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Thread: 2000pips daily EA

  1. #61

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    hi Xmph

    ill gladly answer your questions or any other question u might have in the future

    In my opinion the main criteria for deep trend is the pip gap between your first order and the current price . Depending on the pair involved once this gap gets 400-500 points (step 6 ) then we (or the ea) must take some decisions depending

    mainly on the FREE MARGIN value.

    If this value is high enough to allow you comfortly open stage 7 if needed ,then we can proceed normally but we should disabale the counter trade untill all positions are closed . For exampale if we are in 6th step with BUY trades on eur/usd ,meaning u have o.1(which is the base lot therefor not calculated in the step count) and then 0.2 0.4 0.8 1.6 3.2 and 6.4 lot trades and u have enough free margin to comfortly open the 7th step of 12.8 then we can go on BUT we should close the o.1 SELL trade(the counter trade) of the eur/usd cause if we leave it open and price reverses we dont want to accumilate sell orders. Once buy trades are closed then we resume normal trade of buy and sell starting again with 0.1 base lot

    The other option is that we decide that we dont have enough free margin to (cause of current margin situation or because of more trades that will consume margin soon ) proceed with the trade . In this situation we have three ways of solving the margin issue.

    First, we can pump more $$$ to the account, increasing free margin and continue trading in the way explained above.

    Second, we can change the base lot of the counter trade from 0.1 to any value we wish in order to hedge the pair heavy and by that increasing our free margin .

    Third option is to close the trade, take the loss and wait untill pair gets stabale before starting over with buy and sell orders with the base lot of 0.1

    The most profitabale situation for this ea is when the gap between the base sell price and the last level of buy price is between 200-250 pips and vice versa .When price mooves up and down in this range the ea works like magic.

    Now considering that fact i get back to your question of "Can you please elaborate on the purpose and application of controlling the lot sizes" . Once this gap of 200-250 points is reached and we see that price keeps mooving one way instead of reversing we can then change the base lot of the trade which goes WITH the trend aloowing it to accumilate nice profit while the trend is going on . Once trend is over and reverse starts we close the trade that went with the trend . once the other trades are closed too ,we can start over fresh with 0.1. If the ea will have such an option then we can do it manually or even the ea can do it itself once it recognize a trade with a gap more then 200-250 pips(depending on the pair involved)

    For example we have 0.1 0.2 0.4 0.8 and 1.6 on eur/usd SELL, that means that price went 220 points already against us ,now, on the other side we have a 0.1 (base lot ) of eur/usd BUY order .lets assume that price mooved another 30 points up so now the gap is 250 points. At this point the ea ,or we, should be abale to change the 0.1 base lot of the buy trade to any value we wish ( for examplae to a % of the total open sell lots). lets say we fix it as 33% so now the base lot for the BUY trade will be 33% of 3.1 lots (0.1+0.2+0.4+0.8+1.6=3.1 total sell lots) if price mooves even further we can change this % to a higher value. once the trend is over we close all buy trades, set base lot for buy trades to 0.0 and wait for the sell trades to close. Once they are closed we start over with buy and sell base lot of 0.1.

    By doing all this we can avoid the situation described in the begining of the post when gap is 400-500 points and our counter trade base lot is still 0.1 causing us to start taking hard decisions.

    All the exampales and relate to low and medium volatile pairs .For high and extra high volatile pairs u nedd to add up to 40% to all the pip gap figures mentioned above.

    I trade at forex4you.com cent account for 8 months now .fast deposit and withdraw with no isuues at all

    Regarding the Macd- you understood correctly i do not use it . ea openes buy and sell orders at the same time. I am a strong beliver of "whats goes up must come down and vice versa at one point or another"

    As i mentioned before i am trading now with the original version .None of the 19 pairs went above level 6 yet . ea makes 5-6 percent avarage every day and i withdraw profit on a daily base.

    regarding funyoo 1.2 version try to run it on forex4you.com demo or live account with differnt base lots for sell and buy orders as well as different multiplayers for each step .Try it with once with mm true and once on false . I tried it like 200000 times and it didnt work. All went well till stage 3 with mm on and stage 4 with mm off and after that all went wrong. I hope u will be abale to figure it out cause i gave up.

    I hope that all this will be helpfuul to you. If u need to ask anything more pls do so. I am sorry for all the spelling and grammer mistakes . English is not my main language.

    regards

  2. #62
    Junior Member
    Join Date
    Jan 2010
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    26

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    Hello lina38,
    Thanks for the prompt answer.
    One more question and I will be able to code this, I believe without too many difficulties:
    - From what I understand, you increase the "with the trend" lots to make profit, not Exit positions (specifically the loosing one). Is there a reason for not closing the open loosing positions first, and then try to make $$ going with the trend, and once the trend reverse, go back to normal .... just in case "what ever goes up, goes down" .... is not going as up/or down as expected ?

    .... - ok my second question would be: What time frame to define "deep trend" and reversal considering the EA is tick based if I dont misunderstood. Really, no more question after this.

    I think I will have time to code this on Thursday night ... canada time!
    Thanks again for sharing your ideas. I will post this mod as soon as its done. I will start from the original EA.

    Once this is done, I will start looking at dynamically adjusting the grid with the market volatility. This is something I see as a big potential to increase profit. Anyone experienced such thing based on support/resistance ?

  3. #63

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    XmPH,

    regarding the deep trend, still use the MACD or another.

    S and R sound good, how about fibonacci points?

  4. #64
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    Jan 2010
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    26

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    Dear all,
    I will not have the time to code anything today nor tomorrow .... apparently some freakin' rumble in NYSE got all my attention to maintain my non-forex portoflio not too bruised.
    I hope I'll have some time over the week-end.

    So far, there are some parts of the code for which the logic is "foggy" to me .. .so eventually I'll end-up recoding part/all of it.

  5. #65
    Junior Member
    Join Date
    Dec 2009
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    6

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    A sudden drop of EUR-USD caused terrible damage to me this week.

    Because "2000 pips daily EA" continued to increase the order size while I was sleeping.
    Unfortunately down trend didn't reversed.

    I have two questions.

    Q1. Can I limit the large order of "2000 pips daily EA"

    I want to limit a order above step5.
    Does "buyMultiplier=0 and SellMultiplier=0" effect to stop order?

    extern int Step6=30;
    extern int TP6=30;
    extern double BuyMultiplier6=0; <- I set 0 in Step6 to Step20
    extern double SellMultiplier6=0; <- I set 0 in Step6 to Step20


    Q2. Is there any way to stop MT4 in an emergency.

    Does anyone know the way to close all order and stop MT4 when account free margin lower 25%(for example) than previous day.

    Thank you.

  6. #66
    Junior Member
    Join Date
    Jan 2010
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    Quote Originally Posted by t-oki View Post
    Q1. Can I limit the large order of "2000 pips daily EA"
    Yes, a multiplier of 0 would do the trick .... the trick being letting the Drawdown happen and sit ... and wait .. and pray .... for the price action to reverse. This is how I used the original version of this EA.

    Quote Originally Posted by t-oki View Post
    Q2. Is there any way to stop MT4 in an emergency.
    I believe the CloseAll feature is already implemented.

  7. #67
    Junior Member
    Join Date
    Feb 2009
    Posts
    17

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    hi Funyoo, and Hi everyone,
    I have demoed this a for a long time, and I have had very good results,before my account was wiped out!
    However I think that using a proper margin and trading 0.01 lots we could have good earns in the long time. for this reason now I'm trading the version 1.01 live.

    I have 1 problem, and I ask your kind help:
    1) sometimes the ea doesn't open orders: sometimes it doesn't open the 3rd Buy/Sell order, and sometimes it doesn't open the opposite order at all! Now I have stopped the ea, because I had 3 buy order opened and no sell ether no sell limit orders?

    What could be wrong?
    Did anyone have the same problem?
    did you find the solution?
    I have seen there are now several version, Which is the best version?

    thanks all!
    Lorenzo

  8. #68
    Junior Member
    Join Date
    Feb 2009
    Posts
    17

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    Hi I requote this message.

    Quote Originally Posted by rgh View Post
    hi Funyoo, and Hi everyone,
    I have demoed this a for a long time, and I have had very good results,before my account was wiped out!
    However I think that using a proper margin and trading 0.01 lots we could have good earns in the long time. for this reason now I'm trading the version 1.01 live.

    I have 1 problem, and I ask your kind help:
    1) sometimes the ea doesn't open orders: sometimes it doesn't open the 3rd Buy/Sell order, and sometimes it doesn't open the opposite order at all! Now I have stopped the ea, because I had 3 buy order opened and no sell ether no sell limit orders?

    What could be wrong?
    Did anyone have the same problem?
    did you find the solution?
    I have seen there are now several version, Which is the best version?

    thanks all!
    Lorenzo

  9. #69
    Junior Member
    Join Date
    Jan 2010
    Posts
    26

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    Quote Originally Posted by XmPh View Post
    Dear all,
    I will not have the time to code anything today nor tomorrow .... apparently some freakin' rumble in NYSE got all my attention to maintain my non-forex portoflio not too bruised.
    I hope I'll have some time over the week-end.

    So far, there are some parts of the code for which the logic is "foggy" to me .. .so eventually I'll end-up recoding part/all of it.
    Dear All,
    I moved on to code a new grid EA from scratch. Thanks to Funyoo 2000pips EA, I got into the grid world and I found lots of different strategies out there.
    For the brave ones, go out there and find (and code) for yourself.

    I will not update Funyoo's code, as I believe patching a strategy that I believe is not mathematically sound is not right.
    Good luck to you all.
    XmPh.

  10. #70
    Junior Member
    Join Date
    Feb 2009
    Posts
    17

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    Quote Originally Posted by XmPh View Post
    Dear All,
    I moved on to code a new grid EA from scratch. Thanks to Funyoo 2000pips EA, I got into the grid world and I found lots of different strategies out there.
    For the brave ones, go out there and find (and code) for yourself.

    I will not update Funyoo's code, as I believe patching a strategy that I believe is not mathematically sound is not right.
    Good luck to you all.
    XmPh.
    Hi XmPh,

    do you mind sharing the grid ea you found?
    I'm trading live with 2000pips, with good results so far......but I would like to try something new!.

    thanks
    a Lot
    rgh

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