10points 3.mq4 - page 159
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So on false until the first trade opens, then switch to true? Do you then switch it back to false whenever it's flat, and then back and forth?
A quick tip for you guys on how to use V12 properly, from my experience for the passed 1 month, it should be placed at Aggressive_Mode=false. Until it started to make the 1st trade, then we place it on Aggressive_Mode=true. That way we'll get in the trade correctly. ALMOST holy grail
Regards,
DavidSo on false until the first trade opens, then switch to true? Do you then switch it back to false whenever it's flat, and then back and forth?
Normally what I did after power loss/ closure due to NFP/FOMC, I will switch Aggressive_Mode=false. So the system will line the duck in a row before it start shooting the anti air craft mini gun. After start shooting, I will just let it shoot. 1 month will need to do this at least 2 times that I expected. NFP once, FOMC once... special occasion... power loss, stop loss
hope it will never happen.
Regards,
David
okay, so after that first trade opens, then back to true.
Normally what I did after power loss/ closure due to NFP/FOMC, I will switch Aggressive_Mode=false. So the system will line the duck in a row before it start shooting the anti air craft mini gun. After start shooting, I will just let it shoot. 1 month will need to do this at least 2 times that I expected. NFP once, FOMC once... special occasion... power loss, stop loss
Regards,
DavidDavid K and Yeoeleven - cool thread
Hi - I'm just wondering if it's possible to get addicted to these threads, very interesting reading, takes a while trolling through the posts!
Yeoeleven (John) I have the same combo setup as you, except I'm running the close all trades EA too set to close at $-250, see if this will guard against any scary moves.
David K, V12 sounds really exciting so if you want more volunteers for this or a future variant for some forward testing please put me on your list.
Thank you both for interesting reading and some EAs I'm now testing out.
Will post combo results in a few days when I have some trades,
many thanks,
Cal
Updated V12
Please refer to post # 1562 for details. V12 on North Finance.
Closed Profit +$ 19594.83 Floating Profit +$396.98
John
Location: Wales in the UK
Ooh, a local man (by local, I mean UK). My head's been spinning, talking to all these people in far off lands.
Welcome.
Regards,
Ray.
My v12 Update
Hi Guys, just thought I'd post a little update on my progress this week even though having a rough start yesterday.
eur/aud 5 trades all wins
eur/chf 1 trade win
eur/gbp 1 trade win
gbp/usd 6 trades all wins
usd/cad 2 trades both wins
usd/chf 3 trades all wins
usd/jpy 5 trades all wins
eur/jpy 1 trade loss
gbp/chf 5 trade 2 loss and three win
gbp/jpy 7 trades 2 loss and 5 win
The losses were on Monday when I didn't have something set right and lost like 150 pips on each trade. I'm not sure yet how SL is calculated. If I had a SL set I wouldn't have lost so bad
Can maybe David or John explain to me about the SL. What does InitialStop do also?
Anyway, looking good so far
Thanks
V12 Updated
Please refer to post # 1561 for details. V12 on Neuimex.
Closed Profit -$33.92 Floating Profit -$0.10.
David look at the last loss to see if it could have been reduced. Why was the first pipstep 12 when set for 6?
John
Updates
Hi Guys, just thought I'd post a little update on my progress this week even though having a rough start yesterday.
eur/aud 5 trades all wins
eur/chf 1 trade win
eur/gbp 1 trade win
gbp/usd 6 trades all wins
usd/cad 2 trades both wins
usd/chf 3 trades all wins
usd/jpy 5 trades all wins
eur/jpy 1 trade loss
gbp/chf 5 trade 2 loss and three win
gbp/jpy 7 trades 2 loss and 5 win
The losses were on Monday when I didn't have something set right and lost like 150 pips on each trade. I'm not sure yet how SL is calculated. If I had a SL set I wouldn't have lost so bad
Can maybe David or John explain to me about the SL. What does InitialStop do also?
Anyway, looking good so far
ThanksHi matrixebiz thanks for the report, it may save some typing to upload the statements and GIFs with help from the PDF file sent with the EA.
To answer your question I will quote from tururo who modified 10p3 and created the DynamicStop. The post is on page 19 of this thread.
The way this EA works is to open a new trade when the loss gets to the value of the "Pips" setting (15). It does this until you have maxtrades open and will open no more. Once you get to maxtrades, if the price continues to go against you, your losses are unlimited. The modification sets the stop point at the place where the last trade would reach the 15 pip loss point + the value of initial stop. So, for each of the orders the stops would be as follows if Pips = 15 and InitialStop = 2, MaxTrades = 5:
Let's say your first trade sells at 1.2600
1st trade stop at 1.2600 + 75 + 2 = 1.2677
2nd trade opens at 1.2615
2nd trade stops at 1.2615 + 60 + 2 = 1.2677
3rd trade opens at 1.2630
3rd trade stop at 1.2630 + 45 + 2 = 1.2677
4th trade opens at 1.2645
4th trade stop at 1.2645 + 30 + 2 = 1.2677
5th trade opens at 1.2660
5th trade stop at 1.2660 + 15 + 2 = 1.2677
So when the price gets to 1.2677 all trades closed out at the stop loss. See yeoelevens earlier post for dollars example.
In practice the stops will vary by a few pips.Can't explain it better than the author.
currymonster Cal welcome aboard we look forward to your contribution.
John
G'day neighbour!
Ooh, a local man (by local, I mean UK). My head's been spinning, talking to all these people in far off lands.
Welcome.
Regards,
Ray.Hi Ray! Nice to meet a close geezer too, we'll have to meet up in a year or so to count our suitcases full of cash! If only!
I just wish I had a dual core computer, mine's starting to compain at having about six MT4 platforms open testing EAs all the time!
Anyway here's to making V12 and Fibo and 10 point 4 profitable for all, hope I can lend a hand,
Cal