Easy-rider EURUSD EA

It has a HedgeProtect and MoneyLossToHedge feature that not is activated in the backest of 2016 with HedgeProtect in true with
MoneyLossToHedge at $100.
It also has the feature to limit the level in MaxLevel_To_Open. This stops the robot from opening more trades.
In both cases you have to take over the steering wheel yourself.

In 2014 and 2015 the MoneyLossToHedge is activated at the level of $100.
This surely was caused by important fundamental new. So manually you have to avoid these situations.
Thats why i stopped my robot almost 7 days before the last fomc decision. Last thursday i activated it again.

The new version 7 also has the feature Stop_After _Ending_Cycle so if Draghi, Yellen is nearby you leave it off when it ended its cycle
or you always use this feature if the agenda not promises fundamental changes. In that case it does one cycle and you decide
when to go with the next one. If you are sure about which way it will go you can do the first trade yourself also.

Anyway i am going to see if I can find a clever way to recognize a continous downward/upward move that causes
that it reaches level 7 and higher. One can also make the steps bigger at an earlier stage (6,7).

NB Level 7 is not a fixed amount of drawdown as the robot mixes buys and sells. The only rule is that the latest buy is 30 pips or more below the one before and for sells it is 30 pips above. And this depends of the steps defined in the menu. 0.003 = 30 pips in case of eurusd

I see some people still download the first version but the rar file version7 is the one.

Hello, how can we buy your AE with lifetime license, liked the first version however would like a set for the current version that works like the first version, you have to pass me this Set for me to do a test here.
Thank you
Edson

This is the setfile for eurusd that should give the same results as in version2 and to me in 2016 it does.
Change the extension from txt to set (thanks Tillionaire ).

The robot is not for sale yet but send me a mail at the adress that appears in the robot so i add you to the list.
First i would like to see that it also runs good in the forwardtest.

this ea we can use 200$ account balannce have account?

In 2016 from 1.1.2016 till now you could have started with $200 and 0.01.
The drawdown would have been about $65 to $80 and you would have made $270 to $320 depending
on the set.

But in 2015 these $200 was not enough.

You should be used to trade the pair manually too or at least for eurusd know when
Yellen or Draghi might come with messages that could turn the trend upside down.
I did put it in off about 6 dias before Yellen came last week thursday. It now has in the menu
the option to do one cycle and then it just stops.

It also depends on the steps defined between the opening levels.

After closing the last trade a few hours ago i dit put the easyrider vers 7 in the account with the easyrider set (the one uploaded with a video).
I use 0.05 with $2000 of capital in that cents account. It is now in waiting mode till 2300 hours broker time and will probably take another short.
The picture is from FXJUNCTION search for droad where everthing is visible.

Version 8 with some visual modifications and a little more.

This little more is that when it has as a first trade a sell and the second one is a buy,
the sell is closed when it is in profit from the moment this buy exists and when not
in profit the take profit will be changed to OrderOpenPrice when the distance to actual price is 10 pips or more.
so it has the possibilty to close in break even. I use 10 pips but brokers allow less too.
Same method is apllied for first buy and then a sell.

Its will work till 29th of October.

No need for set, can be used in eurusd default



Like before all files to the Experts folder. The bmp files are the same as in version7.

A video of the first month of 2016 default settings in backtest eurusd m5 with spread 3 pips.

For the whole year till now the results are like this in the backtest.
Backtest done with $600 of equity at start and HedgeProtect in true.
In my opninion this HedgeProtect should always be in true.
And take in mind, its just a backtest, the forward test is running in FXJUNCTION,
when all is closed there i will put this version at work.

what happened?

You did not use the HedgeProtect in true and if you used 0.01 lot in should be at $100.
Remember the MaxLevel_To_Open in the menu stops the robot from opening more trades but nothing else.
The MoneyLossToHedge should be used to limit losses.

Version 9. With possibility to put the Display in false.
The option in the menu "Use_First_Trade_Selector" in false deactivates the feature that the robot closes in profit or puts a take profit in breakeven
at the first trade if the second one goes in the opposite direction.

A pic with explanation.

40 pips for those who installed version 9 yesterday.
Version 10 is same as nine only bug pips needed down fixed.

The robot decided to change and to go short. It applied the new system and did put the first buy take profit at open price.
If the buy would have been in profit it would have closed it.

Nice!, but what is the strategy based on?

Based on my idea that at the end of the New York Stock Exchange session (23 hours broker) and during the Asian session till 6 hours broker time,
the pair shows the real trend while during daytime it just moves up and down often in fake moves so clever players gain their pips.
What it does next is already posted in the opening post and explaining some modifications i posted later on.
If an important decision is coming like interest rate decisions by Yellen or Draghi the trend might change
in that case it is wise to have no positions. Days before you than put the Stop_After_Ending_Cycle in true.
Although it has 15 levels after level 7 the information in the Display "Level 8 of 15" will appear in red.
Always use the HedgeProtect in true at $100 or a little more for each inicial lotsize 0.01.

The robot closed its trades and will be OFF till monday.
I try to avoid NFP moves for robots.

Working on version 11 and testing.
It closes the first two trades when one is sell and the other a buy at a in the menu defined profit level
but only when Use_First_Trades_Selector is in True. This predefined level is called Money_Target_Selector
and should be lower than Level_2 otherwise it makes no sense.
Till now it did not work anymore in brokers with cents accounts like XM.
Now it should work but you have to change the values yourself.
In XM with 0.1 lote eurusdmicro Level_1 should be 0.4 in stead of 4.0.
The Money_Target_Selector should then be in XM eurusdmicro 0.2.
Changed one pic the easyrider3.bmp only to be seen if you click on the picture
where easy rider is written.

Just for fun. Different bmp files.

The NFP new is taken by the market so i just put the EASY_RIDER vers 11 at work.
So it will take maybe a trade after New York Close in 20 minutes.
Can be followed in FXJUNCTION search for droad.

I am looking at this indicator in daily graph to see when i put the Easyrider version11 in the main menu of the metaplatform in
only long or only short if the indicator says so. At the moment it says ranging so both long as short are allowed although
personally i would go for only short but it would not be the first time that the market teaches me that i am wrong.
Trying to implement this indicator but needs more study. The moment it changes from ranging to only buy or only sell
is the difficult part.