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Attachments: Epsilon Megastar swing/fib trading. Ask your newbie/basic questions here
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Epsilon Megastar swing/fib trading. Ask your newbie/basic questions here

  • #1
  • First Post: Edited Jun 5, 2010 6:52pm May 16, 2010 5:23am | Edited Jun 5, 2010 6:52pm
"Is there a tool that will draw the fibs for me, or do I have to use a calculator to work out the levels, then draw and label the lines myself?" is one of those questions I asked early in my trading days, when I met fibs for the first time.

DxTrade answered kindly, gently and helpfully. I still blush when I think about that one.

Newbie traders are not allowed to ask such basic questions in my threads, so I have set this one up for you. The latest thread is the Simone robot thread.

Ask your basic questions here without fear of ridicule. Someone from the main thread will answer them with the same kindness shown me by DxTrade. It will probably not be me - I can code or I can answer questions, but cannot do both at the same time - but somebody will.

  • #2
  • Edited 4:26pm May 17, 2010 3:36pm | Edited 4:26pm
Hello Steve. Thank you for this incredible EA. I have been testing all the versions. V1 has been profitable so far. I am trying the new ECN version now and the Fib is not drawing. Did I do something wrong?

Oops. Answered my question,. This is why there is a "Rookie" area.

The issue was I was not using the template. Shame on me. All fixed. Thank you again Steve.
  • #3
  • May 17, 2010 10:49pm May 17, 2010 10:49pm
Quoting tinear10
Hello Steve. Thank you for this incredible EA. I have been testing all the versions. V1 has been profitable so far. I am trying the new ECN version now and the Fib is not drawing. Did I do something wrong?

Oops. Answered my question,. This is why there is a "Rookie" area.

The issue was I was not using the template. Shame on me. All fixed. Thank you again Steve.
Hey tinear10, no shame on you - You added the answer. Now others can check it if they have same/ similar problem.
Another cause for fib not drawing could have been saving the template in the wrong template folder. .tpl files go with .tpl files in template folder next to experts folder. Not in with .mqt files in the template folder in the experts folder.
Clear as mud I s'pose.

cheers scalpz
Target 2 : Stoploss in the green
  • #4
  • May 18, 2010 4:57pm May 18, 2010 4:57pm
I just can't figure out how to make fib work properly.. I can see where the expected C point will be but it never shows me the expected D point

I just have no idea what to do?
I always draw the fib from point A (high) to point B(low) in a downtrend and from A(low) to B (high) in a uptrend.
Attached Image (click to enlarge)
Click to Enlarge Name: fib problem.gif Size: 70 KB
  • #5
  • May 19, 2010 6:59am May 19, 2010 6:59am
Epsilon Megastar!!!!

What a famtastic name. I am assured no one will make fun of me if I ask a stupid question on this thread so here goes:

What does Epsilon Megastar mean?

How does it relate to swing/fib trading?

How much does the !!Epsilon Megastar system!! cost? (I would require private, 1 to 1 tuition)
Gone to a better place
  • #6
  • May 19, 2010 9:37am May 19, 2010 9:37am
I have put a link to the thread in post 1.

  • #7
  • May 19, 2010 11:00am May 19, 2010 11:00am
Quoting Proffesor Pi
I just can't figure out how to make fib work properly.. I can see where the expected C point will be but it never shows me the expected D point

I just have no idea what to do?
I always draw the fib from point A (high) to point B(low) in a downtrend and from A(low) to B (high) in a uptrend.
Read the user guide in the main thread and follow the instructions exactly for how to set up your fibs and how to draw them. Then you should be OK.
  • #8
  • May 20, 2010 10:01am May 20, 2010 10:01am
2010.05.20 10:32:20 Epsilon Megastar EURUSD,M5: Alert: EURUSD OP_SELL order send failed with error(131): invalid trade volume
this is the error i get
the settings were original .04
what is the correct ones so i wont get the error
thanks
  • #9
  • May 21, 2010 3:47pm May 21, 2010 3:47pm
Quoting giannyny
2010.05.20 10:32:20 Epsilon Megastar EURUSD,M5: Alert: EURUSD OP_SELL order send failed with error(131): invalid trade volume
this is the error i get
the settings were original .04
what is the correct ones so i wont get the error
thanks
Try changing the lot size from .04 to .4 and make sure that if you are using the scale in option, that the scale in value does divide evenly into your lot size. I'm using .2 lots on fxcm with a scale in of 2. So it's opening .1 lots initially and then it'll add .1 lots once the trade is profitable.
  • #10
  • May 21, 2010 6:55pm May 21, 2010 6:55pm
Latest version ( updated on 21 May) uses ZigZagMe indicator. Make sure you have this ex4 in your indicators folder.

Initially i had fib display issues with the Latest version, but works fine after adding ZigZagMe indicator

Kris
  • #11
  • May 22, 2010 6:40pm May 22, 2010 6:40pm
So can we get an answer on the Steve's first question? Do we actually have to draw the fib by hand?
  • #12
  • May 23, 2010 2:08pm May 23, 2010 2:08pm
Hi All,
The EM user guide mentions "trade entry scripts included in the zip". I don't see these in either of the zip files in the first post in the EM main thread. Where can I find these?
Thanks!
  • #13
  • May 23, 2010 2:38pm May 23, 2010 2:38pm
Oops. Found the scripts: they're in zips in the first MPTM thread post.
  • #14
  • May 23, 2010 9:46pm May 23, 2010 9:46pm
Quoting obnoxious2
So can we get an answer on the Steve's first question? Do we actually have to draw the fib by hand?
From my understanding of the posts in the EM thread, the ea is meant to draw the fib. Has been a bug with the Zigzagme verses Zigzag indicator being called.
Try the latest version of the ea, as the bug should be gone now.

Cheers scalpz
Target 2 : Stoploss in the green
  • #15
  • May 24, 2010 12:42pm May 24, 2010 12:42pm
Quoting scalpz
From my understanding of the posts in the EM thread, the ea is meant to draw the fib. Has been a bug with the Zigzagme verses Zigzag indicator being called.
Try the latest version of the ea, as the bug should be gone now.

Cheers scalpz
Ah much thanks scalpz! Do you also happen to know how to use mptm with another EA? I'm testing steve's swing break bot and trying to use the mptm but it seems like I can only run either the mptm or the swing bot. You can't load 2 EA's to one chart it seems but even trying with different charts or profiles only 1 EA will run it seems.

Since I don't have priviledges yet I was hoping someone could post in the main episilon thread for a suggestion. Steve is using the RSI on a daily chart to determine the if the entry is long or short. Why not apply the williams %R to it since the RSI is as trailing indicator of the williams which might be better reinforcement to determine when to enter. So if both the Williams %R and RSI is > 50 then it would be long and vice versa for short. But if the Williams %R is below the -50 between -50 and -80 but the RSI is still above the 50 then that would be a holdoff until it can determine the markets direction.

And another suggestion I have for the swingbreak bot. It is regarding the exits. It seems Steve is using the multiples of the ATR for both TP and SL. My suggestion for a bot to make it more "reliable" from experience is to have a lower TP set and let another indicator determine the momentum. I believe right now TP is ATR/2 but if we did say ATR/4 and say if that TP level is reached to let the Hull MA handle it. So for longs when the TP level is reached, if the price is above the 25 Hull MA to let it run until the open or close (depends on whether the canadle is bullo or bear) of the current candle crosses below the hull MA.
Subsequently another possible way could be ADR-high&low of the current day and that will let you know about how many more average pips should be left for the bagging.

Just my 2 cents.
  • #16
  • May 24, 2010 1:53pm May 24, 2010 1:53pm
2010.05.24 14:52:29 Epsilon Megastar EURUSD,M5: Alert: EURUSD OP_SELL order send failed with error(130): invalid stops
after altering the size now i get this
any help?
  • #17
  • May 24, 2010 9:12pm May 24, 2010 9:12pm
Quoting obnoxious2
Ah much thanks scalpz! Do you also happen to know how to use mptm with another EA? I'm testing steve's swing break bot and trying to use the mptm but it seems like I can only run either the mptm or the swing bot. You can't load 2 EA's to one chart it seems but even trying with different charts or profiles only 1 EA will run it seems.
...
I know the MPTM needs to be on its own chart. 1 ea per chart. GJ has a high tick rate.
Check out the MPTM thread at
http://www.forexfactory.com/showthread.php?t=89371
it should give you heaps of info on how to handle the many functions of MPTM.
Haven't had a decent play with it myself - on the 2do list.

Williams, ADR, ATR - too many indis for me. Even RSI is a push. Only on a few charts cause Steves EAs often refer to it, so gives me an idea for confirming ea action.
Always interesting reading others ideas on what could be better, but I would have to setup a chart to really see when & by how much they might alter the trade points.

cheers scalpz
Target 2 : Stoploss in the green
  • #18
  • May 25, 2010 12:45am May 25, 2010 12:45am
Could someone explain exactly how the TP works? I''m running the bot on default (had to change RSIperiod to 14 from 21 on the robot) and it entered a short right before the low(0). There is no next fib level painted so how would there be a exit if there was no retrace from history?
  • #19
  • May 26, 2010 10:49pm May 26, 2010 10:49pm
Hi All,
This is a question for hiredwhip (who recently posted his EM results and his MPTM .set file for EM in the main EM thread). First, thank you very much for posting your MPTM settings! I would very much appreciate it if you would also post the EM settings you're using in conjunction with those MPTM settings. I've been running EM in demo, experimenting with settings, and I'm not doing nearly so well!
Thanks!

(I'm hoping that someone with posting privileges over in the main EM thread will post this question to hiredwhip on my behalf.)
  • #20
  • May 27, 2010 9:34am May 27, 2010 9:34am
I've been PMing octomanoak figuring out his settings and trying to learn the in and outs of the mptm as well as the swing robots. Alot of input settings for Steve's robots overlap so it may be useful for the EM too. He suggested I post whatever I had learned here so:

How do I set it so no new trades are entered after 1400GMT until 600GMT?

Quoting octomanoak

If your PC were on GMT, to set 1400GMT to 600GMT you would set:

Start_hourm 0
End_hourm 6
Start_hour e 14
End_hour e 24

At least that is how I understand the settings.
How does the MPTM partial close thing work along with the breakeven and the jumping SL?

Quoting octomanoak

If you have partial close, I believe it will close the 1st partial at breakeven setting (if you have breakeven set) or at 1st jumping stop, then close subsequent partials at each jumping stop until the partials are depleted.
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