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One could always reduce MaxTrades, couldn't they? Also, I think all of these EAs should either be left out of the market during big news releases, or they should be monitored extremely closely during them.
Last edited by Yoda_Glenn; 02-10-2007 at 12:51 PM.
One could always reduce MaxTrades, couldn't they? Also, I think all of these EAs should either be left out of the market during big news releases, or they should be monitored extremely closely during them.
Yeah one could change the Max Trades, but then the results could change so testing would be needed to see how the difference is.
Also, this type of EA isn't really designed to be pulled out of the market around news announcements because of its grid-style trading. Plus with the 100+ announcements that could come out in a given week and that 20-30 could move the market at any time due to large deviations, one would need to monitor the system 24/6 which isn't something i would want to do
Hi abrs70,
You're a senior member here and your contributions are also extremely helpful. The EA that you've been working on was also a super one. It's understandable that it was under testing phase and you were performing the various tweaks etc. This EA has much more potential compared to so many other EAs/systems available. Please come back with the refinements.
Thank you for sharing your knowledge. I tested your ea some weeks. My result is use only 1 order InSL 15 TSL 10 TP 8. I write the message the second time as the manage attachment button always cause a breakdown of my browser. I will try to attach the orderbreakdown later. It looks to me the procedure can be one order at 06:45 CET. I could not find a reason for the the Team EA. karl
I am testing this EA for 24 hours only and it produced $914 gain . I use default settings except I set max trades to 5 on each chart and initial lot size 0.1. MM is off. I attached it to $10K demo. Max drawdown today was around $300, which is fine. Max position opened was 1.6 lot.
I am aware this EA can be dangerous but I also think that if properly used can bring great gains.
I would like to know more about how the settings work because right now I am just guessing.
If anyone has any experiences or some documentation, please provide it.
It is pretty funny to look at its performance and after some time I would like to test it on live account with micro lots.
instead of waiting, you guys can use the original 10points3 and try to make modification.
Maybe it does not need any modifications. I am ok with the way it works now. I would just like to know how to stop opening new positions because I think we need to get out of the trade before major news releases.
I noticed it prints out some variables on the chart. One of them is "Continue opening = 1". I think it means that once some position(s) is closed it opens another one. I would like to set the EA just to wait to close open position and not to open a new ones.
It is because if it is for example NFP Friday I would like to get out of the trade during Thursday night, if possible. If not then close all trades even with small loss. I can swallow $200 loss when it makes me $500 - $1000 per day. After NFP release I would switch the EA back on.
Also, I think it might be good to run this EA late NY session till beginning of London session. European and USD currencies are reasonably calm during Asian session and that is what this EA needs - just my opinion...
The reason we're here is to optimize the settings, not posting the best setting for you. If you already have the holy grail, please post it, if not, do not post this kind of crab! You're putting everybody down with that word. Try to imagine, if everybody test with the same settings, what is the purpose of redundant data?! Please do your home work, and contribute to the forum.
Meanwhile, the new EA has to be very hard on codings, give me a little bit more time. I hope I can give you guys a good solution by then. Good trading
Regards,
David
I'm with you...
What is it with these people having under 10 posts bashing threads?
any ways...try these settings...
max trades 5to7
target 18-23
pips 25-30
I'm not testing but it sounds like its similer to bipoler. And I ran terminater in the same manor. Those variances of settings have shown me to do well over a 3 month forward testing range starting in nov.
I am all tied up in bipoler, but I thought you could use a good starting point for settings.
. I use default settings except I set max trades to 5 on each chart and initial lot size 0.1. MM is off. I attached it to $10K demo. Max drawdown today was around $300, which is fine. Max position opened was 1.6 lot.
Linear Mode
