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Well here is the program entirely re-written. DO NOT TRADE WITH THIS LIVE.
You may demo trade if you wish. Basically, I rewrote the 10points3 code from scratch. I took out a lot and cleaned up the 10points3 code. I also added a new function called marketQuality. This is the basis of the entry and the exit of the program.
Right now I have a simple RSI script in there, but it clearly doesn't succeed. If any big runs happens it'll fail.
I plan on adding a lot of intelligence to this.
Test it out demo if you'd like and. Let me know what we can add or subtract.
What are some good indicators that are true to direction real time?
EDIT: This has no T/P or S/L because it uses indicators to open and close the orders.
I think to make a truly successful EA we'll need to make more of the variables dynamic. It needs to adjust with the market or it will always fail. The TakeProfit and the PipStep may need to be dynamic depending on the market volume and trade volatility. It would also probably make sense to program in a conservative money management so we can avoid having everyone tinker with the maxtrade variable. The maxtrade variable can then be dynamic based on account balance.
thanks for this EA, as promised I have loaded it and will report its progress.
Loaded on to a EURUSD M30 chart with all default values it opened a long trade almost immediately. The platform is IBFX Mini and the account value is $250 the EA opened a trade at .1 lots.
Usually I have found GBPUSD to be a dangerous pair for 10p3, do you recommend giving this EA a good work out by adding that pair?
Never had a 10p3 modification EA that when 9 pips down closed off and reopened in the other direction. This new EA is certainly different I can't comment about the coding but it is totally apart from the original base EA.
Early days but am keen to see how it eventually profits, will it include the previous loss into the progression or will it be considered as a bail out and the new progression start off with the second trade? Time will tell.
Hi John,
Thanks for the heads up !
I'm locked and loaded.
Mark
Quote:
Originally Posted by yeoeleven
neta1o,
thanks for this EA, as promised I have loaded it and will report its progress.
Loaded on to a EURUSD M30 chart with all default values it opened a long trade almost immediately. The platform is IBFX Mini and the account value is $250 the EA opened a trade at .1 lots.
Usually I have found GBPUSD to be a dangerous pair for 10p3, do you recommend giving this EA a good work out by adding that pair?
John
__________________
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Last edited by Need2bFree; 07-09-2007 at 08:43 AM.
Well here is the program entirely re-written. DO NOT TRADE WITH THIS LIVE.
You may demo trade if you wish. Basically, I rewrote the 10points3 code from scratch. I took out a lot and cleaned up the 10points3 code. I also added a new function called marketQuality. This is the basis of the entry and the exit of the program.
Right now I have a simple RSI script in there, but it clearly doesn't succeed. If any big runs happens it'll fail.
I plan on adding a lot of intelligence to this.
Test it out demo if you'd like and. Let me know what we can add or subtract.
What are some good indicators that are true to direction real time?
EDIT: This has no T/P or S/L because it uses indicators to open and close the orders.
I think to make a truly successful EA we'll need to make more of the variables dynamic. It needs to adjust with the market or it will always fail. The TakeProfit and the PipStep may need to be dynamic depending on the market volume and trade volatility. It would also probably make sense to program in a conservative money management so we can avoid having everyone tinker with the maxtrade variable. The maxtrade variable can then be dynamic based on account balance.
Please be so kind and send me your version to demo test it.
thanks for this EA, as promised I have loaded it and will report its progress.
Loaded on to a EURUSD M30 chart with all default values it opened a long trade almost immediately. The platform is IBFX Mini and the account value is $250 the EA opened a trade at .1 lots.
Usually I have found GBPUSD to be a dangerous pair for 10p3, do you recommend giving this EA a good work out by adding that pair?
John
That would be fine. The lower time frame may cause a lot of whipsawing due to the constant change in signals. I usually use this on H4, but either way let me know how you make out. I'll be updating it soon.
retro, thanks for the indicator, I'll take a look at it.
That would be fine. The lower time frame may cause a lot of whipsawing due to the constant change in signals. I usually use this on H4, but either way let me know how you make out. I'll be updating it soon.
retro, thanks for the indicator, I'll take a look at it.
neta1o
OK will change the time frame to H4 and add GBPUSD.
My first testing has not been a success, 10 trades have closed in loss and one in profit. They were alternate buy sell except for three buys in sequence.
Am posting the detailed statement for you to analyse. No doubt something easy like the wrong time frame being used.
John
Having just loaded GBPUSD I keep getting the following error code which keeps repeating.
2007.07.09 23:31:49 FXA0 - Ladderv0.01 GBPUSDm,H4: No market to open
Probably because the indicators are not in line to trade but 24 times in 2 minutes??
Last edited by yeoeleven; 07-09-2007 at 02:36 PM.
Reason: Updated information
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