all the usual margin filters to avoid overtrading. Regular users of my ea's will notice the swap filter is absent; as the trades are only open for 1 hour at most, the filter is not necessary.

 

1. UseZeljko: this ensures that a second trade including one of the currencies already being traded is 'balanced. The easiest way to explain this is with an example:
   1. Buy GBPxxx open, so only sell GBPxxx. So, if the buy is GBPUSD, then only sell GBPJPY, GBPCHF etc. The rationale is that forex markets are highly sensitive to big movements caused by international events. If something drastic hits the GBP and you are in two sell positions, then both are heading horribly into drawdown. If one of the trades is a buy and the other a sell, then one is going down the tube but its balancing buy is heading for the stratosphere.

2. OnlyTradeCurrencyTwice: using the balanced pair example, the GBP is now involved in two balanced trades. Another trade involving the pound will unbalance the trades and leave the trader exposed to a horrible counter-movement. This filter prevents the GBP from being involved in any further trading of different pairs. It also operates at pending-trade sending time and will prevent the pending being sent if it would violate this filter.
3. ForexKiwi: will stop trading if your margin percent drops below your selected input in FkMinimumMarginPercent.

Have fun.






Useful utilities/EA's/scripts

 

1. MaryJane has posted a fabulous utility to allow us to resize EA input windows: http://www.forexfactory.com/showthread.php?t=299017
2. Multi purpose trade manager: http://www.forexfactory.com/showthread.php?t=89371
3. Account equity analyser: http://www.forexfactory.com/showthre...16#post4693716 Also at http://www.forexfactory.com/showthre...98#post4709098, which includes a template for both USD and the Euro.
4. Past-trades display indi by squalou; shows a graphical display of the success/failure of trades in your History tab. Breathtaking piece of work. http://www.forexfactory.com/showthre...10#post3830610

Most promising trading EA's

 

1. BigBob: an implementation of Nanningbob V10. http://www.forexfactory.com/showthread.php?t=309980. The strategy is fantastic and I am having a ball trading it manually. The EA is the most promising I have coded so far.
2. Trendy: http://www.forexfactory.com/showthre...82#post4840182, but should be left behind by BigBob.
3. Reversi: http://www.forexfactory.com/showthread.php?t=294255 – I have traded this live.
4. Rip: http://www.forexfactory.com/showthre...98#post4777998
5. The Beast: http://www.forexfactory.com/showthre...=1#post4135863

Well, I missed this one due to Steve's OCCD

I'll give it a go on demo OOTB.
And have some fun......

Hi Steve,

at first thank you for another toy to play with. It seems that the ea "sleeps" if the time of CloseTradeMinutes-function is reached. It doesn´t open any more trades after 60 minutes. I had to restart MT4 and it immediately openend some new trades. Maybe there´s is a little bug. Could you have a look in the code, please?

Thank your for your efforts!

Best regards!

I forgot to mention that the bot is coded to trade once every H4 candle only.

Since this EA is only active for one hour in every 4, and the slope of the CCI only needs to be known at the end/start of each 4hrly candle, do the CCI readings need to be taken every 5 mins continuously?

Also trades are triggered when the EA is loaded, not just at the start of each 4hrly candle (not too much of a problem though - more a warning to other users).

I have to say this is very simple, but so far very good on demo. Early days yet though

I see lots of downloads here. Anybody had any demo success here?

Tell you what guys, it really pisses me off when the guy who asked me to code the ea cannot even be bothered to stop by to say 'hello'. Rude, or what? I feel a ban from all my threads coming on.

Interesting. It reminds me philosophy of Greame from Building equity milipede thread.. I will try it..

hi Steve, thank you for your work and your time.

I provide my vps and myfxbook
http://www.myfxbook.com/members/huckcheever

i put your ea on 20 cross on pepperstone.

I hope to be of help to you and friends forum

in demo, i have continuously this error :orders send failed with error (130); invalid stops.
Lo stoploss = 0 how can i resolve this problem?


I plan to attend this forum, but unfortunately I'm Italian and even if I understand correctly what you write, it is difficult to understand me, because my english is bad.

Hello Boss,

Sorry for the not reply but i was in the jouney and no access of net .

just today back and open the notebook and see the new thread of me.

thank you very much Mr. SteveHopwood, really you are person with great hope.

i will test this EA today and will let you know .

first sorry again and thank you for making this EA.

if it possible then you put the adjustable stop loss then it's good.

normally for my testing i open the order and around after 1h stop but parallely if order go in the opposite side upto -25 then i manually stop.

Thanks again.

Umpats

Hello Mr. SteveHopwood,

first profit +69 pips with this. thanks a lot .

tomorrow going again out of station so no trading but will try next week after coming back.

Thanks again.

Umesh Patel

wow, is it true, ?!

I think, I should test this EA too,

---------------

price action

The StopLoss is a user input.

Hello steve, thank for the good work and sharing spirit, may the good lord bless you n grant you more knowledge.

PS: Pls steve could you provide me with a profitable set file for reversi. Thanks

I have Attached your "umpats MTF CCI" to my EU MT4 Demo. See how it goes. and i Appreciate your hard work, the most i like from your EA is, you Always put in time filter in your All EA so i can choose trading hour by my self.
Thanks again...

Good Morning Steve,

As per your instructions, I am detailing what it is I would like you to add to the MTF CCI auto trader EA of yours. I will attempt to break down the functions needed:

"----General inputs----";

Lot=0.01;
StopTrading=True/False;
TradeLong=True/False;
TradeShort=True/False;
TakeProfit=20;
StopLoss=0;
Trail Stop=0;
TrailLossMoveInPips=0:
DynamicTrailStop=0; - A trail stop that starts from stop loss at the first pip of profit and maintains its stop loss distance
DynamicTrailLossMoveInPips=0:
MagicNumber=0;
CriminalIsECN=True/False;
MaxSpread=40;
CloseTradeMinutes=60;
MaxTrades=100;
OneTradePerBarOrCross=True/False;
ExitTradeOnCross=True/False;

"----Indicator inputs----";

UseADX=True/False;
ReverseADX=True/False;
ADXPeriod=14;
HigherTimeFrame=1440;
MiddleTimeFrame=240;
LowerTimeFrame=60;

UseMomentum=True/False;
ReverseMomentum=True/False;
MomentumPeriod=14;
HigherTimeFrame=1440;
MiddleTimeFrame=240;
LowerTimeFrame=60;

UseMACDZeroCross=True/False;
ReverseMACDZeroCross=True/False;
MACDZeroCross_FastEMA=12;
MACDZeroCross_SlowEMA=26;
MACDZeroCross_SignalPeriod=9;
HigherTimeFrame=1440;
MiddleTimeFrame=240;
LowerTimeFrame=60;

UseParabolicSAR=True/False;
ReverseParabolicSAR=True/False;
ParabolicSAR_Step=0.02;
ParabolicSAR_Max=0.2;
HigherTimeFrame=1440;
MiddleTimeFrame=240;
LowerTimeFrame=60;

UseCci=True/False;
ReverseCci=True/False;
CciPeriod=14;
HigherTimeFrame=1440;
MiddleTimeFrame=240;
LowerTimeFrame=60;

UseTRIX=True/False;
ReverseTRIX=True/False;
TRIXPeriod=13;
TRIXSignalPeriod=8;
HigherTimeFrame=1440;
MiddleTimeFrame=240;
LowerTimeFrame=60;

Steve utilizing the crux of your CCI auto-trader, my trading strategy here is to execute ONE trade per alignment (LONG or SHORT) of selected indicators or crossings (NOT consecutive trades until I am bankrupt). And to then exit that ONE trade using either stop loss, trail stop, dynamic trail stop or crossing. Then and only then, when an opposing alignment (LONG or SHORT) of the selected indicators or crossing presents itself, initiate another trade. Quite simple don't you think? :-)

In summation, many thanks in advance for this undertaking and when this product of your erudition begins to bear fruit, you will not be forgotten. You have my word, Sir! God bless.

Regards,

BrunoRay

P.S. I tried to PM you, but my junior status prohibited such. Also, upon completion please share this with the forum/internet, as it is my wish that all that endeavor from your labor receive good fortune.

Anyone getting trades? Mines not fired off a trade in 2 days. eu & gu

Steve, can you change this rule, so we can decide either enable or disable 1 trade per H4 candle?

I tkink the EA has lot of potential! I attached it on multiple pairs, all of them are proffitable!

BUMP


I want to bring this thread back into daylight. Steve has done some great work here, and although this thread has been non-existant lately, I hope I can change that. I stumbled upon this page while doing a search on FF for something else, and I think there's a lot of great ideas here. The current EA I'm working on is based on a similar logic. Specifically, I am a huge fan of the MTF approach, and also the CCI.

I'm going to go through the code and make some modifications, and I may also merge concepts from the two EA's into a new one. This could take a while as I'm not as good a programmer as Steve is, but there's too much valuable information here to let this thread go to waste.

I'll try to report my progress here periodically, but in the meantime please feel free to share your input and/or trading history using this EA. I have not tested it yet.

Cheers!

Smash1812,

I'm in the process of creating a system that uses the CCI and have found myself returning here to see what I might glean. Looking at angles vs levels is an option considered from time to time...

I'll be watching to see what you might come up with and will also put in my two cents, if I have any that is.

Onwards.

why its dont work on my mt4?

my mta 4 build 970

could anyone help me?