Hello fellow Roomies.
I have decided to start my own thread for my EA, The EA is called the 4hr Candle EA (James P1-EA Version6).
It is based on a simple concept. Basically, the EA is a pending order EA which places a buy and sell PO. You can set the number of pips to activate the trades. However, i noticed thru Strategy Tester that the EA doesn't make money..Since, I am fairly new to trading, I began to look at fundamentals in chart patterns to see if I could use the EA to buy or sell. I used the common tab to use one direction and the EA would only make two trades and quit. I attempted about 100 times to contact my coder and he must have been taken off the planet by aliens. I am attaching the EA for anyone to look at to give their opinions or basically to tell me to trash it. LOL...If anyone wants the MQL file, I will attach it if anyone wants to add inputs for sells or buys..I was thinking that on a four hour candle, the price if it dropped a certain amount of pips would continue in that direction and you can take a small amount of pips off each candle. I hope that I have explained it correctly. I appreciate any comments, constructive criticisms on the EA. Thank a bunch and just trying to contribute..
I have decided to start my own thread for my EA, The EA is called the 4hr Candle EA (James P1-EA Version6).
It is based on a simple concept. Basically, the EA is a pending order EA which places a buy and sell PO. You can set the number of pips to activate the trades. However, i noticed thru Strategy Tester that the EA doesn't make money..Since, I am fairly new to trading, I began to look at fundamentals in chart patterns to see if I could use the EA to buy or sell. I used the common tab to use one direction and the EA would only make two trades and quit. I attempted about 100 times to contact my coder and he must have been taken off the planet by aliens. I am attaching the EA for anyone to look at to give their opinions or basically to tell me to trash it. LOL...If anyone wants the MQL file, I will attach it if anyone wants to add inputs for sells or buys..I was thinking that on a four hour candle, the price if it dropped a certain amount of pips would continue in that direction and you can take a small amount of pips off each candle. I hope that I have explained it correctly. I appreciate any comments, constructive criticisms on the EA. Thank a bunch and just trying to contribute..
Attached File(s)
James P1- EA Version6 01-07-2013.ex4
9 KB
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1,542 downloads