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  • #1,861
  • Jun 11, 2010 8:41pm Jun 11, 2010 8:41pm
Quoting Star178
Thanks City, for your 1 for 2 EA's.
Yep, thanks City. This EA worked great today. It even cleaned up after itself nicely after taking profit -- i.e., I didn't have to go into the "Objects List" and delete extraneous objects after the trades ended.

Many thanks!
  • #1,862
  • Edited Jun 12, 2010 4:52pm Jun 11, 2010 9:03pm | Edited Jun 12, 2010 4:52pm
Quoting stratman
you can open an account with as little as $1000 USD. Just saying that the commission system is better for people with more than $50K equity
Stratman, I support your endeavor to go with Dukas. They are definitely one of the leaders of the pack when it comes to retail Forex, and I think you can definitely trust them (which I sense is what you are after now). The reason I myself have not opened an account with them though is the commission--a $5000 USD deposit carries a $4.80 commission per trade on a standard lot of $100,000. That's almost 5 pips, on top of the spread, which is a little pricey I think. Of course, if you have more than $5000 to deposit, then the per-trade commission reduces incrementally.

Then again, I could be wrong on this. Their commission structure is a bit complicated to decipher. On the other hand, I think you can trust them, and that might be worth paying a little extra for the peace of mind.

At any rate, I will be interested to know what you think of them, especially regarding their JForex platform, so please keep us posted!

EDIT: Sorry about my math. A $4.80 commission is less than 1/2 a pip on a standard lot. Actually seems fair now that I am thinking about it clearly. Sorry!
  • #1,863
  • Jun 12, 2010 12:55am Jun 12, 2010 12:55am
luktom visual order editor




Description

luktom visual order editor gives you the ability to manage your orders in the most natural way - by moving their SL, TP and open to desired level.
After adding EA to the chart EA creates horizontal lines. Moving these lines allow to very easy modification of orders - you just have to select e.g. line of stop loss and move it with a mouse to desired level - quickly, intuitively and visually.
Next interesting functionality is break even line - when you set it and the price break it your order will by secured - stop loss of the order will be moved to order’s open price. You can activate break even functionality by setting parameter use_be to true and by specifying default break even level (default_be_level parameter).
Another interesting addin is the line I named “cancel level”. After setting it, when price break it, pending order will be canceled.
License

Creative Commons BY-SA
Configuration

 

  1. ol_sell_color - color of sell orders lines
  2. ol_buy_color - color of buy orders
  3. cl_color - color of cancel levels lines
  4. be_color - color of break even lines
  5. sl_color - color of stop loss lines
  6. tp_color - color of take profit lines
  7. use_be - is break even functionality enabled
  8. default_be_level - default break even level (number of pips)
  9. be_offset - offset of break even level (sets stop loss to open price + be_offset level)
  10. use_cl - is cancel level functionality enabled
  11. default_cl_level - default cancel level (in pips)
  12. use_timer - if true, EA uses asynchronous mode, so no ticks are required to take an action
  13. delete_on_deinit - deletes all lines on EA deletion or on change of chart’s TF
  14. cp_color - color of close part lines
  15. cp_style - style of close part lines
  16. cp_level - when profit pips will be more than cp_level EA will close part of the order
  17. cp_closedlevel - after closing part of the position, EA moves cp line to the distance specified in this parameter, counted from current price
  18. cp_lots - number of lots to close after reaching cp_level
  19. default_sl_level - default stop loss level (in pips)
  20. default_tp_level - default take profit level (in pips)
  21. default_trailing_stop - default trailing stop level (in pips)

Comments

 

  1. EA can run in synchronous and asynchronous mode. You can select asynchronous mode by setting use_timer to true. When EA works in asynchronous mode, it checks every second if you moved any line. In case use_times is set to false, EA performs checking on every incoming tick. When EA runs in asynchonous mode it is not possible to edit settings - instead of changing settings, you have to detach EA from chart and add it again.
  2. I do not recommend run two instances of EA on the same symbol - it causes conflicts.

  • #1,864
  • Jun 12, 2010 3:31am Jun 12, 2010 3:31am
Quoting Buildcity
Hi,

I've an EA, which can serve the purpose of both "SL & TP Manager" and "SL-TP move by mouse". For sharing. Of course, change the setting like 5 or 6 digits perference is necessary.

Hope Rob doesnt mind I interup his thread.

Happy trading
City
Is it also possible to set buy stop and sell stop orders with that EA??
Everyday 1K keeps the doctor away ;-)...
  • #1,865
  • Edited 4:47am Jun 12, 2010 4:26am | Edited 4:47am
Quoting Bax80
Is it also possible to set buy stop and sell stop orders with that EA??
Sorry mate,

I have not used pending order so far with this EA, but I think it has no such function.

May be you should take a look on the settings.

Edit: BTW, I trust you can set a pending order from the usual way of MT4, then this EA should auto place the sl & tp once your pending order is hit.

Cheer
City
  • #1,866
  • Jun 12, 2010 11:52am Jun 12, 2010 11:52am
Spent most of Friday's session trading the E/U and the A/U, completely missed an excellent short on this pair.
Several excellent opportunities to exit and enter as indicated...
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Jun. 12 12.42.gif Size: 23 KB
  • #1,867
  • Jun 12, 2010 12:43pm Jun 12, 2010 12:43pm
Quoting deano1292
Spent most of Friday's session trading the E/U and the A/U, completely missed an excellent short on this pair.
Several excellent opportunities to exit and enter as indicated...
Hi Deano,

May I know what's the MA lines? a 10 50 combination? SMA or EMA?

Cheers
City
  • #1,868
  • Jun 13, 2010 1:40am Jun 13, 2010 1:40am
Glad you got it sorted in the end.

Yes with dukas, you're best to add 0.5-1.0 pip for commission costs. This works out pretty good because the spreads are very tight eg 2 pips or less on GU during high liquidity.

Level II information is very useful as well ie you can see the areas where liquidity increases sharply ... support and resistance areas.

Still no response from oanda. My thoughts are that oanda are ok as long as everything is going alright (tight spreads, no requotes etc) but if you strike a problem, don't expect a great level of support.

Quoting Bodhistu
Stratman, I support your endeavor to go with Dukas. They are definitely one of the leaders of the pack when it comes to retail Forex, and I think you can definitely trust them (which I sense is what you are after now). The reason I myself have not opened an account with them though is the commission--a $5000 USD deposit carries a $4.80 commission per trade on a standard lot of $100,000....
  • #1,869
  • Jun 13, 2010 2:13am Jun 13, 2010 2:13am
I've recently started using Oneclicker to place/manage my trades. I have found it to be very useful. It is free.

Works differently to other EA's or scripts that I've tried. It does everything that I need it to. Maybe some of you may find it useful.

http://www.forexfactory.com/showthread.php?t=237102
http://www.toolsfortradingtheforex.com/download.html

________
John
  • #1,870
  • Edited 3:29am Jun 13, 2010 3:12am | Edited 3:29am
Quoting stratman
Glad you got it sorted in the end.

Yes with dukas, you're best to add 0.5-1.0 pip for commission costs. This works out pretty good because the spreads are very tight eg 2 pips or less on GU during high liquidity.

Level II information is very useful as well ie you can see the areas where liquidity increases sharply ... support and resistance areas.

Still no response from oanda. My thoughts are that oanda are ok as long as everything is going alright (tight spreads, no requotes etc) but if you strike a problem, don't expect a great level of...
Hi Rob,

Would like to know what's your feel on comparing of Dukas and MTB, not to say which one is better, but to say why Dukas is your preference. Seems both offer the similar stuff

Edit: Coz I'm looking for an ECN too and both MTB & Dukas are on my list, so your opinion would be great.

Cheers
City
  • #1,871
  • Jun 13, 2010 3:52am Jun 13, 2010 3:52am
Around the time I released the first dashboard version I was invited into a skype trading room that has around 20 traders. They invited me because some were using my software. These guys have a lot of experience and I have learnt a lot from them.

A number of them have been beta testing a new forex trading console that improves the capabilities of placing and managing trades via metatrader. This is a commercial product to be offered by Metatrader brokers to their customers.

You can check out info about the console here: www.myfx.com.au

A large broker will be offering this console to their customers this week. You can be one of the first to see it.

If you want to try it out ... use this link:

www.myfx.com.au/trials (type stratman into the Trial Code)


Note: I don't trade a metatrader account so I'm waiting for this to be developed for the likes of dukascopy etc. I realise many of you prefer free mt4 indicators, ea's etc but sometimes a commercial product catches my interest .. this is one of them. It follows the same principles I promote ie it's a tool ... not some marketing hyped get rich quick robot etc.
  • #1,872
  • Jun 13, 2010 4:06am Jun 13, 2010 4:06am
Quoting live2trade_2
I've recently started using Oneclicker to place/manage my trades. I have found it to be very useful. It is free.

Works differently to other EA's or scripts that I've tried. It does everything that I need it to. Maybe some of you may find it useful.

http://www.forexfactory.com/showthread.php?t=237102
http://www.toolsfortradingtheforex.com/download.html

________
John
Looks good, is it also possible to have a buy stop or sell stop line on the chart which you can move like the SL and TP lines?? And then when the buy stop gets triggered it should show immediately the TP and SL lines. Can this EA do that??
Everyday 1K keeps the doctor away ;-)...
  • #1,873
  • Jun 13, 2010 6:52am Jun 13, 2010 6:52am
Quoting Bax80
Looks good, is it also possible to have a buy stop or sell stop line on the chart which you can move like the SL and TP lines?? And then when the buy stop gets triggered it should show immediately the TP and SL lines. Can this EA do that??
Bax80

One Clicker is for instant orders only and the SL and TP can't be changed from within the software once the trade is placed.

It suits me because I have a set TP level that I use. If I feel that a particular swing has more in it I'll just keep adding trades until it is exhausted but that rarely happens.

The developer is keen for feedback on his program and you could suggest any changes you would like. He just might implement them.

______
John
  • #1,874
  • Jun 13, 2010 11:17am Jun 13, 2010 11:17am
Quoting stratman
Glad you got it sorted in the end.

Yes with dukas, you're best to add 0.5-1.0 pip for commission costs. This works out pretty good because the spreads are very tight eg 2 pips or less on GU during high liquidity.
Stratman (and interested others),

Not sure if you've signed up with Dukascopy or not, but I thought I would share the following: If you enlist with Dukascopy using Molecule6.com as an introducing agent, you apparently get a 45% rebate on all commissions every month. I.e, if you pay Dukas $100 in commissions in any given month, Molecule6 will give you back $45 at the end of the month, deposited directly into your trading account. It seems you also get an added layer of customer support from Molecule6 via phone, Skype, email, etc.

Just to be clear, I have no affiliation with them at all, but from what I have read, they are legit. Just thought I would share.
  • #1,875
  • Jun 14, 2010 5:44am Jun 14, 2010 5:44am
I have heard good things about MB as well. I leant more toward dukas as most of the guys in the trading room I got invited to use it.

I haven't checked out Molecule6 .. too late now anyways as I have sent all my docs off to dukas by international courier today
  • #1,876
  • Jun 14, 2010 8:03am Jun 14, 2010 8:03am
On the console, yes they do have pending orders and the ability to set the SL and TP from the Pending order, and also set trade management. This program has allowed me to manage several trades and watch them all at once.

Attached Image


I'm not an affiliate with the company, just been using the product for a little while now
  • #1,877
  • Jun 14, 2010 3:34pm Jun 14, 2010 3:34pm
Oanda have finally responded (took 7 days) and admitted that my "impossible sequence of events" was caused by a bug in fxtrade and that their technical team has now fixed it

When I think about this bug, it is very dangerous for traders as it occurred in a way that you get stopped out by a stop-loss that you set ie very hard to prove any fault on oanda's part

The reason this kind of issue is hard to prove is the way oanda bar history works. On the fxtrade platform you can't go back very far on the 5 sec chart. I had to very quickly take all the screen shots I needed before the history would be unavailable

Personally, I feel that I have made the right decision to move on but I am concerned about the number of people that will have unknowingly lost money by this 'bug'.

btw, Oanda refunded the amount I was stopped out
  • #1,878
  • Jun 14, 2010 5:58pm Jun 14, 2010 5:58pm
Very smart to take the screen shot, glad to here you recovered your pips.
fishman356
  • #1,879
  • Jun 15, 2010 8:53pm Jun 15, 2010 8:53pm
Can someone please help me understand this? Fractals are all about higher highs and lower lows, I was wondering why on some candles like in this picture, I get an both arrows on the same candle. Maybe I'm over looking something and look like a fool posting this. But I get these every so often and can't figure out why. Thanks in advance!

John
Attached Image (click to enlarge)
Click to Enlarge Name: fractal arrows.gif Size: 18 KB
  • #1,880
  • Jun 16, 2010 8:39am Jun 16, 2010 8:39am
Quoting fxstman
Can someone please help me understand this? Fractals are all about higher highs and lower lows, I was wondering why on some candles like in this picture, I get an both arrows on the same candle.
John, the red and green arrows are not fractals--they represent breaks of fractals. The red arrow indicates a break below the previous fractal low, and the green arrow indicates a break of the previous fractal high. The fact that they happen on the same bar just indicates that the price action was volatile enough to take out both the previous fractal high and low within that time period.

This is all explained better in Stratman's dashboard manual in "Appendix 3 Fractals". To visualize what is happening more clearly, you might want to include the Fractal indicator on your charts, which is standard in MT4 under "Bill Williams".

Hope that helps.
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