Experts: No Loss EA - No Indicator, No Price Action strategy for MetaTrader 4 - page 7
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please add trading off option to stop trades after recent trade closes
please add timefilter
please add option automatically modified lot lot/balance
Hi bukzzy01. Here are the mq4 code and ex4 files. To avoid confusion with 'NoLoss' I have re-named them 'MultiTrader'. Please keep in mind that it's still under development, because I add things whenever I get new ideas for improvements. As I write, my balance is now £1740.30 so the good news continues although I am getting a little concerned with the margin level. I am quite an experienced trader and programmer (MT4 only) and I am happy to help wherever I can with advice and/or explanations.
I am sharing the programme files on the strict understanding that they are used without liability to the author. In other words, all risk lies with the user.
Many thanks for your support.
Hi Buckets, thanks for sharing your modified version. Can you add the option to turn off the trend feature (make it optional)?
Hi Nitewings, Here is a version date-stamped 240130 which has the optional trade with trend as requested. There are a few other minor improvements so I suggest that this version should replace all previous versions.
Can you add Auto Stoploss? It could blow your account quickly. Thanks.
Hi Gumz102292, Can you please explain exactly what you are suggesting and I will see if it is possible. Thanks.
Hi Nitewings, Here is a version date-stamped 240130 which has the optional trade with trend as requested. There are a few other minor improvements so I suggest that this version should replace all previous versions.
I have tested the No Loss EA on demo account and have had very encouraging results. I have taken the liberty to add the following to the code. 1) A user-input spread size limit, beyond which it takes no new entries. 2) A user-input "safety net" that sets the minimum equity level. If the equity goes below that, the system closes all the trades and has to be re-started. 3) A user-input decision whether to close on Fridays to avoid a possible weekend gap and if so, at what local time? 4) A user-input decision whether to print all the trade opening and closing reports. I found that all the prints made it difficult to extract the fundamental data for analysis. 5) Modified screen output that shows, amongst other things, the current profit or loss of live trades by the symbol in question. Useful if several pairs are being traded at the same time. I hope that Kommoju Sahityananda Devi is agreeable to these modifications. The substance and principles of the EA are unchanged. I am now running the modified EA on a live account with so far good success. It's still in an early stage, but is anybody interested in the modified version?
Interesting discussion. A very dangerous EA with FIBO marty. I once lost $30K with a strategy like this a few hours after an ECB press conference where Mario Draghi said "we will do whatever it takes (to protect the euro)."
I can't get the multi EA to take more than two trades; but I played around with the original No Loss EA in a way to reduce risk. So start lot size 0.01, max 10 orders (to avoid very large lot sizes) and Distance of 200 pips. Buy Profit 40 and Sell Profit 4. Optimised on AUDUSD over 1Jan 23 to 3 Feb24 on my brokers tick data. (Always use the tick data from broker I trade with since every brokers tick data is different and no point doing BTs on "clean" tick data when we trade with "dirty" tick data feeds.) I then do OOS testing on other pairs all of which have different dynamics. And get reasonable results with these same settings on most of the other ranging pairs like GU, AUDNZD, AUDCAD, EU and even EURNZD and USDCHF. But not Yen pairs. Don't know why, in the optimisation, the best Sell Profit of 4 is so much lower than the Buy Profit of 40 for all of these pairs.
BTs on a $5K account on the H1 timeframe.
@Buckets. Please can you share your modified version.
@Buckets I found the latest version. Testing on Demo Account.
Still getting this error 2024.02.05 13:54:50.101 MultiTrader240130 XAUUSD,M5: zero divide in 'MultiTrader240130.mq4' (134,131) and has not opened any trades as yet
@Buckets I found the latest version. Testing on Demo Account.
Still getting this error 2024.02.05 13:54:50.101 MultiTrader240130 XAUUSD,M5: zero divide in 'MultiTrader240130.mq4' (134,131) and has not opened any trades as yet
Hi DVader23,
Here is the latest version 240131 which is (I think) debugged. Please try it. Cheers.