[update 17 Sep 2015]
UdineEA forward test in demo account is discontinued since it doesn't have any kind of edge over the market, related Trade Explorer is removed.
A new Trade Explorer is attached related to this 'idea' on how to trade UdineEA in a different way.
Hi All,
I'd like to share with you a simple EA coded for 00 Levels thread opened by Udine, I prefer to open a separate thread so to not clutter original thread with post related to this EA, so please direct your questions related to this EA here instead of Udine's thread.
[Thread Rules]
* No troll, no calling names, no flame are allowed in any form here. We are professional here and act as professional if we want to succeed in our quest.
* Inappropriate behaviours will be punished with permanent ban from the thread and reported to the site administrators.
* EA is provided as is, there maybe several bugs that could damage seriously your account , so it's completely your decision and your risk to use it with real money.
* I'll not share the source code (.mq4) for multiple reasons : mostly because there was a lot of work done to code it, I don't want to find it sold on some scammer site and lastly I'd like to have full control on its development and subsequent versions.
* There's no free lunch here, go and do your homework , STUDYING what's about Udine's strategy. This EA is meant as an helping hand but cannot substitute in any way trader's knowledge.
* Do not never ask me here (or by pm) for 'custom' changes to this EA. If you do so then I'll charge a fee per hour since I'm a professional coder and if you really need a modify or whatever then you have to pay for my time (which is limited due to my daily job).
* There's no commercial interest on my side and everything here is shared for free in the spirit of helping others, if someone is trying to sell my EA please report back.
[Note]
I think that using whatever EA without knowledge about its logic coded, it's limit, what can or cannot do, is a recipe for disaster.
This is why in this first testing stage , I'm locking the EA to run only on demo account and for limited time ( usually end of each month so to be sure everyone is using latest version), then in due time I will share new version to be traded on real account.
In this way we can test it more deeply to find hidden bugs and most important to understand what's logic behind Udine's strategy (which by the way is very simple if you took the time to study it).
To be noted that this EA cannot be properly backtested due to news filter presence, so I do not trust it completely because I cannot figure out its statistical behaviour so I cannot evaluate its weakness and limit (max drawdown, max consecutive losses,...)
Lastly, since this EA works with TP 5 and SL 10 is very very important that you choose a regulated ECN broker with spreads below 2 pips for official pairs allowed (EJ,EU,GJ,GU)
[Technical Details]
Latest Version : 1.1.8 [30 May 2015]
Expire on : unlimited
Account type : all (demo+live)
TimeFrame : M30 (locked)
Risk Per Trade : < 4% (locked)
Pair : EURUSD,EURJPY,GBPJPY,GBPUSD (locked)
Entry type coded : Level 1 (Refer to Udine's thread)
[Users's Parameters]
LotSize (default = 0.01) // only used if MoneyManagement is false (deprecated)
StopLoss (default = 10) // Stoploss in pips
TakeProfit (default = 5) // Takeprofit in pips
MoneyManagement (default = true) // if true then orders are opened based on Risk % of account (deprecated)
Risk (default = 2) // only used if MoneyManagement is true - do not use Risk too much high (< 4% is maximum value suggested)
MaxLossesPerDay (default = 4) // Max losses per day allowed, if reached EA stops opening trade for the whole day
TradeOnlyLondon (default = true) // If true EA places trades only trade during London session (7 GMT - 16 GMT), if false EA places trades always (not suggested)
TrailingStop (default = 3.5) // Trailingstop in pips
DailyTargetPercentage (default = 2) // Daily target as percentage of account balance , when EA reaches this value stops trading for the whole day.
PairSuffix (default = "") // Suffix of pair in case your broker support it (ie GBPJPYi, or EURUSDmicro and so on...)
GUI_X = x-axis in pixel for UI
GUI_Y = y-axis in pixel for UI
[Mandatory Indicators]
Wukar_News
FFCal-Wukar
AbsoluteStrenghtHisto
[Template Indicators]
[Screenshot]
[EA Rules]
This EA is designed to place and manage trades according to Level 1 rule from Udine's 00-level strategy, in particular all important informations is collected and shown on chart screen.
EA will scan the chart and place trade based on simple rules, it will check for daily open price and place only long if price above, short if price below.
Only one trade will be opened per hour and all orders will be done through placing pending orders. Pending orders, if not triggered, will be deleted 5 minutes before an M30 candle is closed.
At the start of each M30 candle , EA will place a pending order @ .00 level only if ASH (AbsoluteStrenghtHisto) is changing colour from red to green (long - above daily open) or from green to red (short - below daily open).
EA is designed to open only at .00 level (not .50 level) and work only on EJ,EU,GU,GJ (please don't ask for other currencies,index,metals,cfd and so on...!)
EA will show on chart an yellow line that is to be intended as a *potential* entry. If all conditions are met then EA will automatically place a pending order.
No trades will be placed 1 hour before big red News for EUR,JPY,GBP,USD and after half an hour.
No trades will be placed if ADR has not space left in pips (up or down depending on daily open side)
No trades will be placed if it's long @ .900 level or short @ .100 level
No trades will be placed if max losses per days are reached.
No trades will be places if daily target level is hit for the day.
No trades will be placed before London Open and after London Close (if TradeOnlyLondon is set to true), in particular EA detects automatically London open and close time.
[EA Installation]
Extract UdineEA_package.rar directly into MT4 root (C:\...\{Your MT4 folder}\) , you'll find UdineEA, indicators and template I'm currently using with Udine EA.
After extracting all files , simply open platform and select Udine EA template.tpl from template list and you should are ready to go (just in case check in Expert and Journal tab if some indicators are missing).
Finally be sure to see a smiling face in the top-right corner of your screen which indicates UdineEA is running correctly.
[Thanks]
This thread and UdineEA may exists only through the great thread started by Udine and his very sound trading approach which is helping a lot of traders to become successful, a big thank to Udine !
Cheers,
Skyline
UdineEA forward test in demo account is discontinued since it doesn't have any kind of edge over the market, related Trade Explorer is removed.
A new Trade Explorer is attached related to this 'idea' on how to trade UdineEA in a different way.
Hi All,
I'd like to share with you a simple EA coded for 00 Levels thread opened by Udine, I prefer to open a separate thread so to not clutter original thread with post related to this EA, so please direct your questions related to this EA here instead of Udine's thread.
[Thread Rules]
* No troll, no calling names, no flame are allowed in any form here. We are professional here and act as professional if we want to succeed in our quest.
* Inappropriate behaviours will be punished with permanent ban from the thread and reported to the site administrators.
* EA is provided as is, there maybe several bugs that could damage seriously your account , so it's completely your decision and your risk to use it with real money.
* I'll not share the source code (.mq4) for multiple reasons : mostly because there was a lot of work done to code it, I don't want to find it sold on some scammer site and lastly I'd like to have full control on its development and subsequent versions.
* There's no free lunch here, go and do your homework , STUDYING what's about Udine's strategy. This EA is meant as an helping hand but cannot substitute in any way trader's knowledge.
* Do not never ask me here (or by pm) for 'custom' changes to this EA. If you do so then I'll charge a fee per hour since I'm a professional coder and if you really need a modify or whatever then you have to pay for my time (which is limited due to my daily job).
* There's no commercial interest on my side and everything here is shared for free in the spirit of helping others, if someone is trying to sell my EA please report back.
[Note]
I think that using whatever EA without knowledge about its logic coded, it's limit, what can or cannot do, is a recipe for disaster.
This is why in this first testing stage , I'm locking the EA to run only on demo account and for limited time ( usually end of each month so to be sure everyone is using latest version), then in due time I will share new version to be traded on real account.
In this way we can test it more deeply to find hidden bugs and most important to understand what's logic behind Udine's strategy (which by the way is very simple if you took the time to study it).
To be noted that this EA cannot be properly backtested due to news filter presence, so I do not trust it completely because I cannot figure out its statistical behaviour so I cannot evaluate its weakness and limit (max drawdown, max consecutive losses,...)
Lastly, since this EA works with TP 5 and SL 10 is very very important that you choose a regulated ECN broker with spreads below 2 pips for official pairs allowed (EJ,EU,GJ,GU)
[Technical Details]
Latest Version : 1.1.8 [30 May 2015]
Expire on : unlimited
Account type : all (demo+live)
TimeFrame : M30 (locked)
Risk Per Trade : < 4% (locked)
Pair : EURUSD,EURJPY,GBPJPY,GBPUSD (locked)
Entry type coded : Level 1 (Refer to Udine's thread)
[Users's Parameters]
StopLoss (default = 10) // Stoploss in pips
TakeProfit (default = 5) // Takeprofit in pips
Risk (default = 2) // only used if MoneyManagement is true - do not use Risk too much high (< 4% is maximum value suggested)
MaxLossesPerDay (default = 4) // Max losses per day allowed, if reached EA stops opening trade for the whole day
TradeOnlyLondon (default = true) // If true EA places trades only trade during London session (7 GMT - 16 GMT), if false EA places trades always (not suggested)
TrailingStop (default = 3.5) // Trailingstop in pips
DailyTargetPercentage (default = 2) // Daily target as percentage of account balance , when EA reaches this value stops trading for the whole day.
PairSuffix (default = "") // Suffix of pair in case your broker support it (ie GBPJPYi, or EURUSDmicro and so on...)
GUI_X = x-axis in pixel for UI
GUI_Y = y-axis in pixel for UI
[Mandatory Indicators]
Wukar_News
FFCal-Wukar
AbsoluteStrenghtHisto
[Template Indicators]
[Screenshot]
[EA Rules]
This EA is designed to place and manage trades according to Level 1 rule from Udine's 00-level strategy, in particular all important informations is collected and shown on chart screen.
EA will scan the chart and place trade based on simple rules, it will check for daily open price and place only long if price above, short if price below.
Only one trade will be opened per hour and all orders will be done through placing pending orders. Pending orders, if not triggered, will be deleted 5 minutes before an M30 candle is closed.
At the start of each M30 candle , EA will place a pending order @ .00 level only if ASH (AbsoluteStrenghtHisto) is changing colour from red to green (long - above daily open) or from green to red (short - below daily open).
EA is designed to open only at .00 level (not .50 level) and work only on EJ,EU,GU,GJ (please don't ask for other currencies,index,metals,cfd and so on...!)
EA will show on chart an yellow line that is to be intended as a *potential* entry. If all conditions are met then EA will automatically place a pending order.
No trades will be placed 1 hour before big red News for EUR,JPY,GBP,USD and after half an hour.
No trades will be placed if ADR has not space left in pips (up or down depending on daily open side)
No trades will be placed if it's long @ .900 level or short @ .100 level
No trades will be placed if max losses per days are reached.
No trades will be places if daily target level is hit for the day.
No trades will be placed before London Open and after London Close (if TradeOnlyLondon is set to true), in particular EA detects automatically London open and close time.
[EA Installation]
Extract UdineEA_package.rar directly into MT4 root (C:\...\{Your MT4 folder}\) , you'll find UdineEA, indicators and template I'm currently using with Udine EA.
After extracting all files , simply open platform and select Udine EA template.tpl from template list and you should are ready to go (just in case check in Expert and Journal tab if some indicators are missing).
Finally be sure to see a smiling face in the top-right corner of your screen which indicates UdineEA is running correctly.
[Thanks]
This thread and UdineEA may exists only through the great thread started by Udine and his very sound trading approach which is helping a lot of traders to become successful, a big thank to Udine !
Cheers,
Skyline
.
