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Thread: Ilan1.4

  1. #211
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    Default

    Quote Originally Posted by BillR View Post
    Having seen "News" Blow out Martingale EA accounts...with play money AND real money....I consider the only solution is to NOT be in the market when the news is released.....Doesn't get any safer than that...
    Yes you are absolutly right, but

    i think a good account balance will survive "1" news hit, but not twice. As seen on 03/18/2009 *.chf rises, because CHF drops dangerous. My demos recovers in one week, but the second news hit on 25/03/2009 (fed news) not really good (over 80% floating)

    the problem is, if you take a look at the economic calendar (like forexfactory), on which news will your account drop?

    what i have seen is, all high impacts where between GMT 13:00 till 21:00 an not before 13:00, so trading the asian session only will be much safer then 24/5 trading - with less profit but more secure

  2. #212
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    Default learn from mistakes..

    Quote Originally Posted by zanx View Post
    hai cybertone..
    if you using 1.42 u can use the time filter to avoid that thing happen..try avoid this ea running on the news time..i dont know what is yours timezone(gmt) ..for me in malaysia the best time to use this ea is
    6am to 6pm. after that i will close all the position . its will optimum yours profit. this ea just like a supercar(ferrari or something like that..you should know how to drive it..best car with useless driver will make the car crash)
    had been told before....

  3. #213

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    IX If the news is "High" I am cautious.... Not all "News" is the same though...I trade EURAUD. EUR "News" doesn't effect it too much....but AUD "News" IS dangerous. I also trade EURJPY and USD "News" will effect this pair because it is a major and inter related. For me it is much easier and safer to be out....because even though I may survive the news spike....it usually takes a few days to recover or get back to even. If I am out of the market and miss the news spike....after the "news" happens I can start trading again and be profitable right away...and not wait for days to recover back to zero. Big balance is good too....

    Check this free news program out...
    Forex Tester Software - Professional Forex Training. Teach yourself forex trading.


    Forex Tester Software - Professional Forex Training. Teach yourself forex trading.

  4. #214
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    Quote Originally Posted by BillR View Post
    IX If the news is "High" I am cautious.... Not all "News" is the same though...I trade EURAUD. EUR "News" doesn't effect it too much....but AUD "News" IS dangerous. I also trade EURJPY and USD "News" will effect this pair because it is a major and inter related. For me it is much easier and safer to be out....because even though I may survive the news spike....it usually takes a few days to recover or get back to even. If I am out of the market and miss the news spike....after the "news" happens I can start trading again and be profitable right away...and not wait for days to recover back to zero. Big balance is good too....

    Check this free news program out...
    Forex Tester Software - Professional Forex Training. Teach yourself forex trading.


    Forex Tester Software - Professional Forex Training. Teach yourself forex trading.
    Bill. I'm with you, out of the market is the safer way.

    I saw "high" stated forecasts, with bad news results and none to low impacts and "low" stated with extremly high impacts. But what will you do with "medium" stated news?

    The one and only what i can say after investigating 2008/09 is, the time is always 13-21:00 GMT.

    Personal, I'll try EA trading from GMT 1:00-11:30, no new orders after 11:30 and with closing all orders at 12:30, regardless of profit or loss

    Thx for your link, i'll take a look inside

    IX

  5. #215

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    IX Yes, the "Medium" really depends on the account balance, if it is big enough I let it trade...Because we trade "Martingale" (you know I trade in both directions at the same time) the up/down helps make money....if you have big enough balance then up/down is a really good money maker...I think "Medium" news is usually up/down spike....were "High" news is up or down and it may stay up or stay down not coming back fast.....If you always only trade GMT 1:00-11:30 on no news release days between 13-21:00 GMT you may be missing out on profit...BillR

  6. #216
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    Quote Originally Posted by BillR View Post
    IX Yes, the "Medium" really depends on the account balance, if it is big enough I let it trade...Because we trade "Martingale" (you know I trade in both directions at the same time) the up/down helps make money....if you have big enough balance then up/down is a really good money maker...I think "Medium" news is usually up/down spike....were "High" news is up or down and it may stay up or stay down not coming back fast.....If you always only trade GMT 1:00-11:30 on no news release days between 13-21:00 GMT you may be missing out on profit...BillR
    Same as I :-)

    Currently i test two new solutions

    1) on low news days, i increase the lotsize (to 0.1)to make bigger profits, on medium news days i decrease the lot size to starting size (0.05). on high news i trade with solution 2 (max loss) and minimum lot size (0.01)
    2) solution, hard coded
    double total=0;
    double i=0;
    total = OrdersTotal(); //now two orders are open
    for(i = total-1;i>=0;i--)
    {
    OrderSelect(i,SELECT_BY_POS,MODE_TRADES);
    if(OrderProfit() < -50)
    OrderClose(OrderTicket(),OrderLots(),Ask,3,White);

    if the order, normally the last order in the martingale sequence reach the -50 in profit, i close this order immediatly, leaving the previous orders open, if the previous goes bad (-50) also close and so on, if previous orders reverses, you get a win - -50 loss of the last order

    IX

  7. #217

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    IX I like your ideas...yes I also get cautiously more aggressive when the market is anemic. I find Aussie and Japan sessions can be sometimes low volume....especially on Sunday when they open. Until trades get rolling when the week starts....I trade an additional pair by hand...It is a great way to keep trading skills sharp....and it's a confidence builder...(Yes I still CAN trade good without EA) I usually trade only one direction at a time by hand though...that way it is much easier to end trading by hand without closing any trades at a loss....I find a few hours is usually worth $250 to $350 BillR

  8. #218
    arul57
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    hi there,

    have anyone try the latest version of Ilanv1.5, how is the result, can some one paste the SS, but at this moment i believe Ea ilan v1.42 (with setting given by zanx) is the best. pls comment on this.

  9. #219
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    Thumbs up Problem live testing

    I've been live testing this EA with positive daily results. The key is to be conservative. I do have a problem which I have been unable to solve. I had a series of positions and a new trade was added to the series but when the script set the new target price for each position the server gave an "off quotes" error for one of the modify order commands which left this trade without a TP. I have tried adding a function which checks that all TP's are the same but no luck. Any ideas? Can I check for errors during the for loop and make it repeat indefinately until the sever accepts the modifyorder?

    Thanks funyoo for all the hard work!
    Last edited by humperdinck; 03-24-2009 at 21:45.

  10. #220

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    Humperdink....I'm not sure I understand what you're trying to do...It may be 2 different issues...
    ModifyOrder error should not have "off quotes" error....check your command and/or syntax.

    About the TP being re-set on all orders at the same value as the new order entered.....The TP is not always reset at the broker so you won't see the SP, SL....or TS actually show up on your Metatrader. The program will evaluate at each tic if multiple orders should be closed....Different Martingale programs will do it and/or display different but I think this is what you're asking for...

    The one thing I don't like about Ilan 1.* is that the distance between the "Order value" and "TP Close All" gets larger as more orders are added.... It would be a much better program if the TP was uniform....(the same for the first open order or the sixth order opened...)
    Last edited by BillR; 03-25-2009 at 02:33.

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