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London close trading system for currencies

  • #2,021
  • Jul 4, 2019 5:47am Jul 4, 2019 5:47am
Dear All,

Even after synchronization the VPS GMT remain different from Real GMT.
VPS GMT - 07:33
Real GMT - 10:33

I already ask the technical department on my VPS and on my previous thread you can see the answer.


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 374 KB


Regards
Vesko
  • #2,022
  • Jul 4, 2019 6:40am Jul 4, 2019 6:40am
you must give in your VPS your PC time with the "nettimesetup"
I have sent here in the Post # 2014
  • #2,023
  • Jul 4, 2019 8:16am Jul 4, 2019 8:16am
Quoting ghostbiker
you must give in your VPS your PC time with the "nettimesetup" I have sent here in the Post # 2014
Thanks a lot Ghostbiker,

I did instal " nettimesetup " and everything finally is in order. The VPS GMT = Real GMT


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Best Regards
Vesko
  • #2,024
  • Jul 4, 2019 9:57am Jul 4, 2019 9:57am
Quoting veslup
{quote} Thanks a lot Ghostbiker, I did instal " nettimesetup " and everything finally is in order. The VPS GMT = Real GMT {image} Best Regards Vesko
GOOD JOB!

It really should not matter cause the EA is supposed to take care of the gmt time no matter what the local PC time is (UTC or any other time zone). But since you are using a windows SERVER vs a regular windows OS then that may be the reason it was different... MAYBE.

You got me curious LOL. This is a new challenge that I would like to look into. LOL. Oh well whenever I get a chance I will setup a windows server and see what is going on...

best of luck
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  • #2,025
  • Jul 4, 2019 10:03am Jul 4, 2019 10:03am
Quoting NewtonForex
Xmess7 can you tell me why basket did not close when basket tp was reached. There where one trade open and tp/sl was set accordingly to the rules. {image} {image}
Newton:
The tp/sl for the baskets is in % gain not pips. Based on your balance and the margin you are using that one trade that appeared did not move high enough to generate the take profit % gain. Looks Like I need to move that input just above the basket tp/sl, I think that is what is causing the confusion.

OK guys another update is coming up... I am going to add an option for you to pick if you want the basket tp/sl to be in % or pips. In fact it will be for all things like how max/min are reported.

Remember the display was the last thing I added and so what you are seeing is basically the developer display. Which only has the items that more critical for monitoring. It is not like a production display, where you provide the trader all kinds of information and features they can use. So yea I anticipate there will probably more folks asking for certain things.

Now worries, it will get done
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  • #2,026
  • Jul 4, 2019 10:25am Jul 4, 2019 10:25am
- I have the Basket TP in EUR or $

- the TP for each order is 20 Pips

- I change the Basket TP (EUR) after the number of orders are coming

- example: 0.10 Lot x 5 orders x 15 EUR = 75 EUR x 1/3 = 25 EUR / $ Basket TP (up to 30 EUR / $ is possible)

- example: 0.10 Lot x 7 orders x 15 EUR = 105 EUR x 1/3 = 35 EUR / $ Basket TP (up to 45 EUR / $ is possible)

- the Basket TP closed if the Basket in EUR / $ is reached (each order closed immediately if the TP 20 Pips is reached)
  • #2,027
  • Jul 4, 2019 10:45am Jul 4, 2019 10:45am
Quoting NewtonForex
Hi Xmess7 and thank you for this free Ea. I have tried it for a couple of days and still testing basket tp/sl. Here are some ideas if you want to develop further. a) A basket trailstop same as your weekly ccfp basket EA. b) Variable pip requirement instead of 8 in general or perhaps a group defined requirement so a defined low spread currencies could have lower pip requirement than high spread currencies. c) I don't know if this is a good idea but a combined basket and single trade sl/tp depending on which comes first. So if the basket hit sl/tp...
a) basket trailing stop - hmm I will look into that... the reason is that in this EA what is taken as the gain is not only the trades that are opened but the trades that are closed for the day. Remember most of the traders will opt to have individual TPs and SLs (as created by the zones) and some trades will close as the day progresses, which removed them from the basket. So in order to get the correct gain I have the EA add up the current open gains plus the closed gains (for the current session). Basically, the EA takes to total of the open trades and closed trades (of the same day/session) and uses that to compare again the basket TP/SLs. In essence you are telling the EA that your goal for the DAY is x% tp and z%SL for the basket.
So I would need to make sure that is in place cause otherwise the gain may never be reached and one trade that is left open could essentially create an over loss, maybe...

b) Variable pip requirement instead of 8 pips - Ok, this is the originators recommendation, but I can see why this may benefit the user. Perhaps this requirement is more dependent on market conditions. Yea, I will add this input to the next version.

c) I didn't understand this request. If I understood you would want the EA to switch from Basket TP/SL to individual TP/SL depending on which was hit first. Is that correct? That can only be done if I do not set the individual TP/SLs but make the EA remember them and monitor them, and only if those levels are crossed then I would switch and create the REAL individual Stops and the basket TP/SLs would be deactivated for the session. Now most of what you noted in this suggestion is already done
- When you set the basket TP/SL, the moment the basket hits either TP or SL all trades + pending orders are closed
- The individual TP/SLs are always calculated from the zones (unless the user manually enters them in the StopLoss/TakeProfit inputs or decides not to have individual trades.
- I'll look into and see if I can do this quickly otherwise it will have to wait.

Remember you indicated "I don't know if this is a good...". Which tells me that you are not sure if this adds any benefit. So the effort can be minimal to implement
LOL

Jess
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  • #2,028
  • Jul 4, 2019 10:48am Jul 4, 2019 10:48am
Quoting ghostbiker
- I have the Basket TP in EUR or $ - the TP for each order is 20 Pips - I change the Basket TP (EUR) after the number of orders are coming - example: 0.10 Lot x 5 orders x 15 EUR = 75 EUR x 1/3 = 25 EUR / $ Basket TP (up to 30 EUR / $ is possible) - example: 0.10 Lot x 7 orders x 15 EUR = 105 EUR x 1/3 = 35 EUR / $ Basket TP (up to 45 EUR / $ is possible) - the Basket TP closed if the Basket in EUR / $ is reached (each order closed immediately if the TP 20 Pips is reached)
The boss has spoken!! LOL
Now this is something I recall that she mentioned many posts ago, I just forgot about it.
That is changing the TP. Can the EA do this, YES,,, all I need to see is the pattern and it will be programmed into the EA.
Plus it will be an option so you don't have to use it if you do not feel comfortable.

Let me digest this post and formulate a pattern so the EA can use it.

thnx Ghost
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  • #2,029
  • Jul 4, 2019 11:11am Jul 4, 2019 11:11am
To confirm was there any trades taken today via Xmess7 EA? I followed the steps above including the nettimer...but no trades on mine...
  • #2,030
  • Jul 4, 2019 11:21am Jul 4, 2019 11:21am
Hi there,

Today I don't have open positions.

Regards
Vesko
  • #2,031
  • Jul 4, 2019 11:30am Jul 4, 2019 11:30am
UPDATE on EA.

Folks I took a look at the code and remember how I have the list of pairs separated intro three inputs??
Well I think that is messing with the start of the trades and that is why we are not seeing trades open up OR even
debug messages. REmember for now set the debug flag to true. If you do not SEE ANY DEBUG messages let me know, that means that NOTHING
is happening.

Once you see that the EA is functioning as you expect, then yea set the debug=false.

I will have an update soon.
If we still have issues ... then what I will do is provide version 18. That was the last TEST EA that worked perfectly. Granted you will not have the display but it DOES work.
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  • #2,032
  • Jul 4, 2019 11:31am Jul 4, 2019 11:31am
yes no orders today, all prices in the middle of Fibonacci :-)
  • #2,033
  • Jul 4, 2019 11:43am Jul 4, 2019 11:43am
Folks:
I figured out the issue. Turns out that the EA was set to check the open price only ONCE a day. That is only at 00:00 and then it would go to sleep... LOL not the correct thing right? Why did I make it do that? It has to do with not letting the EA check once at GMT time and then continue to check... if that happens then you would get ALOT more trades LOL. So in order to avoid that I wanted the EA to wake up at 00:00 and also check if the trade time had come. Then once the trade time happen and all of the symbols were examined then just monitor the basket and NOT check any open times until the next day..

Easy fix. I am testing right now ..

Will have version 20 out in a bit.

PEACE
J
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  • #2,034
  • Jul 4, 2019 4:20pm Jul 4, 2019 4:20pm
EA UPDATE.

Version 21 is out. Tested and working, well until you find a bug of course LOL.

Get it at:
https://github.com/xmess7/LondonCloseEA

Instruction Video:
Inserted Video
Attached File(s)
File Type: txt POST_WITH_LONDONCLOSE_EA_UPGRADE.txt   < 1 KB | 181 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #2,035
  • Edited 10:07pm Jul 4, 2019 7:43pm | Edited 10:07pm
Quoting xmess7
{quote} The boss has spoken!! LOL Now this is something I recall that she mentioned many posts ago, I just forgot about it. That is changing the TP. Can the EA do this, YES,,, all I need to see is the pattern and it will be programmed into the EA. Plus it will be an option so you don't have to use it if you do not feel comfortable. Let me digest this post and formulate a pattern so the EA can use it. thnx Ghost
Could it be an idea to make a report/backtest on this strategy if it is possible: say 1 year and list currency pair; number of trades; gained pips; lost pips; pipvalue so we can have an idea of average single currency pair SL/TP in pips and $ and also the total average per trade for all pair.

And a crazy idea. Use thise results as a daily basket SL/TP depending on which pair opens.

I also think about letting the Ea run on two different charts with low pip requirement / low spread and lower basket SL/TP and higher pip requirement / high spread and higher basket SL/TP.
  • #2,036
  • Edited 10:10pm Jul 4, 2019 8:07pm | Edited 10:10pm
Quoting xmess7
{quote} a) basket trailing stop - hmm I will look into that... the reason is that in this EA what is taken as the gain is not only the trades that are opened but the trades that are closed for the day. Remember most of the traders will opt to have individual TPs and SLs (as created by the zones) and some trades will close as the day progresses, which removed them from the basket. So in order to get the correct gain I have the EA add up the current open gains plus the closed gains (for the current session). Basically, the EA takes to total of the...
A) I agree with you bad idea. Maybe profit lock but not trail.
C) I will try another way.
A cumulative TP/SL so it calculates the closed and the open trades P/L, commission and swap included.
So give the single trades the normal SL/TP fib levels and then close open trades and pending orders when the total goal for the day is reached.
The idea is to bank the pips continuously and close the Ea when the daily goal is reached. You prevent possible loss but also possible wins. Hard to say if good
idea when have not tested it. Therefore good to have GB and you as experienced traders to comment.
  • #2,037
  • Jul 5, 2019 5:03am Jul 5, 2019 5:03am
@NewtonForex:

C) we have this in our EA included and working

Backtest is not possible, but if you have any way please do so and post the results here
  • #2,038
  • Jul 5, 2019 6:06am Jul 5, 2019 6:06am
Quoting ghostbiker
@NewtonForex: C) we have this in our EA included and working Backtest is not possible, but if you have any way please do so and post the results here
GB do you mean yours or Xmess7s EA?

I was thinking about to backtest one pair at the time with the normal rules (no basket sl/tp) but maybe there will be problems with ADR and GMT time, and for sure if you don't have quality data (which I don't) then you get very unreliable results.
  • #2,039
  • Edited 9:32am Jul 5, 2019 6:15am | Edited 9:32am
I mean xmess7 EA

you can download quality data by "dukascopy" with 99% for all 28 pairs
and make all backtests for the 28 pairs with the rules if is possible
  • #2,040
  • Jul 5, 2019 10:26am Jul 5, 2019 10:26am
EA UPDATE - IMPORTANT

Please re-download version 21 IMMEDIATELY.

I had to fix the history PIP count. The EA was reading the PIP COUNT IN POINTS.
Now what would that of done is that your TP/SLs would of been alot SMALLER.
Plus corrected the week pips count.

Fix copy of version 21 is now available.
https://github.com/xmess7/LondonCloseEA
Attached File(s)
File Type: txt POST_WITH_LONDONCLOSE_EA_UPGRADE.txt   < 1 KB | 163 downloads
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