I will code your EAs and Indicators for no charge

Hi brokerbagus,
I can help you. I would like to be sure what you are talking about. When we open 4th buy position we close the previous three. Am I rights?

Open for ideas to program EAs or indicators, fire away.

I think something/someone else is opening the positions, the EA just has to close them. Otherwise you might need to know under what circumstances you open the 4th (and the 1st to 3rd) position.

yes, the ea is for closing previous position.

it would be great if we can choose between;
- When we open 4th buy position, we close the previous three.
- or, When we open 3th buy position we close the previous two.

i am using this to manage my manual hedging strategy.

I'm looking for you help.

I need this to be coded into EA with the same below info and rules. I have created this through the Forex Strategy builder and it gave me good results.

Sorry for my English

------------------------

Strategy Overview
Strategy name: Ichimoku Kinko Hyo2EURUSD-M5
Forex Strategy Builder Professional Alpha 2.0
Date: 01/05/2013 10:46:47 AM

Table of Contents
Description
Logic
Strategy Properties
Indicator Slots
Statistic Information
Additional Statistics


Description

"MACD Reversal" strategy demonstrates the "Close and Reverse" technique of forex trading.

This is a classic reversal strategy with additional stop-loss. It keeps our position opened almost 100% of the time.

We get a signal when the MACD line crosses the zero line, and that signal reverses our position when the next bar opens.

The "Close and Reverse" logic, which is set in the "Closing Point of the Position" slot, is the condition that determines the reversal every time we get a signal. Whenever Forex Strategy Builder gets such signal it closes the current position and immediately opens a new one in the opposite direction.

Notice that the “Opposite direction signal” dropdown menu in the strategy properties dialog is locked to "Reverse" mode. The "Close and Reverse" exit logic makes this the only possible option.

The "Permanent Stop Loss" limits our loss to 2000 pips (you have to set 200 for 4 digits quotation). When the market reaches the stop loss level, the strategy closes the position without reversing it. That is the only time when we are out of the market.

The value of the "Same direction signal behavior" is not important here because it is impossible to have another signal in the same direction. MACD cannot cross the zero line twice in the same direction which means that the next signal we get will always be in the opposite direction to our current position.


Top

Logic
Opening (Entry Signal)
Open a new long position or add to a winning position or reverse a short position at Tenkan Sen of Ichimoku Kinko Hyo* (9, 25, 53) when all the following logic conditions are satisfied:

Moving Averages Crossover* (Close, Simple, Simple, 19, 23, 0, 0); Fast MA crosses Slow MA upward; and
Stochastics* (Simple, 7, 2, 3) - Slow %D rises.
Open a new short position or add to a winning position or reverse a long position at Tenkan Sen of Ichimoku Kinko Hyo* (9, 25, 53) when all the following logic conditions are satisfied:

Moving Averages Crossover* (Close, Simple, Simple, 19, 23, 0, 0); Fast MA crosses Slow MA downward; and
Stochastics* (Simple, 7, 2, 3) - Slow %D falls.
Closing (Exit Signal)
Close an existing long position and open a new short one, at the entry price, when a sell entry signal arises.

Close an existing short position and open a new long one, at the entry price, when a buy entry signal arises.

Handling of Additional Entry Signals**
Entry signal in the direction of the present position:

Add to a winning position but not to a losing one. If the position is at a loss, cancel the additional entry order. Do not exceed the maximum allowed number of lots to open.
Entry signal in the opposite direction:

Close the existing position and open a new one in the opposite direction using the entry rules.
Trading Size
Always trade a constant number of lots.

Opening of a new position - 3.18 lots.
Adding to a winning position - 10 lots. Do not open more than 20 lots.
Reversing a position - 3.18 lots in the opposite direction.
Permanent Protection
The Permanent Stop Loss limits the loss of a position to 1000 pips per open lot (plus the charged spread and rollover).

The strategy does not use a Permanent Take Profit.

--------------
* Use the indicator value from the previous bar for all asterisk-marked indicators!
** The averaging rules apply to the entry signals only. Exit signals close a position. They cannot open, add or reduce one.

Top

Strategy Properties
Handling of Additional Entry Signals
Next same direction signal behavior - Adds to a winning position
Next opposite direction signal behavior - Reverses the position

Trading Size
Maximum number of open lots - 20
Number of entry lots for a new position - 3.18
In case of addition - number of lots to add - 10

Permanent Protection
Permanent Stop Loss 1000 pips
Permanent Take Profit - None
Break Even - None

Top

Indicator Slots
The slots show the logic for the long positions only. Forex Strategy Builder automatically computes the proper logic for the short positions.

Strategy Properties
Same direction signal - Winner
Opposite direction signal - Reverse
Permanent Stop Loss - 1000
Permanent Take Profit - None
Break Even - None
Opening Point of the Position
Ichimoku Kinko Hyo
Enter the market at Tenkan Sen
Tenkan - 9
Kijun - 25
Senkou Span B - 53
Use previous bar value - Yes
Opening Logic Condition
Moving Averages Crossover
[A]Fast MA crosses Slow MA upward
Base price - Close
Fast MA method - Simple
Slow MA method - Simple
Fast MA period - 19
Slow MA period - 23
Fast MA shift - 0
Slow MA shift - 0
Use previous bar value - Yes
Opening Logic Condition
Stochastics
[A]Slow %D rises
Smoothing method - Simple
%K period - 7
Fast %D period - 2
Slow %D period - 3
Level - 20
Use previous bar value - Yes
Closing Point of the Position
Close and Reverse
Close all positions and open a new one in the opposite direction
Top

Hi
Is anyone able to program a hedging ea for me plz. It will open a trade in the direction of 2 moving averages. The stop loss & take profit will be adjustable and the lot size automatically calculated as a percentage of the equity. The ea will then set a stop order in the opposite direction with the 'hedge gap' or the difference between the open position and the stop order adjustable. The lot size will be 3 times the size of the original order and the sl & tp adjustable. If the second trade is triggered then a stop order will be set with the same parameters as the first order and the lot size double the second order. This pattern continues with every additional order doubling in lot size as the stop orders are hit. Once the take profit of one of the orders is taken out the pending order should automatically be deleted and the process start again. The stop loss and take profit of all the open orders should be the same number so they will close at the same time.

There should only be one batch open at the same time
The original orders lot size is a percentage of the account with the second order 3 times the first. The 3rd order double the second and every additional order double the previous order


I hope that all makes sense
Thanks heaps Hundy1987

Hi ,

I am a full time Forex trader and have been for the past ten years.

Seems a little funny that I have become a juniour member to forex factory.

All that aside I am looking for someone who will assist me with my automated trading and help me with my programming.

If you can assist me feel free to contact me so that we can talk further.

Regards

Hi brokerbagus,
here is a strategy for you.

FxCraft.. ur awsomee.. thx so much for this,,

tested,, and it works as i wish..
once again, thx for ur help,,


*that maxnumberoforders option is clever

who is the coder? I have something I found, an indicator called TCCI which appears to work very good. it is a combination of several mt4 standard indicators and looks like it works very good especially daily and 4H bars. I would like to automate it and test it on demo asap.

thanks!

Hi parefer,
I guess you would like to create a strategy based on tcci indicator? Am I right? You must specify how your strategy should work i.e opening and closing signal, money management etc.

You're welcome, next time please write to me, you can find a contact at website in my profile

Hello,

I am looking for an EA for MT4 that executes the strategy outlined in the video at the link below.

The text on the page may help but you have to scroll down the page about 3/4 of the way

to see the video.



http://markplex.com/free-tutorials/t...ts-adx-filter/

Thank you

Hi Kis,

Are you still on here? I know I said I have one last strategy I needed you to code, but have been finalizing it. I am now ready. The coding is very easy. Please let me know if you have free time to code this simple strategy. Thank you.

Hi,

Forexvegan asked me to place this on here, as many people are looking forward to the outcome of this EA if anyone can code it.

I am looking for an EA to be made. The strategy is very simple and anyone can use this EA and set different parameters. Although I don’t have any money to pay for the EA, hence why I am on here, I can give you vouches for creating a great EA. I know many people that would love this EA, and am sure that you can get more than 10 vouches. Here is the strategy.

All orders must be hidden from broker. They cannot see the pending orders, take profits or stop loss. When an order I triggered the broker should only see the order and not the take profit or stop loss. It should seem like the only an order is placed with no take profit or stop loss.

Place a Pending Buy and Sell at a certain price. Let’s go with EUR/USD

Current Price – 1.30505

Buy Order #001
Place Pending Buy Order at 1.31005
Take Profit 1.32005
Stop Loss at 1.30055

Sell Order #002
Place Pending Sell Order at 1.30005
Take Profit 1.29005
Stop Loss at 1.30955

Starting Lot Size – 1.00
Multiplier – 2.0
Maximum Trades - 5


At first 2 orders are placed. As soon as the price moves to one of the orders, it is triggered. Let’s say Order #001 is triggered.

Here is what happens:

Order #002 is immediately cancelled and a new pending order is created. Same price, same TP, same SL. The only difference is the lot size has changed. Since the multiplier in the example is 2.0 the new lot size is 2.00. (Started with 1.00).

As soon as Order 001 (Lot size 1.00) is triggered 002 is canceled and recreated with a doubling the lot size(2.00). As soon as 001 hits stop loss, 001 is recreated changing the lot size to (2.00) Now when the 2nd order is hit weather it is 001 or 002, it will be lot size 2.00. If it goes again we keep doubling lot size, until maximum orders are hit. The price never changes, the tp or sl never changes. This assumes that the market will move eventually and not stay in range forever.

Okay here are the only scenarios that can happen:

Scenario 1
Order 001 is triggered and TP hits.
Result – Close all pending orders. That’s it. No more orders are placed, and all pending orders are cancelled. End user will start the EA again setting the parameters for Buy Price and Sell Price.

Scenario 2
Order 001 is triggered, then moves opposite direction hits SL and then triggers Order 002 and hits TP. Still in profit, because as soon as order 001 is triggered, Order 002 was cancelled and then recreated only changing the lot size. In this case, 001 lost $95 dollars but order number 2 made money. Because we doubled the lot size. See where I am going with this.

Senario 3
Order 001 is tiggerd, hits SL, triggers 002. This hits SL and triggers 001 again. This does not hit tp but hits SL and triggers 002 again. The price, TP, and SL always stays the same. The only thing that changes is the lot size.

When 001 is hit, 002 is canceled and recreated doubling the lot size.

Now lets say the last scenario happens. 001 is triggered, SL is hit, and 002 IS NOT triggered. As soon as 001 SL is hit, 001 is recreated and lot size is doubled. Now 001 and 002 should have lot size of 2.00. As soon as the second order or triggered, the other order is cancelled, and recreated with a new lot size. As soon as that order has hit SL the same order is recreated with a new lot size.

2 rules to remember:

At start 2 orders are pending. As soon as the first order is triggered, the order is cancelled, and then recreated with a new lot size.

As soon as the order hit its SL , that same order is recreated with a new lot size. Now we should be at square 1. We have 2 pending orders Same price, same TP, and same SL as the original but new lot size. As soon as one is triggered the other is cancelled and recreated with a new lot size. (4.00) this process continues until maximum trades have been triggered. Then at the very end you should have your last order to with hit TP or SL. The other order is no longer pending as you have reached your maximum trades.

This order repeats as many times as you want, increasing the lost size, by whatever you determine.

Some features in this EA that would be nice is

1.Buy Price – This is the hidden order that is placed, and when price is reached, it will be triggered, along with the “Buy Take Profit” and “Buy Stop Loss”
2.Buy Take Profit – This is the hidden take profit that is placed when the “Buy Price” is reached and triggered.
3. Buy Stop Loss – This is the hidden stop loss that is placed when the “Buy Price” is reached and triggered.

4.Sell Price – This is the hidden order that is placed, and when price is reached, it will be triggered, along with the “Sell Take Profit” and “Sell Stop Loss”
5.Sell Take Profit – This is the hidden take profit that is placed when the “Sell Price” is reached and triggered.
6. Sell Stop Loss – This is the hidden stop loss that is placed when the “Sell Price” is reached and triggered.

7. Mulitplier - 2.0 (means it doubles every new time the order recreates. (2.5 means multiply the original lot by 2.5)
8. Maximum Trades – 5 means a maximum of 5 trades to be placed. Very important that as soon as the 5th trade is triggered, any pending orders are cancelled.

That should be it. This EA should be able to work on multiple charts, so I can throw one one EUR/USD, one on GBP/USD, another on CHF/USD, etc, and those parameters set for each pair should be followed in one account. Please let me know if I am not being very clear. If there are any questions please let me know, I check my messages all the time.

Like stated vouches at least 10+ will be given for the mq4 file as this will be needed by many people I know of in the forums personally. Many thanks, and looking forward to your kind reply.

Reminiscent of Martingale... good way to lose everything.....

Thank you Jiva34 for your kind words. I understand this has a martingale aspect to it. Thank you. This method works if the right parameters are set and the correct pairs are selected. Either way if you don't like it, don't use it. I am just asking if someone can help us out. I know many people that are searching for something similar. Can anyone attempt to code this?

Hi,

Lot of such EAs were created, I guess you will be able to find one if you search a bit.

Maybe not with those hidden stuff, but if you don't trust your broker, and you want to hide everything from them, just find an other broker you trust. Why do you trade at a company you don't trust?

Hi Kis,

Okay I got something in my e-mail. At first glance it looks good. If I need help can I come back here and ask you? Just basic edits like MT4 notifications. I will test everything out first of course. Thanks.

Dear coders,

can u someone add a martingale to the attached EA please ? I tried by myself by failed hard ,,, i am no coder

Thanks in advance,
tex