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I will code your EAs and Indicators for no charge

  • #66,301
  • Edited 5:51am Feb 16, 2024 1:08am | Edited 5:51am
Quoting Vanbasten
Here is the mq4 file of the indicator. Please add various inputs to this indicator {file}
SOT_DOT_6 NEW _V1.0
++ Various Inputs!
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 13 KB
Attached File(s)
File Type: ex4 SOT_DOT_6 NEW _V1.0.ex4   17 KB | 525 downloads
File Type: mq4 SOT_DOT_6 NEW _V1.0.mq4   7 KB | 617 downloads
  • #66,302
  • Feb 16, 2024 1:25am Feb 16, 2024 1:25am
Hi guys, I am working on EA but I am finding some difficulties with the exit strategy and I thought I could find some advice here.

So the system rules are very simple. I am testing on daily and hourly charts for now.
- If the previous candle is green, on the opening of the new candle I am placing a long position with a fixed TP of 20 pips for daily and 5 pips for hourly. No hard stoploss.
- If the previous candle is red, on the opening of the new candle I am placing a short position with a fixed TP of 20 pips for daily and 5 pips for hourly. No hard stoploss.

While testing I added SMA to filter the trades and clarify the trend. For now, I am using 20 SMA on daily and 24 SMA on hourly.

The system is not bad you have almost 90% win rate hit TP. The lack of fixed stop loss allows the order to be open and hit TP even on messy market days.

The problem is the exit strategy. Some trades not going in your favor and even if we don't have a stop loss the price sometimes rallies in the opposite direction. This almost always leads to a huge loss in the end.

I tried a few ways, but none of these looks very promising:

1. I tried with small stop loss 1:1 - it leads to a lot of losing trades that normally go to TP
2. I tried with a huge stop loss of 100-200 pips - It leads to huge drawdowns that are very difficult to recover from.
3. I tried a type of hedging in which if the trade goes in the opposite direction we open a new trade with double the lot size. The problem is that in a ranging market, we can open too many trades and the margin in most cases is not enough. I am testing with a $1000 account.
4. I tried with a total balance % loss, so if we reach a total loss of x% , we close all orders. This again leads to huge losses that are difficult to recover from but is better than just a hard-stop loss with a huge stop loss.
5. The only thing I found better results is working with fixed lot sizes and if I have an order and it goes well we hit TP and then on the next candle we open a new one. If the price goes against us and we don't hit the TP, I am removing the TP and starting to open new orders on each candle with a fixed lot size. Sooner or later the price gets into trend and this leads to more orders in the same direction which leads the total equity to a positive number. I have pre-set for example 10 or 20 pips and then close all orders. This way I am avoiding loss, or at least big loss because sometimes on Daily the swap cuts the profits.

The system performs better with fixed lots, once I start using compounding (lot is % of the balance) this blows out the account.

Let me know what you think and if you have ideas to improve the exit strategy of this system.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 38 KB
Dreams don't work unless you do
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  • #66,303
  • Feb 16, 2024 1:35am Feb 16, 2024 1:35am
Quoting XplosionKibo
{quote} SOT_DOT_6 NEW _V1.0 ++ Various Inputs {image} {image} {file} {file}
Hello XK I did not hear from you again since the last pm I sent those strats, but since no reply guess you must be busy cos you did not even visit this thread for awhile. Have a cool weekend.
  • #66,304
  • Feb 16, 2024 2:41am Feb 16, 2024 2:41am
This indi is not working properly for jpy pairs. Can anyone fix this issue?. thanks
Attached File(s)
File Type: mq4 Imbalance by Blue Rain Button.mq4   49 KB | 428 downloads
Read the chart... Fundies are catalyst...
  • #66,305
  • Edited 4:20am Feb 16, 2024 3:41am | Edited 4:20am
Quoting satheesh
This indi is not working properly for jpy pairs. Can anyone fix this issue?. thanks {file}
Imbalance by Blue Rain Button_v1.0
++ (Minimum pip value, Array out of range) corrections!
Attached File(s)
File Type: ex4 Imbalance by Blue Rain Button_v1.0.ex4   61 KB | 414 downloads
File Type: mq4 Imbalance by Blue Rain Button_v1.0.mq4   49 KB | 540 downloads
  • #66,306
  • Feb 16, 2024 4:29am Feb 16, 2024 4:29am
Quoting XplosionKibo
{quote} Imbalance by Blue Rain Button_v1.0 ++ (Minimum pip value, Array out of range) corrections! {file} {file}
thank you. still not working
Read the chart... Fundies are catalyst...
  • #66,307
  • Edited 6:01am Feb 16, 2024 5:27am | Edited 6:01am
Quoting satheesh
{quote} thank you. still not working
You may need to try describing the issue!
....below some screen shots from JPY pairs (All @ default 20 Minimum Pip Size)

EURJPY
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USDJPY

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CADJPY
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  • #66,308
  • Feb 16, 2024 5:27am Feb 16, 2024 5:27am
Quoting satheesh
{quote} thank you. still not working
It is working. Try setting "Minimum Pip Size for Imbalance" to a small number (eg: 5, 10)
  • #66,309
  • Feb 16, 2024 5:53am Feb 16, 2024 5:53am
Quoting yamashi43
I need your help in fixing an error in mq5 source codes. https://www.mql5.com/en/code/1771 The trading panel EA above is what I want to try out for a purpose of the stat arb trading, but the codes doesn't generate ex5 file on compilation. I have no skill of coding, and there was no luck when I tried to fix it by myself with a help of chat GPT... The original coder doesn't seem to respond to the comment that claims about the error, so please, anyone kindly fix it and upload the ex5 file? Thank you so much in advance for your support!!
Attaching the source code. Thanks!
Attached File(s)
File Type: zip 1771.zip   6 KB | 378 downloads
  • #66,310
  • Feb 16, 2024 6:12am Feb 16, 2024 6:12am
Quoting XplosionKibo
{quote} Note: The indicator features 3 different time frames, from which bias lines are drawn. However for practical visibility, the lines were drawn horizontally due to the fact that vertical lines won't show the bias levels, nor they're visible on lower time frames. There are 6 fully customizable switch buttons, 3 of which hide and show lines and 3 to toggle the alert popup message window for each line crossover. Buttons states for each time frame are me LL, both are visible on buttons. Buttons and lines are identified through tooltip by mouse...
Hi thanks for your pm XK let's leave all those strats alone how many do I want to monitor anyway this simple one you have done outdo all of them you just need to tweak only this one up by adding stop entry and moderate tp levels to them once the 3time frames allign and give the alert the stop entry tp could be in form of 3dots with different color how about that? If it's possible these 3dots levels will be displayed only for the current day so as not to smear up the whole chart with dots. Opportunity may come for both London and New York in a day it could be a BUY scenario for both sessions and it could be a buy /sell scenarios which means market can ha a very strong BUY trend for the day (continuation move) or (reversal move) at New York session . The TP should not be much say 20 or less. Thanks XK.
  • #66,311
  • Feb 16, 2024 6:50am Feb 16, 2024 6:50am
Quoting Slingshots1
{quote} Hi thanks for your pm XK let's leave all those strats alone how many do I want to monitor anyway this simple one you have done outdo all of them you just need to tweak only this one up by adding stop entry and moderate tp levels to them once the 3time frames allign and give the alert the stop entry tp could be in form of 3dots with different color how about that? If it's possible these 3dots levels will be displayed only for the current day so as not to smear up the whole chart with dots. Opportunity may come for both London and New York...
well.......,as you might already know there are various categories of indicators;
some may be suitable for trend tracking, while others might perform well in
detecting entry or exit points!
That's why it may not be a good idea to entirely rely on trend indicators for making
entry or exit decisions, as they may not provide accurate signals for precise timing!
  • #66,312
  • Feb 16, 2024 8:56am Feb 16, 2024 8:56am
Quoting frank1972
{quote} It is working. Try setting "Minimum Pip Size for Imbalance" to a small number (eg: 5, 10)
yes working now
thank you
Read the chart... Fundies are catalyst...
  • #66,313
  • Feb 16, 2024 8:58am Feb 16, 2024 8:58am
Quoting XplosionKibo
{quote} You may need to try describing the issue! ....below some screen shots from JPY pairs (All @ default 20 Minimum Pip Size) EURJPY {image}USDJPY {image}CADJPY {image}
thank you
Read the chart... Fundies are catalyst...
  • #66,314
  • Feb 16, 2024 9:15am Feb 16, 2024 9:15am
Hello, would there be a possibility of creating a function to implement in my EA that gives me the session where we are at all times, American, European or Japanese?
THANK YOU SO MUCH!!!!!!!!!!!!!!!!!!!!!!!!
  • #66,315
  • Feb 16, 2024 10:05am Feb 16, 2024 10:05am
Quoting Puntacana
{quote} your very good. thanks the wpr candle has the same problem, please do you have time to check? {image} {file}
How do you want the arrwos?
Can you show me an image and plot the arrows manually like you want them, please.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #66,316
  • Feb 16, 2024 10:12am Feb 16, 2024 10:12am
Quoting Kodzhamanov
Hi guys, I am working on EA but I am finding some difficulties with the exit strategy and I thought I could find some advice here. So the system rules are very simple. I am testing on daily and hourly charts for now. - If the previous candle is green, on the opening of the new candle I am placing a long position with a fixed TP of 20 pips for daily and 5 pips for hourly. No hard stoploss. - If the previous candle is red, on the opening of the new candle I am placing a short position with a fixed TP of 20 pips for daily and 5 pips for hourly. No...
Your problem is with TP.
You can't cheat math! You must make more profit than loss in order to profit in total.
So, taking small losses is not a problem.
The problem is to take big profits when the price is going in your direction.
So, don't put TP.
Always put SL.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #66,317
  • Feb 16, 2024 11:29am Feb 16, 2024 11:29am
Quoting Kalamar77
Hello, would there be a possibility of creating a function to implement in my EA that gives me the session where we are at all times, American, European or Japanese? THANK YOU SO MUCH!!!!!!!!!!!!!!!!!!!!!!!!
https://www.forexfactory.com/thread/...ions-indicator
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #66,318
  • Edited 11:51am Feb 16, 2024 11:35am | Edited 11:51am
Quoting BestTraderEv
{quote} How do you want the arrwos? Can you show me an image and plot the arrows manually like you want them, please.
that one only please see if the level go from -100 and -0 to agree with the original mt4 wpr
no arrows just the bars.
if you combine arrows and candle ???

i think is working as the original wpr
Attached Image (click to enlarge)
Click to Enlarge Name: 6.png Size: 21 KB
Attached File(s)
File Type: mq4 WPR Candles.mq4   6 KB | 353 downloads
  • #66,319
  • Feb 16, 2024 11:49am Feb 16, 2024 11:49am
Quoting XplosionKibo
{quote} SOT_DOT_6 NEW _V1.0 ++ Various Inputs! {image} {image} {file} {file}
XplosionKibo, please help me make this version of indicator a mtf
Attached File(s)
File Type: mq4 StepMA pdf nmc 3.142 + arrows.mq4   18 KB | 401 downloads
  • #66,320
  • Feb 16, 2024 12:13pm Feb 16, 2024 12:13pm
Please for 3days now i search all net online, i cant find any indicator that signal this 1 close back inside candle, 1, 2 , or by candle size please kindly share if you have, or have idea where i can find
i have tried the 2 rev candle indicator/ candle_2_pattern scanner indicator they cant practically help by comparing the signals
Attached Image (click to enlarge)
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