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Geoff's Manual and Semi Automatic Trading Setup

  • #441
  • Jul 30, 2010 12:54pm Jul 30, 2010 12:54pm
Quoting DocJordan
Had that SELL on USDCAD also...

What I noticed is that eh target for #1 was hitted, but the order was not closed...

Shouldn´t I have only 2 open orders?
with spread of 5 pips?

check mark Show Ask Line in Properties and will see
  • #442
  • Jul 30, 2010 12:57pm Jul 30, 2010 12:57pm
Quoting sashasan
with spread of 5 pips?
OPS...

Different broker... the other one was 2 pips only...

Better sleep a little before making any other comment...
  • #443
  • Jul 30, 2010 2:59pm Jul 30, 2010 2:59pm
Quoting Offshore
TP1 hit
TP2 Trailing stop hit (for profit I must add)
TP3 still going

Nice system so far

TP3 trailing SL hit ( in profit )

New orders placed at 1.56222 HUH

And this is with a ranging pair
Well guys just woke up in NZ and all three trades hit TP

Very IMpressed

Interesting that as I said before with the way the pair was looking yesterday (sort of ranging) I would not normally looked to trade it

Thanks once again guys great work

I do Good I feel GoodI do Bad I feel Bad
  • #444
  • Edited 3:56pm Jul 30, 2010 3:01pm | Edited 3:56pm
Just had three more trades triggered at 1.56844

52 minutes gone TP one hit

Trail stops took out the other two trades and wait for it "IN" profit amazing you could do this all day

Thanks guys
I do Good I feel GoodI do Bad I feel Bad
  • #445
  • Jul 31, 2010 7:32am Jul 31, 2010 7:32am
hello sashasan,

thanks for the new version. I backtested gbp/usd with various parameters for the last 7 months and the results don't seem to be good except july. maybe some optimization is required.

I'd like to ask you something different, and maybe a bit off the topic. Is there any chance that you would add a 'reverse order' option to the EA. I mean, when the indicator gives BUY signal EA sells, or vice versa. What I have in mind is kind of a scalping method. In some of my backtests, I used market order parameter with 15 tp and 15 sl. The graph consistently dropped, so I thought if we can reverse how the EA works, then we may get something with 10 pips tp/sl setting.

thanks in advance...
  • #446
  • Jul 31, 2010 8:55am Jul 31, 2010 8:55am
Quoting SkyzerFX
I think #1 you'll need 2 different settings: Either Use Buy Stops

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...
in other words, you mean for buy limits it should be exactly opposite than for buy stops - if market go up, trail it and if it's more then 100 pips move, delete those orders?
  • #447
  • Jul 31, 2010 8:59am Jul 31, 2010 8:59am
Quoting isengoz
hello sashasan,

thanks for the new version. I backtested gbp/usd with various parameters for the last 7 months and the results don't seem to be good except july. maybe some optimization is required.

I'd like to ask you something different, and maybe a bit off the topic. Is there any chance that you would add a 'reverse order' option to the EA. I mean, when the indicator gives BUY signal EA sells, or vice versa. What I have in mind is kind of a scalping method. In some of my backtests, I used market order parameter with 15 tp and 15 sl. The graph...
excellent idea

but how ea would identify when a new signal is coming - is it a "straight" or "reverse" signal?
  • #448
  • Jul 31, 2010 9:40am Jul 31, 2010 9:40am
Quoting sashasan
excellent idea

but how ea would identify when a new signal is coming - is it a "straight" or "reverse" signal?

well, actually it doesn't have to identify it. it will always trade reverse or straight according to the selection. it's like trading against the trend which the indicator specifies. the thing is the stoploss of 140pips is too large, and sometimes it hits. when it hits, it takes the profit of at least 7 trades. so, if we decrease this number, it hits more frequently, and when we decrease stoploss to -15 or so almost every 2 trade out of 3 hits the stoploss. what I'm thinking is that if it hits stoploss that frequently, then maybe we should trade that direction.
  • #449
  • Jul 31, 2010 9:58am Jul 31, 2010 9:58am
Quoting sashasan
in other words, you mean for buy limits it should be exactly opposite than for buy stops - if market go up, trail it and if it's more then 100 pips move, delete those orders?
Yes, exactly..

And when Orders placed, stop loss must be calculated from Triggered price. If we place

BUY LIMIT orders 40 pips below Triggered price, then SL would be 140-40= 100 pips
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  • #450
  • Edited 11:05am Jul 31, 2010 10:31am | Edited 11:05am
Quoting SkyzerFX
Yes, exactly..

And when Orders placed, stop loss must be calculated from Triggered price. If we place

BUY LIMIT orders 40 pips below Triggered price, then SL would be 140-40= 100 pips

yeah, i remember this
  • #451
  • Jul 31, 2010 11:06am Jul 31, 2010 11:06am
also, looks like "slow" trailing would not work at all with limit orders?
  • #452
  • Jul 31, 2010 11:16am Jul 31, 2010 11:16am
Quoting isengoz
well, actually it doesn't have to identify it. it will always trade reverse or straight according to the selection. it's like trading against the trend which the indicator specifies. the thing is the stoploss of 140pips is too large, and sometimes it hits. when it hits, it takes the profit of at least 7 trades. so, if we decrease this number, it hits more frequently, and when we decrease stoploss to -15 or so almost every 2 trade out of 3 hits the stoploss. what I'm thinking is that if it hits stoploss that frequently, then maybe we should trade...
you mean to get a pop up option where user will choose how to interpret a signal - as a trend or a counter trend?
  • #453
  • Jul 31, 2010 11:21am Jul 31, 2010 11:21am
ok, here it is - v4.1 beta with limit orders

for now, if "slow" trailing chosen, limit orders will not be trailed, only with "fast"

it's a testing version, on my IBFX works ok
Attached File(s)
File Type: ex4 GEOFFs TOKYO BREAKOUT v4.1 beta.ex4   57 KB | 394 downloads
  • #454
  • Jul 31, 2010 2:14pm Jul 31, 2010 2:14pm
Quoting sashasan
ok, here it is - v4.1 beta with limit orders

for now, if "slow" trailing chosen, limit orders will not be trailed, only with "fast"

it's a testing version, on my IBFX works ok
Is this Exclusevely for limited Orders only or combination either

Stop or limited?

Thank you, Sasha, will check it out..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #455
  • Jul 31, 2010 2:44pm Jul 31, 2010 2:44pm
Hi Sashasan,

I am not able to use it as an indicator. Please help.

Thanks,
FXNUB
  • #456
  • Edited 3:15pm Jul 31, 2010 2:49pm | Edited 3:15pm
Quoting SkyzerFX
Is this Exclusevely for limited Orders only or combination either

Stop or limited?

Thank you, Sasha, will check it out..
no, it's both but either

if PlaceStopOrder = true it will place Buy/Sell Stop order
if PlaceStopOrder = false it will place Buy/Sell Limit Order

(sorry for this stupid options choice, but it's the only one available in mql4. also could be digits like PendingOrderOption = 1 as stop and 2 as limit but i think it's harder to remember)
  • #457
  • Jul 31, 2010 4:58pm Jul 31, 2010 4:58pm
Quoting sashasan
you mean to get a pop up option where user will choose how to interpret a signal - as a trend or a counter trend?
no sashasan, there is no need for a popup or for user to make a choice for each trade. what I'm asking is placing an option into the settings to reverse the trade direction. I don't know much about programming, but in my opinion this can be handled with a formula like:
if 'reverse' is on => when buy (or buy stop) signal is given place an order of sell (or sell stop)
else => when buy signal is given, place an order of buy

it's like changing the direction of a current with a switch, on and off...
  • #458
  • Jul 31, 2010 6:58pm Jul 31, 2010 6:58pm
Quoting sashasan
no, it's both but either

if PlaceStopOrder = true it will place Buy/Sell Stop order
if PlaceStopOrder = false it will place Buy/Sell Limit Order
Looking good .
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #459
  • Jul 31, 2010 7:06pm Jul 31, 2010 7:06pm
Quoting sashasan
no, it's both but either

if PlaceStopOrder = true it will place Buy/Sell Stop order
if PlaceStopOrder = false it will place Buy/Sell Limit Order

(sorry for this stupid options choice, but it's the only one available in mql4. also could be digits like PendingOrderOption = 1 as stop and 2 as limit but i think it's harder to remember)

personally I like the options to change as I said I have my SL at 100 pips may even reduce that yet.

not convinced abut the limit order either but good to have the option

once again loving your work

I do Good I feel GoodI do Bad I feel Bad
  • #460
  • Aug 1, 2010 10:16am Aug 1, 2010 10:16am
ok, so updated last version on the first page
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