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Weekly Open EA

  • #21
  • Jul 10, 2008 12:24am Jul 10, 2008 12:24am
Thanks Matt,

This is great work you are doing I have installed a copy of FXDD for your EA specifically so nothing will be trading there except your EA. So we will wait and see.

Account $3000, Leverage 1:100

Always

SmartKenya
  • #22
  • Jul 10, 2008 12:47am Jul 10, 2008 12:47am
Quoting Hanoverfiste
in the navigator window, the EA has no colour its just grey. some other ea's are yellow and blue..?
Not sure what you mean color? Most likely the foreground color of the chart and nothing more. You can check by right clicking the chart and choose properties. There you can change all the colors you like. As long as the face is smiling on the EA then you should be good to go.
  • #23
  • Jul 10, 2008 12:48am Jul 10, 2008 12:48am
Quoting SmartKenya
Thanks Matt,

This is great work you are doing I have installed a copy of FXDD for your EA specifically so nothing will be trading there except your EA. So we will wait and see.

Account $3000, Leverage 1:100

Always

SmartKenya
Thanks for joining us here. Glad to have you.
  • #24
  • Edited 4:33am Jul 10, 2008 1:50am | Edited 4:33am
mtaboneweb , thanks for shering your work,
I have placet the ea on my charts today set it up but it did place only a short order were Im shure it has to place short & long, under the ea property both long&short positions are enabled,,,,

do you have any idea wat is wrong here ???

thanks again,,

o k , not to bother , it took a bit of price movment probebly toch the last week closing price & placet the long order to ,,,
will do my best to test this interesting stretagy & comeup with resolts,,,,,
  • #25
  • Jul 10, 2008 2:44am Jul 10, 2008 2:44am
Okay,

I have a 5k account with 1:100 leverage

I have my first trigger ever on the GBP/JPY @ 212.03 for a BUY.

This is through Interbank FX.

Anyone else confirm that they got the same trade?

All the best,

Cheers,
  • #26
  • Jul 10, 2008 4:21am Jul 10, 2008 4:21am
This is the graph of strategy tester from the beginning of the year.
The profit is very small but the DD is only 0.60 %.
Maybe increase the lots ?
Attached Image (click to enlarge)
Click to Enlarge Name: TesterGraph.gif Size: 8 KB
  • #27
  • Jul 10, 2008 4:46am Jul 10, 2008 4:46am
Quoting madscalp
This is the graph of strategy tester from the beginning of the year.
The profit is very small but the DD is only 0.60 %.
Maybe increase the lots ?
I have verry little expiriance with EA's but it looks like tht this EA dosent close the trades on fridays , the orders go thru to next week until sl hit, so
beter check again your test,,,,,
I can be wrong,,,,,
  • #28
  • Jul 10, 2008 4:53am Jul 10, 2008 4:53am
Quoting madscalp
This is the graph of strategy tester from the beginning of the year.
The profit is very small but the DD is only 0.60 %.
Maybe increase the lots ?
Could u post the statement too?
  • #29
  • Jul 10, 2008 4:54am Jul 10, 2008 4:54am
EUR/USD triggered a BUY @ 1.5696

All seems to be working so far

Looking good,
  • #30
  • Jul 10, 2008 5:09am Jul 10, 2008 5:09am
Quoting Hanoverfiste
in the navigator window, the EA has no colour its just grey. some other ea's are yellow and blue..?

that means you only have the .ex4 file. Doesn't mean the EA won't work. It only means you can't edit the code.
  • #31
  • Jul 10, 2008 9:47am Jul 10, 2008 9:47am
Quoting madscalp
This is the graph of strategy tester from the beginning of the year.
The profit is very small but the DD is only 0.60 %.
Maybe increase the lots ?
I have tested this the way you just did and found the results weren't accurate. I ran it week by week and found that stops and take profits were not honored through the tester. In other words, if it went to 26 pips + but didn't exactly land on 25 then the trade might not be stopped with TP like it should and sometimes doubled back to hit the SL. In a live trade this would not have happened or at least it shouldn't. I don't put any stock into the strategy tester but thanks for running it anyways. I'm not trying to discourage anyone.
  • #32
  • Jul 10, 2008 9:49am Jul 10, 2008 9:49am
Quoting hunky
I have verry little expiriance with EA's but it looks like tht this EA dosent close the trades on fridays , the orders go thru to next week until sl hit, so
beter check again your test,,,,,
I can be wrong,,,,,
Yes I added this a bit late but it's all in the first post. Please check there always for any new additions. As long as I can edit that post I will keep it up to date.

Close trades manually on Friday before close and restart EA first thing on Sunday. Close orders whether positive or negative. Each weeks trades should be placed and decided by that weeks data.
  • #33
  • Jul 10, 2008 9:51am Jul 10, 2008 9:51am
Quoting Ronald Raygun
that means you only have the .ex4 file. Doesn't mean the EA won't work. It only means you can't edit the code.
That's true. I misunderstood about the color/area they were referring too.

By the way, thanks for joining us Ronald.
  • #34
  • Jul 10, 2008 10:05am Jul 10, 2008 10:05am
It's my pleasure mtaboneweb.

I have a couple questions:

Do you have any particular limit on stop and reverses? If say 4 sets of trades are stopped out what happend?

Let's assume that the trade has a strong buy-side, and the first 2 TPs are hit. Then the trade goes to the sell-side, stopping out the original direction. Do you reopen all three trades on the sell side?
  • #35
  • Edited 10:18am Jul 10, 2008 10:07am | Edited 10:18am
I noticed an issue this morning. I had short positions that should have hit the stop loss when the long orders got triggered some time last night. For whatever reason the Short orders don't have a SL set and investigation shows that the EA told it to do that. Needless to say it shouldn't have happened and I will work on it and repost the fix ASAP.

Current status should be:

short1: +25
short2: -50
short3: -50

Long1: +25
Long2: +50
Long3: 0 (break even)

Short4: +25
Short5: +50
Short6: 0 (break even)

Long4: +25
Long5: +50
Long6: 0 (break even)

Short7: -50 (should have been stopped out here)
Short8: -50 (should have been stopped out here)
Short9: -50 (should have been stopped out here)

Long7: 25
Long8: 50
Long9: currently around 50+ pips but stop loss is set to break even by EA


75 pips positive for the week locked in if it worked right and the open long trade is set to break even. If the last trade doesn't hit the SL at break even then it may be very profitable at the end of the week although I'd be happy if it just doesn't hit the SL again.

I will add this to the first post to help people understand my mind set.

The idea of this is to try and capture some smaller pips but help strengthen the last trade which may catch a trend and ride the week out. Ideally I would like to see the first 2 orders TP at 25 and 50 (75 total) and then close the last trade at the end of the week manually because it stayed positive and hopefully bagged a lot more pips. But the opposite orders are there to either recover pips or ride the change is the market swings the opposite way. Ultimately I'm trying to catch the trend for the week and ride it out.
Attached Image (click to enlarge)
Click to Enlarge Name: 2008-07-10 bug.gif Size: 61 KB
  • #36
  • Jul 10, 2008 10:12am Jul 10, 2008 10:12am
Quoting Ronald Raygun
It's my pleasure mtaboneweb.

I have a couple questions:

Do you have any particular limit on stop and reverses? If say 4 sets of trades are stopped out what happend?

Let's assume that the trade has a strong buy-side, and the first 2 TPs are hit. Then the trade goes to the sell-side, stopping out the original direction. Do you reopen all three trades on the sell side?

Check out my last post. I was typing while you asked the question but I will also update the 1st post for new people. There is no limit. The idea is to try and catch the trend and recover some lost pips if any along the way. That's why I don't go infinitely +/- from the previous close. At some point I want it to ride things until the end of the week.
  • #37
  • Jul 10, 2008 10:14am Jul 10, 2008 10:14am
Quoting mtaboneweb
Check out my last post. I was typing while you asked the question but I will also update the 1st post for new people. There is no limit. The idea is to try and catch the trend and recover some lost pips if any along the way. That's why I don't go infinitely +/- from the previous close. At some point I want it to ride things until the end of the week.

Ok, and I guess you open all three trades per side regardless of historic TPs?
  • #38
  • Jul 10, 2008 10:39am Jul 10, 2008 10:39am
Quoting mtaboneweb
Yes I added this a bit late but it's all in the first post. Please check there always for any new additions. As long as I can edit that post I will keep it up to date.

Close trades manually on Friday before close and restart EA first thing on Sunday. Close orders whether positive or negative. Each weeks trades should be placed and decided by that weeks data.
sorry I didnt get you,,
is the EA close trades by friday ?
shurly if it doesn't then you canot test it on the stretegy tester over time, only week by week ,,,
  • #39
  • Jul 10, 2008 10:43am Jul 10, 2008 10:43am
Quoting Ronald Raygun
Ok, and I guess you open all three trades per side regardless of historic TPs?
Correct.
  • #40
  • Jul 10, 2008 10:48am Jul 10, 2008 10:48am
Quoting hunky
sorry I didnt get you,,
is the EA close trades by friday ?
At this point the EA does not close the trades on Friday. Difficult to say if it will since brokers vary along with holidays and other things. May be possible to close them on Sunday if the EA still sees trades from the week before. I'll check into it. The EA should handle everything for you in the end and that's what I'm working on.

Quoting hunky
shurly if it doesn't then you canot test it on the stretegy tester over time, only week by week ,,,
I don't really support testing this EA in the strategy tester. I don't believe it's accurate enough to be helpful.
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