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,
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 ****
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.
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?
Nice sounds great. Once implemented, I'd be happy to forward test for you.
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.
***** 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.
F1) TakeProfit - 120pip
F2) TrailingStop - breakeven on 20pip
F3) MoneyManagement - 15-20%
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.
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
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.