Multi 10:4 Trader EA

[roman101]

One more issue.
EA set for 2% risk in $11700 balance in account.
For some reason I get different lot sizes on pending orders.

[glabbeek]

One more issue.
EA set for 2% risk in $11700 balance in account.
For some reason I get different lot sizes on pending orders.

2% risk means that you risk 2% of your equity. What the EA does is, that it looks at the current price and the stop loss price for that particular trade. Then it will divide the risk by the difference of the two and that is the lot size.

So:

If you have $10.000 equity, and you would want to risk $200 per trade.
Let's say the price to buy one pair is $1000 and your stop loss is at $900. Now could buy 2 lot's and risk $200. If you would buy 3 lot's, you would risk $300.
An other pair costs $500 per lot and the stoploss is at $450. For this pair you can buy 4 lot's. (4*50=200)

With this EA the stop loss is the crossing of the 240MA, so the difference between the lot price and the 240MA is the risk per trade. Since these values differ per pair, so do the lot sizes.

[intcust]

One more issue.
EA set for 2% risk in $11700 balance in account.
For some reason I get different lot sizes on pending orders.

2% risk means that you risk 2% of your equity. What the EA does is, that it looks at the current price and the stop loss price for that particular trade. Then it will divide the risk by the difference of the two and that is the lot size.

So:

If you have $10.000 equity, and you would want to risk $200 per trade.
Let's say the price to buy one pair is $1000 and your stop loss is at $900. Now could buy 2 lot's and risk $200. If you would buy 3 lot's, you would risk $300.
An other pair costs $500 per lot and the stoploss is at $450. For this pair you can buy 4 lot's. (4*50=200)

With this EA the stop loss is the crossing of the 240MA, so the difference between the lot price and the 240MA is the risk per trade. Since these values differ per pair, so do the lot sizes.

I have a cousin in the Netherlands how are things there.? I see a big M on the daily see attached. It seems like a sell to me. Remember that the middle of June the eur usd usually stops the down turn and head up. So keep that in mind.

what do I know I am always wrong.

incust

[kwchau]

Members PM me for my set file. It is basically OTTB except Rsi using 80/20 and fixed 0.1 lot per trade. All others settings are default.

Get many PM's for the set file, here it is. Please don't use it on live account, the DD may be too big to tolerate in a live account with less than sufficient equity. Also note that this is set file for v2.01a, not the final version that Andy has just released.

Enjoy the ride !

[MrLong]

This latest dynamic link library is a joke, takes too long to paint and they've disabled the old one, next thing we'll have to pay to use it.

[kwchau]

I am trying the new version with Brian's additions, but am now getting a market closed flag, trading is disabled. This only happens on the GMT-4 broker, not the GMT+3 broker.

After further analysis, it looks like the new code is set up such that it will wait for my brokers GMT-4 Monday candle even though the market is technically open in Europe. I am not clear on how to modify Brian's code to address this (or if I even should).

EDIT: I switched auto symbol to false and the orders kicked in. I don't know why that might matter though.

I have a red alert at the left hand bottom of the chart : "Trading has been disabled"

Switching auto symbol to false does not help. Any setting I should change ? I am basically use default except RSI 80/20.

[MrLong]

I am trying the new version with Brian's additions, but am now getting a market closed flag, trading is disabled. This only happens on the GMT-4 broker, not the GMT+3 broker.

After further analysis, it looks like the new code is set up such that it will wait for my brokers GMT-4 Monday candle even though the market is technically open in Europe. I am not clear on how to modify Brian's code to address this (or if I even should).

EDIT: I switched auto symbol to false and the orders kicked in. I don't know why that might matter though.

I have a red alert at the left hand bottom of the chart : "Trading has been disabled"

Switching auto symbol to false does not help. Any setting I should change ? I am basically use default except RSI 80/20.

The only difference from the previous version, is Brian's alterations.
If thing are not working for you, just go back to the previous version.
Andy

[nonlinear]

I am trying the new version with Brian's additions, but am now getting a market closed flag, trading is disabled. This only happens on the GMT-4 broker, not the GMT+3 broker.

After further analysis, it looks like the new code is set up such that it will wait for my brokers GMT-4 Monday candle even though the market is technically open in Europe. I am not clear on how to modify Brian's code to address this (or if I even should).

EDIT: I switched auto symbol to false and the orders kicked in. I don't know why that might matter though.

I have a red alert at the left hand bottom of the chart : "Trading has been disabled"

Switching auto symbol to false does not help. Any setting I should change ? I am basically use default except RSI 80/20.

Try setting delete pending to false. Brian's additions may only work with some brokers.

[AGT]

@nonlinear: Does it work with GP ? Or which others too ?

[nonlinear]

I have it running on ACT and Citi right now. Just judging the existing trades, the pivots are very different between the two (one is GMT-4, the other GMT+3).

My personal view is that pivots are kind of random and are more or less a weekly grid around price action. That said, there might be some benefit to trading off of the weekly pivots that generate earlier, rather than later. Curious to hear others thoughts on this that are closer to Bob's system.