Extracted Thread (per thread starter's request) | Page 53 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

1 trade per pair per year 6 replies

multiple systems per pair/multiple pairs per system? 3 replies

Extracted Post (per poster's request) 0 replies

Trading 24 hours per day, 5 days per week 14 replies

Attachments: Extracted Thread (per thread starter's request)
Exit Attachments

Extracted Thread (per thread starter's request)

  • #1,041
  • Jan 20, 2014 12:56pm Jan 20, 2014 12:56pm
Quoting TyLamai
Hello Magix. I have spent the last week catching up with y'all so that I don't ask foolish questions and tinkering with the EAs I received (Harmonics, XmasBot, and STOMA). I have a few questions (if I may?): #1: I have a LIVE nano account (1 cents per pip) with a balance of 48,000cents . How would this affect the default settings on the 3 afore-mentioned EAs? Do I need to multiply the starting lot of 0.01 by 10? 100? #2: What about other settings like "tp_in_money = $1"? Do I need to make that something like "tp_in_money = 0.10cents" or something?...

Hi,

I try to help you, if no problem:

1. your account is 480 USD, if 1 pip = 0.01 USD than you use 0.001 lot? if yes, start_lot=0.001
2. tp_in_money=0.1
3. yes, you could multiply 20
4. in post 678 http://www.forexfactory.com/showthread.php?p=7165515#post7165515
  • #1,042
  • Jan 20, 2014 12:57pm Jan 20, 2014 12:57pm
Quoting Magix
{quote} Download information HERE (http://www.forexfactory.com/attachment.php?attachmentid=1313849). Though is a different trigger for this ea, the standard settings are the same.

hi magix
i download your ea but dont idea ...................which ea is best plz tell (min DD and max profit)

i tested becktest but no idea

i set my demo account your ea ...............after set my real account

now on work OBOS Divergence my real
  • #1,043
  • Jan 20, 2014 1:11pm Jan 20, 2014 1:11pm
Quoting armaros
{quote} Hi, I try to help you, if no problem: 1. your account is 480 USD, if 1 pip = 0.01 USD than you use 0.001 lot? if yes, start_lot=0.001 2. tp_in_money=0.1 3. yes, you could multiply 20 4. in post 678 http://www.forexfactory.com/showthread.php?p=7165515#post7165515
No armaros - No problem. I appreciate your help.

Firstly, my account is 480 BUT it's listed as 48,000 cents (that the way it's "written" in the MT4 platform)

Secondly, I tried manually entering the lot size you suggested (i.e. 0.001) - it DIDN'T accept that so I guess I can't use that...which leave me with 2 options I guess:

#1. Use lot size = 0.01 (1 cent per pip) OR
#2. Use lot size = 0.10 (10 cents per pip)

Please understand that my broker is Profiforex so the cost of 1 pip starts at 0.1 cent.

So which of the 2 above is recommended?

Maybe am confused.

Help me if you can. Thanks.

Ty
My job: I speculate and manage risk.
  • #1,044
  • Jan 20, 2014 1:14pm Jan 20, 2014 1:14pm
TyLamai and Vipbabariya

Magix will not answer questions to people that come onto the thread and demand settings for a Live account.

Do your due diligence like the rest of the people here and test on Demo first......

The ea's are good with the default settings.

Run some tests on strategy tester to see what is the best Lot , TP etc.
  • #1,045
  • Jan 20, 2014 1:30pm Jan 20, 2014 1:30pm
Quoting vipbabariya
{quote} hi magix i download your ea but dont idea ...................which ea is best plz tell (min DD and max profit) i tested becktest but no idea i set my demo account your ea ...............after set my real account now on work OBOS Divergence my real
Buddy.. Read this whole thread and Magix's OBOS thread and you will be clear of all doubts.. Most of us here did that and it helped..
  • #1,046
  • Jan 20, 2014 1:30pm Jan 20, 2014 1:30pm
Quoting Gvc
TyLamai and Vipbabariya Magix will not answer questions to people that come onto the thread and demand settings for a Live account. Do your due diligence like the rest of the people here and test on Demo first...... The ea's are good with the default settings. Run some tests on strategy tester to see what is the best Lot , TP etc.
Gvc am NOT trying to cause any problems here or anywhere else. As far as I know no broker offers nano accounts as DEMO. I mentioned above that I have setup quite a number of DEMO micro accounts - I have no issues with these.

I simply would like to know HOW these default settings affect my nano account (I honestly DIDN'T know anything about not answering questions about live accounts).

Nevertheless - Thanks for the update, I WILL sort it out myself - no sweat.

Regards,

Ty
My job: I speculate and manage risk.
  • #1,047
  • Jan 20, 2014 3:57pm Jan 20, 2014 3:57pm
Quoting TyLamai
{quote} Gvc am NOT trying to cause any problems here or anywhere else. As far as I know no broker offers nano accounts as DEMO. I mentioned above that I have setup quite a number of DEMO micro accounts - I have no issues with these. I simply would like to know HOW these default settings affect my nano account (I honestly DIDN'T know anything about not answering questions about live accounts). Nevertheless - Thanks for the update, I WILL sort it out myself - no sweat. Regards, Ty

Sorry for the delayed response...

Simple answer to the lot sizing on a micro account, I don't know.

I am not trading with one of these nor have I ever worked with one, so I am of no use to you.

As I understand, if left at default, it would trade a penny size start and look for a net dime to exit, but I cannot be 100% sure.

As for the settings that look different in the Harmonics version...they are of really no consequence. Leave at default and you shan't go wrong. This one was run for a few weeks at default on the M5 with fairly decent success. I am not sure how it would have handled the latest streams of plays by some of the pairs, but I do encourage forward testing to get a handle on this.

I am assuming that this isn't your first go round with these, so I know you full well are aware of the risks involved and would encourage you to take all measures for equity protection.

If the fit hits the shan, make sure you know where the door is.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,048
  • Jan 20, 2014 3:59pm Jan 20, 2014 3:59pm
Quoting vipbabariya
{quote} hi magix i download your ea but dont idea ...................which ea is best plz tell (min DD and max profit) i tested becktest but no idea i set my demo account your ea ...............after set my real account now on work OBOS Divergence my real
There is no simple answer to this question.

You have been provided with an array of EAs that all have merits but all offer a certain degree of risk.

Where some will do well in sideways, they will be exceedingly risky in trends. Where others are weak in sideways channels, they will work safer in trends.

As has been suggested, take the time to, if not read through the threads for information, forward test on a demo account to see which will be best, for you.

It is your money that's on the line, so really, the only opinion that should matter, is your own.

Trade well!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,049
  • Jan 20, 2014 6:36pm Jan 20, 2014 6:36pm
GOT The New BOT(s). And thanks for starting the EA threads. This charity of choice is a very classy way for you to distribute them.
If you are good at something, never do it for free--Joker
  • #1,050
  • Jan 20, 2014 6:40pm Jan 20, 2014 6:40pm
Quoting jmn5611
GOT The New BOT(s). And thanks for starting the EA threads. This charity of choice is a very classy way for you to distribute them.
It is really for 2 purposes...

1. Having to give a little makes sure that others will commit effort.
2. It really is a good way to see the good in others.

There's a quite a few of the donations that have shown up as monthly contributions.

Awesome efforts by all.

Thanks for the donation JMN, and welcome aboard!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,051
  • Edited 7:44pm Jan 20, 2014 7:33pm | Edited 7:44pm
Quoting Magix
As I understand, if left at default, it would trade a penny size start and look for a net dime to exit, but I cannot be 100% sure. ...
YOU sir are correct!

It did CLOSE to what as you said above [the difference is that it took a penny ($0.01 cent) at exit also] and since I wanted it to do 10 times as much, what I did was:

- deactivate EA button
- close ALL open trades at profit,
- increase the relevant parameters by 10 (i.e. startlot = 0.1, increment = 0.1 & tp_in_money = 10, everything else = default)
- restart EA

Quote
...Harmonics version...they are of really no consequence. Leave at default and you shan't go wrong. This one was run for a few weeks at default on the M5 with fairly decent success. I am not sure how it would have handled the latest streams of plays by some of the pairs, but I do encourage forward testing to get a handle on this...

Yeah, this is also true. I have a demo that I use for trading manually on the H4. Yesterday I decided to ADD a harmonics to the M30 charts of my favourite 12 Pairs (which I also trade manually)! Delightful to watch to say the least.

Again I changed the parameters just like I did above for STOMA (i.e. startlot = 0.1, increment = 0.1 & tp_in_money = 10, everything else = default). The reason is that when I trade manually on this demo I use mini lots.

Someone might be asking WHY I did not open a separate demo account to test Harmonic on...well I did that too (see below). But I just wanted to TRY out harmonics on a HIGHER TF and decided to simply load it onto my manual H4 demo account (you can differentiate the trades via the comments column). See myfxbooks below:

H4 Manual Trading + M30 Harmonics: (FxPro)
http://www.myfxbook.com/members/TyLamai/singletradeszone/811607

Pure Harmonics (by itself on the M5): (FxPrimus)
http://www.myfxbook.com/members/TyLamai/magicalharmony-1k/808314


Quote
...I am assuming that this isn't your first go round with these, so I know you ful well are aware of the risks involved and would encourage you to take all measures for equity protection...

Yeah MGX, I am aware and you are correct this isn't my first go.

I trade using the basket trading system and also manually so I know what am up against. I just decided to try these on a breathing nano account just for S & Gs.

Thank you MGX. I will paste the remainder of my demo test accounts below if you don't mind.

Regards,

Ty
My job: I speculate and manage risk.
  • #1,052
  • Jan 20, 2014 8:01pm Jan 20, 2014 8:01pm
---------------------------------------------------------
As promised, here are the OTHER demo accounts I have setup so far to test the various EAs
---------------------------------------------------------

Another Harmonics: Continued from a demo account PREVIOUSLY run with another EA: (Profiforex)
http://www.myfxbook.com/members/TyLamai/harmony-25k/789991

---------------

STOMA: Also continued from a demo account PREVIOUSLY run with another EA: (AlpariUK)
***The Idea here is to TRY and redeem this account using STOMA.
http://www.myfxbook.com/members/TyLamai/stormy-50k/789988

Pure STOMA (by itself on the M1): (XM.com)
http://www.myfxbook.com/members/TyLamai/magicalstorm-3k/805786

---------------

XMAS BOT1: (FxPrimus)
***The variation which requires "manual intervation" by way of swiching templates EVERY wednesday after London close
http://www.myfxbook.com/members/TyLamai/magicalxmas1-1k/809495

XMAS BOT2: (FxPrimus)
http://www.myfxbook.com/members/TyLamai/magicalxmas2-1k/809485

XMAS BOT3: (FxPrimus)
***this is actually the AGGRESSIVE version of XMAS BOT2
http://www.myfxbook.com/members/TyLamai/magicalxmas3-1k/809486

XMAS BOT4: (FxPrimus)
***The variation that employs TDI
http://www.myfxbook.com/members/TyLamai/magicalxmas4-1k/809487


I will set up MORE demo accounts based on other EAs like the OBOS Divergence, Follow the Leader, "PA"???, HAT, etc as they come.

Once again Magix...THANKS a gazillion for all your effort.

Regards,

Ty
My job: I speculate and manage risk.
  • #1,053
  • Jan 20, 2014 8:02pm Jan 20, 2014 8:02pm
...and YES Magix, am a TESTING HOG - that's just who I am!

Ty
My job: I speculate and manage risk.
  • #1,054
  • Jan 20, 2014 8:45pm Jan 20, 2014 8:45pm
Quoting TyLamai
...and YES Magix, am a TESTING HOG - that's just who I am! Ty
Keep it coming, brother!

All good with me and I admire your commitment to learning as much from as many as you can!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,055
  • Jan 20, 2014 9:02pm Jan 20, 2014 9:02pm
Okay, there must be a pdf to tell me more about the different inputs to the EAs. Anybody got one? There is none at the paperclip.
If you are good at something, never do it for free--Joker
  • #1,056
  • Jan 20, 2014 9:09pm Jan 20, 2014 9:09pm
Quoting jmn5611
Okay, there must be a pdf to tell me more about the different inputs to the EAs. Anybody got one? There is none at the paperclip.

HAT is another variant, but with exception of the indicators, all the settings are explained HERE (http://www.forexfactory.com/attachment.php?attachmentid=1313849).

And really if was left up to me, I wouldn't have even gotten this done.

All thanks to the Chairman!!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,057
  • Jan 20, 2014 9:13pm Jan 20, 2014 9:13pm
Quoting Magix
{quote} HAT is another variant, but with exception of the indicators, all the settings are explained HERE (http://www.forexfactory.com/attachment.php?attachmentid=1313849). And really if was left up to me, I wouldn't have even gotten this done. All thanks to the Chairman!!
Perfect! Thanks Magix
If you are good at something, never do it for free--Joker
  • #1,058
  • Jan 20, 2014 11:34pm Jan 20, 2014 11:34pm
Quoting harry45
{quote} Hi Kosmo,i run it on M5. Regards
Hi Harry,

I just found this thread today and am still going through this one and the STOMA Manual trading one. Just need to ask (as my main focus is on automated trading). Is that FTL EA to be found in this thread, or somewhere else?

Thanks in advance
  • #1,059
  • Jan 21, 2014 12:06am Jan 21, 2014 12:06am
Quoting magix
{quote} there is no simple answer to this question. You have been provided with an array of eas that all have merits but all offer a certain degree of risk. Where some will do well in sideways, they will be exceedingly risky in trends. Where others are weak in sideways channels, they will work safer in trends. As has been suggested, take the time to, if not read through the threads for information, forward test on a demo account to see which will be best, for you. It is your money that's on the line, so really, the only opinion that should matter,...

thanks magix

thanks all
  • #1,060
  • Jan 21, 2014 12:49am Jan 21, 2014 12:49am
Quoting TyLamai
...and YES Magix, am a TESTING HOG - that's just who I am! Ty

whish vision is XMAS 1?????????????????
http://www.myfxbook.com/members/TyLa...mas1-1k/809495 (http://www.myfxbook.com/members/TyLamai/magicalxmas1-1k/809495)
1 trader viewing now