Hello
programmers,
I need
help! A developer has written both an EA and indicator that are littered with
bugs. I need someone to examine this thoroughly, and to also write a NEW
martingale strategy for my existing EA. The strategy is based on renko wick
reversal. Please see attached photo entitled "reversal EA strategy"
to follow along.
In this
photo the renko gap is 40pips, with candle size of 2pips. There are four
examples in the photo. In respect to the first three, the middle line is the
trade execution line. Since price is in a downtrend, as indicated by renko
sentiment, then a sell order will be executed. The bottom line is the Take
Profit line of 20pips. Take profit hit on all three examples. The fourth
example follows the same logic, however as you can see, the bottom TP line of
20 pips has not been hit. Price is still running. The top line, SL, has not
been hit either. So to clarify, when price reverses to middle line, a sell
order will be opened with 20 pip TP(bottom line) and 20 pip SL(top line)
automatically. On EA, “EnterAfter” is trade execution based on point where
price reverses. In above example, this would be 20, because that is midpoint of
renko gap size. Of course, this parameter can be changed by trader’s
prerogative.
For
martingale strategy, if SL is hit, I need the next trade to exponentially
increase lotsize with hopes to recover previous loss. I should be able to
change these parameters as I see fit. Take a look at the following example
below starting with 0.01 lot size, representing a 40pip gap size.
10
cent 0.01 x 20 = 2.00
20
cent 0.02 x 20 = 4.00
40
cent 0.04 x 20 = 8.00
80
cent 0.08 x 20 = 16.00
1.60
dollar 0.16 x 20 = 32.00
3.20
dollar 0.32 x 20 = 64.00
6.40
dollar 0.64 x 20 = 128.00
........keep
building upon this strategy. This will yield $2.00 every win(if it wins of
course). I should also be able to change parameters of this based on renko
bars. So for example, the 20pips could change to 40, if I am going for an 80
pip gap size. Also, the 20pip can be modified to another pipvalue to compensate
for spread(20 changing to 18.2 for 1.8 spread)
I
should also be able to set the maximum allowable martingale attempts(lets go to
13 attempts, so you will have to mathematically increase after the
$6.40 all the way to 13 of these ). Once martingale has recouped past
losses(hopefully), then martingale strategy will cease. At this point it MUST
return to normal fixed lot size or account-based lot size stipulated in EA
parameter!
Noted
bugs---
1)
Renko bars AND wicks will automatically rewrite themselves. There is constant
repainting abound and this makes it impossible to implement any meaningful
strategy. This can happen with historic bars farinto the past.
2)
Sometimes EA will execute the trade the wrong way. So for example, a buy will
be executed instead of a sell and vice-versa.
3)
Reference image entitled "anomaly". This happens occasionally with
code and needs to fixed. I don't know why this is happening and perhaps entire
code needs to be re-written in order to fix this.
Note: I
have ex4 and mql source files that will be disclosed for modification to the
programmer. I will not post files in order to keep my intellectual property
from being stolen!
-Thank
you
Clarence
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