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Monday/Tuesday Breakout EA

  • #161
  • May 7, 2020 10:40pm May 7, 2020 10:40pm
Paul,
I hate to ask you to add a variable to your EA, as there seems to be many such requests being thrown at you, but I do have a simple (I hope) one to suggest. Could you make the number of trades allowed per week, a variable? I'm trying to eliminate the situation wherein price triggers a trade, then reverses, goes the opposite direction and hits SL. In many such cases, price then proceeds past the opposite trigger and on to where TP would have been hit. A loss could be avoided with a tight Break even setting and a second trade being activated. In that case, if the trade reversed, it would be closed by the Break even setting, then a second trade would be opened in the opposite direction when price crossed the trigger. I can see one problem with tight Break even's being, price often retraces, without hitting SL, then continues in the original direction. Accordingly, a second (or even a third) opening could be in either direction. I hope that makes sense?
Thanks and keep up the good work!
  • #162
  • May 8, 2020 12:45pm May 8, 2020 12:45pm
Quoting pantera1
Paul, I hate to ask you to add a variable to your EA, as there seems to be many such requests being thrown at you, but I do have a simple (I hope) one to suggest. Could you make the number of trades allowed per week, a variable? I'm trying to eliminate the situation wherein price triggers a trade, then reverses, goes the opposite direction and hits SL. In many such cases, price then proceeds past the opposite trigger and on to where TP would have been hit. A loss could be avoided with a tight Break even setting and a second trade being activated....
That is simplicity itself, as the variable was originally in the list of parameters and I have simply hidden it. I'll default it to 1 and allow it in the parameters.

That said, I doubt it will actually help as a loss is often followed by a win, a win followed by a loss, and a loss followed by another loss, and, occasionally, a win followed by another win...so it will be interesting to see just how effective it would be.

Of course, there's no reason why you can't enter a second order yourself manually at the entry lines when the first order is closed.
"Pips are vanity. Profit is sanity."
  • #163
  • May 10, 2020 11:03am May 10, 2020 11:03am
Version 1.08 has been posted to post #1.
"Pips are vanity. Profit is sanity."
  • #164
  • May 11, 2020 5:46am May 11, 2020 5:46am
Thanks
  • #165
  • May 12, 2020 9:39am May 12, 2020 9:39am
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  • #166
  • May 13, 2020 1:39am May 13, 2020 1:39am
Quoting PaulDV
Version 1.08 has been posted to post #1.
I put 2 for the allowed trades, thinking it would be to allow a second trade when the first was closed out

But it opened 2 trades for the first signal line on 9 pairs so far

Click my name and scroll down to the #2 Trade Explorer, heck, you know how to do that

It takes a lot for me to IGNORE you, but you can try.
  • #167
  • Edited 2:06am May 13, 2020 1:49am | Edited 2:06am
Quoting Erebus
{quote} I put 2 for the allowed trades, thinking it would be to allow a second trade when the first was closed out But it opened 2 trades for the first signal line on 9 pairs so far Click my name and scroll down to the #2 Trade Explorer, heck, you know how to do that
Sorry about that - Your interpretation is the intended functionality, so I'll have to take a look at the logic again.

But, I did say that I recommend you stick to using '1'

EDIT: found it! Literally a 1-character change to the code!

There are two variables that control the number of trades for a pair: one controls the maximum number of trades that can be open at one time, the other the maximum number of trades for a pair for any given week - this overrides the first. I exposed the latter, but I must have been testing with multiple trades in the past, and had left the maximum number of open trades as 2. While the max trades per week as 1, it was overriding the max open trades, but when set to 2, the max open trades suddenly came into play...hence 2 trades opened.

I'll post a quick fix shortly.

EDIT2: Now I remember why I set max open trades to 2: to allow a trade to carry over to the following week, but still allow a new trade to be opened for the new week.
So, the logic will need to be reviewed to allow the proper intended functionality...this will take me a little longer that I'd thought.
"Pips are vanity. Profit is sanity."
  • #168
  • May 13, 2020 7:00am May 13, 2020 7:00am
Quoting PaulDV
{quote} Sorry about that - Your interpretation is the intended functionality, so I'll have to take a look at the logic again. But, I did say that I recommend you stick to using '1' EDIT: found it! Literally a 1-character change to the code! There are two variables that control the number of trades for a pair: one controls the maximum number of trades that can be open at one time, the other the maximum number of trades for a pair for any given week - this overrides the first. I exposed the latter, but I must have been testing with multiple...
No rush, it's only on demo, this is why we are testing for you, if we stick to the suggestion of 1, never find the error

Thanks, John

It takes a lot for me to IGNORE you, but you can try.
  • #169
  • May 13, 2020 12:13pm May 13, 2020 12:13pm
Quoting Erebus
{quote} I put 2 for the allowed trades, thinking it would be to allow a second trade when the first was closed out But it opened 2 trades for the first signal line on 9 pairs so far Click my name and scroll down to the #2 Trade Explorer, heck, you know how to do that
I noticed the same thing. Multiple trades are opening simultaneously rather than consecutively.

The other thing I noticed was, some trades were being closed by the Break even function that didn't come close to hitting the Break even level I'd set (0.24 x SL, zero pips to lock-in).

Finally, I received error #133 when trying to open a buy on XAUEUR. The size of the trade was well within range. Here's a copy of the journal entry. I received this entry a dozen times, or so. Yes, I had both SL and TP set at the same levels as all other pairs.

Thanks Paul !

Attached Image (click to enlarge)
Click to Enlarge Name: XAUEUR Error.png Size: 24 KB
  • #170
  • May 13, 2020 4:39pm May 13, 2020 4:39pm
Quoting pantera1
{quote} I noticed the same thing. Multiple trades are opening simultaneously rather than consecutively. The other thing I noticed was, some trades were being closed by the Break even function that didn't come close to hitting the Break even level I'd set (0.24 x SL, zero pips to lock-in). Finally, I received error #133 when trying to open a buy on XAUEUR. The size of the trade was well within range. Here's a copy of the journal entry. I received this entry a dozen times, or so. Yes, I had both SL and TP set at the same levels as all other pairs....
Could you provide an example of one of the trades that were closed by the BE function?

Regarding the XAUEUR trade: take a look at the last part of the message - trading was disabled...this is usually down to your broker disabling trading on that instrument.
"Pips are vanity. Profit is sanity."
  • #171
  • May 13, 2020 6:08pm May 13, 2020 6:08pm
Quoting PaulDV
{quote} Could you provide an example of one of the trades that were closed by the BE function?
Paul, eg. NZDJPY - opened today at 02:54:30 / $65.054. It was closed by SL at 03:20:26 / $65.057. It shows the SL was set at $65.054. I had Break even set at 0.25 x SL, which I don't believe price ever got close to. It was a Demo account, although I don't believe that had any bearing.

Thanks!
  • #172
  • May 13, 2020 7:26pm May 13, 2020 7:26pm
Quoting pantera1
{quote} Paul, eg. NZDJPY - opened today at 02:54:30 / $65.054. It was closed by SL at 03:20:26 / $65.057. It shows the SL was set at $65.054. I had Break even set at 0.25 x SL, which I don't believe price ever got close to. It was a Demo account, although I don't believe that had any bearing. Thanks!
What were your entry parameters, and what is your brokers offset?
"Pips are vanity. Profit is sanity."
  • #173
  • May 14, 2020 12:34am May 14, 2020 12:34am
Quoting PaulDV
{quote} What were your entry parameters, and what is your brokers offset?
Paul, My broker's offset is GMT+2 hours. I was using closes to determine range, an entry ratio of 10% (I know, just trying different things) and a SL of 50%.
  • #174
  • May 14, 2020 1:49am May 14, 2020 1:49am
Quoting pantera1
{quote} Paul, My broker's offset is GMT+2 hours. I was using closes to determine range, an entry ratio of 10% (I know, just trying different things) and a SL of 50%.
It'll most likely be spread.

These are the two candles responsible:
Attached Image


Depending on your broker's feed and spread, it looks like an entry was triggered on the first candle (giving the red line as the entry price), and the second candle then opened and continued short, most likely triggering the break even, and then turned around and stopped out.
"Pips are vanity. Profit is sanity."
  • #175
  • May 14, 2020 1:53am May 14, 2020 1:53am
That’s a shame really, NZD pairs are powering on, and more to come IMHO

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #176
  • Edited 7:27am May 14, 2020 6:02am | Edited 7:27am
What's going on here Paul? See the date, only just opened now, some calculation possibly?

On Edit: Just realized that the narrow 19 pip range account for the large trade size, and the red status of stop loss, must be alright

Attached Image (click to enlarge)
Click to Enlarge Name: 2020-05-14_20-57-18.jpg Size: 587 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 2020-05-14_20-59-25.jpg Size: 296 KB
It takes a lot for me to IGNORE you, but you can try.
  • #177
  • May 15, 2020 12:12am May 15, 2020 12:12am
This weeks result
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 61 KB
  • #178
  • May 15, 2020 12:50am May 15, 2020 12:50am
Quoting Toppi
This weeks result {image}
This week I'm testing EA with OOTB settings and Erebus settings. Both are at a loss.
Please excuse the bad English via Google Translate.
  • #179
  • May 15, 2020 3:34am May 15, 2020 3:34am
mine was a win this week. you have to know to close the trades when you are in good profit, usually wednesday evening or thursday afternoon are good times to do this.

another thing that was profitable for me this week was following Dtde's advice on post 132 to use them on indices, his settings are there. that was a very nice start this week

blam


Quoting dokopy
{quote} This week I'm testing EA with OOTB settings and Erebus settings. Both are at a loss.
  • #180
  • May 15, 2020 6:44am May 15, 2020 6:44am
I use all majors, minors, gold, oil, and Equity Sentry v1.4c. Before with 10 % profit target for the account, now I'm testing 5%
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