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Is This My Holy Grail EA :D

  • #1,041
  • Sep 30, 2008 6:46pm Sep 30, 2008 6:46pm
Hi Bob,
I have been silently following this thread for few days and really appreciate your work on these EA's. I am trying to attach the 200-40 EA to the chart and everytime the platform crashes.
What am I doing wrong? I have tried to read this thread in as much detail as possible, but still have couple of questions:
After saving the EA to the expert advisor folder, how to go about making it work? How many minimum pairs we have to run this on?
I am using IBfx and all excited to run this EA. Really need your help to get going as I am very new to EA trading.
Thanks a lot and keep up the good work.
  • #1,042
  • Sep 30, 2008 6:48pm Sep 30, 2008 6:48pm
Read 100-40 and not 200-40.
Thanks.
  • #1,043
  • Sep 30, 2008 7:46pm Sep 30, 2008 7:46pm
Quoting dmitry_dos
Actually, after I made sure all the settings were right, double checked that MaxTrade=1 and was saved and loaded as such, the setting still did not work. The EA kept making trades regardless of the MaxTrade setting.

This is a great EA and it is such a pity that one of the settings doesn't seem to work.

Please Bob, if time permits you, would you be kind enough to look into this and fix it? The MaxTrade setting doesn't seem to be working. Maybe the 8 levels were hard coded into the EA?

Thank you!

Dmitry
I always work inside the code. Probably when I disconnected the Sto sections I also disconnected this also. Anyway take the program and open it with the Meta editor. You can do that by clicking on the navigator button, thats the button with the yellow folder and yellow star on it. Click on Expert advisors and open up the folder. Right click on the EA you want to look at, you will have several choices but open the EA with Modify. When you see the program near the top you will find a section that looks like this:

extern string sb="--TRADE SETTING--";
extern double Lots = 0.01; // We start with this lots number
extern int TakeProfit = 60; // Profit Goal for the latest order opened
extern bool MyMoneyProfitTarget=False;
extern double My_Money_Profit_Target=50;
extern double multiply= 1.8;
extern int MaxTrades= 8; // Maximum number of orders to open
extern int Pips= 45; // Distance in Pips from one order to another

These are the main points hard coded into the EA. You can change MaxTrades from 8 to what ever. When done Click on the compile button at the top of the page and it will automatically save your changes. If you wish to keep the original program go to file and save the program under another name and then you can play with the program all you want. I probably have several hundred programs and variations. You can also change with the size of lots, TP, reentrance, multiplication factors. etc.

Good luck
  • #1,044
  • Sep 30, 2008 7:50pm Sep 30, 2008 7:50pm
Quoting desi
Hi Bob,
I have been silently following this thread for few days and really appreciate your work on these EA's. I am trying to attach the 200-40 EA to the chart and everytime the platform crashes.
What am I doing wrong? I have tried to read this thread in as much detail as possible, but still have couple of questions:
After saving the EA to the expert advisor folder, how to go about making it work? How many minimum pairs we have to run this on?
I am using IBfx and all excited to run this EA. Really need your help to get going as I am very new to EA trading.
Thanks a lot and keep up the good work.
Download a fresh demo copy from IBFX, I did that this weekend and changed everything over. My MT4 programs are running much better and are not crashing. I started having trouble when the 4.08 update started coming down. Also, I am no longer using the 50/40 EA and have changed to the 60/45. It is working better. The 50/40 would actually record losses at levels 8,9 and 10 on some currencies so I changed the formula.
  • #1,045
  • Sep 30, 2008 8:21pm Sep 30, 2008 8:21pm
Quoting nanningbob
Download a fresh demo copy from IBFX, I did that this weekend and changed everything over. My MT4 programs are running much better and are not crashing. I started having trouble when the 4.08 update started coming down. Also, I am no longer using the 50/40 EA and have changed to the 60/45. It is working better. The 50/40 would actually record losses at levels 8,9 and 10 on some currencies so I changed the formula.
Thanks a lot for your reply. I have started running 100-40 on a $3000 mini demo account on 10 pairs which I think are the maximum permissible on a mini account. I have made only 2 changes to the parameters to the EA you posted 2 days back:
1. Lots changed to 0.01 instead of default 0.03.
2. Account type changed to 2 for micro lots instead of default 0.
Am I doing everything ok? Also the orders were placed as soon as I managed to attach the EA to the charts. First order placed at 00:33 GMT. Let me know if I am doing something wrong.
Thanks again for your help.
Cheers!
  • #1,046
  • Sep 30, 2008 8:34pm Sep 30, 2008 8:34pm
Quoting desi
Thanks a lot for your reply. I have started running 100-40 on a $3000 mini demo account on 10 pairs which I think are the maximum permissible on a mini account. I have made only 2 changes to the parameters to the EA you posted 2 days back:
1. Lots changed to 0.01 instead of default 0.03.
2. Account type changed to 2 for micro lots instead of default 0.
Am I doing everything ok? Also the orders were placed as soon as I managed to attach the EA to the charts. First order placed at 00:33 GMT. Let me know if I am doing something wrong.
Thanks again for your help.
Cheers!
Yup you are doing fine. The EA begins entering as soon as you open it. Good luck.
  • #1,047
  • Sep 30, 2008 9:14pm Sep 30, 2008 9:14pm
Hello everyone,

Nanningbob's ea/system keeps making pips for me even in these rough times. Up about another $100.00 from yesterday. Nanningbob my live account thanks you my friend.

Regards,
Jeff

Quoting nanningbob
Yup you are doing fine. The EA begins entering as soon as you open it. Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
  • #1,048
  • Sep 30, 2008 9:57pm Sep 30, 2008 9:57pm
Quoting azjeff
Hello everyone,

Nanningbob's ea/system keeps making pips for me even in these rough times. Up about another $100.00 from yesterday. Nanningbob my live account thanks you my friend.

Regards,
Jeff
Hi Jeff,
Great results. What times of the day do you make your trades?

Thanks!
  • #1,049
  • Sep 30, 2008 9:59pm Sep 30, 2008 9:59pm
Quoting nanningbob

These are the main points hard coded into the EA. You can change MaxTrades from 8 to what ever. When done Click on the compile button at the top of the page and it will automatically save your changes. If you wish to keep the original program go to file and save the program under another name and then you can play with the program all you want. I probably have several hundred programs and variations. You can also change with the size of lots, TP, reentrance, multiplication factors. etc.

Good luck
Bob,

Thank you so much for taking the time to school us. It is greatly appreciated.

Dmitry
  • #1,050
  • Sep 30, 2008 10:00pm Sep 30, 2008 10:00pm
Quoting azjeff
Hello everyone,

Nanningbob's ea/system keeps making pips for me even in these rough times. Up about another $100.00 from yesterday. Nanningbob my live account thanks you my friend.

Regards,
Jeff
Well, I am happy to see my students are doing better than me. I spend over 8 months testing and my first live day with the proper amount of funds and I got whacked. Actually it is my fault, I didnt recognize early enough that Monday was one of those rare exception days. If I had closed at the end of the Euro session for a medium loss I would have made money the rest of the day and been in great shape. How's that for a teacher, doesnt even follow his own rules. However, unlike other MM systems I am still alive and kicking.
  • #1,051
  • Oct 1, 2008 5:57am Oct 1, 2008 5:57am
desi- You can trade more than 10 pairs on a demo account with IBFX. I'm trading 14.
  • #1,052
  • Oct 1, 2008 6:21am Oct 1, 2008 6:21am
I left my 100/40 .02 EA run from Sunday night through the chaos of Monday shutting down and restarting it Wed. at 6:30 am EST just to see what it would do. I was down over $900.00 at one point on Monday night but got out with about $300.00 on the plus side this am. Doubt if I'd be this brave with real money but it's nice to know a $3000 account would survive that kind of turmoil with your EA. I have to confess, I added a 9th level to two pairs last night which helped me out of the hole. By the way ,the EA(Close Trades_After_Account_Loss_TOOMuch) doesn't work. It's failed to close me out twice now.I need to find another EA or script to do this. I know that isn't your EA. Thanks again for all your hard work and hope you have a more normal trading day when you restart live.
  • #1,053
  • Oct 1, 2008 6:40am Oct 1, 2008 6:40am
Quoting nanningbob
Here are the most updated version of my EAs that I am using live. One is the 60/45.
1. takes profit every 60 pips
2. reenters every 45 pips
3. multiplies each trade by 1.8
4. set at .03 first trade.
5. price enters buy above the MA 2 shift 1 Median on 1D chart
6. sell below the MA 2 shift 1 Median

100/40

1. takes profit every 100 pips
2. reenters every 40 pips
3. multiplies each trade by 1.5
4. set at .03 first trade.
5. price enters buy above the MA 2 shift 1 Median on 1D chart
6. sell below the MA 2 shift 1 Median

The 60/45 is more aggressive, has a little more range but reenters at more money on higher levels
the 100/40 is more conservative

Hello Bob

I tried to put your 60/45 & 100/40 on my demo account. and There was nothing happen for half an hour (I know how to use them and I am using your the other version perfectly with other demo account). Is there any chance you can put the code on this forum for the latest 60/45 & 100/40.

So I can twick the code to solve the problem. I mean if it is possible.


Thanks and really apprecaite your sharing always


A
  • #1,054
  • Oct 1, 2008 6:44am Oct 1, 2008 6:44am
Quoting auto9817
Hello Bob

I tried to put your 60/45 & 100/40 on my demo account. and There was nothing happen for half an hour (I know how to use them and I am using your the other version perfectly with other demo account). Is there any chance you can put the code on this forum for the latest 60/45 & 100/40.

So I can twick the code to solve the problem. I mean if it is possible.


Thanks and really apprecaite your sharing always


A
Sorry you are having problems. These are the ones I am using right now, so they should work.
Attached File(s)
File Type: mq4 60+45 8levels.mq4   24 KB | 468 downloads
File Type: mq4 tp 100 +40 D1.5.mq4   24 KB | 440 downloads
  • #1,055
  • Oct 1, 2008 6:47am Oct 1, 2008 6:47am
Quoting Toothman
I left my 100/40 .02 EA run from Sunday night through the chaos of Monday shutting down and restarting it Wed. at 6:30 am EST just to see what it would do. I was down over $900.00 at one point on Monday night but got out with about $300.00 on the plus side this am. Doubt if I'd be this brave with real money but it's nice to know a $3000 account would survive that kind of turmoil with your EA. I have to confess, I added a 9th level to two pairs last night which helped me out of the hole. By the way ,the EA(Close Trades_After_Account_Loss_TOOMuch) doesn't work. It's failed to close me out twice now.I need to find another EA or script to do this. I know that isn't your EA. Thanks again for all your hard work and hope you have a more normal trading day when you restart live.
I feel your pain, there just wasnt anyway with what the markets had done that I was going to stay in and take that chance with a live account. Imagine if I put up 3000 and lost it in 24 hours. My whole philosophy is making sure you trade another day because this EA will win most of the time. Just keep it out of trouble is all you have to do. Its nice knowing though that it could make it. thanks.
  • #1,056
  • Oct 1, 2008 10:25am Oct 1, 2008 10:25am
Hi all,

I 'just' read the whole thread and I was wondering about an idea.

Perhaps nanningbob has already tried this in the last year, otherwise I will give it a go.
As the levels increase in the MM we get increasingly nervous, and especially 'breaking' level 8 can make us wanna cry. What about reducing the TP size at the higher levels.
For EXAMPLE(!): levels 1-5: TP 100, level 6: TP 90, level 7: TP 60, level 8: TP 30.
Obviously, at this point, a retractment of 30 is much easier to get than one of 100 and thus the risk of getting a retractment that isn't large enough to make us pocket our wins (or limit our losses) is reduced.

For sure, with an unmodified modified martingale, this will cut into the profits. I don't know how much, this needs to be tested in a demo. If this reduces our profits but also our drawdown, this may be worth it.

Additionally, to avoid having these reduced profits, I propose a 'modified modified martingale' (MMM, who will be the first to introduce an MMMM?!) in which also the multiplier varies:
for EXAMPLE(!): levels 1-5: multiplier 1.5, level 6: multiplier 1.7, level 7: multiplier 2.0, level 8: multiplier 2.5.

I know, this looks mighty risky: putting increasingly more money on the line when things are getting rough. However, THE big question is: what is the overal result of having this MMM combined with the 'easier' TPs?

What do you guys think?

BTW: great thread! :-)

David
  • #1,057
  • Oct 1, 2008 10:38am Oct 1, 2008 10:38am
Quoting Toothman
desi- You can trade more than 10 pairs on a demo account with IBFX. I'm trading 14.
Thanks Toothman. My mini demo account shows only 10 pairs so how can I open a chart window for the pair not listed?
On my platform there is prefix 'm' after every pair for example 'EURUSDm'. Is this the case with you also? If not then yours is not a mini account.
Waiting for your reply and happy trading.
  • #1,058
  • Oct 1, 2008 10:41am Oct 1, 2008 10:41am
Read as Suffix not Prefix.
Thanks.
  • #1,059
  • Oct 1, 2008 1:27pm Oct 1, 2008 1:27pm
Thank You Nanningbob for all the work you've done to try and get this ea just right. I was following this tread back in Jan, but got discouraged after the "death trade" killed my account. But now with your modifications and helpful hints and tips I have been making small profits.
I went live beginning of Sept with $500. Ending today with $957. For me $100 a week is my modest goal ...for now anyway. Once I reach it I turn the ea off for the week. I was getting greedy the first week and learned my lesson. I was up to $900 and wanted to get to $1000, It was Friday and all my trades were going the wrong way,but I wanted to get that last profit..... and by the time I turned the ea off I was left with $75 profit......
Now what I've been doing is taking my profits when I see them. If I am nearing 75-80 pips I will close the trade,I don't always wait for 100 pips. If I am 5 levels deep and have some small profit on that trade, I will close it. just to get out and start fresh. I have not been trading on rollover Wed US session. I try and turn ea off and restart it around Wed 9pm est. I do not let the ea run on its own ...I try to make sure I am near by to keep an eye on things. If I can't be there I will turn it off...and close the ea for the week before Friday's US session. Its just my comfort level....
Anyway, I hope this helps some, Nanningbob gave some great tips to help avoid the death trade and make some profits. I have found a way to use this ea and still stay within my comfort level, and you will too..You have to find what makes you comfortable, no set rules applies to everyone's style of trading you have to make your own...
Good Luck to all and Thanks again Nanningbob.
Attached Image (click to enlarge)
Click to Enlarge Name: live.gif Size: 6 KB
  • #1,060
  • Oct 1, 2008 3:01pm Oct 1, 2008 3:01pm
Quoting nanningbob
extern string sb="--TRADE SETTING--";
extern double Lots = 0.01; // We start with this lots number
extern int TakeProfit = 60; // Profit Goal for the latest order opened
extern bool MyMoneyProfitTarget=False;
extern double My_Money_Profit_Target=50;
extern double multiply= 1.8;
extern int MaxTrades= 8; // Maximum number of orders to open
extern int Pips= 45; // Distance in Pips from one order to another
Hi Bob,

I don't think the EA likes me haha.

I did everything you said, saved the new file with the new parameters and did it over again just to make sure, also I clicked "compile". (The editor said "compiling" for over 20 minutes and I closed it after that, but saved the new file anyways).

I set "MaxTrades" to 1, and "Pips" to 1000, with the idea that it would take profit once every thousand pips, or in other words, once until i'm ready to switch the EA off for the day.

To test if it worked, I restarted Meta Trader, made sure the smiley was good, and set the Take Profit to 1 (for quick results). The EA still kept making trades on that pair every time it took 1 pip profit. It made about 6 trades back to back before I stopped it.

I don't know if I'm still doing something wrong. Even after going into the code and editing it from there, the MaxTrades and/or Pips doesn't work. I know you might be tired of me by now, but, if you have any more ideas, I would really appreciate them.

Thank you.
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