Fish Net System Version 2 | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Pivot Net Revisited (Weekly Pivot Net) 41 replies

Fish Net Trading System 245 replies

Big Fish traders TF 0 replies

FISH indicator 5 replies

Attachments: Fish Net System Version 2
Exit Attachments

Fish Net System Version 2

  • #21
  • Aug 5, 2013 8:05am Aug 5, 2013 8:05am
Quoting Barbossa
There are a lot of "OrderModify error 4051" messages in the log, as far as I can see regarding invalid take profit values passed to OrderModify function.
I need some help from EA guru to fix and enhance the EA. Anyone is willing to help, please PM me.
Follow me to the Promised Land
  • #22
  • Aug 5, 2013 8:17am Aug 5, 2013 8:17am
Quoting xlitang
{quote} Do some manual calculation simulating market going from level1 straight to lever11 and then from level11 straight to level1. that is complete a cycle. Tell me how much profit you would have made?
A lot !

This grid is for ranging markets and DOES IT VERY WELL. It is an averaging up and down system.

But everybody must search the worst case to be prepared for that : IT WILL ARRIVE SOONER OR LATER. When the market is going straight from leve6 to level11 and never comes back. You have a lot of opened trades "against" you. It's like a martingale.

Just know it.
Enter Signature
  • #23
  • Aug 5, 2013 10:03am Aug 5, 2013 10:03am
xin, i ain't guru, but happy to look into the issue, if i'm of any use. you mean the 'Tenth' EA?

Quoting xlitang
{quote} I need some help from EA guru to fix and enhance the EA. Anyone is willing to help, please PM me.
  • #24
  • Aug 5, 2013 10:07am Aug 5, 2013 10:07am
i agree with FxGunner.

but if i were trading using the EA, i might do a careful read of the market. if i believe there's no crazy move ahead, i'd put heavy lots running the EA. so one cycle of trading will boost up the equity 30~50%. then i wait for some days for the next run. yes, this is pretty "manually" run the EA.

this is what i've been experimenting recently. it really only requires the trader with just a little common sense reading the current price.
  • #25
  • Aug 5, 2013 10:11am Aug 5, 2013 10:11am
Quoting charvo
i agree with FxGunner. but if i were trading using the EA, i might do a careful read of the market. if i believe there's no crazy move ahead, i'd put heavy lots running the EA. so one cycle of trading will boost up the equity 30~50%. then i wait for some days for the next run. yes, this is pretty "manually" run the EA. this is what i've been experimenting recently. it really only requires the trader with just a little common sense reading the current price.

Aman, brother.
Follow me to the Promised Land
  • #26
  • Aug 5, 2013 10:18am Aug 5, 2013 10:18am
Quoting charvo
xin, i ain't guru, but happy to look into the issue, if i'm of any use. you mean the 'Tenth' EA? {quote}
Just need EA to placing and refill pending orders and modify TP according to rule.

BTW, which part of China are you in? I am from south.
Follow me to the Promised Land
  • #27
  • Aug 5, 2013 11:20am Aug 5, 2013 11:20am
yeah, i have experienced this problem before. the placing, canceling, and replacing of orders for grids can be a pain. long time ago, i don't even remember if i finally solve it now.

but what's wrong with current EA? the error from Barbarosa's post?

i'm from holland by the yellow river, if you know what i'm saying, lol.

Quoting xlitang
{quote} Just need EA to placing and refill pending orders and modify TP according to rule. BTW, which part of China are you in? I am from south.
  • #28
  • Aug 5, 2013 11:38am Aug 5, 2013 11:38am
Quoting FxGunner
{quote} A lot ! This grid is for ranging markets and DOES IT VERY WELL. It is an averaging up and down system. But everybody must search the worst case to be prepared for that : IT WILL ARRIVE SOONER OR LATER. When the market is going straight from leve6 to level11 and never comes back. You have a lot of opened trades "against" you. It's like a martingale. Just know it.
The system might be used in other case, like weekly high to low, daily high to low, or support resistance, as long as the concept is there. Divide it into x grid, so to distribute the grid with appropriate lot size. Then you got do your math with the estimation of outcome.
  • #29
  • Aug 5, 2013 11:45am Aug 5, 2013 11:45am
cannot test in work, but i'd change it to this dumb way:

in double CalculateTakeProfit(string symbol, int type, double price)

i'd replace
Inserted Code
double point = MarketInfo(symbol, MODE_POINT);

with this:
Inserted Code
   double point;
if(digits == 5 || digits == 4) point = 0.00001;  
if(digits == 2 || digits == 3) point = 0.001;

for some reason, i hate mode_point function by mql4.

Quoting xlitang
{quote} I need some help from EA guru to fix and enhance the EA. Anyone is willing to help, please PM me.
  • #30
  • Aug 6, 2013 1:56pm Aug 6, 2013 1:56pm
Anyone up to EA task?
Follow me to the Promised Land
  • #31
  • Aug 6, 2013 2:31pm Aug 6, 2013 2:31pm
Why do you trade this on EU or GU and not om pairs which are even ranging stronger such as EURCHF or EURGBP?
  • #32
  • Aug 6, 2013 2:33pm Aug 6, 2013 2:33pm
Quoting xlitang
Anyone up to EA task?
I can have a look at it. what do you need?
  • #33
  • Aug 6, 2013 2:35pm Aug 6, 2013 2:35pm
Quoting rolfw
{quote} I can have a look at it. what do you need?
Thanks. See post #26.
Follow me to the Promised Land
  • #34
  • Aug 6, 2013 2:48pm Aug 6, 2013 2:48pm
Quoting xlitang
{quote} Thanks. See post #26.
I have several questions:
1.Open your daily chart, look back last three months, we choose 70 bars back. Find out the highest price hPrice and lowest price lPrice.
In your EA, you check this every monday and you will open new trades, but all the old trades willremain open. So it would probably be better to have a kind of closing all together (either one or both directions) if a certain profit is achieved and open a new cycle based on the actual range?
  • #35
  • Aug 6, 2013 2:49pm Aug 6, 2013 2:49pm
Quoting xlitang
{quote} Thanks. See post #26.
6.For buy orders (including level6) are above level6 use bigger value from 100 pips or TenthRange. If you have more than one buy order opened, take profit target is average price + 100 pips. Average price need to factor in lot size. For buy orders below level6, level6 price is take profit target.
More than one order --> TP target for all trades (summed up) or for each of them?
  • #36
  • Aug 6, 2013 2:54pm Aug 6, 2013 2:54pm
Quoting rolfw
{quote} 6.For buy orders (including level6) are above level6 use bigger value from 100 pips or TenthRange. If you have more than one buy order opened, take profit target is average price + 100 pips. Average price need to factor in lot size. For buy orders below level6, level6 price is take profit target. More than one order --> TP target for all trades (summed up) or for each of them?
see function in EA code:

double AveragePrice(string symbol, int type) {
Follow me to the Promised Land
  • #37
  • Aug 6, 2013 3:19pm Aug 6, 2013 3:19pm
Someone did a backtest from 01012011 up to now. Looks very good.
Attached Image (click to enlarge)
Click to Enlarge Name: TenthBackTest.jpg Size: 76 KB
Follow me to the Promised Land
  • #38
  • Aug 6, 2013 3:39pm Aug 6, 2013 3:39pm
a very interesting thread guys, keep it up. Hoping to start up my own thread very soon...
Will check back often to see what stuff you guys are cooking up.
  • #39
  • Aug 6, 2013 11:03pm Aug 6, 2013 11:03pm
Quoting xlitang
Someone did a backtest from 01012011 up to now. Looks very good. {image}
I am interested to code complete EA. May i know where did you get this backtest result?

Firstly, I have checked the EA code in post 1, it is a mess for me. I think i need to re-code myself a new EA. Please PM me the complete rules for refiling orders.
Secondly, will this method work in small grid distant instead of monthly?
  • #40
  • Aug 6, 2013 11:07pm Aug 6, 2013 11:07pm
Someone claimed to have an EA done and did a back test and sent me the image above.

All rules are in post 1. If anything unclear please ask. You could write the EA from scratch. I have not tried it in small time frame. But once we have EA working according to rules, we can experiment. Thanks for your help.
Follow me to the Promised Land
1 trader viewing now