EA required using Livelli indicator made 600 pips | Page 25 | Forex Factory

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EA required using Livelli indicator made 600 pips

  • #481
  • Jun 17, 2016 3:08am Jun 17, 2016 3:08am
there we go boys.. the trades for the night...

not really according to the levelli setup but I do have a diff approach based on topdown analisys from daylies dows to the 5 min charts and based on that those trades were under the category of good trades taken...
that was a 3% profit daw in my account not bad
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  • #482
  • Jun 17, 2016 3:16am Jun 17, 2016 3:16am
Good morning fellow traders
Contacted the programmer to say I happy with the updated EA
The source code will be provided this evening and I will distribute to the relevant parties
  • #483
  • Jun 17, 2016 3:50am Jun 17, 2016 3:50am
Quoting raylin
Good morning fellow traders Contacted the programmer to say I happy with the updated EA The source code will be provided this evening and I will distribute to the relevant parties
So you believe this EA is capable of being left on its own to run? Was that the point of leaving it on over night? Did any of them stack?

I have noticed when I backtest my version, when the trades stack up you find the equity increases massively and then starts to dip down quite a bit as the MAs begin to converge. I added some code to mine to close all trades when equity is x% above balance, this increased the profit factor by about 0.3

Additionally, I found that 5M timeframes are far too volatile for the simple MA rule you have come up with. As you can see zwara has to manually manage the EA.
So many in the Commercial section want to make me rich! :o
  • #484
  • Jun 17, 2016 4:19am Jun 17, 2016 4:19am
Quoting FX-Flux
{quote} So you believe this EA is capable of being left on its own to run? Was that the point of leaving it on over night? Did any of them stack? I have noticed when I backtest my version, when the trades stack up you find the equity increases massively and then starts to dip down quite a bit as the MAs begin to converge. I added some code to mine to close all trades when equity is x% above balance, this increased the profit factor by about 0.3 Additionally, I found that 5M timeframes are far too volatile for the simple MA rule you have come up...
The latest version only trades with the trend It will only sell in a down trend and only buy in an uptrend
I did leave the EA on overnight for two nights and modified with updated version from the programmer during the day
If there is a crossover of the 5 and the 20 ema in the opposite direction of the trend it will close all positions and also buy stops
and sell stops I have also got a trailing stop of 30 pips on all trades ( this might have to be modified)
The first night when major moves occurred of the Ea made 1000 pips although the profit should have been more because my pc kept going off line
Last night no major trends occurred and made a loss .The major loss of 9 euro was due to the a trade on the euro/usd which I inadvertently set to 0.1 lots instead of 0.01 lots
I am quite happy losing 200 pips in a 4 day period if I can make over 1000 pips on just one trending day
  • #485
  • Jun 17, 2016 4:27am Jun 17, 2016 4:27am
Quoting raylin
{quote} The latest version only trades with the trend It will only sell in a down trend and only buy in an uptrend I did leave the EA on overnight for two nights and modified with updated version from the programmer during the day If there is a crossover of the 5 and the 20 ema in the opposite direction of the trend it will close all positions and also buy stops and sell stops I have also got a trailing stop of 30 pips on all trades ( this might have to be modified) The first night when major moves occurred of the Ea made 1000 pips although the...

the only thing I see for now that the EA lacks is sense of right direction it trades based only on the MA sets of the current TF it means sometimes like for example now on pound yen you would be stacking longs but overall trend is strong sell. the way I use it, it comes with analysis from 4h what is the trend that is in my favour .. but its a great tool...
  • #486
  • Jun 17, 2016 4:27am Jun 17, 2016 4:27am
Quoting raylin
Good morning fellow traders Contacted the programmer to say I happy with the updated EA The source code will be provided this evening and I will distribute to the relevant parties
Hello Raylin - can i get a copy of this? if so how?
happy to contribute

new to this thread, so that i do not have go through zillion of posts, can you tell me where to look for more details about this EA
  • #487
  • Jun 17, 2016 4:36am Jun 17, 2016 4:36am
Quoting fxguru2010
{quote} Hello Raylin - can i get a copy of this? if so how? happy to contribute new to this thread, so that i do not have go through zillion of posts, can you tell me where to look for more details about this EA

the thread is not that long and you should read it really

filter what is important and dont focus on less important chat.
  • #488
  • Jun 17, 2016 4:48am Jun 17, 2016 4:48am
Quoting fxguru2010
{quote} Hello Raylin - can i get a copy of this? if so how? happy to contribute new to this thread, so that i do not have go through zillion of posts, can you tell me where to look for more details about this EA
Send raylin money.
So many in the Commercial section want to make me rich! :o
  • #489
  • Jun 17, 2016 5:01am Jun 17, 2016 5:01am
Once the 2nd EA as been released I will update the first page
with the relevant details
Although some traders will still use the old version and is ideal in trending markets we have hedges which will decrease profits
The new version will probably have more smaller losses but will eventually make more money in trending markets
  • #490
  • Jun 17, 2016 3:59pm Jun 17, 2016 3:59pm
Hi Guys I have just sent the new livelli version out by Email
If any subscribers did not receive it please Email me and I will resend
There is an description of each function attached also
  • #491
  • Jun 18, 2016 2:31am Jun 18, 2016 2:31am
Thanks Ray,
received and will test on Monday.
  • #492
  • Jun 18, 2016 3:00am Jun 18, 2016 3:00am
thank you Ray
  • #493
  • Jun 18, 2016 3:51am Jun 18, 2016 3:51am
Here are the detail setting for the new latest version of the Livelli EA which can be seen on the trading explore

Of course feel free to use your own settings
The moving average settings are the default setting ie 200,20,5 ema these can be modified by the user by numerical value or by style ema sma or wma

Dead pan pip is set to 2 This may not be necessary as this was installed because of a debugging problem
Enable time filter I set this to false The user starts the Ea at a predetermined
time
Use stop by profit Set this to TRUE ( this is the overall stop loss)
This was set to 400 or 40 pips Which is too low in our case
My thought on this setting are that it should be set to over 15000 or 1500 pips
Use stop loss to true Set this to TRUE
The default setting of 100 is only 10 pips so I have changed that to 1000 ie 100 pips
Livelli setting These are the default settings

ADX settings These I have set to false

Info 3
Money Management The default is 0.1 lots but I have set that to 0.01

Money management False
Risk This is set to 10% of your usable account .My demo account was 5000 and if I set the money management to true it would use a lot size of 1 lot

Maximum open orders Default is 5 but I set mine to 10

Take profit I set this to 0 Idea being if we get a large movement the trailing stop or the20/5 crossover will take us out or we can manually close our positions

Stop loss I set this to 300 which is 30 pips I might set this to 40 or 50 pips so the 20 5 crossover will take us out of a trade

Trailing stop I set this to 300 which is trail by 30 pips again I might set this higher to 40 or 50 pips

Break even I also set this to 300 30 pips Might leave that at 30

Break even pips Set this to 1

The magic number This is set to 55555
If you are running the EA on the same pair with a different strategy or a different time frame this needs to be modified otherwise Metatrader gets confused

These are the setting I used in the trading explorer for the last 2 days
When you start to run the EA with these settings you will see a number of things happen

1st The Ea will only put a buy or sell stop in place if the market is trending ie 200,20,5 are aligned
2nd If Ea places a buy stop or sell stop it will be removed if there is a cross of the 5,20 ema in the opposite direction of the trend

3rd If the trade is activated you will see a stop loss 30 pips away which will moved by the trailing stop If there is a retracement we have three stop losses in place
The first is the stop loss of 30 pips
The second is the trailing stop of 30pips
The third is the overall stop loss of 100 pips but I can only imagine that this will come into operation with stacked trades

Why did I put the overall take profit so high ?
We are looking for stacked trades
Like Wednesday night on the gbp/yen we had a steady downtrend of 330 pips with small retracements as long as these retracements are less than 30 pips and no 20, 5 crossovers occur we are looking at moves of over 1500 pips
This is not the holy grail but as long as we can break even or have small losses on the none trending days I can't see why this EA can't be profiable
ENJOY THE RIDE
  • #494
  • Edited Jun 22, 2016 4:38pm Jun 18, 2016 5:00am | Edited Jun 22, 2016 4:38pm
Quoting raylin
Here are the detail setting for the new latest version of the Livelli EA which can be seen on the trading explore Of course feel free to use your own settings The moving average settings are the default setting ie 200,20,5 ema these can be modified by the user by numerical value or by style ema sma or wma Dead pan pip is set to 2 This may not be necessary as this was installed because of a debugging problem Enable time filter I set this to false The user starts the Ea at a predetermined time Use stop by profit Set this to TRUE ( this is the overall...

Nice thread mate....new subscriber here. How do i get the ea to test it out? { email address deleted by staff } tks in advanced
  • #495
  • Jun 18, 2016 6:42am Jun 18, 2016 6:42am
Quoting raylin
Here are the detail setting for the new latest version of the Livelli EA which can be seen on the trading explore Of course feel free to use your own settings The moving average settings are the default setting ie 200,20,5 ema these can be modified by the user by numerical value or by style ema sma or wma Dead pan pip is set to 2 This may not be necessary as this was installed because of a debugging problem Enable time filter I set this to false The user starts the Ea at a predetermined time Use stop by profit Set this to TRUE ( this is the overall...
say for a SL of 300=30pips and Trailstop of 250=25pips, when will the trailstop activated in the case?
  • #496
  • Jun 18, 2016 7:00am Jun 18, 2016 7:00am
Quoting vin86
{quote} say for a SL of 300=30pips and Trailstop of 250=25pips, when will the trailstop activated in the case?
Not sure you will have to test
After back testing on the gbp/yen I have found really strong trends with retracement of 60 to 70 pips without cross overs occurring on the 20 5 emas
I think 25 pips is too small
I will be testing next week with 30 40 and maybe 50 trailing stops to see how each one performs
Of course though you have to consider the average true range of each pair to have the correct trailing stop
  • #497
  • Jun 18, 2016 7:53am Jun 18, 2016 7:53am
Optimise the trailing stop and see which one on average is best.

Post the the balance and equity curves if you will.

Quoting raylin
{quote} Not sure you will have to test After back testing on the gbp/yen I have found really strong trends with retracement of 60 to 70 pips without cross overs occurring on the 20 5 emas I think 25 pips is too small I will be testing next week with 30 40 and maybe 50 trailing stops to see how each one performs Of course though you have to consider the average true range of each pair to have the correct trailing stop
So many in the Commercial section want to make me rich! :o
  • #498
  • Jun 18, 2016 12:52pm Jun 18, 2016 12:52pm
Quoting raylin
{quote} Not sure you will have to test After back testing on the gbp/yen I have found really strong trends with retracement of 60 to 70 pips without cross overs occurring on the 20 5 emas I think 25 pips is too small I will be testing next week with 30 40 and maybe 50 trailing stops to see how each one performs Of course though you have to consider the average true range of each pair to have the correct trailing stop
Hi FXFlux
Unfortunately I could get my strategy tester to work (maybe lack of expertise)
Maybe some one can post there results setting the stop and trailing stops to different level and provide the best stops ect
  • #499
  • Jun 18, 2016 1:19pm Jun 18, 2016 1:19pm
During backtesting I get a lot of "Ordersend error 130". Maybe the EA is trying to set the SL to close to the current price. Trying another broker's data.
  • #500
  • Jun 18, 2016 1:57pm Jun 18, 2016 1:57pm
This system not possible to work in live account ha haif you start live trading please add your live trading explorer here people want to see the failure, don't hide it @fxmir it will definitely work because the ea you are seeing here is being crack by different people with great idear
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