chrisbenjy

Hi sillykiddo,

 

Thanks for the offer. The formula was in my other post, however here it is in more detail:

 

Monthly Lines are calculated in the same way as Weekly:

pMonthHigh = iHigh(NULL,PERIOD_M1,1)

pMonthLow = iLow(NULL,PERIOD_M1,1)

MonthOpen = iOpen(NULL,PERIOD_M1,0)

SoundFX, Isn't PERIOD_M1 1 minute tf? I think monthly is PERIOD_MN1.

The backtest modelling quality isn't good. The massive loss at the end, is that because it was the end of the backtest so all open trades were liquidated?

Lol that loss is quite funny. Opens a trade in 2006 and it blows the account over a year later.

Anyway, here is version with SL. If you have fractional pip broker then times the SL by 10 like all the other variables. If you don't want to use a SL then set it to 0.

hxxp://www.4shared.com/file/1xYxHBdX/Annajah_Forex_Pilot_V1_SL.html

you can sort the EAs by profit_factor or drawdown and that's great

The only drawdown to this is that the back test's are created by the author and other people who have used the EA, but they are usually very specific periods. So that suggests that anything outside this period will lose.

Thanks for the share Kraven.

I haven't tried any so I don't know if their good (some of them should be). However, this site can help a lot with learning to code MQL because it shows the source code of each EA/Indicator. You can use them if your stuck trying to code something, you can look at them and try to find a solution to your problem.

The real problem on these threads is that people want to be spoon-fed with the system, TF, what it is in their time zone, where the indicators are etc, etc, etc.

I agree, if someone see's someone is successful with a strategy they want to be spoon fed in order to imitate exactly what the other person is doing. But, this wont work, what works for one person doesn't for another, and the reason they are successful is because of the experience they have and the trial and error research they did while creating the strategy, which cannot be taught.

95% of traders fail. Of these traders, most of them are using mechanical systems created by others. System's which can be operated by a brain dead chipmunk.

If you want to be in the 5%, trade without a system (Not to be confused with trading without a plan). Don't just short because an indicator turned red or go long because it's green. Use price action.

See, Conglo knows it. I wish you good luck Conglo.

Take your trading money , minus enough for 1 case of beer. Flush the remainder along with any self esteem down the shitter and enjoy your case of beer. Wake up in drunken fog and pray your time in forex was just a bad dream. Best forex advice you will ever get.

You forgot hooker money :P

Maybe try to find some points that you think price will reverse/retrace and make a new swing high/low and trade it with an increased lot size. Your going to need to be very accurate or else your going to bury yourself in a bigger hole. Try elliot wave to find accurate points. Each trade that wins, close part of your original hedge trade that equals the amount you gained in profit from the swing trade.

I wouldn't recommend doing any of this, but it is an option. The real solution to the problem was to monitor you original exposure so that this situation never occurs.

HOW TO BECOME A MILLIONAIRE IN LESS THAN 2 YEARS

 

great marketing idea but bad for traders tells us how many ea's has been sold so far.

you have to be scammer to make million

Great motivational talk for the members here. Just because your having a down time doesn't mean you can bring everyone else down.

chrisbenjy,

 

That would probably work if I was writing text objects to the screen, but I'm using the Comment() function for simplicity. I may have to code it text objects and see what happens.

 

smurf43,

 

Changing timeframe appears to clear the duplicates, though flicking through several timeframes occassionaly shows a single duplicated block on the screen - very odd.

try putting

comment("");

in the deinit function.

Hmmm - I've just spotted a small bug and I'm not sure how to fix it.

 

If you have the scan indicator on a chart and close MT4 and then re-open it, the chunk of trending pairs text is duplicated all down the page.

 

Until I work out how to fix it, just delete and re-attach the indicator if you have this problem.

Give the text labels or whatever your using a prefix, such as "[WATER]" without quotes. Then in the de initialise function put this:

int obj_total= ObjectsTotal();
  
  for (int i= obj_total; i>=0; i--) 
  {
     string name= ObjectName(i);
   
     if (StringSubstr(name,0,8)=="[WATER]") 
        ObjectDelete(name);
  }

This will delete all the labels on the chart when you close it. So the indicator will not duplicate them when you reopen MT4. I think this will fix the problem, not sure though.

Types of trading

* Technical*- Technical trading involves technical analysis, using trend lines and other tools, including indicators to predict where the market will move.

* Fundamental*- Fundamental trading involves evaluating the economy of the countries currency and determining whether it is strong or weak. This includes analysing economic growth, GDP, interest rates, inflation and unemployment statistics.

Thanks for info., however code is not provided only .ex4 files .. so doesn't do much for someone who wants to learn coding.

just search ex4 to mq4 in google, and there's pages of free software that will decompile.

I think I've done it. Not tried it though. I've changed the start up comments to appear in the "experts" tab and I've deleted the other comments.

http://www.4shared.com/file/uTNIbQuz/Quik_Trailing_No_Comments.html

THX raiden!

 

Could anybody post the "Directional Movement System" Indicator?

PLZ

I don't know if your talking about the same indicator, but Average Directional Movement Indicator is an MT4 default indicator so it's already included in MT4.

Also if you are using the 1.6 template you will notice a flickering on the left side of the screen, this is a conflict between the quik trailing EA and the pattern indi both trying to display info in the same location, simply disabling expert advisor's will fix the problem, i only enable it after entering a position so it will set TP/SL or if i want to manually drag the tp/sl lines to somewhere else, then disable it again

Hey syk1kz,

If you want a solution to the problem. Open one of the indicator/EA up in MetaEditor. Press ctrl + f and search for "Comment(" without the quotations. If the word "Comment" is purple then delete the the whole phrase (i.e. delete up until the " ; "), usually this is the whole line. Do this for all the comments. Then press compile.

Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.

If you learn to code then you will benefit more. Whenever you need to create an EA you can do it yourself. You can also create indicators and simplify trading processes with scripts. You could even create your own order management EA.

Learning to code will benefit you a lot more than someone making you an EA.

Suggest at least using a trading simulator like LFH with any strategy, including this one to "backtest".

It will at least give you rough idea of profitability.

What is LFH?

I tried a backtest simulator called Forex Tester, but it is expensive and there are monthly data fee's. The trial version only contains one month aswell, and it's from 2008, which is not very good if you want to keep up with an adapting market. I don't have the money to spend on stuff like this, because it would be just as simple for me to code a quick EA for rough backtesting purposes.

If LFH any good?

Hi guys, for a newbie starting out in trading and with not the greatest of capita, may this system be slightly trickier to profit from?

 

Most brokers that offer micro accounts have extortionately high spreads on exotic pairs, and in order for this sytem to be a success, one would need to analyse more or less all the pairs to find a trend. With smaller accounts stop losses should be lower (considering that you would only risk 2.5%). So if you place an order on an exotic pair you would immediately start with a large deficit (due to the high spread), but also your stop loss would be more likely to be hit quicker in small price fluctuations.

 

Of course you would have to take all this into consideration before placing an order and trade accordingly. But, I am just thinking would having a smaller account hinder your chances of any profit... Or would these high spreads make little difference at all??

 

Thanks alot

On a system like this where you tp and sl is relatively high, spread is not a very big deal. You may want to add the spread to the sl when you place an order just to be safe. Spread is only really a big deal on <M15 tf's and when your scalping.

Have a look at Go Markets if you want competitive spreads on a Micro account and they also offer cents accounts too.

Before you ask us questions: We ask you questions.

How much experience do you have?

How long have you been trading?

Have you ever taught anyone before?

Are you profitable as a trader?

How do you plan to teach people? (Skype, etc)

Thanks.