Simple 3 order GBPUSD EA | Page 22 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Simple H1 GBPUSD EA 10,159 replies

SIMPLE EA for a simple method needed!! 2 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

MT4 Order Pending Order/Order Modify Issue 1 reply

Simple 5m GBPUSD trade system 10 replies

Attachments: Simple 3 order GBPUSD EA
Exit Attachments

Simple 3 order GBPUSD EA

  • #421
  • May 17, 2010 7:01am May 17, 2010 7:01am
Geoff

Just want to say thanks and YOU ARE THE MAN.
Took my 1st live trade on alpari uk lastnite. Took all 3 TPs
Great EA
Hope this continues with success.

Cheers
  • #422
  • May 17, 2010 7:03am May 17, 2010 7:03am
Quoting stevehooks
Hello,

my experience with EA's are, that they are working better with the feed of demo accounts regarding order execution. Therefore I'm using a demo account as ''signal giver''. A master-slave-system hands over the trades to what account ever (IBFX, FXPro, etc). I'm on the track with an Alpari RU-demo account, because of the very solid feed. Earlier I was using Apari UK but the demo feed has a lot of interruptions per day and is unusable.

If somebody need help to set up a master-slave-system, send a pm!

Geoff, thanks a lot for the great observation,...
That is a great idea, the Alpari demo accounts are based on their Pro accounts which use ECN data feed but, as you rightly say, Alpari UK demo accounts are for ever breaking down!
  • #423
  • May 17, 2010 8:36am May 17, 2010 8:36am
Quoting momo2k10
Geoff

Just want to say thanks and YOU ARE THE MAN.
Took my 1st live trade on alpari uk lastnite. Took all 3 TPs
Great EA
Hope this continues with success.

Cheers
Cheers!
  • #424
  • Edited 10:28am May 17, 2010 9:35am | Edited 10:28am
Quoting silv3r4sh
Flamenco, I'm sure you mean GoMarkets
I'm with them too (:
silv3r4sh: My bad - you're right - it's Go Markets. I've only been with them about a month but no complaints. My main criteria for being with a broker is good customer support, low spreads, and of course NO DESK DEALING!

Right now I'm looking into Forex.Com, their platform is on GMT and they offer free VPS. Think Geoff (or someone) mentioned them earlier. Not recommending anything here, just mentioning my process. When I transfered my funds from MIG to Go Markets my bank screwed up and didn't transfer the account in USD, but AUD. Not a major problem, but after trading forex in USD for 8 years I'm kinda set in my ways there.

P.S. Last I heard Alpari UK wouldn't open an real account if you were in the U.S. They'd refer you to Alpari US instead.
  • #425
  • May 17, 2010 9:45am May 17, 2010 9:45am
Hello Geoff,

I'm testing your fantastic EA on my broker: Tadawulf (4 digit).
Note that the Minimum Lotsize I can trade is 0.05 on a Microlot Account with a Leverage of 500:1.
I have download the last version in post #408.
But I have problems:

2010.05.17 10:32:042010.01.22 01:45 camvcvooV3 GBPUSD,H1: Buy OrderSend 3 failed with error #0
2010.05.17 10:32:042010.01.22 01:45 camvcvooV3 GBPUSD,H1: OrderSend error 4051
2010.05.17 10:32:042010.01.22 01:45 camvcvooV3 GBPUSD,H1: invalid lots amount for OrderSend function

I have tried in various ways but I still have the problem.
I have deselect MM, I have used fixed lot size of 0.1, but same problem.
Can you help me?

Many Thanks
  • #426
  • Edited 10:49am May 17, 2010 10:26am | Edited 10:49am
Quoting surajsingh
Hello Geoff,

I'm testing your fantastic EA on my broker: Tadawulf (4 digit).
Note that the Minimum Lotsize I can trade is 0.05 on a Microlot Account with a Leverage of 500:1.
I have download the last version in post #408.
But I have problems:

2010.05.17 10:32:04...
There is something strange with TDFX, someone else is having the same problem earlier in the thread.

Error 4051 is "Invalid function parameter value" and it would appear that the value that is being rejected is "Lots".

What does 0.1 lot size mean to TDFX, I would see that as $1 a pip but is this what they see it as?

Geoff

EDIT:
I have enquired on the other thread, there are people using TDFX there!
  • #427
  • May 17, 2010 11:27am May 17, 2010 11:27am
  •  joet
  • | Joined Sep 2009 | Status: Once the kid, now the Senior | 42 Posts
Hi Geoff,

I have completely reinstalled my MT4 platform with Jadefx and it back tests perfectly. camvcvoo V3. Hope for good trades tonight.

I also use TDFX in Demo account 4 digit broker. I have watched on visual back testing and EA tries to place trades at the right time, but it sends a buy with 8 digits and their server with not except trade with that many digits for trade or lots. On my Jadefx account EA send a 5 digit trade number. Sorry I can not change code for you. Is there any way you can make a true 4 digit EA so I can use TDFX. If not I will try another 5 digit broker. I have turned off and on everything to make it work. No Luck.

Thanks

joet
  • #428
  • May 17, 2010 11:33am May 17, 2010 11:33am
First time trying this EA on IBFX last night. Three positions opened at 01.25 hours at 1.4433, 1.4433 and 1.4432
The first order closed at 21 pips profit
The second order closed 9 minutes later at 10 pips profit
The third order closed 19 minutes after that at 11 pips profit

The low was 1.4250. The second & third orders got taken out by the stop loss apparently just by a nose hair. With a lower spread than 4, would have gone on to a 100 pip plus profit.

Will be looking to try this live soon.

Very impressive EA.
  • #429
  • May 17, 2010 11:36am May 17, 2010 11:36am
Quoting joet
Hi Geoff,

I have completely reinstalled my MT4 platform with Jadefx and it back tests perfectly. camvcvoo V3....
Hi joet

The EA doesn't specify the price, it takes the Ask or Bid price quoted by the broker and that is the value sent with the order.

So, one would expect a 4 digit broker to quote a 4 digit price, the EA does nothing to the quoted price!
  • #430
  • May 17, 2010 11:37am May 17, 2010 11:37am
Quoting paradoxical
First time trying this EA on IBFX last night. Three positions opened at 01.25 hours at 1.4433, 1.4433 and 1.4432
The first order closed at 21 pips profit
The second order closed 9 minutes later at 10 pips profit
The third order closed 19 minutes after that at 11 pips profit

The low was 1.4250. The second & third orders got taken out by the stop loss apparently just by a nose hair. With a lower spread than 4, would have gone on to a 100 pip plus profit.

Will be looking to try this live soon.

Very impressive EA.
  • #431
  • May 17, 2010 11:52am May 17, 2010 11:52am
Quoting geoffb65
Hi Mary

One thing I should have mentioned before, once a trade is in progress do not try to adjust the settings, the EA will lose control of the existing trades!
Thanks, Geoff. Another thing: On the mini/micro account issue, I'm trading .1 lots and have a Standard account with IBFX ($1,000). They said I should have opened a Mini account, but it's okay if I leave it as Standard. So, do I leave MiniAccount and MicroAccount setting as true?
  • #432
  • May 17, 2010 12:05pm May 17, 2010 12:05pm
Quoting mary4x
Thanks, Geoff. Another thing: On the mini/micro account issue, I'm trading .1 lots and have a Standard account with IBFX ($1,000). They said I should have opened a Mini account, but it's okay if I leave it as Standard. So, do I leave MiniAccount and MicroAccount setting as true?
If you are using ManualLotSize true and 0.1 lot size you can leave both options set to true.
  • #433
  • May 17, 2010 12:08pm May 17, 2010 12:08pm
  •  joet
  • | Joined Sep 2009 | Status: Once the kid, now the Senior | 42 Posts
Hi Geoff,

I have included my TDFX journal. Maybe you can tell what is wrong. I usually can figure out how to make things work Even with my limited knowledge of the EA's. I am stumped this time.

Thanks for your help. Can you recommend an good 5 digit broker that I can use.

joet
Attached Image (click to enlarge)
Click to Enlarge Name: tdfx journal 5-17-2010.gif Size: 95 KB
  • #434
  • May 17, 2010 12:15pm May 17, 2010 12:15pm
Quoting joet
Hi Geoff,

I have included my TDFX journal. Maybe you can tell what is wrong. I usually can figure out how to make things work Even with my limited knowledge of the EA's. I am stumped this time.

Thanks for your help. Can you recommend an good 5 digit broker that I can use.

joet Attachment
Well, those are definitely 5 digit prices alright, I have not seen that before with any other broker!

If they are a 4 digit broker they should quote prices with 4 digits, wierd!

The EA is working on other 4 digit brokers with no problem.

forex.com are quite good!
  • #435
  • May 17, 2010 12:33pm May 17, 2010 12:33pm
  •  joet
  • | Joined Sep 2009 | Status: Once the kid, now the Senior | 42 Posts
Hi Geoff,

Thanks for taking your time to help me. I will go to forex.com and see if they will except a yank for an account.

My primary account is very good at Jadefx. Low spreads and good executions.

I think your EA's is the best I have ever tested. All ver. V3 is another great ver. I hope they now work for me.

joet
  • #436
  • May 17, 2010 1:23pm May 17, 2010 1:23pm
Quoting mary4x
Thanks, Geoff. Another thing: On the mini/micro account issue, I'm trading .1 lots and have a Standard account with IBFX ($1,000). They said I should have opened a Mini account, but it's okay if I leave it as Standard. So, do I leave MiniAccount and MicroAccount setting as true?
Hi mary4x

If You trade 0,1 lot on a $1000 Standard account You risk $420 (42%) every day. I think thats to risky. I risk 10% every day, for $1000 lotsize:
10% of $1000=$100, $100/420 = $0,24/pip. With a standardaccount its Lotsize 0,02, with mini 0,24.

With $1000 I think its better with miniaccount for better mm.

Best wishes
Elovv
  • #437
  • May 17, 2010 1:46pm May 17, 2010 1:46pm
Thanks for this. I'm terrible at MM. I'll adjust my lot size as you suggest. Do I leave MiniAccount and MicroAccount defaults as true?
  • #438
  • May 17, 2010 2:16pm May 17, 2010 2:16pm
Quoting Elovv
Hi mary4x

If You trade 0,1 lot on a $1000 Standard account You risk $420 (42%) every day. I think thats to risky. I risk 10% every day, for $1000 lotsize:
10% of $1000=$100, $100/420 = $0,24/pip. With a standardaccount its Lotsize 0,02, with mini 0,24.

With $1000 I think its better with miniaccount for better mm.

Best wishes
Elovv
Thus far, the EA has been working great and it's too new to be able to judge what it will do live. I think risking 10% on any one trade might be on the high side, at least starting out. If you have a $1,000.00 account and don't really mind losing a hundred bucks, that's cool. But, when that account gets up to ten thousand, and you're risking a thousand of that on one trade, it would create some sleepless nights and fingernail biting for all but poker players with steel nerves. But, of course, to each his own.
Maybe risking 3-5% to start with would be better on the nerves, and after the account is up by more than 10%, increase the percentage. That way, you would be playing with the houses money. Just a thought.
  • #439
  • May 17, 2010 2:31pm May 17, 2010 2:31pm
Quoting Elovv
Hi mary4x

If You trade 0,1 lot on a $1000 Standard account You risk $420 (42%) every day. I think thats to risky. I risk 10% every day, for $1000 lotsize:
10% of $1000=$100, $100/420 = $0,24/pip. With a standardaccount its Lotsize 0,02, with mini 0,24.

With $1000 I think its better with miniaccount for better mm.

Best wishes
Elovv
Does a Standard account allow trades less than 0.1 lots?
  • #440
  • May 17, 2010 3:12pm May 17, 2010 3:12pm
Quoting geoffb65
Does a Standard account allow trades less than 0.1 lots?
I dont know. I have account with Oanda, they have exactly the lotsize You will have and IBFX mini, they have 0,01 lots = 1 cent/pip

Elovv
3 traders viewing now