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  • #161
  • Dec 3, 2014 12:43pm Dec 3, 2014 12:43pm
Quoting Thepipster
Sorry for my absense. I see tons of questions here, but some of them are the same, so I'll try to address everything in a long post here, so please read before replying. First thing is DON'T CHANGE THE SETTINGS!!! You are sabotaging yourself if you do, and if you use any other pair besides Gold! I saw some people put a value in for lot size. That will prevent the EA from automatically growing your lot size as your account grows! Making the lotpercent size higher will make it too risky. You must wait 24 hours for EA to start trading, you can change...
I would think slippage will be a very real issue with live accounts.. Especially during news or big moves, you might end up with a lot of bad orders.
Build good relationships with others.
  • #162
  • Dec 3, 2014 12:46pm Dec 3, 2014 12:46pm
Quoting kashTrader
{quote} Can you please read the question carefully before randomly answering. So I have 4 lots per trade and 37 trades open. Can you tell me if its 4/0.01 *1 or 4 *37/0.01 * 4?
It is based on the lot size of a single trade, regardless of how many trades are open.

4 lots size should close on $400 profit target.
Too close for pips, switching to points.
  • #163
  • Dec 3, 2014 12:47pm Dec 3, 2014 12:47pm
Quoting kashTrader
{quote} Can you please read the question carefully before randomly answering. So I have 4 lots per trade and 37 trades open. Can you tell me if its 4/0.01 *1 or 4 *37/0.01 * 4?
It wasn't a random answer. It should be (4/0.01)*37=$14,800. To make sure you should ask Thepipster
  • #164
  • Dec 3, 2014 12:55pm Dec 3, 2014 12:55pm
Quoting GoldTheHun
{quote} It wasn't a random answer. It should be (4/0.01)*37=$14,800. To make sure you should ask Thepipster
I don't think so..... If that were the case this trade would need to wait a good few months and gold would need to go into a huge uptrend. I think Thepipster is aiming smaller to ensure that we don't get whipped through the whole entry range. $400 is more like what I think he is expecting to get.

That is really the only way this could work.
  • #165
  • Dec 3, 2014 12:56pm Dec 3, 2014 12:56pm
Quoting shellsnail
{quote} I would think slippage will be a very real issue with live accounts.. Especially during news or big moves, you might end up with a lot of bad orders.
latency and slippage are brother and sister...master the latency problem, and the slippage is minimized. This means more than the latency from you to your broker, you must also research the latency from your broker to their liquidity provider's servers.
Too close for pips, switching to points.
  • #166
  • Dec 3, 2014 1:00pm Dec 3, 2014 1:00pm
Quoting kashTrader
{quote} I don't think so..... If that were the case this trade would need to wait a good few months and gold would need to go into a huge uptrend. I think Thepipster is aiming smaller to ensure that we don't get whipped through the whole entry range. $400 is more like what I think he is expecting to get. That is really the only way this could work.

Yes you are right. He just posted the answer to your question.

Thepipster quoted :
"It is based on the lot size of a single trade, regardless of how many trades are open.
4 lots size should close on $400 profit target."
  • #167
  • Dec 3, 2014 1:01pm Dec 3, 2014 1:01pm
Here is mine... VPS 10k€ icmarkets
Thanks
Regards
  • #168
  • Dec 3, 2014 1:12pm Dec 3, 2014 1:12pm
Hello Pipster,

I have setup the EA to run with a Alpari UK demo account (100k). The TE will start to show up as soon as there is a closed trade.
Thanks for the EA and letting me to test it.
  • #169
  • Dec 3, 2014 1:15pm Dec 3, 2014 1:15pm
Quoting Thepipster
{quote} It is based on the lot size of a single trade, regardless of how many trades are open. 4 lots size should close on $400 profit target.
Thanks Pips. Now I want to drill down a bit on the latency issue. Why is latency such a big issue in this case? Is it because how fast we need to close the trades? If that is the case then I don't think we need to worry about it too much (unless the EA gets stuck or something while waiting for confirmation). The reason I say this is because, when the TE is hit there are really two scenarios:

1. The price trends and continues with our orders in that case closing off some orders a bit delayed should not matter. In fact its good!
2. The prices moves back against us which is not that great I guess.

If we are only trying to catch spikes then it really does matter. Otherwise if you think that the price is trending with us then I don't think it matters.

Can you please elaborate a bit on this.
  • #170
  • Dec 3, 2014 1:19pm Dec 3, 2014 1:19pm
How long have you been backtesting this mysterious ea
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #171
  • Dec 3, 2014 1:26pm Dec 3, 2014 1:26pm
Quoting kashTrader
{quote} Thanks Pips. Now I want to drill down a bit on the latency issue. Why is latency such a big issue in this case? Is it because how fast we need to close the trades? If that is the case then I don't think we need to worry about it too much (unless the EA gets stuck or something while waiting for confirmation). The reason I say this is because, when the TE is hit there are really two scenarios: 1. The price trends and continues with our orders in that case closing off some orders a bit delayed should not matter. In fact its good! 2. The prices...
It matters because first, all orders are closed upon reaching target. Second, the target is relatively tiny compared to how fast the price can move. MT4 has some frustrating limitations on how fast it can close a basket of orders. If you have 12 orders already open, and 48 pending orders and to have to close all of them, it can take a few precious seconds. I've tried figuring out ways to beat this, but latency is the biggest obstacle. The only other option is for someone with really great programming skills to assign a TP that gets filled on the broker's side for every order, and is modified constantly to emulate the same result of hitting a target. The pending orders would still have to be all closed before starting the next "round".
Gold can move a few dollars in a few milleseconds! Usually when it does this, it has moved a little in the same direction already, so we usually have some orders going our way. It's part of the reason we want lots of small orders as close to each other as possible, and as close to the starting point as possible.
Too close for pips, switching to points.
  • #172
  • Dec 3, 2014 1:27pm Dec 3, 2014 1:27pm
Quoting Soros
How long have you been backtesting this mysterious ea
No backtesting, only demoing for over a year, with many mods along the way.

(you might get some answers by reading all my posts on this thread, including the first one!)
Too close for pips, switching to points.
  • #173
  • Dec 3, 2014 1:43pm Dec 3, 2014 1:43pm
Quoting spyderman
I pinged mine at 150ms. Guessing that's not good...

Hey, I was just looking at your explorer, and noticed your using trader's way. I think they're supposed to be good.
Their server is in london, so if you're close to there, or your VPS can be close to there, they should be ok.

I think you problem could be if you're using their ECN account, because it charges commissions, and this EA doesn't take that into account on the target.
You could do one of two things, you could use a demo account that doesn't have commissions, or you could be kinda risky and modify your setting for the target to 2 instead of 1 as the value.
Too close for pips, switching to points.
  • #174
  • Dec 3, 2014 1:43pm Dec 3, 2014 1:43pm
Hi and thanks to share your EA, I made an backtest just on 2 month for check the trades and saw than it didn't open all orders and crash, did I made an mistake ?

Thanks, regards
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  • #175
  • Dec 3, 2014 1:52pm Dec 3, 2014 1:52pm
Quoting Xarius
Hi and thanks to share your EA, I made an backtest just on 2 month for check the trades and saw than it didn't open all orders and crash, did I made an mistake ? Thanks, regards {image}
Don't know what you are referring to when you say crash? It is possible for the EA to fail. For instance if you look at the attached picture where I have drawn a rectangle roughly the size of the grid we are covering with our pending orders you will notice that we would have hit all our pending buys and sells. In that case it would fail....


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  • #176
  • Dec 3, 2014 1:53pm Dec 3, 2014 1:53pm
Quoting Thepipster
{quote} Hey, I was just looking at your explorer, and noticed your using trader's way. I think they're supposed to be good. Their server is in london, so if you're close to there, or your VPS can be close to there, they should be ok. I think you problem could be if you're using their ECN account, because it charges commissions, and this EA doesn't take that into account on the target. You could do one of two things, you could use a demo account that doesn't have commissions, or you could be kinda risky and modify your setting for the target to 2...
I download the version CSK_Steady Gold...where can I set the target from 1 to 2 for ECN?
  • #177
  • Dec 3, 2014 1:55pm Dec 3, 2014 1:55pm
guys i can see the ea opening lots of orders ..have u thought that how much Leverage do u need to open like 30-40 trades with drawdown maximum he thepipster said 15% he has seen (he is telling more than 30% is impossible) ?
most of well regulated broker does not give more than 1:100 or 1:200 Leverage for metals spot like gold and silver.
armada is a good option it has spread only 10 in gold and they r giving 1:500 Leverage...
i m planning to run this ea in a cent account taking 1:500 Leverage in a broker ..
do not forget that this ea needs large leverage to open trades..

thank u ..
  • #178
  • Dec 3, 2014 2:00pm Dec 3, 2014 2:00pm
Quoting kashTrader
{quote} Don't know what you are referring to when you say crash? It is possible for the EA to fail. For instance if you look at the attached picture where I have drawn a rectangle roughly the size of the grid we are covering with our pending orders you will notice that we would have hit all our pending buys and sells. In that case it would fail.... {image}
Yes sorry I would say faild
  • #179
  • Dec 3, 2014 2:00pm Dec 3, 2014 2:00pm
My EA seems to have opened only 28 trades on each side. Any ideas why?
  • #180
  • Dec 3, 2014 2:06pm Dec 3, 2014 2:06pm
Quoting forexinblood
guys i can see the ea opening lots of orders ..have u think how much Leverage do u need to open like 30-40 trades ? most of well regulated broker does not give more than 1:100 or 1:200 Leverage for metals spot like gold and silver. armada is a good option it has spread only 10 in gold and they r giving 1:500 Leverage... i m planning to run this ea in a cent account taking 1:500 Leverage in a broker .. do not forget that this ea needs large leverage to open trades.. thank u ..
I use a broker that offers 1:300, which means about $4.25 per 0.01 lot margin, but, if an opposite order is opened, and therefore hedged, the used margin goes back to 0...just like hitting an SL-like I've already said.

No backtesting! (9th time I've posted this!) Just say no to drugs (and backtesting)

~Kashtrader, the first candle in your box probably would have went either up or down enough to close trades, and start over again from a low\high spot in the box...you'll only find out by demoing for a few months....or I guess we can crowd around Shiva's and watch money go in that pocket....just kidding...we need more explorers to give a better average, perspective, and comparison between brokers. You can see there is already considerable variance on the ones posted so far. Just don't sweat this one to death, it needs some time.

Your broker probably doesn't let you open the closest trades, minumim distance rule
Too close for pips, switching to points.
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