EA for Beginners, set and forget breakout, code, optimisation, testing part 7/8
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- Опубліковано 29 чер 2023
- Wrapping up the series with code for the optional move to break even on first close. Going back to basics for a beginners coding guide, I'm writing a complete breakout expert based on a published strategy including tips and optimisation.
Part 7 of 8
As I was uploading the video I realised that I have made the detection of the closed trade too complex. I got caught up in the details of the problem without seeing the big picture. I will release a part 8 with a different method of moving to break even, and it will be shorter.
I also noticed that for the MQL4 compatibility I missed creating the function
long PositionMagic() { return OrderMagicNumber(); }
The strategy was published by TradePro and is a time range based breakout trading USDJPY with 3 stage take profit.
As a beginners guide I'm taking things slowly so I have to break the tutorial down to multiple videos. This is the first part and there is a link to the playlist below. I will add further parts to the playlist in the coming days.
The code is for Metatrader 5 but is almost the same for Metatrader 4 and I'll try to point out the differences as I go in the videos
Looking for a broker? Support the channel by using this link. We receive a commission on your trades from the broker at no cost to you:
orchardforex.com/live-account
Links:
Original Strategy Video: • 100 PIPS A DAY Highly ...
Earlier range breakout: • Time Range Breakout Ex...
Time entry formats: • Add this code to your ...
Web Page: orchardforex.com/build-a-set-...
Discord: orchardforex.com/discord/
Playlist for this series: • Set and Forget Breakout
#Breakout #Forex #metatrader #expert #finance - Розваги
As I was uploading the video I realised that I have made the detection of the closed trade too complex. I got caught up in the details of the problem without seeing the big picture. I will release a part 8 with a different method of moving to break even, and it will be shorter.
I also noticed that for the MQL4 compatibility I missed creating the function
long PositionMagic() { return OrderMagicNumber(); }
An amazing job! Thank you for your hard work in bringing us these coding tutorials.
Thanks for all your hard work Arthur. Its been really helpful and series has been great.
I learned a lot from the series again, that is excellent! Thank you Arthur
Thank you very much for your time creating this series, I have learnt a lot from this one. Some things I shall have to watch over again to get my head round, but really good stuff.
That was a lot of information to follow :) Thank you for your time and efforts.
Glad it was helpful!
Thank you Sir for this series. It is really helpful. God bless.
Subscribed and thank you so much. I'm currently trying to automate my strategy and this helps a ton! Thank you again!! ❤
Glad it was helpful! You might want to see part 8
Thak You, great coding series ... Looking forward to the next one 🙂👍
Thanks for the series, it’s really helpful. I’m working on a strategy based on this one. I added the 50EMA and 200EMA as Long and Short confirmations and also I took away the take profit and added a trailing stop loss instead to capture larger moves. I don’t know how to code that into an EA yet, however it has worked well manually.
Add a HTF BB stops indicator. Set to H1 timeframe.
Then entries on M15 TF when pullback to imbalance such as FVG .
You want to enter on pullback/retest.
Not breakouts
Thank you and congurulations for your all efforts keeeping MT4 and MT5 compatibilty of the code
Thank you
Thank you, great job!!!!!
Thank you too!
Thanks a lot, Arthur for yet another series combining most of the required steps from start to finish of an EA. Learned some new techniques from it.
I have a question about Divergence. I could not find any of your tutorials covering this. I am trying to do one on MACD, but having challenges finding divergence at the wrong places, e.g. Bearish Classic Divergence in a strong uptrend. Somewhere I have read that divergences do not happen!!!.
Request your advice, on if I should continue spending my time improvising the code, or I should stop as finding divergence algorithmically is not a good idea. Else if any tutorial from you would be a great help. Thanks again for all your hard work in teaching us the possible best practices.
Thanks Arthur
great stuff!
Thanks!
Thank you for your amazing bot...😊
thanks for this series, it's been great to get long form overview on building a strategy. I don't know if you're looking for suggestions on videos for using technical indicators, but I've been using a lot of your methods to create a strategy based on Dean Malones TDI (traders dynamic index) There is a pdf available online which outlines the entire strategy and it uses a lot of indicators, rsi, ma, stochastic levels and bollinger ranges. I'd love to see how you'd approach creating a strategy for something similar. Thank you again for your channel
That's very nice. Kudos for the effort. From the day I watched your standard deviation channel technique, I have been a fan of that technique and is also giving me good results combining it with some other confirmations. Any idea of proceeding with that as an expert anytime in future.?
Great series and thanks for all the work. Running version 7, and to your point of including an indicator to the code, I noticed that in general the EA does very well in testing overall - but the largest losing trades are when a position is opened on a spike in market action that duly reverts, leading to stop out. Thinking RSI might help weed those trades out, any thoughts?
Your explanation of the concepts in MQL5 programming is simply amazing..
I've learned so much from watching this series and coding alongside you than I did in the last few months.
Great to hear!
Sir quick question, can i get this code?
Ive been manually trading this strategy since a year now
But having a day job it is really difficult to follow up, so this ea would really help me alot