Electra EA ** Released to Elite Members ** - page 51
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Hi all,
I've been a quiet follower of this thread for a time, but now I can't keep my mouth shut anymore:
It would be nice if somebody (don't know exactly who, maybe Newdigital, Project1972, or whoever is in care of the development of Elektra?) could put together a little manual with recommended settings for the most relevant parameters of Elektra, maybe with some standard sets like the one from Newdigital, but explained in a less "techie" way.
I downloaded this awesome piece of software and I'm experimenting it in several ways, and I see a big potential in it, but it's still a kind of 'black box' to me, because of the way some things are (or aren't) explained, and of course, I'm not a coder, nor in any way familiar with MQL4. The overall philosopy of the EA is very clear, but it's in the details, where it becomes confusing.
For example: Can I load the Newdigital.set and start the EA with the 19 currencies listed somewhere in this thread and leave it alone till it stops? Do I have to use only those 19 currencies, or can I use any available? Do I have to stop it myself, when I think it has made enough profit? Or do I have to set 'EquityTrailing = true' and 'PercentEquityTrailing = 10' to have it stop on 10% profit measured against current balance, or against starting balance..or..or?..
I'm thinking here of a commercial product like "GT-Shadow" which is a pretty complex, programmable EA too, but comes with a sets of parameters 'ready to go' for those who want to get started quickly, but still leaves plenty of room for those who want to experiment, customize or fine tune (and it has a dedicated forum, too).
Elektra has been developed to a stage where it becomes necessary to have a set of bundled instructions, if it is meant to be useful for somebody other than the developers.
Pretending that anyone who has a particular question about Elektra should work his way across the entire huge thread which is going on for several years now, is neither realistic nor acceptable for a paid subscription (at least not for me, though I DID work through the whole threat, which was a pain, and didn't answer my questions anyway).
Though I understand the difficulties of managing a big forum like this one, it could be as easy (at least I hope it's that easy) as putting all the relevant stuff on the very first post of this threat, together with the latest version of Elektra (my suggestion).
ChristophHi, where can I download the Newdigital.set?
I am focusing on EUR/USD, and testing Electra for the period 1. Jan 2009 to today 28. Jul 2009. If you have a parameter set which could produce a reasonable result from Electra 1.17, I would like to tray it.
Many thanks
It is on this page: https://www.mql5.com/en/forum/178196
Trend indicator
Hi All,
Can anyone tell me where I can find the arrow trend indicator used in the Electra EA.
Thanks in advance
I do not know ...
it is inside Electra. It is not separated from EA.
Arrow trend indicator in Electra
Hi All,
Can anyone tell me where I can find the arrow trend indicator used in the Electra EA.
Thanks in advanceHi, redk66,
It is coded in Trend Detection, Comment section & function "TrendArrow" as below : (extract from the original source code)
//============================= Trend Detection =============
double MA1=iMA(NULL,PERIOD_M5,MAPeriod1,0,MODE_SMA,PRICE_MEDIAN,1);
double Close1=iClose(NULL,PERIOD_M5,1);
int M5Bars=iBars(Symbol(),5);
if (M5Bars<200)
{
if (TimeCurrent()>TimeStart+DataTimeout)
{
Print(" Less than 200 bars of data on M5 Timeframe!!!. Execution stopped until data arrive.");
TimeStart=0;
}
Comment("\n Waiting to load M5 Data, We need at least 200 bars of data to run the M5 Moving Average Indicator");
return(0);
}
if (Close1 > MA1) {M5_Trend="UP";}
if (Close1 < MA1) {M5_Trend="DW";}
...
...
...
//========================== Comments =================
...
...
...
ObjectSetText("has_1",Symbol()+" TREND",10, "Arial Bold", LightBlue);
ObjectSetText("has_2","_______________",10, "Arial Bold", LightBlue);
ObjectSetText("has_3","H4 Trend:",10, "Arial Bold", CadetBlue);
TrendArrow("has_31",H4_Trend);
ObjectSetText("has_4","H1 Trend:",10, "Arial Bold", CadetBlue);
TrendArrow("has_41",H1_Trend);
ObjectSetText("has_5","M15 Trend:",10, "Arial Bold", CadetBlue);
TrendArrow("has_51",M15_Trend);
ObjectSetText("has_6","M5 Trend:",10, "Arial Bold", CadetBlue);
TrendArrow("has_61",M5_Trend);
...
...
...
//
//=================== Chart Trend Arrow ======================
//
void TrendArrow(string objname, string trend)
{
if (trend=="") ObjectSetText(objname,"?",9,"Arial Bold", Yellow);
if (trend=="UP") ObjectSetText(objname,"\xC7",10, "Wingdings 3", Lime);
if (trend=="DW") ObjectSetText(objname,"\xC8",10, "Wingdings 3", Red);
}
Hoping I am not wrong & these can help you.
Nomura
data feed error?
Hi,
Can anyone tell me how this could have happened (see image). Could it be a data feed error? I have heard of those but never seen it.
I was demoing Electra (fortunately), when this morning I saw a sudden loss of 3,500 EUR. It was, because the price of USDSGD read a value of 1.00020, which in reality never had existed.
I ask myself concerned, if this can happen in reality. And if it does, will you get your money refunded??
Speechless..
Christoph
For my opinion - yes.
Because I saw some spikes on NZDJPY when this EA won 30,000 pips by one trade
because of spike.
Of course, it is broker's data error.
I do not think that it will be happened with real accounts.
But if yes - so it may be the good reason to speak with the broker about it.
Just an illustration to this talking aboit spikes in data.
It is example for right now with DayTrading3 EA https://www.mql5.com/en/forum/176044
We can see on the image the price value for opened order:
Hi,
It would be nice if somebody tells us something about the Electra settings used in the RAS signal. It seems to perform pretty well there.
Christoph
Which settings of Electra I am using for RAS?
Same settings which I posted here on this thread somewhere.