Developing a system #16 (40 pips per trend)
Submitted by User on June 4, 2009 - 04:10.
Submitted by Yantz
Hi Edward!
I have written a small ea that needs some tweaking. perhaps adding some indicators would be good. basically it just wait for the price to move 60 pips then enter for another 40 pips.
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Hi Yantz,
Is there any chance that you can post the logic of your EA so that people like us who are not on MT platform can also try the strategy on their respective platforms ...
Thanks in advance,
Nariman
hi nariman! the logic is very simple. start with a highest high or lowest low. this need not be a full swing high or low. so long as the high of the previous candle of the highest high candle is lower, then that is the highest high. same as lowest low. for short position, the price have to move down 60 pips, regardless of the number of bars needed to reach 60. if before reaching 60, the next bar high is higher than previous bars high, that high will be the new highest high. once it has move 60 pips, enter at that position if adx greater than 25 and -di greater than +di for 40 pips tp and 60 pips sl. vice versa for short position. after closing a short trade, we will not be going for anymore short trade but instead wait for a long trade opportunity. couldnt be simpler than that :)
in the attached chart, only entry sell #2 qualify and it eventually won. #1 and #3 didnt qualify because adx is below 25. pls disregard the last entry sell position line, that is an open position from another ea.
yantz
I'm a newbie. I want to know ...How do I load your ea into my mt4?
Hi Yantz, how you get MT4 for FXCM Micro? I'm new to forex and just opened a live account with FXCM Micro, but I get the regular trading station.
Thanks Yantz,
Good Strategy, keep it up.
i used mt4 to generate signals, the signals will then be sent to fxcm micro using their order2go api.
To load the EA into you MT4 you just open the downloaded .mq4 file (if you have installed MetaTrader it should open with Meta Editor) and press compile. Then go to the folder where this .mq4 file is located and search for a file named exactly as the .mq4 file (in this case yantz_swing_v1.3.mq4) but with .ex4 as ending. this .ex4 file you place into your expert folder which is located in your MetaTrader folder. Then (re-)start your metatrader.
Hapy trading,
Philipp
Hello Yantz, Yes I used 60 40 60 and could have gotten more. Amazing pair. Thanks again and Ill try to test it more. Good trading Darrell
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