Thread: 10points 3.mq4
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Old 07-10-2007, 02:35 AM
manz66 manz66 is offline
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Different kind of indicators

Look at this indicator, looks dynamic. Link:

Trend Explosion Forex Trading System - Forex Trading Forum

Quote:
Originally Posted by neta1o View Post
Well here is the program entirely re-written. DO NOT TRADE WITH THIS LIVE.

You may demo trade if you wish. Basically, I rewrote the 10points3 code from scratch. I took out a lot and cleaned up the 10points3 code. I also added a new function called marketQuality. This is the basis of the entry and the exit of the program.

Right now I have a simple RSI script in there, but it clearly doesn't succeed. If any big runs happens it'll fail.

I plan on adding a lot of intelligence to this.

Test it out demo if you'd like and. Let me know what we can add or subtract.

What are some good indicators that are true to direction real time?

EDIT: This has no T/P or S/L because it uses indicators to open and close the orders.

I think to make a truly successful EA we'll need to make more of the variables dynamic. It needs to adjust with the market or it will always fail. The TakeProfit and the PipStep may need to be dynamic depending on the market volume and trade volatility. It would also probably make sense to program in a conservative money management so we can avoid having everyone tinker with the maxtrade variable. The maxtrade variable can then be dynamic based on account balance.
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