Is this EA based on the Sidus Method? Heard it might be. Thanks IMO
Ignored
Originally it was loosely based upon the Sidus Method, but I have evolved the EA into a system which can vary immensely from the strict interpretation defined by the "Sidus Method". Although, the heart of it still can go back to those roots.
So it is just better than the Sidus Method then? .... LOL ... I may try it in a demo ... Does the EA need to be compiled before using? Thanks!
Quoting GirlFlyer
Disliked
Originally it was loosely based upon the Sidus Method, but I have evolved the EA into a system which can vary immensely from the strict interpretation defined by the "Sidus Method". Although, the heart of it still can go back to those roots.
The take profit is not predetermined. The EA will exit when it feels that it is the right time to get out. Howevever, you are welcome to exit a trade early if you wish. It does not cause problems with the execution of the EA.
btw (the in red letters), cute attempt at getting my attention!
Marci
Ignored
Great concept! I have done some forward testing and taking myself out of a trade when in good profit seems to be a key element. On other EA's it does not work so smoothly.
Great concept! I have done some forward testing and taking myself out of a trade when in good profit seems to be a key element. On other EA's it does not work so smoothly.
Thanks,
Traderbill
Ignored
I'm glad it works out for you. I've tried to make the EA as flexible as possible.
For anybody still using the EA, do you have a wish list of options/things you would like to see for any future versions?
GirlFlyer
Ignored
I do not know how easy this is, but here goes....
An option to indicate if the lot open will be considered multiple lots or not. If considered multiple lots, then as the market moves in our favor, close half of positions as TP1 is met, and set position two with a S/L of breakeven so we at least do not go into negative loss and let this run to TP2 or let it run since this is free money anyway.... The setting would be a TP1 for half of the positions opened, and other half would have a higher TP2 [greater than TP1 or no TP2 specified].
If a position is closed manually, update the comments in left hand corner of lots in play....
Please see attach Word document. Why did Flyer 105A trigger a sell signal? I have been successfully testing this ea since November. This has happened several times in the past. I am very happy with this version and have not had a losing week since November.
Please see attach Word document. Why did Flyer 105A trigger a sell signal? I have been successfully testing this ea since November. This has happened several times in the past. I am very happy with this version and have not had a losing week since November.
Thanks,
dbcmkx
Ignored
Simple answer, the short LWMA's crossed to the lower side of the two longer EMA's. They were both completely on the bottom side. Consequently the EA went short. Granted they were not far past the EMA's, but it was enough to trigger the sell.
I'm glad V105A is working out for you. Can't win them all
An option to indicate if the lot open will be considered multiple lots or not. If considered multiple lots, then as the market moves in our favor, close half of positions as TP1 is met, and set position two with a S/L of breakeven so we at least do not go into negative loss and let this run to TP2 or let it run since this is free money anyway.... The setting would be a TP1 for half of the positions opened, and other half would have a higher TP2 [greater than TP1 or no TP2 specified].
If a position is closed manually, update the comments in left hand corner of lots in play....
Simple answer, the short LWMA's crossed to the lower side of the two longer EMA's. They were both completely on the bottom side. Consequently the EA went short. Granted they were not far past the EMA's, but it was enough to trigger the sell.
I'm glad V105A is working out for you. Can't win them all
Marci
Ignored
Marci,
The question I have is why did it enter a sell trade after the trend had reversed for three candles?
The question I have is why did it enter a sell trade after the trend had reversed for three candles?
Thanks,
dbcmkx
Ignored
Even though the trend had reversed for those three candles, the LWMA's still went below the EMA on that candle enough to trigger the trade because it hadn't reversed fast enough to keep the LWMA's from passing completely through. V105 as you are using doesn't accomodate for the change in the trend as V200 might be more likely to do (although its not foolproof either).
This is a classic example of how difficult it is to program an EA. Computers have a set/strict logic routine which usually has a very definitive line that when crossed triggers the execution of further action. You may have heard the terminology called "fuzzy logic" which attempts to solve this somewhat hard line. Fuzzy logic programming is an intensive matter and is usually beyond the scope of what we can put in EA's because of the processing requirements. Although, would/could we do this more easily, perhaps these kind of situations could be improved upon.
Anyway, I hope it helps to understand a little better.
I d/l the flyer EA and have tested it on EUR/USD to see how it would handle trades and compare against manual trades using the same indicators.
i'm not quite sure 100% how the trailing stop loss works. I think it works by modifying the stop loss when it reaches the trailing stop level. eg
enter a buy @ 1.3000 have s/l set at 50pips = 1.2950 & trail 20pips
so when the price moves up to 1.3020, the stop is now moved to 1.2970
i would have thought the stop would be moved to the b/e of 1.3000
how exactly does it work. (if this has been asnwered somewhere, apologies for repeating)
Ignored
The trailing stop function that I have programmed is a little different, but very similar. After the price hits the 1st t/s level is hit, it moves the s/l to the open trade price + 10 pips. After that, the s/l is moved incrementally up by the T/S value as it hits each level from the open trade + 10 pips. Below is an example of how it would work:
Buy eur/usd at 1.3000, T/S = 30, S/L = 50
price hits 1.3030, S/L now becomes 1.3010
Price hits 1.3070, S/L now becomes 1.3040
etc., etc.
