Thread: Elliot Wave EA
View Single Post
  #2 (permalink)  
Old 05-26-2006, 01:37 AM
sadaloma's Avatar
sadaloma sadaloma is offline
Senior Member
 
Join Date: Sep 2005
Posts: 344
sadaloma is on a distinguished road
Elliot EA V2.mq4:
- external variable for Juice value setting added
- external variable for Magic number added

The default juice value is 0.0004 and this value is for the eur/usd. As some know, each pair has it's own optimum threshold juice value. Especially the JPYs pairs. With this modification , we have the possibilty to choose.
I am not sure if it was coded correctly, maybe someone could take a look at it?

Elliot EA V3.mq4:
- Lotlimit added

Here is the explanation of Pete7 that modified it:

"I have added a 'LotLimit' value to this EA. AymenSaket use it with 1000. It means that you should have 1000*lot_value in your account (10.000 for 1 lot). If you have $500 in your account, and want to trade with this ea with 0.1 lot the LotLimit should be 5000 or less (500:0.1=5000)."


I haven't tested either modified EA. I am waiting for further options to be added first before going ahead and dedicating mulitple platforms for forward test.

I have 2 suggestion to add to the EA:

1. Right now, I am testing the EA on H1 charts. The problem is sometimes the EA makes several trades on the same signal/candle (after a take profit or when a stop loss get hit). Is it possible to limit the EA to 1 trade per Signal/Candle? (or give the user the possibilty to choose a True or False option)

Please look at the attached picture (multiple trades.jpg) to get a better understanding of what I mean , there were several SELL Gbp/USD trades made at the 16:00 candle. All of them were winners except the last one. I understand that it can be profitable for the EA to do that but more often then not, there is a high probability that it will loose.

I am also attaching a comparaison statement report if the EA follows the 1 trade per signal per candle startegy.

1 trade per signal per candle= 218 pips profit
Multiple trade per signal per candle= 160 pips profit

2. The second suggestion: It would be nifty if the EA reverse the trade when the signal reverse. (the possibility to choose would be nice...for example, reverse signal= T or F)
On the second picture attached (reverse trade.jpg), eur/chf had a SELL signal at 2 AM. At 12:00 there was an opposite BUY signal but the trade didn't close and reverse itself.

Thank you in advance to whomever decides to help out.

Sada
Attached Images
File Type: jpg multiple trades.jpg (118.4 KB, 4071 views)
File Type: jpg reverse trade.jpg (172.2 KB, 3893 views)
Attached Files
File Type: mq4 elliot EA V2.mq4 (6.7 KB, 795 views)
File Type: mq4 elliot EA V3.mq4 (6.7 KB, 1092 views)
File Type: rar Forward test H1.rar (3.5 KB, 728 views)

Last edited by sadaloma; 05-26-2006 at 01:43 AM.
Reply With Quote