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Monday/Tuesday Breakout EA

  • #181
  • May 15, 2020 6:59am May 15, 2020 6:59am
Quoting blamshakk
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 {quote}
Thank you, I also try the indexes. Which TF to use?
Please excuse the bad English via Google Translate.
  • #182
  • May 15, 2020 9:09am May 15, 2020 9:09am
Quoting dokopy
{quote} Thank you, I also try the indexes. Which TF to use?
When PRICE breaks the chosen level of Monday and Tuesday, it does it on all time frames

It takes a lot for me to IGNORE you, but you can try.
  • #183
  • May 15, 2020 2:04pm May 15, 2020 2:04pm
No worries dokopy. The EA is timeframe-independent, meaning you can set it up on whatever timeframe charts you like, it doesn't affect the result. I have mine set at the default H1

good luck

blam

Quoting dokopy
{quote} Thank you, I also try the indexes. Which TF to use?
  • #184
  • May 15, 2020 2:17pm May 15, 2020 2:17pm
Quoting blamshakk
No worries dokopy. The EA is timeframe-independent, meaning you can set it up on whatever timeframe charts you like, it doesn't affect the result. I have mine set at the default H1 good luck blam {quote}
Worth doublechecking that statement in case you use the MA Trailing Stop ?
@PaulDV
  • #185
  • May 17, 2020 3:30pm May 17, 2020 3:30pm
Quoting corsican
{quote} Worth doublechecking that statement in case you use the MA Trailing Stop ? @PaulDV
The timeframe really doesn't matter for entries - they will be the same regardless; however, if you are using the trailing stop, then you will get differing results depending on the timeframe you use.

I suggest that you set up some tests by duplicating the charts on different timeframes (remember to use a different magic number for each timeframe) and see the results for yourselves.
"Pips are vanity. Profit is sanity."
  • #186
  • May 18, 2020 11:00am May 18, 2020 11:00am
Hit +20% - I'm done for the week!
"Pips are vanity. Profit is sanity."
  • #187
  • May 18, 2020 11:28am May 18, 2020 11:28am
Quoting PaulDV
Hit +20% - I'm done for the week!
Time travel much? is it Wednesday already where you are ? looking at the trade explorer the positions opened today.. what I'm I missing here.
  • #188
  • May 18, 2020 11:28am May 18, 2020 11:28am
Quoting PaulDV
{quote} however, if you are using the trailing stop, then you will get differing results depending on the timeframe you use.
What would be the differences in the way a TS behaves with H4 vs. D1?
  • #189
  • May 18, 2020 11:31am May 18, 2020 11:31am
Quoting jado911
{quote} Time travel much? is it Wednesday already where you are ? looking at the trade explorer the positions opened today.. what I'm I missing here.
Same question, here. I still have to wait another day, before the EA starts trading.
  • #190
  • May 18, 2020 11:36am May 18, 2020 11:36am
Quoting jado911
{quote} Time travel much? is it Wednesday already where you are ? looking at the trade explorer the positions opened today.. what I'm I missing here.
Lol - I've been experimenting and back-testing a variation of the strategy, which uses the first 10 hours of Monday to set the range, and then monitor and close all trades when it hits +10% (I've got my risk ramped up to 2% at the moment, which is why I used 20% this week).

Just 11 pairs: AUDCAD, AUDCHF, AUDJPY, AUDUSD, EURAUD, EURCAD, EURGBP, GBPAUD, GBPCHF, GBPJPY, GBPNZD.
"Pips are vanity. Profit is sanity."
  • #191
  • May 18, 2020 11:53am May 18, 2020 11:53am
Quoting PaulDV
{quote} Lol - I've been experimenting and back-testing a variation of the strategy, which uses the first 10 hours of Monday to set the range, and then monitor and close all trades when it hits +10% (I've got my risk ramped up to 2% at the moment, which is why I used 20% this week). Just 11 pairs: AUDCAD, AUDCHF, AUDJPY, AUDUSD, EURAUD, EURCAD, EURGBP, GBPAUD, GBPCHF, GBPJPY, GBPNZD.
so that's a no for time travel, I see
are you adding it as another entry type or a separate EA?
  • #192
  • May 18, 2020 12:59pm May 18, 2020 12:59pm
Quoting jado911
{quote} so that's a no for time travel, I see are you adding it as another entry type or a separate EA?
No, I'm just using the existing EA, but with different settings.
"Pips are vanity. Profit is sanity."
  • #193
  • May 20, 2020 3:24am May 20, 2020 3:24am
Don't know what's happened to the Blueberry Demo account that I'm running the EA on, lost connection about 9 hours ago, but it came back

Then a few hours ago, it dropped connection again and still dead

Used to be that the demo would expire at the end of the month, then some went to a 30 day limit

Anyway, I see OANDA is in Australia now, might set that up for next week



wow, as I posted that, looked over at my other screen, and it's live again, WTF ??
It takes a lot for me to IGNORE you, but you can try.
  • #194
  • May 20, 2020 8:06am May 20, 2020 8:06am
Hi PaulDV,

Firstly sorry for my bad English. Thanks for this great EA. But I faced some problems this week.

For GBPNZD, EA didn't open trade and give an error message.
For GBPAUD, EA opened a trade but not TP and no SL. Gave a message.
For both pairs, I attached the screenshots for my parameters and the error messages.

Best regards,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPAUD.jpg Size: 215 KB
Click to Enlarge Name: GBPNZD.jpg Size: 216 KB
  • #195
  • May 20, 2020 9:24am May 20, 2020 9:24am
Quoting cbmutlu77
Hi PaulDV, Firstly sorry for my bad English. Thanks for this great EA. But I faced some problems this week. For GBPNZD, EA didn't open trade and give an error message. For GBPAUD, EA opened a trade but not TP and no SL. Gave a message. For both pairs, I attached the screenshots for my parameters and the error messages. Best regards, {image} {image}
Hi again PaulDV,

For EURGBP I faced sam problem. EA opened an order but not TP and SL gave an error message as attached screen shot.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.jpg Size: 207 KB
  • #196
  • May 20, 2020 2:07pm May 20, 2020 2:07pm
Quoting cbmutlu77
{quote} Hi again PaulDV, For EURGBP I faced same problem. EA opened an order but not TP and SL gave an error message as attached screenshot. {image}
Hi again PaulDV, I have another problem.
For all pairs; Trade Allowed: parameter is "No- Market is closed" But today is Wednesday.
Why this situation could become? I didn't understand. Please help with my problems.
The screenshot is for example.

Thanks,
Attached Image
  • #197
  • May 20, 2020 2:13pm May 20, 2020 2:13pm
Quoting cbmutlu77
{quote} Hi again PaulDV, I have another problem. For all pairs; Trade Allowed: parameter is "No- Market is closed" But today is Wednesday. Why this situation could become? I didn't understand. Please help with my problems. The screenshot is for example. Thanks, {image}
What's the broker?

Some broker stopped trading high volatility pairs; did you get any emails from them?

Cheers, Blueberry is steaming along good now

It takes a lot for me to IGNORE you, but you can try.
  • #198
  • May 20, 2020 2:37pm May 20, 2020 2:37pm
4 weeks result
Attached Image (click to enlarge)
Click to Enlarge Name: 4 week.png Size: 6 KB
  • #199
  • May 21, 2020 5:58pm May 21, 2020 5:58pm
Quoting cbmutlu77
{quote} Hi again PaulDV, I have another problem. For all pairs; Trade Allowed: parameter is "No- Market is closed" But today is Wednesday. Why this situation could become? I didn't understand. Please help with my problems. The screenshot is for example. Thanks, {image}
Hi,

sorry for the delay in replying but work has been a bit crazy lately.

As Erebus says, which broker are you using?

I won’t go as far as to say there isn’t a problem with the EA, but it’s a little suspicious that you’re experiencing so many issues on so many different pairs, that it’s likely to be your broker that’s causing the issues...especially if you’re trying to trade on a live account.

Error 147 means that your broker has disabled some aspect of trading. Error 4112 isn’t even listed in the MQL4 manual, so I’m not sure what that is, but the error codes around it would indicate that, again, the broker has disable some trading conditions, e.g. disallowed shorting or a pair.

Market closed would be due to your broker not responding to requests about the details for the currency pair. If the broker won’t supply details, then the EA asssumes that the market is closed, and will not attempt to trade.

I would review your choice of broker.

EDIT: further digging on error 4112 shows that it means that your broker has disabled the use of EAs...get a different broker!
"Pips are vanity. Profit is sanity."
  • #200
  • May 21, 2020 6:04pm May 21, 2020 6:04pm
Quoting Toppi
4 weeks result {image}
Nice one Toppi...looking good!
"Pips are vanity. Profit is sanity."
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