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Attachments: TCL1 EA - Proud EA for a poor trader!
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TCL1 EA - Proud EA for a poor trader!

  • #41
  • Sep 18, 2016 2:30pm Sep 18, 2016 2:30pm
Hi.

The file of your robot does not allow to download. Please add it again.

best regards

miguel
  • #42
  • Sep 18, 2016 10:56pm Sep 18, 2016 10:56pm
Quoting mzapata24
Hi. The file of your robot does not allow to download. Please add it again. best regards miguel
I am able to download it in different systems. Please check your system settings which may be blocking the download or try changing the browser and let me know. Else i will change the file.
  • #43
  • Sep 27, 2016 7:22am Sep 27, 2016 7:22am
Hi DS, I m using you EA .. Awesome EA.. Kindly tell me how to reduce the lot size.. Pl tell me
  • #44
  • Sep 27, 2016 11:49am Sep 27, 2016 11:49am
Quoting m.kj
Hi DS, I m using you EA .. Awesome EA.. Kindly tell me how to reduce the lot size.. Pl tell me
The combination of first two parameters control the initial minimum lot size. For example the first parameter ( Minimum balancw per lot size) value is 1000 and second parameter (Lot size per minimum balance) value is 0.1, then the EA will take initial lot as 0.1 till the account balance is less then 1000. When the account balance reaches 2000 the EA will automatically calculate lot size as 0.2. That is 2000 is 2 times 1000 so lot size will be 2 times the size defined in the parameter (2 x 0.1 = 0.2). and so on....
  • #45
  • Sep 28, 2016 12:53pm Sep 28, 2016 12:53pm
Many of you have asked about the settings i use with this EA. So i attached my personal settings for EURUSD pair.
Attached Image (click to enlarge)
Click to Enlarge Name: sn.JPG Size: 100 KB
  • #46
  • Sep 28, 2016 2:53pm Sep 28, 2016 2:53pm
I can't backtest it.
2016.09.28 14:51:43.875 TestGenerator: unmatched data error (volume limit 782 at 2016.09.23 05:15 exceeded)

Nothing else happens.
  • #47
  • Sep 29, 2016 1:05am Sep 29, 2016 1:05am
hi DS

Thanks for giving your settings for EURUSD. Can u also provide the currencies that you have added and its settings also plz.. so that it helps us to follow the leader.
one more thing i would like to ask you. in 17th point you hv mentioned abt Fixed Loss percent- The percentage of equity to close all trade. and default you hv set it to 90. does this mean that when capital comes down by 90%, all the entries are closed ??..pl explain...
  • #48
  • Sep 29, 2016 8:56am Sep 29, 2016 8:56am
Quoting m.kj
hi DS Thanks for giving your settings for EURUSD. Can u also provide the currencies that you have added and its settings also plz.. so that it helps us to follow the leader. one more thing i would like to ask you. in 17th point you hv mentioned abt Fixed Loss percent- The percentage of equity to close all trade. and default you hv set it to 90. does this mean that when capital comes down by 90%, all the entries are closed ??..pl explain...
I could not understand by currencies i have added ? The backtest result at the begining belongs to EURUSD pair. Other than EURUSD i only trust AUDUSD pair. And you have understood correctly about "Fixed Loss Percentage", this will close all trades with the pair when loss reaches the loss percent mentioned. This doesnot help much but sometimes prevent blowing up the account entirely if ever it happens.
  • #49
  • Oct 6, 2016 12:18pm Oct 6, 2016 12:18pm
To your request about how I programmed the EA.... the answer is simple. Most part of my code which contains the basic functionalities (such as opening, closing, lot calculating) is generated using EA designer software available online, I just drag and dropped my technique and it built the code in the background. Then I took the generated source code and did some additional changes where i added multiple protective logic which protects the account from blowing up in unwanted situations.
Hope you understand it. If you have no programming skill, building EA of this magnitude will be difficult, not impossible. If you just want to generate simple EA for your trading logic then you can use the same code generating tool i used. It is the best of its kind currently available in the market. Link below

EA builder
  • #50
  • Oct 29, 2016 4:15am Oct 29, 2016 4:15am
EA attached at the beginning is upgraded with:

1. New settings (Sudden close on profit in pips (0- Ignore)) which help with instant closing of trade on certain profit level.
2. Unwanted setting as total number of open trade, is removed.
3. EA expiration date will be visible at right hand corner.
4. Name of the EA is changed to something sensible (ForexMachine).

The attached document is also updated with new data regarding EA

You can directly remove your old EA (TCL1) from your platform without closing any trade and put in this new EA (ForexMachine). It will automatically catch up with the open trades and you will not lose any trade or data.

Happy Trading
  • #51
  • Oct 29, 2016 5:31am Oct 29, 2016 5:31am
hello D.s
I understand you test it on 15 timeframe?
what I thin you can manual turn on EA when london open next 4 hours EA can autotradning and then you can manual turn off it, then you wait when ny open and one hour later manulay turn on EA (to avoid important messages) and open next 4 horus EA autotrading and then turn off on sydney and tokyo (australian and asian session)
  • #52
  • Oct 29, 2016 7:05am Oct 29, 2016 7:05am
Thanks for the EA, D.S. ,I will give it a spin.

Would it be possible for you to create a myfxbook verified account, using the latest version of your EA, so we could follow its success?

Regards,
Ilios Ellas
  • #53
  • Oct 29, 2016 7:24am Oct 29, 2016 7:24am
Quoting jafp
hello D.s I understand you test it on 15 timeframe? what I thin you can manual turn on EA when london open next 4 hours EA can autotradning and then you can manual turn off it, then you wait when ny open and one hour later manulay turn on EA (to avoid important messages) and open next 4 horus EA autotrading and then turn off on sydney and tokyo (australian and asian session)
Yes I have tested on 15 min. But I feel like longer time frame will have more better result. Its not confirmed though.

Your 4 hour logic sounds great. But what if there is a open trade when you want to turn off and the trade is in negative profit. So It is not wise to turn off the EA. Still you can achieve your method by changing the parameter allowed trading to false after a trade is initiated. This will stop trading after obtaining a profit.
  • #54
  • Oct 29, 2016 12:10pm Oct 29, 2016 12:10pm
this is just a sugestion I am not a supporter of EA, otherwise I use only D1 chart and becouse a smaller interval is too big chaos I do not say whether it's good or bad, each must find his way. Once I tried a small interval but it does not end well for me
Why I suggest 4 hour logic becouse you use small timeframe and the greatest fluency is london and ny session
you say " But I feel like longer time frame will have more better result" what did you mean? you try this method longer tf ?
  • #55
  • Oct 29, 2016 12:27pm Oct 29, 2016 12:27pm
Quoting iliosellas
Thanks for the EA, D.S. ,I will give it a spin. Would it be possible for you to create a myfxbook verified account, using the latest version of your EA, so we could follow its success? Regards, Ilios Ellas
I have no idea about myfxbook, but i will definitely look into it.
  • #56
  • Oct 29, 2016 12:29pm Oct 29, 2016 12:29pm
Quoting jafp
this is just a sugestion I am not a supporter of EA, otherwise I use only D1 chart and becouse a smaller interval is too big chaos I do not say whether it's good or bad, each must find his way. Once I tried a small interval but it does not end well for me Why I suggest 4 hour logic becouse you use small timeframe and the greatest fluency is london and ny session you say " But I feel like longer time frame will have more better result" what did you mean? you try this method longer tf ?
Yup longer time frame tests are more promising but the risk:reward ratio also changes. So at the end time frame belongs to trader's personality.
  • #57
  • Nov 1, 2016 6:23am Nov 1, 2016 6:23am
The processing power of my VPS is very slow and barely supporting one EA so I am not able to run multiple EA. If any person has VPS powerful enough to support multiple EA then could that person start a demo acount and connect it with myfxbook EA and ForexMachine EA and publish it in the forum so that we all can track the ForexMachine EA productivity ?

AND For our info: Many people are misunderstanding the parameter "Lot size per minimum balance" its just a calculation value. The actual lot size is dependent on two factors along with your account balance
1. Minimum balance per lot size
2. Lot size per minimum balance.

if they are 300 and 0.01
It means for every $300 in your balance, the EA will take lot size as 0.01. So if your balance is $900 your lot size will be 0.03. So change them accordingly to your requirement of risk and reward.
If you don't want it to happen then just set " Smart lot increment with profit" to false. Then it will take the lot size provided in the parameter for lot size per minimum balance.
  • #58
  • Nov 9, 2016 10:13am Nov 9, 2016 10:13am
This is a update for the settings used with EURUSD pair.
Previously I suggested parameters for Minimum balance per lot size as: 200 and Lot size per minimum balance as 0.01. But It seems currency fluctuation is bit high, so it will be better to increase Minimum balance per lot size from 200 to 400. This will add much more security and trade can handle bigger fluctuation without blowing up the account.
I personally use bit higher value:500.
  • #59
  • Edited 1:45pm Nov 10, 2016 12:41pm | Edited 1:45pm
Quoting D.s
This is a update for the settings used with EURUSD pair. Previously I suggested parameters for Minimum balance per lot size as: 200 and Lot size per minimum balance as 0.01. But It seems currency fluctuation is bit high, so it will be better to increase Minimum balance per lot size from 200 to 400. This will add much more security and trade can handle bigger fluctuation without blowing up the account. I personally use bit higher value:500.

Here is a myfxbook account:

https://www.myfxbook.com/portfolio/712007/1853938

Please send me any updates to the EA, so I can do same to the demo: { email address deleted by staff }
  • #60
  • Nov 14, 2016 9:49am Nov 14, 2016 9:49am
Hi All I am sorry but, please do not mail me to build EA for you. Currently I have stopped building any more EA for traders.
I have generated most of my EA code using EA Builder. Its easy and simple. Please try it yourself. There are lots of videos available in Youtube which can also help you to use this tool.
EA BUILDER
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