i started a thread here about updating an indi and an ea if anyone could please help. thank you
I will code your EAs and Indicators for no charge
Does anyone has an idea or reference?
I try to trail the order/account-progress concerning multiple buy- and sell-orders, which are already working.
BTW, there are “equity recorders”, but they do not match my requirements.
The attached indi shows graphically only how the account did move according to the working orders in summary, concerning equity and balance, but does not indicate as I´d like to request separately the performance and progress of buy- and sell- orders.
With other words, there are several buy- and sell -orders working simultaneously, be it sometimes in profit or loss and I´d like to recognize and trail, where buy- and sell-orders are working (located) in reference to the balance and equity. It will occur, that the profit- and loss- performance of the buy- and sell-orders will cross against each other, maybe they are located above or below balance....
It might be a separate indicator concerning the requested feature or implemented in the attached one.
The parameters to be displayed graphically in an indicator window:
- equity
- balance
- free or used margin (be it graphically or by numerical display) optionally
- summary performance of all working buy-orders
- summary performance of all working sell-orders
The requested settings should be switched on or off by true/false-settings and the scale-settings resp. the display should be indicate visually also small movements, especially used in faster timeframes.
The benefit of such an indication might be to recognize, how buy- and sell-orders are located and how they do perform in reference to the balance and/or equity.
Regards
Over60
I try to trail the order/account-progress concerning multiple buy- and sell-orders, which are already working.
BTW, there are “equity recorders”, but they do not match my requirements.
The attached indi shows graphically only how the account did move according to the working orders in summary, concerning equity and balance, but does not indicate as I´d like to request separately the performance and progress of buy- and sell- orders.
With other words, there are several buy- and sell -orders working simultaneously, be it sometimes in profit or loss and I´d like to recognize and trail, where buy- and sell-orders are working (located) in reference to the balance and equity. It will occur, that the profit- and loss- performance of the buy- and sell-orders will cross against each other, maybe they are located above or below balance....
It might be a separate indicator concerning the requested feature or implemented in the attached one.
The parameters to be displayed graphically in an indicator window:
- equity
- balance
- free or used margin (be it graphically or by numerical display) optionally
- summary performance of all working buy-orders
- summary performance of all working sell-orders
The requested settings should be switched on or off by true/false-settings and the scale-settings resp. the display should be indicate visually also small movements, especially used in faster timeframes.
The benefit of such an indication might be to recognize, how buy- and sell-orders are located and how they do perform in reference to the balance and/or equity.
Regards
Over60
Enter Signature
- #6,207
- Oct 26, 2014 7:26pm Oct 26, 2014 7:26pm
- Joined Oct 2012 | Status: private | 2,606 Posts
just do it
- #6,213
- Oct 27, 2014 7:56am Oct 27, 2014 7:56am
Hi,
It would be interesting if someone could code this manual system into an ea.
It is a simple and free system from Toshko Raychev (Well known throughout for being the world trading champ 3 times !):
After combining all the components together and testing them, the result is this very profitable system.
The system can be traded on a wide variety of currency pairs but in my own testing, I have found that it works best on the
GBPUSD, EURUSD, USDJPY and the AUDUSD currency pairs.
The system itself can be applied to all trading timeframes but based on the results of our tests we want to focus the majority
of our trading on the timeframes that have performed the best.
In particular, the H1 and H4 timeframes. Here’s a list of the indicators that we will be using:
* Pivot Points indicator with default settings
* Exponential Moving Average set to 50
* MACD set to 8,17,9
* RSI set to 14 period
THE RULES:
The rules for this trading system are very straightforward and easy to understand. It relies on simply observing the indicators
that we have on our charts and confirming that the conditions for a valid buy or sell signal are being met.
If all of the conditions for either a Buy or Sell trade are met, we may proceed to entering the trade by placing a market order on our trading platform.
It is important to wait for the current candle to close then confirm the conditions for entry are being met before entering the market
with a trade. Here’s a list of the rules for buy and sell trades:
BUY TRADE RULES
1. The current price candle should be above the 50 EMA.
2. The MACD histogram should be above the zero level.
3. The RSI should be above the 50 line.
4. The entry is above a broken Pivot Points support or resistance line.
5. The Stop Loss is placed below the closest/next Pivot Point level.
6. The Take Profit is placed at the nearest Pivot Point level.
SELL TRADE RULES
1. The current price candle should be below the 50 EMA.
2. The MACD histogram should be below the zero level.
3. The RSI should be below the 50 line.
4. The entry is below a broken Pivot Points support or resistance line.
5. The Stop Loss is placed above the closest/next Pivot Point level.
6. The Take Profit is placed at the nearest Pivot Point level.
EXAMPLES:
BUY TRADE EXAMPLE 1
Here is an example of buy trade on the EURUSD H1 chart. The setup has met the system rules for a long position
At point 1, MACD Histogram is above 0.
At point 2, RSI indicator is over 50.
At point 3, the price is above EMA 50.
At point 4, the candle closed above the Pivot Point Level and I entered the trade.
At point 5, I placed the Take Profit at the first Pivot Point Level above the entry.
At point 6, I placed the Stop Loss at the first Pivot Point Level below the entry
BUY TRADE EXAMPLE 2
Here is another example of the long trade on the EURUSD currency pair:
At point 1, MACD Histogram is above 0.
At point 2, RSI indicator is over 50.
At point 3, the price is above EMA 50.
At point 4, the candle closed above the Pivot Point Level and I entered the trade.
At point 5, I placed the Take Profit at the first Pivot Point Level above the entry.
At point 6, I placed the Stop Loss at the first Pivot Point Level below the entry.
SELL TRADE EXAMPLE 1
Here you’ll find the example of the short trade.
At point 1, MACD Histogram is below 0.
At point 2, RSI indicator is below 50.
At point 3, the price is below EMA 50.
At point 4, the candle closed below the Pivot Point Level and I entered the trade.
At point 5, I placed the Take Profit at the first Pivot Point Level below the entry. Notice that the second Pivot Point Level was
used as a target, since the price closed very close to the first Pivot Point Level. In cases like this, we’re may use the next Pivot Point Level as our target.
At point 6, I placed the Stop Loss at the first Pivot Point Level above the entry.
SELL TRADE EXAMPLE 2
Let’s take a look at another short trade example:
At point 1, MACD Histogram is below 0.
At point 2, RSI indicator is below 50.
At point 3, the price is below EMA 50.
At point 4, the candle closed below the Pivot Point Level and I entered the trade.
At point 5, I placed the Take Profit at the first Pivot Point Level below the entry.
At point 6, I placed the Stop Loss at the first Pivot Point Level above the entry.
All package, files + manual here:
https://www.sendspace.com/file/jn497l
Thanks in advance, i think that it could be profitable for everyone !http://worldwide-invest.org/images/smilies/cool.png
It would be interesting if someone could code this manual system into an ea.
It is a simple and free system from Toshko Raychev (Well known throughout for being the world trading champ 3 times !):
After combining all the components together and testing them, the result is this very profitable system.
The system can be traded on a wide variety of currency pairs but in my own testing, I have found that it works best on the
GBPUSD, EURUSD, USDJPY and the AUDUSD currency pairs.
The system itself can be applied to all trading timeframes but based on the results of our tests we want to focus the majority
of our trading on the timeframes that have performed the best.
In particular, the H1 and H4 timeframes. Here’s a list of the indicators that we will be using:
* Pivot Points indicator with default settings
* Exponential Moving Average set to 50
* MACD set to 8,17,9
* RSI set to 14 period
THE RULES:
The rules for this trading system are very straightforward and easy to understand. It relies on simply observing the indicators
that we have on our charts and confirming that the conditions for a valid buy or sell signal are being met.
If all of the conditions for either a Buy or Sell trade are met, we may proceed to entering the trade by placing a market order on our trading platform.
It is important to wait for the current candle to close then confirm the conditions for entry are being met before entering the market
with a trade. Here’s a list of the rules for buy and sell trades:
BUY TRADE RULES
1. The current price candle should be above the 50 EMA.
2. The MACD histogram should be above the zero level.
3. The RSI should be above the 50 line.
4. The entry is above a broken Pivot Points support or resistance line.
5. The Stop Loss is placed below the closest/next Pivot Point level.
6. The Take Profit is placed at the nearest Pivot Point level.
SELL TRADE RULES
1. The current price candle should be below the 50 EMA.
2. The MACD histogram should be below the zero level.
3. The RSI should be below the 50 line.
4. The entry is below a broken Pivot Points support or resistance line.
5. The Stop Loss is placed above the closest/next Pivot Point level.
6. The Take Profit is placed at the nearest Pivot Point level.
EXAMPLES:
BUY TRADE EXAMPLE 1
Here is an example of buy trade on the EURUSD H1 chart. The setup has met the system rules for a long position
At point 1, MACD Histogram is above 0.
At point 2, RSI indicator is over 50.
At point 3, the price is above EMA 50.
At point 4, the candle closed above the Pivot Point Level and I entered the trade.
At point 5, I placed the Take Profit at the first Pivot Point Level above the entry.
At point 6, I placed the Stop Loss at the first Pivot Point Level below the entry
BUY TRADE EXAMPLE 2
Here is another example of the long trade on the EURUSD currency pair:
At point 1, MACD Histogram is above 0.
At point 2, RSI indicator is over 50.
At point 3, the price is above EMA 50.
At point 4, the candle closed above the Pivot Point Level and I entered the trade.
At point 5, I placed the Take Profit at the first Pivot Point Level above the entry.
At point 6, I placed the Stop Loss at the first Pivot Point Level below the entry.
SELL TRADE EXAMPLE 1
Here you’ll find the example of the short trade.
At point 1, MACD Histogram is below 0.
At point 2, RSI indicator is below 50.
At point 3, the price is below EMA 50.
At point 4, the candle closed below the Pivot Point Level and I entered the trade.
At point 5, I placed the Take Profit at the first Pivot Point Level below the entry. Notice that the second Pivot Point Level was
used as a target, since the price closed very close to the first Pivot Point Level. In cases like this, we’re may use the next Pivot Point Level as our target.
At point 6, I placed the Stop Loss at the first Pivot Point Level above the entry.
SELL TRADE EXAMPLE 2
Let’s take a look at another short trade example:
At point 1, MACD Histogram is below 0.
At point 2, RSI indicator is below 50.
At point 3, the price is below EMA 50.
At point 4, the candle closed below the Pivot Point Level and I entered the trade.
At point 5, I placed the Take Profit at the first Pivot Point Level below the entry.
At point 6, I placed the Stop Loss at the first Pivot Point Level above the entry.
All package, files + manual here:
https://www.sendspace.com/file/jn497l
Thanks in advance, i think that it could be profitable for everyone !http://worldwide-invest.org/images/smilies/cool.png
- #6,219
- Oct 28, 2014 4:18am Oct 28, 2014 4:18am
{quote} You will need to consider how you use this flag and when to reset it. While "OrderPlaced = TRUE;" the code will not place another trade. At some point this will need to be set to false, at which time the EA will again place orders. My suggestion was to reset after all trades are closed out, but you can do so at any time and additional orders will then be placed.
Anyway, many thanks for your assitance so far.