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Help with EA mod, please... proof is here

  • #1
  • First Post: Mar 26, 2013 11:48am Mar 26, 2013 11:48am
I need a programmer to modify the makegrid EA. It has a feature that allows a user to close all open and pending orders, but requires turning the EA off first. What I want is for the EA to do this automatically when any trade hits the set SL, then wait for all the orders to be closed, make sure they are all closed, then start all over again.
I have posted the trade explorer to give example that this will work. You can see when the price trended 120 pips, the account lost half of its balance, but when it started ranging again, it has won all of it back, and then some. If I had the feature I am asking for, I would have made more than 40%, instead of coming back from large loss.
The equity is $400 more than the balance was yesterday.


Here's the EA, it is public.
Attached File(s)
File Type: mq4 MakeGrid193_1.mq4   28 KB | 377 downloads
Too close for pips, switching to points.
  • #2
  • Mar 26, 2013 12:35pm Mar 26, 2013 12:35pm
Have you heard of the term "curve fitting"? That seems to be what you are proposing. Think of a dog chasing its tail and you will understand why its futile.
  • #3
  • Mar 26, 2013 12:46pm Mar 26, 2013 12:46pm
Quoting CodeMeister
Have you heard of the term "curve fitting"? That seems to be what you are proposing. Think of a dog chasing its tail and you will understand why its futile.
I know what you're talking about, this isn't curve fitting. I have already decided on 20 pip TP and 80 pip SL. It works if I can close everything when the SL is reached. All I need is the equity to exceed the balance, and I have it already figured out. The explorer shows the profit potential, if the trades can be all closed when price starts trending.
Too close for pips, switching to points.
  • #4
  • Mar 26, 2013 2:21pm Mar 26, 2013 2:21pm
“If it walks like aduck, quacks like aduck, looks like aduck, it must be aduck”

This duck looks like curve fitting to me.

You have also made an assumption that an EA can detect whether its in a trend or not. Many have (including myself) tried and nobody has succeeded. What looks deceptively easy for a human is almost impossible for a machine.
  • #5
  • Mar 26, 2013 2:30pm Mar 26, 2013 2:30pm
Quoting CodeMeister
“If it walks like aduck, quacks like aduck, looks like aduck, it must be aduck”

This duck looks like curve fitting to me.

You have also made an assumption that an EA can detect whether its in a trend or not. Many have (including myself) tried and nobody has succeeded. What looks deceptively easy for a human is almost impossible for a machine.

I hear you, and I see how you might think that because it may seem I'm just trying to make the down side of the equity graph come up, but that's just there to illustrate my point. I already knew before I turned the EA on that if the price exceeded my 80 pip SL, I would start having heavy losses, but I know price will range enough between the 80 pip SLs on each side of the "channel" to net a profit when the price hits the bottom or top of the channel. So, all I want is the EA to shut down all orders ( there is 100 of them) when the SL is hit, and start over. that's all. Nothing else.
All I'm saying when I describe the "trend" is if the price goes one way more than 80 pips (because that's my SL setting) without much retrace, then I lose. I'm not asking for a "trend detector", just close all orders at SL, and restart again. (I too, am not in favor of trying every setting under the sun to make a perfect equity curve.)
Too close for pips, switching to points.
  • #6
  • Mar 27, 2013 9:25am Mar 27, 2013 9:25am
When someone modifies the EA, as requested, it will be added to the trade explorer to demonstrate the difference, and everybody will see what I'm talking about. Please post the modified EA in this thread. Thanks
Too close for pips, switching to points.
  • #7
  • Mar 27, 2013 9:48am Mar 27, 2013 9:48am
Quoting Thepipster
When someone modifies the EA, as requested, it will be added to the trade explorer to demonstrate the difference, and everybody will see what I'm talking about. Please post the modified EA in this thread. Thanks

One question, do you close all the orders for the first order' SL is triggered? Or how many SL to be triggered before close all position because the grid distant is very tight?
  • #8
  • Mar 27, 2013 10:09am Mar 27, 2013 10:09am
Quoting ~bull.bear~
One question, do you close all the orders for the first order' SL is triggered? Or how many SL to be triggered before close all position because the grid distant is very tight?
We want all orders closed when just one order touches the SL. Basically it's similar to the mainstream grid idea, which will not work if it just goes on and on, because we'll run out of margin, and equity will always equal open trades. So, what make a grid work, potentially, is we need the price to run a given amount of pips in one direction, then retrace. The profit is in the retrace. With my settings the price is allowed to move within an 80 pip box, and each 20 pip move makes money within this box. To net a profit, we need the 20 pip TP to bring the equity, which will hang 20% below the balance, above what the balance started out with.

Example: the account started with $1,000. On an average day, we will get $300-$400 of equity above the $1000 starting balance, before the price starts hitting the SL, which brings the balance way down. What we want is to close all the trades while we can net a profit. The best way is to allow as much time for price to create positive equity before the SLs start getting hit. Except for days like monday, where price moves without any retrace, we will get what we want in net equity profit before a SL is hit. Then, when all trades are closed, this net profit will be realized, and the EA will be setup to start trading again from that point. This is the only way to make a grid work. Start it, net a profit, and shut it down, and start all over. I just don't have the time or ability to sit here and whenever a SL is hit, close everything...I need the EA to do this automatically. Any more questions?
Too close for pips, switching to points.
  • #9
  • Mar 27, 2013 10:35am Mar 27, 2013 10:35am
Quoting Thepipster
We want all orders closed when just one order touches the SL. Basically it's similar to the mainstream grid idea, which will not work if it just goes on and on, because we'll run out of margin, and equity will always equal open trades. So, what make a grid work, potentially, is we need the price to run a given amount of pips in one direction, then retrace. The profit is in the retrace. With my settings the price is allowed to move within an 80 pip box, and each 20 pip move makes money within this box. To net a profit, we need the 20 pip TP to bring...

100 orders = 100 pips. Where is the starting point? Is possible to combine buystop with selllimit and sellstop with buylimit in order to capture trending and ranging?
  • #10
  • Mar 27, 2013 10:40am Mar 27, 2013 10:40am
Quoting ~bull.bear~
100 orders = 100 pips. Where is the starting point? Is possible to combine buystop with selllimit and sellstop with buylimit in order to capture trending and ranging?
Actually having 20 TP, and 80 pip SL, limits the number of open orders to 100. The makegrid EA already places both sell and buy orders every step, which I have decided to use 1 pip-very unconventional, I know, but it's my little secret that's no longer a big secret now. All we need is the EA to incorporate automatically closing everything when the SL is touched by just one open trade, everything else works correctly on it.

The only the EA won't be going is while it is closing trades, so it just starts wherever price is when it's done closing trades.
Too close for pips, switching to points.
  • #11
  • Mar 27, 2013 11:02am Mar 27, 2013 11:02am
Quoting Thepipster
Actually having 20 TP, and 80 pip SL, limits the number of open orders to 100. The makegrid EA already places both sell and buy orders every step, which I have decided to use 1 pip-very unconventional, I know, but it's my little secret that's no longer a big secret now. All we need is the EA to incorporate automatically closing everything when the SL is touched by just one open trade, everything else works correctly on it.

The only the EA won't be going is while it is closing trades, so it just starts wherever price is when it's done closing...

Ok. I think it would be easier if i just code an EA to just close all positions if one of the position hit SL. Meaning to say that once you use the MakeGrid193 to open the pending orders, then you removed it and attach the close all position EA. I think you also could find in FF here, try this
  • #12
  • Mar 27, 2013 11:05am Mar 27, 2013 11:05am
Quoting ~bull.bear~
Ok. I think it would be easier if i just code an EA to just close all positions if one of the position hit SL. Meaning to say that once you use the MakeGrid193 to open the pending orders, then you removed it and attach the close all position EA. I think you also could find in FF here, try this
Well, two things...

first, the EA already has a close all orders function that works well.

second, I am not able to access the platform to close all the trades, so that's why I want the EA to do this automatically for me. Again, the function is already built in, I just need it linked to the SL.
Too close for pips, switching to points.
  • #13
  • Mar 27, 2013 11:10am Mar 27, 2013 11:10am
Quoting Thepipster
Well, two things...

first, the EA already has a close all orders function that works well.

second, I am not able to access the platform to close all the trades, so that's why I want the EA to do this automatically for me. Again, the function is already built in, I just need it linked to the SL.

OK. Let me check when i am free. Recently i am busy with my job and coding my EA as well.
  • #14
  • Mar 28, 2013 8:59am Mar 28, 2013 8:59am
As you can see on the explorer, with the current settings, the results are going to bounce between the starting balbance of $1,000, and $600-$700. This proves that the EA is tuned, with the TP and SL settings, to the averages of the moves of the market, to somewhat of an equilibrium. What will break the pattern, and set the account up for success is of course, the requested mod. The account would have doubled by now.
Too close for pips, switching to points.
  • #15
  • Mar 28, 2013 5:54pm Mar 28, 2013 5:54pm
And now, you can see the balance has pretty much come back up, 45% up for today, back down tomorrow, unless price just stays ranging.
Too close for pips, switching to points.
  • #16
  • Apr 1, 2013 8:54am Apr 1, 2013 8:54am
Equity is now higher than starting balance, which means equity, despite not having my requested mod, yet, still came back more than half the account's starting balance value. It should be easily apparent that my requested mod would cause this EA to be profitable.
Too close for pips, switching to points.
  • #17
  • Apr 2, 2013 4:43pm Apr 2, 2013 4:43pm
Equity is currently 9.5%.
That means closing all trades right now is 9.5% profit. This can happen everyday if the EA can close all trades at SL.
Too close for pips, switching to points.
  • #18
  • Apr 3, 2013 8:50am Apr 3, 2013 8:50am
Closed all trades at 8:30 PM EST, yesterday, to simulate results from mod. Netted 8.5%.
Too close for pips, switching to points.
  • #19
  • Edited 2:15pm Apr 4, 2013 12:35pm | Edited 2:15pm
I am modifying my request for the mod... .... I have seen similar requests around the web, but nobody ever tried to actually do this...
What I want is the EA to be modified to close all trades, open and pending, when a definable equity profit is reached in dollars, and start all over again. Please ask questions if you don't understand.

Maybe combine this EA with the makegrid one, making sure it starts again automatically after closing all trades:
Attached File(s)
File Type: mq4 CloseAllAtEquityLevel.mq4   5 KB | 340 downloads
Too close for pips, switching to points.
  • #20
  • Apr 4, 2013 4:07pm Apr 4, 2013 4:07pm
Hi
A quck look at the code suggests that a profitTarget is already available.
Have you tried it?
John
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