Expert Advisor from Forex Strategy Builder - EURUSD H1 | Forex Factory

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Expert Advisor from Forex Strategy Builder - EURUSD H1

  • #1
  • First Post: Edited 6:46am Dec 16, 2015 2:24am | Edited 6:46am
This is a simple Expert Advisor for trading on EURUSD H1 market. The EA is attached below.

Back-test result:

Attached Image


Trading rules:

Long Entry - wait for a bullish bar with body > 30 pips and Volume > 2.0 * Average volume from last 80 bars.
Open long at next bar Open and close at the bar Close.

Attached Image


Short Entry - wait for a bearish bar with body > 30 pips and Volume > 2.0 * Average volume from last 80 bars.
Open short at next bar Open and close at the bar Close.

Attached Image


This Expert is created without programming with Forex Strategy Builder: http://forexsb.com


This video explains how the EA works and how is created:

Inserted Video



EA Parameters:

Attached Image (click to enlarge)
Click to Enlarge Name: expert_advisor_input.png Size: 69 KB



Expert Advisor:
Attached File(s)
File Type: mq4 Rising Candle.mq4   212 KB | 1,432 downloads
  • #2
  • Dec 16, 2015 3:17am Dec 16, 2015 3:17am
Thank you
  • #3
  • Dec 16, 2015 3:53am Dec 16, 2015 3:53am
should work better with stock as its using volume to confirm trade. Does MT4 have volume?
  • #4
  • Edited 4:47am Dec 16, 2015 4:37am | Edited 4:47am
Quoting goldfinger
should work better with stock as its using volume to confirm trade. Does MT4 have volume?
MT has tick volume. It is the number of price changes for the bar. I remember that Bill Williams says in his book "Trading Chaos" that the tick volume correlates well in the real volume. (I personally cannot confirm that)

The idea of the setup is that big markets (as EURUSD) tend to trend, at least at some cases.
  • #5
  • Dec 16, 2015 5:23am Dec 16, 2015 5:23am
Hi Popov,

seems to be really interesting idea. First bactests looks good as well. Do you think it's usable for any forex pairs?

David
  • #6
  • Dec 16, 2015 5:43am Dec 16, 2015 5:43am
Dafa,
This is not a complete trading system, but a base setup.

I'm also surprised how such simple rules show good results, but it lacks of Stop Loss or other protection. If you play with Forex Strategy Builder, you'll find many variants, but I don't want to speculate with that, because the more rules we set, the more over-optimized the system will be.

In my humble opinion, we have to use a portfolio of systems (lets say 4 - 6 or even more) to trade together. When these systems are trading, we have to develop other systems for replacements.
  • #7
  • Dec 16, 2015 5:52am Dec 16, 2015 5:52am
can we use exe file to make the ea, and like breakeven pips, stoploss percentage,percentage profit ,trailing profit as percentage ,close all position when profit X percentage etc.. is their awailable with the tester . and is it possible to use complex strategies to create ea or indicator , Can it create ea for mt5 and tradestation too with same app.. Because i am using one and it is not good enough as no forum support and not able to use complex strategies ...
  • #8
  • Dec 16, 2015 5:54am Dec 16, 2015 5:54am
Yes, you are right, I have been working on this type of portfolio. 5-6 strategies on some instruments in one portfolio budget. Forex strategy builder I downloaded few days ago and it looks good but it takes a lot of time and i have a problem with time last few month.:-/
  • #9
  • Dec 16, 2015 5:56am Dec 16, 2015 5:56am
But I have a problem to trust strategy builder, because yesterday I exported one of very profitable strategy from builder to MT4 and make new test with MT4 tickdata and result was very different. Not profitable..maybe I do something wrong or I don't know..
  • #10
  • Dec 16, 2015 6:07am Dec 16, 2015 6:07am
Quote
I exported one of very profitable strategy from builder to MT4 and make new test with MT4 tickdata and result was very different.

Did you use the same historical data and symbol settings? It is possible the strategy to be too curve-fitted to the data files you have used.

I have experience that before - a test on a Demo account may be different than a result from a Real account.

...

By the way, MT4 doesn't use tick data. It fabricates ticks on a predefined way. FSB is doing something similar to that, but it uses more advanced algorithms. Anyway, depending on the EA structure, we may not depend on the bar interpolation algorithm at all. This EA is an example. It has the same result on "Control points" and on "Every tick" methods.
  • #11
  • Dec 16, 2015 6:16am Dec 16, 2015 6:16am
Quoting PopovMP
{quote} Did you use the same historical data and symbol settings? It is possible the strategy to be too curve-fitted to the data files you have used. I have experience that before - a test on a Demo account may be different than a result from a Real account. ... By the way, MT4 doesn't use tick data. It fabricates ticks on a predefined way. FSB is doing something similar to that, but it uses more advanced algorithms. Anyway, depending on the EA structure, we may not depend on the bar interpolation algorithm at all. This EA is an example. It has...
No, I haven't the same data. For MT4 I have data from Startegy Quant Tick Downloader and exported to Mt4 as M1,M5, etc.. It's enough for long term 90% quality tests. It use data from Dukascopy. I am not sure which data use Strategy Builder..
  • #12
  • Dec 16, 2015 6:24am Dec 16, 2015 6:24am
The data download service of Forex Strategy Builder takes also data from Dukascopy, but it can use data from MT (and that is the preferred way).

FSB is not a replacement of MetaTrader. As you see, I'm showing here a backtests from MT4.

You are completely right to search for an EA that works well in MT. Finally we are going to use it for trading and put our money there. The EA must be 100% reliable.
  • #13
  • Dec 16, 2015 6:33am Dec 16, 2015 6:33am
Hi ,I was doing backtest with this ea from 2013 t it did not test bust only from 2015 why is that , as i have history fronm 2001 on peperstone .but testing from 2015 it the test open position after april 2015 could you inform me solution for this ea to run test and optomise for longer term .Thanks
  • #14
  • Dec 16, 2015 6:39am Dec 16, 2015 6:39am
There is no limitation in the EA.

I have tested it on data from 2014.07.28 19:00 to 2015.12.14 14:00.
The EA opened the first position on 2014.08.07 17:00 and last one on 2015.12.11 17:00

Do you see any warnings in the MT Journal?
  • #15
  • Dec 16, 2015 6:46am Dec 16, 2015 6:46am
No warning in the journal .But surprising that no positions from 2012 -2015 jan
  • #16
  • Dec 16, 2015 7:11am Dec 16, 2015 7:11am
Quoting PopovMP
There is no limitation in the EA. I have tested it on data from 2014.07.28 19:00 to 2015.12.14 14:00. The EA opened the first position on 2014.08.07 17:00 and last one on 2015.12.11 17:00 Do you see any warnings in the MT Journal?
I am at work but I have in my home data with 90% quality from 2003 so I will do the backtest evening..
  • #17
  • Dec 16, 2015 7:39am Dec 16, 2015 7:39am
I will test it tonight when Iīm home. Seems very interesting. You havenīt test it with sl, tp, be?
Regards
  • #18
  • Dec 16, 2015 8:12am Dec 16, 2015 8:12am
This EA works well with Trailing Stop. It is shown at the end of the video how you can set it.

Here is MT4 backtets with Trailing Stop (1000 points) on my broker.

Attached Image


The profit is almost 2 times bigger than the original EA.

The Trailing Stop is shown in the input parameters.

Attached Image


Rising Candle with Trailing Stop.
Attached File(s)
File Type: mq4 Rising Candle - TS.mq4   212 KB | 895 downloads
  • #19
  • Dec 16, 2015 11:56am Dec 16, 2015 11:56am
Popo- U have hit on something my man. y r trading the trend and thats how I want to trade with the trend and volume on my side. Could you trail the stop on the low of hourly candle\/
  • #20
  • Dec 17, 2015 10:11am Dec 17, 2015 10:11am
Hi popov

Looks like a nice EA, I have loaded it on my demo MT4 and have the smiley face showing. The Ea printss the arrows where the trade should be, but doesn't open a position.

Any ideas what would cause this?

many thanks
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