Forex Trading Team

I need a help of a programmer. I would like to create a simple breakout EA which has the following options.
I would like to set up TP/SL and trailing stop.
Select a reference candle than place pending orders like buy stop/sell stop to the high/low of the candle.
Should move the SL to BE after x pips.
And if any order hits the SL than it should place that order again.

Thank you for you help.

salamonp, if you after a very good programmer, then I would highly recommend Christina from Wise-EA. She won't do it for free, but she will do an excellent job with outstanding communication. Just make sure you are clear on what you want and basically what you described shouldn't be a problem for her. Hope that helps. Cheers.

I have had a few private comments about the possible trading group, and I thank those that have contacted me.

I have knocked up a basic first video for my EA Programmer to have a look at just so she can get an idea of what I am after. You will be able to tell from the video, other than I am not a professional video maker, that there is a process that goes into designing an EA and coming up with a finished product. If my Programmer decides to go ahead with the project, then we will swap many emails, skype calls and videos until we both get to a point where we are happy with at least an initial version of a working EA. Once that is established, then it is just a matter of back and forward testing to iron out any bugs and to see if it is actually viable or not.

Anyway, so not to bore you anymore, if you would like to check out the video, just go to my YouTube video channel (link in my signature) and go to the most recent video called LACW Video 1 dated October 2nd and check it out. Remember, I am not a professional video maker, so no need for criticism there. If you have any ideas of your own on how I could improve it, or you would like the custom MT4 indicators, just drop me a line. Cheers.

Jim

Do you ever stop trolling??

Ohh boo hoo your not making money, you have yourself to blame. I feel sorry for you if your a grown man. Just because you cant do it dont assume everyone else cant.

Okay the EA process has started. I have received a response from my Programmer, stating she has had a brief look at the overview and the video, and cannot see any problems with coding on what I have presented. She has given me some initial questions to clarify a few points, and we will take it from there. Today, I will probably do up another video to cover some of these questions.

Just for your info, she has built three EAs for me in the past and I have had one on show at MyFXbook for about 4mths now. It is only a demo account, but it was for more of my own testing than anything else. Just go to MyFXbook and search for 'FRED EA - Demo' by Accurate Forex.

Once this EA is up and running, I was thinking of calling for anyone here that might be interested in being a beta tester. Ideally I would like some feedback from them with regards to results, including time frames, times to trade, pairs, settings etc. All my EAs are free to anyone that asks nicely, so I have no problems sharing. Cheers.

Jim

Thought I'd share the two main custom MT4 indicators I use for a lot of my trading decisions, one the QQE Adv is probably pretty easy to find around the forums etc, but the other, MACD Platinum probably not so. To get an idea how I use them, just watch my latest youtube videos. Cheers.

what the QQE adv do

I use a QQE - so just wondering what the difference is?

Yep, seems like when someone starts a decent discussion and then some moron goes and spoils it, the norm on FF (which gets me thinking about egos and traders and psychopaths ... now that would be an interesting discussion)

For me I think getting fresh kids out of school, especially underprivileged kids who want it bad enough, even if they don't know much about money or trading or can't see two steps in front of their feet, in the hands of a someone who can trade is friggin powerful. I think kids just want to be part of something rather than trade for money, just imagine how powerful and motivating it could be if you say "Well done mate, you did well today".

I'm actually planning the best way to get my kid to trade so that when he has this skill, he doesn't have to worry about the rat race and do what he loves to do in his life. Without this silly constraint of money I'm sure we can do much better as a species but digressing ...

Anyway, the plan is to start when he is young and his thoughts are malleable I can treat summer holidays as a project, to cut it short I will treat it as a game where his job is to try and get x amount of pips a day/week/month and I'll buy him an xbox or whatever he desires after reaching the goal. Importantly I will try leave out the issue of money when he is trading and just trade because he can.

Just rambling ahh dont mind me btw my kid is 5 now so you can see I'm nuts

MPP; I have no idea what the difference is. I just picked up the QQE Adv one day by accident, read the rules on how to interpret it, and it seemed to make sense to me. It certainly is more effective when used in conjunction with other indicator/s, hence my use of MACD Platinum.

Vitaluna; yep, not sure what goes through people's minds sometimes on these forums. I did stay away from them for quite a while partly due to this sort of behavior. I can't see a problem with showing your young kid a few things on the trading side. I remember a few years ago, when I was having trouble identifying trends, I would just call my kid into the office and ask them which way they though the chart was going. If they couldn't tell you straight away, then you knew it was sideways. Mine finishes high school (17yo) in about 5 weeks and has nothing planned, so he has already started a more in depth forex trading education, just learning what the market is all about etc. He can see potential and is pretty keen to follow up on it. He has also done some IT courses, so can look at coding etc also. Cheers.

Jim

Dear sent you a pm, kindly reply.
Regards

Hello,
All posts are really very interesting and nice to read. This is useful information for all new traders as well as for old users too. As I read I got new ideas and trading strategies. If I get success with my new strategies then I will share here...
Thanks for sharing...

Just a bit of an update. I have had my first version of the EA sent to me, and it looks okay after just a bit of hit and miss testing. There are a few modifications required, and I need some clarification from my Programmer re a couple of points.

I am in the process of putting together some instructions for the EA in a basic word doc, and also collating my beta tester list. Thanks to all of you that showed an interest, and hopefully in the next few days I'll be able to get something to you to have a play with. Cheers.

Jim

Okay guys, I have recently received my third version of the EA and it is now ready for some testing. I have sent an email to all of you that showed some interest in it, including the EA, the 2x custom indicators and some basic instructions. If you didn't get the email, drop me a line via the email address on my website below on my signature block. Thanks. Jim

I have a theory I would like to run by some of you, if you don't mind. If you have been to my website (as in my signature below, and no there is nothing to sell), you would see that I have a strong interest in building my own EAs. Well, I have the ideas, and my programmer builds them.

One of my EAs called FRED, will turn into a martingale system if the trend goes against me, where it will recalculate profit targets on all open trades and then close the entire sequence on a pullback. This EA is activated on the combination of a group of indicators, which I hope is the correct trend at the time, but eventually the market will turn. Now before any gives me a lecture on the use of martingale, I've already heard it all, so please don't waste your time. Also on my website, I have links to this EA on a demo account through MyFXbook, and after about 4mths, it is nearing 100% profit with a max drawdown of around 36%. Not spectacular figures, but pretty good the same. It is on a demo though with high leverage and also hedging allowed. Two things I desire with this EA.

I do run this EA live on a couple of accounts, but only limit it to one pair so I can keep a good eye on its performance. I also have two other EAs (Mod MACD and LACW) which are both trend following systems and don't involve any martingale at all. Both are a lot more traditional methods as most would be use to. LACW is actually the EA designed around this thread.

Now to get to my point after that long winded intro. Would it be viable to run a combination of these EAs on the same pair on the same platform? I appreciate that I would have to open several charts of the same pair and change the magic numbers etc. My thinking was if I opened a chart with FRED and a base lot of 0.01 lot, and then at the same time loaded a chart with LACW or Mod MACD (or both) with an entry of 0.1 lot, then if FRED got away from me and the number of trades started to build up and get a little ugly, then I'm sure that the other EAs, which would have picked up the trend, will then be in profit and offset any losses FRED would be encountering. It could get to the stage where I could do the math, and if the FRED losses were covered completely, I could close all the losing trades on FRED and allow it to continue with the winning trend direction trades (remember it trades in both directions when there has been a reversal). When eventually the market does turn, then I can do it all again.

I guess I could also consider using different time frames for the different EAs, or even a combination of time frames. Probably just thinking aloud here and I'm not even sure if it would work. Sounds good in theory though (as a lot of ideas do), so I am open to feedback or any ones experience on using hedging via multiple EAs. Thanks.

Jim