Flyer! EA - New Thread!

Quoting chad

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LotPercentage=8.00000000
MinVal=1000.00000000
StopLossVal=60
TimePeriod=15
PointAdjust=0.00010000
TrailingStopLevel=50
BrokerMinLotSize=0.01000000
FixedLots=0
MyLotSize=1.00000000
LotValue=0
MarginVal=100


my gbpusd setting.

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Quoting glenn5t

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Running the Flyer. version 1.00B but notice that it opens a trade with no T/P.

How can i enter a take profit...I have three pairs running and its the same on all of them.

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Quoting crusinnj

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Marci,

I had the flyer EA running but notice that it wasn't performing any trades. I followed the settings recommend and wondered if there was something else to add. I was using a demo account with 50,000 usd in it and set it to min 5,000 usd and used the defaults. The expert stated that it was reviewing a position but the trade = 0. Can you advise what might be wrong with this. Again, appreciate the fact that real people are as open and sharing out there than we seem to meet on the roads while driving.. Thanks for all your hard earned efforts. My sincere appreciation for your guidance

Rich

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Quoting GirlFlyer

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Chad, I might suggest you change your BrokerMinLotSize setting to 0.1. I've noticed most brokers don't allow 0.01. That might be why you're not getting any trades.

Marci

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Quoting chad

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thanks marci, my problem is resolved. new gbpusd position opened right after min lot size is set to 0.1. Thanks for being so helpful.

is your new ea ready ? the one which u achieve 99.75% success?

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Quoting GirlFlyer

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I'm working on an updated version, however, much to my dismay, read post #156. It explains the reason why the accuracy is so high.

Marci

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Quoting witchazel

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oh, have you converted your 1 minute data upwards for the other time frames?


see step 2 here: http://www.forexfactory.com/forexfor...06&postcount=2

you can just get alpari minute data and convert it up for all time frames.

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Quoting GirlFlyer

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Flyer is an open ended EA with no predetermined T/P level. It takes its profit when it determines the trend is over. In the case of Version B, this happens when the WMA 8 line crosses the SMA 10 (simple).

If you wish to set a different T/P, you may manually do so. It will not affect the EA. However, if the exit conditions (ie when the two MA's cross) occur before your T/P level, it will exit anyway. Otherwise, if your T/P hits first, it will exit at that point.

Hope that helps you.

GirlFlyer

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Quoting HAGeek

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been thinking about this:

Pretend for a moment that there is a small down and up whipsaw followed by a major up trend afterwards.

If i were to start the EA before the whipsaw it would get in a sell but stay in the sell even during the major uptrend due to a neg profit level and waiting to hit S/L before next trade.

But, if i were to start the EA just on the upturn of the whipsaw it would get into a buy after cross and get + pips on the major trend.

Soooo.. depending on what time you start the EA you could get different results over a long time period.

Why not:

1) Open a trade at a cross of the MA'S
2) If another cross happens but still neg pip on first trade open trade in other direction ( hedge it)

3) Just keep doing this.

or something along these lines

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Quoting 1trader2

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Girl Flyer,

I don't see where this is coded into your program. Could you point it out to me? Also, can these two MA's be user defined, and if so how would it be programmed? I am trying to see if I can better optimize this. Any help would be appreciated.

1Trader2

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Quoting chad

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i thought i had the best EA ever,

as time goes on, hmm ........

i hope someone has a clue of what am i dealing with.

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Quoting dbcmkx

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Marci,

I know there has been discussion about coding Flyer so users could select if they wanted to trading only when certain markets were open. I found the following code in another expert alert I thought may do the job. If it will do the job, can it be added to the Flyer code as a revision? I am not familiar with the MT4 editor, otherwise I would do it myself.

CODE:
if ( ((LondonOpen==true && Hour()>=7 && Hour()<=16) ||
(NewYorkOpen==true && Hour()>=12 && Hour()<=21) ||

(TokyoOpen==true && ((Hour()>=0 && Hour()<=8) ||

(Hour()>=23 && Hour()<=24)))

)

Thanks for your help.

dbcmkx

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Quote

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Chad,

If you never saw post #156, that explains what is happening. The EA actually has a win/loss ratio that seems good (around 70% in the end). But in the actual testing and things, it seems that the few losses it has are greater than all the wins it has. This is the hard part of this EA. Trying to fine tune it so that the losses are less than the wins becomes the difficult part. This is why it is necessary to run these on demo accounts.

My suggestion to you, is use the EA as its name implies, an advisor. A little human intervention on the EA to filter out the poor entries, could help to make the profits much greater or reduce the loss trades.

Hang in there though, as I have been working on some improvements, too.

GirlFlyer