PolyFitScalper - page 35

 

Improved version of PolyFitScalper_v1.59_noHedge EA with FXCM broker: new settings

I am trading EURUSD, GBPUSD, USDJPY, USDCHF, EURCHF, GBPJPY and GBPCHF.

It is the statement:

============

- For PolyFitScalper EA all the versions, to download settings and so on: https://www.mql5.com/en/forum/179816

- improved version of PolyFitScalper_v1.59_noHedge EA with new settings is on this post.

- what is sigma/risk and which values to use (safe, medium and risky settings): https://www.mql5.com/en/forum/179781

- the setting/input for settings for Alpari UK, LiteForex and MB Trading (and any other broker): https://www.mql5.com/en/forum/179781

- 1.58 and 1.59 versions with the settings: https://www.mql5.com/en/forum/179781/page4

- 1.60a version of the EA is on this post.

- PolyFitScalper_v1.61_noHedge EA is on this post: this version using Daily HiLo Jurik Smooth only taking trades in direction of breakout if in agreement with Daily HiLo Jurik Smooth.

- v1.7.3 version with cfb indicator is on this post with this settings.

- old statements for 1.57 version, EURCHF with sigma = 2.8: this post.

- old statements for 1.59 EA, moderate settings: this post.

- old statements for 1.59 EA, agressive settings: this post.

- old statements for 1.60a EA, moderate settings: this post.

 

PolyFitScalper_v1.59 EA: moderate settings

It is the moderate settings for this 1.59 version of the EA.

I am trading EURUSD, GBPUSD, USDJPY, USDCHF, EURCHF, GBPJPY and GBPCHF.

It is the statement:

============

- For PolyFitScalper EA all the versions, to download settings and so on: https://www.mql5.com/en/forum/179816

- improved version of PolyFitScalper_v1.59_noHedge EA with new settings is on this post.

- what is sigma/risk and which values to use (safe, medium and risky settings): https://www.mql5.com/en/forum/179781

- the setting/input for settings for Alpari UK, LiteForex and MB Trading (and any other broker): https://www.mql5.com/en/forum/179781

- 1.58 and 1.59 versions with the settings: https://www.mql5.com/en/forum/179781/page4

- 1.60a version of the EA is on this post.

- PolyFitScalper_v1.61_noHedge EA is on this post: this version using Daily HiLo Jurik Smooth only taking trades in direction of breakout if in agreement with Daily HiLo Jurik Smooth.

- v1.7.3 version with cfb indicator is on this post with this settings.

- old statements for 1.57 version, EURCHF with sigma = 2.8: this post.

- old statements for 1.59 EA, moderate settings: this post.

- old statements for 1.59 EA, agressive settings: this post.

- old statements for 1.60a EA, moderate settings: this post.

 

Hi All.

I have this EA working well on Alpari UK but can't get it to work on Gomarkets with the same settings . I am getting "ordersend failed with error #0".

Can anyone help??

Files:
polyerror.jpg  339 kb
 

Check indicators (EA is using indicators) - do you have them in indicators' folder? Check EURCHF_M1.txt file (do you have it in files folder)?

Latest fixed version is here with the settings:

https://www.mql5.com/en/forum/179781/page10

(with ECN and non-hedge settings with 0.01 lot size starting) - check also - may be your broker is ECN/stp.

How to know?

Open any trade manually with stop loss and take profit - if you an not do it by one action - so you broker/account is ECN/stp and you should use ECN = true settings with non-hedge.

 

Besides, if everything is fine so EA is trading mainly at night so wait for tomorrow.

 
newdigital:
Check indicators (EA is using indicators) - do you have them in indicators' folder? Check EURCHF_M1.txt file (do you have it in files folder)?

Latest fixed version is here with the settings:

(with ECN and non-hedge settings with 0.01 lot size starting) - check also - may be your broker is ECN/stp.

How to know?

Open any trade manually with stop loss and take profit - if you an not do it by one action - so you broker/account is ECN/stp and you should use ECN = true settings with non-hedge.

Thanks Newsdigital.

I think my broker might be an ECN.....stop loss and TP are greyed out.

I have changed to "ecn true" ..will see if that works.

Files:
ecn.jpg  189 kb
 

Yes, it is ECN (and non-hedge).

 

On 1.59 new version stop loss is not working. I think that using martingale the stops are ignored.

 

I hope you do not mind that I will explain this :

_________________________

Martingale must ignore stop loss. Stop loss can prevent martingaling order from being executed properly (for example, previous orders could be closed and the whole martingaling calculation then falls into an error - hence the stop loss needs to be ignored) So it is done on purpose. Using a 1.5 as multiplier makes it a kind of "soft" martingale (in order to prevent to much risk)

_________________________

While talking about martingale, it occurred to me that no one happened to notice one obvious way of using martingale :
Everybody claims that martingale is very risky. I might agree or disagree with it, but if we have a "reasonable risky" martingale with a good return than why do not we calculate in that we are going to lose an account. The idea is simple :
- lets say we start with 1000

- it makes us 1000, withdraw it - we are at 0 now

- it makes us 1000 more, withdraw it

- it gets margin called - we are still at gain (1000)

Continue the same way.

If the "reasonable risk" is what happens rarely (let say once a year) than the math is rather simple. If not, than no MM will help. The risk of getting margin called at first step is the one that we have to deal with additionaly (that is the only "real" risk)

Anyway, that is just an idea how martingale can be used in a bit different way (with a "I will lose my account sometimes") but that way can be used on any other MM (it is a part of MM - MM without withdrawal is not a MM in my opinion).

regards

mladen

fmonera:
On 1.59 new version stop loss is not working. I think that using martingale the stops are ignored.
 

Yes, I agree: it is usual scheme how to deal with martingale - withdraw profit in often way.

Polyfit with martingale settings is not placing stop loss. Of course - there is some stop or exit coded inside this EA (in "hidden" way).

Reason: