What I gather from this is basically once a new dot appears, the two dots before that is your buy and sell stops, Am i correct in saying this?
So for the one i posted yesterday basically the bottom line is sell stop and top line buy stop. Disregard the middle line as in my previous post.
I do not really know either but am waiting to hear back from the Guru’s lol
OK, in this example you would ignore the top live because it’s not locked in until the next dot appears, the middle line would be your buy stop and the bottom line would be your sell stop. The color of the dots depends on how the swing_zz is set up, I set mine up so the red dots are on the bottom and the green dots are on top, and I also increase the size of the dots for better visibility.
Hi Jaws do you know why it is not working as i can ask a couple of guys to take a look (no promises) but they would need as much info as possible about why the EA does not work ?
The problem is that the EA has no way to track trades making it impossible to know when to change the SL to BE after the first TP is hit. To fix it we just have to add a way of tracking trades. Currently the EA places the trades with an initial SL and then forgets that the trades were placed, which also causes duplicated trades if MT4 gets shut down while the EA is running. Basically the EA needs a way to remember the stop orders it places and monitor active trades so it will know when the SL needs to be modified. I hope this helps.
Good evening
I meant to ask before could this method be used on the 5m charts maybe? As have been watching the eur/usd on the 5m charts a bit and seem to find a few entries though… If i am able to use it on the 5m time frame, are the lines in blue on my picture the correct places for long and short?
Thanks in advance
Yes those are the correct places for the entries that would have been hit on that chart, and you probably could use the 5m chart for manual trading at times when the market is moving in one direction with minimal retracing but I wouldn’t try using the EA on 1 or 5 min chart.
Thanks alot for the help Jaws
I will do some more testing with my demo accoutn on it for a while before using my live account.
Also No offence but I like to trade manually as to be honest I am not a huge fan of EA as I like to watch my trades get hit and topped at take profit or Trailing stop.
Just for interest sake the EA does it work well on the 15 min chart though?
Where could I find it?
Hi Jaws, this is a trade of mine for this morning sofar, waiting for it to hit one of my stops though…So basically as per your reply before I could use it on the 5min charts aswel if i do it manually…
I had one or two trades this morning but I had trailing stops on them and although I had a few pips on the trade when i went back and checked i could of let it ride a bit… But is there someway we would know it would go further or shall just play it safe and keep my trailing stop on.
Also, where would i find the ea if i do go on to the bigger charts?
Actually I was looking at the 15 min charts when I originally developed the system but after the EA was created I did testing and found it worked best on the 30 min tf. To be honest if you trade at the same time every day and watch your trades you’ll probably do just as good or better than the EA, I just don’t have the patients to sit in front of the computer for 8 hrs a day and I get frustrated when I miss a good trade which is why I want to get the EA working right. ATM the EA only works right live when using it with one trade at a time but it’s full potential is realized when you backtest with 10 trades. Here is the latest version of the EA and the explanation of the settings are on post 49 in this thread, everything is the same except I changed the default settings.
Swing 1_2.zip (4.49 KB)
Thanks for the EA jaws…
I will try run it a bit tonight and see how i get on with it … What settings do you use on it?
Like I said it doesn’t really work live unless you use 1 on the number orders setting but the default settings give the best backtest results, the only thing I play with is the number of orders and the risk percentage and the tf setting if you want to use it on a different tf.
Can you please tell me why the EA doesn’t work for me on Demo account?
