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4HR 5EMA Expert Advisor

  • #21
  • Oct 30, 2008 2:53pm Oct 30, 2008 2:53pm
@ Kosomolate

Could you post a screenshot of this? And is there anything in the Logs?

Thanks

Quoting Kosomolate
the 1600 candle has closed and it qualified as a set up bar, and there was a G/U short trade that the EA placed.

If this EA is working with the rules sterling set then:
I expect the EA to close the previous short position and open the long position but it did not do anything

so friend look into this LOGIC very well
  • #22
  • Oct 30, 2008 3:40pm Oct 30, 2008 3:40pm
I dont have the screen shot cos as soon as he didnt do it. I relief him of his job and I took over.

I thot I could just explain and you would know what area of the LOGIC is faulty

may be another time I will get the shots for you if that will help us perfect the EA

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #23
  • Nov 4, 2008 12:01am Nov 4, 2008 12:01am
Hi Maxss280,
Thanks for this EA, I have just put it on Demo and I will be watching it along side the 4h5EMA I am trading manually, I think I know all the rules pretty well. Will let you know of anything that may need to be changed if not following rules.

One question,
Will it be placing physical pending orders for everything, like we would do manually? It will just make it much better to visually see where it is anticipating taking trades and placing stops that way and getting working perfectly faster.

Regards, Paul
  • #24
  • Nov 4, 2008 6:26pm Nov 4, 2008 6:26pm
I see a problem with the EA screen shot posted,
When a new setup opens in the other direction it only closes the the trade that is in profit but does not open the other way as it should at the same time.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.6 ea pic.gif Size: 15 KB
  • #25
  • Edited Nov 5, 2008 12:00am Nov 4, 2008 11:04pm | Edited Nov 5, 2008 12:00am
Ok, now it has opened the sell in the correct spot but it should have opened this a bar earlier, at the same time that it closed the buy.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.6 ea pic2.gif Size: 12 KB
  • #26
  • Nov 5, 2008 4:34am Nov 5, 2008 4:34am
Hi, I am just a newbie. Can someone kindly give me a step-by-step approach on how to import EA and Indicators into a Metatrader 4 platform and get them runnung. Thank for your kind assistance. Gerg
  • #27
  • Nov 5, 2008 9:36pm Nov 5, 2008 9:36pm
These are video's that you can watch and install,just follow the rules and watch a few times first. enjoy

http://au.youtube.com/watch?v=IX-CQfz2GUA
Another below

http://au.youtube.com/watch?v=sfNJxzGqvhk
  • #28
  • Nov 6, 2008 2:14am Nov 6, 2008 2:14am
Hi Maxss280,
A big thank you for all the hard work you are doing for us all. I am currently testing the EA v1.6. Seems to work fine across 11 pairs with 0.1 lots traded on the Mig demo platform. But since the beginning of the week, I have seen the profit column reach 1000+ and then drop way down to 300 and at times a negative figure and then finally some of the trades are closed as per the rules stated by Sterling. This happened almost daily during this week. Don't get me wrong, I truly believe in the system. But maybe with some money management built in, this could be a truly magnificient money making machine. Right now my account history shows 604.16 for the week. However if I just closed all trades when the account reached 1000 during live trades or used trailing stops or take profit levels; my closed balance would be 2000+ at least by now. I know this goes against the rules of the system but its kinda frustrating watching an account reach 1000 and then drop to a negative figure. Just my 2 cents.
  • #29
  • Nov 6, 2008 4:35am Nov 6, 2008 4:35am
Hi! maxss280

thanks for the EA, it is working well

but observe the attached chart you will notice that:

- it does not enter trade as per +5 pips to the high of the set up bar
the bar with blue arrow is the set up bar and it high is the blue line
which should be the sell stop entry point.

though this is not part of sterling's rules but I think one of those wise saying in forex is that never watch a winner turn looser i.e. +1100 USD down to +27 USD its na good, and I think we should be taking profit @ 150 pips and whatever happens thereafter is ok.
Attached Image (click to enlarge)
Click to Enlarge Name: 8hr chart2.gif Size: 20 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #30
  • Nov 6, 2008 7:38am Nov 6, 2008 7:38am
There appeares to me that there is a far greater way of making noney with the 4HR5EMA, a trailing stoploss would be good with a function to allow us to set it ourselves. Trialing a stoploss would not be a problem for im happy to test it. Have the stoploss set as is and when the pair reach profit the stoploss is moved up to take profit. I think that when the pair reverses the take profit is not triggered and then a loss is incured. I do knot know how to test to see if this is happening but im having the same trouble where im almost $2000 in front and a day later im only $400 in front. I think that the 4HR5EMA is rather brilliant.
  • #31
  • Nov 7, 2008 12:13am Nov 7, 2008 12:13am
hi maxss280,

if you are still there, why did you start a thing you know you cannot finish.

you started the thread and abandoned it.

your EA has flaws, you said you want charts, now you have charts but you are not responding


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #32
  • Nov 7, 2008 10:56am Nov 7, 2008 10:56am
Ah I see.
Right now it is preparing to place a trade when it crosses that 5+ pips line plus the spread. I think once I get the pending orders setup to were it will place the pending order instead of waiting we will not have this problem any more.
Thanks for your screenshot I will look into it more.
Quoting viperzz
I see a problem with the EA screen shot posted,
When a new setup opens in the other direction it only closes the the trade that is in profit but does not open the other way as it should at the same time.
  • #33
  • Nov 7, 2008 11:03am Nov 7, 2008 11:03am
@ e9mont
I agree with you I think some sort of MM would increase the profitability of this system. At the moment though I am behind and I am still in the process of implementing some of the additional rules for the post. I will see if I can add some sort of trailing stop or close half position at half profit in the future
Thanks for you input
Quoting e9mont
Hi Maxss280,
A big thank you for all the hard work you are doing for us all. I am currently testing the EA v1.6. Seems to work fine across 11 pairs with 0.1 lots traded on the Mig demo platform. But since the beginning of the week, I have seen the profit column reach 1000+ and then drop way down to 300 and at times a negative figure and then finally some of the trades are closed as per the rules stated by Sterling. This happened almost daily during this week. Don't get me wrong, I truly believe in the system. But maybe with some money management built in, this could be a truly magnificient money making machine. Right now my account history shows 604.16 for the week. However if I just closed all...
  • #34
  • Nov 7, 2008 11:08am Nov 7, 2008 11:08am
@Kos

Thanks for the screenshot I think this problem is from the same thing that is causing Viperzz error above. I think once we get a pending stop and pending buy orders placed on the setup bars that we will have this error taken care of.

Thanks
Quoting Kosomolate
Hi! maxss280

thanks for the EA, it is working well

but observe the attached chart you will notice that:

- it does not enter trade as per +5 pips to the high of the set up bar
the bar with blue arrow is the set up bar and it high is the blue line
which should be the sell stop entry point.

though this is not part of sterling's rules but I think one of those wise saying in forex is that never watch a winner turn looser i.e. +1100 USD down to +27 USD its na good, and I think we should be taking profit @ 150 pips and whatever happens thereafter is ok.
  • #35
  • Nov 7, 2008 11:17am Nov 7, 2008 11:17am
@Kos

I havn't left just been alittle busy. Had surgery Tuesday and have been hopped up on pain meds lol. Just got back to work today and have to get caught up with everything(That job comes first. It is the one that feeds my family and my trading habbit lol). Alot of problems to fix and not alot of time

Hopefully I will get to making some changes this weekend.
Quoting Kosomolate
hi maxss280,

if you are still there, why did you start a thing you know you cannot finish.

you started the thread and abandoned it.

your EA has flaws, you said you want charts, now you have charts but you are not responding


kos
  • #36
  • Nov 7, 2008 1:09pm Nov 7, 2008 1:09pm
hi maxss280

wish you fast recovery?

I never knew you were down

thanks for all the responses and its good to know that you are back and OK

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #37
  • Nov 14, 2008 4:51pm Nov 14, 2008 4:51pm
Turn out that I am sicker than I thought . It doesn't look like I will have time to finish this project hopefully someone else will be able to pick it up for us. Thanks FF for you support
  • #38
  • Edited 6:59pm Nov 14, 2008 6:45pm | Edited 6:59pm
i don't know what we're working on but this EA from 1/1/08 to 1/11/08 provided 3.66 pips of gain.

1/1 10000
31/10 10003.66

profit 9863.26
loss 9859.6

total trades 322

I hope there's something wrong :|
  • #39
  • Dec 16, 2008 6:39pm Dec 16, 2008 6:39pm
Hey Max - get well soon!
You don't have to be right, just don't be too wrong
  • #40
  • Dec 17, 2008 3:47am Dec 17, 2008 3:47am
I just want to point out that I've tested the EA ver1.6
Using the default params ( 4H / 5 pips + spread)
from 1/1 to the 12 of December and all the majors showed loss
except the EUR/USD which showed 1900 pips gain,
That's around 180 pips gain a month.
From the EA testing it looks like the EUR works better then the GPB.
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