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MetaQuotes Software Corp.
Moderator
180328
MetaQuotes Software Corp. 2014.01.30 08:52 

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 2014.01.30 10:45  

Hi hodhabi,

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

Thank you

Vitalie Postolache
11958
Vitalie Postolache 2014.01.30 11:54  
It has no action programmed for TradeType = 0, so can use only 1 and 2.
MQL4 Comments
16319
MQL4 Comments 2014.01.30 12:06  

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

rossiya
25
rossiya 2014.01.30 18:41  
Price lies...
Fernando Carreiro
2236
Fernando Carreiro 2014.01.30 19:01  


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
74
heao 2014.01.31 07:13  
You need to test on the day timeframe with every tick.
heao
74
heao 2014.01.31 07:21  
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
74
heao 2014.01.31 07:22  
evillive:
It has no action programmed for TradeType = 0, so can use only 1 and 2.

Correct.
heao
74
heao 2014.01.31 07:25  
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
74
heao 2014.01.31 07:27  
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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