Hello everyone,

First I would like to thank all the contributors of this forum, as well as all the members who succeed to make this forum one of the most successful Forums in Forex. I have been browsing the forum for a while and I have finally decided to be one of the members, hope I am welcomed. Therefore, as a beginning, I would like to present my EA as I have been following the 10Points since it was born 12 months ago. Many thanks to the author (Alejandro Galindo) as we have seen so many successful EA's came up from this EA.

We all know the original 10Points uses MACD, many developers have succeeded to use different indicators conditions to make it more accurate and successful. I have implemented 4 indicators on an EA called "10Points_4_Inds" which gives the user the option which indicator to use for trading. Later on, I have added another 2 indicators WPR & DeMarker.

During the forward testing journey on demo & live accounts, I have discovered some obstacles, one of them was losing many opportunities open opposite trades. i.e. if buy trade initiated, it will only keep buying till it closes all the buy orders, and the same time there are many lost chances to go sell using the same indicator.

I have learnt in this forum how to use 2 different charts, using the same EA with different magic number, each chart is set to go on one direction only. That gave the chance to go long and sell simultaneously without interrupting each other. It was great idea, then had to open the same way for each indicator…. Sooo many charts to open for each pair.. very difficult to manage a single account with 12 different charts on 1 pair. I have then decided to combine all the EA's in one EA, just like having 6 different traders, each on of them uses its own indicator, each trader can do 2 direction trading. I finally succeeded with to implement that in Multiple10Points-X2.

Multiple10Points-X2, has got 6 traders, (RSI, STOCH, WPR, TURBO_JRSX, DEMARKER, FIBO), each one of them is totally independent, and each can trade both sides without interruption. For the one who understand the concept of 10Points will find it so easy to understand this EA. To understand the concept of Multiple10Points-X2, I prefer to do back-testing with visual mode on, It will show you everything on the chart.

Very important notes:
There are 2 extremely strong filters, specially for the high volatile pairs.
1. FIBO_FILTER: This is my favorite, only with pairs such (GBPUSD, GBPCHF, EURJJY, USDCAD, EURCAD.. etc). This will restrict the EA to open positions depending on the FIBO level, it will only keep buying below the support levels, and keep selling only above the resistance levels.

2. TREND_FILTER: This is for traders who only like riding the trend, this will restrict the EA to go long in Up Trend only, and sell on Down Trend only.

3. Money Management: The EA is considered to be one of the most dangerous experts ever exist. But through out my intensive testing, I have discovered this EA is only safe with low volatile pairs, such as (eurusd, eurchf, eurgbp, audnzd). With minmum risk (Pips=20 to 25) minimum profit collection (TP=25 to 30), and smaller Multiplier (Multiplier=1.6 to 1.8) using such settings won’t make large profits, but will make it impossible to lose. Trade only with 0.01 (either microlots or nanolots).


Settings
Lots use the minimum possible
TakeProfit between 25 – 30 (eurgbp 20-25)
Pips between 20 – 30 (eurgbp 15-20)
MaxTrades Minimum 10
Multiplier between 1.6 to 1.8 (increase only for high volatile pairs and using FIBO_FILTER)

UseIndicatorsConditions if true, it will restrict the EA to look for entry points according to the indicators status. Otherwise it will keep trading blindly without any indicator condition, kind of hedging trading. (never test it before, but looks aggressive trading)

UseTrend_Filter if set to true, it will only keep trading with the trend only.
UseFIBO_Filter if set true, it will look for entries based on Fibo Levels, buy on support, sell above resistance.

SecureProfit_$ example, if pending profit reaches $200 or above, it will close all the opened orders regardless to which pair.

ShowFiboLevels, if true, it will show the fibo levels lines (good for backtesting to understand the strategy of the EA)
ShowData, if true it will show all the instant information on the dashboard

To select desirable traders among the 6 traders, 1 or some or all.
Fibo_Trader
RSI_Trader
Stochastic_Trader
TurboJRSX_Trader
WPR_Trader
DeMarker_Trader

StopTrading, for example, at some circumstances and at any point of time, the trader wishes to stop opening new positions, but still want the EA to continue trading with the opened positions.. then set it to TRUE.

Hope my first post matches your interest.. and glad to be a member of this forum.

Good Luck and happy trading

Slami

Attached Files

Multiple10Points-X2 v1.2.ex4 (74.2 KB, 1820 views)

__________________

Rules of Engagement:

Its easy to make Profit, but Its not easy to manage the Profit.

Forex will not make you rich, but could make you a straight line of income.

Welcome to the big family. Should you have enough time, browse around 10point3.mq4 thread. neta1o had came up with new version of martingale based EA which will close off wrong direction trade. On my point of view = SAFE!!!. If you can help on that development, I would say we're not far from a super money making monster's development. Once again, thanks for the contribution and welcome to the forum.

Regards

David

Does this EA need additional custom indicators?

Hello

Backtest on everytick modelled on GBPUSD 1H 3pips spread WHC looks
impressive.

master001

Attached Images

StrategyTester.gif (5.6 KB, 6514 views)

Attached Files

StrategyTester.htm (247.1 KB, 506 views)

Thanks, but why don't you post the .mq4 file (like all the other developers did) so even the developement of your own ideas may continue ?

Looks really impressive (but it takes FOREVER to backtest). It would be nice to take a look at the code though, maybe some of the more expert programmers on here such as davidke could help you speed it up. Unless of course you are planning to sell it. However, it does still seem to blow up accounts on the days that have been problematic for other 10p3 setups, (06/08/07 and 07/10/07 I think) maybe some experimentation with settings will help.

Is there any expiration on this .ex4?

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魑魅魍魎

Love the graphics and the program. However, I have run 2 backtests for the eur/usd using the 30 min time frame with all default parameters and secondly with default plus trend filter = true. Both had similar results. Account blown each time on June 8, 2007. Should I be using a different time frame (1H, 4H, etc.) or different settings with eur/usd? (Time period Jan 2007 through current.)

Thanks

Attached Images

multi-10pt-eur30m.details.gif (6.7 KB, 6469 views)

David

Thank you for your post, that was really encouraging.

Slami

__________________

Rules of Engagement:

Its easy to make Profit, but Its not easy to manage the Profit.

Forex will not make you rich, but could make you a straight line of income.

Michel

I have no intention to sell the EA at all.. for one reason, this is not my EA.. it belongs to the original author (Alejandro Galindo). I will consider this to be very cheap behavior.. havent you noticed that in ebay, people are selling EA's which 10points clone.

Nothing serious in the code, its 6 EA's in one mq4 file (copy & paste) with little touches, and all called from start().. any one can do it.

I have explained the strategy very clearly and can be seen in action on backtest or forward test, fully self described, nothing secret in it. Its a collection of ideas put on one EA. At the end, I dont mind to share the code, but lets at least fight the parasites who steal EA's and sell them to the poor traders.

Slami

__________________

Rules of Engagement:

Its easy to make Profit, but Its not easy to manage the Profit.

Forex will not make you rich, but could make you a straight line of income.

Thank you for your feed back

The reason of slowbacktest process is that there are 6 indicators running at the same time, and the most slow is Turbo_JRSX. But trust me it does not behave like that in forward testing.

This EA will not have expiry date, but I will keep on updating with any version, bugs fixes, new implementations.. etc.

Slami

__________________

Rules of Engagement:

Its easy to make Profit, but Its not easy to manage the Profit.

Forex will not make you rich, but could make you a straight line of income.