Trapping System: Tunnel Martingale
- #383
- Jun 4, 2015 7:51am Jun 4, 2015 7:51am
- Joined Jul 2014 | Status: BAGONG!!! | 1,142 Posts
If you ask me to code/fix your EA... it's probably not for free...
- #388
- Jun 4, 2015 9:47pm Jun 4, 2015 9:47pm
- Joined Jul 2014 | Status: BAGONG!!! | 1,142 Posts
If you ask me to code/fix your EA... it's probably not for free...
- #389
- Jun 4, 2015 9:49pm Jun 4, 2015 9:49pm
- Joined Jul 2014 | Status: BAGONG!!! | 1,142 Posts
If you ask me to code/fix your EA... it's probably not for free...
{quote} I'm not good at these error messages. But what I understand, this error is related to this. https://www.mql5.com/en/articles/1412 More than 2 EAs are doing the trading.
I just found similar ea who had news filter, and also using trapping order.
Hey Guys, and thanks a lot to Radityo for developing this interesting EA.
I've been demo'ing this EA on a couple of Brokers and run into a couple of similar problems that TickJob seems to have run into. I've tested in Roboforex and FXPro both with differing results. On Roboforex loading the default Anytime EURUSD set on to my 1M EURUSD chart it seems to work fine apart from always stalling at the 4th order. It refuses to place the 5th Limit Order. I've set my Gap to either 60 or 100 (spread is about 15-20 points on 5 Digit brokers) and never get any of the Invalid Stops messages in the log. I do not have any other EA's loaded.
On FXPro I stupidly placed it straight onto my Live account and it opened up 11x 0.02 trades as well as 11x pending 0.04 Limit orders before I hit the Autotrading button to disable it and then closed all the trades down manually. I then, more wisely repeated the set up but on an FXPro demo account and got similar behaviour. Sometimes the EA opens 2x 0.02 trades and 2x corresponding 0.04 Limit Orders (more often than not it's 2 sets), sometimes it opens 17! The number seems random. I've not managed it to open just the one set! I even just installed a clean MT4 just now and still get the same issues - loads of orders opened, every time.
I've finally cracked this multiple order issue - The "Max Cycle" Setting needs to be set to "1" to only allow one set of orders at a time in FXPro. I do not have this issue in Roboforex using the "Max Cycle" setting of "0" (for Unlimited cycles).
Another problem is that once a Profit Target is hit, the EA doesn't take the profit... It seems like it's stuck thinking that it wants to go in the opposite direction. The label "Direction" says "Sell" but the Buy orders are in significant Profit outstripping the corresponding Sells.
I seem to run into Terminal issues on both brokers trying to close down a chart with this EA running or edit the EA Settings whilst it's running. I often get the Pop up prompt "You've decided to either stop your EA, or change....Do you want to close all pending orders ... etc" prompt but the terminal just hangs I have to restart it from Windows.
I also managed some back testing which was interesting, but also, not without issues (See screenshot).
Still - quite an interesting concept and I think it's worth taking further. I have traded a couple of Martingale systems that work well in ranging markets but fall over in trending ones and this Tunnel EA does the opposite though it does sometimes seem happy to flap around in a ranging market if it gets on the right side of the market first! If we could somehow combine the 2 strategies...
Here's an interesting article I read about adapting Martingale (or an "Inverse" Martingale) to a Trending market - http://forexop.com/anti-martingale-trading-system/
I will keep testing this EA and look forward to contributing to this discussion.
I've been demo'ing this EA on a couple of Brokers and run into a couple of similar problems that TickJob seems to have run into. I've tested in Roboforex and FXPro both with differing results. On Roboforex loading the default Anytime EURUSD set on to my 1M EURUSD chart it seems to work fine apart from always stalling at the 4th order. It refuses to place the 5th Limit Order. I've set my Gap to either 60 or 100 (spread is about 15-20 points on 5 Digit brokers) and never get any of the Invalid Stops messages in the log. I do not have any other EA's loaded.
On FXPro I stupidly placed it straight onto my Live account and it opened up 11x 0.02 trades as well as 11x pending 0.04 Limit orders before I hit the Autotrading button to disable it and then closed all the trades down manually. I then, more wisely repeated the set up but on an FXPro demo account and got similar behaviour. Sometimes the EA opens 2x 0.02 trades and 2x corresponding 0.04 Limit Orders (more often than not it's 2 sets), sometimes it opens 17! The number seems random. I've not managed it to open just the one set! I even just installed a clean MT4 just now and still get the same issues - loads of orders opened, every time.
I've finally cracked this multiple order issue - The "Max Cycle" Setting needs to be set to "1" to only allow one set of orders at a time in FXPro. I do not have this issue in Roboforex using the "Max Cycle" setting of "0" (for Unlimited cycles).
Another problem is that once a Profit Target is hit, the EA doesn't take the profit... It seems like it's stuck thinking that it wants to go in the opposite direction. The label "Direction" says "Sell" but the Buy orders are in significant Profit outstripping the corresponding Sells.
I seem to run into Terminal issues on both brokers trying to close down a chart with this EA running or edit the EA Settings whilst it's running. I often get the Pop up prompt "You've decided to either stop your EA, or change....Do you want to close all pending orders ... etc" prompt but the terminal just hangs I have to restart it from Windows.
I also managed some back testing which was interesting, but also, not without issues (See screenshot).
Still - quite an interesting concept and I think it's worth taking further. I have traded a couple of Martingale systems that work well in ranging markets but fall over in trending ones and this Tunnel EA does the opposite though it does sometimes seem happy to flap around in a ranging market if it gets on the right side of the market first! If we could somehow combine the 2 strategies...
Here's an interesting article I read about adapting Martingale (or an "Inverse" Martingale) to a Trending market - http://forexop.com/anti-martingale-trading-system/I will keep testing this EA and look forward to contributing to this discussion.
- #400
- Edited Aug 1, 2015 10:28am Jul 31, 2015 5:09pm | Edited Aug 1, 2015 10:28am
- | Joined Jun 2014 | Status: Trader | 576 Posts
Hello Ardi and All,
Tunnel/range exit combined with martingale... It is a nice concept one of my favorites as it looks simple and easy. You snap up a chart and price seems going somewhere anyways after some hesitation. Well sure it'll go away but how much will it cost you until it happens, and when it does how far does it go? How do you know if it will make up for your losses?
I also created an EA for this concept, a bit different from yours I guess. Upon hitting the tunnel SL it closes the open position and immediately opens the reverse one with the set martingale factor size. So the EA has one position open at a time and it is monitoring the closed trades to keep track of the losses (ie. the cost of the tunnel) thus being able to calculate a BE for instance.
Similarly while thinking about this, just as you, I came upon creating an excel file to model the possible outcomes of different martingale series and tunnel size factors. I did have the EA running on demos for a few months however never got back something I could trust in. It is either too big position size or the BE getting to far away or some technical problem.
Nevertheless I think people on this thread may take use of this excel file (attached) by studying the mathematic nature of this concept and thus getting a better understanding.
Keep up with the good work,
Aron
Tunnel/range exit combined with martingale... It is a nice concept one of my favorites as it looks simple and easy. You snap up a chart and price seems going somewhere anyways after some hesitation. Well sure it'll go away but how much will it cost you until it happens, and when it does how far does it go? How do you know if it will make up for your losses?
I also created an EA for this concept, a bit different from yours I guess. Upon hitting the tunnel SL it closes the open position and immediately opens the reverse one with the set martingale factor size. So the EA has one position open at a time and it is monitoring the closed trades to keep track of the losses (ie. the cost of the tunnel) thus being able to calculate a BE for instance.
Similarly while thinking about this, just as you, I came upon creating an excel file to model the possible outcomes of different martingale series and tunnel size factors. I did have the EA running on demos for a few months however never got back something I could trust in. It is either too big position size or the BE getting to far away or some technical problem.
Nevertheless I think people on this thread may take use of this excel file (attached) by studying the mathematic nature of this concept and thus getting a better understanding.
Keep up with the good work,
Aron
