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Quest 100 System

  • #261
  • Feb 29, 2008 1:22am Feb 29, 2008 1:22am
Neal

Just a little clarification if you don't mind.....Do we use the v1.1 EA with the 1.2 template ? Thanks
  • #262
  • Feb 29, 2008 2:07am Feb 29, 2008 2:07am
Quoting nealc99
== Money Management ==
Lots=1 Lot size for each trade (i.e. 1.0, .01, .1)
MoneyManagement=false Use money management routines
Risk=10 Percent of account balance to risk on a trade
I'm a bit confused by the MM system in the EA here - should you be using the Lots and Risk settings together? Or does the EA auto calculate what Lot size to be using if you have MoneyManagement=true and Risk set?

Thanks!

- Kevin
  • #263
  • Feb 29, 2008 2:24am Feb 29, 2008 2:24am
Quoting stan88
Hi neal thanks for sharing us ur hard job. but i just wonder if we can use it to trade in gj with ur most recent ea? and what paor do u suggest the best
thanks
No currently on GBP/JPY and GOLD. If you put the regular 1.1 template on GJ or GOLD you will see why. The levels are radically different for those two. It will not only require slight differences in the code, but all the settings will be different. Perhaps in v1.3 I'll tackle GJ at least (not v1.2).
  • #264
  • Edited 2:43am Feb 29, 2008 2:26am | Edited 2:43am
Quoting vincent001
Neal

Just a little clarification if you don't mind.....Do we use the v1.1 EA with the 1.2 template ? Thanks
Yes. Probably I should mention it in the post #1 or use a different versioning technique.

The template version and the EA version are not related in any way.

There will always only be 1 version of each in post #1 and it will just be the most recent one that we are using.
  • #265
  • Edited 3:32am Feb 29, 2008 2:40am | Edited 3:32am
Quoting kdrugan
I'm a bit confused by the MM system in the EA here - should you be using the Lots and Risk settings together? Or does the EA auto calculate what Lot size to be using if you have MoneyManagement=true and Risk set?

Thanks!

- Kevin
Yes, that's a little confusing isn't it. I will move Lots= up under a different category.

Lots= is used regardless if you have MoneyManagement enabled or not so you can control how many lots it uses for each trade.

If MoneyManagement is TRUE, it doesn't even look at the Lots= setting. It will do it's calculation and the minimum will be 0.1 if your account balance is too low. (Maximum will be 99).
  • #266
  • Feb 29, 2008 2:44am Feb 29, 2008 2:44am
Quoting nealc99
Yes, that's a little confusing isn't it. I will move Lots= up under a different category.

Lots= is used regardless if you have MoneyManagement enabled or not so you can control how many lots it uses for each trade.

If MoneyManagement is TRUE, it doesn't even look at the Lots= setting. It will do it's calculation and the minimum will be 0.1 if your account balance is too low. (Maximum will be 99 due to the limitation of the trading platform).
Excellent!

And the Risk % is on a per trade basis, or in terms of how many trades the EA will allow you to have open full stop? I'm reading it as per trade, but wondering if there's some way to limit how many trades in total the EA could have you in.
  • #267
  • Edited 2:51am Feb 29, 2008 2:50am | Edited 2:51am
I know you're a total rookie if you actually entertain the idea of 500 pips a week. At that rate you could eclipse Bill Gates and Warren Buffet in wealth within a year. I suggest you take a reality pill.
  • #268
  • Feb 29, 2008 2:54am Feb 29, 2008 2:54am
Quoting kdrugan
Excellent!

And the Risk % is on a per trade basis, or in terms of how many trades the EA will allow you to have open full stop? I'm reading it as per trade, but wondering if there's some way to limit how many trades in total the EA could have you in.
Risk= and the balance of your account determine the lot size calculation - so it doesn't matter if you have 10 EA's running it always looks at your account balance * Risk= (which is a percentage) to determine lot size.

Each EA (Quest EA at least) should only allow 1 trade open per MagicNumber.
  • #269
  • Feb 29, 2008 2:59am Feb 29, 2008 2:59am
Quoting ftraderx
I know you're a total rookie if you actually entertain the idea of 500 pips a week. At that rate you could eclipse Bill Gates and Warren Buffet in wealth within a year. I suggest you take a reality pill.
Got to have a goal (whether or not it can be reached)

Is 20-30 pips per day for a pair unrealistic?

Well 20 pips per day by trading 5 different pairs = 100 pips per day.

I agree that 100 per day on a single pair or trade is unrealistic on an ongoing basis.
  • #270
  • Feb 29, 2008 4:25am Feb 29, 2008 4:25am
Just put 1.1 on MT4 but it wont trade with uninit5 reason...

Also, the EA says that it wont work on live account but it's on demo ATM...

Any idea ?

Have you changed the logic because the previous version was was trading allmost as soon as i put it on my charts ?
  • #271
  • Feb 29, 2008 4:34am Feb 29, 2008 4:34am
Quoting melpheos
Just put 1.1 on MT4 but it wont trade with uninit5 reason...

Also, the EA says that it wont work on live account but it's on demo ATM...

Any idea ?

Have you changed the logic because the previous version was was trading almost as soon as i put it on my charts ?
It is probably fine.

Uninit5 states that you changed the parameters (perhaps the magicnumber after it had a smiley face) and it was just restarting the EA:

http://docs.mql4.com/constants/uninit

No, it normally will not start a trade immediately now. I've only had 2 trades so far today since 8:00 GMT and none are currently open.

The "demo" statement always appears when the EA first starts in the journal. You would also get an ALERT box if you tried to put it on a live account.
  • #272
  • Feb 29, 2008 4:38am Feb 29, 2008 4:38am
Quoting nealc99
It is probably fine.

Uninit5 states that you changed the parameters (perhaps the magicnumber after it had a smiley face) and it was just restarting the EA:

http://docs.mql4.com/constants/uninit

No, it normally will not start a trade immediately now. I've only had 2 trades so far today since 8:00 GMT and none are currently open.

The "demo" statement always appears when the EA first starts in the journal. You would also get an ALERT box if you tried to put it on a live account.
Thanks a lot, so i'll let it run from now then
  • #273
  • Feb 29, 2008 6:24am Feb 29, 2008 6:24am
I think the new version will work well in ranging markets. with the new "auras" around the MAs. But the trends are strong this week. The EA opened up a short on U/CHF and was 20 pips up then stopped and reversed but was stopped out and washed the 20 pip gain. If the short had kept going I think it would have hit T/P......oh well. Not gonna win them all.

Chris
  • #274
  • Feb 29, 2008 6:25am Feb 29, 2008 6:25am
Quoting azjeff
Neal,

Why not have a global closure feature if all trades are open 100 pips close them out?

Jeff

That would be a good thing!
  • #275
  • Feb 29, 2008 6:43am Feb 29, 2008 6:43am
@ Neal

Not sure why the EA didn't open the short on the highlighted candle on the chart.

TimeFreedom
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Click to Enlarge Name: quest100_v1.1_eurusd_02-29-08_01.gif Size: 34 KB
  • #276
  • Feb 29, 2008 6:48am Feb 29, 2008 6:48am
Quoting TimeFreedom
@ Neal

Not sure why the EA didn't open the short on the highlighted candle on the chart.

TimeFreedom

I don't think you are using the new template. The entries I think are based on when it hits the new levels of the 13. That is why my U/CHF was a stop and reverse, but it kept going and washed my 20 pip gain
  • #277
  • Feb 29, 2008 12:01pm Feb 29, 2008 12:01pm
Is 20p a day per pair reasonable? I would say not really.... Only because it just isn't done. Anywhere. That would be 5,200per year, every year, per pair. Trading 5 pairs, 26,000p per year??? Reasonable?? Well, if so, why isn't it being done by reasonable traders? Even pros don't even get CLOSE to that!!

Amongst us traders that make a living on this, we can live quiet well on 150p a week. (not a DAY!).... And that for for ALL of our trades, not just one pair. Now THIS apprears to be quite reasonable. (5 pairs, net +30p per week per pair...) Our forward testing will give us an indication of what we can expect, and so far, we're not there yet... much less 20p per day per pair, every day.

Look, we don't need 26,000p per year. We don't need to turn $1k into a million $ in a year. If this system can generate 100+p per week, which it has a decent chance of doing, but not without some work and trade management on our part, then you have a GREAT system...

We don't need to sensationalize it with outrageous claims.. it appears to be good enough on it's own.
  • #278
  • Feb 29, 2008 2:24pm Feb 29, 2008 2:24pm
I'm not ignoring everyone, just heavy into concentrating on someting.

Will be with you a little later....
  • #279
  • Feb 29, 2008 4:35pm Feb 29, 2008 4:35pm
Good on you Neal for developing this system. I have a feeling that you will be improving on it as much as possible over the coming weeks.

I would still like to know the optimal pair(s) for trading your EA ? Clearly there are certain pairs that have a higher success rate than others, and it would be nice to ascertain just exactly what those pairs are.

Neal, is it possible that from now on you can upload updated versions of your EA so as we can trade "live" if we want to ? Some of us like the idea of risking a few dollars here and there.

Thanks.
  • #280
  • Mar 1, 2008 3:59am Mar 1, 2008 3:59am
Quoting vincent001
Good on you Neal for developing this system. I have a feeling that you will be improving on it as much as possible over the coming weeks.

I would still like to know the optimal pair(s) for trading your EA ? Clearly there are certain pairs that have a higher success rate than others, and it would be nice to ascertain just exactly what those pairs are.

Neal, is it possible that from now on you can upload updated versions of your EA so as we can trade "live" if we want to ? Some of us like the idea of risking a few dollars here and there.

Thanks.
you could always visit a casino if you want to risk a few bucks

just a joke don't take it too hard
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