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Simplicity is the Ultimate Sophistication

  • #601
  • Apr 25, 2017 1:46am Apr 25, 2017 1:46am
Quoting Grimweasel
{quote} Hey Grandaevus On the EA what is the magic number please? Thanks
https://www.mql5.com/en/forum/106755
  • #602
  • Apr 25, 2017 1:46am Apr 25, 2017 1:46am
Quoting grandaevus
{quote} If your actual spread is higher than that value, then ea doesn't place pending orders. Increase to 1.00 or 2.00
Tried the zentrader ea 8, the setting is like this:

Attached Image (click to enlarge)
Click to Enlarge Name: tes zentrader ea 8 setting.png Size: 63 KB


and the ea open the order at 1.08715, i dont know what rule does it use, it supposely open the order and place buystop @ 1.0880,
maybe something wrong here?or is there any mistake on the coding?
Attached Image (click to enlarge)
Click to Enlarge Name: tes zentrader ea 8.png Size: 21 KB
  • #603
  • Apr 25, 2017 1:46am Apr 25, 2017 1:46am
Quoting grandaevus
{quote} ###ZenTrader EA V08 Rules are based on ideas of Grimweasel that he has written @ post # 576 {image} {file}
Thanks for creating this EA, i am currently testing it, is it possible for you to add a fixed/manual lot size function in the next version..?

Will be needed if we do take this to live..

Cheers
  • #604
  • Apr 25, 2017 2:31am Apr 25, 2017 2:31am
Quoting zentrader8
{quote} Tried the zentrader ea 8, the setting is like this: {image} and the ea open the order at 1.08715, i dont know what rule does it use, it supposely open the order and place buystop @ 1.0880, maybe something wrong here?or is there any mistake on the coding? {image}
Rule2 if ea puts only one pending stop order.

 

  1. If price > ema then disregard the .00 level above your signal candle. Look for the highest candle high of the day (starting at 0001hrs) and place buy order 1 pip above that candle high. This now looks for the trend to continue and fill our larger TP. 1xATR stop with a 1.5xATR TP. (so today the 24ATR is 13 pips. So 13 pip stop and 20 pip (rounded up) TP. This way winners will always be greater than losing trades. Cancel order by 0600 next day if not filled.

 

  1. If price < ema then reverse of above. Look for lowest low of that day (starting at 0001hrs) and place sell orders 1 pip below that candle low. 1xATR stop and 1.5xATR TP. Cancel order by 0600 next day if not filled

  • #605
  • Apr 25, 2017 2:36am Apr 25, 2017 2:36am
Hey Grandaevus - with 1.0 in the Rule1ATRSL field - what type of order will the SL be...??? i see neither of mine today has SL values in the order but both went + so never saw what would happen wrt SL... Cheers
  • #606
  • Apr 25, 2017 6:15am Apr 25, 2017 6:15am
Quoting neil001
Hey Grandaevus - with 1.0 in the Rule1ATRSL field - what type of order will the SL be...??? i see neither of mine today has SL values in the order but both went + so never saw what would happen wrt SL... Cheers
Could you please send a screenshot of your settings?
  • #607
  • Apr 25, 2017 6:20am Apr 25, 2017 6:20am
Quoting grandaevus
{quote} Rule2 if ea puts only one pending stop order. If price > ema then disregard the .00 level above your signal candle. Look for the highest candle high of the day (starting at 0001hrs) and place buy order 1 pip above that candle high. This now looks for the trend to continue and fill our larger TP. 1xATR stop with a 1.5xATR TP. (so today the 24ATR is 13 pips. So 13 pip stop and 20 pip (rounded up) TP. This way winners will always be greater than losing trades. Cancel order by 0600 next day if not filled. If price < ema then reverse of above....
Hi Grandaevus,

Today, Rule 2 buy stop order was filled. Besides the SL level not shown in the order after it was filled (using 1ATRSL btw), the breakeven was not moved to BE level after a specified pips movement (say 8pips) in our favor. Just wonder, it is designed like this (meaning to say the robot will take care of the SL level and BE level without showing to us or is this a bug?) Thanks!
  • #608
  • Apr 25, 2017 6:21am Apr 25, 2017 6:21am
Quoting neil001
Hey Grandaevus - with 1.0 in the Rule1ATRSL field - what type of order will the SL be...??? i see neither of mine today has SL values in the order but both went + so never saw what would happen wrt SL... Cheers
Noticed the same thing in the tester
  • #609
  • Apr 25, 2017 6:37am Apr 25, 2017 6:37am
Quoting grandaevus
{quote} Could you please send a screenshot of your settings?
Here we go
Attached File(s)
File Type: docx ea settings.docx   78 KB | 289 downloads
  • #610
  • Apr 25, 2017 8:16am Apr 25, 2017 8:16am
Quoting grandaevus
{quote} Could you please send a screenshot of your settings?

The EA seem to work perfect today.
Open at the right time and made a nice profit.
Just one question a stop line did appear when the trade was placed but then disappeared.
So the question I have , Will the EA managed the stop loss,
Please look at my picture,
Thank you.

Attached Image (click to enlarge)
Click to Enlarge Name: 86290412cb714603b386d3198b5b8e56[1].png Size: 9 KB
  • #611
  • Apr 25, 2017 8:19am Apr 25, 2017 8:19am
Quoting grandaevus
{quote} https://www.mql5.com/en/forum/106755
Thanks Sir. Is this why I could be getting Error 130 all the time? Is this related to the magic number? When I run the backtest in MT4 it starts off for a few trades then hangs with Error 130 Order Send error. Is this Broker related to stop min distance or order min difference (ie Price +3)
Trade less and become more profitable!
  • #612
  • Apr 25, 2017 10:52am Apr 25, 2017 10:52am
Quoting Grimweasel
Ok, the key is the Volatility of the pair (expressed by the ATR). There is little point having a stop loss inside the period ATR. You'll get hit too often. I have just manually back tested EurUsd from 30 Jan to 17 Apr. I have some minor changes to the way I now trade. I use a 24 period moving (1 day on an H1 chart) average as trend filter. Buy only if price above. Sell only if price below. If the 0600-0700 candle touches the ema - then apply the normal Zen rules but with 1x ATR stop and 10 pip target. If price > ema then disregard the .00 level...
Dear Grimweasel,
just an enquiry regarding eurjpy trading system.
The signal candel is the 30min. candle from 15.30 to 16.00 UK time. Normally at this time, or 1 h hour later at 17.00, does happen a change of the trend of the market, so that, if the trading has been going up, it reverses back to down and viceversa or it looses its steam. In spite of this, do you suggest to follow the same rule, that is to consider the 24 period SMA and trading only accordingly?
  • #613
  • Apr 25, 2017 2:34pm Apr 25, 2017 2:34pm
Quoting Sanbernardin
{quote} Dear Grimweasel, just an enquiry regarding eurjpy trading system. The signal candel is the 30min. candle from 15.30 to 16.00 UK time. Normally at this time, or 1 h hour later at 17.00, does happen a change of the trend of the market, so that, if the trading has been going up, it reverses back to down and viceversa or it looses its steam. In spite of this, do you suggest to follow the same rule, that is to consider the 24 period SMA and trading only accordingly?
I'm just trailing the 1600 candle close as the US open is often faded as the 1hr candle extremes due to many historic trading methods using the opening hour.

I read a report on ZeroHedge recently that pointed to nearly all of US equity trading taking place in the last hour (2000-2100 UK time as NY is GMT +5). Maybe we look at a different candle around that time as it may give better chances of trend/TP being hit?

If using the M30 chart then you need a 48period ema -(24 H1 periods divided by 2). Of course the actual ema setting is arbitrary. I use 24 on H1 as it makes sense. It's the one day trend. You might want to use the H4 20ema (Time frame above)(120ema). Basically we need to steer clear of the SIN of over optimization; it's a killer. In keeping with Zen's original thesis and this thread, we need to keep things as simple as possible.

All we have done is adapted the money management to something sensible. ATR. You could use standard deviation. You could use VaR from Oanda. Your choice. We have also added a trend filter to try and stay on the right side of momentum and give us a better chance of hitting TP.
Trade less and become more profitable!
  • #614
  • Apr 26, 2017 2:51am Apr 26, 2017 2:51am
26 April 2017

Buy Order 1.0950 (Triggered)
Sell Order 1.0940

TP 1.0960
SL 1.0935 (Hit)
  • #615
  • Apr 26, 2017 4:07am Apr 26, 2017 4:07am
yesterday used the zentrader8 ea, the results is positive.
today open.manual trade @ 1.0950 and sl hit @1.0937.
done for today.
i notice today the high 1.0950 was yesterday high,and its the resistance area.maybe thats why price didnt go up and straightly go down.
  • #616
  • Apr 26, 2017 8:34am Apr 26, 2017 8:34am
Quoting zentrader8
yesterday used the zentrader8 ea, the results is positive. today open.manual trade @ 1.0950 and sl hit @1.0937. done for today. i notice today the high 1.0950 was yesterday high,and its the resistance area.maybe thats why price didnt go up and straightly go down.
Thanks Zen. This is the reason in the EA for showing previous 12h high. As price was above the ema one would only set a buy stop order.

The previous 12h would be the one needed to be exceeded if the trend was to continue. I had my buy at 1.0952 which was never hit. The same as 24 Apr. The prev 12h high was never exceeded so no trade. 25 Apr was a green pip day as last 12h high was also that day's signal candle. Again, buy order only above that candle, which hit TP.
Trade less and become more profitable!
  • #617
  • Edited 12:03pm Apr 26, 2017 11:50am | Edited 12:03pm
Quoting Grimweasel
{quote} Thanks Zen. This is the reason in the EA for showing previous 12h high. As price was above the ema one would only set a buy stop order. The previous 12h would be the one needed to be exceeded if the trend was to continue. I had my buy at 1.0952 which was never hit. The same as 24 Apr. The prev 12h high was never exceeded so no trade. 25 Apr was a green pip day as last 12h high was also that day's signal candle. Again, buy order only above that candle, which hit TP.
Thanks grimweasel, now i see the point .
i hope with this filter we can filter the loses more.and get into only the right trade.
Now im testing the EA with two broker, one is tickmill, and one is icmarkets.
the settings is the same.
The results is different though, even the chart looks the same.
Today icmarkets broker trigger the buystop @1.0951, and ended with lose.
The tickmill broker didnt trigger the buystop though.The highest on tickmill is 1.09504
the buy stop is a @ 1.09509.
different brokers can lead to different result.
  • #618
  • Apr 26, 2017 12:01pm Apr 26, 2017 12:01pm
Quoting zentrader8
{quote} Thanks grimweasel, now i see the point . But does the Ea show previous 12 high? As you state the rules before you said, we should look the highest candle from 00.00 right? then it means its only today the highest candle today, not yesterday. from 00.00 to 09.00, its only 8 candle though.
You can change the last high look back. I mentioned 12hr but looking at past charts, what we are really looking for is the last low/high swing. I tend to trade above/below that on the H1

I think 24hrs could be sensible.
Trade less and become more profitable!
  • #619
  • Apr 26, 2017 12:52pm Apr 26, 2017 12:52pm
Today a double loss on eurjpy after 16.00 UK time, while this morning a profit with eurusd. Any feedback?
  • #620
  • Apr 26, 2017 1:02pm Apr 26, 2017 1:02pm
The 15.30-16.00 eurjpy candle touched the 48ema, so I traded the Zen way with SL at 1 ATR but I got two losses.
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