how is it going? Is anybody using Pippo on a live account? If so how are your results so far?
After some observations I made some progress trading MML manualy.. Is it possible to code Pippo as multi TF MML EA where on 4H TF price reaches 8 level and the pippo switch to lower 5 or 15 minTF to place a Pending order.?
The same behavior with reentries when the price goes against us..
Choosing timeframes could be variable (generaly there is not too much difference between 4h+5min or 1H+15min)
If it would be too complicated to code forget it.. I stick with my manual trading with less pairs..
It's behaving perfectly so far - no pending trades missed and all trading logic seems fine. Love this EA - just can't wait for the new version which uses less computer resource so I can expand the number of pairs traded.
To clarify or me.
You mean that once the price on the H4 TF reaches the MML8 line then switch to a lower TF (5 or 15 mins), where the MM Lines will be at different levels and look where the price is now in the grid. Set the pending orders to trigger based on the lower TF MM Lines.
If yes, I guess you are using the higher TF as a filter and MML8 would be the trigger for short trades and MML4 would be the trigger for long trades?
I'm not sure how difficult this would be to code, but if you can clarify I can check it out.
P.S. I'm assuming this manual method is working well for you?
I thought about doing this, but haven't tried it yet. Dietcoke knows what the problem is, so I'm waiting for/hoping for the new release soon before I have to settle for work-arounds.
As far as I can see, V18 is fine apart from this issue. I love the way it allocates a new magic number once a set of trades is hedged so it keeps on reaping the pips ... and the limit & stop order combo maximises every pip of profit. Both are excellent additions to original Pippo
To be honest, I haven't tried any of DC's versions yet. I wasn't able to get the first operational due to the separate Indi needed. I wait for the new one to give it a try.
In the meantime I'm still running a demo with Steve's very first version which performs great, especially on oil and gold using FXCM. See www.mt4i.com/users/gertje-fxcm
Nice results ! We had a lot of versions here during the last months ... could you plz give a link again to your ea version/setfile YOU use ?
looks very nice for your demo result, but in the meantime I try the Stev last version the performance not good compare with your result, could your share which versoin and the set file that you are running now.
With FXCM, Oil and Gold are only tradable with full size lots [which are 10 ounces, barrels or whatever. It's 0,10 lot compared with Markets etc.], so there I changed the lotsize to 1, 2, 6 and 12.
Pippo 20110608 1.mq4
Yes. I trade MM Lines manualy (when I have time to check them).
Sorry for not express this properly. Basicaly Im waiting for reversal on lower TF.
Price on 1H has reached 0/8 support line (I trade only 0/8-8/8 and extremes) so as the price are going down we are looking to place Buy pending order.
I switch to 5M tf and im waiting for reversal. Im looking till the candle goes through the nearest MM Level, it is not important which one it is.
Once the 5M candle breaks a level I place BuyStop pending 2 pips+spread above the high of that candle. If the pending is not filled it usualy means that trend continues and high of next 5M candle is a bit lower so I modify my pending and place it again 2pips+spread (this could be variable) above new lower high and i do it again and again till the pending is filled. Sometimes i place 20SL and MPTM to place BE when +20 pips or i let it run without SL. MPTM BE when +20 is running to manage all my trades all the time.
Now as i am thinkig about it for EA you do not need to code MultiTF MM EA. I think weŽll get same result when price reaches extreme on Higher TF we can start place pendings above/bellow highs/lows of lower TF.
It is just me who needs to see the lines all the time when im manual trading it..
I had done some demo on my vps and encountered a lot of errors:
EURGBP - OP_SELLLIMIT order send failed with error(130):invalid stops.
Could you solve it for us.
See here for more info:
Answer from mladen:
The most probable cause for the error you are having is that your broker is an ECN / STP broker
When opening orders on ECN / STP broker you have to do it in 2 steps instead of the usual 1 :1. open an order WITHOUT SL and/or TP
2. Modify the order opened that way by setting your SL and/or TP
Could you give us an update on your current version Pippo (18 or higher).
Its free of course but if you get ritch becouse of it give me some money
I won't be continuing any work with Pippo.
Basically, having run it on test in various scenarios, eventually it "always" has you jumping through hoops to recover from massive drawdowns.
I know that plenty of you are comfortable with this no stop type of trading and recovery but it's not something I can trade.
I do believe that Murrey Math lines can work as S/R, just not in this format and it is likely that at some point, I will look to code something that uses them.
If anyone is interested in taking this forward, I'll post the latest code.
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