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"The Pip Nailer". Any time frame, any pair

I have just found a bug!

Trade M5.
After closing the (win) position, the EA opens an other trade for the same bar...
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Sorry swingman noob mistake with MT thanks again for the tools I will test and provide u fedback
Hello friends,

I am somewhat confused... I have all the template files, mq4, ex4, etc. files and now I am confused as to what should I use for my demo/live trading.

Can someone please point me to the optimized file? Also I have many versions of Swingman's EAs and dashboards, etc. Could someone tell me which EA to test?

Thanks.
Quoting apume
Also I have many versions of Swingman's EAs and dashboards, etc. Could someone tell me which EA to test?
Sorry, but I work so...
Everytime take the last version.

You must begin with the EAtester in the Backtester, to find the right parameter settings. Take a small period with few signals, and check if they are OK.
On this way you become a sort of licence to use the EA_MTF for a pair, or the EA_MP_MTF.
But, for every step you must know how the EAs are functioning, and if the signals are OK!!!
Here is the result for the EA during Asia session today,i used the MultiPair EA.Seems to be working out fine.There's few pair and u can it for yrself that it took a same trade multiple times with just 1-2pips diiferent.

Good effort Swingman

and swingman...how could i increase my stop lost in the EA, is it in Maximum Risk slot??
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Quoting issey
...how could i increase my stop loss in the EA, is it in Maximum Risk slot??
- Maximum Risk is only for Lots. The formula is from the MT4 default EAs "MovingAverages".

I just have written:
Quote
You must begin with the EAtester in the Backtester, to find the right parameter settings. Take a small period with few signals, and check if they are OK.
You must LEARN to use the EAs what I writed only for the PipNailer System.
Try the parameter settings and see what the EA trades.
It is dangerous to start the MP_MTF or MTF versions without to know how they works.
Take also in consideration that I can not answer all questions, if I work in future time to other projects.
i can't wait to test the new EA....
" Good things come to those who wait " ( bon jovi 'santa Fe' )
That's good ?

Quoting issey
Here is the result for the EA during Asia session today,i used the MultiPair EA.Seems to be working out fine.There's few pair and u can it for yrself that it took a same trade multiple times with just 1-2pips diiferent.

Good effort Swingman

and swingman...how could i increase my stop lost in the EA, is it in Maximum Risk slot??
Quoting Lost_angles
i can't wait to test the new EA....
OK, enjoy!
BUT - first learn with the tester to set the right parameters.

You can put on the screen the DashBoard and the EA in the same chart. The signals and alerts in the DashBoard comes then in the same second together with the orders from the EA, and this is good so!

But, it gives situations when a signal in the DashBoard remain without an order from the EA. This is a bug, and I dont know why. Maybe can I found an explanation.
In the tests from yestarday I have the DashBoard and the EA in different charts, and maybe is better to have they in the same chart. Please test this.
Quoting SwingMan
...
You must begin with the EAtester in the Backtester, to find the right parameter settings. Take a small period with few signals, and check if they are OK.
...
Thanks, I am curious though to know what parameters are you using for good results? If it is something you could share, it would help me know on what lines to tweak the parameters.

Thanks!
Quoting apume
Thanks, I am curious though to know what parameters are you using for good results? If it is something you could share, it would help me know on what lines to tweak the parameters.
Sorry, but I posted in #556 (page #38) a few parameters and results. For other pairs must you make the same, learn to change the parameters and evaluate the results. All in all is the system stable.
I can not test my programs, becouse in the afternoon I programmed. This must you or other users do this time. I can make only in the next weeks other tests.
what i meant by good was the EA,well...it does work,not the pips though ...if u look at the multiple trade on my previous chart,it was the 5M n 15M trade call,mybe there's some bugs somewhere.That's why we need more testing on this EA...dont just jump in yr live trade.

now i remove the 5M n 15M trade...let see where it goes.So far i got 2 green n 1 red pips on 30M trade...will post the result later.


Quoting ShadyChars
That's good ?
Quoting SwingMan
PipNailer EA Multi Pair and Multi Time Frames

Two new tools for lazy traders as I...

PipNailer EA_MTF_v1 (EA MultiTimeFrames) is to put in the chart of the desired trading pair.
The EA trades for the time frames in the list: M5, M15, M30, H1, H4 and D1.

But, if you did not feel like to set many charts on the screen, you put the PipNailer MP_MTF_v1 (EA MultiPair and MultiTimeFrames) in any chart, and the EA trades for you 19 pairs on 6 time frames...

Warning: to set good (or optimal) trading parameters, you must make many, many tests and optimizations with te PipNailer EAtester!

The EAs are not yet ready, but you can check whether they are working properly, and what bugs appear.
Enjoy!
.
Swingman...this is quite an accomplishment! I've been following your work here and every chance I get share with others to go to this thread and check out your programming.I have Ea's programmed for various ideas and the programmers I use are all over the world and most are very good.What amazes me is your adaptness with MTF coding.I have a friend (a very good coder) attempting to code for a forum a strategy and the MTF part is most challenging to him.For you to combine 19pairs/6 time frames on one chart is mind bogling and I applaud you.
I've been trading for 20 years and in the last 3 years into automated trading.I'm not a coder but can get around to edit and Ea if need be.Other than Bluto,Rover and a few others that weave magic with code,you fit right in there with the cream.
For everyone following this thread,you are very blessed to have such a master helping out with his skills.Please nothing taken away from the other coders who have done an excellent job and to the creator...thank you!
FYI...in reviewing some initial results, I would choose to leave out aud/usd and it's cross pairs.At the best of times they are very difficult to optimize for profit.Just my personal observation in playing Ea's for so long.

David aka spiritfriends
Quoting spiritfriends
FYI...in reviewing some initial results, I would choose to leave out aud/usd and it's cross pairs.
Thank you my spiritual friend for your kind words!

Maybe are you right with the aud/usd pair, but only after we make tests with the StrategyTester, we can know this.
I have programmed the indicator DashBoardEquity to aproximate possible results, and this pair coud be well. I dont know.
.
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Yes Swingman,

I did see that aud/usd does well and in keeping an open mind that pair will be included in my testing.I have a forward test going,all pairs with BBFX/ODL.I was with IBFX for 2 years and paid the price and now you wouldn't see me give them another dime.I also will ST each pair as i see that certain Tf are more profitable than others and some are just terrible.
I'll let you know if I spot any bugs and send the journal/logs

David
I think what has been mentioned and brought forward in getting the alert in due time on the nailed candle is the challenge. I know it has to finish painting but if GOSS's assumptions based on testing are correct getting in early leads to a better w/l ratio. It still seems on the lower time frames there is alot of false positives. As FM states h1 and above seem to work better and I think this will hold true pertaining to the EA optimization. It would be interesting to see what GOSS comes back with. I think this is getting tuned in(the EA) but still having better luck getting in early before the alert on a visual nailed candle. Wouldn't it be something to have the EA be as close and accurate as one seeing with thier own eyes. Indicators always lag which affects the trigger in a a perfect world we would pull the trigger faster and enter the trade in as close as possible to the AO/AC and Psar lining up....
Swingman:I as well appreciate your magic with arrays and your logic. Anyone who has had to write code for a living can appreciate it. Thanks
New version: PipNailer EA_MP_MTF_V2

I think that I have corrected the two bugs from the version 1, but I only had 2-3 trade signals for checking

1. When a trade is started and closed on the same bar, now gives not an other trade for this bar.

2. Remain the problem with small limits for SL and TP, because this was the cause that some signals from the dashboard were not traded from the EA.
Now the program check the default Stop Levels, and the SL/TP are corrected if necessary.

The calculation of SL and TP is as example:
maxDiff Close1/HiLo1 = 5 Points
StopLevel = 10 Points (this value is visible in the Order window, if you give Limit orders manually.)
Setting Value = max(5, 10) = 10
- Long
SL = Ask - 10 - Spread
TP = Ask + 10
- Short
SL = Bid + 10 + Spread
TP = Bid -10;

(Who previously downloaded the file, please replace it!)
.
Attached File(s)
File Type: ex4 PipNailer EA_MP_MTF_v2.ex4   18 KB | 679 downloads
Thanks Swingman for version 2.

I've been watching the trades and I've noticed many times that the pair is in profit,sometimes 17-$19 then retreats and is closed at a loss.When I can I've applied a 15 pip trail but I won't be up all night watching.Does anyone have an opinion whether a trail on the lower TF like M5 and M15 would be benificial?I am also using ATR for SL and TP.ST shows a vast improvement on ROI.

David
Quoting spiritfriends
I've been watching the trades and I've noticed many times that the pair is in profit,sometimes 17-$19 then retreats and is closed at a loss.When I can I've applied a 15 pip trail but I won't be up all night watching.Does anyone have an opinion whether a trail on the lower TF like M5 and M15 would be benificial?I am also using ATR for SL and TP.ST shows a vast improvement on ROI.
At the time you can use the parabolic stop.

Here is a little problem: if the distance between price and stop loss is to small (< StopLevel), the program can not set a new SL, and remain the old SL. The solution where to exit per program (improvement 1).

Is also possible to set in a future version a trailing stop (improvement 2).
Quoting Pipsnagger
It still seems on the lower time frames there is alot of false positives. As FM states h1 and above seem to work better and I think this will hold true pertaining to the EA optimization.
Correct. If anyone has any ideas on how to improve the system for the lower timeframes, based upon testing and research, then it would be appreciated.
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