Forex Zone | Forex Forum

Golden Turtle EA

Discussion started on New EA Coding

  • Posts: 352
  • Points: 71
  • Likes Received: 144
  • Reputation: +11/-0
Golden Turtle EA in New EA Coding_xx
Milo,
I will start coding the golden turtle today.


Linkback: https://www.forex.zone/new-ea-coding/26/golden-turtle-ea/685/
#1 - January 28, 2019, 11:55:11 AM
« Last Edit: January 28, 2019, 12:44:57 PM by Admin »

  • Golden Turtle EA in New EA Coding_index
  • Posts: 1221
  • Points: 3006
  • Likes Received: 545
  • Reputation: +15/-3
Golden Turtle EA in New EA Coding_xx
Milo,
I will start coding the golden turtle today.
I wait for the next sir.
#2 - January 28, 2019, 12:29:02 PM

  • Posts: 352
  • Points: 71
  • Likes Received: 144
  • Reputation: +11/-0
Golden Turtle EA in New EA Coding_xx
1) Will you be using the
"Trade Type 03----- > Second Chance
Sell Trade
This is a re trading on a Trend. Should wait until “color MA”changeit’s color to Blue, then change again in to Red and with MACD flip.
And the opposite for BUY orders.
NOTE :- Trade type 03 is bit risky. So use trade type 03 with your extra knowledge in forex trading."

Let me give a quick insight on how the candle-/bar numbers work on a chart, you will understand why I do this if you read nr 2 below, it all goes into an index, index 0 will be the bar that is busy forming, the 1st closed bar will be index 1 , 2nd closed bar is index 2, etc etc.

2) The Color MA repaints, so you won't always get signals on candle index 1 (that will be the last closed candle).
Your "instruction manual" clearly states wait for the close of the candle and confirm the color of the Color MA, the indicator might be blue on the last closed candle, but it can still change back to red up to 4 candles later, (that means your "blue change" is now actually up to index 4 (or maybe even more)) 
The only way we can overcome that is to specify the max amount of candles it can count back to see if the MA is blue or red.
Let me know please. Also how many bars back you would like to go, same for trading option 3, it says go back up to 6 candles for a MACD crossing ... (That's a lot of time on an H1 chart for a 20 pip target...)

#3 - January 28, 2019, 09:28:50 PM
« Last Edit: January 28, 2019, 10:19:23 PM by Francoisvs »

  • Posts: 50
  • Points: 0
  • Likes Received: 7
  • Reputation: +0/-0
Golden Turtle EA in New EA Coding_xx
Greetings and sorry for the late reply. I didn't know section existed.
Please only work on option 1
You can use max of 2 candles. What do you think as I don't want to go too late into a trade.

Thanks very much for your help.
#4 - January 29, 2019, 06:04:39 PM

  • Posts: 352
  • Points: 71
  • Likes Received: 144
  • Reputation: +11/-0
Golden Turtle EA in New EA Coding_xx
If you say Option 1, do you mean only the 1st trading option in the manual?
#5 - January 29, 2019, 08:10:47 PM

  • Posts: 352
  • Points: 71
  • Likes Received: 144
  • Reputation: +11/-0
Golden Turtle EA in New EA Coding_clip
I have good news and bad news.
Attached is the EA for trading option 1, however, it is only for a single currency pair at a time. Just for testing purposes.
The bad news, the MACD used in the system also repaints, so it might give an up arrow, but that arrow disappears most of the time, and re-appear 2 or 3 candles later. 
I tried to let the EA only take trades when the arrow is there for 3 candles, and only trade then, but the arrow even disappears up to 6 candles back (maybe more, max I counted was 6).
So, for now it is set on index 1, which means the EA will take a trade when the arrow appears the 1st time.
My personal opinion, trade the system manually, unless you have another suggestion to replace the MACD (and maybe even the Color MA). 
#6 - January 29, 2019, 09:47:49 PM
Attachments:

  • Posts: 50
  • Points: 0
  • Likes Received: 7
  • Reputation: +0/-0
Golden Turtle EA in New EA Coding_xx
Thanks very much indeed for you help. I think you right and will trade sytem manually
#7 - January 30, 2019, 06:06:59 AM

  • Posts: 352
  • Points: 71
  • Likes Received: 144
  • Reputation: +11/-0
Golden Turtle EA in New EA Coding_xx
How is the other EA doing?
#8 - January 30, 2019, 06:48:52 AM

  • Posts: 50
  • Points: 0
  • Likes Received: 7
  • Reputation: +0/-0
Golden Turtle EA in New EA Coding_xx
Still testing. Results not that great:(
#9 - January 30, 2019, 06:53:03 AM

  • Posts: 352
  • Points: 71
  • Likes Received: 144
  • Reputation: +11/-0
Golden Turtle EA in New EA Coding_xx
I get the same.
However, if you put it on a few selected currencies, obviously you need to only trade the ccy it is dropped on, you can optimize it for each pair, then it is doing much better, even on M1 time frame
#10 - January 30, 2019, 08:13:13 PM

  • Golden Turtle EA in New EA Coding_index
  • Posts: 170
  • Points: 534
  • Likes Received: 59
  • Reputation: +3/-0
Golden Turtle EA in New EA Coding_xx
whether this EA can be used, I will try it if you allow it
#11 - February 03, 2019, 09:44:43 PM

  • Posts: 352
  • Points: 71
  • Likes Received: 144
  • Reputation: +11/-0
Golden Turtle EA in New EA Coding_xx
You are free to try the EA.
It is posted for all members.
#12 - February 03, 2019, 10:53:00 PM

  • Posts: 130
  • Points: 0
  • Likes Received: 49
  • Reputation: +1/-0
Golden Turtle EA in New EA Coding_xx
I prefer trading using my own analysis rather than using EA 
#13 - February 06, 2019, 09:33:41 AM

  • Golden Turtle EA in New EA Coding_David_Boreanaz
  • Posts: 221
  • Points: 0
  • Likes Received: 23
  • Reputation: +0/-0
Golden Turtle EA in New EA Coding_xx
I wait for the next sir.
well, but I'm waiting for future developments
#14 - February 11, 2019, 10:58:36 AM

  • Posts: 14
  • Points: 0
  • Likes Received: 1
  • Reputation: +0/-0
Golden Turtle EA in New EA Coding_xx
#15 - February 12, 2019, 07:15:34 AM

Members:

0 Members and 1 Guest are viewing this topic.


* Share Topic

Share via delicious Share via digg Share via facebook Share via linkedin Share via pinterest Share via reddit Share via stumble Share via tumblr Share via twitter

* Similar Topics

question
GOLDEN LINE V4 fx

Started by BROU on MT4 / MT5 EAs

1 Replies
3971 Views
Last post September 26, 2020, 03:20:41 AM
by kiramatkhan
clip
GOLDEN LINE INDICATOR

Started by Atminehomo on MT4 / MT5 Indicators

5 Replies
8243 Views
Last post June 18, 2020, 11:31:39 AM
by kisumam
clip
Fibonacci Golden Zone indicator

Started by Dita on MT4 / MT5 Indicators

10 Replies
5126 Views
Last post June 03, 2020, 01:18:08 AM
by AWAY21
clip
Fx engine Trading system (Golden v MACD)

Started by Fxortrader on MT4 / MT5 Indicators

0 Replies
748 Views
Last post November 03, 2019, 03:09:08 PM
by Fxortrader