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Weekly Open EA

  • #41
  • Jul 10, 2008 2:00pm Jul 10, 2008 2:00pm
Quoting mtaboneweb
Here are 2 EAs for this system.

One for IBFX and another for FXDD. I made the FXDD because they have no Sunday bar and it was throwing off the calculation. So if your broker has a Sunday bar then use IBFX version and FXDD if they do not.

These should be run on Daily charts. I do not guarantee any results especially if you decide to change the default settings or run this in another time frame. EA looks back by bars so if not on Daily you will get the wrong price. Also at this point the EA will only run on demo accounts. I will release a live version if it pans out to be something. I will try to post weekly updates at least of the results.

Thank you in advance for any help I can get in testing this.
I have to admit I'm not an advocate of EA's, but this one has caught my attention.

I'll be testing it from next week and will post my results here.
  • #42
  • Jul 10, 2008 3:09pm Jul 10, 2008 3:09pm
Post # 2 has been updated with the fixed EA. As long as I can I will strive to keep Posts 1 & 2 up to date with the latest information.

I'm not sure if there will come a point when I'm not allowed to change my owns posts. Does anyone know for sure if this is the case?
  • #43
  • Jul 10, 2008 6:09pm Jul 10, 2008 6:09pm
OMG I'm not the only nutjob living in this state writing EA's!

Quoting mtaboneweb
Do you live in Arizona too?
  • #44
  • Jul 10, 2008 7:11pm Jul 10, 2008 7:11pm
Quoting nondisclosure00
OMG I'm not the only nutjob living in this state writing EA's!
Your profile says Scottsdale, welcome to the thread neighbor.
  • #45
  • Jul 10, 2008 7:37pm Jul 10, 2008 7:37pm
Thanks for the ea. It looks promising too but I have to wait until Sunday (argh), to test it. I'm excited to see how it does.
  • #46
  • Jul 10, 2008 9:42pm Jul 10, 2008 9:42pm
Quoting metal
Thanks for the ea. It looks promising too but I have to wait until Sunday (argh), to test it. I'm excited to see how it does.
Me too, thanks for coming.
  • #47
  • Jul 10, 2008 9:56pm Jul 10, 2008 9:56pm
let me get this straight then, on e/u righ tnow u r long at 5748, 1 and 2 hit TP, so ur SL is b/e at 5748. so the pending shorts should be at 5748 right now correct? cuz i started this mid week, cuz of when u posted and right now i have a pending short at 5698. which is 50 off, b/c it has gone those 50 pips in TP. so something is off!
  • #48
  • Jul 10, 2008 11:05pm Jul 10, 2008 11:05pm
Quoting samdruss44
let me get this straight then, on e/u righ tnow u r long at 5748, 1 and 2 hit TP, so ur SL is b/e at 5748. so the pending shorts should be at 5748 right now correct? cuz i started this mid week, cuz of when u posted and right now i have a pending short at 5698. which is 50 off, b/c it has gone those 50 pips in TP. so something is off!
I have posted an update to the EA and it dealt with SL troubles. I also do not recommend starting this EA mid week. You should start on Sunday open, run all week long, close trades on Friday afternoon before close, rinse and repeat.

The 2nd post will always contain the latest EA as long as I can continue to edit that post. I will add a post when it's updated to alert people but you will always find the latest in post #2.
  • #49
  • Jul 11, 2008 5:20am Jul 11, 2008 5:20am
Hello mtaboneweb,

I just want to thank you again for your work and wonderful contribution to this project and the other projects you are taking on here at FF. I will be testing this on Sunday and will report how it goes.

Thank You,
Jeff

Quoting mtaboneweb
I have posted an update to the EA and it dealt with SL troubles. I also do not recommend starting this EA mid week. You should start on Sunday open, run all week long, close trades on Friday afternoon before close, rinse and repeat.

The 2nd post will always contain the latest EA as long as I can continue to edit that post. I will add a post when it's updated to alert people but you will always find the latest in post #2.
  • #50
  • Jul 11, 2008 5:26am Jul 11, 2008 5:26am
Also, I am another nutjob from the Phoenix area. LOL

Jeff

Quoting nondisclosure00
OMG I'm not the only nutjob living in this state writing EA's!
  • #51
  • Jul 11, 2008 6:32pm Jul 11, 2008 6:32pm
hello again, When do you close these trades out? around 330 est on friday?i set this up on wednesday and Im +108!!
  • #52
  • Jul 11, 2008 11:57pm Jul 11, 2008 11:57pm
alright all, for the week with this system, it should have produced

225 pips e/u
50 pips g/u
80 pips u/c

now this is a little discretion, as far as the time you closed the trade, also for one pair it came within one pip of the new level, and kind of dropped and hung around so i used some discretion and played it as tho it hit, now that being said an ea wouldnt do that, so either way those pairs were all b/e at worst or in undeniable profit, e/u!! actually at second look it was u/c i was referring to here, and if not for discretion it would have been around -75 to -100 for the week.

this being said might have to be modified for g/u and u/c i did some modifying on u/j and here are my results!! i modified it to a movement of 30 on this pair not 50, everything the same, 1st tp at 15, second at 30, move s/l every 30 step along the way, same rules. this pair did 510 pips this week. which seems great to me because the pair played in a 150 pip range this week, until a nice break today!

again 510 pips on u/j this week modified! no idea what it would have been with the 50 level, but i will guarantee most likely not even half of this. does the ea have to be modified at all with these rules, cuz if so it might need to be done with the week on u/j! good week all
  • #53
  • Jul 12, 2008 12:06am Jul 12, 2008 12:06am
Quoting Hanoverfiste
hello again, When do you close these trades out? around 330 est on friday?i set this up on wednesday and Im +108!!
That's great...

Here are my results for the week (EUR/USD):

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: -83 (problem with EA / should have been -50 / fixed)
Short8: -83 (problem with EA / should have been -50 / fixed)
Short9: -83 (problem with EA / should have been -50 / fixed)

Long7: +25
Long8: +50
Long9: +143 (closed this manually shortly before Friday's close)

Total: +119 pips

This would have been +218 if the bug in the EA hadn't of cost me -99 pips in error.
  • #54
  • Jul 12, 2008 12:12am Jul 12, 2008 12:12am
Quoting samdruss44
alright all, for the week with this system, it should have produced

225 pips e/u
50 pips g/u
80 pips u/c

now this is a little discretion, as far as the time you closed the trade, also for one pair it came within one pip of the new level, and kind of dropped and hung around so i used some discretion and played it as tho it hit, now that being said an ea wouldnt do that, so either way those pairs were all b/e at worst or in undeniable profit, e/u!! actually at second look it was u/c i was referring to here, and if not for discretion it would have been around -75 to -100 for the week.

this being said might have to be modified for g/u and u/c i did some modifying on u/j and here are my results!! i modified it to a movement of 30 on this pair not 50, everything the same, 1st tp at 15, second at 30, move s/l every 30 step along the way, same rules. this pair did 510 pips this week. which seems great to me because the pair played in a 150 pip range this week, until a nice break today!

again 510 pips on u/j this week modified! no idea what it would have been with the 50 level, but i will guarantee most likely not even half of this. does the ea have to be modified at all with these rules, cuz if so it might need to be done with the week on u/j! good week all

That's amazing! This is why I started the thread because there are so many tweaks that could be tried but I think you nailed something on the USD/JPY.

Thanks for joining us and I look forward to your future results. Make sure you're using the latest EA from post 2 as it stands right now. Future updates may have to go on the 1st post since I can't seem to edit the 2nd.

Thanks again.
  • #55
  • Jul 12, 2008 5:25am Jul 12, 2008 5:25am
Im geting ready to set up for next week I download the new EA vertion,

1- do I need to do any adjustment on the orderStop Triger + orderTrail Amount for the 3rd order so the EA will folow your discription from post 1, or just live them on "0" as the defult ?

2- what is your reson for plascing sl at 55 & not 50 (be. the spred) ?

thanks,
  • #56
  • Jul 12, 2008 6:39pm Jul 12, 2008 6:39pm
Quoting hunky
Im geting ready to set up for next week I download the new EA vertion,

1- do I need to do any adjustment on the orderStop Triger + orderTrail Amount for the 3rd order so the EA will folow your discription from post 1, or just live them on "0" as the defult ?

2- what is your reson for plascing sl at 55 & not 50 (be. the spred) ?

thanks,
Everything in the EA is the default that I'm running.
  • #57
  • Jul 12, 2008 6:44pm Jul 12, 2008 6:44pm
I will be out of town on business from 7/13 through 7/18. I will try to respond as much as I can but will be limited to nights when I can. I will be running the EA on my Server only on the EUR/USD (IBFX and FXDD).

When I get back I'm planning an overhaul to the 1st post. It appears I can no longer edit post 2 which is what I was thinking but not sure. I have big plans for this thread and others I'm planning to start although right now I have very little time.

Keep in mind that during my paper trading this strategy there were losing weeks but over all it came out positive for a nice amount.
  • #58
  • Jul 13, 2008 4:05pm Jul 13, 2008 4:05pm
Wow MTA, four pages already! Well, I'll read through them tonight, and will place some trades tonight for the week. I'm going to try and learn your ideas and then apply them.. thanks for continuing a good weekly strategy and trying to improve it.
Disregard all prognostications.
  • #59
  • Jul 13, 2008 4:08pm Jul 13, 2008 4:08pm
just started this on week open, and it only has either a sell or a buy trigger for the pair not both, but we need both to start the week, so what is the problem here
  • #60
  • Jul 13, 2008 5:32pm Jul 13, 2008 5:32pm
Ok, I'm starting my tests for the EU this week. Just uploaded the EA and I'll be posting my results as well. I love the simplicity of this system. If we can effectively enter trends early and ride them out for the remainder of the week, I can see potential. I want to learn more about the system and find ways to limit the risk.

GL we'll see how this plays out.

Graham
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