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H1 timeframe XAUUSD EA for all

  • #61
  • Edited 8:55pm Jan 4, 2018 8:42pm | Edited 8:55pm
Quoting abhirag
{quote} LONG SETUP: When the 1HR candle closes above the high of break candle. Set the SL to LOW-50 pips of break candle. TP: 7 Times of Daily ATR SHORT SETUP: When the 1HR Candle closes below the low of break candle. Set the SL to high+50 pips of break candle TP: 7 Times of Daily ATR The EA takes only 2 trades (BUY and SELL) at a time.If the BUY trades is open and running for profit,
EA will not take BUY trades, but continue to take SELL trades every day as per strategy and vice versa.
Thanks for the explantion, now i understand why open trade still haven’t closed yet.

Break candle means the body breaks hi/low the day before. Does the shadow candle breaks hi/low counted?
  • #62
  • Jan 5, 2018 2:09am Jan 5, 2018 2:09am
Hi, could you please explain how R:R and MA are used in the strategy ? I saw that part in the input setting.
  • #63
  • Jan 5, 2018 2:38am Jan 5, 2018 2:38am
2016 end, total lose, almost burned down..
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  • #64
  • Jan 5, 2018 2:45am Jan 5, 2018 2:45am
Hello, I have a little problem with the installation. The EA is not displayed in the MT4 Navigator.
http://www.autopilot-trading.at/down...Aeinfuegen.pdf
It's really easy. Have tried with several MT4.
What am I doing wrong?
Thx.
Attached Image
  • #65
  • Jan 5, 2018 4:18am Jan 5, 2018 4:18am
Quoting netas369
2016 end, total lose, almost burned down.. {image}
Send me few trades screen shots from Jan 2016. Something is not right there.
  • #66
  • Jan 5, 2018 4:31am Jan 5, 2018 4:31am
Quoting abhirag
{quote} Send me few trades screen shots from Jan 2016. Something is not right there.
It's from november 2016
  • #67
  • Jan 5, 2018 5:23am Jan 5, 2018 5:23am
With lower atr ratio (4,0 or 5,0) I get better results, you dont ?
  • #68
  • Jan 5, 2018 7:08am Jan 5, 2018 7:08am
Quoting netas369
With lower atr ratio (4,0 or 5,0) I get better results, you dont ?
The EA is not for short time, with lower ATR, trade will close early.
  • #69
  • Jan 5, 2018 7:10am Jan 5, 2018 7:10am
Quoting dexi
Hello, I have a little problem with the installation. The EA is not displayed in the MT4 Navigator. http://www.autopilot-trading.at/down...Aeinfuegen.pdf It's really easy. Have tried with several MT4. What am I doing wrong? Thx. {image}
Have tried closing and reopening MT4?
  • #70
  • Jan 5, 2018 7:59am Jan 5, 2018 7:59am
Quoting abhirag
{quote} Have tried closing and reopening MT4?
yes, several Broker MT4, strange. I will try another PC.
  • #71
  • Jan 5, 2018 10:46am Jan 5, 2018 10:46am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot7.png Size: 135 KB


Errors showing on mine, any ideas?
Settings are as yours
  • #72
  • Jan 5, 2018 6:46pm Jan 5, 2018 6:46pm
Quoting abhirag
Hey Gang, I have invested quite some time getting this EA ready and been using it for past 1 year profitably. I think its time to help everyone, so download the EA and configure it as shown below. {image} {image} {image} {file} Lot size can be configured as desired... The SL Offset from breakout candle extremum should be '50' not 5 ATR MUL should be '7', not '0.7' IMP: its only profitable on XAUUSD, please do not try it on any other pair. You may back test.
Hi Abhirag,

I mean no offense or disrespect o your generosity to share your work. The problem i have is with those who are quick in sharing EAs and not the source code. Any EA designed to work only on a certain pair or timeframe or a specific market condition is bound to fail. Its just a matter of time. Some could last for few years or longer but eventually it will fail. In my opinion, such generosity hurts to striving trader into relying on your hard work and more importantly on your dependence to be around for years to come in regards to supporting this EA. It is almost a guarantee that all EAs and indicators will fail to function at some point in the future via a patch or upgrade release by MT4. These poor miserable souls will be left in high water if the original developer leave this forum and disappear. For that reason, I personally never touch any compiled code freely available on forims. I am sure most of them have deliberate expiration date. And any EA strategy can be quickly and every easily reengineered from open source code available. I have also found scams from free lance developers who deliberately post junk EA with inflated performance only to send PMs asking for paid work down the road. I have bren scammed thrice in last 5 yrs so i am speaking from personal experience for your readers. For this reason, I learnt MQL from scratch from open source available here to develop my own EA. Just sharing my experience. I would also never ever run compiled code with DLLs either unless i review the code myself first. I really see no use of sharing compiled EAs freely on forums. Either one has to share their work with complete transparency or guard it with their life and keep it secret for their own personal use.

Just my 2 cents. I mean no offense to your hard work and intended intentions to help others out.
Staying in my lane...
  • #73
  • Jan 5, 2018 7:19pm Jan 5, 2018 7:19pm
Quoting VEEFX
{quote} Hi Abhirag, I mean no offense or disrespect o your generosity to share your work. The problem i have is with those who are quick in sharing EAs and not the source code. Any EA designed to work only on a certain pair or timeframe or a specific market condition is bound to fail. Its just a matter of time. Some could last for few years or longer but eventually it will fail. In my opinion, such generosity hurts to striving trader into relying on your hard work and more importantly on your dependence to be around for years to come in regards...
While I appreciate your feedback, trust me, I have been through all the above situations and scammed many times. The EA that I have shared is my own strategy and I hired a freelancer to code, so I can backtest.

You are right, no strategy is successful all years, even this one failed in 2013, but look at the overall picture? with appropriate investment amount and risk, this EA will end up in profits.

I do have a source code, but I it has lots of junk coding and it will confuse. you can see the name Daily Break out 16, we started with 1 and after multiple changes and enhancements, the version reached "16", also there are lots of other inputs options available in EA, which we tried, but never removed them.

Anyways, I am just trying to help, not asking for anything in return.
  • #74
  • Jan 5, 2018 7:23pm Jan 5, 2018 7:23pm
Quoting pamc
{image} Errors showing on mine, any ideas? Settings are as yours
It looks ok to me, I can see the purple lines marking the previous day's high and low. Ignore the errors.
  • #75
  • Jan 5, 2018 7:29pm Jan 5, 2018 7:29pm
Quoting abhirag
{quote} It looks ok to me, I can see the purple lines marking the previous day's high and low. Ignore the errors.
Oh ok thanks!!
  • #76
  • Jan 9, 2018 7:06am Jan 9, 2018 7:06am
Been running this EA for 4 days, and i havent got any trades. How about you guys? Thursday Friday, monday and today. No trades so far? Are you guys and gals having any trades?
  • #77
  • Jan 9, 2018 7:27am Jan 9, 2018 7:27am
the same for me , no trades ...
  • #78
  • Jan 10, 2018 2:13am Jan 10, 2018 2:13am
Quoting Faucon
the same for me , no trades ...
EA took following trades for me, all lost though...

Attached Image
  • #79
  • Jan 10, 2018 3:57am Jan 10, 2018 3:57am
if got function to reverse the trade after got signal it would be better trade, small TP.
I forward test live acc 0.01 all lost.
  • #80
  • Jan 10, 2018 11:22pm Jan 10, 2018 11:22pm
Wow... I have just started trading this recently on the Daily TF though I tried the 1hr and it didnt work for me... Except I use a different EA..
Same deal though... Break the high of previous Daily candle then buy and vice versa for a sell..

But on the Daily TF with a 10pip PT and 5 pip SL has a 50% win ratio... I've been doing a lot of backtesting over the last week with different settings from 2011 to today.. running it over the whole year plus individual months. . So far 10 pip profit and 5 pip stop loss and 20 pip profit and 10 pip stop loss has put out the best results.. every month has been 50% win/loss ratio..

It also works on Silver Daily TF..

Good to see I'm not the only one doing this... I'll muck around with your EA and see how it goes...
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