DOS. Daily Open Strategy. Easy To Trade, Simple To Win (EA..soon)

ghwatson19:
Hey how are you doing! Please explain with detail what happened. Mention all the inputs as they were and also mention how many trades were opened..etc etc.
Give as much detail as you can so I can determine what the fix can be. OR if you have an idea of the fix would be best, I can implement that too.

Folks:
I do not do updates on EAs that I worked on prevoous, anymore, BUT when it comes to MM errors.. then that is important and must be placed under control. This I will deal with, cause its the most important part of trading when it comes to automation. PRESERVATION OF CAPITAL!

I'll be back in a couple of days to see any responses to this issue.

Take care
Jess

your indicator has potential, I've run it on 5 min chart, feb1st till now, settings 5, used ma34 as trend plus supertrend (20,1) as second trend, ma is acting as stoploss as well, profit take 10 pips, lot 1, maybe was high for 100k.
Some fine tuning could improve outcome ?
Might try it on demo, will let you know if so .
thx!

May you write me pn? I will not spam this original DOS thread

Dear DOS experts
I did some adaptions to the original DOS system. Backtests look like promising. 1day timeframe look best but even 4h and 1h is worth for deeper investigation.
If someone want to collaborate just pn me. I think the thread owner will not have discussion here about other systems than his original DOS

Best hundsbua

Hi folks:
Version 4 is avaiable for download. You can download it from github.

https://github.com/xmess7/Daily_Open_Strategy

Updated the MM portion of the code. I noticed that it would not handle open grid trades that happened AFTER the tradehours had expired.
If you are running this EA 24/7 then that would not be the issue. In any case the EA is performing very well. Smilee's approach is fantastic!!

Let me share what I am doing with the EA. Just this Monday, I started a prop firm 30K challenge. Its has a 60 day trading day limit and the usual DD rules. Like all other props they are just about to offer unlimited days. In my case I don't have that option but I do have unlimited retries if the account is positive at end of challenge .

Ok enjoy! Yes! I will keep you guys posted on the challenge, win or lose or repeat!! LOL.

Jess

Oh DUde, sorry I missed this post!!
My friend you are then the ONLY trader that I know of that uses that Maddash. I took it off cause I just didn't see anyone talking about it or using it.
I'll see about making a separate version that will include the Maddash featture. Be patient.. I got alot on my plate these days . Its hectic but it is good hectic... lol

PM me from time to time. I usually take a peak at the PMs more often than visit threads..
Jess

PROP EA PRESET.

I thought I had already posted this information. I have placed all the info and presets in github
You can find the preset files and info here:
https://github.com/xmess7/Daily_Open...n/myPropPreset

This was this weeks results.

VERSION 5 Update

Folk:
Version 5 is ready for use. Please download it at:
https://github.com/xmess7/Daily_Open_Strategy

// -Adjusted OrderCloseShort() and OrderCloseLong() error functions. Got rid of annoying error.
// -Changed TP from type int to double. User can now enter decimal places for TP
// -added code to allow for proper calculation of point/pip size. User just enters pips for forex/ points or handles for CFDs/Futures/Stocks
// -Added coded to allow for users to enter greater startTime than endTime

For those of you that have brokers that deal with points all u do is enter the PIP equivalent. The EA takes care of detecting if the broker uses points or pips.
For users applying this to CFDs/Futures/Indices/Stocks all you do is enter in points or handles the stop/take you require. For example if the future inetrument has 2 digits, you can enter 20.22 handles. This means that you want prie to moce 20.22$. If the broker supplies 1 digit then similarly you can enter $10.3. The of course, 0 digits you just enter $100. The EA takes care of making any required conversion etc etc.

Oh and if you do ues the PRESET I provided I recommend, just for now, that you set
maxPercentStopLOSS(%)=3
This will at the leat protect your account from having one pair run away.
Next version Iwill have the maxPercentStopLOSS(%) to encompass all the charts where you run the EA as a basket.

Take care and will post update of prop firm results by end of week.

Jess

Folks:
This week EA on prop firm ended up with 2.45%, So for the past two weeks we are now at 5.5% target is 10% I think... Largest DD was -2.77% so far which is under my 3% DD max limit. yea close, but even if it hits it, it is fine! There is nothing worse than to get a large DD in the prop challenges. Cause it becomes a very had thing to get out from.. especially with their RELATIVE DD requirements.

So, I recommend again, place 3% in the maxPercentStopLOSS input for each chart. Do this if you are using the preset and pairs I list in the download link.
Also do not change the pairs or TFS or add anything. You have to have TRUST in the approach. Unfortuantely some of users told me that they changed things and well they got disqualified from their prop challenges.

If you are familiar with ICT's videos, one thing that he stresses and I agree with, is that you have to TRUST your approach. Just TRUST that the settings and pairs will do the job. It's ok to stop the EA on certain days you see for example RED NEWS, that is ok, but do not change anything. Do not BACK TEST it. Just let it do its job. Think of it as a turtle. It is quiet and slow but it keeps on moving. LOL

PEACE and I hope this helps.
Jess

OH, if there are any errors please PM me or list them here.
Look at the log and post the two numbers that appear after the error, You will see the numbers in parenthesis.
For example
Error: Zero Divide (123,34)
I need the (123,34) so I can locate exactly where in the code the error happened.

Thnks
Jess

Minor update.
I noticed that the panel display still showed version 4, changed that to version 5.

No biggy but you can download the update if you so want to see the correct version on the panel

Peace
Jess

UPDATE 7.1

https://github.com/xmess7/Daily_Open_Strategy

Sorry for the delay. Been busy trading on prop and live accounts. Hey, you either trade or program full time !

Many changed and updated. This version can now be used on US brokers. Been testing it on small Oanda account. Check out the equity curve below.
Time Period (9/10-9/22). Please note. the DD on MT4 is not exact. The real DD was about -1.36%.

For those technically able here are the specs on the updates:

- v7.1 Created diff algo so FIFO close trades on same chart.
- v7.0 Added function FIFO feature for US Broker(only leverage <= 1:50)..
- v6.0 Special update, only for this version, created time and hour separations so he can use in strat tester
- v5.5 Added marginRequired test and fixed the lotzPerBalance error

UPDATE 10.1

https://github.com/xmess7/Daily_Open_Strategy/tree/main

Basically fixed FIFO rules for US brokers and added some additional safe guards.

I am running it Live now fow several weeks. DOS keeps on going... even with last weeks big red 3 News items, it did go into DD but when the smoke settled it recovered and made a small gain. What I recommend is not to trade on Big News days or you can trade a shorted session , 1Hr after the news. That way you won't see a big DD that gets close the the DD max. If you do hit DD max. I recommend NO MORE TRADING for the week.

Good luck ...
Jess

UPDATE V11

https://github.com/xmess7/Daily_Open_Strategy

Recent users are having issues when they place the EA in certain charts. This version just warns the user that they need to place the EA on one of the regular 28 pairs.
It also provides the list.


SO here's some new info concerning NEWS days. Whenever you see Red News days of USD (FOMC, Employment claims, CPI, Non Farm Payrole)
and/or US bank holiday. You can either tun of EA or set EA to these settings:
Set all to H4
Max DD -4.5%
GY - TP 40
EU,GU - TP 30
So far this setup has minimized the DD involved... even with the BIG WEIRD moves that the RED news provides.
After the red day is over go back the the whichever preset you were using.

BEst of luck and above all BE PATIENT!!
Jess

Update 12

Man, there are little issues that keep appearing. Remember folks this EA was coded by someone else. I am just trying to add functionality to it. So yea, there still be issues to come, but in general it is working. Anyhow NEW UPDATE..

https://github.com/xmess7/Daily_Open_Strategy

Here are the new changes and items:
- Update big candle filter: only use this filter when first trade is attempted not during a grid basket
- added maxTrades to input
- updated gridTP code so that EA only used gridTP for closing trades during Grid trading