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Experts: Price Action EA

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MetaQuotes Software Corp.
Moderator
191659
MetaQuotes Software Corp.  

Price Action EA:

Amazing EA that does not use any indicator. Instead, it follows the price action. Tested from 18 August 1995 to 29th January 2014. It has managed to turn $10,000 to 11,958,183.37.

Author: heao

lugevho1
21
lugevho1  

Hi hodhabi,

The EA opens no trade. Witch time frame do you use?

Thank you

Vitalie Postolache
12479
Vitalie Postolache  
It has no action programmed for TradeType = 0, so can use only 1 and 2.
MQL4 Comments
16316
MQL4 Comments  

It won't work because he ommited the trade logic..

rossiya
38
rossiya  
Price lies...
Fernando Carreiro
3937
Fernando Carreiro  


This code is useless!!!!!

I have taken a good look at it and all it is, is some junk code that does nothing useful except continuously force open a pre-defined order when the "TradeType" parameter is set to 1 (Buy) or 2 (Sell).

In other words, it is no smarter than manually placing trades when one feels like it. Why on earth would I use this "crap" when even the manual option on MT4 is smarter and can even do trailing stops.

The only thing it is good at, is bringing your account balance down to ZERO!!!

heao
73
heao  
You need to test on the day timeframe with every tick.
heao
73
heao  
lugevho:

Hi hodhabi,

The EA opens no trade. Witch time frame do you use?

Thank you


Use the day timeframe and every tick for backtest. Also, please set TradeType to either 1 or 2.
heao
73
heao  
evillive:
It has no action programmed for TradeType = 0, so can use only 1 and 2.

Correct.
heao
73
heao  
When you test or use this EA to trade a demo or live account you need to decide your initial price direction by setting TrdaeType to either 1 or 2. TradeType = 0 means the EA will be ideal and will not trade.
heao
73
heao  
lugevho:

Hi hodhabi,

The EA opens no trade. Witch time frame do you use?

Thank you


Set TradeType to 1 or 2.
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