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Simplicity is the Key

  • #2,621
  • Apr 21, 2008 3:14pm Apr 21, 2008 3:14pm
Thanks for that information, Trader101.

I was wondering why no trades had been taken in the last five hours since I started using the Ultimate EA. I wonder what the first one will be. Once it starts I assume that a bunch will follow, especially in trading the US dollar or the Yen.

In the meantime, I will enjoy looking at the smiley face, knowing that everything is OK!
  • #2,622
  • Apr 21, 2008 3:22pm Apr 21, 2008 3:22pm
Quoting trader101
thanks to Afxtrader, malarraz & MPP for demoing it in different brokers. Just for clarification. When Ultimate is just installed for the first time. It may take a little while for it to trade. Because it will wait for the reverse trend to trade. It will not ride with the existing trend when it opened. Reason why i did this is because we dont know if the extg trend is already ending and then we just come in to loss. better we start at the beginning of the trend. This was the problem highlighted by MPP with our last week EA, that we made a losses at the beginning of the week. Hope this clears some anxiousness that the EA is not working. As long as the smiley face is there and you see the ULTIMATE title it is working.
are you just letting these run and close according to the EA settings?
Don't chase the market, Let the market come to you
  • #2,623
  • Apr 21, 2008 3:23pm Apr 21, 2008 3:23pm
Quoting Tmac
are you just letting these run and close according to the EA settings?
Yes...Set and forget system..
  • #2,624
  • Apr 21, 2008 3:32pm Apr 21, 2008 3:32pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting trader101
Yes...Set and forget system..
the only trouble with a set and forget system is.....

when the wife finds out i'm not working for a living she'll wonna go shopping more often!!!!!!!!!!!!!!!!!!!!!

so even if T101 gets this one right, he'll have to keep us busy on something else.
  • #2,625
  • Apr 21, 2008 3:33pm Apr 21, 2008 3:33pm
Some trader are turn-off upon seeing the 300 SL. Again this 300 is to protect your account for the any spurious spike that your broker may initiate. It will never be hit. because the EA will close your trade at a certain losing point much lesser than the 300 SL. If you look at the statement i attached last week never did the closing come close to even -150 pips. if -300SL is hit something far greater than 9-11 happend in New York, perhaps an earthquake of intensity 7 and Empire State collapse. Hope you get the picture.
  • #2,626
  • Apr 21, 2008 3:42pm Apr 21, 2008 3:42pm
UPDATE
PIPs Collected so far:
Ultimate: NF =361 , IBF = 440
Delight : NF = 280 , IBF = 438
Im almost at my goal already .. Expectation is 500-600
  • #2,627
  • Apr 21, 2008 3:43pm Apr 21, 2008 3:43pm
First of all thanks for an excellent thread.

I've never used an EA before today and I was wondering if the time frames matter? I started the ultimate one this morning and it's put in two trades thus far, I'm using Alpari demo acount.
  • #2,628
  • Apr 21, 2008 3:46pm Apr 21, 2008 3:46pm
Quoting MPP
the only trouble with a set and forget system is.....

when the wife finds out i'm not working for a living she'll wonna go shopping more often!!!!!!!!!!!!!!!!!!!!!

so even if T101 gets this one right, he'll have to keep us busy on something else.
My problem too...Jason..... LOL
  • #2,629
  • Apr 21, 2008 3:52pm Apr 21, 2008 3:52pm
Quoting Mantorp
First of all thanks for an excellent thread.

I've never used an EA before today and I was wondering if the time frames matter? I started the ultimate one this morning and it's put in two trades thus far, I'm using Alpari demo acount.
Yes it does.. It is coded in...iCustom(NULL , 0.... the zero means the chart time frame. if the code say zero it will used that chart. Since our chart is 1 hr zero was used. So if your Chart is 4 hours then the mistake will happend. But i know this could happend. To avoid it i coded 60 ( for 60 min) not 0 (default time). Again this should be avoided because if the coder has no trading experience then this mistake will happend. In our case, you go scott-free just a warning, never do that again. Are you in the positive already or not???
  • #2,630
  • Apr 21, 2008 3:53pm Apr 21, 2008 3:53pm
Trader101 - your goal is 500-600 pips - is that per day?
  • #2,631
  • Apr 21, 2008 3:55pm Apr 21, 2008 3:55pm
Quoting hansel
Trader101 - your goal is 500-600 pips - is that per day?
Thats for the week for one EA. Not to taxed ourself to much
  • #2,632
  • Apr 21, 2008 3:58pm Apr 21, 2008 3:58pm
Quoting trader101
Yes it does.. It is coded in...iCustom(NULL , 0.... the zero means the chart time frame. if the code say zero it will used that chart. Since our chart is 1 hr zero was used. So if your Chart is 4 hours then the mistake will happend. But i know this could happend. To avoid it i coded 60 ( for 60 min) not 0 (default time). Again this should be avoided because if the coder has no trading experience then this mistake will happend. In our case, you go scott-free just a warning, never do that again. Are you in the positive already or not???
I had them set on the hourly charts already, but good move to code it in.

The two trades I got so far are short usd/jpy and long aud/usd, slightly - on the first and a little more + on the other for a net positive. Looking forward to seeing what it will do next
  • #2,633
  • Apr 21, 2008 4:01pm Apr 21, 2008 4:01pm
My S-UJ is +27 ..B-AU is +1
  • #2,634
  • Apr 21, 2008 4:12pm Apr 21, 2008 4:12pm
Very important...
If you are running the EA while you are sleeping.. (I learn this from this forum) Knowing that your computer will never stops. Because if it stops then your trades are in danger with no EA to protect them. This MS is notorious in giving updates to your computer and then if you dont respond it automatically updates your system and then will wait for you to click start.. ehh you are sleeping.. that time your trade is vulnerable..no EA protection.

To combat this .. go to control panel ... Automatic Updates ...then put to Notify me dont autmatically or installed ... That will be your options. So it will not disturb your computer while you are sleeping. Hope this helps
  • #2,635
  • Edited 4:37pm Apr 21, 2008 4:21pm | Edited 4:37pm
Here are the first day results:

EAs effected on 20th 6 pm EDT. Ult, Del & Bas run deparately on 3 FXDD demo accounts, 1:200, $10,000 starting Balance each.

15 pairs: GU, GJ, UJ, AJ, EJ, EU, Uchf, UC, EC, EG, CJ, AU, NU, Echf, Gchf. Hourly charts.

As at 5pm EDT 21st:
Ult: Balance $10,848, Equity $10,820 Margin $978
Del: 10,788 10,787 978
Bas: 9,963 9,867 296

Cheers, RS
  • #2,636
  • Apr 21, 2008 4:39pm Apr 21, 2008 4:39pm
Quoting RisingSun
Here are the first day results:

EAs effected on 20th 6 pm EDT. Ult, Del & Bas run deparately on 3 FXDD demo accounts, 1:200, $10,000 starting Balance each.

15 pairs: GU, GJ, UJ, AJ, EJ, EU, Uchf, UC, EC, EG, CJ, AU, NU, Echf, Gchf. Hourly charts.

As at 5pm EDT 21st:
Ult: Balance $10,848, Equity $10,820 Margin $978
Del: 10,788 10,787 978
Bas: 9,963 9,867 296

Cherrs, RS
Does this mean the "Traders Best" is not doing good at the moment?? I wonder. Just keep it open --Akira im very positive that it will pull you over before Friday.
  • #2,637
  • Apr 21, 2008 4:44pm Apr 21, 2008 4:44pm
Quoting trader101
Does this mean the "Traders Best" is not doing good at the moment?? I wonder. Just keep it open --Akira im very positive that it will pull you over before Friday.
You are right ... rechecked the settings but it's OK. Let's see how it goes ...

Akira

PS: IBFX mini account carries "m" after the pair name (GBPUSDm, etc.). What bearing does this have when running EAs on IBFX MT4 platform?
  • #2,638
  • Apr 21, 2008 4:46pm Apr 21, 2008 4:46pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Mig demo up and running
$5000
1:100
14 pairs - GBPAUD is the aditional pair

just went online so no trades yet.

MT4 demo, closed out 2 trade 1win 1lose, 3 others open at this time.
  • #2,639
  • Apr 21, 2008 4:53pm Apr 21, 2008 4:53pm
Quoting RisingSun
You are right ... rechecked the settings but it's OK. Let's see how it goes ...

Akira

PS: IBFX mini account carries "m" after the pair name (GBPUSDm, etc.). What bearing does this have when running EAs on IBFX MT4 platform?
I think that is for live account. Anyways our code avoided that problem .. no effect. Will still work
  • #2,640
  • Apr 21, 2008 4:58pm Apr 21, 2008 4:58pm
I'm surprised to see that you made already so many pips.
Attached is an image giving the results for Alpari-Ultimate. Delight has the same results. The results for MIG a much less but maybe because I started about an hour later.

The pairs:
USDCHF, USDJPY, GBPUSD, AUDUSD, EURUSD, USDCAD, EURGBP, EURCHF, EURJPY, GBPJPY, GBPCHF, NZDUSD, AUDJPY, CHFJPY.

RecLog is set to "true". The time is EST+6h

Best

Antomi
Attached Image (click to enlarge)
Click to Enlarge Name: Alpari-Ultimate.jpg Size: 129 KB
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