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Attachments: My "Ultron" EA for GBPUSD H1 timeframe
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My "Ultron" EA for GBPUSD H1 timeframe

  • #221
  • Nov 11, 2018 11:16pm Nov 11, 2018 11:16pm
Quoting robots4me
When using an EA it doesn't matter what your local time is -- you could live on the moon. What is important is your broker's server time. You can figure that out quite easily -- near the upper-left corner of MT4 you'll see "Market Watch: XX:XX:XX". The "XX:XX:XX" is the current time of your broker's server. Using the Internet and some Googling you'll then be able to figure-out if that is GMT+0 or GMT+2 time. If your broker is using GMT+2, then you do not need to change the default 'hour1' and 'hour2' (since @Pawel's broker's server also uses GMT+2)....
Thank you for the detailed explanation. Market Watch in my MT4 shows 7AM and my current time is 8AM. Just a difference of an hour.

Can you please shed some more lights on hour1 thing. Does it mean that, trade only between hour1 and hour2? Shall I keep my computer ON only between 6:00hrs and 21:00hrs?
  • #222
  • Nov 12, 2018 12:03am Nov 12, 2018 12:03am
@doha -- if you are GMT+3 and are 1 hour ahead of your broker, then it means your broker's server is GMT+2. I think this is the most common time zone for forex servers.

Quoting doha
Shall I keep my computer ON only between 6:00hrs and 21:00hrs?
Absolutely NOT. You keep your computer on 24/7. Your computer may not actually need to be on 24/7, but you really don't want to have to constantly worry about that detail. Or -- you can set up a VPS account for around $10 / month and let that run 24/7.

As I mentioned in my previous response -- this has nothing to do with your local time. The 6:00 and 21:00 refer to the broker's server's time. This is the time stamp associated with the data. If you really, really, really need to conserve on electricity, and if you are using hour1 and hour2 of 6 and 21, then it means you need to keep your computer on between 6 and 21 GMT+2 time. I'll leave it to you to do the conversion of what that means in your local time.
  • #223
  • Nov 12, 2018 12:11am Nov 12, 2018 12:11am
Quoting robots4me
@doha -- if you are GMT+3 and are 1 hour ahead of your broker, then it means your broker's server is GMT+2. I think this is the most common time zone for forex servers. {quote} Absolutely NOT. You keep your computer on 24/7. Your computer may not actually need to be on 24/7, but you really don't want to have to constantly worry about that detail. Or -- you can set up a VPS account for around $10 / month and let that run 24/7. As I mentioned in my previous response -- this has nothing to do with your local time. The 6:00 and 21:00 refer to the broker's...
Great explanation. Thank you very much. I am now on the hunt for a VPS. Any suggestions?
  • #224
  • Nov 12, 2018 12:51am Nov 12, 2018 12:51am
Quoting doha
I am now on the hunt for a VPS. Any suggestions?
There are many, many choices. My only recommendation is to NOT choose a free one. What is most important about VPS is its network connectivity will be more reliable than what you have at home -- that's the value it brings and that is what you are paying for.

Having said that -- I like GoDaddy. I also develop web sites and have always had good luck with their hosting services. Also, their technical support is the best. I can call 24/7 if there is a problem and always speak with someone who is professional and knowledgeable. GoDaddy is more expensive than others -- but, in the big picture, when I need assistance then it's worth it to me.

Other people will recommend other VPS hosting services -- and that's fine. There are many good ones out there. Since you asked, then I'm simply responding with the one I am most familiar with.
  • #225
  • Nov 12, 2018 12:59am Nov 12, 2018 12:59am
Quoting robots4me
{quote} There are many, many choices. My only recommendation is to NOT choose a free one. What is most important about VPS is its network connectivity will be more reliable than what you have at home -- that's the value it brings and that is what you are paying for. Having said that -- I like GoDaddy. I also develop web sites and have always had good luck with their hosting services. Also, their technical support is the best. I can call 24/7 if there is a problem and always speak with someone who is professional and knowledgeable. GoDaddy is more...
Thank you robots4me. Things are now clear to me.
  • #226
  • Nov 12, 2018 6:15am Nov 12, 2018 6:15am
Quoting doha
{quote} Great explanation. Thank you very much. I am now on the hunt for a VPS. Any suggestions?
I have been using Interserver for about 3 years and never had any issue with them. The VPS server up-time is 100% and never re-booted accidentally.
  • #227
  • Nov 12, 2018 6:19am Nov 12, 2018 6:19am
Quoting robots4me
W.... However, as I mentioned in my earlier post, those settings don't seem to have much effect in my hands, and I have accounts in both GMT+0 and GMT+2. ....
Agreed.
In fact I did some tests running the EA ALL the time and the outcome was even better than sticking to the 6 & 21 hours as in the default settings.
  • #228
  • Nov 12, 2018 6:22am Nov 12, 2018 6:22am
Quoting doha
{quote} Thank you for the detailed explanation. Market Watch in my MT4 shows 7AM and my current time is 8AM. Just a difference of an hour. Can you please shed some more lights on hour1 thing. Does it mean that, trade only between hour1 and hour2? Shall I keep my computer ON only between 6:00hrs and 21:00hrs?
Between 6 and 21 GMT+2 time. EA is not active in other hours, due to night consolidation build up on GU it's not worth it to do anything on this pair during the night time. This EA absolutely do not require VPS server, because it opens its trade with tp and sl. That means that the worst scenario, if you will go offline, is that you may miss a trade, nothing else.
  • #229
  • Nov 12, 2018 6:32am Nov 12, 2018 6:32am
Quoting robots4me
{quote} @Pawel -- What kind of things do you look for in GBPUSD that distinguish it from other pairs? Not in great detail -- just a sentence or two... Also -- do the things you notice in GBPUSD persist over time, or will they change?
Its hard to tell exactly, I don't look at other pairs too often, but GBPUSD is just familiar to me. For example, that night consolidation break out - it doesn't work on all currencies as good as on gbpusd. You can actually build a whole strategy around this observation, and I'm making some progress about integration this thing into Ultron or as a separate EA.

I would just say that each market has its own traders, it's own time, and it's own behaviour. There is a reason I guess, why others do have problems with making Ultron perform well on other markets. If one EA perform great on one pair, and bad on the others then it means that there are differences.
  • #230
  • Nov 12, 2018 6:37am Nov 12, 2018 6:37am
Quoting Pawel.Gawron
because it opens its trade with tp and sl. That means that the worst scenario, if you will go offline, is that you may miss a trade, nothing else.
Using SL and TP this way is very clever -- I haven't really seen that before. I mean, everyone uses SL and TP -- but as a safety net. Most of the EA's I've worked with include code to detect both Entry and Exit signals. We assume that by detecting both types of signals the performance will be better.

Ultron only Enters trades -- and then leaves the closing to the broker. Very cool...
  • #231
  • Nov 12, 2018 6:43am Nov 12, 2018 6:43am
Hi Pawel,

Thank you for sharing this indicator !

since 9/11 EA has not opened a trade as i guess due to distance to 50 ma is Big.

Better quality than quantity as you accurately expressed earlier.

When does EA opens a trade ? When distance of all ma are close to each other and cross under/above 50 ma ?

it would a good reference if you could provide the data for another currency to figure out how to change values to match a different currency.
  • #232
  • Nov 12, 2018 6:59am Nov 12, 2018 6:59am
Quoting robots4me
{quote} Using SL and TP this way is very clever -- I haven't really seen that before. I mean, everyone uses SL and TP -- but as a safety net. Most of the EA's I've worked with include code to detect both Entry and Exit signals. We assume that by detecting both types of signals the performance will be better. Ultron only Enters trades -- and then leaves the closing to the broker. Very cool...

A close signal is by its definition a signal against the trend - assuming that the entry signal was created with a trend respecting strategy.
If you trade with the trend, your only knowledge is that
1. The price will change after some time.
2. There is a greater chance that it will go with the trend not against it.
And the second point means that there is a greater chance of the price going with the trend, but it may go up and down for a while before it will happen. That's why I don't even bother with active position management.
  • #233
  • Nov 12, 2018 7:05am Nov 12, 2018 7:05am
Quoting kobra101
When does EA opens a trade ? When distance of all ma are close to each other and cross under/above 50 ma ? it would a good reference if you could provide the data for another currency to figure out how to change values to match a different currency.
I have told everything about this EA on page 8
https://www.forexfactory.com/showthr...1#post11677971
  • #234
  • Nov 12, 2018 7:29am Nov 12, 2018 7:29am
Quoting Pawel.Gawron
{quote} A close signal is by its definition a signal against the trend - assuming that the entry signal was created with a trend respecting strategy. If you trade with the trend, your only knowledge is that 1. The price will change after some time. 2. There is a greater chance that it will go with the trend not against it. And the second point means that there is a greater chance of the price going with the trend, but it may go up and down for a while before it will happen. That's why I don't even bother with active position management.
How about closing a trade (and open a new one ) on opposite signal?
  • #235
  • Nov 12, 2018 7:39am Nov 12, 2018 7:39am
Quoting Go5
How about closing a trade (and open a new one ) on opposite signal?
The Ultron EA looks for a *very* specific Entry setup to open a trade -- and then runs until the SL or TP is hit.

If you were to place Ultron's moving averages on a chart (like the helper indicator a few pages back), you would then see that as a "trend following" EA it is much more likely to hit the SL or TP before it encounters an Entry signal in the opposite direction.
  • #236
  • Nov 12, 2018 7:42am Nov 12, 2018 7:42am
Quoting Go5
{quote} How about closing a trade (and open a new one ) on opposite signal?

You think that you are able to predict the exact moment of a trend reversal? A trend may last 1000 bars for example, and there is only one that is the highest or the lowest before it will go another way.
It's the same as this "sell on highs, buy on dips". You never know where you are, it looks nice and obvious when you look at the chart, but you don't know where you are now. you may be able to trade like this in consolidation before the break out occurs but not in the trending market.
It's pointless when you try to catch "everything". Buy when it's going up, sell when it's going down, take a little bit and get out of the market. You don't have to trade all the time, if you do not like current conditions just go away, don't try to figure out "what's going on", just wait for a moment when it will be clear to you.
  • #237
  • Nov 12, 2018 7:54am Nov 12, 2018 7:54am
Quoting kobra101
since 9/11 EA has not opened a trade as i guess due to distance to 50 ma is Big.
When I run a back test on GBPUSD / H1 I get a number of trades in October and November. If you are following the instructions you should see it trade every 3 or 4 days. This is what others are seeing, as well.
  • #238
  • Nov 12, 2018 8:20am Nov 12, 2018 8:20am
I observed on demo account that it opens one trade at a time. Is the EA written that way?
  • #239
  • Nov 12, 2018 8:26am Nov 12, 2018 8:26am
Quoting doha
I observed on demo account that it opens one trade at a time. Is the EA written that way?
Yes, it works by opening one trade at a time.
  • #240
  • Nov 13, 2018 3:52am Nov 13, 2018 3:52am
Quoting Pawel.Gawron
{quote} Yes, it works by opening one trade at a time.
Hy any news for your last update?
Thanks
Best regards
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