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Forex Trend Catcher EA

  • #261
  • Apr 2, 2009 1:07am Apr 2, 2009 1:07am
Quoting tcmm
Do you think the stoploss maybe can be lower. I wonder on a 30 pip stop since it takes small profits. What do you think?
tcmm,

This EA is meant to capture "big" profits in a trending market. Unfortunately, not all days are trending. Once EA is triggered and it finds itself facing a mildly trending/ranging currency pair, it has to take whatever profits it can get - even very small profits, and get out of the situation as fast as possible.

This EA is designed to cater for trending markets, and it has to make profit in a non-trending market too.

I am reviewing the results. Vinesh has proposed me a workable idea to address the problem. Yes, I am looking into making the initial TS smaller.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #262
  • Apr 2, 2009 1:11am Apr 2, 2009 1:11am
Quoting bexterlone
bernard are the EA is running if my acc. details are not appear on my chart?the details are appear on demo but not in my live acc..

many thanks in advance..
bexterlone,

Live accounts require activation key. This will not be issued out at the moment, until the EA (version 1c) has been robustly tested first.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #263
  • Apr 2, 2009 1:18am Apr 2, 2009 1:18am
Quoting prosper4rex
tcmm,

This EA is meant to capture "big" profits in a trending market. Unfortunately, not all days are trending. Once EA is triggered and it finds itself facing a mildly trending/ranging currency pair, it has to take whatever profits it can get - even very small profits, and get out of the situation as fast as possible.

This EA is designed to cater for trending markets, and it has to make profit in a non-trending market too.

I am reviewing the results. Vinesh has proposed me a workable idea to address the problem. Yes, I am looking into making...
Thanks Do you keep the London and New York on true, all day or explain. And What Main Currencies are good to trade . Thanks
My Email For Help: [email protected]
  • #264
  • Apr 2, 2009 1:24am Apr 2, 2009 1:24am
Quoting tcmm
Thanks Do you keep the London and New York on true, all day or explain. And What Main Currencies are good to trade . Thanks
tcmm,

Please refer to post #229 and #231.

USD and YEN will be good to trade.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #265
  • Apr 2, 2009 1:31am Apr 2, 2009 1:31am
Quoting prosper4rex
tcmm,

Please refer to post #229 and #231.

USD and YEN will be good to trade.

Bernard
Well Well in fact I have been News Trading For Years, thats no problem for me.
Keep a watch on in the London Time for News ie: GBP, EUR, it happens mostly at 4.30am est.
My Email For Help: [email protected]
  • #266
  • Apr 2, 2009 1:35am Apr 2, 2009 1:35am
Quoting prosper4rex
bexterlone,

Live accounts require activation key. This will not be issued out at the moment, until the EA (version 1c) has been robustly tested first.

Bernard
really..need an activation key,okay thanks 4 da info bernard,when it ready just let us know ,and thanks again for make this EA very great..2 thumbs up 4 you
  • #267
  • Apr 2, 2009 1:38am Apr 2, 2009 1:38am
Quoting tcmm
Well Well in fact I have been News Trading For Years, thats no problem for me.
Keep a watch on in the London Time for News ie: GBP, EUR, it happens mostly at 4.30am est.
tcmm,

I avoid news. I find it too risky trading news.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #268
  • Apr 2, 2009 1:39am Apr 2, 2009 1:39am
Quoting bexterlone
really..need an activation key,okay thanks 4 da info bernard,when it ready just let us know ,and thanks again for make this EA very great..2 thumbs up 4 you
bexterlone,

I will let you know once it is ready.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #269
  • Apr 2, 2009 1:45am Apr 2, 2009 1:45am
Quoting prosper4rex
tcmm,

I avoid news. I find it too risky trading news.

Bernard
I have a Special Software, Baby, And I am doing just fine. I catch The spike and I am out in seconds!
My Email For Help: [email protected]
  • #270
  • Apr 2, 2009 2:03am Apr 2, 2009 2:03am
Quoting tcmm
I have a Special Software, Baby, And I am doing just fine. I catch The spike and I am out in seconds!
wow,i am really try to avoid da market during news,afraid to lose $,seems like u r doing well on news release,mind to share your baby
  • #271
  • Apr 2, 2009 9:23am Apr 2, 2009 9:23am
Because of trading times
Attached Image (click to enlarge)
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  • #272
  • Apr 2, 2009 6:33pm Apr 2, 2009 6:33pm
Prosper,

I thank you for your dedication and hard work with this EA. I've used it for two days with great results (in the area of 19% - see attached). I will continue to monitor the progress through next week before going live.

I am puzzled with the timeframe comments. I was not aware the TF impacts the trades. If there are no settings in the EA for TF, how does TF affect the trade. Otherwise, I am very encouraged with your product and its results.
Attached File(s)
File Type: doc DetailedStatement.doc   66 KB | 360 downloads
  • #273
  • Apr 2, 2009 6:57pm Apr 2, 2009 6:57pm
Quoting fxshadow
Because of trading times
fxshadow,

Your setting for TradeNewYorkOpen is set to false for the currency pairs appearing in the messages.

As such, there is no trading done at this hours.

Without the messages, you will be clueless as to why it is not trading.

The messages are not retained permanently by your platform, and does not occupy additional space in your PC.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #274
  • Apr 2, 2009 7:08pm Apr 2, 2009 7:08pm
Quoting MrRolf
Prosper,

I thank you for your dedication and hard work with this EA. I've used it for two days with great results (in the area of 19% - see attached). I will continue to monitor the progress through next week before going live.

I am puzzled with the timeframe comments. I was not aware the TF impacts the trades. If there are no settings in the EA for TF, how does TF affect the trade. Otherwise, I am very encouraged with your product and its results.
MrRolf,

Thank you for posting your results. You have quite impressive results.

The next version 1d, is under testing. Enhancements are made to improve on the deficiencies found in version 1c. Version 1d will be uploaded once it is ready and cleared my testing.

The EA tracks each transaction created by means of a Magic Number. This magic number is partially derived from the TF you are trading on.

If you are trading on 1 HR TF, a transaction record will be created with the Magic Number partially derived from the 1 HR TF. At this time, if you decided to switch to trading on 4HR TF, new transaction records created will have it's Magic Number derived from the 4HR TF.

A Magic Number created on 1 HR is totally diffrent from one created in a 4HR TF. The EA will not recognise that record created on 1 HR TF, if you are now trading on a 4HR TF.

For this reason, always stick to the TF you are trading on. It is not advisable to switch TFs in the midst of trading.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #275
  • Apr 2, 2009 7:16pm Apr 2, 2009 7:16pm
Quoting prosper4rex
fxshadow,

Your setting for TradeNewYorkOpen is set to false for the currency pairs appearing in the messages.

As such, there is no trading done at this hours.

Without the messages, you will be clueless as to why it is not trading.

The messages are not retained permanently by your platform, and does not occupy additional space in your PC.

Bernard
Thanks for the answer Bernard.
  • #276
  • Apr 2, 2009 8:10pm Apr 2, 2009 8:10pm
Just to get my understanding right:

what will be the difference when I let the EA run an another TF next week then H1 as I have it set now?
  • #277
  • Apr 2, 2009 8:15pm Apr 2, 2009 8:15pm
Hi Bernard, how do I get a registration # to try this on a small live account? Thanks
  • #278
  • Apr 2, 2009 8:21pm Apr 2, 2009 8:21pm
Quoting fuzzle
Hi Bernard, how do I get a registration # to try this on a small live account? Thanks
He explained that a few posts ago, brother.
  • #279
  • Apr 2, 2009 9:26pm Apr 2, 2009 9:26pm
Quoting Freddyfx
Just to get my understanding right:

what will be the difference when I let the EA run an another TF next week then H1 as I have it set now?
Freddyfx,

You can run the EA on any TF of your choosing. No problem here.

However, if a transaction has already been created on one TF and has not closed out yet, do not switch to another TF. It will cause problem to the EA in tracking the transaction from the previous TF.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #280
  • Apr 2, 2009 9:28pm Apr 2, 2009 9:28pm
Quoting fuzzle
Hi Bernard, how do I get a registration # to try this on a small live account? Thanks
fuzzle,

No key activation# will be given out at the moment. Until, the EA has been thoroughly tested and produced the desired results, then it will be issued for live account.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
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