Hi again Dreamliner,
First of all thanks for Sharing with us the nice system.I have started to forward test it on live micro account.I am ok with drawdown ,but wanted to know how i can reduce the drawdown ?You mentioned earlier that you were working on something to reduce the drawdown.Could you please share with us ?
Thankyou again for giving us a wonderful system
Bhupinder
Hey Zen, great work on the EA! The ver 1 has made over 10 percent on my demo, how ever it is refusing to work on IBFX mini accounts, i see no messages such as "Ea is working/Ea is sleeping"
Also the the experts tab says "2008.07.23 19:27:03 Super_Carry_Trade_ver1 GBPJPYm,H1: zero divide"
Is this something to do with ibfx having a 'm' after the trade symbol? Such as GBPJPYm?
Ignored
The EA refused to work further because it encountered a divide by zero when calculating the average price.
Zen/ some buy orders has no TP as well, u need to check the LowestPrice against the current price as well to see if the lowest price is higher or lower than the current price
with an if filter:
if (PositionSizeTotal>0)
{
AveragePrice = AveragePrice / PositionSizeTotal;
NormalizeDouble( AveragePrice, Digits);
CurrentAveragePrice = AveragePrice;
}
The EA refused to work further because it encountered a divide by zero when calculating the average price.
Zen/ some buy orders has no TP as well, u need to check the LowestPrice against the current price as well to see if the lowest price is higher or lower than the current price
Hello,
I have been reading and following this thread, also been trying to test this EA except with FXDD I am getting invalid trade volume. Would soemeone please correct the code and repost the EA.
I am running EA on FXDD demo. When it opens trades it puts take profit on first order. My understanding was that first order stayed open with no TP. Did I miss something or set up EA wrong??
I am running EA on FXDD demo. When it opens trades it puts take profit on first order. My understanding was that first order stayed open with no TP. Did I miss something or set up EA wrong??
Thanks
Mombone
Ignored
The first order does indeed take profit; there is no reason for it to stay open. As long as the market is moving up we take profit, increase our balance, and compound.
It is only when the market sinks that we put an order in with no take profit, which has the benefit of lowering the "average price" (blue line in Oanda) so that when the retracement comes we can exit lower, at a profit.
The first order does indeed take profit; there is no reason for it to stay open. As long as the market is moving up we take profit, increase our balance, and compound.
It is only when the market sinks that we put an order in with no take profit, which has the benefit of lowering the "average price" (blue line in Oanda) so that when the retracement comes we can exit lower, at a profit.
This is all real easy to see on Oanda.
Ignored
So that is where the new ladder would begin after what ever drawdown we choose?? By the way how's life at COA?
So that is where the new ladder would begin after what ever drawdown we choose?? By the way how's life at COA?
Thanks
Mombone
Ignored
I don't trade the EA, so I can't answer at what point it begins a new ladder. But manually, you can do it either via a certain number of pips, or by time. I am testing both systems right now. The time system is better for those who are unable to check the market but once a day.
COA is fine, we're furloughing about 300-500 pilots initially, possibly more to come.
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Additional Username
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Joined Mar 2008
|255 Posts
dreamliner
i just want to see if i understood well your system :
1- i place a market order 0.5 % of my balance . with 10 pip profit and i place pending buy orders 10 pip away from the entry price with 10 pip profit until 400 pip .
if the market reverse and go the other way i wait until i m 200 pip dd and i start placing one buy order everyday without TP . i hope i understood well if no please correct me .
and by the way what you mean if we have more than 1 order open and its positive and above average we close all a ?
how long you have been trading this and how much was the worst dd you have seen ?
thanks
The first order does indeed take profit; there is no reason for it to stay open. As long as the market is moving up we take profit, increase our balance, and compound.
It is only when the market sinks that we put an order in with no take profit, which has the benefit of lowering the "average price" (blue line in Oanda) so that when the retracement comes we can exit lower, at a profit.
This is all real easy to see on Oanda.
Ignored
OK, so.......I have to admit that all this time I have had this wrong. I was initially entering my market order with no take profit and putting TP's on all my stop orders in the ladder. I assumed the benefit was that when in an uptrend, you would collect the interest by holding your initial position, then when a top was achieved you averaged the price down between the top and the initial position. So it's TP's on all initial orders, and no TP's on the buy downs, just the new ladder built from the buy down. I think I have it right now?
Joined Jun 2008
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Status: Programming for a better future.
|649 Posts
I realised the EA opened too many pending orders on the secondary ladder, when it should really stop when it reaches the first ladder. I'll have to look through my codes again.
the zero divide problem was due to my careless programming. thanks shiva for pointing out my mistake.
ronaldosim, in version 2, all orders placed should have TP, except for the starting order of the second ladder onwards, this is so that it will help bring down the average. we shouldn't just look at the lowest price. we should look at the average of all the currently running positions. It will close out all opened trade and pending orders when the current bid is higher than the average price during the predefined hour stated in the "Input" tab.
I can provide a true/false option for the EA to close out all trades as soon as this condition is met regardless of the current time. that'll be in version 3 and note that this means moving away from dreamliner's orginal strategy and I wanna keep this kinda changes to a minimum.
I'm sorry for those using mini accounts as I've not catered for symbols ending with 'm'. for the time being, please use the "Lots" value for fixed lots and set "MoneyManagement" to false.
will post version 3 when its ready. currently having quite a few projects on hand so it might take a while. please be patient.
dreamliner
i just want to see if i understood well your system :
1- i place a market order 0.5 % of my balance . with 10 pip profit and i place pending buy orders 10 pip away from the entry price with 10 pip profit until 400 pip .
if the market reverse and go the other way i wait until i m 200 pip dd and i start placing one buy order everyday without TP . i hope i understood well if no please correct me .
and by the way what you mean if we have more than 1 order open and its positive and above average we close all a ?
how long you have been trading this and how much was the worst dd you have seen ?
thanks
Ignored
All of your questions have been covered in the thread.
When more than one trade is opened and the current price is above the average price of all trades (in other words, overall profitable), then close all trades and begin again.
OK, so.......I have to admit that all this time I have had this wrong. I was initially entering my market order with no take profit and putting TP's on all my stop orders in the ladder. I assumed the benefit was that when in an uptrend, you would collect the interest by holding your initial position, then when a top was achieved you averaged the price down between the top and the initial position. So it's TP's on all initial orders, and no TP's on the buy downs, just the new ladder built from the buy down. I think I have it right now?
Richard
Ignored
You got it. You may have been combining two different variations into one method -- Dreamliner's original method and Scottie's version with the tops. I've gathered three good methods from this thread:
1. Dreamliner's original (Post 1)
2. Scottie's (top averaging, saving spread costs and lowering DD)
3. Ftraderx (conservative method which lowers DD)
Dreamliner will be sharing his modifications soon as well.
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Joined Mar 2008
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hi
thanks
i know it was covered in the thread . i am asking if i understood well what was covered in the thread or not . so you can tell me YES or NO . in case you would like to help . in case you are so impatient to help please let the one i asked give me an answer if he would like to .
thanks again
