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Basket 14 EA System

  • #121
  • Sep 8, 2010 2:02pm Sep 8, 2010 2:02pm
I have been reading this thread with great interest and believe in the theory behind the logic.

I am willing to put this on a small, live account for forward testing.

I currently have $1,503.91 in a live mini account with IBFX with 100:1 leverage.

I modified the "MaxMarginToUse to 2.0" as suggested in MetaCoders first post. All other inputs left at default.

When the Basket14-03 opened, it opened all 7 buy orders. It opened each buy with 2.0 lots. However, it could not open any of the sell orders.

My trade journal says :
2010.09.08 11:20:22 '34175': order sell 2.00 EURCHFm opening at 0.00000 sl: 0.00000 tp: 0.00000 failed [Not enough money]

I also received this message for all the other sell attempts.

It seems to me that the EA is attempting to open too large of a lot size for the account equity size?

Again, the only thing I modified in the user inputs was the ""MaxMarginToUse to 2.0" as suggested by Metacoder on the first post.

The default lot size in the EA is set at ".1" It makes me think I should change that user input to ".01"?

Any assistance with this is greatly appreciated as once I get the EA trading properly on my live mini account, I will report back with some results.

Thanks for any assistance and great idea Metacoder!
  • #122
  • Sep 8, 2010 2:24pm Sep 8, 2010 2:24pm
Quoting islandtrader41
I have been reading this thread with great interest and believe in the theory behind the logic.

I am willing to put this on a small, live account for forward testing....
Your settings seem right but make sure the EA is identifying your account as a mini account.
The correct lot size should be 0.20 or 0.25... something like that, not 2.00

Other than that, I wouldn't have a clue.

(I did test it on account that the EA would not work on because it identified the account as a standard account, which it was not).
  • #123
  • Edited 2:51pm Sep 8, 2010 2:41pm | Edited 2:51pm
2.0 lots is not consistent with MaxMarginToUse set at 2.0 and a mini account that has $1,503.91. Sounds like the account is probably a standard account, not a mini.

Changing the default lot size from 0.1 to 0.01 will have no effect; that setting is an artifact from ancient EAs, sorry for the confusion.

The EA will work on a standard account, by the way.

Note that versions 02 and 03 put the burden on the user to make sure they're running the EA on an account with a big enough balance for the account type, whereas version 01 bails out if the balance isn't big enough for the account type.

I always recommend first running the EA on a demo account with the exact balance, leverage level and account type as the live account you want to run it on. This will help avoid surprises and should be more than worth the extra effort.

If more people start trading these live, I'll do my best to identify the most common issues encountered and build safeguards and reminders into the EA.
Open to new approaches.
  • #124
  • Sep 8, 2010 2:42pm Sep 8, 2010 2:42pm
Quoting junglist0000
can this ea work with other eas or will be a problem with balance/equity calculation?
Please do not run this EA with other EAs and PLEASE read my FAQ.

http://www.forexfactory.com/showthread.php?t=252690
Open to new approaches.
  • #125
  • Sep 8, 2010 3:19pm Sep 8, 2010 3:19pm
Quoting packgreen49
Hi,
I am using the latest version. I have everthing set to the defaults. The little guy is smiling. I am not getting any trades. It has been running for a good 12 hours on the m15 tf. Any ideas?
Ron
Make sure all pairs are listed in Market Watch. If nothing else, delete and reinstall. He should take trades immediately.
  • #126
  • Sep 8, 2010 3:32pm Sep 8, 2010 3:32pm
Quoting islandtrader41
I have been reading this thread with great interest and believe in the theory behind the logic.

I am willing to put this on a small, live account for forward testing....
I have mine on an IBFX mini demo acct with 3000$. 100 leverage. All default. No problem.
  • #127
  • Sep 8, 2010 3:39pm Sep 8, 2010 3:39pm
Quoting MetaCoder
2.0 lots is not consistent with MaxMarginToUse set at 2.0 and a mini account that has $1,503.91. Sounds like the account is probably a standard account, not a mini.
Metacoder,

I have just confirmed with IBFX that my account is a mini account and not a standard account.

I do know that IBFX uses an "m" designation after their currency pairs for identification. For example, the euro is identified as EURUSDm. Could that be cause for confusion between the EA and the mini account?

I agree with your suggestion of using a demo account to avoid any suprises. However, this is a real bug that is happening now on a real live mini account.

I would love to continue to forward test this on my live mini account. Is there any chance you could reveiw the code to see what could be causing this discrepancy? I have no experience or knowledge of coding and would be greatful for your further assistance!
  • #128
  • Sep 8, 2010 3:42pm Sep 8, 2010 3:42pm
Quoting sanyhuis
I have mine on an IBFX mini demo acct with 3000$. 100 leverage. All default. No problem.
Sanyhuis,

According to Metacoders first post, you need to alter the "MaxMarginToUse to 2.0" with a 100:1 leverage account.

Are you saying that you have not changed this user input and the EA is trading appropriately for you?
  • #129
  • Sep 8, 2010 3:45pm Sep 8, 2010 3:45pm
Quoting islandtrader41
I do know that IBFX uses an "m" designation after their currency pairs for identification. For example, the euro is identified as EURUSDm. Could that be cause for confusion between the EA and the mini account?
No, the 'm' appendment is 100% known, understood and handled. The EAs handle any kind of mangling of the standard currency symbol strings, and are especially known to work on IBFX accounts.
Open to new approaches.
  • #130
  • Sep 8, 2010 3:48pm Sep 8, 2010 3:48pm
Quoting islandtrader41
Is there any chance you could reveiw the code to see what could be causing this discrepancy?
A very large number of hours went into making these EAs robust and correct. They work for others rock-solid and your problem appears to be unique.

The problem almost certainly lies not in the EA's source code, but in some aspect of your MetaTrader client configuration.

If I were there with you and could see your setup, I could probably fix your problem very quickly, but alas I am not.
Open to new approaches.
  • #131
  • Sep 8, 2010 3:53pm Sep 8, 2010 3:53pm
islandtrader41,

Can you upload a copy of the exact source code (mq4 file) you are using?

And if you can, a screen snapshot of the chart you have the EA attached to, showing all of the EA's comments?

Screen snapshots are accomplished via Ctl-PrtScn or Alt-PrtScn, then open Paint and Ctl-V (paste) into Paint, then save, then upload.
Open to new approaches.
  • #132
  • Edited 4:03pm Sep 8, 2010 3:59pm | Edited 4:03pm
I am running version 02 live on an IBFX mini acct with a balance of about $760. Using default settings, max margin set to 1. The EA is taking trades at a size of .08 which is $0.08 per pip.

One set of trades closed after about 27 hours with a profit of slightly less than 1%. It immediately opened another basket about 13 hours ago.

The first basket trimmed and reversed one trade, the second trimmed and reversed twice so far. As I type this, it is up about $2.40.

This is the closest thing to a set and forget system that I've seen.

Thanks Metacoder,

Bubba
  • #133
  • Sep 8, 2010 4:09pm Sep 8, 2010 4:09pm
Quoting MetaCoder
islandtrader41,

Can you upload a copy of the exact source code (mq4 file) you are using?

And if you can, a screen snapshot of the chart you have the EA attached to, showing all of the EA's comments?

Screen snapshots are accomplished via Ctl-PrtScn or Alt-PrtScn, then open Paint and Ctl-V (paste) into Paint, then save, then upload.
MetaCoder,

The mq4 source code that I am using was downloaded from your very first post just a few hours ago.

Attached is a screen shot of my MT4 with journal included.

Of note....Balance and Equity are accurate. However, the last flat balance and last flat equity are both showing $100,000.

That is incorrect and possibly the cause of it opening such large lots?

Why would this be happening and how can I correct that?
Attached Image (click to enlarge)
Click to Enlarge Name: basket 14-03.gif Size: 85 KB
  • #134
  • Sep 8, 2010 4:11pm Sep 8, 2010 4:11pm
Hello Metatrader,

Your system is one of kind i could say...
However, i'd like to run it on one of my live accounts, the smallest one, that i don't really trust any more for any recovery.
My live account that i'd like to run this EA is 100 $. Witch would be the settings for this kind of account?
I'd really really apreciate an answer, so that i don't screw the little money that are left on that account.

Thanks a lot,
waiting for you answer
  • #135
  • Sep 8, 2010 4:21pm Sep 8, 2010 4:21pm
Quoting islandtrader41
Of note....Balance and Equity are accurate. However, the last flat balance and last flat equity are both showing $100,000.

That is incorrect and possibly the cause of it opening such large lots?
You have found the root cause of your problem. Probably those values are left over from running the EA on a previous account.

Close your chart which will stop the EA.

Hit F3 and and edit the global variables so that last flat balance and last flat equity are what they were before you started the EA, then close that window.

Repoen a chart and reattach the EA. Then you should see correct last flat balance/equity on your screen comments.
Open to new approaches.
  • #136
  • Sep 8, 2010 4:22pm Sep 8, 2010 4:22pm
catalin_tm, the EA will use the smallest lot size available with your broker to trade your account. $100 is a very small amount to trade any strategy. I wish you the best luck in any case.
Open to new approaches.
  • #137
  • Sep 8, 2010 4:24pm Sep 8, 2010 4:24pm
between switching acct; it's a safe thing to closed down chart that has the EA attached to, and still have trades active. This procedure should not be overlook while using this or other EA's.

Think of it as switching driver while driving long distant, u must first stop the car to do so(close the chart)
  • #138
  • Sep 8, 2010 4:27pm Sep 8, 2010 4:27pm
I don't quite understand your question, getting. EDIT: I guess it wasn't a question, party on! I like your link showing your trades!
Open to new approaches.
  • #139
  • Sep 8, 2010 4:30pm Sep 8, 2010 4:30pm
Am I the only one that likes the Basket_01 better than 04?
I have started the 2 versions this Sunday at the same time.
01 closed first basket at 1% profit, opened a second one.

The 04 is still running the first basket at balance loss.

I had simmilar result last week.
  • #140
  • Sep 8, 2010 4:33pm Sep 8, 2010 4:33pm
Sorry, I mean basket 03, not 04 in the previous post.
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