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Nanningbob 60x90 EA

  • #3,601
  • May 18, 2010 4:18pm May 18, 2010 4:18pm
Quoting jay320
This is a martingale system, meaning you double down on every level. Recovery was something invented by nanningbob to stop the doubling down and instead take losses, so you don't blow up your account. If you want a more detailed explanation, check out the first post--it points you toward a really in depth explanation.
I C, thank you! I understand now!

I have read through all of those, but I guess I didn't get the nuance of stopping the martingale and closing them out. If you program it for 600 SL, then you don't have to close it w/ a recovery EA, but it will not stop the doubling or % increase. Makes sense.
We are our own best indicator.
  • #3,602
  • May 19, 2010 12:25am May 19, 2010 12:25am
Quoting jay320
The EA is trading the A lines. The price crosses the A line and hits the stop gap, and the EA places a stop order on the line, just like normal. Price, however, keeps going in the same direction. If the price travels the distance of the stop gap again, the first stop order gets deleted and a new one placed the stop gap below the current price. This keeps occurring until the price retraces enough to trigger the order. Levels after the first is triggered would happen just like they do now.

Honestly, I think this could revolutionize the way...
I have incorporated this long back in the previous MAFilter EA as well as Sixth EA with External TF. It just deletes the first order if it remains pending till the second order. Only problem is, if the first order becomes market order and orders in between remain pending orders and we can do nothing about them as if we close it, all other orders get closed.
Attached File(s)
File Type: mq4 Sixth Screen EA v3.2z-StopOrders-ExternalTF.mq4   26 KB | 487 downloads
"Put all your efforts in becoming effortless"
  • #3,603
  • May 19, 2010 10:17am May 19, 2010 10:17am
Quoting IamTHAT
I have incorporated this long back in the previous MAFilter EA as well as Sixth EA with External TF. It just deletes the first order if it remains pending till the second order. Only problem is, if the first order becomes market order and orders in between remain pending orders and we can do nothing about them as if we close it, all other orders get closed.
I'm not sure if this is exactly what I'm intending... what you're saying is that it just deletes the first level when it gets to the second? I'll start demo testing and hopefully I can answer this myself.
  • #3,604
  • May 21, 2010 12:53am May 21, 2010 12:53am
Quoting Zurathustra
Awesome! I have 3 different STC indi's and NONE of them appear to interpret the STC according to the release documents for the indi.
Zara, you may want to try also the attached, uses trix rather than the macd that schaff uses. Backtesting I've done indicates signals more consistent.

Knoxy
Attached File(s)
File Type: mq4 Trix Trend Cycle.mq4   4 KB | 389 downloads
Aspice, officio fungeris sine spe honoris amplioris
  • #3,605
  • May 21, 2010 3:21am May 21, 2010 3:21am
OK, more research into this concept has led me into some strange places.. but I think I "may" have hit on a way to make this system "better".. I just need to start coding it out.

For those who can code and are too impatient for me to do it, here is the concept:

Time frame used does not matter (M1 to Daily)

Find the Daily High and Daily Low - I would prefer to use a dynamic bar count and iHighest for this, rather then market open close. In other words, iHighest/iLowest on M1 = 1440 bars for daily, M5 = 288 bars daily, etc..

Entry = 20 Pips from iHighest/iLowest. So a Sell order would be placed 20 Pips below the iHighest, a buy order 20 Pips above the iLowest.

Exit = 20 Pips from iHighest/iLowest. Thats right, you stay in the trade until it makes a complete trip to the new low or high for the daily. This would/should function as a 20 Pip trailing stop that becomes active at the creation of a NEW iHighest/iLowest.

SL = 20 Pips (Because if your entry moved 20 pips against you, a new iHighest/iLowest is about to be formed or just has been.

The goal of this system would be to catch the absolute bottom and top of the daily swing, which would hopefully get you in on the longest move of the day and keep you in until it finishes. Now I imagine your probably asking yourself.. but wont it get stopped out a lot until it finally makes a complete reversal? How could this possibly be profitable long term?

Well, that's where the concept of adding to a winning trade comes in. Lets say we start with 0.01 lots and then continue to add 0.01 lots every time the trade moves 20 pips in our favor. Over a 100 pip move from the high/low you would eventually end up with an entry at 20, 40, 60, 80, and 100 pips. Those entries would have 80, 60, 40, 20, and 0 pips in profit each. Now lets say that they just happened to be a part of the new high/low so the 20 pip trailing stop kicked in for all, which then got hit. You would end up with 60,40,20,0, and -20 pips in all totaling to 120 pip gain. In order to cancel out that 120 pip gain, you would need to have 6 loosing trades in a row with the 20 pip SL. (granted I'm not counting spread here, but you get the general idea.)

So how does this relate to the Sixth? Replace all those references to "20 Pips" with 1/6 fractional daily high/low.

Basically what I plan on doing:

Add 1 more level to Sixth Screen EA, this new level will be the iHighest/iLowest.

Entry will be on the retrace from that level the next level, meaning price established the new high or low, then retraced to the level heading towards the center. (this is thanks to the buy/sell stop )

SL is set so if it moves against you, not to worry you shouldn't loose much.

As prices moves through each of the segments heading to the other side, more entries are made until if finally touches the opposite side, at which point a trailing stop for all the entries is implemented.

This should mean that you have 6 entries as price passed through A, B, Center, A, B, and Touched opposite side. Which should also mean you have 5 positive pip trades at the touch. Each of those trades may have varying degrees of profit as the lines are dynamic as each new period high low is established.

Basically the goal is to be in on the major move of the day to get the big payoff. The small loosing trades are the price you have to pay to be there when it moves.

Hopefully this works as well in practice as it does in my imagination
  • #3,606
  • Edited 5:24am May 21, 2010 4:47am | Edited 5:24am
Here is a screen shot of the modified Indicator with some lines I drew to explain whats happening.
Attached Image (click to enlarge)
Click to Enlarge Name: screen.jpg Size: 97 KB


You can see with Line A:

A high had been established at 1.2436, you have started selling at 24 pips below that (1/6th previous low) with a SL at 1.2436. This would have continued until the new low was established at 1.2295. All trades would have then set a trailing stop of 23, which would have been hit shortly there after.. also triggering the start of new buys on the B trend.

Potential profit from this trade:

First trade 93 Pips,
second trade 70 pips
third trade 47 pips
fourth trade 24 pips
fifth trade 1 pips
sixth trade -23 pips
Total +212 pips

You can see with line B:

Exactly when your previous line A trades close, line B's buys start kicking in. Your buys would have been exactly 23 pips apart based off the previous high, however you can see a NEW high was established and then continued to push even high then the previous high. So what would have happened? Your trailing stops would have started on your last trade at 1.2437 and been slowly expanding to be 33 pips at 1.2497 where it established a high and then retraced 40 pips, hitting your 33 pip trailing stops.

Profit at this point would have been.

First trade 145
second trade 122
third trade 99
fourth trade 76
fifth trade 53
sixth trade 30
Total + 525 pips

However, a new sell would enter then at 33 pips from the high then retrace back to hit its stop loss for a -33 pip loss, and again shortly after for a -35 pip loss before it establishes a high at 1.2598 (yellow line).

Line C shows us:

2 more sells would be made and then come back to hit that stop. resulting in -100 and -50 pips before the final high was established at 1.2671.

Trades for the day so far would have resulted in a gain of 519 pips overall after the losses are factored in. You would also be in 3 sell trades currently, at 62 pip distances. one at +62 one at 0 and one at -62.. effectively a null trade at the moment until a new low is established or the prices continues south..

I personally think this method has some merit, and have included the modified version of the Sixth Indicator in this post so you can hopefully see what I'm seeing. This is meant for the 1 minute chart, Zoomed out as far as you can . (or you can just change the bar count to 120 and keep using like you always have, it just has 2 more bars on it then the old version)

(I should also point out that a person COULD use Williams Percent Range (250) with this on the M1 as a good indicator for when its a good time to bail on trades, which would get you out earlier and prevent some of those losing trades I have listed while at the same time getting you more profit on your winners. When the WPR touches 0, exit your buys, when the WPR touches -100 exit your sells. USE WPR FOR EXIT ONLY!!!)

I'm going to see if I can get this working as an EA
Attached File(s)
File Type: mq4 Sixth Screen V4.0z.mq4   5 KB | 482 downloads
  • #3,607
  • May 21, 2010 5:34am May 21, 2010 5:34am
This is very interesting Zarathustra. I hope You can turn this in to EA, or maybe someone with good knowing of codding could help.
I am going to download this indicator and try to understand this.
Thanks
  • #3,608
  • May 21, 2010 5:57am May 21, 2010 5:57am
Coding the idea into an EA may be trickier then my meager MT4 coding skills can handle. I had first thought about modding one of the existing EA's, however it occurs to me the trade direction logic is fundamentally different so i might as well start from scratch. However there are some good coders here, so perhaps one of them will beat me to it.

Rough logic so far:

Trade direction is determined by whether iHighest or iLowest is the last established point. (ie, if iLowest then all buys, and if iHighest then all sells)

All 6 Sell/Buy stops are then placed at the same time based on the current bar distance (highest - lowest) / 6. They need to be updated dynamically as the range changes.

SL = Highest if sell, Lowest if buy
There is no preset TP, however a trailing stop of (highest - lowest) /6 is applied upon the last (6th) trade entering.
  • #3,609
  • May 21, 2010 7:52am May 21, 2010 7:52am
So I decided to toss together an indicator to more easily do a visual back test, and in so doing I remembered the Donchian channel. Unfortunently I also remember the "point" behind the Donchian channel while I was making the indicator.

Long story short, I dont think the strategy I posted earlier would be long term profitable based on the visual back test of this indicator. It accurately shows where your entry/exit points would have been, allowing you to easily see if a trade would or would not have been in profit. As such I am seeing several points where SL's would have been hit, TP's moved, entries not made, etc..

Still, its a handy tool and I would recommend anyone using the Sixth to switch to this one instead as it shows where you are now as well as where you have been.

Attached Image (click to enlarge)
Click to Enlarge Name: screen.jpg Size: 101 KB


Although I "may" have stumbled onto something else entirely with the combination of the Sixth Donchian 1440 and a WPR 250 on the M1.
Attached File(s)
File Type: mq4 Sixth Donchian v1.0.mq4   4 KB | 420 downloads
  • #3,610
  • May 21, 2010 8:40am May 21, 2010 8:40am
Quoting Zurathustra
So I decided to toss together an indicator to more easily do a visual back test, and in so doing I remembered the Donchian channel. Unfortunently I also remember the "point" behind the Donchian channel while I was making the indicator. ...Although I "may" have stumbled onto something else entirely with the combination of the Sixth Donchian 1440 and a WPR 250 on the M1.
Hi Zurathustra

Thank you for your posts, I use NB 4H System and the sixths indicator. I would be most grateful if you can tell me why Donchian channels are better than sixths indicator and the use with WPR.

Kind Regards
  • #3,611
  • May 21, 2010 10:36am May 21, 2010 10:36am
Quoting astral77
Hi Zurathustra

Thank you for your posts, I use NB 4H System and the sixths indicator. I would be most grateful if you can tell me why Donchian channels are better than sixths indicator and the use with WPR.

Kind Regards
Well, I kinda covered this earlier in the thread, but in a nutshell the Donchian Channel shows the exact same info as the Sixth Screen Indicator, it just doesn't "repaint" the past I guess you could say.

If you take both indicators and lay them on a chart, you'll see your current Donchian Channel "Should" match exactly what the Sixth Screen indicator is showing you.. however what the Sixth Screen DOESN'T show you is where it WAS.. this is where the Donchian comes in. As you can easily scroll back through your history and see the trades you "would" have taken and at what point.

WPR is just a reversed Stoch with no smoothing. You could use a Stochastic 250, 1, 1 .. here take a look at this screen shot:
Attached Image (click to enlarge)
Click to Enlarge Name: screen.jpg Size: 164 KB


This is the Sixth Donchian set to 720 Bars on the M1, a 250 WPR (yellow), and a 250, 1, 1 Stoch (Blue).

Effectively on this setup you would use the WPR or the Stoch (which are identical if you noticed) to see levels of Overbought or Oversold when they touch thier extremes. IE, when they touch the bottom its likely the sell trend is over, when they touch top its likely the buy trend is over. This is why I said its a good way to find an EXIT, because also if you notice it "can" stay in that general area while the prices continues the trend.

Now if you look at that same chart you can see the pattern. Price pushed the Donchian Channel to a new extreme while either the Stoch or WPR also continued to push on its extreme. Then, when price began its reversal run, it crossed either the B High or B Low while at the same time either the Stoch or WPR crossed its level line. You "could" have taken those trades and stayed in them until the Stoch / WPR touched its other extreme, at which point you exit and wait for the price to test the Donchian Extreme again.

Hopefully that clarifies things a little. BTW you dont need both the Stoch and the WPR, I just put it on the chart to show that the both show the same info. Either or, doesn't matter .
  • #3,612
  • May 21, 2010 11:10am May 21, 2010 11:10am
Quoting Zurathustra
Well, I kinda covered this earlier in the thread, but in a nutshell the Donchian Channel shows the exact same info as the Sixth Screen Indicator, it just doesn't "repaint" the past I guess you could say...Hopefully that clarifies things a little. BTW you dont need both the Stoch and the WPR, I just put it on the chart to show that the both show the same info. Either or, doesn't matter .
Many thanks and please accept my apologies for asking a question without doing my homework. I do hate it when someone barges into a thread and asks questions which have been covered before, and now I am guilty of the same offence.

I will do as you have suggested and place the Donchian next to the sixths for a few days and compare. I hope BOB could let us have his thoughts regarding this.

Kind Regards
  • #3,613
  • May 27, 2010 8:10am May 27, 2010 8:10am
Quoting IamTHAT
I have incorporated this long back in the previous MAFilter EA as well as Sixth EA with External TF. It just deletes the first order if it remains pending till the second order. Only problem is, if the first order becomes market order and orders in between remain pending orders and we can do nothing about them as if we close it, all other orders get closed.
IAMTHAT,

So, if we combined the new code that MorningMania did on post #3590 that allows us to delete orders individually and combine that with the code you have that cancels old pending orders then we have something right?

I do believe this would 'revolutionize' the technique in some ways. I have been experimenting w/ this on the 5M and it is very profitable, however, I have to sit and move quickly to delete pending orders at the .01 level if price moves quickly.

If a .02 (L2) order gets opened quickly, before my L1 order then I just move my TP above/below to where it won't impact it.

However, as I was testing this morning (while I was sleeping) the 5M had a huge drawdown (because it hit my 100pip stops) because on the trending market (maybe we just turn it off on London open??) it didn't open L1, L3 or even L4, but started w/ L2 and L5/L6 which then L2 trade hit the 100 pip stop and all got closed for -150.00 each. (This is demo)

So, again:

1. Enable pending orders to be closed without closing open orders.
2. Close pending orders if previous Level order was not opened and reset to current level trade. (i.e. L2 doesn't get opened, then L3 becomes L2 if it makes it down that far etc..)

I think these changes alone would definitely make this a profitable technique on both larger and smaller timeframes.



Here is the code I am using:

Inserted Code
//+------------------------------------------------------------------+
//|  Sixth Screen EA v3.2z(Zurathustra MOD) based on the original    |
//|  4H Sixth EA ver3.MQ4 by an unknown author.                      |
//|                                                     Zurathustra  |
//|                                                                  |
//|  This EA finds the range of the highest high and the lowest low  |
//|  of the past X bars of the current chart.  It then splits the  |
//|  into six equal parts and places a counter trend BUY or SELL     |
//|  order based on the highest or lowest value.  TP is determined by|
//|  the range and dividing by 7(Highest High - Lowest Low) / 7).    |  
//|                                                                  |
//|                                                     Zurathustra  |
//|  If you found this EA to be usefull or profitable, please make a |
//|  donation via paypal to [email protected]                      |
//+------------------------------------------------------------------+

extern string  sb="--TRADE SETTING--";

extern double Lots = 0.005;       // We start with this lots number
extern int BarCount = 45; //80 on 30 minute, 240 on 4H
extern string ABF="If 1 trade A line, if 2 trade B line";
extern double ABFlag = 2; // If 1 trade A line, if 2 trade B line
extern int    BarTF = 5;
extern string comments = "Sixth";
extern double multiply= 1.5; 
extern int    MaxTrades= 10;        // Maximum number of orders to open
extern int    StopLoss = 6000;  // StopLoss
extern double StopGapRatio = 1.0; // Ratio of StopGap to Pips (Layer Distance)
extern bool   MyMoneyProfitTarget=False;
extern double My_Money_Profit_Target=50;
extern int    TrailingStop = 0;// Pips to trail the StopLoss
extern string  MM="--MOney Management--"; // (from order 2, not from first order
extern string  MMSwicth="if one the lots size will increase based on account size";
extern int mm=0;                // if one the lots size will increase based on account size
extern string  riskset="risk to calculate the lots size (only if mm is enabled)";
extern int risk=1;             // risk to calculate the lots size (only if mm is enabled)
extern string accounttypes="0 if Normal Lots, 1 for mini lots, 2 for micro lots";
extern int AccountType=2;  // 0 if Normal Lots, 1 for mini lots, 2 for micro lots
extern string  magicnumber="--MAgic No--";
extern int MagicNumber= 0;  // Magic number for the orders placed
extern string  so="--CUTLOSS SETTING--";
extern bool SecureProfitProtection=True;
extern string  SP="If profit made is bigger than SecureProfit we close the orders";
extern int SecureProfit=5;     // If profit made is bigger than SecureProfit we close the orders
extern string  OTP="Number of orders to enable the account protection";
extern int OrderstoProtect=9;   // Number of orders to enable the account protection
extern string  ASP="if one will check profit from all symbols, if cero only this symbol";
extern bool AllSymbolsProtect=False; // if one will check profit from all symbols, if cero only this symbol
extern string  EP="if true, then the expert will protect the account equity to the percent specified";
extern bool EquityProtection=False;  // if true, then the expert will protect the account equity to the percent specified
extern string  AEP="percent of the account to protect on a set of trades";
extern int AccountEquityPercentProtection=90; // percent of the account to protect on a set of trades
extern string  AMP="if true, then the expert will use money protection to the USD specified";
extern bool AccountMoneyProtection=False;
extern double AccountMoneyProtectionValue=3000.00;
string  s1="--seting berapa jam dia nak open order--";
bool UseHourTrade = false;
int FromHourTrade = 0;
int ToHourTrade = 23;

extern string  TradingTime="--trading time setting--";
extern bool    UseTradingHours = false;
extern bool    TradeAsianMarket = true;
extern int     StartHour1 = 0;       // Start trades after time
extern int     StopHour1 = 3;      // Stop trading after time
extern bool    TradeEuropeanMarket = true;
extern int     StartHour2 = 9;       // Start trades after time
extern int     StopHour2 = 11;      // Stop trading after time
extern bool    TradeNewYorkMarket = true;
extern int     StartHour3 = 15;       // Start trades after time
extern int     StopHour3 = 17;      // Stop trading after time
extern bool TradeOnFriday=True;
extern string  OtherSetting="--Others Setting--";
int OrdersTimeAlive=0;  // in seconds
extern string  reverse="if one the desition to go long/short will be reversed";
extern bool ReverseCondition=False;  // if one the desition to go long/short will be reversed
extern string  limitorder="if true, instead open market orders it will open limit orders ";
extern bool SetLimitOrders=False; // if true, instead open market orders it will open limit orders 
int Manual=0;            // If set to one then it will not open trades automatically
color ArrowsColor=White;       // color for the orders arrows
extern color A_High = Red;
extern color B_High = White;
extern color Center = Red;
extern color B_Low = White;
extern color A_Low = Red;


int OpenOrdersBasedOn=16; // Method to decide if we start long or short
bool ContinueOpening=True;

int  OpenOrders=0, cnt=0;
int MarketOpenOrders=0, LimitOpenOrders=0;
int  slippage=5;
double sl=0, tp=0;
double BuyPrice=0, SellPrice=0;
double lotsi=0, mylotsi=0;
int mode=0, myOrderType=0, myOrderTypetmp=0;
double LastPrice=0;
int  PreviousOpenOrders=0;
double Profit=0;
int LastTicket=0, LastType=0;
double LastClosePrice=0, LastLots=0;
double Pivot=0;
double PipValue=0;
bool Reversed=False;
double tmp=0;
double iTmpH=0;
double iTmpL=0;
datetime NonTradingTime[][2];
bool FileReaded=false;
string dateLimit = "2030.01.12 23:00";
int CurTimeOpeningFlag=0;
datetime LastOrderOpenTime=0;
bool YesStop;
int TakeProfit = 0;  // Profit Goal for the latest order opened
int Pips = 0;           // Distance in Pips from one order to another
double StopGap = 0; // distance of stop order from the line
double SellLevel = 0;// Sell limit
double BuyLevel = 0; // Enter buy limit here.If 0 no trades taken




//+------------------------------------------------------------------+
//| expert initialization function                                   |
//+------------------------------------------------------------------+
int init()
  {
//---- indicators
      ObjectCreate("A Low",1,0,TimeCurrent(),Low[BarCount]);
      ObjectSet("A Low",OBJPROP_COLOR,A_Low);
      ObjectSet("A Low",OBJPROP_STYLE,STYLE_SOLID);
      ObjectSet("A Low",OBJPROP_WIDTH,2);     
      ObjectSet("A Low",OBJPROP_FONTSIZE,20);
  
      ObjectCreate("B Low",1,0,TimeCurrent(),Low[BarCount]);
      ObjectSet("B Low",OBJPROP_COLOR,B_Low);
      ObjectSet("B Low",OBJPROP_STYLE,STYLE_SOLID);
      ObjectSet("B Low",OBJPROP_WIDTH,2);    

      ObjectCreate("Center",1,0,TimeCurrent(),Low[BarCount]);
      ObjectSet("Center",OBJPROP_COLOR,Center);
      ObjectSet("Center",OBJPROP_STYLE,STYLE_SOLID);
      ObjectSet("Center",OBJPROP_WIDTH,2);
      
      ObjectCreate("B High",1,0,TimeCurrent(),Low[BarCount]);
      ObjectSet("B High",OBJPROP_COLOR,B_High);
      ObjectSet("B High",OBJPROP_STYLE,STYLE_SOLID);
      ObjectSet("B High",OBJPROP_WIDTH,2);
      
      ObjectCreate("A High",1,0,TimeCurrent(),Low[BarCount]);
      ObjectSet("A High",OBJPROP_COLOR,A_High);
      ObjectSet("A High",OBJPROP_STYLE,STYLE_SOLID);
      ObjectSet("A High",OBJPROP_WIDTH,2);
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| expert deinitialization function                                 |
//+------------------------------------------------------------------+
int deinit()
  {
//---- 
   DeleteAllObjects();
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| expert start function                                            |
//+------------------------------------------------------------------+

int start()

  {
//---- 
   int cnt=0;
   bool result;   
   string text="";
   string version="";
   
  // skrip masa trading
    if (UseTradingHours)
   {

     YesStop = true;
// Check trading Asian Market
     if (TradeAsianMarket)
     {
        if (StartHour1 > 18)
        {
// Check broker that uses Asian open before 0:00

          if (Hour() >= StartHour1) YesStop = false;
          if (!YesStop)
          {
            if (StopHour1 < 24)
            {
              if ( Hour() <= StopHour1) YesStop = false;
            }
// These cannot be combined even though the code looks the same
            if (StopHour1 >=0)
            {
              if ( Hour() <= StopHour1) YesStop = false;
            }
          }
        }
        else
        {
          if (Hour() >= StartHour1 && Hour() <= StopHour1) YesStop = false;
        }
     }
     if (YesStop)
     {
// Check trading European Market
       if (TradeEuropeanMarket)
       {
         if (Hour() >= StartHour2 && Hour() <= StopHour2) YesStop = false;
       }
     }
     if (YesStop)
     {
// Check trading European Market
       if (TradeNewYorkMarket)
       {
         if (Hour() >= StartHour3 && Hour() <= StopHour3) YesStop = false;
       }
     }
     if (YesStop)
     {
//      Comment ("Trading has been stopped as requested - wrong time of day");
       return (0);
      }
   }
   
   // skrip masa trading
   
   if (AccountType==0)
   {
 if (mm!=0) { lotsi=MathCeil(AccountBalance()*risk/10000); }
 else { lotsi=Lots; }
   } 
   
   if (AccountType==1)
   {  // then is mini
    if (mm!=0) { lotsi=MathCeil(AccountBalance()*risk/10000)/10; }
 else { lotsi=Lots; }
   }
   
   if (AccountType==2)
   {
    if (mm!=0) { lotsi=MathCeil(AccountBalance()*risk/10000)/100; }
    else { lotsi=Lots; }
   }

   if (lotsi<0.01) lotsi=0.01;
   if (lotsi>100) lotsi=100; 
   
   OpenOrders=0;
   MarketOpenOrders=0;
   LimitOpenOrders=0;
   for(cnt=0;cnt<OrdersTotal();cnt++)   
   {
     if (OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES))
     {
   if (OrderSymbol()==Symbol() && OrderMagicNumber() == MagicNumber)
   {
    if (OrderType()==OP_BUY || OrderType()==OP_SELL) 
    {
     MarketOpenOrders++;
     LastOrderOpenTime=OrderOpenTime();
    }
    if (OrderType()==OP_SELLLIMIT || OrderType()==OP_BUYLIMIT ||OrderType()==OP_SELLSTOP || OrderType()==OP_BUYSTOP) LimitOpenOrders++;
    OpenOrders++;
   }
  }
   }  
   
   if (OpenOrders<1) 
   {
  if (!TradeOnFriday && DayOfWeek()==5) 
  {
    Comment("TradeOnfriday is False");
    return(0);
  }
   }
   
   PipValue=MarketInfo(Symbol(),MODE_TICKVALUE); 
   
   if (PipValue==0) { PipValue=5; }
  
   if (AccountMoneyProtection && AccountBalance()-AccountEquity()>=AccountMoneyProtectionValue)
   {
    text = text + "nClosing all orders and stop trading because account money protection activated..";
    Print("Closing all orders and stop trading because account money protection activated.. Balance: ",AccountBalance()," Equity: ",AccountEquity());
    PreviousOpenOrders=OpenOrders+1;
    ContinueOpening=False;
    return(0);
   }
   
   ////aku masukkan time
   if (UseHourTrade){
      if (!(Hour()>=FromHourTrade && Hour()<=ToHourTrade)) {
    text = text + "nORDER TELAH DI TUTUP KERANA MASA DAH TAMAT.";
    Print("ORDER HAS REACHED CLOSING TIME ",AccountProfit()," EKUITI: ",AccountEquity());
    PreviousOpenOrders=OpenOrders+1;
    ContinueOpening=False;
    return(0);
   }
}
   //set my profit for one Day
   if (MyMoneyProfitTarget && AccountProfit()>= My_Money_Profit_Target)
   {
    text = text + "nClosing all orders and stop trading because mymoney profit target reached..";
    Print("Closing all orders and stop trading because mymoney profit target reached.. Profit: ",AccountProfit()," Equity: ",AccountEquity());
    PreviousOpenOrders=OpenOrders+1;
    ContinueOpening=False;
    return(0);
   }
   // Account equity protection 
   if (EquityProtection && AccountEquity()<=AccountBalance()*AccountEquityPercentProtection/100) 
 {
 text = text + "nClosing all orders and stop trading because account money protection activated.";
 Print("Closing all orders and stop trading because account money protection activated. Balance: ",AccountBalance()," Equity: ", AccountEquity());
 //Comment("Closing orders because account equity protection was triggered. Balance: ",AccountBalance()," Equity: ", AccountEquity());
 //OrderClose(LastTicket,LastLots,LastClosePrice,slippage,Orange); 
 PreviousOpenOrders=OpenOrders+1;
 ContinueOpening=False;
 return(0);
   }
     
   // if dont trade at fridays then we close all
   if (!TradeOnFriday && DayOfWeek()==5)
   {
    PreviousOpenOrders=OpenOrders+1;
    ContinueOpening=False;
    text = text +"nClosing all orders and stop trading because TradeOnFriday protection.";
    Print("Closing all orders and stop trading because TradeOnFriday protection.");
   }
   
   // Orders Time alive protection
   if (OrdersTimeAlive>0 && CurTime() - LastOrderOpenTime>OrdersTimeAlive)
   {
    PreviousOpenOrders=OpenOrders+1;
    ContinueOpening=False;
    text = text + "nClosing all orders because OrdersTimeAlive protection.";
    Print("Closing all orders because OrdersTimeAlive protection.");
   }
   
   if (PreviousOpenOrders>OpenOrders) 
   {  
  for(cnt=OrdersTotal()-1;cnt>=0;cnt--)
  {
     if (OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES))
     {
     mode=OrderType();
   if ((OrderSymbol()==Symbol() && OrderMagicNumber() == MagicNumber) || AllSymbolsProtect) 
   {
  if (mode==OP_BUY || mode==OP_SELL)
  { 
   OrderClose(OrderTicket(),OrderLots(),OrderClosePrice(),slippage,ArrowsColor);
   return(0);
  }
  }
 }
  }
  for(cnt=0;cnt<OrdersTotal();cnt++)
  {
     if (OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES))
     {
     mode=OrderType();
   if ((OrderSymbol()==Symbol() && OrderMagicNumber() == MagicNumber) || AllSymbolsProtect) 
   {
  if (mode==OP_SELLLIMIT || mode==OP_BUYLIMIT || mode==OP_BUYSTOP || mode==OP_SELLSTOP)
  {
  OrderDelete(OrderTicket());
   return(0);
  }
  }
 }
  }
   }
   PreviousOpenOrders=OpenOrders;
      
   if (OpenOrders>=MaxTrades) 
   {
  ContinueOpening=False;
   } else {
  ContinueOpening=True;
   }

   if (LastPrice==0) 
   {
  for(cnt=0;cnt<OrdersTotal();cnt++)
  {
    if (OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES))
    {
  mode=OrderType();
  if (OrderSymbol()==Symbol() && OrderMagicNumber() == MagicNumber) 
  {
LastPrice=OrderOpenPrice();
if (mode==OP_BUY||mode==OP_BUYSTOP ) { myOrderType=2; }
if (mode==OP_SELL||mode==OP_SELLSTOP) { myOrderType=1;}
  }
 }
  }
   }

   // SecureProfit protection
  //if (SecureProfitProtection && MarketOpenOrders>=(MaxTrades-OrderstoProtect)
  // Modified to make easy to understand 
  if (SecureProfitProtection && MarketOpenOrders>=OrderstoProtect) 
   {
  Profit=0;
     for(cnt=0;cnt<OrdersTotal();cnt++)
     {
      if (OrderSelect(cnt, SELECT_BY_POS, MODE_TRADES))
      {
       if ((OrderSymbol()==Symbol() && OrderMagicNumber()==MagicNumber) || AllSymbolsProtect)
        Profit=Profit+OrderProfit();         
      }
     }    
  if (Profit>=SecureProfit) 
  {
     text = text + "nClosing orders because account protection with SecureProfit was triggered.";
     Print("Closing orders because account protection with SeureProfit was triggered. Balance: ",AccountBalance()," Equity: ", AccountEquity()," Profit: ",Profit);
     PreviousOpenOrders=OpenOrders+1;
  ContinueOpening=False;
  return(0);
  }
   }

  myOrderTypetmp=3;
  switch (OpenOrdersBasedOn)
  {  
     case 16:
       myOrderTypetmp=OpenOrdersBasedOnSTOCH();
       break; 
     default: 
        myOrderTypetmp=OpenOrdersBasedOnSTOCH();
        break;
  }
  
  


   if (OpenOrders<1 && Manual==0) 
   {
     myOrderType=myOrderTypetmp;
  if (ReverseCondition)
  {
    if (myOrderType==1) { myOrderType=2; }
  else { if (myOrderType==2) { myOrderType=1; } }
  }
   }   
   if (ReverseCondition)
   {
    if (myOrderTypetmp==1) { myOrderTypetmp=2; }
    else { if (myOrderTypetmp==2) { myOrderTypetmp=1; } }
   }
   
   // if we have opened positions we take care of them
   cnt=OrdersTotal()-1;
   while(cnt>=0)
   
   {
     if(OrderSelect(cnt,SELECT_BY_POS,MODE_TRADES)==false)        break;
  if (OrderSymbol() == Symbol() && OrderMagicNumber() == MagicNumber) // && Reversed==False) 
  {
        //Print("Ticket ",OrderTicket()," modified.");     
    if (OrderType()==OP_SELL) 
    {
       
      if (TrailingStop>0) 
  {
  if ((OrderOpenPrice()-OrderClosePrice())>=(TrailingStop*Point+Pips*Point)) 
  {
 if (OrderStopLoss()>(OrderClosePrice()+TrailingStop*Point))
 {    
    result=OrderModify(OrderTicket(),OrderOpenPrice(),OrderClosePrice()+TrailingStop*Point,OrderClosePrice()-TakeProfit*Point-TrailingStop*Point,0,Purple);
    if(result!=TRUE) Print("LastError = ", GetLastError());
                   else OrderPrint();
   return(0);  
   }
    }
  }
    }
   
    if (OrderType()==OP_BUY)
    {
       
   if (TrailingStop>0) 
   {
   if ((OrderClosePrice()-OrderOpenPrice())>=(TrailingStop*Point+Pips*Point)) 
{
if (OrderStopLoss()<(OrderClosePrice()-TrailingStop*Point)) 
{   
   result=OrderModify(OrderTicket(),OrderOpenPrice(),OrderClosePrice()-TrailingStop*Point,OrderClosePrice()+TakeProfit*Point+TrailingStop*Point,0,ArrowsColor);
   if(result!=TRUE) Print("LastError = ", GetLastError());                  
                  else OrderPrint();
                  return(0);
}
  }
 }
    }
   }
      cnt--;
   }   

      if (!IsTesting()) 
      {
     if (myOrderType==3 && OpenOrders<1) { text=text + "nTIADA KONDISI UTK OPEN ORDER"; }
     //else { text= text + "n                         "; }
    // Comment("HARGA TERAKHIR=",LastPrice," OPEN ODER YG LEPAS=",PreviousOpenOrders,"nBUKA LAGI=",ContinueOpening," JENISORDER=",myOrderType,"nLOT=",lotsi,text);
      }

      if (OpenOrders<1)
         OpenMarketOrders();
      else
         if (SetLimitOrders) OpenLimitOrders();
         else OpenMarketOrders();

//----
   return(0);
  }
//+------------------------------------------------------------------+


void OpenMarketOrders()
{        
    
   int cnt=0;      
      if (myOrderType==1 && ContinueOpening ) 
      {      
     if ((Bid-LastPrice)>= (Pips+StopGap)*Point || OpenOrders<1)  
     {     
    SellPrice= Bid - StopGap*Point;
    LastPrice=0;
    if (TakeProfit==0) { tp=0; }
    else { tp=SellPrice-TakeProfit*Point; }
    if (StopLoss==0) { sl=0; }
    else { sl=SellPrice+StopLoss*Point;  }
    if (OpenOrders!=0) 
    {
      mylotsi=lotsi;
      for(cnt=0;cnt<OpenOrders;cnt++)
      {
     if (MaxTrades>12) { mylotsi=NormalizeDouble(mylotsi*multiply,2); }
     else { mylotsi=NormalizeDouble(mylotsi*multiply,2); }
      }
    } else { mylotsi=lotsi; }
    if (mylotsi>50) { mylotsi=49; }
        
       {
          OrderSend(Symbol(),OP_SELLSTOP,mylotsi,SellPrice,slippage,sl,tp,comments,MagicNumber,0,ArrowsColor);
          return(0);        
       }
       
     }
     
  //   Sleep(6000);   ////aku letak
        //      RefreshRates(); 
      }
      
      if (myOrderType==2 && ContinueOpening) 
      {
     if ((LastPrice-Ask)>=(Pips+StopGap)*Point || OpenOrders<1) 
     {      
    BuyPrice=Ask+StopGap*Point;
    LastPrice=0;
    if (TakeProfit==0) { tp=0; }
    else { tp=BuyPrice+TakeProfit*Point; }
    if (StopLoss==0)  { sl=0; }
    else { sl=BuyPrice-StopLoss*Point; }
    if (OpenOrders!=0) {
   mylotsi=lotsi;
   for(cnt=0;cnt<OpenOrders;cnt++)
   {
  if (MaxTrades>12) { mylotsi=NormalizeDouble(mylotsi*multiply,2); }
  else { mylotsi=NormalizeDouble(mylotsi*multiply,2); }
   }
    } else { mylotsi=lotsi; }
    if (mylotsi>50) { mylotsi=49; }
    
    {
       OrderSend(Symbol(),OP_BUYSTOP,mylotsi,BuyPrice,slippage,sl,tp,comments,MagicNumber,0,ArrowsColor);
       return(0);    
    }
    
     }
      }   
}


void OpenLimitOrders()

{
   int cnt=0;
   
 //int StopLoss = valueS;           
      if (myOrderType==1 && ContinueOpening) 
      {
     //if ((Bid-LastPrice)>=Pips*Point || OpenOrders<1) 
     //{
    //SellPrice=Bid;
    SellPrice = LastPrice+Pips*Point;
    LastPrice=0;
    if (TakeProfit==0) { tp=0; }
    else { tp=SellPrice-TakeProfit*Point; }
    if (StopLoss==0) { sl=0; }
    else { sl=SellPrice+StopLoss*Point;  }
    if (OpenOrders!=0) 
    {
      mylotsi=lotsi;
      for(cnt=0;cnt<OpenOrders;cnt++)
      {
     if (MaxTrades>12) { mylotsi=NormalizeDouble(mylotsi*multiply,2); }
     else { mylotsi=NormalizeDouble(mylotsi*multiply,2); }
      }
    } else { mylotsi=lotsi; }
    if (mylotsi>100) { mylotsi=100; }
    OrderSend(Symbol(),OP_SELLLIMIT,mylotsi,SellPrice,slippage,sl,tp,"MyMEFx EA"+MagicNumber,MagicNumber,0,ArrowsColor);        
    return(0);
     //}
      }
      
      if (myOrderType==2 && ContinueOpening) 
      {
     //if ((LastPrice-Ask)>=Pips*Point || OpenOrders<1) 
     //{
    //BuyPrice=Ask;
    BuyPrice=LastPrice-Pips*Point;
    LastPrice=0;
    if (TakeProfit==0) { tp=0; }
    else { tp=BuyPrice+TakeProfit*Point; }
    if (StopLoss==0)  { sl=0; }
    else { sl=BuyPrice-StopLoss*Point; }
    if (OpenOrders!=0) {
   mylotsi=lotsi;
   for(cnt=0;cnt<OpenOrders;cnt++)
   {
  if (MaxTrades>12) { mylotsi=NormalizeDouble(mylotsi*multiply,2); }
  else { mylotsi=NormalizeDouble(mylotsi*multiply,2); }
   }
    } else { mylotsi=lotsi; }
    if (mylotsi>100) { mylotsi=100; }
    OrderSend(Symbol(),OP_BUYLIMIT,mylotsi,BuyPrice,slippage,sl,tp,"MyMEFx EA"+MagicNumber,MagicNumber,0,ArrowsColor);    
    return(0);
     //}
      }   

}
void DeleteAllObjects()
{
 int    obj_total=ObjectsTotal();
 string name;
 for(int i=0;i<obj_total;i++)
 {
  name=ObjectName(i);
  if (name!="")
   ObjectDelete(name);
 }
 ObjectDelete("FLP_txt");
 ObjectDelete("P_txt");
}

// 16
int OpenOrdersBasedOnSTOCH()
{
 int myOrderType=3;
 


          
 //---- lot setting and modifications
//Sell order
double value = High[iHighest(NULL,BarTF,MODE_HIGH,BarCount,1)] - Low[iLowest(NULL,BarTF,MODE_LOW,BarCount,1)];      //value top of the chart - value bottom
double sixth = value/6;
double value2 = High[iHighest(NULL,0,MODE_HIGH,BarCount,1)] - Low[iLowest(NULL,0,MODE_LOW,BarCount,1)]; 
double sixth2 = value2/6;
double valueSTEMP = (value*(MathPow(10,Digits)));
double valueS = NormalizeDouble(valueSTEMP,0);
double sixthSTEMP = (sixth*(MathPow(10,Digits)));
double sixthS = NormalizeDouble(sixthSTEMP,0);
double seventh = value/7;
double seventhSTEMP = (seventh*(MathPow(10,Digits)));
double seventhS = NormalizeDouble(seventhSTEMP,0);
TakeProfit = seventhS;   
Pips = sixthS;
double StopGapTEMP = (Pips * StopGapRatio);
StopGap = NormalizeDouble(StopGapTEMP,0);
double SellLevel = High[iHighest(NULL,BarTF,MODE_HIGH,BarCount,1)] - (sixth * ABFlag);
double BuyLevel = Low[iLowest(NULL,BarTF,MODE_LOW,BarCount,1)] + (sixth * ABFlag);

if(ObjectFind("A High")==-1)init();
   //Comment(ObjectFind("sixth"));
   ObjectMove("A Low",0,TimeCurrent(),Low[iLowest(NULL,0,MODE_LOW,BarCount,1)]+sixth2);
   ObjectMove("B Low",0,TimeCurrent(),Low[iLowest(NULL,0,MODE_LOW,BarCount,1)]+sixth2+sixth2);
   ObjectMove("Center",0,TimeCurrent(),Low[iLowest(NULL,0,MODE_LOW,BarCount,1)]+sixth2+sixth2+sixth2);
   ObjectMove("B High",0,TimeCurrent(),Low[iLowest(NULL,0,MODE_LOW,BarCount,1)]+sixth2+sixth2+sixth2+sixth2);
   ObjectMove("A High",0,TimeCurrent(),Low[iLowest(NULL,0,MODE_LOW,BarCount,1)]+sixth2+sixth2+sixth2+sixth2+sixth2);
  RefreshRates();
Comment("TF SELECTED=",BarTF,";  BAR COUNT=",BarCount,"n","High = ", High[iHighest(NULL,BarTF,MODE_HIGH,BarCount,1)], "n", "Low = ", Low[iLowest(NULL,BarTF,MODE_LOW,BarCount,1)], "n", "High to Low = ", (valueS), " pips", "n" ,"Take Profit = ", (seventhS), " pips", "n", "Line Pip Distance = ", (sixthS), " pips", "n" ,"Sell Level = ", SellLevel, "n" ,"Buy Level = ", BuyLevel, "n" ,"Stop Gap = ", StopGap);  

  int digits = MarketInfo(Symbol(),MODE_DIGITS);     
  

         if(  Bid  > (SellLevel+StopGap*Point) > 0)
 {
  myOrderType=1;//SELL
 }  
//buy order
         if(  Bid  < (BuyLevel-StopGap*Point) > 0)
 {
  myOrderType=2;//BUY
 }
 return(myOrderType);
}
We are our own best indicator.
  • #3,614
  • May 27, 2010 9:28am May 27, 2010 9:28am
Quoting bluemele
IAMTHAT,

So, if we combined the new code that MorningMania did on post #3590 that allows us to delete orders individually and combine that with the code you have that cancels old pending orders then we have something right?


1....
I have not looked into MMs code so far but as you said if these two features are combined, then it would help a lot a decreasing drawdowns. I have tried to alter EA for individual closing, but not very successful. We need experienced coder's assistance.
Suppose middle level orders remain pending, either we should be able to delete them or change fresh order lotsize to be decreased. Individual orders closing is there in old Blessings 2.0 EA but I am not good at copying them here.
"Put all your efforts in becoming effortless"
  • #3,615
  • Edited 10:08pm May 27, 2010 11:07am | Edited 10:08pm
Quoting IamTHAT
I have not looked into MMs code so far but as you said if these two features are combined, then it would help a lot a decreasing drawdowns. I have tried to alter EA for individual closing, but not very successful. We need experienced coder's assistance.
Suppose middle level orders remain pending, either we should be able to delete them or change fresh order lotsize to be decreased. Individual orders closing is there in old Blessings 2.0 EA but I am not good at copying them here.
Yes, hmmm. I posted in the programming discussion area for help, but no response.

I see two possibilities when exiting stop gap positions:

1. No matter what on L1, if it doesn't fill, then system delete's and updates to next position.

A. On further levels, delete the position as well, like level 1 and then open up the same level. Example is if it passes L2 and then it would open L2 where L3 is supposed to be.

OR

B. On further levels, delete the position that doesn't get filled, then if it makes its way down to L3, you open L3 and delete L2 in the process. This method would be a faster payback, but a bigger drawdown.

If you can do this, you can trade smaller time frame's without going crazy. It is profitable. I am getting killed on trading the 5M as it keeps skipping L1, L2,L3,L4 and going straight to L5 and not retracing...

----EDIT: I also just realized that the TP has to be automatically set higher than where it normally would go if you miss a few levels. Otherwise, you take a loss. If you are manually watching, no problem, but if you are gone, uh oh..
We are our own best indicator.
  • #3,616
  • May 28, 2010 12:00am May 28, 2010 12:00am
Quoting bluemele
----EDIT: I also just realized that the TP has to be automatically set higher than where it normally would go if you miss a few levels. Otherwise, you take a loss. If you are manually watching, no problem, but if you are gone, uh oh..

What you suggested was easy to do. Just take marketopenorders instead of openorders into consideration in the EA. This option is there in MAFilter EA (as SafeOrders option)
As you have noticed either TP has to change or lotsize has to decrease to reflect the saved pips. Since not much flexibility in lotsize if we are using micro, we need to change TPs. I tried changing lotsizes but didn't succeed.
"Put all your efforts in becoming effortless"
  • #3,617
  • May 28, 2010 1:31am May 28, 2010 1:31am
I've been working on a new version with pending orders and some other bells and whistles. I'm still testing it because I'm not sure everything works as intended and I'm also not sure if my ideas work. Anyway, it's on my home pc so I will upload it when I get home. Hopefully you'll find it easy enough to adapt to your needs.
  • #3,618
  • May 28, 2010 11:27am May 28, 2010 11:27am
Quoting MorningMania
I've been working on a new version with pending orders and some other bells and whistles. I'm still testing it because I'm not sure everything works as intended and I'm also not sure if my ideas work. Anyway, it's on my home pc so I will upload it when I get home. Hopefully you'll find it easy enough to adapt to your needs.
That is great. I tested your last system and it worked beautifully! I prefer stop/pending orders better to stay out of a fast moving market.

I believe if you were to put in the functionality of delete pending (manual or auto) when it reaches next level w/ auto profit calculation, then we are definitely into automating a profitable system.

I don't mind doing it manually, but I do like to feel 'stress free' when out-n-about.

Alerts for when it reaches a certain level is a good idea too! I do that manually through MT4 that if GBPJPY drops 300 pips, text my cell! If you could put something in that just does levels, than I think we could all use that!

Thanks for giving us new toys to play with.
We are our own best indicator.
  • #3,619
  • May 29, 2010 10:44am May 29, 2010 10:44am
Ok, here's what I got so far. It opens a pending order once a line has been crossed by "StopGapPoints". It then trails the price if it continues to move in the same direction. This means there will only be one pending order at the time (if I got it working as I intended). If that becomes active and if the price then turns again and passes the second level line by StopGapPoints then a 2nd level pending order is opened. The price of the 2nd level will be determined by the "MinimumReentryPoints" or by the sixth value, whichever is greater.

When an external variable is called blablablaPoints it means you have to enter a number of points, not pips. I use a 5 digit broker so most default values are set as such.

If you enable the hedge function for this you get the interesting feature that the hedge is opened when the price crosses the line, so even before the pending order is placed. I'm not sure that is wanted in a counter trend trading system so switch if off if you don't like it. At this time the hedge doesn't have a take profit, only a trailing stop.

Ideas I have is to put a hedge at the final level, so in case of a big trend without a retrace you can limit your losses.
Attached File(s)
File Type: mq4 SixthsPendingOrdersReCoded.mq4   24 KB | 315 downloads
  • #3,620
  • May 29, 2010 2:00pm May 29, 2010 2:00pm
Quoting MorningMania
Ok, here's what I got so far. It opens a pending order once a line has been crossed by "StopGapPoints". It then trails the price if it continues to move in the same direction. This means there will only be one pending order at the time (if I got it working as I intended). If that becomes active and if the price then turns again and passes the second level line by StopGapPoints then a 2nd level pending order is opened. The price of the 2nd level will be determined by the "MinimumReentryPoints" or by the sixth value, whichever is greater.

When...
Awesome Blossom!

Sounds great, will try it out today on backtesting. Hard to test a StopGap system that doesn't trail!

This is exactly what I was looking for! THANK YOU THANK YOU!

Interesting you mentioned about the hedging. I was just realising on my live account that I can't exit my L1 trade at 600 pips as it will close out all my orders! ahaha... So, I thought, it would be a good idea to just open a hedge to match it at the 600 pips.

Pips/Points... close enough. I am not good enough at calculating quickly the difference between the two with some currencies..., but I believe that if I am trading 4H then it won't matter that much.

I use 4D and 5D brokers, so will keep you posted of success.

Thank you thank you!

We are our own best indicator.
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