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100pips EA problem

  • #1
  • First Post: Nov 17, 2011 8:54am Nov 17, 2011 8:54am
This EA is when touch round number GBPUSD like 1.5100, 1.5200, 1.5300 .... etc every 100pips distance then open buy and sell with 100pip TP, no SL.

let's say the current price for GBPUSD is 1.5230, the EA will normalize it into 2 decimal point which is 1.52, if current price is 1.5270, then will be 1.53
if the price go to 1.5300 or 1.5200 then open 0.1 lot buy and 0.1 lot sell with TP 100pips.

Let's say price go to 1.5300, after open buy and sell each 0.1 lot then wait for price go to 1.5200 or 1.5400 to buy and sell 0.1 lot each with tp 100pips too..

the problem is when the price ranging around 1.5300, the EA keep on opening buy and sell. How to solve it?

You can run this EA with strategy tester with 100k and 0.1 lot for GBPUSD. You will know what is the problem.
Attached File(s)
File Type: mq4 100pipEA.mq4   < 1 KB | 553 downloads
  • #2
  • Nov 17, 2011 11:54am Nov 17, 2011 11:54am
Hey,

I'm not really a programmer, but I did add some code for you.

This is just to test and see. It will be a potential trouble causer in live environment (not really error resistent), I guess. You have to modify more - but now you might have an idea of what could be done.

Regards.
MikeFT
Attached File(s)
File Type: mq4 100pipEA_v1.1.mq4   1 KB | 530 downloads
  • #3
  • Nov 17, 2011 12:39pm Nov 17, 2011 12:39pm
Quoting MikeFT
Hey,

I'm not really a programmer, but I did add some code for you.

This is just to test and see. It will be a potential trouble causer in live environment (not really error resistent), I guess. You have to modify more - but now you might have an idea of what could be done.

Regards.
MikeFT
Hello MikeFT,
I have tested it with strategy tester, it also keep on opening buy and sell order, if sideway on certain round number like 1.53, 1.54 etc.

Anyway thanks for your effort
  • #4
  • Nov 17, 2011 1:44pm Nov 17, 2011 1:44pm
OH-I misunderstood your initial problem, I guess.

I thought you want your EA to open Buy AND Sell at the same time.
Unfortunately I can't help you any more with my current knowledge - maybe somebody else will jump in.

Be curious to see the code too.

Regards.
MikeFT
  • #5
  • Nov 17, 2011 3:42pm Nov 17, 2011 3:42pm
Ok I took a look at it and made some changes to it... but warning in advance there was nothing to this EA... there is alot that is lacking I can tell you that for sure --- even with the changes I made it's still about as close to nothing as you can get.

I didn't take care of every little problem that can happen... like for example when trades are closed out... the EA in it's current form may lose it's "spot" so to speak.

You may need to add arguments for "highest" - "lowest" order for each side buy and sell.

I limited max trades to 20 that (should) basically give you a span of 1000 pips. Just realize this is a beginning point to give you some ideas.

I have not tried to test it in any fashion new bugs may appear due to the "lose your spot" thing I already mentioned above.
Attached File(s)
File Type: mq4 100pipEA.mq4   3 KB | 521 downloads
  • #6
  • Nov 18, 2011 2:11am Nov 18, 2011 2:11am
Quoting pip_seeker
Ok I took a look at it and made some changes to it... but warning in advance there was nothing to this EA... there is alot that is lacking I can tell you that for sure --- even with the changes I made it's still about as close to nothing as you can get.

I didn't take care of every little problem that can happen... like for example when trades are closed out... the EA in it's current form may lose it's "spot" so to speak.

[size=3]You may need to add arguments for "highest" -...

Hello,
First of all thanks for your effort, I have an easier idea, when an EA attached, when the price goes to round number(1.53, 1.54, 1.55... etc) it will check whether there are open position, if no then
-open buy and sell order with 100pips TP,
-open pending order buy stop, sell limit(both 100pips tp) at 100pips above the current round number
-open pending order sell stop, buy limit(both 100pips tp) at 100pips below the current round number

if there are orders
-then it will delete the previous pending orders(previous buy stop and sell limit will be hit if the price was up from below OR previous sell stop and buy limit will be hit if the price was down from above)
-open pending order buy stop, sell limit(both 100pips tp) at 100pips above the current round number
-open pending order sell stop, buy limit(both 100pips tp) at 100pips below the current round number

the attached file is my idea, but when I test it with strategy tester, the pending orders never hit when the price goes to pending order price.

Could you pls check for me?
Attached File(s)
File Type: mq4 100pipEA.mq4   3 KB | 521 downloads
  • #7
  • Nov 18, 2011 5:55am Nov 18, 2011 5:55am
I suggest you go back to using the version I posted, fix the bugs and learn from that. What you have written in changes only makes matters worse it will never work and it's by no means "easier" as you suggest.

The frame work I laid out will work and is much easier because you don't have to worry about deleting orders, it hides your hand so to speak etc.

It much easier to change the range spacing etc and you can do this eventually "on the fly" if you program this mentality into the EA.

But you have to stay focused and not wander down the path and take every different fork in the road. You have to be a problem solver not a problem creator.

I gave you ability to trouble shoot by printing the info to the chart... you can run the ea thru backtest in visual mode to see what the ea does. You have to do this by trial and error as it will be your best teacher. It's more or less how I taught myself and looking at other people's code.

  • #8
  • Nov 18, 2011 8:02am Nov 18, 2011 8:02am
Quoting pip_seeker
I suggest you go back to using the version I posted, fix the bugs and learn from that. What you have written in changes only makes matters worse it will never work and it's by no means "easier" as you suggest.

The frame work I laid out will work and is much easier because you don't have to worry about deleting orders, it hides your hand so to speak etc.

[size=3]It much easier to change the range spacing etc and you can do this eventually "on the fly" if you program this mentality...
Hello pip_seeker, thanks for your comments and effort again

I found out that your EA only open Sell if there is a BUY at a same round number, or open Buy if there is a Sell at same a round number.

My suggested system is no matter there are how many buy or sell as long as touch round number, the EA will open Buy and Sell with the condition the price from 1 round number to another 1 round number.

I have explained in picture. From the picture, the last touch at 1.5200 will open buy (B4) and sell (S4) order even there is S2(Sell order). Please take a look
Attached Image (click to enlarge)
Click to Enlarge Name: 100pips.png Size: 10 KB
  • #9
  • Nov 18, 2011 10:37am Nov 18, 2011 10:37am
Quoting klhh
the problem is when the price ranging around 1.5300, the EA keep on opening buy and sell. How to solve it?

I solved it and you are not happy with that.

I never said it was anything... it's a starting point.

It was never my EA... it was yours and remains yours.

I may on occasion pop in here and help out but don't expect me to do all the work.
  • #10
  • Last Post: Nov 19, 2011 2:37am Nov 19, 2011 2:37am
Quoting pip_seeker
I solved it and you are not happy with that.

I never said it was anything... it's a starting point.

It was never my EA... it was yours and remains yours.

I may on occasion pop in here and help out but don't expect me to do all the work.
Ok Thanks you very much for your help and efforts again
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