Just downloaded the new EA. How do I stop the EA from taking a 3rd trade? do I just input 0 on tp3.
- #4,701
- Jun 14, 2010 7:46am Jun 14, 2010 7:46am
- Joined Apr 2009 | Status: Trader | 2,035 Posts
- #4,703
- Jun 14, 2010 7:54am Jun 14, 2010 7:54am
jongdls I am confused! http://cdn.forexfactory.com/images/s...m/confused.gif
What is your reason for posting this strategy report, it bears no...
I am not very experienced trader, but i have tested and loosed real money by so called back test compatible ea's.
I am aware of the SL of this and its risk, but i am only increment my lot size by one unit once it collect twice as SL .
So far, Geoffbs magic works 100% for me .
- #4,706
- Jun 14, 2010 8:05am Jun 14, 2010 8:05am
- Joined Apr 2009 | Status: Trader | 2,035 Posts
geoff...are the files in post 1 completely updated?
thanks
jacob
- #4,707
- Jun 14, 2010 8:06am Jun 14, 2010 8:06am
- Joined Apr 2009 | Status: Trader | 2,035 Posts
Agreed 100%
I am not very experienced trader, but i have tested and loosed real money by so called back test compatible ea's.
I am aware of the SL of this and its risk, but i am only increment my lot size by one unit once it collect twice as SL .
So far, Geoffbs magic works 100% for me .
... but i am only increment my lot size by one unit once it collect twice as SL .
....
Infact I coded it into an autolots() routine where the lot size increments each time the max loss is covered by the ongoing profits x 2 . The lot resets to the minimum if we get a loss. Works well in back testing. Unfortunately the latest version is not released as source so I cant include it.
B Rgds
WR
- #4,712
- Jun 14, 2010 8:38am Jun 14, 2010 8:38am
- Joined Apr 2009 | Status: Trader | 2,035 Posts
hello geoffb65
have been reported multiple versions of files to attach such files from the default front page and then new versions ... including that of jondgls .... you attach the correct version to use? Thanks
Seeing another debate I noticed that theres also a version with the file camvcvoo5.ex4 .. I need to use the installed version of the file for GBPUSD and H1 or not?? Just copy and paste the two files in camvcvoo expert?
Thank you.
The latest EA is Tokyo_GBPUSD_H1_v11 and this replaces the 1 order, 2 order
and 3 order EA's using the .set files in the .zip folder.
Do not use jondgls setup unless you are comfortable with a daily risk of 42%.
- #4,713
- Jun 14, 2010 8:39am Jun 14, 2010 8:39am
- | Commercial User | Joined Jul 2009 | 5,375 Posts
EA is good, I just optimize Tokyo1 Order, surprisingly got more
profit out of it than with Tokyo 2 Order.. From now on I going to watch it
when it takes trade, if goes against me, I will manually open appositive
position for the same lot (hedge), ones reverses, Hedge close and
another manual order placed. And if goes in direction of the trade placed
then none of the above need it..
. Most of the time trade goes against
our positions right from start.
profit out of it than with Tokyo 2 Order.. From now on I going to watch it
when it takes trade, if goes against me, I will manually open appositive
position for the same lot (hedge), ones reverses, Hedge close and
another manual order placed. And if goes in direction of the trade placed
then none of the above need it..
. Most of the time trade goes againstour positions right from start.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
- #4,714
- Jun 14, 2010 8:43am Jun 14, 2010 8:43am
- Joined Apr 2009 | Status: Trader | 2,035 Posts
Yes this is exactly what I am doing as well.
Infact I coded it into an autolots() routine where the lot size increments each time the max loss is covered by the ongoing profits x 2 . The lot resets to the minimum if we get a loss. Works well in back testing. Unfortunately the latest version is not released as source so I cant include it.
B Rgds
WR
I will always consider definite improvements for inclusion in the code.
- #4,717
- Jun 14, 2010 8:59am Jun 14, 2010 8:59am
- Joined Apr 2009 | Status: Trader | 2,035 Posts
Had my first loss of full 120 pips live last night with FXDD..had to happen sometime...
was very "flat", I didn't expect any trade when I saw that!
Only one or two brokers traded last night, most did not because the 197 SMA
was very "flat", I didn't expect any trade when I saw that!
on fxcm uk, v9 traded but tokyo version did not.
two trades, two losses, 260 pips...ouch.
good thing I am still using demo.
will upgrade new version of tokyo today.
-jacob
- #4,719
- Jun 14, 2010 9:06am Jun 14, 2010 9:06am
- Joined Mar 2009 | Status: Just visiting | 12,891 Posts
- #4,720
- Jun 14, 2010 9:11am Jun 14, 2010 9:11am
EA is good, I just optimize Tokyo1 Order, surprisingly got more
profit out of it than with Tokyo 2 Order.. From now on I going to watch it
when it takes trade, if goes against me, I will manually open appositive
position for the same lot (hedge), ones reverses, Hedge close and
another manual order placed. And if goes in direction of the trade placed
then none of the above need it..
our positions right from start .
I do not know if it is better but it might improve the Win/loss ratio..
The EA opens 1 order. other Two will be pending orders 35 and 70pips away from the first entry. SLs and TPs of pending orders are on the same level according to original MM rules.
Example:
1.order opened @4580 with 140 pips SL and 23TP
2.Pending order@4545 with 105 pips SL and 85TP (35+50)
3.Pending order@4510 with 70 pips SL and 150TP (70+80)
TSL after first TP as per original rules..
If price goes our direction, we gain only 23 pips (only one order is filled)
If price retrace and then goes our direction we gain the same as with 2 or 3 order EA +35 resp.70 pips more..
If price hits SL there will be always 3 order loss with 315 pips instead of 280 (2 orderEA) or 420 (3 order EA)..
-----------------------------------------
I had not look at my current Live Trades, cos I am really busy now, so i do not know if this MM is better or worse.. Just a suggestion...
Cheers K.