Please Help Create an EA for My Strategy
- Thread starter Kennymoore
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Explaining your system would help us understand whether creating an EA is something we could help you with.
Thanks admin, the system makes use of high and low
At a particular pips from the lowest point it should open a buy, take profit at a number of pips,stop loss at the low then trailing stop. For example.
The low of GBPUSD is @ 1.2900 and the current price is @ 1.2940 it should buy take profit @ 1.3000 and it should trail the stop Incase the trade fails to hit the take profit
For the sell trade if the price drops from the the recent high by 40 pips it should open a sell ,take profit and stop loss
Note: it can only have a position per time and it should increase the lot size after every failed trade. But once the take profit is achieved it should go back to default lot size
At a particular pips from the lowest point it should open a buy, take profit at a number of pips,stop loss at the low then trailing stop. For example.
The low of GBPUSD is @ 1.2900 and the current price is @ 1.2940 it should buy take profit @ 1.3000 and it should trail the stop Incase the trade fails to hit the take profit
For the sell trade if the price drops from the the recent high by 40 pips it should open a sell ,take profit and stop loss
Note: it can only have a position per time and it should increase the lot size after every failed trade. But once the take profit is achieved it should go back to default lot size
How are these "lowest point" and "recent high" defined? Daily low/high? Or something else?
By the way, why do you think this strategy would be profitable? It looks pretty random to me.
By the way, why do you think this strategy would be profitable? It looks pretty random to me.
Yea daily low and high, it's productive cos it uses a martingale principle, it's basically a breakout system with good risk to reward ratio it can be quite productive. The lot multiplier ensures that
The settings determine the productivity, I once traded it and it was impressive only that I couldn't monitor it well due to work schedule that's why I want it automated
The settings determine the productivity, I once traded it and it was impressive only that I couldn't monitor it well due to work schedule that's why I want it automated
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Oh, believe me, that is one of the most dangerous thing to believe in trading. I will consider coding this EA, but only the entry and exit rules - I will never implement that position sizing principle in it.
The lot sizing uses 1.2 increment and not 2.0 like martingale. If u calculate it well u will see the workability. For example if it bought 1 lot the next lot will be 1.2 lot so that it can compliment the losses of d previous trades.
However if u insist u can code it without the increment.thank u
However if u insist u can code it without the increment.thank u
Thanks for ur advice ayemata but it's not the dangerous martingale settings I just want it to increase a little like say 1.2 increment
please can u resend the file or the ex4 file couldnt find the previous one after attaching it to my mt4
You should run your MetaEditor as an administrator, otherwise it will not be able to write the compiled file into its data folder.
I succeeded in running it but it's not trading when I tried back testing it, it only displayed high and low on the screen
Please tell me more about how you backtested it. It backtested just fine from 17.07.2017 through 25.07.2017 on EURUSD @ H1.
Ok pls can u send me the ex4 file directly so I can just attach it, I notice from the test result that it didn't increase lot size
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