Converting from 4-5 Digits to 3 Digits | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Help needed converting 4 digit broker to 5 digits for indicator 0 replies

from 5 digits to 4 digits 2 replies

Looking for coder to adapt ea from 4 digits to 5 digits broker 0 replies

converting dll file to mq4 2 replies

Forex For Converting Funds? 32 replies

Attachments: Converting from 4-5 Digits to 3 Digits
Exit Attachments

Converting from 4-5 Digits to 3 Digits

  • #1
  • First Post: Feb 27, 2010 11:12pm Feb 27, 2010 11:12pm
Hi,

Am having a problem getting my EA to convert from a 4-5 digit account, to 3 digit pairs, i.e., USD/JPY or EUR/JPY. I never recall having this problem before, until recently, when I added code to automatically convert it to a 5 digit broker (when applicable). And everything worked just fine, until somebody pointed out that it didn't work with 3 digit pairs. So, I'm assuming it has something to do with this fix.

Anybody got any ideas?


Thanks.
  • #2
  • Feb 27, 2010 11:18pm Feb 27, 2010 11:18pm
Maybe it doesn't like my code?

PHP Code
if(Digits==5){ digit=5; TP1*=10; SL1*=10; Slip1*=10; }
  • #3
  • Feb 28, 2010 1:52am Feb 28, 2010 1:52am
hi ectrade,

from your sample code:
if(Digits==5) { tp *=10 }
it seems that :
tp is a var that is used in OrderSend(Symbol(),....,Ask+tp*Point)
10 is meant to be 10 Pips.

if that is the case, change your code to:
if(Digits==5 || Digits==3) { tp*= 10}

1 Pip for eur/usd is alway 0.0001,
1 Pip for usd/jpy is alway 0.01,
regardless how many digits the broker quote the pairs.
1 Point = ? Depend on the digits

in MT4, Digits = 5 show that broker quote the pairs in 5 digits (instead of 4), and Point value will be 0.00001. Because 1 Pip = 0.0001, 1 Pip = 10*Point.
Digits = 3 show that broker quotes the pairs in 3 digits (instead of 2), and Point value will be 0.001. Because 1 Pip = 0.01, 1 Pip = 10*Point.

Brokers whose quote eur/usd in 5 digits, will quote usd/jpy in 3 digits. And those brokers are called 5 digit broker.

Brokers whose quote eur/usd in 4 digits, will quote usd/jpy in 2 digits. And those brokers are called 4 digit broker.

Hope this help
  • #4
  • Feb 28, 2010 2:31am Feb 28, 2010 2:31am
Just goes to show that everybody's got to be different. It probably would have taken me forever to figure that out. I modified the code and everything seems to work fine now.

Thanks!
  • #5
  • Feb 28, 2010 2:57am Feb 28, 2010 2:57am
Well, I thought that was going to fix it but, maybe not? I just tried backtesting it with EUR/USD and it worked. But, when I tested it without the fix it worked there as well. Actually I'm not even sure I checked the EUR/USD on Friday, but just the EUR/JPY. And, come to find out it doesn't work either way with EUR/JPY. So, what are you going to do?

I also have several options on my EA so, I thought I would try EUR/JPY with a different option. And, guess what? It works either way. So, apparently there's something wrong with the code with that particular option. Yuck!

It was a good suggestion though.
  • #6
  • Feb 28, 2010 5:54am Feb 28, 2010 5:54am
it would be better if you post your EA so that we can try to look what's the problem
  • #7
  • Feb 28, 2010 9:05am Feb 28, 2010 9:05am
You are free to have a look. While here is the post we begin to discuss it.

The download is a couple of posts down.
  • #8
  • Mar 1, 2010 2:04am Mar 1, 2010 2:04am
Hey, I just got a chance to forward test my EA with your recommended fix. I just placed my first two pending orders, one for USD/JPY and one for EUR/JPY! So, that just may very well take care of it. It doesn't explain why it doesn't work when back testing but, the main thing is that it works when forward testing or, when trading live.

Thanks a lot!
  • #9
  • Mar 1, 2010 2:32am Mar 1, 2010 2:32am
glad to know it fixes the problem
  • #10
  • Sep 27, 2012 12:12am Sep 27, 2012 12:12am
Hi guys,

I too am having the same trouble running an EA on USD/JPY...

I know people may not like this EA but it shows great back testing.

I have attached the file so if anyone is willing to help me convert it to 3 digit that would be wonderful...

Sorry I am not very savvy with coding >< kills my tiny brain..
Attached File(s)
File Type: zip MillionDollarPips (ANY PAIR + NO DLL).zip   5 KB | 684 downloads
  • #11
  • Sep 27, 2012 3:44am Sep 27, 2012 3:44am
Quoting Serkol
Hi guys,

I too am having the same trouble running an EA on USD/JPY...

I know people may not like this EA but it shows great back testing.

I have attached the file so if anyone is willing to help me convert it to 3 digit that would be wonderful...

Sorry I am not very savvy with coding >< kills my tiny brain..
Hi Serkol, did you try Live or Demo this EA?
  • #12
  • Sep 27, 2012 3:56am Sep 27, 2012 3:56am
Quoting Peepo
Hi Serkol, did you try Live or Demo this EA?
Hi,

I ran multiple backtests for it with different settings. Great results with minimum DD.

The safest and most profitable settings are;

Safe_mode = ON
High_speed = ON

And the rest as default except for your lot sizes...

I looked through the chart after running this setting and it only seems to trade when there are large spikes in price for it to get in safely.

I am currently running it live however it hasnt made a trade for the last day or so haha... When you turn the safe setting off it starts to trade more often however they are just random stabs at trying to get a quick few pips, so it can lose money quite easily. However it is pretty smart and knows when to cut losses and take profits.

I think latency to the broker is also a major factor which is what I am also currently looking into.

I would love to see the USD/JPY version if anyone is a code genius.

Have you tried this EA before Peepo??
  • #13
  • Oct 1, 2012 10:35am Oct 1, 2012 10:35am
Quoting Serkol
Hi,

I ran multiple backtests for it with different settings. Great results with minimum DD.

The safest and most profitable settings are;

Safe_mode = ON
High_speed = ON

And the rest as default except for your lot sizes...

I looked through the chart after running this setting and it only seems to trade when there are large spikes in price for it to get in safely.

I am currently running it live however it hasnt made a trade for the last day or so haha... When you turn the safe setting off it starts to trade more often however...
Hello, i had tryed one day, with an alternative account, but with no luck, I think lag is against me. I read in babypips forum some people had good results in prior dates.

Are you testing it ?
  • #14
  • Oct 1, 2012 10:47am Oct 1, 2012 10:47am
Hey mate,

Yeah I was running it on a demo account for like 3 days with safe mode on but it NEVER traded.... I took safe mode off and occasionally it would go nuts and trade like an idiot.

I have about 500ms to my broker so it may be the issue.

I tried it on my live REAL account with the safe settings ON but it never traded.

I've pretty much given up on EA's hahaha.
  • #15
  • Oct 1, 2012 10:55am Oct 1, 2012 10:55am
Quoting Serkol
Hey mate,

Yeah I was running it on a demo account for like 3 days with safe mode on but it NEVER traded.... I took safe mode off and occasionally it would go nuts and trade like an idiot.

I have about 500ms to my broker so it may be the issue.

I tried it on my live REAL account with the safe settings ON but it never traded.

I've pretty much given up on EA's hahaha.
Hey, it opens 4 Position in EUR USD, with safe mode on last week with this results: 2 positions with -60 pips, and 2 positions with +20 pips

I am not sure to test it again

Now i am tratyin this EA, Earlytopprorate, did you hear about it? i had some goods results in the last weeks, I hope this week going fine too.

Regards.
  • #16
  • Oct 1, 2012 10:59am Oct 1, 2012 10:59am
Ahahaha damn so total -20 pips...

Not too bad I guess... Are you running on a vps ???

I havent heard of that EA sorry.
  • #17
  • Oct 1, 2012 11:06am Oct 1, 2012 11:06am
Quoting Serkol
Ahahaha damn so total -20 pips...

Not too bad I guess... Are you running on a vps ???

I havent heard of that EA sorry.
Total was -80 pips .

I am not using VPS right now, only in my PC.

I had a bad experience with Fortatrust VPS service, and i am not sure wich one i can use.

Today this EA (EarlyToprorate is now not going good, but I hope it recovers in the rest of the week, check my journal to see how it did work.

Did you find another EA that could work?
Regards.
  • #18
  • Oct 1, 2012 11:14am Oct 1, 2012 11:14am
Nope... No EA, I might look into yours...

But for now I prefer manual trading.
  • #19
  • Oct 1, 2012 11:20am Oct 1, 2012 11:20am
Manual trading maybe the best option, if this EA does not work i will be back to it. How you going with manual trading , how is your strategy?
  • #20
  • Last Post: Oct 1, 2012 11:51am Oct 1, 2012 11:51am
Meh nothing special...

Support & Resistance... I also like using linear regression a little bit.

moving averages... whatever works hahaha
0 traders viewing now