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Daily Quarter method

  • #181
  • May 18, 2009 2:41am May 18, 2009 2:41am
Hi Nilram

thx for the posted EA, which i am testing.

I get an error code : "Invalid ticket for order delete function".

I use Fxpro as broker on demo.

Can somebody help on this?

thx

PC



Quoting nilram
Here is an ea with the modifications mentioned in the last post. Also added is an option to set a max range from previous day (no trade if range is above the set number), the reason for this option is the rules in post #1 say: best daily range 200-300 pips and dont trade if daily range is more than 400 pips.
The ea is made for 5 digit brokers.

nilram
Less is more...
  • #182
  • May 18, 2009 2:46am May 18, 2009 2:46am
Quoting nilram
Here is an ea with the modifications mentioned in the last post. Also added is an option to set a max range from previous day (no trade if range is above the set number), the reason for this option is the rules in post #1 say: best daily range 200-300 pips and dont trade if daily range is more than 400 pips.
The ea is made for 5 digit brokers.

nilram
it makes a lot of error in ordering ...look at Journal in backtest
does these errors influence on results????

Saly
  • #183
  • May 18, 2009 3:54am May 18, 2009 3:54am
Hopefully some kind soul could double check the code

PC

Quoting $aly
it makes a lot of error in ordering ...look at Journal in backtest
does these errors influence on results????

Saly
Less is more...
  • #184
  • May 18, 2009 6:09am May 18, 2009 6:09am
Hi there , thank you Saly for ur great system.
i have a question.
what is the basis and philosophy of this system ? i mean why we should expect to get the target in this method ? is there any proof or something ..?
  • #185
  • Edited 6:41am May 18, 2009 6:21am | Edited 6:41am
Quoting sanazhot
Hi there , thank you Saly for ur great system.
i have a question.
what is the basis and philosophy of this system ? i mean why we should expect to get the target in this method ? is there any proof or something ..?
sanazhot,

 Though your question is not targeted at me, I am taking the liberty to present my view.

The basis behind the system is very simple: Follow the trend.
In the present case it is daily trend.

If you follow the daily candles for a particular 24 hour period, we can see that when the price travels a certain distance from its opening point , it generally follows the same direction. It retraces but generally it does not go below the opening point. In some days this may not work when the price travels one way for some part of the day, again it reaches its opening point and takes the opposite direction. But such cases do not occur often. For those currencies which are volatile like GBPJPY, this strategy works well.
  • #186
  • May 18, 2009 6:35am May 18, 2009 6:35am
pipcruiser,

I think the invalid ticket error is coming up because the EA is trying to close both of the original orders after one of them has been filled and achieved the TP, if oco is true. Nothing to worry about if that's the main error coming up

BB
  • #187
  • May 18, 2009 6:50am May 18, 2009 6:50am
Hi thx

for the answer, I dont know if the EA is coded to consider OCO. The error came before orders triggered or TP got hit.

PC

Quoting BontBoy
pipcruiser,

I think the invalid ticket error is coming up because the EA is trying to close both of the original orders after one of them has been filled and achieved the TP, if oco is true. Nothing to worry about if that's the main error coming up

BB
Less is more...
  • #188
  • May 18, 2009 7:09am May 18, 2009 7:09am
At the start of each day it will also attempt to close 2 open orders and 2 pending orders, which may also result in further errors being displayed. Again, nothing to worry about here.

I aint got MT4 running at the mo but by the looks of things OCO is one of the parameters and it is set to true by default.

These are the only 2 places where the OrderDelete is set.

BB
  • #189
  • May 18, 2009 7:39am May 18, 2009 7:39am
Quoting simplecoders
Results for 05/14/09

GMT +4

GBPUSD: 62 (closed at target)
EURJPY: 58 (manually closed )
GBPJPY: 83 (manually closed)

Net profit: 203 pips
I am sorry as there is evidently something very elementary that I'm missing. I believe it has to do with the stop loss scenarios. If, according to your post #153, I were to take a stop loss at either 3 pips above or 3 pips below the 04:00 closing price of 1.5131, according to the direction of the trade they would have been either 1.5134 or 1.5128. If this is the case both trades would have hit the stop loss prior to reaching the target of 62 pips.

Is it possible that the stop loss should be the close + r/4 + 3 for a short trade and - r/4 - 3 for a long?

Thanks for any clarification you may be able to offer.
  • #190
  • May 18, 2009 11:50am May 18, 2009 11:50am
Quoting simplecoders
GMT +4, vicforex.
Hi Simple coders! Please let me know that at what time your closing candle ends. GMT+3 or GMT+4. Thanks
Make money Not pips
  • #191
  • May 18, 2009 11:55am May 18, 2009 11:55am
It would be helpful if we can have an indicator which draws the levels for current day as well as last 10 days or more. With user deciding when his/her day begins.
  • #192
  • May 18, 2009 12:48pm May 18, 2009 12:48pm
today results :
EJ +92
GJ +74
GU +42
  • #193
  • May 18, 2009 12:54pm May 18, 2009 12:54pm
Quoting $aly
today results :
EJ +92
GJ +74
GU +42
Hi $aly

GU+43
GJ+75
EJ+75

Have a peacefull day

John from Durban
  • #194
  • May 18, 2009 1:09pm May 18, 2009 1:09pm
I did not trade today. As a rule I have decided to trade from Tuesday to Friday.
  • #195
  • May 18, 2009 1:09pm May 18, 2009 1:09pm
Quoting balle1973
Hi Simple coders! Please let me know that at what time your closing candle ends. GMT+3 or GMT+4. Thanks
GMT +4 dear
  • #196
  • May 18, 2009 1:12pm May 18, 2009 1:12pm
Quoting Pupsdad
I am sorry as there is evidently something very elementary that I'm missing. I believe it has to do with the stop loss scenarios. If, according to your post #153, I were to take a stop loss at either 3 pips above or 3 pips below the 04:00 closing price of 1.5131, according to the direction of the trade they would have been either 1.5134 or 1.5128. If this is the case both trades would have hit the stop loss prior to reaching the target of 62 pips.

Is it possible that the stop loss should be the close + r/4 + 3 for a short trade and - r/4 - 3...
The stop loss is always double target pips.If the target is closing price - 50 pips then the stop loss for that order would be closing price - 100pips.
  • #197
  • May 18, 2009 1:17pm May 18, 2009 1:17pm
Anybody trading using nilrams EA?

Dosent seem to cancel sell orders when buy trades are on. Even OCO os true. Anybody else have tried the EA? I still get the error codes every 5 sek...

thx

PC
Less is more...
  • #198
  • May 18, 2009 1:51pm May 18, 2009 1:51pm
Quoting simplecoders
I did not trade today. As a rule I have decided to trade from Tuesday to Friday.
which rule????
  • #199
  • May 18, 2009 3:16pm May 18, 2009 3:16pm
I think some of Pupsdad's confusion has come from the wording of the rules that simplecoders put down. i.e.

...
(3)* Divide the range by 4 ( 25% of the previous 24 hrs daily range)
(4) For Buy order Previous 24 hrs close + (3)*
(5) For Sell order previous 24 hrs close - (3) *
(6) Stop Loss; For buy order the stop loss is the opening of sell order and for sell order it is the opening of buy order.( This is the only difference with original rule posted by $ aly in the first post)

The +/- (3) * doesn't mean 3 pips but refers to the result of point 3. That's the only place I can see where the 3 pips might have come from....

Anyway, going to give the DQM EA a shot with a couple of small mods to tidy up the order closing. Will see what other problems there are then as well (or is it just you pipcruiser??!?!). Got the 43pips on GU today as well.

BB
  • #200
  • May 18, 2009 3:26pm May 18, 2009 3:26pm
Quoting pipcruiser
Anybody trading using nilrams EA?

Dosent seem to cancel sell orders when buy trades are on. Even OCO os true. Anybody else have tried the EA? I still get the error codes every 5 sek...

thx

PC
Updated ea, now with option to choose between 4 or 5 digit brokers.
Ea does cancel opposite pending order when open order hit TP, according to rules by $aly in post #1. setting named oco is renamed to TPco (TP cancel opposite) as it better describe the function.
About the errorcodes i dont know how to get around that, maybe another programmer will have a look at the code.

nilram
Attached File(s)
File Type: mq4 DQM2.mq4   5 KB | 256 downloads
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