I haven't update this lovely blog for about 2 weeks... Since my daily routine and I haven't got any fresh idea about Automated Forex Trading. When opened my PC, I found one of my favorite EA. It is Dolly Expert Advisor. Actually, I made this EA last year when one of my best friend asked me to make an automated robot trading for this famous strategy.
Dolly Strategy is made by Valasholic, a trader from Jakarta, Indonesia. The basic idea of this strategy is breakout system. Then some traders tried to make this strategy more profitable and reliable at Forex-TSD.com. If you want to know further about this Dolly strategy, the explanation has written well at fxneo.com .
So, I will move to the EA itself. This EA uses breakout parameters just like the original parameter of Dolly indicator. If you don't know about how to configure Dolly indicator, you can read at here. This EA is the early version of Dolly Strategy. It just uses breakout function based at time trading and added with additional indicator, BBStop. The additional indicator can be shut down by change the "UseBBStop" parameter into false. By the way, we can also change the Time Frame of BBStop indicator by changing the value of "PeriodInd" into Time Frame that we want. For example, if we want EA to look at the value of BBStop at 4Hours, then change the value of "PeriodInd" = 240. Also, this EA is set to open once a day if its position gets TakeProfit value and can be opened another position if the first position get loss, the maximum number of opened position in the same day is 2.
Final words, I decide to share this EA for collecting input about how to make this EA more secure and also more profitable LOL . Just give your idea by posting through comments and I will decide whether it shall be implemented at the EA.
Download the Strategy Tester Statement : here
Download the EA : here
After 2 months from the Project started, now we already had a winner for the open project EA. As we can see at the left picture, Kuasa Forex Strategy is the most popular choice but unfortunately it was cancelled due to request from Marcell, the one who brought it into poll. So, I have to stay on the track for eliminating Kuasa Forex and choose GBP/USD Daily as the winner.
But don't be worry for people who loves Kuasa Forex since I already have a plan to write it into an EA, too. We must wait for a few days (or week) before that happens because my routine. Just for our secret, I already write an EA which is very similar with Kuasa Forex. If you have already read my previous post about Simplicity Strategy, you will understand what I mean ;)
Ok, now back into GBP/USD Daily Strategy as the winner of the poll. The good news is the EA is ready. I already made 2 version of this EA due to different result from backtest. The difference is v1 ignores Doji Candle for closing position but v1.1 use that as requested from the original thread. For detail, please go to the http://forex-strategies-revealed.com/advanced/midnight-setup
Now, let's check the result from very short period of backtest from these 2 version of GBP/USD Daily EA. I named this EA as "Midnight EA".
Backtest of v1
Backtest of v1.1
From the short period of backtest result, it seems version 1 (without Doji rule) is more profitable than v1.1. But I don't know for longer period since I haven't done that. For that purpose, I ask people who download and do backtest for longer period to share the result here. I will very appreciate it.
EA's Parameter
MagicNumber = 2008; //identifier for using the same EA at different pair
Lots = 0.01; //starting lot
OrderStopPips = 5; //Distance in Pips for placing stop order
StopLossPips = 3; //Distance in Pips for placing stop loss
MinPrevRange = 90; //Minimal Daily Range Rules
TakeProfit = 50; //TakeProfit
DojiRange = 10; //Value for defining Doji Candle (Absolute value of OPEN - CLOSE)
Slippage = 5; //Slippage
Download link for the detail statement of backtest from v1 is here
Download link for the detail statement of backtest from v1.1 is here
Download link for the EA Midnight v1 is here
Download link for the EA Midnight v1.1 is here
PS: Please don't ask for the source code because I won't share it. It took a lot of time to write an EA but some people will claim it and sell it.
Ok, time for collecting trading systems is finished now. There are a several trading systems which seems so interesting to be programmed as EA. I list them below with the detail.
1.Advanced System #1 (Midnight Setup) / Gbp/Usd Daily Strategy
Detail in English : http://forex-strategies-revealed.com/advanced/midnight-setup
in Indonesia : http://daily-gbpusd.blogspot.com/
2.BGX strategy from Hulubalang 77 (from kaskus.us)
Since my original thread in kaskus.us was disappeared, I can’t find the original link for BGX strategy. I assume BGX strategy is the original trading system from http://www.strategybuilderfx.com/forums/showthread.php?t=7916
Click here to download template and indicator for BGX.
3.Simple MA Trading Strategy by Rahn
This strategy was given by Rahn via email. Because it is too long to share as a post, I upload as a word document file. Please download at here.
4.Zass C by Budiman21
This strategy is simply based at zass_vs1_C indicator. The criteria that is given by Budiman21 is so simple, just open new position when there is a trend change with fixed TP = 50 n SL = 50 at Eur/Usd 1H Chart.
The indicator can be downloaded at here.
5.Yoyok Strategy by yoyok_062429 (fxopen forum)
This Strategy based at TrendEnvelopes_v2, Slope Direction Line, and LWMA indicators. Yoyok gave conditions to buy and sell in Indonesian, so I will try to translate them.
Buy Condition : Trend Indicator below a bullish candle, Slope Direction Line indicator crosses up with LWMA (5).
Sell Condition : Trend Indicator above a bearish candle, Slope Direction Line indicator crosses down with LWMA (5).
He prefers to use manual exit but also gives fixed TP about 30-80 pips and fixed SL about 30-40 pips.
The indicators and picture about sample entries can be download here.
Ok, meanwhile I am collecting opinions from the system owners, people may select the best system that would be written into EA by given their vote in the poll section above this post. Time for poll is until the end of this month.
Have a nice day!
PS: (update June 6,2008) I remove "Kuasa Forex" as request from Marcel. So please dont vote "Kuasa Forex" !
I would like to start an open project to make an EA. This project is opened for everyone who has a profitable trading system (would be nice if you have a proof) but please remember, this EA would be shared to everyone including your system. Everyone who has an idea about a trading system that is worthed may post it as a comment in this post until the end of this month (May 2008). Then I will start a poll for a month later for giving chance for people to decide the most wanted trading system to program as an EA.
In short cut:
- Starting from today until end of this month, people may share a profitable trading system that is worthed to be written as an EA
- After that, I would start a poll to decide the most wanted trading system for a month
- I will make the EA
- After finish, I will share it as a free EA
