Last order is always a losser!!! | Forex Factory

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Last order is always a losser!!!

  • #1
  • First Post: Dec 13, 2007 10:03am Dec 13, 2007 10:03am
Guys, I am working on a this EA which I am tesing right now in Strategy Tester (ST). The issue is the last order, everything seems to be fine until the ST stops. The last order is always in -ve and losses huge amount !!! have a look at the pic, you';ll know what i am saying....
other question is, what dates does ST use when there is NO date is selected????
Thanks
Attached Image (click to enlarge)
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- Syd [dust is my bed...]
  • #2
  • Dec 13, 2007 12:12pm Dec 13, 2007 12:12pm
look at your stop loss its out of whack! Basically you are trading without a stop which actually is profitable for a while if you can handle the drawdowns however once the market pulls away your finished.

In your case the end of run of the backtester closes all trades with a stop and your dream bot system has to realize the debts in order to furnish those winning trades.
  • #3
  • Dec 13, 2007 4:39pm Dec 13, 2007 4:39pm
Quoting Bolt
look at your stop loss its out of whack! Basically you are trading without a stop which actually is profitable for a while if you can handle the drawdowns however once the market pulls away your finished.

In your case the end of run of the backtester closes all trades with a stop and your dream bot system has to realize the debts in order to furnish those winning trades.
Bolt, cheers mate, but you've made me even more confused :-)
I do have stop orders ... you can see it in the pic - so why do you say that its out of whack???? All previous orders worked just fine ...
- Syd [dust is my bed...]
  • #4
  • Dec 14, 2007 4:04pm Dec 14, 2007 4:04pm
Quoting syedks
Bolt, cheers mate, but you've made me even more confused :-)
I do have stop orders ... you can see it in the pic - so why do you say that its out of whack???? All previous orders worked just fine ...
Lol, look closely your stop loss, it does not says 25 pips, it says 240000 pips away from the current price (around 1.0000)

So maybe you have a veeeeeeeeeeeeeeery large account but a 240000 pips SL is not really what we can define as a SL...

Revise your code, there is something wrong in it
  • #5
  • Dec 14, 2007 5:52pm Dec 14, 2007 5:52pm
Quoting melpheos
Lol, look closely your stop loss, it does not says 25 pips, it says 240000 pips away from the current price (around 1.0000)

So maybe you have a veeeeeeeeeeeeeeery large account but a 240000 pips SL is not really what we can define as a SL...

Revise your code, there is something wrong in it
And I thought I had seen everything around here

  • #6
  • Dec 14, 2007 6:00pm Dec 14, 2007 6:00pm
I totally Agree with Melpheos(i think thats spelt correct).
Not to sound as I am being 'judgemental' or anything along those lines but realise that for 99% of cases, for any system and also Im assuming any EA to be viable and stable, a R:R of 1:1 ATLEAST is needed to keep your head bobbing above the water.

I suspect there may be some (few) working systems or EA's out there with less than 1:1, but anything far off that will have losses hard(to say the least) to recover from mate.

Im just now thinking, since ive got a uneventfull weekend ahead of me to dive in to the sea of MT4 EA programming(is that what the term to describe it would be?), so I dont have much room to talk on the subject at this moment in time, although I do have some plans writen up and conditions for entry/exit and MM rules, ill have to see how it goes.

Any Pointers in the direction of usefull beginner knowledge would be very welcome.

LG
  • #7
  • Dec 14, 2007 7:07pm Dec 14, 2007 7:07pm
Quoting LoLoAC
I totally Agree with Melpheos(i think thats spelt correct).
Not to sound as I am being 'judgemental' or anything along those lines but realise that for 99% of cases, for any system and also Im assuming any EA to be viable and stable, a R:R of 1:1 ATLEAST is needed to keep your head bobbing above the water.

I suspect there may be some (few) working systems or EA's out there with less than 1:1, but anything far off that will have losses hard(to say the least) to recover from mate.

Im just now thinking, since ive got a uneventfull weekend ahead of me to dive in to the sea of MT4 EA programming(is that what the term to describe it would be?), so I dont have much room to talk on the subject at this moment in time, although I do have some plans writen up and conditions for entry/exit and MM rules, ill have to see how it goes.

Any Pointers in the direction of usefull beginner knowledge would be very welcome.

LG
LoLoAC (what a funny nick), go to forex-tsd.com and search for codeguru's posts. he's posted a full e-book on MQL4 programming, one thing i should mention that you must know C++ before hand. it will make your leaning process fairly quick.

it took me a couple of days to write my first EA (which obviously is out of whack ;-) but not because of sloppy code, its because of my limited knowledge of technical analysis and MT4.

good luck, and let me know if you couldnt find it, i'll email it to you then.
- Syd [dust is my bed...]
  • #8
  • Dec 14, 2007 7:08pm Dec 14, 2007 7:08pm
Quoting cesarnc
And I thought I had seen everything around here

life is full of surprises .. isnt it? :
- Syd [dust is my bed...]
  • #9
  • Dec 14, 2007 7:10pm Dec 14, 2007 7:10pm
Quoting melpheos
Lol, look closely your stop loss, it does not says 25 pips, it says 240000 pips away from the current price (around 1.0000)

So maybe you have a veeeeeeeeeeeeeeery large account but a 240000 pips SL is not really what we can define as a SL...

Revise your code, there is something wrong in it
so damn right, im an idiot ..... my code is fine :, its the wrong parameter

thanks heaps.
- Syd [dust is my bed...]
  • #10
  • Dec 15, 2007 5:11am Dec 15, 2007 5:11am
Quoting syedks
LoLoAC (what a funny nick), go to forex-tsd.com and search for codeguru's posts. he's posted a full e-book on MQL4 programming, one thing i should mention that you must know C++ before hand. it will make your leaning process fairly quick.

it took me a couple of days to write my first EA (which obviously is out of whack ;-) but not because of sloppy code, its because of my limited knowledge of technical analysis and MT4.

good luck, and let me know if you couldnt find it, i'll email it to you then.
Syd, do you have the link to the eBook? I did a search for CodersGuru and the guys got like 100,000 post.
  • #11
  • Dec 15, 2007 6:36am Dec 15, 2007 6:36am
Quoting tyger
Syd, do you have the link to the eBook? I did a search for CodersGuru and the guys got like 100,000 post.
There you go mate ...

HTML Book: http://www.forex-tsd.com/3746-post20.html
http://www.metatrader.info/node/34
Full Course Download: http://www.forex-tsd.com/66415-post5.html

enjoy... and dont forget to help others :
- Syd [dust is my bed...]
  • #12
  • Dec 15, 2007 4:59pm Dec 15, 2007 4:59pm
Thanks Syd. Hope to be testing your EA soon. And look out for mine in the future.
  • #13
  • Dec 16, 2007 12:52pm Dec 16, 2007 12:52pm
Syd, I Can't reply to PM for some reason. To answer your question. I use a system similar to SuperNova but I use MACD instead or Mom. MACD is 5,30,2, DMI and QQE are 5 for for a early signal and 14 for a more accurate signal (less false signal but less pips). I like the 15 minute TF.
I Demo traded for 2 months with a $5,000 account and ended the 2 month with more than $20,000. At that point I knew I had to go live. Your first trade will always be scary. Your first anything always is. But write your system down and follow it. I also think you need some rules and disciplines to be successful. I will post you mine later. I have to go eat now. But you said something that makes me believe you will be successful. One, "i eat, breath and sleep programming". It tells me you have a passion for this. And second, you called trading a business. Which it is. Never forget that! It's not a game, hobby, or pass time. I treat it as a business and everyone who is successful does too.
But as for my EA. I'm trying to write an EA to trade a system Called "The River". I'll explain why I think it will work later.

Ty
  • #14
  • Last Post: Dec 17, 2007 11:12am Dec 17, 2007 11:12am
I'd be glad to help. PM me your Email
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