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Chamunda's MultiCurrency Strategy

  • #21
  • Oct 5, 2010 8:51am Oct 5, 2010 8:51am
Quoting moksha
It puts one trade and then I get an "order send error
[IMG]file:///C:/Users/mj/AppData/Local/Temp/moz-screenshot-5.png[/IMG][IMG]file:///C:/Users/mj/AppData/Local/Temp/moz-screenshot-6.png[/IMG]
I haven't faced such error yet but still I will check it out..
  • #22
  • Oct 5, 2010 8:52am Oct 5, 2010 8:52am
Quoting vikasone23
Sir, EA closes all trades in basket when take profit level hit.
Oh no, I have a ton of trades closed in minus?
  • #23
  • Oct 5, 2010 8:54am Oct 5, 2010 8:54am
Quoting moksha
Hi Vikas
Looks promising but I don;t understand what each variable means and in EA property you have many .. is there a layman's explanation that you can provide?
Need to know what exactly I am doing when using this EA
This Ea will open 3(or 4)buy/sell orders simultaneous as mentioned in first post and will close all these orders when the take profit level hit.
  • #24
  • Oct 5, 2010 8:55am Oct 5, 2010 8:55am
Quoting vikasone23
This Ea will open 3(or 4)buy/sell orders simultaneous as mentioned in first post and will close all these orders when the take profit level hit.
I have ongoing -4 and -2 on 0.10 size
  • #25
  • Oct 5, 2010 8:58am Oct 5, 2010 8:58am
Quoting TriMagic
I have ongoing -4 and -2 on 0.10 size
sometime its very hard to get good result in 3-4hrs. You will get better results if you trade for 1-2days with EA.
  • #26
  • Oct 5, 2010 10:09am Oct 5, 2010 10:09am
Vikasone,

Thanks for the EA. It looks good so far....

Cheers
  • #27
  • Oct 5, 2010 11:15am Oct 5, 2010 11:15am
vikas, during your testing what was the maximum drawdown you found ? any system without a stoploss is asking for trouble however good it is. one freak trade is enuf to blow the account. triggered by news or fate or ...
  • #28
  • Oct 5, 2010 11:52am Oct 5, 2010 11:52am
Roundrock,

You could use a global EA to close all trades and disarm the EA at a specified loss.
It is somewhere here in the FF forum.
  • #29
  • Oct 5, 2010 2:13pm Oct 5, 2010 2:13pm
I don't understand, like for example with no SL, my trades close by itself and not with the 5 pips as profit so something isn't right, how can I test this for only one pair like eurusd, tried clearing other entries but still open trades for other pairs?
  • #30
  • Oct 6, 2010 12:02pm Oct 6, 2010 12:02pm
Re-read post 1 again.
This EA trades multiple currency pairs, not a single pair.
Maybe that's why the EA's name is "MultiCurrency Strategy".
  • #31
  • Oct 6, 2010 12:13pm Oct 6, 2010 12:13pm
Quoting michaelB
Re-read post 1 again.
This EA trades multiple currency pairs, not a single pair.
Maybe that's why the EA's name is "MultiCurrency Strategy".
Excuse me for being blund, I know that but why does this EA not close when the $5 profit is showing? That is my question
  • #32
  • Oct 6, 2010 2:35pm Oct 6, 2010 2:35pm
I have been running this EA successfully for 2 days on a demo account at FXDD. When the ProfitTarget is hit, all open positions are closed, and new positions opened.

My profit target is $5.00 with mini-lots. However, since all open positions are not closed at the same instant, the results may vary. Especially if Price action is heavy.
  • #33
  • Oct 6, 2010 2:44pm Oct 6, 2010 2:44pm
I am also running this EA for 2 days now.
Trading with 0.1 lot, TP $25.
Closed profit $148, open loss -$9.60

  • #34
  • Oct 6, 2010 4:08pm Oct 6, 2010 4:08pm
Pluto2 & Others:

Also getting very good results on FXDD, however firmly believe this is not the Holy Grail, what would cause this EA to spin out of Control? must be a set of circumstances that could cause this?
  • #35
  • Oct 6, 2010 7:23pm Oct 6, 2010 7:23pm
Txsundevil,

I hope that Vikasone will return to share his results and to answer your question. I am asking myself the same question. This is so simple and good. Is it too good to be true? What is the possible flaw?

Hedging and basket trading is very different from the method I am using for my trading. I am still very much learning in this department.

Vikasone, where are you? Thanks for sharing your EA with us.

Cheers
  • #36
  • Oct 6, 2010 9:07pm Oct 6, 2010 9:07pm
Quoting Pluto2
I am also running this EA for 2 days now.
Trading with 0.1 lot, TP $25.
Closed profit $148, open loss -$9.60

Hello Pluto.

Is 0.1 lot = 10 cents per pip or $1 per pip?

May I know what is your equity with relation to this?


Thank you.
  • #37
  • Oct 6, 2010 9:11pm Oct 6, 2010 9:11pm
there is a bug in the EA. as per post 1 for Buy Basket, we need to

buy EURUSD
sell GUPUSD
buy USDCHF
buy USDJPY

but the code says


extern string Sym1="EURUSD";
extern string Sym2="USDCHF";
extern string Sym3="USDJPY";
extern string Sym4="GBPUSD";
extern string Operation1="buy";
extern string Operation2="sell";
extern string Operation3="buy";
extern string Operation4="buy";

so the symbol and operation are not matching. if EURUSD is buy, then GBPUSD must be sell


guys who are testing this EA, did you make this change or doing with original EA. Then the results could be wrong
  • #38
  • Edited 11:03pm Oct 6, 2010 9:50pm | Edited 11:03pm
Quoting roundrock
vikas, during your testing what was the maximum drawdown you found ? any system without a stoploss is asking for trouble however good it is. one freak trade is enuf to blow the account. triggered by news or fate or ...
Hello Sir,
What i observed is drawdown level are depend on take profit amount.. $5 is little bit harsh. So drawdown may be around $70-$60. But still i am working on that department..
Lets hope for better results.
  • #39
  • Oct 6, 2010 9:53pm Oct 6, 2010 9:53pm
Quoting TriMagic
I don't understand, like for example with no SL, my trades close by itself and not with the 5 pips as profit so something isn't right, how can I test this for only one pair like eurusd, tried clearing other entries but still open trades for other pairs?
Pls try this...
Clear other entries.. save settings and restart MT4
  • #40
  • Edited 11:04pm Oct 6, 2010 9:58pm | Edited 11:04pm
Quoting michaelB
I have been running this EA successfully for 2 days on a demo account at FXDD. When the ProfitTarget is hit, all open positions are closed, and new positions opened.

My profit target is $5.00 with mini-lots. However, since all open positions are not closed at the same instant, the results may vary. Especially if Price action is heavy.
Its very true that all open positions should close at a time. Otherwise results may vary. I think it may be because of computer ram or slippage.
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