HA_Rider (A Robots Lab EA)

Nothing here is for sale or will ever be for sale. Abokwaik himself said this is an "Open Source Type Project" where he shares his code free of charge and everyone is free to add ideas and make the changes that they want to it.All in the spirit of helping each other to be as profitable as we can without charge

HA_Rider

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AS ALWAYS PLEASE ENSURE THAT YOU READ THE WHOLE FIRST POST OF THE THREAD BEFORE ASKING ANY QUESTIONS

-----Warning : Trading is very risky so please make sure you understand all the risks involved------


This thread will be dedicated to using the HA_Rider_EA coded by Abowaik and produced in his Robots Lab . The main idea was contributed by TyLamai .



To start a very special thank you to Abowaik who spends a great deal of time doing the coding of great robots like this one and then sharing it with us here for free.Most traders have to pay money to get systems automated and Abowaik is giving selflessly here at ForexFactory and we thank him for that.




The MOST important rule to remember here is that each of us has their own responsibility to learn how to do things that you don't understand and that Google is a great resource if you don't understand something.Threads like this one works well for people who do and think for themselves and I for one am very very happy to help within reason.We were all newbs once but respect and common decency is very important when requesting help or debating a certain point or topic about anything here.



The original post regarding the EA can be found in the Robots Lab by clicking HERE and summarized in TyLamai's own words below :

1. This idea is based off of the Heiken Ashi (HA) default indicator which comes with MT4. I would "suggest" the EA allows the option for the user to input his/her own preferred HA values.

2. See the attached Image. H4 chart is chosen just as an example - this should work on H1 or D1 or any other chart as dictated by the user.

3. Let's assume that HA begins with a Green/Bullish Signal...

- EA should wait for the HA candle to Close as Green and then open a Buy Position (Lotsize and Risk amount to me determined by User Input. SL and TP in my opinion is unnecessary for this system but you can decide to add these as user inputs too I guess.)

- As long as HA continues to close as Green/Bullish, EA should continue to open ADDITIONAL Buy positions at EVERY new candle Open

- Once HA closes as Red (i.e. a Contrary Color), ALL Open Green/Buy Positions should be closed and a Red/Sell Position opened (*Please see Arrows depicted in the attached image).



The EA

Updates :

 

1. Option to use either standard HA indicator (HA) or HA Smoothed Indicator (HAS) with user settings. I modified the Smoothed indicator, my modifications are listed in the header section of the indicator MQ4 file. So please use the one posted here.
2. Filter by Higher Time Frame HA or HAS (based on above selection). To disable set Higher time frame same as Time_Frame. When HAS option is used, different settings can be entered for Higher time frame HAS
3. Time frames can be entered as letters Caps or Small (H1, H4, D1, W1 ... etc) instead of numbers of minutes. Number of minutes will also work.
4. Exit options as Equity percentage Gain or Loss (10 = 10%). This option will apply to all PAIRS, as it is related to Account Equity not a Single Pair Profit/Loss.
5. Can be traded on multiple pairs (multiple charts) with Same Magic Number.
6. Pair orders will be closed if a reversal signal appears for that pair regardless of Equity Gain/Loss input.
7. ECN option.

Inputs:

1. Time_Frame = "D1"; // Time Frame Used, letters or minutes
2. ------------------------------------ --------
3. HA_Settings = "Heiken Ashi Indicator Settings"
4. Indicator_Type = "HAS"; // HA:Heiken Ashi, HAS:Heiken Ashi Smoothed
5. HAS_MA_Method_1 = 2;//HAS MA Method 1 : 0:Simple,1:Exponential,2:Smoothed,3:Linear_Wighted
6. HAS_MA_Period_1 = 4;//HAS MA Period 1
7. HAS_MA_Method_2 = 2;//HAS MA Method 2 : 0:Simple,1:Exponential,2:Smoothed,3:Linear_Wighted
8. HAS_MA_Period_2 = 1;//HAS MA Period 2
9. ------------------------------------ --------
10. Lot_Size_Controls = "Lot Size Controls"
11. Fixed_Lot_Size = 0.1;// Lot Size for 1st order in the chain
12. Next_Lot_Factor = 0.8;// Next Order Multiply Factor, to use orders of same size set to 1
13. ------------------------------------ --------
14. Orders_Controls = "Orders Controls"
15. Min_Pips_Between_Orders = 20;// Min. Distance in Pips or Points between orders // Pips(for 4-digit broker) or Points(for 5-digit broker)
16. Max_Open_Orders = 10;// Max. Open Orders per pair
17. ------------------------------------ --------
18. Closing_Options = "Closing Options"
19. Equity_Gain_Percentage = 10;//Equity Gain Percentage
20. Equity_Loss_Percentage = 10;//Equity Loss Percentage
21. Stop_Loss_Pips = 100;//Stop Loss in Pips (0 to disable)
22. Trailing_Stop_Pips = 100;//Trailing Stop in Pips (0 to disable)
23. Trailing_Stop_Jump = 10;//Trailing Stop Jump (to reduce order modification requests)
24. ------------------------------------ --------
25. Entry_Filters = "Entry Filters"
26. MA_Period = 200;//MA Period. 0 to disable
27. MA_Type = 0;//MA Type:0:Simple,1:Exponential,2:Smoot hed,3:Linear_Wighted
28. Higher_TF = "W1";//Higher Time Frame (to disable set as Time_Frame)
29. H_HAS_MA_Method_1 = 2;//HAS MA Method 1 : 0:Simple,1:Exponential,2:Smoothed,3 :Linear_Wighted
30. H_HAS_MA_Period_1 = 4;//HAS MA Period 1
31. H_HAS_MA_Method_2 = 2;//HAS MA Method 2 : 0:Simple,1:Exponential,2:Smoothed,3 :Linear_Wighted
32. H_HAS_MA_Period_2 = 1;//HAS MA Period 2
33. ------------------------------------ --------
34. Miscellaneous_Options = "Miscellaneous Options";//Miscellaneous Options
35. Max_Seconds_to_Activate = 60;// Max. Seconds to activate after candle starts
36. Max_Allowed_Slippage = 10;//Max Allowed Slippage
37. Normal_or_ECN_Account = "N";//N:Normal, E:ECN

Explanation on how to use the time frames:

 

1. We have 2 inputs for time frames , the first one is Time_Frame: This is the main time frame used by the EA. the second one is Higher_TF which is used as a filter.
2. Example: for Long Entries HA should be UP on Time_Frame, and if you are using the Higher_TF filter then its should ALSO be UP on theHigher_TF
3. So suppose you are trading the H4 time frame and would like take entries that are supported by the W1 time frame, then your settings would be as follows:
   1. Time_Frame = H4
   2. Higher_TF = W1

   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   

4. But if you want to take trades off the H4 HA REGARDLESS of higher time frames, then your settings will be as follows:
   1. Time_Frame = H4
   2. Higher_TF = H4

   
   
   
   
   
   
   
   
   
   
   
   
   
   
   

5. It doesn't matter on which time frame you put the EA, because it will used values from the settings not from the current chart.

Extra Notes

 

1. Maximum Seconds to activate after candle start = 60 seconds, this will be very short period, and Robot might not be able to open the trade. Specially on a start of the daily candle where slippage and re-quotes happen too often. 60 seconds could be suitable for a M15 or H1, but for D1 you should allow for at least 300 seconds (5 minutes).

Cases of when the EA will not open a trade although HA/HAS on the selected time frame are confirming the trade :

The EA will open a new trade on EACH HA/HAS candle UNLESS:

 

1. Higher Time Frame filter used, and HA/HAS on the Higher time frame has an opposite signal
2. Max Seconds to activate has passed already. (i.e. You are attaching the EA on the H1 time frame at 10:15 and you set Max Seconds to 60=1 minute. So the maximum time to open the trade on this hour was 10.01 which is already passed. If the EA stays active it will open a trade on 11.01 if other conditions apply). This feature was request by TyLamai, so that the EA does not start to open trades once you attached on the chart, it has to wait for the current candle to close. In order to disable this feature(limitation) you can set it to a high number (i.e. 1000).
3. If you set the MA Period > 0 under Filters, and MA filter is giving an opposite signal
4. Min. Distance between orders is not satisfied.
5. Max Slippage allowed is not satisfied
6. Max. Open Orders per pair is Reached

The most recent version of the EA posted HERE and uploaded to the first post on 16 / 02 / 2015

Please remember that you must have this Heiken Ashi Indicator installed for the EA to work correctly




====================================================================================================
TyLamai's Setting , Template and notes
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TyLamai has been doing forward testing with the EA in the following way which has shown some good results up to present.There might be other ways that it can be used and traders are encouraged to try whatever they want with the EA and share their findings here.

TyLamai's setup (Which I will still confirm with him in full detail and then will remove this text in brackets once I have done that)

The EA is then set up in a basket of 15 pairs and will close all trades when a certain equity percentage change happens either to the positive or negative side

The pairs that he uses are :

AUDCAD
AUDJPY
AUDUSD
CADJPY
EURAUD
EURCAD
EURJPY
EURUSD
GBPAUD
GBPJPY
GBPUSD
NZDJPY
NZDUSD
USDCAD
USDJPY


Below are his instructions in his own words found HERE

General Notes:
============================
- I trade this on 15 currency pairs (list of pairs also attached).

- I trade this on the D1 TimeFrame. Therefore, this BOT opens trades ONCE daily but on 15 pairs simultaneously IF...if the conditions are met.

- I manually intervene at times - Like choosing NOT to trade today since it's already Friday (*BOT deactivated from yesterday).

- I do NOT allow the BOT trade on Sunday Night...I only activate it on Monday so that it's first set of trades occur at the BEGINNING of the Asian session on Tuesday (please figure out how that applies to your time zone).

- NO. I do NOT trade this Live yet.


Money Management Notes:
============================
=> I do NOT trade this system using StopLosses and neither do I make use of TakeProfits.

=> I employ SET Target Percentages (30%) at which point an Equity Management EA Closes ALL trades and that's that.

=> An Equity EA also Closes ALL trades if Equity drops to 60% of the Starting Equity (e.g. $600 on a $1,000 starting equity).

=> I trade 0.10 lots per $1,000. This increases EVERY $1,000, meaning: At Equity = $2,000, Lotsize will increase to 0.20. Also note that at $3,000 I decided to maintain the 0.20 lotsize to mitigate risk.

=> Lastly, you MAY chose to GROSSLY reduce your own risk by making it 0.01 lots per $1,000, your choice.

====================================================================================================


All Trade Explores and settings (IF you want to share your info here please PM me)
-------------------------------------

Rooi
Here are my setting:
Attachment

Attachment
Abowaik

SmoothTrader
I have modified the EA to keep track of the average spread for each pair and to restrict opening trades to only when the spread is within a multiple (user defined) of the average spread. This way you are not buying or selling at some of the unreasonable prices that can occur just as the new day begins. It worked perfectly for me today as all of my new trades were a very reasonable prices. I extended the time that the order could be filled to one hour after the opening

Anyone else who want to share their Exsplorer Please PM me the details or post update information in the thread

A couple of the first questions ( Taken from the Robots Lab and consolidated here so that its easy for future reference )
------------------------------------


A few Quick questions AB - if I may:

1.) Do my settings below mean that I have disabled MA but that I am STILL using HAS D1 (2,4,2,1) as a Higher Time Frame Filter?

input string Entry_Filters = "Entry Filters";//Entry Filters
input int MA_Period = 0;//MA Period. 0 to disable
input int MA_Type = 0;//MA Type:0:Simple,1:Exponential,2:Smoot hed,3:Linear_Wighted
input string Higher_TF = "D1";//Higher Time Frame (to disable set as Time_Frame)
input int H_HAS_MA_Method_1 = 2;//HAS MA Method 1 : 0:Simple,1:Exponential,2:Smoothed,3 :Linear_Wighted
input int H_HAS_MA_Period_1 = 4;//HAS MA Period 1
input int H_HAS_MA_Method_2 = 2;//HAS MA Method 2 : 0:Simple,1:Exponential,2:Smoothed,3 :Linear_Wighted
input int H_HAS_MA_Period_2 = 1;//HAS MA Period 2

2.) input int Max_Allowed_Slippage = 3;//Max Allowed Slippage
This represents 3 pips right? On a 5 Digit broker?

Regards,

Ty

====================================================================================================

The Response ( By Khalil )
-----------------

1. Yes. Correct.
2. Slippage of 3 on a 5-digit broker means that if the buy order sent was @ 1.12345, then robot will not open the order at any price above 1.12348.

Question by Telac
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Thanks for the reply - the reason for the PM was just in the event I had missed it in the thread, (which I sometimes do) I didn't want to add unnecessary posts. Not quite sure I understand the MM. You mention that on the journey from $1000 the account got to $544.43; unless I'm not understanding the MM correctly this would mean you went over the 40% ($400) by $55.57 if indeed the account hit a low of $544.43. Same on the next journey from $2000 to $3000.... a low of $1151.67 would indicate a draw down of $848.33 which is over a bit over the 40% curb which would be a low of $1200. I assume I am not understanding something correctly - likely the case. At any rate, as you say there is no reason to rush the account too quickly, half the lot-size still would produce amazing gains. Very Nice! Again, thanks for sharing.


====================================================================================================


Response by TyLamai
-------------------------
Maybe I should just chip in a little here B-Naire2B...

It ALL depends on HOW you wanna trade using this HA_Rider BOT...

But, I do not really agree that " it will be harder and harder for a fix lot to achieve a percentage equity increase targets"...REASON is because so far what has been described has been a "FIXED" ROI Target also:

Equity = $1,000? Then target 10% of that EVERY TIME using a Fixed lotsize of 0.10 UNTIL Equity becomes $2,000...
Once Equity becomes $2,000, DOUBLE the Fixed lotsize and Rinse & Repeat.
The same applied even on a $100,000 account.

But...maybe I do not understand what you mean by the above?

Regards,

Ty

Hi Guys

The thread is now open and feel free to ask ans share all HA_Rider related questions and contributions here so that it is consolidated into one thread so that it is easy for anyone in the future to find all the relevant information about the EA and the progression


I will be setting up a trade explorer tonight tomorrow but will be a little more risk averse than TyLamai's and will share setting and results.

Rooi

hello I will follow this topic and do some testing, you can say whether you can use 2 settings in the same pair with the same account, one with HA candles and other candles HAS?

No. All instances (clones) of the EA MUST share same magic number, which is used in trade closing. The EA tracks individual pair trades based on magic number + pair name.Accordingly if two instances share same magic number and same pair, it will create a conflict between trades of both instances.However I can allow for that. I didn't do it because the idea was trade a group of pairs to diverse the risk.

Note that you can use different settings for each pair you trade. Including time frames, HA settings, filters, SL..etc. BUT if you used different Equity gain/loss percentages, the minimum ones will be applied.

HAS never used candles I have to read a little about them, but I think it should be slower than HA, I read some articles and make the best choice for me, I will use term D1.

Would it be possible to create a version of the EA that can trade pairs as a basket using a single offline chart for entries and exits? Would be fabulous to also be able to create the offline with the ability to reverse pairs.

Can this be done on artificial renko candles. renko charts are offline so that is a challenge: i suppose some sort of indicator of where the renko highs and lows would be applied would have to coded, and then apply the HA to those levels. This idea is not original. There was a thread at one of the other sites, where this idea was proposed to be traded manually. I'd love to see if it improves your results. i think you might be pleasantly surprised, as my experience with renko and range bars is that they vastly improve any indicator. i wonder if range bars would work too? just some ideas that came to mind fwiw. Thanks for sharing. Enjoy Sunday.

See Basket Trading EA by seller9

Dan

Such EAs are already available here at ff.

might be interesting each testing a different configuration from the other, so we could go following results, HA tested like a candle filters with no other filters and so on, may conclusions arrived earlier. Just a suggestion, I am available to test an arrangement.

You are right. Unfortunately there is no offline chart creator with the ability to reverse pairs. This is a feature I am particularly interested in. By the way, very generous and great work you are doing at the lab. Thanks.

Interesting.I would like to learn more about this.Can you share your view in the lab for more discussion. Thanks LITE,

Dear abokwaik
Do I have to attach the EA to every chart of the 15 pairs
from the basket?
Thank you very much
Dan

YES. It must be attached to each chart.

GREEN pips to you always.

Sorry for the dumb question, but I'm new to EAs.... If you want this to trade on the 4 hour timeframe you would just set the "Time Frame Used" to H4?

Hi

Yes this EA will take the information from the TimeFrame it is sitting one.

Unless you change the setting in the EA properties window

28.Higher_TF = "W1";//Higher Time Frame (to disable set as Time_Frame)


Rooi