UdineEA Official Thread - MT4/MT5 Resources

Hello everyone,
I want to share with you a simple EA opened by Udine coded for level 00 thread, I prefer to open a separate thread so as not to clutter the original thread with posts related to this EA, so please ask questions related to this EA directly here instead of Udine's thread.

[Topic rules]
*Trolls, name-calling, flames of any kind are not allowed here. We are professional here and will behave professionally if we want to be successful in our pursuits.
*Inappropriate behavior will be punished by a permanent ban on the post and reporting to the site administrator.
* .
* I won't share the source code (.mq4) for several reasons: mainly because writing it requires a lot of work, I don't want to find it for sale on some scam site, and finally I want to have full control over its development and subsequent versions.
*There is no such thing as a free lunch, do your homework and study Udine's strategy. This EA is designed to help but does not replace the trader's knowledge in any way.
* Please do not ask me here (or PM) for "custom" changes to this EA. If you do this then I will charge an hourly rate because I am a professional coder and if you do need revisions or something then you have to pay for my time (which is limited due to my day job).
* I have no commercial interests here, all content here is shared for free in the spirit of helping others, if anyone tries to sell my EA, please report it.

[Notice]
I think using w if the EA does not understand its logical encoding, its limitations, what it can or cannot do, is a recipe for disaster.
That's why during the first testing phase I lock the EA to run only on demo accounts and for a limited time (usually at the end of every month to make sure everyone is on the latest version) and then in due course I will share the new version to be traded on real accounts.
This way we can test it more deeply to find hidden bugs and most importantly understand the logic behind Udine's strategy (which, by the way, is very simple if you take the time to study it).
It should be noted that this EA cannot be backtested properly due to the presence of the news filter, so I do not fully trust it, since I cannot figure out its statistical behavior, so I cannot evaluate its weaknesses and limitations (maximum drawdown, maximum consecutive loss, ...)
Finally, since this EA works with TP 5 and SL 10, it is very important that you choose a regulated ECN broker. Spreads are allowed on official currency pairs below 2 pips (EJ, EU, GJ, GU)

[Technical details]
Latest version: 1.1.8 [May 30, 2015]
Expiration Date: Unlimited <br> Account Type: All (Demo + Live)
Timetable: M30 (Locked)
Risk per trade: < 4% (locked in)
Pairings: EURUSD, EURJPY, GBPJPY, GBPUSD (locked)
Entry Type Coding: Level 1 (refer to Udine's post)

[User parameters]
LotSize (default = 0.01) // Only used when MoneyManagement is false (deprecated)
StopLoss (default = 10) // stop loss point
TakeProfit (default = 5) // Take profit in points
MoneyManagement (default = true) // If true, orders are opened based on the account's risk percentage (deprecated)
Risk (default = 2) //Only used when MoneyManagement is true - do not use too high a risk (recommended maximum value is less than 4%)
MaxLossesPerDay (default = 4) // The maximum loss allowed per day. If it reaches the EA, it will stop opening trades throughout the day.
TradeOnlyLondon (default = true) // If true the EA trades only during the London session (7 GMT - 16 GMT), if false the EA trades always (not recommended)
TrailingStop (default = 3.5) // Trailing stop (in points)
DailyTargetPercentage (default = 2) // The daily target as a percentage of the account balance, when the EA reaches this value it stops trading for the day.
PairSuffix (default = "") // Currency pair suffix, in case your broker supports it (i.e. GBPJPYi or EURUSDmicro, etc...)
GUI_X = x-axis of the UI in pixels
GUI_Y = y-axis of the UI in pixels

【Mandatory indicators】
Wuka_News
FF Karl-Uka’s absolute strength history

[Template indicator]


[screenshot]


[EA Rules]
This EA is designed to place and manage trades according to the level 1 rules of the Udine 00 level strategy, specifically to collect all important information and display it on the chart screen.
The EA will scan the chart and trade according to simple rules, it will check the daily opening price and only go long if the price is higher, and go short if the price is lower.
Only one trade will be open per hour, and all orders will be completed through pending orders. If the pending order is not triggered, it will be deleted 5 minutes before the M30 candle closes.
At the beginning of each M30 candle, the EA will place an order at the .00 level only if the ASH (AbsoluteStrenghtHisto) color changes from red to green (long - above the daily open price) or from green to red (short - below the daily open price).
The EA is designed to open only at the 0.00 level (not the 0.50 level) and only works with EJ, EU, GU, GJ ( please do not ask about other currencies, indices, metals, CFDs, etc...! )
The EA will display a yellow line on the chart, which is intended to be a "potential" entry point. If all conditions are met, the EA will automatically place a pending order.
There will be no trading one hour before and half an hour after the big red news for EUR, JPY, GBP, and USD.
If there is no pip space left in the ADR (up or down depending on the daily open interest), no trade will be taken. If long at the 0.900 level or short at the 0.100 level, no trade will be taken. If the daily maximum loss is reached, no trade will be taken.
If the daily target level is reached for the day, no trades will be made.
No trading will be done before the London Open and after the London Close (if TradeOnlyLondon is set to true), especially since the EA automatically detects the London Open and Close times.

[EA installation]
Extract UdineEA_package.rar directly to the MT4 root directory (C:\...\{your MT4 folder}\) and you will find UdineEA, the indicators and templates I currently use in Udine EA.
After extracting all the files, just open the platform and select Udine EA template.tpl from the list of templates and you are good to go (just in case, if some indicators are missing, check the "Experts" and "Log" tabs).
Finally, be sure to see a smiley face in the upper right corner of the screen, which indicates that UdineEA is running normally.

[Thanks]
This thread and UdineEA probably only exist through the great thread started by Udine and his very sound trading method which is helping many traders to be successful, thank you very much Udine!

cheers,
skyline