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  • #81
  • Dec 2, 2014 3:46pm Dec 2, 2014 3:46pm
#3. is correct...been there, done that, got the T-shirt cut off. I've slaved the hours away already stressing about your worries, no need for you to re-live it.

Just today's price action was enough to close all the trades at least once.

The target is plus spread, so the only enemy we have is latency, which is the same reason I don't have more orders setup. It takes too much time to close so many orders. We have to be able to capture the profit while it's there-quickly. Now, I've had, as I mentioned before, slow, flat markets that took 2 weeks to move...but when they did, ...wow!

Don't worry, just try it...put it on, put it on the back burner, pull it out in a few weeks and look at it.
Too close for pips, switching to points.
  • #82
  • Dec 2, 2014 3:47pm Dec 2, 2014 3:47pm
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.
Please what do you mean by (make sure the end time is 1 minute before)
10 pips a day keeps poverty away
  • #83
  • Dec 2, 2014 3:49pm Dec 2, 2014 3:49pm
Quoting realclick
{quote} Please what do you mean by (make sure the end time is 1 minute before)
example:

start time 12:30
stop time 12:29

The EA won't open any new orders after 12:29, before 12:30.
Too close for pips, switching to points.
  • #84
  • Dec 2, 2014 4:46pm Dec 2, 2014 4:46pm
255 Total downloads so far...

I'm assuming everyone's not having any problems getting things started now.

Read the first post before asking questions, but please feel free to ask away.
Too close for pips, switching to points.
  • #85
  • Dec 2, 2014 4:58pm Dec 2, 2014 4:58pm
Quoting Thepipster
255 Total downloads so far... I'm assuming everyone's not having any problems getting things started now. Read the first post before asking questions, but please feel free to ask away.
Can you please confirm one calculation. The worst case scenario is loss of spread on all the tears being taken. What is the comparison of this loss in pips/money compared the current setting for equity target.

Can you please put both into either pips or money to make it comparable.
Thanks
  • #86
  • Dec 2, 2014 5:01pm Dec 2, 2014 5:01pm
Quoting Thepipster
255 Total downloads so far... I'm assuming everyone's not having any problems getting things started now. Read the first post before asking questions, but please feel free to ask away.

Mine isnt placing any orders and i think it may be the start time issue, my time now is 11.01 pls what time can i get to get it to place orders now
10 pips a day keeps poverty away
  • #87
  • Dec 2, 2014 5:06pm Dec 2, 2014 5:06pm
The absolute worst is if price zig-zagged perfectly to cause all orders to be opened, then you would have a permanent floating loss of about 30% of account balance.

~real click
make sure you'r going by the time in MT4, on the bottom of the chart. You can put in that hour and a few minutes ahead of right now...just make sure you also modify the stop time to 1 min before the start time.
Too close for pips, switching to points.
  • #88
  • Dec 2, 2014 5:14pm Dec 2, 2014 5:14pm
Quoting Thepipster
The absolute worst is if price zig-zagged perfectly to cause all orders to be opened, then you would have a permanent floating loss of about 30% of account balance. ~real click make sure you'r going by the time in MT4, on the bottom of the chart. You can put in that hour and a few minutes ahead of right now...just make sure you also modify the stop time to 1 min before the start time.
Uhm... Sorry I am a bit lost.

1. I have just started trading on demo with 50,000. the EA has put orders of 5 lots of Gold per order is that correct?

Could you please confirm what is the equity target the EA is aiming for?

2. Why would it be a 30% loss. A complete Zig-zag would take out all the orders. All the pending orders should cancel each other and cause any loss right? We should only loose Spread X Number of trades taken? Isn't that the case? I am missing how you get the 30%. Please can you elaborate a bit on that.
  • #89
  • Dec 2, 2014 5:30pm Dec 2, 2014 5:30pm
Have you already thought or tested ways to avoid the perfect zigzag by setting equity targets lower than the 30% possible drawdown?
  • #90
  • Dec 2, 2014 5:32pm Dec 2, 2014 5:32pm
Quoting Thepipster
The absolute worst is if price zig-zagged perfectly to cause all orders to be opened, then you would have a permanent floating loss of about 30% of account balance. ~real click make sure you'r going by the time in MT4, on the bottom of the chart. You can put in that hour and a few minutes ahead of right now...just make sure you also modify the stop time to 1 min before the start time.

Thank you so much for your help , please what is supposed to happen when the time I set reaches, I expect orders to be placed , am I correct?
10 pips a day keeps poverty away
  • #91
  • Edited 9:45pm Dec 2, 2014 9:05pm | Edited 9:45pm
Quoting Thepipster
255 Total downloads so far... I'm assuming everyone's not having any problems getting things started now. Read the first post before asking questions, but please feel free to ask away.
business as usual, people download like hell in expectation of a holy grail, make their backtest and when the balance not doubles within a month it went to trash instead
of giving hints for improvements.

anyway, thanks for sharing, have to wait a few days until my new PC is ready, too much terminals at the moment on my older laptop....

Edit:
you use the following line to calculate lotsize:

"LS = MathCeil((LotPercent/1000)*AccountBalance())*Step;"

just a recommendation, i prefer to use AccountEquity() in case the EA runs over more than one pair or someone has an additional manual trade open
and the AccountLeverage() as it differs heavy from broker to broker.
for example
"double money2 = (AccountEquity() * AccountLeverage()) * risk;"
risk is an external int in this line.
just do it
  • #92
  • Dec 2, 2014 10:09pm Dec 2, 2014 10:09pm
thanks Thepipster for sharing this ea. Im on demo testing today.
got a alert just now when it tried to open orders
2014.12.03 11:59:37.003 Steady Gold XAUUSD,M15: Alert: Buy Order failed, Error NO: 130
Im using fxcm demo account. the micro lot for gold is 1 ,its different from others.
I got 59 orders total including pending orders. it seems 1 order short.
  • #93
  • Edited Dec 3, 2014 1:14am Dec 2, 2014 11:13pm | Edited Dec 3, 2014 1:14am
*********I HAVE A PLAN********


First I want to give tons of thankx to thepiptester to give this ea in this thread.

I think more than 100 traders have read this thread and they are interested about this auto trading ..
if each people give 10$ we have a collection of 1000$ and run a live real account and we can see that live trading by investor password. Thousand of traders can see the ea performance.
Someone trusted member of forexfactory collect those 1000$ and run it in a standard real account live .

Why this idea came to my mind ?

1. Better to observe a single real live account than testing 1000 of demo accounts.
2. Time consuming for all traders.
3. Better to rent 1 vps and run live real account .
4. It is the smartest way to get result.All people will get satisfy seeing a running live real account.
5. if the account get blow each and every trader will loose only 10$ .I think it is not a big loss for a forex trader now a days.
6. we can understand how this ea work when market have slippage and we can see real execution how much fast in real account where as all demo accounts are ideal.

AN IDEA CAN CHANGE OUR LIFE

Please give your feedback of my idea
Thank You
  • #94
  • Dec 3, 2014 12:29am Dec 3, 2014 12:29am
Quoting forexinblood
*********I HAVE A PLAN******** First I want to give tons of thankx to thepiptester to give this ea in this thread. I think more than 100 traders have read this thread and they are interested about this auto trading .. if each people give 10$ we have a collection of 1000$ and run a live real account and we can see that live trading by investor password. Thousand of traders can see the ea performance. Someone trusted member of forexfactory collect those 1000$ and run it in a standard real account live . Why this idea came to my mind ? 1. Better to...
Hi Forexinblood,

it is a good idea and that way we can have serious traders input to improve the EA (incase if we need) but at the same time i thought to do same work on demo account. We can have one centralized demo account which serious traders can access and check the performance and give suggestions....but real account is more serious because 100 serious traders have funded....

lets watch other feedbacks...

thanks for idea
  • #95
  • Dec 3, 2014 1:03am Dec 3, 2014 1:03am
Pipster,

I'm sure you're pulling your hair out right now trying to deal with all these people, so i wanted to make things easy for you. Loaded your EA to a Finfx demo account and have it running on my vps 24/7. Please see the TE called 'Pipster' I just created.

I trade with finfx too, love them.

Attached Image


Don't know anything about the ea, so i'm using these settings. Changed the lot size to .2. Let me know if you want me to change anything.

Good luck!
  • #96
  • Dec 3, 2014 1:08am Dec 3, 2014 1:08am
Quoting shg
{quote} Hi Forexinblood, it is a good idea and that way we can have serious traders input to improve the EA (incase if we need) but at the same time i thought to do same work on demo account. We can have one centralized demo account which serious traders can access and check the performance and give suggestions....but real account is more serious because 100 serious traders have funded.... lets watch other feedbacks... thanks for idea

Yah we can see same work on demo account but i have doubt that how many people will take demo account trading seriously.

Psychologically Demo account and Live account trading have big difference for most of people's mind. (but personally i have same psychological mind on demo and real account trading)

we can understand how this ea work when market have slippage and we can see real execution how much fast in real account where as all demo accounts are ideal.

thank you shg for ur reply ..
  • #97
  • Dec 3, 2014 1:10am Dec 3, 2014 1:10am
Quoting Shug
Pipster, I'm sure you're pulling your hair out right now trying to deal with all these people, so i wanted to make things easy for you. Loaded your EA to a Finfx demo account and have it running on my vps 24/7. Please see the TE called 'Pipster' I just created. I trade with finfx too, love them. {image} Don't know anything about the ea, so i'm using these settings. Changed the lot size to .2. Let me know if you want me to change anything. Good luck!

thank u for ur work

can u provide us the demo account no , investor pass and server ? so that we can see the trades ..thank u ...
  • #98
  • Dec 3, 2014 1:14am Dec 3, 2014 1:14am
I already linked it to a trade explorer:
http://www.forexfactory.com/shug

It's the fourth one down, called Pipster

Quoting forexinblood
{quote} thank u for ur work can u provide us the demo account no , investor pass and server ? so that we can see the trades ..thank u ...
  • #99
  • Dec 3, 2014 1:16am Dec 3, 2014 1:16am
Quoting Shug
Pipster, I'm sure you're pulling your hair out right now trying to deal with all these people, so i wanted to make things easy for you. Loaded your EA to a Finfx demo account and have it running on my vps 24/7. Please see the TE called 'Pipster' I just created. I trade with finfx too, love them. {image} Don't know anything about the ea, so i'm using these settings. Changed the lot size to .2. Let me know if you want me to change anything. Good luck!

put all default ...ea will decide lot as per equity ..just let run the EA on vps 24 hours..
  • #100
  • Dec 3, 2014 1:18am Dec 3, 2014 1:18am
Quoting forexinblood
{quote} put all default ...ea will decide lot as per equity ..just let run the EA on vps 24 hours..
Right. That's what it's doing...
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