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My EA Gift to Traders

  • #1,601
  • Jul 27, 2015 1:56pm Jul 27, 2015 1:56pm
Quoting Dave_C
{quote} By reviewing the Trade History, the size of the last trade could be determined however it is easier to review this manually and amend the lot size. By design, EA's require a continual connection to maintain the value of all the variables.
I set sl 40 pips but the ea set more than 40 pips. What must be responsible for this?

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #1,602
  • Jul 27, 2015 4:43pm Jul 27, 2015 4:43pm
Quoting demalichcha
{quote} Hi Dave, I am not sure, whether the trailing stop of the below charts are behaving in accordance with the settings. Appreciate, if you could explain. Thank you {image} {image} {image}
All your Stop Losses appear to be behaving normally in that they reflect the current lowest position plus the stop loss value. I notice you are not using the most current version.
  • #1,603
  • Edited 9:55pm Jul 27, 2015 4:49pm | Edited 9:55pm
Quoting Opemipo
{quote} I set sl 40 pips but the ea set more than 40 pips. What must be responsible for this? Phemmy
I would need much more detail than you provide, such a copy of your set file, the relevant trade log and the applicable chart. Don't forget to take into account the spread.

In relation to the credit card details, that is your choice. You will need to provide credit card details to Amazon, to be able to use their free VPS service. After 1 year they will start charging unless you cancel.
  • #1,604
  • Jul 27, 2015 5:27pm Jul 27, 2015 5:27pm
Quoting Dave_C
{quote} All your Stop Losses appear to be behaving normally in that they reflect the current lowest position plus the stop loss value. I notice you are not using the most current version.
Now I understand well. Thank you very much Dave . I will install the latest version.
  • #1,605
  • Jul 28, 2015 12:33am Jul 28, 2015 12:33am
Good Job DAVE_C
  • #1,606
  • Jul 30, 2015 3:20am Jul 30, 2015 3:20am
Hi Dave, thanks for this great EA. Pse help with the following: when i exit a trade manually, the EA immediately opens a trade again in the same direction. how do i prevent this from happening. thank you.
  • #1,607
  • Jul 30, 2015 5:30pm Jul 30, 2015 5:30pm
Quoting Praetor
Hi Dave, thanks for this great EA. Pse help with the following: when i exit a trade manually, the EA immediately opens a trade again in the same direction. how do i prevent this from happening. thank you.
Deactivate Auto Trading before you close the trade. (Button below menu)
  • #1,608
  • Jul 30, 2015 11:55pm Jul 30, 2015 11:55pm
Quoting Dave_C
{quote} Deactivate Auto Trading before you close the trade. (Button below menu)
Thank you for that,
this also happens when price hits the trailing stop. so are you saying that after a trade is triggered that i should deactivate the EA immediately? If thats the case wouldnt that stop the trail stop from working as well? thank you.
  • #1,609
  • Jul 31, 2015 2:00am Jul 31, 2015 2:00am
Quoting Praetor
{quote} Thank you for that, this also happens when price hits the trailing stop. so are you saying that after a trade is triggered that i should deactivate the EA immediately? If thats the case wouldnt that stop the trail stop from working as well? thank you.
Hi Praetor,
Dave will respond to your question. Anyway, I guess you should use the continuous straddle strategy to experience such a outcome.
  • #1,610
  • Jul 31, 2015 7:05am Jul 31, 2015 7:05am
Quoting demalichcha
{quote} Hi Praetor, Dave will respond to your question. Anyway, I guess you should use the continuous straddle strategy to experience such a outcome.
Hi Demalichcha, not at all, using the 5EMA shift by 2, breakout strategy with a fixed SL and a trailing stop scalping strategy. when price hits the trailing stop, the EA should wait for the following breakout of said EMA, but it doesnt, it immediately opens another trade. any suggestions.
thanks.
  • #1,611
  • Jul 31, 2015 10:40am Jul 31, 2015 10:40am
Quoting Praetor
{quote} Hi Demalichcha, not at all, using the 5EMA shift by 2, breakout strategy with a fixed SL and a trailing stop scalping strategy. when price hits the trailing stop, the EA should wait for the following breakout of said EMA, but it doesnt, it immediately opens another trade. any suggestions. thanks.
When you post a query, you need to provide all the relevant information such as a copy of your set file, the relevant chart and your trade log. It is impossible for me or any other poster to provide meaningful help when you withhold information and you are wasting our time.

If you would like help on this matter, please post a copy of your set file (with .txt extension to upload), a copy of the relevant chart and your trade log and I will endeavor to help you.

I repeatedly mention this but it appears that a few people do not take the time to read previous posts.
  • #1,612
  • Aug 2, 2015 2:45am Aug 2, 2015 2:45am
Data to the end of July now available through Post #1.
  • #1,613
  • Aug 9, 2015 11:43am Aug 9, 2015 11:43am
Hello Dave C​

could you tell me how do its work with purcharged service ? how it work with my account ? I really don't know
  • #1,614
  • Aug 9, 2015 3:28pm Aug 9, 2015 3:28pm
Quoting Mianlien
Hello Dave C​ could you tell me how do its work with purcharged service ? how it work with my account ? I really don't know
Not sure I understand your request. If you are talking about the Monthly service, I provide the .set file which you load into the EA which is attached to a chart.
  • #1,615
  • Edited 10:32am Aug 10, 2015 6:06am | Edited 10:32am
Quoting Dave_C
{quote} The problem lies with the restart. When you restart MT4, all variable values within an EA are lost. On restart, the EA sees that you have passed your break even level and therefore sets your stop loss to breakeven and records the Profit Level at that point in time. Only after the profit level at that point in time has increased by 5%, will the stop loss be updated (because it looks at the profit level when the breakeven adjustment is actually made, which is the time of the restart). I have added some extra code in an attempt to recover the...
Hi dave, i'm still in trouble with trailing stop mechanism :-( ... only if I restart the MT4 platform the SL will be modified, do you suggest to use any additional script with trailing stop feature to workaround to this behaviour?

Please find attached set files I'm using for 3 currencies only.

Thanks for you precious help!!!
Attached File(s)
File Type: txt TG_AUDUSD_60_150401_150630_MACD_CS.set.txt   13 KB | 297 downloads
File Type: txt TG_EURUSD_60_150401_150630_MACD_CS.set.txt   13 KB | 297 downloads
File Type: txt TG_GBPUSD_60_150401_150630_MACD_CS.set.txt   13 KB | 268 downloads
  • #1,616
  • Aug 10, 2015 10:53am Aug 10, 2015 10:53am
Quoting nikon82
{quote} Hi dave, i'm still in trouble with trailing stop mechanism :-( ... only if I restart the MT4 platform the SL will be modified, do you suggest to use any additional script with trailing stop feature to workaround to this behaviour? Please find attached set files I'm using for 3 currencies only. Thanks for you precious help!!! {file} {file} {file}
You have maximum risk percentage set to .2%
I presume you mean 2%
  • #1,617
  • Edited Aug 11, 2015 12:20am Aug 10, 2015 11:19pm | Edited Aug 11, 2015 12:20am
Quoting Dave_C
{quote} You have maximum risk percentage set to .2% I presume you mean 2%
It was .2%, now changed to 2%, I have a demo account of 5000 with gear 1:100.

In general, I'd prefer to start with trades with a LotSize of 0.01, since that EA increase the size of the wager by StopLossMultiplier (with max risk percentage of 2%, initial lot size is 0.10) . I don't think exist a correlation between MaximumRiskPercentage and UseTrailingStopLoss.

Do you suggest to use LotSize only? I'd like to be sure trailing stop always properly work.

Thank you for your support!
  • #1,618
  • Edited Aug 12, 2015 1:50am Aug 11, 2015 5:50pm | Edited Aug 12, 2015 1:50am
Quoting nikon82
{quote} It was .2%, now changed to 2%, I have a demo account of 5000 with gear 1:100. In general, I'd prefer to start with trades with a LotSize of 0.01, since that EA increase the size of the wager by StopLossMultiplier (with max risk percentage of 2%, initial lot size is 0.10) . I don't think exist a correlation between MaximumRiskPercentage and UseTrailingStopLoss. Do you suggest to use LotSize only? I'd like to be sure trailing stop always properly work. Thank you for your support!
Your statement does not make sense. Firstly .2% risk factor would need a minimum bank of $5000 to achieve a lot size of .01. The moment your bank goes under $5000 the next wager would be rejected. Secondly lot size has nothing to do with the overall cap of 20% of equity. You can start with .01 or 1.0 but the maximum bet size will always end at 20% of equity.

There is no problem with the trailing stop that I am aware of.
  • #1,619
  • Aug 18, 2015 10:10am Aug 18, 2015 10:10am
Quoting Dave_C
{quote} Your statement does not make sense. Firstly .2% risk factor would need a minimum bank of $5000 to achieve a lot size of .01. The moment your bank goes under $5000 the next wager would be rejected. Secondly lot size has nothing to do with the overall cap of 20% of equity. You can start with .01 or 1.0 but the maximum bet size will always end at 20% of equity. There is no problem with the trailing stop that I am aware of.
Dave, I'm very sorry...gain of 117 pips on EUR-USD and no trailing stop started. please find image below.

Again, I'm sorry if my questions looks "strange", I appreciated a lot your job and I'd like only to verify/understand some mechanisms looks strange to me.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-08-18_170730.png Size: 54 KB
  • #1,620
  • Edited 5:37pm Aug 18, 2015 4:24pm | Edited 5:37pm
Quoting nikon82
{quote} Dave, I'm very sorry...gain of 117 pips on EUR-USD and no trailing stop started. please find image below. Again, I'm sorry if my questions looks "strange", I appreciated a lot your job and I'd like only to verify/understand some mechanisms looks strange to me. {image}
I have found a potential error in my code and uploaded the amendment. This will fix your problem.
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