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Need Help Programming EA

  • #41
  • May 17, 2007 5:32pm May 17, 2007 5:32pm
Scott, thank you very much, I believe this is exactly what I was looking for. However, it won't open any trades. I have placed it on the EUR/USD, it is enabled for live trading, the smiley face is there on the top right, yet no trades.

I have set the margin each side to 40%, then 20%, just trying different settings, but it still has not (in over 1 hour) opened the buys on the EUR/USD and USD/CHF as it should.

Is there another setting that I need to enable?

Thank you again.
P.S. As I said before, this is a DEMO account. Therefore it is impossible to make a mistake here. I will demo this at least a month or more before going live.

Quoting smjones
Is this what you meant?
Good luck, I still think this is a mistake. But I wish you well.

Note:
Open both a EURUSD and a USDCHF chart. Place the EA on the EURUSD chart. (Timeframe is not important)

Also, if you wish, here is an indicator for correlation just set it for these 2 pairs... This indicator is completely optional. This indicator is someone else's and works very well.
  • #42
  • May 17, 2007 6:06pm May 17, 2007 6:06pm
Quoting mikejody
Scott, thank you very much, I believe this is exactly what I was looking for. However, it won't open any trades. I have placed it on the EUR/USD, it is enabled for live trading, the smiley face is there on the top right, yet no trades.

I have set the margin each side to 40%, then 20%, just trying different settings, but it still has not (in over 1 hour) opened the buys on the EUR/USD and USD/CHF as it should.

Is there another setting that I need to enable?

Thank you again.
P.S. As I said before, this is a DEMO account. Therefore it is impossible to make a mistake here. I will demo this at least a month or more before going live.
My guess is you have a mini account at IBFX, Give me a minute and I will put the m after the currency name and then it will work

Here you go.
Attached File(s)
File Type: mq4 EU_UCH_Longs EA v3.mq4   4 KB | 329 downloads
  • #43
  • May 17, 2007 6:09pm May 17, 2007 6:09pm
Quoting smjones
My guess is you have a mini account at IBFX, Give me a minute and I will put the m after the currency name and then it will work
Yes you are exactly right.
  • #44
  • May 17, 2007 6:16pm May 17, 2007 6:16pm
Quoting mikejody
Yes you are exactly right.
See post above
  • #45
  • May 17, 2007 6:28pm May 17, 2007 6:28pm
Quoting smjones
See post above
This one does not open orders either, on my mini demo account.

This one also does not have the information on the left, like version 2 had. I mean the "your equity is" "your profit target is".

Is something wrong?
  • #46
  • May 17, 2007 6:31pm May 17, 2007 6:31pm
Of course right after I posted the above it opened two orders, sorry about that. As far as I can tell it is working just right. Thank you.
  • #47
  • May 17, 2007 6:37pm May 17, 2007 6:37pm
Quoting mikejody
Of course right after I posted the above it opened two orders, sorry about that. As far as I can tell it is working just right. Thank you.
EAs need a tic to go by to activate. that is why it did not start for a few moments... there had to be a tic.
  • #48
  • May 17, 2007 6:45pm May 17, 2007 6:45pm
Quoting smjones
EAs need a tic to go by to activate. that is why it did not start for a few moments... there had to be a tic.
Thanks again, Scott.
  • #49
  • May 18, 2007 7:09am May 18, 2007 7:09am
Quoting mikejody
Made another 1% today; so far my account balance is up 6% for the week so far. We'll see how it goes.
I must have missed something here.

On 5/16, afternoon, after reading your thread, I bot EUR/USD and USD/CHF in a demo account. They've been in the red ever since, right now about $30 per mini lot.
  • #50
  • May 18, 2007 7:15am May 18, 2007 7:15am
Yes, it is easy to miss if having to watch for the fluctuations, now that we have the EA it will be much better. I happen to notice a very quick upward fluctuation and grabbed the tiny profit at the right time.

Quoting blueruby
I must have missed something here.

On 5/16, afternoon, after reading your thread, I bot EUR/USD and USD/CHF in a demo account. They've been in the red ever since, right now about $30 per mini lot.
  • #51
  • May 18, 2007 7:21am May 18, 2007 7:21am
Of course you know if your were to buy eur chf you would get $5.05 swap as opposed to a little over $2 for the net of the hedge.

BTW here is what happens to the USD to answer your question.

[(Stronger) EUR] / [(Weaker) USD]
[(Stronger) USD] / [(Weaker) CHF]

So, the weaker USD in EURUSD is canceled by the stronger USD in USDCHF
What you are left with is:

[(Stronger)EUR] / [(Weaker)CHF]

or

long EURCHF
  • #52
  • Edited 8:28am May 18, 2007 7:42am | Edited 8:28am
Quoting smjones
Of course you know if your were to buy eur chf you would get $5.05 swap as opposed to a little over $2 for the net of the hedge.

BTW here is what happens to the USD to answer your question.

[(Stronger) EUR] / [(Weaker) USD]
[(Stronger) USD] / [(Weaker) CHF]

So, the weaker USD in EURUSD is canceled by the stronger USD in USDCHF
What you are left with is:

[(Stronger)EUR] / [(Weaker)CHF]

or

long EURCHF
And if you have
Stronger EUR / Weaker USD
Weaker USD / Stronger CHF

you are left with StrongerEUR / StrongerUSD

or

Very little movement in EURCHF
and the USD tanking
  • #53
  • May 18, 2007 7:48am May 18, 2007 7:48am
Quoting smjones
And if you have
Stronger EUR / Weaker USD
Weaker USD / Stronger CHF

you are left with StrongerEUR / StrongerUSD

or

no movement in EURCHF
and the USD tanking
I am glad I did the EA, because it is an opportunity to see how it will work over time... And you are certainly wise to test the concept empirically. Much is to be gained in knowledge from real world experiments.

Note that when EURCHF is in an uptrend you wil make money and in a downtrend you will lose money and sidways you will make a slight profit.

The same is true for just going long EURCHF, with the exception that you will make more profit in an sideways trend and have less overhead and will lose less in a downtrend, because of that overhead.
  • #54
  • May 18, 2007 8:51am May 18, 2007 8:51am
Hey Guys

As you can see Im new to this particular forum, I have a question to "smjones" about his EA ,or anyone for that matter who can help.

If I wanted to change the coding to open sells in both currencies instead of buys how would I change it.????

I did try myself for a few hours changing all the codded Buy words in the Code to Sell, however the closest I got was One sell opened in one pair , and that was it. I have never programmed in my life so I was pretty stoked at that, but its far from your work Jones'y.

Your a bloody genius, Im impressed. Any chance you could post the same EA but with sells instead.
Then I could check in against mine to see whether I was close at all.

By the way Great forum , great Topic , Keep up the good work.

Also "Mike jody" I have some more ideas on what you are trying at the moment which will make it safer and more consistant, which I will share with you after some testing .
I too come from Oanda, so I know where your coming from, MT automation is great.

Marty.
  • #55
  • Edited 9:59am May 18, 2007 9:00am | Edited 9:59am
Quoting martaroony
Hey Guys

As you can see Im new to this particular forum, I have a question to "smjones" about his EA ,or anyone for that matter who can help.

If I wanted to change the coding to open sells in both currencies instead of buys how would I change it.????

I did try myself for a few hours changing all the codded Buy words in the Code to Sell, however the closest I got was One sell opened in one pair , and that was it. I have never programmed in my life so I was pretty stoked at that, but its far from your work Jones'y.

Your a bloody genius, Im impressed. Any chance you could post the same EA but with sells instead.
Then I could check in against mine to see whether I was close at all.

By the way Great forum , great Topic , Keep up the good work.

Also "Mike jody" I have some more ideas on what you are trying at the moment which will make it safer and more consistant, which I will share with you after some testing .
I too come from Oanda, so I know where your coming from, MT automation is great.

Marty.

Give me a minute and I will make it so you can choose buy or sell

in exchange, please post your ideas on how to make it safer... I am open minded
  • #56
  • Edited 11:04am May 18, 2007 9:27am | Edited 11:04am
Quoting smjones
Give me a minute and I will make it so you can choose buy or sell
Here you go

Buy = false means Sell

Hang on there is a malfunction. I will be back with it corrected

NOTE: Ok it is fixed. here is the final version working and tested.
Attached File(s)
File Type: mq4 GenericHedge EA v1a.mq4   4 KB | 312 downloads
  • #57
  • May 18, 2007 3:17pm May 18, 2007 3:17pm
Scott,

The EA opened the two buy orders this morning, then I flew across the country and when I landed it is up about 4 percent, but won't close the two orders and then reopen. The two orders are still open even though it is well above the 1% take profit.

Should I change anything?
  • #58
  • May 18, 2007 3:23pm May 18, 2007 3:23pm
Also, on the top left, it says "account profit, -144.91 but it really is at +138.66. I suspect this is why it has not closed the orders?

I note the market is not really moving right now, possibly it is waiting for a tick to update?
  • #59
  • May 18, 2007 3:35pm May 18, 2007 3:35pm
DUH! THE market is closed, it's Friday. Sheesh, I amaze myself sometimes.

Anyway, up 10% for the week.
  • #60
  • May 18, 2007 6:10pm May 18, 2007 6:10pm
Thanks Jones'y,

I just have another question for you , or anyone that can help.

As Im new and Mt, I m just becoming farmiliar with are the do's and don'ts.

I understand that MT4 only has lot sizes , so to get a specific percentage of Balance ( In the case of your EA ), in an order size, it would fall between the lot sizes as the balance fluctuated. ???

What happens here, does it just round to the nearest lot size?

And also, Can you run two EA's on the one account, utilising two PC's and connections .??

Or do you have to split the money into two accounts and then run EA on each account.??

In other words can only one EA run on each Machine on the one chart.??

Thanks guys in advance.
Marty.
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