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My EA Gift to Traders

  • #1,641
  • Sep 19, 2015 2:38pm Sep 19, 2015 2:38pm
Quoting rimazuc
Hi Dave, Please do mind throwing some light on the "delete accidental trade" logic (and when it may likely happen. e.g could it close profitable positions)? Thanks
I don't really understand what you are saying. There is no logic like that in the program.
  • #1,642
  • Sep 19, 2015 6:31pm Sep 19, 2015 6:31pm
Quoting Dave_C
{quote} I don't really understand what you are saying. There is no logic like that in the program.

Hi Dave,

Please see the section below i was referring to.

Inserted Code
 
// Delete Accidental Trades
  for(i=OrdersTotal();i>0;i--)
      {
      if (OrderSelect(i,SELECT_BY_POS,MODE_TRADES)==false)        break;
      if (OrderSymbol()==Symbol() && OrderMagicNumber()==MAGICMA)
         {
         if(OrderType() == OP_BUY && Buys > 1) res = OrderClose(OrderTicket(),OrderLots(),Ask,1,clrMaroon);
         if(OrderType() == OP_SELL && Sells > 1) res = OrderClose(OrderTicket(),OrderLots(),Bid,1,clrMaroon);
         }
      }
  • #1,643
  • Sep 19, 2015 9:22pm Sep 19, 2015 9:22pm
Quoting rimazuc
{quote} Hi Dave, Please see the section below i was referring to. // Delete Accidental Trades for(i=OrdersTotal();i>0;i--) { if (OrderSelect(i,SELECT_BY_POS,MODE_TRADES)==false) break; if (OrderSymbol()==Symbol() && OrderMagicNumber()==MAGICMA) { if(OrderType() == OP_BUY && Buys > 1) res = OrderClose(OrderTicket(),OrderLots(),Ask,1,clrMaroon); if(OrderType() == OP_SELL && Sells > 1) res = OrderClose(OrderTicket(),OrderLots(),Bid,1,clrMaroon); } }
That logic is to handle a situation when there is a straddle trade with a stop buy order and a stop sell order and because of whipsawing at the time of an event (for example - a news release) both a buy and a sell trade are opened. The code deletes the 2nd trade that takes place.
  • #1,644
  • Sep 20, 2015 1:59am Sep 20, 2015 1:59am
Quoting Dave_C
{quote} That logic is to handle a situation when there is a straddle trade with a stop buy order and a stop sell order and because of whipsawing at the time of an event (for example - a news release) both a buy and a sell trade are opened. The code deletes the 2nd trade that takes place.

Great, thanks Dave.
  • #1,645
  • Sep 26, 2015 8:34am Sep 26, 2015 8:34am
Hi Dave,

Been thinking of an additional strategy which will be nice for the EA Gift to incorporate. The inbuilt Martingale strategy which is great, seems to be reactive (only comes into play when a SL is hit or a non-targeted TP is hit), it will be nice if a proactive version or additional strategy can be added.

Like the one discussed below


Zone Recovery Algorithm
You open a trade, set your profit target and the Zone Recovery Pips Start (Number of pips to be lost before the Zone Recovery Algorithm starts working).
For example, 1 Buy lot, 150 pips for Take Profit, 50 pips for the Zone Recovery Pips Start.
Scenario 1: The Take Profit (150 pips) is reached before the Zone Recovery Pips Start (50 pips). The profit is fixed and the trade is closed.
Scenario 2: You reach the Zone Recovery Pips Start (lose 50 pips) before reaching Take Profit. Here is when the algorithm kicks in.

  1. A trade to the opposite direction is opened with a different lot size (i.e., 1.4 lots Sell)
  2. A protective buy order is placed in 50 pips above in case the market moves against us again (i.e., 0.93 lots Buy)
  3. A new exit point is determined for exiting all the trades (i.e., 150 pips lower than the last Sell trade)
  4. Once the exit point is reached, all trades are closed, both trades close in a combined profit and all future orders are removed.

    1. 1.4 Lot x (150 pips) – 1 Lot x (–200 pips)= 210 pips – 200 pips = 10 pips of profit

  1. The algorithm keeps repeating this process of buying and selling when the market moves against you and closes all the trades together when either of the following ends is reached.

Thanks

  • #1,646
  • Sep 28, 2015 4:58pm Sep 28, 2015 4:58pm
Quoting rimazuc
Hi Dave, Been thinking of an additional strategy which will be nice for the EA Gift to incorporate. The inbuilt Martingale strategy which is great, seems to be reactive (only comes into play when a SL is hit or a non-targeted TP is hit), it will be nice if a proactive version or additional strategy can be added. Like the one discussed below Zone Recovery Algorithm You open a trade, set your profit target and the Zone Recovery Pips Start (Number of pips to be lost before the Zone Recovery Algorithm starts working). For example, 1 Buy lot, 150 pips...
The intrinsic design of the EA is not to manage multiple trades and would require significant changes.

Opening additional trades as a hedge is a matter of personal preference.
  • #1,647
  • Sep 28, 2015 8:34pm Sep 28, 2015 8:34pm
Quoting Dave_C
{quote} The intrinsic design of the EA is not to manage multiple trades and would require significant changes. Opening additional trades as a hedge is a matter of personal preference.

Thanks Dave for coming back to me.

I understand incorporating the hedging strategy will result in significant changes but I think having it will certainly enhance the profitability of the EA (in fact the last updates did improve paper profit returns in my demo accounts esp. the safe pips addition). It will be nice to know the EA could flight back when under attack .

The benefit of having this automated will be the the speed and accuracy of related calculations. Been trying to make changes to the version I got but not have not been able to put the pieces together.

Just in-case you consider it, got hold of the details of one I think will be a good baseline http://www.hedgingea.com/easale/freemanual/


Thanks
  • #1,648
  • Sep 29, 2015 10:09pm Sep 29, 2015 10:09pm
Quoting rimazuc
{quote} Thanks Dave for coming back to me. I understand incorporating the hedging strategy will result in significant changes but I think having it will certainly enhance the profitability of the EA (in fact the last updates did improve paper profit returns in my demo accounts esp. the safe pips addition). It will be nice to know the EA could flight back when under attack . The benefit of having this automated will be the the speed and accuracy of related calculations. Been trying to make changes to the version I got but not have not been...
Having had a look at the reference, I understand your theory. If you could PM me with further details, I will have a look at the concept because it is quite off topic from the Traders Gift EA.

In effect, I view it as an "in trade" form of Martingale strategy, whereas I view the Traders Gift EA with a Martingale type of progression as a search for a future trade setup point rather than trying to "milk" the existing position which may in reality be defined as a ranging market.
  • #1,649
  • Sep 30, 2015 7:20pm Sep 30, 2015 7:20pm
What is usually the reason for seeing

"Error reading data" at 5%

These are csv's I generated awhile ago using StrategyQuant tick downloader which work fine with birts tick data suite
  • #1,650
  • Oct 1, 2015 12:05am Oct 1, 2015 12:05am
Quoting Dave_C
{quote} Having had a look at the reference, I understand your theory. If you could PM me with further details, I will have a look at the concept because it is quite off topic from the Traders Gift EA. In effect, I view it as an "in trade" form of Martingale strategy, whereas I view the Traders Gift EA with a Martingale type of progression as a search for a future trade setup point rather than trying to "milk" the existing position which may in reality be defined as a ranging market.

Cheers Dave.
  • #1,651
  • Edited 2:51pm Oct 1, 2015 6:42am | Edited 2:51pm
Quoting kinitex
What is usually the reason for seeing "Error reading data" at 5% These are csv's I generated awhile ago using StrategyQuant tick downloader which work fine with birts tick data suite
The data is not in Strategy Optimizer format.

It should be

yyyy.MM.dd,hh:mm,open,high,low,close,volume
  • #1,652
  • Edited 1:53am Oct 26, 2015 1:11am | Edited 1:53am
Hi Dave, thanks for this great gift! I have a question about Price/EMA event.

I am using the Renko candles and realized, that signal appears only in situation, when the single candle significally cross EMA; but there is no a signal when the one candle formed near the one side of EMA and the second candle formed on the other side of EMA.

In other words: Does Price/EMA event work only when the price cross EMA by a single candle?
  • #1,653
  • Oct 30, 2015 1:24am Oct 30, 2015 1:24am
Quoting Iceberg001
Hi Dave, thanks for this great gift! I have a question about Price/EMA event. I am using the Renko candles and realized, that signal appears only in situation, when the single candle significally cross EMA; but there is no a signal when the one candle formed near the one side of EMA and the second candle formed on the other side of EMA. In other words: Does Price/EMA event work only when the price cross EMA by a single candle?
The signal will only be generated when the most recent completed closed candle has crossed the EMA relative 2nd most recent completed closed candle. (unless the max bars ago option is changed from the default value of 1)
  • #1,654
  • Nov 24, 2015 5:57pm Nov 24, 2015 5:57pm
Hi Dave, I am successfully trading

24 currency pairs on one account
RSI indicator
H1 chart
Risk percentage 2%
Trade Closure mode Signal Reversal
Lot size 0.02
Leverage 1/200

I have been closing the losing trades manually as the Risk Percentage does not work. I have attached a file if you are able to check it for me I would appreciate that.
Dave I am more than willing to pay for your time.

Regards
Robin Terry
Attached File(s)
File Type: mq4 TradersGift_HideSLTP.mq4   107 KB | 498 downloads
File Type: ex4 TradersGift_HideSLTP (1).ex4   156 KB | 381 downloads
  • #1,655
  • Edited 6:46am Nov 25, 2015 6:35am | Edited 6:46am
Quoting rammer13
Hi Dave, I am successfully trading 24 currency pairs on one account RSI indicator H1 chart Risk percentage 2% Trade Closure mode Signal Reversal Lot size 0.02 Leverage 1/200 I have been closing the losing trades manually as the Risk Percentage does not work. I have attached a file if you are able to check it for me I would appreciate that. Dave I am more than willing to pay for your time. Regards Robin Terry {file} {file}
​
If possible would you mind removing your upload so that I can collect registrations. Can see the problem in your coding and will resolve.
Please PM me your email address.
Regards Dave
  • #1,656
  • Nov 25, 2015 11:26am Nov 25, 2015 11:26am
Hi Dave, Thank you for your help regarding this issue my email address is [email protected] and pardon my ignorance how do I remove the upload ? Regards Robin Terry
  • #1,657
  • Nov 27, 2015 5:23am Nov 27, 2015 5:23am
Hi Dave, tried to remove the upload any suggestions ?
Regards
Robin Terry
  • #1,658
  • Nov 28, 2015 2:53pm Nov 28, 2015 2:53pm
Quoting rammer13
Hi Dave, tried to remove the upload any suggestions ? Regards Robin Terry
​The option to edit a Post is only available for 24 hours and then the Edit link is removed.
  • #1,659
  • Jan 22, 2016 8:02am Jan 22, 2016 8:02am
Hi Dave!

Thank you so much for the EA. I put in my strategy and the results are unbelievably amazing.
Can't thank you enough.
  • #1,660
  • Jan 24, 2016 1:30pm Jan 24, 2016 1:30pm
Quoting Conti000
Hi Dave! Thank you so much for the EA. I put in my strategy and the results are unbelievably amazing. Can't thank you enough.
Thank you for your interest. There are many combinations which are up to your imagination.

Have a good look at the straddle strategies.
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