EA required using Livelli indicator made 600 pips

This is an update for the first page
Well a programmer was found who developed the 1st EA the cost of $50 was originally funded by me
The EA just bought at the blue livelli lines and sold at the red livelli lines
The Ea had a facility to take profits stop losses and trailing stops on each trade
We also had an ADX filter that could be set to only trade in trending markets
I had success with this EA in trending markets There is a diagram below that shows trades that were taken
I originally didn't bother with trailing stops stop losses ect I just used the negative hedging to keep me in the trades
and would manually exit


The latest Ea version uses 3 ema ,s to find the trend the 200 ema the 20 ema and the 5 ema these ema,s can be modified
numerically as well as sma or wma can be selected
The idea is quite simple really
For a up trend the 5 ema as to be above the 20 ema and the 20 as to be above the 200
For a down trend the 5 ema as got to be below the 20 ema and the 20 ema as got to below the 200 ema
If we are in an uptrend a buy stop will be placed at each livelli level
At the moment I have setup the Ea to have a profit set to zero a 30 pip stop loss and a 30 pip trailing stop there is
an overall profit which can be set to a your liking
The Ea is quite clever . If a buy stop is placed and the not taken that buy stop will be cancelled if the 5ema crosses down through the 20 ema
If the buy stop is activated then the trailing stop will be activated and will be stopped out in two ways
The cross of the 5 ema and the 20 ema or the trailing stop
Both Eas will make money in trending markets because of the stacking principal although the latest version will make more as we don't have to deal with negative hedging
I will place another diagram of the 2 ea in action

Thinking of putting in a trailing stop of 20 to 30 pips on each trade
With an overall stop loss of 100 pips
Seems to be no interest in the thread at the moment
I will be off line until Thursday morning
If no suitable programmers come forward by Thursday will farm the project out to
Freelancer dot com

I think Abokwaik can help you

Based on Fractals and Zigzag I have a hard time believing it does not repaint.

Good strategy Raylin
Be patient about a programmer as your Livelli indicator looks unbelievable with ZigZag in it.
Plus no programmer can do anything with the ex4 you provided. Post the mql4 file.

I said in my previous post it repaints but once it has completed the 5 candles it does not repaint .

Thanks for the info I am not a programmer so I did not know you required the MQL4 file for programming the EA

Looks interesting as a trend following & scaling approach.

raylin-
Most times it would be a factor but may not be in this case.

BTW the mq4 file is not always required. I don't think it is but it is freely available online elsewhere.

Here is very similar indicator and it is mq4

Thanks guys for your assistance opabert, olvus and cyber1
I am really excited about this EA
I have a programmer working on the EA at the moment and hopefully when the system is available
I can put it through a strategy tester and optimize the trailing stop and the overall stop loss for each days trading
I am not sure what my programmer will charge me but I will be willing to share the EA with interested parties
(at a price)to cover my costs

Thanks for the indicator gmiklos
Did a quick scan on the pound /usd and from midnight last night we had 6 sell trades and 7 buy trades .with a trailing stop of 30 pips
the sells lost approx 25 pips and the buys netted 105 pips for a 80 pip gain on the day
The euro /Yen was not that great with 25 pips profit
The pound /Yen was also profitable with approximately 65 pips

338 pips this morning on the pound /yen from midnight
Can't wait for the EA to be ready

Hi, raylin!

There will be many hedge position, if trade so, how to solv?

Yes there were many many hedges in the pound/usd yesterday
I hope the EA that is being developed will take care of that I will be using 30 pip trailing stops on all open positions.
I am hoping the programmer can incorporate a overall stop loss of 100 in case the hedges take over and a 400 pip
take profit
Today was ideal on the pound /yen it made 270 pips with all my positions stopped out

I have just been monitoring the Livelli on the 1 minute time frame and found that it does not repaint
The livelli acts like a fractal it requires 5 bars to qualify
Two bars lower before the high bar and 2 bars lower after the high bar
I checked out on the 1 minute chart and each time it only plotted the livelli line (3 dots ) after the 6th bar had started

Hi Ighr
Thanks Ighr
Just to confirm are all your parameters in 0.1 pips ie trailing stop 300 =30 pips
Will start testing on Monday on a micro lot Might even try it today on the 1 minute time frame just for fun
Thanks again IGHR

Please test it. this a testing ea. you should drag indicator of livelli to chart, and then loading the ea.

Hi, raylin.
Yes, 300 =30 pips.