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100 x 80 EA oh boy

  • #441
  • Nov 22, 2008 2:17am Nov 22, 2008 2:17am
I would like to ask for some pointers:
- at what time/session do you guys start the 100/80? Always at fixed time?
- do you close at fixed time each day or do you sometimes let it run longer?

Im asking because I had very different results during demo testing; some pairs did not move outside 100 and some crazed over 300 (EURJPY), so did not know what to do.
  • #442
  • Nov 22, 2008 5:53am Nov 22, 2008 5:53am
Quoting FrostCall
Putting current DD, potential DD and margin in use in the EA is a neat idea. I'll work on it.
This would be a nice addition to these EA's. Can you program something that would show what the max. margin used was? Thank you FrostCall.
  • #443
  • Nov 22, 2008 6:00am Nov 22, 2008 6:00am
Quoting keramikus
I would like to ask for some pointers:
- at what time/session do you guys start the 100/80? Always at fixed time?
- do you close at fixed time each day or do you sometimes let it run longer?

Im asking because I had very different results during demo testing; some pairs did not move outside 100 and some crazed over 300 (EURJPY), so did not know what to do.
Good question but it has a major problem. If we knew when the market was going to move and how far and when we wouldnt need an EA and we all would get rich. The market moves when it moves. However, to give you the best answer I can. You start before a major session and there are 3. The JPY session, Euro session and the USA session. I live in China so I use the JPY session to open and many days close before the USA session. I do this not because of strategy but because those are my hours. The EA is designed to handle all but the most extreme moves of the market. But if you want to play the USA session it would be best to start the session with the full protection of the range of the EA and then if it runs all day in one direction, you can look to the JPY or EURO session for your retracement. If the USA session moves in one direction and then retraces during the afternoon then you close around the close of the USA session.

However, after saying all that I design this EA to last all day within a 800 pip range. It is rare for any currency to go more than that.
  • #444
  • Nov 22, 2008 6:01am Nov 22, 2008 6:01am
OK guys, my new EA I took home 900 dollars on in 4 weeks is posted here. See ya later.

http://www.forexfactory.com/showthre...=1#post2369387
  • #445
  • Nov 24, 2008 7:23am Nov 24, 2008 7:23am
Hi all,

Been trading this for a few days now and everything is going great, except for one thing I've noticed. For some or other reason the EA seems to arbitrarily close some trades in the middle of nowhere, some for a small profit ro small loss. Can't really seem to find a pattern to it.

Anybody else getting this?
"The market giveth and the market taketh away"
  • #446
  • Nov 24, 2008 1:03pm Nov 24, 2008 1:03pm
Quoting urbanFX
Hi all,

Been trading this for a few days now and everything is going great, except for one thing I've noticed. For some or other reason the EA seems to arbitrarily close some trades in the middle of nowhere, some for a small profit ro small loss. Can't really seem to find a pattern to it.

Anybody else getting this?
ive seen a little bit of this, who knows....

also eurjpy hit me hard during the sleep last night during the US session
Grabbing the bull by the horns!
  • #447
  • Nov 24, 2008 1:13pm Nov 24, 2008 1:13pm
Yes, I'm getting the same thing. I have stock settings of 100x80, but some trades are closed out at minus 50 pips, 57 pips, 35 pips. Glad you brought it up. Must be some sort of glitch in the EA.

Quoting urbanFX
Hi all,

Been trading this for a few days now and everything is going great, except for one thing I've noticed. For some or other reason the EA seems to arbitrarily close some trades in the middle of nowhere, some for a small profit ro small loss. Can't really seem to find a pattern to it.

Anybody else getting this?
  • #448
  • Nov 24, 2008 1:48pm Nov 24, 2008 1:48pm
The EA is designed to close ALL trades when any of the other trades close. So, if one of the trades hit's a TakeProfit, it closes ALL trades. If one of the trades hits a Stop Loss, it closes ALL trades. So, in the example below, if the 100x80 was stretched to it's max of 10 trades, and the 10th trade made the retrace and hit the TakeProfit of 100 pips, you would have the following:

Trade 0.01 -6.2
Trade 0.02 -10.8
Trade 0.04 -18.4
Trade 0.08 -30.4

etc... (See attached Image for the full count).

The idea is that you are still making a profit when the largest one closes. Again, whenever any trade is closed, they all close. So, if YOU close a trade, the EA will automatically close all of the rest (so be careful with your interventions).

Does this explain it?
Attached Image
  • #449
  • Nov 24, 2008 1:52pm Nov 24, 2008 1:52pm
Just to add more from the last post:

The way this EA is designed, if you are 3 trades or more deep, then there will be at least 1 trade that closes in the negative. This is why the EA is designed to multiply each trade. As you can see from the Settings Finder, each new trade (level) is great enough to cover all of the negative trades and still make a profit. Try this out for yourself by changing the 'MaxTrades' setting from 1, to 2, to 3, to 4, to 5, to 6, to 7, to 8, to 9, then to 10. You will see that at each level, the final trade (or two or three trades) make up for all of the losses and you come out ahead. But whenever they close, there will always be negative trades if you are more than 3 trades (levels) deep. This is due to new trades opening every 80 pips. Simple math.
  • #450
  • Nov 24, 2008 2:53pm Nov 24, 2008 2:53pm
Quoting paradoxical
Yes, I'm getting the same thing. I have stock settings of 100x80, but some trades are closed out at minus 50 pips, 57 pips, 35 pips. Glad you brought it up. Must be some sort of glitch in the EA.
It isn't a bug, its a feature.

Sorry, I've always wanted to say that.
haha, anyway... the EA is designed to close out all trades whenever one of the trades it closed. If you are more than 3 trades deep some will close in negative, that is the way it was designed.
  • #451
  • Nov 24, 2008 5:12pm Nov 24, 2008 5:12pm
Just thought I would let you know I tried a demo at 2000 dollars at .10 lots and it could not provide enough margin to handle 20 trades at once. I will be testing .05 next. I did successfully use 3000 dollars at .10 but 2000 doesnt have enough. If I drop the gbp/jpy it probably would have handled it but I love trading that beast. It is a great winner ........... er and loser too. I am off to Hong Kong this week so I wont be submitting any comments this week.
  • #452
  • Nov 24, 2008 7:06pm Nov 24, 2008 7:06pm
Quoting nanningbob
Just thought I would let you know I tried a demo at 2000 dollars at .10 lots and it could not provide enough margin to handle 20 trades at once. I will be testing .05 next. I did successfully use 3000 dollars at .10 but 2000 doesnt have enough. If I drop the gbp/jpy it probably would have handled it but I love trading that beast. It is a great winner ........... er and loser too. I am off to Hong Kong this week so I wont be submitting any comments this week.
my demo starting with $3000 trading dimes intially blew up this morning. The EURJPY ruined me overnight during the US session... got to like 6.4 mini lots deep.... im gonna try $1000 at pennies to replicate what i may start with live, then go to 0.02 once i hit $3000 then up 1cent every $1000
Grabbing the bull by the horns!
  • #453
  • Nov 24, 2008 8:51pm Nov 24, 2008 8:51pm
Same here. As I reported in my thread, I got OWNED by the EURJPY. I'm down to around $70 in the account now. I'll probably keep this account going and testing it with some smaller settings and open a new one with a few grand to run the larger movers on.
  • #454
  • Nov 24, 2008 9:24pm Nov 24, 2008 9:24pm
Thanks for your answer(s) Frost. Very impressed with this EA. Currently going .03 using 7 of the safer pairs. The account up almost $200.00 today with a $300.00 drawdown earlier. There was quite a bit of trending earlier, too, so the drawdown not that bad at all, considering. Thinking of going live, and putting a global stop of about $600.00 That way I won't get margined out even if there was a major trend going on.
Quoting FrostCall
Just to add more from the last post:

The way this EA is designed, if you are 3 trades or more deep, then there will be at least 1 trade that closes in the negative. This is why the EA is designed to multiply each trade. As you can see from the Settings Finder, each new trade (level) is great enough to cover all of the negative trades and still make a profit. Try this out for yourself by changing the 'MaxTrades' setting from 1, to 2, to 3, to 4, to 5, to 6, to 7, to 8, to 9, then to 10. You will see that at each level, the final trade (or two or...
  • #455
  • Edited 3:57am Nov 26, 2008 3:40am | Edited 3:57am
So far so good; EA with 12 pairs at lot=0.01 as specified in post 1 started on 6 Nov 2008 with $3K equity running continuously; Profit $1674 with Max DD 4.27%
  • #456
  • Nov 27, 2008 2:26am Nov 27, 2008 2:26am
Quoting ronaldosim
So far so good; EA with 12 pairs at lot=0.01 as specified in post 1 started on 6 Nov 2008 with $3K equity running continuously; Profit $1674 with Max DD 4.27%
i hope thats live
Grabbing the bull by the horns!
  • #457
  • Nov 27, 2008 3:34pm Nov 27, 2008 3:34pm
Hi all...

This is a good system, but I think is only good with 12 pairs running...

I tried 4 pairs and it was always on a lose...
I tried 6 pairs the same.
I tried 8 pairs the same.

very interersting...

no settings were changed...

Cheers
  • #458
  • Nov 27, 2008 4:22pm Nov 27, 2008 4:22pm
Quoting Fx-Seer
Hi all...

This is a good system, but I think is only good with 12 pairs running...

I tried 4 pairs and it was always on a lose...
I tried 6 pairs the same.
I tried 8 pairs the same.

very interersting...

no settings were changed...

Cheers
what 12 are they?

im running 10.. cant remember them off the top of my head tho..
Grabbing the bull by the horns!
  • #459
  • Nov 28, 2008 12:34am Nov 28, 2008 12:34am
Quoting Fx-Seer
Hi all...

This is a good system, but I think is only good with 12 pairs running...

I tried 4 pairs and it was always on a lose...
I tried 6 pairs the same.
I tried 8 pairs the same.

very interersting...

no settings were changed...

Cheers
each pair has its own EA n are independent ; its just how volatile the pair is ie whether it runs more than 800 pips range in a day
  • #460
  • Nov 28, 2008 5:33pm Nov 28, 2008 5:33pm
each pair has a diferent EA? Is that right? Did not know that... I have only seen 1 EA for all pairs.
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