Weekly Open EA | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EA open position on demo, but not open position on real account. Any Comment 7 replies

weekly open line indicator which starts on monday open 3 replies

EA to open trade on Next Candle open (help please) 4 replies

Help to edit day open line to week open line ! 11 replies

program: open a position when (close-open)==** 3 replies

Attachments: Weekly Open EA
Exit Attachments

Weekly Open EA

  • #61
  • Jul 13, 2008 5:50pm Jul 13, 2008 5:50pm
also should it be close of last week or open, with this huge gap that we just opened with it could cause problems, so im not sure about using the close, i mean normally the close and open are similar within 5 pips, but when it opens a week 20-35 pips away from that close, seems to me that the open would be a better price and if we deviate away from that price we have rellay started something for the week, i mean this big difference from end of friday til now, opening this week against the dollar can tell us more than last weeks close. just trying to get this straight.

becuz if we were to modify u/j to 30 pips, the open this week would have been far below 30 pips, so i dont know how the ea would handle this, would it recognize this and only look for a long, thinking it missed its short, and then if this did continue to go south, although it didnt right now, when would it get us in to catch this downtrend. some ideas to think about, i dont have experience with EA's, but seems to me like it would throw the week off from the begininng
  • #62
  • Jul 13, 2008 6:30pm Jul 13, 2008 6:30pm
Quoting samdruss44
also should it be close of last week or open, with this huge gap that we just opened with it could cause problems, so im not sure about using the close, i mean normally the close and open are similar within 5 pips, but when it opens a week 20-35 pips away from that close, seems to me that the open would be a better price and if we deviate away from that price we have rellay started something for the week, i mean this big difference from end of friday til now, opening this week against the dollar can tell us more than last weeks close. just trying to get this straight.

becuz if we were to modify u/j to 30 pips, the open this week would have been far below 30 pips, so i dont know how the ea would handle this, would it recognize this and only look for a long, thinking it missed its short, and then if this did continue to go south, although it didnt right now, when would it get us in to catch this downtrend. some ideas to think about, i dont have experience with EA's, but seems to me like it would throw the week off from the begininng
The open of the week might be a good idea. Do others here feel the same way? Through my paper trading past weeks I haven't really seen a big problem especially using 50 pip difference but I'm open to suggestions and I see where the problems could happen if it's too far off on the open.
  • #63
  • Jul 13, 2008 6:31pm Jul 13, 2008 6:31pm
Quoting Pidgeon
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.
Your welcome, thanks for joining us.
  • #64
  • Jul 13, 2008 6:33pm Jul 13, 2008 6:33pm
Quoting Graham
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

In my past paper trading it did very well. Thanks for coming.
  • #65
  • Jul 13, 2008 11:55pm Jul 13, 2008 11:55pm
well right now we would be +25 on u/c, +25 on g/u and +25 and +50 w/ s/l move to b/e on e/u. with the u/j (50) we would be in long, with u/j (30) we would have locked in +15 and +30 with s/l at b/e. so we would be up 165 pips right now, which looks nice, with last week close, we would be looking at no profit, couple open trades, maybe even down idk. but if u r riskin 1% per trade meanig 3% per pair cuz we have three trades per pair, we would be up 4% on the account, with half our trades riding with no risk. just something to think about


also right now i am currently long u/c and short e/u. on the short e/u i have my pending by at the s/l like it should be. but on the long u/c my pending short is at its original level still, which is 100 pips away from my current entry, and it should be at my s/l of the open long. what can we do about this in the ea?
  • #66
  • Edited 3:49am Jul 14, 2008 1:56am | Edited 3:49am
Hi guys
I placed the EA last night, thats what I find this morning,
look at the pfices my orders are at,,, LOL

did any one got the same ?

I have try it on another mt4 platform it does the same, must be a bug init,,,
Attached Image (click to enlarge)
Click to Enlarge Name: 2.GIF Size: 51 KB
  • #67
  • Jul 14, 2008 5:08pm Jul 14, 2008 5:08pm
You stated that the EA has to be disabled on Friday and turned back on on Sunday. What times? and why doesn't the EA just halt all trading at these times?

Quoting mtaboneweb
Here is the EA for this system.

This 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. The 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.

As long as I'm not blocked from doing so I will always keep the second post up to date with revision information and the latest version of the EA.

Currently supported brokers:

  1. Interbank FX
  2. FXDD

If you would like to see a broker added to this list please post which broker and whether or not they have a bar for Sunday or not. I will be more than happy to incorporate them for you.

Version 1.0b:

  1. Merged v1.0a versions together where the EA determines your broker and uses the right bar count.
  2. Fixed a bug related to closing and reopening the EA/MT4 where SL would be set to nothing.
  3. You will want to remove/delete the original EA as it contains bugs and the new EA will not overwrite it because the name is different. Any charts that had the old EA will need to be updated with the new one. From now on this should not be an issue as the name will not change anymore.

Thank you.

  • #68
  • Jul 14, 2008 7:55pm Jul 14, 2008 7:55pm
hello there, I turned the EA on sunday evening, and let it run.. I am presently at +136
the pairs ar ethe first 5 when you hit the currency list on IBFX
  • #69
  • Jul 14, 2008 7:57pm Jul 14, 2008 7:57pm
Hello,

Which broker are you using and what version of the ea are you using? If you do not mind sharing that info?

Thank You,
Jeff

Quoting Hanoverfiste
hello there, I turned the EA on sunday evening, and let it run.. I am presently at +136
  • #70
  • Jul 14, 2008 7:58pm Jul 14, 2008 7:58pm
I got the same results. I think the ea has a problem with some brokers. I am using Alpari to demo test the ea and I got the same issues as Hunky did.

Jeff

Quoting hunky
Hi guys
I placed the EA last night, thats what I find this morning,
look at the pfices my orders are at,,, LOL

did any one got the same ?

I have try it on another mt4 platform it does the same, must be a bug init,,,
  • #71
  • Jul 14, 2008 8:20pm Jul 14, 2008 8:20pm
Quoting nondisclosure00
You stated that the EA has to be disabled on Friday and turned back on on Sunday. What times? and why doesn't the EA just halt all trading at these times?
The next version will most likely do this for you but for now it doesn't.


Please refer to the 1st post for the latest revisions. I've updated it today since I can no longer edit the 2nd post.
  • #72
  • Jul 14, 2008 8:22pm Jul 14, 2008 8:22pm
Quoting azjeff
I got the same results. I think the ea has a problem with some brokers. I am using Alpari to demo test the ea and I got the same issues as Hunky did.

Jeff
Please refer to the 1st post. I've recently updated it to include the information from post 2 and it will be where I post updates to the EA and revision history.

Thanks.
  • #73
  • Jul 14, 2008 8:27pm Jul 14, 2008 8:27pm
Hello mtaboneweb,

I appreciate all the hard work you are doing on this thread and other threads. The ea posted on the 2nd message is the ea that I used. When you get time would you take a look at it? I know it maybe sometime before you do as you are away. No hurries.

Thank You,
Jeff

Quoting mtaboneweb
Please refer to the 1st post. I've recently updated it to include the information from post 2 and it will be where I post updates to the EA and revision history.

Thanks.
  • #74
  • Jul 14, 2008 8:36pm Jul 14, 2008 8:36pm
Quoting azjeff
Hello mtaboneweb,

I appreciate all the hard work you are doing on this thread and other threads. The ea posted on the 2nd message is the ea that I used. When you get time would you take a look at it? I know it maybe sometime before you do as you are away. No hurries.

Thank You,
Jeff
That one is the latest but I also placed it on the 1st post. I will be updating the 1st post from this point out.
  • #75
  • Jul 14, 2008 9:19pm Jul 14, 2008 9:19pm
Quoting azjeff
Hello mtaboneweb,

I appreciate all the hard work you are doing on this thread and other threads. The ea posted on the 2nd message is the ea that I used. When you get time would you take a look at it? I know it maybe sometime before you do as you are away. No hurries.

Thank You,
Jeff
i think you are right, i also used alpari demo and it came out same way, it hasent executed any trade since sunday evening

mtaboneweb, could you download an alpari demo and confirm this

thanks for the good work
  • #76
  • Jul 14, 2008 9:57pm Jul 14, 2008 9:57pm
mtaboneweb,

Can you version number the EA in the file name? This way we can all know when the latest version is.

Quoting mtaboneweb
That one is the latest but I also placed it on the 1st post. I will be updating the 1st post from this point out.
  • #77
  • Jul 14, 2008 9:58pm Jul 14, 2008 9:58pm
Well, if you're not sure how to code it, just let me know.

Quoting mtaboneweb
The next version will most likely do this for you but for now it doesn't.


Please refer to the 1st post for the latest revisions. I've updated it today since I can no longer edit the 2nd post.
  • #78
  • Jul 14, 2008 10:00pm Jul 14, 2008 10:00pm
this strategy is looking great, nice start on the week already
  • #79
  • Jul 14, 2008 10:05pm Jul 14, 2008 10:05pm
Quoting stanchuks
i think you are right, i also used alpari demo and it came out same way, it hasent executed any trade since sunday evening

mtaboneweb, could you download an alpari demo and confirm this

thanks for the good work
I'll check it out.
  • #80
  • Jul 14, 2008 10:07pm Jul 14, 2008 10:07pm
Quoting nondisclosure00
mtaboneweb,

Can you version number the EA in the file name? This way we can all know when the latest version is.
I would rather keep the file name the same this way people can update it very easily by just overwriting their existing EA. Also, it says the version on the chart comments when the EA is attached.
0 traders viewing now