scalpmaster

Can you proved a link to the video?

 

Video deleted. If anyone can code it, it can be verified.

This is a longer term trend approach in order to capture bigger trends such as euraud, eurcad that last nearly a quarter so waiting for a few days to a week close higher for trend confirmation is ok. X days, Y days are flexible user inputs so you can test other variables even if the video(somewhere) is not correct..

Came across a video that showed good backtest results when buying/selling majors fx pairs after 6 consecutive closed up/down days and exit based on same rule.

Can a simple EA be created to verify this?

i.e. Enter Long/Short on closed after X consecutive days of daily bar closed higher/Lower

Exit after Y consecutive days of daily bar closed lower/higher.

How do you open/setup VPSconsole with ipad?

I was wondering if anyone could create this simple trade management EA...

 

I'll manually open the first order for any chosen pair.

 

If the trade goes against me:

The EA will have the option of letting user input an initial stop loss for original lot at X pips away

OR

Average down [N X previous] lot size at every distance [R x Dprevious] pips further,,, up to M times

where N is the factor to set lower or increase or equal=1 lot sizes

and D=user input value & Dprevious is calculated based on last D interval space in pips,

R is the factor to increase or decrease or set equal=1 previous interval spacing...

 

When the trade is positive (from total lots average level or just the original lot size entry):

As soon as I reach a profit of Y pips, the EA will close/take profit of HALF the total lots I have(rounded), move the stop for the rest of the lots to Breakeven,

and once i have another Z pips of profit (from Y pips), stop will move again to lock K pips...

and jump stop will continue to lock K pips if price continues to move another Z pips further in profit...

 

There are a few generic Large MM EAs but with too many uncertain parameters settings and none can do exactly what is stated above...

 

Appreciate any help from coders...Thanks.

Any programmer interested to code this price action method?

 

Input parameters: Xtrades, Ywins, Alots, Kpips, Rcount, Jfactor

 

Start by entering virtual or smallest 0.01lot, both Long and Short positions for eur/usd Simultaneously, with 'mindset' profit target = 'mindset' stop loss = Kpips (could be based on 5minATR value & at least 15pips).

 

Price Block/Stage Condition (unlike individual candlestick which is based on time blocks/intervals):

 

If out of latest X no. of trades or less, Y no. of wins appears(in any order) for longs (note:Ywins may occur even before all Xtrades), enter real Alots Long only position (& close 0.01lot short). Otherwise, enter real Alots Short only position (& close 0.01lot long).

e.g. Xtrades=5, Ywins=3, Alots=0.1lot, Kpips=15pips

(Out of last 5 trades or less, 3 long wins appears of any order) ->enter 0.1 lots Long only

Otherwise (i.e. Out of latest 5 trades or less, 3 short wins appears of any order), -> enter 0.1 lots Short only.

 

Continue trading Alots, in the same/one direction Only, until current stage/block condition reverses.

i.e. If currently long only, when (latest 5 trades or less, 3 short wins of any order) appears, close long positions & switch to Short Alots only.

If currently short only, when (latest 5 trades or less, 3 long wins of any order) appears, close short positions & then switch to Long Alots only.

 

*Note: You do not need to actually close and re-open any Alot position at 'mindset' Kpips (1) within a Stage (just keep count of longs/shorts wins&losses ) AND (2) if each stage's end condition still wants to trade in the same direction (just leave the existing real Alot open) Until/Unless there is a switch, then close(actually take profit or cut loss finally) and open trade real Alot in Opposite direction immediately.

 

Rcount = total number of actual Closed trades, Jfactor=lot size changes parameter in fractional%, e.g, 0.2

If there is a Net Profit after Rcount, trade with increased Anew=(1+J)*Aprev lots; Otherwise, if there is a net loss after Rcount, trade with decreased Anew=(1- J)*Aprev lots.