"People sometimes mistake luck with skill"
- #1,423
- Dec 13, 2007 2:28pm Dec 13, 2007 2:28pm
Me too, but saaedb has written a brilliant ea to do the work for us. I have attached the copy that work on both demo and live accounts to save you hunting for it. Put it onto a gy 1h chart, tweak the settings to suit yourself and sit back.
saaedb, 1,000,000 thanks for the ea. It took several hundred demo pips last week, so I put it onto the live account yesterday - no trade. Today +20. I happened to be around when the price came close to +100 then fell back, so I set a +20 sl that eventually got hit.
- #1,424
- Dec 13, 2007 2:51pm Dec 13, 2007 2:51pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
You're welcome. I'm going to be in UK on the 11th of Jan till the 27th. Probably going to be in Stratford, Bournemouth, and Bath. Yippie...
Me too, but saaedb has written a brilliant ea to do the work for us. I have attached the copy that work on both demo and live accounts to save you hunting for it. Put it onto a gy 1h chart, tweak the settings to suit yourself and sit back.
saaedb, 1,000,000 thanks for the ea. It took several hundred demo pips last week, so I put it onto the live account yesterday - no trade. Today +20. I happened to be around when the price came close to +100 then fell back, so I set a +20 sl that eventually got hit.
- #1,438
- Dec 14, 2007 7:26am Dec 14, 2007 7:26am
I don't have any knowledge of the results that were published.
I didn't understand the table that was posted.
I saw a column that said "2 resets". Two resets would result in three trades.
I feel a bit like the freshman offering an explanation to the professor! If I understand your question concerning the "2 resets", let me offer my understanding of that parameter based on using the EA and studying the results.
When the parameter in saaedb's EA is set to 2, the following happens. If your first trade is triggered and the TP is hit then the initial Sell Stop order (lets call this SL1) is closed and your trading day is over.
If your first trade is triggered but the SL is hit then a second Sell Stop (lets call this SL2) is immediately placed. The EA closes all trades when the second trade is triggered and SL2 is hit or TP is hit = your trading day is over.
The bottom line for how the EA works (in studing my trades) is that when the EA reset parameter is set to '2', it only does '1' reset resulting in a maximum of 2 trades (1 TP or 2 SL's) before all trades are closed and the EA's trading day is over. As you have said many times in your posts - if you follow Nicotina's rules, your trade day ends with 1 win (+100 pips) or 2 losses (-100 pips). With the reset parameter set to '2' (and the other parameters set according to Nicotina's rules), the EA executes beautifully and I'm sure Nicotina is pleased.
I've traded with the reset parameter = 1 as a learning experience. In these trades, there were no resets. When your first trade is triggered and hits either TP or SL, all trades are closed and the EA's trading day is over.
Intuitively it seems the reset parameter should be '1' (= 1 reset) or '0' (= 0 resets). I'm not a programmer but maybe it has something to do with how the program has to be written?
If I've missed your point 'Professor Bill', this 'freshman' apologises!
I greatly appreciate your tremendous input/insight into the thread. Glad to see you finally 'declared victory' (post #1408) on the time issue and let your countless posts in this tread serve as an educational tool - folks need to read the entire thread to appreciate and understand the development of this strategy, the EA, etc. - no matter how long the thread is!
Pavatar
Me too, but saaedb has written a brilliant ea to do the work for us. I have attached the copy that work on both demo and live accounts to save you hunting for it. Put it onto a gy 1h chart, tweak the settings to suit yourself and sit back.
saaedb, 1,000,000 thanks for the ea. It took several hundred demo pips last week, so I put it onto the live account yesterday - no trade. Today +20. I happened to be around when the price came close to +100 then fell back, so I set a +20 sl that eventually got hit.
- #1,440
- Dec 14, 2007 7:33am Dec 14, 2007 7:33am
Hi Bill -
I feel a bit like the freshman offering an explanation to the professor! If I understand your question concerning the "2 resets", let me offer my understanding of that parameter based on using the EA and studying the results.
When the parameter in saaedb's EA is set to 2, the following happens. If your first trade is triggered and the TP is hit then the initial Sell Stop order (lets call this SL1) is closed and your trading day is over.
If your first trade is triggered but the SL is hit then a second Sell Stop (lets call this SL2) is immediately placed. The EA closes all trades when the second trade is triggered and SL2 is hit or TP is hit = your trading day is over.
The bottom line for how the EA works (in studing my trades) is that when the EA reset parameter is set to '2', it only does '1' reset resulting in a maximum of 2 trades (1 TP or 2 SL's) before all trades are closed and the EA's trading day is over. As you have said many times in your posts - if you follow Nicotina's rules, your trade day ends with 1 win (+100 pips) or 2 losses (-100 pips). With the reset parameter set to '2' (and the other parameters set according to Nicotina's rules), the EA executes beautifully and I'm sure Nicotina is pleased.
I've traded with the reset parameter = 1 as a learning experience. In these trades, there were no resets. When your first trade is triggered and hits either TP or SL, all trades are closed and the EA's trading day is over.
Intuitively it seems the reset parameter should be '1' (= 1 reset) or '0' (= 0 resets). I'm not a programmer but maybe it has something to do with how the program has to be written?
If I've missed your point 'Professor Bill', this 'freshman' apologises!
I greatly appreciate your tremendous input/insight into the thread. Glad to see you finally 'declared victory' (post #1408) on the time issue and let your countless posts in this tread serve as an educational tool - folks need to read the entire thread to appreciate and understand the development of this strategy, the EA, etc. - no matter how long the thread is!
Pavatar
Basically, when I was building it, I had no intentions to distribute it and my parameter naming conventions are off. If this turns out to be a too big a deal, I'll fix it in the next release.