Manually Drawn Zones, Automated Entry and MM | Forex Factory

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Manually Drawn Zones, Automated Entry and MM

  • #1
  • First Post: Aug 25, 2012 11:07am Aug 25, 2012 11:07am
Hi guys,

I don't know anything about coding, but would really like to learn how to automate a portion of my trading.

I trade supply and demand zones, and am interested in finding an automated way to enter in shaded zones that I draw.

For example my break and butter is identifying zones on the H4 and finding price action entries on the M5. I'm open minded in experimenting with some sort of automated entry like perhaps a stochastic trigger with defined money management like position sizing, stop placement, and moving the stop to breakeven. I'm happy to do the identifying of zones for entry and manually setting my TP, but the above functions are what I'm looking for.

Any guidance on what to read or search for to learn what's necessary to accomplish this would be greatly appreciated.
  • #2
  • Aug 26, 2012 1:45am Aug 26, 2012 1:45am
If you are drawing your own zones then it would not be too difficult to get an EA to trade from them.

Give the zone lines a default name and then use MT4 to get the parameters (prices) of those lines and trade once those lines/prices are breached plus any other conditions that you might specify.

M.
If you think I'm mad, I must be mad
  • #3
  • Aug 27, 2012 5:53pm Aug 27, 2012 5:53pm
Quoting futurespec
If you are drawing your own zones then it would not be too difficult to get an EA to trade from them.

Give the zone lines a default name and then use MT4 to get the parameters (prices) of those lines and trade once those lines/prices are breached plus any other conditions that you might specify.

M.
Are there any classic learning resources to learn though? I know nothing about programming, it's probably going to take a lot of time.
  • #4
  • Aug 27, 2012 5:59pm Aug 27, 2012 5:59pm
Don't try to learn MQL4 if you are not a programmer. It is an easy language to learn with a programming background, but I can't see a non programmer mastering it due to the poor documentation and tutorials. There are other languages more suited to the beginner like VB.

I thought I saw a trend line break EA around this forum several months ago. Hard to believe it hasn't been done and available.
  • #5
  • Aug 27, 2012 6:16pm Aug 27, 2012 6:16pm
Quoting CodeMeister
Don't try to learn MQL4 if you are not a programmer. It is an easy language to learn with a programming background, but I can't see a non programmer mastering it due to the poor documentation and tutorials. There are other languages more suited to the beginner like VB.

I thought I saw a trend line break EA around this forum several months ago. Hard to believe it hasn't been done and available.
Are there professional services that can code it?
  • #6
  • Aug 28, 2012 12:16am Aug 28, 2012 12:16am
Codemeister summed it up nicely.

I believe that there are a number of people on here that would code it for you for a fee if you ask on here.

Also, if you are lucky, someone may do it for free.
You need to specify EXACTLY what you want.
It becomes somewhat more difficult once your zones depend on a number of combined conditions or points.

M.
If you think I'm mad, I must be mad
  • #7
  • Aug 28, 2012 1:18am Aug 28, 2012 1:18am
Quoting CodeMeister
Don't try to learn MQL4 if you are not a programmer. It is an easy language to learn with a programming background, but I can't see a non programmer mastering it due to the poor documentation and tutorials. There are other languages more suited to the beginner like VB.

I thought I saw a trend line break EA around this forum several months ago. Hard to believe it hasn't been done and available.
I really can't agree on your points.

In fact, my first programming languages were C and Perl. I think the experience was happy enough. MQL4 is so C-like, and it's even easier.

Talking about the documentation, I think the current documentations accessible in MetaEditor is good enough, and many many examples are available on Codebase of MQL4.com.
  • #8
  • Aug 29, 2012 3:38pm Aug 29, 2012 3:38pm
there is a EA in FF something like what you want.

I can not remember what is the name of the tread.

it have to do something with trend line.
  • #9
  • Last Post: Aug 29, 2012 8:12pm Aug 29, 2012 8:12pm
Quoting futurespec
Codemeister summed it up nicely.

I believe that there are a number of people on here that would code it for you for a fee if you ask on here.

Also, if you are lucky, someone may do it for free.
You need to specify EXACTLY what you want.
It becomes somewhat more difficult once your zones depend on a number of combined conditions or points.

M.
In the off chance that some generous programmer is cool enough to do that all I'm looking for:
1) It turns on at x.xxxx and then turns off perhaps at x.x100
2) While its in the above zone take entry signals from a 533 stochastic with X pips and Y target, and move stop to break even at X pips
3) If the further price is breached, stop trading

So I look at a chart, define a supply zone on the H4 and then input the upper and lower boundary. From there perhaps I could tell the EA what lot size, SL, TP. Then while I'm sleeping or at work it will take M30 ovrbought/oversold crosses with defined SL/TP, and move stop to BE at 1R.

I'm not expecting any handouts, and would definitely pay someone who could make this solid. Also I'm not sure if I'm violating any FF rules, if so let me know.
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