Part #4: TrendEnvelopeExpert_v2.2 EA - manual trading.
So, I am using just 2 indicators (it was coded 3 indicators inside this EA with many variations for enter, exit and settings and timeframe):
- TrendEnvelopes_v2 indicator to enter as signal indicator on M15 timeframe;
- TrendStrength_v2 indicator as confirmation of the signal on H1 timeframe.
So, the system is very simple and as you can see - very profitable for some pairs.
Please find templates attached (for M15 signal and for H1 confirmation). Indicators (and EA) are on this post https://www.mql5.com/en/forum/174793/page21
And it is how we enter:
Please note: we are always trading on close bar. It means that the signal or confirmation must be on previous bar.
By the way, we can select any bar for the confirmation - it was coded inside the EA:
TE_CurBar = 1; // Shift relative to the current bar
TS_CurBar = 1; // Shift relative to the current bar
dd_CurBar = 1; // Shift relative to the current bar
Please also note that we must have all indicators compiled in indicators folder even if we selected not to use them. For example we are not using AddSignal_v1 indicator because we selected Add_Mode = 0 in the settings of the EA but we must have tgis indicator (and MAofHA_v1 and MACDofHA_v1 as well) in indicators folder compiled because those indicators were coded inside EA.
Please also note:
you do not need to attach indicators to the chart of you want to use this EA.
Read this page https://www.mql5.com/en/forum/174793 about
- which number to place in the settings for timeframe
- about 3 ways to use this system (manual trading, semi-automatic trading and fully automatic trading).
Part final: TrendStrengthExpert_v2 EA - manual trading
It was everything just about one EA:
EA with the indicators are on this post https://www.mql5.com/en/forum/174793/page21
Template to trade manually is attached.
It is very complex EA:
- we can select any coded indicator as a signal and any others - for conformation;
- we can select any timeframe for that, even if it will be MTF cases;
- we can select tmefilter (time to start and time to finish to trade);
- we can select to close all the orders in selected time, or keep the orders for the next day;
- we can select to use just 1 indicator only, or 2 indicators all together, or all indicators all together or separatedly for enter as a signal, or for confirmation, or for exit.
And so on.
I described here all the settings, how to trade manually and my settings I am using to forward test this EA. It is profitable EA for EURUSD H1 with my settings (read this page).
If someone creates the settings for the other pairs or timeframes, or different setup to trade manually - please post on this thread.
There are many EAs coded. I described about just one: TrendStrengthExpert_v2 EA
Other EAs are on this post and EAs are differen and sometimes very different from each other. There is some EA namely TrendStrengthExpert_v2Scalper_2 using TheOnlyPivot_Level and Volatility.Pivot.Open from this thread https://www.mql5.com/en/forum/177482
I will try to describe all EAs.
But as I am not a coder so it will not be quickly: I will describe 1 or 2 EAs in a week.
Part final: TrendEnvelopeExpert_v2.2 EA - manual trading.
5. Exit, Trailing Stop, Timeframe and timefilter
As we see we are having TakeProfit, StopLoss, MaxOrders, Lots, and:
Magic = 221221;
ProfitLock = 0; // Profit Lock in pips
SignalMail = False; // E-mail Alert Switch
TrailingStop = 0; // Trailing Stop Value in pips
TrailingMode = 0; // 0-off, 1-standard, 2-System by TE
What is 0?
It is no any trailing stop.
What is 1?
It is normal standard trailing stop according to Trailing Stop Value.
What is 2?
It is trailing stop according to TrendEnvelopes_v2 indicator's lines and Deviation of this lines:
StopDeviation = 0; // Deviation of TrendEnvelopes line
I am using TrailingMode = 0.
Now about exit.
In my settings I am using the following exit mode:
ExitMode = 5; // System Exit Switch: 0-off, 1-TS, 2-TE, 3-AddSignal, 4-any first, 5-signal
In this case we are not using exit by indicators. We are using exit as simple stop loss, trailing stop and take profit values.
It is exit by TrendStrength_v2 indicator: indicator is changing the color of the lines and we exit. Please note: if we selected to use this indicator for H1 timeframe to enter so it will be exit using H1 timeframe as well.
It is exit on TrendEnvelopes_v2 indicator changing color lines (direction. Please note: if we select TE_TimeFrame = 0 for enter so it will be the same for exit).
What is 3?
It is exit according to AddSignal_v1 indicator. According to selected timeframe.
What is 4?
It is exit on 3 indicators - any first. Any of. Depends on what will be the first.
What is 5?
I do not understand this part of the code ... may be it is exit on opposite signal ... any way the coders may look inside the code and describe something about it.
ExitMode = 5
Timeframe and timefilter.
It was described on this page https://www.mql5.com/en/forum/174793
It was description about TrendEnvelopeExpert_v2.2 EA.
Ea is on this post together with all the indicators https://www.mql5.com/en/forum/174793/page21
Some discussion about this EA was started here https://www.mql5.com/en/forum/173397
Other EAs are on this post and EAs are differen and sometimes very different from each other.
And it is important to read this post as well https://www.mql5.com/en/forum/174793/page33
That's all for TrendEnvelopeExpert_v2.2 EA.
Thus, 2 EAs were already described and we may trade their systems manually.
If you can not find something so look at EAs thread https://www.mql5.com/en/forum/176044 and on links thread https://www.mql5.com/en/forum/176023
For example, the links about this explanation is on this post https://www.mql5.com/en/forum/176023
If you want to use this systems with some other indicators so go to manual trading systems elite section https://www.mql5.com/en/forum and use this elite indicators links thread https://www.mql5.com/en/forum/178673
About performance - you know already: read this page https://www.mql5.com/en/forum/174416
and very important thing:
if you do not have time to visit public threads and elite section every day so you may visit it once in a week.
Using those 2 threads you will always know about the situation on the forum and news about something created:
What is new weekly in public and elite
The thread about threads: what's going around the forum everywhere
you have probably mentioned this on the post somewhere but do you close all trades on friday or just let them run?
I am semi manually trading with the ea (manual confirmation) as I am spreadbetting with IG index. EA did well today closed out with 80 pips with gbp/usd today as I had to go out. When I got back it was at 130 pips. 80 pips will do thou .
I am not closing on Friday.
Hey ND , can you give the optimal setting for
mini and regular account?
for the v2.2
I am testing 2.2 with 0.1 lot size. But DD for TrendEnvelopeExpert_v2.2 (place #2 now in total leaders pipsing calculation) is 1,000 dollars using 0.1 lot size (for all 4 pairs all together) ... so ... you need big deposit or smaller lot size ...
If using 0.01 lot size so DD may be 100 dollars ...
By the way, anything is depends on your deposit size anyway.
Look at this page for more explanation: https://www.mql5.com/en/forum/173397
The settings (EAs with default settings) are on this post https://www.mql5.com/en/forum/174793/page21 (it is the settings i am testing). Do not know: optimal, or not optimal ... I am only said about DD but it is drawdown since August 2007 forward testing. Of course it may be smaller for 3 months forard testing for example.
Anyway, I personally do not like DD = 1,000 dollars for 0.1 lot size. But it is my personal opinion.
So, you need to use some big deposit size (more than 3,000 or 5,000 exactly), or to use small lot size (starting from 0.01 for example).
It is not a suggestion. Just my personal opinion only.
It does not depend on anything: like or don't like.
Because this 2.2 is MTF EA (Multi Timeframes EA): using M15 and H1 timeframe for enter and exit. So, this EA should have more bigger DD than normal Not-MTF EAs. Because of nature of MTF systems.
Which EAs are MTF ones?
I just looking on this thread to see https://www.mql5.com/en/forum/176044
- Almost all (may be all EAs) rom this well-working thread;
- all TSD EAs from this section https://www.mql5.com/en/forum
- Some Terminator EA versions (may be Terminator v2.03_absolutefilter2 EA);
- BrainTrading EAs is anti-MTF (trading on bigger TF taking the confirmation on smaller timeframe;
- Alpha9 EA and Electra EA.
Some EAs were coded as MTF. And some other EAs are MTF just because of the settings: we can choose to use MTF or normal one (just because of the settings).
Which EAs are coded as MTF?
TSD EAs, may be Alpha and Electra. Other EAs may be used as normal not-MTF EAs and it is the subject of the settings of the EAs selected.
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