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Simple Trading Method with trader101

  • #241
  • Sep 23, 2008 1:30pm Sep 23, 2008 1:30pm
ES, when you install, simply change the name of the installation folder. It will usually say something like, "C:\Program Files\Tradeview FX Metatrader". You can just add a "2" to the end of that or whatever you want. So it could be
"C:\Program Files\Tradeview FX Metatrader 2"

Quoting ES Trader
I am sorry for asking the most stupidest question. I have to, since I am not good with computers.
I am trying to have TWO Ibfx account to try this system out. But when I open second account the fist one seem to disappear. I know I have to put the second one on new folder.How do I do that.
thanks
Sorry again for asking such a basic question
Kris
  • #242
  • Sep 23, 2008 1:31pm Sep 23, 2008 1:31pm
Quoting BenQ
Agreed. Any script or EA that tries to open multiple orders at the same time will have issues (trade context busy errors, etc) unless there is a pause between orders. There are a couple other things that can be done too, but to open 14 positions all at once requires a little more than these scripts have right now. You don't always see these errors in demos, but you will in live.
On the contrary Ben,
I never encountered this problem in live account. The broker in real live account will always allow you to trade and their receiving server are good in receiving order unless there is a gap in the price and they give you an error of "off price". But under no condition they accept the order. What probably the worst practice for these server is the closing of the trade, that were where having problem. The pause is not really be helping. If you happend to execute the script at the time the server is busy,it will give you some and not give you some. There are also instances that it may wait for another tick to continue the execution. There is not much difference anyway when we just open the missing pairs manually.
  • #243
  • Sep 23, 2008 1:35pm Sep 23, 2008 1:35pm
Quoting ES Trader
I am sorry for asking the most stupidest question. I have to, since I am not good with computers.
I am trying to have TWO Ibfx account to try this system out. But when I open second account the fist one seem to disappear. I know I have to put the second one on new folder.How do I do that.
thanks
Sorry again for asking such a basic question
Kris
i just chatted with them to figure this same thing out.

1st right click on your desktop icon and rename it something else
I have mine that i run the indicator named ( demo indicator )

next install a new mt4 with ibfx and wehn it asks where to save it use the defualt and add an A to the end of it. and save

now you should have 2 icons on your desktop one will say demo indicator and one will have the default name

now do the same thing again ( if you have live account ) and name it Live or whatever

now i have 3 icons on my desktop that are for 3 different platforms
one for demo indicator, one for demo trades, and one for live

hope this helps
  • #244
  • Sep 23, 2008 1:36pm Sep 23, 2008 1:36pm
We can agree to disagree then. I have encountered problems in live trading with multiple orders in baskets. An EA has to be sohpisticated enough to recognize that an order did not execute, either because of busy errors or off quotes, etc., and re-try the order. I'm not sure if that functionality can be built into a script, but I don't think so.

Quoting trader101
On the contrary Ben,
I never encountered this problem in live account. The broker in real live account will always allow you to trade and their receiving server are good in receiving order unless there is a gap in the price and they give you an error of "off price". But under no condition they accept the order. What probably the worst practice for these server is the closing of the trade, that were where having problem. The pause is not really be helping. If you happend to execute the script at the time the server is busy,it will give you some and not give you some. There are also instances that it may wait for another tick to continue the execution. There is not much difference anyway when we just open the missing pairs manually.
  • #245
  • Sep 23, 2008 1:49pm Sep 23, 2008 1:49pm
Quoting BenQ
We can agree to disagree then. I have encountered problems in live trading with multiple orders in baskets. An EA has to be sohpisticated enough to recognize that an order did not execute, either because of busy errors or off quotes, etc., and re-try the order. I'm not sure if that functionality can be built into a script, but I don't think so.
Yes it can done like those EA we develop for news trading but still once the first order hit the busy server even if you are going to bombard it with a thousand same order it will not act on it until the server regain its composure and ready to accept another order. If you suggest to put a pause in the ordering, we still dont know for how long will the server be back to its state of acceptance. It can be done easily to put a sleep function but still this might be just an exercise of futility. This problem is not on our program but on the broker server. If you can recommend a good pausing method we can incorporate it.
  • #246
  • Sep 23, 2008 2:01pm Sep 23, 2008 2:01pm
Thanks benq and jtmoore. Finally I was able to have 2 demo .
Thanks
  • #247
  • Sep 23, 2008 2:02pm Sep 23, 2008 2:02pm
T101

Will you please confirm if the following is correct? I went several times through the posts and this is how i understand it:

  1. Excecute trades in demo with script provided( IBFX) ( 7 short & 7 long)
  2. Double click profit column( positive pairs occupy 7 top positions and negative pairs occupy 7 bottom positions)
  3. Run for day or two and all buys will occupy top 7 positions and all sells will occupy bottom 7 positions or vice versa. ( This will happen automatically after some time as you explained)
  4. When pairs settled as in point 3, you add the profitcalc.
  5. Sell or buy all 14 pairs with optimised scripts as provided but only if the EA suggests so.

Questions:

The anchor pairs are any pairs as placed in the first and last position as in step 3 above?

If the anchor pairs leave their positions as explained by you , will the profitcalc then issue a trendchange and is that then the signal to excecute the trade?

I take it that the profit moving to "0" is the P/L in the demo?

When the two anchors move back will the profitcalc pick it up again and issue another trendchange which is the trigger to exit 14 longs and then sell 14 short?

And hereafter just repeat and swing positions in live acc acc to the profitcalc?

Thank you for sharing and for answering all the questions.

Cobra

Never Ever Give Up!
  • #248
  • Sep 23, 2008 2:05pm Sep 23, 2008 2:05pm
been so busy with work this week...didnt have much time to keep up with this thread lol....i see alot of improvements since i checked yesterday...anyways this is what mine looks like at the moment...

the trend is currently short if im not mistaken, according to the profitcalc and buy looking at the buy/sell

the buys are grouping in the bottom 7 and the sells are grouping in the top 7...
am i looking at this correctly?
Attached Image (click to enlarge)
Click to Enlarge Name: sp 23-09-08.jpg Size: 227 KB
  • #249
  • Sep 23, 2008 2:22pm Sep 23, 2008 2:22pm
hey ben..... to avoid missing orders the script can be rewritten as a "while" loop, the exit from the loop would be when all orders are placed....

the best solution as mentioned before is to use "OrderReliable" ..... that solves many issues.....

several ea's i use place very large number of orders in a single run..... those ea's would not work at all without "OrderReliable"....... it's a good practice to use it, or at least that's been my expierence.......h
to trade and code, keep both simple... no call to impress....h
  • #250
  • Sep 23, 2008 2:24pm Sep 23, 2008 2:24pm
I didn't mean to suggest it was a problem with your program. It's a broker server issue definitely.

As for correcting it, it really depends on where you want to take this. Right now you have scripts that place the orders, and an EA that closes them. I don't think there's a lot you can do with scripts to correct it, but everything could be rolled into an EA where you would have much more functionality.

There are some very good coders starting to come aboard, so I'm sure we'll see some suggestions soon.


Quoting trader101
... This problem is not on our program but on the broker server. If you can recommend a good pausing method we can incorporate it.
  • #251
  • Sep 23, 2008 2:29pm Sep 23, 2008 2:29pm
Yes, I think I agreed with you on that earlier. I wasn't totally aware that order reliable could be used for scripts though. Can you do one of the previous scripts so I can see how it's done?

Quoting hayseed
hey ben..... to avoid missing orders the script can be rewritten as a "while" loop, the exit from the loop would be when all orders are placed....

the best solution as mentioned before is to use "OrderReliable" ..... that solves many issues.....

several ea's i use place very large number of orders in a single run..... those ea's would not work at all without "OrderReliable"....... it's a good practice to use it, or at least that's been my expierence.......h
  • #252
  • Sep 23, 2008 2:33pm Sep 23, 2008 2:33pm
Quoting BenQ
Yes, I think I agreed with you on that earlier. I wasn't totally aware that order reliable could be used for scripts though. Can you do one of the previous scripts so I can see how it's done?
Anything to improve it. Im on it..Ben ..We let Hayseed do it for us.
T101
  • #253
  • Sep 23, 2008 2:58pm Sep 23, 2008 2:58pm
What about SL's when things go wrong what is the best approach here? i imagine opening 13-14 trades if smoething goes wrong your in a world of hurt no? do we have a total sl or like 40-50sl per pair??

thanks again
  • #254
  • Sep 23, 2008 3:09pm Sep 23, 2008 3:09pm
Quoting avatarx51
What about SL's when things go wrong what is the best approach here? i imagine opening 13-14 trades if smoething goes wrong your in a world of hurt no? do we have a total sl or like 40-50sl per pair??

thanks again
That question was answered by Post #116 on page 8. Please reread the thread to avoid this wasteful effort of re-answering.
  • #255
  • Sep 23, 2008 3:12pm Sep 23, 2008 3:12pm
hey ben..... here is what it would look like when used in the script trader101 posted.....

might be worthwhile to consider moving towards using a standard ea..... doing so allows for a wider range of control over the orders.....h




Inserted Code
 
 
//+------------------------------------------------------------------+
//|                                                      mIBFXHedge  |
//|                               Copyright © 2008, Julius Figueroa  |
//|                                          [email="[email protected]"][email protected][/email] |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2008, Julius Figueroa"
#property link      "[email="[email protected]"][email protected][/email]"
#include <OrderReliable.mqh>
#property show_inputs
extern double Lot            = 0.1;
extern string comment        =" 1 ";

//+------------------------------------------------------------------+
//| script program start function                                    |
//+------------------------------------------------------------------+
int start()
  {
   
   OrderSendReliable("GBPUSDm",OP_BUY, Lot, MarketInfo("GBPUSDm",MODE_ASK), 2, NULL, NULL, comment, 0, 0, CLR_NONE);
   OrderSendReliable("EURGBPm",OP_BUY, Lot, MarketInfo("EURGBPm",MODE_ASK), 2, NULL, NULL, comment, 0, 0, CLR_NONE);
   OrderSendReliable("GBPJPYm",OP_BUY, Lot, MarketInfo("GBPJPYm",MODE_ASK), 2, NULL, NULL, comment, 0, 0, CLR_NONE);
   OrderSendReliable("USDCHFm",OP_BUY, Lot, MarketInfo("USDCHFm",MODE_ASK), 2, NULL, NULL, comment, 0, 0, CLR_NONE);
   OrderSendReliable("NZDUSDm",OP_BUY, Lot, MarketInfo("NZDUSDm",MODE_ASK), 2, NULL, NULL, comment, 0, 0, CLR_NONE);
   OrderSendReliable("AUDJPYm",OP_BUY, Lot, MarketInfo("AUDJPYm",MODE_ASK), 2, NULL, NULL, comment, 0, 0, CLR_NONE);
   OrderSendReliable("EURJPYm",OP_BUY, Lot, MarketInfo("EURJPYm",MODE_ASK), 2, NULL, NULL, comment, 0, 0, CLR_NONE);
   
   OrderSendReliable("EURUSDm",OP_SELL, Lot, MarketInfo("EURUSDm",MODE_BID), 2, NULL, NULL, comment, 0, 0, CLR_NONE);
   OrderSendReliable("USDJPYm",OP_SELL, Lot, MarketInfo("USDJPYm",MODE_BID), 2, NULL, NULL, comment, 0, 0, CLR_NONE);
   OrderSendReliable("AUDUSDm",OP_SELL, Lot, MarketInfo("AUDUSDm",MODE_BID), 2, NULL, NULL, comment, 0, 0, CLR_NONE);
   OrderSendReliable("NZDJPYm",OP_SELL, Lot, MarketInfo("NZDJPYm",MODE_BID), 2, NULL, NULL, comment, 0, 0, CLR_NONE);
   OrderSendReliable("GBPCHFm",OP_SELL, Lot, MarketInfo("GBPCHFm",MODE_BID), 2, NULL, NULL, comment, 0, 0, CLR_NONE);
   OrderSendReliable("CHFJPYm",OP_SELL, Lot, MarketInfo("CHFJPYm",MODE_BID), 2, NULL, NULL, comment, 0, 0, CLR_NONE);
   OrderSendReliable("EURCHFm",OP_SELL, Lot, MarketInfo("EURCHFm",MODE_BID), 2, NULL, NULL, comment, 0, 0, CLR_NONE);
   
   return(0);
  }
//+------------------------------------------------------------------+
to trade and code, keep both simple... no call to impress....h
  • #256
  • Sep 23, 2008 3:13pm Sep 23, 2008 3:13pm
Man... I'm sick for one day and I come back to 4+ pages. I'm glad that a lot more people are looking into this wonderful idea. Thanks for the EA and the idea T101. An excel sheet as well? I'll be looking into that... thank you Franco. Time to get back to work ~
  • #257
  • Sep 23, 2008 3:27pm Sep 23, 2008 3:27pm
Quoting trader101
Hello to all
I really appreciate that this system generates a lot interest from traders more than i expected. As we know, we are all searching for a real indicator, the demo account (indicator) that you create may not be the predictive indicator but it is i think the closest to reality. To settle this once and for all,
The safest trades is the 14 pairs trading one direction. The winning percentage is higher than the 4 pairs tandem. I use the 2 pairs and 4 pair tandem when i feel bored waiting for the opposite trade to occupy the anchor position ( position when sell from bottom half finally dislodged the number 1 buy, it is also the time the buy will dislodge the lowest sell.) The dislodging of anchor of these pairs is what i called the safest time to trade 14 pairs straight. There was a question if i ever get a losing week, yes there are plenty, but after analysis of those loses, i concluded that it was my fault of bailing out on those trades early. Also never trusting the movement of currencies but relying on my judgment and experience. Good example is i was taught early in trading that never trade the EU and UC in the same direction or GU and UJ. Yes those mentors i had were right, however reflecting in on our indicator as an example, if initially the EU is buy at the top spot and UC sell at lowest spot, as trading goes one the EU will move down and UC will move up at a certain point somewhere in the middle they will met and using our guide. Buy going down is SELL and sell going up is SELL then if you shorted both the EU and UC they will be both positive trades upon reaching the middle...isnt it.
Well there are plenty more that you will discover as you continue to observe this method and they are simple to comprehend, you dont need any trend lines and s/r and others. Last week when we close our trade was LONG straight, I am assuming that the LONG will continue for sometime and will change to short straight somewhere this week and our EA the ProfitCalc will give us that signal. Base on experience it will be around Tuesday night start of Asian times. Again i could be wrong here but keep watching. Also i will give you a scream if this situation happend and then we all trade 14 pairs SHORT straight.
T101


AS im still reading the finer points, i thought maybe these indicaters could be useful on individual currencys for a cross check if you wanted, you overlay one onthe other as a cross chech for the usd and the individual currency moving and crossing,

maybe this pair coding could be modified for a group currency than individual, there is the mq4 files and a scrreen snap shot , i find this excellent for individual currencys crooss of the dollar index
Attached File(s)
File Type: zip dollar index.zip   216 KB | 2,193 downloads
  • #258
  • Sep 23, 2008 3:32pm Sep 23, 2008 3:32pm
Are we on a SHORT RUN now???? I just traded short on the IBFX chekcing the FxPro if it is the same situation.
  • #259
  • Sep 23, 2008 3:36pm Sep 23, 2008 3:36pm
Hayseed,

I added the OderReliable to the script and I get these warnings when compiling.
Attached Image
  • #260
  • Sep 23, 2008 3:37pm Sep 23, 2008 3:37pm
i have been short for a couple hours now up 360 pips
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