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Fish Net Trading System

Hi xlitang,
I just want to clarify the input value of the EA.
1) PendingPips = 25 pips or 250 point for 5 digit decimal platform?
2) Lot Size = 0.1 lot (mini or standard ?)
3) Daily Profit Target = pip or dollars?
4) Slipage = 5 pips or 50 points?
5) What is Order Gap means?
Hope you can revert soonest.
Thanks and regards.
I want use EA when trend is in my opinion turning. So if I notice one pair of to turning into a trend, I connect the EA.

But when i identify second pair and connect second EA it dont open any pending positions. This second EA dont work at all.

Can this be due the drawdown or what.
Due to different volatility of curency pairs, maybe the fraction of daily ATR from n days would be a better idea than a fixed value for 'OrderGap'?
Quoting xlitang
Check your MaxDrawDown setting? Maybe it is set to low. no stoploss and trailing stoploss are available.
Hi Xlitang,

I have checked the MaxDD and the original was 0.02, so it should mean 2% right? I am using a 5 decimal broker and even i set it to 5% the ea still closes trade when it touches the first loss.

What normal MaxDD setting do you use?

Thanks man.
Quoting irbuu
I want use EA when trend is in my opinion turning. So if I notice one pair of to turning into a trend, I connect the EA.

But when i identify second pair and connect second EA it dont open any pending positions. This second EA dont work at all.

Can this be due the drawdown or what.
I believe the EA work as a whole for every pair that you specify in the parameter setting. So you only need one EA attached to any chart and let the EA trade as long as you named the currency pairs you wish to trade in the setting. So turning into a trend or not, the second EA won't work because the first EA has set up the pending orders already.
Quoting surewin
Hi xlitang,
I just want to clarify the input value of the EA.
1) PendingPips = 25 pips or 250 point for 5 digit decimal platform?
2) Lot Size = 0.1 lot (mini or standard ?)
3) Daily Profit Target = pip or dollars?
4) Slipage = 5 pips or 50 points?
5) What is Order Gap means?
Hope you can revert soonest.
Thanks and regards.

All in pips except Daily Profit target is Money. Order gag is the distance between each pending orders.
Follow me to the Promised Land
Quoting irbuu
I want use EA when trend is in my opinion turning. So if I notice one pair of to turning into a trend, I connect the EA.

But when i identify second pair and connect second EA it dont open any pending positions. This second EA dont work at all.

Can this be due the drawdown or what.
The EA won't open any pending orders if they is any existing orders regardless from what pairs.
Follow me to the Promised Land
  • Post #88
  • Quote
  • Edited 7:57am Sep 18, 2012 7:45am | Edited 7:57am
Quoting jacktrader1
Hi Xlitang,

I have checked the MaxDD and the original was 0.02, so it should mean 2% right? I am using a 5 decimal broker and even i set it to 5% the ea still closes trade when it touches the first loss.

What normal MaxDD setting do you use?

Thanks man.
it depends on your lot size. I would set it higher 0.2 for 20%. if we went into 20% drawdown that means we are doomed that market is trying to get us deliberately.
Follow me to the Promised Land
@xlitang
After the forceclose option is set to true and EA closes all pending orders then again it starts to place the new pending orders. The EA should not be placing orders till the forceclose option is set to false again.
Also more surprising is that when all the pending orders are deleted and even if the expert advisor tab on MT4 is disabled, still the EA continues to place the orders.
You think this can be fixed? BTW thanks for your efforts.
Quoting desi
@xlitang
After the forceclose option is set to true and EA closes all pending orders then again it starts to place the new pending orders. The EA should not be placing orders till the forceclose option is set to false again.
Also more surprising is that when all the pending orders are deleted and even if the expert advisor tab on MT4 is disabled, still the EA continues to place the orders.
You think this can be fixed? BTW thanks for your efforts.
Yes, It can be fixed. Expect an updated EA in next few days.
Follow me to the Promised Land
Set your net to catch big fishes instead of small ones. Let small fish alone to grow bigger.
Follow me to the Promised Land
Quoting xlitang
The EA won't open any pending orders if they is any existing orders regardless from what pairs.

I notice also when i open manually order so EA seems to count drawdawn both orders (EA and manually opened).
Could You fix it, that EA only count drawdown about the positions what it have opened.
Quoting jacktrader1
I believe the EA work as a whole for every pair that you specify in the parameter setting. So you only need one EA attached to any chart and let the EA trade as long as you named the currency pairs you wish to trade in the setting. So turning into a trend or not, the second EA won't work because the first EA has set up the pending orders already.

Thank You,

I understand what you said. I will test some more and try explain later what I meen.
Quoting xlitang
Yes, It can be fixed. Expect an updated EA in next few days.
Thanks, few more points for your consideration.
1) Profit target for open orders of a pair should be the same i.e., TP value for all orders should be the number of pips from the first order, example if the first buy order is say opened at 1.020 and TP input is 60 pips then TP value is 1.080. For subsequent orders at 1.035 and 1.050, TP value should again be 1.080.
2) If the profit target for an individual pair is reached, close all pending orders for that pair only and place fresh pending orders for that pair based on the market price at that time.
3) If the basket profit is reached then close all the pending orders and suspend the EA.
Hi, Xlitang

First thanks a lot for this very interesting idea.

I'm using your EA and I experiment a little problem :

I try to trade 10 pairs (selected by ATR(20) >= 80) and the EA stops generating orders when it reaches the 100th order that means 8 full pairs and 4 orders for the Ninth pair.

Any idea ?

TIA

Regards

BBF
BigBlackfeet Always on the(forex) war path !
Quoting xlitang
Set your net to catch big fishes instead of small ones. Let small fish alone to grow bigger.
Best chances to catch big fish is to set the pending pips larger from current price? or the bigger the price gap the better?

I find quite often the trade triggered easily when its just 10 pending pips and most the time it end up losing.
Quoting desi
Thanks, few more points for your consideration.
1) Profit target for open orders of a pair should be the same i.e., TP value for all orders should be the number of pips from the first order, example if the first buy order is say opened at 1.020 and TP input is 60 pips then TP value is 1.080. For subsequent orders at 1.035 and 1.050, TP value should again be 1.080.
2) If the profit target for an individual pair is reached, close all pending orders for that pair only and place fresh pending orders for that pair based on the market price at that...
You can use TakeProfit setting to 60.
Follow me to the Promised Land
Quoting xlitang
You can use TakeProfit setting to 60.
That's what I did, but TP values are 15 pips apart for three buy orders i.e., 1.080, 1.095, 1.110 (just putting these numbers to give example)......I want all three TP values to be same 1.080 so that all orders for that pair close together, delete pending orders and EA place a fresh lot of pending orders......
Hope you got it......
Quoting BLACKFEET
...the EA stops generating orders when it reaches the 100th order ...
This is certainly your broker limitation (100 orders opened at the same time).
MT4/MT5 EAs/Indicators/Alerts coder
XLT,

yesterday was bad for me, first basket closed at 3% risk SL and 2nd basket at NY close also at a 100 odd pips loss....

Just to share....
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