Is there a broker that gives you $50 or even more to start? 1 reply
what gives you an edge? 11 replies
Fundamental Bliss 3 replies
Need indicator that gives you an alarm when price touches the MA 2 replies
Would you trade this system? New system #2. 10 replies
DislikedHmm. I was wondering about theose small losses in back test. No the stop loss rules are on the first page. There is no hard SL. I base SL off of the macd indicator. I'll give you an example...
example picture...
Red vertical line is our entry. Black vertical is our exit for profit. Exit trade for proift or for loss when macd crosses 0 like it did in this picture.Ignored
DislikedThe EA does that- it follows your rules to the letter: only takes the first signal. That's what I was explaining to xlitang: the pending orders are what insure only the first heiken ashi signal is taken. If I remove the pending orders which he thinks are not needed the EA would take every HA signal along the xpma trend.
Now 0.4.1 also doesnt have a SL as you said and relies on MACD for closing only. Here, attaching it again.
Backtesting now wont have much value. Spread at oanda already went to 5 pips.Ignored
DislikedBacktesting now wont have much value. Spread at oanda already went to 5 pips.Ignored
DislikedThanks for this! Let's give it a try next week. See how it does. I will run it side by side on another account or on low risk using my live account
So just to clarify...
In EA settings I should put 0 SL and 0 TP if I want trades to close using the macd?Ignored
DislikedMetaTrader has some big problems.
The best platform for trading system development I could find is MultiCharts. It even lets you test your strategies against BID and ASK with tick precision (though I should add that 1-min resolution will be sufficient in most cases, even for scalping).
That way you can develop your strategies on the weekend.Ignored
DislikedThanks for this! Let's give it a try next week. See how it does. I will run it side by side on another account or on low risk using my live accountIgnored
DislikedHi Cubbybgood,
you are an aggressive trader and thats fine.
But do not use a real money account to test an unproven EA.
You will lose money if you do, I assure you.
This EA is likely to have dozens of bugs. Not only one. Dozens.
Test drive it on a demo account first.
Do you really want to lose money in order to help someone else fix software bugs?
What if the EA would - under certain circumstances - place market buy and sell orders rapidly one after another? Lets say, 1.000 per second? Even with micro lots, your account would be empty before you...Ignored
DislikedYour concern is well founded. It did have orders in rapid succession but as I said I fixed those. There was one other issue with opening orders against the MACD that were closed and reopened very quickly- fixed those too after backtests and now the BT looks fine. So it should be free from that sort of bugs now.Ignored
DislikedPlease be cautious when you push someone else to use your EA with real money. What if that person loses $20K with your EA? Or even worse, $200K? He might want to sue you for talking him into that mess.
That might also turn your life upside down, and I bet you want to avoid that.Ignored
DislikedCome on. [...] I make my own conclusions, so should they before they put any of their own money on the line.Ignored
DislikedBasically, I agree with you. I just wanted to point out that there might be people here who don't think that way and who might be surprised to lose money with the EA.
Mr. Steve Hopwood has a big disclaimer in his EA threads, in his first post. It could be wise to adopt that idea from him, just to be sureIgnored