Patch and I are creating the opportunity to fund an EA project. If one or more want to work together that would be fine. We know there are some very bright minds on this board. We'd fund the project and all involved would get use of the EA. The programmer is capable and has been retained.
re: MOMO / Acceleration
Everyone has seen sudden price movement. i.e. a nice run of a pair for 20, 30 , 40, 50 or more pips.
The heart of the EA will be based on "x" pips/ticks per second(s) triggering the trade. Basically the velocity.
i.e. a 5 pip movement in 3 seconds, most likely means some MOMO and will most likely mean the pair running at least several more pips.
If AUTO is set and the VelocityTrigger indicates conditions are right for a trade, then the EA trades Long or Short IF
t,u,v,w, x,y,z are TRUE
The parameters.. t,u,v,w,x,y,z are what we are putting out there for anyone/two/three in the group here to create.
i.e. if all the EMA(x)'s are heading neg. and we have a short velocity burst positive, do we want to trade or hold off trading. Well maybe hold off if we are in the middle of the BB or maybe trade if all indications point to a correction...just examples..not necessarily always holds true.
We have read a lot about trading based on Price in lieu of using historical data, etc. Predictive indicator vs. lagging indicators. The ideas can be simple or complex.
Please write a description of your ideas and please write out the formulations the best you know how so the programmer understands what to code. Also, please send any statistical data that you have, if needed, to back up your idea.
Th whole name of the game is more wins than losses, not 100% Holy Grail EA's. However, we will be accepting Holy Grail EA ideas Outside of the box ideas are welcome too.
The basic functions are already in place. Choices of Days to trade. Choices of times to trade. Number of trades open. Number of lots, etc. No need to submit the very basic variables.
Good luck to all and I hope Patch and I get blown away. You know like British Idol.....EA Idol
3 posts • Page 1 of 1