Replicating an EA From Youtube Just to See if Its Possible

[Sibkis]

Gidday guys

https://fxdreema.com/shared/17yeqHyZd

I am trying to replicate this type of ea just to see if I can make it on this software. The guy who channel its from is awesome and I have learnt loads from his tutorials.
This is just the next step in leaning.

Anyone want to help out?

I figured 40 pips in between the the stop orders
2 pips or less for spread
and 20 pip stop loss

https://www.youtube.com/watch?v=BpkYTQFVwAs&t=740s

[l'andorrà]

@sibkis Don't get me wrong but, why a guy that says he's got an EA that can double an account balance in 2 days would sell it for $300? Really.

[Sibkis]

I know what you mean, Me I am a manual trader. but I have some time on my hands and would like to lean a new skill so to speak.

So I have been on youtube and learning, you are a very busy man by the looks of things. I have been on your youtube channel as well.

[OntradingX]

@sibkis If you are a manual trader, you must know that the market is not very apt to yield exorbitant profits in just 2 days.
I strongly recommend that you first of all to develop your robots think first of (how not to lose everything) and (DrawDown Control) with RISK MANAGEMENT.
Each market has its own management, especially when it comes to Xauusd, which is a market that many say (only goes up) breaks many accounts with drops of up to 15000 points when it takes people who leverage positions by surprise. Gold doesn't respect anyone heeheh.
I would start with risk management and then look for a good entry.

[Sibkis]

@OntradingX Yes I realised the fact that the markets do not yeild to anyone a while ago and that compounding over a longer term is one of the only ways to "win".
Its also natoriously hard to convert a manual system to automated, and yes I understand risk management well enough and pretty much follow Dr Van Tharp's methods.
Anyway, I have been through most of the tutorials and built a lot the indicator based models. and am just moving on to something the I cannot seem to build in fxdreema which is frustrating to say the least because you can pretty much build anything you like.

Thanks

[l'andorrà]

@sibkis Thank you for your kind words. You can find some help here if you are patient and I will help you whenever possible. If you want to learn how to use fxDreema, this is the place. My first recommendation is reading all the documentation pages, as well as those 'how to' examples.

[Sibkis]

Another version
https://fxdreema.com/shared/4ckL6lWec
so let me get this right
Orders to place ( Grid Levels) this is how many buy stop orders you require.
Base Price Offset is 1 pip above Ask
Grid Size is 19 pips from ask is where your first pending order is, in this case a buy stop.
and the stoploss will be 18 pips south of the open price.

Is the above correct?

and the opposite for sell order

[Maop1994]

Hello, how can you make the stop loss be at the same point as the pending order... Buystop... 1500.00 stoploss 1500.00

[Sibkis]

@maop1994 You can't buy if you have a a buystop and sellstop 50 pips apart you should be able to place an sl a few pips either side of the ask and bid or at the midpoint

[l'andorrà]

@sibkis You need some changes.

1. Blocks 31 and 32 are searching for buys and sells. You need to specify buys only on the left and sells only on the right.
2. I see a problem with the logic on both condition blocks. Current price will always be above below typical price on the current candle. Do you mean candle ID 1 instead?
3. You need a condition before the 'modify stops' block. Other wise the Sl will be modified as soon as the trade is open.