The EA that destroyed the broker | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Broker Challenge "NDD/STP" vs. True "ECN" and "Mkt Mkr" broker talk 46 replies

Reliable Broker with nano lot, micro lot broker, leverage 1:400, 1:500 35 replies

A Fx Broker Needed Because No Broker Allowed* In Malaysia 26 replies

The Best Broker to become an Introducing broker for? 0 replies

45% world's wealth destroyed 31 replies

Attachments: The EA that destroyed the broker
Exit Attachments

The EA that destroyed the broker

  • #21
  • Dec 10, 2008 1:09am Dec 10, 2008 1:09am
Quoting rbrtsha
any reason this ea wouldnt work on ibfx platform?
It's working on my demo IBFX but results are poor until now. It seems it's moving the SL a bit too fast.

It help reducing the losses (they are very very low) but prevent the gain.
  • #22
  • Dec 10, 2008 3:51am Dec 10, 2008 3:51am
Well using a sl of 4 pips (and a brokers' spread of 2 pips) you just get stopped out due to the noise. This doesn't happen in backtests but in forward tests and is a problem for all scalping EAs.
  • #23
  • Dec 10, 2008 6:03am Dec 10, 2008 6:03am
Quoting Xaron
Well using a sl of 4 pips (and a brokers' spread of 2 pips) you just get stopped out due to the noise. This doesn't happen in backtests but in forward tests and is a problem for all scalping EAs.
Just set the extern int UseFastTrail=0;
and you will have a regular trail!!!
ps. Today I started the "fresh" 500 usd account, and I will run this ea live 24/7,
and post updates here!
This test will help me to edit variables more adapted to live (real) price stream,
and we will see of what this ea is made off.
Regards
forexflash
  • #24
  • Dec 10, 2008 6:07am Dec 10, 2008 6:07am
Nothing but a long string of losers, so far, with very few winners.
Basically treading water, while the account drops a little after
each trade.
  • #25
  • Dec 10, 2008 8:09am Dec 10, 2008 8:09am
I backtested with your inputs and the results were horrible.......blew up the account with all settings that I tested. Fast trail or not, doesn't work. I don't think the brokers will be very worried about this one.
  • #26
  • Dec 10, 2008 8:34am Dec 10, 2008 8:34am
Quoting sergiu
That's what is wrong with this forum. Anyone with a keyboard gets an idea and comes here stating it like it is a fact. Everyone that has been at this for a few months think that they know it all and feel the need to sound important...
I was reffering to this thread started by FOREXflash where he clearly states that scalping does not work. Then a couple days latrer he comes with a scalping EA and acts like its the best strategy since sliced bread. Makes you think that most people arround here don't have a clue and just regargitate whatever comes in their heads, without taking the time to think...
Stubbornly persistent
  • #27
  • Dec 10, 2008 8:47am Dec 10, 2008 8:47am
The first words of this thread are.....

Looool.....Im probably mising something cos this is to good to be true!
You need to read first before sending a stupid remark!!!
forexflash
  • #28
  • Dec 10, 2008 12:45pm Dec 10, 2008 12:45pm
Quoting FOREXflash
The first words of this thread are.....

Looool.....Im probably mising something cos this is to good to be true!
You need to read first before sending a stupid remark!!!
This is a clear warning...

Let the booers boo all they want. You share some work for nothing and you will allways find lame critics... Best thing is to ignore it

Yet, the big difference between the forward test and the backtest might be due to a bug or to an improper backtest with the strategy used. Without disclosing the MQ4 file, can you give us some info about the strategy ?

Also, have you tried to implement a limit hour to your EA. It might be good only at some hours or the day and not for others.
  • #29
  • Edited 1:27pm Dec 10, 2008 1:17pm | Edited 1:27pm
Last few hours of live testing the ea.......
DEFAULT SETTINGS USED
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 590 KB
forexflash
  • #30
  • Edited 3:13pm Dec 10, 2008 1:37pm | Edited 3:13pm
This is a trading logic of ea:



if (High[1]<=High[2] && Low[1]>=Low[2] && Close[1]<=Open[1])
{Black_insider=1;}else {Black_insider=0;}

if (High[1]<=High[2] && Low[1]>=Low[2] && Close[1]>Open[1])
{White_insider=1;}else {White_insider=0;}

if (White_insider==1 && Close[2]>Open[2])
{White_bird=1;}else {White_bird=0;}

if (Black_insider==1 && Close[2]<Open[2])
{Black_bird=1;}else {Black_bird=0;}


if (Open[1]<Close[1])
{Zig_level_buy=(Close[1]-(Close[1]-Open[1])/3);}//White
else
{Zig_level_buy=(Close[1]-(Close[1]-Low[1])/3);}//Black

if (Open[1]>Close[1])
{Zig_level_sell=(Close[1]+(Open[1]-Close[1])/3);}//Black
else
{Zig_level_sell=(Close[1]+(High[1]-Close[1])/3);}//White


if ( ((Low[0]<=Zig_level_buy) || (Hour()>=StartHour))
&&(Black_bird==0) && (White_insider==0))
{Confirm_buy=1;}else{Confirm_buy=0;}

if ( ((High[0]>=Zig_level_sell) || (Hour()>=StartHour))
&& (White_bird==0) && (Black_insider==0))
{Confirm_sell=1;}else{Confirm_sell=0;}
forexflash
  • #31
  • Dec 10, 2008 1:43pm Dec 10, 2008 1:43pm
I already tried to add some indis like macd, lagguere, ma cross, but
that only means less number of trades(smaller profit), and the number
of wining trades didnt changed so much, so I know that indicators
dont make a difference(nor the time limiting).

Orest, long time no see.....how is the t101 method going!???
forexflash
  • #32
  • Dec 10, 2008 3:10pm Dec 10, 2008 3:10pm
what is the purpose of the first 2 paragraphs as they dont seem to be mentioned again in the rest of the logic ?
  • #33
  • Edited 3:32pm Dec 10, 2008 3:14pm | Edited 3:32pm
Quoting mt41969
what is the purpose of the first 2 paragraphs as they dont seem to be mentioned again in the rest of the logic ?
You are right, the are leftovers from the code....sorry...i deleted them
forexflash
  • #34
  • Dec 10, 2008 3:29pm Dec 10, 2008 3:29pm
i made the trail adjustment and changed hidden sl to compensate for spread and metatrader crahses every time after ea installed...any suggestions would be appreciated........
  • #35
  • Dec 10, 2008 3:44pm Dec 10, 2008 3:44pm
Quoting rbrtsha
i made the trail adjustment and changed hidden sl to compensate for spread and metatrader crahses every time after ea installed...any suggestions would be appreciated........
Are you on a IBfx "mini" account? I got it to work on a IBfx Standard account but it crashed my mini.
maybe has something to do with it but not really sure.
  • #36
  • Dec 10, 2008 4:11pm Dec 10, 2008 4:11pm
My Alpari standard account crashed and it won't start up anymore.

but my other Alpari account still works with the EA
  • #37
  • Dec 10, 2008 4:19pm Dec 10, 2008 4:19pm
I am running the EA on an demo IBFX mini account. I have it on a 1 minute chart and it is not crashing my platform. I changed the values for 4 digits. It is not profitable at the moment but my FxPro account is not either.
I have noticed that the trailing stop feature does not work properly on my IBFX mini account. I set the TS to 2. I've tried settings of 0 and 1 for the fast trail. The hidden SL and TP work OK.
  • #38
  • Dec 10, 2008 4:20pm Dec 10, 2008 4:20pm
it was demo and tried on my live mini to see what would happen and it also crashed
  • #39
  • Dec 10, 2008 4:23pm Dec 10, 2008 4:23pm
Quoting rbrtsha
it was demo and tried on my live mini to see what would happen and it also crashed
What type of error did your Journal and Experts logs show? What time frame chart?
  • #40
  • Dec 10, 2008 5:07pm Dec 10, 2008 5:07pm
Quoting nvwine
What type of error did your Journal and Experts logs show? What time frame chart?
i will open up platform and then attach to eur/usd 1min chart after i change ts tp/sl and then about 1 minute after its attched a window comes up and says metatrader crashed and as soon as i close the window it shuts down metatrader and i have to open it back up
0 traders viewing now