hey guys,
I couldn't get this ea to trade,i'm using FXCM-BT mt4 demo ac,attached to experts,left the settings at defualt on the Eu/usd m5 and after a week no trades?
can somone tell me where I may have gone wrong?
Thankyou
hey guys,
I couldn't get this ea to trade,i'm using FXCM-BT mt4 demo ac,attached to experts,left the settings at defualt on the Eu/usd m5 and after a week no trades?
can somone tell me where I may have gone wrong?
Thankyou
Hi
Many EAs can not be inserted into the chart. Despite pulling out does not work.
What can I do?
thanks
Works fine with BT and 5 digit
This EA works fine with 5 digit broker without any adjustments and I checked on BT as well. Make sure you put it on few different pairs as it doesn't trade that often, but within a week it should fire a trade/pair. If not, then make sure you install 2 indicators that come with the system, put them in indicator folder and check Tools>Options>ExpertAdvisers settings: 1,4,6,8 boxes from the top checked, the rest unchecked. Make sure you are connected to the broker.Originally Posted by r_wilson
Happy learning!
This EA references 2 indicators and you have to copy them into indicators folder, it won't run otherwise. If it doesn't attach to the chart, then perhaps you put either EA or/and indicators in wrong folders. EA goes into experts and indicators go accordingly.
i amusing vt trader. can someone please convert the indicators file so that i can use it on the vt trader.
thanks in advance.
Try VT Forum
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P.S. Visual/manual trading is a different story and a lot different from EA mechanical. First of all it is always personal with particular trader psychology and varies a lot. Not every system that is profitable you can execute consistently in other words, only those that fit your personal profile. So you rather start with figuring your personal style first and then tailor the indicators . That is the only realistic and natural way. Some try to become a computer just to figure that it isn't fun. Actually being a human and using intuition has much more advantages and potential. It does take time to learn and practice though.
Last edited by Metatrader7; 07-23-2009 at 02:19.
Thankyou Metatrader 7, I'll give it a try and run it for a bit longer than the first time I tried it .
Let's determine SL and TS
Vienna, looking at your last statement, how was the loosing trade closed?. By the system or manually?There is no SL indication on your statement.
It took a hit of 285 pips on EURJPY. Did you set a stop?
I believe stop can be set at 150 to 80 points without compromising profitability.
Too bad this can't be reliably back tested as the whole system runs in reverse only God knows how in some scalper mode.
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From my previous testing experience can tell that trailing stop on JPY can be widen to 20-21 pip. Now it is set to 10.
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Let's test it forward with some stop tweaks.
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So far it beats any comercial scalper. Hey dudes save money paying $$ for EAs, it works practically on any currency 24/7. Fapturbo folks may go out of business real soon if that holds.
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Funyoo probably is still scratching his head....wondering how did that came out out of the blue.
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It's Tai - Chi........Let's Zen be with you.
Ha Ha
Last edited by Metatrader7; 07-25-2009 at 05:50.
Fxcm Bt
Works on FXCM 5 digit. Reverse=true.I put it initially only 6 currencies and started Wednesday. I also changed MaxOrders to 1, but that should be kept at 10. Otherwise should be much more trades.
Next week I'll run it with max orders 10, SL=50, MM=true on 13 pairs.
I didn't see draw downs more then 31 pip so I set SL to 50.
Seems working a bit better on Active trades, opens more trades, but FXCM is OK.
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If SL=50 holds, then should be a system with good risk/reward and good % wins, definitely a good choice
Last edited by Metatrader7; 07-25-2009 at 22:14.
SL=90 is more likely
SL=50 didn't hold, there were 2 hits in a row on AUDJPY and CHF.
SL=90 is more likely. At least 80.
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BT didn't pull any trades this week yet. Not a good broker for this system or perhaps this system isn't compatible with BostonTechnogies. Code may need some adaptations for BT. Either that or FXCM is not the best choice.
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