HI SIR,
Can you pls do my EA if you are free.Waiting for you.
hi sheriffâŚ
can u make this indicator too EA,
the rules is simple :
- When crossing the MA to THE SNAKE & open second string did BUY
- When crossing SNAKE BELOW & MA to open second string did SELL
- When touching MA SNAKE start doing CLOSE
here is indicator file.theworld.xxx.id/Trading/BANDIT%20FLASH.rar
change xxx with web
thanks
Hi Hendr4, do you do this for a fee? Iâm just curious.
hi sherif
unfortunetly the ea i found is not working, could u plz send me the indicator u have done for me, bbands stop ea
http://www.lifesdream.org/mt4/free/bbands_stop/BBands%20Stop.mq4
I want it to work on 1 minute frame
thank u very much sherif
this indicator is free, i post in this thread hope someone in this thread will create EA for me
Hi Sheriff
Could you do me an EA for this strategy please Trendrunner by Ilza
TREND RUNNER
Trading Type : Swing Trading
Goal : To catch mid term swings in the direction of the over all trend.
Pairs : Any and all Forex pairs, metals, oils, stocks & CFDâs. I use AUD/USD, EUR/JPY, EUR/USD, GBP/JPY, GBP/USD, USD/CAD, USD/CHF & XAU/USD (GOLD).
Time Frames : 4 Hour and above is recommended. I use 4 Hour.
My broker: Oanda.
Indicators: 200 SMA (Levels 50 & -50), Support & Resistance (Barry) & Super Trend. I will include I extra tool called Signal bars Daily. It is not an indicator. You will not base trades off it. It is a MTF tool that shows you the over all strength of each TF for the pair it is on. It also has the daily open, high low pip count and current spread.
Money Management: Everyone has their own risk tolerance. Here I will explain my management. I begin the new month the same way. I begin with my current balance as displayed in my account. To that I add the margin being held by my broker for any current open trades. Finally I add the value of any secured profit on any open trades that have not yet been realized but have been secured by stoploss.
As a note, if your current trade is against you, be sure to minus the full 2% that was @ risk.
I use this value until the end of the month no matter how many wins or losses I have that month. Why you may ask? My risk is always 2% of balance per trade. But that amount changes with each trade. If I risk 2% after a win & take a loss, it will wipe out more then 2 % of the original balance amount. If I then take a trade based on the after loss balance & use 2% & it is a profitable trade, the amount will be less then I would have made had that amount been based on the original monthly amount. Get it?
Now, because the goal of this method is to catch mid term trends, we need to let the trade breath. I use a static stoploss of 100 pips for each trade on the H4 TF. The beginning of any trade is the highest level of risk you will take when you trade. The goal of trading is to minimize losses and maximize gains.
Management of your trade is important. What I do is once my trade is +30 pips to the good, I move my stop to BE +3. I do that because that will at minimum cover my interest and leave me a bit of profit should the trade go against me. After that point, for every 10 points of movement, I will add another pip to my BE. If, by the time you check, the market has moved in your direction but has come back a little, you will still add 1 pip for every 10 PIPS IT HAS MOVED IN YOUR FAVOR. For example, If the market has moved 100 pips in your favor but is now around say 60 pips, you should have a a BE +10. That way no matter what happens, you will secure 10% of the over all move. There is more below in the explanation of indicators. Please be sure to read that.
I know the above is a bit much to take in and might be a bit confusing. Here are 2 examples that might help:
Example 1:
June 1st balance = $ 9500. Current margin held by broker $1500 for trade 1 & $1500 for trade 2. Trade 1 has 125 pips secured @ a value of $2 USD a pip. Value $250. Trade 2 has 75 pips secured @ a value of $2 USD per pip. Value $150.
Add it up. 9500 + 1500 + 1500 + 250 + 150 = 12900. This amount, $12900, is going to be the basis of all trades executed during the current month. So I work that out as :
$12900 X 0.02 = $258. Now with a fixed 100 pip stop I divide 258 / 100 = $2.58. If you use MT4 for your trade execution, you will use 0.25 lots per trade. Its always better to round down then up. If, like me, you execute off Oanda FXTrade platform, you will use ( roughly) 25,800 units.
Example 2:
June 1st balance = $ 9500. Current margin held by broker $1500 for trade 1 & $1500 for trade 2. Trade 1 has 125 pips secured @ a value of $2 USD a pip. Value $250. Trade 2 has -50 pips @ a value of $2 USD per pip. Value -$100.
Add it up. 9500 + 1500 + 1500 + 250 - 200 = 12900. This amount, $12550, is going to be the basis off all trades executed during the current month. So I work that out as :
$12550 X 0.02 = $251. Now with a fixed 100 pip stop I divide 251 / 100 = $2.51. If you use MT4 for your trade execution, you will use 0.25 lots per trade. Its always better to round down then up. If, like me, you execute off of Oanda FXTrade platform, you will use ( roughly) 25,100 units.
Indicators & What They Are Used For:
200 Simple Moving Average (Levels 50 & -50) -
Attached Image
The 200 SMA is the most widely used and accepted Moving Average across all markets. It is especially useful in long term trading. In this method I use the 200 SMA to show the over all trend in the current TF. When price is below the line, I look for only shorts. It helps if the line is also trending down but it is not necessary. If you take a short trade because price closes under, I mean the price, not just if it spikes through, and the 200 SMA is either long or flat, the risk of the trade is higher that it will fail. That does not mean do not trade, it just means the likely hood of failure is high.
Super Trend -
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-04-25_020924.jpg Size: 19 KB
This indicator was developed by Olivier Seban and later on Recoded by Jason Robinson, This indicator has the huge advantage of working on all the time frames in all markets.It is based on average true range (ATR). Blue indicates a bullish trend and red indicates a bearish trend.
Super Trend indicator moving above or below the price depending on the trend developed. Olivier Seban repositioned based on the closing day, which has the main advantage to filter false signals that may occur when the trend slows or during periods without trend. I use it as a confirmation. If overall trend is down, then I will only take trades when this indicator is red and price is below the 200 SMA.
Support & Resistance (Barry) -
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-04-25_021028.jpg Size: 32 KB
This is a basic support & resistance indicator based on fractals. This indicator REPAINTS until price actually is confirmed a few candles later. This indicator is used as future stoploss levels/profit secure levels.
Your completed chart should look like this if you use the included MT4 template:
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-04-25_021139.jpg Size: 167 KB
In the next post I will get into how I trade this method & add the indicators and template.
EVERYONE PLEASE READ
The S&R levels are used for new Stops/Profit protection. Sometimes, however, they do not show up for a long while which I personally do not mind if the market is just bouncing along. However, if my trades are in deep profit, I can adjust my stops with out waiting for the S&R to show up. You can see new levels of S&R even if you do not see the indi show up. It is a money management decision. If your ok with waiting for them great, if not adjust your trades as you wish.
This thread was started for the method, not the money management. I discussed my money management to give people an idea of what & how I control the trades. I have showed this method to a few colleagues. Some of them liked my MM method, some did not. One of them uses PSARs, I believe his settings are Step 0.02, Maximum 0.2. I actually liked that one but just stuck with mine because it works. He is comfortable with that, I am comfortable with mine. My buddy uses automated Trailing Stops. Some one else moves his stops to every S&R green & red. If it brakes and closes, he moves his stop.
You guys see what I am getting at? You must be disciplined but do not be so rigid that you lose money just because a line didnât show up on your chart. Come up with a MM method that works for you. Donât use mine if you do not believe in it. Make one that works for you, use some of the ones that my colleagues use. The bottom line is, we are here to make some money, lets go make it.
I want read and see what you guys are doing, post some charts and let me know what you guys are trading and what MM method you are using.
Another quick note about creating a MM scheme.
Please go live. Even if itâs just a few cents a pip. If you dont, you will find yourself in a world of trouble if you can not handle how your MM works with real money VS demo.
Take care-
-ILZ
EVERYONE PLEASE READ
OK, it seems that people are confused. I thought I explained it well but I guess not.
When to enter check list:
PRICE CLOSE ABOVE/BELOW 200 SMA?
YES - MOVE TO NEXT QUESTION
NO - STOP
PRICE CLOSE ABOVE/BELOW SUPERTREND? BLUE FOR LONG, RED FOR SHORT?
YES - MOVE TO NEXT QUESTION
NO - STOP
This seems to be the part that most who do not get it are confused with.
IF THERE IS A ESTABLISHED S&R INFRONT OF YOUR TRADE, LONG OR SHORT, PRICE MUST CLOSE AT LEAST 30 PIPS AWAY FROM THAT ESTABLISHED S&R.
IF THERE IS A ESTABLISHED S&R INFRONT OF YOUR TRADE, LONG OR SHORT, LESS THAT 30 PIPS AWAY, PRICE MUST BREAK AND CLOSE THAT ESTABLISHED S&R BY ANY AMOUNT.
Stop Adjustment:
ONCE PRICE MOVES 30 PIPS IN YOUR FAVOR, ANYTIME DURING OR AFTER INITIAL ENTRY CANDLE, MOVE STOP LOSS TO BE +3.
FOR EVERY 10 PIPS OF TOTAL MOVEMENT, NOT JUST CURRENT PRICE, MOVE BE +1.
MY INITIAL STOP IS 100 PIPS UNLESS THERE IS AN ESTABLISHED S&R THAT IS CLOSER THAN 100 PIPS.
YOUR STOP CAN BE WHAT EVER YOU WANT.
Closing trades:
IF PRICE CLOSES ACROSS SUPERTREND. DOES NOT MATTER ID SUPERTREND CHANGES COLOR OR NOT.
IF PRICE CLOSES ACROSS 200 SMA.
IF PRICE CLOSES ACROSS S&R IN OPPOSITE DIRECTION OF CURRENT TRADE.
That is all the basics. Every other nick knack question is answered throughout the thread. If you are not going to take the time it read all the answers people & myself graciously posted, that is on you.
But its really not that hard. The system is simple. Do not complicate it.
-ILZ
âControl, control, you must learn control!â - Yoda
Post# 2
Cleanup
Quote
Apr 26, 2013 5:34am
ilzalama
Joined Jan 2007 | 216 Posts | Status: Pipin' Ain't Easy
Now we will start with the basic method of entry. We will also get into advanced entry and exit methods a little later.
Long positions-
I enter long when -
1- price closes above ( IMPORTANT â PRICE MUST CLOSE ABOVE NOT JUST SPIKE THROUGH) the 200 SMA. It should clear the 50 level of the 200 SMA
2- Super Trend is Blue
Short positions-
I enter short when -
1- price closes below ( IMPORTANT â PRICE MUST CLOSE BELOW NOT JUST SPIKE THROUGH) the 200 SMA. It should clear the -50 level of the 200 SMA
2- Super Trend is Red
Stoploss-
I place a initial stoploss of 100 PIPs on all trades.
Managing Trades-
If/when price moves 30 pips in my direction, I move my sl to + 3. For every 10 pips price moves for me, I add 1 pip to BE. Once a new support/resistance line is confirmed (usually within 3 candles), I move my SL to that line + 3.
My exits are when price takes me out.
Thatâs it for the basics. Here is a screen shot with some notes on how it would work for a long. This is a cherry picked screen shot. I will talk about not so perfect trades in a future post. Also find the indicators and my template.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-04-26_022331.jpg Size: 88 KB
-ILZ
Attached Files
File Type: mq4 SuperTrend nrp mtf.mq4 7 KB | 1,297 download
File Type: mq4 Support and Resistance (Barry).mq4 2 KB | 1,081 download
File Type: tpl trendrunner.tpl 9 KB | 1,006 download
File Type: mq4 _Signal_Bars_v3_Daily.mq4 40 KB | 1,057 downloa
All indicators can be found here;
forums.babypips.com/free-forex-trading-systems/53464-trend-runner.html
Sheriff, I know youâre busy, but this system actually works. I donât think it would be that hard to make an EA for this, would it?
Hereâs the link: http://forums.babypips.com/free-forex-trading-systems/42913-red-light-green-light.html
Thanks!
Looks like the sheriff has ârode outta townâ
I do not speak angliyski.Vy could encode EA.Esli have a desire to write more podrobno.Moy topic here.
_forexfactory.com/showthread.php?t=430892
hi, sheriff
please make an EA for my strategy
buy if candle close with value;
- EMA 5 Cross EMA 10
- ADX 14: +D greater than -D: (+D must 20 or above)
- RSI 8 above 50
sell is reverse of buy signal.
thank you.
hi , iâm newbie to forexâŚjust got this indi from someplace, please can someone make this indicator become ea?
rules is simple:
-buy when green dot appear, close buy when red dot appear
-sell when red dot appear ,close sell when green dot appear
-no tp or sl, coz its auto close,
thanks in advance if you can help me
:51:
With all do respect, if you are new to forex, you shouldnât be playing with EAs. There is a lot of base to build before getting into EAs. Just my honest opinion. Good luck
still i have no indicator or own strategy for making any EA :C
[QUOTE=sheriffonline;456507]Hi,
I just learnt MQL coding. I like to implement coding experince. Please post or PM me the indicator to be converted to EA or any strategy you have in your mind.
Please send MQL code of the indicator details of your Strategy.
Its Free Service for Limited time.
To Your Success
Sheriff[/QUOTE]
hi Sherrif, could you please make this an EA?
buy when green dot,and sell when red dot, one order persignal?
Hi sherrif,
Saw your very generous offer to code up a few eaâs.
I have been manually trading this strategy for quite a while now, with great success.
Basically I trade the EUR/JPY and GBP/JPY.
The Indicators that I use are:
- the 250 simple MA.
2)a Hedging Indicator which puts a line 14 pips either side of the opening price of the opening bar for the day.
eg. for GBP/JPY, 170.16 is open price, Long signal line is 170.30 and Short signal is 170.02.
I place trades according to the following conditions.
- if price is above 250 MA, then only long trades
- trade is only opened if price closes above the 14 pip hedge line for 2 consecutive bars.
And the opposite for short trades.
It works great for me in the Asian session, as I live in Australia.
But I seem to miss some great opportunities while Iâm asleep, in the later London/Early to mid NY sessions.
I have trade big lots with a very small TP 8-15pips with a stop at break even.
Smaller lot sizes work equally well.
I used to trade small lot sizes and wait for price to hit the 250MA, which yields quite good results.
And have a trailing stop of 35 pips.
I know that the SL/TS is quite large, but 35 seems to be about the right magic number to stay in the trade,
especially with the volatility of these JPY crosses especially the quite LARGE SPIKES which occur with them.
I would also like to put in a position sizing variable in there as well.
According to percentage of allowable Margin.
And a Trailing Stop
I use Pepperstone ecn razor account, with 400:1 leverage.
Pepperstone are great, low spreads and high leverage makes me very happy.
Especially when their GBP/JPY spread averages about 1.3-2pips+$7 and not 7pips like most other brokers.
For others reading this post, I forgot to mention that I trade this on the 1minute Time Frame.
See what you think.
Iâve been trying to code this myself for the past month, by cutting and pasting code.
But all I get is errors.
Kind regards,
tidy8
Tidy8
Interested to read your strategy but what do you define as âthe opening bar of the dayâ?
Thanks
Chrism2208
Hi Chism2208,
If you right click on your terminal screen and select properties.
Then under Common properties, the bottom right section, check the Show Peroid Seperators option.
This will show the opening bar for the day.
Kind regards,
Tidy8
Tidy8. Many thanks for that. Most interesting. And just so I understand you strategy fully do you set the lines at 14 pips from the open or from the close.
Thanks again
Chrism2208
Tidy8. So sorry you have actually been clear on that in the original thread. Cheers
Chrism2208