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The reason you get "phantom" trades is because of two reasons.
1. the Trend moving average was used to try and set trades in the direction of the trend. So, if the price moves very quickly, and is above the trendline, then only buys are set, same for the sells below.
2. the way that orders are closed effects this as well. What I tried to do with the price > midpoint and price < midpoint was to try and eliminate these "phantom" orders. Because there are always orders being set above and below, there is always the possibility of these stragglers.
The major trend changing is the biggest detriment to this system at this point.
The best way to have success is to set the spacing WIDE!! in the neighborhood of 20-50 pips. The downfall is that the profit is MUCH slower in accumulation. BUT IS MUCH SAFER!!
The reason you get "phantom" trades is because of two reasons.
1. the Trend moving average was used to try and set trades in the direction of the trend. So, if the price moves very quickly, and is above the trendline, then only buys are set, same for the sells below.
2. the way that orders are closed effects this as well. What I tried to do with the price > midpoint and price < midpoint was to try and eliminate these "phantom" orders. Because there are always orders being set above and below, there is always the possibility of these stragglers.
The major trend changing is the biggest detriment to this system at this point.
The best way to have success is to set the spacing WIDE!! in the neighborhood of 20-50 pips. The downfall is that the profit is MUCH slower in accumulation. BUT IS MUCH SAFER!!
These four pair represent all eight currencies that IBFX offers & I have my TF on my Demo MT4 platform viewing H4 TF's and that is where I dragged this EA into.
This latest version by Willis11of12 has the following defaulted inputs: TakeProfit: 50.0 (ATR's unique to each pair could cause one to make this setting different for each pair) StopLoss: 50.0 (ATR's unique to each pair could cause one to make this setting different for each pair) LotSize: 0.01 LotIncrement: 0.01 Multiplier: 0 ProfitTarget: 25 OpenOnTick: 0 Spacing: 2 TrendSpacing: 1 CounterTrendMultiplier: 1.0 CloseDelay: 0.0 TrendtimeFrame: 240 CeaseTrading: false RightSidedLabel: true
This is such a simple input screen, so can someone attempt to post a manual in this thread for this new version, for each input? I chose this thread and this EA as it is a short thread and easier to follow and a seamingly, simple EA. There is hope for this EA to become a Forextsd shared, free and open automation that can coherently be illustrated.
ES
Question: Now that this revised version has new parameters, should it be further "tamed" with wider pip spacing and a maximum number of trades limiting the grid size? (# of trades) or will the TP's and SL's take care of this? It seems that the opening of each 4HR. bar controls the number of trades currently and it allows one new trade for each "4 hour open". Keeping it simple is very important to me, so please excuse this lenghty post and English is my first language..
Could someone fix this "bug" that opens new trades when the platform reboots? and fix the rightsided label to work? (I want to turn those big white numbers off! that duplicate my Balance and Equity)
Quote:
Originally Posted by Willis11of12
SPS8, here is the modified EA with the TP and SL points added that you wanted.
Last edited by ElectricSavant; 08-09-2007 at 06:22 AM.
The Creator of this EA is absolutely right: small spacing will always result in wrong entries. Spacing = 2 means that when the price moves 2 pips in one direction you open a trade in that direction. Of course this is a huuuuge source of trouble, therefore to confirm a clear trend... spacing must be higher.
Linear Mode
