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  • #281
  • Dec 4, 2014 4:02pm Dec 4, 2014 4:02pm
New page, new chart
http://www.kitco.com/images/live/nyg...07787682455684

Quoting kashTrader
{quote} Also, is FinFx the broker you optimised the settings with? In that case I should just demo with them?
Yes...you can demo with them, but check your ping to their server.

Quote
Do I have to fix the start time every time i change one of the other settings.

I'm not sure...if the EA doesn't place orders right away, you can just go back and move the times.
Too close for pips, switching to points.
  • #282
  • Dec 4, 2014 4:39pm Dec 4, 2014 4:39pm
Quote Thepipster Re: FINFX ' Yes...you can demo with them, but check your ping to their server. I'm not sure...if the EA doesn't place orders right away, you can just go back and move the times.'

I opened a standard demo account with Finfx today and loaded the files only to discover they charge a commission and started racking up huge losses. Given your comments earlier today about only run the demo with non commission brokers I terminated the trial . I am looking elsewhere for an appropriate broker. Any ideas ?
  • #283
  • Edited 5:24pm Dec 4, 2014 4:49pm | Edited 5:24pm
Quoting go4
I opened a standard demo account with Finfx today and loaded the files only to discover they charge a commission and started racking up huge losses. Given your comments earlier today about only run the demo with non commission brokers I terminated the trial . I am looking elsewhere for an appropriate broker. Any ideas ?
You can choose which type of demo to run with Finfx inside MT4...go to the File menu, choose the login option, and start new account...then you can select the leverage, and the type, which you want micro type, from the list. Micro doesn't have commissions.
You'll also be able to "ping" the broker on the next page before you finalize the start of the account. IMPORTANT: on the next page after that it will display the login and password...if you don't copy it somewhere, you'll never see the password again to be able to start a trade explorer. It doesn't email it to you.


One thing I thought of...I havn't had this problem with Finfx, because their spreads are pretty flat. But, if you have a broker who fluncuates the spread, especially lowering it for a second, then popping back up to normal, that can affect this EA, because it will be fooled into thinking you've met your target, but by time the trades close, the spread will have widened back to "normal". You can observe spreads live on myfxbook . I don't think this would be a problem with armada, how much lower can you go than 10 cents? Finfx doesn't have this problem, either.
Too close for pips, switching to points.
  • #284
  • Dec 4, 2014 5:37pm Dec 4, 2014 5:37pm
Quoting Thepipster
{quote} are you able to get the 1:500 leverage with them? If so, it's ok. I wouldn't go live for 3 months. You must demo. You've already experienced some toughies, and it's only been a couple of days. I posted this EA with a lot of confidence, but I'm not going live myself until my final settings are proven in my own demo account for 3 months, and I want to see similar results for others...as many people as possible. with over 1000 downloads, it shouldn't be too hard. I think we have a little over 10 explorers to watch, now.
Yes, you are right. A bit more demoing to iron out all the issues with the lot sizes, tp and other latency aspects. I think I am going to add some bits to the EA to print a few more things on the screen such as the equity target. Also whether its active or not. That should help us catch mistakes and ensure that our and its expectations match. Thanks and lets go ahead with the ride and see where it takes us I have a good feeling about this specially if we keep the target small but keep on repeating the entire process of taking trades and closing them for small profit.
  • #285
  • Dec 4, 2014 6:12pm Dec 4, 2014 6:12pm
Quoting Thepipster
{quote} .... but the EA is set to close the opened trades first, just FYI....
On the last profit taking about half the open trades closed, then all of pending trades, and lastly the rest of the open trades. Still it netted positive a little. Their have been some nice profits in the last day or so. It also took about 15 seconds for the entire process to finish because of a 10 second lag before it processed the last open trades after it took care of the others.

When I came in today and looked at the screen their were two orphan trades, one long and one short with a negative net balance. When I closed these manually it immediately refilled the grid.

Does anyone else have trouble with trades not closing?

My latency to the demo server is 60-70 secs. Does this sound reasonable?
A good man knows his limitations ~ Clint Eastwood
  • #286
  • Dec 4, 2014 7:13pm Dec 4, 2014 7:13pm
Hi

I downloaded and started trading with EA.
It opened and closed multiple trades and at the end of the day, with closed trades equity is up by 10%.
There are still trades open and in green by 4%
Attached Image (click to enlarge)
Click to Enlarge Name: Gold Trades.png Size: 161 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gold trade.png Size: 149 KB
%.
  • #287
  • Dec 4, 2014 8:56pm Dec 4, 2014 8:56pm
The close size of the gap of the trades beginning to make me think this is some sort of High Frequency Trading (HFT) algorithm. In HFT, latency matters the most. HFT traders would usually get their trading pc close to the brokers' server to reduce the latency and profit from small profit. Do this thousand of times a day by programmes and the return will be significant.

For retail traders, if they can get it works on a broker and get trader rebate from it as well, the return will be greatly enhanced.
  • #288
  • Dec 5, 2014 3:34am Dec 5, 2014 3:34am
This is my reply to FxAddict who had PMed me asking which VPS I am using, he seems to be suspended for some reason.
"Hi FxAddict, if you manage to get back here, I am using it on a desktop pc, No VPS. And yes its Armada markets demo account."
  • #289
  • Edited 4:56am Dec 5, 2014 4:45am | Edited 4:56am
I'm trying it on alpari as the latency is lowest at 36ms for me and I changed the gridstep to 20. Started new Explorer. What is your latency shiva?



Thanks
  • #290
  • Dec 5, 2014 5:49am Dec 5, 2014 5:49am
Quoting orbwarp
I'm trying it on alpari as the latency is lowest at 36ms for me and I changed the gridstep to 20. Started new Explorer. What is your latency shiva? Thanks
149 ms
  • #291
  • Dec 5, 2014 6:19am Dec 5, 2014 6:19am
That recent spike down triggered all the sell stops so needs to drop further to close in profit

A swing bak up, taking out the buy stops, will leave a perfect hedge and as Pipster said, a floating 30% DD that you cannot do anything with
  • #292
  • Dec 5, 2014 6:27am Dec 5, 2014 6:27am
Quoting dambuster
That recent spike down triggered all the sell stops so needs to drop further to close in profit A swing bak up, taking out the buy stops, will leave a perfect hedge and as Pipster said, a floating 30% DD that you cannot do anything with

wait for NFP dont jump guns, run on a low spread dma/ecn broker whom you trust with lower latency choosing right VPS closer to your broker servers.
good luck!
Scoobi doobi doo
  • #293
  • Dec 5, 2014 6:28am Dec 5, 2014 6:28am
Those of you using Amada demo. Which type of demo is commission free. I am using Amada Xchange and it has a commission.
I am running the EA on 3 different brokers, Finfx, Alpari, and Amada. I have been getting Error 103 Failure . Anyone an idea why and what the impact is if this continues.
  • #294
  • Dec 5, 2014 6:29am Dec 5, 2014 6:29am
Quoting shiva
This is my reply to FxAddict who had PMed me asking which VPS I am using, he seems to be suspended for some reason. "Hi FxAddict, if you manage to get back here, I am using it on a desktop pc, No VPS. And yes its Armada markets demo account."

@Shiva

your returns looks impressive with armada markets with 149ms latency , curious to know your gold spreads mate.
Scoobi doobi doo
  • #295
  • Dec 5, 2014 6:50am Dec 5, 2014 6:50am
Quoting Scoobidoobi
{quote} @Shiva your returns looks impressive with armada markets with 149ms latency , curious to know your gold spreads mate.
Hi Scoobi, I am using Armada Demo Uk server and the spread has been varying between 10-30 cents per lot. I am curious to see what will happen to the spread during NFP

Attached Image (click to enlarge)
Click to Enlarge Name: gold spread.jpg Size: 212 KB
  • #296
  • Dec 5, 2014 7:08am Dec 5, 2014 7:08am
Quoting dambuster
That recent spike down triggered all the sell stops so needs to drop further to close in profit A swing bak up, taking out the buy stops, will leave a perfect hedge and as Pipster said, a floating 30% DD that you cannot do anything with
Here comes the spike up, another $7 and all the buy stops will be triggered. Fingers crossed...
  • #297
  • Dec 5, 2014 7:15am Dec 5, 2014 7:15am
Quoting shiva
{quote} Hi Scoobi, I am using Armada Demo Uk server and the spread has been varying between 10-30 cents per lot. I am curious to see what will happen to the spread during NFP {image}

awesome spreads, do they have same spreads in live too?
Scoobi doobi doo
  • #298
  • Dec 5, 2014 7:28am Dec 5, 2014 7:28am
Quoting Scoobidoobi
{quote} awesome spreads, do they have same spreads in live too?
Yes
  • #299
  • Dec 5, 2014 7:37am Dec 5, 2014 7:37am
That was pretty awesome performance on that spike, I suspect that the default settings with respect to lot size aren't working as intended for my account though.
A good man knows his limitations ~ Clint Eastwood
  • #300
  • Dec 5, 2014 7:54am Dec 5, 2014 7:54am
Quoting dambuster
That recent spike down triggered all the sell stops so needs to drop further to close in profit A swing bak up, taking out the buy stops, will leave a perfect hedge and as Pipster said, a floating 30% DD that you cannot do anything with
Phew, spike down closed them all
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