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123 Pattern EA

  • #141
  • Feb 19, 2010 1:44am Feb 19, 2010 1:44am
Attached is my settings and trade results... I would like to just open 1 trade per pair, let the partials work, and then have it close itself. I was hoping there would be a setting for maximum trades/pair open at the same time.
I have had this do the same thing for timeframes from 1m to 4h. I never did try at Daily. No reason to, the ea was making trades thru all the other time frames.
I dunno...
Attached File(s)
File Type: xls Opto123.xls   52 KB | 1,264 downloads
  • #142
  • Feb 19, 2010 8:03am Feb 19, 2010 8:03am
Quoting etvolare
Attached is my settings and trade results... I would like to just open 1 trade per pair, let the partials work, and then have it close itself. I was hoping there would be a setting for maximum trades/pair open at the same time.
I have had this do the same thing for timeframes from 1m to 4h. I never did try at Daily. No reason to, the ea was making trades thru all the other time frames.
I dunno...
can you pls send the settings along with the tf which you used.

Thanks,
Prakash
  • #143
  • Feb 19, 2010 9:13am Feb 19, 2010 9:13am
Hi etvolare

I saw your setup on your excel spreadsheet. I'm having a problem setting up my set file from your setup there.

Is it possible to post your .set file? I like your results even though there were too many trades for one day.

I would like to try your settings and see if I can tame the EA.

Thanks
Jim (MrChips)
  • #144
  • Feb 19, 2010 9:23am Feb 19, 2010 9:23am
Opto any ideas why it doesn't work on jadefx platform? Strange, kinda curious
  • #145
  • Feb 19, 2010 4:14pm Feb 19, 2010 4:14pm
Interesting ea, can anybody tell me why it opens image editor when I try to download that ea file in post #1. Thanks a lot for any help.
  • #146
  • Feb 21, 2010 6:43am Feb 21, 2010 6:43am
Quoting power
I tried using the EA in strategy Tester but I get a message stating tha EA is no in Live mode please change setting.....How di I get to test the EA in ST?
I got the same issue. Anyone can assist where did I go wrong?

I have attached a pic in word format
Attached File(s)
File Type: doc mt4.doc   468 KB | 935 downloads
  • #147
  • Feb 21, 2010 10:54am Feb 21, 2010 10:54am
I have finally finished reading this Thread and know that with without a doubt, I will make money with this EA until the brokers get fed up with it. But then with a bit of human intervention the brokers can't really stop a good trend EA when the user identifies the trend and sets the EA to either "long only" or "short only".

Heck I have made money with the old Forex Autopilot simply by identifying the trend and getting out of the trades before the trend reverses by using various indicators. When the trend comes close to ending, I simply turn off that Particular EA until another trend resumes.

No EA has the magic grail to function on it's own without human intervention. Not saying that one will never be programmed but when it is released the banks will have it first and fight tooth and nails not to lets us have at it.

But the one word of advise I have for the posters of this trend is "DISCIPLINE".

Happy Trading and learn to master this trade, it can pay off BIG TIME!

PS: Some of you I PMed before finishing reading the Thread, my apologies.
  • #148
  • Feb 21, 2010 1:55pm Feb 21, 2010 1:55pm
Is their a indicator that just shows the 123 pattern
  • #149
  • Feb 22, 2010 1:47am Feb 22, 2010 1:47am
Quoting 7877057
I got the same issue. Anyone can assist where did I go wrong?

I have attached a pic in word format

Try attaching it to a chart first. Even on a demo account, attaching it to a live chart will activate it
  • #150
  • Feb 22, 2010 1:55am Feb 22, 2010 1:55am
Quoting ClearTrade
I have finally finished reading this Thread and know that with without a doubt, I will make money with this EA until the brokers get fed up with it. But then with a bit of human intervention the brokers can't really stop a good trend EA when the user identifies the trend and sets the EA to either "long only" or "short only".

Heck I have made money with the old Forex Autopilot simply by identifying the trend and getting out of the trades before the trend reverses by using various indicators. When the trend comes close to ending, I simply turn...

This is one of the best ways I know to use an EA, especially ForexAutoPilot. Let the EA do the short term trading 24/5, and you choose and assign the longer term direction.
  • #151
  • Feb 22, 2010 2:08pm Feb 22, 2010 2:08pm
Quoting 7877057
I got the same issue. Anyone can assist where did I go wrong?

I have attached a pic in word format
See the big "expert advisor" button at the top of metatrader? Hit it and the EA will work on any chart as well as in the strategy tester. You'll see a big happy face when the button is active.
  • #152
  • Feb 22, 2010 2:36pm Feb 22, 2010 2:36pm
opto how come it doesn't on jadefx? the demo link is here http://www.jadeinvestments.com/demo.htm

had all functions switched on for allowing live trading

could it be the symbol names? they are nine characters in length
  • #153
  • Edited 4:01pm Feb 22, 2010 4:00pm | Edited 4:01pm
Hi SIM, had the same problem with I am FX as i did with Jade and closed it up. Don't know what it is , it may be the broker.

Masterforex and Interbank are doing ok.
  • #154
  • Feb 22, 2010 6:55pm Feb 22, 2010 6:55pm
I am not an expert on EA's whatsoever, so I have a question that may seem dumb. In the very first post of the thread it lists some downloadable files for us to get started using this system. One of the files it lists is the "opto123.zip" file, and another file listed is the "opto123 EA v1.1.mq4". I would like to know what is the difference between the two files. Aren't they both EA's? Which one do I install into my trading platform?

Again, excuse my ignorance in these matters. I'm just a simple trader unaccustomed to the complex world of EA's.
"Trading is a mental sport." - Ziad Masri
  • #155
  • Feb 22, 2010 7:24pm Feb 22, 2010 7:24pm
Hidden in one of the above paragraphs was the statement that the zip file was a file on his settings, so the other is your EA. Just download and the platform will open the mq4 file. Open the zip file and download in the settings folder.
  • #156
  • Feb 22, 2010 10:07pm Feb 22, 2010 10:07pm
Thank you Keysharp. I got the EA installed on my charts. I tried to install the "opto123.zip" file the exact same way as I did the EA, but it will not install that way. Am I doing something wrong? How is it suppose to be installed? (By the way, this question is for whomever knows the answer).
"Trading is a mental sport." - Ziad Masri
  • #157
  • Feb 23, 2010 2:29am Feb 23, 2010 2:29am
Once you have downloaded into your download file, double click on the folder. If nothing happens then you need to download a program to unzip the zip file. Once you unzip the file then you can copy it to the settings folder in your experts file. If your operating system is windows and a new version the zip program is already in there, and when you click on the file then it will in a different window ask you if you want to unzip and you ok the request and it will open.
  • #158
  • Feb 24, 2010 5:53pm Feb 24, 2010 5:53pm
Thinking about adding a 70 SMA filter.
  • #159
  • Edited Feb 25, 2010 1:49am Feb 24, 2010 10:57pm | Edited Feb 25, 2010 1:49am
Optojay,

Would you kindly supply the .set files for both 4-decimal and 5-decimal brokers to do the following:

When trade is opened:
Stop Loss = 24 pips
Take Profit = 24 pips

When 12 pips in profit:
Close 1/2 of the position.
For the other half of the position, reset stop loss = 12 pips (from the 12 pips already in profit), leave take profit = 24 pips (from original entry price), and let the trade ride to conclusion with no further modifications.

For example, buy 1.00 lots EUR/USD at 1.3470.

Stop loss = 1.3446
Take profit = 1.3494
Price hits 1.3482.
Close 1/2 of the position (0.50 lots) at 1.3482 for a 12-pip profit.

For the other 1/2 of the position:
Reset stop loss = 1.3470.
Leave take profit = 1.3494.
Let the trade ride out to conclusion with no further modifications.

Thank you for sharing your EA with us. So far, I am having very good success with it in a demo account.
  • #160
  • Feb 24, 2010 11:42pm Feb 24, 2010 11:42pm
4 and 5 digit set files as you requested, Dennis. Please go through them and try to understand the settings. I may add more information in post#2 where the settings are explained.

Glad to hear you are getting some positive results!


Quoting DennisL
Optojay,

Would you kindly supply the .set files for both 4-decimal and 5-decimal brokers to do the following:

When trade is opened:
Stop Loss = 24 pips
Take Profit = 24 pips

When 12 pips in profit:
Close 1/2 of the position.
For the other half of the position, reset stop loss = 12 pips (from the 12 pips already in profit), leave take profit = 12 pips, and let the trade ride to conclusion with no further modifications.

For example, buy 1.00 lots EUR/USD at 1.3470.

Stop loss = 1.3446
Take profit = 1.3494
Price hits 1.3482.
Close 1/2 of the...
Attached File(s)
File Type: zip dennis.zip   2 KB | 1,250 downloads
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