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Thread: Slope Direction Line EA

  1. #31
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    Hi

    The DD was 38.46%, account starting balance was $3000 and profit at end was $1281.52 !

    Test date 2008.01.01 - 2009.04.12

    Quote Originally Posted by rptrader View Post
    wannaberich,

    What was the DD percent and what was the return percent?

    Thanks
    rptrader

  2. #32

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    Quote Originally Posted by wannaberich View Post
    Hi

    The DD was 38.46%, account starting balance was $3000 and profit at end was $1281.52 !

    Test date 2008.01.01 - 2009.04.12
    Thanks wannaberich!

    rptrader

  3. #33
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    I have also found if you include a TP like 200 or something like that your DD can drop even more while your profits can also increase, its all about trial and error

    I just did a test with a TP at 200 and my DD went down to 30.65% even though my profit this time was about the same! still any decrease in DD is better than nothing!

    all i did was inluded a 200 TP along with a 200 TS!

    Quote Originally Posted by rptrader View Post
    Thanks wannaberich!

    rptrader
    Last edited by wannaberich; 04-17-2009 at 03:49.

  4. #34

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    Funyoo or anyone that knows mq4 programming,

    Could someone please update the Slopeline EA with the additions from post #17 (as I think they would definitely make this EA's profitability better for figuring out the trend)?
    Attached Images Attached Images Slope Direction Line EA-zz-sl-acs-system-jpg Slope Direction Line EA-test-zz-acs-trix-system-jpg 
    Last edited by bnbb2004; 04-20-2009 at 13:41.

  5. #35

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    przem81621,

    Your Slopeline Array EA didn't place any trades last week. Is this normal?

  6. #36

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    Quote Originally Posted by bnbb2004 View Post
    przem81621,

    Your Slopeline Array EA didn't place any trades last week. Is this normal?
    yes
    indi rsi_array is very insensitive. i've one trade

  7. #37
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    Here is a second version that will allow more optimization. Also the possibility to enter as soon as possible.

    Download :
    Slope Direction Line EA v2 (available in the Elite section)

  8. #38
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    Hi funyoo,

    I would like to have a look at that Slope Direction line EA V2 that you propose, but the system wouldn't let me... Can you help?

  9. #39
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    Quote Originally Posted by funyoo View Post


    Here is an EA based on the popular Slope Direction Line indicator.

    We enter buy orders if it goes up,

    We enter sell orders if it goes down.

    EU H4. On one year.

    Total net profit : 154.09%
    RDD : 29.09%
    Mate, can you please add my strategy to this original Slope Direction Indicator. Can you create this EA for me please:

    Trading Rules to Create “Alhamdullia EA”

    Strategy Name: AlhamDullia V2 Strategy H1
    Indicators used that affects the strategy:

    1. Slope direction line Settings: (period=40, Method= 3, Price = 0, email =1, sound =1)
    2. ATX (21) – Average directional movement
    3. ATR (21) – Average true range
    4. Special macd indicator – called "Alhamdullila V2 Macd 2 colour Histogram" this is attached Settings ( 5, 35, 5)

    How the Alhamdullila V2 strategy works:
    The actual final EA is very simple as follows:
    Please see teh attached flow chart and also used the customer MACD indicator

    Long Entry ( see the flow chart below)
    Enter a LONG position when all following conditions are met-

    1. After the close of the candle;
    2. When ATX > 20 (Trending market);
    3. And MACD>0
    This Customer indicator “Alhamdullila V2 MACD 2 color Histogram” is GREEN
    i.e. (is positive);
    4. And T-Up indicator’s color is blue
    Short Entry
    Enter a SHORT position when all following conditions are met-

    1. After the close of the candle;
    2. When ATX > 20 (Trending market);
    3. And MACD<0
    This Customer indicator “Alhamdullila V2 MACD 2 color Histogram” is RED
    i.e. (is positive);
    4. And T-Up indicator’s color is RED

    Stop loss, Profit Targets and exits
    Exit trade with which ever of the following is met ( this is all done by the manageTpV2-4 code:
    1. Initial Stop loss is set at value of 45pips -(make this user variable- can be adjusted my user).
    2. Profit targets reached--(make this user variable- can be adjusted my user).
    These are very important points to consider
    1. The EA should have a reset a flag so that once we get out of a trade (profit reached or stopped out); we don’t get back into the new trade unless the MACD crosses zero line. This prevents the EA from taking continues erroneous trade after exiting it.
    2. By testing ADX first, we will be able to enter into a trade when the ADX rises from below level 20, even if this happens after T-up and MACD indicators confirms. See Fig 3 below
    3. Only one trade permitted per chart.
    4. Pair = Any
    5. Timeframe = Any.
    6. Position will be executed only when the above criteria is met after the close of the candle.
    7. If Internet connection broken, this EA has ability to continue it's function
    Attached Files Attached Files

  10. #40

    Question Any reports amegia

    Quote Originally Posted by amegia View Post
    ...
    Trading Rules to Create “Alhamdullia EA”

    Strategy Name: AlhamDullia V2 Strategy H1
    Indicators used that affects the strategy:

    1. Slope direction line Settings: (period=40, Method= 3, Price = 0, email =1, sound =1)
    2. ATX (21) – Average directional movement
    3. ATR (21) – Average true range
    4. Special macd indicator – called "Alhamdullila V2 Macd 2 colour Histogram" this is attached Settings ( 5, 35, 5)
    ...
    amegia, Do you have any reports for how your strategy runs.
    I assume you have been running it manually & maybe miss some signals, but any indication of profitability that you can give?

    cheer bt2

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