EA to test a CRAZY idea | Forex Factory

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EA to test a CRAZY idea

  • #1
  • First Post: Feb 25, 2014 12:18am Feb 25, 2014 12:18am
I'm looking to see if anyone can code an EA for me so I can test a CRAZY idea that popped into my head.

I'm starting with market price and then setting a BUY and SELL order at the yearly ATR level +5 pips.

Once one or the other are activated I place a reverse order where market price was and a take profit of 2x my reverse order level,

Once I reach my TP level I rinse and repeat.

I know it sounds CRAZY but in manual back testing it looks promising and with an EA it will be a lot easier to test.
Attached Image (click to enlarge)
Click to Enlarge Name: 25th Feb 14 USD:CAD D1 Chart.png Size: 111 KB
  • #2
  • Feb 25, 2014 3:29am Feb 25, 2014 3:29am
This would be a Very Long Term strategy, as maybe you'll have 1 or 2 trades a year. What if we make it on Monthly ATR instead of yearly ?

Anyway, once I have time , I will work on the EA and make the period variable (Yearly, Monthly, Weekly).
No guts, no glory
  • #3
  • Feb 25, 2014 9:55am Feb 25, 2014 9:55am
OK here it is. Although I made some modifications to the original idea.

As there is no Year period in MT4, I skipped it for now, and did it for Daily,Weekly and Monthly periods.
I have also incorporated a Trailing Stop which seems to greatly affect the results.
You can disable the trailing stop by setting it larger that the TP.

Notice that all numbers are in terms of multiple ATR values.

Test result attached for GBP/USD on Daily for year 2013. Results are impressive.

Settings: (included in the image)
* atr_tf=D1 (ATR Time Frame D1aily, W1:Weekly, M1:Monthly)
* atr_period=21 (ATR Period (number of bars))
* ds_atr_mul=1 (Order Distance as multiples of ATR)
* tp_atr_mul=5 (Take Profit as multiples of ATR)
* sr_atr_mul=1 (Stop & Reverse as multiples of ATR)
* ts_atr_mul=2 (Trailing Stop as multiples of ATR)
* fixed_lots=1 (Number of Lots)


Results are impressive !

Khalil
Attached Image (click to enlarge)
Click to Enlarge Name: ATR_Stop_Order_01_GU_D1_2013.JPG Size: 110 KB
Attached File(s)
File Type: ex4 ATR_Stop_Order_01.ex4   14 KB | 442 downloads
No guts, no glory
  • #4
  • Feb 25, 2014 11:22am Feb 25, 2014 11:22am
@ steve:

May I suggest moving the thread to the "Trading Systems" forum ?
No guts, no glory
  • #5
  • Feb 25, 2014 12:03pm Feb 25, 2014 12:03pm
Quoting abokwaik
OK here it is. Although I made some modifications to the original idea. As there is no Year period in MT4, I skipped it for now, and did it for Daily,Weekly and Monthly periods. I have also incorporated a Trailing Stop which seems to greatly affect the results. You can disable the trailing stop by setting it larger that the TP. Notice that all numbers are in terms of multiple ATR values. Test result attached for GBP/USD on Daily for year 2013. Results are impressive. Settings: (included in the image) * atr_tf=D1 (ATR Time Frame D1aily, W1:Weekly,...

Hi Khalil,

Thanks a lot for the quick turn around on this EA.

I'm having a problem loading it onto my platform. I've put it into the Experts folder, I've not updated to Build 600 yet, when i open my platform it doesn't show in the Experts folder.

Any ideas, thanks again

Steve
  • #6
  • Feb 25, 2014 4:10pm Feb 25, 2014 4:10pm
Quoting stevepatt
{quote} Hi Khalil, Thanks a lot for the quick turn around on this EA. I'm having a problem loading it onto my platform. I've put it into the Experts folder, I've not updated to Build 600 yet, when i open my platform it doesn't show in the Experts folder. Any ideas, thanks again Steve
Hi Steve,I'll try to compile it on earlier version tomorrow.
No guts, no glory
  • #7
  • Feb 25, 2014 4:42pm Feb 25, 2014 4:42pm
Quoting abokwaik
{quote} Hi Steve,I'll try to compile it on earlier version tomorrow.

Thanks
  • #8
  • Feb 26, 2014 12:17am Feb 26, 2014 12:17am
Steve,

The attached release should work with MT4 older versions. This one was compiled with Build 445. Let me know if it works or not.

I've added a suffix if "x" in the file name in order to differentiate between the two versions.

Regards,

Khalil
Attached File(s)
File Type: ex4 ATR_Stop_Order_01_x.ex4   7 KB | 464 downloads
No guts, no glory
  • #9
  • Feb 26, 2014 12:43am Feb 26, 2014 12:43am
Quoting abokwaik
Steve, The attached release should work with MT4 older versions. This one was compiled with Build 445. Let me know if it works or not. I've added a suffix if "x" in the file name in order to differentiate between the two versions. Regards, Khalil {file}

Hi Khalil,

It now loads onto my platform ok, thank you for taking the time to help.

I'll get back to you with the results I get.

Regards

Steve
  • #10
  • Feb 26, 2014 2:13am Feb 26, 2014 2:13am
Quoting stevepatt
{quote} Hi Khalil, It now loads onto my platform ok, thank you for taking the time to help. I'll get back to you with the results I get. Regards Steve
Good.

As per your first post if one pending order is triggered the other (Stop and Reverse) will be opened (or in other terms : the other pending order will be modified) where the market price was. I understood this statement as "where the market price was when we initially opened our pending orders" and hence the script was made.

After seeing the test, I think it would be better that the other pending order get modified so that the open price will be the stop loss price of the current opened market order.

I am attaching the new release with this idea applied, and added a parameter for trailing stop jump (set to 10 for 4-digit broker and to 100 for 5-digit broker). It generated better results than the first one (same parameters/period).

Another thing I noticed is that the profit was much less on 5-digits than 4-digits (same broker). I will look into this and figure out why.

Two files attached one for Build 600 and the other for previous Builds (with _x suffix).

Again I suggest moving this thread to the "Trading Systems" Forum.

Regrads,
Attached File(s)
File Type: ex4 ATR_Stop_Order_02.ex4   15 KB | 420 downloads
File Type: ex4 ATR_Stop_Order_02_x.ex4   7 KB | 399 downloads
No guts, no glory
  • #11
  • Feb 27, 2014 1:01pm Feb 27, 2014 1:01pm
Quoting abokwaik
{quote} Good. As per your first post if one pending order is triggered the other (Stop and Reverse) will be opened (or in other terms : the other pending order will be modified) where the market price was. I understood this statement as "where the market price was when we initially opened our pending orders" and hence the script was made. After seeing the test, I think it would be better that the other pending order get modified so that the open price will be the stop loss price of the current opened market order. I am attaching the new release...

Hi Khalil,

I've been running the EA and it's not doing quite what I want it to, I hope the pictures will explain what I mean
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 27th Feb 14 USD:CAD D1 Chart.png Size: 124 KB
Click to Enlarge Name: 27th Feb 14 USD:CAD D1 Chart 2.png Size: 108 KB
Click to Enlarge Name: 27th Feb 14 USD:CAD D1 Chart 3.png Size: 117 KB
Click to Enlarge Name: 27th Feb 14 USD:CAD D1 Chart 4.png Size: 105 KB
  • #12
  • Mar 1, 2014 5:22am Mar 1, 2014 5:22am
You are right.

Attached is the modified version.
Attached File(s)
File Type: ex4 ATR_Stop_Order_02.ex4   15 KB | 476 downloads
File Type: ex4 ATR_Stop_Order_02_x.ex4   8 KB | 474 downloads
No guts, no glory
  • #13
  • Mar 1, 2014 7:15am Mar 1, 2014 7:15am
Quoting abokwaik
You are right. Attached is the modified version. {file} {file}

Hi Khalil,

I'll try the new EA on Strategy Tester.

Thanks a lot for your time on this it's much appreciated.

Regards

Steve
  • #14
  • Last Post: Oct 2, 2014 1:28pm Oct 2, 2014 1:28pm
Quoting stevepatt
{quote} Hi Khalil, I'll try the new EA on Strategy Tester. Thanks a lot for your time on this it's much appreciated. Regards Steve
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