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Suggestion 1H GBPJPY BOT

GBPJPY is one pair with high volatility but usually has spread higher than major pair like as GBPUSD
and if ea based martingale, I think will reduced margin level if always open new trades
 
blackking said:
GBPJPY is one pair with high volatility but usually has spread higher than major pair like as GBPUSD
and if ea based martingale, I think will reduced margin level if always open new trades
Click to expand...
Just set the martingale value to 1.0 then it opens trades with the same lot size, super easy solution
You can even set it to a reverse martingale by setting it to a value less than 1.0 like 0.5 and the next positions it adds to it will be half the size
 
Colin_ said:
I'm working on a scalping bot specifically for XAUUSD since it's so volatile.
I'm pretty new to MQL4 coding but not new to coding in general, I have 2 versions so far. I am currently running the first version on a demo account and it's turning a decent profit running on the 1H and 5M time chart simultaneously.
If anyone here would like to help me clean up my code and maybe add/remove things to filter out false signals that'd be great.
Please lemme know
Click to expand...

i can help, PM me for further development
 
it is good for ranging market, disaster in trends....

it opened all sell positions at EU along the rally in July..TF H1
 
Colin_ said:
be patient it doesn't always find trades right away, should work on any acct type
Click to expand...
Hi,Colin

i started to test the EA on GJ AU and EU.
I am wondering when is AU going to take profit .. because these trades stay there for few days.
the setting TP is 4780...is the ea really only tp at 4780??

Thanks
upload_2020-7-30_14-47-58.pngupload_2020-7-30_14-48-11.png
 

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i started to test the EA on GJ AU and EU.
I am wondering when is AU going to take profit .. because these trades stay there for few days.
the setting TP is 4780...is the ea really only tp at 4780??

Thanks


No the EA will reduce the position on the opposite signal and if closes all open positions in that direction and keeps getting those signals it will open a position in the opposite direction and continue to either add or reduce based on the signals it receives. Rarely will it ever hit the TP, it's pretty much just there. Should try running it on visual mode in backtesting to get a feel for how it trades
 
ozgur64 said:
it is good for ranging market, disaster in trends....

it opened all sell positions at EU along the rally in July..TF H1
Click to expand...
Yeah, it can get ugly at times. If you see obvious trends you can always set the EA to only go Long or Short. No EA is perfect and will always hit periods where it is stagnate or breaks even for a period of time, it's just a part of trading unfortunately
 
Colin_ said:
i started to test the EA on GJ AU and EU.
I am wondering when is AU going to take profit .. because these trades stay there for few days.
the setting TP is 4780...is the ea really only tp at 4780??

Thanks


No the EA will reduce the position on the opposite signal and if closes all open positions in that direction and keeps getting those signals it will open a position in the opposite direction and continue to either add or reduce based on the signals it receives. Rarely will it ever hit the TP, it's pretty much just there. Should try running it on visual mode in backtesting to get a feel for how it trades
Click to expand...

OK. Thanks for the reply. I will try BT
 
verjanso said:
OK. Thanks for the reply. I will try BT
Click to expand...
Ive tried to make improvements on it many times but it seems anything i change makes it drastically worse which really sucks :(
There is an alternative bot but I only recommend it in EURUSD, every other pair doesn't seem to trade well
 
Today gbpjpy pcwr h1
 

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Colin_ said:
It'll turn arou

and but all signs point to more bullish trends. These trades were profitable at one point yesterday now all my trades are in the negative and the draw down gives me a bit of anxiety

here's a clip of me back testing the newest EA I'm working on, the entry is nearly flawless and hardly ever takes bad trades
Click to expand...

Any update for this one?
 
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