4HR Candle EA

Hello fellow Roomies.

I have decided to start my own thread for my EA, The EA is called the 4hr Candle EA (James P1-EA Version6).

It is based on a simple concept. Basically, the EA is a pending order EA which places a buy and sell PO. You can set the number of pips to activate the trades. However, i noticed thru Strategy Tester that the EA doesn't make money..Since, I am fairly new to trading, I began to look at fundamentals in chart patterns to see if I could use the EA to buy or sell. I used the common tab to use one direction and the EA would only make two trades and quit. I attempted about 100 times to contact my coder and he must have been taken off the planet by aliens. I am attaching the EA for anyone to look at to give their opinions or basically to tell me to trash it. LOL...If anyone wants the MQL file, I will attach it if anyone wants to add inputs for sells or buys..I was thinking that on a four hour candle, the price if it dropped a certain amount of pips would continue in that direction and you can take a small amount of pips off each candle. I hope that I have explained it correctly. I appreciate any comments, constructive criticisms on the EA. Thank a bunch and just trying to contribute..

Hey James,
I tested the EA and it took orders just fine and it made "some" money over 1yr 7 months". Do you see any errors in journal? Maybe you do not have enough history to test it.

Hey Max, thanks for the reply...I have enough history on the inputs and looked at the journal and see no errors...I was wondering what your input numbers were.I still placed the sell only or buy only in the common tab and it only takes two trades and quits on my tallinex broker demo account..Thanks for replying..

Jimmy

I didnt change any inputs, also I didnt take the common tab into consideration which I did now and I see what your problem is.. I guess your coder didnt put a check in place for trend.

2013.08.01 01:30:22 2013.06.20 12:00 James P1- EA Version6 01-07-2013 EURJPYm,H4: OrderSend error 4111


Thats the error being produced cuz we are not allowing shorts and the error 4110 when we dont allow longs (i.e allow only shorts). You need to get that fixed... attach the MQL and I will see if I can fix it.

Hey Max. Thanks alot..I really appreciate you trying to fix it..The attached mql is for your viewing pleasure lol...Thanks for everything..

Jimmy

Fixed the order issue. But it doesnt follow the trend properly (same issue - single order) ... I will look into the code tonight and try to get it sorted


Attached and fixed. I havent changed any logic in the code... just fixed it to take orders according to the logic already coded.

Hey max, thanks for your help on this issue..i really appreciate it...I will keep you posted...

Jimmy

I forgot to mention that you dont need to go to the common tab now.. instead use the EA properties to select options to trade short/long or both

Jimmy, I cant reply to ur PM cuz of ur settings... cud u do the needful so I can? Have a few questions.

I am working on an EA too. I haven't checked your code (yet), but I think your idea to trade 4H charts placing buy and sell stop orders is a good idea and can work, if coded properly and based on correct principles like support and resistance or supply and demand.

However, I tend to think it is never a good idea to hire someone else to do your programming. Programmers tend to have a lot of programming knowledge. Traders tend to have a lot of trading knowledge. But to program an EA that could trade well, you need to be both a good programmer AND a good trader. And if you are not both of those, it can be difficult at times to make the other party understand just what it is you want. I think I am a decent trader and programmer, but I'm not where I'd like to be just yet... although, I am my own harshest critic.

I wish you luck and I think your idea has potential, but keep in mind what I said above, because neither trading nor programming is easy. If you're interested, I will be starting a new thread this weekend sharing a lot about the system I use (which, I might add, is the closest thing I've seen to a "holy grail" ... if there is in fact one), and it'll take some time for me to write up but I'd encourage you to be on the lookout for that. Just trust me when I say I've had to learn a lot and the hard way from my mistakes, and if you're new to trading, there will be definitely be a wealth of knowledge to learn and a unique approach to trading.

Hi,

I can say that I'm better at programming than at trading and like to see what an EA can do before even looking at the code.

Yours seem not as good. Look at the results over 5 years of backtest (2008-2012) on EU, timeframe = 4H

Agree...or at least be a good trader with a working knowledge of MQL and programming in general, then it would be easier to convey it to a more skilled programmer, while giving the trader the ability to "tweak" the EA without having to write it from scratch.

Happy Trading!

Joe

Hey Max, What do I need to do on my profile to allow you to see the PM i sent ya..Thanks again Max.

Thanks for your info Brokertrader, Please let me know when you start your thread, I would like to view your thread..thx

Profile > User Options > Private Messaging > Enable Private Messaging . Btw I can see u PM but cudnt reply

Hey max...the box for private messaging is enabled..I added you to my buddy list. That should allow you to see the PM?

Chk ur inbox

hi jimbnc,
can you share your updates on this ea.
thanks,
hukam
[email protected]

Hey Hukam...The EA does not work properly..I sent the coder many emails and never received any fixes..I met the guy on mql site...I have the EA if you want to see it..I stopped using it...Thanks..

JImmy

I've added one line to your EA and this is the result in the Strategy Tester. From 10,000 to 100984086.91 in 10 months.

habboubih, nice result. can you share it? Thanks!