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A Simple London Breakout V.2

  • #961
  • Dec 22, 2010 4:33am Dec 22, 2010 4:33am
hi guys just a lil tot on EA, well from the lil i know i believe virtual servers are available for use for people who have to keep their EA's running on. I have once used a virtual server for a robot but the experience has given me phobia for any EA. So if u have to turn on your pc just Google for a good vps and pick ur best choice, and ur EA runs on but search for a good one then i guess i'll be seeing u@the bank after the brkout.
  • #962
  • Dec 22, 2010 9:26am Dec 22, 2010 9:26am
Quoting jacenty
Could anyone please explain me precisely how does the MaxRisk work with this EA? I put LotSize 0.1 and MaxRisk 5% (just for my own use) and still my orders are opened with 0.1 Lot. Even that my account is much bigger... I don't understand that.
Have you read the book Jacenty? It should all be in the book.
  • #963
  • Dec 22, 2010 9:59am Dec 22, 2010 9:59am
Quoting Bert505
Don't know Jacenty.
Perhaps Phreddy knows and, as Creators/Gurus/Fathers of this EA are still fishing/fiestas in Bahamas, we are a bit blind.
Ideas : can you increase lots to 0.2, 0.3, 0.4.... ??? If so forget about Max Risk ! And increase manually your lots : yes I know not beautifull but... simple !
My 2 c
The creators are not off on their holidays, I often see Mer is looking at this thread.

What they are not doing is not answering silly questions for people who cannot be bothered to think for themselves, read the documentation or the thread.

Your answer above about Risk vs lot size shows that you thought about it and if it was your own problem you would have tried using one or the other and seeing how it worked.

I watch this thread because I am hoping that someone will come up with the answer of making a small SL instead of the whole range otherwise I wouldn't be here.

The EA is completed. It works on any chart that might have breakouts. One may use it as a simple 3 or 5 trade maker and manager or even a single trade. It can be used with three (I think) martingale options. To the best of my knowledge that is. BUT...people have to read about it not just put it on a chart and hope for the best.

I am anticipating going live with it next year, when the holidays are out of the way. I will also be babysitting it since it cannot think for its self.
  • #964
  • Dec 22, 2010 2:55pm Dec 22, 2010 2:55pm
Quoting Phreddy
Have you read the book Jacenty? It should all be in the book.
I have read the book, searched the thread, tried on demo account and real account... MaxRisk doesn't work for me.
  • #965
  • Dec 22, 2010 6:32pm Dec 22, 2010 6:32pm
Quoting jacenty
I have read the book, searched the thread, tried on demo account and real account... MaxRisk doesn't work for me.
Did you try 'Max' on and 'lots' off?
  • #966
  • Dec 23, 2010 9:12pm Dec 23, 2010 9:12pm
I saw there is BO 80pips maximum! Can i know what does that mean? Am i right to say do not enter trade if the BO maximum occurs? And what are the best currencies? Do i have to enter immediately the buy/sell pending orders after 0900hrs? Or I have to wait the candle closed above or lower the pending orders? Please help and answer. Thank you very much.
  • #967
  • Dec 24, 2010 8:46am Dec 24, 2010 8:46am
Quoting masurisantos
I saw there is BO 80pips maximum! Can i know what does that mean? Am i right to say do not enter trade if the BO maximum occurs? And what are the best currencies? Do i have to enter immediately the buy/sell pending orders after 0900hrs? Or I have to wait the candle closed above or lower the pending orders? Please help and answer. Thank you very much.
Yes,you are right,when the box is bigger then 80p you dont enter a trade.You dont need to place orders manualy because EA doing that automaticaly,just enter your setting for the EA and leave it running,that is all you should do.
Best currencies...I dont know,someone with bigger experience will tell you that,but I suppose that combination of 8 major currencies is the best.
Hope I help you,cheers
  • #968
  • Dec 24, 2010 6:23pm Dec 24, 2010 6:23pm
Merry Christmas to all traders that contributed to this forum..
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  • #969
  • Dec 26, 2010 6:56am Dec 26, 2010 6:56am
for eu try 14:00 to 15:29 (pre US session...) Alpari Uk time .. = GMT+1
play with tp factor ( 0.5, 1.0 etc...)
max box size not very important..
  • #970
  • Dec 26, 2010 2:13pm Dec 26, 2010 2:13pm
Is there any possibility in this EA to open only one trade instead of three?
  • #971
  • Dec 26, 2010 4:34pm Dec 26, 2010 4:34pm
Quoting jacenty
Is there any possibility in this EA to open only one trade instead of three?
Yes
  • #972
  • Dec 26, 2010 4:38pm Dec 26, 2010 4:38pm
Quoting jacenty
Is there any possibility in this EA to open only one trade instead of three?
just put
tp factor 3=0 and
tp factor 5=0 and that's it,only 1 trade will be opened
  • #973
  • Dec 27, 2010 3:42am Dec 27, 2010 3:42am
Quoting masterdeki
Yes,you are right,when the box is bigger then 80p you dont enter a trade.You dont need to place orders manualy because EA doing that automaticaly,just enter your setting for the EA and leave it running,that is all you should do.
Best currencies...I dont know,someone with bigger experience will tell you that,but I suppose that combination of 8 major currencies is the best.
Hope I help you,cheers
Hi, thank you very much for the advise. Do you have the EA? Can forward me the attachment thru email at [email protected]? Or thru this forum? So, i shud on the EA around what time to what time? Is it at 7am to 9am? Thanks!
  • #974
  • Dec 27, 2010 8:48am Dec 27, 2010 8:48am
Quoting masurisantos
Hi, thank you very much for the advise. Do you have the EA? Can forward me the attachment thru email at [email protected]? Or thru this forum? So, i shud on the EA around what time to what time? Is it at 7am to 9am? Thanks!
You hawe the EA on the page 1 of this thread,and times depends of yours and brokers time zone.Read post #433 on this thread to see how to set time.
  • #975
  • Dec 27, 2010 4:02pm Dec 27, 2010 4:02pm
Quoting Phreddy
Did you try 'Max' on and 'lots' off?
What do you mean - on and off? To change that in mq4 code?
  • #976
  • Dec 27, 2010 8:45pm Dec 27, 2010 8:45pm
hi all, I just starting using the EA price hit the first target it moved to BE + 1 but the system didnt scale out of 1 lot like it should have any thought or suggestions on this? im trading the 0.01 lot level default and i have the netting option enabled as well.. using alpari us mt4

Thanks.
  • #977
  • Dec 30, 2010 7:45am Dec 30, 2010 7:45am
Quoting enoc2g
hi all, I just starting using the EA price hit the first target it moved to BE + 1 but the system didnt scale out of 1 lot like it should have any thought or suggestions on this? im trading the 0.01 lot level default and i have the netting option enabled as well.. using alpari us mt4

Thanks.
I see you have similar problam as I have. The issue is that 'MaxRisk' option doesn't work. That's it. I don't know if anyone else uses this option to share their opinion, but I use it and it doesn't work for me.
Could anyone please tell us what to do with that? Is there any programming master?
  • #978
  • Dec 30, 2010 8:20am Dec 30, 2010 8:20am
Quoting jacenty
What do you mean - on and off? To change that in mq4 code?
I just use lots so set to 0.1

I assume that you can apply 'max' or not.

I would have to read the book to find the answer.
  • #979
  • Dec 30, 2010 8:27am Dec 30, 2010 8:27am
Quoting Phreddy
...I would have to read the book to find the answer.
I read the book again, looks quite straight forward to me.

Copy the relevent piece onto a reply and tell me how you interpret it. We will discuss it here.
  • #980
  • Dec 30, 2010 11:16am Dec 30, 2010 11:16am
Quote from the book:
MaxRisk = 0;
Risk management:
MaxRisk is used only when not using the Martingale options;
It is the percentage of the account free margin that will be used to compute the size of the open orders depending on the stoploss level;
if MaxRisk is 0, then the size of open orders will be "Lot";

So,if you set AutoMartingale=true you can't use MaxRisk option
Is there any error in the journal?
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