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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Thank you Yantz. I will test out your ea once I get this MT4 working with my micro account. ;-)
OK a few questions here so I can help test this EA out.
1. What timeframe is this developed to work with?
2. If any do I need to change the minimum moves or anything?
3. If this is played on like 1-15 min charts does the T/P and S/L need to be changed
TIA for answers
hi thx for wanting to test it out. to answer your questions:
1. i developed and tested on H1
2. from my initial findings, on eur/usd h1, 60 pips movement should go to 100 pips eventually
3. yes on other tf, the tp/sl/minimum moves needs to be changed
as i mentioned earlier, ultimately, my goal is to find out the best combo for each pair and other tf. what pair does consistently moves how many pips in what timeframe. thats the goal of this project.
as per darrell's findings, the gbp/jpy does big moves on the h1. i tried and found that it does move a lot, and frequently too. maybe for gbp/jpy h1, we can try 60/60/60. that is what i'm going for the coming week for this pair.
yantz
Thank you for the info Philipp
HI Yantz!
I just downloaded your indicator and compliled it. I want to give it a try but it doesn't seem to want to attach to the chart. I see it under custom indicator in MT4. what am I doing wrong..sorry, this is my first time using MT4.
thanks.
-JC
hi jc! it should be placed in the experts folder, not experts/indicator. it is an ea, not an indicator. try it and let me know
yantz
OK I will begin testing this on all kind of charts and pairs. I have it on e/u on the 5 min for scalping and so far it has netted 2 winning trades for 10 pips each but I am just beginning with it. I will help you guys out
so far on the 5 min I have 75, 10, 20
will go to higher charts and different pairs
wow strongtower! thx alot! i really appreciate your help! for the eur/usd on 5 min, how far back does it goes before going to 10? i feel 75:10 a bit high. it will need 90% strike rate to be profitable. thx for helping develop this strategy!
yantz
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