MT4 creating a long entry even when my EA is off. What's going on? | Forex Factory

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Attachments: MT4 creating a long entry even when my EA is off. What's going on?
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MT4 creating a long entry even when my EA is off. What's going on?

  • #1
  • First Post: Jan 18, 2011 9:00pm Jan 18, 2011 9:00pm
I am currently trading the same EA on 4 pairs. I noticed on one of the pairs there are two green lines. The first green line is where my trade was entered. The second green line is another entry long that is incorrectly placed. I am afraid if price retraces back to that long it will double my position.

So I disabled live trading on that pair, but kept it open on the others. I then deleted the entry long line by double clicking on it and hitting delete. Yet, once price moves a tick then the line gets put back in even though the EA shows

Can someone tell me what is going on? How do I fix this? Am I correct in believing MT4 will enter another trade if price hits that point again?

Thanks for any help,
Matt
  • #2
  • Jan 18, 2011 9:15pm Jan 18, 2011 9:15pm
we would probably need more info......

by no means a sure bet, but usually closing the chart will keep new trades from being opened.....

but again, without knowing more about the ea we can not say for sure......h
to trade and code, keep both simple... no call to impress....h
  • #3
  • Jan 18, 2011 9:27pm Jan 18, 2011 9:27pm
See attached EA.

Let me know if you see anything fishy.

I tried closing the chart and opening a new one. It is still doing the same thing. Except now it's placing the new entry long in a completely new spot below the original entry point. Not sure how it's calculating that entry.

BTW, just noticed it's doing it on 2 currencies now.

Keeping the chart open, but removing the EA does fix the problem. Any clue what's up? Beyond placing another incorrect entry it REALLY bothers me that MT4 would allow it to trade even though live trading is disabled.
Attached File(s)
File Type: mq4 Trend 602.mq4   15 KB | 416 downloads
  • #4
  • Jan 18, 2011 11:46pm Jan 18, 2011 11:46pm
hey matt.... that was coded using one of those zero code programs like sufix core's ..... the heading has been removed but the code style is unmistakeable...... there is some individual code scattered in.....

there is no telling what's up with it.....h
to trade and code, keep both simple... no call to impress....h
  • #5
  • Jan 19, 2011 2:39pm Jan 19, 2011 2:39pm
I'm going to assume you recommend just having someone rewrite it from scratch with coding that works with the new IBFX policies and trading parameters. Any other course of action I can take?
  • #6
  • Jan 19, 2011 3:20pm Jan 19, 2011 3:20pm
Quoting permanentjaun
I'm going to assume you recommend just having someone rewrite it from scratch with coding that works with the new IBFX policies and trading parameters. Any other course of action I can take?
hey matt.... yes , somewhat.....

there are some advantages to ibfx and ecn 2 step method of order placement...... even if ibfx reverted back to the old way, i would still use the 2 step method......


scorpion i believe first coined the phrase 'zerocode' or at least that was the first time i saw it used in 2004......... quite possibly it is he that created the first 'zero code' program..... originally it was intended for those with zero coding abilities to quickly code ea's for free..... it was/is excellent, but limited in scope......

this leads some to cut and paste in functions and such..... it becomes a nightmare.....

others will cut off the 'do not remove' header in a vain attempt to conceal the fact it can primarily from zerocode......

forex is risky enough as is.....h
to trade and code, keep both simple... no call to impress....h
  • #7
  • Jan 19, 2011 4:00pm Jan 19, 2011 4:00pm
You can ask Ronald Raygun about the error... the EA has him listed under the property rights... he is a member of this forum.

Also check the Journal and Experts tabs of the terminal window to see if it EA is throwing out any errors.
  • #8
  • Jan 19, 2011 4:08pm Jan 19, 2011 4:08pm
Quoting Tread
You can ask Ronald Raygun about the error... the EA has him listed under the property rights... he is a member of this forum.

Also check the Journal and Experts tabs of the terminal window to see if it EA is throwing out any errors.
No errors and I have contacted Ronald. He is unsure what's going on. I might just have to find someone to try coding it from scratch. Any takers? Logically it is a VERY simple system. In syntax, I'm not sure. I don't know how to code.
  • #9
  • Jan 19, 2011 5:29pm Jan 19, 2011 5:29pm
are you running your EA on a VPS by chance? some providers VPS's are prone to double sessions. You may have a MT4 terminal running that you are not aware of.

Open task manager, go to the process list and count terminal.exe. the number of running terminal.exe's should match the number of terminals you have open and can see in your task bar or on the screen, etc..

the short solution if it doesn't match is to reboot and log back in, restart your applications.

I hope this helps
BarrySDCA Commercial Network Services
  • #10
  • Jan 19, 2011 5:36pm Jan 19, 2011 5:36pm
I'll post the simple rules again in case someone wants to try.

1. Only one trade per candle. No re-entry until a new candle is formed.
2. EA detects if the candle open is above or below a designated moving average. (Moving average preferably adjustable, but I've been using MA 10 and seem to like it.
3. If the open is above the MA then the EA will only look to make a long trade. If the open is below the MA then the EA will only look to make a short trade.
4. EA places an entry X amount of pips away from the open. This value should be adjustable within the EA.
5. The lot size should obviously be adjustable.
6. Once the trade is triggered there are adjustable settings for the TP and SL.
7. Again, once a trade is triggered it does not make any new trades until a new candle is opened. At that point it goes through the process again of checking the location of the open in relation to the MA. It then places the entry X amount of pips away from the open.
8.

Some additional notes - I trade with IBFX. They are a 5 decimal broker. They also do not allow you to set the TP/SL until after a trade is entered.

I have attached a screen shot of what my current EA settings screen looks like. I'd prefer it looked like this as it is simple and easy to understand. I'm not sure what the signalmail setting is, but I don't touch it.
Attached Image (click to enlarge)
Click to Enlarge Name: EAadjust.jpg Size: 33 KB
  • #11
  • Jan 19, 2011 5:38pm Jan 19, 2011 5:38pm
Quoting BarrySDCA
are you running your EA on a VPS by chance? some providers VPS's are prone to double sessions. You may have a MT4 terminal running that you are not aware of.

Open task manager, go to the process list and count terminal.exe. the number of running terminal.exe's should match the number of terminals you have open and can see in your task bar or on the screen, etc..

the short solution if it doesn't match is to reboot and log back in, restart your applications.

I hope this helps
Nope, only one terminal.exe. I've always run my MT4 session from my computer. Never a VPS.
  • #12
  • Edited 6:06pm Jan 19, 2011 6:02pm | Edited 6:06pm
This doesn't seem to be a logic problem in the code to me unless the code was newly developed or recently changed. You didn't indicate when was the last update made to the code and when did the problem start appearing? Are you sure that the source code does in fact match the executable? You need to recompile to ensure this.

Here is what I would do before considering a rewrite:
1. Remove all EAs from all charts. Indicators can be retained.
2. Shut down MT4.
3. Reboot the machine.
4. Run MT4 for at least 2 days to ensure all EAs are shut down.
5. Recompile the code and attach the EA to one chart.
6. Run for 2 days and ensure that the results make sense.
7. Attach to a second chart and repeat step 6.
8. Resume normal operation.
  • #13
  • Jan 19, 2011 6:07pm Jan 19, 2011 6:07pm
Quoting CodeMeister
This doesn't seem to be a logic problem in the code to me, but you didn't indicate when was the last update made to the code and when did the problem start appearing? Are you sure that the source code does in fact match the executable? You need to recompile to ensure this.

Here is what I would do before considering a rewrite:
1. Remove all EAs from all charts. Indicators can be retained.
2. Shut down MT4.
3. Reboot the machine.
4. Run MT4 for at least 2 days to ensure all EAs are shut down.
5. Recompile the code and attach the EA to one...

Will do. Although, I had been out of trading for the last 8-12 months as I was trying to open my own company. I just came back to trading when the business didn't take off and in that time IBFX changed their policies. Also, I had deleted MT4 and any instance of forex on my computer. This EA and MT4 version are brand new. The EA is brand new in that I recently redownloaded it from the email Ronald had sent me a year ago. I had recompiled it recently.

The errors only happened in the last 2 days.

The only changes to it that were made recently were made to adjust to IBFX's new order policies where I can't place the TP/SL until after the trade is entered. I manually adjusted the code as per the advice give in this thread. http://www.forexfactory.com/showthread.php?t=276332

Perhaps there are conflicted ex4 files? Although I did rename the EA and recompile this new version. Shouldn't be issues I would believe.
  • #14
  • Jan 19, 2011 6:24pm Jan 19, 2011 6:24pm
The chain of events is a little disjointed - or perhaps that is just my head today - but I suggest that the latest updates are the source of the problem. Dropping back to an earlier version is the usual remedy, but that version doesn't work because of the missing ECN logic. It is still worthwhile to follow my recommended steps before contacting the original coder to apply the ECN logic. Another coder working on somebody's code is always a risk.
  • #15
  • Jan 19, 2011 6:27pm Jan 19, 2011 6:27pm
Yea I will try what you say. I still think I might prefer someone starting from scratch with ECN logic built in. It becomes a trust thing at the point when money is involved. I prefer to have an EA designed to work specifically with the new logic rather than a bandaid. Ronald is slowly phasing out his forex involvement and doesn't seem willing to try and adjust the EA. Are you willing to try from scratch? Do you charge? Know anyone that might want to take a stab at it?
  • #16
  • Last Post: Jan 19, 2011 6:32pm Jan 19, 2011 6:32pm
I should point out that another issue I ran into was the EA would sometimes correctly close out any open trades when a new candle formed and sometimes it would incorrectly leave open trades open even when a new candle formed.

Ha, so there was a rule of the EA I forgot to mention.

8. If a trade is triggered and does not hit TP or SL before a new candle forms then close out that trade at current price when a new candle forms.
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