Jiva Dragon

up to date for the 4hour as tested with FXDD Malta.
We're thinking maybe a better time frame will be the 1hour. But for now that's where everything is , the 4hour.

EURCHF setting up again.
Traded once already in Asian session..

the sell stop is placed, that doesn't mean it will get filled. EURCHF has 2 4hr candles to reach the sell stop. My guess is it'll get filled...

filled entered and exited...

yes, what broker are you using?

Sorry Taiyakixz, but the ordersenderror I mentioned in post 88 and 94, appears in v8.0.

Thanks in advanced.

Hi Jiva, is v8 5 digits compatible, or we need to x10 the value settings?

Thanks!

v8.0 is normalized for 4 or 5 digits. No problem there. What broker?

What pair are you testing?

EURUSD .

The problem is TP=SL=price (see image attached) because they must be placed separately in my broker (ODL MT4). Stops and limits cannot be attached to a market order.

I Agree.
D1 and H4 candles are not the same in all brokers. It depends on the country the broker is, but H1, M30,... are always the same, only different names (8 pm candle in London is 3 p.m candle in New York, but prices: hight, low, open, close are always the same).

yes I see.
v8.0 was released before Taiyakixz heard of the problem. I did not post v8.0 until just recently so it is not a surprise that this particular problem is not addressed in v8.0. Most likely Taiyakixz is working on fixing it.

Yes we will be focusing on the 1 hour chart.

Greay results for this new version, I have not back tested , but will shortly on IBFX, do you have a new template for this ea?

GREAT RESULTS

Not really. Pretty simple.
the moving averages are all slightly different for the different pairs anyway so one template wouldn't really do it.

Only thing is the huge stop loss. some settings 140 pips.
If gain is 15 pips 1st limit and average about 20 pips 2nd limit that's total 35 pips gain versus possible 280 pips loss.
Can't afford too many losses at that rate. Like 1 loss is 1 too many!!
Took a loss this morning in the micro. I only allowed 1 position to open luckily. But it was 140 pips. that wiped out pretty much the gains for the whole week. Except for maybe 20 pips.
Not pretty.
Looks like the ea sold EURUSD at the bottom and closed at the top. Perfectly!!
So all the backtesting in the world still does not give any guarantee, only a rough idea at best.
I know there's a way to get the probability of success to favor the trader. We will keep at it. This is a good start. The basic strategy is good and the ea is written nicely.
We will see how to get the risk down to more acceptable levels.

Those Error I'd bet due to that 5-digit brokers acting as ECN

now, in that case Order (without SL/TP) must be send first

and then Order can be modified with SL/TP,

otherwise you will get error.

I have not fixed yet. Please wait v8.1....

okay, we will get this stop loss down to bearable amounts.
So that taking the inevitable loss is not a crusher....

Something more like these settings for 1h EURUSD 30 pip stop loss...
Able to capture big moves.....not so dependent on micro precision... just a good strategy and small stop loss....

8 mos back test..

SymbolEURUSD (Euro vs. United States Dollar) Period1 Hour (H1) 2010.01.04 02:00 - 2010.07.23 23:00 (2010.01.01 - 2010.08.01) ModelEvery tick (the most precise method based on all available least timeframes) ParametersiMagicNumber=8435801; GMTOffset=3; TradeStartHour=0; TradeEndHour=24; Lots=1; TakeProfit1=20; TrailingStop1=140; TakeProfit2=1000; TrailingStop2=150; StopLoss=30; PendingPips=0; ExpireCandles=0; DelayOrder2=0; CheckSlope=false; DSS_name="Robby DSS Bressert Colored with alert v1.1"; DSS_EMA=24; DSS_stoch=35; Use_T3MA=true; T3MA_name="T3MA"; T3MA_Periods=400; T3MA_VolumeFactor=0.7; Channel_EMAPeriod=55; Channel_EMAShift=0; ShowComment=true; EXP_MA_1="-------- MA settings --------"; EXP_MA_2="-- Method 0:SMA, 1:EMA, 2:SMMA, 3:LWMA"; EXP_MA_3="-- Timeframe 0:current or minutes"; Use_MA1=true; MA1_Timeframe=0; MA1_Period=8; MA1_Method=1; MA1_Shift=0; 1 moving average used

Bars in test3204Ticks modelled3363636Modelling quality90.00% Mismatched charts errors48




Initial deposit10000.00



Total net profit9312.33Gross profit13880.75Gross loss-4568.42 Profit factor3.04Expected payoff155.21

Absolute drawdown898.99Maximal drawdown2602.00 (13.82%)Relative drawdown13.82% (2602.00)
Total trades60Short positions (won %)58 (48.28%)Long positions (won %)2 (50.00%)
Profit trades (% of total)29 (48.33%)Loss trades (% of total)31 (51.67%) Largestprofit trade3094.55loss trade-315.00 Averageprofit trade478.65loss trade-147.37 Maximumconsecutive wins (profit in money)6 (7410.14)consecutive losses (loss in money)5 (-1257.48) Maximalconsecutive profit (count of wins)7410.14 (6)consecutive loss (count of losses)-1257.48 (5) Averageconsecutive wins2consecutive losses2

hi jiva
can u post a template for H1 chart for manual trading. I didn't find the settings for manual trading..

thanks

I can use alpari Uk or FXCM both 5 dig.

going to re-read thread to understand the logic

I sent fixed version 8.1 to jiva. It will be uploaded soon.
No other change from 8.0.
So, for members who has no problem with taking order, update is not needed.

I suggest you study just one pair. Become familiar with the settings and how the ea works. We want to transfer from 4 hour to 1 hour. Here is a setting for EURUSD you can practice with. We also want to reduce the stop losses. We are working on that. 140 pip stop is not realistic. The different pairs all have slightly different settings. EURUSD is good to practice with.
The preset for EURUSD1h is loaded into the template so it should already be there when you download the template provided you have one of the volumes of dragon loaded in experts.
Good luck.