in coding not, but in your broker yes after he will see this 6-orders pips' thresher
Geoff's Manual and Semi Automatic Trading Setup
..............., you have only 2 possible scenarios in Pending orders mode :
-- if Manual mode chosen, you can press Yes to place trades or No to reject it (and ea will ignore current signal and will wait until next signal change)
-- if Manual mode not chosen,you simply have no other optionbecause for ea this choice means you are agree to place orders anytime when a new signal will come
so if you want to take more control, do that as gerry does - PlaceMarkerOrders = false and ManualMode = true
. But I will eventualy go live on GU unless tests on others pair prove to be good.Great work
- #423
- Jul 30, 2010 11:09am Jul 30, 2010 11:09am
- | Commercial User | Joined Jul 2009 | 5,375 Posts
well lets see here :
take three cases in july where ea took losses:
-- first :
so you think if those orders would be BUY LIMIT ea will get a win?
because, As I said, if you place Limited Buy orders 40 pip below Trigger price
I want you to calculate stop loss from the Triggered price, in that case
you will lose 100 pips instead of 140 and multiply that by 3 for example
(you save 120 pips) and now when your Limited Buy orders get triggered
you might go for Original TP pips + 40.
So, for example instead of 22-24-26 now you can possibly get
tp at 60-64-66 how about that ?
Now you got 100 SL and 65 TP!! ( In that example)
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- #425
- Jul 30, 2010 11:16am Jul 30, 2010 11:16am
NO what I think is, RISK:REWARD will be much better..
because, As I said, if you place Limited Buy orders 40 pip below Trigger price
I want you to calculate stop loss from the Triggered price, in that case
you will lose 100 pips instead of 140 and multiply that by 3 for example
(you save 120 pips) and now when your Limited Buy get triggered
you might go for Original TP pips + 40.
So, for example instead of 22-24-26 now you can possibly get
tp at 60-64-66 how about that ?
Now you got 100 SL and 65 TP!! ( In that example)
of course i understand all this, but what if buy limit order will not activated? or if market drops down very fast? in case of BUY STOP ea will wait until trailing down will reach -100 pips and just delete it, but in case of limit order still take a negative
- #426
- Jul 30, 2010 11:16am Jul 30, 2010 11:16am
- | Commercial User | Joined Jul 2009 | 5,375 Posts
i got this message too when tried to test during last 2 days, but it comes with many "TestGenerator: unmatched data errors", you have the same?
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- #428
- Edited 11:39am Jul 30, 2010 11:21am | Edited 11:39am
- | Commercial User | Joined Jul 2009 | 5,375 Posts
of course i understand all this, but what if buy limit order will not activated? or if market drops down very fast? in case of BUY STOP ea will wait until trailing down will reach -100 pips and just delete it, but in case of limit order still take the negative
Or Limited Buys, not both of them at the same time.
#2 I'm thinking if after trigger, price going to go up, you might want to
trail Buy Limit Orders and STOP LOSS up as well. (AS we do Buy Stops now)
#3 Yes, we might have little bit less trades, but remember we already trading 24/7 instead of just 23 GMT few times a week..
40 pips maybe too big I just used as example.. Perhaps 30 can be use
Everyone should set their own value..
CHECK M15 TODAY Cable ACTION Look That Drop and then Shoot up
100+ pips..
Anyways, Buy lower always better than higher
"but in case of limit order still take a negative"
Geo original EA traders taking Negative almost in 80% cases and price almost always rebounds based on that
fractals theory.. We just want to grab those Buys lower and use those GAP down pips for PROFIT.
P.S.S
Problem with CABLE is volatility especially during NY Market hours.. It's much quiet at 23 GMT..
That's why Hard to use BUY STOP with such crazy swings.. I better buy it lower 40 pips then get triggered higher..
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- #431
- Jul 30, 2010 11:51am Jul 30, 2010 11:51am
- | Commercial User | Joined Jul 2009 | 5,375 Posts
ok, i fixed my error 1 which was always came up after buy stop orders became buy, but you, sky, have it on buy stop orders as well ...
what the broker do you test on?
P.S
Buy Stop also good, the only thing that killing this is high Cable Volatility..
Those Pops and Drops. I'm sure it would work perfectly after 23 GMT.
While During NY session, BUY LIMIT should work much better.
Now STOP buys just triggered, trailing down real good
And I don't have Modify Errors in Real Account, so far, who cares about backtesting..
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- #435
- Jul 30, 2010 12:05pm Jul 30, 2010 12:05pm
- | Commercial User | Joined Jul 2009 | 5,375 Posts
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- #437
- Jul 30, 2010 12:11pm Jul 30, 2010 12:11pm
- | Commercial User | Joined Jul 2009 | 5,375 Posts
ok, here is my last fixed version, try it and get back with results
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