acosma

Yeah, much better 4-6 gmt brakout ea.

The tradelogic of the EA from post #22 has nothing to do with donchian scalper's logic

They only used the EA as a sceleton and coded their own "logic"

But I'm afraid the EA only trades in backtest mode

 

Why only trades in backtest mode ?

I didn't check the code yet, is it possible to let it trades also live editing the code ?

Yes, it has the typical parameters set of funyoo ea, the author of donchian scalper.

URL Video: hxxp://[email protected]/bdtcourse1/

 

Anyway I think this system does not work vey well on metrader,

the author on the readme file said to put all files under experts/files directory and not under experts/indicators

he seems to know very well mt4 platform !!

I tried on 4htf but signals seems to be wrong, parameters of indicators are fixed for all time frame or it needs to be changed based on time frame ??

Indeed, it should try to reopen orders until the conditions are met,

I also check inside the code of the ea and it seems to be that, but on my journal tab I see only one open order command followed by the requote and then nothing else.

maybe temporaly lost connection with the broker server after requote.

I see, Thanks CW2.

Last night I got 3 requote when eakain tried to open on USDCAD; EURCHF, EURGBP, so it was unable to open trades,

no trades at all.

So if you got requotes with this ea you miss trades because as I see it does not re-try to open trades again after first reqote.

And 3 requotes on 3 different pairs it looks a little bit strange.... maybe sigtrader broker begins to interfere ???

sorry guys, but I have to say that I run eakain at 30% on sig trader with automatic gmt shift (+3 instead of +2) and in 2 months (july and june) I got a monthly gain of 30% and over .....

now after reading this thread I decided to switch off automatic gmt and set manual gmt to +2, although it's too early to say but it seems that it trades very less (yesterday only one trade eurgbp for only 1 pip profit!!!) and so very less profits about 6$ ....

in the last days when I was still running it at +3 gmt I was able to make about 50-70$ per night !!!

and I got abut 4-5 trades per night.

If you said that it's not correct +3gmt due to dst and it's correct +2gmt maybe we could think that I was lucky,

but let me tell you this: I was lucky for 2 months with wrong gmt setup ???? it seems too much long time for me to say that it's lucky

surely at +2 gmt the market is more quite and less dangerous but I don't know maybe it's better to reswitch to +3gmt......

anyway it's too early to say that because it's just a few days that I'm running it at +2 so I will wait for more time and see how things will go.

yes, it's true.

thank you iwjw, maybe spread during backtest .....

since 1st of june I'm using eakain on sigtrader and the result was good but if you do a backtest for the last months the results are bad, while on the same period and months but on 2009 the reults are totally differents with a nice climb curve.

So although eakain in the last 2 months is goin' well on my real account I'm worried about backtest results.

 

this let me think that backtest is total useless with this kind of ea.

maybe bad historical data I don't know but I've redownload it or maybe it's curve fitted on 2009 periods.

Someone else tried to backtest eakain in the last months ?

Thanks fxnight.... and I hope that you will find ex4 version too.

if it's a fapturbo clone as you said maybe it has been modified and it could be better than fapturbo.

I always want to try all possible ea that has good forward test, you never know ..... just to try in demo costs nothng.

it's better aggressive = false, it trades less but more accurate, win/loose ratio about 85%, stoploss size depends on the pair anyway risk to reward ratio is not good as for any asian scalpers, I think about 1:10, 10 wins to recover 1 lost. This when you took full stop loss, usually the ea close negative trade before hit full stop loss but sometimes it could hit full stop loss.

15min timeframe only.

Yes jwjw, I analized this and I have to say that you are right, so most of the time the auto gmt offset of scalpers confused people.

 

eakain S0 Strategy start trading hour: 22:00

 

manual gmt offset: +2

22:00 + 2 = 24:00

 

sig trader market watch during summer: 24:00 -> 21gmt -> 16:00 (NY close)

sig trader market watch during winter: 24:00 -> 22gmt -> 16:00 (NY close)

 

 

manual gmt offset: +1 during transition period

 

22:00 + 1 = 23:00

sig trader market watch during transition period: 23:00 -> 21gmt -> 16:00 (NY close)

 

But I think during transition period this is true if liteforex trading servers are in europe.

maybe romania ???

http://upload.wikimedia.org/wikipedia/commons/e/e7/Timezones2008.png

Since 28 of may I'm running eakain with gmt+3 on sig trader and the results are good, maybe I was lucky.

So let me understand you always use gmt+2 setup for the whole year with eakain on sigtrader ?

And i supposed this would be for most of the Ea not only EaKain ....

I should change gmt on other ea like shocker, megadroid etc...

Hi iwjw, I think it's correct to consider dst +1 hour for brokers that are affected by it, so you have not to substract one hour.

If you look inside the code:

for example EURUSD Strategy S0 trade time interval supposed to be gmt0 is:

gi_352 = 22; (gmt0 start)

gi_356 = 23; (gmt0 end)

 

Then added gmt shift:

gi_352 += GMT_Offset;

gi_356 += GMT_Offset;

 

so for example liteforex sigtrader right now is gmt+3 not +2 because dst is in effect,

then:

gi_352 += GMT_Offset;

gi_356 += GMT_Offset;

 

would be:

gi_352 += 3;

gi_356 += 3;

 

so trade interval is:

gi_352 = 01:00am

gi_356 = 02:00am

 

and the function that check trade interval is:

int isTimetoTrade(int ai_0, int ai_4) {

if (gi_232) ScriviLog("verifico se ora ok");

bool li_ret_8 = FALSE;

int l_hour_12 = Hour();

if (ai_0 > 23 || ai_0 < 0) ai_0 = 0;

if (ai_4 > 23 || ai_4 < 0) ai_4 = 0;

if (ai_0 < ai_4 && (Hour() >= ai_0 && Hour() < ai_4)) li_ret_8 = TRUE;

if (ai_0 > ai_4 && Hour() >= ai_0 || Hour() < ai_4) li_ret_8 = TRUE;

return (li_ret_8);

}

 

so when sig trader market watch of metatrader says 01:00am(gmt+3) it's 22:00(gmt0) the correct time of start trading, in this case for eurusd eakain s0 strategy.

if you instead put manual gmt+2 without dst when market watch says 24:00 for eakain is start trade hour but it's not correct because is 21:00 gmt0 (24:00 - 3 hours), one hor before 22:00gmt0

 

am I wrong ???

Hi CW2, which is your eakain gmt shift on sig liteforex ? +2 or +3 (1 hour dst added) ?

I have some doubts about eakain gmt offset and dst:

for example alpari uk winter gmt shift is +1 and now summer gmt shift is +2 for due to dst in effect.

What gmt shift shoud I use now ? +1 or +2 ?

If I set automatic gmt it shows +2 so I think it's correct to use +2 and it's true that dst affects the gmt shift parameter but in the previous version of eakain manual it says:

"GMT Shift is the difference between the GMT and Broker Time, without

considering daylight saving time (DST)."

while on the newer manual it says:

"AutoGMT_Offset: Set Automatically the GMT Offset Calculating it using the windows system clock.

That's the why because it's important to have set correctly windows system clock.

- GMT_Offset: If “AutoGMT_Offset” is “true”, this value will not be calculated.. Otherwise, if

“AutoGMT_Offset” is “false” you'll need to set it manually. (GMT Offset is the difference between

GMT Time and Broker Time)."

So in the old manual it seems that you have not consider dst time so for example on alpari uk it would be always +1 in the whole year.

In the new one it seems that you have to consider dst change because "(GMT Offset is the difference between

GMT Time and Broker Time)" and right now the difference on alpari uk is +2

If you look at the code of the ea (forget about automatic gmt) manual gmt shift is simply add or substract to the fixed range hour set for all single pair and it does not internaly manage dst, I supposed that you should consider dst if you set manual gmt shift because it simply is added or substracted to default start hour and end hour trade.

Also in backtest I don't know if it's correct to backtest with fixed +1 or change it to +1 or +2 based on dst change.

I tried backtest on SIG liteforex(default GMT+2) in period when dst should be in effect and it seems that it's better with gmt+2 not +3.

for example I tried from 01/04/2009 to 31/10/2009

Things are very confused...

I agree with raw it depends on combination of ea broker and settings.

xxl205 why on EURUSD, USDCAD and EURCHF GMT+1 not +2 ? you choose this based on backest or live results ?

Anyway maybe it's better only on alpari this custom gmt because i use eakain on other broker and it goes well on those pairs with default gmt.

Do not backtest on weekends especially for scalping ea, the spread is fixed during weekends but mostly spreads are very high and bt is always negative for spread sensitive ea.

I tried eakain some months ago on alpari uk and for me it did not perform well, but now it seems to go well.

I think mostly it depends on the broker that you choose with this ea as for other ea.

Anyway I think the best is to start with small capital like 500Eur - max 1000Eur and set high risk like 20-30%, you should think that if you blow the account it will not be a big problem or a tragedy for you, so think as you already lost all or at least half the money you put.

the negative thing is its risk to reward ratio: it's not good, so I think the main thing is understand when to use it and when it's better to switch off this ea.

We should not ever forget that with this risk to reward ratio 2-3 consecutive full stop loss are enough to lost all the profit that you made in one month and over, worse if you are at the begining and you take full stop loss.

So Eakain is good for a starting balance of 500 max 1000 with high risk setup and leave it play the game, but certainly I would not use this ea with bigger balance, neither with bigger balance with small risk setup like 5% and small profits.

anyway I think the java code it's not the whole ea, it's only 18k

any mt4 version ???

yes i know that The leverage defines how much margin will be used to open a position,

but in the preceding example to risk 3% (30 EUR) at leverage 1:200 which is the correct lot size 0.05 or 0.1 ???

for me it's 0.05 half the lotsize that could be at 1:100, right ???

Hi soundfx, thanks for your answer but is it correct what i'm saying ? lotsize is inversely proportional to leverage, right ?

example:

pair: GBP/USD

balance: 1000

risk: 3.0%

stoploss: 38

leverage: 100

current: EUR/USD Ask price: 1.2295

lotsize: 0.097 rounded to 0.1

risk money: € 30.00

 

pair: GBP/USD

balance: 1000

risk: 3.0%

stoploss: 38

leverage: 200

current: EUR/USD Ask price: 1.2295

lotsize: 0.049 rounded to 0.05 (about half the one above)

risk money: € 30.00 (same risk money)

 

is it right or I'm wrong ?

 

"How do I change leverage on my demo account?

To change leverage on your demo account please contact Client Services Team on +44 (0)20 7426 2900 or send an email to [email protected]

this is true for demo account only live account can be changed from a specific page on alpari web site.

it's one year that I trade in forex but I still have doubts about how leverage affects pip value:

I have one alpari account with leverage 1:200 and other alpari demo account with default leverage 1:500

 

On both account I use an EA that have the same setting:

stoploss is set at 38 pips with fixed lot at 0.05

 

Well, I don't understand why I lost the same amount of money on both account with the same stoploss, the same fixed lots but DIFFERENT LEVERAGE!!!

 

account 1: leverage (1:200)

pair GBPUSD

fixed lot 0.05

entry price 1.5436

stoploss hit at 1.5398 (38pips)

money lost: 14.64 EUR

 

 

account 2: leverage (1:500)

pair GBPUSD

fixed lot 0.05

entry price 1.5436

stoploss hit at 1.5398 (38pips)

money lost: 14.64 EUR

 

I don't understand the same money lost at the same fixed lots 0.05

the lost on the 2nd account should be much more than the one on the 1st account ? is it not true ?

 

I use to change leverage and increase it when there is a maximum lot size that the broker has set for the total position opened.

 

for example total opened position lot size permitted for alpari micro account is 2.0 standard lots.

So to not go over this level of 2.0 standard lot I can double leverage from 1:100 to 1:200

so for example I want to risk 10% max of my balance

 

to risk 10% at 1:100 I have to open for example a position of 1.0 lotsize

at 1:200 to risk the same 10% I have to open half the position size so 0.5 instead of 1.0

 

so I don't understand how it could possible THE LOST IS THE SAME AT DIFFERENT LEVERAGE

 

WHAT'S WRONG ?

 

or maybe a mistake of the broker ? it seems that it's always 1:100 even if you change your leverage and increase it.

 

Please someone could explain this to me ?