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Is This My Holy Grail EA :D

  • #181
  • Feb 5, 2008 3:53am Feb 5, 2008 3:53am
This is the results of two days trading pennies. So this is live trading monday and tuesday. I have turned it off for now and will turn it back on after the 11 am news story. I am glad I turned it off since there was a big move at 430 and it wiped out the demo account I was testing on. You will also see a dip. That was a trade i closed that looked like it was heading for trouble.
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
  • #182
  • Feb 5, 2008 3:58am Feb 5, 2008 3:58am
Anyway that is 34.00 in profit on 400 dollar account about 8.5% in 36 hours. Some guy will come online line later and laugh at this but doing penny trading until something is proven is better than a demo trade and you are not risking large sums of money. I really think that with Martingale systems .01 to .10 trades can make a nice income if you handle them right and you have enough funds in your account.
  • #183
  • Feb 5, 2008 4:09am Feb 5, 2008 4:09am
The reason the sto ea 2 is working better is it doesnt enter until price comes down from its peak. Instead of enter when price gets greater than 97 on the sto. It enters when sto goes above 97 and then goes below 97. This helps in not getting stuck on a fast moving news story for hundreds of pips in a hole. Not a perfect solution but it does work better.
  • #184
  • Feb 5, 2008 6:36am Feb 5, 2008 6:36am
Thanks Bob!

Maybe that lines i need change to be equal to EA_2 ?

THIS ?
--------------
if (PreviousOpenOrders>OpenOrders)
{
for(cnt=OrdersTotal()-1;cnt>=0;cnt--)
{
if (OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES))
{
mode=OrderType();
if ((OrderSymbol()==Symbol() && OrderMagicNumber() == MagicNumber) || AllSymbolsProtect)
{
if (mode==OP_BUY || mode==OP_SELL)
{
OrderClose(OrderTicket(),OrderLots(),OrderClosePrice(),slippage,ArrowsColor);
return(0);
}
}
}
}
for(cnt=0;cnt<OrdersTotal();cnt++)
{
if (OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES))
{
mode=OrderType();
if ((OrderSymbol()==Symbol() && OrderMagicNumber() == MagicNumber) || AllSymbolsProtect)
{
if (mode==OP_SELLLIMIT || mode==OP_BUYLIMIT || mode==OP_BUYSTOP || mode==OP_SELLSTOP)
{
OrderDelete(OrderTicket());
return(0);

OR MAYBE THIS THIS:
--------------------------------
//Sell order
// if(previousstoch>H_level && currentstoch<H_level)
if(stoch<H_level && stoch1>H_level && stoch2>H_level)

{
myOrderType=1;
}

//buy order
// if(previousstoch<L_level && currentstoch>L_level)
if(stoch>L_level && stoch1<L_level && stoch2<L_level)

{
myOrderType=2;
  • #185
  • Feb 5, 2008 8:41am Feb 5, 2008 8:41am
The second section is your logic. The numbers to change is at the top of the program. I think it is set on 14 3 3 Those are the numbers you can change for the sto. The program also allows you to change to which chart, like 30M 60M 240M=4h. It also has lots of other things. Feel free to ask questions if you need something explained.
  • #186
  • Feb 5, 2008 9:12am Feb 5, 2008 9:12am
Quoting nanningbob
The second section is your logic. The numbers to change is at the top of the program. I think it is set on 14 3 3 Those are the numbers you can change for the sto. The program also allows you to change to which chart, like 30M 60M 240M=4h. It also has lots of other things. Feel free to ask questions if you need something explained.
If I have read it good, then your testing this system on a live account?
That's nice do you do it often with those small amounts?
  • #187
  • Feb 6, 2008 9:14am Feb 6, 2008 9:14am
Quoting nanningbob
The second section is your logic. The numbers to change is at the top of the program. I think it is set on 14 3 3 Those are the numbers you can change for the sto. The program also allows you to change to which chart, like 30M 60M 240M=4h. It also has lots of other things. Feel free to ask questions if you need something explained.
Ok, Thanks. Iīm testing using 15M and sto 14 3 3 and 17 3 3, and variations of Pipstep and TP.

Bob, do u know where i change the option to disable the EA close the open trades when sto give another signal?

Regards
  • #188
  • Feb 6, 2008 7:57pm Feb 6, 2008 7:57pm
I am not sure I understand your question. At this point my answer is no.
Sorry

Bob
  • #189
  • Edited 8:07pm Feb 6, 2008 8:06pm | Edited 8:07pm
Quoting derrekmay
If I have read it good, then your testing this system on a live account?
That's nice do you do it often with those small amounts?
I only test a Martingale or any system with small amounts. Most people do not understand exponential trading instead of multiplication trading. You can use Martingale system using pennies and a company like InterbankFX which allows you to do that. Some companies change the pennies to dimes when you get to a certain amount in your account so you need to be careful. I have found that using martingale systems and being extremely conservative works. I attached my last live trading account. Notice the two dips in the line. Twice I had to go in and close a trade that was looking bad. Once it was the right decision and once it was a wrong decision.
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
  • #190
  • Feb 7, 2008 6:12am Feb 7, 2008 6:12am
Hi Bob,

Sorry, i will try again

You noted that sometimes the order are closed in negative? This so noticed when Stoch gives information that prices will go in the other direction.

I prefer to leave myself decide when I will close, like u do.

Excuse me, my first language is Portuguese.
Regards
  • #191
  • Feb 8, 2008 2:21pm Feb 8, 2008 2:21pm
Quoting Numeral
Hi Bob,

Sorry, i will try again

You noted that sometimes the order are closed in negative? This so noticed when Stoch gives information that prices will go in the other direction.

I prefer to leave myself decide when I will close, like u do.

Excuse me, my first language is Portuguese.
Regards
I think I understand your question. When I manually close positions so it wont open another position in the same currency, you can do two things. Turn off the EA and then close positions or close the currency screen and then close postions. The second way is better if you are doing several currencies and you no longer want to use that currency for the day. Good luck and let me know how using the 15M works. I like the 14,3,3 with the 30M but have never demoed using the 15M. Does it give you more successful trades per day??
  • #192
  • Feb 8, 2008 2:23pm Feb 8, 2008 2:23pm
There is a third way too. You can go to the upper right hand corner of the screen on the smiley face, right click on it and turn off the EA to that currency screen.
  • #193
  • Feb 9, 2008 7:01am Feb 9, 2008 7:01am
Quoting nanningbob
I think I understand your question. When I manually close positions so it wont open another position in the same currency, you can do two things. Turn off the EA and then close positions or close the currency screen and then close postions. The second way is better if you are doing several currencies and you no longer want to use that currency for the day. Good luck and let me know how using the 15M works. I like the 14,3,3 with the 30M but have never demoed using the 15M. Does it give you more successful trades per day??
Thanks for the tips!

Yes, the 15M is working good. I will try with 30M to see if it is more successful. I like this EA for a lot of reasons, at first i donīt like the close orders at friday, but now i like. At demo i make 10% in one week. to me, itīs a excelent result.

Thanks again for the help.
Regards
  • #194
  • Feb 9, 2008 7:47am Feb 9, 2008 7:47am
Quoting nanningbob
Anyway that is 34.00 in profit on 400 dollar account about 8.5% in 36 hours. Some guy will come online line later and laugh at this but doing penny trading until something is proven is better than a demo trade and you are not risking large sums of money. I really think that with Martingale systems .01 to .10 trades can make a nice income if you handle them right and you have enough funds in your account.
You might be doing this with pennies, but you wouldn't dare trade it with pounds.
  • #195
  • Edited 9:13am Feb 12, 2008 9:11am | Edited 9:13am
Quoting Numeral
Thanks for the tips!

Yes, the 15M is working good. I will try with 30M to see if it is more successful. I like this EA for a lot of reasons, at first i donīt like the close orders at friday, but now i like. At demo i make 10% in one week. to me, itīs a excelent result.

Thanks again for the help.
Regards
If you are using the program that you can get into the program, you can change the trade on Friday from false to true if you want. Then you can trade on Fridays. This last Friday I traded after the news and pick up some more profit on the EUR/JPY. I got out at 3Pm EST
  • #196
  • Edited 9:19am Feb 12, 2008 9:18am | Edited 9:19am
These are my live trades using pennies from Feb3 to Feb. 11. I had InterbankFX cut me a check for 250 today.
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
  • #197
  • Feb 13, 2008 8:26am Feb 13, 2008 8:26am
Quoting nanningbob
If you are using the program that you can get into the program, you can change the trade on Friday from false to true if you want. Then you can trade on Fridays. This last Friday I traded after the news and pick up some more profit on the EUR/JPY. I got out at 3Pm EST
Yes, true. But the program that allow i get into it, donīt works fine like the other, i donīt know why. I try to change others settings like to M30, M15, Stoch H: 85 L: 15, but no big changes. That Version #2 opens more orders.

Can u share the settings that r u using? maybe i find something..

Best Regards
  • #198
  • Feb 13, 2008 9:05am Feb 13, 2008 9:05am
http://www.forexfactory.com/attachme...1&d=1197313611

Quoting Fx1618
And I almost sold the house to fund yet another EA account...

To be honest I only dowloaded it and test it in my testing platform, have not yet looked at it closely.
looooooool - best picture EVER
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #199
  • Feb 13, 2008 11:20am Feb 13, 2008 11:20am
Quoting effilang
http://www.forexfactory.com/attachme...1&d=1197313611



looooooool - best picture EVER
If you properly study the backtesting you will see the death trade happens during some news story which carries the trade beyond what a Martingale system can do. I stay out of the Market from 3am to 11am EST to avoid the news stories which cause the big drop or death trade. The second thing you do is do not keep the money in the account and let it build waiting for the death trade to take it. Every week cut yourself a check and soon you are playing with free money. The Martingale system can work if you know how to use it and understand it.
  • #200
  • Feb 13, 2008 11:22am Feb 13, 2008 11:22am
The third thing you do is use penny trades. You make money but you are not risking the house.
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