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  • #6,281
  • Aug 28, 2019 8:00am Aug 28, 2019 8:00am
Quoting cyd09
{quote} it happened this to me also, after tp, it opens new sell trade.. i closed it then it opened again a new sell trade, i just let it be there and see what will happen {image}
The signal is still active on that candle.

So you should wait for the candle to close. In this case, the candle has a huge body and the price dropped to the midline. So the entry signal candle is also the exit signal candle.

If you wait for close of candle, the EA would have closed the trade. This is one of the rare cases where the trade opens and close on the same candle (due to take profit). As soon as the trade closes, the EA checks if there is an open trade and since there is none and the signal is still active, the EA will open another trade.

I advise you all to read the whole BD and BDX strategy again. If you do, many of these questions would not arise and we can focus only on bugs and questions that have not been addressed before.
  • #6,282
  • Aug 28, 2019 8:30am Aug 28, 2019 8:30am
Quoting bishopdotun
{quote} The signal is still active on that candle. So you should wait for the candle to close. In this case, the candle has a huge body and the price dropped to the midline. So the entry signal candle is also the exit signal candle. If you wait for close of candle, the EA would have closed the trade. This is one of the rare cases where the trade opens and close on the same candle (due to take profit). As soon as the trade closes, the EA checks if there is an open trade and since there is none and the signal is still active, the EA will open another...
This is more of an issue rather than a question i would say; The problem can be solved by adding a simple volume filter, e.g. volume > 2000? - no new trade.
  • #6,283
  • Aug 28, 2019 8:35am Aug 28, 2019 8:35am
Bu the volume data from an MT4 broker will bee pretty random. Possibly reflecting data from their liquidity provider, or at worst, reflecting the volumes of the broker only.
  • #6,284
  • Aug 28, 2019 8:55am Aug 28, 2019 8:55am
Steve good morning

Error Report

In my demo account 2000 stores opened in GBPCHF, GBPJPY, GBPCAD, GBPAUD.
I received a report from the broker for the hyperactivity of the account.
I enclose the corresponding catches, and a part of the GBPCHF opening time report.
My demo account is working from my pc, I may have had something with an internet failure, this was while I was not on the computer. But I want to be sure where the mistakes originate.

Thanks Steve for your time
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IH - B221 Return Today: -0.2%
  • #6,285
  • Edited 9:44am Aug 28, 2019 9:24am | Edited 9:44am
Hello Guys,
And first, kudos to the makers. This is absolutely amazing. You have enabled us to take so much of the discretion, which is subjected to all our untrustworthy emotions and imputes, exaggerated by sentiments being deliberately manipulated. Absolutely amazing!

A few ideas that may or may not be feasible. This is from my gleaming into the dark-side of the playbook, and yes, there have been others before George who have lifted the veil on the strategies of the dark side. A few of the concepts that I learned, and back in the day also tested empirically, but thats nearly 15 years ago:

1. There are hard limits on the daily/weekly movements. I.e Why don't we ever see EURUSD going through heaven, our to hell, in the same day, blasting through trillion dollars of stops? If "they" control everything, why not just make it all in one day? Reportedly, there are hard limits. Guess there has to be, otherwise the manipulation would not be allowed and we have fixed rates set by governments. Free market volatility is only OK up until a point....perhaps the true task of the market makers is actually to stabilize the market - while being "allowed" to profit from the small movements in between.

I was taught that these limits were 150 pips for EU, 250 for GPB, and 100 for Y. Similarly for week. 350 euro, 450 GP and 600 for the commodities currencies. (Don't remember the yen limits). And I believe when testing this, it held true back in the day, with exceptions being in several sigmas of deviation only. Not sure I comprehend the mechanisms fp this, either a rule self-enforced, or by someone else (i.-e govt) who will step in and reduce volatility if these limits are exceeded.

These are limits from the daily open, 0 hrs GMT. There are no playbook limits on ADR, thats just an empirically observed average. It is the delta from daily open that is guided by such rules.

Pips may not be all that scientific, and back in the day when I learned these matters, this equated to about 1 pct. euro and 1.5 on the pound, in max movement away from daily open.

As this is more relevant for a trend/momentum based system, it is not relevant here. Except possibly for TP should the odd situation arise when these limits are reached.

2. Another "rule" that may actually be relevant for a reversal trade system is the "point-of-no-return". Apparently, the rule was that when it moved beyond 75pips (at the time aft 0.5pct) away from daily open, it didn't come back. I guess this can be tested empirically, with an hypothesis sort of "If high is +0.5pct away from daily open, close will not be less than 0.5pct." This one in particular could be a filter on intraday reversal trades. While it may return the next day, chances are that it will continue to grind if the delta exceeds 0.5 pct. The limits are possibly higher for GP and the commodity currencies.

I.e, right now, with all the doom and gloom on GPB, it has only moved 0.7 pct from daily open. And at most reached an 1,2 pct down move. Why didn't it fall 5 pct? On the other hand, it has exceeded the 0.5pct limit, we shouldn't expect it to come back. At least not today.

(and I believe most of the BD systems actually indicates a continued down move on GP,. depending upon where the trade was signaled or closed,. but they don't seem to indicate a long.

Point is I guess, that this is a controlled market. As such, A reversal trade system like this, may actually work. it wouldn't work if not was truly wild and free, i. a sudden 5 pct rise, or fall, many deviations away from the daily norm.

As such, the ADR that we observe is pretty reliable, and the standard deviation, and difference between mean and median daily averages, is quite small. Which bodes well for the BD/BDX concepts.

There are many other golden nuggets, but I have always found them hard to test empirically, and probably not possible to code with objective triggers and mathematically based concepts. But admittedly, after having put in my version of the 40000hrs, I think it's real,. i.e:

- GP is used as the sentiment currency. Manipulated to create sentiments. I.e case in point right now, the GP drops, is this the last grasp at teasing in more dollar long holders until the market reverses? I.e there is no a priori reason why GP should be so much more volatile than CHF or Euro for that matter. The economic state between US and UK doesn't change in a day,. even with Brexit news, or whatever the story is going to be tomorrow.

- Trend reversals are in sequence, i.e majors, yen, commodities. Commodities rise last and fall first. (or was it the other way around?) Point is that they are being handled in groups. The EU crosses (E/G, EC, GC) are handled in between. On intraday, the moves in the crosses can mostly be predicted by the positioning of the majors at late Asia session. I.e does their position from GMT open indicate a contrarian dollar move, or are the majors positioned harmonically with respect to changes from daily open?

- First and last weeks of a month are ranging, and/or reversals. Mid-month weeks are trending. Mid-quarter months are trending. These I tested and believe found significant.
- Monday moves are reversed during the week.
- and so much more

Many of these concepts are possibly for the discretionary trader, but as the thread somewhat originated from these concepts, I decided to chip in.

Again, wonderful work!

Best,
I
  • #6,286
  • Aug 28, 2019 9:42am Aug 28, 2019 9:42am
Quoting Vicente
Steve good morning Error Report In my demo account 2000 stores opened in GBPCHF, GBPJPY, GBPCAD, GBPAUD. I received a report from the broker for the hyperactivity of the account. I enclose the corresponding catches, and a part of the GBPCHF opening time report. My demo account is working from my pc, I may have had something with an internet failure, this was while I was not on the computer. But I want to be sure where the mistakes originate. Thanks Steve for your time {image} {image} {image} {image}
Please refer to post 6263 (https://www.forexfactory.com/showthread.php?p=12468894#post12468894)

I am using 2 different brokers and I don't have this problem. I can humbly tell you that you need a new broker.

See below.. Take note of 2,3 and 4.

1. Only trade forex symbols. I am not familiar with silver and gold and there may be certain computations that should be treated differently.

2. The BDX strategy protects against opening multiple trades within the same bar. If it didn't do that then when an Entry signal occurs a new trade would be opened with each new tick. So BDX queries MT4 for the most recent trade, checks whether it matches with the current bar, and only if it doesn't then it will open a new trade. I'm wondering whether that check is failing in your example and all those trades occur within the same bar as each new tick arrives.

3. If you are trading a live Real account, then check if this also occurs on live Demo.

4. Try MT4 from a different broker. If the API that BDX uses to retrieve the most recent trade fails or if MT4 returns results in the wrong format then you are at risk of multiple intrabar trades. No one else has reported the problem so this could be broker-related.
  • #6,287
  • Edited 10:27am Aug 28, 2019 10:13am | Edited 10:27am
Quoting bishopdotun
{quote} Please refer to post 6263 (https://www.forexfactory.com/showthread.php?p=12468894#post12468894) I am using 2 different brokers and I don't have this problem. I can humbly tell you that you need a new broker. See below.. Take note of 2,3 and 4. 1. Only trade forex symbols. I am not familiar with silver and gold and there may be certain computations that should be treated differently. 2. The BDX strategy protects against opening multiple trades within the same bar. If it didn't do that then when an Entry signal occurs a new trade...
@Bishopdotun - this is the 2nd instance this error was reported. (First by Valuejager , and now by Vincente). While this could be broker related data issue, I suspect its not.

The timing of trades suggests two things may be occurring (this applies to both Valuejager and Vincente)

Open trade condition is still active while the Close Trade condition is triggerred .

In both cases, sells were being performed - this might be another clue, as the logic around the sells might have a specific bug not applicable to buys

Just my 2 cents....

Edit - Third potential - the EA's are conflicting with each other - Vincente's screen appears to have the All Pairs EA running on the 1H and 4H

2nd edit - Looks like Valuejager also had mutliple EA's running - https://www.forexfactory.com/showthread.php?p=12466812#post12466812

-Almo
  • #6,288
  • Aug 28, 2019 10:26am Aug 28, 2019 10:26am
Quoting almo
{quote} @Bishopdotun - this is the 2nd instance this error was reported. (First by Valuejager , and now by Vincente). While this could be broker related data issue, I suspect its not. The timing of trades suggests two things may be occurring (this applies to both Valuejager and Vincente) Open trade condition is still active while the Close Trade condition is triggerred . In both cases, sells were being performed - this might be another clue, as the logic around the sells might have a specific bug not applicable to buys Just my 2 cents.... -Almo
Let's deal with broker issue first. The logic of the EA checks for open trades first.

I know Vincente is using IC Markets.
Which broker is Valuejager using.

If anyone else has experienced the continuous opening and closing of trades, please indicate the following:

1. Name of broker
2. Type of account: Real or demo

All those experiencing the issue should help out by changing their broker. It costs nothing to change the broker for your demo account. That could be your only contribution to the thread. Change your broker and let's see if we can reproduce the problem in other brokers.

Meanwhile, @R4M is reading. At his convenient time, he will review the code again to find alternative solution.

One solution could be:
- Make the EA check both open and closed trades (I think at the moment it checks only the open trades)
- If there has been a trade opened within the current bar (whether still open or closed), block any new trades
- All checks will be using the magic number to remain consistent
  • #6,289
  • Edited 11:40am Aug 28, 2019 11:17am | Edited 11:40am
Quoting jdva
{quote} @R4M...unfortunately I noticed the same behaviour like Valuejager on a GN H1 trade...multiple entries on same bar in regular intervals. I had to manually close each time and as it did continue I disabled Auto Trading. On the next bar EA stopped the entries. AllPairsEA on H1 and H4 with default settings {image} Thanks for your time, jdva
I also would like to confirm the same behaviour which happened this morning around 8 am pst on one of the currency pairs. I run individual EA on the different pairs and EURGBP was opening sells and closing them (.23 cents each time) to a total amount of 100 bucks. Even when I noticed it on my cellphone i rushed to the computer and remotely stopped Autotrade and it still was opening and closing trades (sell). The EURGBP trade was opened this morning on my live account I could see it on my cell phone and everything was working flawlessly until 2 hours ago. It did not happened on my demo account. Just a crazy thought, is there chance that this "bug" could be triggered externally...(may be too crazy thought...) I will attach some picture which i managed to snap with my sellphone when I get home. Thank you. Just wanted to let you know guys.

Just saw others mentioned same activity and wanted add more infor, probably relevant. My live account broker is Oanda. I also checked and found the same activity on demo (FXCM) (didnt recognize it first) but now I remembered that i have seen the same error messages: ***Error: CloseAllSelPositionsByMagic: OrderClose failed: ErrCode4109/ Trade is not allowed in the expert property....that when sell orders were opening and closing instantly. Thank you.
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  • #6,290
  • Aug 28, 2019 11:22am Aug 28, 2019 11:22am
Quoting Cheiser
{quote} I also would like to confirm the same behaviour which happened this morning around 8 am pst on one of the currency pairs. I run individuals EA on the different pairs and EURGBP was opening sells and closing them (.23 cents each time) to a total amount of 100 bucks. Even when I noticed it on my cellphone i rushed to the computer and remotely stopped Autotrade and it still was opening and closing trades (sell). The EURGBP trade was opened this morning on my live account I could see it on my cell phone and everything was working flawlessly...
Stop complaining and do what's asked of you. Read man. Read...
  • #6,291
  • Edited 12:08pm Aug 28, 2019 11:29am | Edited 12:08pm
I would like to share my observation on continuous opening and closing of trade. I am testing with 3 difference Brokers (Liteforex/Alpari/octaFX) all are Demo a/c. When I am installing EA I got error msg from OctaFx (*** ERROR: R4M-BDX-ADR | start() | Divide-By-Zero | Check MarketWatch///*** ERROR: CheckForBuy | XAGUSD | ErrorCode: 130 -- Invalid stops) please note from OctaFx Marketwatch I can't hide metal pairs so I selected EA input option-- trade pair from market watch =False. found EA worked normal no error msg and it opened trade until above reported incident. where from Liteforex and Alpari I have hide metal pairs and selected 28 currency pairs and found EA closed and which not opened any continuous opening and closing of trade. who ever had above incident please check your markt watch which having any metal pairs.
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  • #6,292
  • Aug 28, 2019 12:01pm Aug 28, 2019 12:01pm
Quoting Cheiser
{quote} I also would like to confirm the same behaviour which happened this morning around 8 am pst on one of the currency pairs. I run individual EA on the different pairs and EURGBP was opening sells and closing them (.23 cents each time) to a total amount of 100 bucks. Even when I noticed it on my cellphone i rushed to the computer and remotely stopped Autotrade and it still was opening and closing trades (sell). The EURGBP trade was opened this morning on my live account I could see it on my cell phone and everything was working flawlessly until...
hi Cheiser,
can you check on your FXCM market watch, where any pairs other then 28 currency pairs.
thanks in advance
  • #6,293
  • Aug 28, 2019 12:01pm Aug 28, 2019 12:01pm
Quoting laureina
so I selected EA input option-- trade pair from market watch =False. found EA worked normal no error msg and it opened trade until above reported incident. where from Liteforex and Alpari I have hide metal pairs and selected 28 currency pairs and found EA closed and which not opened any continuous opening and closing of trade. who ever had above incident please check your markt watch which having any metal pairs. {image}{image}{image}
Thank you laureina for your observation, I trade only 14 pairs with individual EA...(market watch--false) I will try to get as much information which might shed some light what could cause it when I get on my home computer.

Quoting laureina
{quote} hi Cheiser, can you check on your FXCM market watch, do you have any pairs other then 28 currency pairs. thanks in advance
I have 28 pairs, no gold, no silver or anything exotic. I traded less pairs (14) trying to reduce number of trades to a manageable number. Thank you.
  • #6,294
  • Aug 28, 2019 12:42pm Aug 28, 2019 12:42pm
Broker humour...

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Wisdom begins in wonder
  • #6,295
  • Edited 3:25pm Aug 28, 2019 12:43pm | Edited 3:25pm
@Cheiser Just a crazy thought, is there chance that this "bug" could be triggered externally..
That was my first thought when I saw it. the Market Makers found a way....

If anyone else has experienced the continuous opening and closing of trades, please indicate the following:

1. name of Broker = axitrader
2. account = real live account
3. what I have done since :

Deleted every meta trader software/files, installed new mt4 from axitrader website, started Allpairs H1 and H4 again, only 28 pairs,but
autotrade only when I`m at home.

I started a demo account with admiral markets and downloaded their mt4, started Allpairs H1 and H4 again, only 28 pairs.

Compaired the HA candles charts H1 from admiralMarkets and axitrader and they are exact the same (both brokers are based and regulated in London).

Compaired the HA candles from my accounts to the examples from Bishopdotun on both FF threads and here and there is a dot missing or a cross is in a slightly different place, but that is the different open/close tick data between brokers I think (slightly different candle shapes or even color if it is a hammer or similar)

So my question is which broker(s) are you all using with the BDX system?

Edit : use marketwatch = true
Edit : When it happend I had silver,copper and gold in market watch, now I don`t, but I doubt it is the cause because the week before I had metals and oils in market watch and allpairs use market watch = true.
This is not the end, its the end of the beginning. W.C 1942
  • #6,296
  • Aug 28, 2019 4:44pm Aug 28, 2019 4:44pm
Quoting bishopdotun
{quote} Let's deal with broker issue first. The logic of the EA checks for open trades first. I know Vincente is using IC Markets. Which broker is Valuejager using. If anyone else has experienced the continuous opening and closing of trades, please indicate the following: 1. Name of broker 2. Type of account: Real or demo All those experiencing the issue should help out by changing their broker. It costs nothing to change the broker for your demo account. That could be your only contribution to the thread. Change your broker and let's see if we...
I wasn’t going to report, but seeing that other people are having same issue.

Pepperstone Live account

I have read all 315 pages of this thread, been trading for a while and been trialling this for sometime. Not complaining or asking for help.

Thanks for everything this far!
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  • #6,297
  • Aug 28, 2019 4:53pm Aug 28, 2019 4:53pm
Quoting almo
{quote} @Bishopdotun - this is the 2nd instance this error was reported. (First by Valuejager , and now by Vincente). While this could be broker related data issue, I suspect its not. The timing of trades suggests two things may be occurring (this applies to both Valuejager and Vincente) Open trade condition is still active while the Close Trade condition is triggerred . In both cases, sells were being performed - this might be another clue, as the logic around the sells might have a specific bug not applicable to buys Just my 2 cents.... Edit -...
@almo -- you know, I think you gave me a key to understand what might be happening with this intrabar trading. @bishipdotun also provided another key.

To protect against multiple intrabar trades the algorithm first checks if there are any open trades -- and, if not, will open a new trade. But if multiple EAs are running at different time frames then I can imagine a "perfect storm" where one keeps opening and the other keeps closing.

There is also a boundary case for a very large candle where multiple opening and closing on the same candle might occur.

The fixes are simple -- I'm working on it now.
  • #6,298
  • Aug 28, 2019 5:09pm Aug 28, 2019 5:09pm
So far nobody had the problem at the same time as reported (must be a lot of lurkers ) and not the same pair/metals.
In my head I see honderds of allpairs EA's waiting desperately to buy/sell the same algorithm. So it must be local or external

Just thinking out loud here,burn me down if you are feeling the need to, no worries.

allpairs and single EA are doing it, so must be BDX indicator in according with big candles and the computer where the software is located. at the bottom there is a chart which does the same thing sort of, but it is in slow motion (instead of every 32 seconds), maybe it helps.

look at the chart, sell-exit,sell-exit, sell till now

Edit : In the main time Im selling my house, I see R4M posted with the possible answer
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This is not the end, its the end of the beginning. W.C 1942
  • #6,299
  • Aug 29, 2019 1:05am Aug 29, 2019 1:05am
Quoting pukunui
{quote} I wasn’t going to report, but seeing that other people are having same issue. Pepperstone Live account I have read all 315 pages of this thread, been trading for a while and been trialling this for sometime. Not complaining or asking for help. Thanks for everything this far! {image} {image} {image}
Hi,
When copying the BDX indicators and EAs into their respective folders, dont create a folder for them. Just paste the BDX indicators in indicators folder directly and BDX EAs in experts folders directly. refresh or close the mt4 and run the EA all over again. Ensure to also keep metals such as Gold/Xauusd and XAGUSD out of the currency pairs. let us know if it corrects.

Kingsley
  • #6,300
  • Edited 2:09am Aug 29, 2019 1:45am | Edited 2:09am
Testing BDX 19237 AllPairsEA since 27th Aug 2019 with BD H1 setting recommendation.
Here is my myfxbook updated. Running on VPS 24/7

https://www.myfxbook.com/members/joshuayip/bd-h1-strategy/3506666

If someone could also help verify if you are getting any trade today. I have only one open trade since most of them TP or closed with profit yesterday. I am speaking to you 15 mins LIVE from London Open.

EDIT - AllPairs starts taking trades again! (2 new trades). Just wanted to confirm my VPS is working as it should be bcos I installed it on Ubuntu Server, running Wine and accessing it via remote desktop.

I have also a H4 and D1 Demo running but as per R4M your finding, my H4 and D1 isn't doing great either. So I have not put up a myfxbook for this. If anyone is interested to see it PM me I will set it up.


Thanks BD and R4M for this easy to use system.

Set file in case you cannot find the screenshot from RBA system thread

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File Type: txt BD AllPairs EA H1.txt   < 1 KB | 309 downloads
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