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  • #161
  • Sep 15, 2016 10:55am Sep 15, 2016 10:55am
Quoting Foxinvest
Hi, long time on again / off again lurker who has decided it's now or never to really make a fist of this trading business. I know I can't discretionary trade and have been trading for the past 12 months using a manual rule based method on the daily time frame. I'm up about 2% for the year so not overly successful but better than losing money. I recently heard about fxDreema and found this thread. I'm finding the software quite difficult to use although it's obviously much easier than coding as I have no clue about that so hoping I can get some...
This is all possible using the formula block and variables and then condition and buy. Please look at the screenshots below and note that part 4 is simply used to multiply Part 3 by x2.

Also, when I tried to do this in the web version, it seemed that it struggled to save the variables created in the results box. It is something either the fxdreema admin could look into why it is not saving properly after hitting update OR you could check to see if you can do this on the desktop version of fxdreema as it MIGHT be more stable to do it this way.

Hope this makes sense.

Daniel
Attached Image(s) (click to enlarge)
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  • #162
  • Sep 15, 2016 7:57pm Sep 15, 2016 7:57pm
Wow that is so awesome. Thanks Daniel. I really appreciate you taking the time to look at this and put the screen shots together. I'll have a good look at it tonight when home from work. I wish I had the day off now and could work on it further. I'm sure I'll be tempted to look at it again when I should be working.

I'll most likely be back with some further queries for you.
  • #163
  • Sep 16, 2016 5:44am Sep 16, 2016 5:44am
Quoting Foxinvest
Wow that is so awesome. Thanks Daniel. I really appreciate you taking the time to look at this and put the screen shots together. I'll have a good look at it tonight when home from work. I wish I had the day off now and could work on it further. I'm sure I'll be tempted to look at it again when I should be working. I'll most likely be back with some further queries for you.
A word of advice... Don't be tempted to do much forex at all during working hours.

Long story being short, I almost lost my house and a marriage due to forex and during this time, I spent way too much time looking at forex on my work's computer and my iPhone I had at t he time!

Daniel
  • #164
  • Sep 16, 2016 8:58am Sep 16, 2016 8:58am
Advice noted. I don't really trade at work but do get to have a look at current trades during lunch break.

Where do do I put a trailing stop? As part of the blocks you have shown above? Or do I start a new "string" of blocks with an If Trade block at the top and then a trailing block underneath it?
  • #165
  • Edited 9:41am Sep 16, 2016 9:29am | Edited 9:41am
Also what is the best way to buy on Candle0 if the price reaches the value of Part2? Do I put in a Condition before Buy now of Ask >= Part2? Or is there a buy at stop value function?

i think I figured this one out. I use a Buy pending order and set a Custom level to buy at if Part2? If the buy order is only valid for that day I would then use the Expiration mode using Candle close of Candle ID 0?

this really is amazing software!
  • #166
  • Sep 16, 2016 9:45am Sep 16, 2016 9:45am
Quoting Foxinvest
Advice noted. I don't really trade at work but do get to have a look at current trades during lunch break. Where do do I put a trailing stop? As part of the blocks you have shown above? Or do I start a new "string" of blocks with an If Trade block at the top and then a trailing block underneath it?
When using a trailing stop, the block needs to be put at the top level of your buy and sell columns. Then I would create a constant so that you can use just the one input to set a trailing stop.

Do not use it anywhere else other than as top as the columns as you can as even though it can work putting the trailing stop at the bottom, it has been advised by the fxdreema admin to use it on top level. By experience I think I had problems with it when it wasn't being used on the top.

Daniel
  • #167
  • Sep 16, 2016 9:52am Sep 16, 2016 9:52am
Quoting Foxinvest
Also what is the best way to buy on Candle0 if the price reaches the value of Part2? Do I put in a Condition before Buy now of Ask >= Part2? Or is there a buy at stop value function? i think I figured this one out. I use a Buy pending order and set a Custom level to buy at if Part2? If the buy order is only valid for that day I would then use the Expiration mode using Candle close of Candle ID 0? this really is amazing software!
I think what you are saying is correct. If this is a secondary condition of buy trade, then you can run the second condition in parallel to your buy block, not in series.

As for expiration, the buy and sell block have an option for expiration. It can be set at specific candle TFs I think but easier for me, I just use the one option that says "Specific Time" and use the minutes block. That way you can make a trade expire at any minutes set. If you are using the daily, then this is 1440 minutes if you were not aware already.

Yes, I think it is amazing software. I have had great fun with it for myself and as well making EAs with other people's ideas. If not a money maker, I truly enjoyed it as a hobby for a long period of time. However, now a days, I do get a bit frustrated and wish I could enjoy more like a hobby again.

Daniel
  • #168
  • Sep 16, 2016 10:14am Sep 16, 2016 10:14am
Ha Ha Big Fail. My first strategy tester run over a 16 year period gave zero trades. Obviously I have my logic incorrect somewhere.
  • #169
  • Sep 16, 2016 10:18am Sep 16, 2016 10:18am
Is there something specific I need to do to start a column? I've seen a YouTube clip that had one column started with No trade and a 2nd column with If trade for when the trade has been activated. Is this correct?
  • #170
  • Sep 16, 2016 3:12pm Sep 16, 2016 3:12pm
Quoting Foxinvest
Is there something specific I need to do to start a column? I've seen a YouTube clip that had one column started with No trade and a 2nd column with If trade for when the trade has been activated. Is this correct?
Not necessarily. Some people use the no trade block. Personally, I use the check trade count block before a buy or a sell block and make it that the count is <1.

If you send me the mq4 file, I can have a look and see where I THINK you may have gone wrong.

Daniel
  • #171
  • Sep 22, 2016 12:50am Sep 22, 2016 12:50am
Attached Image (click to enlarge)
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Hi Daniel this is the screen shot I was talking about. See how the first line (bottom line) has stop loss of 0.97560. The calculation for this works correctly. The 2 lines above that it says "Warning: Too short SL requested (0.98256 or 0 points), minimum will be taken (0.98230 or 26 points)".

Any help with this would be appreciated.
  • #172
  • Sep 22, 2016 3:41am Sep 22, 2016 3:41am
Quoting Foxinvest
{image} Hi Daniel this is the screen shot I was talking about. See how the first line (bottom line) has stop loss of 0.97560. The calculation for this works correctly. The 2 lines above that it says "Warning: Too short SL requested (0.98256 or 0 points), minimum will be taken (0.98230 or 26 points)". Any help with this would be appreciated.
I tried this in tester and pretty much got the same thing. I don't know what to suggest other than trying it with SL and TP set at "Fixed" and still using the variables for your TP and SL as per defined in your formulas. Otherwise, you might want to seek advice from the fxdreema admin guy. He's pretty good at answering questions within a day or so and usually will help a lot of people until the problem the customer is having is fixed.

Daniel
  • #173
  • Sep 25, 2016 8:51am Sep 25, 2016 8:51am
Is it possible to place multiple trailing stops?

As mentioned in another post I am having issues with getting my original stop loss to work. I also trail my stop differently depending on how many pips a trade is in profit. So what I would like to do is have 3 trailing stops as follows (example is for a buy trade):

1. At my original stop loss that doesn't move. This might be say at the low of the previous candle to the one where the trade is taken, less a number of pips. This then is my risk (R).
2. A stop that moves up 1 pip for every 2 pips that the trade goes in profit. i.e. if my R was 70 pips and my trade is 40 pips in profit the stop would have moved up 20 pips. So my potential risk from the high is now 90 pips but from the entry point it is now 50 pips. This allows my trades that move in my favour to expand the amount of room that I give them but still moves the stop loss up so that my overall risk on the trade reduces. This is only done until my trade is 2R in profit. i.e. at this point my stop loss would have moved up 1R or in other words be at break even.
3. Once a trade is up 2R the stop moves up 1 pip for every further pip thye trade moves in profit. i.e. the stop will now be 2R from the highest price the trade has achieved.

If possible how do I code it?
  • #174
  • Sep 25, 2016 9:50am Sep 25, 2016 9:50am
Quoting keydcuk
{quote} I tried this in tester and pretty much got the same thing. I don't know what to suggest other than trying it with SL and TP set at "Fixed" and still using the variables for your TP and SL as per defined in your formulas. Otherwise, you might want to seek advice from the fxdreema admin guy. He's pretty good at answering questions within a day or so and usually will help a lot of people until the problem the customer is having is fixed. Daniel
Ok I think the error is in my trailing stop not the original stop loss.

My trailing stop is meant to be:
opening price - stop loss x 2

For example:
0.89678 - 0.89117 x 2 = 0.01122

The trailing stop is trying to place a stop at 0.01122 pips from the opening price. How do I convert this into pips? I could multiply by 10,000 and get 112.2 pips but this wouldn't work for JPY pairs?
  • #175
  • Sep 26, 2016 5:57am Sep 26, 2016 5:57am
Quoting Foxinvest
{quote} Ok I think the error is in my trailing stop not the original stop loss. My trailing stop is meant to be: opening price - stop loss x 2 For example: 0.89678 - 0.89117 x 2 = 0.01122 The trailing stop is trying to place a stop at 0.01122 pips from the opening price. How do I convert this into pips? I could multiply by 10,000 and get 112.2 pips but this wouldn't work for JPY pairs?
This is getting a bit complicated for me to figure out but in any case, I don't know if this section will help.

Please look at the screenshot where there is a section in the trailing stop block for Custom (price fraction). Otherwise, you may have to use a multiplier and possibly have 2 EAs for both JPY and non-JPY pairs.

Daniel
Attached Image
  • #176
  • Sep 26, 2016 9:27pm Sep 26, 2016 9:27pm
Hi Daniel

Thanks for looking at this again for me. I think I've figured out the original trailing stop loss level by using a formula block to determine the initial trailing stop loss level rather than using pips. I still haven't managed to get the trailing stop to move up in line with price so that's the next step for me to figure out.

The other issue I haven't figured out yet is the multiple trailing stops i.e. where the stop moves up at a different rate after reaching 2R profit than it did before reaching 2R profit.

Hopefully I'll get some response to my queries on the fxdreema forum.
  • #177
  • Sep 27, 2016 3:19am Sep 27, 2016 3:19am
Quoting Foxinvest
Hi Daniel Thanks for looking at this again for me. I think I've figured out the original trailing stop loss level by using a formula block to determine the initial trailing stop loss level rather than using pips. I still haven't managed to get the trailing stop to move up in line with price so that's the next step for me to figure out. The other issue I haven't figured out yet is the multiple trailing stops i.e. where the stop moves up at a different rate after reaching 2R profit than it did before reaching 2R profit. Hopefully I'll get some response...
I think that what the issue is with STOPS, being fixed or trailing, is that once they are set they cannot be re-entered in value.

Obviously a trailing stop will move according to its nature but the initial value cannot be changed. As goes with the fixed SL, I think it can only be set once as well.

If you are working with putting a variable inside something that can only be set once, then you will not be able to.

There is a block called "Modified stops on trade" that you may want to look into. I have not personally worked with it in any of my EAs. It may or may not help.

Daniel
  • #178
  • Sep 27, 2016 7:18am Sep 27, 2016 7:18am
Thanks Daniel. I'll have a look at the Modify Stops block. It looks like it may do what I want it to.

Before I explore that though I seem to have an issue with just having 1 trailing stop. And it might be because of what you have written about using a variable. I tried using a calculated value as my initial custom level as per attachment below. The calculated value is the same level as my original stop loss so when price moved up the stop should have trailed with it. It seems to allow it but when in a trade the trailing stop doesn't move with price.

Attached Image



I then modified to use an 80 pip stop and this time it trailed with price.

Attached Image


I assume this has something to do with using a variable within the trailing stop.
  • #179
  • Sep 27, 2016 8:41am Sep 27, 2016 8:41am
Quoting Foxinvest
Thanks Daniel. I'll have a look at the Modify Stops block. It looks like it may do what I want it to. Before I explore that though I seem to have an issue with just having 1 trailing stop. And it might be because of what you have written about using a variable. I tried using a calculated value as my initial custom level as per attachment below. The calculated value is the same level as my original stop loss so when price moved up the stop should have trailed with it. It seems to allow it but when in a trade the trailing stop doesn't move with price....
Interesting you say this. I would not have thought that the trailing stop would only work on the first trade because your variable calculation happens on each tick as I am guessing you are building your EA underneath the "on Tick" tab.

It could be the case it is not working properly because it is a variable. If you have placed a fixed SL setting as your trailing stop, then I suspect that it IS the variable that is the culprit of not allowing your to trail stops properly or to have stops at all other than your first trade.

In any case, I hope you get the EA going the way you want to or at least at most of what you would like it to do.

Daniel
  • #180
  • Sep 27, 2016 9:12am Sep 27, 2016 9:12am
I'm slowly getting there. The method has been profitable the past 15 months trading it manually, so hopefully I can get the EA to work.
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