If you trade like me, you'll be homeless and broke within a week.
Goldilocks All Time Return:
-28.2%
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Disliked{quote} Actually friend...I have no coding knowledge and I built this EA through ChatGPT. If developers like you take care of this EA, it will be more profitable while live trading. Please help me friend.Ignored
Disliked{quote} But I'm not a developer or coder, only a hobby trader; how can I make that clear? Perhaps post it in the Platform Tech forum, under this thread - https://www.forexfactory.com/thread/...indicators-for I can see days where you will wish for a bigger exit strategy, see this chart, are the approximate entry levels correct? {image}Ignored
Disliked{quote} Thanks friend...Your idea is 100% correct...Can you clearly explain the exit and entry strategy?Ignored
Disliked{quote} You are confusing me: we are talking about the Your EA in Post #1 are we not?Ignored
Disliked{quote} But I'm not a developer or coder, only a hobby trader; how can I make that clear? Perhaps post it in the Platform Tech forum, under this thread - https://www.forexfactory.com/thread/...indicators-for I can see days where you will wish for a bigger exit strategy, see this chart, are the approximate entry levels correct? {image}Ignored
Disliked{quote} Có... Trên thực tế, quyết định đặt lệnh Dừng Mua hoặc Dừng Bán dựa trên việc so sánh độ dài của hai phần của nến hàng ngày trước đó được gọi là "bấc". "wickBuy" đại diện cho bóng dưới của nến (khoảng cách giữa giá mở và giá thấp) và "wickSell" đại diện cho bóng trên của nến (khoảng cách giữa...Ignored
DislikedI like it simple .... simple rule for entry and exit EURUSD Daily Jan 01 2018 to July 27 2023 ... the winning 'edge' is a minimum risk : reward 1:2 {image} {image} ...Ignored
Disliked{quote} Yes... Actually the decision to place a Buy Stop or a Sell Stop order is based on comparing the lengths of two parts of the previous daily candle called "wicks." The "wickBuy" represents the lower shadow of the candle (the distance between the open price and the low price), and the "wickSell" represents the upper shadow of the candle (the distance between the high price and the open price). If the "wickBuy" is longer than the "wickSell," the strategy places a Buy Stop order. On the other hand, if the "wickSell" is longer than the "wickBuy,"...Ignored
Disliked*Your EA v3* backtest results looks promising and auspicious... EXACT STRATEGY BEHIND THIS EA The strategy trades on the daily (D1) timeframe. The strategy uses two pending orders: a Buy Stop order and a Sell Stop order. At the start of each new day, the code checks if a new candle has formed. If it's a new day, the strategy resets the "orderPlaced" variable to false, allowing it to place a new order if conditions are met. The strategy calculates the "wickBuy" and "wickSell" values based on the difference between the open price and the low price...Ignored
Disliked{quote} @emmanuel7788 Did you modified the EA posted on page 1? If yes, what did you do differently? ThanksIgnored
Disliked{quote} It seems to me that the EA is wrong in logic, based on whether it should be bullish or bearish before, the logic of the wick is different. for example if candlestick is bullish then wichBuy = OpenPrice - LowPrice, wickSell = HighPrice - ClosePrice, wichSell is vice versa. Since I can't see the code, I'm just guessing based on the chartIgnored
Disliked{quote} @Merka No. The OP did not provide the .mq4 code file. Run the EA as it is on Daily and observe the price action and how the 'wickBuy' and 'wickSell' and the pending order Buy Stop and Sell Stop are placed as explained in post #24. There's something to learn here then you can further develop a 'strategy' for Day chart trading. https://www.forexfactory.com/thread/...0#post14515310 Run the EA with different Risk : Reward ratios and learn something...Ignored
Disliked{quote} PMed you the source code file friend. Looking for updates from you. Yes @AleksDark is exactly correct. We need to mind his points.Ignored
Disliked{quote} / 2) Define your profitability expectation. +400% in 20 years? Lol. You will need huge capital for that being vital, and then liquity questions coming in. //Ignored