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Simple H1 GBPUSD EA

  • #3,761
  • Jun 1, 2010 10:59am Jun 1, 2010 10:59am
Quoting danielharper
I use interbank fx, and my live account traded, between camvcoo and simple gbpusd, we did quite well, despite the huge DD!!!

For some reason I have yet to figure out, my demo account did not trade...
  • #3,762
  • Jun 1, 2010 11:03am Jun 1, 2010 11:03am
Paulus
you said;

On a $500 account and risking 3% = $15 risk on the 1st trade which in theory is 1 micro account..$0.10c x 140 pip stop loss is $14.

Just checking If I have 1500 in the acct. 3% is 45.00 risk
on a micro lot .1 I'd place a .33 lots with the 140 SL $46.20
is this correct
  • #3,763
  • Jun 1, 2010 11:40am Jun 1, 2010 11:40am
Quoting jiva34
I noticed conditions were right for a trade but no trade had been triggered, so I reattached eav8. And the trade triggered right away.
????
Jiva, would you explain what you mean by "reattached eav8"? Did you have another version running and replaced it with v8?
  • #3,764
  • Jun 1, 2010 11:47am Jun 1, 2010 11:47am
Quoting dryclean
Paulus
you said;

On a $500 account and risking 3% = $15 risk on the 1st trade which in theory is 1 micro account..$0.10c x 140 pip stop loss is $14.

Just checking If I have 1500 in the acct. 3% is 45.00 risk
on a micro lot .1 I'd place a .33 lots with the 140 SL $46.20
is this correct

Yes you got it $1500 x 3% = $45

140pip stop loss

1micro at 10c per pip on 140 pips = $14 loss

45 / 14 = 3.2 so 3 micro lots would be traded giving 3 x $14 loss = $42

Within your 3% and $45 limit

P
  • #3,765
  • Jun 1, 2010 11:54am Jun 1, 2010 11:54am
Quoting jiva34
no
but I believe you can open a new chart and set up a 2nd ea on it for the same pair within the same account.
Could be confusing for trade executions though for mt4.
you can trade as many EAs as you like on the same currency pair as long as they have different magic numbers. The problem comes with global equity closure routines that are non-magic-specific.
TRADE FOR SWAP
  • #3,766
  • Jun 1, 2010 11:56am Jun 1, 2010 11:56am
Quoting cgldsmth
you can trade as many EAs as you like on the same currency pair as long as they have different magic numbers. The problem comes with global equity closure routines that are non-magic-specific.
BTW I see this thread and EA is doing very nicely. Glad the suggestion of the slower MA filter (197) has made a positive impact.
TRADE FOR SWAP
  • #3,767
  • Jun 1, 2010 12:06pm Jun 1, 2010 12:06pm
Quoting cgldsmth
BTW I see this thread and EA is doing very nicely. Glad the suggestion of the slower MA filter (197) has made a positive impact.
It made the EA what it is today, many thanks!
  • #3,768
  • Jun 1, 2010 12:08pm Jun 1, 2010 12:08pm
Quoting cgldsmth
you can trade as many EAs as you like on the same currency pair as long as they have different magic numbers. The problem comes with global equity closure routines that are non-magic-specific.
So you could run another EA that controls money management set to 3% of present account balance for example..or would it have to be bolted onto the EA your using to initiate your trade ?

P
  • #3,769
  • Jun 1, 2010 12:22pm Jun 1, 2010 12:22pm
Hi Geoff,

Can i just double check, are we using the default setting on v8?

Thanks
  • #3,770
  • Jun 1, 2010 12:47pm Jun 1, 2010 12:47pm
Quoting indy360
Hi Geoff,

Can i just double check, are we using the default setting on v8?

Thanks
I am using the defaults on my own accounts.
  • #3,771
  • Jun 1, 2010 12:51pm Jun 1, 2010 12:51pm
Quoting Paulus
So you could run another EA that controls money management set to 3% of present account balance for example..or would it have to be bolted onto the EA your using to initiate your trade ?

P
Money management is built into the EA already.

In the settings change UseMoneyMgmt to true, select Med_Risk to true and
Manual_Lot_Size to false.

This will set the risk to 3% of equity!
  • #3,772
  • Jun 1, 2010 12:55pm Jun 1, 2010 12:55pm
ah great nice one well done Geoff

didnt look properly ...

P
  • #3,773
  • Jun 1, 2010 1:02pm Jun 1, 2010 1:02pm
Quoting geoffb65
I am using the defaults on my own accounts.
Great, thanks Geoff
  • #3,774
  • Jun 1, 2010 1:54pm Jun 1, 2010 1:54pm
Quoting mary4x
Jiva, would you explain what you mean by "reattached eav8"? Did you have another version running and replaced it with v8?
no. I opened navigator clicked eav8 to attach to chart. activated live trading. just like I had a few hours earlier. Just did it fresh.
Actually I had eav8 running in 3 different demos too and the same thing happened there. I reattached the ea and the trade appeared right away. Maybe just coincidence and that the trade was going to be placed anyway...
????
  • #3,775
  • Jun 1, 2010 2:22pm Jun 1, 2010 2:22pm
Geoff

Maybe this has been asked before but Why don't you open 1 position double the lot size and close 1/2 at first TP and let the other 1/2 run to 2nd TP as opposed to how it is done now You'd save on the spread for one position
Thanks in advance
  • #3,776
  • Jun 1, 2010 2:40pm Jun 1, 2010 2:40pm
Quoting dryclean
Geoff

Maybe this has been asked before but Why don't you open 1 position double the lot size and close 1/2 at first TP and let the other 1/2 run to 2nd TP as opposed to how it is done now You'd save on the spread for one position
Thanks in advance
Think about it just a little bit more!
I just believe in... Peace and good Karma!
  • #3,777
  • Jun 1, 2010 2:48pm Jun 1, 2010 2:48pm
Quoting jiva34
no. I opened navigator clicked eav8 to attach to chart. activated live trading. just like I had a few hours earlier. Just did it fresh.
Actually I had eav8 running in 3 different demos too and the same thing happened there. I reattached the ea and the trade appeared right away. Maybe just coincidence and that the trade was going to be placed anyway...
????
If the demo accounts are on the same platform you need to make sure
that each one has a different magic number, otherwise they will interact!
  • #3,778
  • Jun 1, 2010 2:52pm Jun 1, 2010 2:52pm
Quoting jalp
Think about it just a little bit more!
This is from post 1

I prefer to place 2 orders with half the lot size, first order to close at +22
when TP1 is reached move the second order SL to BE and let it run.
The SL is large at 140 per order but anything less gives more losing trades.

Unless I'm a dafter which is possilbe What I'm asking is close to what he is doing
  • #3,779
  • Edited 3:15pm Jun 1, 2010 3:01pm | Edited 3:15pm
Guys anyone can help?.. I got EA managing a trade SL TP, Trailing stop,

Trailing step.. and so on.. The only 2 problems

#1) on 5 digit account Zero (0) should be added to each number in settings

#2) it's modifying every trade open on the account..

( I activate it on my account and sucker closed all my trades in profit

all of them in few seconds)

And it needs to be managing only trades from CURRENT CHART

(perhaps Magic Number needs to be added?)

Anyone could modify that? This would be great addition to trade

GEO EA manually, picking up much cleaner entries..

Like today, if BUY initiated and Cable is above Resistance 3, nearly 200 pips away

From the pivot.. Are you ready to go Long there?

Thanks..

P.S This is just a TOOL EA to work (in addition) with GEO's EA's, for those who'd like to get

much cleaner entries manually..
Attached File(s)
File Type: mq4 HIDDEN TP_TS_SL_EA_Fv.mq4   5 KB | 346 downloads
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #3,780
  • Jun 1, 2010 3:03pm Jun 1, 2010 3:03pm
Quoting dryclean
Geoff

Maybe this has been asked before but Why don't you open 1 position double the lot size and close 1/2 at first TP and let the other 1/2 run to 2nd TP as opposed to how it is done now You'd save on the spread for one position
Thanks in advance
I don't know of any way to "partially" close lots.

Some brokers do this for manual lots but I don't know how an EA would do it!
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