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Attachments: First look at Ematrader's latest EA
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First look at Ematrader's latest EA

  • #101
  • Dec 12, 2009 5:50am Dec 12, 2009 5:50am
Quoting DubaiTrader
Whether he decides to sell it or offer it for free is his agenda, I take his word in good faith and the EA will be free.

that's my opinion too,
give ematrader a chance to prove if his intentions and words are honest,
which I not doubt!

time will tell

I'm looking also at the TTS method,
looks good.
  • #102
  • Dec 14, 2009 11:34am Dec 14, 2009 11:34am
Quoting mcko
From your example, it appears that your EA will be opening trades in groups or cycles?

If I understand it correctly, for each "cycle" there will be only one parent trade (ie. SELL) that will repeatedly open child trades of the opposite type (BUYS) until MaxTrades limit is hit. Once that parent closes, the cycle begins again, regardless of whether any children are still open?

Please refer to the code below if thats the case...
Hi ematrader - does the code attached to this from mcko do what you were looking for.
Is there any particular rules for when to open the child/retracement trades.

If not quite what you wanted, ask your questions again in a different way.

I will have another look at your earlier posts to see if they would fit with this type system.

cheers scalpz
Target 2 : Stoploss in the green
  • #103
  • Dec 15, 2009 11:56am Dec 15, 2009 11:56am
Quoting ematrader
Hi everyone,

First, The EA will be 100% FREE.

Second
MaxOrder is now okay but still need programming help (see my post #68)

I search all over the internet past few days did not found anything that will help.
They stay only 16 days of attended end to “the great day.” I am really curious.
I hope that you will put also the file with the parameters of this ea, Optimization set (.set)
  • #104
  • Dec 15, 2009 12:45pm Dec 15, 2009 12:45pm
Aren't you a little concerned with Liquidity issues from all of these people using your EA?

Ask Tim Hayder (if you don't know who it is, then you probably aren't ready to fully automate your account yet) and he'll tell you...more than 50 people using the EA will have all brokers looking for it and disrupting trades.

I appreciate your willingness to help everyone, but in reality you will be hurting yourself.


Just a thought.

Darren
  • #105
  • Dec 15, 2009 12:50pm Dec 15, 2009 12:50pm
Quoting pilotui
Aren't you a little concerned with Liquidity issues from all of these people using your EA?

Ask Tim Hayder (if you don't know who it is, then you probably aren't ready to fully automate your account yet) and he'll tell you...more than 50 people using the EA will have all brokers looking for it and disrupting trades.

I appreciate your willingness to help everyone, but in reality you will be hurting yourself.


Just a thought.

Darren
I agree this is very true.

I used a few EA's in the past and found myself receiving a telephone call from ODL saying that I was using "FAP Turbo" which I wasn't but a number of people were.

They closed down my account.....

Don't know how it would pan out on an ECN broker account with MB Trading but we'll have to wait and see. I don't even know if this EA will be compatible with a 2 stage broker.

fxtrader08
  • #106
  • Dec 15, 2009 12:50pm Dec 15, 2009 12:50pm
That's a funny comment, to think that 50 people using the same EA on various brokerage feeds will disrupt trade liquidity.

....

3.3 Trillion dollar transactional market vs. 50 retail traders. Why would a broker bother?
  • #107
  • Dec 15, 2009 12:54pm Dec 15, 2009 12:54pm
Quoting Risflex
That's a funny comment, to think that 50 people using the same EA on various brokerage feeds will disrupt trade liquidity.

....

3.3 Trillion dollar transactional market vs. 50 retail traders. Why would a broker bother?
Whilst 50 of us trading with the money we got from our piggy banks at home will not have any effect at all on liquidity, clearly ODL (which were high up in my book of best brokers) had an issue with a number of people using the same or similiar EA's....

fxtrader08
  • #108
  • Edited 1:44pm Dec 15, 2009 1:18pm | Edited 1:44pm
Banks trade with trillions of dollars from thousands of clients. Let's say each of us have a $100,000.00 forex account. Do you think the banks will care? Besides if 50 people keep winning there will be at least 2 newbie traders for each of us losing thier money trading blindly. Forex is the highest liquidity market and there is absolutely nothing to worry about. FAPturbo is not illegal, I know several traders that use it and not a problem. They wouldn't allow Metatrader 4 platform if the e.a.'s were a potential harm to the forex market. Many forex brokers offer Automated trading from other service providers. Automated trading or no, there will always be winning and losing systems, but that doesn't worry anybody. Not even the US stock market worries about winning automated trading.

And you are worried about Forex liquidity? LMAO


Quoting pilotui
Aren't you a little concerned with Liquidity issues from all of these people using your EA?

Ask Tim Hayder (if you don't know who it is, then you probably aren't ready to fully automate your account yet) and he'll tell you...more than 50 people using the EA will have all brokers looking for it and disrupting trades.

I appreciate your willingness to help everyone, but in reality you will be hurting yourself.


Just a thought.

Darren
  • #109
  • Dec 15, 2009 1:24pm Dec 15, 2009 1:24pm
You dim-wit's!

Not BANK liquidity...your broker "real-time" liquidity.

Of those who think this is so "silly"...how many of you have legit payed for an EA and used it longer than 5 months...

???
  • #110
  • Dec 15, 2009 1:53pm Dec 15, 2009 1:53pm
Quoting fxtrader08
Whilst 50 of us trading with the money we got from our piggy banks at home will not have any effect at all on liquidity, clearly ODL (which were high up in my book of best brokers) had an issue with a number of people using the same or similiar EA's....

fxtrader08
I would say that clearly ODL has a problem with any trader that wins more than he /she loses.
They obviously are taking the other side of the trade AGAINST you.
A broker should be there to facilitate your entry into the market, period.
A broker that holds the other side of the trade has a vested interest in you losing.
I do believe I would take my business elsewhere.
  • #111
  • Dec 15, 2009 2:06pm Dec 15, 2009 2:06pm
Quoting tommyd
I would say that clearly ODL has a problem with any trader that wins more than he /she loses.
They obviously are taking the other side of the trade AGAINST you.
A broker should be there to facilitate your entry into the market, period.
A broker that holds the other side of the trade has a vested interest in you losing.
I do believe I would take my business elsewhere.
I agree. Only those who have a broker who trades against them will have a problem with this EA. If you do have a broker like that, change to one who just makes on the spread and swap.
  • #112
  • Dec 15, 2009 2:11pm Dec 15, 2009 2:11pm
Quoting ForexKiwi
I agree. Only those who have a broker who trades against them will have a problem with this EA. If you do have a broker like that, change to one who just makes on the spread and swap.
I might try MB Trading....

But they only offer USD accounts and I dont feel comfortable taking a long term bet on the USD. My base currency is GBP.

Will have to have a long hard think about it.

fxtrader08
  • #113
  • Dec 15, 2009 2:14pm Dec 15, 2009 2:14pm
I was referring to that too.

What are the chances of all 50 users using the same broker? Unless EMA turns out to be a commercial seller, requesting an affiliate brokerage sign up, what are the odds?

What are the odds there's enough of us, who actually USE the EA properly on OOTB settings to cause liquidity connections problems?

It's a farcry, and not much of a problem to really be worrying about.


Quoting pilotui
You dim-wit's!

Not BANK liquidity...your broker "real-time" liquidity.

Of those who think this is so "silly"...how many of you have legit payed for an EA and used it longer than 5 months...

???
  • #114
  • Dec 15, 2009 5:10pm Dec 15, 2009 5:10pm
Quoting pilotui
Aren't you a little concerned with Liquidity issues from all of these people using your EA?

Ask Tim Hayder (if you don't know who it is, then you probably aren't ready to fully automate your account yet) and he'll tell you...more than 50 people using the EA will have all brokers looking for it and disrupting trades.

I appreciate your willingness to help everyone, but in reality you will be hurting yourself.


Just a thought.

Darren
If I am not wrong, Tim's EA's trade exotics or low liquidity crosses? Theres a big difference between trading say.. eur/usd and trading eur/cad. A very very big difference. There may be a few EA hunting brokers out there *Cough* interbankfx *Cough* but trading a grid EA for example, is not harmful to a broker who nets or client hedges. The only brokers who will be effected are those who are trading 100% against all trades. Which given market conditions, is a good way to go bankrupt these days. Either way, an ECN wil fix your problems.
  • #115
  • Dec 15, 2009 6:19pm Dec 15, 2009 6:19pm
Go with JadeFX. ECN broker run by EA traders. Less than 1 pip on EURUSD and USDJPY with .5 pip commission.
  • #116
  • Dec 19, 2009 6:04pm Dec 19, 2009 6:04pm
Quoting ematrader
Hi everyone,

First, The EA will be 100% FREE.

Second
MaxOrder is now okay but still need programming help (see my post #68)

I search all over the internet past few days did not found anything that will help.
Hi Ematrader

You posted a pretty amazing trade history a few weeks ago. I'm just wondering if you have continued to trade the EA in the past couple of weeks while you have been modifying it, and if so whether it has continued to show similar results?

Thanks
ForexKiwi
  • #117
  • Dec 20, 2009 4:34pm Dec 20, 2009 4:34pm
Quoting tommyd
I would say that clearly ODL has a problem with any trader that wins more than he /she loses.
They obviously are taking the other side of the trade AGAINST you.
A broker should be there to facilitate your entry into the market, period.
A broker that holds the other side of the trade has a vested interest in you losing.
I do believe I would take my business elsewhere.
Phoned ODL a few weeks ago they said they were completely ECN and took profit only from commission?
  • #118
  • Dec 21, 2009 10:17am Dec 21, 2009 10:17am
I hope Pilotui didnt get U skared with his information, and U are still willing to share yours EA in the New Year , It would be nice for a change to really start making money on this market

So far I am playing with sample that U posted here on the demo account, but Iam not sure sample it seems something dont complete is one thing and I am not sure with setting is the other thing.

Christmas Grreeting to all of traders on FF.

Santaklos
  • #119
  • Dec 24, 2009 10:57pm Dec 24, 2009 10:57pm
Very impressive video on the first page. Will wait for release of the EA.
Best wishes
The Road appears under the steps of walking men...
  • #120
  • Dec 25, 2009 9:31am Dec 25, 2009 9:31am
Quoting pilotui
Aren't you a little concerned with Liquidity issues from all of these people using your EA?

Ask Tim Hayder (if you don't know who it is, then you probably aren't ready to fully automate your account yet) and he'll tell you...more than 50 people using the EA will have all brokers looking for it and disrupting trades.

I appreciate your willingness to help everyone, but in reality you will be hurting yourself.


Just a thought.

Darren

"more than 50 people using the EA will have all brokers looking for it and disrupting trades" -- now that's the dumbest thing I've ever heard. Did you just fall off the turnip truck yesterday?
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