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Indicators to an EA - Stovedude Project number 2?

bonnie1234

Active member
Hi all,

I have another manual trading system that I do on a daily basis and would love Stovedude to have a crack at it.

(D1 Chart and H4 Chart have the greatest ROI for Risk/Reward)


Ok, here goes...


1. Indicators to be used : FIP Line, Super Signal v3f, TD2_3 Combo (using all of their default settings in respective code)

2. To be able to work in any timeframe...but will be using it on H4 and D1 Charts only

3. Must be able to run on multiple charts on same account.

4. Must be able to run with other EAs on same account so it must identify its own trades and have a customizable magic number so it does not close other EA trades or manual trades in play.

5. Must have customizable "Take profit" and "stop loss" feature. Trailing Stop feature could be useful

6. Must be able to set lot sizes from 0.01 upwards and be able to have an input for auto money management as a percent of risk from FREE MARGIN. Must be able to go from 0.01% risk and upwards.

7. Must be able to work on 4 and 5 digit accounts

8. Must be able to set maximum number of buy and sell trades to be opened so that I can choose to have only one buy or sell at a time or have 10+ at a time.

9. Must have a customizable "Standby and wait" Mode of at least one forward completed bar because the FIP Line will possibly be changing and could give a signal to buy or sell just before the market reverses. The user must be able to switch this on and off.

10. The EA is to only open one (1) trade per completed bar/candle so that in a downtrend for instance (using H1) we can have one sell in play and if the next hour has the same entry conditions it will place another sell. Next hour same etc etc etc...

If the signals are not the same there is no sell for that hour and the remaining sells wait for the exit condition

The accumulation of all these trades are to be exited set by the exit conditions below

11. Must use a "retry on error" function for slippage (set at 3 pip) and re-quotes.

12. No need to protect from decompiling as this will become a free source on completion but will remain property of Stovedude

13. News and Time filter optional

14. TD2_3 Combo requires an "Indecision" Mode as discussed below and on the picture

15. Buy entry conditions:

a. FIP Line to be Blue
b. TD2_3 Combo to be Blue

When FIP Line turns blue it is to check if TD2_3 Combo is blue. If it is not then it is to keep checking until both are blue and enter the buy trade. When buy trade is opened the EA should place a 300pip TP and 300pip SL (which should be able to customize). The EA is to constantly check for the 2 blues and open additional buy trades as it finds them but ONLY once per closed bar/candle. It is to continually open further buy orders ( and keep them open ) on every closed candle until the exit condition is met.

16. Sell entry conditions:

a. FIP Line to be Red
b. TD2_3 Combo to be Red

When FIP Line turns red it is to check if TD2_3 Combo is red. If it is not then it is to keep checking until both are red and enter the sell trade. When sell trade is opened the EA should place a 300pip TP and 300pip SL (which should be able to customize). The EA is to constantly check for the 2 reds and open additional sell trades as it finds them but ONLY once per closed bar/candle. It is to continually open further sell orders ( and keep them open ) on every closed candle until the exit condition is met.

17. Exit conditions for ALL BUY trades opened by the EA

a. When own TP or SL is hit OR
b. When Super signal v3f gives an immediate Reversal signal on the upwards momentum signal only OR
c. When TD2_3 Combo IS red OR TD2_3 Combo comes to an "Indecision" blank bar



18. Exit conditions for ALL SELL trades opened by the EA

a. When own TP or SL is hit OR
b. When Super signal v3f gives an immediate Reversal signal on the downwards momentum signal only OR
c. When TD2_3 Combo IS blue OR TD2_3 Combo comes to an "Indecision" blank bar


19. When TD2_3 Combo is neither Red or Blue (Indecision) it should close all the open trades in play (to be customizable so we can turn it off)

19a. If Buys or Sells are not exited by super signal v3f they are ALL to be exited on TD2_3 Combo indecision or opposing color

20. When trades are exited by the super signal v3f the EA is to go into a "standby and wait" mode ( see note 9 )
 

Attachments

  • FIPssv3fTD23combo.jpg
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  • Signal - FIP_Line.mq4
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  • Signal - Super Signal v3f.mq4
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  • TD2_3_Combo.mq4
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stovedude

Active member
So basically, we are just replacing the nonlagma with the FIP Line (same as HMA and Slope Direction Line BTW), with addition of Super Signals and adding trades on every new candle (until MaxTrades is met of course)?
 

bonnie1234

Active member
So basically, we are just replacing the nonlagma with the FIP Line (same as HMA and Slope Direction Line BTW), with addition of Super Signals and adding trades on every new candle (until MaxTrades is met of course)?

Yup...correct...with the addition of the "Indecision" mode for TD and a "standby" mode after super signals appears of maybe one closed bar

I used FIP Line as It seems to smooth out the bumps (especially on D1 charts)


Or maybe do 2 versions of it...?

...one with FIP Line one with nonlagma nrp if it is not too much trouble?
 

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