I think that 5 digits is tha cause of no trades
I think that this ea is not trading in some brokers because of 5 digits. I have been testing on IBFX but when the demos of IBFX changed to 5 digits it almost does not make any trades and all of them are negative.
Is it possible to make it 5 digit compatible?
Settings Explanation
Hello everyone. This is my first post here. I must say this BSL Breakout EA certainly seems to have some potential. Thanks heaps for generously sharing your hard work Funyoo.
I have read this thread from wo to go twice now & I am still a bit confused as to what some of the settings in the EA do. In particular the following...
:Close Mode
:Expiration
:set Minutes
:Margin Range
I am wondering if Funyoo or anybody else could clarify what these settings do please. I think I have the others sussed out, but if you went through each setting from top to bottom it would be even better.
Cheers, Pye.
GBPUSD Settings
I have spent most of the day optimising trying to find some good settings for the GU. It's a different beast to the EURUSD and although I was able to find various sets of profitable settings - none were as good as the performance on the EURUSD. Drawdown was a bit higher than I would like also. It would be difficult to stick with a system of this nature with a win ratio on average of only about 28%. If the losses were evenly spaced it would be o.k., but of course there are periods there are 18 - 19 losses in a row.
The wins also seem to come in streaks. I wonder if there would be any advantage in using less leverage until a win is had and then increase leverage for the next two trades, as I think the probability of having another winning day after you have one is increased.
I have attached my back-testing results if you are interested to take a look. I did periods Jan08-Apr09 & Jan05-Apr09. If I had to choose the best all round settings for the GU I would go with the following.
Range HRS 2 - 5gmt, MinRange 50, MaxRange180, MarginRange 12, High/Low S.L., T.P. 500, Trail 250, Max Orders 6, Reverse True.
It would be interesting to see if making variables such as Trail, S.L., T.P., Min Range, Max Range, Margin Range a factor of the daily ATR would improve consistency and overall performance.
can you share set for gu? thxOriginally Posted by PyeR2
multibreakout ea
leon11
Junior Member
Join Date: Jan 2009
Posts: 6
Default MultiBreakOut
hi i found an ea with potential i hope i post it here in the right thread
its a multibreout ea please test on demo account and show results and settings pls
i am trying to publish foreward testing on the web if i succeed i will post the link and settings here
p.s. funyoo can you look at the code pls it doesnt seem to trade mini an micro lots
enjoy
Leon
Attached Files
File Type: mq4 MultiBreakOut_v0[1].1.3a.mq4 (9.0 KB, 50 views)
http://www.tradingsystemforex.com/ex...ibreakout.html
Hi funyoo,
I tried this EA "multibreakout" on my demo account.
First 3 hours, I got profit over USD 900.00 easily from 4 trades and without loss. I like the function of closing the trade.
I felt happy that I found out the best EA.
But after 1 hour, most trades got loss.
What did I find out is that if the price breakouts the support/resistance, I got profit. if the price doesn't breakout the support/resistance and reverse, I got loss.
1.Can you modify this EA to place the trade after breakout S/R?
2.Can you make this EA to place the trade manually to attach to the chart?
When I see the direction , I will attach this EA manually to the chart and to place the trade, The rest functions are the same as original EA.
Thanks for your posting and reply,
Best regards,
Last edited by WWMMACAU; 07-05-2009 at 10:30.
Hi All. Thanks for the great work.
I have some problem getting this EA to work live on FXDD. I get the Smiley face but trades just don't happen. It does OK backtesting, though....
I've been using similar EA called GaoXing live with no execution issue.
Any idea what gives? Could it be because of trading micro?
Nice indi, but it needs a fix, S'il vous plait
Thanks for indi,
it needs a fix. If for example periodBegin is set to 23 and puriodEnd time to 2, it tries to reference same 24h trading session and creates an error. So it should be coded to reference previous session when periodBegin>periodEnd.
Also when periodEnd>BoxEnd it should reference next session.
Now it is limited to only same 24h session.
Merci beaucoup
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Hope EA doesn't have that glitch.
Best pair for break outs is GBP/USD and not Euro, essp now.
Last edited by Metatrader7; 07-26-2009 at 05:57. Reason: per favore
Hi Metatrader
I'm not the coder of this indicator but I don't understand why you want to begin before 0:00 GMT and finish after 0:00.
It's not reliable for this system because the 3 or 4 best hours are before London open.
Regards.
A.For testing purposes and I also have broker with western time. Markets have all kinds of slow downs and stagnation periods. So you can potentially apply them to different periods. Attached is a GMT14 stradle back test.
got stradle EA and testing a variety of eagle based EAs. So optimization showed best break out setups for the last 3month on GBP ending 19 GMT and on Yen 14 GMT. So these are rather after London, not before. Market is constantly evolving, so why to assume if someone with strongest posting skill or .pdf writing in the forum tells you something it is going to be that way forever and ever? Weather doesn't ask forecasters when to rain, so is the market.
my take is to use these EAs as market scanners for best break out setups and the indi to mark it on screen.
******
By the way Funyoo's Eagle EA can't optimize time periods, that option is blanked out. I should also ask Why?
****
Also found that Stradle EA with fixed 32pip stradle makes more profit then Eagle (with objective rules), but you have to optimize it for time. I am talking from a $$$ making perspective not from the manual trade perspective. Many systems and indicators were created only because they were popular at some time and later abounded by the crowd after they burned enough and gambled enough. Then they move to the next "tulipmania".
**************
EA creation and EA trading is objective. Indicators and visual trading can be both. Sometimes all indicator does is helping mind to focus and believe and that makes money, but that make them personal , so each visual is different, because they can't be objectively explained and measured, only by end result.
******************
But this is an EA site and I think it should strive for left brain objectivity as much as possible. Stradle is a simple system to test and back tests should be very realistic
Last edited by Metatrader7; 07-30-2009 at 03:55.
Problems with FXDD....
Looks like maybe there're problems with FXDD for this EA.
Has anyone successfully live traded this with FXDD? I've tried it live for a week and found that it only generates sell stops. Maybe the prices were too close to the top of the period's range so buy stops were not generated?
Funyoo... any comments on this?
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