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Don't know if this has been suggested yet (27 pages to catch up on!), have you thought about adding a "start new baskets" switch we could change from TRUE to FALSE to stop an EA opening new orders if its magic number is flat ? The end result would be it could manage existing positions to the intended exit then stop trading - a polite way to scale out of things for Christmas ....

G.
Quoting Chairman
Don't know if this has been suggested yet (27 pages to catch up on!), have you thought about adding a "start new baskets" switch we could change from TRUE to FALSE to stop an EA opening new orders if its magic number is flat ? The end result would be it could manage existing positions to the intended exit then stop trading - a polite way to scale out of things for Christmas .... G.

I am not quite catching what you are suggesting.
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Hi Charmain

Do you mean a "Stop Trade" function that will not open new trades and only close out existing ones?
The logic for the Open_New_Baskets switch would be :
TRUE - trade normally just like it does now.
FALSE - if total open lots [just for the magic number this EA is controlling] = 0 do not trade

It's not so much "manage existing orders but do not open new orders" as "manage existing *baskets*, opening new orders as required, and stop trading when the basket has exited".

G.
Yes, its the same thing.

You want to change a parameter in the ea dialogue box to false so that it will only manage open trades (till all the levels are hit as well as tp or sl) and thereafter not open new ones till you set the parameter to true again. It will work for that currency only.
Quoting Chairman
The logic for the Open_New_Baskets switch would be : TRUE - trade normally just like it does now. FALSE - if total open lots [just for the magic number this EA is controlling] = 0 do not trade It's not so much "manage existing orders but do not open new orders" as "manage existing *baskets*, opening new orders as required, and stop trading when the basket has exited". G.

Hypothetically speaking...

The pair you are trading is running long...throughout the trade day, the EA has accumulated a number of short positions on a retrace...

You are tired and want to get some sleep, or want to go out and not have this continue to trade...

You go into EA properties and disable live trading...

You click on one of your positions and drag a profit line to where you think market will go back to, be it test high of session or London Open...this sets an automatic TP. You do this with all of the trades you have open.

When this line gets hit, all trades are closed and because the EA is disabled, no new trades.

Viola?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Not quite Voila, I want the EA to continue building the basket if the market continues to rise.
Quoting Chairman
Not quite Voila, I want the EA to continue building the basket if the market continues to rise.

So, continue to build the basket if more triggers occur, but still close out all at a common profit and quit trading until you tell it to resume?

There is actually a hidden option in the SWB that does allow this...
bool use_daily_target=false;
double daily_target=10000;

These have been disabled because I hadn't really seen a point in shutting down something making me money...that being said, with the use of 1 word, we can put this option back into play.

This way, you set use_daily_target=true
set daily_target=X

And when X value gets hit, she is done work for the day...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Voila?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Voila !
Quoting Chairman
Voila !

I've been chucking out some ideas to GVC that he's been able to help me implement, all for the better of these bots. When I release the next, I will make sure that this is one of the options.

One of the first that is being added is a Max Spread. This will be on the first trade only, due to the EAs triggering automatically if Market Opens on a Gap. Viewing the spread is another, this way if you are trading manually and auto, you will be able to keep an eye on that as well...

For cases like Sarandon, I think I will re-release TDI as a take profit EA, by removing the TOE from the exit. This way it will close when the market makes a certain value as absolute. This too will assist you in setting the close on daily target, by knowing what that target will actually be. Set it in your tp_in_money and set this same value as your daily target and Viola!

lol...

Other member suggested are taken into consideration, be it triggering or just ideas. Some I have been able to implement, some that I haven't but keep in mind. With the help from GVC, I think we have a little more room we can take these as he is one very smart fella and can code stuffs that I can only think about.

Really great to have him on board!!!
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sss112233 (http://www.forexfactory.com/sss112233)

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Quoting Magix
{quote} I've been chucking out some ideas to GVC that he's been able to help me implement, all for the better of these bots. When I release the next, I will make sure that this is one of the options. One of the first that is being added is a Max Spread. This will be on the first trade only, due to the EAs triggering automatically if Market Opens on a Gap. Viewing the spread is another, this way if you are trading manually and auto, you will be able to keep an eye on that as well... For cases like Sarandon, I think I will re-release TDI as a take...
Great considerations, I think it will help reduce DDs. Also, have you considered applying the equity protection in the upcoming version of TDI TOE? (I mean closing all trades per pair at a specific percent of equity loss)

Thanks,
Z
Quoting zkudett
{quote} Great considerations, I think it will help reduce DDs. Also, have you considered applying the equity protection in the upcoming version of TDI TOE? (I mean closing all trades per pair at a specific percent of equity loss) Thanks, Z
Yes.

As this is an Option, it will not impact the overall performance, but will allow equity protection.

Still works in progress, but we are steadily moving along.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
First of all - thx for your work on this EA Magix.

I've been running the EA for a number of days now on $25k account, public myfxbook here:
http://www.myfxbook.com/members/gradstrattest/xmas-bot--m2/777879
on three pairs, EUR/USD, USD/JPY, and AUD/USD and things look good, riskpercent @ 1%. Have been running close to margin calls as this is a US broker with 50:1 leverage, might need to cut risk down or remove a pair - too many positions open at once.

So far so good.

My only (potential) suggestion (for a more conservative approach) and it looks like others might be hinting at something similar but does anyone think it makes sense to close the basket of trades on Friday afternoon and restart the EA "fresh" Sunday evening? Then repeat the process each week. From my testing the EA still had impressive gains even after the basket is closed out at the end of the week (i.e. total week gains were $5k, floating -$1.6k, total gain was $3.4k after closing all out). I understand this would counter the strategy to a certain extent, however it seems to limit potential drawdown and excessive swaps. Feel free to shoot me down if this is a ridiculous question
Quoting Forex2k10
First of all - thx for your work on this EA Magix. I've been running the EA for a number of days now on $25k account, public myfxbook here: http://www.myfxbook.com/members/gradstrattest/xmas-bot--m2/777879 on three pairs, EUR/USD, USD/JPY, and AUD/USD and things look good, riskpercent @ 1%. Have been running close to margin calls as this is a US broker with 50:1 leverage, might need to cut risk down or remove a pair - too many positions open at once. So far so good. My only (potential) suggestion (for a more conservative approach) and...

I do this exact thing.

Coming into the Christmas I start to personally throttle back on my own trading, but typically after Friday, NY open, I don't have a single automated position carrying into the weekend. This, I do manually. Shut everything down that isn't on demo...

If you look at my TDI_TOE myfxbook link, it has gone into a huge DD state, a lot to do with the Swing from NFP and the continuation of trades and adding levels on what was carried over from last week...If just swap fees alone saved, and not sweating over any weekend holds against your real money, I am all for it.

Coding it in...well...Might be a little more than needed.

If you have a look at the trade options windows for the EA, there can be an infinite number of variables, but everytime we add 1 more, it is just a whole new learning world for others. And if the impact on the overall isn't going to be that great...why add confusion to the mix?

Thanks for the suggestion!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Alrighty!!

Here We GO!

HAT 1.4.

As per the usual, there are 2 versions, 1 for Long and 1 for Short. These are still important because of the actual triggering in the Code, but there are some modifications, bells and whistles added to the player!

use_daily_target = Do you want the EA to stop after a certain amount of gains per day? If false, it will continue to trade throughout the week, never stopping. Set to true and it will be looking for a value to quit at.

daily_target=This is the point you wish to stop trading/pair. If use_daily_profit = True, then, when this value is hit it will quit trading.

(please note, these 2 settings have not been tested in a live environment)

RiskPercent = The amount of your account that you want to cut risks on per pair. At default is set to 100% which means it will continue to trade without equity protection. If set to 5, and your trades on that pair hit a 5% drawdown, it will close all and resume trading.

MaxSpread= The largest spread you think that you would take your primary trade at. This was added to allow you to not have to be around for market open, but still regulate the first trade. If you have a wide spread and a huge gap, this will restrict the EA from a false trigger and wait until spread comes to normal.

lot_multiplier_2 = If you are using the multiplier, you can choose to increase/decrease the risk by setting a higher multiplier value to subsequent trade levels.

lot_multi_2_level = The place you want to change your risk. If hits this level, lot_multiplier_2 value will be the multiple used from the last trade taken for subsequent trades.

Everything Else, is business as usual.

See Chairmans guide to HAT HERE (http://www.forexfactory.com/attachment.php?attachmentid=1324007&d=1386131321).

Download HERE (http://www.forexfactory.com/attachment.php?attachmentid=1328722&d=1386813103).
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Quoting Magix
Alrighty!! Here We GO! HAT 1.4.
Thanks, Magix! It's bed time for me, but it looks like I'm going to have a busy day tomorrow

P.S. TDI holding strong against the others so far this week...
Attached Image
mind over matter
Quoting kosmo
{quote} Thanks, Magix! {image}

*GVC!

His code.

Even on my demo runner, the Draw has increased from last week, but the gains are still working their way up.

Really, given the week and the potential for fail, I am pleasantly surprised.

Finding the ones that survive the skinny trends and can handle the bigger sweeps...definitely helps build the confidence level.
Attached Image (click to enlarge)
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