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Help Test my new EA, FLYER!

  • #101
  • Oct 5, 2006 6:00pm Oct 5, 2006 6:00pm
I just load the EA on the USD/JPY and USD/CHF and had a short position opened within seconds on both pairs.

1 trade closed so far:

Long EUR/USD .46 lots at 1.2719, stopped out at 1.2674 for - 45 pips or a $207 loss.
  • #102
  • Oct 5, 2006 6:12pm Oct 5, 2006 6:12pm
Quoting Palmer
I just load the EA on the USD/JPY and USD/CHF and had a short position opened within seconds on both pairs.

1 trade closed so far:

Long EUR/USD .46 lots at 1.2719, stopped out at 1.2674 for - 45 pips or a $207 loss.
Palmer,

How did you get a short position on USD/JPY? If anything it might have gone long....

USD/CHF shouldn't be trading at all right now...
  • #103
  • Oct 5, 2006 6:18pm Oct 5, 2006 6:18pm
Current floating PL + $220
  • #104
  • Oct 5, 2006 6:21pm Oct 5, 2006 6:21pm
OOPSY: Both those positions are longs....


.niaga aixelsyd ym s'tI.
  • #105
  • Oct 5, 2006 6:24pm Oct 5, 2006 6:24pm
Quoting Palmer
OOPSY: Both those positions are longs....


.niaga aixelsyd ym s'tI.
Ok, that's better... you had me worried.
  • #106
  • Oct 5, 2006 10:16pm Oct 5, 2006 10:16pm
Hi GirlFlyer,

I just wanted to let you know how cool I think Flyer! is. This little program that you have put together based (loosely) on the sidus system is a true 'diamond in the rough' I really like how accurate it is for entries. The biggest problem I see so far is having to watch in horror (Halloween is coming) as all the pips that have racked up slowly disappear because the run has temporarily ended and is retracing in consolidation mode. With various indicators we can usually determine when the trade will start its retrace but we know the original signal is still valid. Therefore all we really want to do is hop off the bus, take a break (collect some pips) and then hop back on and go for the rest of the ride. Wouldn't it be possible to, let's say, create a script that could be applied to individual pairs that would allow take profit but let the EA know not to reenter the trade until user input. That way we can sell the rallies in a downtrend and buy the dips in an uptrend and you know what that means... more pips in the bank.

I wish I could code something, anything... but I think it would be easier to learn five languages simultaneously than to learn this code language. dooh! I'll get it eventually. Keep up the good work.
All The Best

P.S. I'm sittin here looking at the termional and it's nicely positive to the tune of 110 to 120 pips positive on a mini account with various lot sizes ranging from three cents to $.38 per lot equaling $29.63 positive. It would be great to be able to manually take profit and reestablish the trend based on the current signal. No kidding this EA has enormous potential. My humble opinion.
balancer
  • #107
  • Oct 5, 2006 10:20pm Oct 5, 2006 10:20pm
Take a deep breath everyone . . . Flyer has finally launched for me. Yippee!

If only it was going the right way. LOL

Never mind, it's early days.

I like your humour, Palmer :".niaga aixelsyd ym s'tI."

Regards, All,

Grahame
  • #108
  • Oct 5, 2006 11:07pm Oct 5, 2006 11:07pm
Quoting GirlFlyer
Just checking in with people...

My test closed out 3 positions Thursday, all for gains even if they were small ones.

GBP/USD - Meager +3 pips - It then immediately sold before the drop today. Sitting on a +58 pip gain right now.

AUD/USD - +11 Pips

USD/JPY - +8 Pips

---------------


Anybody else with anything different?
GirlFlyer,

My last 4 closed trades....

GBP/JPY -40 pips (stop loss)
GBP/USD + 2 pips
USD JPY + 12 pips
GBP/JPY + 1 pip

I am looking forward to more updates. Thanks for the hard work.
Especially helping all of us thru the thread.
  • #109
  • Oct 5, 2006 11:19pm Oct 5, 2006 11:19pm
Hi Marci,

I truly have to commend you on this Ea. I have tried several and like quite a few of the ones I've tried but I have fell in love with this one. Thank you for the hard work if there is anything I can do feel free to ask. Thanks Valerie....
  • #110
  • Oct 6, 2006 12:21am Oct 6, 2006 12:21am
Quoting piperwannabe
Hi GirlFlyer,

I just wanted to let you know how cool I think Flyer! is. This little program that you have put together based (loosely) on the sidus system is a true 'diamond in the rough' I really like how accurate it is for entries. The biggest problem I see so far is having to watch in horror (Halloween is coming) as all the pips that have racked up slowly disappear because the run has temporarily ended and is retracing in consolidation mode. With various indicators we can usually determine when the trade will start its retrace but we know the original signal is still valid. Therefore all we really want to do is hop off the bus, take a break (collect some pips) and then hop back on and go for the rest of the ride. Wouldn't it be possible to, let's say, create a script that could be applied to individual pairs that would allow take profit but let the EA know not to reenter the trade until user input. That way we can sell the rallies in a downtrend and buy the dips in an uptrend and you know what that means... more pips in the bank.

I wish I could code something, anything... but I think it would be easier to learn five languages simultaneously than to learn this code language. dooh! I'll get it eventually. Keep up the good work.
All The Best

P.S. I'm sittin here looking at the termional and it's nicely positive to the tune of 110 to 120 pips positive on a mini account with various lot sizes ranging from three cents to $.38 per lot equaling $29.63 positive. It would be great to be able to manually take profit and reestablish the trend based on the current signal. No kidding this EA has enormous potential. My humble opinion.

can anyone post the latest update of the EA? I am waiting to test
{Link Removed}]
  • #111
  • Oct 6, 2006 1:24am Oct 6, 2006 1:24am
When I try to load it over chart complains

"2006.10.05 23:30:32 Expert 'Flyer!' is not custom indicator and will be removed"

Any body have a clue?
  • #112
  • Oct 6, 2006 5:10am Oct 6, 2006 5:10am
Quoting paplu
When I try to load it over chart complains

"2006.10.05 23:30:32 Expert 'Flyer!' is not custom indicator and will be removed"

Any body have a clue?
Put Flyer! in your experts folder, not your indicators. It is an EA, not an indicator.
  • #113
  • Oct 6, 2006 5:13am Oct 6, 2006 5:13am
Quoting kenari05
can anyone post the latest update of the EA? I am waiting to test
Kenari,

See Post #75... that has the latest update to the program.

GirlFlyer
  • #114
  • Oct 6, 2006 5:42am Oct 6, 2006 5:42am
Quoting piperwannabe
Hi GirlFlyer,

I just wanted to let you know how cool I think Flyer! is. This little program that you have put together based (loosely) on the sidus system is a true 'diamond in the rough' I really like how accurate it is for entries. The biggest problem I see so far is having to watch in horror (Halloween is coming) as all the pips that have racked up slowly disappear because the run has temporarily ended and is retracing in consolidation mode.
Thanks for the great vote of confidence in my EA. I have to admit, I agree with you on the loss of pips after a great gain especially during rapid retracements. The problem doesn't occur so bad if the retracement occurs over a longer period of time because the MA's catch up with the price. It's one of the reasons why this EA works so well on GBP/USD. Cable seems to not retrace itself as fast as some of the other pairs... I don't know why on this yet, but the backtests certainly showed it as being the best performer over time. Of course it could also be because it moves the most over time, too. But I agree, it is disappointing sometimes to see the gains erode away...

Anyway, there are a few solutions to the problem.

#1 - Exit the trade manually. If you close the position, it won't hurt the EA. It will just wait until the next trade setup and enter again. Downfall... you may not catch the whole entire move. I've seen plenty of examples where it retraces a bit, then continues on further. Personally, this is what I'm doing with my real account right now as I'm just using it as what the original name means (Expert "ADVISOR"). It is advising me.


Further note on #1--- you can do the same for bad positions, if you see the EA enter into what potentially and most probably will turn out to be a bad trade, close it..., but I try to remember that the statistics on the backtest showed a 85-90% success rate.

#2 - For Demo accounts especially, let the EA run over time and just let it rack up the gains it makes however small or large. Hey after all, we're not being GREEDY are we??!! LOL - This is the purpose of testing it on the EA... see how well it performs by itself.

#3 - Examine some different methods to try to maximize profit potential and stay in the trade for as long as reasonable. This is where input from others would be useful. I'm researching this as much as possible and have some possible solutions, but will take time and testing to figure them out.

So there we have it! But again, thanks for the input and I'm working to resolve this, too.

Take care and happy trading!

GirlFlyer
  • #115
  • Oct 6, 2006 5:48am Oct 6, 2006 5:48am
Quoting Piece Of The Pie
GirlFlyer,

My last 4 closed trades....

GBP/JPY -40 pips (stop loss)
GBP/USD + 2 pips
USD JPY + 12 pips
GBP/JPY + 1 pip

I am looking forward to more updates. Thanks for the hard work.
Especially helping all of us thru the thread.
Hi there, thanks for the update...

Something to consider, it looks like you have your Stop Loss on GBP/JPY at 40 points. While this is typical of other pairs, I have found this to be too small for this pair. GBP/JPY can bounce around within minutes for 40 pips jumping you out of trades very rapidly. The research showed a value of around 80 was more suitable for this pair.

Hope that helps you.

GirlFlyer
  • #116
  • Oct 6, 2006 7:23am Oct 6, 2006 7:23am
This just happened to me with the GBP/USD. There was a short at about 1.8843 and the current price was 1.8760, $369 to the plus side. The EA did enter a SL at 1.833 after a certain amount of pips. Then price spiked up and the EA exited with a gain of about $220 for that position. Before that there was a current floating PL of about $500 on four positions. I'm sure that the spike was caused by the NFP jitters. Either way, it's good to know that the EA will exit whhen it 'sees' that happening. I'm not in front of my demo laptop right now but it'll be interesing to see how things work out with the NFP numbers if they are kinda wackey....
  • #117
  • Oct 6, 2006 8:05am Oct 6, 2006 8:05am
Quoting Palmer
This just happened to me with the GBP/USD. There was a short at about 1.8843 and the current price was 1.8760, $369 to the plus side. The EA did enter a SL at 1.833 after a certain amount of pips. Then price spiked up and the EA exited with a gain of about $220 for that position. Before that there was a current floating PL of about $500 on four positions. I'm sure that the spike was caused by the NFP jitters. Either way, it's good to know that the EA will exit whhen it 'sees' that happening. I'm not in front of my demo laptop right now but it'll be interesing to see how things work out with the NFP numbers if they are kinda wackey....
Hi Palmer,
Out of curiosity what time frame are you useing ?? Thanks in advance..Valerie..
  • #118
  • Oct 6, 2006 8:26am Oct 6, 2006 8:26am
I've got the EA running on the 30min charts for the EUR/USD, GBP/USD, USD/CHF, and the USD/JPY....I won't know 'what's up' until I go home for lunch in a few hours....
  • #119
  • Oct 6, 2006 8:47am Oct 6, 2006 8:47am
GirlFlier my ea has just stopped working on my live account I think. When the ma 5,8 both cross the 28 and 18 thats when it should either buy or sell right. The gbp/usd crossed and nothing happened. The only change I made to the setup is the time frame I went from 30 min to 15 min. Thanks in advance by the way Ive already booked 61 pips yesterday on my live account but it just stop working. Valerie.....
  • #120
  • Oct 6, 2006 8:48am Oct 6, 2006 8:48am
Quoting Palmer
I've got the EA running on the 30min charts for the EUR/USD, GBP/USD, USD/CHF, and the USD/JPY....I won't know 'what's up' until I go home for lunch in a few hours....
Short Positions on GBP/USD and longs on USD/CHF & USD/JPY going into NFP likely made a killing... However, probably with GBP/USD, it took profit before NFP on the spike up. Otherwise, CHF & JPY are doing great.

EUR/USD... well, my test was long on it from yesterday and got stopped out... but if you got short somehow, well, again, you're doing well.

GirlFlyer
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