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  • #41
  • Dec 2, 2014 12:02pm Dec 2, 2014 12:02pm
Quoting realclick
Does it work on only GOLD not currency pairs?
technically It would work... but remember Pipster's post which mentions below

Gold moves the most $$$ per $$$ of margin used, and it trends really well, so that's why I choose it.

Any other pair may not give you the profits as observed by Pipster.
  • #42
  • Dec 2, 2014 12:05pm Dec 2, 2014 12:05pm
First of all,thank you for sharing this EA,it's working here...Second,you say this: "Settings: leave them as is, do not modify any settings, just have the EA set to live trade, and check the import DLLs box before starting EA"...Do you mean ALL the settings?
  • #43
  • Dec 2, 2014 12:10pm Dec 2, 2014 12:10pm
Quoting bazze
First of all,thank you for sharing this EA...Second,you say this: "Settings: leave them as is, do not modify any settings, just have the EA set to live trade, and check the import DLLs box before starting EA"...Do you mean ALL the settings?
Yes, all settings under the settings tab are already optimized. It will automatically start, place all necessary orders with correct lot size compared to your account size, risk management is "built in", timing, etc.

If you want the EA to start immediately, you can follow chandan655 advice on start and stop times.

Of course you can modify anything you want, but my request is to share the results of the original on a demo account on trade explorer here. You can run more than one demo account for fiddling.
Too close for pips, switching to points.
  • #44
  • Dec 2, 2014 12:12pm Dec 2, 2014 12:12pm
Quoting Thepipster
{quote} Yes, all settings under the settings tab are already optimized. It will automatically start, place all necessary orders with correct lot size compared to your account size, risk management is "built in", timing, etc. If you want the EA to start immediately, you can follow chandan655 advice on start and stop times. Of course you can modify anything you want, but my request is to share the results of the original on a demo account on trade explorer here. You can run more than one demo account for fiddling.
  • #45
  • Dec 2, 2014 12:19pm Dec 2, 2014 12:19pm
I need to mention when you start trade explorer it won't display any trades until a trade has been closed for the first time. You can either open and close a manual trade on your demo account, losing the spread, or just wait until the EA has closed trades for the first time before seeing results on the explorer.
Too close for pips, switching to points.
  • #46
  • Dec 2, 2014 12:25pm Dec 2, 2014 12:25pm
Hi Pipster

Thank you for sharing. I have downloaded and placed on a Gold chart. Is there a preferred time frame, running on the 1H at present. Please advise.
I am more than happy to open a Trade Explorer but would prefer to run it for a couple of weeks 1st if that good for you.

Cheers

Gavin
  • #47
  • Dec 2, 2014 12:26pm Dec 2, 2014 12:26pm
Quoting chandan655
{quote} technically It would work... but remember Pipster's post which mentions below Gold moves the most $$$ per $$$ of margin used, and it trends really well, so that's why I choose it. Any other pair may not give you the profits as observed by Pipster.

Looks good to me Pipster reviewed the code briefly & thanks Chandan for fixing errors!

Assumption of the EA : Market is not going to stall at one price for long, and commodity like gold moves suddenly like yesterday 1142->1222(80 bucks move after Swiss voted for "No" vote)

Keep your pending order with smaller leverage like 0.01 on 1k a/c in the hunt,wait for gold to trend when it does lets take yday's case only from 1142->1222 more of your buystops will get triggered at .30usd intervals & when profit target set by pipster reaches it closes all orders using order comment "Gold Mine Buy" /"Gold Mine Sell" and moves on again starting from the base.

For noobs one request please use the MM that Pipster insisted 0.01 lot per 1000usd don't try to over leverage to have adventure, gold can be ruthless when its going. Good luck to make profits, one more caution to the wind : use on brokers where spreads of gold is less & then they don't suddenly widen spreads like this 1198.75/1204.50 it might cause this EA to misbehave ==> create DD which takes a while to erase.

Key is choose right broker for gold and act accordingly, please do some home work/research on right broker with demo before going live as advised by pipster!

cheers,
Scoob
Scoobi doobi doo
  • #48
  • Dec 2, 2014 12:37pm Dec 2, 2014 12:37pm
~Bcp1

you're good to go....TF doesn't matter, your preference for viewing. Thanks for your participation, even if it somehow goes bad for you, please let us know. This is supposed to be unbiased.

~ Scoobidoobi

Your right. The gap between orders is actually the spread, so the smaller the much better. I have used Finfx myself without any problems, but anybody can use any broker they think they trust. Latency is an issue with this EA because it may have to close many orders at once. You may have sometimes where price moves fast enough to give a slight loss, actually. This is where patience and perseverance are very important. Price will also move in your favor very fast, and it has easily outweighed any slight losses. Maybe I'll elaborate more on the logic used in the approach on this more.

We have NFP coming up, with other news, so getting your demo going now will give you a good chance to see what it can do.
Too close for pips, switching to points.
  • #49
  • Dec 2, 2014 12:39pm Dec 2, 2014 12:39pm
Quoting Thepipster
~Bcp1 you're good to go....TF doesn't matter, your preference for viewing. Thanks for your participation, even if it somehow goes bad for you, please let us know. This is supposed to be unbiased. ~ Scoobidoobi Your right. The gap between orders is actually the spread, so the smaller the much better. I have used Finfx myself without any problems, but anybody can use any broker they think they trust. Latency is an issue with this EA because it may have to close many orders at once. You may have sometimes where price moves fast enough to give a slight...

Question to Pipster : Finfx don't widen spreads during rollover also? & whats the max spread you saw for the week on gold just curious to know thanks!
Scoobi doobi doo
  • #50
  • Dec 2, 2014 12:42pm Dec 2, 2014 12:42pm
Quoting Thepipster
~Bcp1 you're good to go....TF doesn't matter, your preference for viewing. Thanks for your participation, even if it somehow goes bad for you, please let us know. This is supposed to be unbiased. ~ Scoobidoobi Your right. The gap between orders is actually the spread, so the smaller the much better. I have used Finfx myself without any problems, but anybody can use any broker they think they trust. Latency is an issue with this EA because it may have to close many orders at once. You may have sometimes where price moves fast enough to give a slight...
Does the EA Automatically close orders or should that be done manually? Also should the SL be set to true?
  • #51
  • Dec 2, 2014 12:43pm Dec 2, 2014 12:43pm
Quoting Scoobidoobi
{quote} Question to Pipster : Finfx don't widen spreads during rollover also? & whats the max spread you saw for the week on gold just curious to know thanks!
Finfx closes during rollover, and then spreads go back to normal, which on micro account is .30-.55, which is the highest i've seen. I don't see much point in trading the ECN because the spread is the same, with additional commission. You can select micro as a demo type account. The only thing good about their pro ECN account is it is located right next to the NYC server, so the latency is 0.3 milleseconds...really good for this EA, but I don't have $10k to deposit to try it. My latency tested at 40 milleseconds, i think.

I think latency trumps spread.
Too close for pips, switching to points.
  • #52
  • Dec 2, 2014 12:46pm Dec 2, 2014 12:46pm
Quoting Scoobidoobi
{quote} Question to Pipster : Finfx don't widen spreads during rollover also? & whats the max spread you saw for the week on gold just curious to know thanks!
For safety reasons, better to add a spread check like this :

// inputs
extern double checkSpreadUnder=3;

//entry logic
//check for spreads before opening new position

if ( GetSpread() < checkSpreadUnder )

{



}

//GetSpread function

double GetSpread() {
double ld_ret_0 = MarketInfo(Symbol(), MODE_SPREAD) / 10.0;
return (ld_ret_0);
}
Scoobi doobi doo
  • #53
  • Dec 2, 2014 12:50pm Dec 2, 2014 12:50pm
Quoting kashTrader
{quote} Does the EA Automatically close orders or should that be done manually? Also should the SL be set to true?
ah, more logic to divulge...
Yes, the EA will automatically close all orders, and start over automatically...it truly is set and forget ....and hope the power doesn't go out. lol
There isn't any reason to put SL...the way the EA works already has SL technically. Each sell order is a SL for any buy order. They just stay open because I don't have a big enough brain to figure out how to close them without messing up the close target. Also, using SL may make the EA "lose" twice as much, because another order will have opportunity to hit SL, whereas if we hedge, it's just one "SL" for both orders. What this EA is meant to do is elminate you having to sit there and trade the news, or wait for trends to seem to develop, at which point when you realize it, they are already almost done, etc. Whenever the market really moves, this EA is already there. Once you have left the EA trading for a month, you'll be able to look back and match the rises in the equity curve with the trends of gold, it's uncanny.



~scoobs...
I've traded with Finfx since 2010 and never saw gold spread above $0.65, even on rollover\market close for the day. Not worried 'bout it.
Too close for pips, switching to points.
  • #54
  • Dec 2, 2014 12:54pm Dec 2, 2014 12:54pm
Quoting Thepipster
{quote} ah, more logic to divulge... Yes, the EA will automatically close all orders, and start over automatically...it truly is set and forget ....and hope the power doesn't go out. lol There isn't any reason to put SL...the way the EA works already has SL technically. Each sell order is a SL for any buy order. They just stay open because I don't have a big enough brain to figure out how to close them without messing up the close target. Also, using SL may make the EA "lose" twice as much, because another order will have opportunity to hit SL,...
Wellsaid pipster, this idea I already use with the project name "NeverClose" .Its auto protected and it works on XAU USD/ XAU EUR too
Scoobi doobi doo
  • #55
  • Dec 2, 2014 12:57pm Dec 2, 2014 12:57pm
Quoting Thepipster
{quote} ah, more logic to divulge... Yes, the EA will automatically close all orders, and start over automatically...it truly is set and forget ....and hope the power doesn't go out. lol There isn't any reason to put SL...the way the EA works already has SL technically. Each sell order is a SL for any buy order. They just stay open because I don't have a big enough brain to figure out how to close them without messing up the close target. Also, using SL may make the EA "lose" twice as much, because another order will have opportunity to hit SL,...
Sounds Golden

Are you able to post your explorer or MT4 report for the amount of time you have tested. These may help us quickly find logical additions from the Go set.
  • #56
  • Dec 2, 2014 12:59pm Dec 2, 2014 12:59pm
Quoting Thepipster
{quote} ah, more logic to divulge... Yes, the EA will automatically close all orders, and start over automatically...it truly is set and forget ....and hope the power doesn't go out. lol There isn't any reason to put SL...the way the EA works already has SL technically. Each sell order is a SL for any buy order. They just stay open because I don't have a big enough brain to figure out how to close them without messing up the close target. Also, using SL may make the EA "lose" twice as much, because another order will have opportunity to hit SL,...

Fantastic pipster, I was milking with this concept EA at ICMarkets for 2 weeks they suddenly widened spreads to 7-8usd that started the downfall as I was away that time

Nevermind, thats why I was curiously checking spreads at finfx. thanks fella, sounds promising broker!
Scoobi doobi doo
  • #57
  • Dec 2, 2014 1:00pm Dec 2, 2014 1:00pm
Quoting kashTrader
{quote} Sounds Golden Are you able to post your explorer or MT4 report for the amount of time you have tested. These may help us quickly find logical additions from the Go set.
So we don't need to set a TP either?
  • #58
  • Dec 2, 2014 1:06pm Dec 2, 2014 1:06pm
Quoting kashTrader
{quote} So we don't need to set a TP either?
None kash : ). its complete auto pilot just setup at finfx demo or your favorite broker on gold sit back n relax for 2-3months to make some cash
Scoobi doobi doo
  • #59
  • Dec 2, 2014 1:12pm Dec 2, 2014 1:12pm
right, no TP...all trades are closed on equity target, which is already set ....on the best setting, of course!

I have tried all kinds of various TP, SL, equity targets, levels, blah blah blah....this is best, and while it's not extreme green machine, it beats anything that's out there big, like s&p, various pamms, the whole 20% per year hedge fund, it's realistic.
Too close for pips, switching to points.
  • #60
  • Dec 2, 2014 1:13pm Dec 2, 2014 1:13pm
Hello,

First, I want to thank to the creator of this EA. Really impressive!
50% last month with daily charts.
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