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A Simple London Breakout

  • #761
  • May 20, 2010 1:36am May 20, 2010 1:36am
Quote
exactly! ..feeling stupid now lol... thanks!

No need to feel stupid, that's why it's always a good thing to mention any issues you're having as it seems there's always someone with an answer.
  • #762
  • Edited 8:43am May 20, 2010 5:35am | Edited 8:43am
Hi all,

i know you've been waiting long since my last V3.0 EA...

Here comes V4.0 version of the EA...

New features:

- Added TRAILING STOP capability
New inputs:
TrailingStopPips(0): pips to trail the StopLoss; when 0 no trailing is applied (fixed SL as before).
TrailingStopStep(1): trailing SL will jump by this amount instead of trailing at every tick;
(helps limit the number of sent orders, and therefore order rejections).

- Added profit lock-in after fixed profit:
New input "BreakEvenPips":
when "BreakEvenPips" is >0, SL is moved to BE+"BreakEvenProfitInPips" when price has reached BE+"BreakEvenPips";
Works independently from "AllowHalfClose" option (but uses the same BreakEvenProfitInPips value);
Will also be trailed if TrailingStop is selected;
(inspired from Steve's MPTM EA...)

- Added MaxRisk input: if >0, then order size is the min of Lot input and calculated max Lot based on MaxRisk and Stop-Loss;

- All open/pending trades will be closed when the EA is unloaded;

[edit]
- replaced order-related functions with "reliable" versions of them... (will retry 10 times at timed intervals if call fails).
[/edit]

- when MagicNumber is 0, a unique MagicNumber is created by the EA, MagicNumbers will be different for each pair/TF;
This helps running the EA on different pairs/TF without having to

- added Alerts when Indicator SETTINGS GlobalVariables cannot be found; EA will stop trading in this case.

- fix: in V3.0, objPrefix default value was not set to "LB-" as it should have been, leading to error 130 "invalid stops";


Let's see how this one goes.


Sorry, no martingale code yet, i'm working on it now...


Sq.
Attached File(s)
File Type: mq4 London Breakout EA-V4.0.mq4   40 KB | 1,144 downloads
  • #763
  • May 20, 2010 7:46am May 20, 2010 7:46am
got the blueberry yum yum.. lol
thanks squalou..
  • #764
  • May 20, 2010 8:07am May 20, 2010 8:07am
Quoting mistersimple
got the blueberry yum yum.. lol
thanks squalou..
I haven't mentionned it, but...
i also added a check for "part-close failed (with error 131)= invalid trade volume" error for you...
  • #765
  • May 20, 2010 8:16am May 20, 2010 8:16am
Quoting squalou
I haven't mentionned it, but...
i also added a check for "part-close failed (with error 131)= invalid trade volume" error for you...
bugaga
ok will set up tonight..
big thanks again
  • #766
  • May 20, 2010 9:33am May 20, 2010 9:33am
Squalou,is the V4 a SCRIPT or a EA?Because V3.1 was a script.Thanks...GOD BLESS
  • #767
  • May 20, 2010 9:51am May 20, 2010 9:51am
Quoting smpprj
Squalou,is the V4 a SCRIPT or a EA?Because V3.1 was a script.Thanks...GOD BLESS
EA.
It has it in its name.

Just like the Script V3.1 has "script" in its name.

SQ.
  • #768
  • May 20, 2010 10:01am May 20, 2010 10:01am
Hi Squalou!

  • #769
  • May 20, 2010 11:30am May 20, 2010 11:30am
Thanks ................GOD BLESS
  • #770
  • May 20, 2010 4:48pm May 20, 2010 4:48pm
First post updated with new EA in the trading package.
  • #771
  • May 20, 2010 6:33pm May 20, 2010 6:33pm
Thanks sq, ill try this one!
  • #772
  • May 20, 2010 11:13pm May 20, 2010 11:13pm
Thank you Squalou,
Ur EA was really helpful & will try the new one.

Besides GBPUSD i found out EURGBP is also a good pair using my settings.
  • #773
  • May 21, 2010 12:13am May 21, 2010 12:13am
squalou,

I have had the indicator running alone on the charts all week, all displaying perfectly etc.
I just dropped the new v4 ea onto my charts, and it immediately set the pending orders for yesterday's box, even though I am well past the session end time. How do I prevent this from happening, and I am hoping the pending orders will cancel and new pendings will be created when today's box forms? (in 1 hour). Hopefully these pendings won't get opened before then

Thanks for any info
  • #774
  • May 21, 2010 1:22am May 21, 2010 1:22am
Okay here are the charts for Thursday. Red boxes are losing trades, Blue boxes are winning trades, and Black boxes are open trades that have not been completed and will be added to the next day's updates.

I have changed the box size size for Gbp/Usd, Gbp/Chf, Eur/Jpy, and Gbp/Jpy this week due to their higher daily ranges and stronger movements

Today was a rough day with the stock market drop affecting almost all the pairs as we gave back all the profit we made on Tuesday.

Eur/Usd

Trade 1= -83 pips
Trade 2= +168 (+84 x 2)

No open trades at this time.

Gbp/Usd

Trade 1= -99 pips from Wednesday

No open trades at this time. Next valid entry will use a multiplier of 2.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd new.jpg Size: 110 KB
Click to Enlarge Name: gbpusd new.jpg Size: 120 KB
  • #775
  • May 21, 2010 1:24am May 21, 2010 1:24am
Usd/Chf

Trade 1= -172 pips (-86 x 2) from Wednesday
Trade 2= -510 pips (-102 x 5)

 No open trades at this time.

Gbp/Chf

Trade 1= -161 pips

 No open trades at this time. Next valid entry will use a multiplier of 2.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf new.jpg Size: 130 KB
Click to Enlarge Name: gbpchf new.jpg Size: 112 KB
  • #776
  • May 21, 2010 1:29am May 21, 2010 1:29am
Usd/Jpy

Trade 1= +62

No open trades at this time.

 Eur/Jpy

Trade 1= -312 pips (-156 x 2) from Wednesday

No open trades at this time. Next valid entry will use a multiplier of 5.

 Gbp/Jpy

Trade 1= -770 (-154 x 5) from Wednesday

No open trades at this time. Next valid entry will use a multiplier of 13.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy new.jpg Size: 105 KB
Click to Enlarge Name: eurjpy new.jpg Size: 102 KB
Click to Enlarge Name: gbpjpy new.jpg Size: 107 KB
  • #777
  • May 21, 2010 1:42am May 21, 2010 1:42am
Everybody can basically take a break tonight as Usd/Jpy is the only pair I have with a valid box for tonight. Probably best as the market will hopefully stabilize a little before resuming on Monday.

I will also be looking over charts and playing around with some times and settings for an Asian session version of this strategy over the next week to see if there is any merit in doing so. sqaulou needs to take care of some adjustments to the indicator for this to work properly as certain features of the indicator are not drawing properly according to the different times before 00:00 GMT I'm testing. I'm sure, as usual, he will take care of this promptly as he always does (I wonder if he sleeps?).
  • #778
  • May 21, 2010 2:15am May 21, 2010 2:15am
Quoting mer071898
Everybody can basically take a break tonight as Usd/Jpy is the only pair I have with a valid box for tonight. Probably best as the market will hopefully[color=Blue] stabilize a little before resuming on Monday.

I will also be looking over charts and playing around with some times and settings for an Asian session version of this strategy over the next week to see if there is any merit in doing so. sqaulou needs to take care of some adjustments to the indicator for this to work properly as certain features...

yes, i do sleep a bit...

having hard time with those time-settings though... seems like everyone is having different behaviours !

Mer, please post or email me the buggy charts with the before-00:00 hours.
I thought i had it fixed... at least it works on my charts!
But i have broker time=local time for me, so that could explain why i cannot reproduce these !?@!*!! issues!!!

I'd like as much as all of you to have those issues definitely fixed so we can all carry on doing what we are here for: testing and improving the STRATEGY rather than the Indi+script+EA !!!

We need reliable tools to get trustable results...

Sq.
  • #779
  • May 21, 2010 2:49am May 21, 2010 2:49am
I get these error massage from MT4. What's wrong with my set?

2010.05.21 14:44:15London Breakout EA-V4.0 GBPUSD,M15: Alert: LB EA: GBPUSD OrderSend() FAILED at 1.43190000 (4051): invalid function parameter value
2010.05.21 14:44:15London Breakout EA-V4.0 GBPUSD,M15: Alert: LB EA: GBPUSD Sending SELLSTOP at 1.43190000 0.00000000 lots
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.JPG Size: 58 KB
  • #780
  • Edited 5:25am May 21, 2010 5:06am | Edited 5:25am
Quoting plypun
I get these error massage from MT4. What's wrong with my set?

2010.05.21 14:44:15 London Breakout EA-V4.0 GBPUSD,M15: Alert: LB EA: GBPUSD OrderSend() FAILED at 1.43190000 (4051): invalid function parameter value
2010.05.21 14:44:15 London Breakout EA-V4.0 GBPUSD,M15: Alert: LB EA: GBPUSD Sending SELLSTOP at 1.43190000 0.00000000 lots

hmmm.... trying to open 0.00 lots... !

It has to do with the "Risk" input (2%), and your current Account Free Margin.

I have put a check for the fixed Lot input, but not for the calculated Lot based on Risk and SL at trade open.

Can you try this change in the EA v4 code:

add the following code (in bold) at the beginning of the DisplayUserFeedback() function:

Inserted Code
//+------------------------------------------------------------------+
void DisplayUserFeedback()
//+------------------------------------------------------------------+
{

[b]   if (MaxRisk <= 0) {
     comment = StringConcatenate(comment, Gap, "Lot size = ", Lot, " (MaxRisk not used)", NL);
   } else {
     double lotsToTrade = MathMin(Lot,GetMaxLot(StopLoss,MaxRisk));
     comment = StringConcatenate(comment, Gap, "MaxRisk = ", MaxRisk, "% => ", DoubleToStr(lotsToTrade,2), "Lots, AccountFreeMargin = ", DoubleToStr(AccountFreeMargin(),0), AccountCurrency(), NL);
   }
[/b]
   comment = StringConcatenate(Gap, WindowExpertName(), " ", EA_VERSION, NL);
.......
Then see what it says in the AccountFreeMargin and lots.


Temporarily, you can set the Risk to 0 to remove the dynamic Lot calculation.

I will add a check on trade opening, and also a printout in the Status zone.

Sq.
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