Expert Advisor EURUSD H1 - Rising Candle (with video)

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Popov
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Joined: Sun May 19, 2013 3:14 am

Expert Advisor EURUSD H1 - Rising Candle (with video)

Post by Popov »

This is a simple Expert Advisor for trading on EURUSD H1 market. The EA is attached below.
StrategyTester.gif
Trading rules:

Long Entry - wait for a bullish bar with body > 30 pips and Volume > 2.0 * Average volume from last 80 bars.
Open long at next bar Open and close at the bar Close.
rising_volume_long.png
Short Entry - wait for a bearish bar with body > 30 pips and Volume > 2.0 * Average volume from last 80 bars.
Open short at next bar Open and close at the bar Close.
rising_volume_short.png
This Expert is created without programming with Forex Strategy Builder: http://forexsb.com

This video explains how the EA works and how is created:

[youtube]https://www.youtube.com/watch?v=G-NDrGkjhvE[/youtube]


Expert Options:
expert_advisor_input.png
Expert Advisor:
Rising Candle.mq4
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r1ch4rd
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Joined: Fri Jan 20, 2012 2:19 pm
Location: Cambridge, UK

Expert Advisor EURUSD H1 - Rising Candle (with video)

Post by r1ch4rd »

Thanks for sharing. :good:
AGT
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Joined: Thu Nov 17, 2011 7:20 pm
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Expert Advisor EURUSD H1 - Rising Candle (with video)

Post by AGT »

I'm trying this EA on demo ... anyone else here ?

Any results to post ?


:hi:
jswarb001
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Posts: 18
Joined: Mon Mar 30, 2015 8:07 pm
Location: Manchester, England

Expert Advisor EURUSD H1 - Rising Candle (with video)

Post by jswarb001 »

AGT » Mon Dec 21, 2015 2:52 pm wrote:I'm trying this EA on demo ... anyone else here ?

Any results to post ?


:hi:
Just set this off today.No trades yet. "Position Flat" its saying on the chart
sandybeach
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Posts: 72
Joined: Fri Mar 09, 2012 9:43 pm
Location: Queensland, Australia

Expert Advisor EURUSD H1 - Rising Candle (with video)

Post by sandybeach »

Same here, no trades and it has been on for a few days now. Only have it on the EURUSD 1 hour chart OOTB.

Says "Position flat", also says "Is Long Entry Allowed" - "NO", same for short. Not sure if that is relevant, but def no trades yet at this demo,

Cheers
AGT
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Joined: Thu Nov 17, 2011 7:20 pm
Location: Germany

Expert Advisor EURUSD H1 - Rising Candle (with video)

Post by AGT »

@sandybeach

The same here for monday, have to confirm "no trades" :o

I run this bot with all the majors to any "reaction" ... but only flat and flat and flat ... so, may watch it a bit longer although .........
pandaboy
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Posts: 49
Joined: Wed Nov 13, 2013 2:13 pm

Expert Advisor EURUSD H1 - Rising Candle (with video)

Post by pandaboy »

AGT » Mon Dec 21, 2015 6:11 pm wrote:@sandybeach

The same here for monday, have to confirm "no trades" :o

I run this bot with all the majors to any "reaction" ... but only flat and flat and flat ... so, may watch it a bit longer although .........
Reduce pips to 10 and volume "2" to 0.. you will get trades..
AGT
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Joined: Thu Nov 17, 2011 7:20 pm
Location: Germany

Expert Advisor EURUSD H1 - Rising Candle (with video)

Post by AGT »

I see. But makes that sense ? Switching the volume from 2 to 0 means switching this filter off. On the other Hand this filter is a part of the strategy the EA is based on ! :?

So switching all the filters off, sure we'll get "trades". But in this case: are these trades useful ?
AGT
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Posts: 889
Joined: Thu Nov 17, 2011 7:20 pm
Location: Germany

Expert Advisor EURUSD H1 - Rising Candle (with video)

Post by AGT »

Ok - I lowered the volume from 2 to 1, the candle pip is now 15 instead of the default 30.

And yes - EURJPY opened a trade !

:hi:
AGT
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Posts: 889
Joined: Thu Nov 17, 2011 7:20 pm
Location: Germany

Expert Advisor EURUSD H1 - Rising Candle (with video)

Post by AGT »

Hi Popov !

So, are you here aroung from time to time ?

I have these questions about the parameters in "F7":

What is "Amount to close on reduction" ? "Amount to add on addition" ? (hmm is it for the martingale ?)
What is "Ensure maximum Stop Loss" ?
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