dotalu
9
dotalu  

new Idea!!!

Hello Kathikencore,

my name is Dominic and I come from germany.

My english is not the best, so please forgive me for the mistakes in the text.

I have read a lot of your posts and i saw that you help people that are not that good in coding.

I think i have a good Idea for an EA. But my coding skills are not good enough. If you could help me, i would realy thank you a thousand times!!!

Here is the Idea:

Over the last 2 Years i have noticed, that the EUR/USD is moving 50-200 Pips a day.

I want to build a Zone at 0:01am. Lets say, that for example the price is 1.3000 at that time. I want to set a limit buy signal at 1.3005 and a limit sell at 1.2995. If for example the limit buy signal is triggert, i want to set a stop loss at 1.3000 and a take profit at 1.3055. The limit sell order should stay at 1.2995. If the price moves to 1.3055, the trading day is over . If the stop loss is triggert at 1.3000, a new limit buy signal should be set at 1.3005. The same happens, until either the take profit is reached or the stop loss is reached maybe 8 or 9 times or at 09:59pm. The zone should stay at the same place the hole day, until either the take profit is hit or the stop loss is hit for about 8-9 times.

Alternativ, it could start with a take profit of 5 and every time the stop loss get hit, the take profit should rise 5 pips (5...10...15) until we are 5 pips in profit. then the EA should stop for that day.

I hope, i wrote the text in good english and you know what i mean.I would realy thank you a thousand times if you could help me!!!

thanks very much in advance!!!

hawk248
10
hawk248  

Thread Highjack!

Hello traders

it seems like nobody writes the code on this thread anymore so i think i'll take over it, if there no strong objections that is.

two things you need to know :

1. Don't ask for anything too complicated or for too many updates on the EAs that i've already written for you

i can write anything but that doesn't mean that i will write anythign for free

so don't be greedy thats all

2. Pips for me is the smallest change in the quated currency pair. I know a lot of you still speak of pips in the 4 digit quate sense even when using the 5 digit broker. well i use it in a 5 digit broker sense and all EAs will simply look at the quates digits and that will be the pips for the EA

So Imolenmaker here is your EA (attached)

it does the trailing and the trade opening and should do what you asked, provided that i understood it correctly

the x_pips (115) setting will be the trailing and the first time of entry

whyle the y_pips (300) setting will be the second type of entry

the dSL is the desaster stop loss that you can use

if you don't want the EA to open any new trades simly set the On = false

in that mode it will also not trail any trades with SL > x_pips

but will trail all other trades

as you are the trader you'll choose the direction it trades in and it will do the rest

buy = true to buy and buy = false for sell

so to confirm example of the buy signal is:

buy = true

(the latest long trade open price - Bid) < y_pips

OR

(Bid - latest long open price) > x_pips

don't have the time to test any of it so you'll have to do that and tell me how it goes

have fun with it

As for you Domenic

i'm sorry mate but its really difficult to understand exactly what you are asking there

try explaining it with screen shots of the charts etc

if i'll understand it eventually i might be able to help...

Files:
[Deleted]  

Hawk248 thank you for coding

Dear Hawk248,

Thank you for your generosity.

The attachment is still pending for approval. As soon as I am able to download it I will test it and let you know how it goes.

Once again, thank you so much.

Kind Regards,

Les

dotalu
9
dotalu  

here is a picture

hello hawk248,

thank you for your answer. I made a picture to explane my idea.

I hope that it gets clearer now!?

Thanks in advance!!!

Files:
nevermore
3
nevermore  

MTF EA needs money management

Please put a mm algorithm on this one with risk in percentage and hopefully a max trades opened number , and most usefully a filter to not have more than 1 opened trade in the currency to avoid having corelated positions.

E.G. if a position is already oppened in usd/jpy not to have another in usd/chf or gbp/jpy ,

Thanks in advance, Adrian

Files:
[Deleted]  

Dear Hawk248.

Thank you for creating the EA for me, however I cannot download it as it is pending (for some reason).

All the other ea's you have coded for others are available, so something must have gone wrong.

Could you please send the ea attachment to:

leslie@body-rapture.com

That way I will be able to download it for sure.

The EA is lmolenmaker_v1

Thanks in advance (I can hardly wait to test it out)

Les

hawk248
10
hawk248  

to dotalu

Hey Domenic

its clear enought now i think

partly what confused me is you spoke of limit orders while in face those will be stop orders

i think that i;ll implement the Option 1

it can build the zone by looking at the open price of the 1M open time

and you can set that to 00:01 time, it will be your broker's server time not your local time btw so make sure you set it correctly

the problem with mt4 is that EA's do not register when the take profit or stop loss was hit

that leaves two options

1. Forcing the code into the infinite loop, constantly checking the order history

2. Close trades with the EA rather then tp/sl so that EA knows when the trades were closed in profit or at a loss

i think i'll implement the second method, but that leave you with the problem that if the EA is not switched on at the time when tp or sl is reached, then trade will not get closed

let me know if thats acceptable

dotalu
9
dotalu  
hawk248:
Hey Domenic

its clear enought now i think

partly what confused me is you spoke of limit orders while in face those will be stop orders

i think that i;ll implement the Option 1

it can build the zone by looking at the open price of the 1M open time

and you can set that to 00:01 time, it will be your broker's server time not your local time btw so make sure you set it correctly

the problem with mt4 is that EA's do not register when the take profit or stop loss was hit

that leaves two options

1. Forcing the code into the infinite loop, constantly checking the order history

2. Close trades with the EA rather then tp/sl so that EA knows when the trades were closed in profit or at a loss

i think i'll implement the second method, but that leave you with the problem that if the EA is not switched on at the time when tp or sl is reached, then trade will not get closed

let me know if thats acceptable

Hi hawk248,

yes you are right about the stop orders

Your idea sounds very interesting. It would be nice if you could write the EA

so i can test if it works.

Thank you very much for your help!!!!

hawk248
10
hawk248  

dotalu_v1

Hey Domenic

this EA you asked for turnout to be much more of a challange then i ever imagined

its very easy to do what you ask for manually, very simple system in itself

but but exteremely difficult to find code implementation that works

Here is my current implementation

the rules atm are such:

if the current price (Bid) is less than "few_pips" away from the price of the 1 minutes open bars, indicated by "hours" and "mins" parameters.

then set the but stop "x_pips" above that price and sell stop "x_pips" below

with Takeprofit == "TP" and Stoploss == "SL"

this is not the complete set of features you asked for, this is only the start

i just need you to get it working on your machine first

you can cause it to set trades by setting "few_pips" settign too high

and manipulating the time setting so that you can force it to trade and check if it works for you

i have made it work on my 5 digit broker

now its your turn

let me know how it goes

Files:
dotalu
9
dotalu  
hawk248:
Hey Domenic

this EA you asked for turnout to be much more of a challange then i ever imagined

its very easy to do what you ask for manually, very simple system in itself

but but exteremely difficult to find code implementation that works

Here is my current implementation

the rules atm are such:

if the current price (Bid) is less than "few_pips" away from the price of the 1 minutes open bars, indicated by "hours" and "mins" parameters.

then set the but stop "x_pips" above that price and sell stop "x_pips" below

with Takeprofit == "TP" and Stoploss == "SL"

this is not the complete set of features you asked for, this is only the start

i just need you to get it working on your machine first

you can cause it to set trades by setting "few_pips" settign too high

and manipulating the time setting so that you can force it to trade and check if it works for you

i have made it work on my 5 digit broker

now its your turn

let me know how it goes

Hey hawk248,

at first, i want to thank you for your effort!!!

I will try the EA and give a reply to you, as soon as i know something!

So again, thank you!!!

I wish you good trades an a nice day..

Dominic