Fratelli EA's

1. Most Forex traders lose all their money.
2. Using the robot posted here in trading Forex does not guarantee success.
3. Trading this robot could lead to serious financial loss.
4. Trading this robot without understanding its underlying trading strategies guarantees traders will lose their money.
5. This is not a set-and-forget ea; there is no such thing and anyone who tries to claim there is, is either stupid or lying. This ea requires frequent manual intervention.
6. At best, a trading robot is only 90% as good as the manual strategy it trades. At best. At worst, it can be much less effective. If the strategy is rubbish, so is the robot.

DO NOT USE THIS EA ON A LIVE ACCOUNT.
Have used Steve Hopwood's usual warnings, thanks STEVE, you're a star!




Ok, guys, I don't intend to develop this thread too much, it's only purpose is to allow you to get updates of the EA without cluttering the original thread, that you can found here:http://www.forexfactory.com/showthread.php?t=325942, great work, Fratelli and everyone else that helped him to develop that strategy.
Please DO read the original method before asking questions here.We are not debating here about the strategy, I only accept EA related discussions.


Here is the latest update, 23 nov 2011.


Everything else except Fratelli EA v.1 are indicators, you need them in the indicators folder. Period_Converter_Opt_mod.mq4 is the INDICATOR used to create the M10 offline chart, for the EA to work.

Update 24 nov 2011
*new indicators;
*removed some bugs;
*trade management module updated;

Update 26 nov 2011
*added Money Management as risk% lotsize;
*added option for use High/Low instead of Close of trigger candle;
*added MaxCandleRange for trigger candle;
*added Trade Management for orders still open outside the trading hours;
*added improved signal detection for re-entries based on arrow signal (one trade per arrow);
*user configurable settings for SuperTrend, MACD and MA Crossover;
*removed some bugs related to SL moving and BE (should be no more errors);

Update 28 nov 2011
*errors are still dwelling into SL & BE moving, ignore them for now, important is the job is done as it should; (hahahahaha, nice update!);
*added internal routine to send MarketOrder, if sending PendingOrder is not possible due to broker limitations or due to price being too close to the desired level;
MUST REPEAT, the only indicator needed (into the indicators folder) for the EA to work is SuperTrendmod. The other indi's are just for your visual delight.

Update 30 nov 2011
*added option to display info on indicator or hide it;
*also corrected entry rules as per latest rules posted on main thread;
*use MACD buffer is now user option;
*corrected the bug in MoneyMgmt module;

Update 2 dec 2011
*fixed issues of trading outside trading hours(hopefully);
*fixed issue with TP/SL at different values than the preset ones.
Please report if otherwise for both issues.

Enjoy it!

"Here is the latest update, 23 oct 2011."

Do you mean 23 nov 2011??

TRUE!

Do you use local computer time or the mt4 server time to set the trade times?

Those are GMT.

Hi dragosD, is it safe to use new version of fratelli with this EA?

Thanks!

Awin, what you mean by "safe"? Ea is in developement stage, I hope you don't think at using it on real account! It's just for DEMO purposes only.

Latest update, as per changes into indicators posted today in main thread, in post 1.

Also cleaned code a bit, added management of the trades outside trading hours and corrected some bugs.

Have fun!

hy dragosd
you have a email .

Following error's on Version 2..

'end_of_program' - ending bracket '}' expected Crogram Files (x86)VantageFX TraderexpertsFratelli EA_v.2.mq4 (750, 1)

whoaa! Thanks for that warning dragosD, i'm really contemplating on using it on live account though...

Anyway, my question is that, the new version for fratelli template is now released by peter, so is it ok to use it with your EA?

Thanks....

I'm using the buy/sell scripts and the multi-purpose trade manager EA to set the SL to BE+1 on the AUD/USD and EUR/JPY pairs, but I'm having difficulties on this:

EURUSD: SL is 25 pips. TP is 20 pips. When we see 10 pip profits we move SL to -10 pips.
When we see 15 pips in profit we move SL to BE+1 pip

Is there any EA to change the SL for a value different than BE? I tried to search within the Fratelli EA's code, but I was unsuccessful.

Thanks

Are people (besides Dragos ) seeing correct trades with this EA?

I ran it on AUDUSD with default params, except I changed Lots to 0.1. I ran it in the strategy tester (20 mins to test 20 days, yeesh) and found that it was basically at breakeven for the month. It would have lost money if not for one 118 pip winner (!?) on 11/11. Avg wins about $23, avg losses about $19, but it only hit 45% wins. That doesn't seem to match up with what we've been seeing in the live thread.

That was on M15 since Strategy Tester doesn't support M10, but I expected better than this.

Are other people seeing results like this, or have I got something set up wrong? Is there some way to get the Strategy Tester running on M10? Or can you only use this on M10 in a realtime chart? I've been running it for about 5 hours (set to 24hr trading) and no trades yet...

I haven't worked much with EAs yet so it's very possible I've messed it up somehow.

hey all

is it necessary to display the M10 offline charts or does the internal logic of period converter mod take care of that?

i have had the ea running all day on a demo account next to my live account where i manually trade the system It hasnt taken a trade i have made sure the accept dll was checked, ea's are enabled in mt4, and i have tried ecn on and off. its on 24 hr clock. what could I be missing?

I started to run a backtest for the year for E/U but stopped after May since it was still showing a loss. I will try playing aoround with some of the settings, but was wondering too.

Morning all,

First at all, make sure you are using the latest version attached last night! That would be Fratelli v.2

Second, yes, EA has already built in option for moving SL at +10 pips, that is EarlySLAdjust, set it to true if you wanna use that feature or to false if you wanna skip it, rest is usual as per Trade Management module, so BE at +15 and BEProfit 1, you can set those into settings, also, trailing profits from +16 up. You can also choose to use ExtendTP, that one will override hard TP, moving even the TP when TS is moved.

No, the EA has not a built in offline chart generator, it should be attached on an offline chart created with the PeriodConverter_opt_mod indi attached in 1st post.

Have no ideea why, here the code is intact, and the EA is running ok, all 3 trades from this morning opened as per rules.Try re-downloading it.

Template has nothing to do with the EA. Only indicator that you need for the EA to work is SuperTrendmod.You need it into the indicators folder, not on the chart. So, template can be any, and it's just for visual confirmation.

Hi Dragos
Thats brilliant working as per Fratellis rules
Well Done Mate