Confirm 14 EA System

The EA figures out lot sizes automatically, controlled by the setting MaxMarginToUse. When all trades are open, your margin should stay around 500% to 600%. If it is not in that ballpark, you can adjust MaxMarginToUse to get your lot sizes where you want them.

Let me rephrase the question.
This morning I opened a new Demo account with $5000.
I attached the EA with the default Property settings.
The EA has been running for about 12 hours without placing a trade.
Is there a parameter that I should have updated?
Thank you.

See the FAQ.

http://www.forexfactory.com/showthread.php?p=3976232

its showin total buked loss of $500 right now. i m using version 01.

Wait for equity pops. Directional market action is needed to get there.

Hello Metac and others,i opened26.08 22.00(gmt+2) basket 14_02 and cloce it manual 27.08 18.00. it was nice +3%profit, (0.01 lot live but loosks good) happy weekends to everybody,reg,,, sky

Hello MetaCoder,

I am running the Confirm 01 and 02. So far the 02 is performing better.
I have a $5,000 STD demo account, in the inputs the ProfitPct set to 1.0
As of now the Equity is $5,123, no trades closed at profit 1.0 Pct
I thought that the EA will close the trades at the profit of $50.

Can you please explain?

I hope this is not too dumb question

Thank you

Not a dumb question at all. It should have closed when Equity was 1% above LastFlatEquity. LastFlatEquity is a global variable when this EA is running. If your account balance was $5000 when you started the EA, LastFlatEquity should have been set to that number. Check your screen comments and see if LastFlatEquity is correct, then check Equity Profit Target in the screen comments. That is the figure that should trigger the close all.

If those figures are not correct you can drop down the Tools menu at the top of the MT4 window and select Global Variables. If LastFlatEq is not 5000, that is the problem. You can double click on the incorrect number and change it to 5000. When you close that window it should change the figures in your screen comments appropriately and when the market opens tomorrow the EA should close for whatever profit you have.

I have no clue what could have caused that problem, but I believe the actions I suggested will correct it.

BTW, if you have trouble reading the screen comments due to the background info on the chart, just right click on the chart, select Properties, go to the Colors tab and change all colors except Foreground to black. Foreground should remain white. Then uncheck everything in the Common tab. That will get rid of everything except the screen comments.

After a little more thought, the only thing I can think of that could have caused the problem is... if you had previously been running another MetaCoder EA that had the variable called LastFlatEquity on the same platform (not necessarily the same account), it may have closed for profit and set a new higher LastFlatEquity, so when you started the new account the Global Variable was already higher than 5000 and thus caused the problem.

If that's the case, the correction proceedure above will fix it.

Nice frazer

Thank you Frazerd.
Will look into it.

Cheers

Frazerd,

The suggestion you gave me worked.
I had to correct the Tools/Global variables/ Last Flat Equity value.
This has never happened to me before.

I keep learning something new all the time

Thanks

Yep, I learned it the hard way. Were you able to determine why it happened? That is the important thing.

I had previously another MetaCoder EA on that platform.
So I think that was the issue.

It surprises me, I assumed that the MT4 will change the LastFlatEquity
at the time of new account opening.

I believe those global variables hang around unless we explicitly delete them.

They do unless the new EA that is started has a different Magic Number. If there is a new Magic Number it will start a new set of Globals - see screenshot.

One could add account number to the global variable names, but then we tend to pile up a bunch of global variables as we start new accounts.

Thanks for the interesting ea--

but, with apologies for a noob question, can anyone share some suitable settings for an account about USD5k? I am struggling to get my head around what each of the variables does, and I find the ea either won't trade or trades with more lots that is sensible for the account size.

Thanks in advance!

Charlie

Charlie and All, here is an explanation of the settings in the Looser EA. All of MetaCoder's EAs have much the same settings. This should help. If you still have other questions I can probably help.

Thanks Frazerd, was also looking for some answers.

Is somebody using this one or Basket14 live? I'm curiuos how it performs.
What is a minimum account-size if using these EA's?