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High & Low 8 Hours (GBP/JPY)

  • #1,501
  • Dec 17, 2007 8:23pm Dec 17, 2007 8:23pm
Quoting saaedb
Here, this is the same EA as the previous post. The only difference in this is that I changed the MinAllowedLotSize default value from 0.01 to 0.1.
This will minimize the number of people who get the 131 error and post in the channel. Coz most of the time the error is because this variable is set incorrectly.
Saaedb,
Thanks for updating your EA. I guess we will see next Sunday, if it works properly. In the mean time, I would like to ask you for an additional feature for EA. I do not want to make it complicated, however, if you think that it is worth doing I would appreciate that. Here is the proposal:

Add one or two new inputs such as ( Trade on Mondays =true/false, Trade on Fridays =true/false, or Trade on MondaysAndFridays =true/false. Ideally they should be seperate). The reason for my proposal is first of all it gives option to trader to choose to trade or not on Mondays and Fridays (I have seen some posts that they say the probabilty of getting failed is high on Mondays and Fridays). Secondly it would be good to confirm that by running backtests.

The other think is I strongly recommend you to visit http://www.forexfactory.com/showthre...=57426&page=21 if you have not already done.

This thread by GCTrader1. It looks so promising. The system is in different platform. Fxhermit has done very good job of creating very similar indicators for MT4, however there is definitely improvement there and automation if possible
  • #1,502
  • Dec 17, 2007 8:43pm Dec 17, 2007 8:43pm
Hi Nico,

What office is that?

Quoting Nicotina
I am open a office and now I dont have time but I have tried to follow the thread.
  • #1,503
  • Dec 17, 2007 10:36pm Dec 17, 2007 10:36pm
Quoting harv58
saeedb
Pls can you help, apologies if i missed earlier 131 error.
my EA works fine with practice account, settings are: fixedlot=0.1, risk=1.0, moneymanagement=true, minilotsizeallowed=0.1, isaccountmini=false.
As soon as i try with small live account error 131 still appears. What am i missing?

ta Harve

Whats the account size? Can the account handle a your SL settings with a 0.1 lot size?
You get the 131 error when the lot size is incorrect according to the account size. Try to set the MoneyManagement = false and set the fixedlotsize to 0.1 and see what you get.
  • #1,504
  • Dec 17, 2007 10:47pm Dec 17, 2007 10:47pm
Quoting Fx97
Saaedb,
Thanks for updating your EA. I guess we will see next Sunday, if it works properly. In the mean time, I would like to ask you for an additional feature for EA. I do not want to make it complicated, however, if you think that it is worth doing I would appreciate that. Here is the proposal:

Add one or two new inputs such as ( Trade on Mondays =true/false, Trade on Fridays =true/false, or Trade on MondaysAndFridays =true/false. Ideally they should be seperate). The reason for my proposal is first of all it gives option to trader to choose to trade or not on Mondays and Fridays (I have seen some posts that they say the probabilty of getting failed is high on Mondays and Fridays). Secondly it would be good to confirm that by running backtests.

The other think is I strongly recommend you to visit http://www.forexfactory.com/showthre...=57426&page=21 if you have not already done.

This thread by GCTrader1. It looks so promising. The system is in different platform. Fxhermit has done very good job of creating very similar indicators for MT4, however there is definitely improvement there and automation if possible
I'm short of time these days, I'm about to leave the country. But here's the deal. If you can get a document with concise entry/exit conditions for the system. I will make an EA for it before I leave. Probably during the christmas holidays.
  • #1,505
  • Dec 17, 2007 11:07pm Dec 17, 2007 11:07pm
Quoting saaedb
I'm short of time these days, I'm about to leave the country. But here's the deal. If you can get a document with concise entry/exit conditions for the system. I will make an EA for it before I leave. Probably during the christmas holidays.
Saaedb,
I guess you ment for pivot point squeeze method, right? I will try my best, however I will be also in vacation starting next Saturday and have some stuff to wrap up before christmas Lets see what I can do. Have a safe trip and enjoy it You are going to England right?
  • #1,506
  • Dec 18, 2007 12:18am Dec 18, 2007 12:18am
Quoting Fx97
Saaedb,
I guess you ment for pivot point squeeze method, right? I will try my best, however I will be also in vacation starting next Saturday and have some stuff to wrap up before christmas Lets see what I can do. Have a safe trip and enjoy it You are going to England right?
Yeah.
  • #1,507
  • Dec 18, 2007 12:20am Dec 18, 2007 12:20am
Quoting saaedb
Which broker are you using?

am ussing northfinance.

my SL has been reached and i enter another trade. my buy stop is at TP 229.86, is it correct
  • #1,508
  • Dec 18, 2007 1:42am Dec 18, 2007 1:42am
Quoting saaedb
Whats the account size? Can the account handle a your SL settings with a 0.1 lot size?
You get the 131 error when the lot size is incorrect according to the account size. Try to set the MoneyManagement = false and set the fixedlotsize to 0.1 and see what you get.
Account size only £500, tried the new settings, kept the rest the same, still error 131. Use MIG broker. very confused now. thanks.
ta Harve
learn, profit, share
  • #1,509
  • Dec 18, 2007 3:54am Dec 18, 2007 3:54am
Quoting harv58
Account size only £500, tried the new settings, kept the rest the same, still error 131. Use MIG broker. very confused now. thanks.
ta Harve

You're doing something wrong, I just tried it on MIG with a $500 account and everything is working properly.

Show me all your settings.
  • #1,510
  • Dec 18, 2007 4:13am Dec 18, 2007 4:13am
my SL was reached two times. is that the samething with you all? or am wrong in calculation?
  • #1,511
  • Dec 18, 2007 4:15am Dec 18, 2007 4:15am
With yesterdays 2 losses -200 (using 100 stoploss) lets see what it does today. 200 pips in one day. I guess I will have to use 50 from the original

Fxcm

High 228.89
Low 227.76

As I type the stoploss on the buy was hit. I'll have to put 228.89 buy in for the second time. I will be through for the day.
  • #1,512
  • Dec 18, 2007 4:19am Dec 18, 2007 4:19am
There is a big news today for GBP (CPI) 0430 EST. We should have stayed away from Nicotina, or at least should not place the second entry after the first SL.

Quoting yullah
my SL was reached two times. is that the samething with you all? or am wrong in calculation?
"People sometimes mistake luck with skill"
  • #1,513
  • Dec 18, 2007 4:21am Dec 18, 2007 4:21am
Tough few days (starting last Friday) for Nicotina system.

Quoting smurf
With yesterdays 2 losses -200 (using 100 stoploss) lets see what it does today. 200 pips in one day. I guess I will have to use 50 from the original

Fxcm

High 228.89
Low 227.76

As I type the stoploss on the buy was hit. I'll have to put 228.89 buy in for the second time. I will be through for the day.
"People sometimes mistake luck with skill"
  • #1,514
  • Dec 18, 2007 4:22am Dec 18, 2007 4:22am
Quoting yullah
my SL was reached two times. is that the samething with you all? or am wrong in calculation?

You were not wrong. It did hit twice.
  • #1,515
  • Dec 18, 2007 4:28am Dec 18, 2007 4:28am
2 (even 3 or 4) losses in a row is not a big deal.

This strategy (I prefer the 100 SL/ no re-enter) has proven to be profitable in the long run. It's important to place the stop orders everyday as to allow the long-term performance to unfold.

I know that taking hits like y'day and today sucks. But we have to keep the eye in the long run

  • #1,516
  • Dec 18, 2007 4:31am Dec 18, 2007 4:31am
Did not get in, in time to get in on the first stoploss on buy but, I put the trade in anyway not realizing the stoploss had been hit. That would have put me out for the day. I am going to have to stick to the system. Stoploss times and all. It will just differ in the Hi-Low.
  • #1,517
  • Dec 18, 2007 4:37am Dec 18, 2007 4:37am
Quoting smurf
You were not wrong. It did hit twice.
thank you. i appreciate ur reply

SMURF
  • #1,518
  • Dec 18, 2007 4:38am Dec 18, 2007 4:38am
I'm also (still) very positive of this system. In fact, for this month, I'm still up more than +200 pips including today's loss.

Have you consistently traded with 100 S/L?

Quoting cesarnc
2 (even 3 or 4) losses in a row is not a big deal.

This strategy (I prefer the 100 SL/ no re-enter) has proven to be profitable in the long run. It's important to place the stop orders everyday as to allow the long-term performance to unfold.

I know that taking hits like y'day and today sucks. But we have to keep the eye in the long run

"People sometimes mistake luck with skill"
  • #1,519
  • Dec 18, 2007 4:40am Dec 18, 2007 4:40am
Quoting cesarnc
2 (even 3 or 4) losses in a row is not a big deal.

This strategy (I prefer the 100 SL/ no re-enter) has proven to be profitable in the long run. It's important to place the stop orders everyday as to allow the long-term performance to unfold.

I know that taking hits like y'day and today sucks. But we have to keep the eye in the long run

i think i will be ussing 100 for my SL too
  • #1,520
  • Dec 18, 2007 4:44am Dec 18, 2007 4:44am
Quoting cesarnc
2 (even 3 or 4) losses in a row is not a big deal.

This strategy (I prefer the 100 SL/ no re-enter) has proven to be profitable in the long run. It's important to place the stop orders everyday as to allow the long-term performance to unfold.

I know that taking hits like y'day and today sucks. But we have to keep the eye in the long run



I am still thinking about that 100 stop loss. Do you use only one trade a day? If so, you are still in the trade. Yesterday you had only 1 loss (-100), with one trade. Am I right?
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