Yen Trader

Version 6.45 of Cross Trader with added options suggested by AKCodingEye

Really appreciate for doing that changes for me. I will upload new ea over weekend and you can always see progress under my profile anytime.

Assalamuallaikum Khalil, sorry maybe this post is out of topic, I want to ask you about your Big Candle EA, are you still welcome for new idea on that EA?

Alaikumossalam Hirangan,

Why not. I am always open to new ideas.
Kindly post your thoughts directly on the Big Candle thread, and I will see you there.

Thank you for coding it. You have always encouraged good ideas

It's a very interesting tool to do forward-testing. I will use micro-lots to test your EA on 14 pairs and find out which of the pairs can really hit it big with brokers offering leverage of 1:888 (Chinese lucky numbers) .

Micro-lot traders can get up to 800 pips for each $1 equity - calculated based on 888 leverage offered by a few brokers and deducting from it minimum initial margin amount and minimum distance for placing TP or SL . Some brokers open account for as less as $5 deposit.

Micro-lot account will facilitate testing position sizing methods .

I am sharing here my drawdown management system which can be used as a "set and forget" trading strategy for one planning with deep pockets (whether in cents or dollars).

So the tool will have two roles to play - trader and risk manager.

I request you to code a drawdown management tool to work on similar lines that of the attached indicator. I hope it does not take much of your time for it has been re-coded by a veteran programmer-cum-trader Igor.

If it is modified as an indicator then it can work with this EA on the same chart and can show the progress both for the trade and risk management in real-time and quite graphically.

My selection of trade and drawdown management is presently done manually:

1. (a) Risk factor: I normally put trading margin as 150% of the pip distance (between the extreme high and low of the 120-day period ) chosen by me by using immediate lookback period or the one linked to particular dates and years in the past.

(a) Selection of symbol: I will use multi-currency dashboard to find out high low points of 20 weekly bars back. Depending on the buffer margin I can afford I will chose the symbol if it shows regular range-trading pattern or seasonal pattern.

if I think say from October USD/CAD will turn bullish because of less oil demand in the winter I will check last 10 years October to December pattern and establish a seasonal pattern. If 80% of the 10 years, the pair has moved up during this period, I will go for this trade.

Selection requires study. Good indicators are there to help you out in saving time. I am a discretionary trader.

(b) Selection of distance of pips between the high and low of the period based on my capital affordability , trading strategy and risk management. How much can I afford to lose, is the main criteria for my trading. How much can I make is not on my mind. So TP is not fixed. As and when depending on the volatility, news event and directional view, I take profit.

(c) I only plan plan for handling losses because I never use stop loss. So adverse trade management is the critical component of my trading plan.

(d) For risk management, I only use constant lot , averaged at a distance of (high-low of 120 days/divided by 8) to reduce break-even. I have always trade two currency pairs - EURUSD and GBPJPY. In both cases maximum time taken for the constant lot position to reduce breakeven level has been 60 days. If I can have buffer margin to handle 60 days volatility I am doing alright.

Now I want to try using progressive lots so that the breakeven point can be reduced in faster time. With progressive lots it will be easier to break even if 50% Fibo level is considered. In such a case the breakeven or profit can be achieved by using varying lots.

2. Show me the average entry indicator ( attached) gives me a visual picture by showing on the chart Average Buy Entry, Market Entry and Sell Entry and the profit or loss in pips/percentage as a shadow. This indicator has been re-coded by veteran trader Igor.



3. If you can modify the indicator or (develop an EA) by incorporating additional inputs and Chart printing capability, it will be a good simple trade and margin management tool.

(a) Total pips to be used for trading: Example: 1000
(b) No of lots to use: example 10
(c) Constant lot or Varying (not necessarily progressive) Lot:
(d) If select constant lot, the risk factor selected will be 1.
(e) If select Varying Lot risk factor will vary and so risk factor has to be input for each lot.
If no of lots selected is 10 then show 10 risk factor inputs
(f) Stop loss: pips input by user - Stop loss limit order will be executed in trading account .
All stop limit orders generated (for constant lot or progressive lot) and for Stop Loss will be shown on the chart.
(g) Breakeven Profit : Input for Pips or % to be added to cumulative breakeven point.

Averaging Entries linked to Market Entry will be shown with a shadow on the chart just like the indicator shows.

(d) Average Buy Entry
(e) Market Entry
(f) Sell Entry

Profit Mode input in the indicator shows: 0 (No figure) 1 for pips 2 for percentage.
If the indicator can print Breakeven Profit line (which will move with the shadow) it will be excellent.

This visual tool will provide a real-time emotional and risk management tester. Micro lot account will be ideal for testing.

i wish to compliment you for helping out traders here. I hope you will find some time for me too.

Already posted, see you there

hi, can you add an option: buy only or sell only or both.
thanks very much

There is built in MT4 option for it under Expert Advisor> Properties and Choose Common Tab.

Here is my Close at News Plug in for Cross Trader EA. I haven't tested it yet as market is closed. Feel free to try it out if you would like. You must have same MagicNumber and Global Variable name in both EA in order to work it.

ok, i got it. thank you very much.

Does "Close at News" mean the same as "No trades during News"? In other words...will it close trades whether in loss/profit when news hits or will it simply not open any new trades til after news while leaving current trade open? If so, is there a timeframe included to stop/resume trading before or after news? I haven't downloaded the EA yet, just wanted to know before I do. Thanks!

BoHanna

Found error and fixed on floatingcurrentpercentage

Why Close_at_News EA Plug in? - I am running EA on VPS and nowhere nearby my laptop at trading working hours. Still i want to manage from mobile mt4 like i am in front of PC. I am trying to be clever here.

Abok added trading hours and Global Variable for me and i am using same Global variable/ Magic no in Close_at_News Plug-in.

1) All button are self-explanatory. Start/Pause/Close all - if you are in front of PC
2) Sell UK100 (any lot size) and it will close all open trades including loss/profit and including UK100 opened trade and disable trading until next day.
3) Buy UK100 (any lot size) and it will resume trading again after closing uk100 buy order.

I add alarm for red news on mobile and sell uk100 microlot before 30min and it will close all open trades and disable trading on server. After red news 30min, i buy uk100 microlot and it will resume trading. i do this from mobile manually and it can be automated using FFCAL and other news indicator and it can be integrated straight in EA. It serve my purpose at this moment but that is plan to integrate news in near future as time permit, unless someone do it before me.

Abok can use this Plug-in EA for two way communication for his any upcoming EA for giving some of control to user without disclosing code. FF Community can extend this Plug-in by adding extra feature as needed and can be used with any EA. Most of code used in this Plug-in is from Abok's other EA.

Thanks AK, I don't use mobile at this time but I see how it can be very useful. My thinking was to have no NEW trades open up to 2hrs before news and resume trades up to 30m-1hr afterwards as I am away from my PC as well and only trade a few pairs at a time. I kinda like to see how they "ride out the storm" so to speak without the hassle of new open trades and possible false signals. My losses are usually small unless I get "trapped" and we all know that sucks. Thanks again, AK!

BoHanna

Hello guys!
What started with a simple briliant ideea, based on your testings, ended up with a complicated one full of options hard to manage.
I wonder if anyone has ever made some real money with this EA's?

All the best!

@ abokwaik
Amazing works master chef! I have been viewing all your threads congratulations and thank you for contributing so much to us.
Please advise I have downloaded the Cross EA 6.45 and when I place it on a chart it disappears?

I am sure you are placing the EA on Major pairs like EURUSD that's why it dissapears. Place the EA on any cross pair like GBPJPY.

@subbusuper
Thank you bro!

Can you show a few example of what the entry should be? And stuff if you want to do it manually?

Can anyone please tell me how you guys find a solution history data to test? i am kinda newbie and i am not getting same results shown in previous posts..And i am thinking the reason is historycal data...i am using fxopen, thinkforex, alpari etc strategy tester..