Quote:
Originally Posted by newbestco
Hi Bernard,
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
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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
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