ADX and EMA Inside Period system

[jargall]

Hi everyone,

I just read the MQL4 guide a couple weekends ago and designed my first EA.

Anyways, here's my first EA: I don't know if it's a profitable system or not, but the results of my EA back-test don't match up with some manual back-testing I did. My manual back-testing shows the system is valid, and I know there are two filters I wasn't able to figure out how to program but I'll get to that after I explain everything. (I attached a text file with the code in it).

Here's the basis of my system:

Initial setup:

15m time period

If it's between 200 and 1400 EST.

If ADX is greater than 20.

If last bar's [1] range is less than the previos bar's [2] range. (Inside Period).

If last bar's [1] range is less than 7 pips.

Conditional setup A:

If 20-period EMA is up.

If Bid is greater than last bar's high [1] (I'm assuming the charts show Bid only... is that right?)

Buy at ask price with stop loss at one tick below last period's low.

Conditional setup B:

If 20-period EMA is down.

If Bid is less than last bar's low [1].

Sell as Bid with stop loss one tick above last bar's high+ask.

I want to set the take profit at a certain Risk:Reward rate. In my back-testing I found that when the Inside period's bar is less that 5, a 3:1 reward ratio is good. (a 30 pip limit order (5(range) + 3(spread) + 2(SL and entry))*3=30).... I don't think I programmed that correctly in my code though.

First question:

Am I using the right code to initiate the trades? Did I correctly use the highs, asks, etc.?

Second question:

My time filter doesn't seem to work. Am I doing this correctly?

Third question:

I only want the trades initiated ONE PIP above last bar's High+ask. I think my current code will initiate trades if prices gap above this price. How do I fix this?

fourth question:

I think this is the biggest error in my code: I don't have a filter for when the 20-EMA reverses but the ADX is still over 20. I would ALSO like to see how this system works if the 20-EMA reverses, the ADX goes down (but not lower than 20) and then goes back up, so MAYBE we could filter out trades when the ADX is down-trending, but then again this might filter out many profitable trades). If I could get some help on the coding, I would be fine experimenting on these different factors.

From my manual back-testing I think I may have a profitable system here, so any help would be appreciated.

Thanks in advance!

Jason

[jargall]

Any answers or input??? Did I explain everything okay? Is it easy to understand the basis of the system?

Basically we're looking for a breakout from a range contraction in an already trending environment.

[David Michael]

Hi jargall, thank you for your post. Just be patience for couple of days, maybe people already gone to easter holiday. All the best for everyone