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Hi Lo Break EA

  • #21
  • Jul 24, 2013 12:56am Jul 24, 2013 12:56am
Quoting daegaa
Hi Gumrai I attached this ea ,4H,D1 charts. it doesnt open any position so, I attached this Ea 1H chart,it was working weird thing was 5 pairs attached this ea,only one pair(au) working. could you check it out? sorry my poor english!!!!
Daegaa, I need more information.
A screenshot or 2 of the parameters that you have inputted and for which currency pair.
Is the smiley face smiling or unhappy
If the smiley face is unhappy it is because you have not enabled live trading in the EAs input window.
Please Do Not PM Me With Coding Enquiries
  • #22
  • Jul 24, 2013 1:17am Jul 24, 2013 1:17am
Well, here is the latest version which I hope that some of you guys (& Gals?) will put to the test and see if there are any malfunctions.
As always test on demo thoroughly.
With this version you can input how many bars you want to use.
Ie if you input 5, the Ea will check the highest high and the lowest low of the last 5 bars and will enter a trade when the high or low is broken.
You can also input how many bars to use for the Stop.

Inputs

  1. MagicNumber – Make sure this number is different from other EAs in other chart windows. It means that the EA can keep track of its own trades and will ignore trades that you have placed manually
  2. UseDCT – If this is set to “true” trades will only be opened in the direction of the Daily Candle Trend
  3. TakeProfit – Profit in pips where you want to exit a trade. Just set it very high if you want the trailing stop to close trades. Note : do not enter a negative number for short trades.
  4. ExceedBy – The number of pips that price must break above or below the high/low before a trade is opened.
  5. MaxSpread – If the broker’s spread exceeds this, trading will be suspended
  6. DecimalPip – the decimal places for 1 pip. Ie. EURUSD Is 0.0001, so DecimalPip will be 4. Japanese pairs will be 2
  7. MinRangePips – This is the minimum size bar in pips that will be taken into account. If this is too small there may be multiple trades taken and closed when price breaks above and below it many times.
  8. RangeBars – This is the amount of bars that the EA will look back to find the high and low. The range of these bars must be at least MinRangePips for the EA to trade
  9. StopRangeBars – This is the amount of bars that the EA will look back and use the high/low for the trailing stop. The range of these bars must be at least MinRangePips for the EA modify stops,
  10. MaxGapPips - This is the amount in pips that you will allow price to jump above or below the entry level and still enter the trade, We tend to get these gaps at news times.
  11. MaxSlippage - Obviously the maximum amount of slippage in pips that you will allow when prices are moving quickly.
  12. LotSize – This is for if you want to simply trade a standard lot size for every trade
  13. RiskPerTrade – if this is more than zero, then the lot size will be calculated based on stop loss and percentage to risk per trade. If you want to risk 1% per trade, then simply enter 1, if half %, 0.5. Note: if this is set at more than zero, it will over-rule the Lotsize in the previous parameter.
  14. Colour – colour of the text to be displayed, obviously set at a colour that stands out from the chart background colour.
  15. Start1
    End1
    Start2
    End2
    - These give you the option to trade 1 or 2 sessions per day. If you just want to trade 1 session, just use start1 and End1, leave the other 2 at zero. If you want to trade 24 hours, leave them all at zero.
    Input times as a decimal
    Ie
    2AM will be 2.00
    2:30 AM will be 2.30
    9:15 PM will be 21.15
    Times are your Broker's time, not your local time.
  16. CloseTrades can be true or false. If you set this at true and use the session option, it will close all trades that have been opened by the EA when the session ends..
    If it is set to false, no new trades will be opened outside of session times, but current trades will still have their Stop Loss modified at the close of qualifying bars.

Attached File(s)
File Type: ex4 Hi Lo Break DCT v4.2.ex4   12 KB | 2,866 downloads
Please Do Not PM Me With Coding Enquiries
  • #23
  • Jul 24, 2013 3:21am Jul 24, 2013 3:21am
Most of you probably already know, but it is a good idea to clesr out your log files occasionally. It's amazing how large they can grow, especially when using the strategy tester. So large that they can eat up all the spare space on your hard drive at times.
If you don't know how to do this,
Open your terminal.
Click on the Experts tab
Right click in the window, not the tab and select "open"
Delete all but the last records. You will not be able to delete the last one because it is currently in use.

Repeat with the journal tab, but also do not delete the live update record.

Open the strategy tester.
Click on the journal tab
Right click in the window
and you can select "clear all journals"
or select "open" if you want to see what's there first.

I ran a few tests in the strategy tester earlier and that used 1.5 Gig of my hard-drive.
Please Do Not PM Me With Coding Enquiries
  • #24
  • Jul 25, 2013 8:10am Jul 25, 2013 8:10am
Quoting Macedonia
{quote} Here is an idea on how to create this system if it helps. currently according to your instructions, you can not have the same EA on the same pair on diferent time frames. If you can create another ea similar to the current one the only difference is where if there is a current trade active, it can not enter a trade in the direction the active trade, to avoid a multiple trade. So this new EA should only work in a direction where there is no trade active. what we have now is two EA's attached to two diferent charts. The original EA (which...
Sorry that this is taking some time Macedonia.
It has been a bit of a headache for me to sort out.
I'm determined to get there eventually and I think that I may have breached the hill so I hope is easier running from here.
Please Do Not PM Me With Coding Enquiries
  • #25
  • Aug 5, 2013 6:47am Aug 5, 2013 6:47am
Hi Gumrai,, Any luck in updating the EA Cheers
  • #26
  • Aug 5, 2013 7:11am Aug 5, 2013 7:11am
Quoting sachin_syd
Also 2 ma filters with entry on closed bar on-off option. This will help in trading a breakout on news events and also when asia session ends.. I have been looking for such an ea for long time. Cheers!
would you mind sharing the 2ma's you use?
cheers.
  • #27
  • Aug 5, 2013 7:33am Aug 5, 2013 7:33am
Quoting sachin_syd
Hi Gumrai,, Any luck in updating the EA Cheers
I've been working on Macedonia's Daily Master and lower tf hedge and I keep finding new difficulties. Every time that I think that I have it sorted, I find new problems when I run it through the strategy tester.
It's frustrating, but it is helping me to learn. Don't forget, I am only a novice coder.
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  • #28
  • Edited Aug 6, 2013 7:02am Aug 5, 2013 8:22pm | Edited Aug 6, 2013 7:02am
Well, I think that I have finally sorted this out Macedonia.
Basically the inputs are the same as in post#22, except now there is
DailyExceedBy - the amount in pips to exceed the previous day's high/low for the Daily trade only
RiskPerTrade (in%) does not function at the moment, because I'm not quite sure how to approach that. Not sure whether the risk should be worked out for the Daily trade and then the same lotsize used for the hedges.

So it will open a trade in the Daily trend direction as soon as you attach it to the chart. SL will be at the previous day's high/low +/- DailyExceedBy. There is no TP on the Daily Trade. If you want to close the Daily trade manually, Disable the EA first. If you don't, the EA will immediately open a new trade.
The hedge trades will open and close exactly the same way as the normal EA, depending on what TP, RangeBars and StopRangeBars you input. But only in the opposite direction of the DailyMaster trade.

I've only tested this in the strategy tester, not in real time.

EDIT: I forgot to mention that if the Daily trade hits the stoploss and there is a hedge trade open at the time, it will convert to the DailyMaster trade.
ie TP will be removed and SL will adjust in line with a daily trade.
Attached File(s)
File Type: ex4 Hi Lo Break DailyMaster.ex4   14 KB | 2,203 downloads
Please Do Not PM Me With Coding Enquiries
  • #29
  • Aug 6, 2013 4:14am Aug 6, 2013 4:14am
Quoting Gumrai
Well, I think that I have finally sorted this out Macedonia. Basically the inputs are the same as in post#22, except now there is DailyExceedBy - the amount in pips to exceed the previous day's high/low for the Daily trade only RiskPerTrade (in%) does not function at the moment, because I'm not quite sure how to approach that. Not sure whether the risk should be worked out for the Daily trade and then the same lotsize used for the hedges. So it will open a trade in the Daily trend direction as soon as you attach it to the chart. SL will be at the...
Great work Gumrai
i will check it out and I can't wait. I will keep you informed if there are issue. Cheers.
  • #30
  • Aug 6, 2013 7:04am Aug 6, 2013 7:04am
Quoting Macedonia
{quote} Great work Gumrai i will check it out and I can't wait. I will keep you informed if there are issue. Cheers.
I hope that you find it works OK.
Please note that I added an edit to the post before yours
Please Do Not PM Me With Coding Enquiries
  • #31
  • Oct 19, 2013 4:01am Oct 19, 2013 4:01am
Hi
Tested your Hi Lo, it works well, thanks.
Just wonder will you be able to add features:
1. Breakeven and lock in profit (pips)
2. Partial close 1/2?

With these, i will be able to further test to find the best conditions and pairs to trade.
Thanks!
  • #32
  • Dec 3, 2013 6:42am Dec 3, 2013 6:42am
Quoting warrenchew
Hi Tested your Hi Lo, it works well, thanks. Just wonder will you be able to add features: 1. Breakeven and lock in profit (pips) 2. Partial close 1/2? With these, i will be able to further test to find the best conditions and pairs to trade. Thanks!
Sorry warrenchew, I did not reply because I did not get notification of your post, I thought that the thread had died as the post previous to yours was in early August.
To be honest, I had tested various parameters with the EA and had been unable to find settings that returned consistent profits, but my interest was mostly based on improving my knowledge of coding.
If anybody has found the settings that makes this EA a winner, then I would be prepared to revive the EA, but I would have to completely re-write the code as I was a total rookie coder when I wrote this.
Please Do Not PM Me With Coding Enquiries
  • #33
  • Apr 9, 2014 12:03pm Apr 9, 2014 12:03pm
Hello Gumrai, have read and followed your progress. Congratulations on the programming of the daily Ea. Just thought I would let you know that the idea and the concept was interesting. Have you continued to pursue the Ea Development.

thanks


Peachpro
  • #34
  • Apr 9, 2014 1:13pm Apr 9, 2014 1:13pm
Quoting Peachpro
Hello Gumrai, have read and followed your progress. Congratulations on the programming of the daily Ea. Just thought I would let you know that the idea and the concept was interesting. Have you continued to pursue the Ea Development. thanks Peachpro
As I wrote a few posts back, I didn't find this EA to be profitable and I dropped it because there was no interest.
Please Do Not PM Me With Coding Enquiries
  • #35
  • Mar 25, 2015 8:58am Mar 25, 2015 8:58am
Quoting Gumrai
I am starting this thread because Macedonia requested an EA in another thread and this wasn't quite in line with the original thread. http://www.forexfactory.com/showthre...98#post6742498 Also as the thread starter I will be able to add to this first post as necessary. The basic idea of the EA is that it will enter a long trade when price breaks the high of the previous candle and a short trade when price breaks the low of the previous candle. SL will be set at the low/high of the previous candle. When a new candle opens it...
Hi Gumrai,

Thank you for your amazing EA

Pal, May I ask you a favor please?

Jacky Liaw
  • #36
  • Mar 25, 2015 1:04pm Mar 25, 2015 1:04pm
You can ask, but I can't promise to do anything
Please Do Not PM Me With Coding Enquiries
  • #37
  • Mar 25, 2015 8:23pm Mar 25, 2015 8:23pm
Quoting Gumrai
You can ask, but I can't promise to do anything
Thank you for your immediate response��
Okay, actually I m seeking for your help to modify some conditions of this EA.
Recently I m found some interest thread which related with hi lo scalping, the method quite good, and try looking for an EA to run this strategy. Until yesterday, I found your thread, how lucky is that, and moreover lucky was you are online��
Hopefully you could help me on this.

Okay, Instead of opening instant/market order right after the previous high/low, we can open pending buy/sell stop order @ 5pips above/below from the previous high/low. When one side pending order triggered, opposite order will be cancelled. When no trade triggered, close pending orders symbol which EA attached, wait for next candle.
The above tweak might work well on H1 TF.
  • #38
  • Mar 26, 2015 12:18am Mar 26, 2015 12:18am
I really don't remember too much about this.
As there was no interest, I have deleted the files. I had so many indis and EAs, that I had to have a clear out of the older stuff.
If I remember correctly there was some sort of margin in the inputs so that price had to be so many pips above/below the high/low. This is effectively the same as pending order.
I may have something similar and will see if I can sort something- no promises.
I'm a bit busy at the moment though
Please Do Not PM Me With Coding Enquiries
  • #39
  • Mar 27, 2015 11:06pm Mar 27, 2015 11:06pm
Hello Liaw
I coded this a while back and have quickly updated it. Please try it, I think that it does what you want.
Attached File(s)
File Type: ex4 Hi_Low Pending.ex4   16 KB | 3,467 downloads
Please Do Not PM Me With Coding Enquiries
  • #40
  • Mar 30, 2015 5:22pm Mar 30, 2015 5:22pm
Quoting Gumrai
Hello Liaw I coded this a while back and have quickly updated it. Please try it, I think that it does what you want. {file}
Hi, Keith.
Sorry for late reply, and slow look, was busying these days, my apologize.
I ll test it right now
Millions of thank you, pal
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