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Simplicity is the Ultimate Sophistication

  • #241
  • Edited 10:49pm Mar 29, 2017 10:21pm | Edited 10:49pm
Quoting zentrader8
just downloaded the EA and test it, change the time to 4.00, and then watch the price, it just pass through the 00 level, without taking an order. maybe something is wrong? {image}
@Zen,

When you attach the Ea to a chart, TradingStartTime value should be higher than current 1H candle. So it should be placed before the last candle before London open begins. I think, you put a lower value than the current one, so ea didn't open pending orders.

Are you still in icmarkets? Current 1H candle time is right now 6:00 am. Please change the TradingStartTime = 07:00 and try once more

As soon as 6:00 candle closes and 7:00 candle begins, Ea takes low /high prices of 6:00 candle, calculates 1.xx000 levels, and puts buy/sell stop orders.

And Zen, your commission is 5.5 not 7. So please change your Commission = 0.55
  • #242
  • Mar 29, 2017 10:53pm Mar 29, 2017 10:53pm
Current High /Low values of the 6:00 candle are

High : 1.07522
Low : 1.07451

So if these values won't change, when 6:00 candle closes, and 7:00 candle begins, according to your strategy, ea will place a buystop order @ 1.07600 , and a sellstop order @ 1.07400.

Am I right?
  • #243
  • Mar 29, 2017 11:09pm Mar 29, 2017 11:09pm
It's working

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot from 2017-03-30 07-07-03.png Size: 17 KB



Zen , please don't forget the delete pending orders and change your TradingServerTime = 09:00 (for icmarkets only gmt+03)
  • #244
  • Mar 30, 2017 1:42am Mar 30, 2017 1:42am
Buystop @ 1.0760
Sellstop @ 1.0750

Buystop has been triggered.

TP : 1.0770
SL : 1.0745
  • #245
  • Mar 30, 2017 1:48am Mar 30, 2017 1:48am
buy stop @ 1.0760
TP at 1.0770
SL at 1.0747

open 2 trade,
one at 10 take profit
one at 10 pips Break even +1
Attached Image (click to enlarge)
Click to Enlarge Name: 30-3-2017.png Size: 35 KB
  • #246
  • Mar 30, 2017 1:49am Mar 30, 2017 1:49am
Quoting grandaevus
Buystop @ 1.0760 Sellstop @ 1.0750 Buystop has been triggered. TP : 1.0760 SL : 1.0745

Yes its working already, thanks.
But i notice for the tp it add the commision ?
and also in this trade, you are taking 17 pips ? with 15 sl?
  • #247
  • Edited 2:42am Mar 30, 2017 1:56am | Edited 2:42am
Quoting zentrader8
{quote} Yes its working already, thanks. But i notice for the tp it add the commision ? and also in this trade, you are taking 17 pips ? with 15 sl?
In order to achieve 10 pips profit to 15 pips loss ratio , commission should be added to takeprofit and subtracted from stoploss.

So actual takeprofit should be 10 + commission which is 10+0.7 = 10.7 pips for icmarkets and stoploss should be 15-0.7 = 14.3 pips.

If you pay 7$ commission per 1 standard lot=100,000units , your trading lot size is 0.10 and you set Commission : 0 , your net profit would be 10-0.7 =9.30$ not 10$. And if you loose, your loss would be 15+0.7 = 15.7$ not 15$.

And it's not 17 pips, it's 10.7 pips.

7$ commission is equal to 0.7 pips. (for EurUsd)

You should set Commission parameter to 0.7 not 7. As far as i know you pay 5.5$ commission per 1 standard lot so your Commission parameter should be 0.55
  • #248
  • Mar 30, 2017 2:36am Mar 30, 2017 2:36am
now it's sell order at 1.0750 to 1.0740
  • #249
  • Mar 30, 2017 2:38am Mar 30, 2017 2:38am
SL
  • #250
  • Mar 30, 2017 2:48am Mar 30, 2017 2:48am
Sell Stop Ended with profit
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 4 KB
  • #251
  • Mar 30, 2017 2:48am Mar 30, 2017 2:48am
Quoting MemO_KinG
now it's sell order at 1.0750 to 1.0740
Shouldn't be 1.0740 to 1.0730?

Stoploss is at 1.0745 so next 1.xx000 level is 1.0740

Zen, could you please confirm the right sellstop level?
  • #252
  • Mar 30, 2017 2:54am Mar 30, 2017 2:54am
Quoting grandaevus
{quote} Shouldn't be 1.0740 to 1.0730? Stoploss is at 1.0745 so next 1.xx000 level is 1.0740 Zen, could you please confirm the right sellstop level?
Do u mean sell stop at 00 levels under stoploss?
  • #253
  • Mar 30, 2017 2:55am Mar 30, 2017 2:55am
i think sell stop order is at level 00 of the candle
  • #254
  • Edited 3:26am Mar 30, 2017 3:08am | Edited 3:26am
Quoting MemO_KinG
{quote} Do u mean sell stop at 00 levels under stoploss?
Absolutely, Otherwise you would open a short order while your long order is still running .

But frankly i'm not sure so i'll wait for a confirmation from zen.

Backtest shows that it's not a good idea to increase your lot size to recover your loss.

In my opinion one trade per day would be enough. With leverage 10, you only risk 1.5% of your account balance. If you increase your lot size and loose again, your total loss would be 1.5 + 4.5 = 6% of your account balance.

With a 10 pips to 15 pips win/loss ratio, you need 6 wins in a row to recover your loss. Probability of this case is (1/2)^6 = 1/ 64 = 1.56 %
  • #255
  • Mar 30, 2017 3:22am Mar 30, 2017 3:22am
maybe u r right i'm waiting for confirmation from Zen too
because it's my first trade by this system
Thanks god
  • #256
  • Mar 30, 2017 3:53am Mar 30, 2017 3:53am
Quoting grandaevus
{quote} Absolutely, Otherwise you would open a short order while your long order is still running . But frankly i'm not sure so i'll wait for a confirmation from zen. Backtest shows that it's not a good idea to increase your lot size to recover your loss. In my opinion one trade per day would be enough. With leverage 10, you only risk 1.5% of your account balance. If you increase your lot size and loose again, your total loss would be 1.5 + 4.5 = 6% of your account balance. With a 10 pips to 15 pips win/loss ratio, you need 6 wins in a row to recover...
Yes, the right sell stop would be at 1.0740 because the first order is buy stop, and the stop loss is under 1.0750 already.
So the right one is 1.0740.
  • #257
  • Mar 30, 2017 3:57am Mar 30, 2017 3:57am
Quoting zentrader8
{quote} Yes, the right sell stop would be at 1.0740 because the first order is buy stop, and the stop loss is under 1.0750 already. So the right one is 1.0740.
so the Sell order is active now waiting for 1.0730 with SL 1.0755..right?
  • #258
  • Mar 30, 2017 4:01am Mar 30, 2017 4:01am
Quoting MemO_KinG
{quote} so the Sell order is active now waiting for 1.0730 with SL 1.0755..right?
yes, you are right.
  • #259
  • Mar 30, 2017 5:49am Mar 30, 2017 5:49am
I use One Cancels the Other (OCO)orders. ETXCapital in UK offers these. So as one is filled (ie long) the short would be cancelled.
Trade less and become more profitable!
  • #260
  • Mar 30, 2017 6:31am Mar 30, 2017 6:31am
Hi Zentrader,
thank you for sharing the Trading Idea.

When you miss your 10 Pips in the first run, you trade the 2. for recovery with Tripple LotSize.

I have 2 Suggestions:

1. Trade both Trade (second when possible) with same Size....
2. When you hit the SL in the First Run, maybe in the second too, instead of Tribble the Lotsize, Tie the Losses to the next 5 Trades...

What do you think about this ?.

BR
Donald
The route is the goal
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