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Price Action Trader EA

  • #21
  • Jun 15, 2016 10:17am Jun 15, 2016 10:17am
Quoting fxguru2010
{quote} Hello Sccobi Been trading it on German Dax, just doing Mini contracts .20, and so far so good. I am not an expert with technical stuff, but i notice that it does not have any stops or take profit targets, how can i add this? also in majority of trades although there was TP, but it exited at a profit. but the profit was snatched. i want the profits to run - how can i do this? > I believe this is a PRICE ACTION, can you be a bit specific as to what it is doing? a step by step > My observation are that it seems to be following the Heiken Ashi...

It protects with open orders through hedge and it works on dax/sp500 too. TP is total profit of all open orders on the pair set to clear, set higher TP according to your lot size.

if lot size 0.01 dollars shd be 5 if 0.20 lot configured set dollars to be 100$ in that case min..
Scoobi doobi doo
  • #22
  • Jun 15, 2016 10:55am Jun 15, 2016 10:55am
Hi All,

I have fixed the following issues.

1. Ordertotal <1

If you any order in your account and it will not place the orders.

2. Order limit.

You can run this script while news time only.

It will be useful for today's FOMC

Enjoy!!!!
Attached File(s)
File Type: mq4 PAT_V1.mq4   8 KB | 1,612 downloads
  • #23
  • Jun 15, 2016 10:58am Jun 15, 2016 10:58am
Also fixed initial three orders issue.
  • #24
  • Jun 15, 2016 11:03am Jun 15, 2016 11:03am
Quoting fxbm
Also fixed initial three orders issue.
Hi there
Thank you for your afford
can you add trailing stop to it?
thanks
Alex
Stay GREEN my friends........
  • #25
  • Jun 15, 2016 11:20am Jun 15, 2016 11:20am
Quoting alexforex541
{quote} Hi there Thank you for your afford can you add trailing stop to it? thanks Alex

Hi Alex,

May I know why do you need trailstop ?, is it for all positions or only profitable positions..

There are plenty of external trailstop ea available here , please pick the one of your choice which suits your style. hope it helps.

best regards

scoobi
Scoobi doobi doo
  • #26
  • Jun 15, 2016 11:30am Jun 15, 2016 11:30am
Quoting Scoobidoobi
{quote} Hi Alex, May I know why do you need trailstop ?, is it for all positions or only profitable positions..
Hi Scooby
of course just for the profitable positions
what I`m thinking is
when a lock happening in a vinning trade after the trailling stop continue to take as much profit out from the trade
I think with that we can have less draw down and more profit
thank you
Alex
Stay GREEN my friends........
  • #27
  • Jun 15, 2016 11:32am Jun 15, 2016 11:32am
Quoting alexforex541
{quote} Hi Scooby of course just for the profitable positions what I`m thinking is when a lock happening in a vinning trade after the trailling stop continue to take as much profit out from the trade I think with that we can have less draw down and more profit thank you Alex

Can I see your open trades in dax , wanted to check how it looks dax would get pretty volatile going into FOMC today..
Scoobi doobi doo
  • #28
  • Edited 11:49am Jun 15, 2016 11:38am | Edited 11:49am
Quoting Scoobidoobi
{quote} Can I see your open trades in dax , wanted to check how it looks dax would get pretty volatile going into FOMC today..
I close them down cause the draw down was 15 %
here is my current open trades
Attached Image(s) (click to enlarge)
Click to Enlarge Name: New_Trades.png Size: 70 KB
Click to Enlarge Name: New_Trades1.png Size: 83 KB
Click to Enlarge Name: New_Trades2.png Size: 85 KB
Stay GREEN my friends........
  • #29
  • Jun 15, 2016 12:01pm Jun 15, 2016 12:01pm
A backtestable version could help to enlighten the potential "dark side" of this strategy.
  • #30
  • Jun 15, 2016 12:12pm Jun 15, 2016 12:12pm
Alex,

You have to run in the major new only. Also try with modified version which upload. Do not trade always using this EA.
  • #31
  • Jun 15, 2016 12:49pm Jun 15, 2016 12:49pm
Not sure what this is doing but so far my experience is such that there is always twice as much drawdown than profit, example if the EA closed $50 in profit then presently there is a floating P & L of minus $100. Is anyone experiencing the same issue??? I am using the scalping settings recommended by Scoobidoobi.
  • #32
  • Jun 15, 2016 2:17pm Jun 15, 2016 2:17pm
with me i wouldnt say twice as much profit as DD, for my demo its pretty much the same profit as dd , always just about at breakeven in terms of equity



Quoting Renkosignals
Not sure what this is doing but so far my experience is such that there is always twice as much drawdown than profit, example if the EA closed $50 in profit then presently there is a floating P & L of minus $100. Is anyone experiencing the same issue??? I am using the scalping settings recommended by Scoobidoobi.
  • #33
  • Edited 2:41pm Jun 15, 2016 2:26pm | Edited 2:41pm
Quoting Renkosignals
Not sure what this is doing but so far my experience is such that there is always twice as much drawdown than profit, example if the EA closed $50 in profit then presently there is a floating P & L of minus $100. Is anyone experiencing the same issue??? I am using the scalping settings recommended by Scoobidoobi.

Renko and blamshakk for us to have low dd and focus on one pair scalping (low spread pair eu)- I have created a seperate scalper version to test on 5k ecn low spread a/c with current default settings.

Folks I have created 5k razor ecn demo at pepperstone and attached the ea onto eurusd only default settings in my vps and enclosed the same trade explorer to thread.

276198/mcv3xel/pepperstone-demo-02
Scoobi doobi doo
  • #34
  • Jun 15, 2016 6:51pm Jun 15, 2016 6:51pm
Quoting Scoobidoobi
{quote} Really Inceptionist?, does it work on same principle? please brief on that scalper
XMT logic is very similar...it places pending orders behind the current price, it's like trailing price all the time pip by pip waiting for a tiny correction to lock-in 1 pip or a few pips in profit...It works perfectly on brokers with spread less than 1 pip and fast execution with no delays nor slippages.
Simplicity is the key to brilliance.
  • #35
  • Jun 16, 2016 1:35am Jun 16, 2016 1:35am
Quoting Scoobidoobi
Price Action Trader EA - as the name explains doesn't bother about anything (including indicators,news etc) just solely relies on price action. {file} Initial Entry : Buy Order of user configured fixed lot size Subsequent entries : Will be recursive based on price action on buy/sell direction where market heads Some of the input parameters explained : extern double FixLot = 0.01; // lot size of your choice extern int GVari_96 = 111; // magic number extern int GVari_92 = 200;//distance between orders 20pips extern double secure=450; // set sl secure...


HI
EA is working but after sometime account blow so need to add one thing:
1) Modeprice we set as 30 or 300 while in scalping 30 then it will close in 3 pip but some position will open due to 3 pip fix Modeprice so rectify that price will go with positive trade so 3 pip also move

Exm: Entry Sell @ 1.41560 and going down to 1.41300... so Modeprice also move to target or vice versa..
for add this function position will never open more and will take more position

I try this EA on 5k and open 2500 position buy and sell while more than 500 trade in profit more than 5$ and more but Modeprice i set at 30 so when price come to that price then position will close otherwise will open.
  • #36
  • Jun 16, 2016 8:09am Jun 16, 2016 8:09am
Hey guys, this SA will never close open command? no SL or close all in profit / loss ?
Attached Image (click to enlarge)
Click to Enlarge Name: closs.png Size: 754 KB
  • #37
  • Jun 16, 2016 12:24pm Jun 16, 2016 12:24pm
Guys on EUR USD Trade explorer attached above it has survived all crazy moves today trading over 950 orders (*2 = 18.8 lots) making 1.9% profit for the day - I feel more than scalping profit it has good trading volume which the brokers and IB's will be happy about....

We need to make it more of profit making scalper rather than trading volume generator keeping the equity thereabouts . Any improvements to the settings I used on 5k ecn account (eu spread <1) fixed lot size 0.02 / pip distance 20 /distance to secure 45/secure by 30 for scalping EUR any better setting would have made lesser orders and greater profits?

please let me know.

Attached Image



Cheers,
Scoobi
Scoobi doobi doo
  • #38
  • Jun 16, 2016 9:47pm Jun 16, 2016 9:47pm
Quoting Scoobidoobi
Guys on EUR USD Trade explorer attached above it has survived all crazy moves today trading over 950 orders (*2 = 18.8 lots) making 1.9% profit for the day - I feel more than scalping profit it has good trading volume which the brokers and IB's will be happy about.... We need to make it more of profit making scalper rather than trading volume generator keeping the equity thereabouts . Any improvements to the settings I used on 5k ecn account (eu spread <1) fixed lot size 0.02 / pip distance 20 /distance to secure 45/secure by 30 for scalping EUR...

Hi
By scalping system account blow bcoz position not close and make lots of trade open 7 account blow yesterday. If you add trailing stop increment option then may be check..
Thankx
  • #39
  • Jun 19, 2016 9:42pm Jun 19, 2016 9:42pm
Hi，guys. The new version.
Attached File(s)
File Type: mq4 PAT_V2.mq4   8 KB | 2,401 downloads
  • #40
  • Jun 20, 2016 12:00am Jun 20, 2016 12:00am
Order limit is 2, may I known what does it means ?

What is the different between secure and Modprice ?

Thank you
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