Hi John,

On metatrader chart go to tools/options/expertadvisor/and then check allow dll import and that should take care of that problem.I am daily automatically getting a file posted in metatrader/expert/files that when I open it goes directly to the economic calender, so apparently the getnews indicator is doing this.

John,
As a rule, when do you shut off the ea and start closing trades prior to significant morning news reports? Also, do you do this with all red flag news on the Forex Factory Calendar? Since there is red news almost every day affecting the $, the ea would be off 50% of the time? I shut down and closed orders for the red news this morning, and even though the projected numbers for the report were off significantly it didn't affect the market much at all.
I realize this manual part of trading the 10.3 ea's can be a art in itself, just wanted some insight on this from a seasoned trader with this ea.
Thanks!! Mike

Here is my closed positions since monday morning on my real account.

Since I cannot really evaluate news impacts on those, I hope someone might help me.

Attached Files

post-20070116.htm (22.4 KB, 151 views)

__________________
If God doesn't exist in our world, then I will create God with my own hands!
Krelian - Xenogears

Once a month I intervene manually and that is prior to NFP and as previously posted I disregard all news announcements other than NFP. If an EA needs manual intervention it is not for me, in earlier testing I used to manually close down prior to the weekend but now I do not. I have been trying to set Turnip to activate for news events but more as an exercise rather than to actually use it.

Over the past year it seems that there has been a concerted effort by brokers to prevent the average trader profiting from news events. There has been a widening of spreads, an increase in slippage, false spikes and busy signals preventing trades. Spikes and retracements work in this EA's favour often allowing a trade to be successfully completed.

I believe that it is totally counter productive to close down this EA over news announcements and my forward testing over the past 5 months has indicated this. The argument that back testing does not properly show news activity may be correct I do not engage in back testing preferring to forward test. In my opinion too much has been said that has not been adequately researched on the negative effects of News Trading and 10points3.

I have no wish to get into a debate over this subject, I have formed my own opinions from forward testing and have outlined them above, it is up to the individual to decide on their own course of action in regard to all aspects of using any Expert Advisor.

John

Thanks John,
I'm sure I'll form by own method of trading with this ea over time, actually i'm trading bipolar now but from my testing it does not appear to react any different on fast moves. I'm not looking for a debate here, I know you have alot of experience testing this ea and appreciate your opinion.

I have been forward testing RMI since the begining of last week with stellar results, the test has been done only on EURUSD and todate it has not missed direction and needing the second progression only once.

I used MM1 with Risk4 on a demo account starting with $7000 and the trades started at 3.0 and progressed up to 6.0 when I reduced the Risk factor to 1 resulting in the next trade being 2.0.

As far as Turnip is concerned I have stopped trying to make it accept the GetNews I have had too much hassle for just an experiment because clearly I did want to actually trade the news. Turnip before the news experiment was also a disaster it never opened a trade over the 2 days it was on a platform.

But RMI is another story and for EURUSD works very well but I have heard of others who did not have such good results using other pairs.

John

Attached Images

RMI#2.gif (4.6 KB, 195 views)

Attached Files

RMI#2.htm (11.2 KB, 96 views)

Do not use turnip or turnip (news) neither one is working correctly.


tools

Hello,

I would like to test 10 points3 with this indicator but don't know which and where is the good version with RMI (the one which works wekk with you).

Can you help me ?

thanks in advance.

Because there have been so many posts on RMI and also about the indicators it is hard to find a post which covers all so I am reposting the version that I am using as well as the indicators needed.

My settings are here and am only using EURUSD
TakeProfit=40.00000000
Lots=0.05000000
InitialStop=0.00000000
TrailingStop=25.00000000
MaxTrades=5
Pips=15
SecureProfit=20
AccountProtection=0
OrderstoProtect=0
ReverseCondition=0
EURUSDPipValue=10.00000000
GBPUSDPipValue=10.00000000
USDCHFPipValue=10.00000000
USDJPYPipValue=9.71500000
StartYear=2005
StartMonth=1
EndYear=2050
EndMonth=12
EndHour=22
EndMinute=30
mm=1
risk=1
AccountisNormal=1
MACD_fast_ema_period=14.00000000
MACD_slow_ema_period=26.00000000
timeperiod=240.00000000
timeperiod2=30.00000000
Par=10.00000000
CountBars=300.00000000
Length=14.00000000
Length2=7.00000000
Smooth=5.00000000
MASmooth=0.00000000
RMIPeriod=14.00000000
MomPeriod=5.00000000
Magic=10201

You may notice that I have included VHT not v.1 and that the code has been adjusted to open VHT. At the time I did not have v.1 but the original one is working fine.

Just a word of caution my RMI has for the first time needed to progress to the 3rd level and currently is showing a floating loss of $1236 and what worries me is that the progression started with 2.0 units then 4.0 but now .4 so I will be watching this progression very carefully.

John

Attached Files

	Center of Gravity2.mq4 (2.2 KB, 137 views)
	RMI.mq4 (4.4 KB, 141 views)
	VHF.mq4 (1.9 KB, 145 views)
	10points_3_dynamic_stop[v2(RMI]..mq4 (11.7 KB, 238 views)

Sorry to keep this, John, but cannot avoid questioning the fundamental diferences between forward and berckward testing, for the news. Anyone can clarify that? As there are a significative amount of work towards news, it is important to know the exact flaws of testing.

__________________
If God doesn't exist in our world, then I will create God with my own hands!
Krelian - Xenogears