MARI - My Automated Revenue Invention EA

I am using the setup of v2 on the H1 and v3 for small pairs on the m5.I have lots set to 10 and presently this morning I have 10 trades on the usd cad.

Hey guys .. in the MARI setup can we set the amount of pips to be used when MARI attempts to move the stop? For instance with my broker the AUD/USD minimum is 00005.0 .... Is this value settable in MARI and if so where? Setting this would prevent the ERROR I get when MARI trys to move the stop. Thanks All.

Should be able to adjust the stops in the Trailing Stop section of variables. The number of pips in the TS will vary from currency pair to currency pair. Some of mine are 10 some are 50. IMO this is how the crim brokers keep us from scalpipng with tight stops and small profit targets. You should know that due to minute by minute fluctuations within the market that it is not unusual to get some stop movement errors, especially when you are trying to hug profits.

Would you know what the verbage would be for the settings? I have looked at them but couldn't really decide which ones would be the correct ones to edit.

I have tried MARI EA V.3 during last week (from Monday December 13 to last Friday) with default parameters of TallCoolOne. Datas:

Broker: ROBOFOREX
Lot: 0.01
Demo Account 10 K$
10 Currencies.
Benefits Closed Trades: +933 $
Opened Trades: Over 100
Benefits Open Trades: -1,328 $

I will trie the modification of EasyRider this week with his default parameters over the same 10 currencies.

Greetings.

JdD

I have been working with V3.0a mod by EasyRyder and in backtesting it looks pretty good. Have it on a demo account but it hasn't taken a trade in the last 10 days. Market is a little choppy so maybe it's doing a good job keeping me out.

Anyone have any additional results or info to post?

Hello ej5 -- hope you are doing well. I have been concentrating on my manual trading, and have not spent any time on the MARI EA in a couple of weeks. If I make some time after the first of the year, I will modify my version of the EA to include an option to add positions only when in profit. Please give some thought regarding a set of rules for implementing this option. Two or more heads are better than one -- that is why we are still on this thread.
I have become disappointed in TallCoolOne. If you start a thread, you have an obligation to service it or tell people you are going to other things. I do not want to pre-judge him, perhaps he is working hard on a revised solution. But at the moment, he might be tall, I do not know, but he sure as hell is not cool.

ER, I tend to agree, we have been holding off with making mods to the bot so as to not hijack the thread. It would be great if TCO would just check in to continue the thread or turn it loose to those wanting to participate. He started a good thing. Maybe he is wealthy now and forgot about us.

I like the idea of only adding to a position when the signals align again and we are 20-50 pips in the money. Getting in several more times on repeat signals is ok as long as we are moving into th money each time. The bigger my position gets, the tighter I like my stop to move up to prevent an avalanch should they all reverse at the same time.

ej5, I wonder why we need the 'TradeLotMultiplier'? If we are not going to add an additional position until the existing position(s) is/are up a significant number of pips (say 20), then it makes no sense to me to increase the lot size since every added position is opened at an ever greater risk of a reversal. And we wll never have more than a handful of positions opened, assuming we are on a 5m chart. 100 to 150 pips is the most we will ever see on a 5m chart.

I am inclined to add an external parameter 'PipsToAddPosition'. After every increment of PipsToAddPosition, a new position would be opened. If PipsToAddPosition = 20, and MaxTrades = 3, than no positions can be added after a move of 60 pips. If, on the other hand, PipsToOpenPosition = 5, and MaxTrades = 5, then at 25 pips profit we would have five positions opened. Given this strategy, I see no need for the TradeLotMultiplier and am inclined to remove the logic unless someone convinces me otherwise.

I agree in that I do not see the need for the multiplier. I also agree that the max trades, and pips to new trade need to be user entered parameters. As you indicate that 20 pips might be a lot on M5 charts but not appropriate for higher time frames should someone decide to do so. It might also be that we use a different pips to add trade for various currency pairs dependant on their volatility and noise in a day.

Another thing that really needs to be done is TMA Centered needs to be brought inside the EA. The only way this EA is going to be optimized is to be able to effectively backtest it. I am not convinced that bringing TMA inside the EA code will accomplish that objective, but it is worth a try. I will take a shot at doing that, although it might be above my pay-grade.

My experience has been that writing the indicator directly into the EA speeds up the EA considerably. Otherwise the EA has to load and unload it each time which is where it eats tons of time. SH and NB will usually write the indicators into the EA eventually once they are nearing the final stages to speed it up and reduce resource usage. I have seen this make a big difference. I agree, the way the EA sits right now it is very difficult to run significant backtests on to see if it is truly profitable. I do have it on forward testing but it trades so little with the additional filter (at least recently anyway) that it will take some time for it to prove itself this way as well.

I am in the same boat as well. I have a forex program that lets me construct crude EAs for idea testing but it is not flexible enough to import other EAs and requires some detailed indicator knowledge to add them to the program. I am a picture click programmer at best.

hello just wanna ask bout using this EA .
i allredy follow all step, but i can use this EA ..
where i can find setting to use this MARI EA?
and how to automated MARI its self.. thnks

Settings for EA are pretty much out of the box.

However, with the way the EA currently trades it is about a break even bot. Has a nice string of winners only to be axed back to reality with a string of big losers. Discussions are on going as to how to add an additional filter to reduce losers, and step functions to prevent throwing more trades at already losing positions.

The EA you simply copy to your experts folder. Restart your platform. Drag the EA to your chart, click on all the live trading boxes and you're done. Should have a smiley face in the right hand corner of the chart that tells you it is working.

in what condition this EA will open trades its self?
thanks .. really apreciate your help

After placing on chart and smiley face appears in upper right corner the bot is on its own for you to watch. It will open the trades and close them on it's own however never leave a bot to run on its own. If you trust a piece of software to be careful with your money, you might as well just send it to me for safe keeping. I would never run a bot on a live account until you get a feel for it and know what it is going to do.

If you want to know the conditions the bot uses you need to read post one. On most of the forums the most up to date version and method is usually kept there.

just suggestion from newbie trader

could we include the protect profit method in this ea

TCO definitely ditched us. Makes me kind of annoyed mad that he just used us a guinea pigs and then when he possibly found a somewhat better solution version to not post it but just bail.

Seems as though our date left us at the prom with no ride home.

Shame as the bot is close to being something good. My problem is I'm not much of a coder so I'm more of just a paper weight at this time. If anyone can make any of the updates to the EA that have been discussed in the thread I would be happy to try them out on both demo and my live penny account.

ej

how health your acc now ......