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Thread: Request: Broken channel EA

  1. #1
    Junior Member
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    Oct 2009
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    Wink Request: Broken channel EA

    Hello Funyoo
    First of all sorry for my English but it is not my language!
    I have developed a strategy that far in the manual mode proved to be good and I was wondering if you could elaborate a EA so as to make it automatic ..
    For my strategy are the following indicators:

    - 18 EMA & 28 EMA (in red) that forming a tunnel
    - 5 WMA (in blue) & 12 WMA (in yellow) WMA means methodically Linear Weighted
    - RSI = 21
    timeframe-1H tested only EUR\USD but probably will work for other currency pairs with similar volatility

    ENTRY
    LONG: 5 WMA & 12 WMA cross the red tunnel upwards and the RSI indicator is greater than 50

    SHORT: When 5 WMA & 12 WMA cross the red tunnel downwards and the RSI indicator is less than 50

    Do not open the position until both moving averages have not crossed the tunnel completely

    EXIT
    5WMA crosses and crosses completely 12WMA. Add an option to select a number of pips to specify HOW THE PIPS 5WMA must cross the 12WMA so that the trade is closed. This is because I noticed that sometimes the two lines touch or even overlap but no greater than the other ...

    Also add an option to open a second order (exactly with the first) with take profit of X pips (customizable). If the take profit not be achieved, this order will be closed along with the first (according to the output mode that I described earlier) That should help (I hope) in the case of high market volatility, to at least make some profit.

    That's all .... also add the usual options of your EA (lots, timeframe ecc ..).... I test it on demo, I'll see if it will work and whether they will require change. I enclose a picture to clarify it all .... I know it will require much work on your part but I thank you in advance!
    Attached Images Attached Images Request: Broken channel EA-sistem-picture-png 
    Last edited by Stefano; 02-15-2010 at 22:52.

  2. #2

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    hi stefano,
    can you share the template of the image above please?
    thanks


    x funyoo: can you also add at this ea tp sl and trailing stop and also time filter?


    thanks

  3. #3
    Administrator funyoo's Avatar
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    Default

    Quote Originally Posted by Stefano View Post
    Hello Funyoo
    First of all sorry for my English but it is not my language!
    I have developed a strategy that far in the manual mode proved to be good and I was wondering if you could elaborate a EA so as to make it automatic ..
    For my strategy are the following indicators:

    - 18 EMA & 28 EMA (in red) that forming a tunnel
    - 5 WMA (in blue) & 12 WMA (in yellow) WMA means methodically Linear Weighted
    - RSI = 21
    timeframe-1H tested only EUR\USD but probably will work for other currency pairs with similar volatility

    ENTRY
    LONG: 5 WMA & 12 WMA cross the red tunnel upwards and the RSI indicator is greater than 50

    SHORT: When 5 WMA & 12 WMA cross the red tunnel downwards and the RSI indicator is less than 50

    Do not open the position until both moving averages have not crossed the tunnel completely

    EXIT
    5WMA crosses and crosses completely 12WMA. Add an option to select a number of pips to specify HOW THE PIPS 5WMA must cross the 12WMA so that the trade is closed. This is because I noticed that sometimes the two lines touch or even overlap but no greater than the other ...

    Also add an option to open a second order (exactly with the first) with take profit of X pips (customizable). If the take profit not be achieved, this order will be closed along with the first (according to the output mode that I described earlier) That should help (I hope) in the case of high market volatility, to at least make some profit.

    That's all .... also add the usual options of your EA (lots, timeframe ecc ..).... I test it on demo, I'll see if it will work and whether they will require change. I enclose a picture to clarify it all .... I know it will require much work on your part but I thank you in advance!
    Hi Stefano,

    Here is Broken Channel EA.

    Quote Originally Posted by 823 View Post
    hi stefano,
    can you share the template of the image above please?
    thanks


    x funyoo: can you also add at this ea tp sl and trailing stop and also time filter?


    thanks
    Hi 823,

    Time filter added.
    Attached Files Attached Files

  4. #4
    Junior Member
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    Oct 2009
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    Default

    Thanks a lot Funyoo!

    Hi 823,
    here it is
    Attached Files Attached Files

  5. #5
    Junior Member
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    Oct 2009
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    Hi Funyoo,

    I'm currently testing the EA. This morning opened a position as shown in the image attached ... Can you change it so that open positions only and exclusively at the moment when the conditions are appropriate?... and also so that, after the opening of a position (for example BUY), open another in the opposite direction (in this case, SELL) ONLY after the first was closed by the exit signal and only when reappear the right conditions? Basically when you open a position not to open other until it is closed and does not reappear until the conditions for a new entry (in the opposite direction)

    If it is possible to program the EA in this way will be very interesting! Thank you!
    Attached Files Attached Files
    Last edited by Stefano; 02-18-2010 at 18:07.

  6. #6

    Default

    ....on backtest I have this error:

    invalid price 1.47209000 for orderclose function
    order close error 4107

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