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Awesome system - HELP!

  • #21
  • Mar 15, 2010 12:39am Mar 15, 2010 12:39am
Quoting CodeMeister
Your premise of using an automated system to find more suitable trading tactics is valid, but using it for trading without a human in control is probably not going to work..

Absolutely! I would never use an EA to do my trading. I trade with Currenex and so couldn't use an EA even if I wanted to. I firmly believe that discretionary trading is the only way to consistently make money long term. However, as I have said I currently test things manually 1 tick at a time using ForexTester, and it is immensely time consuming and frustrating. Having a program that can run some basic tests in fast time for me will be so helpful to develop new strategies.

I noticed you said in an earlier post that you know the Delphi coding language. Would it be possible for you to create this strategy in that language which I could then upload to ForexTester? You would have a new friend for life :-) Or could you point me in the direction of a suitable tutorial which I could try to make my own version?

Thanks
  • #22
  • Mar 15, 2010 12:42am Mar 15, 2010 12:42am
Quoting sangmane
Awesome system is anything that gives you the confidence to enter a trade, am i right?
I would say so. There are no "one size fits all" systems out there. As long as you find something you trust and will stick to and can then develop with your own knowledge and confidence.......you have your own awesome system!
  • #23
  • Mar 15, 2010 1:52am Mar 15, 2010 1:52am
Quoting fxaus
i will try it on my real account as well.

can i use it as low as .01 lot this ea?

i will let you know the result.

thx
First of all: don't use it on real account! It hasn't been properly tested.

Second: the EA trades in procentage of the accountbalance, u can't choose the lotsize in the inputs, just the percentage. But you can calculate what 0.01 lot is for your account by doing the math: percentage = lotsize*sl_size/accountbalance*100.
Example:
lotsize = 0.01 (as u wanted it)
sl_size = 100 (5-digit broker, and the default as asked by flotsom)
accountbalance = $15234
--> percentage = 0.01*100/15234*100 = 0.0066
  • #24
  • Mar 15, 2010 1:44pm Mar 15, 2010 1:44pm
Quoting flotsom
Absolutely! I would never use an EA to do my trading. I trade with Currenex and so couldn't use an EA even if I wanted to. I firmly believe that discretionary trading is the only way to consistently make money long term. However, as I have said I currently test things manually 1 tick at a time using ForexTester, and it is immensely time consuming and frustrating. Having a program that can run some basic tests in fast time for me will be so helpful to develop new strategies.

I noticed you said in an earlier post that you know the Delphi coding...
Well I never intended to take on another coding project and my offer of assistance was to provide advice. My Delphi coding skills are a bit rusty and goes back to days of Borland. I can't find any good tutorials and at this point in time, I'm not really interested in updating my Delphi skills. But I will try to assist with any programming related questions.
  • #25
  • Mar 15, 2010 2:36pm Mar 15, 2010 2:36pm
Quoting CodeMeister
I'm not really interested in updating my Delphi skills. But I will try to assist with any programming related questions.
Of course. I wasn't trying to get free programming. I've actually posted a request in the commercial area of the forum where coders are offering their assistance for a fee, so hopefully I will get something back from there if I'm lucky. And in the meantime I'll try to learn the basics of Delphi as I think it will be extremely useful for future testing.

Thanks again.
  • #26
  • Edited 4:38am Mar 16, 2010 4:36am | Edited 4:38am
Quoting NowAndLater
First of all: don't use it on real account! It hasn't been properly tested.

Second: the EA trades in procentage of the accountbalance, u can't choose the lotsize in the inputs, just the percentage. But you can calculate what 0.01 lot is for your account by doing the math: percentage = lotsize*sl_size/accountbalance*100.
Example:
lotsize = 0.01 (as u wanted it)
sl_size = 100 (5-digit broker, and the default as asked by flotsom)
accountbalance = $15234
--> percentage = 0.01*100/15234*100 = 0.0066
yes you are right, i have found one problem
at one stage it opened only one pending order, not two
another one, is it possible to make it choose the lot size?
thank you
  • #27
  • Mar 16, 2010 4:55am Mar 16, 2010 4:55am
Quoting fxaus
yes you are right, i have found one problem
at one stage it opened only one pending order, not two
another one, is it possible to make it choose the lot size?
thank you
I've allready descibed the "problem" here. It's a known fact and not a problem actually, it's just the way things work with stoporders.

I'm sorry but I won't change the code so u can choose lot size. I've already shown u in the previous post how to make so u can trade a certain lotsize, not that difficult really.
  • #28
  • Sep 3, 2012 10:21am Sep 3, 2012 10:21am
hi,i have been using your system for about a week,i would like to know averagely in a week how many pips do you make.

thanks for your reply.
  • #29
  • Aug 19, 2018 11:01am Aug 19, 2018 11:01am
Quoting NowAndLater
I made this EA for metatrader quickly, hope it's close to what u r looking for. I think it will work, but there's one problem: If price is within a stoplevel (depends on broker) away from desired price for the buystop and sellstop, the stoporder will not be put on. For this not to occure, you'll have to chose breakPips to be at least the amount of your brokers stoplevel. {file}
This is the reason why I never code stops...just code the buy/sell logic if the price reaches the level U want...nice strategy...
Vucking good EA coder... https://t.ly/AZjRM
  • #30
  • Aug 19, 2018 11:59am Aug 19, 2018 11:59am
Quoting flotsom
{quote} I agree! I would not rely on any purely mechanical system, nor an EA to do my trading. I trade full time and it is always 100% manual and discretionary. However, I am convinced that there are a million and one "systems" that are profitable to trade. It doesn't matter whether you use an MA cross over, MACD, or the frequency of a cow crapping in a field to gauge your entry off! So long as you find something that gives you the confidence to enter a trade, the profit will come from how you then manage it. I have been testing this strategy manually, and using discretion to sometimes ignore a trade, ignore a day of trading or even a whole week, and with discretion my results are proving very good. I just would like to measure this purely off a mechanical set of rigid rules to see what kind of results it produces long run, and then it will help me decide whether to pursue this as a technique combined with my normal "intuition and gut feeling" style of trading. I really do appreciate the help of everyone on this thread.
can i have an investor password to ur account
to check ur trades with this system, just for motivation

ofc u will say....
  • #31
  • Aug 19, 2018 12:11pm Aug 19, 2018 12:11pm
Quoting llxx77dd
{quote} can i have an investor password to ur account to check ur trades with this system, just for motivation ofc u will say....
a little research would show:
he has last posted on FF.com: Nov 28, 2011

what do you think the chances will be for investor pass??
there is always, always another trade!!
  • #32
  • Aug 19, 2018 12:30pm Aug 19, 2018 12:30pm
Quoting profitfarmer
{quote} a little research would show: he has last posted on FF.com: Nov 28, 2011 what do you think the chances will be for investor pass??
  • #33
  • Aug 19, 2018 1:02pm Aug 19, 2018 1:02pm
hope he will be safe and sound in these years wish to see him here sooner or later
  • #34
  • Aug 19, 2018 2:03pm Aug 19, 2018 2:03pm
Quoting profitfarmer
{quote} a little research would show: he has last posted on FF.com: Nov 28, 2011 what do you think the chances will be for investor pass??
That’s why I love forex factory so much, it gives me some great laugh sometimes and just complete my weekend. I shall note this as the greatest joke of the year for now…
Self discipline It is a practice
  • #35
  • Aug 19, 2018 2:32pm Aug 19, 2018 2:32pm
Quoting okshop
{quote} That’s why I love forex factory so much, it gives me some great laugh sometimes and just complete my weekend. I shall note this as the greatest joke of the year for now…
Only the chance here that someone codes this in a minute...

Inserted Video
Vucking good EA coder... https://t.ly/AZjRM
  • #36
  • Last Post: Aug 19, 2018 3:25pm Aug 19, 2018 3:25pm
Quoting reteid2222
{quote} Only the chance here that someone codes this in a minute... https://www.youtube.com/watch?v=o9ihV2WnOgE
Omg (facepalm)
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