Please Help Me Create My EA With Specific Simple Strategy
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Hey guys,
I need some help with my EA and a particular strategy
I am not an expert but I have been trying the learn
I’ve been trying for some time to create an EA based on a strategy I saw in a video but I am new here so I cannot post any links to the video as yet
However the info for my EA is listed below
I was thinking of giving up after searching for some time to find ways to do this without success
Then I decided to ask for help here
I would really really really really really appreciate some help
Thank you so much in advanceThe EA would be made in a new project
EA Name: MythEA
EA must be made with FXDreema.com
Final EA construction on FXDreema.com will be shared with me or copied to my active FXDreema.com account for use. [Please advise if this is possible]
EA must have both MT5 and MT4 versions
[preferably MT5 version first because I have active MT5 accounts]
LOT SIZE = 0.1 [must be changeable]
TAKE PROFIT = 10 pips [must be changeable]
STOP LOSS set to enable or disable
STOP LOSS amount = 10 pips if stop loss is enabled [must be changeable]
TARGET PROFIT Amount = 1000 pips [must be changeable]
TIMEFRAME = Current
EA MUST NOT change the graphic/visual or look of the chart
EA must however have real time stats in the top right corner in yellow or white font using Georgia Font size 10, about 100px from the top and 100px from the right side
An option to change font color between yellow and white would be nice
An option to change the font size would be nice
An option to move the real time stats to the bottom right or bottom left would be nice with the same 100px spacing
REAL TIME STATS:
Balance $
Profit Amount Made So Far $
Loss Amount Made So Far $
Spread
Number of Winning Trades
Number of Losing Trade
Any other necessary stat[s]
INDICATORS:
Any 1 or more of the most accurate indicator[s] acceptable
EA must open trade/position in direction of market trends or based on indicator[s]
If trade moves in opposite direction and passes/crosses the original open position, EA must open a trade in the new direction with x1.5 lot size and close with new take profit in new direction of 10 pips
If the market changes direction again before reaching new take profit and passes/crosses the last position opened, then another position is opened in that new position with x1.5 lot size of the last position opened
Each time the market changes direction before reaching the take profit and passes/crosses the last opened position, a new position is opened in that direction with the lot size of the last opened position multiplied by 1.5
Each time Take Profit is reached the EA must open trade/position in direction of market trends or based on indicator[s]
Ability to change the amount each new lot size is multiplied by instead of only x1.5
TRADING TIME AND DAYS OPTIONS:
Option to enable and disable time trading hours
Set Start Hour if enabled
Set Start Minute if enabled
Set Stop Hour if enabled
Set Stop Minute if enabled
Option to enable or disable each of the 7 days of the week: Sunday, Monday, Tuesday, Wednesday Thursday, Friday, Saturday
Any other necessary or related feature
TRADING DIRECTION OPTIONs:
Enable or disable Buys
Enable or disable Sells
Enable or disable both Buys and sells at the same time
Buy Comment: MythEA BUY [changeable]
Sell Comment: MythEA SELL [changeable]
Add any other necessary or important features -
I was advised that this strategy is risky and might even be betting and I accept that.
However, I would still love to see it in action on a Demo Account.
In the meantime I am open to help from all the experts here on other simple and accurate strategies.
Thank you all in advance. -
That is a complex structure to build. Definitely not a trivial one. Creating it here from scratch will consume a lot of time and effort. You can find help here on the forums, but definitely you will have to invest yourself here. Have you tried to learn how fxDreema works?
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@l-andorrà said in Please Help Me Create My EA With Specific Simple Strategy:
That is a complex structure to build. Definitely not a trivial one. Creating it here from scratch will consume a lot of time and effort. You can find help here on the forums, but definitely you will have to invest yourself here. Have you tried to learn how fxDreema works?
Thank you for responding.
Yes I have tried and have been learning how to use FXDreema
I have already created several EAs that make the trades, but the strategies are not as accurate as I would like them to be
I found this strategy and tried to make it but I do not know the advance features needed in FXDreema to make it
I was about to forget it, but then I remembered there was a forum here and I decided to ask for some help. I do not know where to learn those advanced features.
This was my last attempt, so I really do not know what I am doing here: https://fxdreema.com/shared/VZJYNNX8 -
My aim isn't to make large profits but instead to make small increments per trade. I don't mind making $1 or even 10, 20, 30 cents per trade if possible.
I know it may not sound like much or it may not make sense, but for me it adds up and that is sufficient for me. -
@Sir Just looking at your parameters, it doesn't make any sense. A 10 pip stop loss will get hit every time. In your file the stop loss isn't enabled. You are on the extreme on both ends here. You are also saying that you want to take on infinite risk to make 10 pips in profit. Even with that you have to account for spread and commission which could be 20-30 pips just to break even in some situations. I don't think you understand basic price action to think that this is reliable. Change of direction is subjective and that's not what moving averages are for. There also seems to be a martingale element in there. This looks like something that will get chopped up or present huge drawdown. I say that as someone who tried to construct EA's like this and it's good to learn the process but if you study market structure and behaviors, you will see why these type of parameters don't work out.
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@JayPhillbrooks said in Please Help Me Create My EA With Specific Simple Strategy:
@Sir Just looking at your parameters, it doesn't make any sense. A 10 pip stop loss will get hit every time. In your file the stop loss isn't enabled. You are on the extreme on both ends here. You are also saying that you want to take on infinite risk to make 10 pips in profit. Even with that you have to account for spread and commission which could be 20-30 pips just to break even in some situations. I don't think you understand basic price action to think that this is reliable. Change of direction is subjective and that's not what moving averages are for. There also seems to be a martingale element in there. This looks like something that will get chopped up or present huge drawdown. I say that as someone who tried to construct EA's like this and it's good to learn the process but if you study market structure and behaviors, you will see why these type of parameters don't work work out.
Noted
Thank you for the input
The example was just to show that I do not know what I am doing
In my first post I have removed the stop loss
And in a latter post I was saying that I don't mind making 10 cents to a $1 per trade with the strategy I have in mind.
I am open to anything you can teach me
I am here to learn and get help
Thank you again -
I personally can't help when it comes to constructing complex trading bots. As far as the logic of the strategy, I can give some insight on because I've tried everything. Going into drawdown a handful of dollars just to make 10 cents is a horrible strategy because it's statistically bound to fail. The dollar amount isn't important. What's important is what you are risking to make that profit you are aiming for. Do you trade with real money and understand how brokers work? Knowing that stuff is just as important as building because you don't want to spend a ton of time on things that don't align with the math of the basics of putting on a position. It's fine that you don't know what you are doing. Most of us don't compared to others but you need to learn it your way and you don't have to learn all of it. My advice here.
Look up boxxcode on youtube and follow his tutorials step by step. Slow it down by half if you got to. This is good to get familiar with the interface and where things are at. You won't use it all everytime but it's a good start.
If you need to solve a specific problem, just use the search bar in the forum. Someone has probably already asked. There are also contributors on here who have guides and tutorials. You'll know by looking at the engagement.
Break your project down into blocks instead of working on it as one big project. Once things work out, then move on the the next phase.
Don't worry about the bot placing orders. Have it do something as simple as draw an arrow so that you can visualize what's going on on the chart. Once that work out, then replace it with and order execution.
Build Build Build. Don't feel discouraged because you're not a wizard at this. You should have hundreds of files downloaded of constant adjustments. It would be nice to simply ask a question and get a solution but that's just not the case. It's trial and error and if you stick with it long enough, things will become easier to solve or find work arounds.
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I agree with all the JayPhillbrooks comments. Sadly fxDreema is not easy to grasp initially. It is not as intuitive as I think it should, but IMHO it is still the best tool available on the market today to create your custom bots. And as JayPhillbrooks said, your approach to the market is not a good one on the long term. There are several better options.
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First, create a strategy skeleton, for example:
The strategy should look like this:
Backtest report:
I only deal with code, I don't do puzzles!
the file should be pasted into Expert Advisor MT5, click twice, in edit click compile, there is testing and optimization in tester...The file comes from the MT4/MT5 publisher's website 1._Adaptive_Crossover_RSI_Trading_Suite.mq5 -
Thanks for the feedback guys
I have been watching Boxxocode, The Andorran Investor along with a few others
I'll keep working on learning more and practicing how to use FXDreema
You can all continue sending more advice or strategies to practice to help with my learning journey
Thanks again everyone -
@Sir There are also some courses on Udemy. They do cover basics and are easy to follow with clear explanations. If you catch it at the right time, you can get it discounted 80%. Too many people are looking for some master course that breaks everything down and turns out a profitable strategy. That just doesn't exist.
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@l-andorrà Yeah it's definitely the best tool out of all the ones I tried and I'm glad that picked it up after trying out the other stuff. It's way more flexible and a ton more options and ways to skin a cat. I also have a 3D animation background and it's really similar to 3D programs that are node based. But yeah it was tough to grasp at first but that's how most software is that are actually pretty good.
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@l-andorrà said in Please Help Me Create My EA With Specific Simple Strategy:
I agree with all the JayPhillbrooks comments. Sadly fxDreema is not easy to grasp initially. It is not as intuitive as I think it should, but IMHO it is still the best tool available on the market today to create your custom bots. And as JayPhillbrooks said, your approach to the market is not a good one on the long term. There are several better options.
What is IMHO?
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@Sir In my honest opinion.
