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  • #61
  • Dec 9, 2008 6:40pm Dec 9, 2008 6:40pm
so far so good. We have still not taken a loss and over the last 3 days we have gained 1500 pips on my count.

Please remember to keep your risk very low. No less then $.01 per $100 account balance, but maybe even a little less than that. Give it room to breeth and I think you will do fine.

Keep your profits in the range and win during the trend.....it appears to be doing just that.

FYI: EA 1.6 is working perfectly on IBFX for anyone interested on doing some testing and maybe to help in any tweaking we can do to make it better...make sure to give a kudus to smjones for putting it together for us

Kind Regards...damonl
"Keep your eyes on the helpers" - Mr. Rogers
  • #62
  • Dec 9, 2008 7:20pm Dec 9, 2008 7:20pm
This is a curiosity question, but outside of the default settings for the EA, has anyone tweeked them at all? If so what are your settings?
  • #63
  • Dec 10, 2008 3:01am Dec 10, 2008 3:01am
Quoting smjones
I don't know how to fix your digit problem. I made this for the OP and he is using IBFX so do I, so I did not concern myself with the extra digit some brokers tack on. I don't even know why they do this. Perhaps someone else knows. I put the ordering in a seperate function so it is easy to see the logic.

on another note, I found a small bug in the failsafe close pending reutine and have fixed in this version 1.6.

The bug does not effect the way the EA operates, with the exception of using the closePendingNow. this version takes care of that....
Hi smjones, thanks for your EA sharing, it is very useful to determine this system.

Keep trying this system, we could make it better.

And damonl, thanks for your system, could you share us your results over the last 3 days by this EA? Thanks~
  • #64
  • Dec 10, 2008 4:31am Dec 10, 2008 4:31am
Quoting Ike Wang
And damonl, thanks for your system, could you share us your results over the last 3 days by this EA? Thanks~
See post 61 above.
  • #65
  • Dec 10, 2008 5:39pm Dec 10, 2008 5:39pm
Quoting DETrader
This is a curiosity question, but outside of the default settings for the EA, has anyone tweeked them at all? If so what are your settings?
Hey DETrader...I have not varied from the default settings. Please let us know your results if you do.
"Keep your eyes on the helpers" - Mr. Rogers
  • #66
  • Dec 10, 2008 10:21pm Dec 10, 2008 10:21pm
Seems like a very promising system. I'm testing the EA at the moment but still needs a lot more info...Thanks demonl...

Can you guys post some more graphs...thx...
  • #67
  • Edited 4:14am Dec 11, 2008 1:40am | Edited 4:14am
[quote=mellow;2410857]...Thanks demonl...

i believe that was a misstype.. he-he..

anyway, mr. damonl..
Lately i'm doing it a little bit different... i only set stop orders on one direction, i don't placed it when it turn back (ss at first direction after bypassing alli.. i dont set ss when its going backdown while alli is still way under...vise-versa), and i don't put orders when it's lining with the alli... sure miss more trade but i found that minimizing minus float a lot

I haven't test it quiet often yet, but what'd you say about it...

Thanks in advance
Regards,
RaR
  • #68
  • Dec 11, 2008 5:39pm Dec 11, 2008 5:39pm
I have been doing a lot of monitoring and if Scott, you are still around I think I have found a way to accomplish the following things....

1. Reduce drawdown substantially
2. Increase t/p substantially

A win/win for all using this EA, but it will need some minor adjustments to the coding.

I took a look at the using the AO, but there are some things I don't like about it, so I started comparing it to some things and came across something I like even better. The Slope Direction Line
Attached File(s)
File Type: mq4 Slope Direction Line.mq4   4 KB | 247 downloads
. Settings 13,3

What I like better about the slope direction line over the AO is that it is quicker to realize that it made a mistake and move back with the trend, where as the AO can take up to 4 bars to realize the trend kept going and didn't reverse as expected.

So Scott, if you have a chance and wouldn't mind, I think these would be some new parameters.

 

  1. Add the "Slope Direction Line" as option 3
  2. settings default to 13,3
  3. When red, place sell orders and when blue place long orders
  4. After trade has close, continuos only on reversal color direction

Hopefully you are around and wouldn't mind helping us out with this.

Thanks much....damonl

"Keep your eyes on the helpers" - Mr. Rogers
  • #69
  • Dec 11, 2008 5:40pm Dec 11, 2008 5:40pm
[quote=RaR;2411192]
Quoting mellow:)
...Thanks demonl...

i believe that was a misstype.. he-he..

anyway, mr. damonl..
Lately i'm doing it a little bit different... i only set stop orders on one direction, i don't placed it when it turn back (ss at first direction after bypassing alli.. i dont set ss when its going backdown while alli is still way under...vise-versa), and i don't put orders when it's lining with the alli... sure miss more trade but i found that minimizing minus float a lot

I haven't test it quiet often yet, but what'd you say about it......
Yes.....i hope that i have addressed this in the post above
"Keep your eyes on the helpers" - Mr. Rogers
  • #70
  • Dec 14, 2008 10:56pm Dec 14, 2008 10:56pm
sir , can u MOD ur EA to auto delete all SS, SB, OP when hit target 200pip.

Quoting smjones
I don't know how to fix your digit problem. I made this for the OP and he is using IBFX so do I, so I did not concern myself with the extra digit some brokers tack on. I don't even know why they do this. Perhaps someone else knows. I put the ordering in a seperate function so it is easy to see the logic.

on another note, I found a small bug in the failsafe close pending reutine and have fixed in this version 1.6.

The bug does not effect the way the EA operates, with the exception of using the closePendingNow. this version takes care of that....
  • #71
  • Dec 15, 2008 1:07am Dec 15, 2008 1:07am
Quoting ninpojutsu
Hello!
This system is very interesting, but I think we have to be explained better.
You can display a graphic on the alligator and mark where we have to sell or buy, and it?
Should be better explained I think we can empower more people with this system.
Great work!

I would like to thank the poster for sharing his strategy and ask any one who understand this system well to explain it to us by IMAGE.
i am full agree with you ninpojutsu

Thanx in Advance.
Never sell @ lower upward channel unless breacked and vise versa .
  • #72
  • Dec 15, 2008 2:17am Dec 15, 2008 2:17am
Quoting damonl
I will work on that for you my friend, but if you put your 'mouse' on the teeth of the alligator every bar, you will see that it has a value. This is the value you use compared to the value of the teeth on the last closed bar to determine your trade direction.

Just been home an hour from work, and so give me a little time please
Hi i very interest in this system but i still not understand how to use it can u show in grap?(sry cos i still new in forex)
  • #73
  • Dec 15, 2008 5:24am Dec 15, 2008 5:24am
Quoting wishstar
Hi i very interest in this system but i still not understand how to use it can u show in grap?(sry cos i still new in forex)

Is this what you mean..?

http://i34.tinypic.com/zl9kbo.png
  • #74
  • Dec 15, 2008 8:54am Dec 15, 2008 8:54am
Any1 got try the EA?it work or not?cos i not so understand how to manually entry this system so hope the EA will work for me.
  • #75
  • Dec 15, 2008 9:29am Dec 15, 2008 9:29am
please be careful trading this around the holidays when volume is really low and market is likely to be ranging.
"Keep your eyes on the helpers" - Mr. Rogers
  • #76
  • Dec 15, 2008 1:13pm Dec 15, 2008 1:13pm
Demo EA v1.6 on Fxpro with default setting. Last two trades lost max SL $1000 each time.

damonl, what's the setting for the gator, I am using the default setting.
Attached Image (click to enlarge)
Click to Enlarge Name: ltfgs2.gif Size: 78 KB
  • #77
  • Dec 15, 2008 5:57pm Dec 15, 2008 5:57pm
lol lose so many!!!!!!So mean this EA is not working?
  • #78
  • Dec 15, 2008 6:15pm Dec 15, 2008 6:15pm
Quoting fxtrader2k7
Demo EA v1.6 on Fxpro with default setting. Last two trades lost max SL $1000 each time.

damonl, what's the setting for the gator, I am using the default setting.
The settings for the AO are really programmed already and set. I don't thing there is any changing those.

I think that using the Slope Direction Line is the way to trade this, but we need to have it programmed in to the EA to properly test it. Maybe someone will come along who can modify this one, but we will see.

There really is a lot of drawdown with the system, however I have never hit the fail safe as you have twicem, which means that you were risking more per trade than you should.
"Keep your eyes on the helpers" - Mr. Rogers
  • #79
  • Dec 15, 2008 8:25pm Dec 15, 2008 8:25pm
Quoting damonl
The settings for the AO are really programmed already and set. I don't thing there is any changing those.

I think that using the Slope Direction Line is the way to trade this, but we need to have it programmed in to the EA to properly test it. Maybe someone will come along who can modify this one, but we will see.

There really is a lot of drawdown with the system, however I have never hit the fail safe as you have twicem, which means that you were risking more per trade than you should.
I really hope some1 can really make a perfect EA for this system,cos i still dont get it how this system set.
  • #80
  • Edited Dec 16, 2008 1:38am Dec 15, 2008 9:31pm | Edited Dec 16, 2008 1:38am
Quoting fxtrader2k7
Demo EA v1.6 on Fxpro with default setting. Last two trades lost max SL $1000 each time.

damonl, what's the setting for the gator, I am using the default setting.
default it is.

your trade showing what i mean in my post #67 page 5.

You might consider not to put BS on bullish trend.. vise-versa.

btw... where were the buys came from??... the teeth were always under and lower at that time... was the EA done that?.. putting buystop when teeth is lower?... i'm not sure


Cheers,
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