Project EA for Dolly 1st and 2nd clone - page 4

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bodshyipmonitor
138
bodshyipmonitor  
ANCOLL:
I guess making an EA is not an easy task, great logic is needed.

I dont see many people reply to give their recomended line in compiler, then I got that conclusion.

I will start myself to learn more about making EA,

duhh.. it's really confusing at this moment

ANCOLL,

I would like to continue the EA development but we should get the LOGIC part done first. Let me start off something here.

================================

OLD Trading Logic

================================

S1) Check current price in channel (in between buy and sell area)

S2) Open BuyStops and SellStops.

================================

NEW Trading Logic

================================

***** Singals ****

S1) Check time to be traded.

S2) Connect to some websites like (forexfactory), download news timing.

S3) Check whether is there any current orders. If have, ensure not more than Max Orders. Recommend Max Orders? 1? How many orders per day?

S4) Check current price in channel (in between buy and sell area)

S5) If price move up to buy/sell area, check GMACD, if both true, open orders

**** Functions ****

F1) TakeProfit

F2) TrailingStop

F3) MoneyManagement

The Major change from the Old Dolly2 EA to the recommended NEW Dolly2EA would be opening instant orders instead of putting STOP Orders.

I am generating comments for my recommendations.

ANCOLL
641
ANCOLL  

@bodyhyipmonitor

THanks for your sharing,

In your logic, what the news timing downloading for? plz share

Max order, I think make it 2, but how bout others?

matrixebiz
1733
matrixebiz  
bodshyipmonitor:
ANCOLL,

I would like to continue the EA development but we should get the LOGIC part done first. Let me start off something here.

================================

OLD Trading Logic

================================

S1) Check current price in channel (in between buy and sell area)

S2) Open BuyStops and SellStops.

================================

NEW Trading Logic

================================

***** Singals ****

S1) Check time to be traded.

S2) Connect to some websites like (forexfactory), download news timing.

S3) Check whether is there any current orders. If have, ensure not more than Max Orders. Recommend Max Orders? 1? How many orders per day?

S4) Check current price in channel (in between buy and sell area)

S5) If price move up to buy/sell area, check GMACD, if both true, open orders

**** Functions ****

F1) TakeProfit

F2) TrailingStop

F3) MoneyManagement

The Major change from the Old Dolly2 EA to the recommended NEW Dolly2EA would be opening instant orders instead of putting STOP Orders.

I am generating comments for my recommendations.

Nice sounds great. Once implemented, I'd be happy to forward test for you.

bodshyipmonitor
138
bodshyipmonitor  
ANCOLL:
@bodyhyipmonitor

THanks for your sharing,

In your logic, what the news timing downloading for? plz share

Max order, I think make it 2, but how bout others?

Thanks for contributions.

Well, sometimes news will mess up our trades. Thats why we try to escape from that to happen.

Max Order=2 , that is one for buy and one for sell? or 2 trades(either buy/sell) in a day?

Need more clearer logics.

Muhammad Hamizi Jaminan
161
Muhammad Hamizi Jaminan  

================================

OLD Trading Logic

================================

S1) Check current price in channel (in between buy and sell area)

S2) Open BuyStops and SellStops.

================================

NEW Trading Logic

================================

***** Signals ****

S1) Check time to be traded. - (follow currency country)

S2) Connect to some websites like (forexfactory), download news timing. - (Using? News FEED? Could you send me the IDE?)

S3) Check whether is there any current orders. If have, ensure not more than Max Orders. Recommend Max Orders? 1? How many orders per day? - 2 for hedging =)

S4) Check current price in channel (in between buy and sell area) - Filter with BB and Envelopes

S5) If price move up to buy/sell area, check GMACD, if both true, open orders - Also check OsMA 2-3 bar previous candle.

**** Functions ****

F1) TakeProfit - 120pip

F2) TrailingStop - breakeven on 20pip

F3) MoneyManagement - 15-20%

ANCOLL
641
ANCOLL  
bodshyipmonitor:
Thanks for contributions.

Well, sometimes news will mess up our trades. Thats why we try to escape from that to happen.

Max Order=2 , that is one for buy and one for sell? or 2 trades(either buy/sell) in a day?

Need more clearer logics.

Well,

In my own backtest, the news usually move the Dolly 2nd clone to its target, without news, It won't get the profit...LOL. How bout an option for this setting, maybe look like this :

Trading on the news= 0 (false) or 1 (true)

Max order 2 = for 1 buy and 1 sell.

I was thinking about to put logic for bearish and bullish correction also, how bout it?

Muhammad Hamizi Jaminan
161
Muhammad Hamizi Jaminan  
ANCOLL:
Well,

In my own backtest, the news usually move the Dolly 2nd clone to its target, without news, It won't get the profit...LOL. How bout an option for this setting, maybe look like this :

Trading on the news= 0 (false) or 1 (true)

Max order 2 = for 1 buy and 1 sell.

I was thinking about to put logic for bearish and bullish correction also, how bout it?

not agree to using bullish/bearish correction bcoz ea too strict with the rules. trend correction only can analyze with human eye.

bodshyipmonitor
138
bodshyipmonitor  

ummm... its quiet here again.

Seems like after the moderate shift dolly to its new home.. hasn't been much discussions....

Muhammad Hamizi Jaminan
161
Muhammad Hamizi Jaminan  
bodshyipmonitor:
ummm... its quiet here again. Seems like after the moderate shift dolly to its new home.. hasn't been much discussions....

user will post when ea release with wrong setting. lol

Chrisstoff
524
Chrisstoff  

I think the plan of the structure (Trading Logic, Functions) of a new EA has been made ready. There would be several posts and new posters if the new EA with a short description of the expectable or forecasted results were released.

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