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Forex Trend Catcher EA

  • #441
  • Apr 22, 2009 8:59pm Apr 22, 2009 8:59pm
Quoting snl
Hi, Bernard.
It seems to me, that SL can not be changed on 5 digits platforms. May be it is a mistake in code. Please check.
snl,

I tried on a 5 digit platform. It can be changed.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #442
  • Apr 22, 2009 9:50pm Apr 22, 2009 9:50pm
Great news, will IMMEDIATELY load the new version and the indicator.

Looking forward to a nice result.
  • #443
  • Apr 22, 2009 10:48pm Apr 22, 2009 10:48pm
I thought you would want these set to false and if set to false it would not trade during the NY or London Open. Since when these markets open the prices jump. I thought this might be a 1 hour window for each of them. Now from the notes below if it is false it will not trade before NY or London opens but will trade after they open. Can some one explain this better to me. Why would I want it false and why might I want it true.

5. TradeNewYorkOpen option to trade/not trade before New York opens for trading.

6. TradeLondonOpen option to trade/not trade before London opens for trading.
Gary
  • #444
  • Apr 22, 2009 10:51pm Apr 22, 2009 10:51pm
1. What is "ProfitCutOffTime"? What are the choices and what does this do?

2. I know what trailing stop is and you have a trailingstop amount option, but what is "InitialStopFactor"?
Gary
  • #445
  • Apr 22, 2009 11:19pm Apr 22, 2009 11:19pm
Quoting alpine4133
I thought you would want these set to false and if set to false it would not trade during the NY or London Open....
alpine4133,

You have the option to set TradeNewYorkOpen/TradeLondonOpen to true/false. This is a personal preference, as some do not like to trade when NewYork/London open, while others do.

If TradeNewYorkOpen is set to false, no new position will be open from 12:00 - 15:00 GMT.

If TradeLondonOpen is set to false, no new position will be open from
07:00 - 10:00 GMT.

During these periods, news will be a announced which will create wild swings and high volatility. Setting to false will bypass this wild swing periods and not expose your trading to unnecessary risks.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #446
  • Apr 22, 2009 11:28pm Apr 22, 2009 11:28pm
Hi Bernard

Must we put TrendRange_bars indicator on every chart?

Elovv
  • #447
  • Apr 22, 2009 11:28pm Apr 22, 2009 11:28pm
Quoting alpine4133
1. What is "ProfitCutOffTime"? What are the choices and what does this do?

2. I know what trailing stop is and you have a trailingstop amount option, but what is "InitialStopFactor"?
alpine4133,

Each open positions will have a set number of hours to trigger initial Trailing Stop, otherwise EA will close it with minimum profit at the first opportunity. The set number of hours is ProfitCutOffTime. Now you have the option to set it to 0 (no ProfitCutOffTime) or 1 or more.

In version 1e, the first time when EA triggers off Trailing Stop is when it reached 2 (InitialStopFactor) X (Minimum SL allowed by broker + spread). Now, you have the option to change it to 3 or more. Subsequent Trailing Stop after this will be 40 pips or more.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #448
  • Apr 22, 2009 11:29pm Apr 22, 2009 11:29pm
Quoting Elovv
Hi Bernard

Must we put TrendRange_bars indicator on every chart?

Elovv
Elovv,

It is not necessary to put TrendRange_bars on every chart.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #449
  • Apr 23, 2009 1:06am Apr 23, 2009 1:06am
Quoting prosper4rex
Elovv,

It is not necessary to put TrendRange_bars on every chart.

Bernard
But do we have to attach it to charts? Or just deposit it in indicators file?
  • #450
  • Apr 23, 2009 1:19am Apr 23, 2009 1:19am
Quoting vinesh
But do we have to attach it to charts? Or just deposit it in indicators file?
Vinesh,

No, you do not have to attach to charts. Just deposit it in the indicators folder.

The EA will interact with the indicator on it's own.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #451
  • Apr 23, 2009 3:34am Apr 23, 2009 3:34am
hi Bernard
can i ask you what's the difference between this version and the previews version??????
i think non of your versions never consider pivots and daily levels.... do you want to apply this on your EA.....
  • #452
  • Apr 23, 2009 6:33am Apr 23, 2009 6:33am
Hi Bernard

Version 1f seems to work fine. Not so many trade.
I like to buy/sell because the market is trending. But maybe the stop loss is ti big for 1H graafs.
We buy/sell in a trend. Wouldn´t we sell when the trend is broken? Maybe we can use SMA. Or the high/low of the previus bar.
My little thinking

Regards
Elovv
  • #453
  • Apr 24, 2009 12:16am Apr 24, 2009 12:16am
Quoting Elovv
Hi Bernard

Version 1f seems to work fine. Not so many trade.
I like to buy/sell because the market is trending. But maybe the stop loss is ti big for 1H graafs.
We buy/sell in a trend. Wouldn´t we sell when the trend is broken? Maybe we can use SMA. Or the high/low of the previus bar.
My little thinking

Regards
Elovv
Hi Elovv

could you post your result since yesterday???? my result not changed too much..

tnx
  • #454
  • Apr 24, 2009 4:03am Apr 24, 2009 4:03am
Quoting $aly
Hi Elovv

could you post your result since yesterday???? my result not changed too much..

tnx
Only winners 20090423 04.30 GMT - 20090424 09.00 GMT

IBFX demo

Regards
Elovv
Attached Image(s) (click to enlarge)
Click to Enlarge Name: closed.jpg Size: 101 KB
Click to Enlarge Name: open.jpg Size: 43 KB
  • #455
  • Apr 24, 2009 4:56am Apr 24, 2009 4:56am
Quoting Elovv
Only winners 20090423 04.30 GMT - 20090424 09.00 GMT

IBFX demo

Regards
Elovv
thanks Elovv ..it seems great but i took only 5 of them!!!!!

cheers
  • #456
  • Apr 24, 2009 5:25am Apr 24, 2009 5:25am
Different brookers give different result with EA. Of them I have tested I think IBFX works great.

Elovv
  • #457
  • Apr 24, 2009 5:51am Apr 24, 2009 5:51am
Hi Bernard,

used demo a/c $10k, lot size 0.10.

Settings mainly default with the following:
TP:50, SL:100, SL inc:10, TS:40, Initial SF:3, Profit Cut-off:3 (if using 0 instead of 3, results are lousy!)

1st pass, where 'true' for London /NY opening:
trades=25, Net Profit=-$84, Profit trades=88%. Had small profit trades, some big losses.

2nd pass, where 'false' for London /NY opening:
trades=20, Net Profit=+$99, Profit trades=95%. Had small profit trades, one big loss - see attached schedule.

The large number of small profits (1 x pip to 5 pips) are still a problem, entry point logic needs extra attention? perhaps allow price freedom to move up/down early in the trade?

Also, the very big SL of 100 pips kills the small trades - I used smaller SL:50 in one test, results were worse!

Best wishes..............
Andy
Attached File(s)
File Type: doc FTC-V f-test-pass Ab.doc   163 KB | 258 downloads
  • #458
  • Apr 24, 2009 6:04am Apr 24, 2009 6:04am
Hi Andy!

The newest version is much better.

Download it and I think you will have different result.

Elovv
  • #459
  • Apr 24, 2009 6:34am Apr 24, 2009 6:34am
Quoting Elovv
Hi Andy!

The newest version is much better.

Download it and I think you will have different result.

Elovv
Hi Elovv,

I am using the latest vs f, downloaded yesterday, within this test

Regards, Andy
  • #460
  • Apr 24, 2009 10:26am Apr 24, 2009 10:26am
Version 1f. Today's results so far, $177 in profit.

Bernard
Attached File(s)
File Type: doc 090424-TC1f-Statement.doc   51 KB | 302 downloads
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
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