Interesting, I have to work on the mql4 language, not so much to write code initialy but to be able to understand all the different user parameters that are available, and to be able to edit and assemble systems from the pieces already available.
It seems that by using these magic numbers we could install an unlimited number of instances of this robot. Thereby using it to trade several different time frames, and holding strategies. For example, trading the 15 min or 1hr bars, taking a partial profit at an initial change and holding the rest on a longer time frame. Repeating this process over and over accumulatring a large trending position.
As well this number can be used to initiate new instances of the same trading chart when the system gets stuck holding a slow trade. The biggest losses this system takes are from inactivity. The goal should be to keep the system active, constantly pumping out those 20 pip trades. Anytime the 1min or 5min trend fails and the system goes into a holding pattern, its time to initiate a new trading chart, and put a trading stop on the old one, not the same as a stop loss, that should be automatic based on a longer term trend signal, but a trading stop, so that chart doesnt initiate new trades, as simple as reseting the lot size to zero. That way the system doesnt overtrade.
Aside from these EA's that are already built, compiled, and tested, theres a huge opportunity here to create simple scripts to control individual trades, and to create our own EA systems by combining and editing the pieces that are already writen.
Once one learns this language, and the structure and capabilities involved, creating these sytems is not that difficult. The difficulties seem to be centered around the desire to create something marketable, designed for dummies, plug and play, set and forget style. But creating practical systems to assist traders who know how to trade, and are willing to participate and do the work necessary seems very reasonable. Rather than something designed to think for you, something designed to assist in the implementation of your ideas, much like entering your orders into a platform with a few more variables. |