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