Balls to the Wall, a 1 minute 1 trade EA

[jth]

jboy

Hi bshoe24,
1 Can you tell me how far your SL is away from trade line?
2 What riskpercentage are you using?
3 Which version of the balls to the wall are you using?

Regards
JTH

thanks for considering my problem!

1. the 1st trade i noticed that the stop loss matched the yellow line which was the low of the bias session. i measured this to be 7 pips from my entry. is the SL supposed to be different than the line? i had to go to sleep so i didnt notice where the line was exactly for the other few pairs that tried to trade last night.
If you say it opened the bottom of the bias session then that is the proper setting according to paulus system but for this type of trading its no good. I need to test this EA.
The trade is suppose to start at the London Open.
2. i set it to "1" for all 8 pairs testing on MBTrading USA
3. version "I" from what the chart says, i think it was the latest as i downloaded over the weekend
I am using version g (attached below) and that seems to do the trick for me. i am going to test the latest version to see if that works too for me.
if you have any more questions feel free to ask or PM me. i'm happy to provide all the info you want

Regards
JTH

[bshoe24]

thanks for v.G jth... i was going to go with that as i'd seen it earlier but, then i saw some fixes mentioned by Steve so i thought maybe it best to do go with the latest. i can try "G" but, i not sure it going to help with my main problem which i think is leverage and lotsize - unless there is something true to it opening wrong for broker MBT. however, i've done the calculations in my head and i think the 1% risk/lotsize was right for 7 pips SL at 1:50 on 25k. at least i *think* it was. would like to be wrong about that.

[winsteadglenn]

CUZ GEORGE: Thanks for the Wolfie Balls fix. Took two trades : EU and GU.

Glenn

[cuzgeorge]

CUZ GEORGE: Thanks for the Wolfie Balls fix. Took two trades : EU and GU.

Glenn

Glenn you bliksem,
i still have'nt had a trade, but glad to see it's working for you.
regards
cuz

[jboy]

Yes, I think you are right. I will need to dial down the risk dramatically to run this EA in the US criminal. I will probably need to cut down the risk to 0.5% instead of 5%. Shame. It won't really feel like Balls to the Wall. LOL. The CTFC has neutered the balls of US traders.

This is funny. I just spent the last two hours dealing with this issue and thinking it through. I check the thread and there are posts about the exact problem i just discovered with my exact thoughts. USA folks can't run baskets of this strat with our leverage no way at all. For a basket of 8 pairs we either need far less than even 1% or fixed. I was going to test on MBTrading(USA) 1:50 and at 1% Risk per pair the EA just on one pair used almost 50% of margin available (7 pip SL) to open my 1st test trade.

Coincidentally, i PM'ed Steve to ask if he'd mod the EA to allow less than "1" Risk. I was also thinking USA folks might need "Max lot" as well to stay safe. Fixed seems the safest for me though. How bad is using fixed with this strategy?

I also did some calculation, and the lot sizes from the EA is correct on MBT. So there is nothing wrong with the broker or EA. It is just that the US max leverage of 1:50 cannot support the basket strategy of this type. So yeah, it kind of sucks. But at 1%, it should be fine though. I'll try it tonight.

[winsteadglenn]

CuzGeorge:

I had to look up Bliksem. That is one of the better names I have been called. Six percent risk. Up a shade over 3%. I am again going to try different slope settings: Next is 240/15. It seems the trend should be stronger if it is in two time frames and perhaps a shade closer to the one min. TF. No facts here, just a suspicion. Glenn and Wonderdog in Montana

[bshoe24]

I also did some calculation, and the lot sizes from the EA is correct on MBT. So there is nothing wrong with the criminal or EA. It is just that the US max leverage of 1:50 cannot support the basket strategy of this type. So yeah, it kind of sucks. But at 1%, it should be fine though. I'll try it tonight.

i tried 1% and got near 50% margin utilization on 7pip SL on 25k at MBT but, many thanks for checking yourself too. it would be a good sanity check for me.

[SteveHopwood]

Hi All

While visually backtesting earlier today I saw a the yellow line appear on the opposite side of the market than what I would have expected.
I then re-read the thread as well as Paulus's initial explanation at FF.
I then scanned through version 1h and found what I believe might be a typo causing this:

Line # 2514-2516:
if (Fopen > Fclose) CreateHLine(LowLineName, iLow(NULL, PERIOD_H1, 1), STYLE_SOLID, 0,
LineColour);//Market fell
if (Fopen < Fclose) CreateHLine(LowLineName, iHigh(NULL, PERIOD_H1, 1), STYLE_SOLID, 0,
LineColour);//Market rose
I think iLow and iHigh should be swopped.

I made a copy of the code with this change and it seemed to have resolved the position of the yellow line.
I might be wrong, but thought I highlight the posibility.

FXJoe

Hmmmm. Slightly scary that I got this arse end over tip. Nothing new there. Utterly terrifying that it took a newbie here to both spot it and have the courage to point it out. Nice one, Joe; your name is now showing up in a much more fetching colour that it did originally.

Ok guys; either Joe is an idiot or I have confirmed yet again my idiocy status. I have read the code and compared it with the info in the post 1 pdf many times. Doesn't matter how many times I look; Joe appears to be correct.

Fix in post 1; this might give the original Balls a second chance. I shall try it again on demo on Monday.

Thanks Joe. Nice one.

Hi Steve,

I had wondered about this and was setting up to test today

I also figured the if statement

Code: Select all

  if (TimeHour(TimeLocal() ) == MarketOpenHour && ObjectGet(LowLineName, OBJPROP_PRICE1) != iLow(NULL, PERIOD_H1, 1) && !TradingDone && !DisableLineUse)

needed to be changed too.

if OBJPROP_PRICE1 = iHigh then for the first hour the EA keeps re-drawing the line - I think.

Would this work?

Code: Select all

  if (TimeHour(TimeLocal() ) == MarketOpenHour && (ObjectGet(LowLineName, OBJPROP_PRICE1) != iLow(NULL, PERIOD_H1, 1) || ObjectGet(LowLineName, OBJPROP_PRICE1) != iHigh(NULL, PERIOD_H1, 1)) && !TradingDone && !DisableLineUse)

patman

Nice one Pat. Thanks. I reckon it needs to be
if (TimeHour(TimeLocal() ) == MarketOpenHour && (ObjectGet(LowLineName, OBJPROP_PRICE1) != iLow(NULL, PERIOD_H1, 1) && ObjectGet(LowLineName, OBJPROP_PRICE1) != iHigh(NULL, PERIOD_H1, 1)) && !TradingDone && !DisableLineUse)

otherwise the condition will always fail because it is always != to one of the conditions.

I have made this change and am catching up with the tread before posting the update.

[SteveHopwood]

Version 1j of Balls is in post 1, with Pat's fix.

Version 1b of Wolfie's Balls is also in post 1. That errant error message is not actually an error message. It was a bit of debugging code that I must have left behind - probably made the edit but then did not save the file before uploading it. I was working out why the ea was trading 24 hours even though I had specific inputs in the tradingHours string.

It turns out that Paul's function cuts up the string until it is empty. That alert George was seeing was left over from the code I added to work out what was happening. If you do a search of the code and find "Alert(tradingHours);" anywhere, then delete it and re-compile.

We may have to separate out the two ea's in this thread. I assumed Balls was not working because there was something extra lying behind Paulus' coding decisions, not because the coding was crap. It may turn out to have legs after all.

We shall see.

[cuzgeorge]

Hi all,
Thanks for the updates and explanations Steve. busy updating the platforms now and have just reached my first trading hour with v1j. I have kept v1g running on the same charts as the new v1j. G is looking for a sell and J is looking for a buy. They are doing exactly what you programmed them to do. This is very good. If they both take a position, the worst is they are hedging themselves, and then we'll have to see how the trade management works for them.

Lets see where this leads us to. On the same platform i have v1b of Wolfie. No errors, No trades yet.

Myfxbook thingy also updated for that platform. Going on to the rest now.

Good luck all
cuz

PS: Glenn, Bliksem loosely translated from our SA slang and how i use it is 'son-of-a-gun.' Direct translation is not so nice . I hope to order a veyron too.