User asks for explanations of EA parameters and their functions.

Igor Durkin 2006.03.10 18:04 #41

In input data.

FX-Hedger 2006.03.11 00:13 #42

I'm lost

igorad:
In input data.

Sorry I'm lost

dblais 2006.03.15 14:40 #43

Clarifications on PriceChannelExpert_v4

Igorad,

Could you explain what is the concept behind your EA? It looks very promising!

What are the conditions for opening a trade? When I look at your code, it looks like there's two conditions(Because of "MainChannelPeriod" and "ChannelPeriod" parameters). Can you explain it in simple words?

Also, in the parameters for your expert, there are a couple of parameters that I can't figure out their function or how they operate.

1. Trade Volume & Trade Method
a. Trailing Stop
Trailing stop is self-explanatory. But when is it applied to the trade? How is it calculated? When is it raised?

b. Swing Trade

What is the meaning or the use of this parameter?

c. Pending Order

What is the meaning or the use of this parameter?

d. PendOrderGap

What is the meaning or the use of this parameter?

e. BreakEven

I assume that when the price goes in your favor up to that level, your Stop Loss is raised to your entry price (plus the spread). Right?

f. BreakEvenGap
What is the meaning or the use of this parameter, that must be related the the BreakEven level?

2. Price Channel Parameters
g. MainTimeFrame
I assume this must be the time frame of the chart that you are using that must be entered here. Right?

h. MainChannelPeriod

i. Channel Period
What is the difference between these two parameters?

I know that I'm asking a lot of questions at the same time, but I think that your answers will give us a better understandig of your EA, and a better chance for enlighted trading.

Thank in advance,

Daniel

Error 130 trailing stop Delete an object from

coyan 2006.03.18 16:56 #44

somebody could built an Expert A.?

I think that this is a very good system, and must be test in demo with a EA.

Coyan

coyan 2006.04.13 16:29 #45

What happen? I think this is a good system.

Coyan

Sergey Golubev 2006.04.13 16:47 #46

coyan:
What happen? I think this is a good system. Coyan

It was built already. Check this thread from the beginning.

https://www.mql5.com/en/forum/173669/page3

BrunoFX 2006.04.13 18:17 #47

Thx Newdigital

Oligarh 2006.04.13 21:59 #48

Ask Igor, that he thinks concerning it EA v4.

[Deleted] 2006.05.04 20:20 #49

Indicator

Where to find the indicator which is on the images of this post https://www.mql5.com/en/forum/173669.

I have the Pchannel_m3 indicator but not the others which indicates buy and sell in blue or red ?

Thanks

[Deleted] 2006.05.04 21:01 #50

Ok

Ok, I found !

Thanks

Price_Channel_v6-ea - page 5