Monday Zone Break Out EA

[milanese]

:hi:

Here is an alternative version with a new SL moving management for the TP3 trades.

in setting you will find new:
SetBEminPipTP3 sets the min distance price SL
The moving sl will start after the TP1 is reached.

MondayBreakoutEA_ModTP3.mq4

Cheers

Tommaso

Thanks Tommaso,

If it works well could we try this trailing SL feature at the start, before any TP is reached ?

But for now, I have a problem with Empty4 backtest. All data are processed but no trade. It's working with the older version but not the new one. Anyone else has the problem ?

Please check the AdvertisedSpread and use a number working with your broker (it is OOTB very low set at 0.8), resp. your backtest settings

Cheers

Tommaso

[mirador]

Thanks... I forgot to never use "current spread" on the weekend.

[Nicastro]

Hi,
I have the main version of EA on the GY and EY charts, pretty much OOTB, it took trades on Monday morning.
The trades have now moved in the right direction and the SL was moved to the open price.
I have some curious behaviour to report:-
Every time I open up the EA on the chart, without making any changes at all to the EA, the SL moves higher by about 11 pips.
Is this as it should be? Or is it a bug?
Please let me know

[milanese]

Hi,
I have the main version of EA on the GY and EY charts, pretty much OOTB, it took trades on Monday morning.
The trades have now moved in the right direction and the SL was moved to the open price.
I have some curious behaviour to report:-
Every time I open up the EA on the chart, without making any changes at all to the EA, the SL moves higher by about 11 pips.
Is this as it should be? Or is it a bug?
Please let me know

As this will always cause an reset of the EA it is not previsted to do like you do

Cheers

Tommaso

[Nicastro]

Capito, Grazie

[mirador]

Hi Tommaso,

Thanks for the new version, it gives better results from first tests. More tests are needed.

Cheers

[AGT]

I tried this bot for 3 weeks - the results didn't convince me.
Hmmm, yes maybe that's not enough time .... anyway, I'm using the NewCF7SR as my favorite bot atm.
Lets see how this grid is doing his job ... so far so good ...

Anyone with better results for this Monday Zone BO EA ? Results documented by My FX Book links ?

[mirador]

I would like to start a reflexion about adding a smart trailing stop to MZBO strategy. It could definitely gain more pips if the EA can exit a trade when the trend change way as shown in this recent GBPJPY trade.

You will find attached a suggestion to add a smart trailing stop.

The numbers in the document are only for example. No calculation or algorythm test have been made yet.

I would appreciate your comments and please feel free to improve the concept.

Mirador

[milanese]

I would like to start a reflexion about adding a smart trailing stop to MZBO strategy. It could definitely gain more pips if the EA can exit a trade when the trend change way as shown in this recent GBPJPY trade.

You will find attached a suggestion to add a smart trailing stop.

The numbers in the document are only for example. No calculation or algorythm test have been made yet.

I would appreciate your comments and please feel free to improve the concept.

Mirador

Thank you for posting this, I will take a look at your concept and I hope to hear other suggestions too.

Cheers

Tommaso

[milanese]

I would like to start a reflexion about adding a smart trailing stop to MZBO strategy. It could definitely gain more pips if the EA can exit a trade when the trend change way as shown in this recent GBPJPY trade.

You will find attached a suggestion to add a smart trailing stop.

The numbers in the document are only for example. No calculation or algorythm test have been made yet.

I would appreciate your comments and please feel free to improve the concept.

Mirador

Thank you for posting this, I will take a look at your concept and I hope to hear other suggestions too.

Cheers

Tommaso

Hello,

I have looked at your concept, and it is for sure interesting, but it would make a completly new EA imo, something like a MondayBreakout merged with Marylin.

Cheers

Tommaso