THIS thread is about building an EA, based on sound & logic market behaviour.

Peaks & Troughs are traded according to general market TREND.

Building a successful EA requires:

1. Trade pre-conditions (not yet finished)

2. Money-Management (Risk, Lots, TP, SL, Trailing profit – not yet finished)

3. Trade Logic – defining Entry and Exit. This…[Read more]

THIS thread is about building an EA, based on sound & logic market behaviour.

Peaks & Troughs are traded according to general market TREND.

Building a successful EA requires:

1. Trade pre-conditions (not yet finished)

2. Money-Management (Risk, Lots, TP, SL, Trailing profit – not yet finished)

3. Trade Logic – defining Entry and Exit. This…[Read more]

That’s NOT the way to trade ClearMethod !!

G.

No need to allocate that much to “floating” and/or DrawDown.

Central-Banks monitor their markets and Currency based on monthly indicators, and adjust their policy, if needed, accordingly.

CB’s policy change will change Currency direction.

Based on this you can allocate your max DD or “floating” on Monthly range.

BTW: Trading against the…[Read more]

No need to allocate that much to “floating” and/or DrawDown.

Central-Banks monitor their markets and Currency based on monthly indicators, and adjust their policy, if needed, accordingly.

Based on this you can allocate your max DD or floating on Monthly range.

BTW: Trading against the CB’s is like gambling against the “house” in a…[Read more]

No need to allocate that much to “floating” and/or DrawDown.

Central-Banks monitor their markets and Currency based on monthly indicators, and adjust their policy, if needed, accordinly.

Based on this you can allocate your max DD or floating on Monthly range.

BTW: Trading against the CB’s is like gambling against the “house” in a…[Read more]

Thanks for your contribution.

As already stated several times in this forum, Our baseline for Logic changes/Additions/Contributions are H4 TF’s.

G.

My idea of implementing this is the same way as the TrailingStop is implemented.

Both deal with the same functionality of OrderModify(…).

G.

No point in testing the EA for profitability, major things are still missing from the Logic part, and some minor things are still missing from the pre-trade conditions.

Major issues on the Logic Entry/Exit part will be added AFTER the trade pre-conditions part of that EA is fully implemented.

G.

More advanced math reveals the following:

The Mid of Large bars (>2*ATR) reach their MID within max 24 days.

G.

The main idea is to push the TP forward as we are getting close to it, or reduce the TP if we approch trendiness end signal.

G.

Most EA’s are heavilly investing in BreakEven, StopLoss trailing, TrailingStops, etc.

The issue of TakeProfit remains static in most of them, so why not invest in Dynamic TakeProfit according to changing market?

G.

A function setting an adaptive TP in relation to a given entry price, thus monitoring a certain trade. It’s an EA – what’s the point in something else?

G.

On TakeProfit:

While we wait for the skeleton of our EA to be finished (pre-conditions + Logic), lets discuss a much neglected topic of TakeProfit.

Besides the TrailingStop, once a trade is entered, most EA’s are basically remains static with their SL & TP. BUT the market keeps changing.

Here comes the concept of Dynamic/Adaptive TakeProfit…[Read more]

Std. MT4 OBV is NOT an oscillator, and doesn’t have OB/OS areas.

G.

1. Each instance act as a stand-alone and try to fetch the CAL file. If file already exist, the instance returns. File fetching is done on Daily basis.

2. Daily RELEVANT CAL file (only EUR & USD events loaded in case of EURUSD EA) is loaded into memory with unique name (i.e. EURUSD_CAL_DDMMYY).

3. EA instance access that memory file.

That’s…[Read more]

What’s the purpose of this ?!?!

The logic is not completed yet, as well as the pre-trading conditions…

How was the initial version?

How often do you clear “long-ago” pending trades?

I really don’t understand this “test”… or its purpose…

G.

Adding Commission distort the whole TRAILING process in MT4, since it is not included in the trailing calculation (besides the fact that the logic isn’t finished yet).

To simulate commission you should add it to the spread and multiply it by the lot size.

G.

actualRisk will later be used mainly for user display purposes.

G.

I’ll respond and relate to that AFTER the basic EA skeleton in “Tradind made REALLY simple” will be finished.

G.