Hello,
I started thread: https://www.forexsoutheast.asia/fore...36-trades.html
but I thought it might be better to begin new thread.
About 6 months ago I've created for myself EA according to this method. For 2 months I had been in process of analyzing it because of lack of time (two small women I've never finished and for this reason I've deceided to share this EA, perhaps you've got enough time to test it and could tweak it according to your opinions. I need to understand where EA trades differs comparing to method. EA works needs some tweaking.
Few words about EA:
Entry:
Utilizes original entry requirements for MACD, Laguerre, Stochastic and Pivot.
EA does not consider Bolinger Bands
Exit:
closes place on MACD crossover or
Stop Loss or
Take Profit - that is set to closest Pivot resistance or service. If pivot point that is closest is closer than 2 * SL selects one.
Parameters:
Lots - clear
StopLoss - (I use 5 digit broker so default SL is 200. For 4 digit use 20)
TrailingStop - (for 5 digit broker advoed is 300. For 4 digit use 30)
UseTailingStop
SetTakeProfitOnPivots - if true sets Require Profit on closest Pivot resistance or service
TakeProfit - for 5 digit broker recommended value is 500. For 4 digit - 50
UseTakeProft - Enables TakeProfit alternative, has higher priority than SetTakeProfitOnPivots, therefore if both are true SetTakeProfitOnPivots is discounted.
MaxSpread - Max disperse for trading (advoed 100 for 5digit, 10 for 4digit brokers)
TradeOnNewBar - if true opens positions only on new bar
ShowPopUpWindows - disables pop-up alert, sound remains busy
UsePivotsForEntry - place false if you would like to ignore Pivots
UseEMAForEntry - price needs to be above or under EMA60 and EMA200 for market or buy
Files - replie them to apropriate directories:
/experts/indiors - AutoPivot.mq4, Laguerre-ACS1. Ex4, MACDTraditional.ex4, StochHistogram.mq4
/specialists - Scalpel.mq4
/templates - scalpel.tpl
5min_trade_egy_imransait_ver1.2.pdf - egy documentation
Important information:
EA can be used on different timeframes within platform, but you can not mix pairs. If you would like to test it on differen pairs you need to open new window. This EA was not tested on pair than GBP/JPY.
EA can be used as signal alert - just don't signal box Allow live trading. To turn off alarms un-tick box Empower alerts
Joyful analyzing and trading
Daniel
Update version 1.23 25.08.2009
Changes:
Added TakeProfit and UseTakeProfit parameters - in case UseTakeProfit is untrue utilizes standard TP amounts as described in 1st post. If collections TP to TakeProfit parameter.
Added ShowPopWindows parameter - if fictitious pop-up windows wont't open, includes close commerce. Sound alarm is obviously busy
Ver. 1.24 26.08.2009
Added alternative UsePivotsForEntry
Ver 1.26 26.08.2009
Added SetTakeProfitOnPivots parameter
Added UseEMAForEntry parameter
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