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  • #401
  • Dec 9, 2014 8:51am Dec 9, 2014 8:51am
http://www.kitco.com/images/live/nyg...07787682455684

Quoting dambuster
@ Thepipster, you say: {quote} Does that mean you have coded logic into the EA to close trades in a loss in certain scenarios?
It does not mean that...The EA should not close trades unless the equity target is reached.

That said, the EA does have a setting for equity loss closing all trades when they have hit a equity loss target, but that is 9999, which is the same as zero account balance, this won't be activated with our current other settings.

Welcome Mucky!

Everybody, as you can see on the chart, Gold is finally really making a move up. This is what we patiently have been waiting for. When it makes a sustained trend or move without much retrace, this EA will start racking it up.
Too close for pips, switching to points.
  • #402
  • Dec 9, 2014 8:57am Dec 9, 2014 8:57am
Hi Thepipster,

I have been receiving these errors, error 130. Thought you might want to know ...

http://www.forexfactory.com/jpdlegault#79
Attached Image (click to enlarge)
Click to Enlarge Name: SteadyGold.png Size: 198 KB
  • #403
  • Dec 9, 2014 9:04am Dec 9, 2014 9:04am
jpdlegault...that error is ok, sorry if it's annoying. it's caused by the EA trying to place pending orders right next to current price, but the broker won't allow it, the EA will still place the other pending orders, and it will work normally. I usually just drag the box out of the screen. If you're brave, you can figure out the minimum pip distance our broker requires, and change the buffer setting to that.

If you're like me and are watching the market, you're thankful the EA is running now. Think about it. NFP was on friday and the market was pretty much flat at 1195...now, when there's not any notable scheduled news, gold is up $30 just from NY start. My balance is now coming back to starting point (???). party time!
Too close for pips, switching to points.
  • #404
  • Dec 9, 2014 9:44am Dec 9, 2014 9:44am
EA had closed all trades before that big move. So i missed that action. I couldnt catch it. My laptop has crashed and i had to restart my laptop again. After that ea closed after some time all positions. May be we shouldnt restart mt4 while it has open positions. Because of any error on our pc we may need restart mt4 but this time there should be errors like today.
  • #405
  • Dec 9, 2014 9:53am Dec 9, 2014 9:53am
Quoting msdogan
EA had closed all trades before that big move. So i missed that action. I couldnt catch it. My laptop has crashed and i had to restart my laptop again. After that ea closed after some time all positions. May be we shouldnt restart mt4 while it has open positions. Because of any error on our pc we may need restart mt4 but this time there should be errors like today.
oh no! any open trades are in jeopardy because the market will have moved a lot. I recommend looking into a VPS, which is a reliable remote server that runs 24\7. Then you can turn off your laptop whenever you want, and not worry about crashes. Amazon has a free tier 1 instance for a year.
Too close for pips, switching to points.
  • #406
  • Dec 9, 2014 9:58am Dec 9, 2014 9:58am
Quoting dambuster
Still testing and doing OK but this is what I do now in order to avoid the EA closng all trades unexpectedly (maybe there is a bug in the code?) Attach EA and let it set orders with a $30 spread betweem furthest buy stop/sell stop Remove EA once all orders have been set Attach trade manager EA and set to close all after +1% equity target reached
That's a clever way around it, thanks for the suggestion, dambuster. Still, I hope someone will finally figure out what's causing the unexpected cycle closures...

A few questions, please:
- what's the spread on a1pari?
- what's your GridStep setting?
- what trade manager do you use?

I can see you've already bravely gone live with it. Looking good.
mind over matter
  • #407
  • Dec 9, 2014 10:00am Dec 9, 2014 10:00am
Seems my account is suffering too much... I've started it first day... are there any new version of this Ea? Cause seems other account are in good gain..
Regards
  • #408
  • Dec 9, 2014 10:07am Dec 9, 2014 10:07am
Kosmo

Quote
A few questions, please:
- what's the spread on a1pari?
- what's your GridStep setting?
- what trade manager do you use?

- between 20 & 30
- GridStep = 200 & Buffer = 200
- Attached

Attached File(s)
File Type: ex4 TMv1.ex4   11 KB | 353 downloads
  • #409
  • Dec 9, 2014 10:09am Dec 9, 2014 10:09am
Quoting Thepipster
~Kosmo ...I'm stumped. I know the coding on the EA isn't the problem, or this problem would appear on every trade set. My guess is somehow the broker manipulated the floating equity level, or something along those lines...??? My EA closed all trades in a big loss on a set, too. It has come back some since then. So, I need to research to see how that happened, too. Nothing like this happened when I was testing before my VPS problems.
Hmm... I don't really buy it, since you say you've experienced the same, with a different broker.

I'd appreciate if you could elaborate on the below a bit more. Still trying to understand what we're up against here.

Quoting kosmo
I still don't understand how the commissions could play a role here; they just add to the negative side, so should not affect cycle closure at all.
mind over matter
  • #410
  • Edited 10:30am Dec 9, 2014 10:09am | Edited 10:30am
Quoting cescof
Seems my account is suffering too much... I've started it first day... are there any new version of this Ea? Cause seems other account are in good gain.. Regards
All your trades are open, and hedged. You'll have to manually close them all, and the EA will start over automatically from that point. It could be the trades are too close together, so you can change the gridlevel setting to 10 or 20, if you want.

~kosmo, I'm not sure, just speculating on that part. I know being able to have calculated TP and SL setup to simulate the same goals would solve that problem. I tried experimenting with equitysentry, a public trade manager while formulating this EA. I added the functions into my EA, because the sentry was too slow, IMO.

Quote
Quoting kosmo
Quote
I still don't understand how the commissions could play a role here; they just add to the negative side, so should not affect cycle closure at all.

The target is calculated off of increase of equity compared to account balance. Commissions don't get factored into this, so if you're targeting 0.2%, when all the trades close, in a perfect world, you'd net 0.194%, I think. Not significant enough to be the problem, in other words, I agree with you. Let's let the EA run awhile and see if the problem repeats itself. You did have a $0.42 change in price while trades were closing yesterday, which is enough to lose a significant portion over a number of trades, but it's a different problem if all your trades are closing when they never reached positive territory.
Too close for pips, switching to points.
  • #411
  • Dec 9, 2014 10:13am Dec 9, 2014 10:13am
Quoting Thepipster
{quote} All your trades are open, and hedged. You'll have to manually close them all, and the EA will start over automatically from that point. It could be the trades are too close together, so you can change the gridlevel setting to 10 or 20, if you want.
So maybe it's better if try to restart with your suggest setting or not? or you prefer tha i continue with this avcount waiting for recover?
Regards
  • #412
  • Dec 9, 2014 10:25am Dec 9, 2014 10:25am
Quoting cescof
{quote} So maybe it's better if try to restart with your suggest setting or not? or you prefer tha i continue with this avcount waiting for recover? Regards
When all your trades are hedged, it's impossible to recover by itself, notice your P\L hasn't changed at all. Yes, you have to close all of them and start over. You will have lost 22%. It's ok, I was apparently down 14%, and made it all back today, according to trade explorer. Why it went down doesn't make sense to me, and is the current subject of question with Kosmo
Too close for pips, switching to points.
  • #413
  • Dec 9, 2014 10:32am Dec 9, 2014 10:32am
I am confudes a little now. At first message it is written dont change any settings just let the EA work. But now i read close open trades and so robot can cycle again from begining. Which one is true ? Should we manage our trades after robot opened trades ?
  • #414
  • Dec 9, 2014 10:33am Dec 9, 2014 10:33am
Quoting dambuster
Kosmo - between 20 & 30 - GridStep = 200 & Buffer = 200 - Attached
Many thanks!
mind over matter
  • #415
  • Dec 9, 2014 10:38am Dec 9, 2014 10:38am
Quoting Thepipster
{quote} When all your trades are hedged, it's impossible to recover by itself, notice your P\L hasn't changed at all. Yes, you have to close all of them and start over. You will have lost 22%. It's ok, I was apparently down 14%, and made it all back today, according to trade explorer. Why it went down doesn't make sense to me, and is the current subject of question with Kosmo
New start wit 200gridstep and 200 buffer as suggested above.. Is it right?
Regards
  • #416
  • Dec 9, 2014 10:42am Dec 9, 2014 10:42am
Quoting msdogan
I am confused a little now. At first message it is written don't change any settings just let the EA work. But now i read close open trades and so robot can cycle again from beginning. Which one is true ? Should we manage our trades after robot opened trades ?
The EA works without changing settings. Some people are having problems, and their solution is to have a separate trade manager. That's up to them.
Other people have had problems with all their trades being opened, the only way to fix this is to close everything.

None of this applies to you, I just recommend you use a VPS (remote server) so you don't have to worry about if your laptop crashes, and you will have to close your opened trades when you restart MT4. The EA will lose track of those.


~Cescof...sure, try those settings, they seem to be working for dambuster, he's getting 0.50 between orders now. Since he took the risk of going live, we can observe for slippage, too.
Too close for pips, switching to points.
  • #417
  • Dec 9, 2014 10:52am Dec 9, 2014 10:52am
Quoting Thepipster
kosmo, I'm not sure, just speculating on that part. I know being able to have calculated TP and SL setup to simulate the same goals would solve that problem. I tried experimenting with equitysentry, a public trade manager while formulating this EA. I added the functions into my EA, because the sentry was too slow, IMO.
I see. The SL function is already there, so we still need the TP to be coded in. Is the SL setting in pips or equity? I understand that it manages a cycle as a whole, not single trades?

Quoting Thepipster
The target is calculated off of increase of equity compared to account balance. Commissions don't get factored into this, so if you're targeting 0.2%, when all the trades close, in a perfect world, you'd net 0.194%, I think. Not significant enough to be the problem, in other words, I agree with you. Let's let the EA run awhile and see if the problem repeats itself. You did have a $0.42 change in price while trades were closing yesterday, which is enough to lose a significant portion over a number of trades, but it's a different problem...
I'm glad you said it, as I was going to point out again that I don't believe the price slip was the case yesterday.

So, at least we know it's not the commissions.
mind over matter
  • #418
  • Dec 9, 2014 11:04am Dec 9, 2014 11:04am
Ok, done for today.
I didn't wait until London close, as you can see the last cycle closed around 15:35 GMT, and that's when I turned it off.
Why? The move up seemed exhausted and I expected PA to go sideways from there. Spot on.
It recovered well from yesterday, with a little bonus on top, and tomorrow's another day.

Happy trading
mind over matter
  • #419
  • Dec 9, 2014 11:16am Dec 9, 2014 11:16am
Quoting kosmo
I see. The SL function is already there, so we still need the TP to be coded in. Is the SL setting in pips or equity? I understand that it manages a cycle as a whole, not single trades? .
The EA can have SL, but it's not programmed in the way we want it. You can assign an individual fixed SL in pips to each trade, but it will be the same loss for each trade. The risk of this is twofold...if a trade closes on SL, the opposite trade will still be open and present an opportunity for it's own SL to be hit, doubling the loss. The other risk is when a trade is closed, even with SL, it throws off the equity target, messing up the EA. I have the SL function there, but I haven't even experimented with it. The EA does have an equity SL, too, but I found that because the trades get hedged out, it loses it's usefulness. It is the setting labeled equitypercentageloss, set at 9999. I have not experimented with the BE setting, either. I think those things are more trouble than they're worth.

The SL we want is the same as the TP we want. How it should work is, when a pending order trade is opened, all the same direction trades are assigned a TP at the same closing market price ($1230 for example) that is calculated to give an overall net profit that is settable. At the same time, all the opposite trades are assigned a SL that is at the same closing market price ($1230 in this example, same as TP). Then all opened orders will close at the exact same time, because the broker will be closing them. If new trades are opened as price moves about, the EA will have to calculate new TP and SL on all orders. I think if someone want's to implement this idea, they will also have to program a growing grid, that starts small.
Too close for pips, switching to points.
  • #420
  • Dec 9, 2014 12:53pm Dec 9, 2014 12:53pm
Quoting Thepipster
{quote} The EA can have SL, but it's not programmed in the way we want it. You can assign an individual fixed SL in pips to each trade, but it will be the same loss for each trade. The risk of this is twofold...if a trade closes on SL, the opposite trade will still be open and present an opportunity for it's own SL to be hit, doubling the loss. The other risk is when a trade is closed, even with SL, it throws off the equity target, messing up the EA. I have the SL function there, but I haven't even experimented with it. The EA does have an equity...
Thank you for the thorough explanation, Pipster. I fully understand it now.

I have one suggestion and one question.

Suggestion: To keep things neat and transparent, maybe it'd be a good idea to add a paragraph to the first post, where you list the necessary improvements, and the progress. Thus, if we're lucky enough to have a talented coder stumble upon this thread, it'll be a quick and handy reference point. For example:
- SL&TP function to be added (with a link to your above post)
- unexpected cycle closure to be eliminated, etc.

Question: In the first post you say:

Quote
...the EA max possible drawdown is around 30%. It is physically impossible for it to exceed this limit

I'd appreciate if you could explain. Sorry if it's been asked already. I'm going at my own pace here. Thanks.
mind over matter
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