TREND Following BASKET with Advanced Money Management

** Update - Trend following EA for NonLagDot indicator now at Post # 82 **

(Help Guide available below for download)

This system consists of 6 Expert Advisors and 1 indicator which monitors Account Equity.

Each Expert Advisor can attach to any Currency Pair and Timeframe (60 min is recommended).
The trend reversal Systems included are EMA, RSI, MACD, CCI and Bollinger Bands.

Each EA includes advanced Money Management features including

 

1. The ability to be run in Advisory, Discretionary or Automatic Trade modes.
2. Fixed Wager or Wager based on Risk%
3. Trailing Stop Loss
4. Set Stop Loss to Break Even
5. Increase of Wager after Losses by a nominated multiple (between 1.0 and 2.0) with max. 20% of Equity
6. Trade Closure on Take Profit and/or Signal Reversal

The CloseTrades EA monitors the whole basket of active EA's (or nominated range) and will automatically close all current trades on a nominated basket gain or loss and disable the active EA's. This is achieved by the CloseTrades EA posting a signal trade that each active EA recognizes as a stop trading signal. Once the signal trade is deleted manually, all active EA's will resume trading.

The trading concept is to trade a range of currency pairs and/or a range of timeframes and close all trades within the nominated basket group automatically when the required basket Take Profit or Stop Loss is achieved.

​The indicator included (which displays Equity as a running total) and the CloseTrades EA can be attached to any independent chart and will monitor the whole basket of trades.

Complete 2015 1 min (GMT based) backtesting data is included below. (use Script - PeriodConverter to convert to other timeframes)

More complete 1 min (GMT Based) data is available from http://www.forextester.com/data/datasources
(skip the first line and column when importing into MT4)

​Example Input Screen
All parameters are completely customizable and full source code is included. For a complete set of optimized set files, see Post #51.

​Over the next week I will post a range of optimized set files for the major currency pairs for each EA.

I intend to keep the optimizations very current and available at Post #1.

​The first 3 CCI optimized sets

thanks for your share, Dave

Great work ,Dave .... can we use it all EA together ?

Yes you can use a combination of the different EA's and the CloseTrades EA will close all EA's within the range of nominated MagicNumbers.

The CloseTrades EA will close all active EA's (you nominate the Magic Number range) when the required basket StopLoss or TakeProfit result is achieved.
It will send a dummy limit order which any of the enclosed EA's recognize as a discontinue trading signal.

Once the dummy order is deleted, any chart with an active enclosed EA will recommence trading.
Remember to revise your Starting Equity, Profit and Loss Targets in the CloseTrades inputs before manually deleting the dummy order.

hi Dave,

thanks for sharing...subscribed

If you please make a pdf of all rules and installation process ...its awesome

Thanks! Subscribed

Thanks Dave for your hard work! Can you provide a little manual?

​Yes I will. Please wait until tomorrow.

Many thanks

Thank you Dave for sharing your treasure!

​Help Guide is now available at Post #1 above.

​A suggestion for Magic Numbering on each chart.

The RSI EA defaults to 4561000, EMA 4562000, MACD 4563000, CCI 4564000 and BBands 4565000

Replace the 000 with 60 (for 60 mins) + a currency pair code
(Use 14 for daily and 24 for 4 hourly)

As an example
CCI on a 60 min chart with GBPUSD becomes 4564603 (3rd of the majors alphabetically)
RSI on a 30 min chart for AUDUSD becomes 4561301 (1st of the majors alphabetically)
EMA on a 1440 min chart for USDJPY becomes 4562147 (7th of the majors alphabetically)

The first 3 EMA optimized sets

​Some guidance on setting up the equity chart using xl8er.mq4.

This file must be placed into the indicators directory. The easiest way to find the directory is through File, Open Data Folder and navigate to MQ4/Indicators.

Place the indicator on any spare chart which does not have any other EA attached.

After dragging the indicator to the chart, navigate to the common Tab on inputs and tick the Fixed minimum and Fixed maximum boxes and set the range for the chart. I would suggest about 5% each side of current equity. So in the example below for $10,000 equity, I have set the range from $9500 to $10,500. Also It is a good idea to set the line width to 2 on the colors tab and the colors of your choice. If you are using a 1 min chart, the balance will update every 1min. but the higher the timeframe the more of the day is shown but the greater gap between updates. The indicator has been on the chart for about 2 hrs 20 mins.

On the example using a 5 min chart the equity balance is steady at $10,000 because there are no open trades. The blue line (equity) is visible but the red line (balance) is hidden. The CloseTrades EA is loaded. Note that I have expanded the indicator window to take up most of the chart.

I will update this illustration later after some trades have taken place and the equity and account balance have changed.

This same chart can also contain the CloseTrades EA. Make sure you set your correct inputs as you place the EA on the chart.

The first 3 Bollinger Bands optimized sets