{quote} Tnx for the detailed explanation. Makes sense perfectly. Trade well.
lol
- #45
- Sep 18, 2014 4:48pm Sep 18, 2014 4:48pm
no trade this morning?
I am testing with a take profit of 100 points and as you can see there was a win (small green check mark). Does my chart look similar to yours? Are you getting the same arrows (where the EA took trades)? Perhaps your settings are different..
- #46
- Sep 18, 2014 5:12pm Sep 18, 2014 5:12pm
hi everyone! just came across into this thread.. and i think it is very promising! i downloaded the EA on post #2, is there any parameters to change or just as it is?
Hi cyd09. It's set well right out of the box but you still might want to change a few things (especially MartingaleMultiplier)
On line 14 of the code (near the top) you'll see a RiskPerTrade Parameter:
input double RiskPerTrade = 0.01;
the formula for this is AccountFreeMargin x RiskPerTrade / 1000 = lotsize
On line 19 you'll see a MartingaleMultiplier parameter:
input double MartingaleMultiplier=1.2;
This will increase your lotsize by a factor of 1.2 times. My recommendation is unless you can do a full backtest of USDJPY over the last 10 years or so, don't think about using this. try setting it to 1.0 so that your lotsize stays even (the same).
You can also adjust these settings from line 23 to 32 which you should be familiar:
input int stoploss_points=25;
input int takeprofit_points=180;
//breakeven
input bool use_breakeven=true;
input int breakeven_threshold_points=90;
input int breakeven_addition_points=5;
//trailing stop
input bool useTrailingStop=false;
input int trailingStop_threshold=01;
input int trailingStop_trail=01;
where threshold refers to when the function becomes activated. Meaning that's when the breakeven or trailing stop kicks in.
As far as most of the other settings I would leave them as they are. A lot of thought was put into the trading session time settings because the timing with this EA really matters. You can of course do what you want and experiment to see if you can find other session times that work well. Hope this helps and if you have any more questions don't hesitate to ask
- #52
- Sep 18, 2014 7:12pm Sep 18, 2014 7:12pm
i put 2 sessions trade from 0400 am to 15.00 pm and from 15.00 to 18.00 pm you? i see you have the same GMT + 3 i live in italy
(The Loonie)
- #54
- Sep 18, 2014 8:45pm Sep 18, 2014 8:45pm
hi fxforlife, thank you for the detailed explanation, maybe i will just add a trading session just like yours 0100 GMT to 1200 GMT. Is there an effect for the trading sessions? from your testing is that the best trading session 0100 GMT to 1200 GMT? maybe i will just put into the test.. thanks again!
Anyway here's a chart from today showing why there can be momentum starting around 0 GMT on USDJPY:
