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  • #221
  • Dec 4, 2014 5:10am Dec 4, 2014 5:10am
Quoting Thepipster
{quote} It matters because first, all orders are closed upon reaching target. Second, the target is relatively tiny compared to how fast the price can move. MT4 has some frustrating limitations on how fast it can close a basket of orders. If you have 12 orders already open, and 48 pending orders and to have to close all of them, it can take a few precious seconds. I've tried figuring out ways to beat this, but latency is the biggest obstacle. The only other option is for someone with really great programming skills to assign a TP that gets filled...
Have you considered rewriting this for cTrader where you are not limited to sending (or closing) one order at a time?
  • #222
  • Dec 4, 2014 6:22am Dec 4, 2014 6:22am
hmmm... interesting and would like to try. but I got scared...
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If you ask me to code/fix your EA... it's probably not for free...
  • #223
  • Dec 4, 2014 6:31am Dec 4, 2014 6:31am
Broker choice seems to be key. Had run it yesterday on Global Prime with negative results. Started a new demo on Armada this morning and it is doing fine.
  • #224
  • Dec 4, 2014 6:50am Dec 4, 2014 6:50am
mine was in negative yesterday when started but now it is in positive which is a good sign.. my broker is Alpari....


EDIT: it went to zero as new trades are opened
  • #225
  • Dec 4, 2014 6:51am Dec 4, 2014 6:51am
Quoting Fbird
Broker choice seems to be key. Had run it yesterday on Global Prime with negative results. Started a new demo on Armada this morning and it is doing fine.
Why only Armada performing well? what special factors armada have? I think spread is important.
My Pips Stolen By The Broker
  • #226
  • Dec 4, 2014 6:58am Dec 4, 2014 6:58am
Quoting kjaved
{quote} Why only Armada performing well? what special factors armada have? I think spread is important.
Spread and latancy

edit: in volatility time it is ripping the hell of pips (+2% account in 10 minutes lol...).
  • #227
  • Dec 4, 2014 7:07am Dec 4, 2014 7:07am
I'm in about a 40% drawdown on this one right now...

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  • #228
  • Dec 4, 2014 7:26am Dec 4, 2014 7:26am
My armada exploree has hit all pending orders on both sides. What the heck do i do now?
  • #229
  • Dec 4, 2014 7:51am Dec 4, 2014 7:51am
Quoting kashTrader
My armada exploree has hit all pending orders on both sides. What the heck do i do now?
For this EA starting point is important. If we start at highest or lowest price then I think we can make few bucks.
My Pips Stolen By The Broker
  • #230
  • Dec 4, 2014 7:56am Dec 4, 2014 7:56am
Quoting kashTrader
My armada exploree has hit all pending orders on both sides. What the heck do i do now?
This is the achilles heel of the EA and you are now in a perfect hedge
  • #231
  • Dec 4, 2014 7:58am Dec 4, 2014 7:58am
about 13% Up even as we speak
  • #232
  • Dec 4, 2014 8:04am Dec 4, 2014 8:04am
Quoting spyderman
I'm in about a 40% drawdown on this one right now... {image}

Well....just margin called a 100,000 account and blew it up. Back to the drawing board...
  • #233
  • Dec 4, 2014 8:05am Dec 4, 2014 8:05am
Quoting kashTrader
My armada exploree has hit all pending orders on both sides. What the heck do i do now?
Having a 0.10 spread may be a weakness.

check out shiva's: http://www.forexfactory.com/shiva/46

I think people not using armada's, or similar broker with 0.10 spread should allow their systems to continue. This EA doesn't really make 10% a day, more like 1%. Most people should have to wait a week to see sustainable profit. Don't worry about floating profit\loss.

For people using armada, to get a realistic result, you may have to either set the noofsteps to 60, or the buffer to 20. I haven't had any experience with such low spreads, so having all pending orders stuck open isn't good, just close them all, kashtrader. At least you can see the max drawdown is about 6%, but that's because of the low spread.

~spyderman- just keep your's running. You need to witness what happens when you let it keep running, despite the large floating loss.

~skoda2008- anyone is welcome to translate it for c-trader. I have 0 experience with that. It could prove worthwhile if the execution is fast enough.

Everyone, if your demo account has commissions, it's gonna lose, because the target is below the commission. Either have no commissions, or change target to 2 from 1 in settings
Too close for pips, switching to points.
  • #234
  • Dec 4, 2014 8:07am Dec 4, 2014 8:07am
Mine just keeps randomly closing all trades, mostly for a loss

Am going with a new strategy: Allow EA to place all trades, remove EA and replace with a trade manager and set a % of equity TP
  • #235
  • Dec 4, 2014 8:10am Dec 4, 2014 8:10am
Quoting spyderman
{quote} Well....just margin called a 100,000 account and blew it up. Back to the drawing board...
ok, that must not be the one on your trade explorer, i see 8% down...keep that one going!
Too close for pips, switching to points.
  • #236
  • Dec 4, 2014 8:10am Dec 4, 2014 8:10am
Quoting dambuster
Mine just keeps randomly closing all trades, mostly for a loss Am going with a new strategy: Allow EA to place all trades, remove EA and replace with a trade manager and set a % of equity TP
Does your demo account use commissions? if so, get one without. Otherwise, your broker is a scammer.

I should have my Trade Explorer linked up tonight, in time for NFP.
Too close for pips, switching to points.
  • #237
  • Dec 4, 2014 8:18am Dec 4, 2014 8:18am
Quoting dgodfrey
Well, that may be true if both sides are involved. I just did a check on the margin to open one side, buy or sell. For my broker it's $600 a contract, and at that rate opening 30 buys at 0.4 lots each (which is the size it did for my $7.5 k equity) would use up $7.2k of it if there were no sells to offset the buys. I just wondered if this was the intention. How are you doing in the open trade equity?
Looking at your explorer, either you have demo account with commissions, or your broker or latency is lousy.

Look a few posts back from this one about commissions.
Too close for pips, switching to points.
  • #238
  • Dec 4, 2014 8:20am Dec 4, 2014 8:20am
Quote
Does your demo account use commissions? if so, get one without. Otherwise, your broker is a scammer.
I should have my Trade Explorer linked up tonight, in time for NFP.

No, and its Alpari UK
  • #239
  • Dec 4, 2014 8:26am Dec 4, 2014 8:26am
Quoting dambuster
{quote} No, and its Alpari UK
Ok, so what's happening is the EA is closing the trades the moment is sees the equity hit profit target, but the trades are taking too long to close, so the price is reversing during this time, netting you a loss. If you look in your trading history your broker should provide you at the end of each business day, they will print a report, including the closing time of each trade down to the second. If you see a string of trades taking several seconds, to a minute, that's too long. It needs to be 3-5 seconds for all trades to close, at the slowest. Realistically, I've never seen all trades close faster than 2 seconds, but the EA is set to close the opened trades first, just FYI.

So, either you have slow latency, because MT4 and the broker have to communicate between each trade being closed (which makes me want to pull out the 3 hairs left on my head!), or your broker's internal latency is high, which means they're a scam.


As some people have pointed out, there may be ways to program around these weaknesses, but I'm not good enough to code it. The options are to have each trade have a TP that gets modified so it hits the same target. This means the TP is the same for all trades of the same direction, and all the opposite trades actually have an SL at that same point, where if price hits it, all opened trades are closed at exactly the same time, on the broker's side! Then the EA would have to close the remaining pending orders. Also, it could be modified to start with 10 total pending orders, and expand the "grid" with more orders, if needed. This way there is less pending orders to have to close. If somebody is up for the challenge, just be nice enough to give it away, like I did here.
Too close for pips, switching to points.
  • #240
  • Dec 4, 2014 8:28am Dec 4, 2014 8:28am
Quoting Thepipster
{quote} Ok, so what's happening is the EA is closing the trades the moment is sees the equity hit profit target, but the trades are taking too long to close, so the price is reversing during this time, netting you a loss. If you look in your trading history your broker should provide you at the end of each business day, they will print a report, including the closing time of each trade down to the second. If you see a string of trades taking several seconds, to a minute, that's too long. It needs to be 3-5 seconds for all trades to close, at the...
It can also be an issue with user's connection, pc network problems etc. Assuming a non-vps operation.
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