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SRDC Episode I

  • #121
  • Edited 9:28am Oct 31, 2006 9:26am | Edited 9:28am
Does anyone know when a pending order get executed, does a new ticket get new unique number or it get old number from the pending order?


UPDATE:

I forgot, made 10 pips by this method 20mnt ago...
  • #122
  • Oct 31, 2006 9:27am Oct 31, 2006 9:27am
Quoting OrangeRoshan
Yoda is not using any underwear. I suspect!
Quoting OrangeRoshan
To sl or not to sl? That is the question Mr. Spock...
OK, all in favor of Orange taking a day off from EA coding raise their hands. I think he's loosing it cuz he's mixing up is story lines.


PS. just joking. Always enjoy your ideas Orange. Keep up the good work even though you are a bit crazed at times.
  • #123
  • Oct 31, 2006 9:32am Oct 31, 2006 9:32am
Quoting accrete
OK, all in favor of Orange taking a day off from EA coding raise their hands. I think he's loosing it cuz he's mixing up is story lines.


PS. just joking. Always enjoy your ideas Orange. Keep up the good work even though you are a bit crazed at times.
I havent had so much fun lately after a long vacation from FF. Anyway, ROB & Dave's joke get me into this mood. should see their video, hilarious!!

...and im still wondering when Yoda is wearing any underwear... Hmmm..
Change Your Thinking. Change Your Life - JD
  • #124
  • Edited 12:12pm Oct 31, 2006 12:07pm | Edited 12:12pm
Ok, here is my EA for this strategy...

IT HAS TO BE TESTED ON DEMO FOR SOME TIME BEFORE USING!!!

THIS IS NOT FINAL VERSION!!!

Input parameters:

.
.
.
pips_reserve - number of pips from high/low price of previous day
magic - magic number for using ea on different charts. For each chart assign different number...

Also, for some reason sending order with take_profit less than 6 pips cannot be executed... I am to tired for it now...

So, it should be backtested and if someone is familiar with it, please, send me parameters and some explanation which is the best way to backtest it..

Also, suggestions are highly welcome...

ferovca out....
Attached File(s)
File Type: mq4 OrangeRoshan's SRDC method V1.0.mq4   4 KB | 1,014 downloads
  • #125
  • Oct 31, 2006 12:25pm Oct 31, 2006 12:25pm
Quoting ferovca
Ok, here is my EA for this strategy...

IT HAS TO BE TESTED ON DEMO FOR SOME TIME BEFORE USING!!!

THIS IS NOT FINAL VERSION!!!

Input parameters:

.
.
.
pips_reserve - number of pips from high/low price of previous day
magic - magic number for using ea on different charts. For each chart assign different number...

Also, for some reason sending order with take_profit less than 6 pips cannot be executed... I am to tired for it now...

So, it should be backtested and if someone is familiar with it, please, send me parameters and some explanation which is the best way to backtest it..

Also, suggestions are highly welcome...

ferovca out....
You should take some rest while we meddle with this version. Also, those who have experienced in EA, pls do come forward and help us out.

Thanks
Change Your Thinking. Change Your Life - JD
  • #126
  • Oct 31, 2006 12:37pm Oct 31, 2006 12:37pm
open_long=high_price+(pips_reserve+spread)/10000;
open_short=low_price-(pips_reserve+spread)/10000;

Use Points instead of 10000, or it won't work for JPY pairs.
I will try to code this.
Quoting ferovca
Ok, here is my EA for this strategy...

IT HAS TO BE TESTED ON DEMO FOR SOME TIME BEFORE USING!!!

THIS IS NOT FINAL VERSION!!!

Input parameters:

.
.
.
pips_reserve - number of pips from high/low price of previous day
magic - magic number for using ea on different charts. For each chart assign different number...

Also, for some reason sending order with take_profit less than 6 pips cannot be executed... I am to tired for it now...

So, it should be backtested and if someone is familiar with it, please, send me parameters and some explanation which is the best way to backtest it..

Also, suggestions are highly welcome...

ferovca out....
  • #127
  • Oct 31, 2006 12:48pm Oct 31, 2006 12:48pm
  •  iya
  • | Joined Oct 2006 | Status: always protect yourself | 129 Posts
Hi ferovca,
looks like an EA development contest has begun.

Quoting ferovca
Does anyone know when a pending order get executed, does a new ticket get new unique number or it get old number from the pending order?


UPDATE:

I forgot, made 10 pips by this method 20mnt ago...
It will keep its ticket number, because it's still the same order.

And a tip for your expert:
Inserted Code
   for(cnt=0;cnt<total;cnt++)
   {
   if(OrderSelect(cnt, SELECT_BY_POS)==True && OrderMagicNumber()==magic && OrderTicket()==ticketL){OrderDelete(ticketL);}
   }
<total;cnt++)><total;cnt++)>

When looping through the open positions to close them, it's better to do it "backwards". Because if a position is closed, the remaining will "move up", so you will forget them if the index is incremented. On the other hand, it's easier and safer to simply use your ticket.

Good luck!</total;cnt++)></total;cnt++)>
  • #128
  • Oct 31, 2006 12:57pm Oct 31, 2006 12:57pm
Quoting GP2X
open_long=high_price+(pips_reserve+spread)/10000;
open_short=low_price-(pips_reserve+spread)/10000;

Use Points instead of 10000, or it won't work for JPY pairs.
I will try to code this.
Done... thanks...
  • #129
  • Oct 31, 2006 1:01pm Oct 31, 2006 1:01pm
Quoting iya
Hi ferovca,
looks like an EA development contest has begun.



It will keep its ticket number, because it's still the same order.

And a tip for your expert:
Inserted Code
   for(cnt=0;cnt<total;cnt++)>
   {
   if(OrderSelect(cnt, SELECT_BY_POS)==True && OrderMagicNumber()==magic && OrderTicket()==ticketL){OrderDelete(ticketL);}
   }
<total;cnt++)><total;cnt++)>

When looping through the open positions to close them, it's better to do it "backwards". Because if a position is closed, the remaining will "move up", so you will forget them if the index is incremented. On the other hand, it's easier and safer to simply use your ticket.

Good luck!</total;cnt++)></total;cnt++)>

Thanks for the info.... this was the reason I lost 2 hours... that is why I have loop for each order...
I will fix it....

I still cannot understand why is not possible to put an order with 5 pips profit from yesterdays high!? I keep getting message error 130...

anybody...?


</total;cnt++)>
  • #130
  • Oct 31, 2006 1:04pm Oct 31, 2006 1:04pm
The backward test result is just soso. You have to use huge stoploss(200 or 300) to make it profit. The weekly filter is very important. I don't have time to test more.
Attached File(s)
File Type: mq4 OrangeRoshanSRDC.mq4   4 KB | 989 downloads
  • #131
  • Edited 1:41pm Oct 31, 2006 1:19pm | Edited 1:41pm
  •  iya
  • | Joined Oct 2006 | Status: always protect yourself | 129 Posts
Quoting ferovca
Thanks for the info.... this was the reason I lost 2 hours... that is why I have loop for each order...
I will fix it....

I still cannot understand why is not possible to put an order with 5 pips profit from yesterdays high!? I keep getting message error 130...

anybody...?

Error 130 means 'invalid stops', so the TP is probably to close.
5 works for me, though (min. 4). Maybe it depends on the broker.

Oh, and here ticketL should be ticketS:
Inserted Code
      ticketS=OrderSend(Symbol(),OP_SELLSTOP,lot_size,open_short,slippage,open_short+stop_loss*Point,open_short-take_profit*Point,"Short order",magic,0,Red);
 if(ticketL<0)
 {
Print("OrderSend failed with error #",GetLastError());
return(0);
 }
  • #132
  • Edited 1:40pm Oct 31, 2006 1:38pm | Edited 1:40pm
yes, 130 is sl/tp problem...

but, moving the sl/tp doesnt solve it... i have to look into the code again..


What should I do to achieve high modelling quality?

And why can I not get testing results for all 4 months (from 01.06. to 01.10.),
last trade is done at 22.06. and then testing stops?

Thanks..
  • #133
  • Oct 31, 2006 1:55pm Oct 31, 2006 1:55pm
  •  iya
  • | Joined Oct 2006 | Status: always protect yourself | 129 Posts
This is getting a little off topic...
http://www.forexfactory.com/forexforum/showpost.php?p=67706&postcount=2
Imho we should concentrate on the system again, or more specifically:
Are the profitable trades working as intended?
How to deal with / prevent the bad ones?
  • #134
  • Oct 31, 2006 2:15pm Oct 31, 2006 2:15pm
Quoting iya
This is getting a little off topic...
http://www.forexfactory.com/forexforum/showpost.php?p=67706&postcount=2
Imho we should concentrate on the system again, or more specifically:
Are the profitable trades working as intended?
How to deal with / prevent the bad ones?
This is what i need...
  • #135
  • Oct 31, 2006 2:41pm Oct 31, 2006 2:41pm
Hi EA Programmers,

Im just overwhelmed by everyones efforts and energy. Especially the great teamwork. This is what makes FF the best in the galaxy.

Im totally useless on coding, so, Im gonna leave it to you guys and learn at the same time.

Simply Brilliant!!

RESPECT!
Change Your Thinking. Change Your Life - JD
  • #136
  • Oct 31, 2006 2:50pm Oct 31, 2006 2:50pm
Orange,

On Sunday do you set your SR lines from Fridays HL or do you skip Sunday and only set you trades Monday after the daily bar has closed.

FJedi

Quoting OrangeRoshan
Hi EA Programmers,

Im just overwhelmed by everyones efforts and energy. Especially the great teamwork. This is what makes FF the best in the galaxy.

Im totally useless on coding, so, Im gonna leave it to you guys and learn at the same time.

Simply Brilliant!!

RESPECT!
Stacking pips since 2002
  • #137
  • Edited 3:24pm Oct 31, 2006 2:51pm | Edited 3:24pm
All the 3 Major Pairs get the minimum 5pips. EURUSD gives both S&R

GBPUSD: Resistance 57pips
EURUSD: Resistance 43pips, Support 16pips
AUDUSD: Resistance 46pips

Look at those pips? How can anyone says they cant make pips in forex? Ridicilous, hilarious and piplarious!!

Isnt this fantastic? Simple, effective and we trade every openday!

I cant wait to get the EA done. When it is, I will continue with SRDC Level 2 for more pips.

Make Pips not War
Change Your Thinking. Change Your Life - JD
  • #138
  • Oct 31, 2006 2:59pm Oct 31, 2006 2:59pm
Quoting forexjedi
Orange,

On Sunday do you set your SR lines from Fridays HL or do you skip Sunday and only set you trades Monday after the daily bar has closed.

FJedi
Good Question! (eyeing on the 600sl?) lol

Set via f8 on the period separator and you will see a vertical dotted line showing the week days ending and starting.

I dunno about other brokers, but on my IBFX platform, between friday & Monday, there will be 2 dotted lines with 2 candles on it. Sometimes the candles are on the lines or inside the lines. It doesnt matter. Get the smallest candle and straddle on the S&R. Chances of hitting both are extremelly high.

I will go over in more details on Monday trading with SRDC on my next next post.

EA programmers, can we incoperate this in our EA when the 1st objective is clear? Traders with SRDC will loooooove monday!!

Welcome to Hapi Pipland!!
Change Your Thinking. Change Your Life - JD
  • #139
  • Oct 31, 2006 3:01pm Oct 31, 2006 3:01pm
Quoting OrangeRoshan
Hi Traders,

Ive been away for quiet sometime due to personal and business reasons. But everything is Pipastic!

Im a starting this new thread to help newbies like me to add to our ever growing need to learn and grow. Not to compare and judge but to expand our knowledge in this exciting new era of electronic fx trading where anyone can participate to trade forex and transform their lives forever.

Another reason is, after many months of forward testing this method (out of 9 that my team develops), i think, its time to EA it on MT4. You will know the reason why, i need to EA this method after reading the attach document.



Its a very simple method and very effective. Excellent for newbies and professional alike.

So, EA programmers out there, please take a look at it and when you dont mind, help us to create an EA of this method and let the fun begin!

Humbly yours,
OrangeRoshan

p/s Constructive Ideas and help welcome!
Hi Orange

20-30 pips stop for 5-10 pips target?

Also trade daily charts for 5 to 10 pips?

Do you find these correct?

Regards

howard
Regards
  • #140
  • Edited 3:26pm Oct 31, 2006 3:11pm | Edited 3:26pm
Quoting howard
Hi Orange

20-30 pips stop for 5-10 pips target?

Also trade daily charts for 5 to 10 pips?

Do you find these correct?

Regards

howard
Yes it is correct. Because its pipastic.

This may suprise you, increase the SL when you think it will hit earlier.
Tis method is extremelly predictable. I know the ratio thingy. But, that doesnt apply here. It is simply, trading psychology states when S&R are broken, chances of prices to ride along is very high. BUT, there are exception.

Therefore, I think for newbies and big lots traders, it is best to target small pips and increased the chances of winning to over 80%. Remember: The only reason why people lose money in Forex is due to negative pips, but when the pips remain positive, no matter how small, it is still a better chioce. In most methods, pips harvested are not quality pips, here it almost is (this in no way suggest this is a better method or comparing with other method, but its a fact).

Daily Charts? Of course. The margin to harvest 5pips is better than smaller time frames. You might asked why not weekly candles? Well, we dont want to overuse our margin and waited a week to get 5pips do we? Therefore, Daily candles are ideal.

All the above are just my thoughts and experience that help me to be profitable from day 1 (thanks to my prior experience).

I hope that helps. May the force be with you
Change Your Thinking. Change Your Life - JD
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