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Suggestion 1H GBPJPY BOT

Colin_ said:
I STRONGLY advise against those settings. What's the TP set to? 400? you realize that's only 40 pips right?
The thing is the bot's exit strategy is more based on opposite signals and not TP... The key is to find a good amount to reduce based on what your original lot size is, how much you're adding, how much total you're allowed open. Lowering the TP to such levels completely cuts your legs from underneath you and is not good. If you're not comfortable with the bot holding onto trades sometimes for as long as a month (in profit) before cashing in bigtime then this isn't the bot for you
Click to expand...

Well thank you for your advise
 
If you're using this bot these are the optimized lot settings for small accounts

Low Risk:
Open position size: 0.01 <- Make this
Total: 0.06 to 0.1 |
Amount to add: 0.01 <- And this the same Value
amount to reduce: 0.03 or 0.04 <-Make this 3-4x larger than Open position size

Reason being, the bot will open multiple orders during it's course and when it starts receiving opposite signals you want it to close out the trades but not all at once and not 1 by 1 either. That way when the bot closes out the last of the open orders it will start opening positions in the opposite direction and the pair "Should" start heading in that direction very shortly. If you close them out 1 by 1 it'll be too slow and if you dump all the positions off in one shot and the EA starts opening positions in the opposite direction there will be a period of time you will suffer increased draw down.

Still Fairly Low Risk:

OPS: 0.02
Total: 0.1 - 0.2
Add: 0.02
Reduce: 0.06-0.08
 
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Thanks C
Colin_ said:
If you're using this bot these are the optimized lot settings for small accounts

Low Risk:
Open position size: 0.01 <- Make this
Total: 0.06 to 0.1 |
Amount to add: 0.01 <- And this the same Value
amount to reduce: 0.03 or 0.04 <-Make this 3-4x larger than Open position size

Reason being, the bot will open multiple orders during it's course and when it starts receiving opposite signals you want it to close out the trades but not all at once and not 1 by 1 either. That way when the bot closes out the last of the open orders it will start opening positions in the opposite direction and the pair "Should" start heading in that direction very shortly. If you close them out 1 by 1 it'll be too slow and if you dump all the positions off in one shot and the EA starts opening positions in the opposite direction there will be a period of time you will suffer increased draw down.

Still Fairly Low Risk:

OPS: 0.02
Total: 0.1 - 0.2
Add: 0.02
Reduce: 0.06-0.08
Click to expand...


Thanks Colin
 
I am sorry to tell you that the GBP JPY pair is tending to rise and should reach levels of 134.70 / 134.75 / 134.80
As long as you don't lose 133.60 and consolidate below this level, it won't drop!
Regards
 
Thank you Colin, my bro.Good job! The reason why GPBJPY is more accurate I think is that you are using the indicator" Keltner Channel". I used several EAs before which also include this indicator. But those EAs are not as smart as yours because they dont use SL and they just let us wait if the direction goes wrong until it comes back to. Thank you for your work again.
 
I opend 4 different meta4.
20charts on different time frames ( m15,m30,m60,m240) for 20 different pairs.
once all 4 time frames or at least 3 of 4 opened trade same pair, I will open my own trade manuelly in my account according to opened pair by eas .

what do you think about tis strategy guys ?

can it be worked ?
 
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What base its
Colin_ said:
Here's a bot i created, very high win rate.
Use on default settings but adjust lot size based on account balance.
Will open max 3 trades at once on 1 pair
Currently works for GBPJPY but could work for other pairs with slight adjustments of settings
Check it out lemme know what you think
Click to expand...
Work and can you share mql4 file
 
Colin_ said:
Here's a bot i created, very high win rate.
Use on default settings but adjust lot size based on account balance.
Will open max 3 trades at once on 1 pair
Currently works for GBPJPY but could work for other pairs with slight adjustments of settings
Check it out lemme know what you think
Click to expand...
Thanks
 
Colin_ said:
Here's a bot i created, very high win rate.
Use on default settings but adjust lot size based on account balance.
Will open max 3 trades at once on 1 pair
Currently works for GBPJPY but could work for other pairs with slight adjustments of settings
Check it out lemme know what you think
Click to expand...

Hey Colin, this may be a trivial question and please forgive my ignorance because i'm new to EA's and trading robots. My question is this, when running this EA, is it taxing on the PC (requiring alot of memory, ram, ect.)? I just want to know whether it will require the same PC power as it would normally require to run MT4 or additional? I hope that makes sense and if anyone else has the answer please don't hesitate to let me know.
 
forexxx said:
Hey Colin, this may be a trivial question and please forgive my ignorance because i'm new to EA's and trading robots. My question is this, when running this EA, is it taxing on the PC (requiring alot of memory, ram, ect.)? I just want to know whether it will require the same PC power as it would normally require to run MT4 or additional? I hope that makes sense and if anyone else has the answer please don't hesitate to let me know.
Click to expand...
Naw most VPS only have 2 cores and limited ram (usually 4 or less GB) so regular desktop computers are fine... If you're running multiple instances of MT4 with all different bots and back testing strats it can bog down your system. One indicator I use (not with the bot) is pretty taxing on my system which is a shame since it's good, i have to remember to remove it from the chart when im done looking at it cuz it'll freeze my MT4 completely
 
Just when you thought things couldn't get any better I changed things slightly and made it trade a certain percent of available balance instead of fixed lots. I encourage you to check it out
 

Attachments

Colin_ said:
Naw most VPS only have 2 cores and limited ram (usually 4 or less GB) so regular desktop computers are fine... If you're running multiple instances of MT4 with all different bots and back testing strats it can bog down your system. One indicator I use (not with the bot) is pretty taxing on my system which is a shame since it's good, i have to remember to remove it from the chart when im done looking at it cuz it'll freeze my MT4 completely
Click to expand...

Thanks for the response Colin, I definitely appreciate it and is the most recent attachment the updated EA with those changes?

Thanks again!
 
Colin_ said:
Just when you thought things couldn't get any better I changed things slightly and made it trade a certain percent of available balance instead of fixed lots. I encourage you to check it out
Click to expand...

Hi Colin, Great work！ I am running on a demo now. I noticed it opened orders at 5:00 PM EST when the spread was 15-30 pips, instantly lost $3 on 0.01 Can you add time to start/stop and spread filter?

Thanks！
 
Colin_ said:
Just when you thought things couldn't get any better I changed things slightly and made it trade a certain percent of available balance instead of fixed lots. I encourage you to check it out
Click to expand...
Thanks Colin. I also find that this new EA has added several more indicators, hopefully the results are better than the previous one.
 
'''Timmy said:
Hi Colin, Great work！ I am running on a demo now. I noticed it opened orders at 5:00 PM EST when the spread was 15-30 pips, instantly lost $3 on 0.01 Can you add time to start/stop and spread filter?

Thanks！
Click to expand...
I sent the source code to someone else to add that actually im super busy the past 2 weeks and haven't had really any time to code and barely any time to trade either
 
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