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Simple H1 GBPUSD EA

  • #1,801
  • May 6, 2010 12:53pm May 6, 2010 12:53pm
Quoting kellera6
I kept getting errors on FXCM when trying to use the low risk option (3% risk). I kept say incorrect lot size, so I started playing with it and ended up changing the code to round the last digit of dLots down.

I added the 2nd line:

if (UseMoneyMgmt==true)
{
dLots = NormalizeDouble( AccountBalance()*Risk/StopLoss/(MarketInfo(Symbol(), MODE_TICKVALUE)),OrdersizeAllowed);
dLots = NormalizeDouble(dLots,1);
}

maybe having the same problem as you. Using FXOpen micro (cents accounts), minimum lot size is 0.1 with 0.1 as increment, money management never ever works for me with micro order =false and mini order true.get invalid order error, forced to use fixed lot sizes instead
  • #1,802
  • May 6, 2010 1:12pm May 6, 2010 1:12pm
I think Haishang did a test that showed a 20% loss of profit to keep from losing trades. A major difference in the # of trades. That's between v5a-b and v7. It depends where your priorities are and whether you can afford it. I I had enough money in the pot to cover two big losers than I would do v5a but if I didn't have the cash in the pot I would take v7 til I had the cash and then switch back to v5a-b.
That's my theory. Traveling west and thinking about tomorrow.........
s
  • #1,803
  • May 6, 2010 1:13pm May 6, 2010 1:13pm
Quoting kellera6
I kept getting errors on FXCM when trying to use the low risk option (3% risk). I kept say incorrect lot size, so I started playing with it and ended up changing the code to round the last digit of dLots down.

I added the 2nd line:

if (UseMoneyMgmt==true)
{
dLots = NormalizeDouble( AccountBalance()*Risk/StopLoss/(MarketInfo(Symbol(), MODE_TICKVALUE)),OrdersizeAllowed);
dLots = NormalizeDouble(dLots,1);
}
This was an operator error on my part. Please disregard. I had the incorrect settings for my Mini account. I had to set MiniOrdersAllowed=true and MicroOrdersAllowed=false to get the proper lot sizes. The EA is still good
  • #1,804
  • May 6, 2010 1:15pm May 6, 2010 1:15pm
Quoting zealvix
maybe having the same problem as you. Using FXOpen micro (cents accounts), minimum lot size is 0.1 with 0.1 as increment, money management never ever works for me with micro order =false and mini order true.get invalid order error, forced to use fixed lot sizes instead
Why don't you just leave them both on true and you can do either and your money management will work. End up with a lot more money in the long run. Set your lot size to whatever you're trading at the time.
  • #1,805
  • May 6, 2010 1:16pm May 6, 2010 1:16pm
Quoting zealvix
maybe having the same problem as you. Using FXOpen micro (cents accounts), minimum lot size is 0.1 with 0.1 as increment, money management never ever works for me with micro order =false and mini order true.get invalid order error, forced to use fixed lot sizes instead
I think, if I remember correctly, for the MM to work at 0.1 you would need more than 5K in your account!
  • #1,806
  • May 6, 2010 1:19pm May 6, 2010 1:19pm
Quoting zealvix
maybe having the same problem as you. Using FXOpen micro (cents accounts), minimum lot size is 0.1 with 0.1 as increment, money management never ever works for me with micro order =false and mini order true.get invalid order error, forced to use fixed lot sizes instead
Try having MicroOrdersAllowed=true and MiniOrdersAllowed=false
  • #1,807
  • May 6, 2010 1:30pm May 6, 2010 1:30pm
Quoting zealvix
maybe having the same problem as you. Using FXOpen micro (cents accounts), minimum lot size is 0.1 with 0.1 as increment, money management never ever works for me with micro order =false and mini order true.get invalid order error, forced to use fixed lot sizes instead
On a micro acct, isn't the min lot .01?
  • #1,808
  • May 6, 2010 1:36pm May 6, 2010 1:36pm
not sure what is wrong, tried it on a 10k demo with minimum 0.1 and increment 0.1 too , tried all the variations, both micro and mini true, micro true only, mini true only etc. all were at med risk setting, have the same problem for all.

only thing i had not tried is both mini and micro false, anyone else using FXOpen here?

No harm done if I can never get it to work anyway, just has to take a calculator out and get a start fixed lot size and do some slight adjustment to the fixed lots every week depending on the week result etc
  • #1,809
  • May 6, 2010 1:54pm May 6, 2010 1:54pm
Are you switching manual lots to false? Just a thought.

This indi will figure for you how many lots by size for your balance. Maybe it will be of help.
Attached File(s)
File Type: ex4 TRO_DRAGON_MONEY_MGMT.ex4   9 KB | 321 downloads
  • #1,810
  • May 6, 2010 2:33pm May 6, 2010 2:33pm
Ver5a 1 year: 318 orders=159 trading days
151 winning days average 48 pip
8 losing days average 280 pip

If we risk 10%/day (lotsize=10% of balance/280)
Winning days +1,7% Loosing days -10%
Start with $1000

After
1 year $5 488
5 year $4 977 598

Ver7 1 year 192 orders=96 trading days 95 winning days, 1 loosing day
Risk 10%/day

After
1 year $4 464
5 year $1 772 872

Much better profit with ver5a but if we risk 20%/day (risky but only 1 looser/year)

After
1 year $19 166
5 year $7 611 554

With same lotsize ver5a is more profitable but maybe we can increase lotsize with ver7

Elovv
  • #1,811
  • May 6, 2010 2:56pm May 6, 2010 2:56pm
As a swing trader I always thought this EA had the potential to be used as a longer term trend EA...as it opens trades with the trend due to the use of the MA's.

Yesterday when I was playing around with " The Beast " and the Ea opened its short positions at Tokyo opening I was able to use my charts to identify a short trend and use the EA to enter, so I added some manual positions to the EA's.

It entered at 141.82.....sadly I forgot to check on the progress of the remaining positions...during the evening..

A little while ago I closed all the manual positions at 132.94....

Now I except last night was easy to pick up the move, so it will be intresting to try this EA in this way over the coming weeks...

Geoff you may have created the EA to handle " The Beast " .....lol
  • #1,812
  • May 6, 2010 3:37pm May 6, 2010 3:37pm
Quoting calstock
As a swing trader I always thought this EA had the potential to be used as a longer term trend EA...as it opens trades with the trend due to the use of the MA's.

Yesterday when I was playing around with " The Beast "...
AAAAGH! THE BEAST!

My secret ambition is out!
  • #1,813
  • May 6, 2010 3:48pm May 6, 2010 3:48pm
The Beast = GBP/JPY?
  • #1,814
  • May 6, 2010 3:58pm May 6, 2010 3:58pm
Quoting fguru
The Beast = GBP/JPY?
SHHH!

It may be bad luck to mention the name like the Scottish Play!
  • #1,815
  • May 6, 2010 4:09pm May 6, 2010 4:09pm
Quoting calstock
As a swing trader I always thought this EA had the potential to be used as a longer term trend EA...as it opens trades with the trend due to the use of the MA's.

Yesterday when I was playing around with " The Beast "...
Would you mind keeping us informed how it performs over the next few weeks because, with minor adjustments, we could make a special EA just for this one pair!
  • #1,816
  • May 6, 2010 4:24pm May 6, 2010 4:24pm
Quote
geoffb65
Quote
Would you mind keeping us informed how it performs over the next few weeks because, with minor adjustments, we could make a special EA just for this one pair

Sure will..

Iam refining my demo testing as off today......

Iam going to concentrate on the following.....GBPUSD london breakout...and " The Beast ".
I will open " Greppy "at Tokyo open with a 1st TP of 22 and a second TP of 100 just to see if we can pick a trend...
100 pips is a walk in the park for the "Greppy".

If the Cable consistently gives a return at London open we may have a nice little setup if we combind it with Tokyo opening...

Iam dropping the testing on EurJpy only because Iam sure it works but as I said before you really dont need a EA to setup a trade that takes no more then a few minutes to do your self...

And if it works on the " Greppy" it will work on EURJPY....
  • #1,817
  • May 6, 2010 4:30pm May 6, 2010 4:30pm
Hej all,

Just a quick question becouse i'm getting a litlle bit nervous about the GPBUSD at the moment. Is anyone of you going to trade the EA on a live account today/night with everything that is going on in the UK at the moment ?
  • #1,818
  • May 6, 2010 4:32pm May 6, 2010 4:32pm
Quoting calstock
Sure will..

Iam refining my demo testing as off today......

Iam going to concentrate on the following.....GBPUSD london breakout...and " The Beast ".
I will open " Greppy "at Tokyo open with a 1st TP of 22 and a second TP of 100 just to see if we can pick a trend...
100 pips is a walk in the park for the "Greppy".

If the Cable consistently gives a return at London open we may have a nice little setup if we combind it with Tokyo opening...

Iam dropping the testing on EurJpy only because Iam sure it works but as I said before you really...
Great! Thank you!
  • #1,819
  • May 6, 2010 5:07pm May 6, 2010 5:07pm
Quoting Sn4k3
Hej all,

Just a quick question becouse i'm getting a litlle bit nervous about the GPBUSD at the moment. Is anyone of you going to trade the EA on a live account today/night with everything that is going on in the UK at the moment ?
Yes I will trade live.
  • #1,820
  • May 6, 2010 5:20pm May 6, 2010 5:20pm
Quoting fguru
Yes I will trade live.
Me to.

But only small account.

Elovv
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