Alpha9 EA *** Released to TSD Elite Members *** - page 68
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Stop loss settings
Hi
I have been trading live for 6 weeks on Alpha with some reasonable results up 78% back down to 51%. I have had a least a dozen equity stops at the 90% mark and recovered again reasonably quickly.
It seems to me that if we were able to incorporate a Stoploss on the individual trades this would prevent the need for the equity stop as on many occasions I have had say 6 trades that were going very bad, but because another 20 trades opened in a short time frame the Equity closure kicked in.
Any suggestions would be welcomed.
Cheers
Alpha equity trailing
I indeed use different magic numbers for them all, there's no way I could do it otherwise (I use Scalpnet, Turboscalp, Electra, Mandarine, Swiss Army and MTP for managing). I'll try with the $1000 account settings, see if it behaves differently.
Like you have said you will need diferent magic numbers for each of the "non-Alpha" EA's. However if you apply Alpha to a group of currency pairs you have two options.
1/ Use the same magic number for all instances of Alpha
2/ Use a differnet magic number for each instance of Alpha
If you do 1, then Alpha will shut all alpha trades when it reaches 1% accross all pairs. So there will be loss trades this way but an overall 1% gain on the account.
If you do 2, then Alpha will close all trades open only on a single currency pair when that set of trades reaches 1% profit. This does not generaly result in any negative trades being cashed in.
I have been running Alpha in case 2 for 36 days on 19 pairs and it has made 1451 trades with a 98.48% win rate. However there are some "old" orders starting to accumulate in the open trade sheet going back to the 18th Nov. In this mode, running Alpha on 19pairs, it behaves in a way reminicent of a grid trading strategy, where small trades are left behined until the stop loss finally takes them out.
This is not what I intended because I want to use the 1% equity strategy spread accross 19 pairs for a"market diversification" effect, so I will have to shut down Alpha and restart it with the same magic number accross all 19 pairs that itis attached to.
Hi
I have been trading live for 6 weeks on Alpha with some reasonable results up 78% back down to 51%. I have had a least a dozen equity stops at the 90% mark and recovered again reasonably quickly.
It seems to me that if we were able to incorporate a Stoploss on the individual trades this would prevent the need for the equity stop as on many occasions I have had say 6 trades that were going very bad, but because another 20 trades opened in a short time frame the Equity closure kicked in.
Any suggestions would be welcomed.
CheersPlease answer these few questions so as to clarify how you have implemented Alpha on you account:-
How many pairs are you running Alpha on?
Do you have the same magic number for each pair or a different one?
Does your account contain greater than $1000, ( for micro lots), (Alpha will rapidly activate the equity limit shutdown otherwise).
Thanks
Kubera
Please answer these few questions so as to clarify how you have implemented Alpha on you account:-
How many pairs are you running Alpha on?
Do you have the same magic number for each pair or a different one?
Does your account contain greater than $1000, ( for micro lots), (Alpha will rapidly activate the equity limit shutdown otherwise).
Thanks
Kubera19 Pairs
The Default Magic Numbers
$10k AUD starting balance, MM on, lot sizes range from .05 to .08.
The way I see it is that the Equity Stop Limit is great if there is a major event effecting the currancy's and hence closes you out. My isssue is when there are trades that have simply gone in the "wrong" direction. the only way they will close is if they move back to 100pips of the 200 day ma, or Equity Stop limit kicks in.
The problem of waiting till they move back towards the 200 day ma, is on most currancy's at the moment thats a long way.
19 Pairs
The Default Magic Numbers
$10k AUD starting balance, MM on, lot sizes range from .05 to .08.
The way I see it is that the Equity Stop Limit is great if there is a major event effecting the currancy's and hence closes you out. My isssue is when there are trades that have simply gone in the "wrong" direction. the only way they will close is if they move back to 100pips of the 200 day ma, or Equity Stop limit kicks in.
The problem of waiting till they move back towards the 200 day ma, is on most currancy's at the moment thats a long way.I have found the UsePredefindTP to work best, what would be great is to have a UsePredefindSL built into each currancy pair. ie
if((Symbol() == "AUDJPY") || (Symbol() == "AUDJPYm"))
{
TakeProfitD1 =70;
TakeProfitH4 =55;
TakeProfitH1 =35;
TakeProfitM30=20;
TakeProfitM15=15;
TakeProfitM5 =10;
TrailingStop=10;
StopLoss=30: Add this option for each Currancy Pair
SRSI_Period=7;
}
Problem is I have no idea how to code this into Alpha to work. Any Suggestions???
Cheers
UPDATE
Well I think the answer may lay with using the Swiss Army EA and set a stoploss within it. Any thoughts on if you should use a different Stop Loss depending on the Currancy pair ?
Client terminal crash
When I do back test , I found the client crash with message:
There has been a critical error
Time : 2008.12.14 19:44
Program : Client Terminal
Version : 4.00 (build: 220, 7 Nov 2008)
OS : Windows XP Professional 5.1 Service Pack 2 (Build 2600)
Processors : 2 x X86 (level 15)
Memory : 1964132/4104 kb
Exception : C0000017
Address : 7C984ED1
Access Type : NA
Access Addr : 00000000
Registers : EAX=053499B4 CS=001b EIP=7C984ED1 EFLGS=00000246
: EBX=5A9AAA58 SS=0023 ESP=053499B4 EBP=05349A04
: ECX=7C9319FA DS=0023 ESI=5A9AB270 FS=003b
: EDX=7C99C080 ES=0023 EDI=5A9AC650 GS=0000
Stack Trace : 7C843A30 0043DCA0 00450890 0044694A
: 00463C37 004554D1 FFFFFFFF 00000000
: 00000000 00000000 00000000 00000000
: 00000000 00000000 00000000 00000000
Modules :
Call stack :
My Setup :
Platform: Alphari and interbank fx
Time Frame: H4 and H1
Symbol : EURUSD
Would you please give me some guidence for this problem ?
Regards,
totick
When I do back test , I found the client crash with message:
There has been a critical error
Time : 2008.12.14 19:44
Program : Client Terminal
Version : 4.00 (build: 220, 7 Nov 2008)
OS : Windows XP Professional 5.1 Service Pack 2 (Build 2600)
Processors : 2 x X86 (level 15)
Memory : 1964132/4104 kb
Exception : C0000017
Address : 7C984ED1
Access Type : NA
Access Addr : 00000000
Registers : EAX=053499B4 CS=001b EIP=7C984ED1 EFLGS=00000246
: EBX=5A9AAA58 SS=0023 ESP=053499B4 EBP=05349A04
: ECX=7C9319FA DS=0023 ESI=5A9AB270 FS=003b
: EDX=7C99C080 ES=0023 EDI=5A9AC650 GS=0000
Stack Trace : 7C843A30 0043DCA0 00450890 0044694A
: 00463C37 004554D1 FFFFFFFF 00000000
: 00000000 00000000 00000000 00000000
: 00000000 00000000 00000000 00000000
Modules :
Call stack :
My Setup :
Platform: Alphari and interbank fx
Time Frame: H4 and H1
Symbol : EURUSD
Would you please give me some guidence for this problem ?
Regards,
totickWhich kind (or bench) of memory banks do you have?
Dedicate Account
I read somewhere in the beginning of the thread that this EA can only run on a dedicate Account on its own.i.e. does not get along with other EAs. Is this still true?
Please advise!
Dimitris
If you are testing this EA on 19 pairs/charts so it is difficult to use it with other EAs because of PC memory.
And may be because this EA was coded for whole account protection. Anyway I did not try to use it with other EAs.
Hi,
afhter run this system for 2 days on Demo (and it alos makes some trades) i get message popup aler as below. What does this mean? Somenting about account protection?
Thanks
===========
Closing orders because Equity Trailing was triggered. Balance: 3809.66 Equity:3891.07
===========