MQL4 Learning - page 89

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luxinterior:
Put this at the beginning of your start function.

if(Period() != PERIOD_D1)return(0);

Lux

Thanks Luxinterior.

one more favor if i may. i was wondering if you can help me make the attached simple indicator to a MTF indicator. it is simply identifing the highest and the lowest price for the past 56 daily period. it is part of the Turtles trading methodology.

Files:
soheil_turtle_lines.mq4  4 kb
 

RSI info?

I have got it to work :-)))

Hi, I am making a indicator just for showing the rsi value of the

different TF, but is it possible to get i to show if the value is going

UP og DOWN??

Thanks for any help.

Regards, halvard

---------------------------------------------------------------------------------------------------

int start()

{

int counted_bars=IndicatorCounted();

double fastDailyMom=iMomentum(NULL,PERIOD_D1,13,PRICE_CLOSE,0);

double slowMom=iMomentum(NULL,PERIOD_D1,26,PRICE_CLOSE,0);

double onehourRsi=iRSI(NULL,PERIOD_H1,9,PRICE_CLOSE,0);

double fastRsi=iRSI(NULL,PERIOD_D1,9,PRICE_CLOSE,0);

double weekRsi=iRSI(NULL,PERIOD_W1,9,PRICE_CLOSE,0);

double monthRsi=iRSI(NULL,PERIOD_MN1,9,PRICE_CLOSE,0);

//--------------------------------------------------------------------------

//--------------------------------------------------------------------------

Comment("\n" + " 1H RSI" + "\n" + " Value= " + onehourRsi + "\n" + "\n" + " Daily RSI" + "\n" + " Value= " + fastRsi + "\n" + "\n" + " Weekly Rsi 9" + "\n" + " Value= " + weekRsi + "\n" + "\n" + " Monthley Rsi 9" + "\n" + " Value= " + monthRsi);

 

Check the value of the one before (index 1). The see if the previous is higher > or lower > than the current one.

Lux

 

Help me build this EA pleaseee....

Hello every one!

Would any one please help me build this kind of EA:

(1) Brief description of my EA / indicator

My formula was just like this:

Open Position

If the price is up 10 pips, Take Profit, and Open Position again.

If the price is down 20 pips, Stop Loss.

If the price is down 20 pips twice in a series, Stop Loss, and Stop Trade until the price is up 10 pips twice in a series, then Open Position again.

Lot Size = 0.01

Currency = EUR/USD

Open Position = just buy

This formula is repeated after it's finished.

That EA must do this all over and over again.

(2) Which indicators should be monitored before building the logic?

There's no need to monitored any indicators.

(3) Entry

When should it open a buy position?

When the EA is activated.

When should it open a sell position?

Never.

(4) Exit

When should it close a buy position?

When the price is up 10 pips (Take Profit) or

When the price is down 20 pips (Stop Loss) and/or

When the price is down 20 pips twice in a series, then Stop Loss and Stop Trade until the price is up for 20 pips, then Open Position again.

When should it close a sell position?

Never.

(5) Trade Options

Take Profit = 10 pips.

Stop Loss = 20 pips. (after loss 20 pips twice in a row, then stop trading, wait until the price is up for 10 pips twice in a row, then open buy position again.

Trailing Stop = No.

This formula was based from Guerilla War Strategy that my country, Indonesia used for many generations to fight enemies that threatened our country.

Hopefully there's a programmer or coder guru that want to help me build this EA.

At least, if you could teach me how to build it, i think that's a great idea too...because i could learn to make my own EA.

I will appreciate all of your comment, because thats showed your concern and your care for me.

I really thank you if you could make me this EA.

If there's anything from my thread here make you complicated, feel free to share.

 

are you trading this strategy manually?

Hi Juannie,

according to the parameters that I see in the function requested with the EA, it looks very dangerous as you say, that the ea never should trade short.

The condition you are describing can blow your account within few days, if not same day, when there is a strong down trend, because in times of short trend every currency can go up 20, 30 or even 40 pips back (pull back) and then eat up another 20 pips or 40 (20 pips, twice in a row until stop trading).

Are you trading this manually?

...and why not build a reverse function that starts to trade short when the market changes from long to short trend?

the ea you are asking to code it is a price action ea, and I have several of them that can be modified in any price gap, but it is not working well, even with reverse condition.

I am using a manual scalping strategy where I buy and sell (not at the same time) with my indicators and does perform well, as you really cannot trust any ea fully (by not monitoring its trades) because even my best ea that I have coded that has the potential to make up to 20% per day, is wrong sometimes, and makes big losses when there is a change of direction, even that it trades in both directions.

 

Hi, Turanius

Hi, Turanius!

Yes, thank you very much for your feedback.

I'm using a different approach to manual trading (not using this strategy i posted).

I haven't try to manual trade this strategy.

But i have try to coded the EA myself with the help of my friends, and i realize about try to build a reverse function (Sell instead of Buy, if the market condition changed).

Very good anticipation by you.

Thank you for remembering me!

About don't trust the EA fully, i agreed with you.

I'm also monitoring my EA from time to time.

Eh, would you like to build me an EA with the system i mentioned?

Are you a programmer?

Thanx!

 

I need help

Hi ,

I have a simple EA. & there is an error appear when i tried to modify it

what i need is below:

every ( x) of trades .enter the following trade with lot quantity (y) ..

fore example :

lot= 0.1 and every 5 lot enter the next trade with 1 lot

like :

first trade ---- 0.1 lot

2nd-------------0.1

3-----------------0.1

4----------------0.1

5---------------0.1

6-----------------------1

7-------------0.1

8------------0.1

9-----------0.1

10---------0.1

11----------0.1

12--------------------1

GOD bless u ...

Files:
ema_rsi_stoch_ea.mq4  12 kb
 

Slippage and decimals

Hello,

is this code correct for the 5 decimal brokers?

extern double StopLoss = 30; // in pips

extern double TakeProfit = 50; // in pips

extern int Slippage = 3; // in pips

SL=Bid - StopLoss*Point;

TP=Bid + TakeProfit*Point;

Slip=Slippage;

Ticket=OrderSend(Symbol(),0,0.1,Ask,Slip,SL,TP,"",0,Blue); [/CODE]

or this?

extern double StopLoss = 30; // in pips

extern double TakeProfit = 50; // in pips

extern int Slippage = 3; // in pips

SL=Bid - StopLoss*Point;

TP=Bid + TakeProfit*Point;

Slip=Slippage*Point;

Ticket=OrderSend(Symbol(),0,0.1,Ask,Slip,SL,TP,"",0,Blue);

or this?

[CODE]

extern double StopLoss = 30; // in pips

extern double TakeProfit = 50; // in pips

extern int Slippage = 3; // in pips

SL=Bid - StopLoss*Point;

TP=Bid + TakeProfit*Point;

Slip=Slippage*10;

Ticket=OrderSend(Symbol(),0,0.1,Ask,Slip,SL,TP,"",0,Blue);
 

RSI on CCI /code or indicator

I need an RSI that uses "Previous Indicators Data" from a CCI.

either I need to code it in my ea

OR

I need an indicator that does "RSI on CCI".

Can someone point me in a good direction?

Jamal

 

the last one is correct.

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