My 3rd EA In The Market : Sure Fire

Sure Fire

 

Sure Fire is a price action EA combined with martingale money management.

The strategy is open source contributed by John Carricaburu - The "Sure-Fire" Forex Hedging Strategy.

I have added proprietary entry system which gives the system an extra boost and a modified martingale function.

This EA is safer as compared to Rocket but the returns are lower. No risk no gain.

My 2nd EA In The Market : Rocket

Rocket

This EA is designed to take advantage of price retracement. It enters a trade with minimum volume size when the price is exhausted and uses averaging with increase of volume when the market goes deeper into oversold/overbought zones.

There is no stop loss. Positions are only closed in profit.

To better yield with this EA, it is recommended to trade multi-currency pairs.

Quote Of The Day

I find this quite meaningful but I forgot which website it came from.
 
1. Decide that you want to trade for the long haul. i.e decide that you want to trade 20 years from now.

2. Learn as much as you can. Read, and listen to the experts, but keep a healthy disbelief about everything.

3. Do not be greedy and rush to trade – take your time to learn. The market will be there with many good opportunities in the months and years ahead.

4. Develop a method for analyzing the market, that is, if A happens, B is likely to happen. Markets have many dimensions – use several analytics methods to confirm trades.

5. Develop a money management plan. Your first goal should be of long term survival, second goal, a steady growth of capital and third goal, making high profits.

6. Be aware the trader is the weakest link in the system. Learn how to avoid losses and develop your method of cutting out impulsive trades.

7. Winners think, feel and act differently than loosers. You must look within yourself and strip away the illusions and change your old way of thinking, acting and being. Change is hard, but if you want to be a successful trader, you have to work on changing your personality.

My First EA In The Market : Pin Bar Trader

Pin Bar Trader

This is my first EA to be listed in the MQL5.com

As the title describe, it is a pin bar trader. It takes signal from a pin bar and trade accordingly to it.

It also comes with custom max so that you can choose the best parameters from the top few.

Signal is rare but when it comes, it is highly profitable. You can go and demo it. It's free.

Link to install Metatrader 5 here.

Creating a EA with MQL5 : Part 1

Before you begin to code your EA, do you have a deep understanding on how the MetaTrader Strategy Tester works?

Why do you need to understand how it works? After you have coded your EA, you need to back test to see if it performs accordingly to your strategy right?

Well, if you have not read up on it, I suggest that you read up these links provide before you venture into the world of EA.

Testing Trading Strategies
The Algorithm of Ticks’ Generation within the Strategy Tester of the MetaTrader 5 Terminal
Creating Custom Criteria of Optimization of Expert Advisors

Some food for your thoughts
Order Strategies. Multi-Purpose Expert Advisor

Have a good time reading.

AUDCHF - Jan - Buy Signal

Signal : Upwards Channel

Buy when price near support trend lines

End Of ATC 2012

ATC 2012 had come to an end with me in position 35. It is a really nice experience to have participant in this competition.

My EA had some error and got into an endless loop. Everything is fixed now and I'm moving on to develop more EA to participate in the coming championship.

Check out my ranking http://championship.mql5.com/2012/en/users/doshur


Some statistics on the competition

Total participants : 447
(If you did not know, all these participants EA must generated profit from 1st Jan 2012 to 31st July 2012)

Profit participants : 129 (28.85%)