Idea for EA

[Deleted]  

Hi,

I will share my idea for an EA and I wish someone could do this to be simple EA has done.

This works in any currency.

Example Watch chart GBP/JPY ( Time= D1)

When it is 00:00 on the platform InterbankFX example. It opens a position on the sell and buy on the new bar created

Set in the EA

#1- Lots of our choice

#2- Stoploss of our choice

#3- T/P of our choic

#4- If example in the user but lots 0.10. Of that EA will open the position on the Buy and sell it is necessary for the position 2 was 0.10.

#5- If the EA example not reach the T/P that the user has chosen. At 23:59 on 2 position will automatically close.

#6- The EA can only open a position on the buy and sell, but once a day 00h00

If the user selected the 0.50 lots open 2 position needs to be a 0.50

If someone would be able to set up this EA I could test it in the future on a demo with interbankFX.

THX

Files:
gbpjpy_1.jpg  911 kb
 
thepimpe:
Hi,

I will share my idea for an EA and I wish someone could do this to be simple EA has done.

This works in any currency.

Example Watch chart GBP/JPY ( Time= D1)

When it is 00:00 on the platform InterbankFX example. It opens a position on the sell and buy on the new bar created

Set in the EA

#1- Lots of our choice

#2- Stoploss of our choice

#3- T/P of our choic

#4- If example in the user but lots 0.10. Of that EA will open the position on the Buy and sell it is necessary for the position 2 was 0.10.

#5- If the EA example not reach the T/P that the user has chosen. At 23:59 on 2 position will automatically close.

#6- The EA can only open a position on the buy and sell, but once a day 00h00

If the user selected the 0.50 lots open 2 position needs to be a 0.50

If someone would be able to set up this EA I could test it in the future on a demo with interbankFX.

THX

explaination macam gampang..haram tak faham...

 

Also known as the Daily High/Low breakout - not original or profitable in the long run, despite how it may appear, I'm afraid. Plus, there must be dozens of EA's written to do this.

[Deleted]  

It's me on the D1 and not the M5

 
thepimpe:
It's me on the D1 and not the M5

The Backtest timeframe used is irrelevant, the EA uses EOD prices - just check the BT results I posted. It is actually more accurate to use lower timeframes, especially considering the TP/SL I used (tp=10, SL=50). btw, a larger SL of 200 still produes the same overall equity curve...

[Deleted]  

Ok I am going to test manually, and if I have a good result. I shall put the report here. And after that it has to resterat of EA that I would prove if it works because I do not want to waste your time.

THX

 
thepimpe:
Ok I am going to test manually, and if I have a good result. I shall put the report here. And after that it has to resterat of EA that I would prove if it works because I do not want to waste your time. THX

Forward testing is always better of course. Just bear in mind that if my backtest is accurate, you will find that over 75% of your trades will be profitable (assuming you use similar SL/TP) - BUT it is the 25% of unprofitable trades that makes this a loser...