Need EA coded for the community
forex_trader_33781
Member Since Apr 11, 2011
202 posts
Apr 16, 2011 at 20:27
I have a system that needs to be converted to an EA. I cannot program MQL and have tried Expert Advisor Builders but none have the ability to code the SLs and TPs like the system needs. Probably the most complex part of the EA is the SLs and TPs.
Overall though, it is quite simple and the rules for conditions, entries, and exits can be described in less than 3 lines.
I cannot afford to pay a programmer, so I am asking any coders in the community to volunteer. The EA is to be made available for FREE to all members. I think the system is interesting and worthy of an EA. Personally, I am not a 'believer' in robots but this EA would basically trade as if you were present.
Send me a message if interested. After the EA is coded it will be attached here for all to use freely.
Overall though, it is quite simple and the rules for conditions, entries, and exits can be described in less than 3 lines.
I cannot afford to pay a programmer, so I am asking any coders in the community to volunteer. The EA is to be made available for FREE to all members. I think the system is interesting and worthy of an EA. Personally, I am not a 'believer' in robots but this EA would basically trade as if you were present.
Send me a message if interested. After the EA is coded it will be attached here for all to use freely.
Apr 17, 2011 at 11:08
Hi Sean,
I am a MQL developer and I undertake community / open-source projects in my free time. It might be worth considering your ideas / system if rules must be clear cut and logically represented.
Drop me a line at adheer@finstudio.in
Cheers,
Adheer.
I am a MQL developer and I undertake community / open-source projects in my free time. It might be worth considering your ideas / system if rules must be clear cut and logically represented.
Drop me a line at adheer@finstudio.in
Cheers,
Adheer.
forex_trader_27988
Member Since Jan 26, 2011
1367 posts
Apr 19, 2011 at 23:17
Splexin posted:
Overall though, it is quite simple and the rules for conditions, entries, and exits can be described in less than 3 lines.
I cannot afford to pay a programmer, so I am asking any coders in the community to volunteer.
The EA is to be made available for FREE to all members.
I think the system is interesting and worthy of an EA.
Personally, I am not a 'believer' in robots but this EA would basically trade as if you were present.
Send me a message if interested. After the EA is coded it will be attached here for all to use freely.
define member.
forex_trader_33781
Member Since Apr 11, 2011
202 posts
Apr 21, 2011 at 23:26
(edited Apr 21, 2011 at 23:28)
Member as in you and anyone else on this site.
It has already been coded and tested as unprofitable. Has low maximum drawdown (<10%) but still only rakes in a $2,000 on a $10,000 account over the span of a year or longer. We are continuing testing to see if we can increase profitability, i.e. grouping profitable trades to see if we can align them to another condition.
It has already been coded and tested as unprofitable. Has low maximum drawdown (<10%) but still only rakes in a $2,000 on a $10,000 account over the span of a year or longer. We are continuing testing to see if we can increase profitability, i.e. grouping profitable trades to see if we can align them to another condition.
forex_trader_27988
Member Since Jan 26, 2011
1367 posts
Apr 22, 2011 at 08:46
Splexin posted: It has already been coded and tested as unprofitable.
no way.
forex_trader_33781
Member Since Apr 11, 2011
202 posts
Apr 22, 2011 at 17:04
zzzero posted:Sounds like you have a pessimism complex. Hate to rain on your parade but yes it has.
Splexin posted: It has already been coded and tested as unprofitable.
no way.
I went ahead and attached the working version for you to see for yourself. Trades on Daily Chart and tested on EUR/USD.
Apr 22, 2011 at 18:30
A pessimism complex, LOL. Not sure Ed is a pessimist.
I ran a 10 year backtest with best precision and indeed it's not the holy grail of systems. Finished at 95%.
If the idea is indeed 3 lines, you could share it here and see if someone will code it for you.
I ran a 10 year backtest with best precision and indeed it's not the holy grail of systems. Finished at 95%.
If the idea is indeed 3 lines, you could share it here and see if someone will code it for you.
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
forex_trader_33781
Member Since Apr 11, 2011
202 posts
Apr 22, 2011 at 18:39
(edited Apr 22, 2011 at 18:45)
speki posted:Every thread needs humor 😁
A pessimism complex, LOL. Not sure Ed is a pessimist.
I ran a 10 year backtest with best precision and indeed it's not the holy grail of systems. Finished at 95%.
If the idea is indeed 3 lines, you could share it here and see if someone will code it for you.
OK. Here are the rules:
LONG- previous candle close > 50-SMA. Entry point <=61.8% Fibonacci level of previous candle. Stop loss = 25.0% Fibonacci level of previous candle. Take profit = lesser of SL x 2 or 5-period ATR.
SHORT- previous candle close < 50-SMA. Entry point >=25.0% Fibonacci level of previous candle. Stop loss = 61.8% Fibonacci level of previous candle. Take profit = lesser of SL x 2 or 5-period ATR.
Only one trade (or none at all) per day allowed, regardless of win or lose. If previous candle is bearish in a bullish zone (above 50 SMA), then no trade today. Vice versa for the bearish zone. Trade lot size is fixed (only 0.10 in the EA, but I have tried it with standard size and it works better), but I think ratio sizing would probably be more efficient.
Perhaps that's more than 3 lines but it depends on the width of your monitor 😄
forex_trader_33781
Member Since Apr 11, 2011
202 posts
Apr 22, 2011 at 18:43
(edited Apr 22, 2011 at 18:48)
See attached example I wrote out for the coder. Excuse the messy writing, I was using my mouse.
😀
As you can see, an order would not have been placed 'today' because it did not retrace to our entry price. Had it hit our price, the TP would've been 107 pips since that is the ATR and it takes precedence over the SL x 2 rule, which would've made the TP 120 pips. Had we hit our entry price we would've also hit our TP for the day....107+ pips!
😀
As you can see, an order would not have been placed 'today' because it did not retrace to our entry price. Had it hit our price, the TP would've been 107 pips since that is the ATR and it takes precedence over the SL x 2 rule, which would've made the TP 120 pips. Had we hit our entry price we would've also hit our TP for the day....107+ pips!
Apr 22, 2011 at 19:18
Please have a look at the Insert menu of your Metatrader. You can put text labels and many other things on the chart.
Also, I think you swapped the long and short entry levels? Long at 61.8%? It's at 25 % on the chart.
Well this is fairly simple, shall I say almost mechanical, not sure why none of the MQL geeks came up with a profitable EA?
But since it should be traded on the daily, you could put in the limit orders once a day manually, if you're sure it's profitable.
Anyway, thanks for sharing, may I offer a few other, non-profitable EAs in return? 😁
Let's see if any of the coders will be interested in this idea!
Also, I think you swapped the long and short entry levels? Long at 61.8%? It's at 25 % on the chart.
Well this is fairly simple, shall I say almost mechanical, not sure why none of the MQL geeks came up with a profitable EA?
But since it should be traded on the daily, you could put in the limit orders once a day manually, if you're sure it's profitable.
Anyway, thanks for sharing, may I offer a few other, non-profitable EAs in return? 😁
Let's see if any of the coders will be interested in this idea!
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
forex_trader_33781
Member Since Apr 11, 2011
202 posts
Apr 22, 2011 at 19:41
(edited Apr 22, 2011 at 19:42)
speki posted:Ah, thank you for pointing that out. I was kind of in a hurry and didn't even think of using the text labels 😁
Please have a look at the Insert menu of your Metatrader. You can put text labels and many other things on the chart.
Also, I think you swapped the long and short entry levels? Long at 61.8%? It's at 25 % on the chart.
You're right about me inadvertently switching the entry points!
It's suppose to be--
LONG- previous candle close > 50-SMA. Entry point <=25.0% Fibonacci level of previous candle. Stop loss = 61.8% Fibonacci level of previous candle. Take profit = lesser of SL x 2 or 5-period ATR.
SHORT- previous candle close < 50-SMA. Entry point >=61.8% Fibonacci level of previous candle. Stop loss = 25.0% Fibonacci level of previous candle. Take profit = lesser of SL x 2 or 5-period ATR.
😄
speki posted:Only one coder worked on it. At first it was horrible but improved when we made 'one trade/day or none' rule. We discussed grouping the profitable trades to see if they would correspond with a RSI or Stochastic etc
Well this is fairly simple, shall I say almost mechanical, not sure why none of the MQL geeks came up with a profitable EA?
But since it should be traded on the daily, you could put in the limit orders once a day manually, if you're sure it's profitable.
Yes, the system is designed to be traded manually, I was just curious how it would perform as an EA.
Basically you spend 10-15 minutes a day max looking at charts, then either place limit order or stay out for the day.
Number of winners and losers are 'supposed' to be 50/50, with the size of winners larger. Huge gains are not a priority of this system. It's generally meant to be a quick and effortless way of gaining about 10-15% a month.
Apr 22, 2011 at 19:47
Ok, let's wait and see if there's a coder around who's willing to give it a try.
LMAO. I'd be happy with a quick and effortless way of gaining only about 5 % a month.
Anyway, what position sizing do you recommend?
Splexin posted:
It's generally meant to be a quick and effortless way of gaining about 10-15% a month.
LMAO. I'd be happy with a quick and effortless way of gaining only about 5 % a month.
Anyway, what position sizing do you recommend?
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
forex_trader_33781
Member Since Apr 11, 2011
202 posts
Apr 22, 2011 at 19:57
(edited Apr 22, 2011 at 19:59)
speki posted:😁
Anyway, what position sizing do you recommend?
Well, the position sizing should be set according to your own money management rules. But a good risk/reward rule for this system is to only trade ten times your account balance (balance, not equity).
So if you have a $10,000 account then you would trade 1 lot on every trade, $20,000 then 2 lots, etc. For experimentation and testing purposes it's good to start out with 0.10 position sizes just to get an idea of how it works.
It is designed to be used on the EUR/USD, GBP/USD, USD/JPY, and AUD/USD, in that order.
Have only tried it thoroughly on the Euro.
Apr 22, 2011 at 20:05
Aren't we talking about this EA?
https://forum.mql4.com/40327/page2
Sorry I'm off to have an excellent Friday night now, don't have time to read all 3 pages there, but it seems it's exactly your system and they sorted it out.
laters
https://forum.mql4.com/40327/page2
Sorry I'm off to have an excellent Friday night now, don't have time to read all 3 pages there, but it seems it's exactly your system and they sorted it out.
laters
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
forex_trader_33781
Member Since Apr 11, 2011
202 posts
Apr 22, 2011 at 20:28
speki posted:Yes, that's right. I already said it had been coded and tested unprofitable. 😁
Aren't we talking about this EA?
https://forum.mql4.com/40327/page2
Sorry I'm off to have an excellent Friday night now, don't have time to read all 3 pages there, but it seems it's exactly your system and they sorted it out.
laters
Apr 22, 2011 at 20:36
Aight, peepingtom. I can't help you with the code, but lemme ask - how did you get that supposed monthly 10-15% profit figure? Where's the system from anyways?
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
forex_trader_33781
Member Since Apr 11, 2011
202 posts
Apr 22, 2011 at 20:43
speki posted:I got the figure from someone who has actually traded the system live. The system came from a former bank trader, and as far as I know you can't find it online anywhere (?).
Aight, peepingtom. I can't help you with the code, but lemme ask - how did you get that supposed monthly 10-15% profit figure? Where's the system from anyways?
Apr 22, 2011 at 21:04
I swear to God I've recently read about a 'former bank trader' who shared his manual system here. Too lazy to start sievin thru the posts. You could've saved us all some time Sean if you tell the whole story. Why did that other chap call you Sean anyway? I don't see 'Sean' anywhere in your profile or here in the thread.
Ah, nevermind. Lenka's second album just came out,it's fuckin genius. Don't miss it. She's my astro twin by the way. Not that you'd care LOL.
Ah, nevermind. Lenka's second album just came out,it's fuckin genius. Don't miss it. She's my astro twin by the way. Not that you'd care LOL.
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
forex_trader_33781
Member Since Apr 11, 2011
202 posts
Apr 22, 2011 at 21:22
speki posted:I actually hesitated in saying 'former bank trader' because all the systems seem to come from 'former bank traders,' when we ALL know that's a bunch of baloney. I got the system by word of mouth offline, that's the whole story. So I don't know who or what or where exactly it came from. I know it hasn't been shared here already though.
I swear to God I've recently read about a 'former bank trader' who shared his manual system here. Too lazy to start sievin thru the posts. You could've saved us all some time Sean if you tell the whole story. Why did that other chap call you Sean anyway? I don't see 'Sean' anywhere in your profile or here in the thread.
I had Sean as part of my username but then just decided to keep it all Splexin. Sounds cooler 😄
Lenka almost looks/sounds like Katy Perry 😁
forex_trader_27988
Member Since Jan 26, 2011
1367 posts
Apr 29, 2011 at 19:59
speki posted: LMAO. I'd be happy with a quick and effortless way of gaining only about 5 % a month.
sell crack.
