I have seen some loss recovery EA's that use trading zones and multiple lots to recover losses. I have my own ideas I would like to try out so I have decided to build my own EA. This in itself will be quite a task!
I was hoping someone would be kind enough to explain to me, or better yet, point to a snippet of code that will enable me to calculate the breakeven point of multiple buys and sells on a single currency pair. Â
If I'm short 1 lot and price goes against me x amount of pips, I hedge my trade with a buy order at 2 lots. These two trades combined will have a breakeven point. How can I calculate that?
I would be most grateful for any help!
Thank you.Â
I have seen some loss recovery EA's that use trading zones and multiple lots to recover losses. I have my own ideas I would like to try out so I have decided to build my own EA. This in itself will be quite a task! I was hoping someone would be kind enough to explain to me, or better yet, point to a snippet of code that will enable me to calculate the breakeven point of multiple buys and sells on a single currency pair. If I'm short 1 lot and price goes against me x amount of pips, I hedge...
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Below code calculates your profit in pips. When it is greater than zero you can say you are in profit or breakeven.
Parameter which it take is the type of trade which you want to deal with.
Hi POKSAK, Sorry I was unable to reply to your msg as I am limited to send one message in every 24 hour. My membership sucks.
AS you need suggestion to test the EA on demo account, this is my view on it.
If your start balance is 10k, you can go with testing 10 different pairs at a time where each pair will get approx 1K. Risking 5% is greedy but will do for now as we are more interested in the result. Still try to put different risk percent with different pairs so that you can understand what type of trades are available with high risk and low risk. Try minimum risk of 1% to max of 7% with different pairs. Rest settings don't need any changes.
from april 2016 till now, default settings, EURUSD H4 {image}
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I know its not working. I have implemented different price action pattern detection as a result opposite signals are generating at the same time and creating confusion. I am thinking what i can do. May b i will totally rewrite the EA.
Sorry dude source code is completely personal. Its not the EA I value much, its the custom made functions I implement to create EA. Now i just drag drop my functions and EA with basic functionality get ready within minutes.... so sharing them is not an option.
And more over the logic which is generating signals to take trade is not efficient. if you want i can share the only function which is generating signals for trade, you can modify it and see if you can generate better trade signals.
{quote} Below code calculates your profit in pips. When it is greater than zero you can say you are in profit or breakeven. Parameter which it take is the type of trade which you want to deal with. double Profit(int d)//1-only buy 2-only sell 3- all trade { double tp=0, open=0, lot=0; total = OrdersTotal(); double num=0, _Lot_Size_O = MarketInfo(Symbol_Name,MODE_MINLOT); for( i=total-1;i>=0;i--) { if(!OrderSelect(i, SELECT_BY_POS)) continue; if(OrderMagicNumber() != Magic || OrderSymbol() != Symbol()) continue; open = OrderOpenPrice(); lot = OrderLots();...
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Hi D.s,
Could you please provide a Loss Recovery EA based on the comments of Baronial as mentioned below :
"I have seen some loss recovery EA's that use trading zones and multiple lots to recover losses. I have my own ideas I would like to try out so I have decided to build my own EA. This in itself will be quite a task!
I was hoping someone would be kind enough to explain to me, or better yet, point to a snippet of code that will enable me to calculate the breakeven point of multiple buys and sells on a single currency pair. Â
If I'm short 1 lot and price goes against me x amount of pips, I hedge my trade with a buy order at 2 lots. These two trades combined will have a breakeven point. How can I calculate that?"
PRICE ACTION EXPERT ADVISOR I have started creating an EA which uses no indicators, will work completely analyzing current price action and understanding market sentiments. Though it sound impossible, i want to give it a try. If i succeed in creating it then it may become the most powerful EA to exist with retail traders. Its not easy, I had to master price action myself and convert my style in terms of language. I accepted the challenge as at the end it will increase my trading style exponentially. Reading price bar by bar and then interpreting...
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nice intive i always thought abourt Ea based on price actions/fibonacci/patterns/specially my favorite orderblock /orderflow smart money but no luck ...at least you tried good luck
To all the folks who have mailed me for the last 3 years for this EA, I am finally happy to say that I have successfully completed this EA. You can download and test it. I am already using this in live account. You can directly do it so. Just read the first post, I have edited it with new information with few rules.
My back test results are very good. As this EA with default settings will take maximum of one trade per day. You can put it inside VPS and go on a vacation. The EA will have to work very hard to blow your account even if your account size is as small as $50.
There is NO hedging, Martingale etc.
Just a quick tip, do not manually close the trade with greed. You will fuck up the smart money management and literally fuck your account.
On second thought, you can manually close your trade, the account may survive, it still has some protection method. But don't do it frequently.
QUICK NOTE: The EA saves saves its working data(pair wise). And reset doesn't work while back testing. So to reset the data. Open it in a demo account on the same pair and click the reset button which will appear on the screen. So that you can back test again on the same pair.
If you look at the default settings, you will find 50 pip stoploss and 100 pip target. (Internally it will add spread to it extra).
But if you find that more stops are getting hit, then you can change the stop loss pip to 100 and target pip to 200. Just make sure to keep risk to reward of 2 or more than 2.
