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Pyramiding EA

  • Post #1
  • Quote
  • First Post: Jun 16, 2018 3:31pm Jun 16, 2018 3:31pm
You can use it as a recovery plan; if you trade long term (buy and hold)... or to win a demo contest

about the parameters:

-"sl" indicates how many POINTS (not pips) to blow the account.
-when you reach the "target" (in DOLLARS) it closes all positions.
-all positions are OPENED and CLOSED below "maxspread"
-the EA will open "lotss" as the equity grows
-the EA will stop adding positions when the total amount of lots reaches "maxlots"
-if "buy" is true it will open buy orders and vice versa
-very important: if "first" is true it will open a position when there are no positions, set it to false after opening the first !!
Attached File(s)
File Type: ex4 lol.ex4   4 KB | 3,438 downloads
thanks,

possible to backtest?
Hi HeyYou,

I would like to thank you for giving the EA.

All the bests,

Ok since I AM trying to recover

Attached Image (click to enlarge)
Click to Enlarge Name: Noname.jpg Size: 169 KB



I actually wanted to split the money and short EU, AU and go long on UC... but the actual situation on Gold is just too appealing

my target is 1000%!
@HeyYou could you please provide us more info: What is the working principal of the EA and etc.. ?
  • Post #6
  • Quote
  • Edited 12:31pm Jun 20, 2018 11:58am | Edited 12:31pm
Quoting DwainUK
@HeyYou could you please provide us more info: What is the working principal of the EA and etc.. ?


Not much to say! it adds positions as the equity grows. for instance if "sl" is set to 3000 and your account is $100 it will open 0.03 lots; that means you're willing to risk 0.3% each pip. therefore if the account grows to $140 it will open another 0.01 (if "lotss" is set to 0.01). when the target is reached it closes all positions.

here's how it looks like :

Attached Image (click to enlarge)
Click to Enlarge Name: Noname.jpg Size: 185 KB
Quoting HeyYou
{quote} Not much to say! it adds positions as the equity grows. for instance if "sl" is set to 3000 and your account is $100 it will open 0.03 lots; that means you're willing to risk 0.3% each pip. therefore if the account grows to $140 it will open another 0.01 (if "lotss" is set to 0.01). when the target is reached it closes all positions. here's how it looks like : {image}

Another thing: when you close the first position (manually or with a SL/TP), it will close all the open positions ...
Quoting HeyYou
You can use it as a recovery plan; if you trade long term (buy and hold)... or to win a demo contest about the parameters: -"sl" indicates how many POINTS (not pips) to blow the account. -when you reach the "target" (in DOLLARS) it closes all positions. -all positions are OPENED and CLOSED below "maxspread" -the EA will open "lotss" as the equity grows -the EA will stop adding positions when the total amount of lots reaches "maxlots" -if "buy" is true it will open buy orders and vice versa -very important: if "first" is true it will open...
does Pyramiding EA have trailing stop?
forex is better than cryptocurrency, trust me.
Doesn't place trades in the Strategy Tester
May i suggest adding break even, and break even step, it will avoid loss in retracement or
Trend switch.

Retracement: we win extra pips from break even step eg 20 pips to be and set 10 pips to lock in profit, and if trend continues the ea will resume adding lots so we still win big and avoid potential reversal

Reversal: our equty can handle more when trend goes against us since most order are closed from BE

Question: this ea works with pending order to trigger its first position?

Theres ea similar to this but placed order according to x pips move named forexrm i've been wanting to add BE on it too
Quoting densol
May i suggest adding break even, and break even step, it will avoid loss in retracement or Trend switch. Retracement: we win extra pips from break even step eg 20 pips to be and set 10 pips to lock in profit, and if trend continues the ea will resume adding lots so we still win big and avoid potential reversal Reversal: our equty can handle more when trend goes against us since most order are closed from BE Question: this ea works with pending order to trigger its first position? Theres ea similar to this but placed order according to x pips move...

I will grant your wishes in the next days.. busy now

this was supposed to be for fun or as a recovery plan...but it can turn into something serious!


Attached Image (click to enlarge)
Click to Enlarge Name: Noname.jpg Size: 203 KB
Btw gonna close all because if price retraces 150 pips I'm f**d
Quoting HeyYou
{quote} I will grant your wishes in the next days.. busy now this was supposed to be for fun or as a recovery plan...but it can turn into something serious! {image}
Thanks bud, its gonna be great trend catching assisting tools, and as i asked above do pending order able to be considered as ea first order? I could try it myself but my laptop is broken and i cant wait to know haha.
this EA looks interesting, any progress on its performance?
Quoting T4Trade
Hidden

thanks dear
Your EA working also in Bitcoin or other cryptocurrency?
Quoting mariox
Your EA working also in Bitcoin or other cryptocurrency?

IDK man, just try it out.
Now I see in your graph. EA opened a lot of positions at the same time, it's a little dangerous. You can add limit for this EA to open only one positions at the same time?
Quoting mariox
Now I see in your graph. EA opened a lot of positions at the same time, it's a little dangerous. You can add limit for this EA to open only one positions at the same time?
I don't understand what you mean !?

this is a pyramiding ea that opens positions as the equity grows. in my case I waited for a nice breakout on gold and used 1:80 leverage or something like that... of course... it's dangerous.. that's why my account was $100.
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