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PowerSM Semi-Martingale EA

  • #341
  • May 1, 2008 5:09pm May 1, 2008 5:09pm
Xaron,

Been sucessful playing your channel with the 4 majors + gbp/jpy in the 1hr TF starting at the London open. The size of the channel is my sl, tp is 4x's the sl and I've been closing when I have a 100 pip equity profit. This way I don't seem to go very deep into the progression and after closing all I start new progressions the next night at the beginning. It would be nice if you could add an equity close all feature at a certain price. I like Mer's PowerSM but love ur channel's. Playing several curriencies for a equity profit makes more sence to me than a possible bust of an account with a 24 loss sequence which does happen. Adding an emergency equity stop would probably help also. Thanks Mer for starting this thread it's sparked my interest.
  • #342
  • Edited 9:59pm May 1, 2008 6:42pm | Edited 9:59pm
Mer & Xaron
Thanks for all the hard work. I have read through the forum and am quite impressed with the results from both of your EA's. I have attempted to get both the PowerSM V5 and Sequencer v1.2 functioning to no avail. I have attached them to a chart, set both time entry and price entry to false and waited for over an hour. No trades have been initiated.

Any thoughts?

Thanks Again!

Figured it out. Enabled Expert Advisors in the options menu. DOH
  • #343
  • May 1, 2008 6:43pm May 1, 2008 6:43pm
Well, until then...... here you go! Just put this EA on a seperate chart, one that does not already have your PowerSM/Sequencer EA on it, (doesn't matter which currency....) and plug in your equity target.. and it will close ALL orders...

Don't know how the EA will act, though... maybe it will continue the sequence, or possibly start over?

test test test, I guess....
Attached File(s)
File Type: mq4 CloseAllAtEquityLevel.mq4   5 KB | 553 downloads
  • #344
  • Edited 10:04pm May 1, 2008 9:47pm | Edited 10:04pm
Thanks Mrkam I'm testing that one tonight, I will also be testing one that has a % of equity. Will keep u guys informed. I've had some strange things happening to these ea's because I've been attaching the scripts so what I've been doing is removing the ea's after the equity profit has hit and re-setting up the following night. The re-setting starts the sequence at the beginning. test, test, test.
Attached File(s)
File Type: mq4 AutoEquityManager 1.0.mq4   3 KB | 583 downloads
  • #345
  • May 2, 2008 1:23am May 2, 2008 1:23am
Thanks for all the good ideas and bug reports. I'll work on it.

Regards - Xaron
  • #346
  • May 2, 2008 1:53am May 2, 2008 1:53am
Hi Xaron:
What are the differences in function between the two EA´s?
Thanks.
  • #347
  • May 2, 2008 2:16am May 2, 2008 2:16am
There is no real difference. The only difference is that I've included the source code. The other thing is the breakout channel I've added.

Regards - Xaron
  • #348
  • May 2, 2008 10:30am May 2, 2008 10:30am
Quoting qz10cq
Xaron,

Been sucessful playing your channel with the 4 majors + gbp/jpy in the 1hr TF starting at the London open. The size of the channel is my sl, tp is 4x's the sl and I've been closing when I have a 100 pip equity profit. This way I don't seem to go very deep into the progression and after closing all I start new progressions the next night at the beginning. It would be nice if you could add an equity close all feature at a certain price. I like Mer's PowerSM but love ur channel's. Playing several curriencies for a equity profit makes more sence to me than a possible bust of an account with a 24 loss sequence which does happen. Adding an emergency equity stop would probably help also. Thanks Mer for starting this thread it's sparked my interest.
Are you dividing your lot size by 4 to be able to stretch your margin to trade the 4 pairs and have you ever gone from one london session to the next without the equity EA closing you out? It seems really cool what you are doing but the only concern that comes to mind is the increased margin consumption with trading several pairs at the same time and I just wanted to know how you handle that. thanks!
  • #349
  • May 2, 2008 10:31pm May 2, 2008 10:31pm
Hi Xaron and members, Just want to share one of martingle concept which I got. Your EA look like this one but only different at lot during entry buy/sell position and rule. Please look at the concept attached. I try to create this EA but not familiar with meta4. Hopefully someone can help me to create it and share here. Target is to get 40pips daily after one cycle complete. May be the best setting is 40 profit, step 40 and SL 60 for any pair. Also if using this concept, I think we can gain constant and profitable pip with small margin.
Attached File(s)
File Type: doc Hedging Lot Strategy.doc   172 KB | 1,024 downloads
  • #350
  • Edited 11:36pm May 2, 2008 10:53pm | Edited 11:36pm
Quoting Chartist
Are you dividing your lot size by 4 to be able to stretch your margin to trade the 4 pairs and have you ever gone from one london session to the next without the equity EA closing you out? It seems really cool what you are doing but the only concern that comes to mind is the increased margin consumption with trading several pairs at the same time and I just wanted to know how you handle that. thanks!
Alex, created my own lucky 7 consisting of .1, .125, .156, .195, .244, .305, .381 total of -1.506 if losing the progression. Margin hasn't been a concern so far on a 3000 demo, TP hasn't been reached on any of the 4 majors + gbp/jpy, DD has been less than 10%. This is the first time (in 2 weeks of playing this twisted combo of the 2 systems) that equity profit has not been reached. As market closed today gbp/jpy is the only one in trouble of losing and I'm in the 5th trade with it, the rest are at 1 and 2 with my equity target -130, I knew I should not have trade today (first Friday) but I'm testing. My break even setting which is half of my SL killed me today, it kept moving the channels on me. Just reviewed my charts and found out the thing that did not work was my script to close when equity was hit. Equity was hit just after the big news. Sunday will be playing 0 break even and adding a different script for equity take profit. This is the first time that I went past the London session, usually I wake up and close manually with my 100+ equity target reached, maybe I will have to get serious and spend the time watching the screen to close all at the correct time.

Trying this one on Sunday.
Attached File(s)
File Type: mq4 CloseAtEquityAmount v1.0.mq4   3 KB | 589 downloads
  • #351
  • May 3, 2008 8:06am May 3, 2008 8:06am
Guys,

has anyone tried the E.A. on a live account? For me it works fine on demo but on my real micro account is where it starts to play up, I think its the slippage thats causing the problems and the E.A. cant open the orders fast enough. Would be interested to know if anyone else has tried on live acc,

Cheers

Alex
  • #352
  • May 3, 2008 10:00am May 3, 2008 10:00am
Hi Alex,

I have been using it for a week or so on a live micro account... has worked just fine, with a few "hiccups"....

1. Sometimes, it just does not "energize" after being turned off. So, I have remove the EA and re-apply it, then it goes to "waiting for OCO trade"...

2. Friday, it took the first trade on my OCO breakout, hit a loss, then had a error 136 on the second trade, followed by (10) error 129's, so it never took the 2nd trade, then shut down.... (using a 7 trade progression, limited loss...). Was a good thing because it looked as if it would have run the whole progression!! Usually, I don't trade this on friday, because often the EU is quiet... but anyway, that was sort of an odd string of errors, but I think probably it was on the broker side (FXDD).. I will call them on Monday to see what they say...

Other than that, it has worked just fine!!
  • #353
  • May 3, 2008 10:46am May 3, 2008 10:46am
Thanks mrkam,

maybe ill take a look over the settings again. But the last couple of times I was about halfway through a progression of 7 when it has suddenly stopped taking the trades, on both times they went on to bo the winner! Luckily it is only a micro account.

But this is the reason that I thought having the next progression level already set as a pending order would mean as soon as the current one is exited the pending one would open unless there was slippage at the brokers end.

This does seem like a good system, just hope I can get it sorted!

Cheers mate

Alex
  • #354
  • May 3, 2008 3:45pm May 3, 2008 3:45pm
Quoting learn2gain
Hi Xaron and members, Just want to share one of martingle concept which I got. Your EA look like this one but only different at lot during entry buy/sell position and rule. Please look at the concept attached. I try to create this EA but not familiar with meta4. Hopefully someone can help me to create it and share here. Target is to get 40pips daily after one cycle complete. May be the best setting is 40 profit, step 40 and SL 60 for any pair. Also if using this concept, I think we can gain constant and profitable pip with small margin.
I already have the EA, it works alright, but needs some tweaking because it only trade once per day ....
  • #355
  • May 4, 2008 7:25am May 4, 2008 7:25am
Quoting Schminner
I already have the EA, it works alright, but needs some tweaking because it only trade once per day ....
Hi, Schminner. If u don't mind can you share the EA here or please email to me at [email protected]. Really appreciate your support. Tq Later I will tweak it and if you have the best experience using this EA, please inform us the any tips.

regards
  • #356
  • May 5, 2008 3:46am May 5, 2008 3:46am
Hi,

it would be nice if you could attach your log files from the EA to your posts if there were any errors.

You find these logs in the folder /experts/logs/

Regards - Xaron
  • #357
  • May 5, 2008 3:50am May 5, 2008 3:50am
Hi xaron,

Im just wondering whether my problems were because im running the E.A. via a VPS. Im gonna try it direct from my computer and see what happens.

Cheers

Alex
  • #358
  • May 5, 2008 3:55am May 5, 2008 3:55am
Hi Alex,

I run my EA on a VPS as well...

I'll write down all problem which have been occured here and will work on a solution this week. But log files would make it easier for me.

Regards - Xaron
  • #359
  • May 5, 2008 4:17am May 5, 2008 4:17am
Xaron,

I think this is it, I can see from them that its trying to open the trade but cant for some reason. (i had to copy it into word as it wouldnt let me upload it in the original form) Hope this helps,

Thanks Again for this

Alex
Attached File(s)
File Type: doc log 1.doc   59 KB | 805 downloads
File Type: doc log 2.doc   38 KB | 658 downloads
  • #360
  • May 5, 2008 11:05am May 5, 2008 11:05am
Hello,

first I want to thank mer and xaron for there good work
and for the helpful statements.

Xaron: I miss your daily statements about your results
with the combination of phil nell's 5min-system and the
lucky seven. Does it still producing such good results like
in the beginning of your tests?

(Please excuse my bad english)

Regards, Erik
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