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Thanx once again for your prompt reply to my question, and after reading this thread I would like to say and hope all join me in saying that your beta tester support is of the highest care for all concerned, regardless of their own experience of lack of experience, you always reply with an answer and respond to challenges promptly and positively.
Kind regards
Kitt
Kitt
Thank you for the input here.
I am well known for supporting all of my products and realize that support is as important as a winning EA.
There is always room for improvement on any EA and through support and addressing concerns is how things always get better.
Again thank you
Bernard
__________________
" Those that say it can not be done should leave those that are doing it alone "
I have re-downloaded the fixed version, and installed it into Interbankfx's platform. It still crashed down. But when I put this fixed version into MT4 platform of metaquotes, it worked fine?
Why did this problem exist in mt4 platform of interbankfx, but not in mt4 platform of metaquotes? Could you please kindly double-check? Thanks.
By the way, yesterday night (Vietnam time), I tried your newest version of Eurusd, M30 on metaquotes' mt4 platform, it placed 3 trades.
At first, it made some small losses (around 15 pips/trade) during Euro session, then, in New York session, it turn 3 losses into 3 winners with around 55 - 65 pips / trade. Then, when I woke up this morning, all winning trades became complete losses (3 trades x - 50 pips = -150 pips), and burnt my account. I opened a mini account of 1,000usd only.
From what I see here is that:
1. This newest version does not have trailing stop in it.
2. This version does not have "breakven" and "Profitpiplock" option in it, either.
If these functions are added into this newest version of Eurusd, M30, all trades could finally secure some profits, even the market reverses at the end.
Of course, the traders' target is to ride the trend until it ends at the end, but their main purpose is to secure at least a minimum profit each day continuously and consistently so that each month, they can get a minimum pip target.
The users have the option/choice to input their desired pips in "trailing stop", "breakeven" and "Profitpiplock" functions.
+ About the usage of your EA on Daily chart, I have just double-checked your indicator on Daily chart (even 4h chart as well), and found that it can avoid fake moves and fake breakout, and could run the strong trend from hundred pips to even thousand pips (especially on Gbpjpy, Eurjpy, and Gbpusd). So, your extensive testing of the other version on Daily chart is very good, and needed. You can separate your EAs into 2 different kinds:
a. Intraday trend : using a version on M30 or H1
b. Long-term trend : using another version on H4 or Daily.
I found it very interesting to forward-test your EA and give some of my thoughts so that we can improve this "Excalibur" EA to be a winning EA in the long-run time, and it can survive under all market conditions (flat, choppy, and sudden, strong trend conditions).
By the way, please kindly check why it crashed down when using MT4 platform of Interbankfx.
Thanks and regards,
James
James.
No idea what so ever why the Interbank crash as I run their platform everyday here and my live accounts are with them. I have tried and tried to duplicate this crash but can not here. Might be a windows issue not sure. Will continue to look into this issue here.
Interesting situation.
Three trades lost 15 pis so that means that the trailing stop moved from the 50 pips position through the trailing stop so this must have worked. Then it open trades went into winning position then lost.
Here are the current setting in the EA and are set to take out max pip. Testing has shown it works fine but does create losing trades.
InitialStop = 100; Should be this high as we do not know the pips spread at times and it can go as far as 50 pips on a trade so we do not want to be out before we are in..
TakeProfit1 = 1000; Set high to allow Trailing stop to control profits. TakeProfit2 = 1000; TakeProfit3 = 1000; PendOrdGap = 30; ExpirationMin = 43200; Some servers do not like this setting. Will set this to 1440 BreakEven = 200; Breakeven Problem here is that it should have been set the same as the Profit4Start. Information conflict here for sure. Will fix this today and change the setting to something more workable.
string _tmp4_ = " --- Trailing section ---"; bool UseTrailing = true; Profit4Start = 300; Problem here is that it should have been set the same as the BreakEven. Information conflict here for sure. Will fix this today and change the setting to something more workable.
TrailingStop = 100; Set too high as well for the 30 m chart.
Hope this explains some of the settings here.
I have been working the past few days on the daily charts and believe that although they take days,, at times, to make a trade they will provide a more profit in the long run.
I have seen also in the daily charts that there will be times, when a manual decision, has to be made to close out a trade, when in profit, in case of a large reversal before the trailing stop kicks in.
Currently although the Breakeven is there and the profit lock I have allowed the Trailing stop to control the decision and raised the other to a higher setting. I will test out some different settings here and change the current ones.
On Nov 19 th I took 300 pips with the new EUR/USD EA and then lost three trades at 45 pips each or a total gain of of 155 pips all over.on my live account. If I had closed out the losing trades manually I would have made all around on the trades. Decisions, decisions. Lots of fun and I enjoy it.
To Success
Bernard
__________________
" Those that say it can not be done should leave those that are doing it alone "
Last edited by Pheniox; 11-21-2008 at 05:25 PM.
Reason: Changed explaination
I can program an separate EA for that broker but think that I would end up doing this for all the other brokers.
Currently I am using IBFX and FXDD as my live account brokers and as my demo brokers.
I a, also programming the EA under their trading platforms.
I am currently concentrating on the daily charts as they show more long term promise, and can surrender us hundreds of pips instead of a few here and there.
Although the daily charts may take days, to receive a signal, then place a trade, I would rather wait for a good signal instead of one that I might have to worry more about.
Having said this I still need the incoming data from all beta testers using the other charts to make the final EA as good as possible.
I have attached a version of Excalibur V3 here that will allow you to change the stoploss on your end. Is is for the EUR/USD 30 m chart only.
Let me know if it works properly and what you set the stoploss at for that broker.
To Success
Bernard
Hi Pheniox,
sorry bit late but I'm very busy.. Thanks for your EA with stop, I ran it 24/7 on a VPS.. I began trading with this EA about 3 hours ago with SL 500 points (50 pips) on my 5 digit broker (Alpari.co.uk) with a 3000 $ demo account but it didn't take a trade until now.. But we'll see.. this thread is very exciting and I'm very confident about this EA.. thanks to all for your grat and hard work..
I would be most pleased to beta test the Excalibur. I have two live accounts, one at FXDD and one at FXCM. Obviously, can creat Demo accounts. Which version should be downloaded and where can it be found? Thank you, JohnO, 66Trader66.
I just setup your EA to test next week on two 5 minute charts - USD/JPY and EUR/USD.. the EAs i'm using are from your NOV. 14th archive.. look forward to seeing how it goes.. it's a $5,000 metatrader demo account
- EDIT -
I changed my mind about the 5 minute charts with the Nov. 14th EA.. This evening - Nov. 25th - I started the EURUSD 30 Minute EA Nov. 24th version I believe it is.. on 30 minute chart of course.. along side another EA running on two other different pairs, but it'll be clearly seen how your EA did because the other pairs are EURGBP and EURCHF and aren't gonna be taking tons of trades..
I would be most pleased to beta test the Excalibur. I have two live accounts, one at FXDD and one at FXCM. Obviously, can creat Demo accounts. Which version should be downloaded and where can it be found? Thank you, JohnO, 66Trader66.
John
Welcome and thank you for taking the time to participate here. This may be a fairly long project but our mission is to produce a great EA that works more than a month at a time.
You can download the newest version on the first post her and I always update that page with new revisions so it is easier to find them..
I just setup your EA to test next week on two 5 minute charts - USD/JPY and EUR/USD.. the EAs i'm using are from your NOV. 14th archive.. look forward to seeing how it goes.. it's a $5,000 metatrader demo account
I've been reading this thread during these past days.
I think I am ready to move a step forward and do some testing.
I will test it on a $5000 Demo account from under ForexMeta and some other, under different currencies and timings, but as suggested not below the 15-minute one.
As soon as I have them, i will send the first statements.
Please keep us updated as to your results on this project here.
Bernard
Thanks - I see you have an updated version but it's not available for download yet because it has to be moderator approved.. I plan to post the results of your EA next week on Friday..
Linear Mode
