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Thread: Four Hour Buzz

  1. #31

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    Quote Originally Posted by Chip4Pips View Post
    Was watching this one trade during today's session at GO Markets, and it entered nicely on the downside breakout in the EURUSD; however, using "breakevengain" = 5 and "breakeven" = 5 presets from blackdog on the D1 chart, the EA v1.01 should have moved the S/L to breakeven and it did not, resulting in a -5 pips S/L on the retracement. I did not see any notation in the log file that said the EA tried to move the S/L and couldn't. Is this feature properly enabled? Has anyone else noticed this?
    If you want the SL to move to B/E when we are in profit with 5 pips i belive you need "breakevengain" = 5 and "breakeven" = 0

    Regards / JoLi

  2. #32

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    That would do it. Thanks JoLi.
    Last edited by Chip4Pips; 04-24-2010 at 16:20.

  3. #33
    Administrator funyoo's Avatar
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    Quote Originally Posted by jolimoney View Post
    I tryed to use the optimization on this EA but it doesn't work. Is that function disabled or am i doing anything wrong?

    I chacked the "Profit maximum" at the Optimization tab. Then i checked the "Take Profit" Set @ 50 - Start=50 Step=5 Stop=200.
    Then i clicked ok and checked the Optimization box under the Period slide.

    And last: Start.

    But nothing happens :-(

    regards / joLi
    Hi jolimoney,

    This issue comes from your platform, you have probably to install it again.

    Quote Originally Posted by jolimoney View Post
    One more thing that doesn't work is the "reversesignals". If set to true it stil puts buy orders on the previous high and sell orders on the previous low. Isn't the "reversesignals" option there to swtich them around meaning that on the high put a sell and on the low put a buy?

    Regards / JoLi
    You just need to put stoporders=false and limitorders=true.

    Quote Originally Posted by jolimoney View Post
    Funyoo:

    Could you add your martingale function to this EA?

    Regards / JoLi
    Martingale option added.

    Quote Originally Posted by jolimoney View Post
    Hi have a strange problem...

    Yesterday (2th of April) i was testing the EA between 2008-09-09 to 2009-07-15 (Daily Time Frame). I was quite pleased with the result since it gave around 100% in profit.
    Today (3rd of April) i was just going to verify that i was happy with my result. So i started a backtest of the same period with the exact same .set file. But my result was nothing like yesterday.

    You can all see the attached picture.

    There are some errors occuring in the Journal tab. such as:

    OrderModify error 130
    OrderSend error 130


    Why is this?

    I have attached the .set file as well and if someone would be kind to test it as well i would appriciate it.

    Regards / JoLi
    Hi jolimoney,

    As blackdog said, it can be due to the spreads especially if you were using a very small tp. For the error 130, you need a value at least equal to stoplevel.

    Quote Originally Posted by Chip4Pips View Post
    Funyoo -

    Testing blackdog's daily method and one item jumped out at me due to one of my brokers: Is there a way to add a variable that ignores short Sunday sessions for the purposes of calculating the breakout?

    Best,
    c4p
    Hi Chip4Pips,

    Ignoresunday option added.
    Attached Files Attached Files

  4. #34

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    Quote Originally Posted by funyoo View Post
    Hi jolimoney,

    This issue comes from your platform, you have probably to install it again.



    You just need to put stoporders=false and limitorders=true.



    Martingale option added.



    Hi jolimoney,

    As blackdog said, it can be due to the spreads especially if you were using a very small tp. For the error 130, you need a value at least equal to stoplevel.



    Hi Chip4Pips,

    Ignoresunday option added.

    Thank You. I'll be back with a set file if i get a good backtest results.
    Last edited by jolimoney; 05-10-2010 at 10:54.
    Regards / JoLi

  5. #35

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    I am enjoying this EA in a live account, running Day chart for EURUSD. The EA has had great run since I turned it loose two weeks ago. Only issue, well I guess I know it is only a matter of time, I'll reach my 'gap' goal of 1 (set low) and my very low TP of 4. hard to believe but based on backtest, it is bound to happen. I'll come back and build on this post later with some pics or something, but a couple of ideas.

    -- why no basket profit/ loss option? This would allow even small er TP, question is should the TP only work for like direction trades? or no. You'd want an option to see, I think if you batched all the trades together you'd work against yourself.
    -- should the EA be combined with a simple MACD filter? that is, don't enter a buy in an over bought market? don’t' sell if over sold? start with .0014 and -.0011 as the filter? This might help it avoid that once a year trade where it enters and does not get 4 pips.
    -- the close on opposite does not seem to work, this option might allow one to exit in a prompt manner once the direction had changed.
    -- ***** and finally the wild card --- a crazy idea, not sure if Funyoo or anyone has ever used this strategy (if you call it that). You’ll need the ‘one directional basket profit’ option to make this work. This EA should be out of a short TP in less than 4 minutes, if it is not – why not place another trade in the same direction, if basket profit not met in 8 minutes, place another trade, same direction, and so on…. Sounds crazy, but the follow on trades help in initial trade come out profitable if it does not hit early. And if you are out to take 4 pips, or basket of 1, this is possible.

  6. #36

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    -- should the EA be combined with a simple MACD filter?
    Personally i need to ask why to destroy a good method with one, two, three, four and so on filter? There are really so extrem many traders out there that search for some magic way to filter out bad trades.
    The problem is that a filter can with ease also filter out good trades.
    Remeber that this system is a breakout system and as such lagging indicators as little to offer.
    Regards / JoLi

  7. #37

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    agree, it is an awesome EA, no doubt. Just trying to filter out the one trade during 2008 that did not hit.

    Regardless of filter or not filter, or add on trades to bail out in profit if it goes the other way,

    this would work great with a basket profit.

    thanks. another great one Funyoo!!

  8. #38

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    Quote Originally Posted by hunter6 View Post
    agree, it is an awesome EA, no doubt. Just trying to filter out the one trade during 2008 that did not hit.

    Regardless of filter or not filter, or add on trades to bail out in profit if it goes the other way,

    this would work great with a basket profit.

    thanks. another great one Funyoo!!
    Just a tip along the way. Something that i do that seems to work:

    Take a good look at the currency (i guess it is EU you look at). What do you see on 2007 that you don't see at 2008 and 2009? Higher ranges and larger volume.
    Attach to the chart the ATR and the the Volume (default indicators in the MT4). Now you will see it more clearly.

    So what worked at 2007 during low ranges and low volume will most defently not work during 2008-2009 high ranges and high volume since this is a breakout system. 2009-today we have low ranges but high volume. Of course that also makes the system preforme different.
    Try to optimze it based on the different ranges and volumes and you will see that you won't need any filtering indicators.

    Give it a try.

    High Range High Volume = Small Stop and high TP safe it up with medium trailing stopp.

    I hope you will get some good results now :-)
    Regards / JoLi

  9. #39

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    Funyoo, when an order is hit the EA stops adding orders untill the open order hits TP or SL, would it be possible to add an option to continue adding orders regardless of open orders, then we just manage the amount of open orders via the max trades option.
    thanks.

  10. #40

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    Quote Originally Posted by blackdog View Post
    Funyoo, when an order is hit the EA stops adding orders untill the open order hits TP or SL, would it be possible to add an option to continue adding orders regardless of open orders, then we just manage the amount of open orders via the max trades option.
    thanks.
    It allready exist.

    Set "closeonnewbar" to "true"
    Regards / JoLi

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