Best posts made by roar

Hi!

This is how I would go about it:

https://fxdreema.com/shared/Hmmb4zOfb

Uses 1 variable that keeps track of your daily equity, and 2 constants to set the targets for daily profit and loss

Slightly off topic: if you have more than 1000 blocks, I'm smelling some kind of repetition - you could probably decrease your project size by using arrays, loops and other higher level stuff

@seb-0 said

When you are saying "the Sp500 and my EA are not correlated", do you mean 1.the behave of my EA on the Sp500 is uncorrelated to 2.the behave of my EA on any other instrument ?
Thank you tho

I meant just going long on sp500 and then using your EA to trade forex, for example. It is unlikely that a negative day on sp500 always happens same time as negative day with your EA trading EURUSD, for example. The return series are uncorrelated. In theory, having many profitable but uncorrelated investments will smooth out negative shokcs in the whole portfolio, giving you better sharpe ratio.

What do you mean, 3 trades? I havent used the % risk in a long time, should look into it...

@l-andorrà can you elaborate, how the loop block uses local time?
In your example, you just check that the candle ID is 0. Candles are always server time...
Can you test by printing out the "Close Time (UNIX)" variable from each closed trade, so we see what timezone those values will be?
I would test myself, but I have the same timezone as my broker..

@morad-dezhfard I would just start building, putting random blocks together and see what happens.

But there is also some documentation, youtube channels... @l-andorrà might also help you

So you can view the project in the fxdreema builder? You know, you could just open 2 browser tabs with fxdreema builder, and then copy-paste the blocks. Probably still gives some errors but they are easy to solve.

@l-andorrà you dont have to guess, just look: get the close time of that order, put it in a variable and see what the value is

Do it like this. The custom code block doesnt do anything if you dont save the result.

Oh, and dont put semicolon in this case.

You can build in both mql4 and mql5. There is an option to choose mql5 when you start a new project

If ZigZag indicator had a low at candle ID 1, the low would be printed to the candle low 1.
Candle close 1 is never below candle low 1, and close 1 never crosses below candle low 1.

@sktsec well its the general section, maybe its fine to ask such a thing.

But: EAs are run locally, the source code (the strategy) will never reach the broker. And even if the broker gets the source code, 99.99999% of EAs are pure garbage. No broker in the world can afford to hire 10,000 developers and financial analysts to go through the millions of EAs, finding the remotely good ones. It will never be good business for the broker.

Use the symbol parameter:

@fxDreema thank you!

@TipsyWisdom said

ah ok, accounting for what has been said so far, I could also put all closing conditions, under a once per minute and it would also solve all this?

Yes, it helps. Basically, if you do your trading actions on open/close prices, everything is fine because metatrader usually has the open & close prices for every candle. Problems arise the moment you make trading actions at any fixed level (pending order, fixed SL, fixed TP, trailing stop) because metatrader might not have data exactly for the level you want.

@moon
Honestly, I don't know with mt4. With mt5 you don't have to.

@Mantadiver you have 10000 unique blocks without any pattern among the blocks?

If not, I'm willing to bet you can reduce at least 70% with some new structuring. You up for it?

Let me guess: the dynamic TP is the one factor that is utmost important for the EA. The moment you test using fixed stops, the EA plummets?

@spicynote
Starting a new project:

Those price constants are determined by mql5 themselves: https://www.mql5.com/en/docs/constants/indicatorconstants/prices

"Average" might not be the optimal term there, but the calculation is correct nevertheless