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MTF sar_rsi

by Dr.Hamdi Boukamcha
Name:
MTF sar_rsi
Author: starlimit03 (2011.06.29 13:11)
Downloaded: 8100
Download:
MTF sar_rsi   MTF rsi_sar.mq4 (14.0 Kb) View
This EA trades of on the M5, M15, M30 and H1 timeframes. It uses the BB, SAR and RSI of these timeframes to determine its entry point.

Basically using Martingale system to cater to losing positions. Credit goes to the author of MultiLot Scalper and swb grid for the codes.

Can be used on any time frame. Adjustable lotsize, amount of profit per row of order, Time zone and the like. Still need more modification though.MTF sar_rsi  MTF sar_rsi

14 comments: 1 2   To post a new comment, please log in or register

Ok version 2 is about been out-few but important modifications, user selectable trading type-martingale or not Risk, and account version trade. Trending,Ranging or both. This all helps to make the EA better. Backtested It on a 3 years data EU and works ok. Would post it as soon as it’s okay for trading.
16.07.2011 14:01 starlimit03

As you wud notice,the charts always looks alike.so far it Works well on the default settings. The EA presently make Use of m5 BB,but I’ve tried using HTF BB and the reselts have Been impressive.wud upload the modified version soon. But I would welcome any idea as to any means of detecting Possible trend end.
08.07.2011 10:58 starlimit03

Forward testing one week with several different pairs. balance gone from 380 to 530 (40%). Way too high risk of course, but interesting. Statement running live here:

http://brudtjs.mt4stats.com/

MTF sar_rsi  MTF sar_rsi  MTF sar_rsi

07.07.2011 18:21 vola66

Did someone say martingale? 😀 I love me some martingale…

03.07.2011 07:24 Beakon

funnytrader:
Here is my result of backtest. This is a backtest in one hour tf. I also used other tf and allways same result. Suddenly at the end the account crashed.

 

Well….. as I said earlier in the post,It is based on martingale and It still requires a couple of modifications which I am currently working on{ to determine end of trend, for trend reversal) as it works okay in ranging market. I have been able to overcome this by simply keeping it simple….One or two trades per day on each pair and it works fine so far{ even in back testing). I do hope we could get an indi that can tell use possible early trend reversal. this might help make it better.

I just optimised the Ea settings changing the Secure Profit( i.e profit per row of orders placed), I discovered that it worked well with between 15 and 25, even were the account wiped using 10 it was able to survive it comfortable. Try changing the secure PROFIT SETING ANS SEE. I have currently updated the EA to allow user to determine on which TF it should check for BB BREAKOUT, so far on testing it works well on higher TF ALTHOUGH WITH FEWER TRADES.

02.07.2011 15:16 starlimit03

Here is my result of backtest. This is a backtest in one hour tf. I also used other tf and allways same result. Suddenly at the end the account crashed.

MTF sar_rsi  MTF sar_rsi  MTF sar_rsi  MTF sar_rsi

01.07.2011 18:42 funnytrader

FSS:

vola66:
Thanks, this looks very interesting. Backtesting shows good results on several pairs. Although I would prefer to run it with a long trend robot to hedge the risk a little bit so I wonder if you could implement Magic number in the code Thanks!!

its use martingale 🙁

It makes use of martingale,,,as pa the Magic Number..each pair is assigned a different magic number so there cnt be a trade conflict…even when the EA is restarted or the terminal restarted.

01.07.2011 18:11 starlimit03

vola66:
Thanks, this looks very interesting. Backtesting shows good results on several pairs. Although I would prefer to run it with a long trend robot to hedge the risk a little bit so I wonder if you could implement Magic number in the code Thanks!!

its use martingale 🙁

01.07.2011 09:05 FSS

Thanks, this looks very interesting. Backtesting shows good results on several pairs. Although I would prefer to run it with a long trend robot to hedge the risk a little bit so I wonder if you could implement Magic number in the code Thanks!!

30.06.2011 17:31 vola66

rplust:

starlimit03:

rplust:
Don’t get any trades when back testing..!? Don’t know the reason.

what type of broker are you using?What error is it giving? try changing TP=0 initial Stop =0 ;

The problem was the lot size which is set to 0.01 but on my account I use 0.1. But still it does only a few mini trades (average 4.66) on a 2 months period. Nothing like the chart above. What settings do you use?

if you using 0.1, check the trading time zone( default is 10-17 which is 8 -15 gmt ), if you are using a four digit broker, then change the pips, takeprofit to 10 and 13 respetively. the chart above is using default settings on M5 chart. the first graph was using open price only,the second was using Every tick.. Hope it helps

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