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Simple H1 GBPUSD EA

  • #901
  • Apr 28, 2010 4:44pm Apr 28, 2010 4:44pm
Quoting kvellimalai
Thanks Geoff


I still have the problem of orders opened without TP and SL. I set the hide_Targets to true and set the GMT offset to 14 hours to test any trades open.
It open the trades but without a TP and SL
See the attached file for more details.

Velli
Your image shows the correct status with hide_targets set to true!

There are no TP & SL lines shown on the chart and TP & SL in the order are both showing 0.00000

The TP & SL still work because the EA manages the trade levels.

If you want to see these levels you must set hide_targets to false!
  • #902
  • Apr 28, 2010 4:44pm Apr 28, 2010 4:44pm
We all have the first TP set at 22/25 or there abouts.....but I thought how I establish the second or in my case 3 and 4 lots..

Look at yesterday. We had a early entry...mine was 1.5224 it then took of up and formed a high of 1.5286..

So when she started to fall i wanted a TP for my second + trades...

So a trick i learnt many years ago is to do the following....

Minus the low from the high
1.5224 -1.5286
Leaves you with 62 Mulitply by 0.618
answer 38 thats your pip target....

Minus 38 from 1.5224...1.5186

Of course you can also check using this method to see if your first target will be hit as well....hopefully saving some loss's.

Above is worked out as a 4 digit broker...I prefer to work that way.

If you want to work it on a 5 digit broker add a 0...so the target would have been minus 380.

the thick blue lines on the chart show the High , Low and Target...

Now while Iam a full time trader I only spend a small amount of time on Forex...I mainly trade Stocks.....but the principal's are the same..

I hope this may help someone....
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 20 KB
  • #903
  • Apr 28, 2010 4:44pm Apr 28, 2010 4:44pm
Quoting kvellimalai
Thanks Geoff


I still have the problem of orders opened without TP and SL. I set the hide_Targets to true and set the GMT offset to 14 hours to test any trades open.
It open the trades but without a TP and SL
See the attached file for more details.

Velli
If Hide targets=true the EA open trades without SL/TP but take cares of SL/TP (if it has contact with internet), brooker cant see SL/TP.
Hope this is correct.
Elovv
  • #904
  • Apr 28, 2010 4:47pm Apr 28, 2010 4:47pm
Quoting kon5t
with the trading system i use, it is above zero for bullish and below for bearish trades, and it works very well. variations for further testing at a later stage would be to see if the distance from the zero line is important. The way i trade it you do want to enter as close to 0 as possible on the short term, but i am not sure if that will be appropriate here.
Thanks, I will check this out tomorrow!
  • #905
  • Apr 28, 2010 4:56pm Apr 28, 2010 4:56pm
and not let price reach TP?

If not....set hide target=false and no problems with SL/TP, internet connection etc
  • #906
  • Apr 28, 2010 5:14pm Apr 28, 2010 5:14pm
Quoting tommycz
I know I asked this once before.. but do people plan to trade tonight? There is a bank holiday in Japan. What have past experience been like when Japan is on a holiday?
I plan only to trade in demo not live tonight.

Is it wise to risk??
With backtest 2009.05.04-2010.04.23, all lose trades didn't occur on Japan bank holiday. So I will try. But the backtest is not included this week...This week is previous week of Golden Week(Japan holiday week)....
I want to do backtest but have no time because trade will start soon....
Anyone else have the result of 2009 this week?
  • #907
  • Apr 28, 2010 5:19pm Apr 28, 2010 5:19pm
Quoting Taiyakixz
With backtest 2009.05.04-2010.04.23, all lose trades didn't occur on Japan bank holiday. So I will try. But the backtest is not included this week...This week is previous week of Golden Week(Japan holiday week)....
I want to do backtest but have no time because trade will start soon....
Anyone else have the result of 2009 this week?

1 week backtest = 2 min

only wins on IBFX
  • #908
  • Apr 28, 2010 5:26pm Apr 28, 2010 5:26pm
Quoting Elovv
1 week backtest = 2 min

only wins on IBFX
Thank you....It takes long time with my PC....especially starting....
  • #909
  • Apr 28, 2010 5:39pm Apr 28, 2010 5:39pm
I just took two longs at 1.5200
If you're scared get a dog.
  • #910
  • Apr 28, 2010 5:53pm Apr 28, 2010 5:53pm
Quoting Boxxie
I just took two longs at 1.5200
????? trade hour not started....
  • #911
  • Apr 28, 2010 5:56pm Apr 28, 2010 5:56pm
Quoting Boxxie
I just took two longs at 1.5200
??
  • #912
  • Apr 28, 2010 6:02pm Apr 28, 2010 6:02pm
Quoting Taiyakixz
????? trade hour not started....
2 short orders filld in at 1.52051 . at 23.56 gmt.only on demo,not on the live account witch I wanted to.
  • #913
  • Apr 28, 2010 6:05pm Apr 28, 2010 6:05pm
Quoting Monty13
2 short orders filld in at 1.52051 . at 23.56 gmt.only on demo,not on the live account witch I wanted to.
you need to set the start an hour later mate.
  • #914
  • Apr 28, 2010 6:05pm Apr 28, 2010 6:05pm
Quoting Monty13
2 short orders filld in at 1.52051 . at 23.56 gmt.only on demo,not on the live account witch I wanted to.
Oh my appology, not shorts ,rather buy orders filld in.
  • #915
  • Apr 28, 2010 6:05pm Apr 28, 2010 6:05pm
Quoting Monty13
2 short orders filld in at 1.52051 . at 23.56 gmt.only on demo,not on the live account witch I wanted to.
Time now=GMT 23.05 http://www.timeticker.com/

Elovv
  • #916
  • Apr 28, 2010 6:07pm Apr 28, 2010 6:07pm
Quoting kon5t
you need to set the start an hour later mate.
The seting is at 23.00 GMT as geoff pointed it out earlier on.
  • #917
  • Apr 28, 2010 6:08pm Apr 28, 2010 6:08pm
if I understand correct
Must go to sleep...se what happens when I sleeping

Elovv
  • #918
  • Apr 28, 2010 6:08pm Apr 28, 2010 6:08pm
Quoting PipBear
Guys,
As per my question post 846, does anyone have a clue what this means
"DataCentre connecting failed (6)" as I believe it is stopping the bot from trading. Sorry to be so dumb
If you do know, then perhaps you would be kind enough to let me know.
Thanks
PipBear
This generally means your demo account has expired and you need to get it renewed (or get another one), OR under MT4 Tools | Options | Server you haven't checked the Data Center auto configuration box (as shown below next message).

Check the Options settings first. If the box IS checked, you probably have an expired demo account.

Hope this helps,
Ed
  • #919
  • Apr 28, 2010 6:09pm Apr 28, 2010 6:09pm
Tools | Options | Server
Attached Image
  • #920
  • Apr 28, 2010 6:09pm Apr 28, 2010 6:09pm
does not open any position at all @tokyo open + 9min.
Why ???
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