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Daily Scalping EA - Discussion Thread

  • #41
  • Mar 15, 2007 3:49pm Mar 15, 2007 3:49pm
Skyline,

I wanted to say thanks for considering ATR and also for your efforts here. I'm really curious if this will improve the performance. I've been trying ATR on G/J and looks nice. We could drop the daily trades to 2 or 3 with this filter with some safety. I'll be waiting to test.

Thanks again.
  • #42
  • Mar 15, 2007 5:19pm Mar 15, 2007 5:19pm
I was also thinking a percentage of ATR for SL and TP rather than a fixed number of pips each day because daily ranges change. 40 pips may be good today, but when the range increases, you will probably get stoped out alot at 40.

Mike
  • #43
  • Mar 15, 2007 7:05pm Mar 15, 2007 7:05pm
I tell ya what. I sent the ATR version of G to skyline for his review, but I havent had any problems YET. So I will post ATR-V-G for you to play with until Skyline posts his. It uses the daily ATR value from the previous day. The period is settable as is the precentage of the ATR for SL/TP/BE. My suggestion would be to optomize the set amount version and compare results with the ATR version. I do like the ATR but what I dont like is I just dont know how much I am risking per day. If I have a 40 SL i know I can limit to 2-3 trades and know a worst case, but with ATR you just dont.

The trailing stop is a SAR stop, and will usually kill the account so I would just leave it alone.
Attached File(s)
File Type: mq4 Daily Scalping EA v1.0GATR.mq4   20 KB | 1,192 downloads
  • #44
  • Mar 15, 2007 7:13pm Mar 15, 2007 7:13pm
I loaded 3g today for the first time. Looks like if the trade hits stop loss, it doesn't reverse the direction of the trade. (e.g. if long, hit stop loss, go short). Version 3f did it fine.

Also, I have it running on 9 pairs and it's closing blocks of trades at a time. Anyone else see that? Maybe I'll go back to 3f and see if it has that problem.
Mike

Quoting skyline
ChangeLog
v1.0g [13 Mar 2007]
+ Fixed error that prevent the EA to reverse correctly the trade if first order hit SL
+ Fixed error that prevent to use SL = 0 (Thanks to Mlollar)

Download Link
http://www.divshare.com/download/225032-79c
  • #45
  • Mar 15, 2007 7:29pm Mar 15, 2007 7:29pm
Why not use a % of ATR as the stop also? So for SL you could use 25% and TP use 75%. Using SAR kind of gets away from the original intent of the strategy doesn't it?

Mike

Quoting C.E.O.
I tell ya what. I sent the ATR version of G to skyline for his review, but I havent had any problems YET. So I will post ATR-V-G for you to play with until Skyline posts his. It uses the daily ATR value from the previous day. The period is settable as is the precentage of the ATR for SL/TP/BE. My suggestion would be to optomize the set amount version and compare results with the ATR version. I do like the ATR but what I dont like is I just dont know how much I am risking per day. If I have a 40 SL i know I can limit to 2-3 trades and know a worst case, but with ATR you just dont.

The trailing stop is a SAR stop, and will usually kill the account so I would just leave it alone.
  • #46
  • Mar 15, 2007 7:31pm Mar 15, 2007 7:31pm
I'm having trouble getting the EA to work across a number of currency pairs. I attach it to the H1 of the first pair and start it running (ie get a smiley). I then select a second pair and do the same. When I look back to the original pair, the EA appears to be deselected (ie smiley gone replaced by 'x').

Is there a guide to setting this up?
  • #47
  • Mar 15, 2007 9:35pm Mar 15, 2007 9:35pm
Quoting mlollar
Why not use a % of ATR as the stop also? So for SL you could use 25% and TP use 75%. Using SAR kind of gets away from the original intent of the strategy doesn't it?

Mike
extern double ATR_Period = 6;
extern double StopLoss_ATR = 0.7;
extern double TakeProfit_ATR = 0.7;
extern double BreakEvenAfterPips_ATR = 0.7;

Uhhhhh, it is
.7 is 70% of the ATR period, the period is how many days to look back, just like the ATR indicator.
The whole strategy is based on a stop and reverse so I have no idea what you are talking about unless you mean the trail. If thats it, I just put it in there to try, but it doesnt work well.

Also here is ver F just in case G has the same problems as mentioned above.
Attached File(s)
File Type: mq4 Daily Scalping EA v1.0fATR.mq4   20 KB | 916 downloads
  • #48
  • Mar 15, 2007 11:49pm Mar 15, 2007 11:49pm
Yeah, I was refering to the trailing stop being SAR. I didn't realize it was for the trailing until I reread after my post. I understand how you are using ATR. As far as SAR not part of the strategy, I was referring to the original intent of the stop being less than the TP, and SAR doesn't do that for you.
Thanks,
Mike


Quoting C.E.O.
extern double ATR_Period = 6;
extern double StopLoss_ATR = 0.7;
extern double TakeProfit_ATR = 0.7;
extern double BreakEvenAfterPips_ATR = 0.7;

Uhhhhh, it is
.7 is 70% of the ATR period, the period is how many days to look back, just like the ATR indicator.
The whole strategy is based on a stop and reverse so I have no idea what you are talking about unless you mean the trail. If thats it, I just put it in there to try, but it doesnt work well.

Also here is ver F just in case G has the same problems as mentioned above.
  • #49
  • Mar 15, 2007 11:51pm Mar 15, 2007 11:51pm
Make sure you have "Allow Live Trading" checked in the EA properties and "Expert Advisors" button is green on the toolbar. Otherwise, it works for me.

Mike

Quoting uktracker
I'm having trouble getting the EA to work across a number of currency pairs. I attach it to the H1 of the first pair and start it running (ie get a smiley). I then select a second pair and do the same. When I look back to the original pair, the EA appears to be deselected (ie smiley gone replaced by 'x').

Is there a guide to setting this up?
  • #50
  • Mar 16, 2007 9:06am Mar 16, 2007 9:06am
In OrdersLossInDay() line 114 needs to look like this:

if (OrderSymbol()==Symbol() && OrderMagicNumber()==MagicNumber)

This way it counts the number of losses per symbol. Otherwise it is counting the number of losses in a day no matter how many pairs you put it on.


Mike.
  • #51
  • Mar 16, 2007 9:19am Mar 16, 2007 9:19am
Quoting mlollar
In OrdersLossInDay() line 114 needs to look like this:

if (OrderSymbol()==Symbol() && OrderMagicNumber()==MagicNumber)

This way it counts the number of losses per symbol. Otherwise it is counting the number of losses in a day no matter how many pairs you put it on.


Mike.
No Mike, since the MagicNumber is calculate in unique way for each symbol (and timeframe).
As an example let's consider two pairs EURUSD,H1 and GBPUSD,H1 then EA will generate different two MagicNumber let's say 10000 and 20000 so it's enough to have the statement if OrderMagicNumber()==MagicNumber to let EA count its own orders.
Let me know if it's clear my explanation

Cya,
Skyline
  • #52
  • Mar 16, 2007 11:10am Mar 16, 2007 11:10am
Hello, I would like to forward test this EA next week but always confused on what to put with this setting, please help.
GMT_Shift = Your broker shift related to GMT time zone (if it's GMT+3 then put 3 , if GMT-1 then put -1)

How do I know what time my broker is at? I'm in Toronto, Canada which is usually -5GMT, does that really matter? Do I just go to the Brokers website and check their time then check my time and put in the EA whatever +/- hours I need to match my TZ? or is that I put my brokers +/- time according to GMT? Where can I check the GMT time anyway? I don't see SBFX time is on their site.

Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #53
  • Mar 16, 2007 11:15am Mar 16, 2007 11:15am
In the Market Watch window on the left side of the platform, there is a clock ticking. That's the time that your broker is using on the charts. For instance, I'm using InterBank and their time is 0 GMT. So, I leave the setting at 0.

Quoting matrixebiz
Hello, I would like to forward test this EA next week but always confused on what to put with this setting, please help.
GMT_Shift = Your broker shift related to GMT time zone (if it's GMT+3 then put 3 , if GMT-1 then put -1)

How do I know what time my broker is at? I'm in Toronto, Canada which is usually -5GMT, does that really matter? Do I just go to the Brokers website and check their time then check my time and put in the EA whatever +/- hours I need to match my TZ?

Thanks
  • #54
  • Mar 16, 2007 11:20am Mar 16, 2007 11:20am
Quoting Eureka
In the Market Watch window on the left side of the platform, there is a clock ticking. That's the time that your broker is using on the charts. For instance, I'm using InterBank and their time is 0 GMT. So, I leave the setting at 0.
Ok, so with SBFX right now their time is 19:18 but GMT right now is 16:18 so I put -3 in the EA?

Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #55
  • Mar 16, 2007 11:21am Mar 16, 2007 11:21am
Quoting matrixebiz
Hello, I would like to forward test this EA next week but always confused on what to put with this setting, please help.
GMT_Shift = Your broker shift related to GMT time zone (if it's GMT+3 then put 3 , if GMT-1 then put -1)

How do I know what time my broker is at? I'm in Toronto, Canada which is usually -5GMT, does that really matter? Do I just go to the Brokers website and check their time then check my time and put in the EA whatever +/- hours I need to match my TZ? or is that I put my brokers +/- time according to GMT? Where can I check the GMT time anyway? I don't see SBFX time is on their site.

Thanks
Hi Matrixebiz,
it's simple, just look in mt platform of your broker the market watch hour and calculate how much is the shift from gmt using this site http://www.timeanddate.com

http://img147.imageshack.us/img147/5...kerhourfs6.jpg

Skyline
  • #56
  • Mar 16, 2007 11:25am Mar 16, 2007 11:25am
Quoting matrixebiz
Hello, I would like to forward test this EA next week but always confused on what to put with this setting, please help.
GMT_Shift = Your broker shift related to GMT time zone (if it's GMT+3 then put 3 , if GMT-1 then put -1)

How do I know what time my broker is at? I'm in Toronto, Canada which is usually -5GMT, does that really matter? Do I just go to the Brokers website and check their time then check my time and put in the EA whatever +/- hours I need to match my TZ? or is that I put my brokers +/- time according to GMT? Where can I check the GMT time anyway?

Thanks
I don't know if I am right in this, but what I understand as per Daily Method rules, I want the EA to open the 1st trade at first day candle. No matter what the GMT zone it is...So check what (in your local time) your broker opens first candle (mine is 7 PM for instance...I am with MIG, they are swiss and for their 0000 local time represents 7PM for me) so their 1st candle opens 7 PM then I trigger my order at that time (if manual) so I want the EA to do the same..Then in GMT_Shift, I set 0.0
If I am wrong please somebody correct me...but this way is as I am trading this method manually

Hope this helps...

Regards
  • #57
  • Mar 16, 2007 11:28am Mar 16, 2007 11:28am
It looks to me like your broker is 3 hours ahead of GMT, so I would probably put 3 for the shift.

Someone correct me if this is not right.

Quoting matrixebiz
Ok, so with SBFX right now their time is 19:18 but GMT right now is 16:18 so I put -3 in the EA?

Thanks
  • #58
  • Mar 16, 2007 11:33am Mar 16, 2007 11:33am
Quoting Eureka
It looks to me like your broker is 3 hours ahead of GMT, so I would probably put 3 for the shift.

Someone correct me if this is not right.
Yes it's correct.
  • #59
  • Mar 16, 2007 11:34am Mar 16, 2007 11:34am
Quoting toti1972
I don't know if I am right in this, but what I understand as per Daily Method rules, I want the EA to open the 1st trade at first day candle. No matter what the GMT zone it is...So check what (in your local time) your broker opens first candle (mine is 7 PM for instance...I am with MIG, they are swiss and for their 0000 local time represents 7PM for me) so their 1st candle opens 7 PM then I trigger my order at that time (if manual) so I want the EA to do the same..Then in GMT_Shift, I set 0.0
If I am wrong please somebody correct me...but this way is as I am trading this method manually

Hope this helps...

Regards
The original Tkimble's rule states that order must be opened at 00 GMT , this is why I introduced the GMT_Shift, to let EA to open trade accordingly to that rule.

Skyline
  • #60
  • Mar 16, 2007 11:35am Mar 16, 2007 11:35am

Quoting skyline
Yes it's correct.
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