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  • #2,101
  • Aug 1, 2016 8:34am Aug 1, 2016 8:34am
Quoting steve80
{quote} StartLotQty * 10 * Contract_Size I don't understand 10 mean what ? 10 is mean 10 pair ?
10 is just a multiplier, note I am using now 3
StartLotQty * 3 * ContractSize = minimum required, reserving money for one setup
example:
for symmetry charts with StartLotQty=0.01 setups
0.01 * 3 * 100,000 = 3K + one 0.01 reserved = 6K for 0.01 lot
0.04 * 3 * 100,000 = 12K+ one 0.01 reserved = 15K for 0.04 lot
for symmetry charts with StartLotQty=0.05 setups
0.05 * 3 * 100,000 = 15K + one 0.05 reserved = 30K for 0.05 lot
0.20 * 3 * 100,000 = 60K+ one 0.05 reserved = 75K for 0.20 lot
got it
  • #2,102
  • Aug 1, 2016 8:35am Aug 1, 2016 8:35am
Quoting steve80
{quote} sorry for disturb you sir, i still not clear what you say, and i want to learn i-minlot can you explain one more time with my pic thanks ! AvailableLots:0.04 of 0.04 mean i just can trade with 4 chart? {image}
Correct:
4 charts at 0.01 each, or two at 0.02 each, or one at 0.04.
StartLotQty total must be less or equal to availablelots.
Note this calculation is estimated using past history. Future is unknown, I do recommend you to keep some capital reserved for emergencies.

bauta
  • #2,103
  • Aug 1, 2016 8:42am Aug 1, 2016 8:42am
Quoting jdva
Hello Bauta, do you mind if I ask you for implementing an option in the next version of EG104 to close all open positions in a chart/symbol immediately by user (true/false?). Thanks in advance, jdva
see closeAll on this post:
http://www.forexfactory.com/showthre...80#post8783980
  • #2,104
  • Aug 1, 2016 8:48am Aug 1, 2016 8:48am
Quoting bauta
{quote} keep it slow, don't be tented to add more charts. try to reserve 3K for emergencies and then use at least 3K per each 0.01 lot on standard 100K account. For cent account just factor it. One pair 0.01 lot need 6K two pairs 0.01 lot need 9K three pairs 0.01 lot need 12K etc one pair 0.1 lot needs 60K (got it) don't speed up, you will lose your money. this EA generate small profits, it does not becomes richer overnight. good luck trading, bauta
Thank you Sir Bauta, Got it!
  • #2,105
  • Aug 1, 2016 8:53am Aug 1, 2016 8:53am
Quoting steve80
{quote} hi jdva can you tell me what is the indicator you use? {image}
do not forget EG104 does not uses pending orders or predefined stop or target values when submitting orders.
EG104 submit the orders at the time of the condition using computer memory and resources. Having too many indicators that uses orders history or read open orders will slow performance and increases latency or slippages when submitting orders.
These indicators are pretties but not needed for the EA to work. You should not be on front of the computer watching for profits or losses to appear, it will fill you all of panic.
check the terminal, I will say, every four hours just to be sure the computer is working properly and to be sure connectivity is OK., also, on news releases in case you have to take any manual action. Note that manual intervention is something I do not recommend to do.
in my case, every time I am watching the terminal, tick by tick. I get into panic and more of the time I do take incorrect decisions. Let the EA do the job for you and remove your emotions. This EA is not a price action EA, it is a GRID EA
Just my advice. Good indicators by the way.
good luck!, bauta
  • #2,106
  • Aug 1, 2016 8:58am Aug 1, 2016 8:58am
Quoting Route206
Hi Bauta, Why does EG104 show a negative of 672.84, when the real number is -649.93 (I checked positions on terminal with Excel, SUM=649.93) {image}
it shows a more realistic profit/loss
why? it add to cost 1 pip value per lot, example, if you have EURUSD 0.8 lots on total, it will add 0.8 pips to the cost (10 per pick = $8.00)
also, the EA uses some portion of a pick for slippages,
these offsets will guaranty you are closing orders for profit.
in some case you must adjust the offset, when your broker slippage it too much or latency is too bad. Ta adjust it use the parameter PipsOffset
bauta
  • #2,107
  • Aug 1, 2016 9:15am Aug 1, 2016 9:15am
Quoting bauta
{quote} see closeAll on this post: http://www.forexfactory.com/showthre...80#post8783980
sorry, Bauta, I dont understand that option:

...where to draw a horizonzel line?
...at which desired level?

I just want to close quick all positions on single symbols independent whether in loss or profit!

Thx, jdva
I never lose - either I win or I learn...
  • #2,108
  • Aug 1, 2016 9:18am Aug 1, 2016 9:18am
Quoting bauta
it shows a more realistic profit/loss why? <.....> Ta adjust it use the parameter PipsOffset bauta
Gotcha! - Smart to stay on the conservative side. Thanks.
  • #2,109
  • Aug 1, 2016 9:21am Aug 1, 2016 9:21am
Quoting jdva
{quote} sorry, Bauta, I dont understand that option: ...where to draw a horizonzel line? ...at which desired level? I just want to close quick all positions on single symbols independent whether in loss or profit! Thx, jdva
Some times I do use this scrip.
bauta
Attached File(s)
File Type: mq4 o-CloseMultipleOrders.mq4   9 KB | 355 downloads
  • #2,110
  • Aug 1, 2016 9:30am Aug 1, 2016 9:30am
Quoting bauta
EURUSD cycle did not close yet. Been patient here. {image}
Indeed! and that got me thinking as to what could be a promising new feature of EG_104..
So as we all notice, EG_104 going FLAT before the weekend and/or before news is around 50% successful. This means that in 50% of the cases you're wide open to the risks of huge gaps and possible drawdowns (DDs). ALst week's EURUSD / FOMC example is one such example...

Actually i think there is a relatively simple solution: Assuming the 3hours of closure mode did NOT result in closure, then right before the news (or right before the markets close on Friday) you place a hedge. So now Long and Short positions are equal an no news can hit your account badly. 30m after the news (or at market open on Monday) the hedge is taken off and its result is considered by the EA as additional money that needs to be made up for (in case of a hedge that ended negatively) or as less money that needs to be accumulated by the EA (in case the hedge closed positively)

Consider this example:

  1. after 3 hours of closure mode there still is a 0.07/0.63 position with a 120.70 drawdown showing.
  2. 3 minutes (or so) before the news breaks, the hedge of 0.56 Long is placed, now making it 0.63/0.63 and the EA is in hedge-mode
  3. Now the news breaks and the market moves up violently, but no positions are added. It stays 0.63/0.63 as it is in hedge-mode
  4. 30m after the news, the hedge is closed and there is a 160.10 gain for closing the 0.56 Long, which was used as the hedge.
  5. The EA will is now out of hedge-mode and will start opening and closing positions as per normal operation, targeting whatever is its target, but
  6. .. now that the EA will have plunged down from -120.70 to -280.80 because the hedge was taken off, the 160.10 hedge profit continues to be accounted for such that if the target was, say 12.00$, the target is now in reality -148.10 (-280.8+160.1+120.7+12 or, in an easier way: 160.1-12.00)
  7. (Note that if the market went the other way, making it a losing hedge closing at -160.10, there now is a new target of 160.10+12.00=172.10)

Doing it this way we have achieved a couple of good things:

  1. We are ALWAYS flat with news and weekend and we will therefor never be affected by news or gaps up/down as a result of weekends, holidays etc.
  2. And.. very importantly: We now also have an opportunity to use this hedge-mode (and unhedging it..) as a vehicle to protect ourselves in roaring markets, making the EA accumulate a lot of positions and causing huge DDs: One now simply puts in a Max DD (in $$) and EA goes in Hedge-mode as described above, that can be released manually or automatically by the EA upon certain conditions.
  3. As for the certain conditions mentioned above: I would do that very similarly to the conditions you use for resuming to accumulate positions in a Bull market: in such case you wait on the 1M chart for a lower high (or two lower highs?) before you add the new position. To automatically unhedge your EA which is in hedged-more because of a set Max_DD, you can do the same using the 1D chart (daily) and wait for two lower highs on the daily and then unhedge.

With all this in place, I really think your EA will become even more robust, allowing you to run it almost worry free it would certainly provide a lot of DD protection!!
I'm excited about this idea, happy to take comments ;-)

  • #2,111
  • Aug 1, 2016 9:36am Aug 1, 2016 9:36am
Quoting bauta
{quote} do not forget EG104 does not uses pending orders or predefined stop or target values when submitting orders. EG104 submit the orders at the time of the condition using computer memory and resources. Having too many indicators that uses orders history or read open orders will slow performance and increases latency or slippages when submitting orders. These indicators are pretties but not needed for the EA to work. You should not be on front of the computer watching for profits or losses to appear, it will fill you all of panic. check the...
ok , now i all clear , thanks for your explain and help !
  • #2,112
  • Aug 1, 2016 10:28am Aug 1, 2016 10:28am
Quoting Route206
{quote} Indeed! and that got me thinking as to what could be a promising new feature of EG_104.. So as we all notice, EG_104 going FLAT before the weekend and/or before news is around 50% successful. This means that in 50% of the cases you're wide open to the risks of huge gaps and possible drawdowns (DDs). ALst week's EURUSD / FOMC example is one such example... Actually i think there is a relatively simple solution: Assuming the 3hours of closure mode did NOT result in closure, then right before the news (or right before the markets close on Friday)...
I do like your ideas and of course, I am following you. Thanks for your contribution.
hedging, is easy to accomplish. as is the EA now, you can draw an horizontal line and name it neutralize on the area you want the EA to neutralize/hedge. Example: EURUSD before news, is at 0.07/0.63, then a neutralize line above price, on an important area, will open 0.56 long and hedge the position.
Doing it automatically is something else. No really hard to do, what is hard to do is not been aware that an hedged position must be un-hedged.
so far, I do believe that a position hedged must be un-hedged manually using higher time frames, like you mentioned D1, or H4. I do not have a clear strategy to un-hedge yet. More of my hedged positions failed in the past, 8 from 10.
When a position hedge, the account is already in trouble, emotions are high, patience is short, revenge is coming to our emotions. it is difficult task.
I am trading a240 system together with EG104 because I am trying to create a set of rules to un-hedge positions.
right now, I am live in EURUSD and I am praying for it to not force me to hedge it. Why?. because I am not sure what to do next.
here is where we need help, what to do next?, how to un-hedge?. finding or creating a recovery system that take us out of trouble for small loss or breakeven is the big task.
you can post ideas here, or on a240 system, and if we do find something that makes this EA recover from hedge, some set of rules, then I may be able to program them and make them more automatically.
for now, I will keep this collection of ideas, from you, myself and other traders, and when the moment arises we will see how they work and we will implement it.
I do like ichimoku, is a more complete system, but I do not use it as it been designed because brokers and professionals know we will follow it and more of the time they play it again us.
and finally, the best way to make this EA succeed is not hedging or setting stop loses or so, the best way is with enough capital, something that many of us can not risk.
good luck trading and once again, thanks for your inputs.
bauta
  • #2,113
  • Edited 2:38pm Aug 1, 2016 11:29am | Edited 2:38pm
Quoting bauta
I do not have a clear strategy to un-hedge yet
Hang on... The strategy is exactly as I wrote it ;-) hedge 3m before news and unhedge 30m after. Simple.

Quoting bauta
When a position hedge,the account is already in trouble, emotions are hit, ......difficult task
Well, please forget about markets turning against your for a minute. Just focus on News and Weekends! Nothing is in trouble, only a hedge for DD prevention. Your current situation with EUrUSD would have been prevented!! The hedge would have been taken off after 30m after news, positions would have been modest and trading would continue and meanwhile you would have had 3 or 4 additional cycles. So while I agree that re-entry after hitting Max_DD may be an issue requiring more thought, it is NOT for weekends and news. There it is an easy and effective safe-keeper!
If you say it is easy to implement, can we at least try it? Just for news and weekends?
Sorry to be nagging a little here, but I really think this can make a difference!
  • #2,114
  • Aug 1, 2016 1:09pm Aug 1, 2016 1:09pm
Quoting bauta
{quote} it shows a more realistic profit/loss why? it add to cost 1 pip value per lot, example, if you have EURUSD 0.8 lots on total, it will add 0.8 pips to the cost (10 per pick = $8.00) also, the EA uses some portion of a pick for slippages, these offsets will guaranty you are closing orders for profit. in some case you must adjust the offset, when your broker slippage it too much or latency is too bad. Ta adjust it use the parameter PipsOffset bauta
Hi Bauta,

To make this issue more clear, would you please explain pros and cons of using higher pipsoffset? example 2 or 3 instead of 1?
I am using scalping set and sometimes losing money instead of profit even though it's not big amount and usually being recovered from future profits but as you said, i think it happens when there is high volatility and cause slippage and order latency so i would like to know what risk i will take if i set offset on 2 or 3?

Thanks in advance
Mohsen
  • #2,115
  • Aug 1, 2016 1:35pm Aug 1, 2016 1:35pm
Quoting Mohsen-b
{quote} Hi Bauta, To make this issue more clear, would you please explain pros and cons of using higher pipsoffset? example 2 or 3 instead of 1? I am using scalping set and sometimes losing money instead of profit even though it's not big amount and usually being recovered from future profits but as you said, i think it happens when there is high volatility and cause slippage and order latency so i would like to know what risk i will take if i set offset on 2 or 3? Thanks in advance Mohsen
To complete my above question, there is NDD account with some brokers which has better trading conditions (faster order, lower spread, ... ) but there is commission fee.
What would help to increase profit rate without changing grid size (to cover cost of commission) and taking advantage of No dealing desk accounts? setting higher offset can help?
  • #2,116
  • Aug 1, 2016 9:19pm Aug 1, 2016 9:19pm
Quoting Mohsen-b
{quote} To complete my above question, there is NDD account with some brokers which has better trading conditions (faster order, lower spread, ... ) but there is commission fee. What would help to increase profit rate without changing grid size (to cover cost of commission) and taking advantage of No dealing desk accounts? setting higher offset can help?
if cycles are closing for a loss, yes, you should increase pipsoffset to 2.
you may get one or two cycles even or with small loss, but if it happens frequently then you should increase pipsoffset or change brokers.
increasing pipsoffset means you agree with the pip the broker is taking from you. take that in consideration, if the broker said it has 2 pips spread but the execution is 2 pips away, then they are trapping you.
revise EA logs, it prints slippages.
thanks, bauta
  • #2,117
  • Aug 2, 2016 1:58am Aug 2, 2016 1:58am
Hi Bauta,

I've gone through your forum since the 1st tread. But i've not seen anyone mentioned of how the EA will fail and cause losses. Do you have any examples or scenarios that might happened that we should avoid? I'm currently demo'ing the EA with all default values and have not seen any losses for the last couple of weeks. Thanks.
  • #2,118
  • Edited 7:42am Aug 2, 2016 7:13am | Edited 7:42am
EG104 EA Revision 033a
What is new?

After the cycle neutralize/hedge by EG104 NeutralizeBalancePercent or by DayTarget global NeutralizeBalancePercent or by neutralize horizontal line or by manual intervention, the EA will:

  1. pause opening and closing individual orders.
  2. when in symmetry, the EA will check for total long profit on the grid line below price and for total short profit on the grid line above price.
  3. if total long profit is greater than zero, the EA will close all longs un-hedging/de-neutralizing the cycle. Reverse for shorts. (see image)
  4. if price goes again us, the cycle may be neutralized again.

Let's test it.
Please re-download EG104 from post one

Attached Image

bauta
  • #2,119
  • Edited 9:06am Aug 2, 2016 8:06am | Edited 9:06am
Thanks - just so I understand: the longs are closed when break even, but only when price in on way down?
So in the graph above it is a stop_sell order that closes the longs (buys) in point (2)?
In point (1), when price is going up, you are probably loaded with shorts, so a lot of longs are bought asa hedge right? Then price continues to rise but only on its way down is the buy hedge closed. Correct?
As you do not mention a timeframe, this can happen multiple times a day?
Again, just trying to understand.
  • #2,120
  • Aug 2, 2016 10:51am Aug 2, 2016 10:51am
Quoting bauta
EG104 EA Revision 033a What is new? After the cycle neutralize/hedge by EG104 NeutralizeBalancePercent or by DayTarget global NeutralizeBalancePercent or by neutralize horizontal line or by manual intervention, the EA will: pause opening and closing individual orders. when in symmetry, the EA will check for total long profit on the grid line below price and for total short profit on the grid line above price. if total long profit is greater than zero, the EA will close all longs un-hedging/de-neutralizing the cycle. Reverse for shorts. (see image)...

formula error found, Please re-download EG104 from post one
thanks, bauta
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