peterke

Once it has opened disconnect internet and it will stop shutting down

rgds

Peter

I agree. My testing showed exactly what you said too. (except I couldn't get GU to test good on a 5 year BT) I think 20pipstep is too small for GU

Remember martingales are sensitive to spread. if you use say a 20pipstep for someone with a 1pip spread that is a 21 step grid if another broker has 3pip spread that's a 23 pip spread now. Testing with martins I always use the lowest spread, my average spread, and the highest for each pair I test. v1.33 is definitely much better and safer version. you do lose some profits using modify martin True (around 40%) .... ;)

I'm working on the basis that volatility has declined post financial crisis and that I would manually hedge trades that blow out. What I like about this EA is that by limiting entries to "say" 6 or 7 you have plenty of options to manage the trade before the account blows out.

rgds

Peter

Ive done quite a bit of testing with 1.33. Work best on GU,(20 pip grid) AusCad (30 pip), ANZ (10 or 15 pip). Avoid any trending pairs like EURUSD or AUDUSD.

rgds

Peter

yes you can , as yuo know where the block will form you can place stop orders at the right places.

rgds

Peter

I am still trading on 3 pairs, profit around $4700 on a 10k dummy account. Profits have been pretty static over the last week. I took a hit last week when I mistakenly used close all function. I am also gradually closing out of some legacy USDJPY trades. I have been running 24/6.

I am going to rethink the use of this EA and look to limit to selected times with a tighter range.

rgds

Peter

Hi, now on $14,500 with approx $1,500 open trades, up $4,500 after 7 trading days and various versions and settings. UJ and GU currently aligned to hedge each other so looking good to survive for awhile longer.

I think the settings for each pair should be set so that GU opens a new trade every 10 to 15 pips while UJ and USDCHF are around every 5 pips. I'm thinking something like 1/20th of average daily range.

Technomage, could you explain simply the logic of closing trades. Does the EA take each trade individually or does it treat them as a basket.

tks

Peter

I'm trading on a 10k account , after 6 days balance is at $13,298 with approx $1,500 in open orders. I have manually closed a number of orders as I have run different versions and settings over 3 pairs.

I think in the first decent GU move the account will blow up but I will stick with it to see what happens.

rgds

Peter

Hi, a quick question, there are about 3 or versions of the Cable Run 3 loaded, are they the same or are there variations people have programmed. Could someone let me know

tks

Peter

Im running GU, UJ and UCHF on a 10k account with 0.1 lots. After 4 days have $12,254 in balance and $1850 in unclosed trades. I am using V5 technomage version. I had a maximum $6500 draw down yesterday and have been manually closing some trades.

I have been running 24hrs after the first day.

Running opposing pairs does not really work as the pairs seem to double the risk rather than reduce the risk.

I am thinking the best way to deal with a trend will be to manually hedge to limit the drawdown.

Maybe some logic along the lines of

when drawdown = x% of balance (or a fixed $amt) enter an opposing trade for the net pips

either have a manual exit of hedge or auto close

By setting the max drawdown to say 20% of account balance the account is at least preserved

rgds

PEter

The SL and TP need to be sent in separate transactions after the buy or sell order.

rgds

Peter

Teknomage, many tks for the updated EA. Can you confirm what times are used for the avoid London and NY sessions. Are these set in GMT time, broker time or local time?

tks again

Peter

You're welcome, Cash-flow! GMTOffset needs to be the offset between your broker's server time and GMT. Most brokers are either +1, +2 or +3 GMT... so just figure that out and enter the number (without the + sign) into the GMTOffset field.

 

And yes, in comparison to settings for 5 digit brokers, you mostly need to divide by 10, depending on the ProfitMode. To make things simple, I'd suggest you use ProfitMode=2 (which calculates the Profit in Total Pips) and set MinProfit to the number of pips you want... but if you wanna set ProfitMode=3, then you'll have to figure out the value of MinProfit depending on the Total lot size u'll be using (i.e. FirstLost as well as IncLot)

One of the ideas I am playing with is to use naturally hedged pairs at the same time. Eg GU is naturally hedged to some degree with USDCHF. By trading them together I am looking to avoid a major draw down with a sudden unexpected movement. Not sure how it will work but it does seem worth trying.

The other pair worth looking at for this approach is UJ. Not sure what to pair it with as EJ and GJ seem way to volatile

rgds

Peter

My results using teknomage version for 2 days broken trading are to take a dummy account from - $2600 to -$60 using 0.1 lots. In about 4 hours on Friday it made around $1500 which was interesting as I had Trade Friday to false. Pretty amazing to watch this thing work at times when conditions are right

rgds

Peter

I use DDFX at times and its quite good. Like any of these systems you want to wait for some momentum/ break of trendline before entering. I think easier to use than pallada

rgds

Peter

GGrays1999, i just used megaupload , it works ok

rgds

Peter

IWJW, the change seems to have worked on Go Markets

rgds

Peter

I don't get arrows on Gomarkets AXISODL or but do on Collective fx on the same settings. No idea why.

rgds

Peter

Any of you guys know of an ea or indicator that could automatically plot that 4GMT-6GMT .... high & low box?

Look in xards trading system on forex tsd

Imatache, tks slowly working my way through the Tiger content. Seems good so far

rgds

Peter

The homebase is a 233ema band set on the screen

rgds

Peter

look at the bottom left hand side of the post

rgds

Peter

Re: Elite Currency Trader EA

stoploss = 0.

 

run from start of 2009, it busts the account.

Set a stop loss of say 200.

rgds

Peter