A Simple London Breakout | Page 41 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

A Simple London Breakout V.2 1,490 replies

SIMPLE EA for a simple method needed!! 2 replies

Another Simple London Breakout System (with a twist) 46 replies

Simple london breakout v.9.2 error 1 reply

Need help with this simple london breakout EA 2 replies

Attachments: A Simple London Breakout
Exit Attachments

A Simple London Breakout

  • #801
  • May 24, 2010 8:59pm May 24, 2010 8:59pm
yesterdays trade seems promising. just waiting for gbpusd and gbpjpy to take its profit. hopefully it wont reverse.
Attached Image (click to enlarge)
Click to Enlarge Name: yesterday.JPG Size: 152 KB
  • #802
  • May 24, 2010 9:22pm May 24, 2010 9:22pm
You know, if you're trading manually, a smart thing to do is just to close out the trade if you're within a few pips of your target, like on your Gbp/Usd. I don't believe in giving back all your profits just because you just missed your target by a whisker, just a thought. If your trading with an EA, well you're kinda stuck by the logic of the EA unless you watch the trade and close manually.
  • #803
  • May 24, 2010 9:32pm May 24, 2010 9:32pm
Quoting mer071898
You know, if you're trading manually, a smart thing to do is just to close out the trade if you're within a few pips of your target, like on your Gbp/Usd. I don't believe in giving back all your profits just because you just missed your target by a whisker, just a thought. If your trading with an EA, well you're kinda stuck by the logic of the EA unless you watch the trade and close manually.
its ok mer. basically i am running two mt4 with same setup. one where i move half close profit and the other is just a drag and forget system. i am experimenting which would be better in the long run. it seems quite obvious what would be the winner but i just dont mind .

still i thank you for these good strategy.
  • #804
  • May 25, 2010 12:27am May 25, 2010 12:27am
Here are the results for Monday. 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.

Eur/Usd

Trade 1= +79 PIPS

No open trades at this time.

Gbp/Usd

Trade 1= +164 PIPS (+82 X 2)

No open trades at this time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd new.jpg Size: 102 KB
Click to Enlarge Name: gbpusd new.jpg Size: 120 KB
  • #805
  • May 25, 2010 12:30am May 25, 2010 12:30am
Usd/Chf

Trade 1= +702 (+54 x 13)

 No open trades at this time.

Gbp/Chf

Trade 1= -134 pips (-67 x 2)
Trade 2= -335 pips (-67 x 5)
Trade 3= -871 pips (-67 x 13)
No open trades at this time. Next valid entry will use a multiplier of 34.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf new.jpg Size: 115 KB
Click to Enlarge Name: gbpchf new.jpg Size: 120 KB
  • #806
  • May 25, 2010 12:36am May 25, 2010 12:36am
Usd/Jpy

Trade 1= -92 pips (-46 x 2)

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

 Eur/Jpy

Trade 1= +605 pips (+121 x 5)

No open trades at this time.

Gbp/Jpy

Trade 1= Open Trade

One open trade at this time using a multiplier of 13.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy new.jpg Size: 115 KB
Click to Enlarge Name: eurjpy new.jpg Size: 114 KB
Click to Enlarge Name: gbpjpy new.jpg Size: 119 KB
  • #807
  • May 25, 2010 10:30am May 25, 2010 10:30am
Hi all,

Here comes V5.0 version of the EA...

New features: MARTINGALE

!!! CAUTION : this is still EXPERIMENTAL CODE !!!

DO NOT USE THIS CODE IN LIVE ACCOUNTS YET,

it still needs to be debugged and stabilized.

Thanks to Pat1, who coded the Martingale part.

You can setup the Martingale multipliers sequence in the "martingale_sequence" input.
The default sequence is set to "0,1,2,5,13,34,89,233,610,1597,4181".
When the first element in the list is 0, the martingale is DISABLED.
This is the default.

When a trade is a loss, the next multiplier is used for the next trade.
When it is a win, we come back to the first multiplier for the next trade.

When the last multiplier is reached (9 consecutive losses with the default sequence), the multiplier will either remain to the last value (4181 in the default sequence), or come back to the first, depending on "RestartMartSeq" input:
"RestartMartSeq" set to false (default) will keep last multiplier until a win.
Set to true will come back to first multiplier.


- added "ClosePendingWhenUnload" input (default=false): when true, all pending trades will be closed when unloading the EA, or when MT4 platform is closed. OPEN trades are left unchanged.
v4.0 was closing open trades as well...


- fixed (hopefully...) the EA trading outside of trading hours.



@ Pat1: the Martingale code logic still looks suspicious to me...
I haven't gone thru backtesting yet so i don't know what is going to come out of this...
Please backtest and/or forward-test it.


For those of you who had the trading-instead-of-sleeping and/or still-using-yesterdays-levels issues, hit my fingers if it's still still still buggy...
I have added the display of the "current Bar Time" in the status, so we can now compare the "local time", "broker time", and "current bar time", and see why we get these behaviours.


Sq.
Attached File(s)
File Type: mq4 London Breakout EA-V5.0.mq4   47 KB | 846 downloads
  • #808
  • May 25, 2010 11:47am May 25, 2010 11:47am
Thanks Squalou!

I will put it on test asap and let u know if any more bugs arise.

question:
can you explain why OCO needs to be set to true in order to use the martingale progression? Will this prevent the other side of the box trade being taken upon a stopout?

Also,
Do you think in the next version you can add a 'no new trade' time? This time would just allow no new trades to be taken, however would still manage the existing trades until the end session time, which would then close the trades.

Thanks
  • #809
  • May 25, 2010 12:00pm May 25, 2010 12:00pm
Quoting scalpz
guess 1.
It is not enough to change the magic number while the ea is running. Remove the ea and change the magic number as you reload it or even earlier by editing the .mq4 file.

guess 2.
Need different magic number for each pair. But with 400 odd posts, guess you know that & I dont think it is enforced by the code.

guess 3.
You are trying to run it live so edit .mq4 file, then load it. Or save a set file, remove ea, reload ea & use the set file with the settings you want. Really is a bit like guess 1.

cheers scalpz
ye i dont know what s the bug.. i just reloaded...
thnks
  • #810
  • May 25, 2010 1:02pm May 25, 2010 1:02pm
Squalou,

I still get the same error message as with the previous versions:

LB EA: USDCHF Some Indicator SETTINGS are missing;
Please verify objPrefix in the Indicator and the EA;
(objPrefix is currently set to LB- in the EA)

What am I doing wrong?

Thanks so much!
  • #811
  • May 25, 2010 2:19pm May 25, 2010 2:19pm
Quoting xicecube
Squalou,

I still get the same error message as with the previous versions:

LB EA: USDCHF Some Indicator SETTINGS are missing;
Please verify objPrefix in the Indicator and the EA;
(objPrefix is currently set to LB- in the EA)

What am I doing wrong?

Thanks so much!

Hi Icecube

The EA requires the Indicator to have been loaded into the chart once, so that the settings are exported as system GlobalVariables (that you can watch and eventually change with the F3 key).
The EA will import these settings by reading the GlobalVariables set by the Indi.

The error message you are getting reports that it cannot find the required GlobalVariables.
Either you have not loaded the indicator first, or you have changed the "objPrefix" from the Indi, (which is "LB-" by default), and the EA has it set to "LB-" (as it says in the message).

Hit F3 to see if you have a series of "LB-(pairname)-(otherthings)" variables set. (for instance, "LB-EURUSD-EndTime", "LB-EURUSD-EntryFactor", etc)

Sq
  • #812
  • May 25, 2010 4:15pm May 25, 2010 4:15pm
Hello Scoulou,

looks great, after catched the criminal pillock, the Demo System is prepared for the first trades.

Could you please explain some more regarding the OCO, why is it madatory for the martingale and for which trades is it used?

br
Bambo0
  • #813
  • May 25, 2010 11:04pm May 25, 2010 11:04pm
Quoting squalou
Hi Icecube

The EA requires the Indicator to have been loaded into the chart once, so that the settings are exported as system GlobalVariables (that you can watch and eventually change with the F3 key).
The EA will import these settings by reading the GlobalVariables set by the Indi.

The error message you are getting reports that it cannot find the required GlobalVariables.
Either you have not loaded the indicator first, or you have changed the "objPrefix" from the Indi, (which is "LB-" by default), and the EA has it set to "LB-" (as it says...
so the EA dosn't work for back-testing no?
  • #814
  • May 25, 2010 11:47pm May 25, 2010 11:47pm
It does, but there are definitely still some bugs to be worked out.
Backtest in visual mode, and drop the indicator with proper settings on the chart while paused, then let er rip.
  • #815
  • May 26, 2010 12:08am May 26, 2010 12:08am
i see the entry/sl factor play a big rule some time to keeps you from bad trade, (like entry factor of 0.5 for last couple of weeks keeps me out of couple of bad trades) i'm wondering if we can make the EA work with back testing we may find by Optimization some more accurate entry/sl factors per pair ( i mean factor for EU probably different than UJ .. etc) for better result
  • #816
  • May 26, 2010 12:32am May 26, 2010 12:32am
Here are the results for Tuesday. 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.

Eur/Usd

Trade 1= -76 pips
Trade 2= -152 pips (-76 x 2)
No open trades at this time.

Gbp/Usd

Trade 1= -90 pips

One open trade at this time using a multiplier of 2.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd new.jpg Size: 101 KB
Click to Enlarge Name: gbpusd new.jpg Size: 113 KB
  • #817
  • May 26, 2010 12:35am May 26, 2010 12:35am
Usd/Chf

Trade 1= +40 pips
Trade 2= +40 pips
Trade 3= -40 pips
Trade 4= +80 pips (+40 x 2)
No open trades at this time.

Gbp/Chf

Trade 1= -3400 pips (-100 x 34)
No open trades at this time. Next valid entry will use a multiplier of 89.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf new.jpg Size: 117 KB
Click to Enlarge Name: gbpchf new.jpg Size: 118 KB
  • #818
  • May 26, 2010 12:39am May 26, 2010 12:39am
Usd/Jpy

Trade 1= Valid box but no trades were initiated

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

 Eur/Jpy

Trade 1= -157 pips

One open trade at this time using a multiplier of 2.

Gbp/Jpy

Trade 1= +1729 (+133 x 13) from Monday

No open trades at this time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy new.jpg Size: 113 KB
Click to Enlarge Name: eurjpy new.jpg Size: 108 KB
Click to Enlarge Name: gbpjpy new.jpg Size: 116 KB
  • #819
  • Edited 1:59am May 26, 2010 1:56am | Edited 1:59am
Quoting squalou
Hi all,

Here comes V5.0 version of the EA...


Sq.
Sq,

Been wondering why we need an external indi "v9". One of my ea's i have a code as follows:
This bit of code is run as soon as the speciifed start time is reached , for example
If the server time hour is 7 and local time minute is 0 and localtime seconds is less than 15, find the highest and the lowest values based on lookback. As long as the chart period is H1, or less, the code will return the boxsize. Cond_Get_Levelsflag is set to false once the levels are acquired.

the code below is designed for a factor of 0.3. All stop losses are hidden and take profits are hidden exept for emergency StopLoss_Buy and StopLoss_Sell.

int lookback=60*Hours_GoBack/Period();
hh=High[iHighest(NULL,0,MODE_HIGH,lookback,1)];
ll= Low[iLowest(NULL,0,MODE_LOW, lookback,1)];
Print("HH ",hh," LL ",ll);
Cond_GetHiLo=false;
boxsize=(hh-ll)/Point;
Print("HH ",hh," LL ",ll , "boxsize ",boxsize);
if(boxsize<=BoxSize)
{ bs=boxsize*Point;
TradeBox=true;
Entry_Buy =NormalizeDouble(hh+0.3*bs, Digits);
Entry_Sell =NormalizeDouble(ll-0.3*bs, Digits);
StopLoss_Buy =NormalizeDouble(ll , Digits);
StopLoss_Sell =NormalizeDouble(hh , Digits);
TakeProf_Buy =NormalizeDouble(hh+1.3*bs, Digits);
TakeProf_Sell =NormalizeDouble(ll-1.3*bs, Digits);
HalfTakeProfit_Buy =NormalizeDouble(hh+0.8*bs,Digits);
HalfTakeProfit_Sell =NormalizeDouble(ll-0.8*bs,Digits);
Cond_Get_Levels=false;


Another idea that may be worth pusuing is as follow.

 

  1. Open a 3 unit BuyStop and SellStop
  2. OCO is true
  3. Partial Close one unit at half way point.(Current Ea)
  4. Two units at BE.
  5. Partial Close one unit at TakeProf.(Current Ea)
  6. Trail last unit with boxsize or use 10 pip stepped 50 sma as Stoploss or 3ATR.
  7. Apply Martingale factors to individual stages of the trade or the whole trade.

Pat

  • #820
  • May 26, 2010 2:11am May 26, 2010 2:11am
Sq,

Attached is a snapshot of tradeable box with no trades taken. Also attached is the set file. M15 EU open prices only.

Martingale seems to kick in.

For some reason, I could not upload the set file. Not in the list of extensions of "attachable" files. So its in txt format. Could you please implement it if and when you have time. Thanks.

Pat
Attached Image (click to enlarge)
Click to Enlarge Name: v5 does not trade.gif Size: 25 KB
Attached File(s)
File Type: txt v5 does not trade.txt   2 KB | 445 downloads
1 trader viewing now