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NH4 Dashboard v2

  • #481
  • Sep 16, 2010 7:37pm Sep 16, 2010 7:37pm
Quoting greven
Umm, so I really don't understand how to let the trailing stop follow price by 10 pips.
@25 pips there was no SL set, cause i set the BE to 25 when the price hit 35.
So when i'm at 35, be is set at 25.
Then I expected the trailing stop to follow the price every two pips, so @37, sl should be 27, at 39 sl should be 29 and so on.
Instead it doesn't work and i'm crashing my head on the wall trying to find a correct setup to have a good follower stop loss.

Here is your setup:
TP.Mode = 0
TPallmode.BEpips = 0
TPmode0.TakeProfit1=35
TPmode0.Lots1r = 0
TPmode0.TakeProfit2=200 (or more if you want, we will enable trailing anyway)
TPmode0.Lots2r=100

TS_Mode = 1
TS_StartAtTPLevel=1
TS_SetBreakEvenAt = 35
TS_LockPips=25
TSmode1.TrailingStop=10
TSmode1.TrailingStep=2

Have fun!

Mart
  • #482
  • Sep 16, 2010 8:53pm Sep 16, 2010 8:53pm
Quoting bluemele
Mart,

Something strange happened my way. Went long on EURCHF!

I don't recall the EA used, but I believe I had a #2 or #5 on.

Why did it go long at the purple line??

--- Good for me, it was up 15 pips when I discovered it!
After analysis the log, I think I have found what cause the problem.
It's related to the SIXTH indi not being totally loaded. Value of sixth lines are all 0 or undefined. A maximised chart can cause the problem too. I have added a check in the code to avoid this situation. Version 3.0...

Cheers,

Mart
  • #483
  • Sep 16, 2010 9:26pm Sep 16, 2010 9:26pm
Quoting Zr-fx
Dear Martin

The only aspect of this wonderful panel I am struggling with is the TP and TSL setting. I think others are having similar issues.

The USDJPY spike gives us a great case for this. I moved nearly 170 pips until I closed manually.

From the logs we have the following:

2010.09.14 13:31:21 '858365': order was opened : #17986456 buy 0.01 USDJPY at 83.399 sl: 0.000 tp: 0.000
2010.09.15 02:38:25 '858365': order #17986456 buy 0.01 USDJPY at 83.399 was modified -> sl: 83.699 tp: 0.000
2010.09.15 06:53:38 '858365': order #17986456 buy 0.01...
Hi Zaid,

Ok I check your settings and everything is fine with it. I even try them on a demo account (in backtest) and the price trail correctly. Anyway, my system trail without problem live too.

The only problem I can see for now is that the minimum SL distance your broker accept from market price is at least or more than 10 pips (is it possible?). If it's the case, try with a TrailingStep of 15 or 20 pips to see.
Some brokers (or criminals if you prefer ) don't let you place a SL too near the current market order.

I did some change in my code to avoid this check and instead, I log the error in journal coming from MT4. This way it will be easier to debug this situation and detect what is the problem. Version 3.0...

Mart
  • #484
  • Sep 16, 2010 11:05pm Sep 16, 2010 11:05pm
Quoting phover
After analysis the log, I think I have found what cause the problem.
It's related to the SIXTH indi not being totally loaded. Value of sixth lines are all 0 or undefined. A maximised chart can cause the problem too. I have added a check in the code to avoid this situation. Version 3.0...

Cheers,

Mart
Cool. Yah, it has happened a couple of times with orders being entered when the conditions were not meant. I just assumed it was me etc.. Cool.

You are a world class software engineer!
We are our own best indicator.
  • #485
  • Sep 16, 2010 11:10pm Sep 16, 2010 11:10pm
Quoting seller9
Just love your DashBoard and with Bobs system it is working just great. I was short some of the Yen pairs yesterday but last night I decided it looked like they may turn back up, so as long as I was in profit I took my money to play another day. Below is what I have been doing on a small live account over the last 2 weeks when I started using the DB. Bob's H4 system makes it possible to work a day job and still play the forex market. I did have one L2 on one of them (forgot which one) but I hung in there and it came back, I think it was one of the...
You can sign up for a myfxbook.com account and show your account stats on your sig so we can all keep caught up?
We are our own best indicator.
  • #486
  • Sep 17, 2010 1:17am Sep 17, 2010 1:17am
Quoting phover
Hi Zaid,

Ok I check your settings and everything is fine with it. I even try them on a demo account (in backtest) and the price trail correctly. Anyway, my system trail without problem live too.

The only problem I can see for now is that the minimum SL distance your broker accept from market price is at least or more than 10 pips (is it possible?). If it's the case, try with a TrailingStep of 15 or 20 pips to see.
Some brokers (or criminals if you prefer ) don't let you place a SL too near the current market order.

I did some change in...
Thanks Mart. I will try this.

You said you back tested this? Do you mean using the Strategy Tester? Becuase I did not think it was possible to use the Strategy Tester here since it is not a stand-alone EA.
  • #487
  • Sep 17, 2010 1:22am Sep 17, 2010 1:22am
Quoting phover
The only problem I can see for now is that the minimum SL distance your broker accept from market price is at least or more than 10 pips (is it possible?). .....
I just checked this. It seems the minimum SL distance is different for each pair. Some is 2 pips, e.g. EURUSD, one is 12 pips, AUDNZD!!

Should not be a problem as I do not want it closer than 20.

Thanks again for the help.

Z
  • #488
  • Sep 17, 2010 3:21am Sep 17, 2010 3:21am
Hi Mart,

I think it would be a good idea to have an optional hedge feature in the coming version...just in case of very bad news to protect the capital and "freeze" your DD.

In the main thread Bob also explains that he sees hedging as a must in his system:

Yes I thinking hedging is going to be an absolute must with my system. (Bob)

Just an idea...

Regards,
Oliver
  • #489
  • Sep 17, 2010 3:57am Sep 17, 2010 3:57am
Quoting phover
Here is your setup:
TP.Mode = 0
TPallmode.BEpips = 0
TPmode0.TakeProfit1=35
TPmode0.Lots1r = 0
TPmode0.TakeProfit2=200 (or more if you want, we will enable trailing anyway)
TPmode0.Lots2r=100

TS_Mode = 1
TS_StartAtTPLevel=1
TS_SetBreakEvenAt = 35
TS_LockPips=25
TSmode1.TrailingStop=10
TSmode1.TrailingStep=2

Have fun!

Mart
Epic!
  • #490
  • Sep 17, 2010 8:27am Sep 17, 2010 8:27am
I will have to pick up some new settings then as I didn't know you could do what you are posting on the SL! Thanks!
We are our own best indicator.
  • #491
  • Sep 17, 2010 8:54am Sep 17, 2010 8:54am
Quoting Olarion1975
Hi Mart,

I think it would be a good idea to have an optional hedge feature in the coming version...just in case of very bad news to protect the capital and "freeze" your DD.

In the main thread Bob also explains that he sees hedging as a must in his system:

Yes I thinking hedging is going to be an absolute must with my system. (Bob)

Just an idea...

Regards,
Oliver
I'll wait Bob info about that.

But yes it's a good idea.

Mart
  • #492
  • Sep 17, 2010 8:59am Sep 17, 2010 8:59am
Quoting Zr-fx
Thanks Mart. I will try this.

You said you back tested this? Do you mean using the Strategy Tester? Becuase I did not think it was possible to use the Strategy Tester here since it is not a stand-alone EA.
Yes with strategy tester

I use the same BE/trailing/Level Takeprofit functions in a lot of EA I have coded, then making it easy to test.

Mart
  • #493
  • Sep 17, 2010 9:12am Sep 17, 2010 9:12am
Quoting seller9
...I was short some of the Yen pairs yesterday but last night I decided it looked like they may turn back up, so as long as I was in profit I took my money to play another day.
Great results! Managing recovery trades becomes a second nature after a while

Quote
The DashBoard is a nice piece of programing, I didn't realize you could tie into MT4 like that.
It's not really "tie". In fact, i'm talking with an EA (the manager) using a file protocol exchange. Nothing complicated. I would have prefer to use DDE (Dynamic Data Exchange) to talk with MT4 but my experience using it hasn't been so concluant and because my intention was to offer the panel to the forex community, then sometime KISS is the best

Thanks

Mart
  • #494
  • Sep 17, 2010 9:20am Sep 17, 2010 9:20am
Quoting phover
Yes with strategy tester

I use the same BE/trailing/Level Takeprofit functions in a lot of EA I have coded, then making it easy to test.

Mart
Mart,

What settings are those? Set file you would like to share?

We are our own best indicator.
  • #495
  • Sep 17, 2010 9:24am Sep 17, 2010 9:24am
Mart,

Without getting too complicated.

Is there a way to set the trailing/jumping stop to x when the Stoch 7/3/3 hits let's say the 15% when you are going short?

I don't believe so... Right?
We are our own best indicator.
  • #496
  • Sep 17, 2010 9:25am Sep 17, 2010 9:25am
Quoting bluemele
Mart,

What settings are those? Set file you would like to share?

It's a set file Zr-fx sent me a couple of days ago about his settings:
http://www.forexfactory.com/showpost...&postcount=444

Mart
  • #497
  • Sep 17, 2010 9:48am Sep 17, 2010 9:48am
Quoting bluemele
Mart,

Without getting too complicated.

Is there a way to set the trailing/jumping stop to x when the Stoch 7/3/3 hits let's say the 15% when you are going short?

I don't believe so... Right?
You mean set the trailstop value to a specific value when sto733 cross a 15/85 level? It's doable. Won't do it for v3 cause I'm near to release it but I took a note for a futur update

Mart
  • #498
  • Sep 17, 2010 11:29am Sep 17, 2010 11:29am
Quoting phover
You mean set the trailstop value to a specific value when sto733 cross a 15/85 level? It's doable. Won't do it for v3 cause I'm near to release it but I took a note for a futur update

Mart
Yah, I figured it wasn't in there. I was trying to figure it out. I don't like trouncing through your code as it is quite complex!

I may have a question for you about TP's as well as I think I am going to mix it up some. Will play with it this weekend to see..

Have a nice weekend everyone and thank you again Mart for your wonderful interface. It is a life changer.
We are our own best indicator.
  • #499
  • Sep 17, 2010 12:35pm Sep 17, 2010 12:35pm
Mart,

Why you are coming up with things to put on your list.... Just an idea that has worked well.

This is a dynamic % based Trailing Stop.

http://www.forexfactory.com/showpost.php?p=4022623

You put in once it reaches a certain level to trail by a % of gain. I love it. I believe in Fib's, so if you do, then most retraces do not go past the 61%, and if they do they either go to 76% or change of direction. So, putting in a trail to miss that 61 retrace is good too.

Just an idea....

I was thinking too, it may be good to put together a document that explains the trailing stops/starts etc... I think that is the most complicated option with this program and in my opinion a big difference between a profitable trader and a REALLY PROFITABLE TRADER!

haha...

Not that I am needing it, but thought it would eliminate some questions.

Aloha!
We are our own best indicator.
  • #500
  • Sep 17, 2010 12:49pm Sep 17, 2010 12:49pm
Quoting phover
It's a set file Zr-fx sent me a couple of days ago about his settings:
http://www.forexfactory.com/showpost...&postcount=444

Mart
Mart

I want to say a very heart-felt thank you. Your help with getting the TSL working has been among the main reasons for me just today bagging more than 300 pips. It is working beautifully. I set the parameters and setup a few trades and went to lunch. Coming back I found a few pairs trailing like magic or have actually closed:

AUDCHF 55.7 pips
USDCAD 87.5
EURCHF 61.5
GBPUSD 45.3
EURNZD 51.7

For the benefit of everyone the file is attached. It is set as follows:

At 40 pips set SL to +30
Then trail by 20 pips, 2pip steps
TakeProfit 150 pips

I had to change the file extension to .txt becuase the original is getting blocked. So you need it to change it back to .nh4set (change from TSLSet40-30-30.txt to TSLSet40-30-30.nh4set)


Many thanks Mart.
Attached File(s)
File Type: txt TSLSet40-30-30.txt   2 KB | 347 downloads
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