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| HGB's Candle Power multi-pair combined trader and dashboard https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=5324 |
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| Author: | SteveHopwood [ Tue Nov 28, 2017 1:03 am ] |
| Post subject: | HGB's Candle Power multi-pair combined trader and dashboard |
V 1h is in post 1, thanks to this post by syhchan: Fixes should be in V 1h. Thanks Simon. |
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| Author: | SteveHopwood [ Tue Nov 28, 2017 3:18 pm ] |
| Post subject: | HGB's Candle Power multi-pair combined trader and dashboard |
V 1i is in post 1. Simon has been sleuthing again. Thanks Simon; you have been enormously helpful. Simon pointed out that OnlyTradeCurrencyTwice could not work as coded - and in fact would prevent an individual currency from being both bought and sold. Here is my revised function so that DIYers can copy it over the top of the existing function. I have left the bad code commented out so you can see how it stopped the function working properly: Code: Select all if (type == OP_BUY || type == OP_BUYSTOP) This will cause the 'else' code block that examines sell trades to treat buy limit trades as sells - doesn't matter here as we do not deal with limit orders but correct code is always better than incorrect code. These two lines of code should be: if (type == OP_BUY || type == OP_BUYSTOP || type == OP_BUYLIMIT) All of this is legacy code that has been around since the dawn of time and so will be present in every EA I have coded and all my shells. This is something for you codeslingers using my shells to correct. ---------------------- Noobs the point behind all this is: we do not want to become over-exposed to a single currency and risk our accounts if something unexpected happens. For example, on Friday I had buys open on three EURxxx pairs. If a 'black swan' event had occurred causing the Euro to tank, then all those buys would have turned into losers within seconds and probably wiped the account. Zeljko and OnlyTradeCurrencyTwice are sisters in arms against over-trading. Our Zeljko filter would have allowed only one EURxxx buy - EURUSD buy for example - and prevented CP from buying any of the others. It would have allowed CP to sell EURxxx - EURCHF for example. So now we have an EU buy and an EChf sell open. The black swan flaps its wings and EU screams towards Hell like a guided missile on a mission. At the same time, EChf screams towards the heavens like an angel with good news to convey. The position is balanced and the account is safe. Now imagine that we have a CHFJPY buy trade open at the same time. This is where OnlyTradeCurrencyTwice steps in to prevent over exposure to an individual currency. We have an EU buy, and EChr sell and a CHFJPY buy. CP spots an opportunity to sell EURCHF but examines the existing trades first, spots that we are already exposed the the Swissy twice and prevents the EC trade from going ahead and increasing our risk. None of this helps the tiny demo account I am trying to build if something happens to either the US or Canadian dollar. I have three UCad buys open and heading hot-foot towards closing at the peak high. A dramatic tank right now would probably blow the account. Trading such a tiny account (start balance $300, current balance $340) is stupidly risky so I repeat my mantra: never trade with funds you cannot afford to lose. |
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| Author: | Sjakie [ Thu Nov 30, 2017 10:48 pm ] |
| Post subject: | HGB's Combined multi-pair combined trader and dashboard |
Yeahhh! Been testing, though not intelligent enough yet. Just to let you know, thanks! |
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| Author: | olric2000 [ Sat Dec 02, 2017 1:18 pm ] |
| Post subject: | HGB's Candle Power multi-pair combined trader and dashboard |
Hi All, I just like to share my results with you. I've been testing CP multi pair version 1a with CP 5min 15 pips set file sine 8th of november. As you see the picture is quite well and safe, no DD nightmare. I am planning to go live next monday. Thanks to all who has contribution to this wonderful forum. Best, Ahmet |
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| Author: | Wavegarrick [ Sat Dec 02, 2017 1:45 pm ] |
| Post subject: | HGB's Candle Power multi-pair combined trader and dashboard |
Hi Ahmet, These results are simply spectacular in the big picture Just a few points: You had 5000 trades plus since the 08th of November. It can be risky if these trades go against you, so you must have a good back up plan or exit method? Would you consider the same risk on a smaller live trading account? Would you trade all currency pairs on offer when going live? Anyway, nice Bud. Do keep us posted and can you post your set file?. Many Thanks, Cheers Leon |
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| Author: | WhoKnows [ Sun Dec 03, 2017 4:59 am ] |
| Post subject: | HGB's Candle Power multi-pair combined trader and dashboard |
Very nice results, but I see that your trades made only an average of 2.6 pips profit per trade on Demo. Unfortunately Demo platforms don't have any slippage etc. so demo results are often better than real results with most brokers. I found the hard way when going live. Anyway, all the best Ahmet. May the Forex-force be with you. |
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| Author: | olric2000 [ Sun Dec 03, 2017 7:31 am ] |
| Post subject: | HGB's Candle Power multi-pair combined trader and dashboard |
Hi Leon, Whoknows, Thank you for your comments. Indeed I don't have deep understanding as yours on forex, so I had such bad experiences on EAs. They did good on demo but caused a lot of lost on live account. This time I thought I had given enough time to demo but I am still scared that november was highly volatile, on the other hand december would be range market which is not good for this EA... As an exit plan; trades are closed on opposite HGI and SS signals, so sometime you could have looses. For the live account I plan to use the same balance and lot size (0,01)... I considered on limiting currency pairs. But Then I thought that it is again risky to limit, since if the pairs I choose goes against me I'll have lots of looses. That's why I decided to use all pairs with zeljko filter. I don't know if I am right? You can find set file attached. Whoknows you are right on the slippage, I'll follow it. By the way my broker is GP. Anybody wants to say "hey body don't go live yet" I am ready to change my mind Thank you all. Best Ahmet |
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| Author: | Wavegarrick [ Sun Dec 03, 2017 10:15 am ] |
| Post subject: | HGB's Candle Power multi-pair combined trader and dashboard |
Hi Ahmed , Thanks for the detailed answer and the set file. You cannot go wrong with Zeljko and many thanks to Steve who has revisited Zeljko and given a detailed explanation on the dynamics of this filter. Just another thought that crossed my mind is to set MinimumMarginPercent to true which can be very usefull for multi pair strats, nevertheless it is a personal choice. My personal opinion, if you are ready to take the plunge, then by all means go for it. Only you will know your risk tolerance, afterall it is your money. I will also do some testing on your set file and hopefully can give you some feedback, but in the meantime I follow your progress with interest. Many thanks Leon |
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| Author: | olric2000 [ Sun Dec 03, 2017 12:36 pm ] |
| Post subject: | HGB's Candle Power multi-pair combined trader and dashboard |
Thank you Leon, I will keep you updates. Cheers |
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| Author: | dreambig2 [ Sun Dec 03, 2017 12:43 pm ] |
| Post subject: | HGB's Candle Power multi-pair combined trader and dashboard |
Thanks for the filter explanation above Steve....going to start checking them out. |
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