Hello FF Brains,
attached is an EA that Viper put a lot of work into it , but unfortunately no one follow up to make it better. Today i want to revive this great concept (if it `s applied the right way).
here are the flaws in this EA:
- the biggest and the dangerous flaw is the Death trade ( where the EA opens too many positions which will result in margin call)
- the 2nd flaw is in the order placement logic: sometimes the EA does not place orders which will results in imbalance and create big losses.
if we can make this EA run only if the right criteria is present , it will make big difference( avoid the death trade), what i am proposing is the following :
- the EA will run only if a candle pattern is present (pinbar or failure bar) , the candle pattern will be defined using the candle size and an indicator(attached): ie the EA will run only if a pinbar is present and the candle size is > 20 pips.
usual after big pinbar the price tend to go in one direction for sometime and this is the idea behind using this candle pattern to avoid the ranging mess that will end up in a death trade.
- the Ea will place pending buys on the high and pending sells on the low.
- the increment will be high[1]-low[1]
if any coder have the time to do this , it will be great for everyone in FF.
please let me know if you have any question or need more clarification.
attached is an EA that Viper put a lot of work into it , but unfortunately no one follow up to make it better. Today i want to revive this great concept (if it `s applied the right way).
here are the flaws in this EA:
- the biggest and the dangerous flaw is the Death trade ( where the EA opens too many positions which will result in margin call)
- the 2nd flaw is in the order placement logic: sometimes the EA does not place orders which will results in imbalance and create big losses.
if we can make this EA run only if the right criteria is present , it will make big difference( avoid the death trade), what i am proposing is the following :
- the EA will run only if a candle pattern is present (pinbar or failure bar) , the candle pattern will be defined using the candle size and an indicator(attached): ie the EA will run only if a pinbar is present and the candle size is > 20 pips.
usual after big pinbar the price tend to go in one direction for sometime and this is the idea behind using this candle pattern to avoid the ranging mess that will end up in a death trade.
Attached File(s)
PinBar All Types With Alert.mq4
4 KB
|
411 downloads
- the Ea will place pending buys on the high and pending sells on the low.
- the increment will be high[1]-low[1]
if any coder have the time to do this , it will be great for everyone in FF.
please let me know if you have any question or need more clarification.
Attached File(s)
ViperGrid EA (2.6.2).pdf
66 KB
|
721 downloads
OrderReliable_v0_2_5.mqh
26 KB
|
431 downloads
ViperGridEA_Version2.6.2-logger.rar
17 KB
|
641 downloads