fx4_ever

I'm quite certain that the parameters of "Use Add Take Profit On Trend" and "Use Add Take Profit On Reversal Rate" are responsible for the extra pips in profit. If you don't like the extra profit ($:D$) then just set those parameters to false ;))

Thanks! I love those extra pips :) I am using it with default settings. just changed the lot size. I'll continue with it.

Here's a screenshot of mine. as you can see there are a couple of pairs that are > 350 <-350, yet nothing is opening. Maybe I am not understanding how this ea is supposed to work? (which is very possible, lol).

http://my.jetscreenshot.com/3462/20110516-noto-70kb

From what I can tell, it opens in correlation, not only by delta value. Like

ex: I have delta = 350, I see orders opened are:

audusd delta = 361, gbpusd delta = 361 this opened together at the same time

audusd delta = 373, usdjpy delta = 372 this opened together at the same time

usdcad delta = 354 usdjpy delta = 353 this opened together at the same time, etc..

However, what I don't know is, which pairs this EA is to considered as 'correlation' and how it is determined the pairs, I don't know..

Baila EA did it again. Winning trade today...

From trading few days using Baila, I noticed EA closed sometime, 16 pip, 60+ pips, 9 pips, 40 pips, etc.. Can anyone able to read the code and see if there is a reason that this close at different TP? It must have some types of Algo to do this. I am using default settings (except for the lot size), but TP value seems to change even though, extern TP is always set at same.

we must close all position manual ? or close automaticly ?

It close all automatically when your total positions net = profit target. (that is what I saw) Sometimes, it close earlier before reaching the profit and I don't know why. Maybe it is slippage at the time of closing or It may have some algo to close??? Not sure. If someone can read the code and how it supposed to work, we'll have a better understanding of this EA.

I am planning on study more on this EA. perhaps line by line to see if I can understand it better.

But, so far, it is making money and DD isn't too bad for my lot size configruation. So, I am trading on live account.

Today, USD Basket didn't open any trade for me (Delta = 350 settings) on either Forex.com or Oanda FX.

can share result or backtest ?

No back test. I can't get my back test to work. I already post my results for trading live for 4 days earlier.

Thx very much for sharing your settings with us.

Your are welcome!

@fx4_ever: maybe you can share your settings to us? I like to start a live acc too using baila, usdbasket and forex growth bot. May you share your settings of baila and usdbasket? I like to open a 500€ live acc and i am not sure right now which settings should be the best by using 0,01 or 0,02 lot per trade...

I would be very happy about sharing your settings! 26% and 6% net profit sount very good and i wish to have such great results.

I am using default settings on either of the EA that posted by 50pips. Only thing that I changed is Delta = 350 and the lot size. That is all. Nothing to post settings. As for lot size, higher the lot size, DD will be higher at times. So, it is something that you have to experiment at your comfort level. My settings for lot size ratio is; per $500.00 available margin, use 0.01 lot for USD Basket. $500.00, used 0.05 for Baila.

So, my settings for Basket EA:

lot size ratio; $ 500.00 --> 0.01 lot, $ 5,000.00 --> 0.1 lot, $ 50,000.00 --> 1 lot

Delta = 350

All others = default posted by 50pips on post#1

Guys some good discussions here but really iam not interested in hearing any results with deltas under 300. Yes you might get more trades and yes you might make more money NOW but i can tell you all i will hear in the near future is complaints of excessive losses and this will do no good for the faith in many of this EA.

 

I can only advise but cant lead you to do anything. Delta of under 300 is DANGEROUS. Do so at your own peril but do not post here your complaints when you take a big DD.

 

Next i thought i was quite clear with this point. No trades since wednesday issue. So it amases me why its still being brought up. Delta of 400 will only give few trades..it will be safer for sure but there has been no trades since wednesday with delta 400. Heck it could even happen with delta of 350 or 300. So hearing no trades since wednesday then i lowered delta and trades just popped up, thats normal.

 

I was thinking about the other Ea's i have for other pairs. Because of all the broker issues, computer issues, misunderstandings blar..blar..it might be better to just offer to institutes, big players or rentasignal service.

 

Keep the results comming guys good job.

Hello 50pips;

When you share EA (or Indicator/strategy) in public forum like this site, you'll run into many types of people and you can't avoid 'em. Some may have ended up in this thread after many post later and doesn't want to read from the beginning and asking questions where the answer could be just few pages before. If they read the thread and they will find the info.

I can't speak for others, but I am enjoying this EA and of course, Baila EA that you've shared and it is being trade on live accounts now. It's only been just 1 week (actually 4 days trading), and since I start using it on 2 of my live accounts with very small risk (0.02 lots per $1000.00 balance or 0.01 lots per $500.00) , I've net 6% return. And Baila, I've net 26% and couldn't be happier. Especially being in the US, it's harder to find the good strategy to make consistent profit.

If you were thinking about sharing the other EAs, but change your mind because of many issues people post here; please reconsider your decision and post your other EAs. Many of us will be most grateful, that I am sure..

Thanks,

I am using the code as original posted by 50pips, for profit target --> formula like AccountProfit()>(AccountMargin()*Take_Profitt) and it works. For me, it make sense to calculate the target based on margin used, rather than against account balance. Because, if I am very conservative and trade only small lots on large account, it make sense to expect EA to closed on open positions rather than what is left on the account. Well, at least that is what I like and works for me.

Today is slow day and it didn't open any trade for me (I am live with this by the way). But, I was doing some experimental trading on demo for testing (various settings, enabled/disabled available pairs, use lowest lots and/or lowest delta, etc) and see what it would do. As expected, lower delta settings opens trades even days like today, but it is sitting on DD and don't do much at all. Haven't closed any trade. So, yeah, I will stick with higher delta.

Just FYI. I am using Oanda and it execute perfectly. 240 pips 3 days trading (May 9th, 10th 12th) I didn't trade on May 11th (PC was down and MT4 was not on) 3 orders, 3 winners - awesome trading so far! :)

Thanks again for sharing, 50pips!

50pips,

Does this EA has max protection against certain drawdown? I am wondering if it has basket SL in place.

Thanks,

Yes i know, but maybe i didnt explain well or is for me that not work well, when I set the time from 0 to 8 is not a problem or from 9 to 17; the problem is at midnight when you want to trade for example from 21 to 5. did you alredy test it ? because for me is not working, not trade from 1 to 5 eahter if i set insted of 5 i set 29h

You have 2 choice.

1) you can use date/time format as this -->

2011.05.11 21:00

2011.05.12 05:00

2) or you can set 2 EA. One start 21:00 to 23:59 and 2nd EA starts 00:01 to 05:00 As long as you are using the same magic#, 2nd EA will pickup what it's left from the first EA.

Hello FX4_ever, thanks for your work, i am trading this EA since few month...

 

because the EA is protected i can not change the trading time. i am using "iWin_(full-magic no enabled).ex4" and the problem is that i can not trade betwen 20h to 05h always stop at 00; i alredy add between 20h and 29h but is not working... could you fix this small thing....

You can changed the trading hours any hours as you wish. It's already there as extern for start/stop trading hours. No need for any fix for it.

Hi, does the EA provided here applicable to all the brokers. If not, what brokers can we work with the EA you provide? Thanks in advance.

As far as I know, it works on all brokers.

I tried but i get zero values on, usdjyp 1H chart again. what is wrong? need help to fix problem. thanks

question for you... what is your broker? If your broker's symbol has suffix, it shows zero value. Tried to change to fit your broker's symbol.

ex: USDJPY --> USDJPYpro (if suffix is pro)

Thanks for your answer, but how i can recompiled the EA? if you can just give me short information . thank you

On your navagivor, find the name of the EA. Right click and select "modify" It will open EA's source code (programming). click on 'compile" - at the top, you'll see this. Once it is compiled, you'll see the message at the bottom that i has compiled and no error. That's it. I hope I explain it right.

I placed ea to chart usdjyo 1H, but i see just zero on chart. WHAT IS WRONG ? SOMBODY CAN HELP ME? THANKS

I am not guru of this system, so it may have better way of doing things. Perhaps, "50pips" can give you better answer to the correct way to fix it or knows the reason why. But I've experience same thing time to time. What I do then, disabled EA (toggled button), then, recompiled the EA. Wait for 1 min, then, enabled EA (toggled button to enabled). Then, EA start to read the value and start opening the trade if there's signal.

Try that and see if that will work for you.

friends,for last many hours i have the ea open only two positions and not many as it did before.the opened ones are on usdjpy and audusd ..shorts.

 

and it closed many of the opened ones on these two for profit a number of times but without reaching tp of basket.anyone experiencing something similar.it has happened on two different demos and different vps.

Yes, sometime, it opens just 2 or 3, then, when it reaches xx delta, it will open some more. I think it keep opening until it meet your total TP or MaxTrade number.

2.3% net gain today on live account . Not bad at all.

Anyone (or "50pips") tell me, if EA close with total Net Loss at xx? I don't know if this has basket stoploss or not.

looking at the possibilities makes for an exciting time tweaking the settings. a smaller TP and increased lot sizes might mean trades get closed out much faster and then unto another cycle...smaller lot sizes and increased TP might leave open profits on the table for much longer

Yes, you are correct. It's balancing act all together, especially in 'basket' type trading. TP = 0.3 took too long for my trading style, so I was using 0.05 (not knowing it was based on margin used x tp rate). So, now I know, I am changing it to 0.1

Today, it close 3 x already (tp = 0.05).

do you mean $499.99?

1666.46 x .3

 

then yes that sounds right

Yeah, 499.99. (typo earlier).

Thanks! Now that I know how Tp is calculated, I will change my TP little higher. No wonder EA keep closing the orders early :">

If you look at the bottom of the Terminal page on MT there is "Margin" and "Free margin".

 

The EA is using the "Margin" amount. This is what I meant by ""open margin".

 

 

Mine is off and running now..

So, based on your explanation, if my TP = 0.3,

If my account shows: margin used = 1666.46, Free Margin = 9932.64, how the calulation for TP works?

how the EA will close? When total net gain = 4499.93? (1666.46 x 0.3 ) It sounds right to me, but want to make darn sure. :)

Thanks,

Thanks to all for your comments.

 

 

MY IBFX is 50:1 and trading .01 lots. Nothing was closing.

 

I changed the TP from .3 to .01, now it's closing some trades.

 

It's as simple as multiplying your open margin by your TP figure and determining if it's reasonable.

Hi:

Can you clerify if it is by open margin by TP figure? or it's based on Available AccountMargin by TP figure?

Code is read as below and I want to make sure I am calculating the TP rate correctly.

If my account shows: margin used = 1666.46, Free Margin = 9932.64, how the calulation for TP works?

Code that I see is like this:

if (AccountProfit()>(AccountMargin()*Take_Profitt))Close_All=true;

No problem.

This is Paul L.ange's full seminar T_PM.1. with complete manual for easier following.

Try to downlad the first video and see if it's the same as yours

Thanks for that info. I've download both, 2st and 2nd module that you've upload. Haven't had a chance to play it yet. I think my Windows media player is corrupted and I need to reinstall. I am sure it isn't the same if it is by Paul L Ange's seminar. Thanks for the file and I will keep download as you upload the file. Good stuff, I am sure.

Thanks, Johan445 for sharing.

Would you please post what this video that you are uploading? The reason that I ask is, I have the course and if it is the same thing, I don't have to download. (save some time at my end :) ) Regardless of recent complaints about him, I do like Oliver Velez's teaching.

Tools and Tactics for the Master DayTrader is good one to read.

Regards,