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Help Test my new EA, FLYER!

  • #61
  • Oct 4, 2006 2:48am Oct 4, 2006 2:48am
Quoting SoFlPippin
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!
Hi,

Since you are using a 5000 account, you have to change the "MinVal" setting. The MinVal setting is the dollar amount of the minimum size you wish your account to become in case of drawdowns. If your account value is equal to or less than this value, the EA will no longer trade. If you don't care about drawdown, change it to zero. That way it will always trade.

GirlFlyer
  • #62
  • Oct 4, 2006 4:05am Oct 4, 2006 4:05am
2006.10.04 19:11:13 Flyer! AUDUSD,H1: Error Opening Trade: Error Code = 131, Lotsize: 0.225
  • #63
  • Oct 4, 2006 5:16am Oct 4, 2006 5:16am
Downloaded your EA last night and it almost immediately made two trades.It bought EUR/USD at 1.2734 and sold USD/CAD at 1.222. This was around 7:30-8:30 PM EST Oct 3rd. Both trades were stopped out during the night for -90 pips.I'm trying to decide if my platform is functioning properly with the EA. Did your platform make these trades? I didn't see the 5,8 cross(on any time frame) on my chart when the trades were made.This might be a dumb question but is this EA making trades based on the 1min. or 30min chart? I'm assuming it's the 30min .I'm really excited about this EA . Just want to make sure I'm set up properly. Thanks for all your effort and for sharing this with us.
  • #64
  • Oct 4, 2006 5:18am Oct 4, 2006 5:18am
By the way, I'm using The MT4 platform with InterBank FX. thanks
  • #65
  • Oct 4, 2006 5:26am Oct 4, 2006 5:26am
Quoting setekh
2006.10.04 19:11:13 Flyer! AUDUSD,H1: Error Opening Trade: Error Code = 131, Lotsize: 0.225
This error is caused by the Lotsize being incorrect in relation to the account. I will need to know more to see why.

Please tell me more about your account at this time. Need to know equity, and your settings you were using.

Thanks
  • #66
  • Oct 4, 2006 5:40am Oct 4, 2006 5:40am
Quoting Toothman
Downloaded your EA last night and it almost immediately made two trades.It bought EUR/USD at 1.2734 and sold USD/CAD at 1.222. This was around 7:30-8:30 PM EST Oct 3rd. Both trades were stopped out during the night for -90 pips.I'm trying to decide if my platform is functioning properly with the EA. Did your platform make these trades? I didn't see the 5,8 cross(on any time frame) on my chart when the trades were made.This might be a dumb question but is this EA making trades based on the 1min. or 30min chart? I'm assuming it's the 30min .I'm really excited about this EA . Just want to make sure I'm set up properly. Thanks for all your effort and for sharing this with us.
Toothman,

My EA did do the buy on EUR/USD at the same time. Unfortunately, there was a spike in the EUR at around that time that briefly caused the 5,8 WMA's to cross the 18,28 EMA'S going up which gave a false signal.

The EA works off of the M30 timeframe. But it calculates the MA's tick by tick. So, while in the end, that bar may not show the MA's crossing, at some point within the bar, they crossed, and then came back across once again. This kind of action is what can fool EA's. Hence is why I have the "PointAdjust" feature in the EA. If you change the value up or down, it will affect how much the MA's have to cross before the decision to Open a trade is made.

On my USD/CAD. It did not trade as you said. Have you changed the values for it to the ones that I suggested in the comments located in the header of the .MQ4 file? If not, that may be why it traded.

There will always be these kind of signals occuring. EA's are not perfect, either. Nor are we humans. We can only make them so good, but as long as they average out over the long term to the good side, we're doing ok.

So far for me this week on the EA its 11 good trades to 4 bad. I've been seeing some things that perhaps will help reduce the bad, but of course we will never get rid of them completely.

Hope this all explains things for you

GirlFlyer
  • #67
  • Oct 4, 2006 6:31am Oct 4, 2006 6:31am
Hey GirlFlyer,

I am using the Alpari Demo Account, $5000 equity and all your same settings
  • #68
  • Oct 4, 2006 6:37am Oct 4, 2006 6:37am
Thank you for your swift reply. Yes, I have my point adjust feature adjusted to the settings you suggested in an earlier post.The USD/CAD is set for 0.0,EUR/USD and USD/CHF-.0001,GBP/USD-.02 USD/JPY-0.0.You haven't given a setting for the AUD/USD and the EUR/JPY. Should we assume they are .0001? Maybe your platform tick by tick is slightly different than mine. Were you close to making a trade on th USD/CAD last night around this time? thanks much
  • #69
  • Oct 4, 2006 7:07am Oct 4, 2006 7:07am
I went back and looked at my 1min chart for USD/CAD and there was a cross down indication but it happened 20 min. earlier than when the trade happened. Maybe it was waiting for the 30min candle to close.
  • #70
  • Oct 4, 2006 8:02am Oct 4, 2006 8:02am
Quoting GirlFlyer
Hi,

Since you are using a 5000 account, you have to change the "MinVal" setting. The MinVal setting is the dollar amount of the minimum size you wish your account to become in case of drawdowns. If your account value is equal to or less than this value, the EA will no longer trade. If you don't care about drawdown, change it to zero. That way it will always trade.

GirlFlyer
Flygirl,

Can you change it to specify the number of lots instead of a dollar amount? I think that may be easier for all to grasp since one may trade with different leverages.
  • #71
  • Oct 4, 2006 11:05am Oct 4, 2006 11:05am
Quoting et_phonehome_2
Flygirl,

Can you change it to specify the number of lots instead of a dollar amount? I think that may be easier for all to grasp since one may trade with different leverages.
The MinVal setting has nothing to do with lotsize...

The purpose of the MinVal setting is to prevent letting the EA draw your account down too far before it is unrecoverable. If the value of your account drops below this amount, it will stop trading. Demo accounts really don't matter much, but if you were to use this on a real account and you started with $10000... and didn't want to lose more than 50% of your money on the adventure, you would set the MinVal to 5000. If you're willing to risk it all, you would set it to zero (0).

As to the lotsize being traded, that is controlled by the LotPercentage value. This EA dynamically adjusts the value of the lotsize depending on the balance in your account and the percentage you set in that parameter. The EA does not use fixed lotsizes. Perhaps in the future I will release a version that allows for fixed lot sizes instead of one that constantly changes.

GirlFlyer
  • #72
  • Oct 4, 2006 11:09am Oct 4, 2006 11:09am
Quoting setekh
Hey GirlFlyer,

I am using the Alpari Demo Account, $5000 equity and all your same settings
Toothman,

The difference may be Alpari vs. IBFX which is what I'm using. At the time you specified on the CAD, it looked like it might have been close, but never traded.

One thing I have noticed in several of the trades this week is that price spikes are causing orders when they really shouldn't be taking place.

In the near future I am going to post an update version to hopefully filter some of those transient spikes out and prevent that.

GirlFlyer
  • #73
  • Oct 4, 2006 1:05pm Oct 4, 2006 1:05pm
A filtered version might do the trick.I have two more trades that kicked in this am. (sell AUD/USD 5:45 AM and sell USD/JPY) 10:30AM EST. They're negative now but a long way from being stopped out. Will keep an eye. thanks
  • #74
  • Oct 4, 2006 3:30pm Oct 4, 2006 3:30pm
Quoting GirlFlyer
Toothman,

The difference may be Alpari vs. IBFX which is what I'm using. At the time you specified on the CAD, it looked like it might have been close, but never traded.

One thing I have noticed in several of the trades this week is that price spikes are causing orders when they really shouldn't be taking place.

In the near future I am going to post an update version to hopefully filter some of those transient spikes out and prevent that.

GirlFlyer
Just dl the EA will be testing it soon. just one quick suggestion if you dont mind..... Would it be any trouble if you could post a setup doc.. in your first post...?
thank you.... have a nice day
  • #75
  • Oct 4, 2006 4:52pm Oct 4, 2006 4:52pm
Hi Everybody,

I'm going to post these updates to the EA separately so that if some people are happy with other versions, you may hang on to them.

This update does not make any changes to the settings. I have only made some code changes that have shown improvements in performance.

Change #1 - Added a wait period to the Open Order routine to wait a certain time period (90 seconds) before opening a position. This is to eliminate false orders when a transient price spike occurs as I've seen happen in the live trading.

Change #2 - Changed the amount of time the code looks backwards to make sure that the MA's have crossed. During slow moving markets, the signals were crossing but taking a very long time, thus the EA missed some trades even when they were valid buy signals. This was the most significant change. Some of my tests were increasing the final returns 20-40%.

Plus, I now have a documentation file. Easier to read than opening the .mq4 file.

Hope everyone enjoys and thanks for all the input.

GirlFlyer
Attached File(s)
File Type: txt FlyerDoc.txt   6 KB | 673 downloads
File Type: mq4 Flyer!.mq4   21 KB | 550 downloads
  • #76
  • Oct 4, 2006 5:28pm Oct 4, 2006 5:28pm
Thanks for the new version.

But.... I've all the docs and still am confused on what timeframe chart I am supposed to actually attach the EA. Is it M30? Or M1? Does it matter?

Thanks for any clarification here.
Don Life is expensive, but includes a free trip around the sun.
  • #77
  • Oct 4, 2006 5:42pm Oct 4, 2006 5:42pm
Quoting traderone
Thanks for the new version.

But.... I've all the docs and still am confused on what timeframe chart I am supposed to actually attach the EA. Is it M30? Or M1? Does it matter?

Thanks for any clarification here.
For live trading does not matter.

If backtesting, use only M1 setting in Strategy Tester.
  • #78
  • Oct 4, 2006 5:42pm Oct 4, 2006 5:42pm
Quoting traderone
Thanks for the new version.

But.... I've all the docs and still am confused on what timeframe chart I am supposed to actually attach the EA. Is it M30? Or M1? Does it matter?

Thanks for any clarification here.
this is from the post above....... frrom GirlFlyer: The EA works off of the M30 timeframe

so 30 min.
  • #79
  • Oct 4, 2006 5:46pm Oct 4, 2006 5:46pm
Well actually it works "internally" off of an M30 timeframe but what chart do we use for attaching the EA? I saw someone using M1 which has confused me.

Firebird uses M30 internally but seems to work better on M5 or M1 charts. That was the reason for my question. Thanks for your reply. Guess I'll try the M30 for now.
Don Life is expensive, but includes a free trip around the sun.
  • #80
  • Oct 4, 2006 7:10pm Oct 4, 2006 7:10pm
If there are any open positions coming into the close on Friday, should the EA be allowed to keep running through the weekend? I just downloaded the new version from post #75 but the old version just opened a position on the EUR/USD at 18:52 CST US so I'll let that one run for a while...
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