Some of us are on broker with +3 !and some on +2
I guess moving forward I'll be using 6 and 21 for the time settings for PDV_1031. It makes a few more trades but the profitability remains the same (testing from Jan 1st to today, 2019). Net profit is a bit higher from those extra trades anyway. Welp, good luck with the buy order for everyone who got it, I guess I'm sitting this one out lol
The EA checks the trading hours set against the current broker's time. So when our orders opened at 17:00 GMT, your broker's server time would have been 05:00, which would explain why it didn't open an order.
I would recommend double-checking your broker's offset and using the new Broker Server Offset parameter to obtain the correct time window. e.g. if your broker offset really is -12, then set the start and end hours to the default of 07 and 19, and then enter -12 for the broker offset and you should be good to go.
EDIT: I've made a small change to display the current server time on the info panel. Hopefully this should make things a little clearer for users. I'll upload the change over the weekend.
stop loss: 80
take profit: 100
trailing start: 18
step : 2
I think the settings are pretty good but I am doubtful because 99.90% have not ticked the data Thank you
I have got the reason why it is able to make $400 to $1000000 in 9 months It is not the settings.
It is the Leverage and lot size calculations. As consecutive losses on this is 1 at any time, it is actually using your high lot calculation using leverage and making big profit. I am testing it with 500 leverage. Will post the result file.
With those high numbers, you can always withdraw your profit and let the EA run its own course.
It is doing in real the same, now i understand, why lot calculation is so high on my real account on Ulite_3 with 10%.
Point I outlined on 104 upgrade list- lot calculation, based on advice by one of the users here, will play significant role in returns.
We also need to think about keeping our SL & TP hidden. These are heavy pips.
Please only traders who have experince are invited to reply..
After years of discussion on FF about not using a stop loss and replacing it with dollar cost averaging or keeping the loosing trade like inventory untill the price comes back again, who would agree?
And of those who agree, who can share their own real results
I used 1: 300 leverage, so I could not get such results. But I saw the dynamics on the chart, so I was interested in the indicator of continuous losses, and of course the drawdown. What I do not like about LITE_3 - a tangible accumulation of profit begins to occur only towards the end of the year. And I do not know how to make the accumulation of profits smoother ... (
P.S. What do you mean when you say to hide SL and TP? Hide them from a broker - make it virtual, or something else? Sorry, English is not my original language)
Now for the apology...I think there may be something wrong with the time filter code!
I copied Pawel's original code to begin with, and amended the calculation used, but I didn't think to check the MQL4 functions used. The time filter uses the function "Hour()" to check the trading times, but the MQL4 documentation says that this is the last known server time "when the program starts and is not updated while the program is running".
If this is correct, then it is a lottery as to WHEN you start the EA, as that will be the hour that the program thinks it is...all the time! So, if you start the EA out of trading hours, it will always be out of trading hours!
The problem with this is that this doesn't work this way in the strategy tester, so for a developer who doesn't know this, the EA LOOKS like it's working when tested but when run for real, it doesn't.
I've amended the time filter to use the correct functions "TimeHour(TimeCurrent())", which IS updated on every call, and will post the new version later today.
Point i mentioned on Virtual SL & TP, it is mainly to hide from Broker. ECN brokers, we will not have problem.
That is on the wish list.
Now lets spend time on improving on our losers.
1. Point i have noticed when analysing losers is, they are stagnating for more than 8-10 hrs before falling to death.
2. May be we bring in a parameter for input hours- say i can input 6 or 8 or 10
and EA checks how much is difference in negative. If negative is more than 5pips, it closes the trade, if it is positive, let it ride. that way we can test and see if it minimizes the losers.
Our EA calculation of Moving Averages Gap between fast and slow, is accurate from August. because of Big Swings. before that it is just ok, with still winners more than 60%. so we may have a good one even then, if we can minimise losers.
On winning trades, within few hours, it is going into first modification on trailing stop. So, if we dont have positive pips we can close such trades. lets see @feex or @PaulDv can put this into working.
To be honest, your comment raises several things in my mind that I think are worth pointing out:
When your account gets to being several hundred thousand in size (if you get that lucky!) then you should employ an 80/20 rule: pull out 80% of your capital and save it in a non-broker account, and then gear your EA to trade the remaining 20% as though it was the 100%. You will probably need high leverage for this though, and may have to play around with the percentages to make this work (maybe 50/50 will be enough for you). But the idea is that you protect your main capital, and if your trading account does suffer a wipeout, you still have capital to start again.
© Forex Factory