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Daily Scalping EA - Discussion Thread

  • #141
  • Mar 23, 2007 12:35pm Mar 23, 2007 12:35pm
Skyline,

Can you change the comments in the ordersend functions to have the EA name in it rather than just "BUY ORDER"/"SELL ORDER"? It helps when running multiple EAs on an account.

Also, for the function to calculate lots, the following will work better for micro lots (0.01). You will need to create a new external variable:

"extern bool AccountIsMicro = true;"

double LotsOptimized()
{
if(mm==false) return(Lots);
double lot=Lots;
int decimalPlaces=1;

if(AccountIsMicro==true) decimalPlaces=2;
lot=NormalizeDouble(AccountFreeMargin()*TradeSizePercent/1000.0,decimalPlaces);
if(lot<0.1 && AccountIsMicro==false) lot=0.1;
if(lot<0.01 && AccountIsMicro==true) lot=0.01;
if(lot>99) lot=99;
return(lot);
}

Thanks,
Mike
  • #142
  • Mar 23, 2007 1:08pm Mar 23, 2007 1:08pm
Quoting Al_Have1
Skyline, I recently posted that this happened to me too. I found a possible explanation. I have the shift at +2 and hour to close at 23. My thought is it looped open & close over & over in the same direction. At the time, I was thinking that the hour to close didn't have the shift factored in. Hope this helps.
Hey Ai_Have1,

Mine was the same, i bet that is the reason, well done.

Skyline keep up the good work, your EA will be the best i'm sure.

Andy
  • #143
  • Mar 23, 2007 1:23pm Mar 23, 2007 1:23pm
I am happy with this. 1.0F since last Friday.

Started at 6 GMT (shift 6 on IBFX)
two max trades. SL 50, TP 140. shut down at 14.

I am a happy camper.
Attached File(s)
File Type: zip Skydailylate.ZIP   2 KB | 791 downloads
Don Life is expensive, but includes a free trip around the sun.
  • #144
  • Mar 23, 2007 1:43pm Mar 23, 2007 1:43pm
Traderone,

Thanks for posting your statement and settings. Lookin' good!

Carol

Quoting traderone
I am happy with this. 1.0F since last Friday.

Started at 6 GMT (shift 6 on IBFX)
two max trades. SL 50, TP 140. shut down at 14.

I am a happy camper.
  • #145
  • Mar 23, 2007 4:50pm Mar 23, 2007 4:50pm
Quoting mlollar
Skyline,

Can you change the comments in the ordersend functions to have the EA name in it rather than just "BUY ORDER"/"SELL ORDER"? It helps when running multiple EAs on an account.

Also, for the function to calculate lots, the following will work better for micro lots (0.01). You will need to create a new external variable:

"extern bool AccountIsMicro = true;"

double LotsOptimized()
{
if(mm==false) return(Lots);
double lot=Lots;
int decimalPlaces=1;

if(AccountIsMicro==true) decimalPlaces=2;
lot=NormalizeDouble(AccountFreeMargin()*TradeSizePercent/1000.0,decimalPlaces);
if(lot<0.1 && AccountIsMicro==false) lot=0.1;
if(lot<0.01 && AccountIsMicro==true) lot=0.01;
if(lot>99) lot=99;
return(lot);
}

Thanks,
Mike
Ok that's no problem Mike I will add it in next version
  • #146
  • Mar 25, 2007 12:35am Mar 25, 2007 12:35am
Quoting traderone
...Started at 6 GMT (shift 6 on IBFX)
two max trades. SL 50, TP 140. shut down at 14...
Hi Don, your post took me back to some thoughts i had on what "Day" we might trade. What brought you to testing that particular "Day" / Session? Granted there is a lot of random noise during the Asian and at times a reversal around London Open. I realize this thought process throws more into the original than intended, for that i apologize, but there could be some benefit in this line of reasoning.

Quoting skyline
The routine is a standard trailing but I didn't check if it stop and reverse, we have to check this..
On Market open this week i'm going to intentionaly test various TS settings to see if this will be a SAR even once TS is hit upon a possible retracement... Does anyone have any report on this fuction in a live trade situation?

Also, I am wondering if it might be to have a companion thread that would ONLY list daily/weekly setting suggestions. By Daily/Weekly i'm thinking that we could have some data posted that was due to backtesting results or market "mood" etc that would help us optimize the EA's settings for that period of time as the market remains in a similar range/trend status for a given pair... Maybe if this suggestion is reasonable Skyline could begin the companion thread??

What ya think?

Cheers,
Thom

PS, Skyline, thank you for your time and efforts! Also mlollar, great suggestion on the micro lots, there are probably many (like myself) using micro accounts for this.
  • #147
  • Mar 25, 2007 1:31am Mar 25, 2007 1:31am
Here's the entire thread in a single document.

I did this for the Daily Scalper thread too.... you can find it at the end of that thread.

Cheers!

PS) This is to help jumpstart newbies learning how to use the EA....
Attached File(s)
File Type: pdf scalperea.pdf   239 KB | 983 downloads
  • #148
  • Mar 25, 2007 6:52am Mar 25, 2007 6:52am
I am jumping on the bandwagon late here but:

I downloaded the EA and it wouldn't compile.

I looked at the code, and the OrdersHistoryTotal() method is missing. Can anyone help me with this one?

Thanks.
  • #149
  • Mar 25, 2007 7:23am Mar 25, 2007 7:23am
i have the last version of EA

but i cant active it on the expert adviser window

dont start

sommebody can help me
  • #150
  • Mar 25, 2007 2:52pm Mar 25, 2007 2:52pm
I must be a bit thick since i cannot figure out what GMT Shift setting to use. Can someone confirm gmtshift to be set at 0 when using IBFX? Someone mentioned previously that is should be set to 0 but then I got info i should go with the time at the market watch window? The clock there says 20:00:04 in my Metatrader. What GMT shift does that translate to? Also, Im assuming Sunday Candle does not exist on IBFX?
Liberate me ex inferis
  • #151
  • Mar 25, 2007 3:11pm Mar 25, 2007 3:11pm
Quoting Ronyn76
I must be a bit thick since i cannot figure out what GMT Shift setting to use. Can someone confirm gmtshift to be set at 0 when using IBFX? Someone mentioned previously that is should be set to 0 but then I got info i should go with the time at the market watch window? The clock there says 20:00:04 in my Metatrader. What GMT shift does that translate to? Also, Im assuming Sunday Candle does not exist on IBFX?
IBFX's server is set to GMT time. At the time of your post the market watch window would be showing the closing time in GMT from last week. IBFX has a Sunday candle all year long.
  • #152
  • Mar 25, 2007 3:41pm Mar 25, 2007 3:41pm
Quoting tdion
I am jumping on the bandwagon late here but:

I downloaded the EA and it wouldn't compile.

I looked at the code, and the OrdersHistoryTotal() method is missing. Can anyone help me with this one?

Thanks.
Hi tdion,
you have to update your metatrader platform to lastest one build 202
And many thanks for your pdf , I invite all newcomers in this thread to read it

Skyline
  • #153
  • Edited 8:04pm Mar 25, 2007 7:29pm | Edited 8:04pm
Skyline

i start the EA on ibfx
3k

gbpusd and gbpjpy

i report it

muchas gracias
  • #154
  • Mar 25, 2007 10:44pm Mar 25, 2007 10:44pm
The trail is a SAR trail. It kills accounts, dont know why but every backtest done does. I dont believe there is any way to make this a standard trail with the EA programmed the way it is. It would have to place and delete pending orders for it to work, and not use the stoploss signal to reverse orders.

Accrete, when TP is hit it SHOULDNT open a new order until the next day. I also have an ATR version that I sent to skyline and posted earlier in this thread but havent updated. I really cant think of a better way to come up with a daily/weekly setting other than a crystal ball. I have done countless backtests and the results are somewhere but a 40 SL for cable and 50 for guppy always come out as best. The atr version did backtest better, and in some cases much better.

Ultimately I feel a BE, a trail that works as a normal trail, ability to use ATR, and ability to manually override direction should be the ultimate final goal for this EA. However as it stands I am up 1600 pips since 3/1/07 minus a few days due to errors. All with max 2 losses per day. More to follow...
  • #155
  • Mar 26, 2007 2:40am Mar 26, 2007 2:40am
Quoting nvwine
IBFX's server is set to GMT time. At the time of your post the market watch window would be showing the closing time in GMT from last week. IBFX has a Sunday candle all year long.
Thank you! It makes sense to me now.
Liberate me ex inferis
  • #156
  • Mar 26, 2007 8:25am Mar 26, 2007 8:25am
Quoting C.E.O.
The trail is a SAR trail. It kills accounts, dont know why but every backtest done does. I dont believe there is any way to make this a standard trail with the EA programmed the way it is. It would have to place and delete pending orders for it to work, and not use the stoploss signal to reverse orders.

Accrete, when TP is hit it SHOULDNT open a new order until the next day. I also have an ATR version that I sent to skyline and posted earlier in this thread but havent updated. I really cant think of a better way to come up with a daily/weekly setting other than a crystal ball. I have done countless backtests and the results are somewhere but a 40 SL for cable and 50 for guppy always come out as best. The atr version did backtest better, and in some cases much better.

Ultimately I feel a BE, a trail that works as a normal trail, ability to use ATR, and ability to manually override direction should be the ultimate final goal for this EA. However as it stands I am up 1600 pips since 3/1/07 minus a few days due to errors. All with max 2 losses per day. More to follow...
C.E.O

What settings are you using with the Scalper EA to get these results?

I have also given some thought to a BE move instead of a trailing SAR. In the little tessting I have done it appears to take you out of your direction to early though. I will admit my study in this area is not extensive though (only 3-4 weeks of testing).

Thanks for your input.

yezbick
  • #157
  • Mar 26, 2007 8:56am Mar 26, 2007 8:56am
Can anyone post their backtesting results? Do you apply this method to all currency pairs? I am very interested in knowing how this pans out... the method seems a little simple to be an effective winning strategy. How did you determine that if 3 days in a row trade in one direction that it means that the next day is a reversal? Whats the correlation between successive trading days? Seems like each day would have its own independant probability of being up or down (a function of previous events??)... let me know. Thanks.
  • #158
  • Mar 26, 2007 9:30am Mar 26, 2007 9:30am
Quoting El Nacho
Can anyone post their backtesting results?
And that would prove...?

Why not forward test and post your results. For better or worse, you and we might actually learn something.
  • #159
  • Mar 26, 2007 3:24pm Mar 26, 2007 3:24pm
Quoting El Nacho
Can anyone post their backtesting results? Do you apply this method to all currency pairs? I am very interested in knowing how this pans out... the method seems a little simple to be an effective winning strategy. How did you determine that if 3 days in a row trade in one direction that it means that the next day is a reversal? Whats the correlation between successive trading days? Seems like each day would have its own independant probability of being up or down (a function of previous events??)... let me know. Thanks.
To get the full info regarding the method i suggest you visit the daily scalping thread: http://www.forexfactory.com/showthread.php?t=13507 . As for backtesting goes I really don't trust those. I prefer live (or demo) testing to validate a method.
Liberate me ex inferis
  • #160
  • Mar 26, 2007 4:40pm Mar 26, 2007 4:40pm
I would also like to know what your settings are to arrive as fantastic results.

Thanks, and good trading.

Quoting C.E.O.
The trail is a SAR trail. It kills accounts, dont know why but every backtest done does. I dont believe there is any way to make this a standard trail with the EA programmed the way it is. It would have to place and delete pending orders for it to work, and not use the stoploss signal to reverse orders.

Accrete, when TP is hit it SHOULDNT open a new order until the next day. I also have an ATR version that I sent to skyline and posted earlier in this thread but havent updated. I really cant think of a better way to come up with a daily/weekly setting other than a crystal ball. I have done countless backtests and the results are somewhere but a 40 SL for cable and 50 for guppy always come out as best. The atr version did backtest better, and in some cases much better.

Ultimately I feel a BE, a trail that works as a normal trail, ability to use ATR, and ability to manually override direction should be the ultimate final goal for this EA. However as it stands I am up 1600 pips since 3/1/07 minus a few days due to errors. All with max 2 losses per day. More to follow...
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