Is there a coder that can code this for a MT4 & a MT5 EA at no charge?

ElectricSavant · Oct 25, 2020

ok

El Trado said:
No problem. I will share the code as well. If you want to run it, it is not harder than installing Python (already installed on Linux and Mac), get an Oanda-key (no need to transfer money for a simulator-account) and run it.
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IMNOTRADER · Apr 30, 2021

ElectricSavant said:
I want to use the 3-step Paroli theory in a "Semi-Automatic EA". Perhaps there is already an EA out there that uses this?

The theory is this below: The Theory Website But you might not know that parlay represents a modified spelling of the French name for such bets: paroli.

1) Enter a trade when you believe in a trend direction Long or Short (use MA's or some other clever trend detectors or other EA's, but these are not in the EA these are used by you manually when to enter. This is not a set & forget EA). The EA has been turned on with its smiley face in the corner waiting for you to place that trade and then it takes over. Use 1:1 Win Loss Ratio for the SL & TP based on ATR or ADR (ADR is better).

2) If you lose then try again at the beginning lotsize & direction (0.01). If you win place another trade immediately at the TP point with double the (0.02) & same direction with the same SL & TP Pipettes used originally.

3) If you lose then try again at the beginning lotsize & direction (0.01). If you win place another trade immediately at the TP point with double the (0.04) and same direction with the same SL & TP Pipettes used originally. If you win you are finished and return to 0.01 with the same direction from the TP point and with the same SL and TP as used in the original.

4) If you lose then try again at the same lotsize & direction (0.01).

5) Are you getting it yet? just follow the above 4 steps and if you get three wins in a row start from 0.01. Your EA will take your profit from the inputs and then be on stand-by. Won't that be a nice thing to wake up to?

The attachment below shows a scenario.

This is a less aggressive approach to "Reverse Martingale". The key here is when to enter and when to stop. You can be chopped to death and be stuck in this sequence for an extended time. Get the direction right and you should be golden using this theory in Forex Trading, unlike a roulette wheel.

ES

P. S. Please ask questions and would some kind coder please post an EA for all of us to forward test. The EA can stop and go back on standby (waiting for your trade) when you reach the desired profit in dollars, percent of equity... or pips. Naturally it should run with an ECN or not (choose in the inputs). Please try and put all the latest code in to make it work for all of the dealers, decimal schemes, lotsizes, suffixes, spread & slippage inputs. Email alerts and notification choices with audible using our own sound file choices would be nice. Oh!... and this cannot be one of those EA's that if you are in the middle of a trade and close your platform and reopen it it will place trades, it should pick up where it left off and nothing more.

P.P.S. Also as an option if you know how...give us a button on the chart to "Close All" and turn off the EA in the symbol with this magic number and put it on standby....and another button on the chart for the basket traders to "Close All" on all trades and turn off all of the Paroli EA's on all symbols with this magic # and put it on standby. These two buttons should use the minimum amount of screen real estate. Dazzle us with your coding skills...it will all come back to you with people asking you for coding.

P.P.P.S. Can we have a MT4 code and a MT5 code?

Disclaimer: Make Money. If you do not, don't blame me.
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Any updates on this?

hanneswas · May 13, 2021

You will like this project: free EA for Metatrader where the community can propose features and discuss strategies.

https://communitypowerea.userecho.c...s-closed-profit-opposite-previous-closed-loss

This is a proposition to a similar approach like yours. Have a look and feel free to propose your extension there. You might get it soon then.

Darkwing · May 24, 2021

I think this option can be found, but how effective it will be is not known.

Pegrinn · May 28, 2021

I somehow did not think, you just need to look for those who know how to do this.

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Is there a coder that can code this for a MT4 & a MT5 EA at no charge?

ElectricSavant

IMNOTRADER

hanneswas

Darkwing

Pegrinn