Page 1 of 5 123 ... LastLast
Results 1 to 10 of 42
  16 16 Attachment(s)    

Thread: Candle Open Expert Advisor

  1. #1
    Administrator funyoo's Avatar
    Join Date
    Sep 2008
    Posts
    7,002

    Default Candle Open Expert Advisor

    An EA based on an idea proposed by automatic :

    buy/sell condition attached to x pts from open of candle.

    if price x pts above candle open then buy 1 if price moves x pts below open [close buy position] sell one.

    only 1 position open at any time.

    when candle close then close buy/sell.

    repeat on open next candle.

    begin/end at time of day.

    usual parameters and comments.

    useful for day, 4h, 1 h candles.
    Attached Files Attached Files

  2. #2
    Administrator funyoo's Avatar
    Join Date
    Sep 2008
    Posts
    7,002

    Default

    EU H4. On one year.

    XPipsUnderOver=40. Reverse=true.

    Total net profit : 13.64%
    RDD : 11.08%
    Attached Images Attached Images Candle Open Expert Advisor-strategytester-candle-open-expert-advisor-eu-h4-40-pips-gif 

  3. #3
    Administrator funyoo's Avatar
    Join Date
    Sep 2008
    Posts
    7,002

    Default

    GU H4. On one year.

    XPipsUnderOver=80. Reverse=true.

    Total net profit : 17.90%
    RDD : 12.42%
    Attached Images Attached Images Candle Open Expert Advisor-strategytester-candle-open-expert-advisor-gu-h4-80-pips-gif 

  4. #4
    Administrator funyoo's Avatar
    Join Date
    Sep 2008
    Posts
    7,002

    Default

    EY H4. On one year.

    XPipsUnderOver=140. Reverse=true.

    Total net profit : 23.33%
    RDD : 9.27%
    Attached Images Attached Images Candle Open Expert Advisor-strategytester-candle-open-expert-advisor-ey-h4-140-pips-gif 

  5. #5

    Default

    reverse would mean selling 1 at x pts when above open and buying 1 when below?

  6. #6
    Administrator funyoo's Avatar
    Join Date
    Sep 2008
    Posts
    7,002

    Default

    Quote Originally Posted by automatic View Post
    reverse would mean selling 1 at x pts when above open and buying 1 when below?
    That's exact.

  7. #7

    Default

    i'm using it on 1hr chart with confirm order and no parameters and watching a 1 min chart with some ma's for confirmation of likely direction. that way not too many orders. otherwise its a bit of machine gun with the orders.

    so far so good.

  8. #8
    Administrator funyoo's Avatar
    Join Date
    Sep 2008
    Posts
    7,002

    Default

    I have added a MA filter.

    XP="---------------- XPips Settings"; XPipsUnderOver=138; LM="---------------- Lot Management"; Lots=0.1; MM=false; Risk=10; Martingale=false; Multiplier=1.5; MinProfit=0; TSTB="---------------- TP SL TS BE"; SL=0; TP=400; TS=0; BE=0; EXT="---------------- Extras"; Reverse=true; Add_Positions=false; MaxOrders=100; MAFilter=true; MAPeriod=20; MAMethod=2; MAPrice=1; TimeFilter=true; StartHour=13; EndHour=23; Magic=0;

    EY H4. One year.

    Total net profit : 33.32%
    RDD : 4.17%
    Attached Images Attached Images Candle Open Expert Advisor-strategytester-candle-open-expert-advisor-ma-filter-ey-h4-gif 
    Attached Files Attached Files

  9. #9
    Administrator funyoo's Avatar
    Join Date
    Sep 2008
    Posts
    7,002

    Default

    MM enabled.

    EY H4. One year.

    Total net profit : 460.51%
    RDD : 29.33%
    Attached Images Attached Images Candle Open Expert Advisor-strategytester-candle-open-expert-advisor-ma-filter-ey-h4-mm-gif 
    Attached Files Attached Files

  10. #10

    Default

    how does the MA filter modify opening orders? If open under MA only sell?

    thanks

Similar Threads

  1. Candle close - Expert Advisor
    By Sachse in forum Ideas for expert advisors
    Replies: 7
    Last Post: 04-18-2016, 21:09
  2. Candle Stick trading Expert Advisor - FREE TRIAL!
    By instafxsk in forum Commercial expert advisors
    Replies: 0
    Last Post: 12-05-2014, 09:54
  3. Candle Patterns Expert Advisor
    By funyoo in forum Expert advisors live statements
    Replies: 23
    Last Post: 07-28-2013, 08:56
  4. How program EA for to open order when candle open?
    By Fonscky in forum MQL programming
    Replies: 0
    Last Post: 08-19-2010, 21:56
  5. Candle Open Expert Advisor
    By funyoo in forum Expert advisors live statements
    Replies: 0
    Last Post: 01-15-2009, 19:22

Tags for this Thread

100, advisor, automatic, average, backtesting, broker, candle, candles, change, closing, color, currency pairs, eur, expert, expert advisor, high, low, magic, manual, martingale, moving average, mq4, mql, partial close, price action, profit, programming, real, request, server, simple, stoploss, strategy, system, test, thank you, time, timefilter, trailing

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •