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My "Ultron" EA for GBPUSD H1 timeframe

  • #1,661
  • Mar 28, 2019 6:45am Mar 28, 2019 6:45am
Quoting majamivice
{quote} Same as yours, just ignore word Basket, this is from basket trading EA. And here we have Add BE with profit lock where we can choose how much profit we want lock after trailing start, and then trailing step same as yours.
OK, so if I understand it correctly, it would work as follows:

  1. Price hits 35 pips profit.
  2. Stop loss is moved to +30 pips profit.
  3. SL stays where it is until price reaches 35 pips ahead of SL.
  4. SL is then moved forward 5 pips.
  5. Repeat 3 and 4 until SL or TP is hit.

Does that describe it properly?

"Pips are vanity. Profit is sanity."
  • #1,662
  • Mar 28, 2019 6:52am Mar 28, 2019 6:52am
Quoting PaulDV
{quote} OK, so if I understand it correctly, it would work as follows: Price hits 35 pips profit. Stop loss is moved to +30 pips profit. SL stays where it is until price reaches 35 pips ahead of SL. SL is then moved forward 5 pips. Repeat 3 and 4 until SL or TP is hit. Does that describe it properly?
No.
When profit hit 35 pips
Move SL at BE + Lock profit ( you decide how much you want to lock after BE)
Trailing step as yours.
  • #1,663
  • Mar 28, 2019 6:54am Mar 28, 2019 6:54am
Quoting PaulDV
{quote} OK, so if I understand it correctly, it would work as follows: Price hits 35 pips profit. Stop loss is moved to +30 pips profit. SL stays where it is until price reaches 35 pips ahead of SL. SL is then moved forward 5 pips. Repeat 3 and 4 until SL or TP is hit. Does that describe it properly?
nope.

Now, you calculating Trailing Stop- 23 from Open price.

BE_profit=10 pips

But now you calculate new open price for calculation - Open Price+10 pips.

So trailing stop is essentially 23+10 pips.

You use instead of Open price- Open Price+BE_profit
  • #1,664
  • Mar 28, 2019 6:57am Mar 28, 2019 6:57am
Quoting majamivice
{quote} No. When profit hit 35 pips Move SL at BE + Lock profit ( you decide how much you want to lock after BE) Trailing step as yours.
I think that's exactly what I said, only in a different way.

If price hits +35, move SL to +30, then trail as normal.
"Pips are vanity. Profit is sanity."
  • #1,665
  • Mar 28, 2019 6:58am Mar 28, 2019 6:58am
Quoting cdsaa
{quote} nope. Now, you calculating Trailing Stop- 23 from Open price. BE_profit=10 pips But now you calculate new open price for calculation - Open Price+10 pips. So trailing stop is essentially 23+10 pips. You use instead of Open price- Open Price+BE_profit
Sorry, but I don't understand any of that.

Can you break down the logic into bullet point like I did?
"Pips are vanity. Profit is sanity."
  • #1,666
  • Mar 28, 2019 7:01am Mar 28, 2019 7:01am
Quoting PaulDV
{quote} I think that's exactly what I said, only in a different way. If price hits +35, move SL to +30, then trail as normal.
Sorry, that was exactly the same as I want to say, I just forgot what numbers was in the picture I uploaded.
You don't change logic of EA with this change , just add BE option for those who want that option.
  • #1,667
  • Mar 28, 2019 7:01am Mar 28, 2019 7:01am
Quoting PaulDV
{quote} I can't seem to find the offset for ThinkFX, but it might be GMT+4 right now (I believe they are UTC+3 by default, but may have gone to DST by now). IC Markets are definitely GMT+3 at the moment. Pepperstone are currently GMT+2. So, you actually have a range of server times there. You really should know your broker's GMT offset - it's very important for many EAs.
Paul, in my VPS time for all 3 it shows GMT+3
Unless Pepperstone just changed.
  • #1,668
  • Mar 28, 2019 7:04am Mar 28, 2019 7:04am
Quoting PaulDV
ULTRON_PDV_105 Updates: Startup messages are now output to the log. Improved some startup check messages. Improved the efficiency of the info panel. Added trade statistics to info panel. Detect the cycle on startup if using progressive lot sizes. Allow for starting cycle at a specific point. Amended the logic for the retrace feature to improve profitability. If you leave the broker offset as zero, you are now prompted when starting the EA to ensure that you mean to do this, as most brokers are not on GMT time. The Retrace Exit feature is now on...
Hi Paul..
appreciate all the improved version provided. Is there anyone had tested with tick data for year 2016 - 2017 ?
  • #1,669
  • Mar 28, 2019 7:07am Mar 28, 2019 7:07am
Quoting PaulDV
{quote} Sorry, but I don't understand any of that. Can you break down the logic into bullet point like I did?
OK, so if I understand it correctly, it would work as follows:

variables
BE_Profit/LockProfit = 10
TrailingStop=23
TrailingStep=2

 

  1. Price hits 33 pips profit.
  2. Stop loss is moved to +10 pips profit.
  3. SL stays where it is until price reaches 23 pips ahead of SL.
  4. You continue using Trailing Step & Trailing Stop - like in current TrailingSL
  5. Repeat 3 and 4 until SL or TP is hit.

  • #1,670
  • Mar 28, 2019 7:08am Mar 28, 2019 7:08am
Quoting Johannes7
{quote} Paul, in my VPS time for all 3 it shows GMT+3 Unless Pepperstone just changed.
Then the only reason you would get different results would be down to different spreads and market prices offered by the broker (many don't give you the true market price).

I know that IC Markets are true ECN, but what about the others?
"Pips are vanity. Profit is sanity."
  • #1,671
  • Mar 28, 2019 7:17am Mar 28, 2019 7:17am
Quoting cdsaa
{quote} OK, so if I understand it correctly, it would work as follows: variables BE_Profit/LockProfit = 10 TrailingStop=23 TrailingStep=2 Price hits 33 pips profit. Stop loss is moved to +10 pips profit. SL stays where it is until price reaches 23 pips ahead of SL. You continue using Trailing Step & Trailing Stop - like in current TrailingSL Repeat 3 and 4 until SL or TP is hit.
Nope. Price hits 23 SL moves to 10. Price hits 25 SL moves to 12.
  • #1,672
  • Mar 28, 2019 7:19am Mar 28, 2019 7:19am
Quoting majamivice
{quote} Nope. Price hits 23 SL moves to 10. Price hits 25 SL moves to 12.
ok.
  • #1,673
  • Mar 28, 2019 7:31am Mar 28, 2019 7:31am
Quoting cdsaa
{quote} OK, so if I understand it correctly, it would work as follows: variables BE_Profit/LockProfit = 10 TrailingStop=23 TrailingStep=2 Price hits 33 pips profit. Stop loss is moved to +10 pips profit. SL stays where it is until price reaches 23 pips ahead of SL. You continue using Trailing Step & Trailing Stop - like in current TrailingSL Repeat 3 and 4 until SL or TP is hit.
Thanks - that's much easier for my brain!

OK, so there seems to be a slight difference between this and what @majamivice is asking for.

You're saying don't lock in until we reach TSL start + LockInProfit; @majamivice is saying lock in when we reach TSL start.

The issue with the former is that you might miss the lock-in point; the issue with the latter is that you are likely to get stopped out for the LockInProfit.

I do have 'standard' BE code in the EA that is currently commented out. It consists of two parameters:
BE_At
BE_Profit

The way the standard code works is:

If BE_At is not zero, then the SL will be moved to BE when the number of pips profit is reached.

If BE_Profit is not zero, then the SL will be moved past BE to lock in the number of pips profit.

Trailing SL works only when price is ahead of either the OpenPrice or the SL (whichever is greater) by the specified trailing value.


This would cater for both scenarios mentioned:

TrailStart=23
TrailStep=2
BE_At=33
BE_Profit=10

and

TrailStart=35
TrailStep=5
BE_At=35
BE_Profit=30

The only issue I have with this is that it is introducing ever more variations to test out, but could possibly help in those 'bad' periods...
"Pips are vanity. Profit is sanity."
  • #1,674
  • Mar 28, 2019 7:38am Mar 28, 2019 7:38am
Quoting majamivice
{quote} Nope. Price hits 23 SL moves to 10. Price hits 25 SL moves to 12.
Oh, so when you said 'trail as normal' you meant trail from OpenPrice and not the SL.

In my previous example, this would be achieved by:

TrailStart=15
TrailStep=2
BE_At=23
BE_Profit=10
"Pips are vanity. Profit is sanity."
  • #1,675
  • Mar 28, 2019 7:41am Mar 28, 2019 7:41am
Quoting PaulDV
{quote} Thanks - that's much easier for my brain! OK, so there seems to be a slight difference between this and what @majamivice is asking for. You're saying don't lock in until we reach TSL start + LockInProfit; @majamivice is saying lock in when we reach TSL start. The issue with the former is that you might miss the lock-in point; the issue with the latter is that you are likely to get stopped out for the LockInProfit. I do have 'standard' BE code in the EA that is currently commented out. It consists of two parameters: BE_At BE_Profit...
It is nice.
  • #1,676
  • Edited 7:58am Mar 28, 2019 7:43am | Edited 7:58am
this version is implemented by BE. This version with a fixed lot, but the principle of operation can be viewed.
Only trailing works differently.
Attached File(s)
File Type: ex4 ULTRON-3.2.0-VTB.ex4   65 KB | 556 downloads
  • #1,677
  • Mar 28, 2019 7:46am Mar 28, 2019 7:46am
Sells trades closed in Lite 3.1 and PDV
+ 20 pips
  • #1,678
  • Mar 28, 2019 8:08am Mar 28, 2019 8:08am
Quoting PaulDV
{quote} Oh, so when you said 'trail as normal' you meant trail from OpenPrice and not the SL. In my previous example, this would be achieved by: TrailStart=15 TrailStep=2 BE_At=23 BE_Profit=10
In my exemple as I described above.
TrailStart=23
AddBE=true
BE Lock in=10
TrailStep=2

Price hits 23 pips profit, BE moves to 0+10 pips, price hits 25 profit SL moves to 12 and so on.
  • #1,679
  • Mar 28, 2019 8:16am Mar 28, 2019 8:16am
Quoting fareed51
{quote} Mrdrfx, your trade was lucky to survive with SL 100pip against ours SL @70 pips. Gbpusd retract and I did notice your account was $20 - $40 floating profit. Your trailing-sl didn't save the trade and SL @100 pip hit.
Yes unfortunately it hit SL and Murphy's Law the first trade on the small account loses.

The TS did not activate as I have it set at 40 - 2 and the trade went in profit max 39 pips so it missed the TS by 1 pip. It would have been a good catch if it could have caught the TS and booked some profit before the retrace.

It's fine Ultron will recover, its only the first week, lets see after a cpl of months.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,680
  • Mar 28, 2019 8:40am Mar 28, 2019 8:40am
Quoting majamivice
{quote} In my exemple as I described above. TrailStart=23 AddBE=true BE Lock in=10 TrailStep=2 Price hits 23 pips profit, BE moves to 0+10 pips, price hits 25 profit SL moves to 12 and so on.
Basically, what you're describing is a 15/2 trailing stop, i.e. you start trailing after the SL is moved into profit by 10 pips, but you then start trailing the stop in steps of 2 with a distance of 15 (25-10=15).

So, we're talking the same strategy, but the parameters would be set as I'd described.

It may make a bit more sense if I reverse the order of the parameters like this:

BE_At=23
BE_Profit=10
TrailStart=15
TrailStep=2

So: when price is 23 pips in profit, SL is moved to +10 pips, and then price trails by 15 pips in steps of 2.
"Pips are vanity. Profit is sanity."
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