Multiple Indicator Exper Advisor

[nick1uk]

Its IC Markets MT5 Hedge account

[Apprentice]

Have some problems with IC Markets
I can't run the EA live and I can't run the backtest.
Try to use some of the alternatives.

[hamstertrance]

trying to use this indicator but somehow it didnt trade even placing there for some time..... i did manage to do some decent backtesting. i've enable true for the EA also. have i missed out anything?

[hamstertrance]

I have run into some issues with the EA. I was able to do the backtesting normally but when place into chart for live trading it is not able to get and trades executed. Nothing on journal as well. I have enabled EA to true.

[Apprentice]

Can you specify the exact file name?

[Rodrigo Rethka]

"The dealer selects the Entry Percentage provided by the Entry coefficients (70% by default)"

Would it be possible for the EA to open orders with any% above 70%?

I realized that it only opens position when the exact 70% entry percentage is reached,
however, there are cases in which the percentage of entry is 80/90% and the EA does not open a position, even if this is theoretically more assertive.

As for the Trainling stop, I realized that it is not working properly, but to solve this problem I am using another EA for this function and it is Ok.

So far, in general this EA is very good,
it has already earned me a lot of positive pips.

[Rodrigo Rethka]

Multi_Indicator_EA.png

DESCRIPTION:

This Expert Advisor is a complete trading system based on a variety of technical indicators, moving averages and pivots. Each of those elements can be assessed in many ways (depending on the indicator) providing limitless optimization scenarios for the expert advisor. In order to work it is needed to play with the variables and create defined rules and coefficients. Default parameters will not provide the expected positive results.

Indicators included with the possible scenarios for Entry:

- RSI (Above Middle Line, Below Middle Line, Positive Slope, Negative Slope, Above OverBought Level, Below OverSold Level)
- Stochastic (Above Middle Line, Below Middle Line, Positive Slope, Negative Slope, Above OverBought Level, Below OverSold Level)
- CCI (Above Middle Line, Below Middle Line, Positive Slope, Negative Slope, Above OverBought Level, Below OverSold Level)
- Ultimate_Oscillator (Above Middle Line, Below Middle Line, Positive Slope, Negative Slope, Above OverBought Level, Below OverSold Level)
- MACD (Above Middle Line, Below Middle Line, Positive Slope, Negative Slope)
- Williams_Percent (Above OverBought Level, Below OverSold Level)
- ADX (Weak Trend, Strong Trend, Very Strong Trend, Extremely Strong Trend)
- ATR_High_Volatility (If True is considered)
- Use_ROC (If True is considered)
- Use_Bear_Bull_Power (If True is considered)

Current Price Above these indicators for Buy, Below for Sell:

Pivot Point
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)

Coefficients for Entry:

At this moment there are 17 different indicators considered.

- The trader selects the Entry Percentage given by the coefficients for Entry (70% by default)

- Each Indicator can be used or not

- If the indicator is used, its coefficient is added to the Total_Coefficient. By default each indicator has coefficient equal to 1. If the trader considers that some indicators should weigh more than others he needs to play with the coefficient values, the total would be also increase in this case and whenever the indicator with the higher coefficient gives true for either buy or sell it will make the entry more viable.

- For example, if all indicators are equal to 1 and 11 of them give a buy signal, the Buy Entry Commitment at that moment is (11/17)=64.7%. But if the MACD, SMA(10) and SMA(20) have a coefficient of 2 and the 3 of them were giving a buy signal in those 11 indicators, the Commitment would now be (14/20)=70%. This means that the necessary total is higher now but if the indicators making that total higher are giving a signal then the commitment percentage would be reached faster.

Expert Advisor Options/Features:

- Only one trade at once
- Automatic Lots based on Risk: 1% by default
- Trader can choose to trade both directions or only buy or sell
- Trader can select the Time Frame to be analyzed
- Trader can have predifined Stop Loss, Take Profit and Trailing Stop Loss (TSL needs revision)
- Stop Loss and Take Profit Levels modified automatically as per trader values in points (5-digit brokers 1 pip = 10 points, so 20 pips are 200 in these fields)
- Optional Sound and Email Alerts included
- Other features: slippage, magic number, manual lots

Multi_Indicator_EA.mq4

"The dealer selects the Entry Percentage provided by the Entry coefficients (70% by default)"

Would it be possible for the EA to open orders with any% above 70%?

I realized that it only opens position when the exact 70% entry percentage is reached,
however, there are cases in which the percentage of entry is 80/90% and the EA does not open a position, even if this is theoretically more assertive.

As for the Trainling stop, I realized that it is not working properly, but to solve this problem I am using another EA for this function and it is Ok.

So far, in general this EA is very good,
it has already earned me a lot of positive pips.

[Apprentice]

Your request is added to the development list.
Development reference 270.

[nick1uk]

hi guys,

did the trailing stop loss issue ever get resolved?

thks

[malynurek]

Hi Apprentice, really appreciate your fantastic work!

Could you please add NEWS FILTER and other settings to this robot - the same which you added to the other robot from this thread --> https://fxcodebase.com/code/viewtopic.p ... 8&start=40

I guess you can copy the code from the other robot - because they are working good - tested

Please see the attached screenshot with missing features highlighted.

If not all are possible at least please add the NEWS FILTER so it can stop trading for news.

Please add the features to this MT4 version --> Multi_Indicator_EA.mq4

Thank you for your support!