Simple system

You can easily test this EA in strategy tester too.

The new function calculates the hi to low range for a number of candles, it then sets the X-Diff to the range.
It is totally optional, if it is set to false the EA uses X-Diff in the inputs as the trading range.

Hi francois, I do appreciate your efforts on this project and am glad it's challenged you. I'm still unable to understand what the xdiff is for, what exactly is it doing? T

Tony ( And other interested parties )
I think this is it.
Just a few pointers:

You mentioned you want to select the amount of pips the EA must place Stop Orders.  - This will be the X-Diff  you asked about (I have renamed the "Grid Size" ), You can change this setting in the "Inputs" tab.

 You can also change the arrow colors in the Inputs,  I've set the defaults as follows: 

• New Buy Stop: Black
• Buy Stop Modify: Green
• Buy Stop Triggered : Blue
• Buy Trade Closed: Blue
• New Sell Stop: White
• Sell Stop Modify: Orange
• Sell Stop Triggered: Red
• Sell Trade closed: Red

The reason for different colors is you can see immediately what the EA did, and when it did it (You can also look in your Experts Tab)


When the EA is running, you will see in the top left corner info about how many stops/orders you have open, as well as the target closing price for each direction.

I have not tested this for profitability , the Grid size as default is as per your initial description of 25 pips. ( PLEASE REMEMBER, 1 Pip = 10 Points, all the inputs are in POINTS)


Please let me know how it does.

F

( PS, Admin and CP, if you have any more ideas about this, I will send you the MQL versions, if you want)

Once again, a huge thank you for this francois... I realize how much time you have spent on it. I have quickly ran it through the built in strategy tester for a two week period with five each side and at the end of the period it seemed as if it took all ten orders on day one and carried them all though until the period expired... I must admit that I don't understand the strategy tester so it could be me. T

Hi francois,

sorry to be the bearer of bad news so early on but the ea isn't doing what it should be. As the profitable orders increase the unprofitable ones aren't being cancelled at the right time. I ve tested it several times on two either side with a gap of ten points for quickness but each time it's hanging on to the losers without replacing them with pending orders. T

When the price hit 1.13910 the furthest sell should have been replaced with a pending sellstop for 1.13900 and when it reached 1.3920 the other sell should have been replaced by a sellstop for 1.13910 ... When it got to 1.3930 the 1.1390 Sellstop should have been modified to 1.13920.

Edit... Am I right in assuming that if every order has a stop loss of whatever the gap is would fix that? ... Math isn't my strong point. T

Edit... Ignore that last suggestion, it wouldn't work with more than one order would it?

That logic is good but if you examine the screenshot it's not doing that. T

You should ask because you are dealing with a computer idiot ... But no, I didn't turn it off this time. I'll carry on testing but I'm sure it is not closing as per your logic. T