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EA tool & strategy for semi-automatic interactive trading

  • #1
  • First Post: Edited Mar 11, 2013 6:14am Jun 8, 2012 3:48am | Edited Mar 11, 2013 6:14am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Hi traders

I'm going to share a tool (EA) I made for semi-automatic trading and a simple strategy as well. This EA is very easy and I going to tell you how to use it.
Give me time and follow me :-)

Thanks


Edit:
here I post the EA's in order to be more tidy:

1 - discrezionale: it's a useful EA to play breakout strategy, the upper green line is the level where you buy, the lower red dotted line is the trigger for sell order. You can move (drag) the lines where you want but remember if you drag them across the CURRENT PRICE you'll open an order.

UPDATE NEW V 1.8

2 - discrezionale_swing: it's an EA for swing strategy, (the opposite of the other one) the upper green line is the level where you sell, the lower red line is the trigger for buy orders. I made some change on this EA, so you need to download it here in order to update the previous version.

Green and red dotted lines can be dragged across the window but MUSN'T be erased by the user.



-------------------------------------------------------------------------------------------------------------------------
edit:24/9/2012

manuale.ex4: NEW EA for manual trading with hidden SL and TP

Due to the requests I received, I manage to create a new EA.
It's different from the previous ones above and nothing has to do with the strategy mentioned later.
The goal for me was to satisfy the tips and requests, I hope to have done it.

For explanation see post n. 77: http://www.forexfactory.com/showthre...91#post6036991
Attached Image
Attached File(s)
File Type: mqh WinUser32.mqh   18 KB | 814 downloads | Uploaded Sep 24, 2012 6:18am
File Type: ex4 discrezionale.ex4   22 KB | 819 downloads | Uploaded Mar 11, 2013 6:13am
File Type: ex4 manuale.ex4   21 KB | 843 downloads | Uploaded Mar 11, 2013 6:13am
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  • #2
  • Edited 9:49am Jun 8, 2012 4:11am | Edited 9:49am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
This EA is meant to simplify Metatrader functions and every trader's life.
It doesn't open trades based on indicators or oscillators or anything else.
You choose the entry level for buy and sell... how?

Put the EA on any 1h TF pair. You can choose any TF as you wish but I prefer 1h TF.
The EA will plot 1 green dotted line 1 pip over the higher candle and a red dotted line 1 pip under the lower candle.
Higher and lower candle is define within a range of "X" candles in BackCandles value (default is 9).

Thoose line are the trigger for your buy (green line) and sell (red line) orders.
The 2 lines can be dragged across the window as you wish in order to change your entry point.

i.e. for EURUSD pair: if now price is 1.25000 you can drag green dotted line at 1.2550 and red dotted line at 1.2460. You put this level because are FIB level, or pivot level or PA level and You think that if price brokes those levels it will go on. So... lines are the trigger for your entry.
EA will ask you (but default value can be changed) if you wish enter the trade.
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  • #3
  • Edited 9:24am Jun 8, 2012 4:27am | Edited 9:24am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
On the upper right corner there are the "function buttons".
To use them: double click on the name and drag them anywhere on the screen.
What do they do:

[close buy] = closes the buy order opened by the EA (identified by Magic n.)
[close sell] = closes the sell order opened by the EA (identified by Magic n.)
[BE+2] = when your order is in profit you can lock a minimum profit (2€) setting stop loss at breack even + 2 pips (or better 2.5 pips)
[BE+5] = same as above but minimum profit is locked at 5€
[BE+10] = same as above but minimum profit is locked at 10€
[Trailing stop] = dragging this buttons you set a trailing stop on your winning order. Values of trailing are setted in the user input window. Also this features can be choosed as default.
[CloseAll] = closes ALL opened orders. ALL means ALL. Be aware that if you have other orders opened by hand or other EA's they will be closed.
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  • #4
  • Jun 8, 2012 4:32am Jun 8, 2012 4:32am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Every buy and sell order placed by the EA has STOP LOSS and TAKE PROFIT (default is 300 pips) but you can change them accordingly with your strategy.

Enjoy

P.S. try it on demo account and let me know if everything is working fine.
Please don't ask for code
Attached File(s)
File Type: ex4 discrezionale.ex4   22 KB | 800 downloads
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  • #5
  • Edited 9:04am Jun 8, 2012 4:43am | Edited 9:04am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
PLEASE, on demo first (It's seems to work if you are not greedy) :-)

At 7 GMT (Frankfurt open)
put the EA on the major pairs or all the pairs you want leaving default setting but changing:

Trailing Stop = true
Confirm Open = false
Trailing Start = 6
BreakEvenIs = 2 or 3

Remember to change Magic Number for every pair you use.
Every running EA must have different MAGIC NUMBER. i.e. for EURUSD could be 1 and 2, for EURGBP could be 3 and 4, for GBPUSD could be 5 and 6, and so on.

But one more time, remember to change MAGIC NUMBER for every running EA.
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  • #6
  • Jun 8, 2012 4:47am Jun 8, 2012 4:47am
Hi,

Do you think you can incorporate a Trailing Step Function?

Trailing Stop (for example 15 pips SL 30 pips) = SL to BE if position is + 15 pips

Trailing Step (for example SL 30 pips) = SL reduced by 1 pip if position is +1 pip, SL reduced by 2 pips if position is +2 pips and so on...

Many thanks.

Victor V 雨 得
福 子 Victor V
  • #7
  • Jun 8, 2012 4:48am Jun 8, 2012 4:48am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
This EA is useful to play BREAKOUT STRATEGY.

Put green line over a major resistence (you think the price will go up because resistance was broken)

Put red line under a major support (you think the price will go down because support was broken)

Protect your gains with BE or trailing stop.
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  • #8
  • Jun 8, 2012 4:51am Jun 8, 2012 4:51am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting camvcvoo
Hi,

Do you think you can incorporate a Trailing Step Function?

Trailing Stop (for example 15 pips SL 30 pips) = SL to BE if position is + 15 pips

Trailing Step (for example SL 30 pips) = SL reduced by 1 pip if position is +1 pip, SL reduced by 2 pips if position is +2 pips and so on...

Many thanks.

Victor V 雨 得
Yes, it's possible... give me time
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  • #9
  • Edited 10:01am Jun 8, 2012 4:57am | Edited 10:01am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
I think the same strategy I tried on Frankfurt can be applied to NY open.

But this needs tests on demo first (NY).

So, let me know if everything work fine and share new startegies you will find out.

Thanks to all
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  • #10
  • Jun 8, 2012 5:05am Jun 8, 2012 5:05am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Just a hint:

if you look the screenshot I attached above, you can see on the down right side a RED arrow.
That was my entry SELL this morning for EURUSD... I was a bit late because it was place at 7.15 GMT (more or less)... but still lucrative.
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  • #11
  • Jun 8, 2012 5:11am Jun 8, 2012 5:11am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Credit for button's code goes to 7BIT (the great)

Thanks to him
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  • #12
  • Jun 8, 2012 5:13am Jun 8, 2012 5:13am
Quoting sym
Yes, it's possible... give me time
Well, i'm so sorry if i ask too much but...

Do you think you can also include instant BUY / SELL (with default of 30 pips for SL and TP) function without waiting for break high / low?

Thanks very much.
福 子 Victor V
  • #13
  • Edited 5:28am Jun 8, 2012 5:17am | Edited 5:28am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting camvcvoo
Well, i'm so sorry if i ask too much but...

Do you think you can also include instant BUY / SELL (with default of 30 pips for SL and TP) function without waiting for break high / low?

Thanks very much.
You can do that dragging the red and/or green line over the current price. SL and TP are those you set in EA input window.
Try it
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  • #14
  • Jun 8, 2012 5:18am Jun 8, 2012 5:18am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
I'm quitting now,

but feel free to ask anything. I'll answer ASAP.

bye
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  • #15
  • Edited 6:01am Jun 8, 2012 5:31am | Edited 6:01am
Have just tried your EA.

I dragged the red line to near previous low and EA initiated a SELL. Manually closed the order. However, the RED line for SELL trade disappeared. Have to switch between timeframe to get back the red line...

Edit: Same for the BUY trade
福 子 Victor V
  • #16
  • Jun 8, 2012 5:37am Jun 8, 2012 5:37am
Quoting sym
You can do that dragging the red and/or green line over the current price. SL and TP are those you set in EA input window.
Try it
Thank you. Have tried that and it works.

Now, only the Trailing Step part
福 子 Victor V
  • #17
  • Edited 9:09am Jun 8, 2012 8:55am | Edited 9:09am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting camvcvoo
Have just tried your EA.

I dragged the red line to near previous low and EA initiated a SELL. Manually closed the order. However, the RED line for SELL trade disappeared. Have to switch between timeframe to get back the red line...

Edit: Same for the BUY trade
Hi camvcvoo

what you say it's right. When an order is opened by EA (i.e. SELL) the red dotted line disappear. That's because the EA manage 1 buy order and 1 sell order at time. When all orders are closed, you reattach the EA to the window and start another loop again.

If you need to manage more orders for the same pair (i.e. EURUSD)
you can open more windows for that pair and attach on each the EA.
Remember to change MAGIC NUMBER for any running EA.
This way you can open more orders at different levels (fibonacci, pivot, trendline, etc)
with different lot size as well.
I hope to be clear.
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  • #18
  • Jun 8, 2012 10:24am Jun 8, 2012 10:24am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
If anybody has suggestions in order to improve the EA
with new features, please let me know.

regards and have a nice weekend
I'm finished for today
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  • #19
  • Edited 7:32am Jun 9, 2012 7:23am | Edited 7:32am
Quoting sym
If anybody has suggestions in order to improve the EA
with new features, please let me know.

regards and have a nice weekend
I'm finished for today

Hello sym,

Very good EA tool for manual trading. Thank you for sharing this.

This actually works using MT4 strategy tester. Good stuff!

questions:
1) why the need to 2 magic nos?

2) what is the BackBars =9 used for?

I notice the EA checks for two Horizontal lines named 'high_line1' and low_line1' and trigger the buy/sell order.
After orders are closed, I can delete the two lines in the Objects List.
After I deleted these Horizontal Lines and draw two Trendlines instead.
It also work with Trendlines. This is good.

Will continue to test this next week and feedback to you.

Have a good weekend!
Attached Image (click to enlarge)
Click to Enlarge Name: SYM EA tool.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20
  • Edited 2:17pm Jun 9, 2012 1:56pm | Edited 2:17pm
Nice Sym, I think it will work welll with the attached demark indi used for support/resistence.

I use an ichimoku trend system should do nicely, currently targetting eurjpy.

I know there is a whole method behind demark. But you can simply use them as breakout points. See here, when the lines are at 45 degree angles usually precedes a breakout. Very effective.

Attached Image (click to enlarge)
Click to Enlarge Name: ej2.jpg Size: 199 KB

Quoting emmanuel7788
Hello sym,

Very good EA tool for manual trading. Thank you for sharing this.

This actually works using MT4 strategy tester. Good stuff!

questions:
1) why the need to 2 magic nos?

2) what is the BackBars =9 used for?

I notice the EA checks for two Horizontal lines named 'high_line1' and low_line1' and trigger the buy/sell order.
After orders are closed, I can delete the two lines in the Objects List.
After I deleted these Horizontal Lines and draw two Trendlines instead.
It also work with Trendlines. This is good.

Will continue to test...
Attached File(s)
File Type: mq4 DeMark Trendline Trader.mq4   24 KB | 864 downloads
Skype: heliosphan187
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