My 1st EA...Aww bless (My 1st EA...Aww bless) - MT4/MT5 Resources
thread
This is a continuation of what has already been said here... http://www.forexfactory.com/showthread.php?t=197033
This area of the forum is more suitable for discussion topics.
This is my plan for this topic.
In the spirit of FF, I'm going to share my EA with you all, without the help of some FF members, EA wouldn't exist in the first place.
I'm going to post the compiled EA instead of the code, I think it will help keep the thread organized rather than having 20 versions of the same EA.
If you download and test the EA, I'd like you to post and let everyone know what settings you are using and provide a link to the mt4stats page so we can all see how that particular .set performs.
I will then take this information from each post and add it to post number 1 with a link so we can all easily review and evaluate it.
This should help reduce duplication of effort.
I hope you agree this seems like a good plan, let's keep it productive and the thread active and produce lots of results.
system
I first got the idea for this system when I was trying out the 10p3 variant. In 10p3 I saw a lot of small profits, but ultimately the system, like the martingale, suffered huge losses.
I thought to myself, why not turn this around and take a lot of small losses, huge losses when the system goes wrong, and huge profits when the system works.
The entry is the same as the 10p3 I first used, and all logic is reversed from there.
The following are the input variables for default values and an explanation of their meaning:
All profit and loss prices are formatted as 0.00150 which works for 4 and 5 digit brokers and my programming skills are not up to par.
Take Profit = 0.01500;
This value is the final target and all orders you place will have this value.
Stop loss = 0.00100;
Starting from the second order, all orders will be modified to have a stop loss of this many pips.
Initial stop loss = 0.00100;
The first order can only have a different value than the other orders, and when the second order is placed, the stop loss will be the "StopLoss" value.
multiplier=2;
The next order will be many times larger than the previous order, set to 1 if you don't want the order size to increase. If it can be 1.1 or 2.34, whatever you want, but it can't be zero.
Lot size = 0.01;
First order size.
Magic number = 801369;
I'm sure you all know this by now.
pip = 0.00300;
When your first order is profitable by that much, your second order will be opened, the third and fourth and so on until your profit value is reached (or very close to the order becoming invalid)
reversesignal = false;
This reverses the entry from buy to sell or vice versa.
Slippage=0;
For slippage, remember the format of 0.0001.
result
I'll start by presenting my results and setup.
=====================================================================
I do have MT4 statistical charts here, but the site keeps going down and I have switched to
http://www.myfxbook.com/members/BenScoobert
=========================================================================================
Hope to hear from you soon and see some results put on this page.
http://benscoob100100.mt4stats.com
This is a continuation of what has already been said here... http://www.forexfactory.com/showthread.php?t=197033
This area of the forum is more suitable for discussion topics.
This is my plan for this topic.
In the spirit of FF, I'm going to share my EA with you all, without the help of some FF members, EA wouldn't exist in the first place.
I'm going to post the compiled EA instead of the code, I think it will help keep the thread organized rather than having 20 versions of the same EA.
If you download and test the EA, I'd like you to post and let everyone know what settings you are using and provide a link to the mt4stats page so we can all see how that particular .set performs.
I will then take this information from each post and add it to post number 1 with a link so we can all easily review and evaluate it.
This should help reduce duplication of effort.
I hope you agree this seems like a good plan, let's keep it productive and the thread active and produce lots of results.
system
I first got the idea for this system when I was trying out the 10p3 variant. In 10p3 I saw a lot of small profits, but ultimately the system, like the martingale, suffered huge losses.
I thought to myself, why not turn this around and take a lot of small losses, huge losses when the system goes wrong, and huge profits when the system works.
The entry is the same as the 10p3 I first used, and all logic is reversed from there.
The following are the input variables for default values and an explanation of their meaning:
All profit and loss prices are formatted as 0.00150 which works for 4 and 5 digit brokers and my programming skills are not up to par.
Take Profit = 0.01500;
This value is the final target and all orders you place will have this value.
Stop loss = 0.00100;
Starting from the second order, all orders will be modified to have a stop loss of this many pips.
Initial stop loss = 0.00100;
The first order can only have a different value than the other orders, and when the second order is placed, the stop loss will be the "StopLoss" value.
multiplier=2;
The next order will be many times larger than the previous order, set to 1 if you don't want the order size to increase. If it can be 1.1 or 2.34, whatever you want, but it can't be zero.
Lot size = 0.01;
First order size.
Magic number = 801369;
I'm sure you all know this by now.
pip = 0.00300;
When your first order is profitable by that much, your second order will be opened, the third and fourth and so on until your profit value is reached (or very close to the order becoming invalid)
reversesignal = false;
This reverses the entry from buy to sell or vice versa.
Slippage=0;
For slippage, remember the format of 0.0001.
result
I'll start by presenting my results and setup.
=====================================================================
I do have MT4 statistical charts here, but the site keeps going down and I have switched to
http://www.myfxbook.com/members/BenScoobert
=========================================================================================
Hope to hear from you soon and see some results put on this page.
http://benscoob100100.mt4stats.com
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