Hi TCO and all,
Should i set a specific magic for each pair?
Best regards
PT
Should i set a specific magic for each pair?
Best regards
PT
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Disliked{quote} Dear Erebus and all people here (starting from TCO, very nice EA, indeed! Clear coding, easy to trace...), congratulations for your results, and best wishes that this will go on. Being used to verify and self-test things, I have a question open. Looking in your trades in Trade Explorer I find something that I cannot easily reconcile with your "break even + pips" statement above, at least without further explanation. My interpretation, so far, is that you change the stop loss to breakeven (=entry price) as soon as trade reaches +10 pips...Ignored
DislikedDEMO ACCOUNT REPORT $100,000 Account opened June 5, 2013 - first traded same day, so 8 days results All statistics available in Trade Explorer, click on Trade Report and see much of what is here & more Summary: Profit +$20,000 - Open trades +$8,500 Closed trades 157 Win Ratio 73% - using break even +10 pips so not sure if this is skewing the win ratio, any Quants reading? Take Profit / Stop Loss is 1 ADR or ATR of Daily price data : RISK is 1% and Max of 2 trades per pair My logic behind this is that the W%R catches retracement entries perfectly...Ignored
Disliked{quote} ---------------------------------------------------------------------------------------------- Erebus: hi! On your settings (post#226), under discretionary settings, shows GoLong=False; GoShort=False. In this last image, it showing , direction=Sell (AUDNZD). As TCO explained earlier, when EA trades with discretionary trend settings like shown here (AUDNZD), EA overrides long trend settings (1440 trend), right. My confusion is , whether these results obtained are based on discretionary trend settings or other way. Have a nice weekend! Regards,...Ignored
Disliked{quote} You are confused? Mate, you have me confused !!! AUD-NZD is a SELL - is it not? by the 20 / 50 rules! ALL the trades shown in the Trade Explorer or any report I have published are taken strictly by the EA running by itself on a VPS. And take note - it is the original TCO Multi Strategy EA which did not have those settings of GoLong / GoShort The image I posted was taken from local computer using the new EA, I was just sharing the settings in use I am in the process of moving the account to another VPS, so I will update to the current EA...Ignored
DislikedIt would be good to put an option to take trades based on profit distance in pips and not in Time delays. it doesn't really make sense adding 5 or 7 positions 10 pips apart and this is because it won't matter how you set the "Order Delay" setting. The break out can happens now, 6 hours, or 2 days apart. I think a 50 pips distance condition should be ok before looking again at the Overbought oversold condition.Ignored
DislikedHi TCO and all, Should i set a specific magic for each pair? Best regards PTIgnored
DislikedQuestion on Dynamic Lot Size. If it is set to 1% of equity then the EA has to base the lot size on the SL that is specified. Correct? If the SL is 500 pips and the equity is $1,000 then no trade would be opened. The minimum lot size is .01 lot. That would be a risk of $50 which exceeds 1% of $1,000. Am I on the right track?Ignored
Disliked{quote} 1000 * 0.01 = $10.00 $10.00 is maximum loss per trade. SL = 500pips 10.00 max loss per trade/ 500 pips = 0.02 lotsizeIgnored
DislikedHallo friends, Erebus, thank you so much for the kind reply although mine was a dumb question. Now, just going on with preliminary analysis. And, surely, not to rain on your parade, but, you know what happens with your set on long-time testing, isn't it? In spite of that I think the tool is really promising, and I will work (on my own) on it for quite a long, I think. I cannot ensure any timeline ...cause I'm a quite busy man and often travelling for the job (so few time for sitting down and programming). But, if I manage, I will try...Ignored
Disliked{quote} HI MKFX, Tick Mode - Looks for trades opportunities on every tick (More resource intensive, performs all calculations on every price change) if you set CheckOncePerBar = false & WPR_Confirmation = false, will take the trade as soon as WPR dips above the OB or below the OS. if you set CheckOncePerBar = false & WPR_Confirmation = true, will wait for the dip to come back before taking trade. I hope this makes sense. Kind of hard to explain. But there is it is. As far as stochastics, it wouldn't be hard to add the code, just adds more...Ignored
Disliked{quote} I understand your explanation very well. Just want to clarify the tick mode. If we set it up as tick mode with check once per bar to false and we set WPR confirm to True. What is the behaviour of the EA? Does the previous bar need to close inside OB/OS zone FIRST b4 the current candle that exits OB/OS levels triggers the trade? Just want to clarify/confirm. Also there shouldn't be any problem with the EA if we change OB/OS levels instead of keeping the default -80 and -20? Correct? Thanks again TCOIgnored
Disliked{quote} .01 lot = 10 cents per pip. 500 SL = $50 .02 lot - $100 If I had it set for 1% risk on $1,000 equity, I assume neither trade would be taken.Ignored
Disliked{quote} Hi billbss, 1000 * 0.01 = $10 is equivalent to 1000 * 1% = $10 0.01 in this case refers to your 1% of risk nor to 0.01 lots. with regards, MaudurIgnored
Disliked{quote} .01 lot = 10 cents per pip. 500 SL = $50 .02 lot - $100 If I had it set for 1% risk on $1,000 equity, I assume neither trade would be taken.Ignored
Disliked{quote} Hi MkFX, yes the previous bar will have close above the OB or below the OS. You can set the OB and OS levels to anything you like, that is why I made them parameters. Thanks!Ignored
DislikedThe most striking effect of your live test is that you had a very consistent edge in reaching those "damned" 60 pips before touching the stop loss, and this is very promising. My idea (and more to come) is to: 1. Change that hard number of pips before trailing at breakeven in something adaptive (= relying on market changing dynamics), i.e. just making it dependent on ATR 2. Having the possibility of fine tuning the SL & TP levels as said. 3. With those in place, systematically measure the accuracy of the system at different levels of R/R (and...Ignored
To everybody!
PLEASE CONSIDER THAT I HAD VERY LIMITED TIME TO TEST THESE FEATURES. I can only say that „under normal conditions“ they seem to work. Use at your sole own risk! I decline any responsibility. (I.e.: just demo, demo and again demo!)
I have anyway some specific questions, for you TCO, about your code.
Rows 151-157, CheckOncePerBar true test:
if(CheckOncePerBar == true) { Check_New_Bar(); shift = 1; double BidPrice = iClose(Symbol(), Lower_TF, shift); double AskPrice = iClose(Symbol(), Lower_TF, shift); //why the hell? BL }
UsePoint = PipPoint(Symbol());
if(result == false) { Sleep(0); //why the hell? BL }
LastOrderTime(...)
// Place Buy Order int Ticket = OrderSend(argSymbol,OP_BUY,argLotSize,MarketInfo(argSymbol,MODE_ASK), argSlippage,0,0,argComment,argMagicNumber,0,Green);