HELP me creating my idea to an EA...

[ling2ari]

Please help me...

I need help to make a simple EA that is based on these...

An EA that will open a trade (BUY/SELL) in M15 timeframe when :

- ADX rises between level 20 & 40

- and the price is minimum 5 pips away from the nearest support level (for BUY) / the nearest resistance level (for SELL)

- and the price is minimum 20 pips away from the nearest resistance level (for BUY) / the nearest support level (for SELL)

 

I mean just like this :

[spoiler=...need to make an EA...]http://i46.tinypic.com/21ozinl.gif

 

 

Here are the attachement files :

- Pivot Multitimeframe

h*ttp://ww*w.4shared.com/file/FtX-z8Qb/Pivot_Points_Multitimeframe.html

- ADX (value 14, level 20 and 40)

Edited June 23, 2010 by ling2ari

[chrisbenjy]

A good way to learn MQL is to read this:

 

http://articles.mql4.com/404

 

then read this:

 

http://www.mql4.com/files/MQl4BookEnglish.chm

 

And improve your skills by creating a simple EA first and then expanding it and increasing the complexity of it, until you are competent enough with MQL to make your EA.

[soundfx]

Hi ling2ari,

 

As it takes a fair bit of effort to create an EA, I think folks here would be reluctant to create one on the info. you've given.

 

If, however you've been trading this system live for some time and it's consistently profitable and you need an EA to avoid monitoring the markets, then it's an EA well worth developing.

 

I believe that using support and resistance is the secret to creating decent EAs that can stand the test of time and use sensible risk/reward, so I can see this system working quite well, though it's much better if you can give us an idea of how well it's been working for you when manually trading.

[ling2ari]

My basic trading system is simple...

I place 4 & 9 SMA to the chart, then when 4 SMA crosses 9 SMA WITH :

- price is minimal 5 pips away from the nearest Support level (for BUY condition) / from the nearest Resistance level (for SELL condition)

- price is minimal 20 pips away from the nearest Resistance level (for BUY condition) / from the nearest Support level (for SELL condition)

- and ADX must be RISE above 20 but below 40

 

That is what I do in my manual trading, so I want to make an automatic EA than can handle this system. Please, I need it.

[chrisbenjy]

Sorry to sound mean, but I learned to code MQL in 4 days so I could build my own EA, and thats what you should do. If we make you one, then what happens if you need another one when you discover you no longer like that EA? It really isn't a complicated language to learn.

 

Whereas, if you learn to code then whenever you need a new EA you can create one. Therefore learning to code yourself is more beneficial than getting an EA made for you.

 

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

 

Moreover, you haven't told us whether the strategy is profitable or not. We might spend several hours making you an EA, then you spend 2 minutes doing a back test, find out it's not profitable and then never use it again.

 

To be honest, I would not really mind making you the EA, if you had more posts and your first post wasn't begging someone to make you an EA. The fact that I am writing a whole essay demonstrates how selfish and ignorant your first post was. In my opinion, you will never visit the forum again once you get what you want, so become an active user and people may take you more seriously.

 

P.S. You say how you use this strategy in your manual trading. If you want me or anyone else to help you then I would suggest posting a statement up here.

 

Chris

[ling2ari]

Sorry to sound mean, but I learned to code MQL in 4 days so I could build my own EA, and thats what you should do. If we make you one, then what happens if you need another one when you discover you no longer like that EA? It really isn't a complicated language to learn.

 

Whereas, if you learn to code then whenever you need a new EA you can create one. Therefore learning to code yourself is more beneficial than getting an EA made for you.

 

 

 

Moreover, you haven't told us whether the strategy is profitable or not. We might spend several hours making you an EA, then you spend 2 minutes doing a back test, find out it's not profitable and then never use it again.

 

To be honest, I would not really mind making you the EA, if you had more posts and your first post wasn't begging someone to make you an EA. The fact that I am writing a whole essay demonstrates how selfish and ignorant your first post was. In my opinion, you will never visit the forum again once you get what you want, so become an active user and people may take you more seriously.

 

P.S. You say how you use this strategy in your manual trading. If you want me or anyone else to help you then I would suggest posting a statement up here.

 

Chris

 

I am sorry that I am newbie here...ok, this is my test of this simple trading system so then I want eagerly to make this system to be an EA...sorry to arrange it on gif format as tinyurl not allowed another file format to be uploaded.

[spoiler=Trading test result]http://i46.tinypic.com/25f3mf4.gif

 

 

I am not computer based person so I don't have any skill (even less) in mq4, i just prefer to test and test trading system...but if no one can help me, it is ok...:)

[soundfx]

Hi ling2ari,

 

Your manual trading results certainly look good and well worth creating an EA for.

 

However, you'll need to give us a bit more detail before an EA can be made.

 

Specifically, the what are your rules for entering and exiting trades ?

 

These need to be something precise which can be coded. I notice that your stops vary from around 30 pips to 130 pips, so I assume that you're placing these at previous swing high/low S/R levels or something similar ? You'll need to let us know the exact rules you use in placing stops.

 

Also I noticed a trade where the stop had been moved to breakeven. Under what conditions should a stop be moved to breakeven ?

 

As for the exits these are variable too, so you must be setting your targets based on a particular combination of ADX and S/R levels ? Again these need to be defined more precisely.

 

If you can provide those details, I'm sure that one of the EA experts here will be interested in creating one.

[chrisbenjy]

Also, if you could tell us the times you want it to trade and whether you want to stop trading during news. If you use the quote box below as a template then it should include most of the information we need.

 

Open long rule:

Open short rule:

stop loss:

take profit/trailing stop/break even levels:

Optional exit strategy (Besides Take profit level):

Money management (e.g. risk per trade. Also determines lot size):

Trading times:

Trade during news:

ECN broker:

 

I might have missed somethings, so if you have other information that is relevant then include it.

[ling2ari]

As I have wrote before, here are the steps...

 

I place 4 & 9 SMA to the chart, then when 4 SMA crosses 9 SMA WITH :

- price is minimal 5 pips away from the nearest Support level (for BUY condition) / from the nearest Resistance level (for SELL condition)

- price is minimal 20 pips away from the nearest Resistance level (for BUY condition) / from the nearest Support level (for SELL condition)

- and ADX must be RISE above 20 but below 40

 

Then when all conditions are fullfilled, I will open a trade, with SL 30 pips for EURO/50 pips for GBPUSD. But on that test, I try to use SL behind the Support level (for BUY) / the Resistance level (for SELL)

When I have get 20 pips for Euro/30 pips for GBPUSD, I prefer to move SL to BEP.

[soundfx]

Hi ling2ari,

 

Thanks for expanding on your use of stops, however we still don't have an exit rule. We need to give the EA some conditions of where to exit the winning trades.

 

We also need some clarity on your definition of "price is minimal 5 pips away", I've assumed that what we're doing here is trading the "bounce" off S/R levels - so a range of 5-10 pips would probably work.

 

Here's chrisbenji's template with some of my own interpretations in there where information is missing (please can you confirm that these are correct):

 

Open long rule:

Bounce Long:

4SMA Crosses up through 9 SMA on close of 15M candle

ADX is rising and > 20 but < 40

Current Price is 5-10 pips from nearest Support level

 

Standard Long:

4SMA Crosses up through 9 SMA on close of 15M candle

ADX is rising and > 20 but < 40

Current Price > 20 pips from nearest Resistance level

 

Open short rule:

 

Bounce Short:

4SMA Crosses down through 9 SMA on close of 15M candle

ADX is rising and > 20 but < 40

Current Price is 5-10 pips from nearest Resistance level

 

Standard Short:

4SMA Crosses down through 9 SMA on close of 15M candle

ADX is rising and > 20 but < 40

Current Price > 20 pips from nearest Support level

stop loss:

Default 30 pips for EURUSD

Default 50 pips for GBPUSD

Option to set Dynamic Stop Loss:

2 pips below Support level for Buy

2 pips above Resistance level for Sell

 

take profit/trailing stop/break even levels:

Buy target is next resistance level

Sell target is next support level

If 20 pips in profit on EURUSD set stop to entry+spread

If 30 pips in profit on GBPUSD set stop to entry+spread

 

Optional exit strategy (Besides Take profit level):

None

 

Money management (e.g. risk per trade. Also determines lot size):

Allow fixed lot size or % of account equity

 

Trading times:

Main hours - 6am - 10pm GMT

 

Trade during news:

Yes

 

ECN broker:

Not needed

Edited June 27, 2010 by soundfx

[freddy]

hi everyone,

 

funny, but it looks like ling2ari's system is Trend eater.

or should we say?Trend eater is a copy of ling2ari'system! lol.

 

 

 

http://indo-investasi.com/search.php?searchid=141326

 

 

http://www.beatforex.110mb.com/html/trend_eater.html

 

 

 

look at "the best test result" link, it's the same statement posted before.

http://www.beatforex.110mb.com/DetailedStatement.htm

 

 

ling2ari, could you share the whole system,

Thanks

 

F.

Edited June 27, 2010 by freddy

[favoured111]

Sure it is. Please share the whole system here for us with manuals. This is trend Eater.

 

Thanks

[ling2ari]

I don't know...I just get this manual from my friend and test it with him...he says that his trading system has a high probability...but he doesn't give me all about that system...so is it means that i already have what you say trend eater? And my friend is the author? Edited June 29, 2010 by ling2ari

[favoured111]

ling2ari ,

 

post your system here with indicator and manual, we can get them to an EA. thanks

[syk1kz]

ling2ari ,

 

post your system here with indicator and manual, we can get them to an EA. thanks

 

wont happen, i notice he has now dissapeared as per Chris's original post, what a surprise, maybe requests section can be locked for newbies, and requesting in non request section = instaban