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But it is now only entering once per 4 hours. In four hours there is always more than 2 pips movement, thus with a spacing of 2 there will always be an entry...just one.
if one changes the spacing to say 35...then there will not necessarily be an entry each 4 hours....but the stops or TP of 50 (defaults in the latest version) will kick in.
...as long as the entry method is good...in time the TP's will hit more often than the SL's (they are equal...50 pips)and if they do hit withing 4 hours then there will be little DD and less overlap of multiple trades. The trades accumulate during the low volume afternoon and early evening session hours (est time).
ES
Quote:
Originally Posted by imatache
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.
Last edited by ElectricSavant; 08-09-2007 at 02:52 PM.
But it is now only entering once per 4 hours. In four hours there is always more than 2 pips movement, thus with a spacing of 2 there will always be an entry...just one.
if one changes the spacing to say 35...then there will not necessarily be an entry each 4 hours....but the stops or TP of 50 (defaults in the latest verasion) will kick in.
ES
Make sure if you want more than one trade per candle that the OpenOnTick = 1. A zero (0) will only trade once per candle.
Quote:
Originally Posted by CeroOnda
I canīt make "PipMakerV9" enter lots of 0.01 (only 0.1).
Any ideas?
Change the SmallestLotSize to 2 which is 0.01... The 2 means two digits after the decimal point. the 1 means one digit. This is for brokers that only have a 0.1 lot size minimum. The broker I just happen to be referring to is LiteForex. They only allow 0.1 minimum.
I find the latest version a tool or a utility more than a magic money machine. We need to now get an "entry filter dropdown box" and code in many different indicators to choose from. Let the user decide and the testing to begin. I have been searching for a simple EA such as this in an uncluttered thread for a long time.
Keep it simple fellah's and code with open architecture and user friendliness in mind. Add notes and comments to your code and put it right there in the input menu. (if it were not for don_forex, the default would have only allowed me one trade per four hours...now I can use a spacing of 35 and it will make sense)
ES
Quote:
Originally Posted by don_forex
Make sure if you want more than one trade per candle that the OpenOnTick = 1. A zero (0) will only trade once per candle.
Change the SmallestLotSize to 2 which is 0.01... The 2 means two digits after the decimal point. the 1 means one digit. This is for brokers that only have a 0.1 lot size minimum. The broker I just happen to be referring to is LiteForex. They only allow 0.1 minimum.
Last edited by ElectricSavant; 08-09-2007 at 03:09 PM.
I find the latest version a tool or a utility more than a magic money machine. We need to now get an "entry filter dropdown box" and code in many different indicators to choose from. Let the user decide and the testing to begin. I have been searching for a simple EA such as this in an uncluttered thread for a long time.
Keep it simple fellah's and code with open architecture and user friendliness in mind. Add notes and comments to your code and put it right there in the input menu. (if it were not for don_forex, the default would have only allowed me one trade per four hours...now I can use a spacing of 35 and it will make sense)
ES
do you think 35 spacing will indentfy a trend more safer,just tryed today last version it killed my live account, cus indentfying the trend too late after reserval
Its all about the entry and taking the losses when needed in my opinion. We need a menu of indicators in a drop down box that work well with 4 hour TF's to choose from with this utility. This way the utility can be just that and the trader can decide IF IT STAYS SIMPLE.
Folks start asking the coders for your indicators and this can be their heaven! they love to code and are very giving people...where some of us are traders and only want to make money.
I do not know what this latest version uses...midline or something I think...I must look at the code again.
ES
Quote:
Originally Posted by sps8
do you think 35 spacing will indentfy a trend more safer,just tryed today last version it killed my live account, cus indentfying the trend too late after reserval
Last edited by ElectricSavant; 08-09-2007 at 03:35 PM.
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