Trend Follower 5 Minute System | Page 178 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

4 HD system (trend follower) 3 replies

Journal for Trend Follower 5 Minute System 9 replies

Trend Follower System Programming 4 replies

A good EA trend follower? 2 replies

trend follower system templates and indicators an issue 5 replies

Attachments: Trend Follower 5 Minute System
Exit Attachments

Trend Follower 5 Minute System

  • #3,541
  • Aug 30, 2010 1:04pm Aug 30, 2010 1:04pm
Hello Asasa,
The EA is placing trades and the face in the upper right hand corner that had the frown is now smiling. I was just wondering why when the EA puts on a trade it puts on two trades that are in opposite directions, one buy and one sell. On one trade today in the GBP/USD it put on its two trades like regular, but the trend was clearly down and on the buy side of the trade it didn't even have a stop loss. Also, I have not read the all the information on how to trade this system, but what I have read I didn't see anything about going the opposite direction. Is there a way to correct this so it won't put on any more trades opposite the trend? I was also wondering if there is a way to allow the EA to put on a specific amount of lots instead of getting these different lot sizes. Thanks and I look forward to your post!!

-Faith Trader
  • #3,542
  • Aug 30, 2010 2:01pm Aug 30, 2010 2:01pm
Quoting Faith Trader
Hello Asasa,...
Great, you found a bug in my EA!
I will soon fix the problem and post an updated version of the EA.
Setting a fixed amount of lots for orders is not my current priority, but I can work on this (not immediately).
With the current version of the EA (apart from bugs that will be soon fixed) when an entry condition triggers, the EA sends two orders in the same direction. This is only for semplicity of order close management, since in any case the total risk of the two orders (together) is always calculated as a fixed percentage of the account.
  • #3,543
  • Aug 30, 2010 2:24pm Aug 30, 2010 2:24pm
here is a buy trade taken right after the sell trade was entered, which is the result of the bug areadly mentioned, but the odd thing with this one is that i had to manually close it out. so far it has been the only one, all others even though placing buy and sells together are closing out on their own.
http://www.probotic.net/images/1.gif
  • #3,544
  • Aug 30, 2010 2:27pm Aug 30, 2010 2:27pm
I look forward to the updated EA. I also want to thank you in advance for creating an EA with fixed lots when you get the chance. In the meantime, I am looking forward to testing the updated EA, with bugs exterminated of course. Keep up the good work, and as always, Thanks!!!!!

-Faith Trader


Quoting asasa
Great, you found a bug in my EA!
I will soon fix the problem and post an updated version of the EA.
Setting a fixed amount of lots for orders is not my current priority, but I can work on this (not immediately).
With the current version of the EA (apart from bugs that will be soon fixed) when an entry condition triggers, the EA sends two orders in the same direction. This is only for semplicity of order close management, since in any case the total risk of the two orders (together) is always calculated as a fixed percentage of the account.
  • #3,545
  • Aug 30, 2010 2:40pm Aug 30, 2010 2:40pm
Quoting asasa
Great, you found a bug in my EA!
I will soon fix the problem and post an updated version of the EA.
Setting a fixed amount of lots for orders is not my current priority, but I can work on this (not immediately).
With the current version of the EA (apart from bugs that will be soon fixed) when an entry condition triggers, the EA sends two orders in the same direction. This is only for semplicity of order close management, since in any case the total risk of the two orders (together) is always calculated as a fixed percentage of the account.
Buddy hi!
Just wondering if you could post results of your EA ???? What is your set up for profitable resluts? In other words if your EA doesn't give us good results what is purpose of it?
  • #3,546
  • Aug 30, 2010 2:40pm Aug 30, 2010 2:40pm
Here you go, find here attached the new version of Trend Follower Wicker EA (v1.0.1). It fixes the bug already mentioned.
Please read carefully the instructions included at the beginning of the source code itself.
Pay attention: also a new version of the EAHelper library is here included (it is mandatory).
Inserted Code
//+---------------------------------------------------------------------------------------+
//|                               Trend Follower Wicker, Expert Advisor for MetaTrader 4  |
//|                                           Copyright © 2010, asasa, [email protected]  |
//|                                         Original concept: TheWicker on Forex Factory  |
//|                               Ref: http://www.forexfactory.com/showthread.php?t=40325 |
//|                  Ref: http://www.bustathief.com/earn-money-with-forex-trend-follower/ |
//+---------------------------------------------------------------------------------------+

// EA info:
#define EA_NAME_VERSION "Trend Follower Wicker v1.0.1"
#property copyright     "Copyright © 2010, asasa, [email protected]"
#property link          "[email protected]"

//------------------------------------------------------------------------------------------------------
// Instructions:
//--------------
// - copy this file (*.mq4) to "<mt4 client dir>\experts\"
// - copy the required header file (EAHelper vX.X.X.mqh) to "<mt4 client dir>\experts\include\"
// - copy the required indicators to "<mt4 client dir>\experts\indicators\":
//   * EMA Crossover Signal.mq4 (4,215 bytes)
//   * Laguerre.mq4 (2,746 bytes)
//   * Slope Direction Line.mq4 (4,196 bytes)
//   The indicators can be found on http://www.bustathief.com/earn-money-with-forex-trend-follower/
//------------------------------------------------------------------------------------------------------
// Important note: compilation warnings are not harmful
// Do not worry about warnings regarding possible non-referenced functions.
// These functions are part of the helper library that are not used in this particular EA.
// These warnings can be safely ignored.
//------------------------------------------------------------------------------------------------------
// For a description of the meaning of the external parameters, refer to the comments in the source code
//
extern int    basemagicnumber   = 20100806;   // base magic number for this EA, used to derive the magic numbers for the various timeframes
extern int    timeframe         = PERIOD_M5;  // timeframe on which the EA is applied (chart timeframe is not taken into account)
extern int    arrowfastema      = 4;          // period of the fast EMA for the arrow indicator (EMA crossover)
extern int    arrowslowema      = 8;          // period of the slow EMA for the arrow indicator (EMA crossover)
extern int    macdfastema       = 5;          // fast ema period of the MACD indicator
extern int    macdslowema       = 35;         // slow ema period of the MACD indicator
extern int    macdsignalper     = 5;          // periodicity of the signal line of the MACD indicator
extern int    volachannelper    = 34;         // periodicity for the volatility channel calculation
extern double laguerregamma     = 0.66;       // gamma parameter of the Laguerre indicator
extern double laguerrereflevel  = 0.15;       // reference level of the Laguerre indicator for entry conditions
extern int    slopedirper       = 80;         // periodicity of the slope direction line indicator
extern int    stoplossmode      = 1;          // stop loss mode; 1: recent high/low breakout; 2: fixed amount of pips
extern int    slm1extensionpips = 5;          // for stoploss mode 1, number of extra pips for the breakout above/below recent high/low
extern int    slm1recentbars    = 5;          // for stoploss mode 1, number of bars for the calculation of recent high/low
extern int    slm2pips          = 25;         // for stoploss mode 2, fixed amount of pips for the stoploss
extern double riskperc          = 1.0;        // risk percentage in terms of account equity

// include:
#include <EAHelper v1.0.8.mqh>
Attached File(s)
File Type: mq4 Trend Follower Wicker v1.0.1.mq4   52 KB | 970 downloads
File Type: mqh EAHelper v1.0.8.mqh   51 KB | 779 downloads
File Type: mq4 EMA Crossover Signal.mq4   4 KB | 696 downloads
File Type: mq4 Laguerre.mq4   3 KB | 686 downloads
File Type: mq4 Slope Direction Line.mq4   4 KB | 771 downloads
  • #3,547
  • Aug 30, 2010 2:49pm Aug 30, 2010 2:49pm
Quoting pilatus
Buddy hi!
Just wondering if you could post results of your EA ???? What is your set up for profitable resluts? In other words if your EA doesn't give us good results what is purpose of it?
Well, the strategy (rated 5 stars from the users) is not mine.
I have just written the EA for testing and trading automation purposes.
As you have written, backtests don't look that good (didn't know before writing the EA...).
Even if my backtests show 99% modelling quality, I prefer to rely on forward tests. I never try to optimize the parameters when it seems the only way to get the strategy to be profitable.
I post my EAs also to have opinions and suggestions from other traders, and that is why I continue to answer questions and support the development of the EA. At this stage of the development, simple modifications do not take much time.
  • #3,548
  • Aug 30, 2010 3:39pm Aug 30, 2010 3:39pm
Quoting asasa
Well, the strategy (rated 5 stars from the users) is not mine.
I have just written the EA for testing and trading automation purposes.
As you have written, backtests don't look that good (didn't know before writing the EA...).
Even if my backtests show 99% modelling quality, I prefer to rely on forward tests. I never try to optimize the parameters when it seems the only way to get the strategy to be profitable.
I post my EAs also to have opinions and suggestions from other traders, and that is why I continue to answer questions and support the development...
I understand. Just keep going and if you need any help post here. Wish you luck
  • #3,549
  • Aug 31, 2010 12:13pm Aug 31, 2010 12:13pm
Asasa,
I am running the new version of the EA and I am getting an error. The error number is 134. I changed the time frame to 1 min. I also changed the "stoplossmode" to number 2 but I left the "slm2pips" at 25. Do you have any idea why it is giving this error 134? It doesn't make any difference if the order is a buy or sell. It still gives the same error 134. Thanks!!

-Faith Trader
  • #3,550
  • Aug 31, 2010 1:15pm Aug 31, 2010 1:15pm
Quoting Faith Trader
Asasa,
I am running the new version of the EA and I am getting an error. The error number is 134. I changed the time frame to 1 min. I also changed the "stoplossmode" to number 2 but I left the "slm2pips" at 25. Do you have any idea why it is giving this error 134? It doesn't make any difference if the order is a buy or sell. It still gives the same error 134. Thanks!!

-Faith Trader
Error code 134: Not enough money.
You don't have enough money in your account for opening new trades.
  • #3,551
  • Aug 31, 2010 1:55pm Aug 31, 2010 1:55pm
Asasa, after your post, I looked at the information on the screen again and I noticed something. Right after the error 134, it is showing on one screen 122.15 lots and on the other it is showing 55.82 lots. If that is the amount of lots it is trying to put on a trade no wonder there is not enough money in the account. The demo account has just under 50000 in it. Is there a setting I can change or is it something in the EA? I thank the Lord that I saw that information, otherwise I would have not understood what was going on with that amount of money in the demo.

-Faith Trader


Quoting asasa
Error code 134: Not enough money.
You don't have enough money in your account for opening new trades.
  • #3,552
  • Aug 31, 2010 2:06pm Aug 31, 2010 2:06pm
Quoting Faith Trader
Asasa, after your post, I looked at the information on the screen again and I noticed something. Right after the error 134, it is showing on one screen 122.15 lots and on the other it is showing 55.82 lots. If that is the amount of lots it is trying to put on a trade no wonder there is not enough money in the account. The demo account has just under 50000 in it. Is there a setting I can change or is it something in the EA? I thank the Lord that I saw that information, otherwise I would have not understood what was going on with that amount of money...
Most probably the stop loss was too near to the current price and the calculation of the 1% risk has led to such lot calculation. A possible solution can be to force the stop loss to be at a distance not less than a fixed amount of pips (the EA must be updated for this to work). When strange things such this happen, remember to take a screenshot of your terminal and to post it, so that I can better understand what went wrong. If you did not notice before, the EA writes a log file in the directory <client dir>\experts\files\. It stores all the information that you see passing on screen. You can look at this file and search for the relevant lines when the strange situation occurred. Then post it here.
This feedback you are giving me is very useful for me to increase the robustness of my EAHelper library.
  • #3,553
  • Aug 31, 2010 2:45pm Aug 31, 2010 2:45pm
Asasa, I don't mind helping you with your EA. I am learning some too. Thank you for being willing to explain and teach and thanks for continuing to make the EA better!! I took 2 screen shots of some of the information you mentioned. The first screen shot is part of the information and the second screen shot is the same thing accept it has more of the information to the right of the screen. It's not all showing up on the same screen that's why I did it like that. Both screen shots are on the same page, just pull down the page after you open the file and you will see the second screen shot. I will wait for your next version of the EA to try out. By the way, I know that I am always putting the screen shots on a word doc, could you please tell me how to post directly to the post. That would be a lot easier I think. Hope this info helps!!

-Faith Trader




Quoting asasa
Most probably the stop loss was too near to the current price and the calculation of the 1% risk has led to such lot calculation. A possible solution can be to force the stop loss to be at a distance not less than a fixed amount of pips (the EA must be updated for this to work). When strange things such this happen, remember to take a screenshot of your terminal and to post it, so that I can better understand what went wrong. If you did not notice before, the EA writes a log file in the directory <client dir>expertsfiles. It stores all the information...
Attached File(s)
File Type: doc #4 Screen Shot.doc   289 KB | 502 downloads
  • #3,554
  • Edited 4:07pm Aug 31, 2010 3:01pm | Edited 4:07pm
Quoting Faith Trader
Asasa, I don't mind helping you with your EA. I am learning some too. Thank you for being willing to explain and teach and thanks for continuing to make the EA better!! I took 2 screen shots of some of the information you mentioned. The first screen shot is part of the information and the second screen shot is the same thing accept it has more of the information to the right of the screen. It's not all showing up on the same screen that's why I did it like that. Both screen shots are on the same page, just pull down the page after you open the file...

Ok, this is the information I was referring to.
From the log file, I see the EA tried to send a sell order with 10-pip stop loss and 64-pip target (nearest daily pivot point).
Everything is ok under this point of view.
The wrong part is that you set the parameter regarding the account risk percentage at 50%.
So you were supposed to lose 24000 of dollars (half the account) with a contrarian move of 10 pips.
This is the reason for such a lot calculation.
If you want to directly include images in your posts, you have to look for "manage attachments" in the page that opens when you write your post. Take a screenshot with "Stamp" key and paste it in Paint. Save and attach the image file to the post.
Attached Image (click to enlarge)
Click to Enlarge Name: error134.jpg Size: 407 KB
  • #3,555
  • Aug 31, 2010 4:26pm Aug 31, 2010 4:26pm
Asasa, I also saw the 50 percent risk before I posted. What I do not understand is why. I went through all the charts and looked at the EA properties and everyone says 1.0 for the risk. The only time I changed the risk to 50 percent was on the old EA when I had a small demo account. I deleted the old EA and the old EAhelper file. They are in the recycle bin I think. How do I get rid of this 50 percent risk? Also, thanks for info on posting directly to the post. I will have to try it at some point.

-Faith Trader

Quoting asasa
Ok, this is the information I was referring to.
From the log file, I see the EA tried to send a sell order with 10-pip stop loss and 64-pip target (nearest daily pivot point).
Everything is ok under this point of view.
The wrong part is that you set the parameter regarding the account risk percentage at 50%.
So you were supposed to lose 24000 of dollars (half the account) with a contrarian move of 10 pips.
This is the reason for such a lot calculation.
If you want to directly include images in your posts, you have to look for "manage attachments"...
  • #3,556
  • Aug 31, 2010 5:13pm Aug 31, 2010 5:13pm
Quoting Faith Trader
Asasa, I also saw the 50 percent risk before I posted. What I do not understand is why. I went through all the charts and looked at the EA properties and everyone says 1.0 for the risk. The only time I changed the risk to 50 percent was on the old EA when I had a small demo account. I deleted the old EA and the old EAhelper file. They are in the recycle bin I think. How do I get rid of this 50 percent risk? Also, thanks for info on posting directly to the post. I will have to try it at some point.
-Faith Trader
When you attach the EA to a chart, set the parameter "freshstart" to true. This will clear the state variables and parameters that the EA always saves and reloads from file. I included this option because when operating in real time one generally wants to have the option to close the MT4 platform (for any reason) and reopen it at a later time with all the variables reloaded as they were before exiting from the client, thus giving continuity to the EA operativity between different sessions. If you want a completely fresh start of the EA without reloading the parameters and variables from the previous session, you have to set the parameter "freshstart" to true.
  • #3,557
  • Aug 31, 2010 10:33pm Aug 31, 2010 10:33pm
Asasa, I don't know what is happening. I changed the setting as per your post, but it is still doing the exact same thing. Is there anything else I can do? I am going to close every chart and start over again and then add the EA and set the settings at that time. I really want to test this EA!!

-Faith Trader



Quoting asasa
When you attach the EA to a chart, set the parameter "freshstart" to true. This will clear the state variables and parameters that the EA always saves and reloads from file. I included this option because when operating in real time one generally wants to have the option to close the MT4 platform (for any reason) and reopen it at a later time with all the variables reloaded as they were before exiting from the client, thus giving continuity to the EA operativity between different sessions. If you want a completely fresh start of the EA without...
Attached File(s)
File Type: doc #5 Screen Shot.doc   145 KB | 412 downloads
  • #3,558
  • Sep 1, 2010 1:13am Sep 1, 2010 1:13am
Quoting Faith Trader
Asasa, I don't know what is happening. I changed the setting as per your post, but it is still doing the exact same thing. Is there anything else I can do? I am going to close every chart and start over again and then add the EA and set the settings at that time. I really want to test this EA!!
-Faith Trader
Yes, do it for all of your charts where you have attached the EA.
If it still doesn't work please post here the complete log file where the error occurs and I will know for sure what it is going on.
I suggest you to use the EA on only one chart until you completely understand how it works.
  • #3,559
  • Sep 1, 2010 10:00am Sep 1, 2010 10:00am
Hi Asasa, I closed all the charts and started over. I left the EA running all night on 8 charts and I see that it has made several trades. The only error I saw is on an open position that is still trading as of this post. It's error 130. I am not sure what that means. Please see attached log file and please let me know what error 130 means. However, I did notice on the log file that the risk percentage is at 1%. I thank the Lord that it's where it should be and it appears to be running correctly. I also have question for you. If you are in an open trade and you close the program or if for some reason it happens to close on it's own due to power failure etc.., being the freshstart is set to true on the EA, when the program starts again will the EA know that there is an open trade and close that open position at the correct time as it would otherwise? Thanks!!

-Faith Trader


Quoting asasa
Yes, do it for all of your charts where you have attached the EA.
If it still doesn't work please post here the complete log file where the error occurs and I will know for sure what it is going on.
I suggest you to use the EA on only one chart until you completely understand how it works.
Attached File(s)
File Type: doc #6 Screen Shot.doc   165 KB | 397 downloads
  • #3,560
  • Sep 1, 2010 12:59pm Sep 1, 2010 12:59pm
Asasa, Here is a strange problem with the EA. It is putting on trades ok, but all of a sudden the EA restarts itself and any trades that are currently open on the chart where the EA restarted gets closed out without ever finishing the trade. This has happened twice that I know of, it might have happened earlier, and each trade had a loss. I have included the two charts and the two logs so you can look at them. If you look at each log you can see where the EA restarted and if you look at the chart, where the EA is writing, you can see where the EA had opened the positions. I hope this information helps!!

-Faith Trader
Attached File(s)
File Type: doc #7 Screen Shot.doc   612 KB | 526 downloads
0 traders viewing now