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Great EA, I just need a bit of help

  • #81
  • Sep 23, 2014 4:50pm Sep 23, 2014 4:50pm
Quoting kdta
Hello FXForLife, I am not getting any trades and the display shows totally different to yours. I have attached the screenshot and the used Settings. Could you please advise what I did wrong? {image} {image} {image} {image} {image}
Hmm your settings look good. You might want to read my other posts about alternative settings though. I'm not sure why your display looks like that. It says the Daily Start is 1970. That can't be right. I'm really not sure what to do. Try re-compiling the EA maybe. I'm sorry, I'm not really a programmer. I wish I could help more. The EA should basically work right out of the box. I'm not sure why it's not working for you.

Wait, I'm looking at the first screenshot from your last post and it looks like you are in a trade because of the dashed green line at the top of the chart in the picture. Maybe that has something to do with it. You probably shouldn't be in any USDJPY trades before running the EA. Hopefully this helps.
  • #82
  • Sep 23, 2014 7:00pm Sep 23, 2014 7:00pm
Quoting orangutangas
{quote} I have read ALL the post here but getting the charts i sent you before... My broker starts at 000 GMT. For back testing settings are kept the same: {image}
If you're trying to backtest version 1.01 of the EA apparently this is not possible. (Even if your broker's server time is 0 GMT. But maybe I am wrong.) Apparently the EA is only for forward testing. So, we are all sad, but here's a joke: What did the square say to the circle? See you around. lol

The EA in the first post might work though if your broker's server time is 0 GMT. You could try that for backtesting.
  • #83
  • Sep 23, 2014 7:27pm Sep 23, 2014 7:27pm
Quoting StingrayEA
Hi guys, How is the live test result for this EA ? Is it good for usdJPY only ? Is it possible to work on any TF ? Best Regards.
I have been testing for 4 days now and am in profit overall. I have been turning the EA off after a win and that seems to be working well although you can miss trades that way and I already have. The conditions over the last 4 days have been pretty good for the EA. Of course I would say much more testing needs to happen.

I would probably only trade USDJPY as it backtested the best in terms of consistency. That's just my opinion though.

Here is a trade from yesterday:

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1 Daily Breakout Sept 23 2014.png Size: 48 KB
  • #84
  • Sep 24, 2014 1:55am Sep 24, 2014 1:55am
Quoting FXForLife
{quote} If you're trying to backtest version 1.01 of the EA apparently this is not possible. (Even if your broker's server time is 0 GMT. But maybe I am wrong.) Apparently the EA is only for forward testing. So, we are all sad, but here's a joke: What did the square say to the circle? See you around. lol The EA in the first post might work though if your broker's server time is 0 GMT. You could try that for backtesting.
Nice joke tried and from post #1 that EA, results the same..
  • #85
  • Sep 24, 2014 4:30pm Sep 24, 2014 4:30pm
Quoting orangutangas
{quote} Nice joke tried and from post #1 that EA, results the same..
haha thanks orangutangas. Try using EA from post #1 and set MartingaleMultiplier to 1.0 instead of 1.2. The reason you're getting those equity graphs is because the system is martingaling the losses. What happens then is that you will run out of margin if you have too many losses in a row, so the test will just stop.
  • #86
  • Sep 24, 2014 4:54pm Sep 24, 2014 4:54pm
The system had its worst day since I began testing. I'm going to the lotto store to try to recover my losses.
  • #87
  • Sep 25, 2014 5:00am Sep 25, 2014 5:00am
Quoting FXForLife
The system had its worst day since I began testing. I'm going to the lotto store to try to recover my losses.


  • #88
  • Sep 25, 2014 7:52am Sep 25, 2014 7:52am
Hello there
can anyone help me writing this code:
suppose I have a pending buylimit order
I want a code that if my buy limit order activated by market
the expert open for me: a sell stop 20 pips below the buylimit.
I tried a lot but none of my code worked.
  • #89
  • Sep 25, 2014 10:25am Sep 25, 2014 10:25am
Quoting tablet8
Hello there can anyone help me writing this code: suppose I have a pending buylimit order I want a code that if my buy limit order activated by market the expert open for me: a sell stop 20 pips below the buylimit. I tried a lot but none of my code worked.
Hi Tablet8, if u want to do that routine, u must do rescan all of your transaction open, usually this kind of routine only for one pair currency, although u can make it separate with magic number. after the buy limit active, the position will be on the last transaction open. then you keep last price open , then u do subroutine for opening your next sell stop. Hopefully this idea can help you.
  • #90
  • Sep 25, 2014 12:13pm Sep 25, 2014 12:13pm
Quoting StingrayEA
{quote} Hi Tablet8, if u want to do that routine, u must do rescan all of your transaction open, usually this kind of routine only for one pair currency, although u can make it separate with magic number. after the buy limit active, the position will be on the last transaction open. then you keep last price open , then u do subroutine for opening your next sell stop. Hopefully this idea can help you.
thank you for the answer, but this is the hard way, I have a weak knowledge of mql4, I can't do it.​
  • #91
  • Sep 25, 2014 12:37pm Sep 25, 2014 12:37pm
there is many way to learn mql4. U can visit to metaquotes.net then you choose document for mt4 , or from metatrader editor, u click ,metatrader 4 logo. then learn from the document.
  • #92
  • Sep 26, 2014 8:14pm Sep 26, 2014 8:14pm
Hello FXForLife, Firstly I want to thank you for sharing the EA. I've been testing it and have got many different results, depending on the broker used and the settings used. I found the EA to work very well on Armada Markets ECN account (demo) and for it to truly suck on classic kind of accounts with fixed spreads. I've also found that it works best on Daily, rather than 1M. I need to test further. I like Daily the most.
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...
Since I see you're using Armada too, what is the setting I have to set for a correct time? I will be starting forward test next Monday Thanks again and happy pips.
  • #93
  • Sep 26, 2014 8:38pm Sep 26, 2014 8:38pm
Quoting Lolaso
Hello FXForLife, Firstly I want to thank you for sharing the EA. I've been testing it and have got many different results, depending on the broker used and the settings used. I found the EA to work very well on Armada Markets ECN account (demo) and for it to truly suck on classic kind of accounts with fixed spreads. I've also found that it works best on Daily, rather than 1M. I need to test further. I like Daily the most. {quote} Since I see you're using Armada too, what is the setting I have to set for a correct time? I will be starting forward...
Hi Lolaso, really glad to see you've at least got some encouraging results. Impressive. I've done pretty well too with Armada and have decided to just leave it running on a VPS. I was trying to stop it after a loss but some days can be really good where you get 2 or 3 in a row and that puts you up. That's good you like the daily time for the running of the EA. xux99 said the chart time frame matters. I know the M1 works but haven't tried it on the daily.

Armada's server time is GMT +3. The strategy should be set to start at 4:00 Armada time which is 0100 GMT. And I run my EA until 0900 GMT. I like being in the market for about 8 hours at a time. I'm really happy you got the EA and it's working, that's cool. One frustrating thing about not trading with the MartingaleMultiplier is that you can suffer some drawdown. My plan is to ramp up what I'm betting per trade when and if I have enough profit to do so. This EA can be fun to watch when you get some good settings but it can also be really good at discipline building lol. I wish I could go on a few vacations and then check on it a few months later. Thanks and best of luck...
  • #94
  • Sep 27, 2014 3:37am Sep 27, 2014 3:37am
Quoting FXForLife
{quote} Hi Lolaso, really glad to see you've at least got some encouraging results. Impressive. I've done pretty well too with Armada and have decided to just leave it running on a VPS. I was trying to stop it after a loss but some days can be really good where you get 2 or 3 in a row and that puts you up. That's good you like the daily time for the running of the EA. xux99 said the chart time frame matters. I know the M1 works but haven't tried it on the daily. Armada's server time is GMT +3. The strategy should be set to start at 4:00 Armada time...
I've seen best results when customizing the settings of the EA, especially when tightening up the stop-loss value (making it less dangerous..) and upping the RiskPerTrade value (making it more dangerous!).
I've tested from the default 25 stop-loss value to 3, and from 25 up to 40, finding bad results with the latter settings. This varies depending on the spread, so will have to test more closely. It looks like a 5-20 SL range of value works best in trading safely.

I'll consider a VPS, or even leaving my laptop running 24/7 for forward test, but I think the VPS is a good bet.

Try to test your current settings on the Daily chart for whatever period of time you like, I'd love to see your results.

I'll set the proper time frames on the Armada, maybe my testings were too positive due to wrong time setting... I hope not! About the martingale, I've set the value to 1.0, if I don't understand wrong that means the martingale is OFF and it definitely shows better results. Martingaling looks way too risky even with stops, I wipe the account every time.

By the way, my testings were done with just 800 USD of initial deposit and it worked ok.

I will write you a message later on. I'm looking forward to helping you make the best out of this little thing

Have a good weekend everyone!
  • #95
  • Sep 27, 2014 11:15pm Sep 27, 2014 11:15pm
Quoting Lolaso
{quote} I've seen best results when customizing the settings of the EA, especially when tightening up the stop-loss value (making it less dangerous..) and upping the RiskPerTrade value (making it more dangerous!). I've tested from the default 25 stop-loss value to 3, and from 25 up to 40, finding bad results with the latter settings. This varies depending on the spread, so will have to test more closely. It looks like a 5-20 SL range of value works best in trading safely. I'll consider a VPS, or even leaving my laptop running 24/7 for forward test,...
I'm glad you're finding settings you like. I like a small StopLoss too. I've been testing out a StopLoss of 8 points and a TakeProfit of 80 points and I'm getting a nice equity graph in the backtester. It's too bad commission isn't accounted for in the backtester though. Yes, when the MartingaleMultiplier is set to 1.0 it is off. I'll be posting the results of my testing on a VPS I'm just going to leave for a while when I have them. Hopefully things going forward are at least similar to what it says in the backtester. Kinda nervous but looking forward to it. Thanks again for your work and Good Luck!
  • #96
  • Sep 28, 2014 1:44pm Sep 28, 2014 1:44pm
Quoting FXForLife
{quote} I'm glad you're finding settings you like. I like a small StopLoss too. I've been testing out a StopLoss of 8 points and a TakeProfit of 80 points and I'm getting a nice equity graph in the backtester. It's too bad commission isn't accounted for in the backtester though. Yes, when the MartingaleMultiplier is set to 1.0 it is off. I'll be posting the results of my testing on a VPS I'm just going to leave for a while when I have them. Hopefully things going forward are at least similar to what it says in the backtester. Kinda nervous but looking...
I'm on your exact same boat. The backtesting is good, and don't know how the forward is going to come out...

Will be around! Happy trading.
  • #97
  • Oct 2, 2014 6:47am Oct 2, 2014 6:47am
Quoting FXForLife
{quote} I'm glad you're finding settings you like. I like a small StopLoss too. I've been testing out a StopLoss of 8 points and a TakeProfit of 80 points and I'm getting a nice equity graph in the backtester. It's too bad commission isn't accounted for in the backtester though. Yes, when the MartingaleMultiplier is set to 1.0 it is off. I'll be posting the results of my testing on a VPS I'm just going to leave for a while when I have them. Hopefully things going forward are at least similar to what it says in the backtester. Kinda nervous but looking...

Hi FXForlife, would you please tell me what's your best setting for this EA? and are the values in your setting for micro accounts(5digit) ?


best regards, kasrafx
  • #98
  • Oct 2, 2014 7:54pm Oct 2, 2014 7:54pm
Quoting kasrafx
{quote} Hi FXForlife, would you please tell me what's your best setting for this EA? and are the values in your setting for micro accounts(5digit) ? best regards, kasrafx
This is my latest test on Armada $1000 demo. Mostly Lolaso's settings except for the MartingaleMultiplier which I have set to 3.0 instead of 1.0. I'm finding it hard to outrun commission so maybe scaling will help. It should be fine for a 5 digit micro ECN account. I say ECN because you need the low spread (0-0.5 pips).

Test it out in the backtester using visual mode and see how it trades. It's really cool. It has a big SL to give the trade room and it takes quick profits with a trailing stop activated after 35 points as you can see below. Good luck Kasra I hoped I helped you.

input double RiskPerTrade = 0.002;
input double Slippage = 2;
input bool EveryTick = true;
input string Martingale_settings = "----------------------------------------------------------------------";
input bool StartOverAfterEAReload=true;
input double MartingaleMultiplier=3.0;
input int PointsToEnter=5;
input int PointsToExit=5;
input int stoploss_points=80;
input int takeprofit_points=180;
//breakeven
input bool use_breakeven=true;
input int breakeven_threshold_points=95;
input int breakeven_addition_points=5;
//trailing stop
input bool useTrailingStop=true;
input int trailingStop_threshold=35;
input int trailingStop_trail=30;
input color LongColour = 11193702;
input color ShortColour = 5275647;
input string Trading_hours_settings = "----------------------------------------------------------------------";
input bool AutoGMTOffset = true;
input int ManualGMTOffset = 1;
input bool DSTOffset = true;
input string TradingSession1 = "01001700";
input string TradingSession2 = "00000000";
input string TradingSession3 = "00000000";
input string DailyStartHour = "0000";
  • #99
  • Oct 3, 2014 1:56am Oct 3, 2014 1:56am
Quoting FXForLife
{quote} This is my latest test on Armada $1000 demo. Mostly Lolaso's settings except for the MartingaleMultiplier which I have set to 3.0 instead of 1.0. I'm finding it hard to outrun commission so maybe scaling will help. It should be fine for a 5 digit micro ECN account. I say ECN because you need the low spread (0-0.5 pips). Test it out in the backtester using visual mode and see how it trades. It's really cool. It has a big SL to give the trade room and it takes quick profits with a trailing stop activated after 35 points as you can see below....
thanks FXForlife for help, and also i'd like to know if you're trading on USDJPY .

happy pips,
  • #100
  • Oct 3, 2014 2:09am Oct 3, 2014 2:09am
Quoting kasrafx
{quote} thanks FXForlife for help, and also i'd like to know if you're trading on USDJPY . happy pips,
Yes, I'm testing only on USDJPY. Commissions make it really difficult for this strategy to work by the way. (my opinion)
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