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Simple H1 GBPUSD EA

  • #1,061
  • Apr 29, 2010 7:16pm Apr 29, 2010 7:16pm
Mine just went long @ 1.53463

Only one order though.

Looking at Daily and Weekly chart, long should be good. Anyway, i may be wrong. However, for the sake of the rest here, let's hope we all profit, AGAIN and FOREVER!
福 子 Victor V
  • #1,062
  • Apr 29, 2010 7:21pm Apr 29, 2010 7:21pm
Quoting camvcvoo
Mine just went long @ 1.53463

Only one order though.

Looking at Daily and Weekly chart, long should be good. Anyway, i may be wrong. However, for the sake of the rest here, let's hope we all profit, AGAIN and FOREVER!
looks like you are the lucky guy right now with only one fill.....see my above mails...2 fills in eur and 2 fills in gbp and all deep in red but tdy should be quiet, all figures out, good earnings from the US, everyone tired from the week and eager to go into the w/e......risk aversion is retreating a bit...look at JPY...we shall be all rite....

all the best!!!
  • #1,063
  • Apr 29, 2010 7:25pm Apr 29, 2010 7:25pm
Hi Taiyakixz,

You are right about the EA. When one changes time frame the EA is deinitialized and will abandon the trade. In this case it will not see the trades that it has taken. My guess is it took two more trades on the M15 and two more when switch back, making six in all.

For now do not change the time frame that the EA is running on. If there is need to look at a new time frame open a new chart with the same symbol.

It is possible to write a code using global variables to store the EA parameters so that it can recover when one loses connection or power, or switch time frame. I am not a coder so maybe some coder on the thread can suggest a fix for this great little project.


Cheers,

Inkuumba


Quoting Taiyakixz
Sorry, my previous post about sma is right, but EA checks orders then it doesn't open more than 2 orders.....It's strange
  • #1,064
  • Apr 29, 2010 7:38pm Apr 29, 2010 7:38pm
Quoting Monty13
Exactley thats wath I thought.

I will point this one out to Geoff in the morning.

There should be a logic behind this,or there could be a bug in the program.
I checked the code and found that EA opens 2 orders with each timeframe.
So EA opens 2 orders with 15m tf, 2 orders with h1 tf.
Totally 4 orders, but your EA opens 6 orders....
You didn't change to another tf....?
  • #1,065
  • Apr 29, 2010 7:39pm Apr 29, 2010 7:39pm
Quoting Haishang
looks like you are the lucky guy right now with only one fill.....see my above mails...2 fills in eur and 2 fills in gbp and all deep in red but tdy should be quiet, all figures out, good earnings from the US, everyone tired from the week and eager to go into the w/e......risk aversion is retreating a bit...look at JPY...we shall be all rite....

all the best!!!
Oh, you are still around?

I thought you mentioned earlier in your post that you were going back to sleep?

Anyway, we all should be doing good with the current trade.
福 子 Victor V
  • #1,066
  • Apr 29, 2010 8:06pm Apr 29, 2010 8:06pm
Quoting camvcvoo
Oh, you are still around?

I thought you mentioned earlier in your post that you were going back to sleep?

Anyway, we all should be doing good with the current trade.

was only a short nap after initializing the eas......sun is reporting in today's issue that Cameron is their man.....you know that over the last 30 years, the sun's man will make it...should be good for some positive sentiment when europe is coming in for the GBP.....hopefully I am not leaning too far out off the window today!!!
  • #1,067
  • Edited 9:46pm Apr 29, 2010 9:29pm | Edited 9:46pm
2 long orders at 1.53540 and currently minus 310 both
may be, to filter out the signals, use a simple 5-3-5 stochastic (or Williams') at least to look at the overbought/sold zones and make reverse orders ???
check it out by the 27th - short at that moment was really against the market...
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  • #1,068
  • Apr 29, 2010 9:43pm Apr 29, 2010 9:43pm
Sashasan, are you in live account or demo? I'm demo til Monday. Will let it run.
  • #1,069
  • Apr 29, 2010 9:48pm Apr 29, 2010 9:48pm
Quoting mary4x
Sashasan, are you in live account or demo? I'm demo til Monday. Will let it run.
me too, still in demo, interesting hows this pull back will be resolved...
  • #1,070
  • Apr 29, 2010 9:53pm Apr 29, 2010 9:53pm
Quoting inkuumba
Hi Taiyakixz,

You are right about the EA. When one changes time frame the EA is deinitialized and will abandon the trade. In this case it will not see the trades that it has taken. My guess is it took two more trades on the M15 and two more when switch back, making six in all.

For now do not change the time frame that the EA is running on. If there is need to look at a new time frame open a new chart with the same symbol.

It is possible to write a code using global variables to store the EA parameters so that it can recover...
ummmm....I have to study about magic number and order more....
Anyway, I agree about using fixed timeframe. Thanks for your advice.
  • #1,071
  • Apr 29, 2010 10:16pm Apr 29, 2010 10:16pm
Quoting inkuumba
Hi Taiyakixz,
It is possible to write a code using global variables to store the EA parameters so that it can recover when one loses connection or power, or switch time frame. I am not a coder so maybe some coder on the thread can suggest a fix for this great little project.

Cheers,

Inkuumba
it's absolutely possible, but with the fixed magic, at least it's easier (i really dont know if generating algorithm makes a whole new random number any time or it repeates in some cases). thus, in start() should be a special func CheckForOpenOrd() where should be checked if there are open orders and if so, even if entry conditions are met, there will not be opened a new set of orders.
something like:

void CheckForOpenOrd()
{
for(int i = 0; i < orderstotal(); i++)
{
if(Orderselect(i,select_by_POS,MODE_TRADES))
{
if(OrderSymbol() == Symbol() && OrderMagicNumber() == magic) // or OrderMagicNumber() == GenerateMagic(val1,val2,...)
{
bool magic = true;
break;
}
else
magic = false;
}
}
.......
}
//----------------------------

...and where position opens:
if(condition1)
{
if(!magic)
OrderSend(...)
}
  • #1,072
  • Apr 29, 2010 11:12pm Apr 29, 2010 11:12pm
And on the other hand . . .
  • #1,073
  • Apr 29, 2010 11:53pm Apr 29, 2010 11:53pm
getting some invalid order sizes problem. mini orders are simply 0.1 lot right? and micro 0.01 ? Set mini to true and micro to false for an FXopen account but getting invalid order size
  • #1,074
  • Apr 30, 2010 12:46am Apr 30, 2010 12:46am
Quoting Taiyakixz
ummmm....I have to study about magic number and order more....
Anyway, I agree about using fixed timeframe. Thanks for your advice.
Good morning!

Your earlier posts are correct, you must not change the chart time frame once the EA is loaded on H1.

The magic number is recalculated to include the chart timeframe and new orders can be placed, if you then go back to the H1 chart even more orders are created.

I think in the next version we will have a fixed magic number as we only use this EA on one pair and one time frame.
  • #1,075
  • Apr 30, 2010 12:52am Apr 30, 2010 12:52am
Good morning everyone!

My live account only produced 1 long order and my demo account didn't produce any orders but I think the long will be safe!

In the next version of the EA I have included 10 re-tries of the order to get round the problem of re-quotes so that should stop the EA from just sending one order.
  • #1,076
  • Apr 30, 2010 12:58am Apr 30, 2010 12:58am
Quoting kon5t
massively over-leveraged by the sounds of it
I am just using 0.20 on 250$ account... Is that over leveraging...if so will reduce it. I dont mind double my account per 3 months.......

I basically want steady growth in my account balance......
  • #1,077
  • Apr 30, 2010 1:00am Apr 30, 2010 1:00am
Quoting sashasan
2 long orders at 1.53540 and currently minus 310 both
may be, to filter out the signals, use a simple 5-3-5 stochastic (or Williams') at least to look at the overbought/sold zones and make reverse orders ???
check it out by the 27th - short at that moment was really against the market...
Thank you for your suggestions!

The problem that I have found with filters is that all they do is reduce the number of trades, yes they can reduce the number of losing trades but they have a much bigger effect on the bottom line.

The trade on the 27th would have been safe in either direction and if you look back through the year you will find many days like this.
  • #1,078
  • Apr 30, 2010 1:15am Apr 30, 2010 1:15am
Quoting reachjj
I am just using 0.20 on 250$ account... Is that over leveraging...if so will reduce it. I dont mind double my account per 3 months.......

I basically want steady growth in my account balance......
Way too much !

You will be margin called before the EA even has chance to reach its full stop loss.
  • #1,079
  • Apr 30, 2010 1:17am Apr 30, 2010 1:17am
Quoting reachjj
I am just using 0.20 on 250$ account... Is that over leveraging...if so will reduce it. I dont mind double my account per 3 months.......

I basically want steady growth in my account balance......
The risk should be calculated by using the stoploss as a guide, at 0.2 you are risking 0.2 x 140 = $280 per trade, as the EA produces 2 orders, your risk is $560.

This would be considered "way over the top"!

Because the EA is reliable I would be happy to risk 2% per trade, this you can calculate, if you hit a stoploss you lose 2% of your equity.

2% of $250 = $5

$5 / 140 = $0.035 (round this up or down) which is too small to place on many accounts.

If you have a micro account you could probably risk 0.01 (10 cents) per trade but even this is high risk on a $250 account!
  • #1,080
  • Apr 30, 2010 1:20am Apr 30, 2010 1:20am
Quoting zealvix
getting some invalid order sizes problem. mini orders are simply 0.1 lot right? and micro 0.01 ? Set mini to true and micro to false for an FXopen account but getting invalid order size
You can set mini and micro to true to cover all eventualities!
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