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Attachments: Geoff's Manual and Semi Automatic Trading Setup
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Geoff's Manual and Semi Automatic Trading Setup

  • #41
  • Jul 21, 2010 9:20am Jul 21, 2010 9:20am
I like the sell and buy stop orders. Gives me the time to verify the market direction.
  • #42
  • Jul 21, 2010 9:36am Jul 21, 2010 9:36am
Quoting gerry berard
I like the sell and buy stop orders. Gives me the time to verify the market direction.
gerry, you trade cable only?
  • #43
  • Jul 21, 2010 9:38am Jul 21, 2010 9:38am
Quoting dryclean
have the ea do market orders
aha, will do that in next ver very soon
  • #44
  • Jul 21, 2010 9:44am Jul 21, 2010 9:44am
Mostly Cable. I find I can make enough money trading this pair. I do have a long term trade on the USD/JPY waiting for it to go long.
  • #45
  • Jul 21, 2010 10:31am Jul 21, 2010 10:31am
Quoting tinorio
hi sasha...
i've been lurking on geoff thread from V1.0 till now, and made some post there.
i'm glad you made your own thread base on geoff manual.
but i have a problem with the script, the script doesn't open any pending order,
i've try both "BUY STOP" and "SELL STOP", but both script are doing nothing.
there is a message on the journal that tell "2010.07.21 07:33:53 Script PLACE BUYSTOP GBPUSD,H1: removed"
i've no idea about that, can you help me solve this problem

regard

tinorio
tinorio, i think i know what the problem is ... your broker does not allow to place market orders with take profit and stop loss fields filled, in other words, you can just place a "clean" market order, with empty tp and sl and modify that later. IBFX just recently turned the same. is this the same how ECN brokers do? so do i have to add a TypeECN option to the EA to be able to process that?
  • #46
  • Jul 21, 2010 12:38pm Jul 21, 2010 12:38pm
SASHA. Mine is working correctly and my broker is IBFX. No problems placing orders.
  • #47
  • Jul 21, 2010 12:42pm Jul 21, 2010 12:42pm
Quoting gerry berard
SASHA. Mine is working correctly and my broker is IBFX. No problems placing orders.
no, no, i was talking about market orders with take profit and stop loss - you cannot open it at one time, you have to open an "empty" market order first and later modify its take profit and stop loss fields, as they told me, but for pending orders its as usual
  • #48
  • Jul 21, 2010 1:33pm Jul 21, 2010 1:33pm
Quoting gerry berard
SASHA. Mine is working correctly and my broker is IBFX. No problems placing orders.

I don't see any trades today, since morning nothing

has been triggered. Will run it for a while on IBFX mini

and see how it goes, before do anything serious..
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  • #49
  • Jul 21, 2010 2:15pm Jul 21, 2010 2:15pm
Quoting sashasan
tinorio, i think i know what the problem is ... your broker does not allow to place market orders with take profit and stop loss fields filled, in other words, you can just place a "clean" market order, with empty tp and sl and modify that later. IBFX just recently turned the same. is this the same how ECN brokers do? so do i have to add a TypeECN option to the EA to be able to process that?
Sasha,

That is correct, with ECN brokers you can not place market orders with tp and sl set.
  • #50
  • Jul 21, 2010 2:18pm Jul 21, 2010 2:18pm
Hi Sashan,
Thanks for starting the new thread. I was not aware of this thread and have been a follower of Geoff's thread since version 1.

I got bitten by this yesterday night (Australian time) and lost -140 PIPS. My first trade using this . But i know this works very well. hope to make up the loss....

Regards
Velli
  • #51
  • Jul 21, 2010 2:20pm Jul 21, 2010 2:20pm
Quoting gerry berard
Most of wins have been with the manual system. I have been using this since day 1. Also some trades with my own system which you now have.
Hi Gerry
Which is your system? Is there any thread about this?
Can I have it

Regards
Velli
  • #52
  • Jul 21, 2010 2:36pm Jul 21, 2010 2:36pm
Hello SASHASAN

I simply wanted to say that I have been trying your EA on GBP/CAD
I have had great results. However, I have been "babysitting" the EA.

The trading has been on a "full-time" basis rather than just the Tokyo
open. After this very short test it is my very humble opinion that
market orders should NOT be allowed for the EA without further
modification.

For example, the last prompt I had was to open a sell stop, which I declined. The correct call would to have been opening a buy stop. This is really
irrelevant.

But, what is relevant is that an EA should be able to have a proper R:R
ratio to survive in the long term (IMHO). This is a fact in manual trading and
and I don't see why people think it should be different with an EA.

If it is otherwise then they are counting on "luck" to be with them. (good luck). Accordingly, that is the "fatal flaw" in this EA. It will take small profits
on a regular basis but will also take rather large losses.

In summary; babysit it or don't use it.

Kindest Regards,

peace, out

TR
  • #53
  • Jul 21, 2010 3:42pm Jul 21, 2010 3:42pm
Velli. Send me a PM.
  • #54
  • Edited 1:08am Jul 22, 2010 12:58am | Edited 1:08am
Hi all,

First of all, I'd like to thank sashasan for this thread and EA. Normally, I don't believe in EAs. I came across to this thread last night and added the files just for fun to a demo account, then, activated the EA at the beginning of Frankfurt open. Well, it's been around 1 hour and the EA did 8 trades, 7 of which all ended up in profit, and one is floating in profit at the moment.

Just a bit info about the way I use this EA: I attached it to 16 pairs, set TP to +10 pips and 1 trade per pair. The rest of the settings are at default values.

The result seems to be quite impressive. Let's see what will happen until London close...

Edit: 8th trade also closed in +10 profit, which made +80 pips for today...
Attached Image (click to enlarge)
Click to Enlarge Name: demo.jpg Size: 162 KB
  • #55
  • Jul 22, 2010 1:47am Jul 22, 2010 1:47am
Ok seems to be safe and efficient, but the correlation between differents pairs risks to do "all good" or "all bad", dont you think?


Quoting isengoz
Hi all,

First of all, I'd like to thank sashasan for this thread and EA. Normally, I don't believe in EAs. I came across to this thread last night and added the files just for fun to a demo account, then, activated the EA at the beginning of Frankfurt open. Well, it's been around 1 hour and the EA did 8 trades, 7 of which all ended up in profit, and one is floating in profit at the moment.

Just a bit info about the way I use this EA: I attached it to 16 pairs, set TP to +10 pips and 1 trade per pair. The rest of the settings are at default values....
  • #56
  • Jul 22, 2010 5:42am Jul 22, 2010 5:42am
Sasha, I just place a buy Stops and I don't see them moving down

alone with price, should orders supposed to be trailing down?

I mean if Price moving down currently, BUY STOPS should be trailed

down (modified by EA) alone with the price, I'm correct on this one? Cause I don't see

any movement.. Ohh and STOP LOSS must be modifying as well (Trailing)

Whole structure of Orders + Stop loss must move (in case of BUY) down if price start dropping,

That's how I see it..

P.S

Cable dropping but orders not moving, definitely..

What's "PendingOrderStep" doing? I'll try to set it to 1 so it's trail every pip.
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  • #57
  • Jul 22, 2010 5:53am Jul 22, 2010 5:53am
Quoting isengoz
Just a bit info about the way I use this EA: I attached it to 16 pairs, set TP to +10 pips and 1 trade per pair. The rest of the settings are at default values.
Dude, if you gonna have 140 pips SL and 10 pips T. profit you can click

anywhere on the chart and more likely you going to win, and if

you will set SL to 1000 pips , then you going to win 99.9% without

any system that called Risk:Reward ratio.
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  • #58
  • Jul 22, 2010 6:23am Jul 22, 2010 6:23am
Aslo, Sasha, I comeback in the morning and got message box

"you want to place Buy Stop blahh blahh", since my MT4 is

minimized, I cannot see the screen (open message box won't let me click on MT4)

and therefore cannot place the

order without look over first.. I click NO, message box pumped up again

and again, so I was not able to click on MT4 and was forced to Click

YES .. It's on the penny live so, I don't care, but with real money

that could hurt, need to make sure, when NO is clicked no more Asking.

(No more pop-ups for that particular setup)
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  • #59
  • Jul 22, 2010 6:25am Jul 22, 2010 6:25am
SKY. When I click no I don't get the box again. So far I have clicked no 2 times.
  • #60
  • Jul 22, 2010 6:29am Jul 22, 2010 6:29am
Quoting SkyzerFX
Aslo, Sasha, I comeback in the morning and got message box

"you want to place Buy Stop blahh blahh", since my MT4 is

minimized, I cannot see the screen (open message box won't let me click on MT4)

and therefore cannot place the

order without look over first.. I click NO, message box pumped up again

and again, so I was not able to click on MT4 and was forced to Click

YES .....
Hi Sashan,
I am also having the same problem...
until you hit the yes it keeps popping up and not letting you open the MT4 screen.

Velli
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