Thread: [EA Request] Simple EA needed

Hey Guys,

I Would like to have an EA that does the following.

1. Checks account balance divides it by 32 and from 1000.
Stores this at a variable and uses it as Lotsize.
Instance: 10000$/1000/32=0.31 Lots. So the result must
be rounded to two points.
2. Places a transaction (you can choose LONG just or SHORT just in the parameters) with fixed TP no more Stoploss.
3. After TP is struck. Start with 1. Since balance has increased now
Lotsize should grow exponentialy while retaining risk the same since
you always divide by 1000 and 32.

That is basically it.
What would be interesting, if the transaction management is determined by a Random Function rather than long or short just. But that is just not a.
Later we could include a MA filter. I've got another idea for order placement but I don't wish to ask for too much.
Following 250 Homeruns with 30 TP the balance should have increased over 1000% so that you only need to let the last transaction come home.
I only want a proof of concept for now.


Anyone interested?

Wouldn't one trade that never strikes the TP completely conduct your account into the ground? At the minimum, you'd need to ensure the parameter (long or short) was moving from the direction of the trend. Otherwise the commerce could finish your account.

If you are intending to implement this with a PA type of system (I am considering something like Jacko) then I can see the value in this. Otherwise, it sounds horrible.

Your stoploss is 3400 Pips due to your position dimensions.
I was able to increase a demoaccount by 70 percent in just over a month just
by randomly placing orders. This was with ~60 successive winners not taking care of the total trend. For that we can later add an MA filter.

Would you want to take a bet?
I say. Price is quite possible to go 30 Pips higher anytime instead of plummeting
3400 Pips rather than coming back. Who'd bet against me?
Isn't Forex all about Probability?

Originally Posted by ;

Your stoploss is 3400 Pips due to your position dimensions.
I managed to increase a demoaccount by 70 percent in just over a month just
by randomly placing orders. That has been with ~60 successive winners not taking care of the overall trend. For that we could later put in an MA filter.

Would you want to have a bet?
I state. Price is very likely to go 30 Pips higher anytime rather than plummeting
3400 Pips and never coming back. Who would bet against me?
Is Not Forex all about Probability?

Hi Tjpld,

that pair your demo?

I feel that the Ea can be readily done.
But after one trade, if it goes the other way, do we wait till it come back to our direction? What is your drawdown in this circumstance?

You only have one open trade at a time.
So once a transaction is in place we wait for the TP to become hint.
Otherwise we won't do anything.
I attempted it on demonstration EUR/USD. I used some Rainbow MA's to guess the short term trend in started throwing in orders which where either removed imediatelly or after one or two weeks maximum. It was really easy to double the account which took me about 75 trades. I was able to get 3 trades during daily.
If you put a long trade today you would need to wait for it to drop down 0.92xx in order to stop you out using a margin call, which will be probably a safe bet that it's more likely to get into our TP first.
The secret is to increase the position size gradually with each new commerce.
If we don't do this our journey will probably take more than necessary.

It must look like in my little excel sheet.
https://www.nigeriaforextrading.com/...1723859361.xls

I just adore the concept

which TF where you analyzing it on?

Wouldnt it be smarter to put trades at the beggening of the week,
cos the price tends to be above or below the weekly available!???
Something like stiviet do, and just let the profit run...

Tested it. So the likelihood that your trades will probably get taken out earlier or later is greater, it would be better to watch the trend. I managed to replicate these returns with simplicity on Forex Simulator multiple occasions. No Strategy is worth if there is no sign that you may do it regularly trading.

The issue is if you get on the wrong side of the trade it may take forever before you can close that trade... and as you're having 1 trade in the time... nothing will happen.

What TP are you currently using?

30 Pips TP. For this we trade the trend.
Even though it takes longer odds are high your TP will get triggered by volatility.

I've experimented a bit you could also open both directions with your calculated lot size so there is never greater than one open commerce at one time.
Example:
LONG and SHORT at the Exact Same price with TP 30.
- Short gets taken out. Balance improved due to the profit. New brief with new (slightly higher) position size is opened. The side is kept open. Should you substract the new lotsize from our second brief trade in the very first lotsize of the long trade you have your vulnerability which should be probably only a few microlots. E.g 1.83 Long 1.92 Short = 0.09 Lots Short.
Currently price reverses and takes the old long. New long is started in accordance with current balance. Short open. And so one. You will always have a side that's winning so your balance will increase forever there is absolutely no trade which will consume your margin since 1. Position size is small and two. So you are hedged to some level, you will trade both sides at precisely the same time. ( Not fully all of the time since the sell side might increase more when price is falling and hitting the sell TP over and over again along with the extended is available together with the old Lotsize.)
At the end you simply need to wait for one trade to return.
Risk should be extremly low.
But that's only a thought wich I'd like to test out.
First I'd be pleased with what I've explained in my very first article.