BO System? Here is "The Italian jOB"

close/close
MA, simple

So guys, finally I'm here!!! In the near past I have had serious problems which did not allow me to do anything until now. I ask sorry to you all. Anyway, I've see a lot of people with a lot of intrested in the ItalianJob and Sugarman System! I'm really happy. I've updated the First post just now to do some cleaning.
I want to tell all of you that I'm already working on something crazy! A real 2.0 ItalianJob system, so, I hope to receive support from you all.
I'll give you update soon here.

Sounds good ilMike, looking forward to seeing what crazy thing you have come up with.

By the way, the nonlag stoch nrp mtf was my little contribution ...
Glad to see you back, ilMike !

Guys, the best results are obtained on a 5 minutes TF with a 10 minutes expiry. Max successive loss registered from the system with this setup is 4 in all assets (5minTF-10minEXP), so you can think to apply a Martigale MM. Here is the last version Attachment .

Hi Mike

Your attachment is not opening.

opens fine here, will be testing this mike. cheers man

it works for me although the results don't look that good on the one chart I looked at, although they did look better with a 200 ema on the chart and only take the signals long above and short below the ema. However, this was just a quick visual check and by no means a proper back test.

The attachment is the last v6 Italianjob matrix.

Got it, thanks Mike.

Set the chart with a 5min TF and be sure that the matrix is set as default with a 10 minutes exp. Let me know.

mike the overall win % doesnt seem that different from v6 does adding martingale help push that up?

Definitely. My goal is to create a system that gives me less consecutive losses possible. In this way you can think to applying a mm based on Martingale. But read here, I personally use a martingale that bring me to balance the investment lost and so not to double it. For example, if my broker offers a payout of 81% and the first investment of 25 is lost, I don't do a new investment of 50(so double), but I apply this mathematical formula "investment lost divided by the % payout" then 25:0.81=30.86. If it is lost again I do 1st investment plus 2nd investment divided by the % payout so (25+30.86):0.81=68.96... and go on.
But I do not always doubled at the first opportunity. Sometimes I give up, it depends on the market.

excellent thanks for that info. Im also looking forward to 2.0 you are a star for sharing with us all thank you for that!

Ok guys, I need a good mt4 programmer, please pm me.

Why don't you ask Mladen or Mrtools from TSD ?
Those are always very helpful when you want to modify an indicator, at least when it's not an 'Elite' thing.
There is also a thread on this site, called : 'I will code your EAs and indicators for no charge'.
There you can ask some things too.

Hello!

I can program it.. give me more details about your idea.
i've saw the initial pages of this thread, the entrys only depends of the indicators levels, so it should be easy to code.
Also, we can block the trading during news, using a webrequest for a news provider.

Thank you, I'll do asap

PM for you

Hi Mike

Picture as discussed.

Hello

My fist contribution for this thread.
The EA ItalianJob2:

Trade according the levels of Bollinger Bands, ADX and Stock with multiple %K values:

INPUTS:

---Trading Setings---
Expiry { _1min,_2min,_5min...} - expiry time for Statistics and OrderSend
mode {EVERYTICK=0,CLOSE=1} - CLOSE: trade only on close of bar (last 3 seconds) EVERYTICK: trade anytime
lot = 1 - (CLM 1Lot = 1$(only accept integer values) / GDM 0.01Lot=$10)
imagic=12345 - In case of trade multiple sets on same symbol, use diferente magic numbers

---Enter Setings---
use_BB - Check Bollinger bands to trade
use_ADX - Check ADX to trade
use_Stock - Check multiple stock to trade
check_bull_bear_candle - Check bear candle on call and bull candle on put.

---Stats Setings---
StartDate="2015.04.01" - Start date for analyses the history stats
FinishDate="Today" - Finish date for analyses the history stats (use "Today" or "yyyy.mm.dd")
DrawVerticalLines=TRUE; - Vertical lines (Red: Put / Blue:Call)
Alerts=TRUE - Alerts on new signal

---Bands Setings---
BB_Per=20 - Bollinger bands period
BB_Dev=2.0 - Bollinger bands Dev

--ADX Setings---
ADX_Per=5 - ADX period
ADX_level=0.9999 - Level max of ADX to allow trades
ADX_PRICE - Price used to calculation of ADX

---Stoch Setings---
K_min=6
K_max=22 - Multiple %K Stoch (rainbow stoch) will analyse stock with %K from k_min to k_max
D=1 %D
Slow
MA Moving average method
STO_PRICE - Stoch calculation prices
stoch_level=10 - The leves are symmetric: 10 means 10/90. 15 means 15/85.

.--News Settings---
iAvoid_News=TRUE - Avoid trading during news
Auto_download=TRUE - Download the economic calendar automatically from myfxbook.com every day. This is the best way to
News_CSV="calendar_statement.csv" - Manual download of news file from myfxbook.com. It should be placed on folder MQL4/files and be sure that is in GMT+0 time.
High_impact=30 - Minutes before and after news of High Impact with trading restricted.
Medium_impact=10 - Minutes before and after news of Medium Impact with trading restricted.
Low_impact=0 - Minutes before and after news of low Impact with trading restricted.