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Hi there ...

Why dosnt the EA open no positions?!

I tried to set all of settings as your offers.

Hello there! What's your broker, timeframe, etc? Can you send me a couple of screenshots? And what message do you get in the "Expert" tab or journal? The EA should trade very often. Thanks!

Thanks for your reply!

I tried it on 4 different brokers on both Live and Dmeo acounts, all in M1 timeframe. Any other timeframes have errores!

The errors in journal are almost the same. Something about modifying the orders, SL-TP or off quotes.

Should I change the default amount of slippage or spread?

OK, the first and second screenshot: I don't know what your broker is trying to do, because BitDooZER do not use Stop-Loss nor Take-Profit. I don't understand why you're getting an error when trying to modify the SL/TP when BitDooZER doesn't use those. Are you sure those error messages are from BitDooZER?

The second screenshot, the default maximum spread is $7.01 and in your screenshot you have a whoping $50 spread. That's a lot!

Finally, there should be a maximum of 5-10 trades per basket. I don't understand why you're reaching the maximum orders. Either your broker has a very low limit or you're running multiple EAs on the same account.

Anyway, all these things make me think that you don't have a reliable broker. Which brokers are you using? Please use reputable brokers, otherwise you're going to have a lot of executiion errors because they have abusive spread, a lot of slippage, strange order and stop limits, and whatnot.

Unfortunately in our region we don't have any good option for a good Broker!
The first and second screenshots are from IFC Markets and Alpari Brokers.
I opened a new account in Amarkets Broker that its spread for BTCUSD is about 10-14 pips.

At this screenshot you can see that I opened a position manually, but the Expert cant open any order!

Thank You

Yes, the error is coming from the EA because it can't place any order because the limit has been reached. Are you using another EA in your account? The error 148 happens when there are already too many open orders/pending orders and the limit has been reached. This is the explanation of the error: " OrderSend Error 148 or ERR_TRADE_TOO_MANY_ORDERS is a frequently appearing MetaTrader 4 error message, especially if you are trading on some demo/real contest account. The error means that you are trying to place an order or open a position when the maximum number has already been reached". Ask your broker what the order limit is, or if you're using any other EA along with BitDooZER then use BitDooZER alone. I mean, there's not much I can help you with - it's a limitation on the broker's side - it won't let the EA any trade because the limit has been reached.

Hi Carlos, 

I'm keen to try BitDoozer! I've downloaded the set file from this link: https://www.mql5.com/en/blogs/post/750740

Would this be the latest set files you have for BitDoozer?

Also I noticed in your screenshot that you're using ICMarkets. Which account would be best to use for BitDoozer, raw or standard?

Thanks!

Hi Jean,

Glad you're interested in trying BitDooZER. Yes, the setfiles you have are the latests. There's no big changes in the parameters unless there's a major change in the EA, which so far has no big changes.

With regards to the broker account, I definitely recommend the Raw Spread. It doesn't matter if you pay a commision in cash, but the get the best results with BitDooZER (and I'd even say with any Expert Advisor) the spread has to be as tight as possible. It's not only a feeling or an opinion, but I also tested BitDooZER and DooZER with both the Raw Spread and Standard accounts, and the results were much better in the Raw Spread.

Good luck!

hello,

will the bot work on BTCUSDm,M1 charts . it showed a notification that BTCUSD is preferred.

Hello,

Yes, it should. The EA shows a warning in case the currency pair is different to the intented, and because the pair is called "BTCUSDm" and not the usual "BTCUSD" then it throws a warning, but it's just that, a warning. Make sure to check the spread, and see if it behaves like the "regular" BTCUSD. Good luck.

Works for one of my brokers as expected: Vantage MT4 ECN account, Leverage 1:500

Feel free to use my affiliate link if you want to sign up: https://www.vantagemarkets.com/forex-trading/forex-trading-account/?c=BbkUDS0B90+xOIq0+FrhPg==

Please consider the minimum deposit of 5000 USD not only as recommendation! It will also work with less money (if you are after a stop-out, go for it ;))

A start of 0.01 lot "usually" (with no real spikes in the chart) will only use a few bucks of your margin with the 5th or 6th position being around 0.05 lots closed with around 5 USD in plus - but be warned, if things go wrong you might blow up your account. 

My settings: Please note that I needed to set the max spread to 3000 (your setting may vary, check spread in Market watch window on MT) - otherwise it would not open any trade (slippage does not matter for this type of account, just increased it to be on the safe side).

Remark: I usually work from home so I sit in front of my computers. My other EAs are running on a VPS - BitDozzer is running in foreground locally to have the possiblity to press the "Pause EA"/"Break Even" or even "Close All"  button ("Pause EA" will finish the current bucket but not open a new bucket afterwards). I run it every day but never unattended, except during weekends. Several longer  candles in a row can can indicate increased volatility which might lead to more open positions.

In addition I use "PZ Supertrend Indicator" and sometimes RSI on the same chart as sort of early warning system to pause the EA. Avoid running this EA during high volatility periods with strong trends. I blew up a 5k Demo account because I endet up with too less (virtual) funds a a total amount of 3.8BTC value positions in the wrong direction!

Beside this one of the best EAs (easy to use, great results with proper setup).

Do your own backtest - BTCUSD is very risky and technical analysis will show up with same results as you role dices ;)

hi why i have the spread on 7.1 
stil i get this message

it seems test only positive h1 btc 

m1 wil blow the account 

Hi, Carlos.

I've downloaded your bot and set the correct timeframe, but don't see any trades being placed. I don't have any other pair connected to any other EA too. I also viewed the comments and now understand that the bot only works with certain official brokers, I downloaded the vantage broker version of mt4, would that broker work with bitdoozer? Do I need to tweak the input settings here?...