kokas

Hello once again,

Some weeks ago I begin the development of this new EA. I believe now it is ready to go to all of you for further development.

It is an EA for GBPJPY on H1 Charts only. It has never been tested with other currency pairs.

Some description of the parameters of the EA:

AutoTrade:
Set to true to enter trades, if set to false the EA will not enter any new trade and will continue to monitor old trades.

MaxTrades:
The maximum number of trades that the EA can open simultaneously.

RecycleProfit:
The number of pips that when reached the EA will close all open trades, and begin the process again when the conditions allows it to.

InitialStop:
Inicial StopLoss for every trades.

BreakEven:
Profit lock in pips.

SecureOrders:
If set to true only open orders when in profit;

MinPip:
Minimum Profit Pips to open another order;

CloseAll:
Set true to close all current Orders and stop place new orders.

Magic:
Magic Number of the EA

Lots:
Lot size when not using MoneyManagement

Please be my guest testing it and adding any sugestions that you believe that can help.

Many thanks for all your help

Attached Images

SamurayV2.gif (6.5 KB, 317 views)

Attached Files

	Samuray_v2.mq4 (14.2 KB, 340 views)
	SamurayV2.htm (469.9 KB, 395 views)

400396

i will gladly check this EA , I BELIEVE MOSTLY ON FORWARD TESTING, CAN YOU TELL US A BIT ABOUT THE LOGIC BEHIND THIS EA?

kokas

If you see graphs for GBPJPY you will notice that this is a very strong uptrend forever in this currency. The logic is that when the price goes below the middle BollinTrades is reached. Then it will monitor all trades and when the breakeven is reached it will lock the trades on the entry.

When the total profit on all trades reach the recycle it will close all trades and take the profit from the trades and from the swap.

I will begin a forward test and put a link to an online statment as soon as the market opens.

If you have any more questions please let me know. It is a very simple EA, but I'm using it and almost every day it reaches the recycle.

berdj

Just wondering if the brokers would interpret this EA as a scalper and therefore would give you a hard time with it, even though it looks very good.
Berdj

kokas

I do not think so, the definition of scalper is a very short trade, and this trades sometimes pass from a day to another, so I do not believe that it will be considered scalping.

yeoeleven

Thank you.

I have attached this EA to a H1 GBPJPY chart and will monitor it's progress.
Initially the Default Settings have been used with the .01 start and I will post results.

Have had to use it with another EA operating on different charts but both have Magic Numbers and I have activated the comments tab in the Account History.

John

avid

Hello, I use stoploss, why he shows such importance?

Attached Files

StrategyTester_samuray.htm (111.0 KB, 202 views)

EATrader

Forexforum,

Thank you for the EA. I will forward test it and let you know.

gorinw11

Will forward test it --- Thank you...

ross

This is the EA that I have been looking for! If I understand the way it works correctly - it is the same idea I had posted on the MT4 Yahoo forum. I look forward to forward testing....
Thanks for posting this!
ross