EA required using Livelli indicator made 600 pips | Page 15 | Forex Factory

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EA required using Livelli indicator made 600 pips

  • #281
  • Jun 4, 2016 2:09pm Jun 4, 2016 2:09pm
Quoting raylin
Want feed back on idea Still brain storming on how to use the livelli indicator EA My Idea at the moment is to plot a 200 , 20 ,and a 5 ema onto a 15 minute chart If the price is below the 200 ema and a cross as occurred on the 20 and 5 ema to the downside we would activate the EA but with one difference .In the common tag there is a function that would allow to trade long short or both We would activate this to trade shorts only and to stop the EA if the 20 5 have crossed in the opposite direction In the next version there will be a an overall...
Hi Ray,
As you know I agree that there should be a direction filter.
If we use the 3 ma's as you suggest, then rather than having to change things manually, we could ask the programmer to build this in. ie If 5<20<200 just take short trades, if 5>20>200 just take long trades.
  • #282
  • Jun 4, 2016 2:46pm Jun 4, 2016 2:46pm
Quoting JRob
{quote} Hi Ray, As you know I agree that there should be a direction filter. If we use the 3 ma's as you suggest, then rather than having to change things manually, we could ask the programmer to build this in. ie If 5<20<200 just take short trades, if 5>20>200 just take long trades.
Very busy this weekend played cricket today and playing tomorrow
Yes that would be ideal I will contact the programmer tomorrow
Request him to program the Ea to take trades under the 200 ema if the 5 ema crosses down through the 20 ema and only take sell trades
Vis versa for the long trades
Also have two ways of stopping the trades A cross in the opposite direction of the 20 ema and 5 ema and have a hard stop of
x ammount of pips and take profit of Y amount of pips .Could be stop of 100 take profit of 600.
I think a hard stop and take profit would be a good idea as some times the first trade is taken it goes 30 pips in our favor then
stop loss goes to break even and then a retrace takes place stopping us out whereas the 100 pip stop loss and the crossover of the 5ema and 20ema stop loss
should give us more flexibility
Regards Ray
  • #283
  • Jun 4, 2016 3:25pm Jun 4, 2016 3:25pm
Latest request to programmer
HI Usam
The livelli Ea is functioning as normal although one user says that he sets time function to start early evening and as to restart metatrader in the morning.
Looking for some upgrades to the Livelli EA
1St to stop the Ea if the overall profit is say 400
stop the Ea if the overall loss exceeds a certain number of pips say 100
2nd Maximum open trades ie if open trades more than say 5 will stop the Ea trading further
3rd I would like the Ea to only take sell trades if under 200 ema and the 5 ema is crossing down through a 20 ema
4th I would like the EA to only take long trades if above the 200 ema and the 5 ema is crossing up through a 20 ema
5th The Ea must stop trading if it exceeds the stop loss of 100 or there is a cross in the 5ema and 20 ema in the opposite direction of the triggered initial trade
4th Modify the reverse Livelli to start if the adx is lower than a certain value ie 20
5th Also to change the magic number of the reverse Ea
  • #284
  • Jun 4, 2016 8:56pm Jun 4, 2016 8:56pm
hi, i m here are interested. Would like to share the cost
  • #285
  • Edited 10:48pm Jun 4, 2016 10:38pm | Edited 10:48pm
Quoting JRob
{quote} Neat charts Zwara. What settings do you use for your ma's please?


Hi Jrob sorry for my late reply been to busy trying to find anyone kind enough to code some indys for me ( even if paid)... but no luck so far....

setting are 1/5 min charts, 1h and 4h.

MA are
EMA 20
EMA 50
SMA 60 ( purple one)
EMA 200.


PS - anyone kind enough to point me to a good reliable coder willing to lose some time coding for me ? eheheh

ps 2 - Raylin you havent replied to my pm
  • #286
  • Jun 4, 2016 11:45pm Jun 4, 2016 11:45pm
Hi Zwara
PM me again on the subject Must have lost it. I will also give you the name of the programmer and site I use
  • #287
  • Jun 5, 2016 4:02am Jun 5, 2016 4:02am
Quoting zwara
{quote} Hi Jrob sorry for my late reply been to busy trying to find anyone kind enough to code some indys for me ( even if paid)... but no luck so far.... setting are 1/5 min charts, 1h and 4h. MA are EMA 20 EMA 50 SMA 60 ( purple one) EMA 200. PS - anyone kind enough to point me to a good reliable coder willing to lose some time coding for me ? eheheh ps 2 - Raylin you havent replied to my pm
Thanks Zwara.
That's the sort of direction filter that would help with this livelli idea. As you can see from recent posts, Ray is working on it with the programmer.
I have replied to your pm.
  • #288
  • Jun 5, 2016 4:11am Jun 5, 2016 4:11am
Ok this scenario happened on the 4 hour chart and is in line with what the next livellii upgrade should trade like

1508 pips win risk 156 pips
Ok we are risking more and we are hoping the small losses will be overcome by the big gains
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-h4-monecor-london-ltd-4[1].png Size: 40 KB
  • #289
  • Jun 5, 2016 4:23am Jun 5, 2016 4:23am
Quoting raylin
Ok this scenario happened on the 4 hour chart and is in line with what the next livellii upgrade should trade like 1508 pips win risk 156 pips Ok we are risking more and we are hoping the small losses will be overcome by the big gains {image}
Morning Ray,
That's encouraging.
What is the 156 initial risk based on please? (Probably so obvious I can't see it!). I thought the overall risk was going to be 100.
Are you getting the programmer to close all trades if 5ema crosses 20? (As well as having an overall TP of 600)
By the way, great weather for cricket. Enjoy your game.
  • #290
  • Jun 5, 2016 4:34am Jun 5, 2016 4:34am
Because we are running the Ea on a 4 hour chart in this case the risk as got to be greater
If you look at the first livelli line entry point there was a retracement to the 2 blue livelli lines above
until the trend continued in our favour
In actual fact if we had traded the old livelli way we would have triggered a buy which would have impacted on our
profit
At least this way our profits are determined by the 5 20 crossover in the opposite direction and not a fixed amount
Ie we don't need to set a target profit
We could just manually trail our profits by a number of pips or use the blue livelli lines (in this case) to trail the stop
  • #291
  • Jun 5, 2016 4:49am Jun 5, 2016 4:49am
Quoting raylin
Because we are running the Ea on a 4 hour chart in this case the risk as got to be greater If you look at the first livelli line entry point there was a retracement to the 2 blue livelli lines above until the trend continued in our favour In actual fact if we had traded the old livelli way we would have triggered a buy which would have impacted on our profit At least this way our profits are determined by the 5 20 crossover in the opposite direction and not a fixed amount Ie we don't need to set a target profit We could just manually trail our profits...
Hi Ray,
Yes I can see that, thanks.
Just wondered how this would be programmed in to the EA. Would we just have to pick a larger overall SL figure?
Anyway, we'll find out soon enough how the latest version of the ea works.
  • #292
  • Jun 5, 2016 4:58am Jun 5, 2016 4:58am
Hi JRob
I am hoping the programmer will make the settings variable as in the 1st ea that was produced on the site
I just read your comment about the moving averages being below the 5 20 and 200 for the sell and vic versa for the buy
You are right I should have requested it that way .Any way let see how he goes with this version.
  • #293
  • Jun 5, 2016 6:58am Jun 5, 2016 6:58am
Video showing how this idea works:

Inserted Video
So many in the Commercial section want to make me rich! :o
  • #294
  • Jun 5, 2016 7:21am Jun 5, 2016 7:21am
Hi guys, i hve some questions. when a higher red livelli appears or lower green levelli appears does the EA delete the untouched pending other on the previous levilli? Is their a way to make the lots of the pending other on the new levilli higher than that at the previous pending order? I would have contribution to the EA development if not for problems with my PayPal Bank.
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
  • #295
  • Edited 12:07pm Jun 5, 2016 7:27am | Edited 12:07pm
Quoting FX-Flux
Video showing how this idea works: https://www.youtube.com/watch?v=u7_2...ature=youtu.be
Hi, Look it working very good. I still think it needs a hard stop loss. Good for reliable trend direction but not good when the market sideways. Anyway I will be testing for several months and will post the results here. Hope it works well.
Money management is way to successful !
  • #296
  • Jun 5, 2016 8:18am Jun 5, 2016 8:18am
Quoting princefred
Hi guys, i hve some questions. when a higher red livelli appears or lower green levelli appears does the EA delete the untouched pending other on the previous levilli? Is their a way to make the lots of the pending other on the new levilli higher than that at the previous pending order? I would have contribution to the EA development if not for problems with my PayPal Bank.
You mean only have 1 order open at a time and delete the rest?
So many in the Commercial section want to make me rich! :o
  • #297
  • Jun 5, 2016 8:20am Jun 5, 2016 8:20am
Quoting FX-Flux
Video showing how this idea works: https://www.youtube.com/watch?v=u7_2...ature=youtu.be
Where can be found this ea?
Thanks!
  • #298
  • Jun 5, 2016 8:36am Jun 5, 2016 8:36am
Quoting FX-Flux
Oops, forgot to turn on the feature to delete pending orders when trend changes and added money management... Good strategy though!!! {image} {image}
40% drawdown of account is crazy
  • #299
  • Jun 5, 2016 11:25am Jun 5, 2016 11:25am
hey raylin you said this ea automatically takes the trades for you? or do you manually enter the trade?
  • #300
  • Edited 12:38pm Jun 5, 2016 12:22pm | Edited 12:38pm
Quoting FX-Flux
{quote} You mean only have 1 order open at a time and delete the rest?
Not exactly. I mean raising the pending order to the highest red livelli for short . For longs - when a lower green livelli is formed, deleting the pending on the previous green levilli and setting it on the lower formed levilli with double lots size. E.g on the chart posted above, after a red levilli appeared which is higher than the previous levilli let the the trade with 401 pips be deleted and set on the levilli that made 465 along with the trade that actually made 465 I.e double lots .
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
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