Hi Steve Thank you for your response. I looked a little closer at the EA you made yesterday. I use the OZFX long or short to put my orders in. I only use the Swissy because there is no way to preprgram an order entry with it. I would really love an EA that would use whatever entry, like Ash's, then be able to put in 5 orders all at with successive exit take pofit areas such as 20-40-60-80 and breakeven at say 20. I only use the Swissy EA to breakeven all 5 orders from afar on a VPS Server. I find your Multi Purpose EA a challenge and really interesting. If I used the OZFX entry like last night on the Eur and Chf. I have to do it manually and then the VPS has to manage the breakeven. All these parts work, I am trying to figure out how to combine them if possible. You know, make life easier. I use the Stochastic Histogram 533 and the AO mostly to match for an entry. I also use a cross of the Slope Line v2 with a Damoni non lag Ma. Fractal and Gann Lines, Par on price I think the swissy Ea is an older version of your Multi Purpose EA. Bravo Thanks for all you guys do.
- #143
- Apr 26, 2009 11:26pm Apr 26, 2009 11:26pm
- Joined Jul 2007 | Status: 33 y/o Investor/Trader/Programmer | 5,016 Posts
- #149
- Apr 27, 2009 6:35pm Apr 27, 2009 6:35pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Steve do you have any set files that are working well, or could you make some for the pairs you are finding success with?
- The assumptions I have made when coding the robot are false to some degree. Coders will understand how eminently possible this is.
- The basic strategy is flawed. Only time will tell and I am not sufficiently experienced to say. Ash seems like a great guy, so I doubt it.
- Neither of the above are true, and market conditions have simply been against my implementation of the strategy.
Not yet being successful means I am not prepared to release set files that might ultimately cause others to lose money. If I start to make money consistently, then I will happily release the set files.
Should I be using Auto Calculate Take Profit and Stop Loss?
One thing I have noticed is that trades that hit -100 rarely recover. This is now my stop loss; only time will tell whether this is correct or not.
What do you see being a good number for Take profit on average?
I know these are not answers you were looking for, but they are the best I can do.
- #151
- Apr 29, 2009 2:45am Apr 29, 2009 2:45am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
In 10 days I have only had one negative trade. I use sl 125, tp 250, breakevenpips= 100, breakevenprofit = 20, JumpStoppips=100, Until you note I have had autostoploss = true.
I think I have been guilty of looking on too small a scale with my settings. Your risk|reward ratio of 1|1.5 is great.
I am definitely guilty of underestimating the robot, in saying it is only just breaking even. In fact, it is 477 pips to the good in the (around about) month I have been using it.
I attach another useful tool. This analyses the contents of the History tab by magic number or trade comment - handy for working out which robots have performed best. Put it onto a busy chart, mine is gj.
I am going to use this History Analysis Indicator! thank you
Have you ever tried your EA on 1 day or 1 hour to see if either work better? I think it may be very good on 1 day.
Have you ever tried your EA on 1 day or 1 hour to see if either work better? I think it may be very good on 1 day.
Cheers Gary. I will give these a go.
I think I have been guilty of looking on too small a scale with my settings. Your risk|reward ratio of 1|1.5 is great.
I am definitely guilty of underestimating the robot, in saying it is only just breaking even. In fact, it is 477 pips to the good in the (around about) month I have been using it.
I attach another useful tool. This analyses the contents of the History tab by magic number or trade comment - handy for working out which robots have performed best. Put it onto a busy chart, mine is gj.
Gary
- #153
- Apr 30, 2009 3:34am Apr 30, 2009 3:34am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
I am going to use this History Analysis Indicator! thank you
Have you ever tried your EA on 1 day or 1 hour to see if either work better? I think it may be very good on 1 day.
I hadn't thought to try it on the Daily; I might do that next week.
I am trading this robot live, so I pay closer attention to the trades that I would on a demo. I have started to cancel impending trades if all conditions have not been met within four candles of PSAR flipping over.
I think I should add this to the robot. Is there a consensus about how long after the PSAR flip a potential trade remains valid?
- #155
- Apr 30, 2009 1:17pm Apr 30, 2009 1:17pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Hi Steve: I am using your Ash FX Auto on my daily charts. I was wondering if you could put the ability of the take profit up to five different trades with programmable take profit in pips. I like to trade with 20-40=60-80 and one runner.
This has been very profitable to trade with this on a move from four hour to daily for several months.
Is this asking too much?
Thanks for any consideration
What do you do with the stops on outstanding trades, as each successful one hits tp?
- #158
- Apr 30, 2009 5:53pm Apr 30, 2009 5:53pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
So far the new settings are really working well for me. Have you noticed?
I do feel much more relaxed using your settings. The r|w ratio is so much more attractive.
I have a question about the lots. they should always be even number, correct? so that the Close Lot and Preserve lots will also be even.
for instance if I trade .6 I would want CloseLots to be .3 and preserve lot to also be .3 ( half and half).
Gary
Or: CloseLots to be .1 and PreserveLots .1 would close out .1 of the original trade at each jumping stop stage.
In whatever case, PreserveLots would be left to eventually stop out or hit a distant tp. This is how I overcome the problem of any kind of disconnection with the broker; the robot always knows how much to close and how much to preserve.
- #160
- May 1, 2009 3:43am May 1, 2009 3:43am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
TakeImmediateTrade... Why would this be false?
What is PendingTimeLimitMinutes?
I understand that Breakeven indicators will move stop loss to the the breakevenprofit amount when it hits the breakevenpips.
But I do not understand what JumpingStop and AddBep really does.
Gary
The two inputs you refer to show up in the user feedback but are not referenced anywhere else in the code, and so make no difference to the bot's running. If anybody wants a copy without these redundant inputs then sing out and I will put one up here.
Re jumping stop, I copy this from the instructions to mtpm; they should make this clear.
_____________________________________________________________
Stop Loss Manipulation
- Break even settings: set a break even stop loss after the price reaches the setting in BreakEvenPips. You can use this in conjunction with the Part-closure routine (details later), as well as a stand-alone routine.
- BreakEven: set to true to enable this facility.
- BreakEvenPips: the number of pips you want the market to move in your favour before setting the stop loss to the order entry price, ensuring the trade cannot turn into a loss.
- BreakEvenProfit: will add this to the stop loss to a buy order, subtract it for a sell order. My default of 2 pips means the sl is set to break even + 2, ensuring a minimum of 2 pips profit. Set it to 0 if you do not want this feature.
- Jumping stop loss settings:this will jump the stop loss by JumpingStopPips when the price moves in your favour by that number of pips. Many traders consider this to be a better option than a straight trailing stop. The first time this option is triggered by the market price, it will set the stop loss to break even. After that, it will increment the sl by JumpingStopPips every time the market moves sufficiently in your favour.
This routine incorporates settings to part-close a percentage of the profits every time the sl jumps.
- JumpingStop: set to true to enable this facility.
- JumpingStopPips: the number of pips to jump. For example, my default of 30 works like this:
- Market price hits order open price + 30: moves sl to break even.
- Market price hits order open price + 60: moves sl to + 30.
- Market price hits order open price + 90: moves sl to + 60.
- AddBEP: adds BreakEvenPips to the break even if set to 'true'.
- JumpAfterBreakevenOnly: use this in cooperation with BreakEvenSettings to manage longer-term or positional trades. If set to 'true', this will force JumpingStop to wait until the sl has been moved to breakeven before operating.
- ---- part-close settings----
- PartCloseEnabled: set this to 'true' to enable the routine.
- Close_Lots: this is the amount of the trade you wish to close at each jump.
- Preserve_Lots: this is the amount you want to leave 'on the table'. The ea will only close down the amount of the trade you specify in Close_Lots if there is more than this setting left to close.
For example, suppose you have a 1 lot trade. You want:
- The jumping stop to move the sl every 20 pips profit.
- Lock in 2 pips profit at the first jump.
- 0.2 lots of the trade closed at each jump.
- 0.4 lots of the trade left on the table to follow the move until tp or a retrace hits your stop.
These would be your settings:
- JumpingStop: true
- JumpingStopPips: 20
- AddBEP: true (and set AddBEP to 2 a little higher up)
- JumpAfterBreakevenOnly: false
- PartCloseEnabled: true
- Close_Lots: 0.2
- Preserve_Lots: 0.4
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