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Attachments: JPY Pair Daily Chart Trader EA
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JPY Pair Daily Chart Trader EA

  • #21
  • Oct 17, 2013 10:12pm Oct 17, 2013 10:12pm
help. i downloaded the files and copy it into the indicator folders, but cannot load it onto the chart.
  • #22
  • Oct 17, 2013 10:17pm Oct 17, 2013 10:17pm
Quoting testing3000
help. i downloaded the files and copy it into the indicator folders, but cannot load it onto the chart.

drag the EA to the chart, click "allow live trading"

or google it, there are a lot video tutorial about EA
  • #23
  • Oct 17, 2013 10:28pm Oct 17, 2013 10:28pm
Quoting testing3000
help. i downloaded the files and copy it into the indicator folders, but cannot load it onto the chart.
Maybe an EA should be copied in Experts folder ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #24
  • Oct 18, 2013 1:03am Oct 18, 2013 1:03am
already click "allow live trading"....nothing happens...nothing on the chart
  • #25
  • Oct 23, 2013 5:52pm Oct 23, 2013 5:52pm
Any help?
  • #26
  • Oct 27, 2013 11:55am Oct 27, 2013 11:55am
testing3000,

If you see a smilie face of EA on the chart, just relax it will take trade when entry conditions all match.

It doesnt take a trade on the fly or for the sake of it

thanks
Scoobi
Scoobi doobi doo
  • #27
  • Oct 27, 2013 3:47pm Oct 27, 2013 3:47pm
Hello, thanks for bringing up a JPY trading special EA ! I appreciate the efforts . Can you share some of the insights on the Ea regarding your plans to add a trailing stop to the EA ?
  • #28
  • Oct 27, 2013 4:46pm Oct 27, 2013 4:46pm
Also can you please let me know, what is the default take profits and default stop losses for the version 1 setup by your in default ?
  • #29
  • Oct 28, 2013 4:36am Oct 28, 2013 4:36am
I must be dumb (please don't all agree at once), I don't get it. I've been eye balling some charts without the EA. I understand that can be dangerous because the RSI is obviously showing the position on the closed candle and not where it travelled to before closing.

Anyway it would seem that this might work well in ranging markets but when trends kick in like the GBPJPY middle Aug sell there can be some big problems. You'll have to use such small lot size to handle the 700 pip draw down that it almost makes it not worth trading? See the move middle Aug to Sep high. I see you did show an exit from that trade but couldn't see that its from a trade in the opposite direction.

AUDJPY buy 24 May 2013, needed almost 1100 pips draw down before the sell was triggered in Sep.

Anyway looks like the challenge is to filter out trends v ranging as when trending the RSI often will not move across the range to exit the poor (counter trend) trade. Of course when it works it looks really good.
  • #30
  • Oct 28, 2013 4:50am Oct 28, 2013 4:50am
downloaded

will test some more

thank you

not forget to mention, promising result
Holy grail, pls pm
  • #31
  • Oct 28, 2013 5:15am Oct 28, 2013 5:15am
testing 3000, you have to put this in expert folder.......not indicator folder..........!programme/broker/expert
learn and earn from the ups and downs...of life.
  • #32
  • Oct 28, 2013 10:11am Oct 28, 2013 10:11am
...editing
Holy grail, pls pm
  • #33
  • Oct 31, 2013 4:16am Oct 31, 2013 4:16am
Hello Scoobidoo, can you add trailiing stops option to the EA ? Also can u please add a function which will enable fixed lot trade limit setup which can be customized by the trader, instead of your current, percentage option.
  • #34
  • Nov 4, 2013 8:17am Nov 4, 2013 8:17am
Quoting Scoobidoobi
ENTRY Criteria's : SELL Signal : a) Current Daily Bar Close > Previous Daily Bar Close b) Current Price (Ask) > Daily High c) Daily RSI 20 is > 55 BUY Signal : a) Current Daily Bar Close < Previous Daily Bar Close b) Current Price (Bid) < Daily Low c) Daily RSI 20 is < 45 Exit Criteria: If BUY Order Open { Sell Entry Conditions Met; Close Open BUY Order & Short Entry Triggered } If SELL Order Open { Buy Entry Conditions Met; Close Open SELL Order & Long Entry Triggered } Hope it helps, Scoobi
Hi Scoobi,
the EA took today a profitable "GBPJPY long trade ($300)" (but D1 RSI20 is since days between 45/55).
I use D1 RSI20 for manual trading too. I buy only if RSI20 > 55 (uptrend) and sell only if RSI20 < 45 (downtrend).
Is your description for buy entry criteria right ?
Cheers
Tebis
  • #35
  • Nov 5, 2013 8:41am Nov 5, 2013 8:41am
Quoting tebis
{quote} Hi Scoobi, the EA took today a profitable \"GBPJPY long trade ($300)\" (but D1 RSI20 is since days between 45/55). I use D1 RSI20 for manual trading too. I buy only if RSI20 > 55 (uptrend) and sell only if RSI20 < 45 (downtrend). Is your description for buy entry criteria right ? Cheers Tebis
EDIT: ok i missed the info, its a counter Trader ....
  • #36
  • Nov 17, 2013 4:57pm Nov 17, 2013 4:57pm
this bot does not work well under contineous ranging markets or trending markets ?

Scooby can u apply some logic to sustain in such markets ?
  • #37
  • Jan 12, 2014 1:27am Jan 12, 2014 1:27am
Guys,

Thanks for sending the enhancements or filters to be done to the EA to be further robust , some folks had reservation using Rsi20 also .

I am working on next version almost ready (under beta testing ) to make it more like scalp swing bot using the paradigms : 30pip SL , 60pip TP and 15pip profit trail.

Please let me know if its better to trade only during high volatile London and US sessions or 24 x 5 round the clock scalp bot.

Awaiting your feedback.

Regards,
Scoobi
Scoobi doobi doo
  • #38
  • Jan 12, 2014 1:38am Jan 12, 2014 1:38am
Quoting Scoobidoobi
Guys, Thanks for sending the enhancements or filters to be done to the EA to be further robust , some folks had reservation using Rsi20 also . I am working on next version almost ready (under beta testing ) to make it more like scalp swing bot using the paradigms : 30pip SL , 60pip TP and 15pip profit trail. Please let me know if its better to trade only during high volatile London and US sessions or 24 x 5 round the clock scalp bot. Awaiting your feedback. Regards, Scoobi
It would definitely be interesting to have a time filter, trading only during London and or US sessions may bring better results. Certainly would be easy to test if it was an available option.

Thanks for your work on this EA!
  • #39
  • Jan 12, 2014 1:44am Jan 12, 2014 1:44am
Perfect Telac!, let the EA only trade during London and US sessions with a time filter . I have removed RSI20 filter to get trades

Is 30pip SL ,60pip TP ,15pip profit trail also fine?
Scoobi doobi doo
  • #40
  • Jan 12, 2014 6:37am Jan 12, 2014 6:37am
Tried incorporating 30pip SL ,60pip TP ,15pip profit trail, its getting lots of Stoploss hits with V2 version of the bot , so I have left the idea for good
Scoobi doobi doo
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