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EA request

  • #21
  • Feb 24, 2009 4:39pm Feb 24, 2009 4:39pm
Can you post the template you are using for this as well?
The trend always ends.
  • #22
  • Feb 24, 2009 7:06pm Feb 24, 2009 7:06pm
well zen you are a busy man, lol it is taking trades as it should just by demoing on 1m chart for accuracy. maybe if someone could put tp and sl in as well. not asking you to zen!!! no big deal, just playing with this for shi*s and giggles
  • #23
  • Feb 25, 2009 7:59am Feb 25, 2009 7:59am
Reason I say need tp and sl is because it seems to b a good entry but crappy exit
  • #24
  • Feb 25, 2009 8:15am Feb 25, 2009 8:15am
Quoting jtmoore007
well zen you are a busy man, lol it is taking trades as it should just by demoing on 1m chart for accuracy. maybe if someone could put tp and sl in as well. not asking you to zen!!! no big deal, just playing with this for shi*s and giggles
sad to say, with my current commitments (you know what I mean), I can only help out with quick fixes or minor code mods in the forums when i'm taking a break. I'm sure someone else can pick up where it's been left off.

regards,
Zen
Programming for a better future.
  • #25
  • Feb 25, 2009 8:47am Feb 25, 2009 8:47am
yes the EA is working fine kept it all nite and day running
like b4 mentioned it is ready for some modifications like SL ,or trailingstop of lets say 15 pips

also looking at the timeframe where it is best on used not quit figured it out yet but hopes are good

succes to all

and thanks to forexflash,magnumfreak and ofcourse zen leow

respect
  • #26
  • Feb 25, 2009 11:41am Feb 25, 2009 11:41am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
regards TF test EUR/USD 4H, good result for last year
  • #27
  • Feb 25, 2009 3:51pm Feb 25, 2009 3:51pm
It looks to work nicely on the 5 minute but would definitely need a trailing stop of some kind, and also a time filter so that it wouldnt trade during dead times. I always like a trailing candle type of stop where it would trail the high/low of the 5 previous candles.
  • #28
  • Feb 26, 2009 12:32pm Feb 26, 2009 12:32pm
Nevermind coders. just now coming to my senses--- just use a trade management ea to place tp and sl DUH!!!!

now doing great
  • #29
  • Feb 26, 2009 6:22pm Feb 26, 2009 6:22pm
Would b nice for backtesting though
  • #30
  • Feb 26, 2009 6:37pm Feb 26, 2009 6:37pm
Great concept! The RSI is the only indicator I use, so an EA based on one definitely catches my attention.

This one seems to be hard coded for 55 RSI only. You can change the numbers, but the trade features don't change with you. No matter what RSI you set it for (for example, changing it from default 55 down to 8), it will only open and close lots based on the 55RSI. So it would be nice to have it coded so that it changes to what ever RSI you desire.
" Average traders look to the left, great traders look to the right."
  • #31
  • Feb 26, 2009 7:00pm Feb 26, 2009 7:00pm
Quoting magicchance
Great concept! The RSI is the only indicator I use, so an EA based on one definitely catches my attention.

This one seems to be hard coded for 55 RSI only. You can change the numbers, but the trade features don't change with you. No matter what RSI you set it for (for example, changing it from default 55 down to 8), it will only open and close lots based on the 55RSI. So it would be nice to have it coded so that it changes to what ever RSI you desire.
Did you change the settings on the input tab for the EA? I have mine set to 21 (and also the indicator set to 21) as well as having the RSI on the chart to confirm and it is taking trades based on the 21.
Attached Image (click to enlarge)
Click to Enlarge Name: rsi.jpg Size: 82 KB
  • #32
  • Feb 26, 2009 7:01pm Feb 26, 2009 7:01pm
I'm not sure how y'all r using it but I'm using it on 1m chart and using trade mgt ea for tp. No sl because opposite signal is a good stop by itself. I'm running on demo for a while as is so I can see avg loss. This will give me my target tp and I'll use avg loss as a way to determine lot size. Just to see what happened Today while watching it during US session it picked up 23 pips on EU using no sl and 7 tp. most I lost today was 7 pips
  • #33
  • Feb 26, 2009 7:05pm Feb 26, 2009 7:05pm
Quoting traderjai_inhi
Did you change the settings on the input tab for the EA? I have mine set to 21 (and also the indicator set to 21) as well as having the RSI on the chart to confirm and it is taking trades based on the 21.
Not sure what I'm doing wrong then. I had the candle indi set on 8, and set the EA for that as well. The starting color was red and a trade opened. But soon after the color changed to blue, but the trade stayed the same and never converted over. It should have closed the Sell and quickly converted over to Buy, right? If so, it never did. So now I just have it all back on default settings.

If you know how to set it up some other way please post a template asap. Thanks!
" Average traders look to the left, great traders look to the right."
  • #34
  • Feb 26, 2009 7:09pm Feb 26, 2009 7:09pm
Magic, are you sure you are using version 3?

http://www.forexfactory.com/showpost...4&postcount=18

Once you add it go to the inputs tab and go down to RSI period and change it to what you want.
  • #35
  • Feb 26, 2009 7:11pm Feb 26, 2009 7:11pm
As you can see, when everything is set on 21RSI it doesn't take any trades. On 55 it works fine, though.
Attached Image (click to enlarge)
Click to Enlarge Name: rsi1.gif Size: 48 KB
" Average traders look to the left, great traders look to the right."
  • #36
  • Feb 26, 2009 7:12pm Feb 26, 2009 7:12pm
Yes, I'm using v3.
" Average traders look to the left, great traders look to the right."
  • #37
  • Feb 26, 2009 7:14pm Feb 26, 2009 7:14pm
Just wondering... could it be a magic number problem?
" Average traders look to the left, great traders look to the right."
  • #38
  • Feb 26, 2009 7:30pm Feb 26, 2009 7:30pm
Im not to sure about the magic number. I did just add this to the gbpusd 1m chart just like yours and got a long trade that just triggered.
  • #39
  • Feb 27, 2009 12:08am Feb 27, 2009 12:08am
The pic shows that the bars have changed color, but the EA did not switch trade direction. By this time the EA should have closed the last trade, a Sell (at a loss), and re-opened immediately with a Buy. Can anyone explain what's going on? (FYI, all settings are now RSI-12.) Many Thanks!

In general, this EA is looking very promising. If these minor bugs ever get worked out by our better programmers here, and maybe some money management/SL/TP added in, I can see this becoming my favorite EA.
Attached Image (click to enlarge)
Click to Enlarge Name: rsi1.gif Size: 54 KB
" Average traders look to the left, great traders look to the right."
  • #40
  • Feb 27, 2009 5:26am Feb 27, 2009 5:26am
Quoting magicchance
The pic shows that the bars have changed color, but the EA did not switch trade direction. By this time the EA should have closed the last trade, a Sell (at a loss), and re-opened immediately with a Buy. Can anyone explain what's going on? (FYI, all settings are now RSI-12.) Many Thanks!

In general, this EA is looking very promising. If these minor bugs ever get worked out by our better programmers here, and maybe some money management/SL/TP added in, I can see this becoming my favorite EA.
There's no bug in the EA. Its working just as I programmed it to be and according to the thread starter's requirements. If it works well for others but not for you, problems ain't with my codes...

Whether or not an EA works can be dependent on many things. this EA as it is now is the most basic form and should work with most brokers. If yours is an ECN, then perhaps some mods would need to be in place. have you looked at the expert and journal tab? are there any error messages during the time it should open or close out orders? Also, I ask that you exercise tact in your comments of work done by programmers here. And yes, I am a little offended.
Programming for a better future.
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