Thank goodness I found you !!

[[Deleted]]

I'm so happy to have found this site. This is my first post so please someone reply!!!

I'm trying to develop some MT4 EA's. These are systems that I have traded profitably in the past whilst trading live without the benefit of automated trading.

I am trying release myself from the screen and to learn to program but I find it very difficult. The EA builders have helped but I am seemingly not able to incorporate many of my trading rules using them.

My first strategy is an ADX pullback system. For buys ADX >30, 130EMA and 130 SMA must be rising, DI+>DI-, current price26EMA. I have only 1 trade open at any one time and no trade may be opened while any of the previous 5 bars have crossed 26 EMA. For sells simply reverse the rules. I have backtested this with manual bar by bar testing and it is fairy robust but probably would benefit from optimisation.

I use a trailing stop of 20 pips and this strategy gives on average 1-2 trades per day on the 5 min bars. Works on all currencies but I only trade tight spreads.

My problems are that I have not found a way to express the rising EMA rule. the 'only 1 trade open' rule or the 'no trade within a 26EMA cross for 5 bars' rule using an EA builder.

Can anyone help please?

[Robert]

simongb:
I'm so happy to have found this site. This is my first post so please someone reply!!!

My problems are that I have not found a way to express the rising EMA rule. the 'only 1 trade open' rule or the 'no trade within a 26EMA cross for 5 bars' rule using an EA builder.

Can anyone help please?

Hi Simongb,

I'm just a novice coder but I think I can help with at least one question.

1) Only 1 trade open rule:

Requires a little more technical coding than my present novice skills. Hopefully one of the pro's here can help (they may need to see your code to help fix it) . If not, try mq4.com for lots of examples and help. Also many free EA's have a number of good examples of "only 1 trade" code logic. Check them out too.

2) 26EMA cross for 5 bars:

Not sure which crossing to compare this 26EMA crossing with - the price line or other EMA's...?

Check the crossing/time and count the bars...??

If 26EMA cross X < 5 bars ....Trade=false...??

If 26EMA cross X > 5 bars ....Trade=true...??

3) Try this for your 130EMA and 130SMA rising:

Current values greater than previous values = rising

if (130EMA(0) > 130EMA(1) && 130EMA(1 > 130EMA(2) &&

130SMA(0) > 130SMA(1) && 130SMA(1) > 130SMA(2) ) 130EMAand130SMArising=true ;

Hope this helps and good luck,

Robert

[[Deleted]]

Thanks for that Robert, I will give it a try.

Good Luck !!