Simple trending - Page 2

Shinigami · #11 (**permalink**) 07-23-2007, 12:00 AM

I finally managed to get new version up and running (I've been testing and picking settings for all pairs up till this moment from friday. Its been a tough weekend for me)
You'll find new login details in the first post.
You'll find new version in the first post later today.
The biggest improvement - I've coded all the settings into the EA.
You just attach the EA to one of pairs and it picks settings for itself by itself. Just don't change anything.
Or you can take it and run like 3 days of backtests (I generated 20 gigabytes of data while backtesting) and then you'll certainly get better data.

I'll be forward-testing this specific EA for the next 2 months (some pairs need a lot of time to generate any profit) and after 2 months I'll be able to tell if it really works. There may be few pairs that are good to trade and few that are bad to trade using this strategy.

Anyways don't expect any major updates during next 2 months.
And it will only work with brokers that use standard currency names like EURUSD and USDJPY (if there is m in the name, it won't work and you'll have to pick settings yourself!).

Don't go with this to a live account, its just a suggestion that is being tested.
Also if you are going to test this as well, use Alpari MT4. I cannot guarantee work with any other MT4.
To work with more than 1 currency pair, attach the EA to exact currency pair. The EA picks settings for the pair automatically (if you didn't change anything). The database contains settings for 23 pairs (excluding the very new ones) for Alpari MT4.

Shinigami · #12 (**permalink**) 07-23-2007, 11:43 AM

I'll post updated information in the first post on a daily basis.
If you get any ideas how to upgrade the system (if you think of any good entry signal, I'll add a trailing stop) post them here.

geoguy · #13 (**permalink**) 09-24-2007, 08:21 PM

On FXCM, Usable margin % is calculated by free_margin/equity. It is a percent between 0 and 100. On metatrader (through interbankfx at least) the margin level % is calculated differently. I am trying to create an indicator or something that will display the usable margin % calculated like fxcm does. I have created an indicator that will show the usable margin % on a chart but I am having trouble determining if it is updating in real-time correctly. I was wondering if my code was correct for it to keep updating the usable margin % in real time regardless of the time frame of the chart the indicator is attached to. (I've also been curious if anyone else has made something like this.)

Thanks

Code:

#property indicator_chart_window
//---- input parameters
extern int       decimals=6;
extern int       Text_Size=10;
extern color     Text_Color=White;
extern int       X_Distance=10;
extern int       Y_Distance=20;
//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
//---- indicators

//----
   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function                       |
//+------------------------------------------------------------------+
int deinit()
  {
//----
   
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+
int start()
  {
   int    counted_bars=IndicatorCounted();
   int iBarsToCalc = Bars - IndicatorCounted();
	if (iBarsToCalc < Bars) iBarsToCalc++;
	
	// Iterate over bars
	for (int i=iBarsToCalc-1;i>=0;i--) {
	       double free=AccountFreeMargin()/AccountEquity()*100;
	      ObjectCreate("comment_label",OBJ_LABEL,0,0,0);
   ObjectSet("comment_label",OBJPROP_XDISTANCE,X_Distance);
   ObjectSet("comment_label",OBJPROP_YDISTANCE,Y_Distance);
   string words = "Usable Margin: "+DoubleToStr(free,decimals)+"%";
   ObjectSetText("comment_label",words,Text_Size,"Arial",Text_Color);
   WindowRedraw();
  }
		
//----

//----
   return(0);
  }
//+------------------------------------------------------------------+

newdigital · #14 (**permalink**) 09-25-2007, 08:08 AM

Hi geoguy,

I moved your post to this thread as Shinigami posted some margin tool on the first post of this thread so may be usefull.

Beno · #15 (**permalink**) 01-05-2008, 10:11 PM

Does anyone have an indicator that will show your brokers Margin Call level 20% or Stop out Level 10% have a look http://www.liteforex.org/accounttypes.php
(I don't use them it's just and example)
I was thinking that if we could create some sort of indi or code that could show this it might help reduce account being blown up as I would think that most people will not know at which level they might get a margin call.

Anyway just thinking out loud.

Cheers

Beno

newdigital · #16 (**permalink**) 01-06-2008, 11:28 AM

Some margin code is on the first post of this thread.

Dan7974 · #17 (**permalink**) 01-06-2008, 10:12 PM

Everyone, you may not know this. But 6 months ago, I tried this, exactly like this, what an irony! It will burn the account, no matter what. When a consolidation or rectangle happens, it will just burn the account, no questions asked. I was looking for ways to beat the market using mechanical based systems, for too long, until I found out something that was very simple and infront of me all along.

I have already met about 5 methods, mechanically, that are exactly the same as mine was. Now, I am just getting ready until someone finds one of my old methods again, and brags that they found it, when I did first. It doesn't make me feel comfortable.

Shinigami and everyone else,
when trying to find a mechanical system, a.k.a no indicators just math-based systems, don't make it to hard on yourself. Look for something the market can't do, and make a system out of that. Put your stoplosses and takeprofits in a way the market won't go, and you will find it, the Hawaii method. Remember, always try Open Price, it might make the system better.

Peace EVERYONE!!!

Dan7974 · #18 (**permalink**) 01-06-2008, 10:22 PM

Here is a 7-year backtest, that became a 2-year backtest because it burned the account.

40sl and 40tp. GbpUsd.

I coded this EA myself. On InterbankFX.
I'll even be nice and start with $5,000 deposit. That's a lot of money!

Tick Data

$20,000 drawdown

prasxz · #19 (**permalink**) 01-06-2008, 11:27 PM

Quote:

Originally Posted by Dan7974

Here is a 7-year backtest, that became a 2-year backtest because it burned the account.

40sl and 40tp. GbpUsd.

I coded this EA myself. On InterbankFX.
I'll even be nice and start with $5,000 deposit. That's a lot of money!

Tick Data

$20,000 drawdown

is there anything wrong with that EA ?

===================
Forex Indicators Collection

Dan7974 · #20 (**permalink**) 01-07-2008, 04:02 AM

No, nothing is wrong the the EA!
It's the system!!!!!!!!!!!

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