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Attachments: First look at Ematrader's latest EA
Exit Attachments

First look at Ematrader's latest EA

Here is a very simple EA that has some code that I think you may be able to integrate into your EA to solve some of your programing problems.

Enjoy.
Attached File(s)
File Type: mq4 Scalper.mq4   10 KB | 512 downloads
File Type: ex4 Scalper.ex4   11 KB | 373 downloads
Quoting usdivers
Here is a very simple EA that has some code that I think you may be able to integrate into your EA to solve some of your programing problems.

Enjoy.
What would be the settings for the attached EA?

福 子 Victor V
Hello Everyone,

Happy new year everyone and may this year bring you more pips and less drawdowns...

I am programmer and have had a hand in doing lots of coding on MT4 here and there..

I need to bring to your attention something about EAs...

Whatever EA that your program and find successful without SL will eventually blow your Account because of difference in Equity and Balance curves..

I wrote several EA and was amazed by how well they do on Strategy tester... and I came to 1 single conclusion...

If you need a good EA then u need an EA that requires human intervention...

Ematrader presented his EA and yes it is working and works very well but u need to work with it too not pure Auto.

All my EA and EA I program for people I ask them to manage the trades WHY? too much assumptions that EA makes are what we hard code to it so some might not be exactly what we need.

Time period are not relevant to working of an EA, your decision on when it should trades are what are very important...

My advice to Ematrader... Look @ the direction of Higher TF make sure you are not against them @ all cost because TREND is ALWAYS YOUR FRIEND it will get you out of Err eventually..

Just my 2 pips brain...

SmartFX
hi and happy new year for all too ,

i have an ea and its great on working with no sl , i mean that maybe u r wrong sir
Quoting fadi66
hi and happy new year for all too ,

i have an ea and its great on working with no sl , i mean that maybe u r wrong sir
Nope I am not wrong if u play any EA without SL with a period and the test ends before the trades come to your direction it will surely have that angled end we are seeing people posting here...

If it is working ok it means trades are always closing in your direction or you have counter measures which any smart person must put.. Some will martingale and some will hedge depends on you...

SmartFX
Quoting dil
i have better ea on live 100% a month
What, can't come up with anything to prove it? Photoshop quit working?
Quoting nanningbob
Oct. 2008 had the biggest moves ever in Forex, at least in the last decade. That month was an aberration not the norm. No EA or trading system will survive that month unless it was lucky enough to be on the right side of those monster moves. The problem with backtesting is it does not show what can be done in real time. I dont recommend running an EA during certain news periods and many will do fine if you follow some basic rules. All EAs are based on some kind of indicators and indicators do not show or predict big news movement. If on Jan 4, 2010...
No trading strategy? Lucky? In october alone that month I made more pips than a normal year... I wished every month was like that particular October you speak of... I raked in almost 12,000 pips that month alone !
Quoting salvador_
No trading strategy? Lucky? In october alone that month I made more pips than a normal year... I wished every month was like that particular October you speak of... I raked in almost 12,000 pips that month alone !
12,000 pips. Live or demo? Full lot or .01 per pip? Not being negative but I've traded for 5 yrs and never made more than 950 in a month trading full lots live. Care to share your secret?

Clarification: 950 pips were made once in Jan 2009 trading gbp/usd and Eur/usd and it was somewhat lucky as eur and gbp dropped dramatically in Oct 2008 with fall of Bear-Stearns. I average about 200-275 per month....if I'm lucky.
txtaz
Quoting txtaz
12,000 pips. Live or demo? Full lot or .01 per pip? Not being negative but I've traded for 5 yrs and never made more than 950 in a month trading full lots live. Care to share your secret?
950 pips a month will do me!
Quoting salvador_
No trading strategy? Lucky? In october alone that month I made more pips than a normal year... I wished every month was like that particular October you speak of... I raked in almost 12,000 pips that month alone !
I was talking about EAs. Most of them either got killed or had record hauls. My point is EAs are indicator driven but major News stories overide indicators. That is my point. If you back test an EA and it fails during the month of OCT 08, it doesnt mean it is a bad EA just that it is not designed for major news events. That is the point I was trying to make. Sorry if that wasnt clear.
Quoting SmartKenya
Hello Everyone,

Happy new year everyone and may this year bring you more pips and less drawdowns...

I am programmer and have had a hand in doing lots of coding on MT4 here and there..

I need to bring to your attention something about EAs...

Whatever EA that your program and find successful without SL will eventually blow your Account because of difference in Equity and Balance curves..

I wrote several EA and was amazed by how well they do on Strategy tester... and I came to 1 single conclusion...

If you need a good EA then u need an EA that...
I agree. My experience with EAs over a 3 year period is you need to know what the trading philosophy is so you can overide it (human intervention) when something happens that the EA cant handle. That is why buying an EA without knowing its weaknesses (all of them do) is a recipe for a disaster. Actually I have done better countertrend trading than trend trading because price will always retrace but the trend may not. You dont know when or where the trend stops or starts and when you recognize a trend it probably will change when you enter. Peter principal thing.
As with any Trading Strat: EA to be Successful:

It does not have to trade... It has to let the market come... It should not chase the market...

Any successful Forex Trader know that this are the Key of any Trading System:

950pips a month I will live like a King.. 12000pips a month well I will buy the moon...

SmartFX
I guess the OP has gone missing?
You are in a maze of twisty little passages, all alike.
Quoting emmanuel7788
Hi Ematrader,

Thanks you for the new version EA. I tested it according to your setting - without SL, TP 30, TS 18 using the time period 01.012008 to 31.01.2008.
The reults looks good until the last trade#98 which show a huge loss.
Please let me know what went wrong.
Thanks.
Emmanuel
To me this picture looks just like MARTINGALE
http://www.forexfactory.com/attachme...8&d=1262441491
"Hate the sin, love the sinner." - Gandhi
Quoting salvador_
No trading strategy? Lucky? In october alone that month I made more pips than a normal year... I wished every month was like that particular October you speak of... I raked in almost 12,000 pips that month alone !
Hi, first post here but I would like to ask what growth you saw from 12,000 pips? What were your position sizes? 12,000 pips can be the same as 1,200 pips if using different MM.

Regarding EA: I guess the manual is no longer forth coming?
{Promotion Removed}
hii all , just for the EA i hope that its a good one but to confirm success of the EA as a traider for 8 years with an experince i have a graet method to test the EA for any period we need and then we can se the real result and start making money my laydies......
Quoting txtaz
12,000 pips. Live or demo? Full lot or .01 per pip? Not being negative but I've traded for 5 yrs and never made more than 950 in a month trading full lots live. Care to share your secret?

Clarification: 950 pips were made once in Jan 2009 trading gbp/usd and Eur/usd and it was somewhat lucky as eur and gbp dropped dramatically in Oct 2008 with fall of Bear-Stearns. I average about 200-275 per month....if I'm lucky.
making a thousand pips a month is not so hard. all u need is discipline and understand hw market move. on the minimum i make 500pips a month, by the way that my monthly target and i risk around 10% (awesome ryt) dont be surprised. i learnt this by blowing several account but now im there.so making 12000 pips a month by trading purely mechanical method is more than possible.i have made 5000pips before.i dont use a complicated system but a very very simple methods.i dont realy believe in stuffs people say around here and all the books i have read. if u wanna know more u can pm me.
let me give an example. GPBJPY move an average of 500pips on a 4hr swing and that happen let say 3 to 4 times a month. if u can catch lets say 100 to 200pips of that, do the math what will that be in month???and lets say u trade two pairs. u can see its very very possible
Quoting txtaz
12,000 pips. Live or demo? Full lot or .01 per pip? Not being negative but I've traded for 5 yrs and never made more than 950 in a month trading full lots live. Care to share your secret?

Clarification: 950 pips were made once in Jan 2009 trading gbp/usd and Eur/usd and it was somewhat lucky as eur and gbp dropped dramatically in Oct 2008 with fall of Bear-Stearns. I average about 200-275 per month....if I'm lucky.
live

risking 1.5% of equity per trade, so the lots vary. Please understand that I don't want to disclose the size of my account.

there's no secret. It's simply following price. i buy strength and sell weakness.

of course October was an abnormal month and 2008 an abnormal year... i don't ever expect to get that results again...i wish.

Although 2009 was more normal it still managed to get an average of 900 pips per month, May and July were the biggest months with more than 1500 pips each.

best wishes of a profitable 2010 to everyobody
Quoting nanningbob
I was talking about EAs. Most of them either got killed or had record hauls. My point is EAs are indicator driven but major News stories overide indicators. That is my point. If you back test an EA and it fails during the month of OCT 08, it doesnt mean it is a bad EA just that it is not designed for major news events. That is the point I was trying to make. Sorry if that wasnt clear.
i guess it depends on the EA's.

if we're talking the normal and common EA's of scalping etc like fapturbos and megadroid's of this world, i would agree with you. but my strategy is simple enough to be transformed into an EA and I'd bet the results would be very similar to manual trading. it all depends on what the strategy the EA is based on is.
Quoting PipSqueeze
Hi, first post here but I would like to ask what growth you saw from 12,000 pips? What were your position sizes? 12,000 pips can be the same as 1,200 pips if using different MM.

Regarding EA: I guess the manual is no longer forth coming?
i know. Pips are not important because one can have positive pips and have a negative P&L or negative pips and have profits to show. it only makes sense stating pips if we use the same position size for every trade. For someone that has a variable position sizing etc it's the bottom line that matters.

anyways if i remember correctly without reaching for my records, october increased my account around 100+% risking 1 - 1.5% per trade.

sorry for the several posts in a row
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