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Thread: PriceChannel EA

  1. #1

    Default PriceChannel EA

    Hi Funyoo!

    Could you please create an EA for me based on the Price Trend indicator?

    Rules --
    * Buy on blue signal
    * Sell on yellow signal

    Features --
    * Multiorders or multitrades (1-3) changeable to true/false
    * SL, TP, BE, TS
    * Start/End Time
    * Magic Number
    * Email alert (when trade is opened and closed if possible)
    * Exits on TP or when opposite signal is given

    Thanks,

    Nicky
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    Last edited by bnbb2004; 12-27-2008 at 00:03.

  2. #2
    Administrator funyoo's Avatar
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    Hi bnbb2004,

    Here is the PriceChannel EA.

    For the multiorders, you have to attach the EA to several charts with different magic numbers.
    Attached Files Attached Files

  3. #3

    Default

    Thanks funyoo! :-)

  4. #4

    Default

    Quick question about when the EA opens positions...

    I received a BUY signal (on 1H chart) at 05:00, and I just placed the EA on my charts. But, it's 06:25 and the EA placed a trade at that the incorrect time (as the signal was produced 1 hour 25 minutes earlier). :-|

    It also keeps opening new positions after one has closed but a new signal has not been produced yet as its now 06:38.

    Could you please shed some light on this for me?

    Thanks,

    Nicky
    Last edited by bnbb2004; 12-29-2008 at 06:41.

  5. #5
    Administrator funyoo's Avatar
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    Quote Originally Posted by bnbb2004 View Post
    I received a BUY signal (on 1H chart) at 05:00, and I just placed the EA on my charts. But, it's 06:25 and the EA placed a trade at that the incorrect time (as the signal was produced 1 hour 25 minutes earlier). :-|

    It also keeps opening new positions after one has closed but a new signal has not been produced yet as its now 06:38.

    Could you please shed some light on this for me?
    The EA requires a second bar to confirm the signal, otherwise you will get many false signals. Here is another version to avoid to get other positions.
    Attached Files Attached Files

  6. #6

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    Thanks for the new version! But, is there anyway to get the EA to open the position up on the signal (and not the second bar confirmation - maybe we can make that option true/false)?

  7. #7
    Administrator funyoo's Avatar
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    Quote Originally Posted by bnbb2004 View Post
    Thanks for the new version! But, is there anyway to get the EA to open the position up on the signal (and not the second bar confirmation - maybe we can make that option true/false)?
    No, I have tried, it generates too many bad signals.

  8. #8

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    Ok, thanks for your help! :-)

Tags for this Thread

funyoo, indicator, magic, signal, signals, time, trend

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