Forex signal generator - page 101
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If anyone is interested in this system, rather than spending money and buying some of the EA's on offer I have created an EA to follow the 20DP rules.
I have tested on strategy tester and it is following the daily signals as supplied on this site although the data I use is from Alpari which is slightly different.
The M1 GBPUSD history data is not available from Alpari at the moment so I haven't been able to test over the last couple of years as I would like to do.
Perhaps someone is interested in doing some testing on GBPUSD and also on other pairs, we just have to change the profit, stop and A and B level peramiters for other pairs.
I have attached the zip file containing the EA and indicators necessary for calculations as well as the profile for GBPUSD.
Please let me know what you think and if we need to change anything.Thanks for your great works !!!
also can you supply it with the manual and how to use it properly? what the meaning with the variable of "magic number", "risk 1", "Aternoonst", "Afternoonend", "Morningst" and "Morningend" ?
20DP Expert
Hi paijolopez,
I have set up the ea to follow the rules as per the 20dp system. The code can be found in the EA under the section "//Calculate 20P pending entry prices"
The EA will place a sellstop or buystop order at the start of the trading session.
The EA will handle an extra decimal place on the quote value, Alpari
has recenly introduced this. (GBPUSD = 0.00001). Also if the pair has 2 or 3 digits like USDJPY.
The orders are set to expire at the end of the trading session as specified or after 5 hours from opening if they are not hit.
The EA is limited to take only max of 1 OP_BUY or OP_SELL trade per day, if the we already have had 1 OP_BUY or OP_SELL no more orders will be placed until the next day. This code can be found in the EA under the section "//Test how many trades have been taken for the day, we must only do 1 trade per day"
This EA also has the functionality to palce long and short stop orders and cancel the other when becomes an open order although this is not necessary with the 20dp system.
If you want to test on other pairs then simply drop the EA on the chart, you will need an M1, H1 and Daily chart open. Also the variable values will need to be altered to suit.
The meaning of the variables is as follows:
_MagicNumber
Is the unique number assigned to the order so the EA can manage the order, this will allow trading of multiple pairs.
Loss and profit targets
StopLoss1 = 30;//distance to StopLoss in points (0 - disable)
TakeProfit1 = 20;//distance to TakeProfit in points (0 - disable)
TrailingStop1 = 150;//Trailing Stop in points (0 - disable), we are not using a trainig stop in the 20DP system so it is set to a high level or just make it = 0 to disable it.
Level1=21;// A level as specified in the 20DP rules
Level2=41;// B Level as specified in the 20DP rules
Money management
risk1 = 8;//This is the % loss of your account balance you would like to risk. The EA will calculate the number of lots needed in order to risk x % of the account value if the stoploss is hit assuming the account is USD.
Currently In the EA the default number of lots is = 1 for testing purposes, this is under the "//Money management" section.
Set session time period//
This gives us the option of specifying during which hours of the day you want to trade when the volumes are the highest. You can have 2 trading sessions if needed. as below.
Afternoonst = 6;//Session open, maybe Europe US market open
Afternoonend = 17;//Session close, maybe Europe US market close
Morningst = 6;//Session open, maybe Asian market open
Morningend = 6;//Session close, maybe Asian market close
Daily Forex Signal Monday 08 JUN 2009
D20P SELL B GBP/USD 1.6010
take profit 1.5990
stoploss 1.6040
CLOSED LOSS -30 pips
Thank you so much Derekc, I will try it out
Daily Forex Signal Thursday 09 JUN 2009
D20P BUY B GBP/USD 1.6025
take profit 1.6045
stoploss 1.5995
CLOSED LOSS -30 pips
Daily Forex Signal Wednesday 10 JUN 2009
D20P BUY B GBP/USD 1.6257
take profit 1.6277
stoploss 1.6227
CLOSED PROFIT +20 pips
Daily Forex Signal Thursday 11 JUN 2009
D20P BUY A GBP/USD 1.6377
take profit 1.6397
stoploss 1.6347
CLOSED PROFIT +20 pips
Daily Forex Signal Friday 12 JUN 2009
D20P BUY B GBP/USD 1.6557
take profit 1.6577
stoploss 1.6527
CLOSED PROFIT +20 pips
Daily Forex Signal Monday 15 JUN 2009
D20P SELL A GBP/USD 1.6430
take profit 1.5410
stoploss 1.6460
CLOSED PROFIT +20 pips
Daily Forex Signal Tuesday 16 JUN 2009
D20P SELL A GBP/USD 1.6312
take profit 1.6292
stoploss 1.6342
CLOSED PROFIT +20 pips