Weekly Breakout

Hello Enivid,

thank you for the new EA!
Is it possible to let the trade open during the next weeks when the trade is in profit or will every trade close before a new trade during the next week is possible?
I think it can be better to have more then one open trade during a longer strong trend.
Will it works for non-forex symbols too?

Have a nice weekend!

(There is a little mistake in the link from the EA list to here. Oktat link.)

 

Unfortunately I get 38 errors: "varable not defined".

Whats the problem?

 

No, I didnt remove this or other lines. I get the error alert after compiling the normal version.

 

I tried it again with the new version on 2 different MT4s. Its the same problem again.

 

No, I use an older version. Can this be the reason?

 

I tested the EA during the last week with different symbols and it looks not bad so far.

What is to remove in the MT5 version to let the trades open?

 

Maybe there is a bug in the code (MT5). I started it for different symbols in D1 chart. It works in the most cases but for one symbol it opened 3 orders per direction.

 

For using the EA on D1 time frame there is another problem when it runs on a account with a Sunday bar (for example Active Trades) because orders will be made after the start of the week and a short time later again when the monday period begins. And the monday trades will use the one (or few) hour(s) sunday range for SL and money managment.
Is there a possibillity to ignore the Sunday bar and to let trade the EA on Monday first?

 

Im testing this EA on Dow30 stock CFDs, weekly and think that it would be useful not only to continue the trade on the next week(s) provided you are in gain, but the original stop loss should be changed as a trailing stop.
As an example, you go long, week ends with a 2% gain, the original stop loss will be moved to the previous week candle LOW (high if you went short). That's way you are able to catch strong trending markets. Hope someone can modify this EA in this way.

 

For this trade managment maybe it makes sense to use the MT5 version. I think the trade will be closed after a pending order in the opposite direction is triggered.

@Enivid
Will the EA use the brokers minimum lot size when the MM calculated lot size is smaller?

 

@Enivid

Thank you for your answers!
Did you tested the EA in different charts simultanly?
Looks like the MT4 version has problems mith too many charts. I miss some orders. Do you know the problem? Whats the recomned number of charts per account/MT4?