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As simple as possible: 00 level trading

  • #2,101
  • Jun 12, 2014 11:33am Jun 12, 2014 11:33am
Quoting ckikadikoi
some warning when compil as : return value of 'OrderSelect' should be checked chaosbun_00_level_v3.mq4 330 7 return value of 'OrderModify' should be checked chaosbun_00_level_v3.mq4 503 13 return value of 'OrderModify' should be checked chaosbun_00_level_v3.mq4 509 13 mt4 version 4 build 646 Is it working with that ?
It don't affect the operation of the EA, no worries.
Learn to Trade is Important. Keep your bias & ego aside.
  • #2,102
  • Jun 12, 2014 11:33am Jun 12, 2014 11:33am
ok chaosun thxs
  • #2,103
  • Jun 12, 2014 11:35am Jun 12, 2014 11:35am
My EA open EJ short

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-h4-forex-capital-markets-2.png Size: 217 KB



Remember a smiley face will appear if you manage to tick allow live trading.

Don't use on your live account, use on demo . This EA still got a lot of flaws.

All tweaking/suggestions please share here and I will made changes. because the more you guys share, the more this EA will be better and
everyone here will be gaining some maybe consistent money.


Version 3 download: http://www.forexfactory.com/showthre...13#post7532113
Learn to Trade is Important. Keep your bias & ego aside.
  • #2,104
  • Jun 12, 2014 11:44am Jun 12, 2014 11:44am
Quoting chaosbun
{quote} If you want to TP by trail stop, then you will set TP extremely high. If you want play NO Stop loss until win. you will set SL extremely high, because it will either have 3 situation 1) Your account burst 2) You close position in SL by Break Even + N Pips 3) Your position continue run because trade din't get into the positive zone yet. By default I set TP as 5 and SL as 8 (because you need add 2 more pips for the spread) , well as of now I don't use dynamic spread calculation. So I roughly assume spread to be 2.

Got it, Thanks

Regards,
Cigarguy
Keep It Simple
  • #2,105
  • Jun 12, 2014 12:02pm Jun 12, 2014 12:02pm
Quoting cigarguy
{quote} chaosbun, OK, I see what you mean. So just set the TP extremely high and then the 3.5 pip trailing SL will close when it reverses. Is this correct? I ask because in 10years, I have never used an EA's, always traded manually. Regards, Cigarguy
lol. I'm like you cigarguy. Traded manually all these years.

I also have a question regarding E/A hidden SL. If you are in profit and want to change the hidden SL to 0, will it close out at BE if price suddenly reverses?
  • #2,106
  • Jun 12, 2014 12:07pm Jun 12, 2014 12:07pm
Quoting MKFXTrader
{quote} lol. I'm like you cigarguy. Traded manually all these years. I also have a question regarding E/A hidden SL. If you are in profit and want to change the hidden SL to 0, will it close out at BE if price suddenly reverses?
Trail start is the value you talking about.

If you set Trail start at 1 (Default) Trail stop at 3

If price went more than 5 pips above your open price, you will at least close in 1 pip profit (unless price jump 2 pip or more - rare cases *possible in high impact news*)

SL is at least BE+1 (Trail start is the *At least* factor)

Trail will be 3 pips + 1 (to begin) and 3 ( to continue after that )
Learn to Trade is Important. Keep your bias & ego aside.
  • #2,107
  • Jun 12, 2014 12:08pm Jun 12, 2014 12:08pm
I changed the Trailing behavior of the EA to let it save 0.5 pip and start the trailing at 35 pippets or 3.5 pips.

New version here, edited sections marked.

Attached File(s)
File Type: mq4 chaosbun_00_level_v3.1.mq4   15 KB | 569 downloads
  • #2,108
  • Jun 12, 2014 12:08pm Jun 12, 2014 12:08pm
Quoting MKFXTrader
{quote} lol. I'm like you cigarguy. I also have a question regarding E/A hidden SL. If you are in profit and want to change the hidden SL to 0, will it close out at BE if price suddenly reverses?
MKFXTrader,

Good question as well! I'm not a EA guy and never used and trying to figure out ways to adjust it to my style.

Regards,
Cigarguy
Keep It Simple
  • #2,109
  • Jun 12, 2014 12:10pm Jun 12, 2014 12:10pm
Quoting mpillmann
I changed the Trailing behavior of the EA to let it save 0.5 pip and start the trailing at 35 pippets or 3.5 pips. New version here, edited sections marked. {file}
Oh nice update. 3.5 will be cool

I patch your changes to my copy, so next version will use your setting for trailing
Learn to Trade is Important. Keep your bias & ego aside.
  • #2,110
  • Jun 12, 2014 12:28pm Jun 12, 2014 12:28pm
eu target hit on 500LV.. in the greens for the day.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.im15.png Size: 61 KB
Passion, Persist, Patience, Protect
  • #2,111
  • Jun 12, 2014 12:46pm Jun 12, 2014 12:46pm
Quoting unimak
{quote} does this trade on its own or do i hv to set pending orders ?
Hello, a stupid question: I know the pending order, but what means "its own"?
  • #2,112
  • Jun 12, 2014 12:49pm Jun 12, 2014 12:49pm
Quoting rmndschmidt
{quote} Hello, a stupid question: I know the pending order, but what means "its own"?
He was asking if the EA placed its own trades, or whether the user would have to manually place pending orders.
Small disciplines repeated with consistency lead to great achievements.
  • #2,113
  • Jun 12, 2014 12:51pm Jun 12, 2014 12:51pm
Quoting rmndschmidt
{quote} Hello, a stupid question: I know the pending order, but what means "its own"?

It means it will trade, once it is set up, automatically; entries, stops, close, etc.,

Regards,
Cigarguy
Keep It Simple
  • #2,114
  • Jun 12, 2014 1:09pm Jun 12, 2014 1:09pm
Quoting jmflukeiii
{quote} He was asking if the EA placed its own trades, or whether the user would have to manually place pending orders.
Itīs not the best if the EA makes possible to choose both possibilities. Every trader has his own methode and so CHAOSBUN can solve the problen with the support/resistance. Before I trade I look for myself for supportlines and take the input. (sorry if my English is not good)
@chaosbun: How do you think about?
  • #2,115
  • Jun 12, 2014 1:11pm Jun 12, 2014 1:11pm
Hahaha i wake up and i see more EAs, so now what u guyz are using? I like the "UdinesOpenStopOrder" and u put it manually cuz u can see all the market and think when to join or not. But i want to edit it for the SL in profit 35 and not 10. Anyone knows how to modify it?
  • #2,116
  • Jun 12, 2014 1:11pm Jun 12, 2014 1:11pm
Do u guys trade at this hour?? Or the rule is to only trade when a new session opens?

EJ is volatile now, but have been burnt a few times, all were during this time.
  • #2,117
  • Jun 12, 2014 1:43pm Jun 12, 2014 1:43pm
Quoting chaosbun
{quote} Oh nice update. 3.5 will be cool I patch your changes to my copy, so next version will use your setting for trailing
You can use the code inside FFCal the author wrote there to check for news:
(of course this means you cannot back test it)

// EXAMPLE CODE FOR USE IN AN EA:
// (NOTE I HAVE PUT IN CODE TO CALL THE INDICATOR ONLY ONCE PER MINUTE)
//
// // EA Setting variables
// extern int MinsBeforeNews = 60; // mins before an event to stay out of trading
// extern int MinsafterNews = 30; // mins after an event to stay out of trading
//
// // Global variable at top of file
// bool NewsTime;
//
// // Function to check if it is news time
// void NewsHandling()
// {
// static int PrevMinute = -1;
//
// if (Minute() != PrevMinute)
// {
// PrevMinute = Minute();
//
// int minutesSincePrevEvent =
// iCustom(NULL, 0, "FFCal", true, true, false, true, true, 1, 0);
//
// int minutesUntilNextEve nt =
// iCustom(NULL, 0, "FFCal", true, true, false, true, true, 1, 1);
//
// NewsTime = false;
// if ((minutesUntilNextEvent <= MinsBeforeNews) ||
// (minutesSincePrevEvent <= MinsAfterNews))
// {
// NewsTime = true;
// }
// }
// }//newshandling
//
  • #2,118
  • Jun 12, 2014 1:53pm Jun 12, 2014 1:53pm
Do you guys mind to open a seperate thread for coding and discussing the settings of an EA based on this strategie???
The last 2,5 sites is just because on an EA....
  • #2,119
  • Jun 12, 2014 1:59pm Jun 12, 2014 1:59pm
Quoting ericjschroed
{quote} You can use the code inside FFCal the author wrote there to check for news: (of course this means you cannot back test it) // EXAMPLE CODE FOR USE IN AN EA: // (NOTE I HAVE PUT IN CODE TO CALL THE INDICATOR ONLY ONCE PER MINUTE) // // // EA Setting variables // extern int MinsBeforeNews = 60; // mins before an event to stay out of trading // extern int MinsafterNews = 30; // mins after an event to stay out of trading // // // Global variable at top of file // bool NewsTime; // // // Function to check if it is news time // void NewsHandling()...

You might need attach FFCal Indicator here
Learn to Trade is Important. Keep your bias & ego aside.
  • #2,120
  • Jun 12, 2014 2:11pm Jun 12, 2014 2:11pm
Quoting pannet1
{quote} Hi Eric, I will not touch the EA till you do it. This way we avoid duplicate work. So please tell me if you are finished. May be we need to host it on Github or something.
Go ahead and work on it. Making the TS hidden without screwing everything up is getting a bit complicated.
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