Expert Advisors - Q & A etc.

[pilbara]

Quote: Originally Posted by Wysiwyg I can visualise a number of trades riding the trend jumping on board at various stages with stop loss and trailing stop for profit.

[Stormin_Norman]

Quote: Originally Posted by pilbara I'd estimate that 30% of profit opportunity will come from trend following, and 70% of profit opportunity will come from fading. And trend following is always affected by slippage. So start with a fading strategy first.

[Wysiwyg]

Okay I have something on the drawing board which would work even better if Expert Advisors can be coded to enter at or near low/high price bar. So I have made the entry rule + or - pips after price bar opens. Ideally at the price bar low or high if possible.

Master and Slaves H4

*Master trigger = Haikin Ashi candle colour change (enter 1 lot next price bar open + 25 pips short, - 25 pips long) Ideally at next price bar low or high ???
**Slave trigger = Volume bar crosses SMA(13) (enter .1 lot next price bar open + 10 pips short, - 10 pips long) Ideally at next price bar low or high ???
No Slave positions open unless Master open and only in direction of Master.

*Master identifies trend direction on H4 (Heikin Ashi candle colour change ... red candle = enter short, white candle = enter long ).
*Master enters 1 lot on next price bar open after confirmation Heiken Ashi candle. SL = 50 (move to B.E. after 20 pips in profit), TP = 300 or exit on next price bar open if H4 Heikin Ashi candle colour changes.

*Long ... Master enters long 1 lot when Heikin Ashi candle changes from red to white. (H4 Next price bar open - 25 pips)
*Short ... Master enters short 1 lot when Heikin Ashi candle changes from white to red. (H4 Next price bar open + 25 pips)


**Slaves enter .1 lot in Master trend direction only.Slaves enter on next price bar open (+/- 10 pips) if volume bar crosses SMA(13)
SL = 50 (move to break even after 20 pips in profit), TP = 50
**Slaves follow this instruction until Master exits trade.(Master exits on SL, TP or colour change with Heikin Ashi candle).
*Master exits trade on next price bar open if a Heikin Ashi candle colour changes.(red to white ... short or white to red ... long)
**All slaves exit trades immediately when Master exits.

Return to start.

[Stormin_Norman]

are u needing to get that coded?

[Wysiwyg]

Thankyou SN, Is your friend charging??? I could change the SL, TS and "entry from bar opening price" to suit smaller time frames (lesser bar range). I hope it isn`t too confusing.

Master and Slaves

*Master trigger = Haikin Ashi candle colour change (set limit order .1 lot next price bar open + 20 pips short, - 20 pips long)
**Slave trigger (only when Master trade is open) = Volume bar crosses SMA(13) (set limit order .1 lot next price bar open + 20 pips short, - 20 pips long)

Start

*Master identifies trend direction (Heikin Ashi candle colour change ... red candle = enter short, white candle = enter long ).

*For Long ... Master enters long .1 lot when Heikin Ashi candle changes from red to white. (Set limit order next price bar open - 20 pips) SL = 50 (move to B.E. after 20 pips in profit), TS = 50 Pips

*For Short ... Master enters short .1 lot when Heikin Ashi candle changes from white to red. (Set limit order next price bar open + 20 pips) SL = 50 (move to B.E. after 20 pips in profit), TS = 50 Pips


**Slaves enter .1 lot in Master trend direction only. Slaves set limit order on next price bar open (+ 10 pips short, - 10 pips long) if volume bar crosses SMA(13) SL = 50 (move to break even after 20 pips in profit) TS = 30

**Slaves follow this instruction until Master exits trade.(Master exits on SL or TS).

*Master exits trade via Trailing Stop Order only.

**All Slaves exit trades immediately when Master exits.

**Wait one bar then

*Return to start.


For reference -- SMA(13) for MT4 Volume Indicator below image.

[Wysiwyg]

Another site with Commercial Expert Advisors to scrutinise.







.

[Stormin_Norman]

http://free-expert-advisor.freehostia.com/

too many to have tested even a fraction of them. so if u have luck with any, make sure u let uncle normy know.

[Stormin_Norman]

forex megadroid forward test:


http://fxrmmegadroid.mt4stats.com/

[Wysiwyg]

Here is another test which started at almost the same time but with different account and pip size and of course a different result.

http://www.forexpeacearmy.com/metatr...ega_droid/demo

Forex Peace Army for reviews ??? It`s hard to know who is bullshipping and who is genuine in their assessment. The USA Mega Droid support team tries to clarify/justify the glitches in its performance there.

[Wysiwyg]

An EA due for release tomorrow May 5th is The Forex Magic Machine (magic money tree, LOL)

Quote: Remember, The Forex Magic Machine will be released on May 5th at 12p.m EST

[Stormin_Norman]

forex money machine looks like a martingale.

[Stormin_Norman]

Quote: Originally Posted by Stormin_Norman forex money machine looks like a martingale.

[shag]

hi guys
not particularly relevant to this thread possibly, but i have to bring physically, or convert on other words, 400k nz or more, to aus dollars, yearly.
i currently use ozeforex, but the spread is near 2pc on 10k blocks, which i generally bring over or multiples of.
i need either a more efficient method of coverting kiwi to aus dollar, or find a broker with less spread, as 1-2pc on 400 plus k adds up.
not many brokers seem to do the physical delivery aspect of forex.
even if i could leave some of the dosh in nz, i'd need it converted to aus dollars, as who would want nz shares or property.
cheers shag

[tayser]

completely wrong thread & forum...

[Stormin_Norman]

no experts here. only robots.

[Wysiwyg]

Quote: Originally Posted by Wysiwyg An EA due for release tomorrow May 5th is The Forex Magic Machine(magic money tree, LOL)

[Stormin_Norman]

Quote: Originally Posted by Wysiwyg Visual Trading Studio I had a look on forex factory & forex army but can`t find a review or comment on VTS which is Visual Traders Studio.It (apparently) is an Expert Advisor builder that converts to MQL by putting the components, functions, logics, variables etc. onto a `drawing pad` to build the EA strategy of your choice without having to know the MQL syntax. Looks good but there isn`t much mentioned about it anywhere.Priced okay for the endless amount of EA`s you can make. Screen shots below.

[sleepy]

Hey Norm,

Have you had a play with Visual Trading Studio ... and what did you think?
Is it useful/worthwhile ... or overrated??

sleepy

[MS+Tradesim]

Quote: Originally Posted by Stormin_Norman i have an 'evaluation' version if anyone's interested. PM me.

[Mr J]

Quote: Originally Posted by pilbara I'd estimate that 30% of profit opportunity will come from trend following, and 70% of profit opportunity will come from fading. And trend following is always affected by slippage. So start with a fading strategy first.