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Hi shwetha
What you are asking for, is kind of difficult. I'm talking about the (2) condition. The first condition is simple but the problem is defining a whipsaw. How do you set your conditions for the whipsaw? (Open & Close of the bar < EMA50 and High>EMA50? Highest of the last X bars < EMA50+20pips & last Close<EMA50?...) These are simple examples but You have to give precise instructions. I hope you understand my point. If you have any ideea on how to define the whipsaw please post it here. |
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Quote:
technically a buy or sell signal is generated but it fails to give a pre defined profit target level is known as whipsaw .by putting second condition in my stategy i want take trade after one such whipsaw .in my eg a signal which has not generated 100 pips profit i hope i clarified u'r doubt thanks for u'r reply |
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hello cucurucu
Quote:
ok meanwhile can you code for buy /sell condition one and for to generate alerts .regarding whipsaw i will monitor manually iam eagerly looking to code my stategy and to trade automatically thanks in advance bye |
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...but you have to think of some filters. This condition only, has no chances of success.
I have coded only the buy/sell section (condition 1). You can set it on "Ask manual confirmation" so you can decide if the EA should enter the trade. If you find any bugs in this EA, please let me know. Bye. |
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1.You have to copy the file to your ProgramFiles\Metatrader\Experts folder.
2. You have to open the file using MetaEditor. 3. Click Compile button in MetaEditor. 4. Run MT4 and attach the EA to a chart. Please note that the timeframe is set to 0. This means that the EA will use the timeframe of the chart. I hope this solves your problems. PS - This EA is working with MT4. I hope you don't use MT3. |
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hello cucurucu
hi i copied the file to program files\interbankfx\experts
it is copied i can see the code in meta editor ,but i could not see copile icon there but under file verify button is there ,when i clicked it it verified the code and says 262 errors and 0 warnings iam using mt 4 only how to go about further bye |
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:) you are not using MQL4
You are not using the right version of MetaEditor. MQL4 doesn't have "verify" button. Verify button is only in MetaEditor 3.x Please go to Help - About and see for yourself.
I doubt you are using MetaTrader4 since the MetaEditor version you're using is 3.x. Good Luck! |
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