Thank you very much Geoff...........GOD BLESS
- #483
- May 18, 2010 9:19am May 18, 2010 9:19am
- | Joined Nov 2007 | Status: Trader | 1,186 Posts
That is very strange, I don't think anyone else traded!
- #491
- May 18, 2010 12:52pm May 18, 2010 12:52pm
- Joined Apr 2009 | Status: Trader | 2,035 Posts
There shouldn't be such a range of users that don't get entries and others that do even with the ticks or spreads being a little off because the timeframe is huge....
- #492
- May 18, 2010 12:58pm May 18, 2010 12:58pm
Hi Geoff,
Just to let you know, I have run various permutations and combination of indicators to replace the fractals. Nothing worked as good as the M15 fractal filter. It is the key to this EA, of course M5 enhances it with timing.
Just to let you know, I have run various permutations and combination of indicators to replace the fractals. Nothing worked as good as the M15 fractal filter. It is the key to this EA, of course M5 enhances it with timing.
Just one thing to bear in mind, one of the fractals to initiate the trade is taken from the M5 time frame.
- #493
- May 18, 2010 1:04pm May 18, 2010 1:04pm
- Joined Apr 2009 | Status: Trader | 2,035 Posts
Hi Geoff,
Just to let you know, I have run various permutations and combination of indicators to replace the fractals. Nothing worked as good as the M15 fractal filter. It is the key to this EA, of course M5 enhances it with timing.
- #494
- May 18, 2010 1:10pm May 18, 2010 1:10pm
Ok, that could very well be the reason since fractals can appear/disappear with just one tick difference.
Geoff- 2 things...sounds like this is incorporating two things I love about strategies and that I even do myself, which makes me eager to be more involved in this one. 1. It uses multiple timeframes, using a smaller one for entries...I do that almost all the time. 2. It uses fractals....I love fractals and I think many traders underestimate its value for identifying swings.
Your strategy almost seems to have a martingale approach. These guys seem to have it down well: http://www.fxpromaker.com/, although I ran this strategy under demo with $10,000 and it blew the account. You are very right in that timing is everything with these kind of systems.
If users still have discrepancy in trades, what I've done in the past is output to a text file all the variables including a few bars before of the timeframe it is on and bars of what the entry strategy (like the 5min fractal) uses as a comparison for other users to see if yes indeed the other users also had fractals or not, if that few ticks did make that difference (most likely), etc. This way you can identify exactly why some users had a winner/loser trader when another user didn't and can adjust accordingly if needed.
I've been trading with another trader I used to trade with in Chicago, and when we are auto trading live 24/7 using 5 second custom timeframe, we have trades that don't match all the time even though we use the same MB Trading broker. The reason is because my computer is faster than his and my mt4 processes more ticks than his at times when the market gets busy. Sometimes I have more winners, but sometimes I have more losers as well. Don't think faster is always just better MT4 is setup in a way that it cannot process more than 1 tick at a time while it's going through the algorithm. That's why you may get old tick data occasionally because your computer may be too slow and by the next time it gets a tick, it's already way off. This should explain reasons why so many users can have different trades. People always blame the brokers, but it's not always their fault.....MT4 platform has a lot of limitations (but an advantage is that it is very easy to code).
Geoff- 2 things...sounds like this is incorporating two things I love about strategies and that I even do myself, which makes me eager to be more involved in this one. 1. It uses multiple timeframes, using a smaller one for entries...I do that almost all the time. 2. It uses fractals....I love fractals and I think many traders underestimate its value for identifying swings.
Your strategy almost seems to have a martingale approach. These guys seem to have it down well: http://www.fxpromaker.com/, although I ran this strategy under demo with $10,000 and it blew the account. You are very right in that timing is everything with these kind of systems.
If users still have discrepancy in trades, what I've done in the past is output to a text file all the variables including a few bars before of the timeframe it is on and bars of what the entry strategy (like the 5min fractal) uses as a comparison for other users to see if yes indeed the other users also had fractals or not, if that few ticks did make that difference (most likely), etc. This way you can identify exactly why some users had a winner/loser trader when another user didn't and can adjust accordingly if needed.
I've been trading with another trader I used to trade with in Chicago, and when we are auto trading live 24/7 using 5 second custom timeframe, we have trades that don't match all the time even though we use the same MB Trading broker. The reason is because my computer is faster than his and my mt4 processes more ticks than his at times when the market gets busy. Sometimes I have more winners, but sometimes I have more losers as well. Don't think faster is always just better
MT4 is setup in a way that it cannot process more than 1 tick at a time while it's going through the algorithm. That's why you may get old tick data occasionally because your computer may be too slow and by the next time it gets a tick, it's already way off. This should explain reasons why so many users can have different trades. People always blame the brokers, but it's not always their fault.....MT4 platform has a lot of limitations (but an advantage is that it is very easy to code).
- #495
- May 18, 2010 1:18pm May 18, 2010 1:18pm
- Joined Apr 2009 | Status: Trader | 2,035 Posts
Ok, that could very well be the reason since fractals can appear/disappear with just one tick difference.
Geoff- 2 things...sounds like this is incorporating two things I love about strategies and that I even do myself, which makes me eager to be more involved in this one....
I'm more slow and steady myself!
- #498
- May 18, 2010 2:06pm May 18, 2010 2:06pm
- Joined Apr 2009 | Status: Trader | 2,035 Posts
Hi Geoff, jdtrader,
Thanks for any help. I posted my TDFX 4 digit broker journal in post # 433. There was another post with a similar problem in post # 425.
I can stay with a 5 digit broker if needed. I have been with TDFX for a while and like them along with my primary broker Jadefx 5 digit broker. I did have a problem with Jadefx with V2a , sendorder failed due to error #0. I do not know what that means.
Thanks
joet
forex.com did this for me when I asked them!
- #500
- May 18, 2010 2:28pm May 18, 2010 2:28pm
- Joined Apr 2009 | Status: Trader | 2,035 Posts
Some trades expected this night, geoff?
Cable collapsed again today.