Need someone to program it

[batalhadematos]

Hi there,
I need some programmer to code the following idea I have. This strategy is based on 2 moving averages and Volume trading, but manually is difficult to trade since there are several aspects that influence manual trading (emotion, time to trade, etc.). I do not believe to be very dificult to program it (for you experts) since does not use many indicators.

INDICATORS

1 - SMA with a 5 value. Applied to HIGH

1 - SMA with a 5 value. Applied to LOW
- 30MIN candlestick chart


BUY CONDITION
When the CLOSE price of actual bar crosses the HIGH SMA and the volume is higher than 600


SELL CONDITION
When the CLOSE price of actual bar crosses the LOW SMA and the volume is higher than 600


PS: The volume value should be variable in order to test different values for this setting



Money management:
- No take profit
- Stop loss about 30/40 (external variables in order to test different values will be good)
- When profit above 10, move break even to +1 or +2 pips. When on 20pips profit, move it to +10pips. (in order to guarantee the profit on the trade and have a coffee break...)

- Variable trailing stop starting from 30. External variable will be also good.



Very important: ONE TRADE AT A TIME


Initially I have think on waiting for the bar to close on buy/sell contitions, but for wat I have seen, sometimes it's too late.

Additional ideas will be good.

Anyone interested email me batalhadematos at gmail dot com

Regards

[oilfxpro]

Hi

Don't waste your time

Volume figures are not unavailable in forex.

Use European and U S sessions , and news release ....the time for most volume

OILFXPRO

[batalhadematos]

Hi OILFXPRO,
Do you know Pallada trading system?
If you apply on it the moving averages I am talking about, you will notice that almost successfully trades of it meets this conditions. Also those one where pallda stays out goes through this situation.
You are right, the volume is dependable on the trading session, but the idea of an expert advisor is to be always on...

Just need anyone that can program it for me with some external variables which I can change and see the results.

Regards
Paulo

[batalhadematos]

Originally Posted by oilfxpro

Hi

...

Volume figures are not unavailable in forex.


OILFXPRO

Sorry, my English is very poor. I am Angolan citizen and our main language is Portuguese. Can you please be more specific?

Regards

[oilfxpro]

Originally Posted by batalhadematos

Sorry, my English is very poor. I am Angolan citizen and our main language is Portuguese. Can you please be more specific?

Regards

Where’s the volume control?
In the spot forex market there is no reliable real-time volume information available, particularly on the retail level. Notwithstanding this, extreme importance is given to technical analysis by the marketing wizards and volume was simply substituted by fast price moves, which, I might tell you, is a wholly inadequate replacement. In other words, a relatively large / fast intra-day price move is seen as extremely important - it must have been on large volume, the argument goes. This, however, is bogus. A large, fast move in the forex market can be caused by almost anything.
Believing it is volume just because the price is moving fast and far, will cost you dearly.
On an intra-day level, fast and relatively large price moves are usually caused by a lack of liquidity. In fact it is a situation of lower, not higher volume and the pros actually don’t like trading if they feel the liquidity is thin and they are not getting the prices they want.
Volume in the currency market can come from two sources: either very large single transactions by a single or handful of participants with the same objectives, or many participants with smaller transactions with the same objectives at any given time. If you for one moment think a number of rational, professional money managers, traders or executing agents will use an erratic data release to do large transactions, you will seriously have to rethink even your most basic assumptions about the forex market. Since 2001 there has been an explosion in general forex market volumes and a large portion of this increase was due to the growth in the numbers of hedge funds and smaller money managers like Commodity Trading Advisors (CTA). It is certainly fair to assume that this large increase in the number of participants contributed to both better liquidity and larger volatility across all time frames in the FX market.
Nobody in his right mind, with his business or bonus at stake, is going to do highly leveraged trades and take undue risks when price movements are random. You have to understand that this is simply not how professional investors or traders, responsible for other people’s money, trade. Highly leveraged gambles on intra-day events are just not part of their repertoire. These guys are pros, and if it is not part of their repertoire, it should not be part of yours.

[scorpion]

oilfxpro is right. Trade volume in forex is not available in real-time, because forex is a over the counter exchange. Some brokers substitute it with the number of ticks updated during a period. Since the volume is not available, some indicators such as Accumulation and Force Index which depend on it are useless.

In stock, the stock exchange provides the volume data accurately. It actually shows the amount of dollars traded in a given period.