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Forex Trend Catcher EA

  • #101
  • Mar 20, 2009 5:52am Mar 20, 2009 5:52am
Quoting prosper4rex
This EA is available free to anyone who is interested to use it. I have received many e-mails requesting for license number and I have given them away. I do understand that there will that rare individual who will attempt to sell it on the net. The License Number is there for a reason.

Bernard
Nice feature I think all EA out there should have this kind of license number to prevent business minded people from making the EA commercial
  • #102
  • Mar 20, 2009 5:53am Mar 20, 2009 5:53am
Hi People,

Let's not over analyze the EA. I never backtest my EAs as I have mentioned to many. I wrote this EA to free myself from the drudgery of daily manual trading. To have myself more free time, time to really enjoy life. I thought it will be a good idea to post it here, to share - afterall I have learned alot from the many forex forums.

It's availabe to any Tom, Dick or Sally. If you like, use it. If, not - just ignore it.

I don't wish to be bog down with "how well it should/shouldn't perform based on past data". What matters to me, at the end of the day the EA pulls in the pips for me, the more the merrier.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #103
  • Mar 20, 2009 6:02am Mar 20, 2009 6:02am
Quoting prosper4rex
There's no bug. The SL is made to advance some distance behind current price.

Bernard
Thanks Bernard ... must have missed that post where you mention about the stop loss movement

Didn't want to 'bog you down' with past data results but to ensure it was trading as it was.
Good luck

DT
  • #104
  • Mar 20, 2009 7:03am Mar 20, 2009 7:03am
After about 14 hours, it put a USD/CAD short trade and went to a HUGE LOSS .
Will update results.
https://freshnews.top
  • #105
  • Mar 20, 2009 8:19am Mar 20, 2009 8:19am
Quoting ff34
After about 14 hours, it put a USD/CAD short trade and went to a HUGE LOSS .
Will update results.
HUGE LOSS ? The SL is set at 100, It's expected to go from -1 to -100, how huge can it be ?
  • #106
  • Mar 20, 2009 8:24am Mar 20, 2009 8:24am
Quoting forexisfx
HUGE LOSS ? The SL is set at 100, It's expected to go from -1 to -100, how huge can it be ?
.50 lots x 100 pips Sl = 403$ loss
https://freshnews.top
  • #107
  • Mar 20, 2009 9:13am Mar 20, 2009 9:13am
Prosper4rex,

Thank you for sharing your EA.
Looking forward to testing your EA on a small live acct.
Please see your email. I will be glad to post results and screenshots.

Sincerley,

Sir Viver.
“The waiting is the hardest part” Tom Petty
  • #108
  • Mar 20, 2009 9:51am Mar 20, 2009 9:51am
Quoting ff34
.50 lots x 100 pips Sl = 403$ loss
if u cannot afford to lose that amount why trade 0.5 lot in the first place? Maybe u should trade 0.1 lot since 0.5 lot seem like big loss to you.
  • #109
  • Mar 20, 2009 10:04am Mar 20, 2009 10:04am
Quoting prosper4rex
This EA is available free to anyone who is interested to use it. I have received many e-mails requesting for license number and I have given them away. I do understand that there will that rare individual who will attempt to sell it on the net. The License Number is there for a reason.

Bernard
I have another question. I'm not good at mt4 programming but it seems that you are able to get information on our live account name,balance,account number when we use it for live account. It seems like a security risk for us ? I dont know what addition information u could get from the EA u given to us.
  • #110
  • Mar 20, 2009 10:07am Mar 20, 2009 10:07am
Quoting prosper4rex
Hi soeasy69,

I have spent hours testing and programming this EA. To be fair to myself, I won't be releasing the source code after all the hard work done. It will just get copied and released under different names.

Bernard

Pardon me, but with this attitude, how do you expect to have any but rank amateurs try out your closed code? With this in mind, how can anyone with a better system add their knowledge to your closed mind?

Better; open not only your code to your market peers, but your heart as well, for it is then that true wealth is realized by everyone. If brokers had this mindset, then you would be much richer in both bank and level of mental solace, no?

Make your code the second of importance with consideration for others, and others will make your code primary importance to give back more than you share.

A simple truth from time immemorial.

Claude
  • #111
  • Mar 20, 2009 11:18am Mar 20, 2009 11:18am
Prosper,

Thank you and others for sharing your EA and assisting others to use it. I have read interesting reviews of your tool and would like to start using it. I am having challenges with where to place your file as my trading software (FX Solutions) does not contain an Experts folder. Would you give me an idea as to how to properly install your EA? I am currently using a demo account. Thanks in advance for your support.
  • #112
  • Mar 20, 2009 11:37am Mar 20, 2009 11:37am
Quoting MrRolf
Prosper,

Thank you and others for sharing your EA and assisting others to use it. I have read interesting reviews of your tool and would like to start using it. I am having challenges with where to place your file as my trading software (FX Solutions) does not contain an Experts folder. Would you give me an idea as to how to properly install your EA? I am currently using a demo account. Thanks in advance for your support.
FX Solutions has no robot setup... try www.fxdd.com or www.ibfx.com then you will need guidance to install the EA... too many words to say if your a newbie to MT4...

soeasy69
  • #113
  • Mar 20, 2009 12:03pm Mar 20, 2009 12:03pm
Quoting SirViver
Prosper4rex,

Thank you for sharing your EA.
Looking forward to testing your EA on a small live acct.
Please see your email. I will be glad to post results and screenshots.

Sincerley,

Sir Viver.
Please check your e-mail for license number.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #114
  • Mar 20, 2009 12:06pm Mar 20, 2009 12:06pm
Quoting forexisfx
I have another question. I'm not good at mt4 programming but it seems that you are able to get information on our live account name,balance,account number when we use it for live account. It seems like a security risk for us ? I dont know what addition information u could get from the EA u given to us.
For your information, the information displayed by the EA comes from your broker's server. Your details are on your broker's server when you registered. No one have access to that information except your broker.

I resent what you are implying.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #115
  • Mar 20, 2009 12:59pm Mar 20, 2009 12:59pm
Quoting prosper4rex
For your information, the information displayed by the EA comes from your broker's server. Your details are on your broker's server when you registered. No one have access to that information except your broker.

I resent what you are implying.

Bernard
Although it's true that the information is on the broker's server, it's very possible to use an EA to access that information.

AccountBalance() Tells you the account balance
AccountCompany() Returns the brokerage company name where the current account was registered.
AccountCredit( )Returns credit value of the current account.

AccountCurrency( )Returns currency name of the current account.

AccountEquity( )Returns equity value of the current account. Equity calculation depends on trading server settings.

AccountFreeMargin( )Returns free margin value of the current account.

AccountLeverage( )Returns leverage of the current account.

AccountName( )Returns the current account name.


AccountMargin( )Returns margin value of the current account.

AccountNumber( )Returns the number of the current account.

AccountProfit( )Returns profit value of the current account.

AccountServer( )Returns the connected server name.


All of the data pulled from these functions can be used to send information to your server prosper. How do I know that's not happening?
  • #116
  • Mar 20, 2009 6:29pm Mar 20, 2009 6:29pm
hi bernard
trend catcher opened 2 trades yesterday, au/us nz/us both were buys, and both opened above the support1 line, where i find it would be difficult to get 400pips anyway, one closed at $1.00 and the other at -$58.25,using default settings, so i think there maybe something wrong with the entry critia
  • #117
  • Mar 20, 2009 8:48pm Mar 20, 2009 8:48pm
Hello Bernard,

I installed the later version of your EA yesterday and it went about its business of trading, ok, no problem here.

However, it's now Saturday, my broker is closed for the weekend and I have 2 trades still open. Wasn't the new version supposed to close down trades before the close of business? Or is it ok to have trades open over the weekend. I have never done that in the past with manual trading so I'm a little unsure.

Anyway, thanks for the input and I look forward to more demo testing next week before I go live with it.

Cheers!

Benn
  • #118
  • Mar 20, 2009 9:14pm Mar 20, 2009 9:14pm
Quoting claudiustrad
Pardon me, but with this attitude, how do you expect to have any but rank amateurs try out your closed code? With this in mind, how can anyone with a better system add their knowledge to your closed mind?

Better; open not only your code to your market peers, but your heart as well, for it is then that true wealth is realized by everyone. If brokers had this mindset, then you would be much richer in both bank and level of mental solace, no?

Make your code the second of importance with consideration for others, and others will make your code primary...

Then again, just how many times have we seen such code appear for sale on ebay?
He has all the right in the world not to post the code he worked on in a public forum for rip off artists to profit from.
It should not be seen as being stingy at all in my opinion, his concern is simply, good common sense.
Starting to see instead of just looking.
  • #119
  • Mar 20, 2009 10:31pm Mar 20, 2009 10:31pm
Quoting denexer
hi bernard
trend catcher opened 2 trades yesterday, au/us nz/us both were buys, and both opened above the support1 line, where i find it would be difficult to get 400pips anyway, one closed at $1.00 and the other at -$58.25,using default settings, so i think there maybe something wrong with the entry critia
Can you upload a screenshot of your results? It will be easier for me to analyze.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #120
  • Mar 20, 2009 10:33pm Mar 20, 2009 10:33pm
Quoting Rastaman
Then again, just how many times have we seen such code appear for sale on ebay?
He has all the right in the world not to post the code he worked on in a public forum for rip off artists to profit from.
It should not be seen as being stingy at all in my opinion, his concern is simply, good common sense.
it does not protect the source code by only posting the compiled code, in fact decompiling it only takes a few seconds. If it does nothing to protect it, why not post it and allow others to improve upon it?
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