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  • #61
  • Dec 2, 2014 1:20pm Dec 2, 2014 1:20pm
Quoting cristian23
Hello, First, I want to thank to the creator of this EA. Really impressive! 50% last month with daily charts. {image}
Is this a back test?
  • #62
  • Dec 2, 2014 1:21pm Dec 2, 2014 1:21pm
Quoting Thepipster
right, no TP...all trades are closed on equity target, which is already set ....on the best setting, of course! I have tried all kinds of various TP, SL, equity targets, levels, blah blah blah....this is best, and while it's not extreme green machine, it beats anything that's out there big, like s&p, various pamms, the whole 20% per year hedge fund, it's realistic.
So this is the Holy Grail !

Any other commodities you would like us to try other than GOLD?
  • #63
  • Dec 2, 2014 1:38pm Dec 2, 2014 1:38pm
that backtest might look nice, but it can't be very truthful. You can't backtest when you use equity target to close groups of opened trades--sorry. But, hook it onto a demo account, link us to your trade explorer here, and in a couple of months we'll see.

I don't trade anything besides gold for reasons already stated. This EA requires $1000 per 0.01 lot, so most people don't have the kind of money to spread into other currencies\commodities....you could try XAUEUR, but my broker doesn't offer that.
Too close for pips, switching to points.
  • #64
  • Dec 2, 2014 1:48pm Dec 2, 2014 1:48pm
Quoting Thepipster
that backtest might look nice, but it can't be very truthful. You can't backtest when you use equity target to close groups of opened trades--sorry. But, hook it onto a demo account, link us to your trade explorer here, and in a couple of months we'll see. I don't trade anything besides gold for reasons already stated. This EA requires $1000 per 0.01 lot, so most people don't have the kind of money to spread into other currencies\commodities....you could try XAUEUR, but my broker doesn't offer that.
So, you have been trading with this EA on live? Can you show your explorer?
  • #65
  • Dec 2, 2014 1:57pm Dec 2, 2014 1:57pm
Quoting kashTrader
{quote} So, you have been trading with this EA on live? Can you show your explorer?
Still demoing...this project will help me prove it's worthy of funding.

I'm having VPS troubles, I'll have to get it sorted out, and post it up.

I have traded gold manually live, not posting that. This is about this EA.
Too close for pips, switching to points.
  • #66
  • Dec 2, 2014 2:11pm Dec 2, 2014 2:11pm
Good day! in my Curent PL not include brokerage commissions
Attached Image (click to enlarge)
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  • #67
  • Dec 2, 2014 2:18pm Dec 2, 2014 2:18pm
I am demoing with FXCM. They have a spread of 5pip. It seems to remain constant. Is that a problems for the pending orders or do we need the pending orders to be spread out further because of the higher pips. I see Scoo mention that his EA fell through when IC Markets increased the spread to 7-8. So does the increased spread have an effect on this EA.
  • #68
  • Dec 2, 2014 2:25pm Dec 2, 2014 2:25pm
Quoting kashTrader
I am demoing with FXCM. They have a spread of 5pip. It seems to remain constant. Is that a problems for the pending orders or do we need the pending orders to be spread out further because of the higher pips. I see Scoo mention that his EA fell through when IC Markets increased the spread to 7-8. So does the increased spread have an effect on this EA.
It's not a problem. That's $0.50, pretty typical. Spread flunctuations don't affect this EA. Don't worry about how spread apart the orders are, 0.30-0.70 is fine.


~MidasFG
good...My rooskie is rusty...how much have you netted so far? Would have been pretty nice since 11/28, eh?
Too close for pips, switching to points.
  • #69
  • Dec 2, 2014 2:29pm Dec 2, 2014 2:29pm
Quoting Thepipster
{quote} It's not a problem. That's $0.50, pretty typical. Spread flunctuations don't affect this EA. Don't worry about how spread apart the orders are, 0.30-0.70 is fine. ~MidasFG good...My rooskie is rusty...how much have you netted so far? Would have been pretty nice since 11/28, eh?

my MT4 time 22:28, with default settings setup on xau usd and xau eur, its not opening any trades rather printing the lots to trade/equity n all that on the charts.

Should i need to update start time , please advise
Scoobi doobi doo
  • #70
  • Dec 2, 2014 2:34pm Dec 2, 2014 2:34pm
on what Time Frame are you using this EA?
  • #71
  • Dec 2, 2014 2:34pm Dec 2, 2014 2:34pm
you can change the start time to a few minutes in the future, make sure the end time is 1 minute before, so the EA continues to trade. Sometimes it waits until the "default" time is reached to start, but once it starts, you don't have to worry about it again.
Too close for pips, switching to points.
  • #72
  • Dec 2, 2014 2:35pm Dec 2, 2014 2:35pm
Quoting matkooo2575
on what Time Frame are you using this EA?

anytime you want to look at. TF doesn't affect this EA.
Too close for pips, switching to points.
  • #73
  • Dec 2, 2014 2:39pm Dec 2, 2014 2:39pm
Quoting Thepipster
you can change the start time to a few minutes in the future, make sure the end time is 1 minute before, so the EA continues to trade. Sometimes it waits until the "default" time is reached to start, but once it starts, you don't have to worry about it again.
ok sure, got it. btw will this EA close positions opened by others?, I saw it uses comments to validate the order opened by self instead of magic on the contrary it shows current P/L of the pair (using my manual orders) attached before it opened an order . Is this a bug/ thanks
Scoobi doobi doo
  • #74
  • Dec 2, 2014 2:42pm Dec 2, 2014 2:42pm
Quoting Thepipster
you can change the start time to a few minutes in the future, make sure the end time is 1 minute before, so the EA continues to trade. Sometimes it waits until the "default" time is reached to start, but once it starts, you don't have to worry about it again.
After setting the time, EA started with Error 130 & 4109 popup alerts continuously.

I didn't change any other setting FYI
Scoobi doobi doo
  • #75
  • Dec 2, 2014 2:43pm Dec 2, 2014 2:43pm
Quoting Scoobidoobi
{quote} ok sure, got it. btw will this EA close positions opened by others?, I saw it uses comments to validate the order opened by self instead of magic on the contrary it shows current P/L of the pair (using my manual orders) attached before it opened an order . Is this a bug/ thanks
I think that's a bug leftover from my mods...I only care about outcome, not appearance.
I wouldn't trade anything else on the account this EA is on. Make it start, minimize it, watch your trade explorer. VPS is a really good idea.
Too close for pips, switching to points.
  • #76
  • Dec 2, 2014 2:44pm Dec 2, 2014 2:44pm
Quoting Scoobidoobi
{quote} After setting the time, EA started with Error 130 & 4109 popup alerts continuously. I didn't change any other setting FYI
It does that if you don't have the green experts on button, on the main terminal, turned on to start trading.
I never figured out how to rid that bug, but when it's on, it's gone.

my coding is as rusty as my rooskie...
Too close for pips, switching to points.
  • #77
  • Dec 2, 2014 2:56pm Dec 2, 2014 2:56pm
Hi Pipster,

I am trying to figure out how this system really works and if it makes some logical sense while I carry on with the testing. If I understand correctly, its take a price p as base line and place sell order and buy orders at certain intervals. The idea here (i think) is that when Gold starts to trend in one direction it will catch one side of the orders. For example if price goes into a down trend it will catch all the pending shorts and we would have a nice accumulation. Ofcourse we don't know how much thrashing about there will be so there is the possibility that we also catch some of the buy orders which will turn out to be losses but the number of gains from the sells should be more then the buy losses making the system profitable.

So, here is where I have the question, what if the thrashing about of the price catches all the pending buys and sells that it has place before reaching you desired equity level. What is the EA suppose to do then? Practically once that happens you can never make a profit from the movement of the price as everything would cancel each other out.

I haven't looked at the code yet, so how does the EA deal with this problem? Does it open one more set of trades? Because if we had started the EA on the 26th of November and let it run till today (assuming it didn't hit the Equity we had in mind) we would have triggered all the pending buy and sell. Would it just be stuck doing nothing or have you figured a clever work around for this?


Thanks,
K
  • #78
  • Dec 2, 2014 3:13pm Dec 2, 2014 3:13pm
Quoting Thepipster
{quote} It does that if you don't have the green experts on button, on the main terminal, turned on to start trading. I never figured out how to rid that bug, but when it's on, it's gone. my coding is as rusty as my rooskie...

I found the issue w.r.t error 130 , broker didnt allow pending orders to be placed that closer found it from the broker support

error 4109 if green button stopped, am concerned on error 130 where broker doesnt allow tight pending orders
Scoobi doobi doo
  • #79
  • Dec 2, 2014 3:16pm Dec 2, 2014 3:16pm
~K
VERY OBSERVANT!!!
good...that's the reason there's 30 orders and just the spread between them. The target is quite low, so if the market is ranging, there's not going to be a whole lot to see, and it may take 8-10 orders on a side to "win". This is the average of what happens, and the reason you must have patience. Run it for a couple of months to allow for trends and news cycles.

About your worries that it may not have hit equity target. The target is very small, only $1 on 0.01 lot size. When the market starts moving, the EA goes nuts. November was a terrific month! Just the end of last week until now was really great. Just let it run awhile and you'll catch on.

`Eh, scoobs...I try to let the EA get as close as possible with the pending orders...it's ok, the EA will just place the next closest order. No need to change anything.
Too close for pips, switching to points.
  • #80
  • Dec 2, 2014 3:36pm Dec 2, 2014 3:36pm
Quoting Thepipster
~K VERY OBSERVANT!!! good...that's the reason there's 30 orders and just the spread between them. The target is quite low, so if the market is ranging, there's not going to be a whole lot to see, and it may take 8-10 orders on a side to "win". This is the average of what happens, and the reason you must have patience. Run it for a couple of months to allow for trends and news cycles. About your worries that it may not have hit equity target. The target is very small, only $1 on 0.01 lot size. When the market starts moving, the EA goes nuts. November...
I get what you are saying but the situation I described is conceivable. I think we should also figure out what the EA should do incase all the pending orders have been executed. Depending on the take profit these 30 trades may be enough, it may not be. So here are my thoughts:

  1. Is there a particular reason why we are using 30 trades and not 50 for example? Is this because of margin concerns? Looking at the chart since 27th November till today, if the ET (Equity target) wasn't filled we would have already taken out all the pending purchase orders. So, have you thought of adding more orders?
  2. Why have you chosen to use the current spacing. Yes, of course the current spacing means that the shorter trends can be easily caught by the EA but increasing the gap would give us more space against the cycle I am describing
  3. Perhaps you have already tested all these out and found these numbers to work the best. In that case we could simply add this to the EA. When all pending orders have been taken out close all trades and reset. This would mean loosing Spread X 30 but then again small price to pay if this happens rarely. And if it does happen rarely then there is no need to worry and we can just have this as a failsafe.
  4. Finally another quick approach could be, if all pending orders are taken out on one side do not let the EA cross back over 15 of those orders. That is halfway line of that side. This is just brainstorming, we could mathematically work out if this is better of simple losing maximum Spread X 30 from option 3 is better


I don't intend on changing anything but simply laying out the pitfalls I see in this method. For now, I think we can simply stick to your settings and do a manual reset if all orders are taken out automatically ensuring maximum loss of 30 X Spread.

So while we think about this, my one question is does the Equity target of one entire cycle cover the loss of 30 X Spread? We do need to make sure that out ET is > 30 X Spread to remove risks.

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