Here is a note to all of you new to using so-called Expert Advisors.
MetaTrader4 is total crap. Our description of it as CrapperTrader4 is not an affectionate jokey thingy; it is a reflection of how bad it is.
On a sliding scale of 100 down to 1, where 100 represents the most appallingly lamentable bollocks and 1 represents the bliss of utter perfection, CrapperTrader4 scores 1,000,000,000,000.
Here is a trick it
loves to play. There is often a delay in receiving a return receipt from the broker's server so the trade does not yet exist in the Crapforms memory as an existing trade - so EA's cannot see that the order sending function has worked. It
does show the damn trade every where else, so we think it is working perfectly.
Here is what happens:
- EA discovers trading conditions are correct for trading, yells, "Yippee, let's party" and sends the trade.
- The return receipt is delayed.
- There is another tick. The EA cannot see that an order has been sent to the broker's server because there is no return receipt.
- EA has no memory of having sent the trade, discovers trading conditions are correct for trading, yells, "Yippee, let's party" and sends the trade.
This process can happen many times in a quick moving market. You can easily find yourself with 60 open trades, all costing the spread and commission, and blowing the account if the market goes against you.
My EA's are full of safety code designed to defeat the best efforts of the Cretins at Crapperquotes to defeat safety features added by a coder. PostTradeAttemptWaitSeconds for example, tells the bot that once it has attempted to send a trade, it must not attempt to do so again for three minutes regardless of whether it thinks conditions are correct for trading. It cannot remember the trade it has just sent - it just knows it is not allowed to try again for 3 minutes.
The default is 3 minutes because we are mostly on the M5 here. I always set a default of 10 minutes on higher time frames.
I would not bother even to have bad dreams about using an EA that lacks these safety features. Accounts get blow easily enough without aid from CAC.
Read the effing manual, ok?
Afterprime is the official SHF broker. Read about them at https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?p=175790#p175790.
I still suffer from OCCD. Good thing, really.
Anyone here feeling generous? My paypal account is always in the market for a tiny donation. pianodoodler@hotmail.com is the account.
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My special thanks to Thomas (tomele) for all the incredible work he does here.
