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Help Test my new EA, FLYER!

  • #41
  • Oct 3, 2006 6:06pm Oct 3, 2006 6:06pm
Quoting altapowder
Is this EA only working on full sized accounts? I have a mini account thru InterbankFX and when i use a small dollar amount like $200 in the tester it will not open any trades. I have even adjusted the settings to use 1% equity instead of the 8% default. Is there a change in the code that I can make to use it with smaller dollar amounts?
Altapowder,

I'm not familiar with how the mini account works on Interbank, but if you can tell me what the minimum lot size is, I can then tell you how to change the code to fit for it if need be.

GirlFlyer
  • #42
  • Oct 3, 2006 6:09pm Oct 3, 2006 6:09pm
What timeframe sould the EA run in?
  • #43
  • Oct 3, 2006 6:18pm Oct 3, 2006 6:18pm
Quoting Palmer
What timeframe sould the EA run in?
Palmer, on live trading you can run it in any timeframe. It does not matter.

If you backtest it using Strategy Tester, it must be tested in the M1 setting.

GirlFlyer
  • #44
  • Oct 3, 2006 6:18pm Oct 3, 2006 6:18pm
OK, GirlFlyer,

Happy to adjust S/L back to 60/70, as you suggest, but EA has been running for ages now with plenty of movement on the GBP, but still no trades.

Will wait a little longer.

Thanks for your help.

Kind Regards,

Grahame
  • #45
  • Oct 3, 2006 6:24pm Oct 3, 2006 6:24pm
Quoting Grahame
OK, GirlFlyer,

Happy to adjust S/L back to 60/70, as you suggest, but EA has been running for ages now with plenty of movement on the GBP, but still no trades.

Will wait a little longer.

Thanks for your help.

Kind Regards,

Grahame
Grahame,

One final thing if still no trades, check the Journal or the Experts tab on MT4 and see if you are having any errors. If EA is running fine, you should see something like this in the Experts output...

"2006.10.04 01:30:44 Flyer! GBPUSD,M5: Account Equity = 50382.55 Bid = 1.8866 Ask = 1.887 OrderStat = 2"

Thanks for trying it all out!
  • #46
  • Oct 3, 2006 6:25pm Oct 3, 2006 6:25pm
Hi, again, GirlFlyer,

I'm reasonably bright (I think) but I do have some trouble with the time zones.

I'm in Australia and . . . oh, I give up!

It's just very confusing.

Thanks for listening.

Bye, again

Regards,

Grahame
  • #47
  • Oct 3, 2006 8:26pm Oct 3, 2006 8:26pm
I notice that when I load an EA I will get a pop up dialog box with "Input" and other options. When I click it off the EA is loaded and runs. BUT! When I load some other EAs they will NOT give me a dialog box and they don't run. What's the problem here??? YES, I am a relative newbie to MT4 though I've been a trader for about 8 years trading the emini futures on another platform. I like this ability to set alerts on longer TF with currencies but I've yet to figure out how so far.

[quote=GirlFlyer]Grahame,

One final thing if still no trades, check the Journal or the Experts tab on MT4 and see if you are having any errors. If EA is running fine, you should see something like this in the Experts output...

"2006.10.04 01:30:44 Flyer! GBPUSD,M5: Account Equity = 50382.55 Bid = 1.8866 Ask = 1.887 OrderStat = 2"
"Though this be madness, yet there is method in it." -Hamlet Act II
  • #48
  • Oct 3, 2006 8:59pm Oct 3, 2006 8:59pm
I don't have my exact numbers in front of me at the moment.
I know the GBP/USD closed out for around 133 pips. At one stage was up in excess of +166.

Had a EUR/JPY contract close due to its SL, or it might have been a cross over which closed the trade ahead of schedule, but I only glanced at the figures this morning before heading to the office.

Still really too early to call how effective the EA is, I would like to see some further additions when it comes to taking profit.

Girlflyer thanks for an interesting EA. Its been fun to play around with so far..
  • #49
  • Oct 3, 2006 9:02pm Oct 3, 2006 9:02pm
Quoting GirlFlyer
Altapowder,

I'm not familiar with how the mini account works on Interbank, but if you can tell me what the minimum lot size is, I can then tell you how to change the code to fit for it if need be.

GirlFlyer
The mini account trades in lot sizes of 10,000 instead of 100,000. It has a 200:1 leverage, so 1 full lot = $50 of real money. The account has approximately $200 in it so I would like to run this EA using a max of 2% equity or .2 lot size.

What would you change to make it work?
  • #50
  • Oct 3, 2006 11:43pm Oct 3, 2006 11:43pm
Hi Gee Seven and All,

Yes, journal says "Expert Flyer!GBPUSD,M1:loaded successfully"

But nothing happens.

Thanks.

Regards,

Grahame.
  • #51
  • Oct 3, 2006 11:55pm Oct 3, 2006 11:55pm
Quoting Grahame
Hi Gee Seven and All,

Yes, journal says "Expert Flyer!GBPUSD,M1:loaded successfully"

But nothing happens.

Thanks.

Regards,

Grahame.
Just thinking out loud.....

When you dragged the EA to the chart, was the chart on M1, M5, M15 or M30? It may not make many trades on the higher timeframes.

Just a thought...
  • #52
  • Oct 4, 2006 12:02am Oct 4, 2006 12:02am
Hi Again,

Ah, also, the Expert tab shows a line similar to your example except Order Stat = 0

Regards,

Grahame
  • #53
  • Oct 4, 2006 12:04am Oct 4, 2006 12:04am
Hi Piece of the Pie,

Actually loaded it on M1 and has been unchanged since then.

Perhaps should start again?

Regards,

Grahame
  • #54
  • Oct 4, 2006 12:23am Oct 4, 2006 12:23am
Quoting Grahame
Hi Piece of the Pie,

Actually loaded it on M1 and has been unchanged since then.

Perhaps should start again?
It's probably working ok. It just hasn't found a trade yet that it can make. Remember its looking to meet the criteria of the Sidus method before it enters a trade.

Give it some time or if you are really impatient, drop it on a half dozen currencies and hope for the best..
  • #55
  • Oct 4, 2006 12:36am Oct 4, 2006 12:36am
Thanks to GirlFlyer it's a good EA and a good idea but the running can be a lot of position , if there are a system to close all position at a profit it's a help to flooting .
Are there some body have a program to close all position at the time.
Thanks
  • #56
  • Oct 4, 2006 2:08am Oct 4, 2006 2:08am
Good morning all,


I'm glad to see everybody trying this out. Grahame, looks like you have it running fine. If you still don't get a trade eventually let me know.

For everybody, be patient with the EA. This EA works mainly on a 30 minute timeframe which means you may not get a trade in a single day or you could get 1, 2, or even maybe 3 if market is really volatile.

Also, if it opens a trade, you may not see it close it until the next day or several days later depending on the trade and how the trend is going. It is designed to get the most out of the trend. If GBP goes up +200 pips without retracing, it will catch that 200 pips, etc.

The EA works best on slower moving markets. In fast situations, its profits might be limited. You can adjust the trailing stop level to smaller amounts if you want which will lock in profits in smaller increments for fast moving markets, but may very well cause you to miss the bigger move if it retraces quickly and then quickly jumps back up again.

These are the kind of settings any kind of EA has to deal with. We can try to find optimal settings to match our personal preferences, but that takes time and testing.

That being said, I want to thank everybody for their testing.

Here are my Results so far through Wednesday morning (7:14 GMT)

Monday: + 44 pips (144+, -100 loss)
Tuesday: +88 pips (123+, -35 loss)

So far Today" +36 pips, no losses



GirlFlyer
  • #57
  • Oct 4, 2006 2:18am Oct 4, 2006 2:18am
Quoting altapowder
The mini account trades in lot sizes of 10,000 instead of 100,000. It has a 200:1 leverage, so 1 full lot = $50 of real money. The account has approximately $200 in it so I would like to run this EA using a max of 2% equity or .2 lot size.

What would you change to make it work?
Altapowder,

You're right. This program does have a problem working with mini-accounts since the lot value is different. In my next update, I will make a change to accomodate for the problem.

In the meantime, you can fix the problem by changing the following line of code in the procedure called "CheckToOpen":

LotSize = LotSize / 1000;

change this line to

LotSize = Lotsize / 100;

This will fix your problem.

Thanks for discovering this oversight.

GirlFlyer
  • #58
  • Oct 4, 2006 2:19am Oct 4, 2006 2:19am
Good Morning GirlFlyer,

I am trying to test your EA and am running on a 5K demo with only the GBP/USD open. I have not gotten any trades, but am getting this message in the experts tab

2006.10.04 03:21:46 FLYER!-TS GBPUSD,M1: Account Equity = 5000 Bid = 1.8872 Ask = 1.8876 OrderStat = 0
2006.10.04 03:21:46 FLYER!-TS GBPUSD,M1: Equity Value Lower than Minimum Account Value Setting

What settings do I need to change for this to run? And what would I do if I wanted to add more pairs to trade?

Thanks!
  • #59
  • Oct 4, 2006 2:22am Oct 4, 2006 2:22am
Quoting JokerZ
Still really too early to call how effective the EA is, I would like to see some further additions when it comes to taking profit.

Girlflyer thanks for an interesting EA. Its been fun to play around with so far..
Hi JokerZ,

Thanks for your input. What in specific would you prefer to see for a T/P addition?
  • #60
  • Oct 4, 2006 2:35am Oct 4, 2006 2:35am
Quoting GirlFlyer
What in specific would you prefer to see for a T/P addition?
I am very focussed on money management when it comes to making my own trades. When I execute trades manually I like to keep a tight control on when I take profit from a trade. I don't really have any system that determines how and when I should do it but I never worry about trades that have gone up in value after I exit them. I figure I'll always be around to trade next time so I'll pick up more pips with my next trade.

The stop loss settings in GirlFlyer! are more or less perfect for my trading, it just seems that when it comes to TP the EA has to wait for around a 30% (or more) downward movement before it can execute and TP. Part of the problem with lagging indicators I guess to determine an exit point.

Depending on a currency I'm generally happy with 30-50 pips. Anything over that is generally a huge bonus for me and if the trade is trending down or up heavily then I will generally stay in a trade longer. If it seems to hover around a certain point for an extended period of time (just like GBP/USD did yesterday), then I'll generally exit the trade. That type of indeterminate price movement usually means a change is coming.

An example of staying in a trade was also with an OIL future from last week, I got in below the peak. The trendlines I had drawn were telling me that a downward price move was potentially coming. I managed to wait it out until this morning, at which time when I TP it increased my account size by 25% If only they were real dollars I had used for that particular trade!

I haven't really studied how to build EA's yet in any detail, so no idea how hard or easy it would be to incorporate time based evaluation of a price. I suppose it could be done by counting candles/bars and then averaging out price movement for a particular period.

Hope that gives you some food for thought.
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