Flyer! EA - New Thread - Part 2 | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

My trade explorer Flyer > 1000% return for May 3 replies

Flyer! EA - New Thread! 456 replies

Fozzy, Pip Boxer, Flyer 4 replies

Help Test my new EA, FLYER! 243 replies

Flyer! Version 2.00 is released. 0 replies

Attachments: Flyer! EA - New Thread - Part 2
Exit Attachments

Flyer! EA - New Thread - Part 2

  • #101
  • Feb 8, 2007 8:18am Feb 8, 2007 8:18am
Marci,

Here are the files.

Thanks,

dbcmkx
Attached File(s)
File Type: txt 20070208.txt   7 KB | 583 downloads
File Type: doc Doc3 2-08-2007.doc   90 KB | 476 downloads
  • #102
  • Feb 8, 2007 8:55am Feb 8, 2007 8:55am
Hi, Marci,

Hope you don't mind these additional thoughts. The EUR/USD trade (the 2nd trade) is still open at -15 pips and -$400+. The EA closed out the GBP/USD trades when the price moved 1 or 2 pips to the minus side and before it open the EUR/USD trade. Checking yesterday's log, I noticed that the 1st time it occurred the EA opened and closed the trade without trying to open a 2nd trade in between the open and close. Other times it opened a GBP/USD trade then unsuccessfully tried to open a 2nd trade and then closed the GBP/USD trade.

Thanks again,

dbcmkx
  • #103
  • Feb 8, 2007 9:06am Feb 8, 2007 9:06am
Quoting dbcmkx
Hi, Marci,

Hope you don't mind these additional thoughts. The EUR/USD trade (the 2nd trade) is still open at -15 pips and -$400+. The EA closed out the GBP/USD trades when the price moved 1 or 2 pips to the minus side and before it open the EUR/USD trade. Checking yesterday's log, I noticed that the 1st time it occurred the EA opened and closed the trade without trying to open a 2nd trade in between the open and close. Other times it opened a GBP/USD trade then unsuccessfully tried to open a 2nd trade and then closed the GBP/USD trade.

Thanks again,

dbcmkx
Without being able to see what is going on in your account, I really can't give you any more of an answer. The orders for the GBP were closed by your broker. Plain and simple. The EA has no programming code in it to set a S/L at -4 or -5 pips. It just isn't made that way. The only way the S/L could occur at that level is because your broker closed it for what ever reason. Since your margin was very low at the time, I can only assume that is what happened. With your Eur/usd position... what is your free margin afterwards? If it is very small... then you probably got lucky and had some other trades keep it from going negative... or perhaps another trade got stopped out freeing up margin... You and only you can look at your account to determine all this. I'm just relaying what I can see from the log.

Marci
  • #104
  • Feb 8, 2007 9:09am Feb 8, 2007 9:09am
Quoting et_phonehome_2
GirlFlyer

I do believe you should code to check for free margin since I had also tested EAs where the trades were just closed or not triggered due to the free margin. I only came across one EA in the past which actually checked for this otherwise the EAs will just drain the account.
ET, I've already made a change in my code for my copy that prevents the EA from trading if there isn't enough free margin to cover the trade plus the possible amount of loss if it goes to the S/L point. I will post this later once I can confirm the fix works properly.

Marci
  • #105
  • Feb 8, 2007 9:11am Feb 8, 2007 9:11am
Quoting dbcmkx
Hi, Marci,

Hope you don't mind these additional thoughts. The EUR/USD trade (the 2nd trade) is still open at -15 pips and -$400+. The EA closed out the GBP/USD trades when the price moved 1 or 2 pips to the minus side and before it open the EUR/USD trade. Checking yesterday's log, I noticed that the 1st time it occurred the EA opened and closed the trade without trying to open a 2nd trade in between the open and close. Other times it opened a GBP/USD trade then unsuccessfully tried to open a 2nd trade and then closed the GBP/USD trade.

Thanks again,

dbcmkx
Oh, and btw, the reason that it keeps repeating the problem is because once the position was stopped out, the entry conditions were still valid, so the EA tried to get right back in the trade.

GF
  • #106
  • Feb 8, 2007 9:58am Feb 8, 2007 9:58am
Marci,

I understand what you are saying. Here is some more information. Acount balance at the time of the GBP/USD trade was $3072, LotPercentage was set at 5%, MiniVal = 100. Lot size for the GBP/USD trade was 3 lots. There were no other trades open at the time this trade was opened. The trade was closed when it move negatively -1 pip. A $150 loss. There was no attempt to open a 2nd trade before this trade closed. It did not move enough to use up the margin to close the trade. It had set allocated $1740 of the account balance to cover the margin.
The 2nd trade, EUR/USD, was for 2.9 lots, basically the same size as the first. At the time it was opened the account balance had been reduced to $2922. It is still open at -15 pips and $400+ loss.

Thanks,

dbcmkx
  • #107
  • Feb 8, 2007 10:40am Feb 8, 2007 10:40am
Quoting dbcmkx
Marci,

I understand what you are saying. Here is some more information. Acount balance at the time of the GBP/USD trade was $3072, LotPercentage was set at 5%, MiniVal = 100. Lot size for the GBP/USD trade was 3 lots. There were no other trades open at the time this trade was opened. The trade was closed when it move negatively -1 pip. A $150 loss. There was no attempt to open a 2nd trade before this trade closed. It did not move enough to use up the margin to close the trade. It had set allocated $1740 of the account balance to cover the margin.
The 2nd trade, EUR/USD, was for 2.9 lots, basically the same size as the first. At the time it was opened the account balance had been reduced to $2922. It is still open at -15 pips and $400+ loss.

Thanks,

dbcmkx
Judging from your information, your lots are standard. 3 Lots of GBP/USD is $300,000 divided by margin factor of 100 = $3000 of used equity. Balance was $3072. Open 3 lot trade and that left you $72 in your account. Then account for spread of 4 pips (guessing)... that was another $120... leaving your margin balance at negative $-50. Instant margin call.

I'm sorry DB, but I still concur with my original answer of this being a cause of margin. As to why it is happening with GBP only... its just the sequence of events. Could have happened to other pairs, but the GBP position fit the conditions to have this occur.

I will fix the EA to prevent it from entering into trades where the free margin will be close to zero afterwards, but in the meantime as I mentioned earlier, don't let the EA trade when your margin balance is close to zero. Just because your account equity may be in good standing, too many open postions can reduce your available margin. One more trade when it's close to zero can cause this no matter what.

I hope you can understand what I'm getting at. It was NOT the EA that closed your positions. It was your broker. The EA kept trying to open it after the broker closed it a few seconds after the original order was placed and kept getting margin called.

Marci
  • #108
  • Feb 8, 2007 12:14pm Feb 8, 2007 12:14pm
Marci,

I am recompiling the EA and going to run it on new demo account. There are still some unanswered questions. For example: the LotValue was set at 1, mini-account. Why did it trade 3.0 lots? LotPercentage was set at 5. 5% of $3072 is $153.60. Why did risk 10 times that amount?

Thanks,

dbcmkx
  • #109
  • Feb 8, 2007 12:21pm Feb 8, 2007 12:21pm
Marci,

When I said "it" in my last post, I did not mean to infere that something was wrong with the EA. I just don't understand why those trades were opened with those inputs.

Thanks,

dbcmkx
  • #110
  • Feb 8, 2007 1:23pm Feb 8, 2007 1:23pm
Quoting dbcmkx
Marci,

I am recompiling the EA and going to run it on new demo account. There are still some unanswered questions. For example: the LotValue was set at 1, mini-account. Why did it trade 3.0 lots? LotPercentage was set at 5. 5% of $3072 is $153.60. Why did risk 10 times that amount?

Thanks,

dbcmkx
DB,

I went through your most recent log file.... and your .doc file.

#1 - Your account shows you are using a standard account, not a mini - so your LotVal should be equal to "0", not "1".

#2 - Is your margin ratio 200:1 or 100:1? - It looks like to me it may be 100:1 and you have it set to 200:1.

----
So what happened?

EA thought you had a mini account at 200:1 margin. Your 5% of 3000 = $150.00, at 200:1 and a mini - that gives you 3 lots. But 3 lots in standard account with only 3000 in it and 100:1 margin, and bingo you instantly used your available margin and got margin called.

DB,

When you set up the EA, you have to make sure all the settings agree with your account. Please check that in the futue.

I don't mind helping out... but I think we've gotten to the root of the problem here and no more needs to be said.

Hope it all works out for you.

Marci
  • #111
  • Feb 8, 2007 1:37pm Feb 8, 2007 1:37pm
Marci,

Thanks. As I mentioned, I'm starting over with new account and making sure the inputs are correct.

Thanks again,

dbcmkx
  • #112
  • Feb 12, 2007 8:59am Feb 12, 2007 8:59am
Hi, Marci,

Please look at the attached file. The first page shows that account #517330 is a mini account with 1:200 leverage. The 2nd page shows the Inputs for Flyer 2.00. On the 3rd page the 2nd transaction is a trade that the EA entered for 2.90 standard lots ( the other 2 trades where entered manually). If the stoploss is executed the trade would lose $1682, 2.90 lots x 58 pips x $10 per pip. I'm confused as to why the EA entered standard lots when LotValue is 1, MarginVal is 200 and the LotPercentage is 5, $150 risk.

Thanks for your help,

dbcmkx
Attached File(s)
File Type: pdf Microsoft Word - 2-9-07.pdf   416 KB | 658 downloads
  • #113
  • Feb 12, 2007 9:17am Feb 12, 2007 9:17am
Marci,

I have attached a copy of the Flyer2.0 that is on my computer. Just in case somehow the code became incorrect.

Thanks,

dbcmkx
Attached File(s)
File Type: pdf Flyer 200 code.pdf   498 KB | 879 downloads
  • #114
  • Feb 12, 2007 10:35am Feb 12, 2007 10:35am
Quoting dbcmkx
Hi, Marci,

Please look at the attached file. The first page shows that account #517330 is a mini account with 1:200 leverage. The 2nd page shows the Inputs for Flyer 2.00. On the 3rd page the 2nd transaction is a trade that the EA entered for 2.90 standard lots ( the other 2 trades where entered manually). If the stoploss is executed the trade would lose $1682, 2.90 lots x 58 pips x $10 per pip. I'm confused as to why the EA entered standard lots when LotValue is 1, MarginVal is 200 and the LotPercentage is 5, $150 risk.

Thanks for your help,

dbcmkx
It would seem that even though your account is a mini, your lot sizes are still in standard units, which means even on your mini-account, the lots are still worth 1 Lot = $100,000 rather than 1 Lot = $10,000 which is what some brokers do. Just set your LotVal to 0 and it should be fine.

Then it will have executed a trade for 0.3 lots instead of 3.

GF
  • #115
  • Feb 12, 2007 4:36pm Feb 12, 2007 4:36pm
Thanks, Marci. I have done as you suggested. Hopefully this will correct the problem and allow me to trade mini lots.

dbcmkx
  • #116
  • Feb 13, 2007 10:21pm Feb 13, 2007 10:21pm
Hi Marci,

Just thought I'd drop a note. I'm still using Flyer in its latest incarnation. No problems, operating beautifully. I've had five consecutive successful orders placed on cable during the past week or so, most recently Monday evening 12 February. Currently, Flyer has me in a long position as of 20:33 on 13 February at a price of 9460.

I trust you've somewhat adjusted to your new home and that all is well with you. Trade well and prosper.
  • #117
  • Feb 14, 2007 10:59am Feb 14, 2007 10:59am
Quoting MoneyMa$ter
Hi Marci,

Just thought I'd drop a note. I'm still using Flyer in its latest incarnation. No problems, operating beautifully. I've had five consecutive successful orders placed on cable during the past week or so, most recently Monday evening 12 February. Currently, Flyer has me in a long position as of 20:33 on 13 February at a price of 9460.

I trust you've somewhat adjusted to your new home and that all is well with you. Trade well and prosper.
It was nice to hear from you again MM! I'm glad the EA is performing well for you. If you stayed in your long from yesterday, then today should have been good for you!

Drop a line in from time to time and tell me how performance is going. I'm not actively working with the EA right now as I have been working on an alternate system that I have been trading manually and it has been going well so far.


Marci
  • #118
  • Feb 14, 2007 11:55am Feb 14, 2007 11:55am
Hi, Marci!

I'm trying to figure out why it did not trigger a long position when it crossed to the upside at about 7:00 on 2/14 ( see attached file)? By the way I think the problem I was having with the lots has been corrected. Brokers sure can be confusing at times.

Thanks,

dbcmkx
Attached File(s)
File Type: doc Doc3 02-14-07.doc   140 KB | 511 downloads
  • #119
  • Feb 14, 2007 1:46pm Feb 14, 2007 1:46pm
Quoting dbcmkx
Hi, Marci!

I'm trying to figure out why it did not trigger a long position when it crossed to the upside at about 7:00 on 2/14 ( see attached file)? By the way I think the problem I was having with the lots has been corrected. Brokers sure can be confusing at times.

Thanks,

dbcmkx
DB,

Flyer will not always open a trade when the trend lines cross. It also looks at the overall trend for a couple of days into the history and determines if the odds are good that it will go in the direction of the crossover or not. If the crossover is not in line with the historical trend, it will not take the trade.

Also I'm glad we got you fixed for your lot sizes.

Happy trading!

Marci
  • #120
  • Feb 14, 2007 2:03pm Feb 14, 2007 2:03pm
Hi, Marci,

The EA did trigger a EUR/USD long trade yesterday (2/13) at 6:00 gmt, which I closed yesterday, and the trend has been to the upside since that time. Knowing this I would have thought another long trade would have been triggered today with the cross at 7:00 GMT.

Thanks,

dbcmkx
0 traders viewing now