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Thread: OpenTiks Expert Advisor

  1. #71
    Administrator funyoo's Avatar
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    Quote Originally Posted by ctnie2143 View Post
    Funyoo,

    I'm looking for the trading rules for this system, do you have it documented ?.

    Thanks
    Hi ctnie2143 and welcome,

    If we have 4 consecutive higher highs and higher opens, then we buy.

    If we have 4 consecutive lower highs and lower opens, then we sell.

  2. #72
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    Quote Originally Posted by ctnie2143 View Post
    I'm looking for the trading rules for this system
    Thanks
    quote from the page on mql where this EA was published:
    The long position is opened if the open price of last 4 bars and their maximum value increase simulateneously. The selling is perfomed at the opposite conditions.

    That's all! plus trailling stop

    funyoo, I guess it could be useful to add filter into this ea which will restrict trading against trend on higher timeframe (trend defined by crossing EMAs, for example) .Also, I suppose OpenTicks will show better perfomance if trading during highvolume hours only.
    Last edited by avento; 02-14-2009 at 19:27.

  3. #73
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    I was wondering why the panic about lack of hard S/L----wont the 30 T/S protect us?
    Also I was thinking that the size of the T/S---30 may indicate that a 15 min chart may be best. The euro 14 period ATR runs at approx 15 pips and a lot of traders use a 2xATR for their stops. Unfortunately the ratcheting effect of T/S's is not taken into account.

  4. #74
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    funyoo,

    What is used for take profit exit? Has anyone improved the original EA?

    regards,

    comdoc

  5. #75
    Administrator funyoo's Avatar
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    Quote Originally Posted by comdoc View Post
    funyoo,

    What is used for take profit exit? Has anyone improved the original EA?

    regards,

    comdoc
    Hi comdoc,

    There is only a trailing stop, no take profit.

  6. #76
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    Quote Originally Posted by jhs View Post
    I was wondering why the panic about lack of hard S/L----wont the 30 T/S protect us?
    Also I was thinking that the size of the T/S---30 may indicate that a 15 min chart may be best. The euro 14 period ATR runs at approx 15 pips and a lot of traders use a 2xATR for their stops. Unfortunately the ratcheting effect of T/S's is not taken into account.
    OK I got told! The T/S doesnt kick in until we get 30 pips in front. I figured it was like a normal T/S that would have been placed with the order This is a very scary ea without a stop.

  7. #77

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    Here is the statement with this EA

    Regards
    Attached Files Attached Files

  8. #78
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    One problem,
    In an Alpari demo account works fine, but in a real Interbank not create any operation, what can happen?

    Thanks

  9. #79
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    Quote Originally Posted by funyoo View Post
    Hi axadnan and welcome,



    Yes.



    The default settings are for trending markets.



    Here it is.
    Hi funyoo,
    If this EA is primarily made for trending markets, how does it work in non trending markets or trend reversals? Can it potentially wipe off a live account? Is there any guard against those situations?

    Thanks

    - Sukhen

  10. #80

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    Quote Originally Posted by scarlus View Post
    One problem,
    In an Alpari demo account works fine, but in a real Interbank not create any operation, what can happen?

    Thanks
    This version, modified for me, works fine in InterbankFX.
    Attached Files Attached Files

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