MMOSC EA

Hello all,

Connected is an EA impressed by moneymagnet on the EURUSD Solely thread.

No drawback. Afterall one good thought is probably price 1000s of fashions for me so thanks. I have not the time to refine an EA, too busy permuting the Tesla thought into myriad algos however I'll add the buying and selling guidelines shortly.

As you already know: there is no such thing as a sustitute for discretionary returns should you're a superb guide dealer. But when you do not have what it takes within the thoughts (whatever the high quality of the discretionary system), algos are an exquisite various. Demo first for a couple of months.

The CHART BELOW has the moneymagnet (MM) Correlation oscillator within the backside proper nook. The circles on the fairness curve are controllable drawdowns within the since they happen when the oscillator is on the worth zero. I am to lazy to filter them out. It's robustness/walkforward checked and many others however solely again to 2012 however it's a 15 minute technique so it's loads of samples.

The logic of MM correlation Osc' is

MMOSC = (EURUSD Shut[1]/MA(EURUSD Shut[1],200))/ EURUSD ATR(10) - (Dax Shut[1]/MA(EURUSD Shut[1],200))/ DAX ATR(10)

OPTIMISATION REQUIREMENTS: WALK FORWARD EQUITY CURVE IS BASED ON OPTIMISING ON 21 DAYS OF DATA TRADING FOR ONE WEEK THEN REOPTIMISING AGAIN. YOU'LL HAVE TO FIND THE BEST MMOSC STARTING VALUES BY OPTIMISING ON YOUR BROKER'S DATA AS I KNOW THAT DAX PRICING IS A LITTLE SUSPECT DEPENDING ON THE BROKER YOU TRADE WITH.

LongEntryCondition = ((-126.150002 < MMOSC) And MMOSC < 60.25)) AND HOUR>06:00GMT AND HOUR <16:00GMT
ShortEntryCondition = ((126.150002 > MMOSC) And MMOSC > -60.25)) AND HOUR>06:00GMT AND HOUR <16:00GMT

Entry orders

-- Lengthy entry
if LongEntryCondition is true {
if No place is open then Purchase on open at Market;
Cease Loss = 55 pips;
Revenue Goal = 99 pips;

// Transfer SL to BE (on shut)
Transfer Cease Loss to Entry worth when in revenue at the least 52 pips;

// Revenue trailing (on shut)
Revenue Trailing by (3.63 * ATR(18)) pips;
}

-- Quick entry
if ShortEntryCondition is true {
if No place is open then Promote on open at Market;
Cease Loss = 55 pips;
Revenue Goal = 99 pips;

// Transfer SL to BE (on shut)
Transfer Cease Loss to Entry worth when in revenue at the least 52 pips;

// Revenue trailing (on shut)
Revenue Trailing by (3.63 * ATR(18)) pips;
}

Exit orders

-- Lengthy exit
if MarketPosition is Lengthy {
if (time >= 15:00GMT) {
Shut place at market;
}

}

-- Quick exit
if MarketPosition is Quick {
if (TIME >= 15:00GMT) {
Shut place at market;
}

}

Take a look at it on the EURUSD and different pairs so we will make some good pips! It's a 15min EA and requires weekly reoptimisation to maximise returns. It must be optimised on three weeks of knowledge utilizing the parameter ranges within the above hyperlinks.

Take pleasure in and let me know what you suppose?

P.S. I'm not going to make the MQ4 code obtainable. The exact entry situations are within the hyperlinks above so maybe you can too make this an EA coding alternative.

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The fairness chart is the ultimate real-tick take a look at. Earlier than the yellow line represents the insample trades (information used to optimise). After the yellow line is out of pattern because the finish of March assuming a 1K account and 5% danger.

Sturdy methods can tolerate very extensive optimisation ranges. For this technique I'll use from -10Okay to 10Okay with a 100 step for the primary 4 parameters and 1 to 3 for the revenue path atr.

Why give it away? Why not...I make so many I am unable to probably commerce greater than 1000 algos on the similar time. Additionally let's face it: a superb EA or a superb system is not going to change the proportion of successful vs dropping merchants! Afterall, it is the person not the tactic that normally loses cash on this recreation.