123 Pattern EA

Hi

I'm running the EA on 4 pairs: A/U; U/J; G/U; U/C

I left it on the over night and when I come in this AM-I have + $1,275 but the drawdown is $2,725 and it just keeps opening orders.

I have 15 open orders on those 4 pair - wow. I think I need to check my settings. Is there a way to limit the number of trades?

Jim (MrChips)

I have to plead ignorance, it works just great on GU. The ea I am using on FXSalt is the USDBot and not opti123, the settings for both are the same.

MrChips
What are your lot sizes. When I first set up this ea I was on .01 and when it started trading all available margin went into the trade and I ended up with anywhere from 60 to 120 trades on one pair. Then I changed my lot size to .05 and that reduced the number of trades. Like you, I do not know what determines how many trades will be taken at any given time.

Would you mind telling me who your broker is. Mine is FXSalt, I have the ea on demos with Iam and Jade but there are no trades on them.

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I 'm using Mastery's set file which has 1.0 as the lot size. The account is with MIG Bank.

MrChips,

Just checked my platform on Salt and I have 68 trades of .01 lots apiece. I had changed back to .01 to see if I was correct and Yes I am. It cleaned out my available margin but it is not so bad when the drawdown is positive.

I tell you if Salt would allow me to sign on I would definitely go live.

Ya'll we have action all three of my demo's have activity two are with USDbot and one is Opti123. All three have used all of my available margin to trade but only one broker is making a margin call warning and that is Jade. Stay tuned.

MT4 Stats - Share your MetaTrader 4 Statements with the world

I havent seen anyone explain this yet, and I dont know if this will get posted. They dont seem to be posting my comments anymore. Perhaps they dont want to hear about marketing hacks stealing their members property.

Anyway, Move Stop Once turns the feature on or off, its a true or false setting. Move Stop When Price is the number of pips in profit that the feature is activated at. And, Move Stop To is the number of pips in profit to move the stop to. The Move_SL features under the partial close section work in a similar manner.

This is what I have deduced through testing. I could be wrong, and would appreciate any corrections.

The TS will only trail once your in profit by the set amount. It wont trail from the +1 pip position.. That why with MetaTrader its nice to have the Move Stop feature to move the stop to breakeven quickly and then trail a wider stop. In this case, we also have the choice of the partial closing features, which actualy work on the opto123, I didnt believe it was possible. On the USDBOT they never seemed to work right.

Optojay,

Your Ea provides some very good trades but if the TP is not hit then PA can turn and go in the other direction. I have a 50,000 that had a drawdown of +12,000 and I checked back in on it and it is at -6,000. There is a chance I missed my profit. The stop loss was at 30 and wasn't close to being hit, so what is one to do, watch and close manually? My other two demo's closed for peanuts. Shame to see all that profit go to waste.

never mind your second post explained it all

Hi

This EA reminds me a little like Firebird. It's a good EA BUT if you blink too many times it will kill your account.

I have way too many trades open - it's on a demo so I can live with it BUT it's out of control.

I don't program but if I did I would try to put some setting in so that it would limit the number of open positions you could have at a time. I have 3 G/U trades open for -$1,200 drawdown. And 3 A/U trades with -1,000 drawdown.

On the bright side, it hasn't lost a trade yet +$2,650.

Any programers willing to try something like that???

Jim (MrChips)

MrChips, your ea must not be using all of your available margin like mine did. I did get hit by margin calls since the pa on eu has gone south. The only pair that has lost for me has definitely been the EU.

I don't miond the quantity of trades it's the cleaning out of my available margin that bothers me. If this goes into substantial draw down then I do have problems, maybe I should have closed out when I had a profit going (about 11%).
But I do have to say it is exciting "flying by the seat of your pants".

Just check my account and it seems that the EA needs manual intervention everyday.

I also get all trades on -ve and drawdown is huge.

Will further tone down the TP and SL to see the performance for next day.

Hi

I don't know what'e going on. I now have a profit of $3,250 and a drawdown of $670.

I reduced the lot size on all pairs and I turned Money Management on. What I see happening is it's closing trades without hitting the TP or the SL. So the profit is not as large BUT still no losing trades!!!

If you know how th turn history into report I'll show you what's going on.

That's doing the trick so far.

Jim (MrChips)

Just a question.....under money mangement I see risk...therefore if you put money mangement on and say risk to 2.....( I assume that would be 2% ).....that should control the amount of postions...???

Or am I completly wrong....

A small thought. I had MM on and risk at 0. The ea would not trade. In the upper left corner I had a message that I had a false risk parameter. so if you use MM then you apparently need to put in a risk factor. When I moved MM to off then the Ea script in left corner came back as normal.

Why does this not surprise me?

The fantastic gains I had this week have been negated byfalse trades in the Eu (again), so therefor I am moving this tf to daily.

I noticed today that not all brokers treat this EA the same. I have different trades, one has made no trades since early morning, one has given me a profit of over 400 on a 656 account, and one has lost 600 (you guessed it EU).

Hi

Someone here said that they had purchased US$BOT - if you did can you please upload the manual. I want to try some different settings and I need to know what each setting is supposed to do?

I open opto123 on 1 account Monday - thru today $4,200 in profit. Open on another account with different broker -$1,300 5 hours!!!

Thanks in advance!!!

Jim (MrChips)

Be careful with this thing it can easily go the other direction. I am using very conservative settings after all the losses the past two days.

hi mrchips!

that is great, can you just list the settings you used. or is it at the default settings

thanks

kos

As far as the manual is concerned I do not recall a manual that explained what the settings did. The first two posts tell you more that USDBot did in any manual.