EA required using Livelli indicator made 600 pips | Page 2 | Forex Factory

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EA required using Livelli indicator made 600 pips

  • #21
  • May 13, 2016 4:48am May 13, 2016 4:48am
Ok got it working on the 1 minute time frame 0.01 pound/Yen 2 sell stops in place at the moment will monitor throughout the day but it is
looking good
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpysb-m1-monecor-london-ltd[1].png Size: 33 KB
  • #22
  • May 13, 2016 6:23am May 13, 2016 6:23am
Hi raylin , thank you to share.

Can you tell me what is the value for the MA's on the original post... Do you use for to limits some trades ( define an up or down movement)??


have a nice day

Liberty55
  • #23
  • May 13, 2016 6:30am May 13, 2016 6:30am
The moving averages have nothing to do with the system only the livelli indicator
The EA should put buy stops on the blue line and sell stops on the red line .
Testing the EA on the 1 minute at the moment but seems to be only putting in sell orders
  • #24
  • May 13, 2016 6:48am May 13, 2016 6:48am
That's right, I put it on 15m chart but it put only sell pending orders
  • #25
  • May 13, 2016 6:54am May 13, 2016 6:54am
Don't know much about your indicator, but in the past I was told that I could not write an EA using zigzag. If this is part of your formula, good luck.

From https://forum.mql4.com/50123

You will never -ever- get turning points with ZigZag indicator, since the past buffer values are overriden all the time as further highs/lows take place. If you want to play a bit with it though, take a look at my ZigZag non-repainting indicator here: https://www.mql5.com/en/code/10647, which shows how ZigZag really works if you took all signals. To make them a little less verbose, only fractals points are showed.
It also simplifies the buffer work for you (Just read buffer 0 and 1 with iCustom)
You cannot be extraordinary by being normal
  • #26
  • May 13, 2016 6:57am May 13, 2016 6:57am
ok just put it on the 1 minute time frame again it placed a sell stop trade and 2 minutes later placed a buy stop trade
  • #27
  • May 13, 2016 7:04am May 13, 2016 7:04am
update.
only dots count is >=5, ea will open pend order.
Attached File(s)
File Type: ex4 Trade by livelli_sr_now.ex4   17 KB | 573 downloads
  • #28
  • May 13, 2016 7:16am May 13, 2016 7:16am
Quoting lghr
update. {file}
++++++++++++++++++++++++++++++++

Thanks lghr. Will give the new one a go.

Question on settings, Is it necessary to add TP and SL, or simply allow the "overall loss/Win" settings to control this?

Also, buy stops were hit on my platform (1st EA), however, they were taken in early due to the entry being exact, but on buys, price includes the spread, so trades are taken early. Probably needs a buffer setting.
  • #29
  • May 13, 2016 7:23am May 13, 2016 7:23am
Lets try the EA as it is
My only requirements is to take a trade on the livelli line.
Thanks for your input so far IGHR
  • #30
  • May 13, 2016 7:37am May 13, 2016 7:37am
Quoting diamonddbw
{quote} ++++++++++++++++++++++++++++++++ Thanks lghr. Will give the new one a go. Question on settings, Is it necessary to add TP and SL, or simply allow the "overall loss/Win" settings to control this? Also, buy stops were hit on my platform (1st EA), however, they were taken in early due to the entry being exact, but on buys, price includes the spread, so trades are taken early. Probably needs a buffer setting.
1. I suggest: TP=0,SL=0 . because there are toatl trailling, total stoploss and total take profits. 2. Because the price is far away from too, so don't have to set a buffer.
  • #31
  • May 13, 2016 7:47am May 13, 2016 7:47am
600 pips or 60 pips?
  • #32
  • May 13, 2016 8:22am May 13, 2016 8:22am
Quoting lghr
{quote} 2. Because the price is far away from too, so don't have to set a buffer.
++++++++++++++++++++++++++++++++

Don't understand what you mean about not needing buffer. On demo, trade opened 2 pips before Livellli Line, and also took multiple entries as price went back and forth over the line.
  • #33
  • May 13, 2016 11:39am May 13, 2016 11:39am
Does the AE work only on demo
  • #34
  • May 13, 2016 8:36pm May 13, 2016 8:36pm
Quoting raylin
ok just put it on the 1 minute time frame again it placed a sell stop trade and 2 minutes later placed a buy stop trade
Good strategy Raylin
  • #35
  • May 13, 2016 8:38pm May 13, 2016 8:38pm
Quoting lghr
update. only dots count is >=5, ea will open pend order. {file}
Hi Ighr, very good this EA, Work In Real Account ?
  • #36
  • May 14, 2016 1:25am May 14, 2016 1:25am
I'm still unsure when to actually enter a trade with this. I know you say place your sell stop loss on the blue line, does that mean you enter a sell trade as soon as a red dot forms?
So many in the Commercial section want to make me rich! :o
  • #37
  • May 14, 2016 1:45am May 14, 2016 1:45am
Quoting FX-Flux
I'm still unsure when to actually enter a trade with this. I know you say place your sell stop loss on the blue line, does that mean you enter a sell trade as soon as a red dot forms?
On the pound /Yen I would start looking for trades at midnight uk time
the Pound/usd I would start at the open of the european session
You may only have one line of blue dots or red dots or both could be available
You would place a buy on the blue dots and a sell on the red dots .Because you cant do that in real time you have to
set pending orders which would be buy stops and sell stops
It appears you do not know what a buy stop or sell stop is.
I suggest you google buy stop and sell stop and maybe and maybe you will have a better understanding
  • #38
  • May 14, 2016 1:55am May 14, 2016 1:55am
Quoting hapanoy
{quote} Good strategy Raylin
Hi Hapanoy
I don't know what my problem is but since the 2 nd EA by IGHR I have not been able to get the EA to work
1st message says this ea should be used on demo only
In the expert tag at the bottom it loads the EA then tries to load the buy and sell orders but displays an error continuously
Will have to check the message when we are live again
  • #39
  • May 14, 2016 3:36am May 14, 2016 3:36am
Quoting raylin
{quote} On the pound /Yen I would start looking for trades at midnight uk time the Pound/usd I would start at the open of the european session You may only have one line of blue dots or red dots or both could be available You would place a buy on the blue dots and a sell on the red dots .Because you cant do that in real time you have to set pending orders which would be buy stops and sell stops It appears you do not know what a buy stop or sell stop is. I suggest you google buy stop and sell stop and maybe and maybe you will have a better understanding...

Oh!!! I think i understand now. So we are looking back at the previous painted dots, setting those as our entry points and then looking for the closest opposite colour as the stop loss. I feel stupid now....
So many in the Commercial section want to make me rich! :o
  • #40
  • May 14, 2016 4:54am May 14, 2016 4:54am
Quoting FX-Flux
{quote} Oh!!! I think i understand now. So we are looking back at the previous painted dots, setting those as our entry points and then looking for the closest opposite colour as the stop loss. I feel stupid now....
You could use the strategy like that if you wanted .
I prefer to just have a trailing stop of 30 pips on each entry
You could have 10 buy entries on blue dots and 5 sell entries on the red dots each with there own trailing stops of 30 pips
I haven't managed to get the EA working yet so in the mean time I will be trading the 4 hour time frame next week on the pound /Yen
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