Hello, use this.... - page 18

New comment
 
firedave:
Hi moneyline, can you refer me to your post regarding "MaxTrade" ? I will try to help if I can. Hope this help

Hi Firedave,

pelele79 already gave me an answer for "MaxTrades." However, I do thank you for your help, much appreciated.

moneyline

 

What do the settings mean and do they work?

Hi Pedro,

I'm a very new and inexperienced Forex trader. Some of the pedroxxxmod settings

are unfamiliar to me. Would you explain some of them to me?

I am now testing pedroxxxmod on the MT4 FXDD platform and I wanted to know what

these mean:

Lots - is this the size of the basic unit pedroxxxmod is going to trade?

StopLoss - no need with this definition, but does it work?

TakeProfit - same as above, does it work?

GAP - I have no idea what this is ???

MaxTrades - Is this the number of trades pedroxxxmod can open at one time?

ReEntryGAP - Again, no idea what this is ???

tStop - I know what it is, but does it work?

tPips - I don't know what this is or if it works ?

StartHour - No problem with this

EndHour - Same as above, no problem

MM - What is this?

MaxLots - I also don't understand this one..what is it?

BTW, I setup pedroxxxmod and it is now working on a $10,000 FXDD demo account

and it seems to be doing well. It has already opened 3 trades this morning.

Knowing a little more about what the settings mean would be great and I appreciate

you sharing this EA. I will run extended testing on it and report all my results.

Thanks Pedro!

moneyline

====================================================

UPDATE: These are definitions as per pelele79 .....I thank him!

====================================================

Lots.- lots that star the money management 1 - 50.

Maxtrades.- yes, number of trade that it open but depend of reentrygap.

Gap.- Number of pips to take positions. it wait a number of gap (pip). example if gap

equal 5 then it wait 5 pips up or down to take position.

Reentrygap.- this number control the maxtrades, if reentrygap is 1 then 1 pip at a time

reopen a position in same currencie.

MM.- money management, it chec the account and verify if it can take another position

and number of lots.

Maxlots.- Number max of lots if you put mm in 1. he rise the lots while account rise to maxlots(50).

Another things, i probe that this expert work in choppy markets.

Hope this help.

Pedro Echenagucia

 

i was thinking about pedroxxmod, in choppy markets works very well. and i think that can work in scalper way.

Pedro Echenagucia

www.veninvgroup.com

 

Hi pelele79,

I've been running pedroxxmod since the start of Monday 'cause I wanted to see what it liked and what it didn't like. Goldensight had mentioned the idea of using for scalping and that's when I heard it again from you.

Well, so far so good. Pedroxxmod has been operating now for almost 3 days and it made it through the spikes of early Monday. We haven't made any money, but we've hardly lost any either. I knew it wouldn't like the spikes, but I had to see with my own 2 eyes.

Once I get testing it this far, I'm going to have it only run at certain times (away from the news spikes) and I will then let it run an entire week on the 4 majors...as I'm doing now.

moneyline

 
moneyline:
Hi pelele79,

I've been running pedroxxmod since the start of Monday 'cause I wanted to see what it liked and what it didn't like. Goldensight had mentioned the idea of using for scalping and that's when I heard it again from you.

Well, so far so good. Pedroxxmod has been operating now for almost 3 days and it made it through the spikes of early Monday. We haven't made any money, but we've hardly lost any either. I knew it wouldn't like the spikes, but I had to see with my own 2 eyes.

Once I get testing it this far, I'm going to have it only run at certain times (away from the news spikes) and I will then let it run an entire week on the 4 majors...as I'm doing now.

moneyline

Thanks for your word. and keep doing test.

Pedro Echenagucia

 

OK folks, this a detailed statement of pedroxxmod for almost 5 days of trading.

Settings:

TF M1

MaxTrades 1

SL 30

TP 15

Lot Size 1

As can be seen this EA didn't do well at all during news releases.

I'm going to test it further this coming week, but I'm going to keep it out

of any news time since it was never able to recover from the news spikes.

moneyline

Report here:

Files:
pedroxxmod_1_week.htm  473 kb
 
moneyline:
OK folks, this a detailed statement of pedroxxmod for almost 5 days of trading.

Settings:

TF M1

MaxTrades 1

SL 30

TP 15

Lot Size 1

As can be seen this EA didn't do well at all during news releases.

I'm going to test it further this coming week, but I'm going to keep it out

of any news time since it was never able to recover from the news spikes.

moneyline

Report here:

I think Pedroxxmod need an improvement. It's not well.

Coyan

 

pedroxxmod work fine in choppy markets

see this stament

 
pelele79:
pedroxxmod work fine in choppy markets see this stament

Hi Pelele79,

I notice you had pedroxxmod working only from 10:32 to 16:37 and only with the EUR/USD...very good results.

I was going to test again this past week together with anothe EA, but my work schedule got in the way. Maybe this coming week.

moneyline

 

hi everyones, but is it possible to test this intraday EA on D1?

is it an affidable test? how do it work metatrade during the test?

On the result that I see, the price of the trades in chart not exist at that time of execution: why?

thanks.

Bolla

1...111213141516171819
New comment