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Thread: Pattern EA

  1. #231
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    There is already a both a dynamic stoploss and takeprofit in the EA. It is noted as a factor x the dbox height. The larger the Gartley pattern, the larger the red box, which is the dynamic part. You can select a seperate factor for either the SL or TP, say 1.1. Then the SL will be 1.1 times the dbox height, similar for the TakeProfit.

    The Dbox height is decent approximation of the "standard" Gartley exit of .618 x the difference betweed C and D points....

  2. #232

    Default order send function probs.

    hi.. i just wanted to say thank you to every one here. great forum. especially funnyoo and big pipn for the coding ideas and motivation. and the willingness to share and create a community.. i like that.. i've been cramming forex into my skull since january. i have to say i think im addicted.. like everyone im looking for that perfect set of indicators and system that will bring the pips!! i want to learn to do it manually as well as having good EAs when i cant get to the internet.. im running fapturbo and megadroid, but am looking for other EAs to add to the selection, this one looks very interesting. both manually and as an EA. i have read every page of this forum and downloaded all the versions and indicators. and many more on this website.. thank you very much! i have read the articles on gartley. wrote a book in 1935 on page 222 is where this pattern comes from if i got it right.. anyway i am getting stuck on the parameters. it seems like there are several ways to calculate stop loss and take profit? is that right? ATR vs PSAR? i am a bit overwhelmed. should default settings work by itself or do i need to do a bunch more research in order to figure out how to properly change all these parameters... why are most of them set to false? i guess the biggest thing is that i can get it to run and print butterflys, but i get order errors.

    2009.05.11 18:30:09 2009.05.07 16:00 Gartley EA v103 cci filter EURUSD,H1: invalid price 1.34304000 for OrderSend function.

    i have tried a few different things but as i am still knew to this i dont really know i'm doing!?? i cant seem to figure out how to make it just do .1 lots but better yet i turn on the MM and play around with 10 percent and end up with a price that goes way too deep.

    finally if anyone has been forward testing this and has a good .set they like, and want to post it, i would appreciate that.. i cant remember now, has it been posted that you can backtest it when you put it on visual?

    ok well thanks again for everything and happy pipin' to every one..
    trevor

  3. #233

    Default Order Send error Addendum

    Actually Funnyoo i get the error with all of the EAs i've downloaded from here. i've tried a couple of SAR ones. SAR ADX and FT SAR. vForce like is half and half or so.. some have 4 decimal points and the order goes through.. the ones with more than 4 get the error. i am using Alpari-US. metatrader 4 build 223. how can i get around that in order to use and test these great EAs you've graciously coded? thanks in advance. Trevor

  4. #234
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    Hi Russ-Trader..You are correct on both posts. I will explain some things about the macdbb that might make things a bit clearer for everybody.

    The diamonds that form represent strength and momentum.
    When the bands are tight then you get diamonds on the other side from where it has been is also a very strong move about to happen.
    You will notice that in a move the dots wont cross the midband..it will just glide it then produce diamonds again. ( you can turn on the mid band line by changing the black colour in the colour tab of the indicator). When you see this glide then diamonds start again thats also good..but beware the move might n last that long.
    Divergence at a pivot is powerfull..

    So now how to read it with gartley..

    When a pattern forms you can do 1 of 3 things here:

    1..trade the 1st colour change of the macdbb dots..(riskier)
    2..trade when the dots cross the midband..(good trade)
    3..trade when the diamonds form in your direction..(later entry but very limited risk.

    All 3 options are fine..but if it was me i would atleast waite for the cross of the midband..that just about says the trend is changing and its safe to enter..once the dots then become diamonds then it seals the deal..

    I have been watching it and you do miss a few trades..(not many) but its very good if u waite for the cross of the midband..If you are trying to pick the top then good luck!!

    The whole idea is to get in when its safe so option 2 is the best. When a gartley fails you will be surprised how often the macdbb kept you out with option 2. Over lots of pairs iam sure you can find lots of good trades that meet option 2 and pass on the ones that dont meet the requirements.

    So when a gartley forms and the macdbb are saying the opposite and you take the gartley trade anyway..then you may as well go to the casino because thats all you are doing. The macdbb is a powerfull indicator and it has lots more to it than i have just explained.

    Also just in my opinion when you get a entry you should place your stop above the candle that gave you the signal to enter the trade..This keeps your stop pretty good and you should exit when the macdbb crosses the midband in the other direction. Iam sure this could be coded in some way. Also if you get your macdbb confirmation and the move has all but done its bit then DONT enter..move on..

    The macdbb isnt perfect but its in my opinion the wholy grail in trading..I have been trading it for over 12months with just a pivot..nothing else. The patterns is shows is amasing and i have seen nothing like it anywhere. You WILL miss some moves but you will get more and more better moves with it..

    Iam going to post something with the Vforce this forum has as i believe its a very good ea but is lacking is cutting losses..The macdbb will fix that up for sure..and since iam not a programmer hopefully somebody over in that post can look into adding it for a exit..

    Anyway enough of me blabbing..

    Happy trading

    50pips

  5. #235

    Default

    @50Pips

    THX for your post! Very helpfull!

    cu Roberto

  6. #236
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    cheers 50pips - Big help to a lot of people (me not least ) I'm sure!

    You more knowledgeable guys can really help out us learners here which is what makes this a special place to be!

    Thanks
    Russ

  7. #237
    Junior Member casper's Avatar
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    Hi 50pips,

    Great post

    Could you elaborate a little more on how you use the macdbb with pivots?
    Do you use it for entry or exit, or both?

    Much appreciate it.
    Thanks.

    Casper

  8. #238
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    no problems guys..

    I do use this macdbb in lots of different ways...but this post is for the developement of the gartley ea. Might think about a new post wholly on the macdbb but for now would love to see gartley with macdbb in a ea as from what i have seen of gartley ea it will rock!!

    50pips

  9. #239
    Administrator funyoo's Avatar
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    Quote Originally Posted by blisteredsky View Post
    Actually Funnyoo i get the error with all of the EAs i've downloaded from here. i've tried a couple of SAR ones. SAR ADX and FT SAR. vForce like is half and half or so.. some have 4 decimal points and the order goes through.. the ones with more than 4 get the error. i am using Alpari-US. metatrader 4 build 223. how can i get around that in order to use and test these great EAs you've graciously coded? thanks in advance. Trevor
    Hi blisteredsky,

    You have to multiply the SL, TP, TS, and BE by 10. Or you can apply this modification : http://www.tradingsystemforex.com/11284-post12.html

    Quote Originally Posted by 50pips View Post
    When a pattern forms you can do 1 of 3 things here:

    1..trade the 1st colour change of the macdbb dots..(riskier)
    2..trade when the dots cross the midband..(good trade)
    3..trade when the diamonds form in your direction..(later entry but very limited risk.
    Quote Originally Posted by 50pips View Post
    Also just in my opinion when you get a entry you should place your stop above the candle that gave you the signal to enter the trade..This keeps your stop pretty good and you should exit when the macdbb crosses the midband in the other direction. Iam sure this could be coded in some way. Also if you get your macdbb confirmation and the move has all but done its bit then DONT enter..move on..
    Hi 50pips and welcome,

    Thanks for sharing these precious informations!

    I will add these rules in the next version.

  10. #240
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    Bullish Gartley alert on Eur/Gbp-- 15m and higher. We have wonderful macd bb confirmation on M15.
    Think of adversity as that tiny piece of sand that gets trapped in the oyster's shell. Although it's a pain in the oyster's arse, he eventually makes a pearl out of it.

    http://hft.serialcoder.com/ -- Quantitative Market Reversal Levels --- The only indicator you'll ever need.

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