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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

  • #741
  • Aug 6, 2010 4:20pm Aug 6, 2010 4:20pm
I just started using this in the last couple of days (v3.8 and now 4.5), so do not have a good feel yet -- have had more wins than losses so far, so thats good. Using automatic mode, so no comment on the various manual mode issues.

Questions:
1)What is the gray rectangular box that sometimes shows up on the candle chart? Does it provide any useful guidence on what is going on?

2)How to best close a trade that it is managing -- either close a trade in the works or delete pending trades. I seem to have had inconsistant results when I cancel them manually.

3) Does this work reliably with the MT4 back tester? -- note, I don't mean "Is backtesting reliable?", I just mean does this EA have any quirks that would cause it to not work properly given the data (of questionalble reliablity) available?

Thanks to sashasan , Geoff, and all the kibitzers who have been helping to tweak this!
  • #742
  • Aug 6, 2010 6:23pm Aug 6, 2010 6:23pm
Hi Sashan

I am pretty sure I am having a problem with stuck ticket numbers in V4.5.

The attached chart is for GU with V4.5 EA loaded. It had Buy Limit orders which were then cancelled automatically becuase the price moved more than the configured limit.

However you can see that the EA still displays three ticket numbers and will not take another trade as long as these numbers are present.

Is anyone else having this issue?

Z
Attached Image (click to enlarge)
Click to Enlarge Name: gu 2010.08.06.gif Size: 32 KB
  • #743
  • Aug 6, 2010 8:16pm Aug 6, 2010 8:16pm
Quoting lawgirl21
Yes, it is unless another auto trade comes in. About 10-15 minutes before original Tuesday long trade hit TPs, an auto trade long on GU was triggered so both hit my +22,+24,+26 targets within minutes of each other. Fun! Of course, had to wait 3 days for first ..still
I'm in the boat with ya sort-of.

Long orders on gu, eu.
short on uj, haven't played with the ej is it better as that might be the next pair that I should add.

Don't like spanning the weekend but that appears to be the direction that I am going to get to go.
  • #744
  • Aug 7, 2010 10:11am Aug 7, 2010 10:11am
Quoting CUtiger95
I'm in the boat with ya sort-of.

Long orders on gu, eu.
short on uj, haven't played with the ej is it better as that might be the next pair that I should add.

Don't like spanning the weekend but that appears to be the direction that I am going to get to go.
Weekends are risky, that's for sure. I have EU and GU open long and currently in the negative over the weekend. Could spike up at opening on Sunday or head further down, but long term trend is long so unless there is a spike down to our 140 SL, we'll be ok.
  • #745
  • Aug 7, 2010 10:23am Aug 7, 2010 10:23am
Good day and trade! Please, could you send to me the GEOFF's Manual Setup v3.5 (Indicator) in .mq4. I cannot find it now Thx!
  • #746
  • Edited 1:55pm Aug 7, 2010 1:41pm | Edited 1:55pm
sky, do we delete limit orders if first market order is closed by take profit but they did not trigger?

also, the second limit order is placed 40 pips below/above 1st market open price or below/above a first limit order which is already lower/upper on 20 pips from 1 market?
  • #747
  • Aug 7, 2010 4:27pm Aug 7, 2010 4:27pm
Quoting sashasan
sky, do we delete limit orders if first market order is closed by take profit but they did not trigger?

also, the second limit order is placed 40 pips below/above 1st market open price or below/above a first limit order which is already lower/upper on 20 pips from 1 market?
anyway, did by this way.
testing...
  • #748
  • Aug 7, 2010 4:46pm Aug 7, 2010 4:46pm
Quoting Zr-fx
Hi Sashan

I am pretty sure I am having a problem with stuck ticket numbers in V4.5.

The attached chart is for GU with V4.5 EA loaded. It had Buy Limit orders which were then cancelled automatically becuase the price moved more than the configured limit.

However you can see that the EA still displays three ticket numbers and will not take another trade as long as these numbers are present.

Is anyone else having this issue?

Z
Zr-fx, i tried to model the same situation and visually compare using your settings - M5 time frame, ea settings and etc.
ok, i got 3 buy limit orders opened and activated - you say ea deleted this??? it's impossible with any settings you will choose ... in this market condition, either type of pending order will be triggered because of the price swing ...
anyway i need Journal records to see what's going on
Attached Image (click to enlarge)
Click to Enlarge Name: 5aug.jpg Size: 106 KB
  • #749
  • Aug 7, 2010 4:52pm Aug 7, 2010 4:52pm
later on, will add a very as i think useful feature - ability to change a take profit of the first order to a smaller value if price will just touch it and go opposite (its going to be a 2 settings set - new take profit value and bars number after ea should check for this modification). there are many cases in history when pending orders get activated and later on ho back and after some time return but do not reach the first take profit value again and get the full stop loss instead, so if turn on this feature after lets say 4-5 hours and change it to lets say 10 pips, many of stoplosses will be avoided
  • #750
  • Aug 7, 2010 6:41pm Aug 7, 2010 6:41pm
Sounds Great, Can't wait to test the new version.
fishman356
  • #751
  • Aug 7, 2010 7:09pm Aug 7, 2010 7:09pm
Quoting sashasan
later on, will add a very as i think useful feature - ability to change a take profit of the first order to a smaller value if price will just touch it and go opposite (its going to be a 2 settings set - new take profit value and bars number after ea should check for this modification). there are many cases in history when pending orders get activated and later on ho back and after some time return but do not reach the first take profit value again and get the full stop loss instead, so if turn on this feature after lets say 4-5 hours and change...

Yep I was also going to change my limit entery point to 20 pips instead of 40 I would have had more trades and wins.

I was going to trade NFP and would have done well but bottled out as it was friday night here and have learnt not to drink and trade

I do Good I feel GoodI do Bad I feel Bad
  • #752
  • Aug 7, 2010 7:55pm Aug 7, 2010 7:55pm
Quoting sashasan
later on, will add a very as i think useful feature - ability to change a take profit of the first order to a smaller value if price will just touch it and go opposite (its going to be a 2 settings set - new take profit value and bars number after ea should check for this modification). there are many cases in history when pending orders get activated and later on ho back and after...
Take a look at Geoff's thread, he and Pip are supposedly working on an 8 hr or variable second profit level. Effectively if your profit hasn't hit within a set period of time the EA drops the profit to a lower value maybe 1-5 pips. Looking at the detailed back test on Tokyo I think this wipes out all of the losses that system incurred. Now what I don't know as I don't have the EA is if this took out any of the runners that he had as well making big profits.
  • #753
  • Aug 7, 2010 9:00pm Aug 7, 2010 9:00pm
Quoting D.i.m.l.
Good day and trade! Please, could you send to me the GEOFF's Manual Setup v3.5 (Indicator) in .mq4. I cannot find it now Thx!
Remember that the set-up has to go in Indicators, while the EA goes to Experts. Hope this helps. 3.5 is still my favorite.
Attached File(s)
File Type: ex4 GEOFF's Manual Setup v3.ex4   17 KB | 433 downloads
File Type: ex4 GEOFFs TOKYO BREAKOUT v3.5 (EA).ex4   36 KB | 437 downloads
  • #754
  • Aug 8, 2010 5:48am Aug 8, 2010 5:48am
Quoting sashasan
Zr-fx, i tried to model the same situation and visually compare using your settings - M5 time frame, ea settings and etc.
ok, i got 3 buy limit orders opened and activated - you say ea deleted this??? it's impossible with any settings you will choose ... in this market condition, either type of pending order will be triggered because of the price swing ...
anyway i need Journal records to see what's going on
Sasha.

Thank you for replying. I looked at the journal and found it a bit of a mess because I had the EA on GU and EU so it is very difficult to decipher. Also found some memory errors. So it is best that I put it on GU only for a few days after resetting everything and see.

However, I thought that the pending orders will be deleted if the price moves more that the configured number of pips (100 by default)? Is this not correct?

Thanks again for this great EA and the fantastic support.

Z
  • #755
  • Aug 8, 2010 7:23am Aug 8, 2010 7:23am
Quoting sashasan
sky, do we delete limit orders if first market order is closed by take profit but they did not trigger?

also, the second limit order is placed 40 pips below/above 1st market open price or below/above a first limit order which is already lower/upper on 20 pips from 1 market?
Sasha, Sorry, was checking forum few times no one was here, so I'm

replying late... We placing for example 3 orders, 1 Market and 2 limits

IF, NONE of limit orders get triggered and

Market Order Hit TP, both Limit orders should be canceled

and we wait for the next setup.

If First Limit Order Get triggered and Both Market And First Limit Order Hit TP

Second Limit Order get canceled

thank you.
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  • #756
  • Edited 7:50am Aug 8, 2010 7:25am | Edited 7:50am
Quoting sashasan
also, the second limit order is placed 40 pips below/above 1st market open price or below/above a first limit order which is already lower/upper on 20 pips from 1 market?
Those parameters should be specified by user,

Lets say

LimitOrder1 =20
LimitOrder2 =40

by default.

TP and SL should be calculated from Market order #1

P.S

Next time when we talk examples lets only talk about Buy Limit case (assuming Sell limit will working the same way)

P.S.S

We need to test this.. If for Limit orders going to get hard to reach TP since they are 20-40 pips away + TP

We could calculate TP for any order from ENTRY PRICE, To get profit earlier..

<==
OR we might just lower

BuyLimit1=10
BuyLimit2=20

We just have to Test it first and see how it goes..
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  • #757
  • Aug 8, 2010 7:40am Aug 8, 2010 7:40am
Quoting CUtiger95
Take a look at Geoff's thread, he and Pip are supposedly working on an 8 hr or variable second profit level..
To avoid this you have to simply lower your TP 2 / TP 3

As we recommended here 22-25-28 or so, should work

and if you get greedy then you can setup 22-50-80.. By

backtesting Geo's Tokyo Original those settings doesn't appear to be

generating

larger profits, as 80% of the time 50 pip TP never get reached and

Order gets bailout at 22 TSL which at the end will be even lower then our

25 pip TP2 (without TSL). Same goes for TP3. Got it?
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  • #758
  • Aug 8, 2010 11:42am Aug 8, 2010 11:42am
btw i removed 1 order option since looks like nobody uses this so far
  • #759
  • Aug 8, 2010 11:51am Aug 8, 2010 11:51am
Quoting sashasan
btw i removed 1 order option since looks like nobody uses this so far
Yeap, good Idea..
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  • #760
  • Aug 8, 2010 4:14pm Aug 8, 2010 4:14pm
Well the brokers are getting smarter

Just opened here in NZ I run two accounts one on Alpari and one on FXDD
Alpari closes and opens an hour after FXDD.

Just before close last week Alpari GBP/USD dropped to 1.5928 and FXDD stayed at 1.5965.

At the open today FXDD has not moved and 11 mintues into the day it has dropped to 1.5960 and bounced up.

So if you on Alpari get ready to put in a buy right on the open.

Also I notice around news event the spread is getting rediculous and even the MT4 platform goes off line,

anyway happy trading this week guys
I do Good I feel GoodI do Bad I feel Bad
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