Hi I'm new to the forum (and new to forums in general), and have only been programming with mlq4 for a couple of weeks now, so some of my methods might seem crude, but here is a project I've been working on.
It's based off the Backbone.mq4 EA, and I don't think the way I've been using it is anything like what the author intended, but I think its pretty unique and worth some exploration, just for kicks if nothing else.
It is prone to a significant drawdown at times, because it does not always trade in the right direction. Might be able to make this better with a trend following filter or hedging, but because of the nature of the code, it will take significant revision.
This version is optimized for USDJPY and I like running it on the 30M chart.
It's based off the Backbone.mq4 EA, and I don't think the way I've been using it is anything like what the author intended, but I think its pretty unique and worth some exploration, just for kicks if nothing else.
It is prone to a significant drawdown at times, because it does not always trade in the right direction. Might be able to make this better with a trend following filter or hedging, but because of the nature of the code, it will take significant revision.
This version is optimized for USDJPY and I like running it on the 30M chart.
Attached File(s)
BackboneMOD.mq4
10 KB
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172 downloads