Trade AUD

My 3rd EA In The Market : Sure Fire

2013-12-17T16:16:00.001+08:00

Sure Fire is a price action EA combined with martingale money management.

The strategy is open source contributed by John Carricaburu - The "Sure-Fire" Forex Hedging Strategy.

I have added proprietary entry system which gives the system an extra boost and a modified martingale function.

This EA is safer as compared to Rocket but the returns are lower. No risk no gain.

My 2nd EA In The Market : Rocket

2013-10-09T15:33:00.001+08:00

This EA is designed to take advantage of price retracement. It enters a trade with minimum volume size when the price is exhausted and uses averaging with increase of volume when the market goes deeper into oversold/overbought zones.

There is no stop loss. Positions are only closed in profit.

To better yield with this EA, it is recommended to trade multi-currency pairs.

Quote Of The Day

2013-07-23T09:46:00.000+08:00

I find this quite meaningful but I forgot which website it came from.

1. Decide that you want to trade for the long haul. i.e decide that you want to trade 20 years from now.

2. Learn as much as you can. Read, and listen to the experts, but keep a healthy disbelief about everything.

3. Do not be greedy and rush to trade – take your time to learn. The market will be there with many good opportunities in the months and years ahead.

4. Develop a method for analyzing the market, that is, if A happens, B is likely to happen. Markets have many dimensions – use several analytics methods to confirm trades.

5. Develop a money management plan. Your first goal should be of long term survival, second goal, a steady growth of capital and third goal, making high profits.

6. Be aware the trader is the weakest link in the system. Learn how to avoid losses and develop your method of cutting out impulsive trades.

7. Winners think, feel and act differently than loosers. You must look within yourself and strip away the illusions and change your old way of thinking, acting and being. Change is hard, but if you want to be a successful trader, you have to work on changing your personality.

My First EA In The Market : Pin Bar Trader

2013-05-02T23:58:00.000+08:00

Pin Bar Trader

This is my first EA to be listed in the MQL5.com

As the title describe, it is a pin bar trader. It takes signal from a pin bar and trade accordingly to it.

It also comes with custom max so that you can choose the best parameters from the top few.

Signal is rare but when it comes, it is highly profitable. You can go and demo it. It's free.

Link to install Metatrader 5 here.

Creating a EA with MQL5 : Part 1

2013-04-27T14:09:00.000+08:00

Before you begin to code your EA, do you have a deep understanding on how the MetaTrader Strategy Tester works?

Why do you need to understand how it works? After you have coded your EA, you need to back test to see if it performs accordingly to your strategy right?

Well, if you have not read up on it, I suggest that you read up these links provide before you venture into the world of EA.

Testing Trading Strategies
The Algorithm of Ticks’ Generation within the Strategy Tester of the MetaTrader 5 Terminal
Creating Custom Criteria of Optimization of Expert Advisors

Some food for your thoughts
Order Strategies. Multi-Purpose Expert Advisor

Have a good time reading.

AUDCHF - Jan - Buy Signal

2013-01-19T15:33:00.002+08:00

Signal : Upwards Channel

Buy when price near support trend lines

End Of ATC 2012

2013-01-01T12:48:00.000+08:00

ATC 2012 had come to an end with me in position 35. It is a really nice experience to have participant in this competition.

My EA had some error and got into an endless loop. Everything is fixed now and I'm moving on to develop more EA to participate in the coming championship.

Check out my ranking http://championship.mql5.com/2012/en/users/doshur

Some statistics on the competition

Total participants : 447
(If you did not know, all these participants EA must generated profit from 1st Jan 2012 to 31st July 2012)

Profit participants : 129 (28.85%)

ATC : Caught In An Endless Loop

2012-12-20T22:16:00.002+08:00

My robot show some good results but due to a programming error. It was in an endless loop now.

By right my robot should enter 3 trade with 1.64 lots for each trade. Now it only enter 1 trade. By right my ranking should be around 22!

Automated Trading Championship 2012 - Day 1

2012-10-01T23:47:00.000+08:00

My name on the last row in page 1

Hope that it can perform well till the end

My Second Product In MQL5.com

2012-10-01T23:39:00.001+08:00

I've released my second product on MQL5.com again.

I call this indicator Tails.

Tails is an indicator that predicts where the price will rebound and reach in a day candle.

This is to be used in time frame below D1.

By default, the indicator will plot 2 Support and Resistance lines. If needed, you can set the Extended_Levels to true to show 3 Support and Resistance lines.

Visit this link http://mql5.com/9jt to see pictures

Round Numbers 00 Levels

2012-09-27T21:23:00.000+08:00

I was reading on the round number support and resistance levels. When price reaches the 00 levels, it either break of reverse.

How does it compare to my DSR5 then?

Let the picture do the talking.

My First Product In MQL5.com

2012-09-19T09:54:00.000+08:00

I just released my first product in MQL5.com, Average Hourly Range.

Basically it is a script that will return the average hourly range of the currency pair that you run the script on.

With this piece of statistics, you can:

clearly identify the volatile and low volatile period
greatly enhance your trading system TP and SL levels

How does this compare to ATR

ATR calculates its values based on the previous bars and it lags.
AHR calculates its values based on the history hours.

Visit this link http://mql5.com/9ga to see pictures

Weekend Daily SR Levels

2012-09-14T22:38:00.002+08:00

Miss the buy entry by a few pips at level 79.588

Here goes the chart

This Blog Is Not Dead!

2012-09-07T20:55:00.001+08:00

As the title mention.

In order to participate in ATC 2012, I've been focusing learning to code in MQL5 and finally wrote my participating EA.

Check out my result for the submission.

The verification of your Expert Advisor is complete. Expert Advisor checking report:
2012.09.04 19:17

1. Copy
experts\template.ex5 ok

2. Compile

3. Configuration
template on EURUSD:M5 every tick 2012.01.01-2012.08.01

4. Start
finished in 1 min 33 sec

5. Statistics
330 kb of log files
114 trades, 276 deals, profit 191207.96 USD

No errors!

Technical Support
Automated Trading Championship 2012

Wish me good luck!

Next Week Important Levels

2012-04-22T14:33:00.003+08:00

Some levels to look out for.

84.25 - I have set a pending order to go long here.

83.65 - Will enter long with more lots on this level.

Possible Trend Change

2012-04-18T10:19:00.001+08:00

It breaks my last resistance trend line. Let's see if the resistance turn support trend line can hold the price. If it can hold the price well, then we will be expecting a trend change.

By the way, I did not post my trade call yesterday. I entered at 82.899 and exited at 83.445. Refer to the chart why I entered and exited at those price.

Exploring Carry Trade AUDJPY

2012-04-15T22:20:00.001+08:00

Exploring carry trade of AUDJPY how the interest can made the trade a break even with the worst entry.

Let's assume the following.

Entry price = 84.00

Lowest price = 55.11

84.00 - 55.11 = 2889 pips to reach 10 years lowest. We hope that it will not reach the low of 55.11

So we need how much money to hold this trade to avoid margin call? Depending on your trade size. Let's take 1 pip = $1.00, so we need at least $2889.

How long can the interest make $2889?

I did some code in mql4 to find out. By the way, I'm using oanda so my deposit gets interest too.

int Break_Even;

double Interest, Units;

double Int_Trade, Int_Deposit;

double Entry_Price, Lowest_Price;

Int_Trade = 3.3;

Int_Deposit = 3.85;

Entry_Price = 84.00;

Lowest_Price = 55.11;

Units = Entry_Price * 100;

while(Interest < (Entry_Price - Lowest_Price) * 100)

{

Interest += Interest * Int_Deposit / 100 / 365;

Interest += Units * Int_Trade / 100 / 365;

Break_Even++;

}

Print(Break_Even + " Days");

We need 3199 days to make $2889! It is around 8 years plus.

Breaking Resistance

2012-04-12T18:06:00.000+08:00

As stated in my previous post, the price bounce off at 82.50 and breaking resistance levels.

If it continues to break the highest resistance level, we should be expecting a change in trend.

Long At Support Trend Line

2012-04-10T14:00:00.001+08:00

Two important support levels at 83.686 and 82.314 on the daily chart.

I took long yesterday at 83.788 and exited at 84.457

Price retrace back to the support levels. Hit long again at 83.90 as I see downside is limited today.

Tricky Day

2012-04-02T13:08:00.000+08:00

A pin bar formation on the daily chart hints bullish trend.

On hourly chart, seems bearish. Today gap up a lot, making the strength indicator not accurate.

So my guess today is to long. Enter at 86.25.

1st TP at 86.90

2nd TP at 87.35

Continue To Short

2012-03-29T11:43:00.002+08:00

Strong down trend. Sell when reversal candle appears. Better if it appears above 85.752. TP @ 85.25.

Strong Down Trend

2012-03-28T10:39:00.003+08:00

Strong down trend. Let it retrace above 86.70 before going for a sell. TP @ 86.10

Making A Better Strength Indicator

2012-03-26T11:12:00.001+08:00

After weeks of research. Here I present my new findings for my new strength indicator.

Basically my strength indicator relies on Moving Average to tell me the direction where it is moving.

Now I breakdown the Moving Average to more conditions.

1. Up and Accelerating
2. Up but Decelerating
3. Down but Decelerating
4. Down and Accelerating
5. Reversal

With these conditions in mind, I assign points to each conditions.

Today's chart. My new strength indicator shows 53.75. I see a buy entry at 86.00. Take profit at 87.10.

Should We Buy?

2012-02-15T10:11:00.004+08:00

The price has been hovering over the SR levels for the past few days.

Strength is strong. Best bet is to buy on retracement for today.

Levels to watch 83.50

TP at 84.60

Continue To Long?

2012-02-08T10:51:00.002+08:00

RBA decides to remain unchange boost up AUD. Earlier price retrace to SR level (making the lower shadow to today's candle?) and rebound. Today trend seems strong.

Enter Long at 83.00

TP at 83.50