FREE FOREX STRATEGIES

Developing a system #16 (40 pips per trend)


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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I'm a newbie. I want to know ...How do I load your ea into my mt4?

Thank you :)
I'll put this updated one up in the initial post.

Looks pretty good.

If you just use 0 instead of PERIOD_H1 when you call the indicator (iADX(NULL,0,14,PRICE_CLOSE,0,0) instead of iADX(NULL,PERIOD_H1,14,PRICE_CLOSE,0,0)), your EA will always use the timeframe to which it is applied with the correct settings, without a need to change your code every time.
Also did you try to add a trailing-stop, or at least move you SL to break-even after price moved in your favour for some pips?

As soon as I have some time I will check your EA thoroughly and maybe I can improve it a little.

If you would like others to check the code of your EA it would be very useful if you add comments to your code so it is easier to read. Also think about what will happen if you want to have a look at your code in one year (maybe you need a part you already used there). Without comments you will have to check every line and every funktion to find out what this line does. So you will need a lot of time. With comments you just need to scan through them. That would save you a awful lot of time.

If you have any questions about it feel free to contact me via email at info[at]forex.space-mailer.de

Happy trading,

Philipp

HI Yantz, I am trying your EA and its very good. I am testing it on the GBP/JPY and it has so far given me about 78% strike rate. IT moves much more than EUR/USD. Also I think EUR/USD works better with 20-30 pip T/P. I will backtest it soon.Have you tried this at all and do you have more feedback on it yet.Also have you tried it on 4 hour or Daily charts. Thanks for the EA Darrell. Also thanks to Edward for this site

Sounds nice!
Yantz, could you just upload the EA one more time, make sure you add a link to your comment, so that we can find the file.

Thomas


 

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