Posts made by moreirajbn

Hi @fxDreema .

Some people trading on the Brazilian broker Modalmais are having some issues with fxDreema EAs and order filling type, because the broker accepts RETURN orders only. All orders from fxDreema EAs generate the error message:

OrderCheck () failed: Unsupported filling mode (10030)

Would you be so kind to help us a little on how to set order type as RETURN in fxDreema EAs?

Really appreciate your help.

@forexsake

Your logic is not checking whether there is already an open position or not, and will, therefore, trade on every bar that has opened at a different price form the previous bar.

Since you also don't specify any timeframe, it will trade several times a day. if you want daily gaps, you have to tell it to the algorithm.

@miro1360 @richard96816

Usually people looking for these approaches are using (or considering using) multiple entries on losing positions (i.e. averaging), hoping price will bounce back and allow them to exit at a tiny profit.

This does happen most of the time, so it's in fact very easy to get a streak of 20-30 days without a single losing trade... The problem is when one single move doesn't come back to your average price... then all your money is gone in one trade..... and you can be 100% sure that this WILL HAPPEN at some point, and it won't take very long. It's just a more painful way of dying

There is no magic, the multiple tiny profits happen because the trader is taking infinite risk (the whole account) in exchange for a minimum profit. So, for each single trade, the chance of exiting on tiny profit is much higher than blowing up the account... However, you just have to trade long enough to see your account blow up in that one bad trade.

@roar

Yep... the traditional price action rules are awesome to show on youtube how well the guru is able to "predict" something he already knows the outcome, particularly when he hasn't put a single dollar in the game. Hahah.

Real trading is a little bit harder, when we are competing against Goldman Sachs and UBS.

@fabiovilan

@mfuetterer

If all traders think a support level is a support level, it will be a support level, BUT ONLY THE FIRST to act will profit from it.... the late ones will, well, be late, and end up selling too low or buying too high... there are millions of people and thousands of institutions looking at the markets at any point in time, so for you to be early on a trade, you can't wait until it's confirmed, because the confirmation is a result of the entries from the very few people/institutions that will actually profit from it.

In other words: support/resistance levels look perfect in hindsight, but you only know it worked afterwards...

To profit from it you need a model with predictive power walking forward... and finding such model is much much harder than most people think.

@mfuetterer

All strategies on books, magazines, internet, forums, whatsapp and telegram have been extensively tested and put to trial for years. If they ever had an edge, it's gone because someone else has already arbitraged out the advantage, and the late adopters will only waste time and money trying strategies that are available to everyone.

If you are looking for profitable strategies, the only way is to develop something unique, out of ordinary, that only you or very, very FEW people know. Once it becomes public, it's dead....

So, my humble suggestion is for you to try completely weird stuff, forget the tight stop losses or even using stops at all (decreasing leverage levels and letting the trade runs) and using time stops rather than financial stops.

A few weird ideas that may inspire you:

• what happens if you buy USDSGD at 10:00 and exit 16:00 ? no stops, no targets.... just buy at 10 and close at 16.... what if you change the entry / exit times?
• what if you sell Dax on Monday and exit on Friday? what if you sell Tuesday, Wednesday or thursday? does it help?
• what happens if there are 5 up days (close > open) in a row ? should day 6 be an up or down day?

Good luck

@eabaer

In summary: the stop loss in ANY pair must modify the variable that defines lot size for all pairs.

• Create a variable called "LotSize"
• Use block "modify variable" to change LotSize to LotSize*2 every time a position in any pair is closed by SL (use the pink blocks)
• Use another "modify variable" block to change LotSize to initial lot size every time a position in any pair is closed by TP (use the pink blocks)
• Use the same LotSize variable to define lot size in the Buy/Sell blocks you're using for each pair.

Of course there are details that may be specific to your trading logic.... but the logic is above.

@sunny7day

there is a block called "buy pending orders in grid".

it will do exactly what you need.

@sunny7day

You may search the forum for "grid" or "grid trading" or "averaging" and you'll find many great answers....

@eabaer

You can create a variable that will determine lot size, then use the block "check profit (last closed)" to modify the variable based on the outcome of the last trade. Modify to lot*2 if loss, and back to initial lot size if profit. You can then use the same lot size variable to buy/sell both EURUSD and USDJPY (you can choose the symbol and lot size within the buy/sell block)

Search the forum for "martingale" and you'll find a tutorial on how to handle custom configurations..

@leksand

This is not a bug... just a technical glitch in your logic.

It happens because it's technically impossible to have an "Ask" quote below the lowest price from candle ID 0 to candle ID 10. In Forex candles are in most cases constructed with "Bid" quotes, and because "Ask" is always above Bid, it's impossible that any Ask quote in candle 0 goes below the lowest Bid price. If candle 0 makes a new low of the last 11 candles (from 0 to 10 we have 11 candles), the lowest price will be a "Bid" quote... so even if you choose Bid, it will never be below the lowest price.... So, the lowest Bid will be equal to (but not lower than, "<") the lowest price..

On the other hand, the ">" signal works because the Ask quote can be above the highest price, because the highest price comes from a "Bid" quote and, again, Ask is always above Bid..

I suggest you to choose candle IDs from 1 to 10, not from 0 to 10... then it should work

Hi @fxDreema ,

I'm generating a mq5 from this project fxdreema.com/shared/QwsjNdLAd but I'm unable to compile it on my MetaEditor. You'll find the erros in the image below. Some further information:

• This EA compiles correctly if I generate an .ex5 directly from fxDreema
• I'm not adding any custom code to it before I try to compile on MetaEditor. But I will need to add later, that's why I need the mq5 file to compile from MetaEditor
• My MT5/MetaEditor version is build 1835

Can you please take a look at what could be the problem?

Here is the error log:

@fxdreema

The thing is that there are ticks... there are no deals, but as I understand MT5 considers a "tick" as anything that changes the bid/ask spread or the last deal in the market. So in circuit breakers we see changes in bid/ask, but without any deals, just by placement and cancellations of orders on the order book.... so it's quite different from Forex, where brokers make their own bid/ask spread and decide when it's time to change it.

The mess gets really ugly on the CFDs, that trade through the broker's own bid/ask, but are arbitraged by the broker's market markers on the centralised markets. So when there is a circuit breaker on the exchange where, let's say Apple stocks are traded, the Apple CFDs will get REAAAAALY ugly...

Anyways, thanks for the help.

@ilias

search "martingale" in the forum and you'll find many great options.

@fxDreema

Some futures/stock exchanges have circuit breaker mechanisms that block order execution/filling for a few minutes or hours if price moves too far too fast. Note that the exchange still allows market orders to be PLACED (but not filled), but they will only be executed/filled when market re-opens. In this context, let's assume an EA (from fxDreema) is holding a short position at 2pm, when market is open and running normally, and it is programmed to close this position at 4pm ("time filter" block followed by "close position"). Then market goes into circuit break at 3:50pm and only returns at 4:30pm.

My question is: what will the EA do at 4:00pm?

1- Send a single buy at market order (then the position will be closed when market re-opens at 4:30pm);
2- Send a buy at market order and keep sending more orders until it confirms that the position was closed (in that case there would be multiple buy at market orders executing simultaneously when market re-opens, resulting in a inverse position with multiple contracts, that would probably be liquidated immediately because of the time filter);
3- Something else (what?)

I'd like to highlight again that the exchange accepts orders (pending buy stop, buy at market or any other) to be PLACED, but execution of these orders will only happen when market is open again.

Thank you very much.

@artux33 what's your broker and which symbol are you trading?

post a shared version of your EA, then people can try to help

@juan-manuel-quiñonero

You can use the block called "check profits (unrealized)".... pass if profit < 0, allowing new entry.... not pass if profit > 0 .... you may put it under a "if position" block.

@steffen31

this should work

@yalgaar - the candle size won't tell you that... you may be better off using the close of candle 1 divided by close of candle 2, which is how much price changed on the last trading day (in relative terms), which then MAY be used to say whether the pair is strong or not.