Results 1 to 5 of 5
  13 13 Attachment(s)    

Thread: Price Bounce Off of MA EA - Excellent Potential Needs Modifications

  1. #1

    Default Price Bounce Off of MA EA - Excellent Potential Needs Modifications

    Hello Funyoo,

    This EA seems to have excellent profit potential but it needs some modifications. It doesn't seem to be taking all of the trades it should take according to the parameters. Could you look at the code and make any corrections necessary.

    Also with MM True the money management increases lots too much and crashes EA. With MM FALSE it closes out the trades at some stop according to Journal Tab but I can't seem to figure out why.

    It need your Lots Optimized money management and Martingale.

    I have attached EA, Template and Set files below with tow different Back test strategies with MM True and MM False.

    The parameters are as follows...

    The trades should open as soon as price touches the envelope. We don't wait for the candle to close.
    When price comes from above we go Long. When Price comes from Below we go SHORT.



    We use 62 EMA with a 10 Pip Envelope.

    The strategy is being discussed here > Price Bounce Off MA EA @ Forex Factory

    I have also attached Indicator but it is not needed. MA_Bounce_Candle_Indicator

    The EA is Price_Bounce_Off_MA_v.2f.mq4

    Would you also do a backtest and optimize for 2010 on any Eur USD time frame of your choice please.

    Thanks,
    kneal

    UPDATE: It is being said that it makes a rising curve and then crashes because it has no stop loss or exit strategy and it is supposed to buy and sell.

    I hope you will take the time to perfect this EA Funyoo... surely you have the knowledge to see what it needs.
    Last edited by kneal; 12-05-2010 at 22:48.

  2. #2

    Default

    OK... after doing some optimization I found it's best to have TP at 10 and 20 rather than the 45 and 90 they have in the original strategy because now it is buying and selling like it is suppose to.

    Just one problem... since the max trades is set to 1 according to the main strategy the EA got hung up in taking a sell trade and got caught in an uptrend on July 13. No more trades could be taken for the rest of the year.

    See pic below.

    The money management still sucks...

    It needs your
    Lots Optimized,
    Max Lots,
    One Lot Per Bar
    A time feature to close hung up trades like the one below in a certain time frame so the EA can continue trading.

    And just for the sake of it... see if you think the trade logic is correct.

    UPDATE I just attached the latest version of the EA which has max Trades separate for both Buy and Sell in hopes to stop hung up trades like below but it doesn't stop the trade from hanging even wit Max trades set to 3

    Thanks,
    kneal
    Attached Images Attached Images Price Bounce Off of MA EA - Excellent Potential Needs Modifications-stopped-trading-gif 
    Attached Files Attached Files
    Last edited by kneal; 12-06-2010 at 07:30.

  3. #3

    Default

    Funyoo, I think the above strategy is useless without a defined exit strategy

    What if we change the strategy to this??

    See pic below. We can make at least 20 pip gains in this scenario.

    Do you think it will work? This way you won't need a stop loss will you?

    I think the trend will need to be confirmed before taking trade with MA or maybe let the EA search for exit/entry point with a set TP in mind in case the trend changes abruptly. So it will enter above or below the initial buy/sell point. Maybe we could get the confirmation with a filter such as I Trend.

    The buy and sell have to be taken immediately when candle touches outer band. Don't wait for the candle to close.
    Attached Images Attached Images Price Bounce Off of MA EA - Excellent Potential Needs Modifications-test-strat-gif 
    Attached Files Attached Files
    Last edited by kneal; 12-06-2010 at 18:29.

  4. #4

    Default

    That's not going to work either.... oh well, You just disregard this thread Funyoo. No need in wasting your time on it. The EA is useless.

  5. #5
    Administrator funyoo's Avatar
    Join Date
    Sep 2008
    Posts
    7,003

    Default

    Quote Originally Posted by kneal View Post
    That's not going to work either.... oh well, You just disregard this thread Funyoo. No need in wasting your time on it. The EA is useless.
    Hi kneal,

    Ok, thanks for sharing this EA anyway.

Similar Threads

  1. Very High Potential EA.. HELP NEEDED.. SAR - ADX
    By holysabre in forum Ideas for expert advisors
    Replies: 32
    Last Post: 07-30-2012, 21:55
  2. Replies: 5
    Last Post: 12-13-2010, 12:30
  3. Modifications for a 5 digits broker
    By funyoo in forum MQL programming
    Replies: 25
    Last Post: 11-30-2010, 23:18
  4. Two Potential Double Tops
    By SRTrader in forum Technical analysis
    Replies: 4
    Last Post: 05-25-2010, 15:22
  5. Modifications for ECN brokers
    By funyoo in forum MQL programming
    Replies: 6
    Last Post: 01-11-2010, 14:53

Tags for this Thread

backtest, candle, change, eur, funyoo, indicator, main, martingale, money, price bounce off ma, profit, stop, strategies, strategy, test, time, trading, trend, usd

Posting Permissions

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