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  • #861
  • Mar 19, 2008 5:28pm Mar 19, 2008 5:28pm
Quoting weetikveel
I'm not talking about exact TP, wether it's 20, 50, 231, or whatever.
I know 20 seems to be the best after testing/optimizing.
The only thing I mean is, it is a waste of money/profit to close a trade, and reopen it (this happens).
So why wouldn't you set the SL at +20 pips after reaching it.
this way you don't have to open a new trade which means you save yourself about 8 pips (spread)
yes i see what you mean, I don't remember but TC explained that in a previous post... TC ?
  • #862
  • Mar 19, 2008 5:53pm Mar 19, 2008 5:53pm
Quoting Alex84
yes i see what you mean, I don't remember but TC explained that in a previous post... TC ?
The strategy is to disable the EA and let the price run and close manually at the appropriate time or re-enable the EA. If you can be in front of the computer that is....
  • #863
  • Mar 19, 2008 6:05pm Mar 19, 2008 6:05pm
Hi,
I have no problem with other EAs before, all worked fine but I disabled them so that this EA can take fully charge but no trade happen since 6 hours ago. I used V17 with the setting from the zip file (V16), TF M30; Pair EU, UF, GU, UJ, GJ & EJ. Something wrong?
QUITTERS never WIN! WINNERS never QUIT!
  • #864
  • Mar 19, 2008 6:05pm Mar 19, 2008 6:05pm
Quoting Alex84
I think there s to many losses. Something is wrong i guess. As TC said we should see around 70% wins and 30% loss. it looks 50-50 here...who's your broker ? You should try to open an acct at IBFX and one at your broker then compare results of each...first step to compare
My broker is Alpari UK and it is known as very reliable. In fact in two days I didn’t have a single long wining position and a lot of profitable SELL position. I think something definitely wrong in my setup but I am using M5 original set. Any suggestions guys? Thanks.
  • #865
  • Mar 19, 2008 6:09pm Mar 19, 2008 6:09pm
Quoting peepips
Hi,
I have no problem with other EAs before, all worked fine but I disabled them so that this EA can take fully charge but no trade happen since 6 hours ago. I used V17 with the setting from the zip file (V16), TF M30; Pair EU, UF, GU, UJ, GJ & EJ. Something wrong?
Did you try to change it to M5? Originally it was created by TC for M5 TF and for GJ.
  • #866
  • Mar 19, 2008 6:13pm Mar 19, 2008 6:13pm
Quoting kramlon
My broker is Alpari UK and it is known as very reliable. In fact in two days I didn’t have a single long wining position and a lot of profitable SELL position. I think something definitely wrong in my setup but I am using M5 original set. Any suggestions guys? Thanks.
What is the deposit balance of the account ?
what is the minimum trade ? 0.01 or 0.1 ?
I had to modify settings so my platform MIG agrees this EA...
  • #867
  • Mar 19, 2008 6:35pm Mar 19, 2008 6:35pm
Quoting Alex84
What is the deposit balance of the account ?
what is the minimum trade ? 0.01 or 0.1 ?
I had to modify settings so my platform MIG agrees this EA...
The minimum lot=0.01 Balance is over $2000
  • #868
  • Edited 7:20pm Mar 19, 2008 7:08pm | Edited 7:20pm
Quoting peepips
Hi,
I have no problem with other EAs before, all worked fine but I disabled them so that this EA can take fully charge but no trade happen since 6 hours ago. I used V17 with the setting from the zip file (V16), TF M30; Pair EU, UF, GU, UJ, GJ & EJ. Something wrong?
Use 5min and download the V16.zip, inside are 4 .set files, use the one called M5 original.set and it will take off....

I used the default on a demo and it hasn't traded yet today.... the original.set has been busy all day.
  • #869
  • Mar 19, 2008 7:50pm Mar 19, 2008 7:50pm
well i woke up to profit again

im getting me some coffe before i answere the questions
  • #870
  • Mar 19, 2008 7:53pm Mar 19, 2008 7:53pm
theyl trade the same
using m5 set file on v17 is same as v 9.1

iml edit the first post in a bit to explain how the ea trades

Quoting traderjon
i work most of the day, and 9.1 so far have my confidence is letting it do its thing all day without intervention beside checking on it every 8-10 hours. I was wondering will v17 allow that? a few post back you talked about using the scripts to enter more trade in for high profitability. what is your thought on me leaving the EA to do whatever it was and monitor it occassionally?

i'm definitely in to donate profit, its only fair that we show appreciation for your hard work.

another question is which system is the EA trading? is it just getting signal via PSAR?

Thanks,
Jonathon
  • #871
  • Mar 19, 2008 7:57pm Mar 19, 2008 7:57pm
h1 default

i choose not to use the martingale even though it tested the best
the reason is because i dont know hoe it will do with switching to m5 settings

and i dont know that martingale will do good with small accounts

if you never wanna touch a thing and are satisfied with 30% a yr
and have atleast 10k or so
martingale is the good setting

Quoting Alex84
wich one ?
H1 normal or h1 martingale ?
Better to use H1 martingale right ?
  • #872
  • Mar 19, 2008 7:58pm Mar 19, 2008 7:58pm
this martingale isnt hard core like others
it woulda hedged in that situation and came out on top

Quoting matrixebiz
Hey TC, I haven't been around for a bit. What did I miss I read a few posts back that the EA is done Can you update the first post with the EA, set files and instructions. Any reason why anyone would use martingale look at EUR/GBP, this currency screwed my first live account, started trending up Jan 2007 and hasn't come back down. Screwed all martingale systems
Thanks man
  • #873
  • Mar 19, 2008 8:01pm Mar 19, 2008 8:01pm
if you right click the smiley face on the chart
the ea properties pop up
theres a load and save button
click load n browse to the set file

by default mt4 looks in experts/ presets
directory

Quoting roroe
Hi TC,


Thank You, thank you, I love this, I can walk away or go to sleep and return to find a profit, NICE!

Don't mean to be a pain, I'm new to this whole EA application, I think I have everything installed, can't figure out how to apply the 5m setfile. If the answer is already in the thread I apologise, I'm reading the thread it's just hard keeping up with the posts are coming fast and furious.

Thanks

Roroe
  • #874
  • Mar 19, 2008 8:03pm Mar 19, 2008 8:03pm
the ea won
u made money
but ur broker calculates lots diferent
and the ea had to work hard to hit the targets
very very risky on your broker
resulting in alot of trades and dd
you could get wiped out there
try setting mm_calculation to 5000

and please use on a demo until u know its right
unless you can afford to lose that money

Quoting kramlon
Hi TC! Please see my attached statement for today. EA started the day with long positions but unfortunately every single was closed with lost. Some of them were opened and closed within a minute. After that only SELL positions were opened and most of them closed with profited. Do you have the same results?
Thanks.
  • #875
  • Mar 19, 2008 8:05pm Mar 19, 2008 8:05pm
thanks alex
i do get alot of repeated questions, please feel free to answere

Quoting Alex84
I think TC is having a lot of questions now, I guess he won't manage to answer all, take time guys to read all the posts (it won't be so long), it should answer to most of your questions, and as TC said earlier it will help to understand how the EA works...which will be very usefull to modify settings to suit to your broker...
Anyway i'll try to answer some questions I can...even if my knowledge is far far from TC'S
  • #876
  • Mar 19, 2008 8:11pm Mar 19, 2008 8:11pm
we wouldnt wanna close the losers until the account is positive
you never know where price is going

every attemp iv made to use breakeven os sl fails

if you set a target to lose
it will get hit

thats the thing about stop loss
its name fits

far as letting the profits run longer and save spreads
that does give much more profits

i do that manually when im here

i simply disable the ea when the profits are running, when im ready to close i enable it

when the trades close the ea is done
but to not miss the good moves the ea opens 1 new trade immediatly

youl have to do it manually



Quoting weetikveel
Thanks man!
Just a suggestion:

-After monitoring visual backtest it seems that after a trend reversal at the 30M TF, the opened trades in the 'wrong direction' should/could be closed earlier. This should give you an extra profit i think.
(I hope you understand my bad english)

-Trades are opened and closed very fast behind eachother.
Maybe it would be better to lock in profit at 20 pips. Since reopening a trade will cost you the spread (8 pips on GY) every time.

Besides these suggestions, thank you for your devotion to your project.
It's really great to have hands on such a nice EA.

Regarding
  • #877
  • Mar 19, 2008 8:15pm Mar 19, 2008 8:15pm
you need to also set dis_mm_if_lots_under

i never updated the scripts like i did the ea

il do that later

Quoting Alex84
Hey TC something s wrong ...
The scripts Buy and Sell I downloaded don't run on the MIG acct even when I switch lots to 0.1 instead of 0.01. Should I modify anything else in the scripts ? thanks
  • #878
  • Mar 19, 2008 8:16pm Mar 19, 2008 8:16pm
i didnt mean 70-30% of the number of trades

but p/l


Quoting Alex84
I think there s to many losses. Something is wrong i guess. As TC said we should see around 70% wins and 30% loss. it looks 50-50 here...who's your broker ? You should try to open an acct at IBFX and one at your broker then compare results of each...first step to compare
  • #879
  • Mar 19, 2008 8:18pm Mar 19, 2008 8:18pm
more like 100
u musta missed the post where i corrected my self

it was 20 pips cause my acc is under balanced

with proper balance it takes about 100 pips for a single trade to hit target

Quoting Alex84
the wins are around 20 pips...
  • #880
  • Mar 19, 2008 8:22pm Mar 19, 2008 8:22pm
you need to apply the m5 setfile

by default the ea is trading the h1 settings which showed safe in tester
it only has 1-2 trades a week
might also be a broker issue with the lots
set risk to 0
and set the lots n see if it trades then
if so it was a lot size issue

Quoting peepips
Hi,
I have no problem with other EAs before, all worked fine but I disabled them so that this EA can take fully charge but no trade happen since 6 hours ago. I used V17 with the setting from the zip file (V16), TF M30; Pair EU, UF, GU, UJ, GJ & EJ. Something wrong?
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