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Flyer! EA - New Thread!

Quoting chad
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.
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
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
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.
Quoting glenn5t
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.
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
For those of you running Flyer, today should have been a good day. GBP/USD and EUR/USD up nicely. Version B should have nabbed some good profits on both. Version A may not have gotten as much, but still good levels.


Thanks for all your input.

Also, I am in the process of moving my household. My communication for the next couple of weeks may be limited or sporadic so please be patient if I don't get back to you right away.

Happy Trading,

GirlFlyer
Quoting crusinnj
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
Rich,

Make sure you're not getting any errors by checking your Journal tab on MT4. I suggest to everyone not getting any trades to set their minimum lot size to 0.1. Most brokers don't seem to allow the minimum size of 0.01. If this doesn't solve your problem, make sure your charts are loaded on the time period you're running Flyer in.

If after all this, and still no trades, PM me and I will see if I can help.

Marci
Quoting GirlFlyer
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
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?
Quoting chad
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?
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
Quoting GirlFlyer
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
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.
Quoting witchazel
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.
Everything's taken care of. All my data is correct now.... arghh... so frustrating that happened to begin with. Oh well, updated version of EA when I get finished optimizing should achieve around 75-80% accuracy which should create for a generally profitable EA.

GF
Quoting GirlFlyer
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
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
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
Quoting HAGeek
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
I've actually been working on this angle. The results are so so at the moment, but I'll keep you posted on this.

Also, yes you're right about the starting time of the EA. It makes a difference. I've been noticing that most of the major moves on the market come at the opening of the London session followed by later in the day with NY. I may even put a restriction to keep the EA from trading during the off hours when the minor signals cause bad trades... but, all of this takes time and work, so a few things at a time.

Thanks for your observations!

GirlFlyer
Quoting 1trader2
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
Hi 1Trader2,

The exit conditions are coded in the procedures "CheckToCloseBuy" and "CheckToCloseSell". It is just a simple "If" statement that controls the exit point. As far as the MA's are concerned, feel free to change the coding around for your own purposes, but you can't just change a variable to adjust everything. I didn't design it with that in mind. Hope that helps you.

GirlFlyer
the only reason i bring this up is that i have been running this EA with the recommended settings and my losing trades are > than my winning ones... not a good sign.

It seems to be missing ALL the good trends because it is waiting to hit the SL or get + pips on a previous trade to the major trend.
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


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.
Attached File
File Type: zip DetailedStatement.zip   9 KB | 257 downloads
Quoting chad


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.
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
Quoting dbcmkx
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
Yes,

I agree on limiting the times the EA trades. On GMT time, from around 20:00 to 05:00 are some of the slowest times which give out false signals. Eliminating the EA from these times may help it. What do you think on the timing?
Quote
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


The line between how much time you give price to move negatively in order to eventually gain your profit, and when you ultimately decide its a bad trade and get out, is a thin one. I am a simpleton, but having a relationship between indicator setup and where the tp/sl is, might be something to look into. In other words, the better the setup, the wider the stop. Also, I read the interview with the guy who is leading the EA Championship. He stressed that his EA is nimble and can turn with the market.

Good luck with the move, Marci, and keep at it.
"Its not where your at, but where your coming from"
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