You need to mention the entry and the exit strategy to write an EA.
the stratigy is:
when the indicator gives me buy signal i buy (30 % of my balance)
(stop loss another 30 %)
take profit (when the other signal appears)
and reverse all of that to make another trade
buy (30 % of my balance)
Can you please explain that part in more detail?
first thanx for reply
this indicator gives me buy signal
i wanna EA to buy when the buy signal appear
with 30 % of my all balance
and leave 30 % to close position if i lose
but if i win i wanna to wait till the sell signal appears
when it appears i wanna to close postion
and reverse it (sell)short
with 30 % of my new balance
and leaVE another 30 % if i lose money (stop losss)
and wait for buy signal again
if i have 100 dollar
so open position will be 30 $
if i lose so the max loose is another 30 points or 30 dollars
and the new balance will be 70
if i win 200
so the new balance will be 300
and in the second trade (300 *30 /100)=90
so stop looss till 90
Did you try to use this indicator?
There are some threads about this indicator:
- Expert for SHI_SilvertrendSig;
- more SHI indicators (as trading system);
- why we need painting-the-past indicators: this post and this one.
- live example about how to trade with SHI_SilverTrendSig: starting from page #2 till page #4.
This indicator is painting the past. Besides this indicator is not refreshing itself on the chart.
I understand that this indicator looks good on the chart. But to create EA from some system it is necessary to trade live manually first.
thanx i 'll see them
but i need (any strategy) to automate this indicator as EA
to buy @ buy signal
and sell at sell signal
i dunno wanna except that
all the strategy is not important and could be modified
Just imagine that EA placed buy order. And as indicator repaints the past so buy signal was disappeared. So what to do with the order? Close with loss?
Because this indicator painting itself on the history. It means that you see red dot (sell). And afetr one or 4 hors the dot will be disappeared. It is ok if it is indicator. But if EA will be created so what to do with the orders?
buy/sell indicators signals are changing on the chart.
it may be buy signal now and after 1 or 4 hours no any buy. Disappeared.
Mirage. Optical illusion.
i don't know how to explain...
In the other words, the previous signals are valid only. The same with zigzag indicator.
i get it new digital
May be, somebody fixed this indicator already ...
But if this indicator will be fixed so nobody will want to create EA from it because it will not look so attractive on the chart in this case.
It should be at least one more indicator which will not re-paint itself. And it will be the trading system. Of course it is possible using 2 or 3 indicator and one of them may be SHI_SilverTrendSig. Possible but very difficult.
Because buy signal of SHI_SilverTrendSig indicator may be 'translated' as "be ready to open buy order", sell signal - "be ready to open sell order". Or "price is ready to be reversed/corrected". 'Ready' does not mean start something or started something. Just ready. It means "don't go too far from computer, be ready".
We should have the other signals/indicators to decide exactly to open the order or not. This indicator is as yellow traffic light showing us 'be ready' message.
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