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My EA Gift to Traders

  • #21
  • Jan 7, 2015 12:13pm Jan 7, 2015 12:13pm
Quoting Dave_C
{quote} I see your point about the MACD and will update the EA to give you the option for the main or signal MACD to cross the zero line. The EMA problem has been fixed, see above.
I have now updated the EA to give you 3 options regarding MACD cross - Main/Signal Cross, Main/Zero Cross & Signal/Zero Cross. Updated EA Post 1
  • #22
  • Jan 7, 2015 2:12pm Jan 7, 2015 2:12pm
Hi Dave,
Congratulations on starting your own thread. You have an enormous amount to offer the FF community. I can only guess at how much work you have selflessly put into this EA. Making it available to all with no covert marketing sub plot. Great example to a lot of other recent thread starters. You are not only gifting us all the opportunity of a powerful trading tool but also demonstrating how to function properly as a Human Being.
KR
G
  • #23
  • Jan 7, 2015 3:28pm Jan 7, 2015 3:28pm
Hi ,
Great work Dave sure all of us appreciate your work ,congratulation on starting your own thread
Go forward ...
subscribed
I'm not a programmer and i don't like ! , but only I try to catch my view !
  • #24
  • Jan 7, 2015 3:46pm Jan 7, 2015 3:46pm
is it as cool and well written as it sounds? I don't currently have MT installed.
  • #25
  • Edited 6:15pm Jan 7, 2015 4:26pm | Edited 6:15pm
A few ideas for discussion

The candlestick pattern recognition could be improved. More candlestick patterns could be recognised. Your input will help.
Another option rather than on screen alerts - adding buy and sell arrows to the charts.
Other indicators, alerts - please gave me your ideas. One that has been suggested - Williams Percent Range
A particular strategy could be confirmed by filters on other timeframes

The logic is -
For a trade to be placed - All enabled strategies have to give the same direction signal. With the filters - that same direction signal will be fulfilled if the indicator does not give an opposite direction signal. eg. a sell candlestick pattern within the number of lookback bars.
  • #26
  • Jan 8, 2015 5:55am Jan 8, 2015 5:55am
Hello Dave,

firs of all, thank you for share this useful tool, suppose it take much of your work time.

my idea for EA strategy is: to set 2 pending order with delta eg. above and below current price e.g. +25pips and -25pips (R/R 1:1 and expirion date) at news time (EA should separate it according to chart pair.

is it already possible to set it in your EA?

lot of pips to all
m.
  • #27
  • Jan 8, 2015 1:41pm Jan 8, 2015 1:41pm
Quoting micello
Hello Dave, firs of all, thank you for share this useful tool, suppose it take much of your work time. my idea for EA strategy is: to set 2 pending order with delta eg. above and below current price e.g. +25pips and -25pips (R/R 1:1 and expirion date) at news time (EA should separate it according to chart pair. is it already possible to set it in your EA? lot of pips to all m.
Please read the PDF regarding the straddle strategy.
  • #28
  • Jan 8, 2015 9:34pm Jan 8, 2015 9:34pm
Thanks Dave.. will try this for sure, and will get back here with the findings..
  • #29
  • Jan 8, 2015 11:35pm Jan 8, 2015 11:35pm
can you add martingale based on MACD should the 1st entry miss TP?

the option can be switched on or off

just a thought
practising coitus interruptus
  • #30
  • Jan 9, 2015 12:36am Jan 9, 2015 12:36am
Quoting avibe
can you add martingale based on MACD should the 1st entry miss TP? the option can be switched on or off just a thought
Sorry. Won't be doing that.
Regards
Dave
  • #31
  • Jan 9, 2015 1:36am Jan 9, 2015 1:36am
Hi Dave,
Thanks the second version is now opening traded on the correct timeframe!

There is one more thing I would love to see in the EA which I have been looking for..

I want to be able to use the EMA Price cross & then put a buy stop/sell stop 5 pips above/below the high/low of the candle that closed over the 200 EMA.
That tends to filter out alot of the tests of the EMA that may bounce back..

Please let me know if thats possible in your next version?

Thanks again!

Dman
Enter Signature
  • #32
  • Jan 9, 2015 2:43am Jan 9, 2015 2:43am
Quoting dman7800
Hi Dave, Thanks the second version is now opening traded on the correct timeframe! There is one more thing I would love to see in the EA which I have been looking for.. I want to be able to use the EMA Price cross & then put a buy stop/sell stop 5 pips above/below the high/low of the candle that closed over the 200 EMA. That tends to filter out alot of the tests of the EMA that may bounce back.. Please let me know if thats possible in your next version? Thanks again! Dman
That's a great suggestion and it personifies what I was looking for in this thread. Give me a couple of days and I will see if I can implement your idea.
  • #33
  • Jan 9, 2015 2:57am Jan 9, 2015 2:57am
Quoting Dave_C
{quote} That's a great suggestion and it personifies what I was looking for in this thread. Give me a couple of days and I will see if I can implement your idea.
Hi Dave,

You may also want to consider as an exit signal the TDI over/under 50 level. The timeframe may be M5 or any other depeding on each user preferences of trading.
I find it more accurate than other signals and I think is also better than simple trailing. Please check it.

Best regards,
Dragos
  • #34
  • Jan 9, 2015 3:09am Jan 9, 2015 3:09am
Quoting dragos_
{quote} Hi Dave, You may also want to consider as an exit signal the TDI over/under 50 level. The timeframe may be M5 or any other depeding on each user preferences of trading. I find it more accurate than other signals and I think is also better than simple trailing. Please check it. Best regards, Dragos
Yes I will look into your suggestion as well.
  • #35
  • Jan 9, 2015 4:28am Jan 9, 2015 4:28am
Hi Guys and Girls

I have had a number of requests to provide off topic solutions. I am only too happy to respond to requests relating to the subject of my EA but please do not PM me unless it relates to improving the EA I provided. I am not your coders punching bag! Sorry to the genuine contributors but most of the unreasonable requests relate to users rather than contributors! I will help conditionally but don't use me if you are not willing to contribute. The people concerned know who they are.

Regards
Dave
  • #36
  • Jan 9, 2015 7:00am Jan 9, 2015 7:00am
Subscribed and would love to test it.

Dave can you please attach updated EA at first post so we dnt need to downld from each new post.
If you believe in yourself anything is possible !!
  • #37
  • Jan 9, 2015 4:52pm Jan 9, 2015 4:52pm
Where did you learn to programm MT4 ?
I looked on the net, but so far I only found tutorials that would be helpfull if you already know how to code... more reference guides so to speak. Or... when does start at point zero it stops or directs you to a paid site at the moment it gets interesting.
Being good at what you do is a result of having fun
  • #38
  • Jan 11, 2015 7:31am Jan 11, 2015 7:31am
I have made a couple of changes to the EA as a result of requests.

Added 1 new input and expanded the straddle trade types.

TradeClosureType - 0 is for allowing the trade to close when the StopLoss is reached, 1 is for the trade to close when an opposite direction signal is given and 2 is to close the trade when the Traders Dynamic Index falls to below 50 for a buy trade and vice versa for a sell trade.

News, Time of Day, Price or EMA Cross Straddle - This strategy stands alone and is not used with any other Strategy or Filter. You nominate the Straddle Type. For the time of day type=0, (about 1 minute before News) nominate the hour and minute that the that the trades are to take place. The Price type=1 is used for significant price levels, eg. Daily pivot S/R levels, Fib levels, S/R channels. The EMA cross type=2 is for the break of a long term EMA. At the nominated time (time based trade) or a break in either direction (price and EMA cross types), 2 pending trades are placed, a STOPBUY and a STOPSELL at a nominated price difference from the price at the nominated time (determined by StraddleBuffer). Once either trade is activated, the other trade is automatically cancelled and the fulfilled trade is managed according to the Money Management rules.

The PDF help file and the EX4 and MQ4 at post #1 have been amended
  • #39
  • Edited 9:16am Jan 11, 2015 9:04am | Edited 9:16am
Quoting Dave_C
I have made a couple of changes to the EA as a result of requests. Added 1 new input and expanded the straddle trade types. TradeClosureType - 0 is for allowing the trade to close when the StopLoss is reached, 1 is for the trade to close when an opposite direction signal is given and 2 is to close the trade when the Traders Dynamic Index falls to below 50 for a buy trade and vice versa for a sell trade. News, Time of Day, Price or EMA Cross Straddle - This strategy stands alone and is not used with any other Strategy or Filter. You nominate the...
Thank you Dave, I just want to express my appreciation on how promptly you came back with the solution. Also I would like to applaud your initiative overall.

Just one question if I may, because allthough your code is open source I am not a coder to understand it myself.
Frankly after studying a lot, as many here did, I am now to the point of finding good Entries.My only issue is the lack of time due to job, so I cannot spend time looking at the charts and waiting for an Exit.So I would use your EA by dropping it on a chart on which there is a trade already open by myself manually, for the EA to close the trade based on TDI cross.
The question is this: as it is now, if dropping the EA on a chart, will it close a trade which is currently running and was open manually(off course considering I set the condition in the Inputs to use TDI 50 rule)? Or it only deals with trades open by the EA automatically?
  • #40
  • Jan 11, 2015 9:52am Jan 11, 2015 9:52am
Great EA .I salute You.Hats Off .I respect Your Time And Effort and selfless...God Bless You.your EA is excellent and lots of feature..I have request is it possible to add another Feature like double/Triple RSI Cross say.. 55,21,8 period cross from bellow and cross 50 level buy open and opposite cross from above and cross 50 level and sell open.i hope i am not spoiling your thread if i please delete or ...thanks in advance
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