Hi
I am starting a new account with two new ea’s with a very interesting strategy.
One ea is a complex of scalping and mini martingale.
The other ea is a combination of grid and martingale.
Very interesting both close only when net result is positive or hits stoploss with least loss.
One is dynamic while other is Asian market scalping.
Lets see how things workout.
Both ea’s are customized for personal use by a professional who lives on forex.
All the best to me
What EA’s are you using?
Its non commercial ea.
I will be running only one ea for now.
The other ea is just a concept party developed; which i want to complete.
I will be needing a programmer for that.
Will keep you’ll updated
Thanks
Can you share this EA? I can always test it with you if you like?
It’s at a very dangerous stage right now.
I literally have to babysit the ea like a parent who takes his child out in park.
Sitting on the bench he observes the child play. And then instructs the child what not to do or intervenes before things turn dangerous.
I have to write down that at what level the ea behaved bad and figure out why.
I also have o barter out the values of parameters.
Its not what you use its how and when you use it to gain profits
Thanks
Devendra
The test is on live and i know for sure if i am not careful i will have to take a bad hit.
Back testing and demos have no meaning
First day of trade and 10% down because of news.
The bad thing about this ea is there is no news filter.
Can someone help me out with this.
Is there anyway i can add news filter to mt4 directly.
That means mt4 will not trade anything on news timing.
The drawback on first day of trade i figured is any additional movement in range outside scalping range the ea loses money there is a strict range for profit making.
I will be running this ea for atleast three months before giving up.
The risk % is set at 10 times the original just for testing.
Will post reports soon
Looks like your grail has a leak…
And just for the record, that is some very irresponsible trade management. You may want to rethink that risk level setting on a live account.
I totally agree on the risk management part but this account is only for study purpose its a very small account.
The reason for keeping high risk is that its easier for calculations and for comparing the indicators values with the loss values.
So that i can figure out what’s going wrong.
Thanks or the concern.
I am thinking of adding ATR and RSI in the ea.
If ATR and RSI are positive in higher charts then the ea will stop trading.
Can anybody supply me with ATR and RSI values?
I dont see why back testing and demos have no meaning. You can try by ticks data. at least that can help you do some minor checking, debug or fixing any other fatal problem first.
"I literally have to babysit the ea like a parent who takes his child out in park. ??!!"
I think since you are directly going live, you should add some safety subroutine into ur coding.
Well since the “holy grail” system is yours, how would anyone know where and how to insert the RSI and ATR calculation other than you. If you can develop such an holy grail system, I suppose writing a few line of RSI and ATR codes into your system wouldn’t be harder compare to asking people to help you develop the module where the person first has to understand your entire program logic flows before editing.
Well do you really think i have directly gone live?
Go and pick any commercial ea and back test it with every tick and then go live with it you will know for yourself what i am talking.
Babysitting ea because it showed good backtest but i don’t know.
There is a question mark after my holy grail which you didn’t notice.
I am not asking anybody to insert ATR and RSI into the system i am asking which ATR and RSI values work.
Anyways thanks for your help.
Back to reports
Today ea has gained 3%.
ATR and RSI values added to inhibit trades and trailing stop loss added to direction of ATR and RSI.
Means if ATR and RSI values show sell then all buy signals stop and sell orders continue with trailing stop loss and visa-versa.
Caught an uptrend on buy on ea and gained 3%
Thanks
sounds like its coming along well, well done.
This morning while i was driving heading for breakfast…
It just come across my mind about your “news filter thing”
Probably can be easily done by storing a threshold range for Bid - ask = (threshold) ?
since first thing news probably going to affect is the bid ask range.
well, if this is wat you are looking for.
Bingo
That’s exactly what i want.
Thanks a lot will add it today.
Now urn talking.
Devendra, I just wanted to throw this in here for ya,
RSI wont work as over bought or over sold, so, dont use it for that…
To use RSI properly, Which i dont know how to do, for an EA, but use it live in this manner, is wait for it to break its last high, or last low, or current range…
Although, you would think its workable like that, but 67.2 inst the same force as the last 67.2,
But to get a TRUE use with an EA, its best to look for RSI to [U]BREAK ITS OWN SUPPORT AND RESISTANCE[/U]>[U][/U]
AND, if you can figure out this code, please share, lol…
As far as news, I think you have to have a binary rule in there, im not sure, I think its best to just manual trade at those times, or have the EA not run in those times. Which might take human intervention at those times, or set EA to just not trade in those blocks of time…
EA’s SHOULD be made, to grab the easy, 99% sure pips, and not really concentrate on the big swings, where 30 pips can make or break a trade, and we alllllllll know, those 65 pip spikes have been sprouting up more often latly, to me anyways…
Your offering very litle info in this EA, so its hard to see whats happening…
SO, to answer your RSI question,
NO VALUES WORK,
As the beast feeds on its OWN past data,
Now, understand you may take this with a grain of salt, as this is what I have learned about RSI, because It is one of my favorite Indicators,
And as far AS ATR, I like to use it set at 1 value, then threshold of less then 5 per 1M bar. So, if the last bar was more then 5, I wont let the EA trigger, because its more then likely in the middle or end of a move.
for each additional minute UP as per timebar, 1M=5 5M=25 15M=75 and ect, ect, ect…
So, if Im trading 5M TF, I wont allow my EA to make a trade if last bar was more then 25…UNLESS, your EA is looking for retracemtns or something to that effect…
I also use this type of calculations for volumes, but 50 per 1M…
And again, Volume can be used in the same fashion as ATR…
Wish you much success in your quest,
I get it
So if i want to inhibit my ea using atr or volume i set it exactly opposite.
If last bar is less than 5 in 1m it should not trade for atr.
I am not sure but will back test.
Thanks
Right on Bud,
Exactly, you wnat o either catch the swing, BEFORE, so you want low volume, and/or low ATR, because that tells you, you didnt miss it yet, and have a chance to get on board, OR you cant wait for extream Volume, and Extream ATR to catch the SHORT TERM TRADERS fears…
IF your scalping, you want to catch the middle somewhere, a consistante middle, wheater its 50 or 0.00 or whatever…
Theres alot into it, you have to think in terms of SURE pips when messing with Bots… Sure, nothing is SURE, but you can narrow it down prety well…