I came across this system on a SBFX forum. I have tried to program an
EA for it. (I am new to programming...) The system only opens buy
positions. I need a little help here from the collective brain here.
Here is the system and EA as I have programmed it...
http://www.strategybuilderfx.com/forums/showthread.php?t=15467
BINARIO (TRUCK)
Binario is a trading idea, not a strategy that has been thoroughly
tested. It is a breakout entry, a trend follower method that can be
used in any time frame.
This is nothing new but a very simple method. I hope it could be
useful for beginners. (Please, do back-tests and demo-trading before
using real money).
The method should be coupled with proper money management.
The rules, see below, are for the pairing GBP/USD, but I think they
will work with any currencies.
The "Binario" lines are created by inserting into a 60 minute
bar/candlestick chart the following moving averages:
- 144EMAH – 144 bar exponential moving average of the high
- 144EMAL – 144 bar exponential moving average of the low
The 144 ema's produce momentum over the short to medium term. And they
will provide the justification for triggering the trade.
To avoid or reduce whipsaws, I use a filter of 25 pips for the pairing
GBP/USD on a 60 minute chart. The amount of 25 pips has been
arbitrarily chosen but in my opinion it's quite right for 60 minute
charts. This Filter (FFS) in not perfect. It can be increased or
decreased according to the volatility of the currency pair and the
time frame.
I have no data or performances to show, except the one attached (paper
trading).
Rules
1. Wait for the prices action to come into the area of the "Binario"
and break the further away line, and
2. Place an ENTRY STOP BUY order 25 pips + Spread (x pips) ABOVE the
upper "Binario" line
3. Place an ENTRY STOP SELL order 25 pis BELOW the lower "Binario" line
4. Set a STOP LOSS for LONG Entries 1 pip below the lower "Binario" line
5. Set a STOP LOSS for SHORT entries 1 pip + spread above the upper
"Binario line. The stop loss will be adjusted hourly or when necessary.
6. Set a LIMIT to take xxx pips of profit. (I set profit to 850 pips.
This target has been determined by calculating the average of the two
biggest not realized profits. However the target can be determined by
any means).
7. Both the current open position and the reverse position should be
adjusted as soon as EMA's value changes
8. EXIT – The exit will trigger when the target is touched or when the
opposite (the further away) "Binario" Line is violated by 1 pip +
spread for SHORT position or by 1 pip for LONG position.
9. When flat place Entry order as appropriate.
Note: This strategy, like any trend-following method, requires taking
all trades to avoid missing a big run
The test period is very short, so it is statistically insignificant .
Results showed below provide an example.
I will attach a couple of charts to make myself clearer.
http://rapidshare.de/files/6656775/...hments.pdf.html
All the best in your trading,
sencho
//+------------------------------------------------------------------+
//| Copyright 2005, Gordago Software Corp. |
//| http://www.gordago.com/ |
//+------------------------------------------------------------------+
#property copyright "Coded by Don Lawson aka don_forex"
#property link "http://www.gordago.com"
extern int TakeProfit = 850;
extern int TrailingStop = 10;
extern int PipDifference = 25;
extern double Lots = 0.1;
extern double MaximumRisk = 10;
//+------------------------------------------------------------------+
//| |
//+------------------------------------------------------------------+
int start(){
int cnt, ticket;
if(Bars<100){
Print("bars less than 100");
return(0);
}
if(TakeProfit<10){
Print("TakeProfit less than 10");
return(0);
}
double MA144H=iMA(NULL,0,144,0,MODE_EMA,PRICE_HIGH,0);
double MA144L=iMA(NULL,0,144,0,MODE_EMA,PRICE_LOW,0);
double Spread=MarketInfo(NULL,MODE_SPREAD);
double BuyPrice=Ask+(Spread+PipDifference)*Point;
double BuyStopLoss=(MA144L*Point)-(1*Point);
double BuyTakeProfit=Ask+(PipDifference+TakeProfit)*Point;
double SellPrice=Bid-(Spread+PipDifference)*Point;
double SellStopLoss=(MA144H*Point)+(1*Point);
double SellTakeProfit=Bid-(PipDifference+TakeProfit)*Point;
double lot=NormalizeDouble(AccountFreeMargin()*MaximumRisk/50000,1);
int total=OrdersTotal();
if(total<1){
if(AccountFreeMargin()<(1000*lot)){
Print("We have no money. Free Margin = ", AccountFreeMargin());
return(0);
}
double close=iClose(NULL,0,0);
if (close<MA144H && close>MA144L){
ticket=OrderSend(Symbol(),OP_BUYSTOP,lot,BuyPrice,3,BuyStopLoss,BuyTakeProfit,
"Binario",16384,0,Green);
if(ticket>0){
if(OrderSelect(ticket,SELECT_BY_TICKET,MODE_TRADES))
Print("BUY order opened : ",OrderOpenPrice());
}
else Print("Error opening BUY order : ",GetLastError());
return(0);
}
if (close<MA144H && close>MA144L){
ticket=OrderSend(Symbol(),OP_SELLSTOP,lot,SellPrice,3,SellStopLoss,SellTakeProfit,"Binario",16384,0,Red);
if(ticket>0) {
if(OrderSelect(ticket,SELECT_BY_TICKET,MODE_TRADES))
Print("SELL order opened : ",OrderOpenPrice());
}
else Print("Error opening SELL order : ",GetLastError());
return(0);
}
}
for(cnt=0;cnt<total;cnt++) {
OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES);
if(OrderType()<=OP_SELL && OrderSymbol()==Symbol()) {
if(OrderType()==OP_BUY){
if (close<BuyStopLoss){
OrderClose(OrderTicket(),OrderLots(),Bid,3,Violet);
return(0);
}
if(TrailingStop>0) {
if(Bid-OrderOpenPrice()>Point*TrailingStop) {
if(OrderStopLoss()<Bid-Point*TrailingStop) {
OrderModify(OrderTicket(),OrderOpenPrice(),Bid-Point*TrailingStop,OrderTakeProfit(),0,Green);
return(0);
}
}
}
}else{
if (close>SellStopLoss){
OrderClose(OrderTicket(),OrderLots(),Ask,3,Violet);
return(0);
}
if(TrailingStop>0) {
if((OrderOpenPrice()-Ask)>(Point*TrailingStop)) {
if((OrderStopLoss()>(Ask+Point*TrailingStop)) ||
(OrderStopLoss()==0)) {
OrderModify(OrderTicket(),OrderOpenPrice(),Ask+Point*TrailingStop,OrderTakeProfit(),0,Red);
return(0);
}
}
}
}
}
}
}