Attachments: Engulfing system

Engulfing system

Post #121
Quote
Dec 17, 2011 11:24am Dec 17, 2011 11:24am

Xaphod
Joined Mar 2010 | Status: Member | 1,380 Posts

Quote

Disliked

I think EA's are a waste of time..... and money!

Well, these people are definitely not wasting their time and money:
http://championship.mql4.com/
http://championship.mql5.com/

Just because you are not able to do something does not mean it is not viable. If it was easy, everybody would be doing it.

Now, some comments on the EA:

The EA opens multiple trades so it is not compatible with brokers following US rules about hedging and trading order (FIFO). Ie. A broker that allows hedging and does not follow FIFO rules is required.

Note the account balance relative to the trade size: 10000/0.1

Since the EA has multiple trades open simultaneously and has a large stoploss/trade, one will need to keep an eye on the account margin.

A risk/reward ratio of 13/1 is not for the faint of heart.
The percent profitable trades is very high: >96%

To trade live with the EA, it will need to be improved to handle trade context busy errors. An easy fix would be to use the orderreliable library:
http://www.forexfactory.com/attachme...1&d=1176824722

Post #122
Quote
Dec 17, 2011 11:30am Dec 17, 2011 11:30am

smilee89
| Commercial Member | Joined Jun 2007 | 832 Posts

Quoting Xaphod

Disliked

Well, these people are definitely not wasting their time and money:
http://championship.mql4.com/
http://championship.mql5.com/

Just because you are not able to do something does not mean it is not viable. If it was easy, everybody would be doing it.

Now, some comments on the EA:

The EA opens multiple trades so it is not compatible with brokers following US rules about hedging and trading order (FIFO). Ie. A broker that allows hedging and does not follow FIFO rules is required.

Note the account balance relative...

Ignored

This is not a code that ready to trade Live already.
This code is to estimate the profitability of the system, and it does!
When trading Live one can open 2 accounts, one for Longs only and the other for Shorts only, if the broker is in the US.
When trading Live, the code will have a good MM including "Risk" parameter that enables the trader to decide what is the risk percent per trade regarding the equity at the same moment.

Post #123
Quote
Dec 17, 2011 12:53pm Dec 17, 2011 12:53pm

joancb
Joined Aug 2011 | Status: Member | 633 Posts

some people are working on this idea here

http://www.stevehopwoodforex.com/php....php?f=5&t=158

Post #124
Quote
Dec 17, 2011 1:10pm Dec 17, 2011 1:10pm

smilee89
| Commercial Member | Joined Jun 2007 | 832 Posts

Quoting joancb

Disliked

some people are working on this idea here

http://www.stevehopwoodforex.com/php....php?f=5&t=158

Ignored

Mmmmmm...

Post #125
Quote
Dec 17, 2011 1:14pm Dec 17, 2011 1:14pm

joancb
Joined Aug 2011 | Status: Member | 633 Posts

Quoting smilee89

Disliked

Mmmmmm...

Ignored

they are quiet but they are good XD

Post #126
Quote
Dec 17, 2011 5:36pm Dec 17, 2011 5:36pm

persia
| Joined Feb 2011 | Status: Member | 108 Posts

hello dear,it seems your system is promising,would you please share an indicator
for better visualizing the system and if you can update you post with latest
improvement and modification on first page of your post to easy follow,thank you in advance for your great effort.
regards

Post #127
Quote
Dec 20, 2011 8:18am Dec 20, 2011 8:18am

M5city
| Joined Mar 2011 | Status: Member | 45 Posts

correct me please!

Attached Image (click to enlarge)

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Post #128
Quote
Dec 20, 2011 8:35am Dec 20, 2011 8:35am

smilee89
| Commercial Member | Joined Jun 2007 | 832 Posts

Quoting M5city

Disliked

correct me please!

Ignored

Yes.
No.

Post #129
Quote
Dec 20, 2011 8:50am Dec 20, 2011 8:50am

arieldutches
| Joined Nov 2011 | Status: Member | 27 Posts

Hi There,
Can someone please post the latest updated EA.
The one posted opens into Adobepdf.

Thanks,
Ariel

Post #130
Quote
Dec 20, 2011 12:42pm Dec 20, 2011 12:42pm

Sunnybeach
| Joined Jun 2011 | Status: Member | 289 Posts

Quoting Xaphod

Disliked

Well, these people are definitely not wasting their time and money:
http://championship.mql4.com/
http://championship.mql5.com/

Just because you are not able to do something does not mean it is not viable. If it was easy, everybody would be doing it.

Now, some comments on the EA:

The EA opens multiple trades so it is not compatible with brokers following US rules about hedging and trading order (FIFO). Ie. A broker that allows hedging and does not follow FIFO rules is required.

Note the account balance relative to...

Ignored

If there is a stable profitable EA, all money in the world must be collected to that pocket. Is there anyone you heard?
Conclusion 1: The stable profitable EA does not exist.

If there is a stable profitable EA, why they need to sell it or went to championship? Why do they interesting at such a small amount money? They just need to borrow 1 billion dollar from the bank and put the EA on it..
Conclusion 2: The stable profitable EA does not exist

Why many people include myself are still working on EA? Because we are dreamers and we want to be the dreamers.

Post #131
Quote
Dec 20, 2011 1:02pm Dec 20, 2011 1:02pm

Sunnybeach
| Joined Jun 2011 | Status: Member | 289 Posts

Quoting joancb

Disliked

That should do it!

Ignored

thank you and smilee89 for your effort. The result is not bad. I do believe simple system result is more similar to live test result than complex system.

1. if (Newbar==1)
{
if (Ask>High[1]+10*Point && (High[1]-Low[1])>MinSize*Point)
{

Ask or Bid is Close[1] at new bar. It only depend on your broker setting and spread.
So, Newbar check here shall be removed. It higher than High[1] can be touched during the bar.

2. Stoploss is too high. But I do not know how to solve it.

3. big candle mostly is a break candle. would you please think about what can we do if it is not engulfing.

Post #132
Quote
Dec 20, 2011 3:05pm Dec 20, 2011 3:05pm

Xaphod
Joined Mar 2010 | Status: Member | 1,380 Posts

Quoting Sunnybeach

Disliked

If there is a stable profitable EA, all money in the world must be collected to that pocket. Is there anyone you heard?
Conclusion 1: The stable profitable EA does not exist.

Ignored

If there is a stable profitable trader, all money in the world must be collected to that persons pocket. Is there anyone you heard off?
Conclusion 1: Stable profitable traders do not exist.

Quoting Sunnybeach

Disliked

If there is a stable profitable EA, why they need to sell it or went to championship? Why do they interesting at such a small amount money? They just need to borrow 1 billion dollar from the bank and put the EA on it..
Conclusion 2: The stable profitable EA does not exist

Ignored

Why would Quants work for financial companies if they were successful at algorithmic trading? They just need to borrow 1 billion dollars from the bank and put the EA on it.
Conclusion 2: Financial companies do not employ Quants and do not engage successfully in algorithmic trading.

Post #133
Quote
Dec 21, 2011 8:20am Dec 21, 2011 8:20am

newnew
| Membership Revoked | Joined Jul 2009 | 230 Posts

Quoting joancb

Disliked

What do you think? does it follow the rules?

Ignored

Hello,

Please can you make this EA to use double lot after loss or maybe 50% next two trades untill compensate first loss?

Thank you in advance

Post #134
Quote
Dec 27, 2011 8:05am Dec 27, 2011 8:05am

xfran
| Joined Sep 2011 | Status: Member | 19 Posts

Hello.
I've been watching this system and I wonder if it really works and gives good benefits.

It seems to have focused on the EA.

It has been left to die this system in this forum or otherwise continued in another section or forum.

Someone could have the kindness to answer me.

Thanks