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Thread: OverFlow Trader

  1. #21
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    Germany
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    Dear funyoo,

    I use the EA at a live account ( InstaFX ) and I use your set: oppositeclose=true. Nevertheless the EA opens buy and sell order at the same time with EUR/JPY. Currently one buy order and one sell order.

    Regards
    j_l

  2. #22

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    Dear Funyoo,

    Today, I noticed that Overlow Trader EA has following issues:

    1. Overflow Trader EA sells Gbpjpy, and when price continued to go up much more, it buy Gbpjpy while still keeping open sell trades of Gbpjpy. So, does it have Hedging strategy in this EA? Why did this issue happen? I use pre-set file on first page.

    2. On FXCM UK platform, Overflow Trader EA sold Eurjpy, but it bought Eurjpy on Interbankfx. So, why this EA place sell orders on one broker, and buy orders on another broker like this? Any coding issue needs to be revised and improved so that this EA will place same order direction on different brokers?

    3. Attached are 3 files that are proofs of above 2 issues for your reference and viewing.

    Waiting for your explanations soon.

    Thanks and regards,
    James Phuc

  3. #23
    Member
    Join Date
    Nov 2008
    Location
    Midwest USA
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    124

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    Funyoo, your myfxbook hasn't updated since the 9th, be nice to see how it did on those big moves. thanks

  4. #24

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    Dear Funyoo

    I used Overflow as hedging 3 currency , maxtrades only 1. and fourth chart is only for profit closed. It is running good.

    The problem is after profit taken , Overflow take sometime to open new order. Can you make the Overflow EA running after profit closed to open new order.

  5. #25

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    Dear Funyoo.
    All My 3 account out of control because of this issue.I check with the 3 broker they cant help. Do you have idea to settle on this issue.

    "Asian market look good with the EA. no issue"
    I monitor the EA will not follow up to close order after opposite close - true ?
    1st trade was busy. After can't close. it still not continue to close it.
    --error come out...
    2010.09.16 17:00:07 TradeDispatcher: trade context is busy
    2010.09.16 16:30:05 TradeDispatcher: trade context is busy
    2010.09.16 17:00:06 '37131': order #36870113 buy 0.04 EURJPYm closing at 0.000 failed [Trade context is busy]
    2010.09.16 17:30:09 '192792': order #7570542 sell 0.20 EURJPY. closing at 111.97 failed [Trade context is busy]

    HOPEFULLY you can help us on this issue.

  6. #26

    Default

    Dear Funyoo,

    I noticed this EA, and found that:

    1. Overflow Trader EA did not close the profitable trades after reversal signal although "OppositeClose = true". Also, as per my previous post, Overflow Trader EA did place both Buy and Sell on Gbpjpy even though OppositClose = True. I suppose that the EA should close the current open orders before it opens the trades on opposite direction when it finds the reversal signals, right ?

    2. I tried to set "Breakeven = 50", but when the trade made profit of more than 100 pips, the Stop loss was still same, and did not trail to Breakeven point / Entry price". So, I think you should check again on the "Breakeven point".
    By the way, what is the function of "Breakeven Gain" ? Please give me an example of a Trade with the usage of "Breakeven Gain" so that I will try this function to see if it works or not.

    3. On the maxtrade = 100, does it mean that Overflow Trader EA can place totally 100 trades on one pair ? How to use this function properly ? Please advise. Thanks a lot.

    4. What are the differences of "Stop Loss, Trailing Stop" and "the Stop, Trailing" under Onetimecalculation ? I am sorry to ask you these simple questions, but I want to understand them so that I can use them correctly. Thanks a lot.

    I find that this Overflow Trader EA does have great potential if some improvements above can be fixed.

    Thanks a lot
    James Phuc

  7. #27
    Administrator funyoo's Avatar
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    Quote Originally Posted by james_phuc28 View Post
    Dear Funyoo,

    Thanks for your information.

    I have final questions: Under Entry Logics, I noticed Period = 40 and Shift = 1.

    + What is Period = 40, and Shift = 1?

    Do I have to change these 2 things if using this EA on different brokers? Or just keep them same for all brokers (ECN and Non-ECN Brokers)?

    And if I understand right, this EA is compatible to both 4-digit and 5-digit brokers automatically, right ?

    Waiting for your further information soon.

    Thanks a lot
    James Phuc
    Hi james_phuc28,

    Period = number of bar to study.
    Shift = wanted bar to get the "overflow" value. 0=current, 1=previous.

    You don't need to change these settings depending on the brokers you are using. Although, you can still do your own optimization.

    Yes the EA works with 4 and 5 digits brokers.

    Quote Originally Posted by hunter6 View Post
    what are your top three pairs on this funyoo? the EA, when running 10 charts, keeps shutting down my meta, so maybe I'll cut back to 3 EAs?

    and man, when I booted back up, they all closed holdings, maybe were big losses, my biggest loss since I played the Donchian game, hahah. thanks for the help.
    Hi hunter6,

    According to pips results :

    - GBPJPY,
    - EURJPY,
    - EURGBP.

    According to risk/ratio :

    - EURJPY,
    - EURUSD,
    - GBPUSD.

    Quote Originally Posted by j_l View Post
    Dear funyoo,

    I use the EA at a live account ( InstaFX ) and I use your set: oppositeclose=true. Nevertheless the EA opens buy and sell order at the same time with EUR/JPY. Currently one buy order and one sell order.

    Regards
    j_l
    Quote Originally Posted by james_phuc28 View Post
    Dear Funyoo,

    Today, I noticed that Overlow Trader EA has following issues:

    1. Overflow Trader EA sells Gbpjpy, and when price continued to go up much more, it buy Gbpjpy while still keeping open sell trades of Gbpjpy. So, does it have Hedging strategy in this EA? Why did this issue happen? I use pre-set file on first page.

    2. On FXCM UK platform, Overflow Trader EA sold Eurjpy, but it bought Eurjpy on Interbankfx. So, why this EA place sell orders on one broker, and buy orders on another broker like this? Any coding issue needs to be revised and improved so that this EA will place same order direction on different brokers?

    3. Attached are 3 files that are proofs of above 2 issues for your reference and viewing.

    Waiting for your explanations soon.

    Thanks and regards,
    James Phuc
    Hi j_l and james_phuc28,

    1. It can happen when there are busy trade contexts or slippage. Under these conditions the EA is not able to close or open some orders. I should probably add a check function.

    2. Different tick data = different signals.

    Quote Originally Posted by 626mx View Post
    Funyoo, your myfxbook hasn't updated since the 9th, be nice to see how it did on those big moves. thanks
    Hi 626mx,

    I have just restarted my platform.

    OverFlow Trader 12 pairs H4 lots 0,1 System | Myfxbook

    Quote Originally Posted by zalinarashid View Post
    Dear Funyoo

    I used Overflow as hedging 3 currency , maxtrades only 1. and fourth chart is only for profit closed. It is running good.

    The problem is after profit taken , Overflow take sometime to open new order. Can you make the Overflow EA running after profit closed to open new order.
    Hi zalinarashid,

    It is due to tradesperbar set to 1. The EA only enters one order per bar. If wanted, you can set maxtrades to 1 and tradesperbar to 100.

    Quote Originally Posted by zalinarashid View Post
    Dear Funyoo.
    All My 3 account out of control because of this issue.I check with the 3 broker they cant help. Do you have idea to settle on this issue.

    "Asian market look good with the EA. no issue"
    I monitor the EA will not follow up to close order after opposite close - true ?
    1st trade was busy. After can't close. it still not continue to close it.
    --error come out...
    2010.09.16 17:00:07 TradeDispatcher: trade context is busy
    2010.09.16 16:30:05 TradeDispatcher: trade context is busy
    2010.09.16 17:00:06 '37131': order #36870113 buy 0.04 EURJPYm closing at 0.000 failed [Trade context is busy]
    2010.09.16 17:30:09 '192792': order #7570542 sell 0.20 EURJPY. closing at 111.97 failed [Trade context is busy]

    HOPEFULLY you can help us on this issue.
    This issue can be generated by the market or the platform itself. You can restart mt4 in the second case.

    Quote Originally Posted by james_phuc28 View Post
    Dear Funyoo,

    I noticed this EA, and found that:

    1. Overflow Trader EA did not close the profitable trades after reversal signal although "OppositeClose = true". Also, as per my previous post, Overflow Trader EA did place both Buy and Sell on Gbpjpy even though OppositClose = True. I suppose that the EA should close the current open orders before it opens the trades on opposite direction when it finds the reversal signals, right ?

    2. I tried to set "Breakeven = 50", but when the trade made profit of more than 100 pips, the Stop loss was still same, and did not trail to Breakeven point / Entry price". So, I think you should check again on the "Breakeven point".
    By the way, what is the function of "Breakeven Gain" ? Please give me an example of a Trade with the usage of "Breakeven Gain" so that I will try this function to see if it works or not.

    3. On the maxtrade = 100, does it mean that Overflow Trader EA can place totally 100 trades on one pair ? How to use this function properly ? Please advise. Thanks a lot.

    4. What are the differences of "Stop Loss, Trailing Stop" and "the Stop, Trailing" under Onetimecalculation ? I am sorry to ask you these simple questions, but I want to understand them so that I can use them correctly. Thanks a lot.

    I find that this Overflow Trader EA does have great potential if some improvements above can be fixed.

    Thanks a lot
    James Phuc
    Hi james_phuc28,

    1. See above.

    2. You have to set breakevengain to 50.

    3. That's correct. Maxtrades=100 means 100 trades maximum for this symbol and this magic number.

    4. These parameters can be used in the strategy tester to make the optimization faster (open price mode). Stop = stoploss and takeprofit, trailing = trailingstart and trailingstop.

  8. #28

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    Dear Funyoo

    For platform always busy.
    Is it restart only the platform. do you facing the same platform with your fxbook?

  9. #29

    Default

    Dear Funyoo

    1- After restart platform
    because I run a few currency with same EA. 2 currency repeated open 2 x order although it was set maxtrades only 1 ?

    2. 2 EA is not open the order , It maybe because of the overflow at the same level. Can it happen?
    Last edited by zalinarashid; 09-16-2010 at 17:19.

  10. #30

    Default

    Dear Funyoo,

    Thanks for your reply and explanations above.

    I would like to ask you as follows:

    1. According to pips results :

    - GBPJPY,
    - EURJPY,
    - EURGBP.

    + I agree with you that these 3 pairs have highest winning % and also winning pips.

    According to risk/ratio :

    - EURJPY,
    - EURUSD,
    - GBPUSD.

    + Eurjpy is the best pair from your forward-testing results.

    I noticed that Eurusd and Gbpusd has lower winning % and lower winning pips than Gbpjpy and Eurgbp.

    So, what do you mean by "Risk/Ratio" here on Eurusd and Gbpusd ?

    I don't quite understand about this. Please explain more clearly. Thanks a lot.

    2. Different tick data = different signals: How can we know which brokers that this Overflow Trader EA can trade with the most profits and lowest drawdown (I mean how to choose the best suitable broker for this EA?)? Please teach me some tricks/tips to find out about this important issue. Thanks a lot.

    I noticed that from yesterday until now, on FXCM UK, Overflow Trader EA made profit on buying Gbpjpy (closed profit trades = 5, and 1 very small loss), and still have rather huge floating loss on selling Eurjpy (8 floating losses as of now).

    But on Interbankfx, Overflow Trader EA made all winners on buying Eurjpy and eurgbp, but still have floating loss on selling Gbpjpy.

    So, with different tick data, but this EA made winning trades on 1 pair, and made losing trades (still opening, and don't know if it can close these floating losses into winners at the end or not) on another pair.

    It's really difficult to make decision which pairs should be traded on which brokers?

    3. Under these conditions the EA is not able to close or open some orders. I should probably add a check function: Yes, please kindly ADD THIS CHECK FUNCTION in the next version of Overflow Trader EA, and post it once you finish. Thanks a lot for your hard work. Highly appreciate it.

    Best regards,
    James Phuc

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