Try My EA! Need Group Feedback... | Page 26 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD

Similar Threads

USD/TRY and EUR/TRY 12 replies

Fibo Group Feedback 23 replies

Need feedback on my trading breakouts system 8 replies

One World Capital... Need feedback 2 replies

Need feedback on FXCM Educational workshops 3 replies

Attachments: Try My EA! Need Group Feedback...
Exit Attachments

Try My EA! Need Group Feedback...

  • #501
  • Dec 16, 2014 5:30pm Dec 16, 2014 5:30pm
Quoting gaztrader29
Error No: 131 ????? anybody Cheers
It is addressed in the first post...next?

http://www.kitco.com/images/live/nyg...07787682455684


I'm kidding, it just means the EA will be placing the next closest order it is allowed to by your broker, it's inconsequential.
Too close for pips, switching to points.
  • #502
  • Dec 16, 2014 8:15pm Dec 16, 2014 8:15pm
@DamBuster: For the trade manager EA you shared earlier, how are the parameters used for "Profit Target" and "Profitable Trade Amount". Does the former address pips and the latter $$ ( the redundancy of this assumption doesn't seem right )? How do you use it with grids such as this one?
A good man knows his limitations ~ Clint Eastwood
  • #503
  • Dec 17, 2014 12:26am Dec 17, 2014 12:26am
I calculate the $ amount of +1% of the equity and enter this value into the Profit Target parameter
The Profitable Trade Amount parameter can be left alone and is only of significance if you set the Close Profitable Trades Only to True
  • #504
  • Dec 17, 2014 2:06am Dec 17, 2014 2:06am
Quoting dgodfrey
@pipster I'm not sure what would be different broker to broker as far as targets as a percentage of equity increase, that would seem to be just a calculation. Here's my setup, I think all I changed was the start time to get going on Sunday night.{image}
hmmm.... >100% return for 13 days is an interesting return on your FXCM demo account. I will try one and see with the same setup of yours....
But of course, I will do long term testing see if there's any "Batman's trap" the whole year....
If you ask me to code/fix your EA... it's probably not for free...
  • #505
  • Edited 3:23am Dec 17, 2014 3:07am | Edited 3:23am
@pipster, here's afternoon arround 5:05 PM. My VPS is also set to my local time, 5:05PM.

StartingHour and StoppingHour, is that in 24H format? If so, then the value if I want to run now, should be 17, correct?

I've tried set to both 17 and 5, and of course future minutes (5 minutes after current minute), but no order was created after passing the time, and no error. Is there anything wrong?
If you ask me to code/fix your EA... it's probably not for free...
  • #506
  • Dec 17, 2014 4:26am Dec 17, 2014 4:26am
Open your market watch window to see the broker server time and folow this example:

If market watch broker server time is 17.35.15 then
Set StartingHour to 17
Set StartingMin to 37
Set StoppingHour to 17
Set StoppingMin to 36
Check that market watch broker server time is 17.35.59 or less as EA is attached
If everthing else is set then the EA will start placing orders on the first tick after 17.37.01
  • #507
  • Edited 5:07am Dec 17, 2014 4:37am | Edited 5:07am
Quoting dambuster
Open your market watch window to see the broker server time and folow this example: If market watch broker server time is 17.35.15 then Set StartingHour to 17 Set StartingMin to 37 Set StoppingHour to 17 Set StoppingMin to 36 Check that market watch broker server time is 17.35.59 or less as EA is attached If everthing else is set then the EA will start placing orders on the first tick after 17.37.01
OK, got it and it is executing. Many orders was created, and I got error Sell Order failed, Error No. 130.
My account FXCM Demo, starting is USD 5000.

UPDATE:
I guess that error should be fine after googling, I got this "Your pending order price is 'too close to market'".
After got a little look at this, technically, this is the same "old" trapping method, which I'm also using in my TradeExplorer. Probably a bit different logic as it creates many buy and sell.

Honestly, this strategy is interesting to know after I decided to start trying. Good choice to use this on XAU/USD, high movement, high profit, and very friendly with trapping method. And as I observed many times, the enemy of this method probably is only flat market / sideways. But see the bright side, 90% of the time, market is always moving up and down, right?

As other's said, it depends on the spread, and/or broker choosen. So, I may see the result in 2 - 3 months in front.

I would like to ask some questions:

  1. Once tested OK, if I would want to start Live with only $100, still impossible, huh?
  2. How is the strategy if I would want to exit from this? The reason is, at some point of time, people would want to get big withdrawal (if got a profit). Withdrawing, it will be safe if no open trades of your strategy. Quite scary seeing so many open trades.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 69 KB
If you ask me to code/fix your EA... it's probably not for free...
  • #508
  • Dec 17, 2014 7:02am Dec 17, 2014 7:02am
so I am testing this since 24h as I couldn't be much in front of the pc. Yesterday I opened a demo with 5000 USD and reserve Broker, this Ea handled fine with many +pips. Today I put this Ea on my primary broker with 500 USD on demo. It started fine with 0.01 lots as expected and closed all pending orders and open orders with only almost 1 dolar of gain in short time, then I wait and it does not show any reaction. After 1 hour I restarted the Metadtrader and Ea again. After 1 hour it opened again new orders and pending orders and closed all them in 30 minutes with almost 1 dolar gain. So my question is , is this normal behave, do I have restart the Metatrader again to get again new orders ( also in such moment I understand to change time starts, this is not my main question) It just surprised me because it closed all orders and pending orders and I did not get the point if it will start again automaticly without my touch.)) Maybe my test time to understand this was too short.
" Accepting losses is the most important single investment devise "
  • #509
  • Dec 17, 2014 7:08am Dec 17, 2014 7:08am
Quoting radityo.ardi
{quote} OK, got it and it is executing. Many orders was created, and I got error Sell Order failed, Error No. 130. My account FXCM Demo, starting is USD 5000. UPDATE: I guess that error should be fine after googling, I got this "Your pending order price is 'too close to market'". After got a little look at this, technically, this is the same "old" trapping method, which I'm also using in my TradeExplorer. Probably a bit different logic as it creates many buy and sell. Honestly, this strategy is interesting to know after I decided to start trying....
Exit is simple to make withdrawal. Just push the button above the Metatrader to ececute automatic EA. Then close all open orders, manually it will take maksimum 1 minute. Or use a script to close in one time all open orders and pending orders. (google that it is easy to find , ı am not using it) Then after your withdrawal again push the button above the Metadtrader to restart your EA. Maybe also you neeed to restart the Metatrader because this EA uses the account equity and need to re-calculate it perhaps.
" Accepting losses is the most important single investment devise "
  • #510
  • Dec 17, 2014 7:44am Dec 17, 2014 7:44am
Quoting freedom48
{quote} Exit is simple to make withdrawal. Just push the button above the Metatrader to ececute automatic EA. Then close all open orders, manually it will take maksimum 1 minute. Or use a script to close in one time all open orders and pending orders. (google that it is easy to find , ı am not using it) Then after your withdrawal again push the button above the Metadtrader to restart your EA. Maybe also you neeed to restart the Metatrader because this EA uses the account equity and need to re-calculate it perhaps.
I do really know how to close.
many yrs doing all kind of trades, and myself is an IT guy, how do I not know how to close trades?

Am asking about exit strategy if I would want to withdraw. The reason I'm asking this, let us put up an example. I got profit of $2500 from my trading starting from $5000. But I'm still having $500 hanging in there. How would I make sure that all open trades are closed "naturally" by EA without opening another new trades, before doing withdrawal?
So I just hope that this EA is not creating orders like "forever" if I would want to run it in VPS. There must be some exit strategy for this, rather than just close the open orders manually.
If you ask me to code/fix your EA... it's probably not for free...
  • #511
  • Dec 17, 2014 7:49am Dec 17, 2014 7:49am
Quoting radityo.ardi
{quote} I would like to ask some questions: Once tested OK, if I would want to start Live with only $100, still impossible, huh? How is the strategy if I would want to exit from this? The reason is, at some point of time, people would want to get big withdrawal (if got a profit). Withdrawing, it will be safe if no open trades of your strategy.
I wouldn't start with anything less than $1,000, and then only when you've demoed it long enough to be confident.

You are right about this being a trapping idea, we are ambushing the profit, when it comes to us. Similar to equity millipede, or fishnet ideas. It doesn't hurt us when the market is flat, just makes us wait longer.

As freedom48 pointed out, you would want to close all trades, preferably just after it had taken profit, and turn EA off to withdraw. Most brokers don't allow withdrawls while orders are open. You can change the stop time temporarily, then the EA won't open new trades after that, and before the start-time.

~freedom48 ...I would start by checking that the stop-time is 1 minute before the start-time, otherwise if your server's time is between them, the EA won't trade. If you trade with less than $1000, the EA's profit target is only $1. But, don't get hung up on how much profit it makes at one time. I made over 4% yesterday, after waiting 11 trading days. When the market does move, the winners will add up.


FOMC ahead!
Too close for pips, switching to points.
  • #512
  • Dec 17, 2014 8:04am Dec 17, 2014 8:04am
Quoting Thepipster
{quote} I wouldn't start with anything less than $1,000, and then only when you've demoed it long enough to be confident. You are right about this being a trapping idea, we are ambushing the profit, when it comes to us. Similar to equity millipede, or fishnet ideas. It doesn't hurt us when the market is flat, just makes us wait longer. As freedom48 pointed out, you would want to close all trades, preferably just after it had taken profit, and turn EA off to withdraw. Most brokers don't allow withdrawls while orders are open. You can change the stop...
StopTime.... I see... didn't notice that

Frankly, your EA just giving me another idea. But, I'll put it up on another time to research. Hope this trades giving me a good result, I'll do test it out in my VPN, for at least 2-3 months. I'm following dgodfrey, starting with FXCM.

And, sorry for not putting up the result in my signature. I got my own stupid strategy there
If you ask me to code/fix your EA... it's probably not for free...
  • #513
  • Dec 17, 2014 8:18am Dec 17, 2014 8:18am
As the Pipster pointed out, the FXCM account is different in how they term what one lot is, in that it's 100 times the size other brokerages use for the same amount of investment. IE, 0.1 lots at Armada is 10 lots at FXCM. No big deal, except internally the target that the program creates uses lot size in it's calculation, so the target increase in equity that the program is trying to reach to close is 100 times larger using FXCM as the broker.

I'm fine with that, it's working like a charm in a moving market. The downside is that I could get a perfect box hedge more easily in a jittery sideways market, in which case I would have a 30% haircut or thereabouts.
A good man knows his limitations ~ Clint Eastwood
  • #514
  • Dec 17, 2014 8:21am Dec 17, 2014 8:21am
BTW, thanks for the info on TMv1, dambuster. I like that program!
A good man knows his limitations ~ Clint Eastwood
  • #515
  • Dec 17, 2014 8:35am Dec 17, 2014 8:35am
Quoting dgodfrey
...in which case I would have a 30% haircut or thereabouts.
Which makes it worth testing for an extended period of time, to see if it needs a haircut, and if it makes so much profit that a haircut here and there is worth it. You can always add more steps, too.

So, what do you think about the auto-compounding? You've been able to experience doubling the lot size, safely. You can see your profit "curve" has a curve to it.

Quoting radityo.ardi
{quote} StopTime.... I see... didn't notice that Frankly, your EA just giving me another idea. But, I'll put it up on another time to research. Hope this trades giving me a good result, I'll do test it out in my VPN, for at least 2-3 months. I'm following dgodfrey, starting with FXCM. And, sorry for not putting up the result in my signature. I got my own stupid strategy there
It's ok, I'll keep tabs on your explorer. If your account has the same lot size display anomaly as dgodfrey's, it will make it interesting to see if it actually turns out similar results. I see you trade a lot in gold, it's my favorite! I have tried and tested so many variations of grid, it's crazy. I've tried limit only orders, TPs on limit only orders with equity target on stop entry orders, TPs on stop entry orders with equity targets on limit orders, standard grid with closing everything when the account could actually net a profit, SLs, TPs, on and on. This is the only idea that worked, so I'm sticking with it.
Too close for pips, switching to points.
  • #516
  • Dec 17, 2014 12:37pm Dec 17, 2014 12:37pm
Quoting Thepipster
{quote} So, what do you think about the auto-compounding? You've been able to experience doubling the lot size, safely. You can see your profit "curve" has a curve to it.
I like the auto-compounding, it should be consistent risk. $6k for a haircut is scarier than $3k when the account was new, but 30% is 30% lol. Just hoping that drawdowns are few and far between.
A good man knows his limitations ~ Clint Eastwood
  • #517
  • Dec 17, 2014 12:43pm Dec 17, 2014 12:43pm
~sigh~
My computer keeps saying its going to autoupdate in a few minutes. Hope that doesn't screw things up. Guess this would work better on a VPS.

If I shut down without closing out the trades and restart, will the program understand whats going on or will I have to close all the trades manually?
A good man knows his limitations ~ Clint Eastwood
  • #518
  • Dec 17, 2014 12:52pm Dec 17, 2014 12:52pm
Quoting dgodfrey
~sigh~ My computer keeps saying its going to autoupdate in a few minutes. Hope that doesn't screw things up. Guess this would work better on a VPS. If I shut down without closing out the trades and restart, will the program understand whats going on or will I have to close all the trades manually?
It will mess up the EA to restart MT4
It will read the floating loss as the new baseline to target from.
Too close for pips, switching to points.
  • #519
  • Dec 17, 2014 12:55pm Dec 17, 2014 12:55pm
Well, guess I'll suck up a $1200+ loss then and start it up again. Wonder if the code could include a manual override for the equity?
A good man knows his limitations ~ Clint Eastwood
  • #520
  • Dec 17, 2014 1:02pm Dec 17, 2014 1:02pm
Restarted and the grids back on. A bunch of volatility just now for some reason, opened the grid right into it and got a couple of error 130's
A good man knows his limitations ~ Clint Eastwood
2 traders viewing now