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Fish Net Trading System

  • #201
  • Sep 28, 2012 10:54am Sep 28, 2012 10:54am
Last Friday (week ago) I began to test this EA.
Start London / End 3PM New York time.
Max DD = 0.2 (20%)
Pairs: 4pairs as per default
EA attached to GBPJPY.

This EA is definitely not for ranging market. Unfortunately that was the case most of this week - at least for the purposes what this EA needs to be successful. So in short - the week was disastrous.
Although I did stray away from the rule "close all at finish hour" and did change on Wednesday to none-stop trading. My hope that negative balance of that time could be recovered however has not materialize.
Thus a big lose - the 20% DD has been hit today.
Bit of bad luck as well... had 9 Long positions and only 3 Short on Friday morning Eastern Time. Around 7.5% mark in minus. As Friday's PA vent lower I was out of luck.
I will give it one more week though. Hope for trending market.
As an idea there is nothing wrong with this EA. But it probably is not ready (as is) for the real world i.e. LIVE account.
But maybe the creator will find a way to improve it. As they say - try and if you don't succeed try again.
In any case thank you XLI for putting the time and work into it.
  • #202
  • Sep 28, 2012 11:38am Sep 28, 2012 11:38am
this ea woulkd be very successful if it puts buy stop only on gainers and sell stop on fallers.
1. look at fallers and gainers
2. put buy stop on gainers and sell stop on fallers


profitability will increase by many folds.

it also needs traling stop.
  • #203
  • Sep 29, 2012 10:56am Sep 29, 2012 10:56am
Quoting goldfinger
this ea woulkd be very successful if it puts buy stop only on gainers and sell stop on fallers.
1. look at fallers and gainers
2. put buy stop on gainers and sell stop on fallers


profitability will increase by many folds.

it also needs traling stop.
Yes, if we have crystal ball to know which is gainers and which is fallers.
Follow me to the Promised Land
  • #204
  • Sep 29, 2012 10:58am Sep 29, 2012 10:58am
If you followed the rules, you would bank a lot pips yesterday after market big moved.
Follow me to the Promised Land
  • #205
  • Sep 29, 2012 3:39pm Sep 29, 2012 3:39pm
Version 2 is available in Post 1.
Follow me to the Promised Land
  • #206
  • Sep 29, 2012 9:34pm Sep 29, 2012 9:34pm
Thanks XLT....
  • #207
  • Sep 30, 2012 11:09am Sep 30, 2012 11:09am
Quoting xlitang
Yes, if we have crystal ball to know which is gainers and which is fallers.
pairs with + pips are gainers and - pips are fallers. I use it finance charts to scan for fallers and gainers.
  • #208
  • Sep 30, 2012 7:06pm Sep 30, 2012 7:06pm
Thank you for V2 XTL. Looks good.

Can you clarify following:
1.) SL =15 ... does it apply to losing individual pair OR to all pairs traded in the basket (in case of basket being on the losing side0? I'm guessing by the size that it applies to individual pair.
2.) SuspendEAafterProfitClose = true ... applies itself to which profit? (to PairProfit T, BasketProfit T, DailyProfit T).
3.) JumpingStopPips = 15.0 ... please elaborate a little what this function will do, i.e. is this something that "kicks in" after certain profit on individual pair is reached and "locks" this profit in?
4.) BrakeEvenProfit =1.0 ... what the 1.0 represents? is it just programing language and it means that this function is OFF? (or perhaps ON?). And if it is "ON" what size of PROFIT is applied? The word 'profit' is confusing to me - either there is a profit = + $$ or pips OR trade is B/E = no lose or profit.

Thanx.
  • #209
  • Sep 30, 2012 7:22pm Sep 30, 2012 7:22pm
Quoting goldfinger
pairs with + pips are gainers and - pips are fallers. I use it finance charts to scan for fallers and gainers.
Perhaps some sort of filter would do the job sufficiently enough. Maybe cross of 2 moving averages on certain TF. Upon which the Long or Short pending positions would be placed. Just a thought...
But even then there is no guarantee as you all know.
  • #210
  • Sep 30, 2012 10:45pm Sep 30, 2012 10:45pm
Quoting paul56
Thank you for V2 XTL. Looks good.

Can you clarify following:
1.) SL =15 ... does it apply to losing individual pair OR to all pairs traded in the basket (in case of basket being on the losing side0? I'm guessing by the size that it applies to individual pair.
2.) SuspendEAafterProfitClose = true ... applies itself to which profit? (to PairProfit T, BasketProfit T, DailyProfit T).
3.) JumpingStopPips = 15.0 ... please elaborate a little what this function will do, i.e. is this something that "kicks in" after certain...
1. SL applied to all open psition.
2. Applied to all Profit Target.
3. JumpingStopLoss apply to all open positions. For example if a position in profit for 30 pips, stoploss will be moved up 15 pips.
4. If a position moved in profit 30 pips, stoploss will be moved to BE plus 1 pip. this way we will lock in a pip profit.
Follow me to the Promised Land
  • #211
  • Oct 1, 2012 4:02am Oct 1, 2012 4:02am
XLT... Thank you for the explanation above.

For whatever strange reason the EA is generating error for me.
It came as a supprise - V1 was working like a clock / no issues at all.

I have done the following to correct this problem:
1.)First I removed the previous (1st) version of this EA from my MT4.
2.)Completely removed the EA (the new V2) from MT4 and from my computer, then I re-downloaded EA from your post 1.
3.)Upon reinstalling EA back into my MT4 (into expert folder) I have closed and re-opened my MT4 platform (repeated that 2x) just to be sure.
4)I have gotten this same error on 2 different computers. Same result same error.
5.)Noticed that comma between pairs is placed differently then in version 1. I am not a programer so I would not know the difference if there was any.

Please advice if this is my error only and if yes what do you think am I doing wrong. Or maybe could this be EA's issue?

PS.: will call a friend in the morning (still very early here) who is running test of this EA as well to see if he got any problems.

Thanx, any help appreciated.
Attached Image (click to enlarge)
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  • #212
  • Oct 1, 2012 5:13am Oct 1, 2012 5:13am
[quote=paul56;6056918]XLT... Thank you for the explanation above.

For whatever strange reason the EA is generating error for me.
It came as a supprise - V1 was working like a clock / no issues at all.

same goes with me....i guess programming error.......
  • #213
  • Oct 1, 2012 6:10am Oct 1, 2012 6:10am
Quoting goldfinger
pairs with + pips are gainers and - pips are fallers. I use it finance charts to scan for fallers and gainers.
HJi Goldfinger,
can you explain with a bit more details?
I would like to understand this point.

Thanks, Puma
  • #214
  • Oct 1, 2012 6:20am Oct 1, 2012 6:20am
I am new to this forum, and I thank xlitang and all members.

I have applied the new EA (v2) with default options (just changed the trading hours to 10-12 and 12-18), but noticed that EA is generating endless pending orders and never stops.

I believe that it should generate 12 pending orders only per pair.

Is this a malfunction or I need to modify some parameter so that it generate only 12 orders per each pair.

Thanks in advance,
No guts, no glory
  • #215
  • Oct 1, 2012 6:39am Oct 1, 2012 6:39am
Quoting abokwaik
I am new to this forum, and I thank xlitang and all members.

I have applied the new EA (v2) with default options (just changed the trading hours to 10-12 and 12-18), but noticed that EA is generating endless pending orders and never stops.

I believe that it should generate 12 pending orders only per pair.

Is this a malfunction or I need to modify some parameter so that it generate only 12 orders per each pair.

Thanks in advance,
yes EA is malfunctioning and does generate endless pending orders?.....
@xlitang
can you please look into it?....there seems to be a bug......
  • #216
  • Oct 1, 2012 11:07pm Oct 1, 2012 11:07pm
EA v2 is updated in Post 1.
Follow me to the Promised Land
  • #217
  • Oct 2, 2012 1:15am Oct 2, 2012 1:15am
Quoting xlitang
EA v2 is updated in Post 1.
Hey XLT ... thanks for the fix.
I set it up to open at 2am EST just to test if it opens ok. Whatever was causing the previous errors at start seems to be fixed. As reported above by Desi, this time it did open correct number of positions per pair.
So far all good.
Again thank you for your time and sharing the EA.
  • #218
  • Oct 2, 2012 5:39am Oct 2, 2012 5:39am
Quoting puma
HJi Goldfinger,
can you explain with a bit more details?
I would like to understand this point.

Thanks, Puma
I am in the uk. At 7 .00am I am I look at all top gainer and top fallers. I will wnat top gainers on the long side and top fallers on the short side.

If the EA can put only buy stop on top gainers and sell stop only on top fallers you will have more winners.

You must know your money management.
  • #219
  • Oct 2, 2012 7:20am Oct 2, 2012 7:20am
Quoting goldfinger
I am in the uk. At 7 .00am I am I look at all top gainer and top fallers. I will wnat top gainers on the long side and top fallers on the short side.

If the EA can put only buy stop on top gainers and sell stop only on top fallers you will have more winners.

You must know your money management.
How do you determine the gainers and fallers? By last hour, last day, or whatever?
Follow me to the Promised Land
  • #220
  • Oct 2, 2012 7:31am Oct 2, 2012 7:31am
Quoting xlitang
How do you determine the gainers and fallers? By last hour, last day, or whatever?
With my IG account I get free live it finance. I press forex the whole list appears then I press change it gives me top fallers and gainers.

you can make your own watch list with pairs you like to trade the use the watch list to sort gainers and fallers out.
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