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Nanningbob 60x90 EA

  • #1,821
  • Apr 23, 2009 2:34pm Apr 23, 2009 2:34pm
hey guys i need some help. my EA was working perfectly with the LiteForex demo account but when i went live with them on their live account i keep getting 'OrderSend error 131'

their LiteForex live accounts are denominated in USC or United States Cents. for example when i transferred $80 US dollars it says there are 8000 cents in the account.

any ideas on how i might fix this? could someone modify the code for me?? thanks very much for any help
Attached File(s)
File Type: mq4 Hypercore V1.mq4   23 KB | 341 downloads
change the future, not the past
  • #1,822
  • Edited 4:16pm Apr 23, 2009 3:56pm | Edited 4:16pm
This thread discussed spreads with different brokers in the past, and I have finished modifying an indicator that will display multiple pair spreads along with min, max with a time stamp, all on one chart. I have attached the indicator and template to display on a black background. It's basic but gets the job done. For IBFX accounts that use an "m" at the end of each pair, please enter that into the suffix field. When not using a 5 digit broker, set the field to false.

Bioquim
Attached File(s)
File Type: ex4 Spread v3.6.ex4   9 KB | 309 downloads
File Type: tpl spreads.tpl   8 KB | 293 downloads
  • #1,823
  • Apr 23, 2009 10:57pm Apr 23, 2009 10:57pm
Quoting 137
hey guys i need some help. my EA was working perfectly with the LiteForex demo account but when i went live with them on their live account i keep getting 'OrderSend error 131'

their LiteForex live accounts are denominated in USC or United States Cents. for example when i transferred $80 US dollars it says there are 8000 cents in the account.

any ideas on how i might fix this? could someone modify the code for me?? thanks very much for any help

I think, it has got do with lot size. If it is a Cent account, then you may have to change the lot size to 0.1.
"Put all your efforts in becoming effortless"
  • #1,824
  • Apr 24, 2009 5:26am Apr 24, 2009 5:26am
Quoting Toothman
Live trading for 5 weeks- + $150.00. Been getting out on thursday mornings so I've given up some potential money. Also closed down one (10) level trade on a retrace with a small $3 profit which would have later netted me over $70. Slow but steady. IBFX is giving me absolutely no problems with slippage or requotes trading the EUR/USD exclusively.

I believe the 100x40 is a hedge system. Can you just operate two separates accounts with one buying and one selling, once hedging is banned? Has anyone tried this yet?
  • #1,825
  • Apr 24, 2009 5:52am Apr 24, 2009 5:52am
Quoting jthomas71
I believe the 100x40 is a hedge system. Can you just operate two separates accounts with one buying and one selling, once hedging is banned? Has anyone tried this yet?
jt,
The 100x40 only trades in one direction so no problems with new NFA rules. I think the EA is in the " Is this my holy grail " thread.
  • #1,826
  • Apr 24, 2009 6:02am Apr 24, 2009 6:02am
This may be way off topic, but has anyone considered just having an ea place a single trade at 100ma with 60 pip retrace and a 20 pip stoploss? If this has been brought up in the thread before, please direct me to it.
  • #1,827
  • Apr 24, 2009 9:47am Apr 24, 2009 9:47am
Quoting dmjservices
i have a few ideas to help

(1) we need a stop trading setting that finishes up with the trades we are in. and adds retraction trades if needed but does not start a new trading group.
this would be good for news days and weekend.

(2) some form of spike indicator that can be set to dump trades or stop trading

(3) some form of trend indicator, (i have thought about this and i think something that may help is the MA distance to entry, this number could be changed as it goes farther into the trend)
you know trade with the overall trend.
Hi DMJ,

There is a way to avoid the spiking, too. This is taken directly from Jason Fielder's, "Scalping Cheat Sheets".

When are choppy/ranging markets most likely to occur?

The best times that I have found to scalp the market using counter-trend strategies are:

• Off-Hours Trading (Specifically between 3:00pm and 7:00pm EST)
• Pre-News Trading (12 to 15 hours before a large news announcement)

These time-frames may seem a bit odd at first glance, but if you think about it a little more closely they makes perfect sense!

Lower market activity typically results in choppy markets. And since choppy markets are what we’re after, then off-hours trading (i.e. when the banks are closed) and pre-news announcements are some of the most predictable times of “chop” because these time-frames have some of the lowest trading activity of all!

Hopefully that will help as I myself have found that time frame of 3pm - 7pm EST to be spot on.


Vincent
  • #1,828
  • Edited 7:52pm Apr 24, 2009 1:58pm | Edited 7:52pm
I went ahead and participated in the IBFX contest this month. The first couple of days were rocky but then I settled down and went on a nice all month winning streak after trading exclusively the 180x200 EA starting April 5th. I started the 180x200 exclusively when I hit about 404 in my account. So I made 160+ with just this system or 40 bucks a week. I traded .02 lots for the month. I don't have the final tally of the contest but I ended up 52nd place with a 25% increase of my account with one day left. Not a bad return for conservative trading. Here is a pic of my results. My biggest DD was 150 bucks and that happen last week when the eur/jpy and gbp/jpy went for a dive.
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
  • #1,829
  • Apr 24, 2009 4:01pm Apr 24, 2009 4:01pm
Quoting nanningbob
I went ahead and participated in the IBFX contest this month. The first couple of days were rocky but then I settled down and went on a nice all month winning streak. I traded .02 lots for the month and started with 470 dollars and ended up with 567 bucks. I dont have the final tally of the contest but I ended up around 54th place with a 25% increase of my account.
Bob, that's a terrific job. You rock!

and I guess that you are only trading a few pairs, not in an agressive MM manner.

With these 2 months, my account was hit quite a few times. These hit could've been avoided, and I realised that this system indeed require experiences and understanding of its core.

and this system might have unlimited variation of settings that make itself lasting. I gradually realised this point.
  • #1,830
  • Apr 24, 2009 4:04pm Apr 24, 2009 4:04pm
Quoting qz10cq
Bob, thread this EA has to go on it's own chart and will close all trades when the preset (adjustable) of -1000 hits, it also will protect profits and close all trades no matter what step there on. Advantage could be not going so deep into the steps and controlling your losses. When profit is +100 it protects 50, when it's +200 it protects 100 and increases as profit increases. If you had 10 trades on and had a total 200 profit then it pulled back when it reached 100 profit it would close all 10 trades and you would have to start again. Sort of...
Hi qz,

Are these eas actually scripts to work on all charts along with the 60x90 or are they completely seperate eas?

Thanks

Vincent
  • #1,831
  • Apr 24, 2009 6:14pm Apr 24, 2009 6:14pm
Quoting IamTHAT
I think, it has got do with lot size. If it is a Cent account, then you may have to change the lot size to 0.1.
yeah that makes sense, thanks! i missed a bad trade anyways so it all works out...
change the future, not the past
  • #1,832
  • Apr 24, 2009 7:45pm Apr 24, 2009 7:45pm
I added the 180x200 EA that I used in the IBFX contest on post #1. I had really good success with it and it is a wider range EA than the 60x90. My win ratio for 3 weeks of live trading was 78 %.
  • #1,833
  • Apr 24, 2009 11:31pm Apr 24, 2009 11:31pm
Quoting nanningbob
I added the 180x200 EA that I used in the IBFX contest on post #1. I had really good success with it and it is a wider range EA than the 60x90. My win ratio for 3 weeks of live trading was 78 %.
Wonderful.
Can you elaborate on the pairs used, multiplication etc. With this setting probably we can trade JPY and GBP pairs also. Probably no need to babysit.

I am also trying to alter this EA to place Stop orders which works ok. I found out that Stop orders can handle spikes well by skipping orders in between or altogether. Also we can override this EA by closing stop orders in case of volatile market conditions.
"Put all your efforts in becoming effortless"
  • #1,834
  • Apr 24, 2009 11:35pm Apr 24, 2009 11:35pm
thank you BOB for all your great work and generosity!
  • #1,835
  • Apr 25, 2009 1:24am Apr 25, 2009 1:24am
Quoting charvo
THAT'S not hard to code. i tried that 2 months ago. it is simply no good for this system.

much of profit comes from spike then retracing. if removing those entries, this system may change greatly its nature, by only entering market during peaceful times, and trades may often last longer than 1 day, which is dreadful and dangerous.
can you set up a stop new trades cycles so we can shut it down Thursday and it has all day Friday to finish up with the cycles that are open.

also if you guys want a piece of sript for 5 digit and 4 digit eas
i found this and it might help

First at the top of your EA, just below the external variables declarations, put this line…
double dXPoint = 1;
Then in your init function add the following…
if(Digits==3||Digits==5){
dXPoint=10;
}
Find EVERY occurence of the ‘Point’ variable in your code (Ctrl-F, enter ‘point’ - no quotes - and then F3 for every other occurence). These will normally be your TAKEPROFIT or STOPLOSS variables.
Then instead of, for example…
TAKEPROFIT*Point;
…change it to…
(TAKEPROFIT*dXPoint)*Point;
The brackets/braces are VERY important so don’t leave them out!
Once you’ve done that you’ll be ok for most EA’s but some EA’s will use the brokers spread variable within the code. It might look like this…
double dSpread = MarketInfo(Symbol(), MODE_SPREAD);
…change it to…
double dSpread = MarketInfo(Symbol(), MODE_SPREAD)/dXPoint;
The other thing to remember is your SLIPPAGE variable. Now you can either change it manually by, for example, changing 3 to 300, or you can have it happen automatically. If you want it to be automatic just change what you added to the init function to look like this…
if(Digits==3||Digits==5){
dXPoint=10;
SLIPPAGE = SLIPPAGE*dXPoint;
}
That’s it!
Your EA should now be compatible with both 4 and 5 decimal place brokers.
Hope that helps you some.
Steve
PS: Remember to ALWAYS make a backup copy of your EA before you start editing the code.
Share and Enjoy:
the markets moving, time to get in!
  • #1,836
  • Apr 25, 2009 1:25am Apr 25, 2009 1:25am
Quoting IamTHAT
Wonderful.
Can you elaborate on the pairs used, multiplication etc. With this setting probably we can trade JPY and GBP pairs also. Probably no need to babysit.

I am also trying to alter this EA to place Stop orders which works ok. I found out that Stop orders can handle spikes well by skipping orders in between or altogether. Also we can override this EA by closing stop orders in case of volatile market conditions.
The pairs I used are in the profile. The multiplication was 2.0. About the only major pair I removed after a couple of days is the gbp/nzd. You can also be wary of the gbp/jpy under certain market conditions but that would be major news stories. I also tried one weekend to hold onto and play the gaps and it did handle it but that is when I had my biggest DD. The Eur/jpy went 3 levels deep and the GBP/jpy went 4. If I hadnt tried that no trade went over 2 levels deep. So you can see there is room for that. I also stuck this EA on top of my 4H trading system and it worked excellent. If you remember in the 100x40 thread we tried that for a while but the 100x40 EA couldnt handle certain conditions. Well this one can. I am going to test that system for another week and tweak it. It also had exciting results. I want to run this again in next months contest.

I tried the EA that only enters when the spread is at a certain range but the entries were all over the board. I want to know if someone else has used the EA that limits entering off of high spreads and how they are doing? Also if they are doing well what spread limits are they using with which pairs?
  • #1,837
  • Apr 25, 2009 1:33am Apr 25, 2009 1:33am
Quoting IamTHAT
Wonderful.
Can you elaborate on the pairs used, multiplication etc. With this setting probably we can trade JPY and GBP pairs also. Probably no need to babysit.

I am also trying to alter this EA to place Stop orders which works ok. I found out that Stop orders can handle spikes well by skipping orders in between or altogether. Also we can override this EA by closing stop orders in case of volatile market conditions.
I see there has been some discussion with spikes but they have not posed a problem with me. The bigger problem is the long steady trend that does not retrace and slowly twists your big toe off over several days. Those have been my biggest headaches cause they always look like they will turn and reverse at some point. I actually like spikes, I make good money on them.
  • #1,838
  • Apr 25, 2009 1:37am Apr 25, 2009 1:37am
Quoting dmjservices
can you set up a stop new trades cycles so we can shut it down Thursday and it has all day Friday to finish up with the cycles that are open.

also if you guys want a piece of sript for 5 digit and 4 digit eas
i found this and it might help

First at the top of your EA, just below the external variables declarations, put this line…
double dXPoint = 1;
Then in your init function add the following…
if(Digits==3||Digits==5){
dXPoint=10;
}
Find EVERY occurence of the ‘Point’ variable in your code (Ctrl-F, enter...
I have seen this coding in other EAs but I have never gotten it to work, actually havent had the time. I think someone earlier has posted one with it. Does it work? Has anyone tested it?
  • #1,839
  • Apr 25, 2009 1:43am Apr 25, 2009 1:43am
"can you set up a stop new trades cycles so we can shut it down Thursday and it has all day Friday to finish up with the cycles that are open."

I just turn the EA off and manually trade my way out on Friday. I will reenter manually or close manually.
  • #1,840
  • Apr 25, 2009 1:49am Apr 25, 2009 1:49am
Quoting nanningbob
I see there has been some discussion with spikes but they have not posed a problem with me. The bigger problem is the long steady trend that does not retrace and slowly twists your big toe off over several days. Those have been my biggest headaches cause they always look like they will turn and reverse at some point. I actually like spikes, I make good money on them.

Spikes should not be a problem when the steps are huge like in your present EA with few orders in-between. I prefer to use a multiplication of no more than 2 and naturally I will have more levels. I am trying to squeeze out more trades with a small account and that causes problems.
Long steady trend, as you mentioned is real headache with hardly any retrace to our requirement. This happens with EURUSD or EURJPY. I think stop orders can solve this by entering trades during reverse journey.
"Put all your efforts in becoming effortless"
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