Please help with an EA that can trade on H4 candle | Forex Factory

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Please help with an EA that can trade on H4 candle

  • #1
  • First Post: Jan 21, 2015 9:14am Jan 21, 2015 9:14am
I need a your help to build simple EA that open a trade on every H4 candle.
Conditions: when H4 candle opens:
If it goes up +7 pip from open price place the buy order
If it goes down -7 pip from open price place the sell order
And close the trade when H4 candle is closed either is it in loss or profit
And start again trade with new H4 candle using same conditions

If possible can be add 2 more options
1-Time to trade start and end hours
2-TP & SL

I will be great full to all of you

Thanks And Regards,
Moti
  • #2
  • Jan 22, 2015 10:38am Jan 22, 2015 10:38am
Attached File(s)
File Type: ex4 H4Candles.ex4   204 KB | 579 downloads
  • #3
  • Jan 22, 2015 12:52pm Jan 22, 2015 12:52pm
Quoting leastchaos
{file}
Hello leastchaos,

Thank you for your help to coding my EA as requested. Can I ask you to add two more things please?

Firstly, my input is fixed –7 or +7 pip from opening H4 price. Can you make it possible so I can vary these two inputs separately?

Secondly, after applying I thought could it work for H1 candle as well? Or maybe it can prepare for all timeframe.

And lastly, could you facilitate the source file MQL4 so newbie like me can learn the coding.

I have attached the EA as you see and next H4 candle will start in a two hours. I will confirm you the results.

Thanks and Regards,
Moti
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 01-H4_EA.JPG Size: 76 KB
Click to Enlarge Name: 02-H4_EA.JPG Size: 59 KB
  • #4
  • Edited 8:00am Jan 23, 2015 3:33am | Edited 8:00am
i added the added in the function to modify pips and timeframe.
magicstart is a magic no. for ea. you can google it.
time end should be 1min before time start for 24 hour ie time start 00:00 timeend 23:59
Attached File(s)
File Type: ex4 H4Candles.ex4   205 KB | 485 downloads
  • #5
  • Edited 10:37am Jan 24, 2015 9:40am | Edited 10:37am
Quoting leastchaos
i added the added in the function to modify pips and timeframe. magicstart is a magic no. for ea. you can google it. time end should be 1min before time start for 24 hour ie time start 00:00 timeend 23:59 {file}
Hello leastchaos, I am grateful to you for your time and making the EA, I tried I is working perfect now I am reading my opening #post1 where I said (And close the trade when H4 candle is closed either is it in loss or profit) in my #post3 when I request to make a potion so I can change the (my input is fixed –7 or +7 pip from opening H4 price. Can you make it possible so I can vary these two inputs separately?)

I forgot about my #post1 now when I apply the SL & TP if it does not reach in time frame open candle while candle close it close the trade as it was request

Please can you make it possible?
1-if I set SL & TP to "0" so close the trade when candle is closed either is it in loss or profit
2-if I use SL & TP for example grater than "0" say SL 1 & TP 5 and if condition does not match live the trade open even candle closes and continue to open next trade with new open candle on set pips
And apply the SL and TP as per inputs

Sorry to treble you again and again

And lastly, could you facilitate the source file MQL4 so newbie like me can learn the coding.

Thank You

Regards,
Moti
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 01-EA-H4Candles.JPG Size: 122 KB
Click to Enlarge Name: 02-EA-H4Candles.JPG Size: 97 KB
  • #6
  • Jan 24, 2015 7:41pm Jan 24, 2015 7:41pm
1-if I set SL & TP to "0" so close the trade when candle is closed either is it in loss or profit i think the ea is already doing this?
2-if I use SL & TP for example grater than "0" say SL 1 & TP 5 and if condition does not match live the trade open even candle closes and continue to open next trade with new open candle on set pips.

not sure if this is what you meant
Attached File(s)
File Type: ex4 H4Candles.ex4   201 KB | 444 downloads
  • #7
  • Jan 24, 2015 9:19pm Jan 24, 2015 9:19pm
Quoting leastchaos
1-if I set SL & TP to "0" so close the trade when candle is closed either is it in loss or profit i think the ea is already doing this? 2-if I use SL & TP for example grater than "0" say SL 1 & TP 5 and if condition does not match live the trade open even candle closes and continue to open next trade with new open candle on set pips. not sure if this is what you meant {file}
Hello leastchaos, last EA is not working as it should, Better I explain it again to avoid confutations due to various changes in request by me.

1- EA should work on all time frame
2- Time to trade start and end hours
3-TP & SL input option
4- Lot size input option
5- Positive Pips & negative Pips input option
I assume all these options you already have made in the EA

EA Functionality:
For example: when Pip Positive Are Set to=7 & Pip Negative Are Set to =7

In this case:
If new open candle goes +7 pips from the open price EA must open Buy Trade
If new open candle goes -7 pips from the open price EA must open Sell Trade

Trade closing Conditions: depending on TP or SL

Trade Closing Condition 1-Now suppose If TP OR SL input are Set to “0” zero these above trade either Buy Or Sell must close at the time of current candle closes (does not matter rather trade is winning or in the losing positions)

Trade Closing Condition 2- Now suppose If TP OR SL input are Set to “> 0” grater than zero in this case Condition 1 to be ignored (I mean to say if SL OR TP is not HIT should not close the open trades either Buy Or Sell and when next new candle formed open the new trade as per rules and live the open trade until hit the TP OR SL) and this way continue the cycle…


Hope this makes clearer

Thank You

Regards,
Moti
  • #8
  • Jan 24, 2015 10:44pm Jan 24, 2015 10:44pm
made a mistake with one of the conditions. i have not test this out
Attached File(s)
File Type: ex4 H4Candles.ex4   208 KB | 676 downloads
  • #9
  • Jan 25, 2015 6:01am Jan 25, 2015 6:01am
Quoting leastchaos
made a mistake with one of the conditions. i have not test this out {file}
Hello leastchaos, Please could you check + & - Pips are not resulting as per inputs settings and results image are attached

Thank you for your help

Regards,
Moti
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Settings.JPG Size: 77 KB
Click to Enlarge Name: Results.JPG Size: 70 KB
  • #10
  • Jan 26, 2015 3:14am Jan 26, 2015 3:14am
isnt this what its doing? some brokers dun allow hedge so you wont be able to sell if u have a buy order opened
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 45 KB
  • #11
  • Edited 5:06am Jan 26, 2015 3:49am | Edited 5:06am
Quoting leastchaos
isnt this what its doing? some brokers dun allow hedge so you wont be able to sell if u have a buy order opened {image}
Thank you leastchaos, for your kind help I am testing on demo account my be you are correct is not allowing me hedge, any way I will check all the way possibly thoroughly And will report you by next week.

Have a good day

Regards,
Moti

Edit: Please could you tell me what are these inputs for? And how to use them.
Attached Image (click to enlarge)
Click to Enlarge Name: Settings_1.JPG Size: 82 KB
  • #12
  • Jan 26, 2015 7:20am Jan 26, 2015 7:20am
its an optimisation feature. start is the optimsation start value end is the end value after all the start to step. step is how much is added to the start each time a new optimisation starts.
u can google mt4 optimisation as i sucks at explaining
  • #13
  • Last Post: Jul 3, 2020 3:11pm Jul 3, 2020 3:11pm
Quoting leastchaos
isnt this what its doing? some brokers dun allow hedge so you wont be able to sell if u have a buy order opened {image}
Good Evening Sir,
i hope this thread is still active, i also hope i find you in good health
please i am searching for similar strategy as a newbie thats why i find this thread,
please am sorry to bother you i have been observing similar strategy on my chart that seems like holy grail can you help to adjust this EA with additional filters?

Hope to hear from you
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