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Thread: EURGBP 30M Rule Based

  1. #31
    Junior Member
    Join Date
    Dec 2008
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    4

    Default

    Hi Funyoo,
    What I mean is that I'm programmer and I had a look into the code, as there is not much info concerning this EA.
    Contained in the code is this condition mentioned (it's not a variable condition but hardcoded). It means that this EA would only work for year 2008, as the price 0.79235, mentioned is an "average" price during year 2008. It looks like who programmed this EA has done the program based on past values during a particular period of time and it will not work in other periods of time.
    The rest of conditions concern simple MACD and ATR. The results are not to be reproduced in the future even in EURGBP.
    This is my opinion about this EA.

  2. #32

    Default Future Concerns

    Hi Josep,

    You're right about future concerns for the basic decision the EA uses for BUY and SELL with respect to the value derived from the average for the Year 2008.

    But are there not possibilities of speculating values for year 2009 to solve this problem?

  3. #33
    Junior Member
    Join Date
    Dec 2008
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    4

    Default

    Hi Onyebuchim,
    The dificulty of earning money in forex lies exactly in knowing what the future will be.
    Anybody being able to knowing the average value for the next year would easily become millionaire. As you say, "speculating" is not the same than "knowing".
    What we all do is speculating, but the future doesn't normally fit to our speculation.
    I don't know wether somebody can do that... if so, please tell us how !!!
    Honestly, I'm not able to say what this average would be or how to calculate it "a priori".

  4. #34

    Default Speculations

    Hi Josep,

    Ultimately what you mean going by the codes of this EA is that its performance would or might be bleak by the year 2009" Am i correct?

    Yes you're right about speculating prices, pattern and economic policies which might not come out as expected.

    But i dont think this EA was developed with this philosophy bcos from the backtest, it picks up performances usually from the sixth month from backtests.

    We can predict a value from past history patterns and behaviour of the currency pair by looking at the past 5 years average and give it a try

    Or; speculate from the policies arising from the EU Countries concerning the economic bailout which i think would be a very tedious task to predict the future currency/economic strength of both pairs.

    Honestly i dont have the best of idea cos we're dealing with AI in codes which is mosttimes deficient for this kind of situation.

  5. #35
    Junior Member
    Join Date
    Jan 2009
    Posts
    8

    Default

    I find this EA very intriguing
    The only thing I'm wondering about is how it is changing the lot sizes from .32 to 1.92
    Now even with MM that is a pretty significant change.
    It goes from .32 up to 1.92 and then back down to .32
    Sorry, I'm just a little confused by it. Unless it was not using MM.

  6. #36
    Junior Member
    Join Date
    Mar 2009
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    5

    Default

    Im getting invalid lot amounts in the journal when testing.......also order send error 4051 ?

  7. #37
    Junior Member
    Join Date
    Mar 2009
    Posts
    5

    Default EURGBP 30 Min Rule base with MM

    Im getting invalid lot amounts in the journal when testing.......also order send error 4051 ?

  8. #38
    Junior Member
    Join Date
    Jan 2009
    Posts
    10

    Default

    It says I can post attachments, but I cannot figure out how. So let me just say that there is an EA that is either the forerunner or the follower of this one it is EURJPYClahn04&DvarrinEA_mod1.mq4 located here.

    It does not use fixed thresholds, so it may hold some answers to the problems with the EA of this thread.

  9. #39
    Junior Member
    Join Date
    Nov 2009
    Posts
    8

    Default thx funyoo

    Quote Originally Posted by funyoo View Post
    Here is a decompiled version.
    HI funyoo
    great work
    i'm big fan of this site

    with this ea i've got problem when i change martingale = true i have only 2 transaction and than error 131
    What can i do with it???

  10. #40
    Junior Member
    Join Date
    Aug 2010
    Posts
    8

    Default

    This EA Open only sell

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