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London close trading system for currencies

  • #3,401
  • Aug 28, 2020 9:43am Aug 28, 2020 9:43am
I've no setfile for this EA
  • #3,402
  • Aug 28, 2020 10:48am Aug 28, 2020 10:48am
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lol, tried to have it as default setting , 21 pairs with 0.1 lot. seems like setting is very important, any one have any specific setting to recommend ?

sorry , im using x43
  • #3,403
  • Aug 28, 2020 11:14am Aug 28, 2020 11:14am
today 8 orders with the London close Dashboard EA
  • #3,404
  • Aug 28, 2020 12:11pm Aug 28, 2020 12:11pm
all 8 orders with full Basket TP closed after 45 minutes
  • #3,405
  • Edited 12:30pm Aug 28, 2020 12:14pm | Edited 12:30pm
Quoting ghostbiker
1. your limitorders shift is to small 2. you have orders again after 15 minutes 3. what time have your broker 16:00 GMT ?? 4. read the rules
Ghost:
The trades you see opened after 15 minutes are from filled pending limit orders (look at the comments). According to the rules the limit orders are to remain active 1 hour and 15 minutes. The EA sets that expiry for each pending order in the MT4 order form, just like you would do as if you did it manually.

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #3,406
  • Aug 28, 2020 12:21pm Aug 28, 2020 12:21pm
Easy-Friday target of 0.5% hit in 7 minutes.

Hats off to Ghostbiker and Jess!

My friendly suggestion for the many very basic questions:

1) Search the thread, many things have been discussed here many times
2) Watch Jess very helpful tutorial videos at https://github.com/xmess7/LondonCloseEA
3) If you don't want spend time learning the EA, different FX pairs behaviour or logic behind the LC trading strategy - sign up Ghostbiker time proven and reliable trading signals.

It takes quite a bit of time and effort to get things up and running and from time to time, manual trading and intervention to the EA is needed.

Good luck and enjoy the Friday!
  • #3,407
  • Aug 28, 2020 1:53pm Aug 28, 2020 1:53pm
Quoting xmess7
{quote} Ghost: The trades you see opened after 15 minutes are from filled pending limit orders (look at the comments). According to the rules the limit orders are to remain active 1 hour and 15 minutes. The EA sets that expiry for each pending order in the MT4 order form, just like you would do as if you did it manually. Jess
I do not understand. Your EA works flawlessly and according to the rules. However, the results are significantly worse than the results of the author of the system. What is the problem?
Please excuse the bad English via Google Translate.
  • #3,408
  • Aug 28, 2020 3:57pm Aug 28, 2020 3:57pm
Quoting dokopy
{quote} I do not understand. Your EA works flawlessly and according to the rules. However, the results are significantly worse than the results of the author of the system. What is the problem?
The author has criteria that is not programmed into the EA. The EA is only programmed following the rules to the "T" as explained on pg1.
But if you notice there are some rules that are not applied. These are more discretionary. There are however some items that I tried to add so the user can configure the EA to be somewhat subjective.

What I would do is, find a preset that provides the probability of a complete loss once in 3 months.
Then also I would gather forward data and determine the AVERAGE max profit.

With these two items then you can have a setup that will yield favorable results.

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #3,409
  • Aug 28, 2020 4:52pm Aug 28, 2020 4:52pm
I've for the first limitorder the distance 70 Pips from the market order, 10 Pips or lower is to small
the limitorders will close with the Basket TP or I close the orders with one click manually than the
limitorders will close automatically with

from tuesday I trade 16:10 GMT and distance 15 Pips and order TP 25 Pips I will see the results
- today I've trade with this terms -
  • #3,410
  • Aug 28, 2020 6:24pm Aug 28, 2020 6:24pm
Hi xmess,
wondering have the EA settings changed since your V39 video?

thanks, have a great weekend
  • #3,411
  • Aug 28, 2020 6:43pm Aug 28, 2020 6:43pm
Quoting sosofab
Hi xmess, wondering have the EA settings changed since your V39 video? thanks, have a great weekend
What do you mean? Do you mean if the inputs have changed? Nope the inputs are the same as the latest v 43.
The settings or what you see on my video are settings I used to TEST the EA.
You can set the inputs as you need to set them.

JEss
Our AWESOME IMAGINATION is the true holy grail!
  • #3,412
  • Aug 28, 2020 6:47pm Aug 28, 2020 6:47pm
Quoting ghostbiker
I've for the first limitorder the distance 70 Pips from the market order, 10 Pips or lower is to small the limitorders will close with the Basket TP or I close the orders with one click manually than the limitorders will close automatically with from tuesday I trade 16:10 GMT and distance 15 Pips and order TP 25 Pips I will see the results - today I've trade with this terms -
The limitOrder Distance is controlled with the input called :
PendingGridDistance. The user can set this input to
PendingGridDistance=70.
That will match what you stated in your post (70 pip from market order)

The EA will default to 10 pips for a pending order entry (this is what the original rules stated on pg1). But with that input the user can change the distance, just like you did .

The EA follows your rules to the "T" but it also allows users to set certain things... SLs/TPs. BasketProfit or BasketStop are the many things the user can change to their preference.

Now, if you were to tell me more of HOW you trade, I can easily program that into the EA . I have experience with artificial intelligence algo's and mimicking your habits can be done

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #3,413
  • Aug 28, 2020 6:51pm Aug 28, 2020 6:51pm
Quoting dokopy
{quote} I do not understand. Your EA works flawlessly and according to the rules. However, the results are significantly worse than the results of the author of the system. What is the problem?
There you go my friend. HEre is a perfect example of how the author handles the pending order distances DIFFERENT. Int he beginning or even on pg1, the rules was that the pending order would be 10 pips away from the market order. She has changed that now to 70 pips. In the EA you can set that distance to 70 pips as well.

..

This is her post:
Quoting ghostbiker
I've for the first limitorder the distance 70 Pips from the market order, 10 Pips or lower is to small the limitorders will close with the Basket TP or I close the orders with one click manually than the limitorders will close automatically with from tuesday I trade 16:10 GMT and distance 15 Pips and order TP 25 Pips I will see the results - today I've trade with this terms -
Things that at the moment the EA cannot follow LOL

JEss
Our AWESOME IMAGINATION is the true holy grail!
  • #3,414
  • Aug 28, 2020 10:14pm Aug 28, 2020 10:14pm
Quoting xmess7
{quote} There you go my friend. HEre is a perfect example of how the author handles the pending order distances DIFFERENT. Int he beginning or even on pg1, the rules was that the pending order would be 10 pips away from the market order. She has changed that now to 70 pips. In the EA you can set that distance to 70 pips as well. .. This is her post: {quote} Things that at the moment the EA cannot follow LOL JEss
The system does not have clear rules. I appreciate the hard work you put into it.
Please excuse the bad English via Google Translate.
  • #3,415
  • Edited 9:29am Aug 29, 2020 12:04am | Edited 9:29am
Quoting dokopy
{quote} The system does not have clear rules. I appreciate the hard work you put into it.
Its not that it "does not" have clear rules... its more like all of the other approaches, where not all of the details are given, the creator only provides the CORE rules. In fact the rules are quite clear, look at pg1. Yea, yea, there is some wording that needs some clarification but that's cause the creators language is not English, they probably uses a translator. The author provides the CORE approach (which the EA is programmed to) but did not specify the "twists" that are involved when trading it. We have seen this sooo many times. Its rare the creator that explains from the beginning the nuances of his/her approach.

the best you can do is to experiment for yourself and find the ideal setup that gives u the results you are looking for.

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #3,416
  • Aug 29, 2020 6:42am Aug 29, 2020 6:42am
Hi,

Many thanks for sharing your views.

If I may ask why do you start now 16:10 and with 15pip distance? Due to recent high volatility and heavy trending?


Quoting ghostbiker
I've for the first limitorder the distance 70 Pips from the market order, 10 Pips or lower is to small the limitorders will close with the Basket TP or I close the orders with one click manually than the limitorders will close automatically with from tuesday I trade 16:10 GMT and distance 15 Pips and order TP 25 Pips I will see the results - today I've trade with this terms -
  • #3,417
  • Aug 29, 2020 9:44am Aug 29, 2020 9:44am
Quoting xmess7
{quote} Its not that it "does not" have clear rules... its more like all of the other approaches, where not all of the details are given, the creator only provides the CORE rules. In fact the rules are quite clear, look at pg1. Yea, yea, there is some wording that needs some clarification but that's cause the creators language is not English, they probably uses a translator. The author provides the CORE approach (which the EA is programmed to) but did not specify the "twists" that are involved when trading it. We have seen this sooo many times....
Did you go this route? Can you attach a * .set file?
Please excuse the bad English via Google Translate.
  • #3,418
  • Aug 29, 2020 10:21am Aug 29, 2020 10:21am
I will see what the London close Dashboard EA do if the orders come 10 minutes later. Often go the prices
in the "false" direction the next minutes after 16:00 GMT -it is a test for the next 2 weeks-

xmess7: better start the limitorders + 123.6 and - 123.6 in general
  • #3,419
  • Aug 29, 2020 11:38am Aug 29, 2020 11:38am
OK, many thanks. I will try to run 2 accounts in testing with different start times.

Quoting ghostbiker
I will see what the London close Dashboard EA do if the orders come 10 minutes later. Often go the prices in the "false" direction the next minutes after 16:00 GMT -it is a test for the next 2 weeks- xmess7: better start the limitorders + 123.6 and - 123.6 in general
  • #3,420
  • Aug 29, 2020 12:19pm Aug 29, 2020 12:19pm
EA UPDATE v43

xm7_LondonClose_v44.ex4

EA and INDICATOR UPDATES Files located at:
https://github.com/xmess7/LondonCloseEA

The mighty ghost has spoken!
Quoting ghostbiker
I will see what the London close Dashboard EA do if the orders come 10 minutes later. Often go the prices in the "false" direction the next minutes after 16:00 GMT -it is a test for the next 2 weeks- xmess7: better start the limitorders + 123.6 and - 123.6 in general
Added a new input called selectLimitOrderFibs (see image below). The input allows the user to tell the EA on which fibs (00/100 for limit Buy or 23.6/123.6 for limit sell) to set the new pending orders, after a market order has been set. NOTE: version 43 will be kept until users report no issues with new update.

PEACE
Jess
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Our AWESOME IMAGINATION is the true holy grail!
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