Conor Mcnamara / Profilo

extreme risk is not a bad thing if the deposit meant nothing to you, and the fact of trading is that higher risk will always give a more fruitful profit over time. But I see so many EAs with no fail-safe features.
For example, let's say the user wants to take really high risk, and the account gained 30%. At least then you could implement a fail-safe where the deposit is protected and the EA can't fall below the original deposit after a certain account gain is reached. I coded these deposit protection features, because it's not logical to allow the expert to blow the account at a late point. It's very easy to code these things, there's no excuse not to have money management

In your EAs, do you create a time window for trading? or do you let the EA trade all hours and all sessions? and if you do create an hourly trading window, which hours do you let the EA trade?

small backtest on the time where real ticks were available, this is trading on H1 chart with the trend following indicator on H12. Possible overfitting, and will not always be smooth. this is why we need either to supervise at times or else automate risk management such as a drawdown controller

some small discovery in mtf trend following indicators if anyone is interested

M5 chart timeframe likes the indicator to look at M15 or M20 for short term scalping

M20 chart timeframe likes the indicator to look at H8 for swing trades

H1 chart timeframe likes the indicator to look at H12 for swing trades

using the two-stage entry concept on M5 chart with the trend following indicator looking at M15 (MTF). Drawdown is 1%

because of the fact that indicator signals can sometimes be false, I developed a concept where the quality of the signal is first tested by the EA with 0.01 micro lot size before it executes a normal sized position (based on a risk % of the account). The PnL of the 0.01 lot size trade is examined... if the position was profitable, it makes another trade with bigger volume, if the position was unprofitable, it could mean that the indicator signal was false. This proved to be good in backtest. Instead of performing surgery on a weak trade, this basically pinpoints bad entries and cancels them

Russian roulette level risk and small take profit

I automated Ron Blacks "Swing line" to do scalping on the H1 timeframe, and on backtest for 2024 it gave very impressive statistics when combined with ADX trend strength. But in 2025, the results are poor surprisingly. I wonder why that is

How do people think they published a safe and profitable EA when it doesn't use stop losses and allows equity drawdown to to continue over 50%? There isn't always a correction in markets so the money will be lost, and there will be a margin call. Shame on people purchasing pricey EAs from idiots

"The road to hell is paved with good intentions"

https://www.mql5.com/en/code/87 this is a clever and elegant indicator which measures volume pressure, it's a unique idea, it compares the live tick volume on each current bar to the average volume of the entire series and compares percentages of volume

I don't need to use AI for coding, but could you argue that if AI isn't helping you, then it is not a fault with AI but rather the fact that your prompt isn't reasonable enough? Maybe I'm way off I don't know

Codice pubblicato Trendline zigzag in qualitative channel

Good evening

longterm signals by changing the slope confirmation from 0.01 to 0.03

The MagZag is here. Download a copy and toy with it!

this is now doing an impressive job of providing harmony and clarity in chaotic sideways market zones that make no sense with a moving average

I'm building a brand new Zigzag which, once again, has instant trend detection and no delayed legs. No bar confirmations are needed in confirming the swings, and the legs always end at the current live bar.

How it works:

- It is guided by an MA trend, therefore there is no traditional ZigZag operation, as a moving average slope provides instant trend direction.
- The whipsaws and false signals you find in a moving average are completely ignored by two filters:
A traditional point deviation filter (comparing the previous swing to the current swing price).
An MA slope point confirmation filter, to bypass short, inconsequential moving average trends.
- A backstep is used so that the leg is constantly seeking the highest price (on a peak swing search) or lowest price (on a bottom swing search).
- If the moving average trend changes to mark a shift in the market, the leg does not need to alter the swing location at the point of the trend change if it already found a higher or lower price a few bars before.
- Keeping the backstep small keeps the swings in tune with the trend while never veering too far from the live moving average trend.
- A forward step is also implemented, but it's actually unnecessary as it would correct the Zigzag forward - and then it would be after the fact.

The zigzag I constructed here is very similar to the one I made for the Parabolic SAR indicator, but this one is more sophisticated, with both deviation and backstep logic.

It's definitely one of my more advanced codes. While it may not always capture the truest peaks and bottoms down to the end of candle wicks, it provides high-quality turning points, as can be seen in the screenshot.

last night I wanted to test mean reversion on the new VWAP indicator I published in the codebase. After noticing a support, I expected the market to move up and retreat to VWAP, so I set the TP to the VWAP price at that time. Both trades hit the TP at 4am GMT+3