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  #171 (permalink)  
Old 05-02-2008, 05:07 PM
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@fxfariz36

i seen in a screenshoot that you using dinapoli indicator in your trading ... can you help me build an ea from it

RULES:
BUY order - Place only one BUY order when the red dotted line (call stop line) is "below" the white dotted line (call entry line)
SELL order - Place only one SELL order when the red stop line is "above" the white entry line.

(Please refer to two screen dumps for a clearer understanding)

Order handling. When the indicator switches position e.g from Buy to Sell then close any BUY pending order or/and filled BUY position regardless. Reverse is true for Sell to Buy. There are times when the price retraces back to the white entry line so the logic need to ensure that if there is already 1)pending order or 2) filled position then don't place any more order.

TRADING METHODS
Method. Multiple orders with multiple TP. for example
- 0.50 lots with TP1 default
- 0.30 lots with TP2 default
- 0.20 lots with Fantasy line default
The Ea should allow selection of TP for either of the trading methods. (by default: there are 5 TPs. TP1, TP2, TP3, FantasyLine, Crazy Dream line)(trailing STop 1=)

STOP LOSS
The dotted red stop line remains throughout a position. My definition of position is either a BUY or SELL.

TIMEFRAME
Works best on H1, D1, and Weekly chart. M30 is volatile for this indicator though it works but with smaller gain (<10 pips) gain.

MONEY MANAGEMENT
No more than 4% of the capital. Option to select No.

nice would be combine entry orders with another indicator .
there is a good one called damiani volatmeter .. when volatility is low : dont trade !



lets build * what you think
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  #172 (permalink)  
Old 05-03-2008, 02:38 PM
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