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Forex Trend Catcher EA

  • #301
  • Apr 5, 2009 6:48am Apr 5, 2009 6:48am
Quoting zymone44
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?
zymone44,

You do not need to know where your broker's server is located. You do not have to do any conversion at all.

All these are handled by the EA.

All that is required from you is to let the EA know how many hours your broker's server time is ahead/behind GMT.

To do this, go to www.greenwichmeantime.com to know what is the current GMT time. Compare it with your broker's server time at Market Watch in your demo platform. This is usually a few hours ahead of GMT.

The difference in time is the GMTOffset.

Example,

GMT time from www.greenwichmeantime.com is now 02:00.

Your broker's server time is 05:00. You can view it under Market Watch.

Broker's server time is then 3 hrs ahead of GMT. The GMTOffset is 3. Update this value (3) in your GMTOffset parameter within Properties of your chart.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #302
  • Apr 5, 2009 7:38am Apr 5, 2009 7:38am
thanks guys an pardon my kind of question as i'm still newbie on this
  • #303
  • Apr 5, 2009 9:06pm Apr 5, 2009 9:06pm
Well I am not an EA guy, but decided to test this one starting today...So far so good.
Attached Image (click to enlarge)
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  • #304
  • Apr 6, 2009 3:47am Apr 6, 2009 3:47am
Quoting wwwin
Well I am not an EA guy, but decided to test this one starting today...So far so good.
wwwin,

Thank you for uploading the results.

I do hope more TC users can upload their results. With results and feedbacks, will I then be able to address problems with the current version and adopt ideas from suggestions posted to improve on future versions.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #305
  • Apr 6, 2009 10:04am Apr 6, 2009 10:04am
There's been no trades as of late last night. Anyone the same?
My Email For Help: [email protected]
  • #306
  • Edited 12:00pm Apr 6, 2009 11:49am | Edited 12:00pm
Quoting tcmm
There's been no trades as of late last night. Anyone the same?
I got 2 sells of eurgpb, but both stopped at $0.30 profit...it looks as if it could have gotten more profit...but then it reversed, so good thing stopped for cents in profits, as it would be in the red about 30 pips now. (initally posted that maybe stops being moved to early, but edited post after seeing that price went against the trade)
I just started just yesterday, many trades for cents in profit, one trade for about 8 pips, and no trade for losses.
  • #307
  • Apr 6, 2009 11:51am Apr 6, 2009 11:51am
Quoting wwwin
I got 2 sells of eurgpb, but both stopped at $0.30 profit...maybe the moving stops is being done too early??
I only Trade E/U, G/U, U/J, E/J, A/U,
My Email For Help: [email protected]
  • #308
  • Apr 6, 2009 12:14pm Apr 6, 2009 12:14pm
Auch.

Around 9 GMT 3 trades that went sour on me, the rest all little profits.

So far the losses are far much bigger then the gains.
Account down $262.99 from a start with $3K

Just letting it run as is, by the way, since Sunday opening have it on a M5 setup.

As the newest version cannot be far away, not uploading any statements now.

If Bernard wants them, he knows how to get hold of me.
  • #309
  • Apr 6, 2009 12:32pm Apr 6, 2009 12:32pm
hello guys...

today i got 7 trades on 3pairs which is 1 for cable,3 for U/C and 3 for A/U using interbank(22pips)all profit..but only 1 trade using alpari broker on A/U where manege to got only 1pip,can someone explain why this is happen?
  • #310
  • Apr 6, 2009 12:44pm Apr 6, 2009 12:44pm
Quoting bexterlone
hello guys...

today i got 7 trades on 3pairs which is 1 for cable,3 for U/C and 3 for A/U using interbank(22pips)all profit..but only 1 trade using alpari broker on A/U where manege to got only 1pip,can someone explain why this is happen?
here the chart
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: uc.gif Size: 16 KB
Click to Enlarge Name: gu.gif Size: 15 KB
  • #311
  • Apr 6, 2009 6:16pm Apr 6, 2009 6:16pm
Quoting bexterlone
here the chart
Bexterlane,
There's a slight kink in v.1c which Bernard is fixing as we speak. v.1d is on its way. Wait it out.We have all noted this kink.So far I've not had a single losing trade but the profit has been 1 or 2 pips only. Have patience.

Vinesh
  • #312
  • Apr 6, 2009 6:20pm Apr 6, 2009 6:20pm
Quoting vinesh
Bexterlane,
There's a slight kink in v.1c which Bernard is fixing as we speak. v.1d is on its way. Wait it out.We have all noted this kink.So far I've not had a single losing trade but the profit has been 1 or 2 pips only. Have patience.

Vinesh
Does the new version address the 1 or 2 pips profit only, or is that necessary to avoid losses while waiting to catch a nice small retrace ride?
  • #313
  • Apr 6, 2009 8:38pm Apr 6, 2009 8:38pm
Quoting Freddyfx
Auch.

Around 9 GMT 3 trades that went sour on me, the rest all little profits.

So far the losses are far much bigger then the gains.
Account down $262.99 from a start with $3K

Just letting it run as is, by the way, since Sunday opening have it on a M5 setup.

As the newest version cannot be far away, not uploading any statements now.

If Bernard wants them, he knows how to get hold of me.
Freddyfx,

I don't know about running the EA on M5. It was designed to run on 1 HR and above. I never try it on other TF except 1 HR.

Yes, version 1d is on the way. Now under constant testing.

You can e-mail me or post the results here. I need all the results of testing I can get. This helps me tremendously in fine tuning the EA.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #314
  • Apr 6, 2009 8:46pm Apr 6, 2009 8:46pm
Quoting bexterlone
hello guys...

today i got 7 trades on 3pairs which is 1 for cable,3 for U/C and 3 for A/U using interbank(22pips)all profit..but only 1 trade using alpari broker on A/U where manege to got only 1pip,can someone explain why this is happen?
bexterlone,

You may want to refer to post #211. Point 4 of that post answers the 1 pip profit issue.

Additional info at #261.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #315
  • Apr 6, 2009 8:48pm Apr 6, 2009 8:48pm
Quoting bexterlone
here the chart
bexterlone,

Thanks for posting your results. I will review through.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #316
  • Apr 6, 2009 8:50pm Apr 6, 2009 8:50pm
Quoting vinesh
Bexterlane,
There's a slight kink in v.1c which Bernard is fixing as we speak. v.1d is on its way. Wait it out.We have all noted this kink.So far I've not had a single losing trade but the profit has been 1 or 2 pips only. Have patience.

Vinesh
Vinesh,

Version 1d is under testing now.


Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #317
  • Apr 6, 2009 8:52pm Apr 6, 2009 8:52pm
Quoting wwwin
Does the new version address the 1 or 2 pips profit only, or is that necessary to avoid losses while waiting to catch a nice small retrace ride?
wwwin,

You may want to check out #211, especially point #4.

Additional info on post #261.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #318
  • Apr 6, 2009 8:52pm Apr 6, 2009 8:52pm
[quote=wwwin;2654694]Does the new version address the 1 or 2 pips profit only, or is that necessary to avoid losses while waiting to catch a nice small retrace ride?[/
wwwin,
v1b was doing fine (just like any other EA but it made losses too). This version doesnt make big losses but takes limited profit. The next version will address both issues. If EA catches strong trend it'll make big profits but medium and weak trends can ruin an account. Bernard is trying to optimise as much as possible.
I hope this answers your query.

Vinesh

p.s. your suggestions are welcome too friend.
  • #319
  • Apr 6, 2009 9:11pm Apr 6, 2009 9:11pm
[quote=vinesh;2654905]
Quoting wwwin
Does the new version address the 1 or 2 pips profit only, or is that necessary to avoid losses while waiting to catch a nice small retrace ride?[/
wwwin,
v1b was doing fine (just like any other EA but it made losses too). This version doesnt make big losses but takes limited profit. The next version will address both issues. If EA catches strong trend it'll make big profits but medium and weak trends can ruin an account. Bernard is trying to optimise as much as possible.
I hope this answers your query.

Vinesh

p.s. your...
Yeah, that's what I thought, a lot of very small gains is much better than a big loss...I guess under the current version, in order to have a 100 loss, then the price must go against you from the getgo and not look back....hey, if this can limit losses and occasionally catch a nice ride then it's good
  • #320
  • Apr 6, 2009 9:17pm Apr 6, 2009 9:17pm
Quoting prosper4rex
wwwin,

You may want to check out #211, especially point #4.

Additional info on post #261.

Bernard
"Each order is given 15 mins to trigger SL, and locked in profits. If, it cannot, EA will attempt to close the position with minimal profit at first opportunity."

Got it, so its a time trigger...interesting, so after 15 minutes, it closes as soon as not in the red. Maybe the actual time could be an changeable input rather than static so that we can experiment with different times. Maybe not, that would make the thread go all over the place, with too many inputs.
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