samedi 7 février 2015
HA_Rider ( A Robots Lab EA )
Posted on 05:07 by nice news
Please not that this thread is under construction and that no one should post in this thread till the restriction is lifted and this text is removed and the EA added
-----Warning : Trading is very risky so please make sure you understand all the risks involved------
This thread will be dedicated to using the HA_Rider_EA coded by Abowaik and produced in his Robots Lab . The main idea was contributed by TyLamai .
To start a very special thank you to Abowaik who spends a great deal of time doing the coding of great robots like this one and then sharing it with us here for free.Most traders have to pay money to get systems automated and Abowaik is giving selflessly here at ForexFactory and we thank him for that.
The MOST important rule to remember here is that each of us has their own responsibility to learn how to do things that you don't understand and that Google is a great resource if you don't understand something.Threads like this one works well for people who do and think for themselves and I for one am very very happy to help within reason.We were all newbs once but respect and common decency is very important when requesting help or debating a certain point or topic about anything here.
The original post regarding the EA can be found in the Robots Lab by clicking HERE and summarized in TyLamai's own words below :
1. This idea is based off of the Heiken Ashi (HA) default indicator which comes with MT4. I would "suggest" the EA allows the option for the user to input his/her own preferred HA values.
2. See the attached Image. H4 chart is chosen just as an example - this should work on H1 or D1 or any other chart as dictated by the user.
3. Let's assume that HA begins with a Green/Bullish Signal...
- EA should wait for the HA candle to Close as Green and then open a Buy Position (Lotsize and Risk amount to me determined by User Input. SL and TP in my opinion is unnecessary for this system but you can decide to add these as user inputs too I guess.)
- As long as HA continues to close as Green/Bullish, EA should continue to open ADDITIONAL Buy positions at EVERY new candle Open
- Once HA closes as Red (i.e. a Contrary Color), ALL Open Green/Buy Positions should be closed and a Red/Sell Position opened (*Please see Arrows depicted in the attached image).
Attachment 1606301
TyLamai has been doing forward testing with the EA in the following way which has shown some good results up to present.There might be other ways that it can be used and traders are encouraged to try whatever they want with the EA and share their findings here.
TyLamai's setup (Which I will still confirm with him in full detail and then will remove this text in brackets once I have done that)
The EA is then set up in a basket of 15 pairs and will close all trades when a certain equity percentage change happens either to the positive or negative side
The pairs that he uses are :
AUDCAD
AUDJPY
AUDUSD
CADJPY
EURAUD
EURCAD
EURJPY
EURUSD
GBPAUD
GBPJPY
GBPUSD
NZDJPY
NZDUSD
USDCAD
USDJPY
Below are his instructions in his own words found HERE
General Notes:
============================
- I trade this on 15 currency pairs (list of pairs also attached).
- I trade this on the D1 TimeFrame. Therefore, this BOT opens trades ONCE daily but on 15 pairs simultaneously IF...if the conditions are met.
- I manually intervene at times - Like choosing NOT to trade today since it's already Friday (*BOT deactivated from yesterday).
- I do NOT allow the BOT trade on Sunday Night...I only activate it on Monday so that it's first set of trades occur at the BEGINNING of the Asian session on Tuesday (please figure out how that applies to your time zone).
- NO. I do NOT trade this Live yet.
Money Management Notes:
============================
=> I do NOT trade this system using StopLosses and neither do I make use of TakeProfits.
=> I employ SET Target Percentages (30%) at which point an Equity Management EA Closes ALL trades and that's that.
=> An Equity EA also Closes ALL trades if Equity drops to 40% of the Starting Equity (e.g. $400 on a $1,000 starting equity).
=> I trade 0.10 lots per $1,000. This increases EVERY $1,000, meaning: At Equity = $2,000, Lotsize will increase to 0.20. Also note that at $3,000 I decided to maintain the 0.20 lotsize to mitigate risk.
=> Lastly, you MAY chose to GROSSLY reduce your own risk by making it 0.01 lots per $1,000, your choice.
=================================== =================================== ==============================
Here is a link to his Trade Explorer and I will try and add it to this thread sometime if he thinks its a good idea
I will continue later as I have other things to add and do elsewhere .......................
Please not that this thread is under construction and that no one should post in this thread till the restriction is lifted and this text is removed and the EA added
HA_Rider " Basketting "
========================
AS ALWAYS PLEASE ENSURE THAT YOU READ THE WHOLE FIRST POST OF THE THREAD BEFORE ASKING ANY QUESTIONS
-----Warning : Trading is very risky so please make sure you understand all the risks involved------
This thread will be dedicated to using the HA_Rider_EA coded by Abowaik and produced in his Robots Lab . The main idea was contributed by TyLamai .
To start a very special thank you to Abowaik who spends a great deal of time doing the coding of great robots like this one and then sharing it with us here for free.Most traders have to pay money to get systems automated and Abowaik is giving selflessly here at ForexFactory and we thank him for that.
The MOST important rule to remember here is that each of us has their own responsibility to learn how to do things that you don't understand and that Google is a great resource if you don't understand something.Threads like this one works well for people who do and think for themselves and I for one am very very happy to help within reason.We were all newbs once but respect and common decency is very important when requesting help or debating a certain point or topic about anything here.
The original post regarding the EA can be found in the Robots Lab by clicking HERE and summarized in TyLamai's own words below :
1. This idea is based off of the Heiken Ashi (HA) default indicator which comes with MT4. I would "suggest" the EA allows the option for the user to input his/her own preferred HA values.
2. See the attached Image. H4 chart is chosen just as an example - this should work on H1 or D1 or any other chart as dictated by the user.
3. Let's assume that HA begins with a Green/Bullish Signal...
- EA should wait for the HA candle to Close as Green and then open a Buy Position (Lotsize and Risk amount to me determined by User Input. SL and TP in my opinion is unnecessary for this system but you can decide to add these as user inputs too I guess.)
- As long as HA continues to close as Green/Bullish, EA should continue to open ADDITIONAL Buy positions at EVERY new candle Open
- Once HA closes as Red (i.e. a Contrary Color), ALL Open Green/Buy Positions should be closed and a Red/Sell Position opened (*Please see Arrows depicted in the attached image).
Attachment 1606301
TyLamai has been doing forward testing with the EA in the following way which has shown some good results up to present.There might be other ways that it can be used and traders are encouraged to try whatever they want with the EA and share their findings here.
TyLamai's setup (Which I will still confirm with him in full detail and then will remove this text in brackets once I have done that)
The EA is then set up in a basket of 15 pairs and will close all trades when a certain equity percentage change happens either to the positive or negative side
The pairs that he uses are :
AUDCAD
AUDJPY
AUDUSD
CADJPY
EURAUD
EURCAD
EURJPY
EURUSD
GBPAUD
GBPJPY
GBPUSD
NZDJPY
NZDUSD
USDCAD
USDJPY
Below are his instructions in his own words found HERE
General Notes:
============================
- I trade this on 15 currency pairs (list of pairs also attached).
- I trade this on the D1 TimeFrame. Therefore, this BOT opens trades ONCE daily but on 15 pairs simultaneously IF...if the conditions are met.
- I manually intervene at times - Like choosing NOT to trade today since it's already Friday (*BOT deactivated from yesterday).
- I do NOT allow the BOT trade on Sunday Night...I only activate it on Monday so that it's first set of trades occur at the BEGINNING of the Asian session on Tuesday (please figure out how that applies to your time zone).
- NO. I do NOT trade this Live yet.
Money Management Notes:
============================
=> I do NOT trade this system using StopLosses and neither do I make use of TakeProfits.
=> I employ SET Target Percentages (30%) at which point an Equity Management EA Closes ALL trades and that's that.
=> An Equity EA also Closes ALL trades if Equity drops to 40% of the Starting Equity (e.g. $400 on a $1,000 starting equity).
=> I trade 0.10 lots per $1,000. This increases EVERY $1,000, meaning: At Equity = $2,000, Lotsize will increase to 0.20. Also note that at $3,000 I decided to maintain the 0.20 lotsize to mitigate risk.
=> Lastly, you MAY chose to GROSSLY reduce your own risk by making it 0.01 lots per $1,000, your choice.
=================================== =================================== ==============================
Here is a link to his Trade Explorer and I will try and add it to this thread sometime if he thinks its a good idea
I will continue later as I have other things to add and do elsewhere .......................
Please not that this thread is under construction and that no one should post in this thread till the restriction is lifted and this text is removed and the EA added
HA_Rider ( A Robots Lab EA )
Categories: HA_Rider ( A Robots Lab EA )
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