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Forex Trend Catcher EA

  • #281
  • Apr 2, 2009 11:38pm Apr 2, 2009 11:38pm
Quoting prosper4rex
tcmm,

Please refer to post #229 and #231.

USD and YEN will be good to trade.

Bernard
This is one pair I have not tried to trade yet. Somehow skipped my notice.
  • #282
  • Apr 2, 2009 11:40pm Apr 2, 2009 11:40pm
Quoting prosper4rex
tcmm,

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

Bernard
Bernard,
I found it out today!!!!!!Lost more than $1000.
  • #283
  • Apr 3, 2009 12:03am Apr 3, 2009 12:03am
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.
Here's my best effort.
Please IGNORE EUR/USD resuts and calculate. Those were my manual trades in which as I said I lost, so my fault. the results are awesome.
Started with $5606.Total loss showing -$437. Capital now $5569. So TC earned about $470 without a single losing trade.% wise it comes to 9% in 2 days. Give me a better deal and I'll show you a PONZI scheme.
Actually when I saw Detailed result b4 my foolish manual trade I did not believe the graph! It went at 45 degrees in a straight line.
Attached File(s)
File Type: txt Results.txt   4 KB | 495 downloads
  • #284
  • Apr 3, 2009 2:01am Apr 3, 2009 2:01am
bernard the default for tradenewyorkopen=false and tradelondonpen=false,are it mean the EA will not trade during NY and London session?or the EA will trade on the Asian session only

many thanks in advance
  • #285
  • Apr 3, 2009 2:14am Apr 3, 2009 2:14am
Quoting vinesh
Here's my best effort.
Please IGNORE EUR/USD resuts and calculate. Those were my manual trades in which as I said I lost, so my fault. the results are awesome.
Started with $5606.Total loss showing -$437. Capital now $5569. So TC earned about $470 without a single losing trade.% wise it comes to 9% in 2 days. Give me a better deal and I'll show you a PONZI scheme.
Actually when I saw Detailed result b4 my foolish manual trade I did not believe the graph! It went at 45 degrees in a straight line.
Vinesh,

Thanks for posting your results here. It would be better if you can post it as a word document file. Text file is hard to read.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #286
  • Apr 3, 2009 2:20am Apr 3, 2009 2:20am
Quoting bexterlone
bernard the default for tradenewyorkopen=false and tradelondonpen=false,are it mean the EA will not trade during NY and London session?or the EA will trade on the Asian session only

many thanks in advance
bexterlone,

If TradeLondonOpen=false, no trading done on that currency pair from 07:00 - 10:00 GMT.

Similarly, for TradeNewYorkOpen=false - no trading between 12:00 - 15:00 GMT.

All other hours, the EA will trade. Do note, EA will stop opening new positions each Friday, 15:00 GMT. This is to allow sufficient time for existing open positions to close in profit before forex market closes for the weekend.

You can set TradeLondonOpen / TradeNewYorkOpen to true, if you desire to trade when either markets open for trading.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #287
  • Apr 3, 2009 2:37am Apr 3, 2009 2:37am
sorry my english is not good,didnt know wat is slippage on early,it mean the EA will not place a trade until 3hours after NY and London session to avoid news right?

thanks agains 4 da info bernard
  • #288
  • Apr 3, 2009 2:47am Apr 3, 2009 2:47am
Quoting bexterlone
sorry my english is not good,didnt know wat is slippage on early,it mean the EA will not place a trade until 3hours after NY and London session to avoid news right?

thanks agains 4 da info bernard
bexterlone,

No, that's not what slippage means.

You place an order to buy/sell EURUSD at a certain price. Your broker fills your order at a worst price. That's slippage.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #289
  • Apr 3, 2009 3:29am Apr 3, 2009 3:29am
hello! thought I'd try this out at broco investor4 demo, my live broker for now until ATC or mbt is up and going. will use h1 at first next week. then maybe h4 the week after.

will try .1 lots then increase every 1000.00 made on a 3000.00 account. hope it works out!
  • #290
  • Apr 3, 2009 4:13am Apr 3, 2009 4:13am
Quoting hazelj80
hello! thought I'd try this out at broco investor4 demo, my live broker for now until ATC or mbt is up and going. will use h1 at first next week. then maybe h4 the week after.

will try .1 lots then increase every 1000.00 made on a 3000.00 account. hope it works out!
hazelj80,

You can demo trade with this EA but no live trading yet until it is tested further. Anyway, activation key is required for live trades. This will not be given out at the moment.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #291
  • Apr 3, 2009 4:16am Apr 3, 2009 4:16am
oh yes, that's what i meant! no live trades yet! i read everything i will test for now. hopefully in may it will be a good/better one to have in the collection!
  • #292
  • Apr 3, 2009 9:59am Apr 3, 2009 9:59am
Bernard.

I guess you did not understand my question, but NP.

I was merely asking what the effect would be to have the EA trade on another TF. As I have no knowledge of how the programming is done and the entries are decided.

So far this week it runs on H1.

Will it take different trades if I let it run on another TF?

I pushed it thru NFP, no damage done.

Still having a USDCHF Short open since yesterday 16.44

Have a GREAT weekend, hope to see the new version popup here.
  • #293
  • Apr 3, 2009 10:55am Apr 3, 2009 10:55am
Quoting Freddyfx
Bernard.

I guess you did not understand my question, but NP.

I was merely asking what the effect would be to have the EA trade on another TF. As I have no knowledge of how the programming is done and the entries are decided.

So far this week it runs on H1.

Will it take different trades if I let it run on another TF?

I pushed it thru NFP, no damage done.

Still having a USDCHF Short open since yesterday 16.44

Have a GREAT weekend, hope to see the new version popup here.
I have the same short still open.
  • #294
  • Apr 3, 2009 11:13am Apr 3, 2009 11:13am
We might get lucky on it exiting with some profit, but now a SELL EU has been added and normally those two work opposite, so lets see.

To others that are PM-ing me, I am not the developer of this EA, just testing seriously as all others. no EA is the Holy Grail, and it needs time to see what it can do, so be PATIENT.

I am normally trading , that is manually, and for the ones that want to know, using Pip Range Bars Charting. Contact me if you want to test that.

At the moment open:

USDCHF S @ 1.1315
EURUSD S @ 1.3408
  • #295
  • Apr 3, 2009 5:35pm Apr 3, 2009 5:35pm
EA closed all, that is the last EU trade in loss, as the Swissy trade made it to the final just in time for profit.

Wishing all a relaxed weekend.
  • #296
  • Apr 3, 2009 8:37pm Apr 3, 2009 8:37pm
Quoting Freddyfx
Bernard.

I guess you did not understand my question, but NP.

I was merely asking what the effect would be to have the EA trade on another TF. As I have no knowledge of how the programming is done and the entries are decided.

So far this week it runs on H1.

Will it take different trades if I let it run on another TF?

I pushed it thru NFP, no damage done.

Still having a USDCHF Short open since yesterday 16.44

Have a GREAT weekend, hope to see the new version popup here.
Freddyfx,

Yes, it will take different trades on another TF.

Version 1d is still under testing. Give it a couple of more days, and I will upload it here.

You have a great weekend too.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #297
  • Apr 4, 2009 11:58am Apr 4, 2009 11:58am
i'm still confused on this GMTOffset of a thing - prosper4rex,
now i just have metatrader4 trade station with demo account. according to you this GMTOffset should be that of the broker. i havent signed up yet with a broker, so what will be the appropriate value here?
the confusing thing is that the Market watch (as you mentioned earlier) is showing local time - not GMT. so to convert it rightly i will need to know the country which thier server is. then do the country/GMT conversion right?
so how do i determine this correctly? or will the default 3 value ok?
  • #298
  • Edited 8:35pm Apr 4, 2009 8:15pm | Edited 8:35pm
Quoting zymone44
i'm still confused on this GMTOffset of a thing - prosper4rex,
now i just have metatrader4 trade station with demo account. according to you this GMTOffset should be that of the broker. i havent signed up yet with a broker, so what will be the appropriate value here?
the confusing thing is that the Market watch (as you mentioned earlier) is showing local time - not GMT. so to convert it rightly i will need to know the country which thier server is. then do the country/GMT conversion right?
so how do i determine this correctly? or will the default...
zymone44,

You cannot get the broker's correct time on a weekend when the forex market is closed, as there is no trading and the broker's clock is not active (it is not moving at all).

Try it when the forex market opens for trading, and so do your broker.

It does not matter whether your account is on demo or live, the GMTOffset must still be correctly set.

Go to www.greenwichmeantime.com and check what is GMT currently. Compare this time with your broker's time at Market Watch. Your broker's time is usually a few hours ahead of GMT. The difference in time is the GMTOffset.

If your broker's time is the same as your local time, your broker must be in the same timezone as you are.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #299
  • Apr 5, 2009 5:19am Apr 5, 2009 5:19am
prosper4rex,
i'm using metatrader4 demo.
in default installation what will be the right GMTOffset.
refering me to www.greenwichmeantime.com further confuses me, 'cos i will need to know the country of the server in other to do the right conversion there.
presently i'm in Japan and the time displayed in the metatrader4 is not my local time either.
is the time displayed in the metatrader4 a GMT format or local time format?
  • #300
  • Apr 5, 2009 6:42am Apr 5, 2009 6:42am
zymone,

It doesn't matter where you are, all that matters is what time is showing on your MT4 platform compared to GMT.

When your MT4 platform starts up again and the clock starts to tick, simply log onto http://wwp.greenwichmeantime.com/ and see how far apart the times are.

I'm in Hong Kong and if, for example, my MT4 states 9:41am and GMT time states 11:41am, then the GMT setting will be +2.

Cheers.
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