I have 30 orders per side, is that too much? i am afraid to put only 10 and then they can not recreate more to as the price continues moving against my orders
What is the real diference between limit and stop orders?
thank u so much
ouch, do not use this EA on high impact news. my demo got a huge dent now.
The first spike was ok and close with profit but than on the whipsaws a lot of pending was triggered, buy and sell and end up with a huge lost.
next big news i will try to hit the Stop next cycle button and check what happens. 10 min after is safe to turn on again.
I use the two type of orders with 30 orders per side and it was great, more than 2K in demo using limit and stop orders
Dear creator of this system
Is better to use only stop orders in news? or limit?
I am just passing some experience to help others, i did not like the result and will stop the EA on FOMC and NFP events.
Better safe than sorry, this system looks profitable enough in other times.
btw from what i noticed so far (and i run it 23hrs ending running so far 24 because of open orders)
1) you need a broker with max 1-1.2 pip (eurusd) spread (incl commissions) more than that its at best "slow" at worst "dangerous"
2) it would be nice if you have a broker with "rational" swaps and not the "crazy" swaps many brokers have... i use activtrades (but on demo)
3) its better if recreational orders are more than 1 (havent found the ideal number so far)
4) start with a few orders per side (i have 2-4) with recreationals
5) use the stop orders is better even on "major events" like today... with FOMC (one of the reason i started it 18 hrs before that)
6) DONT BE GREEDY (simple as that)
so far it works ok...on demo... but will see
it would be nice if we could discuss ideal setups
btw have anyone noticed that the amount shown on the "last profit" and "biggest profit" is not the actual "printed" in the account? i always see a higher number by far than of what i see on the executed closed orders (and has nothing to do with swaps and commissions)
thanks... ironically this scenario became real during FOMC i am still "leaving" it running to see how it will "move forward"
But anyway, for real, don't be greedy. big spread doesn't mean it will not work. It will work, just that we need a wider gaps, bigger balance and less lot size. Of course the target / profit must be appropriate as well.
I was working with the broker with bigger spreads, it was still ok. Just that don't put big expectation with bigger spreads.
stop = you expecting the market is the same direction as your order
means, if you do buy limit and put 10 pips lower than the current price, you are expecting the price to go down 10 pips, once touched, you will expect market price will retract up (like U shape)
stop is otherwise.
As of now, you have to set as much as possible but don't sacrifice the performance. 30 - 50 I think still ideal enough.
well i didnt say it will not work with big spreads... but if you end up on a vicious cycle of recreational orders its going to end up in a nightmare (waiting for it to correct)... and thats without the spreads....
i am using a broker (demo) with big spreads, one with low and another one with "no" (minimal) but the latest with commission
but the kwd is that... the lowest the TP the more cycles (from what i understand so far) the better.. especially if the TP is completed 70-80% of days cycle without "hitting" more than one pending....
radityo.ardi could you please check the PM i sent you just now? thanks
Is this the same settings as GT1000 or you modified it (of course other than the time parameter)?
I am doing some backtests with dukascopy 99% data.I am testing from Jan/01/2015 till May/31/2015 , stop order .I found no matter GT500 settings and other custom settings, the account would doom between Feb.06 -- Feb.26 eventually.
I checked the daily chart ,found this:
So sideway market is fatel to stop order stategy.
I checked radityo's GT500 explorer,it starts from Mar/28.
Let's check daily chart,we can see market show middle trend since March:
What I try to say is,this stategy is still need to improve,especially on how to avoid get stuck or what to do if we get stuck.
I don't know anyone get the same test result,correct me if I am wrong.
Backtest is actually meant for EA programmer to test whether their EA is executing correctly without having the needs to do real time trading, or waiting the price to break at some level which you would not be able to test when doing the code.
Here are the disadvantages of backtest in my opinion:
- can't simulate dynamic spreads (spreads can be dynamic depends on the market situation).
- can't simulate with commissions and swap
- Potential bug or something funny (I don't know)? At some timeframe, GT500 definitely will break like what you have seen. But, what I have found at Jan 2014 to June 2014, GT500 breaks due to the starting lot and target dynamic. If I set to Fixed all the time, it was fine.
- can't simulate the latency between your MT4 and broker's server
- can't simulate slippage (even forward testing with demo account, you can't simulate slippage)
But to me useful to find the best settings for this EA for some period of time.
Alyle you are right and wrong at the same time... its the way and nature of how this works that no matter what sometime it will get "unstuck"... its what i mentioned about the high spreads+highswaps broker accounts... i have one right now stuck after the FOMC... the second unstuck approx 4-5hrs ago... and the third one i experimented a little bit (for example i placed my own orders to see how the system will behave etc) and i ended up "unstuck it" myself
as i mentioned above from what i sensed so far...you need NOT to be greedy ... moneymgt and profit/pip settings mgt is going to be very difficult... but i believe once done you just "let it run"... especially from what i saw today with a very dangerous day which was not one direction....
the issue for me is how it will work on a "live" account, because demo from their nature are working on an ideal environment... but on real accounts you have mt4 connection/disconnections (which can vary from a few times per day to whatever per few days)... connection speed (which can vary)...feed speed (especially on important days like this one sometimes can be sluggish)... not to mention about orders getting filled or closed when needed.... (and many other things)
so one has to find an ideal setup and get it more improved on a real account shall he/she decides to move it from demo to real...
and a broker selection should not be left at random
Thanks for you reply.To get it work on live account ,and which works for long term,is what I am trying to do.
A more question. If we have to unstuck manually, do you think there will be a proper time to do it,which will minimal the loss? eg 7 + negative orders , or price bounce back XX pips , or price get though initial price X times , all orders tiggered ? Just some disscus.
what order is this? limit or stop?
thats all i would advise .... NOT to unstuck it yourself... it makes things worse and what i mean by that.... either
A) you close ALL orders (with the available on chart order) or
B) you place a sell/buy order as such on market...
both ways you stand to lose on
a) (based you dont close on a profit which you wouldnt because you shouldnt be in a "stuck" scenario)... so you close them at a loss....
i)you need to have a positive impact (btw you have to close all orders + manually the one you placed as it will not close by the "force close all" but generally)
ii) you will end in an uncontrolled hedging environment (trapping gives you a controlled environment -as long as your broker allows hedging) and hedging is not a very easy thing to do.
as i said you need patience to "let the system run it self" as long as its needed sooner or later it will "untrap itself" (based on what i saw especially with FOMC)
out of 3 demos ... i mentioned above what happened.... the other one is still stuck but with little volatility either up or down it will find its way
overall my suggestion.... setup a low profit fixed or dynamic multiplier and a moderate lot multiplier (in case not fixed as well).... and "leave it"...
bare in mind above all on my experience and on demo... i am sure it will have issues on real account... but on the other hand there were issues on demo... just need a few trial and error once you get it work you just "leave it"....
does anyone has experiences on VPS? how they work, how you work with them .... any issues or reliability... what to look for what to avoid etc? i am clueless how VPS work in this sector (although i have experience with servers but not trading wise)
could you please check this screenshot?
last profit and actual last profit doesnt match...
also another question
what is "dynamic target"?
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