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Quest 100 System

  • #121
  • Feb 24, 2008 6:54pm Feb 24, 2008 6:54pm
NealC99,

Thanks for that help. The only experience I had with MA's has been 2-3 EMA's I used in the past, but never needed to set the + or - on those. This method looks really good & I will try it this week. Thanks for sharing.

AceTrader
  • #122
  • Feb 24, 2008 9:34pm Feb 24, 2008 9:34pm

thanks for the method....i think no need to modify....dont fix the perfect thing or it become flawless...the heart of this system is the level itself...
help me alot to book my profit by seeing the price tension....

thank you again....

"Analysis Is Hard But Trade Is Easy"
  • #123
  • Feb 25, 2008 12:34am Feb 25, 2008 12:34am
There's always room for improvement SEVEN. if you don't want to see it improved just use the current EA. I'd rather see Neal work his magic.
  • #124
  • Feb 25, 2008 4:10am Feb 25, 2008 4:10am
Hi Nealc , this is morning update with v1.01 version
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  • #125
  • Feb 25, 2008 4:47am Feb 25, 2008 4:47am
New version 1.01 you are fast, my computer at home is still running 1.00 will change it when I get back home
  • #126
  • Feb 25, 2008 5:01am Feb 25, 2008 5:01am
hi neal,
well done on all your efforts. you have really done a good job. but please can you put up a brief explanation again as to how to trade this system manually. what is my entry codition?
my exit
and stoploss
if possible u can illustrate with a pictorial example. i am sorry to draw you back, but i tried reading the explantion on the first post but didnt understand it. thank you.
  • #127
  • Feb 25, 2008 6:04am Feb 25, 2008 6:04am
Update : entered short also gbpusd
just a consideration : at this point i am up about + 140 pips , so' i can close all positions manually and done for today.....
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  • #128
  • Feb 25, 2008 6:11am Feb 25, 2008 6:11am
The 1.01 is working brillantly today up around 240 pips with a mix of several pairs.

I let it run without closing the position as the point is also to test the closing functionnality of the EA and the trailing functionnality.

Some orders are up a lot of pips but the EA has yet to update the SL to at least BE... For example audcad went up to +45 but the SL has not been updated yet.

Does the Risk = 10 has an impact on this ?
  • #129
  • Feb 25, 2008 6:47am Feb 25, 2008 6:47am
Quoting gioviforex
Update : entered short also gbpusd
just a consideration : at this point i am up about + 140 pips , so' i can close all positions manually and done for today.....

To manually close positions would negate meaning of EA, also it would give so much variation in results it wouldnt make any sense, just my opinion.
  • #130
  • Feb 25, 2008 7:14am Feb 25, 2008 7:14am

i said that because i see people trying to give an insight and likely trying to modified it without fully understanding the system itself...
i welcomed any improvement and I AM waiting for it...but people pleaese study the heart of the method before u pop up with said to be a brilliant idea...my word is no offend

Quoting vincent001
There's always room for improvement SEVEN. if you don't want to see it improved just use the current EA. I'd rather see Neal work his magic.

"Analysis Is Hard But Trade Is Easy"
  • #131
  • Feb 25, 2008 8:01am Feb 25, 2008 8:01am
Quoting melpheos
The 1.01 is working brillantly today up around 240 pips with a mix of several pairs.

I let it run without closing the position as the point is also to test the closing functionnality of the EA and the trailing functionnality.

Some orders are up a lot of pips but the EA has yet to update the SL to at least BE... For example audcad went up to +45 but the SL has not been updated yet.

Does the Risk = 10 has an impact on this ?
Risk is only used when MoneyManagement=TRUE. It will use 10% of your remaining balance for each trade.

Well done!
Neal
  • #132
  • Feb 25, 2008 8:02am Feb 25, 2008 8:02am
Quoting gioviforex
Update : entered short also gbpusd
just a consideration : at this point i am up about + 140 pips , so' i can close all positions manually and done for today.....
Well done on your 2nd chart!
  • #133
  • Feb 25, 2008 8:05am Feb 25, 2008 8:05am
Quoting Ahil
To manually close positions would negate meaning of EA, also it would give so much variation in results it wouldnt make any sense, just my opinion.
I agree when "testing" an EA. When "using" an EA to make money, the human has so much more knowlege of things an EA may not be programmed for that closing manually is a good idea.

Let's say your coming up on a Daily/Monthly Support/Resestance barirer. The EA doesn't know that and it might be a good idea to keep an eye on things and close out manually depending on where the market goes.
  • #134
  • Feb 25, 2008 8:25am Feb 25, 2008 8:25am
Quoting nealc99
Risk is only used when MoneyManagement=TRUE. It will use 10% of your remaining balance for each trade.

Well done!
Neal
So is there any settings that would impact how quickly the EA will modify the SL ?

Now the EA has closed 4 orders for +33 (mixed between loss and win) and has +190 is floating gain but a position soon to be closed @ -45 pip )

I think you should try to implement a SL based on a calculation rather than a fixed value (if i understand well your different statements and the extern values of the EA )
  • #135
  • Feb 25, 2008 8:35am Feb 25, 2008 8:35am
Quoting gioviforex
Update : entered short also gbpusd
just a consideration : at this point i am up about + 140 pips , so' i can close all positions manually and done for today.....

I see that you had a couple of orders placed with out the T/P set. Was that you that set it, or is the new version of the EA still doing this? Thanks
  • #136
  • Feb 25, 2008 8:39am Feb 25, 2008 8:39am
Quoting nealc99
I agree when "testing" an EA. When "using" an EA to make money, the human has so much more knowlege of things an EA may not be programmed for that closing manually is a good idea.

Let's say your coming up on a Daily/Monthly Support/Resestance barirer. The EA doesn't know that and it might be a good idea to keep an eye on things and close out manually depending on where the market goes.

I agree! But for those that can't be at there computer all day, is it possible to have an option where the EA will close all trades when a certain % of equity balance is acheived or a specified amount of total pips?
  • #137
  • Feb 25, 2008 8:44am Feb 25, 2008 8:44am
Quoting melpheos
So is there any settings that would impact how quickly the EA will modify the SL ?

Now the EA has closed 4 orders for +33 (mixed between loss and win) and has +190 is floating gain but a position soon to be closed @ -45 pip )

I think you should try to implement a SL based on a calculation rather than a fixed value (if i understand well your different statements and the extern values of the EA )
"StopDistance" has influence on the stop loss. It is the amout of pips + or - from the 13EMA.

Stops start updating once the market is under/over the 13EMA and the trade is in profit.
  • #138
  • Feb 25, 2008 8:48am Feb 25, 2008 8:48am
Quoting Cmartin371
I see that you had a couple of orders placed with out the T/P set. Was that you that set it, or is the new version of the EA still doing this? Thanks
Be sure you are useing v1.01 Version 1.1 will not have T/P - it will be based on exiting a trade based on various strategies (i.e. crosses back over the 13EMA in the other direction is one of them).
  • #139
  • Feb 25, 2008 8:48am Feb 25, 2008 8:48am
Quoting Cmartin371
I agree! But for those that can't be at there computer all day, is it possible to have an option where the EA will close all trades when a certain % of equity balance is acheived or a specified amount of total pips?
Will keep that ability in mind during development.
  • #140
  • Feb 25, 2008 9:13am Feb 25, 2008 9:13am
Quoting nealc99
Be sure you are useing v1.01 Version 1.1 will not have T/P - it will be based on exiting a trade based on various strategies (i.e. crosses back over the 13EMA in the other direction is one of them).
Looks like he was using 1.01. But still no T/P set on 2 orders. No biggie if the new version will not have them anyway. Thanks for all your hard work!
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