now TP more than 1x1 ATR and no move SL- necessary wait to 8,00 ?
bj thx
bj thx
Attached Image (click to enlarge)
BJ
Mister ED's 4 hour Heikin Ashi system
I, too, have had ver 7 activated but no trades. I see 100's of messages on Experts tab, but none on screen. Included are several error 130 attempts to open a trade:
"18:31:31 MisterED_v0.7.0 EURUSD,H1: INFO: CheckTrigger - HA colour change found, triggering SELL direction trade (SELL,2:BUY)
"18:31:31 MisterED_v0.7.0 EURUSD,H1: ERROR: CheckTrigger - order submit failed (MT Code: 130 Desc: invalid stops)
Wish I had programming skills so I could be more help, but I'm happy to test and report. It's looking very promising. Thanks for all your effort!...
These messages should make to the chart as well...In order to investigate this would you attach the log files
- path to MT/experts/logs/20090727.log
- path to MT/logs/20090727.log
Thanks!
LongBar
I did some extensive testing over the weekend (with version 0.6 though) and the EA runs great.
It's very difficult to get backtests done because as soon as I get results for the various pairs and TF's, you come up with an upgrade and the whole thing starts from scratch - which is a good thing though
So far, I came to one big conclusion: it all depends on money management. how many pips are you willing to risk on a trade and what is the risk/reward ratio. with some pairs I had to increase the ATRmultiplier to get my goal of a 20% ROI per year but then the drawdown increased as well so sometimes over 10%.
i am trying to find a good balance with the highest ROI and a max drawdown of 5%
partial profit taking is not always the best way. also it seems that for h4 and daily setups an shorter ATR period (<20) works better.
i'm quite busy right now with my J.O.B but as far as I can see with v0.8 you're on the right track. you're right, the status feedback needs some improvement. can you incorporate a variable that holds the current maxpipdrawdown during an open order? to know the drawdown over a period of time on closed orders is a good thing but it doesn't say anything about the drawdown during a trade.
ok, got to go... the wife is calling for the fourth time already
AZBOfin
I did some extensive testing over the weekend (with version 0.6 though) and the EA runs great.
It's very difficult to get backtests done because as soon as I get results for the various pairs and TF's, you come up with an upgrade and the whole thing starts from scratch - which is a good thing though
So far, I came to one big conclusion: it all depends on money management. how many pips are you willing to risk on a trade and what is the risk/reward ratio. with some pairs I had to increase the ATRmultiplier to get my goal of a 20% ROI per year but then the drawdown increased as well so sometimes over 10%.
i am trying to find a good balance with the highest ROI and a max drawdown of 5%
partial profit taking is not always the best way. also it seems that for h4 and daily setups an shorter ATR period (<20) works better.
i'm quite busy right now with my J.O.B but as far as I can see with v0.8 you're on the right track. you're right, the status feedback needs some improvement. can you incorporate a variable that holds the current maxpipdrawdown during an open order? to know the drawdown over a period of time on closed orders is a good thing but it doesn't say anything about the drawdown during a trade.
ok, got to go... the wife is calling for the fourth time already
AZBOfin
- #451
- Edited 2:14pm Jul 28, 2009 1:09pm | Edited 2:14pm
This is where it gets "interesting"
In order to investigate this would you attach the log files
- path to MT/experts/logs/20090727.log
- path to MT/logs/20090727.log
Thanks!
I think the display problem was because I had added the ATR_pips_comment indicator from this thread and it was in the upper left corner, same as your EA. When I remove the ATR indicator or start a chart and just add MisterEd (now ver 8) I eventually see the status and message. I miss having the ATR and 50/200 values shown on the chart. Is there any way to add them to your status info? Or allow the user to set your info in any of the 4 chart corners?
However, I'm still getting the error 130 invalid SL when it attempts to enter an order. I'm using FXCM and they have a 1/10 pip price. Could that be it?
Thanks again for all your effort.
I've edited my post above: the original experts log attachment was about 19 MB, too large for the forum. I selected a representative part of the file and uploaded it.
FXCM does not allow MT4 orders to include SL/ TP. They must be added by modifying the existing trade. Is that the problem? Hope it can be fixed as I've been using FXCM for several years and am very satisfied with their service and quality. Would hate to have to go broker hunting, again.
- Submit market order with no SL & TP
- Modify the new ticket to add the SL & TP
To enable this feature set TwoStepOrderSubmit to true, otherwise keep this to false.
IMPORTANT: this feature is NOT fully functional as it will submit orders fine when everything goes right without errors. However NO appropriate exception handling logic is in place should the second leg of the market orders fail, ie the (successful) first order will have no SL or TP associated should the second fail! EA will stop in this case and this must be adjusted manually as soon as possible before EA is re-enabled.
Please check this out to see orders on FXCM now get through...
- #455
- Jul 28, 2009 5:39pm Jul 28, 2009 5:39pm
I extended the EA with a new feature to be able to perform market entry in two steps:
- Submit market order with no SL & TP
- Modify the new ticket to add the SL & TP
To enable this feature set TwoStepOrderSubmit to true, otherwise keep this to false.
IMPORTANT: this feature is NOT fully functional as it will submit orders fine when everything goes right without errors. However NO appropriate exception handling logic is in place should the second leg of the market orders fail, ie the (successful) first order will have no SL...
- #457
- Edited 8:26pm Jul 28, 2009 8:24pm | Edited 8:26pm
[/ATTACH]
Hi Bils
Your candle height is 53 pips (1.4182 - 1.4129). Your ATR is 51 pips.
A valid setup would therefore be a signal candle that is between 50% and 200% of the ATR value ie signal candle between 26 and 102 pips height. Your candle is 53 and therefore is a valid setup.
Beware at the moment there are some large candles with reversals immediately. Your candle pattern will depend on what time frame you are using. I have attached my chart to show that I had a different setup from you because of my server time.
Hope this helps,
Mister ED
At the cost of looking naive I have to clerify the value of ATR and the calculations.
Suppose we get a color change candle of EURUSD. The candle has its high as 1.41828 and the low is 1.41294. The ATR oscillator show its value as .0051 Now how to calculate if its a valid signal.
Your help will be greatly appreciated
Your candle height is 53 pips (1.4182 - 1.4129). Your ATR is 51 pips.
A valid setup would therefore be a signal candle that is between 50% and 200% of the ATR value ie signal candle between 26 and 102 pips height. Your candle is 53 and therefore is a valid setup.
Beware at the moment there are some large candles with reversals immediately. Your candle pattern will depend on what time frame you are using. I have attached my chart to show that I had a different setup from you because of my server time.
Hope this helps,
Mister ED
