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What would you propose to improve this wonderfull ea, without the MA filter idea that i don't like because it would obviously change the ea logic and reliability, i'm sure of that.
Any idea would be interesting indeed.
My personal idea of improvment is : bigger balance per pair, nothing else really...
Hi Alex,
last night I thought about some critical issues.
I think we are all aware that the EA comes into critical territory if a pair ranges and we are on the wrong side (Long/Short).
How to avoid that?
One way would be to make sure that we are on the right side. How? Don't know yet but it is worth to think about it. Maybe with Choppers approach?
Another possibility could be to avoid ranging pairs but that is easier said than done.
One parameter to look for such pairs could be the daily average range. The lower the better, which has to be proofed.
Another question is how to keep the levels in a reasonable order?
I think this is the basic question.
Chopper and I are the opinion that it would be at least worth a trial to implement the MA-crossing. With a good setting it would be possible to keep the EA in a good balance, meaning that the original idea of it is still valid but with some small limitations.
Other possibilities that I see are to play with the higher GridSets (go with GridSet3 to 200 for example) or experiment with the SetCount's. Probably it would be a good idea to reduce Set2Count.
But these are just some thoughts and I have no experiences with these settings. Iron maybe you can help us out with that.
Thanks Antomi
I'm not sure to understand what you mean by ranging pairs ?
From what i observed so far, the ea is also profitable when a pair is ranging, the risky territory imo is when we have very strong trends that last for hundreds and hundreds pips without retracement. What we lived in october 2008 is risky.
Quote:
Originally Posted by Antomi
Hi Alex,
last night I thought about some critical issues.
I think we are all aware that the EA comes into critical territory if a pair ranges and we are on the wrong side (Long/Short).
How to avoid that?
One way would be to make sure that we are on the right side. How? Don't know yet but it is worth to think about it. Maybe with Choppers approach?
Another possibility could be to avoid ranging pairs but that is easier said than done.
One parameter to look for such pairs could be the daily average range. The lower the better, which has to be proofed.
Another question is how to keep the levels in a reasonable order?
I think this is the basic question.
Chopper and I are the opinion that it would be at least worth a trial to implement the MA-crossing. With a good setting it would be possible to keep the EA in a good balance, meaning that the original idea of it is still valid but with some small limitations.
Other possibilities that I see are to play with the higher GridSets (go with GridSet3 to 200 for example) or experiment with the SetCount's. Probably it would be a good idea to reduce Set2Count.
But these are just some thoughts and I have no experiences with these settings. Iron maybe you can help us out with that.
I think we are all aware that the EA comes into critical territory if a pair ranges and we are on the wrong side (Long/Short).
You are wrong on this. You WANT a ranging market/pair, since it takes
very little movement to meet the take profit. Trending is what gets you
into big DD problems, due to the multiple open orders.
The reason I chose usdjpy was because it has nice price chop, but
doesn't trend as much as other pairs, such as eurusd.
hi everyone,
As soon as I started trading USDJPY i hit the biggest DD and the ea closed my first 2 orders because of the equity protection.
I was getting very frustrated but I've found a solution that as soon as my other TPs got hit I've started disabling the ea on those pairs and reducing the portion size to give alot more breathing room on USDJPY. and now I have set portion 1 on my USDJPY, so waiting for it to get flat. Wish me luck! I hope one will use the suggested solution when you get big DDs.
You are wrong on this. You WANT a ranging market/pair, since it takes
very little movement to meet the take profit. Trending is what gets you
into big DD problems, due to the multiple open orders.
The reason I chose usdjpy was because it has nice price chop, but
doesn't trend as much as other pairs, such as eurusd.
Rob
Hi,
your are both (Rob, Alex) right of course.
Instead of ranging I mean trending. Going up or down many pips.
Sorry for the confusion.
hi everyone,
As soon as I started trading USDJPY i hit the biggest DD and the ea closed my first 2 orders because of the equity protection.
I was getting very frustrated but I've found a solution that as soon as my other TPs got hit I've started disabling the ea on those pairs and reducing the portion size to give alot more breathing room on USDJPY. and now I have set portion 1 on my USDJPY, so waiting for it to get flat. Wish me luck! I hope one will use the suggested solution when you get big DDs.
Good idea, Togu. I portion out usdjpy at 1, for the most breathing room.
If you check the average daily range, you will find that eurusd has more
pip movement than usdjpy. The ADR indicator is a great tool, since it
will show you, instantly, what the range has been for specific periods.
I've said it before....Blessing autodetects the brokers decimal. If you are a programmer, you can see in the init section that it looks for Digits of 3 or 5 which are 5 decimal brokers. If it detects a 5 decimal broker, it will set everything correctly for you! No need to add a zero in any of your grid numbers!
v/r
Quote:
Originally Posted by tonyd
This question on 5 decimals has been asked a couple of times now but no one has answered it. If I am using a set file called "eurusd m240 4 decimal.set", this suggests it is set up for 4 decimal brokers and there is a 5 decimal file somehere. I would appreciate if someone could answer this.
This is the best EA I have ever used. 10k to 26K in 4 months on the eurusd only. Big thanks to all.
__________________
Jeff J Talon Associates Investment Management
hey togu
What was the balance you were using on usd-jpy when it happened ?
Quote:
Originally Posted by Togu
hi everyone,
As soon as I started trading USDJPY i hit the biggest DD and the ea closed my first 2 orders because of the equity protection.
I was getting very frustrated but I've found a solution that as soon as my other TPs got hit I've started disabling the ea on those pairs and reducing the portion size to give alot more breathing room on USDJPY. and now I have set portion 1 on my USDJPY, so waiting for it to get flat. Wish me luck! I hope one will use the suggested solution when you get big DDs.
Linear Mode
