That would do it. Thanks JoLi.
Last edited by Chip4Pips; 04-24-2010 at 15:20.
This issue comes from your platform, you have probably to install it again.
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.
Ignoresunday option added.
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.
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.-- should the EA be combined with a simple MACD filter?
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
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!!
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
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.