This thread will be used to post simple expert advisors
The experts that are going to be posted here are not going to be complete trading systems - after all, building a trading system is much, much harder than the majority of traders want to admit it - but to post code for simply and reliable EA code that will help traders to do quick tests of single indicator performances with different parameter settings, that will help to see the usage of some indicators that are posted as ex4 files, and that will, possible help to be used as a basic frame that traders can use to develop their own systems and expert advisors.
Tests conducted will not be aimed to make the EA profitable, but to make sure that it works as intended. Any other development (if something is proven to be interesting for further development based on a very simple set of rules), will be conducted in a separate thread
Maybe the above sounds complicated (unlike the name ) but all will be much clearer as soon as a couple of experts is posted here
Here is the first one
As simple as it gets simple moving averages cross expert advisor : simple_ma_cross_ea.mq4
It opens an order on a cross of two averages. If an order of opposite direction exists, it is first closes that order. If it fails to close the opposite order it will attempt the same thing (if the signal still exists) on the next tick (new order opening is prevented if the opposite direction order close fails). Some extra built in (like current profit for opened order display - just for the sake of simpler usage and providing a bit more information - that will probably be extended in the future versions of any of the experts posted here).
It is an easy to use frame that can be used for similar tasks and, as all can see, the code is as simple as it gets. There is no need for anything more complicated for this kind of tests
Adding this one (since it was talked about something like this here : https://www.mql5.com/en/forum/186180 ) : simple_hull_variation_ea.mq4
Indicator used by the EA (must be in the indicators folder) : hull_variation_2.mq4
Thanks Mladen for this thread
Can we add some other idea to be converted to EA?
In order to avoid some misunderstandings
The purpose of these experts is not to test trading systems. Rather they will be made to test "out of the box" performance of indicators and to show by example trhe usage of some ex4 versions posted. So, all in all, they will be made as a help to quickly asses if some indicator was traded based on some criteria (slope change, zero crosses, signal crosses, etc ...) what would be the performance of such an indicator. The experts that are based on a system (with proper MM and all the rest that goes with that) rather than on a single indicator performance will have their own place
PS: I see that it will probably be a good idea to add some basic operations that are common. For that reason some things will be added (trailing stop will be first to be added) but I intend to keep these as simple as it can be - in order to avoid "mudding" the single indicator performance testings
Of course - that is the purpose of the thread too : to allow that type of testing, but withing the guidance of this threads purpose (check my previous post)
Eventually for things we all find more than just a test, separate development threads will be started
Thanks Mladen your reply
I guess there many indicators are deserved to be experimentally tested as EA, of them StepMA of rsi adaptive ema 2_3 and Averages ribbon 2_4from point of view can be started with.
Of course, indicators like Ehlers Fisher transform as well as last versions of XO and Aroon also are promising for EA.
Any way, I really don't want to be a greedy person but finally it is up to you to decide.
A lot of thanks for opening and starting this thread,of course many of us needs your expertise skills on EAs.this part is totally garaged since long due to strict restrictions but now with your kind initiative and keen interest i hope we will be have that too at same status/level as we having new tools.and gradually adding all required factors as to make it independent trading tool....my utmost wish.
OK. That s a good list to start with. Will post as it is made
i have tested and tried simple hull variation ea,it is working well according to code ...... one thing i noticed,is missing, and mostly EAs in the market dont have this function/facility,but i think it should be a basic part of every EA with true/false option,if some one dont like use it....... ea must be check ORDER status after every (specific time-in seconds) continuously,if there is any opened trade,if yes,do nothing,.......if no,check for order conditions,if met,open an order accordingly.......what i noticed,when a trade/order is closed due to any reason (BE,SL,TP or manually/accidentally) ea keep silent (inactive) till the trend change in opposite direction,though some times price move for hundreds pips in same trend (order closed direction).....hope i explained right enough but you can decide better..........of course i am greedy for EA,exact opposite to dear talaate.:)
It is checking that already. With trailing stops it will do some more, but all is OK now too (that is the beauty of a very simple code - it does all the expected in a very few lines of code )