I'm trading 16 pairs at .05-.06 lots,4L, on $1000 this week. I eliminated EUR/GBP,AUD/USD,USD/SGD,AUD/CHF,EUR/AUD and EUR/NZD from Bobs original list of 22 pairs in the manual. I"ve moved each pair down one TF ( 1H to 30M, 30Mto 15M, 15M to 5M and 5M to 1M). Account is up 8% in first day of running. One 3L trade today in the GBP/ JPY but it took care of itself.
- #302
- Feb 9, 2009 9:16pm Feb 9, 2009 9:16pm
- | Joined Oct 2008 | Status: Trader | 1,080 Posts
thanks for the reply. i have a 5 digit broker so this is what the code looks like:
extern int Pips= 600; // Distance in Pips from one order to another
so from what i understand when price first moves 60 pips (or 600 pipettes) away from the 80 period LWMA it will initiate an order. if my thinking is correct it's odd that at least the first level doesn't match up
maybe i'm just confused about something...
ie go right to the bottom of the code where it has the variances and make sure its working off the right timeframe and you have the correct number away from the 80MA...
Grabbing the bull by the horns!
- #303
- Feb 9, 2009 9:24pm Feb 9, 2009 9:24pm
- | Joined Oct 2008 | Status: Trader | 1,080 Posts
Grabbing the bull by the horns!
- #305
- Feb 9, 2009 10:07pm Feb 9, 2009 10:07pm
- | Joined Oct 2008 | Status: Trader | 1,080 Posts
Grabbing the bull by the horns!
- #306
- Feb 9, 2009 10:13pm Feb 9, 2009 10:13pm
- | Joined Oct 2008 | Status: Trader | 1,080 Posts
Grabbing the bull by the horns!
- #307
- Feb 9, 2009 10:18pm Feb 9, 2009 10:18pm
- Joined Jun 2007 | Status: Teach men to fish | 7,384 Posts
Lets see if I can help.
The only thing that matters is the Var number. That is the number that puts you on a time frame. Var3 is 5M, var4 is 15M, and so on. In that Var line is the MA number. You can change the MA buy changing that number.
Var3 = iMA(NULL, PERIOD_M5, 80, 1, MODE_LWMA, PRICE_MEDIAN, 0);
1. Var3 is your variable
What is the variable iMA= moving average
(null, you can put a specific currency pair here. if you type in EURUSD it will only work on the eurusd currency pair. Null lets you trade any pair
Period is the time period you want the EA to use to make its calculations. If you put null or 0 (dont remember) here it will work on any time frame. If you ever change TF the EA will change also.
80 is the MA,
1 is the shift to the future, 1 bar, 2 bars etc.
Mode_LWMA is the mathematical formula to figure the MA, you can use simple, exponential etc.
Price, do you want the MA to based on the High, low, etc. I use Median of the high and low
0 is how many bars back from the present price, do you want the EA to use the present bar 0 the last bar 1 or two bars ago 2 etc.
The other important number is the trade formula:
//Sell order
if( Bid > Var3+(90*Point))
{
myOrderType=1;//SELL
So here is your logic: if the Bid price is greater than the Var3 (explained above) plus 90 pips above that point on the MA (var3) you will do a sell.
The buy order is the opposite.
Have fun understanding it.
The only thing that matters is the Var number. That is the number that puts you on a time frame. Var3 is 5M, var4 is 15M, and so on. In that Var line is the MA number. You can change the MA buy changing that number.
Var3 = iMA(NULL, PERIOD_M5, 80, 1, MODE_LWMA, PRICE_MEDIAN, 0);
1. Var3 is your variable
What is the variable iMA= moving average
(null, you can put a specific currency pair here. if you type in EURUSD it will only work on the eurusd currency pair. Null lets you trade any pair
Period is the time period you want the EA to use to make its calculations. If you put null or 0 (dont remember) here it will work on any time frame. If you ever change TF the EA will change also.
80 is the MA,
1 is the shift to the future, 1 bar, 2 bars etc.
Mode_LWMA is the mathematical formula to figure the MA, you can use simple, exponential etc.
Price, do you want the MA to based on the High, low, etc. I use Median of the high and low
0 is how many bars back from the present price, do you want the EA to use the present bar 0 the last bar 1 or two bars ago 2 etc.
The other important number is the trade formula:
//Sell order
if( Bid > Var3+(90*Point))
{
myOrderType=1;//SELL
So here is your logic: if the Bid price is greater than the Var3 (explained above) plus 90 pips above that point on the MA (var3) you will do a sell.
The buy order is the opposite.
Have fun understanding it.
- #309
- Feb 9, 2009 10:25pm Feb 9, 2009 10:25pm
- Joined Jun 2007 | Status: Teach men to fish | 7,384 Posts
- #310
- Feb 9, 2009 10:26pm Feb 9, 2009 10:26pm
- Joined Jun 2007 | Status: Teach men to fish | 7,384 Posts
- #313
- Feb 9, 2009 10:40pm Feb 9, 2009 10:40pm
- Joined Jun 2007 | Status: Teach men to fish | 7,384 Posts
- #314
- Feb 9, 2009 10:42pm Feb 9, 2009 10:42pm
- Joined Jun 2007 | Status: Teach men to fish | 7,384 Posts