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Trading aud/nzd successfully

  • #1,541
  • Mar 8, 2009 6:36pm Mar 8, 2009 6:36pm
Quoting waltini1
I have only tested it on ibfx because I broke my MB trading demo trying to be too clever. I am currently at work and will have a look when I get home. Can you tell me what error 147 is so I can have a think about it before I get to my computer.

I should have another demo up and running soon with MB.
It is the expiration time order error. In the code you didn't define the expiration and I believe the MB platform requires it.
  • #1,542
  • Mar 8, 2009 6:45pm Mar 8, 2009 6:45pm
Quoting Verto
It is the expiration time order error. In the code you didn't define the expiration and I believe the MB platform requires it.
That should be an easy fix, do you want to have a go at it yourself? Otherwise I will do it in about 5 hours time.

Are you using a Moving Average?
  • #1,543
  • Mar 8, 2009 6:50pm Mar 8, 2009 6:50pm
Quoting waltini1
That should be an easy fix, do you want to have a go at it yourself? Otherwise I will do it in about 5 hours time.

Are you using a Moving Average?
I'm not a programmer... I'm just an amateur. I've been looking over the old EA code trying to program in the ordermodify function. I have the EA working on a 5 digit fine, but the problem is there is no set Stop loss set server side. I am having problems with the orderselect function after a new trade is placed to modify it right away. That is actually my current goal of the day. I'm getting there...
  • #1,544
  • Edited 8:50pm Mar 8, 2009 8:42pm | Edited 8:50pm
Verto: Order Send returns the ticket number, or -1.
iTicket = OrderSend(... ,0 TP, 0 SL
if (iTicket > 0) { //got a ticket
bRtn = OrderModify(iTicket, 0, sl, tp, NULL, CLR_NONE);
}
if (bRtn ... err do something
You can make it smarter by checking for err code 130 and set a flag to always use this method next time thru.
Also err = 131 for invalid lots, you get this on ECN type brokers that have a minimum of 0.10 lot size.
You can then use MarketInfo to get minimum lotsize to use.
ps: Probably need a Sleep(500) before the modify.
  • #1,545
  • Edited Mar 9, 2009 1:20am Mar 8, 2009 11:26pm | Edited Mar 9, 2009 1:20am
try this one with amended order send.

DISREGARD THIS POST SEE NEXT POST
Attached File(s)
File Type: mq4 Nanningbob MB Trading v3.mq4   11 KB | 256 downloads
  • #1,546
  • Edited 3:50am Mar 9, 2009 1:26am | Edited 3:50am
This one works orders being modified as required.

Secondary trades seem okay too.
Attached File(s)
File Type: mq4 Nanningbob MB Trading ea v4.mq4   11 KB | 329 downloads
  • #1,547
  • Mar 9, 2009 1:37am Mar 9, 2009 1:37am
Hi everyone,

I have been reading this thread over the last few days (all 103 pages!!) - first of all let me say kudo to nanningbob for developing such excellent EA, and everyone who has contributed to making it a better EA.

I have downloaded the 30x20 5m 120MA and 1hr 40MA, and is trading live using default settings. 3% risk to my account is how I set the lot size.

BTW, I am still unsure what exactly is my stoploss DD (cf. FrostCall spreadsheet). I have a standard lot account in USD. Do I need to multiply it by certain factor?

Thanks in advance. Looking forward to a fruitful year.

drf
  • #1,548
  • Edited 4:39am Mar 9, 2009 4:12am | Edited 4:39am
Quoting drtrader
Hi everyone,

I have been reading this thread over the last few days (all 103 pages!!) - first of all let me say kudo to nanningbob for developing such excellent EA, and everyone who has contributed to making it a better EA.

I have downloaded the 30x20 5m 120MA and 1hr 40MA, and is trading live using default settings. 3% risk to my account is how I set the lot size.

BTW, I am still unsure what exactly is my stoploss DD (cf. FrostCall spreadsheet). I have a standard lot account in USD. Do I need to multiply it by certain factor?

Thanks in...
Hey,
I would stop trading live untill you fully understand how it works and how the settings affect your risk and performance.
Also if your account is small and you're using a standard lot account it will get very hard to apply real controlled money and risk managment.
Let's assume you have a 10.000 USD account and MM=1 Risk=3
this should open the first level with 0.3 Standard Lots. Next 0.54 ; 0.97 ; 1.74 ; 3.15. If you have Multiplier 1.8 and 5 Levels.
If your stop is 150 Pips your max DD at Stoploss would be: 3000.16 USD

Way to big.

@waltini1

It's working! *happy*
One small step for a man. One giant leap for mankind.
Now if that thing could trade the distance from the median EA (80 Pips) and
start building orders in the opposite direction.

http://img18.imageshack.us/img18/5885/settingsa.jpg

Your comments are a bit missleading. It's true that 0.02 = 2000 Pips
but on MB Trading if you meassure with your crosshair 2000 Pips are 200.0 Pips.
That's why you have to type 0.015 to get 150 Pip Stoploss
Upps I see you mentioned that "for 5 Digit/200". Stupid me.
  • #1,549
  • Mar 9, 2009 4:25am Mar 9, 2009 4:25am
Thanks Tjpld for your advice.

According to my spreadsheet the stoploss DD is 601. Or should I multiply it by 5 (pip value for 1 std lot)?
  • #1,550
  • Mar 9, 2009 4:58am Mar 9, 2009 4:58am
I guess so.
My calculation was

0.3 Lots * 5$/Pip * 150 SL
0.54 Lots * 5$/Pip * 130 SL (-20 because all closed at first SL and spacing is 20)
...

came out with ~3000 USD. Don't see anything wrong.
  • #1,551
  • Mar 9, 2009 5:00am Mar 9, 2009 5:00am
If we could get this working properly with MB it would be awesome. I'm up about 50% for the year so far, and this is using IBFX's insane spreads, so I'm guessing it would have been considerably more had I been getting a 8 pip spread

How did you guys sign up for the MB demo, is it an invite thing or can yo just sign up? Is there an ETA on when we will be able to trade live with MB? And lastly, I'm guessing it's dime accounts right?

Thanks to everyone for their hard work as usual.
"The market giveth and the market taketh away"
  • #1,552
  • Mar 9, 2009 5:06am Mar 9, 2009 5:06am
Quoting urbanFX
If we could get this working properly with MB it would be awesome. I'm up about 50% for the year so far, and this is using IBFX's insane spreads, so I'm guessing it would have been considerably more had I been getting a 8 pip spread

How did you guys sign up for the MB demo, is it an invite thing or can yo just sign up? Is there an ETA on when we will be able to trade live with MB? And lastly, I'm guessing it's dime accounts right?

Thanks to everyone for their hard work as usual.
It would not be more because TP and reentry and levels would still be the same. But it would be more safe I guess because it's unlikely that your TP is missed because of spread getting bigger.

To sign up for a MB Trading Demo just go to their website and search the contact formular. Just say that you are intersted and they will create one for you and send you the login details. Didn't take long.
  • #1,553
  • Mar 9, 2009 5:15am Mar 9, 2009 5:15am
It would have been minimal, but I'm pretty sure there would have been extra growth. Think about this, every time the spread widens and you miss TP, you are also not getting into your next trade.

Quoting Tjpld
It would not be more because TP and reentry and levels would still be the same. But it would be more safe I guess because it's unlikely that your TP is missed because of spread getting bigger.

To sign up for a MB Trading Demo just go to their website and search the contact formular. Just say that you are intersted and they will create one for you and send you the login details. Didn't take long.
"The market giveth and the market taketh away"
  • #1,554
  • Mar 9, 2009 5:17am Mar 9, 2009 5:17am
That makes sense. Smaller spread never hurt anyone.. ^^
  • #1,555
  • Mar 9, 2009 6:26pm Mar 9, 2009 6:26pm
I will post the next ea tonight I was not happy with the order spacing and I have changed the method.

Regarding spreads, whilst I was mucking around with ea's last night with MB trading I saw a spread less than 10 pips,that's less than one pip with a four digit broker.

Everyone should sign up with them when they go live to encourage competition and reduce spreads.
  • #1,556
  • Edited 7:03pm Mar 9, 2009 6:49pm | Edited 7:03pm
Quoting Tjpld
That makes sense. Smaller spread never hurt anyone.. ^^
Hi T, nice to see you here

Couldn't be said better about the spread. I did some quick modelling of the 1st level trade for this system (I say quick so I might have a mistake, but this is what I came up with). This is the multiplier for lots of 2nd trade times the lots of 1st trade, required to break even after 2 trades (i.e. risk/reward = 1:1, when price moves against us 20 pips in a sell after the 1st trade and we enter the 2nd with TP of 30), for the 30x20 system, as a function of spread... you can see it is a real killer of the system especially after around 14-15 pips we approach multiplier 2... which grows exponentially with levels... 2nd image is zoom to lower spreads... you can see that at spread around 18 we are already at multiplier 2 which is crazy... of course we can say we dont need RR 1:1 since this is a high probability system but still... if you can have spread less than 14 you can have multiplier close to 1...

If anyone has access to a 3d plotting software and wants to create some nice images, the equation I came up with is

multiplier = (x1-x2+2*s)/(x2-s)

where x1 = level distance = 20 for 20x30 system
x2 = TP = 30 for 20x30 system
s = spread

This equation is for 1st level of sells and can be applied to all the systems (60x90, 50x15 and so on). Assumes RR 1:1. Still need to check if it is same for buy, and calculate the following levels.

I hope this helps.
Attached Images
  • #1,557
  • Mar 9, 2009 7:06pm Mar 9, 2009 7:06pm
at the bottom right of picture... the 3 lines are minimum, maximum, and current (inbetween the 2)... no comment needed...
Attached Image (click to enlarge)
Click to Enlarge Name: today-spread.gif Size: 27 KB
  • #1,558
  • Mar 10, 2009 1:12am Mar 10, 2009 1:12am
version 5, changed the order spacing and so far I can't break it.


Tjpld, I can put an MA in this if you wish, please point me to the ea which you are currently using.
Attached File(s)
File Type: mq4 Nanningbob MB Trading ea v5.mq4   11 KB | 337 downloads
  • #1,559
  • Mar 10, 2009 4:19am Mar 10, 2009 4:19am
http://www.forexfactory.com/showpost...&postcount=736

That one is the one I'm currently using with success.

Thanks for your efforts waltini1 and challenger.
Good to see someone trying to optimize this system.
  • #1,560
  • Edited 8:19pm Mar 10, 2009 8:02pm | Edited 8:19pm
Quoting Tjpld
http://www.forexfactory.com/showpost...&postcount=736

That one is the one I'm currently using with success.

Thanks for your efforts waltini1 and challenger.
Good to see someone trying to optimize this system.
Hi, Tjpld
I have this 30x20 ea running on demo also. I thought it wasnt meant to trade before the green & red lines, but mine has been - & profitably
Will try to attach a screen (1st time)
Maybe I have a setting wrong. I thought I just went defaults on the setup.
Does yours trade inside the green & red closest lines or wait to cross that 1st set near to the white MAs.
On the M5 chart/ea, I also expected mine to enter another buy (around 1.2795) when the price moved another 20 away/down from the last buy. Does the ea look every tick or does it wait for an M5 bar to close then look.
Thanks for any help you can give me
Cheers
Attached Image
Target 2 : Stoploss in the green
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