Fixing my old ea and adding to it

MQL4 Indicadores Experts

Termos de Referência

dear


BUDGET IS FLEXABLE BUT DONT ASK HUGE AMOUNTS ,  !

FOR THIS JOB I NEED GOOD PROFILE AND RATING PLEASE , less than100  project i reject ! also i reject bad profile !

u have !! to explain ! the current ea parameters !! and the explain what u unerstood from the new modifications !! dont just come and say hello !!



there are 3 sections u have to read and understand , most modifications are relavent to the entry models ( scaling and original )

section 1 : is the modifications part .

section 2 : is adding indicator part .

section 3 : adding your experiance to make this ea work part .

lets me explain each section first , once u understand the first section go to the second section okn .

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section 1 : is the modifications part .

1 ) i attached my old ea , u can just download it and test it to undersnad it more  


1.1 )  the scaling entry model : and these are its parameters which u can find down the in ea .


2 )  the ea open a bigger lot size at the first trade to recover the prevuios lost > fix it to be normal lot size .look at the picture to understand 

2.1) as u see from the picture above = the trades closed due the choch reversal , and so all trades closed = now look at the left , what do u see ? ........ there is a total lost of -50 correct ? ....... so ea should open next trade 0.01 which is the start up lot by parameter in the setting ,,,,look what happene on the next picture 



but !! what happend is = the ea opened 0.11 lot size to recover the -50 lose !!!! 

do u understand now ? so u have to change this one to act normal .


3)  make the cut loss point after choc input as on/off , if on it will continue doing the same thing = it will just close on the choch reversal like it did on the below picture . so actually nothing to be changed here , it is just to show u .

now here is the change u will do =  if off u will make ea cintinue opening order until close on basket like this picture 



3.1_ so option A = to keep opening trades ( when there is a setup not randomly } and close on basket like all trades result = for example +20 pip s or +50 pips , depends on the input parameter !


3.2 : or option B = to close the trades on the next opposite setup like this : ( as u see nothing much to explain ) .


3.3 ) or option c , just keep it as it is now , so actually no change .



4 )  to add these inputs to the scaling entry model , which i saw in (( another ea called  ea budak , which also u can download from the attachment to test the paremters and implemnt it in my ea , and when i say inplement it i mean coonect it to the entry set up and the calculation and all relavent aspects of my ea )) ,  :

to explain the inputs :

 - the multiplier is automatic like if i put 1.1 the ea will increase the next trade lot to be from 0.01 into 0.02 and to 0.03 and so . if i put i 1.2 the ea will increase the next lot size from 0.01 into 0.03 into 0.05 and so , so it depedns on the inpput parameter .

 - take profit in pips that is basket clsoe as in the picture , , this one i already asked u to add above if u are focused !

 - stoplose in pips or using the current method in my ea which is choch closing , ( it is just a stop lose )

 - distance between orders is like if for example if we had 5 levels and i put in the input 20 pips so from the first level the ea will not open another trade on the next level unless it is 20 pips away from the first level . ( do i need to say more < the range is for example is 20 pips , so from the first trade to the trade is 20 pips and ea will open anytrades even if there is a setup due to this input

- the rest is easy i guess .

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5 ) the current ea increases the lot size of the first trade only to recover the prevuios lose and thisshould be fixed as i said above if you are still focused !but instead of lot increase of the first trade i need to to increase the basket total take profit to recover the prevuios lost !! how :??

very simple : look and focus

A - in the ea parameters i did put +20 close on profit ! so what ? so any upcoming trades , baskets should close on +20 pips profit correct ? but !! we have lost -50 pips okay !! so ea will do what ? the ea will just add these -6=50 pips to the next trades , mmmmmmm , so how much the tp will become ? simply the original tp was +20 pips and prevuios lost is known like -50 pips so mmmmmm the ea will make the next trade or basket = 70 pips !

THIS WAY WE WILL HAVE LOST recovered by ICNREASE THE TP NOT THE LOT SIZE OK ? SO ADD THIS FEATURE AS ON/OFF OK 

IF ON = THEN IT WILL DO WHAT I EXPAINED UP AND IF IT OFF THEN IT WILL NOT INCREASE THE TP . 



6 )currently  THE EA TO ENTRES THE WRONG LEVEL :

IN CASE IT WAS SELL ORDERS THE LEVEL EA SHOULD ENTRE MUST BE( ABOVE THE FIRST ORDER NOT BELOW IT) = sometimes due a range market , more levels will shows and if we had usign the scaling model then the ea should now open a trade based on a setup that comes above the first setup , only above !ok ???


AND IN CASE OF BUY ORDER THE LEVELS SHOULD BE BELOW THE FIRST ORDER NOT ABOVE IT = sometimes due a range market , more levels will shows and if we had usign the scaling model then the ea should now open a trade based on a setup that comes below the first setup , only below !ok ???


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section 2 : is adding indicator part .


1 ) TO ADD THE LEVEL ZONE INDICATOR , primary we are adding it not for entry , we are adding for one reason only = which is a way of recovery , so if this indicator input was on then all other recovery methods in the ea shoulld not work , make it this way ok !?

now have a look at it 


2.1 ) U HAVE TO ADD IT TO BOTH ENTRY MODELS IN THE EA , THE ORIGINAL AND THE SCALIGN ENTRY MODEL AND IT SHOULD ALIGN WITH both parameters , calculations and all relavent aspects .

2,2 ) WE WILL USE IT TO RECOVER OUR LOSES , SO IF IT IS ON THEN I WILL NOT NEED TO TO ENABLE RECOVERY MODE FOR ORGINAL ENTRY MODEL AND IF IT IS ON I WILL NOT NEED TO ENABLE THE TP INCREASE IN THE SCALIGN ENTRY MODEL ( already spoke of it )

- IT WILL REOVER BY USING THIS INDICATOR :like this logic ::

  • Place locking trades at zone boundaries:
    • Buy pending order  at the lower boundary of the zone.
    • Sell pending order  at the upper boundary of the zone.

what happens when both orders ( from the same zone ) are activated ??  >>>> it will called a positive lock whcih means a gain ! for example we lost -50 pips , ea will try to recover it using this indicator , how ? by putting these pending orders in the picture with the correct lot size based on the zone width ! lets imagine these zones in the picture have a 50 pips size , the both order ( of the same zone ) are activated ? what do u think will be the rersult ? mmmmmm yes u are correct ! it will be a gain of +50 pips 

what do that means ?? >>> it means we recovered the lost by using this indicator !! so ea now will delete the remaining pending orders and what ?? >> will just resume its work !

  • Close trades when losses are recovered.

2.3 )  Managing Negative Locks: ( this will happen !! when and how ?)

when : it will happen when the price activates one pending order from a zone and go another zone pending order like this :

how ? did u see ? are your eyes opened and you are still focuses ? this exacatly the opposite of the possitive lock above ! this is what i dont want to happen ! this is called negative lock !! price went and activated the red zone first ! then it was supposed to go down and activates the blue levels which is the buy peniding order but it went up again the activated another zone buy order !! 

what do u think the result of this negativel lock ? is it a gain ? no !! can we recover from it ? no 

so we had a lost -50 pips before and that is why ea put the pending orders on the boundries of the zones but due to the luck !! a negative lock happened  instead of a positive lock which cased us more -20 pips to be added to the -50pips !! so now we have a total of -70 pips lost !


how to recover from that now ?

- u have to make an input specificaly for this situation , called manage losses from negative locks which are :

A ) Use locking in the next zone.TO KEEP TRYING TO RECOVER THE LOSSES !

B) Increase lot size on the zones  to recover additional losses ( ON/OFF) 


MORE EXPLAINATION CAN BE PROVIDED AND BETTER IF U DO BACKTESTING SO U UDNERSTAND THE INPUTS MORE .


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section 3 : adding your experiance to make this ea work part .

to add what ? how ?

1 - add another way to define the trend , currently the ea runs on the choch conecpt but not profitable on the reversal markets !

2 - add a better filter , method , or what ever on the entry set up ,, why ?? >> because the current setup is super simply !! how : look down

sell = candle closses above the level , ea puts pending order on the level , once price comes back it activated the sell order !!

buy = candle closses below the level , ea puts pending order on the level , once price comes back it activated the buy order !!


so simply that it is the destroying the winrate of this ea !! use your knowleadge and experience to combine it with a filter that will increase the win rate !!



and thank you for you time 


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