Abokwaik replies to PMs

Volume 0 or 1 ?Maybe you mean to highlight candles with volume less than a predefined value.

Yes to highlight candlestick with volume 1 and 0 or less than 2 . I find them on renko bars, they occur mostly around gaps.

I hope you see what i mean.

thank you very much i was searching for such an expert

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Mr. Khalil,

Thanx alot for your reply, sir. I'm sure it's doable as the method is based on Moving Average, CCI and also MACD.
These are the following setting:-

3 Moving Average:-
1) Period: 34, MA method: Exponential, Apply to: High
2) Period: 34, MA method: Exponential, Apply to: Close
3) Period: 34, MA method: Exponential, Apply to: Low

CCI:-
*Period: 20
*Apply to: Typical Price (HLC/3)

MACD:-
*Fast EMA: 4
*Slow EMA: 10
*MACD SMA: 9
*Apply to: Close

Buy Condition:-
*CCI cross above 0
*MACD 1st bar above 0
*Candlesticks cross above MA (Period: 34, MA method: Exponential, Apply to: High)
*TF: M15, M30, H1 (all these 3 TF must meet the above Buy condition)

Sell Condition:-
*CCI cross below 0
*MACD 1st bar below 0
*Candlesticks cross below MA (Period: 34, MA method: Exponential, Apply to: Low)
*TF: M15, M30, H1 (all these 3 TF must meet the above Sell condition)

I really appreciate if you could add up extra features such as Trailing Stop, Magic Number, Fixed Lot Size, SLPIPs, TPPIPs and also Alert Type.

Hopefully I'm not asking much favour from you as I seriously have no idea to whom else should I ask for help to create this EA.

Thank you in advance and really hope to hear from you. Wishing you continuous green pips.
==========================

Dear,

This is an EA for this system.
Please note that applying the exact rules DID NOT generate any trade.
So I loosen the rules a bit, by removing the CROSS condition.

Test and report back.

Best Regards,

Khalil

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To: abokwaik | From: ******* | Sent: Nov 28, 2016 21:56
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Hi Abok

Just to let you know i am still testing Cross trader. Its doing well with less drawdown.
All entries by EA and exit manually like close before big news/before friday closing/moving stop after big pips, etc.

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To: ******* | From: abokwaik | Sent: Nov 29, 2016 6:00am
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Thank You

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To: abokwaik | From: ******* | Sent: Feb 6, 2017 10:27
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Hi Abok

Normally when i test any EA then i do three months forward testing with some tweaks as i go along.
Recently i was testing your cross trader and it failed big lately so i have stopped testing it.

I came to conclusion, after testing more than 10 EAs and spending hell of time, NO EAs are set and forget that i found of.
EAs are there to help you with trading. I guess you only learn that fact from experience.

Hope that you are well. - *******

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To: ******* | From: abokwaik | Sent: Feb 6, 2017 11:19
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Hi *******,

I can not argue with that .
Markets are so complicated to fit within a fixed-rules EA.
However, we keep trying to build that holy grail EA that is consistently profitable long term with manageable draw downs.
Once we are able to do that (if ever), online forums will miss us big time .


All the best,
Khalil

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To: abokwaik | From: ****** | Sent: Feb 25, 2017 23:10
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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 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.
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Hi,

Its a bit tricky. This is a quick script I coded that should do the requested.
I didn't have the chance to test it as markets are closed.
So please test and report any issues.

Best Regards,
Khalil


EDIT : Updated.

Hi Khalil last indi cant be installed.Can you look please.

Hi falanca,

It is a script not an indicator, so you should copy it under .../MQL/Scripts folder.

Best Regards,
Khalil

Math Explanation :

We are looking to find the price at which the profit would be zero if all positions (buy & sell) closed at that price, the Break Even Price.
So if we add the pip difference between the BE price and each buy price multiplies by the trade lot size and add the pip difference between the BE price and each sell price multiplies buy that trade lot size the net should be equal to zero.

(BePrice - Sell1Price)*Sell1Lots+ ... +(BePrice - SellnPrice)*SellnLots + (Buy1Price - BePrice)*Buyl1Lots+ ... +(BuynPrice - BePrice)*BuylnLots = 0

Note that this equation can be written starting by the Buy Positions first, it's the same and will lead to same result, as long as buy and sell have opposite signs.

No we simplify the equation
BePrice * Sell1Lots + ... + BePrice * SellnLots - BePrice * Buyl1Lots - .... - BePrice * BuylnLots =
Sell1Price * Sell1Lots + ... + SellnPrice * SellnLots - Buy1Price * Buyl1Lots - .... - BuynPrice * BuylnLots

The sell lots and buy lots on the left side are actullly the total sell lots - total buy lots and they are all multiplied by a commen factor (BePrice), and the right hand side is what I called the justified positions
BePrice * (TotalSellLots - TotalBuyLots)= JustifiedPositions
So
BePrice = JustifiedPositions / (TotalSellLots - TotalBuyLots) this will give us the BreakEven Price

We should handle the case where TotalSellLots - TotalBuyLots is equal to zero.
If the JustifiedPositions is > 0 this means that the Average Sell Price is Higher than the Average buy Price, and since TotalSellLots = TotalBuyLots, then the Break Even Price would lie between them, and since positions are equal we simply get the BE price by dividing the JustifiedPositions by 2.

So in case TotalSellLots - TotalBuyLots = 0, BePrice = JustifiedPositions / 2.

The 3rd case is when TotalSellLots - TotalBuyLots = 0 while JustifiedPositions <0 , this means that Average Sell Price is Below Average Buy Price, and there will never be a Break Even Price.

Very thorough explanation though I didn't check your script as I am away but I will check ASAP and then ÂÂI Will let you know if there any problem or I need any change!!
But I just wanna say thank you for your quick response and help!!
ÂÂ

Hi Khalil
I m looking for an ea based on gap up or down opening on daily/weekly chart of stocks. Broad rules are look for gaps(variable) in opening and then price should move in the same direction as gap for initial period first hour or so then price retreats and forms a double top or bottom with price action like pin bar or beob or buob, round bottom etc. At that moment ea should initiate a trade in the direction of gap. Stop loss, take profit and money management can be set manually.
I don't hv much understanding of how to code mql4, will appreciate if you could code this ea.
Thanks bro in advance

Hey Khalil,

Your AK Volatility indi is really useful in my trading. The only problem is is with Gold. With normal pairs it will alert me of a 5 pip movement, but with Gold it's the equivalent of 0.5 pips.. so whenever I'm on Gold the alarm goes off like crazy lol.

I was wondering if you could share the mq4 so I could add an On/Off toggle button, Symbol input, and Custom ID? That way I can have 2 instances running - one for normal pairs and one for Gold, and I can toggle one On accordingly. Hope to hear back from you and thank you for your great work

hi abokwaik, do you have indicator ATR GRID MAKER ?if have can you share to me ? my mt4 cant connect to mql5 community i dunno why

thanks

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Hello Khalil, Hope all good, havent seen you around here ?,.Any Idea to share boss?

 

1. Automation is only possible for complete-mechanical systems, even if you apply AI/ML.
2. You can win huge with a single system in a short time, but you will lose on the long run.
3. You need a set of diverse systems running simultaneously in order to survive.
4. If you are a scalper, broker performance and transaction cost (spread & commission) play a major role in your success.

I hope to get your attention but the pressure is too mich a couple of months back i sent in a strategy called good morning ASIA based on USDJPY daily candle but nothing so far please is it possible to help turn this indicator to EA i use it on daily basis and it works for me but i need it to be converted to EA and use the setting in the input file just as it is .The indicator has alert function so that when it rings the EA should place a trade Entry... close candle where the arrow appeared...stop loss 30pips ....take profit 30pips.Rgds