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Great EA, I just need a bit of help

  • #21
  • Sep 17, 2014 1:01am Sep 17, 2014 1:01am
Quoting Pips200
{quote} Sorry but the valors in setting pannel are in micropips? so 25 SL is 2,5 pips?
Yes, that is correct. Micro pips, my favorite lol
  • #22
  • Sep 17, 2014 1:07am Sep 17, 2014 1:07am
Quoting FXForLife
{quote} Yes, that is correct. Micro pips, my favorite lol
  • #23
  • Sep 17, 2014 2:38am Sep 17, 2014 2:38am
My trades for today:
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1.png Size: 45 KB
  • #24
  • Sep 17, 2014 3:01am Sep 17, 2014 3:01am
Quoting FXForLife
My trades for today: {image}
A questio,pardon if alrady explained
my broker has GMT +3
i have to set OOO ?
  • #25
  • Sep 17, 2014 3:16am Sep 17, 2014 3:16am
Quoting Pips200
{quote} A questio,pardon if alrady explained my broker has GMT +3 i have to set OOO ?
No problem. Yes, set the DailyStartHour to "0000" if you want the day to start at 0 GMT. It doesn't matter what your broker's time is. Set the DailyStartHour to "0000" and the EA will automatically start taking the dailyhigh and dailylow from 0 GMT no matter what your broker time is. And with this strategy you do want the dailyhigh and dailylow taken starting from 0 GMT as this is the start of the forex session as far as I know lol.
  • #26
  • Sep 17, 2014 3:21am Sep 17, 2014 3:21am
Quoting FXForLife
{quote} No problem. Yes, set the DailyStartHour to "0000" if you want the day to start at 0 GMT. It doesn't matter what your broker's time is. Set the DailyStartHour to "0000" and the EA will automatically start taking the dailyhigh and dailylow from 0 GMT no matter what your broker time is. And with this strategy you do want the dailyhigh and dailylow taken starting from 0 GMT as this is the start of the forex session as far as I know lol.
and manual GMT offset? the default valor is 1 but for me i have to set +3?
mate,is the last question
  • #27
  • Sep 17, 2014 3:24am Sep 17, 2014 3:24am
Whao, my preferred pair! I'll get a try. Tnks
Per aspera ad astra
  • #28
  • Sep 17, 2014 8:55am Sep 17, 2014 8:55am
[quote=FXForLife;7743353]{quote} You're welcome. I just hope it can make money now with a live forward test! As for your questions: I just got the EA set up on the chart today and am beginning demo forward testing. I've had two trades so far and they were executed correctly so the EA seems to be functioning like it should. More testing is needed though. The backtesting was really solid but Metatrader can do weird things with backtests so I think the best approach from here is cautious optimism lol I placed the EA on the 1 minute chart but it should work the same on any time frame unless xux99 has something to say about it. Thanks kasra...[
Thanks again , green pips
  • #29
  • Sep 17, 2014 9:17am Sep 17, 2014 9:17am
Quoting FXForLife
SOMETHING THAT MUST BE SAID: on line 544 of the code you'll see this: return (Close[0]>DailyHigh-3*Point && ct>400 && ct<1200); 400 and 1200 refer to the times when the code is activated. So that code means the EA takes signals from 400 to 1200. 400 represents 100 GMT and should be adjusted as required based on your broker's server time. 1200 represents 900 GMT and should be adjusted as required based on your broker's server time. This way the EA starts trading 1 hour after 0 GMT, the open of the forex market and stops 8 hours later. The timing...
I have uploaded a new EA version that calculates trading times automatically according to broker GMT offset. Chart time frame matters for entry signals. ManualGMTOffset and DSTOffset options should be used only during backtests or if AutoGMTOffset does not function properly. Reliable backtests require complete M1 data.
  • #30
  • Sep 17, 2014 12:53pm Sep 17, 2014 12:53pm
Quoting xux99
{quote} I have uploaded a new EA version that calculates trading times automatically according to broker GMT offset. Chart time frame matters for entry signals. ManualGMTOffset and DSTOffset options should be used only during backtests or if AutoGMTOffset does not function properly. Reliable backtests require complete M1 data.
Is this ea uploaded in post #1?
  • #31
  • Sep 17, 2014 1:06pm Sep 17, 2014 1:06pm
It is in post #2.
  • #32
  • Sep 17, 2014 1:22pm Sep 17, 2014 1:22pm
Quoting xux99
{quote} I have uploaded a new EA version that calculates trading times automatically according to broker GMT offset. Chart time frame matters for entry signals.
Thank you!

Quoting xux99
{quote}ManualGMTOffset and DSTOffset options should be used only during backtests or if AutoGMTOffset does not function properly. Reliable backtests require complete M1 data.
OK, that explains some of my backtest results. Thanks for the explanation.
  • #33
  • Sep 17, 2014 1:31pm Sep 17, 2014 1:31pm
Quoting Pips200
{quote} and manual GMT offset? the default valor is 1 but for me i have to set +3? mate,is the last question
Lol, no worries. According to xux99: "ManualGMTOffset and DSTOffset options should be used only during backtests or if AutoGMTOffset does not function properly. "

And if you do have to you use manual GMT offset, set it to your broker's server time, mine is GMT +3.
  • #34
  • Sep 17, 2014 1:49pm Sep 17, 2014 1:49pm
Is it possible to have an explanation of the strategy this EA uses in making it's trading decisions, so that manual comparisons can be made? Tnx.
  • #35
  • Sep 17, 2014 5:02pm Sep 17, 2014 5:02pm
in a live account DSTOffset need to be in position true or false
defoult is true
  • #36
  • Sep 17, 2014 10:23pm Sep 17, 2014 10:23pm
Quoting LITEchild
Is it possible to have an explanation of the strategy this EA uses in making it's trading decisions, so that manual comparisons can be made? Tnx.
Absolutely.

This strategy is very simple and as old as the Star Wars galaxy:

The EA BUYS at the HIGHS of the session (Close[0]>DailyHigh-3*Point && TradingTime[0]) and SELLS at the lows of the session of your choosing (Close[0]>DailyHigh-3*Point && TradingTime[0]). I've found the system works best when it takes a daily high and daily low from 0 GMT. This is why DailyStartHour is set to "0000". It uses a really tight stop loss (25 points) and a nice take profit (180 points), which you can adjust lower or maybe even a bit higher if you want. You can also martingale a bit if you like. The current setting is 1.2. If you're going to martingale, my advice is to try not to lol. The EA is also set to compound which is going to be crucial for this systems success. You can adjust this parameter with RiskPerTrade near the top of the code. The equation for this parameter is AccountFreeMargin x RiskPerTrade / 1000 = lotsize.

You can set your trading session times like this:

input string TradingSession1 = "01001200";
input string TradingSession2 = "00000000";
input string TradingSession3 = "00000000";

where "01001200" means the trading session will begin at 0100 and end at 1200.

The highs and lows can be good and bad but most countertrend traders know the market eventually breaks out. Here lies the foundation for the system. And also a good risk to reward ratio. Hope this helps. Have a good one..
  • #37
  • Sep 17, 2014 10:31pm Sep 17, 2014 10:31pm
Quoting Pips200
in a live account DSTOffset need to be in position true or false defoult is true
If you need to use DSTOffset, I don't think it matters whether it's a live or account or a demo account. That variable, DSTOffset, (Daylight Savings Time Offset) is a time dependent variable, not an account type variable. So if you need to use it, set it to true and don't worry whether it's a live account or a demo account because either way it won't affect the EA's functioning. Aced
  • #38
  • Sep 18, 2014 12:33am Sep 18, 2014 12:33am
Quoting FXForLife
{quote} If you need to use DSTOffset, I don't think it matters whether it's a live or account or a demo account. That variable, DSTOffset, (Daylight Savings Time Offset) is a time dependent variable, not an account type variable. So if you need to use it, set it to true and don't worry whether it's a live account or a demo account because either way it won't affect the EA's functioning. Aced
thank'you so much
  • #39
  • Sep 18, 2014 12:39am Sep 18, 2014 12:39am
Quoting FXForLife
{quote} Absolutely. This strategy is very simple and as old as the Star Wars galaxy: The EA BUYS at the HIGHS of the session (Close[0]>DailyHigh-3*Point && TradingTime[0]) and SELLS at the lows of the session of your choosing (Close[0]>DailyHigh-3*Point && TradingTime[0]). I've found the system works best when it takes a daily high and daily low from 0 GMT. This is why DailyStartHour is set to "0000". It uses a really tight stop loss (25 points) and a nice take profit (180 points), which you can adjust lower or maybe even a bit higher if you want....
Tnx for the detailed explanation. Makes sense perfectly. Trade well.
  • #40
  • Sep 18, 2014 12:40am Sep 18, 2014 12:40am
Quoting Pips200
{quote} thank'you so much
no problem Pips200..
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