IBFX Live (By rolfwidmer)
The user has deleted this system.
IBFX Live Discussion
Member Since Oct 20, 2009
36 posts
Nov 30, 2009 at 09:49
I use ILAN or eurusd (free EA). as it is a martingale with some risk it has to be supervised.
Member Since Oct 20, 2009
36 posts
Nov 30, 2009 at 22:12
it is v1.6 with rsi filter, lotexp1.59, takeprofit=10, pipstep=30, pipstepexp=1.2, maxtrades=10
on h1 chart
on h1 chart
Member Since Oct 20, 2009
36 posts
Dec 02, 2009 at 14:56
stoploss, trailstart and trailstop don't work in ilan even if they exist. Anyway it is against the concept of ilan. so i didn't change the standard values there. As i don't know how post a file, I place here the settings
Stoploss=500.00000000
TrailStart=10.00000000
TrailStop=10.00000000
LotExp1.59000000
slip=3.00000000
Lots=0.10000000
lotdecimal=2
TakeProfit=10.00000000
Pipstep=30.00000000
PipStepExp1.30000000
RsiMinimum=30.00000000
RsiMaximum=70.00000000
MagicNumber=2222
MaxTrades=10
UseEquityStop=0
TotalEquityRisk=20.00000000
UseTrailingStop=0
UseTimeOut=0
MaxTradeOpenHours=48.00000000
Stoploss=500.00000000
TrailStart=10.00000000
TrailStop=10.00000000
LotExp1.59000000
slip=3.00000000
Lots=0.10000000
lotdecimal=2
TakeProfit=10.00000000
Pipstep=30.00000000
PipStepExp1.30000000
RsiMinimum=30.00000000
RsiMaximum=70.00000000
MagicNumber=2222
MaxTrades=10
UseEquityStop=0
TotalEquityRisk=20.00000000
UseTrailingStop=0
UseTimeOut=0
MaxTradeOpenHours=48.00000000
Member Since Oct 20, 2009
36 posts
Dec 02, 2009 at 18:19
yes, you just have to multiply takeprofit, slippage, pipstep with 10. it does not detect 5 digits automatically.
Member Since Oct 20, 2009
36 posts
Dec 02, 2009 at 18:22
btw: be aware that this is a martingale. sudden large moves can blow an account. so take care.
Member Since Oct 20, 2009
36 posts
Dec 05, 2009 at 06:41
no both exp remains as they are. in what sense are your results different? they can vary depending on the point in time when you enter as ILAN takes the direction of the last bar and enters into that direction, so if you enter 1h later than me (and I sometimes enforece a first trade earlier by switching the timeframe and back) than you can have different results. but the long-term performance should be the same
Member Since Oct 20, 2009
36 posts
Dec 07, 2009 at 07:49
with ILAN you face 2 major risks:
1. sudden spikes; here I have to optimize the settings to exclude the most probable moves. The rest is residual risk which only can be accepted by periodcally withdrawing money from the account.
2. changes in trends: if a change in trend happens and a big retracement is unlikely I have to close the trades. this can be analyzed once a day or even every second day. here the analysis of fundamental data or information is important as well to identify the probability of a false reversal.
1. sudden spikes; here I have to optimize the settings to exclude the most probable moves. The rest is residual risk which only can be accepted by periodcally withdrawing money from the account.
2. changes in trends: if a change in trend happens and a big retracement is unlikely I have to close the trades. this can be analyzed once a day or even every second day. here the analysis of fundamental data or information is important as well to identify the probability of a false reversal.
Dec 07, 2009 at 13:41
I have read through your setting and found that non of my copy similar to yours. I have v1.6 with RSI only and v1.6 without it. May be you could tell the source of the free EA?
<a href=https://www.myfxbook.com/files/rigor01/Double(Ilan1_5&Ilan1_6).mq4 target='_blank'></a>
<a href=https://www.myfxbook.com/files/rigor01/Ilan_1.6.mq4 target='_blank'></a>
<a href=https://www.myfxbook.com/files/rigor01/Ilan1.6_PipStepExponent_1.4.mq4 target='_blank'></a>
<a href=https://www.myfxbook.com/files/rigor01/Double(Ilan1_5&Ilan1_6).mq4 target='_blank'></a>
<a href=https://www.myfxbook.com/files/rigor01/Ilan_1.6.mq4 target='_blank'></a>
<a href=https://www.myfxbook.com/files/rigor01/Ilan1.6_PipStepExponent_1.4.mq4 target='_blank'></a>
Attachments:
Member Since Oct 20, 2009
36 posts
Dec 07, 2009 at 14:36
(edited Dec 07, 2009 at 14:39)
rolfwidmer posted:
with ILAN you face 2 major risks:
1. sudden spikes; here I have to optimize the settings to exclude the most probable moves. The rest is residual risk which only can be accepted by periodcally withdrawing money from the account.
2. changes in trends: if a change in trend happens and a big retracement is unlikely I have to close the trades. this can be analyzed once a day or even every second day. here the analysis of fundamental data or information is important as well to identify the probability of a false reversal.
1) What do you mean by 'exclude the most probable moves?
rolfwidmer posted:
stoploss, trailstart and trailstop don't work in ilan even if they exist. Anyway it is against the concept of ilan. so i didn't change the standard values there. As i don't know how post a file, I place here the settings
Stoploss=500.00000000
TrailStart=10.00000000
TrailStop=10.00000000
LotExp1.59000000
slip=3.00000000
Lots=0.10000000
lotdecimal=2
TakeProfit=10.00000000
Pipstep=30.00000000
PipStepExp1.30000000
RsiMinimum=30.00000000
RsiMaximum=70.00000000
MagicNumber=2222
MaxTrades=10
UseEquityStop=0
TotalEquityRisk=20.00000000
UseTrailingStop=0
UseTimeOut=0
MaxTradeOpenHours=48.00000000
If Pipstep is 30 and your TP is 10, shouldn't the EA close your trade before you open more trades? Or does it mean that it'll open a new trade when you're down 30 pips?
Member Since Oct 20, 2009
36 posts
Dec 07, 2009 at 16:06
probable moves are spikes which can happen all the time (300 pips as last week, even if my account is slightly thin for this size). Less probable is 500+ pips without major retracement.
The EA opens trades if the price goes to the 'wrong' direction, that is controlled by pipstep and MaxTrades. so I am long but ILAn opend trades as prices dropped.
The EA opens trades if the price goes to the 'wrong' direction, that is controlled by pipstep and MaxTrades. so I am long but ILAn opend trades as prices dropped.
Member Since Oct 20, 2009
36 posts
Dec 08, 2009 at 09:30
for spikes: sometimes I disable the EA to prevent further trades, such as yesterday. it was only the 2nd time in 4 months.
Related to pairs: on this account i only trade eurusd (as you can see in the summary), on my other accounts I mainly trade eurchf.
Related to pairs: on this account i only trade eurusd (as you can see in the summary), on my other accounts I mainly trade eurchf.
