petays's Posts | Myfxbook

help with Pitchfork Level ( OBJPROP_LEVELS ) in Programming Nov 17 2014 at 19:12

Did you follow example exactly as presented in MQL4 docs?http://docs.mql4.com/objects/objectsetdoubleI think same principles in code apply to Pitchfork as well.Specifically there is some places where you should check that your MQL4 API call succeeded or Print GetLastError() on error.And sometimes forgetting to call ChartRedraw() makes you believe that your code is not working even though it's just a repainting problem (like on weekends).And fourth parameter ("prop_modifier") in your example is always zero (0) so it seems that you are actually modifying level 0 value four times us...

Transform indicator for cTrader into an indicator for metatrader4 in Programming Oct 22 2014 at 18:55

@tynamite I think you are referring to "Linear Regression Indicator":http://www.mql5.com/en/code/8417Googling "mt4 linear regression indicator" gives you more choices 😄Really interesting indicator compared to standard Moving Average!And for @writegvf just try googling for your indicator name and add 'mt4' or 'mql4' to your search phrase.

Free Trade Copier EA in Programming Sep 22 2014 at 17:23

FX Blue Personal Trade Copier has been free and hopefully will be for ever. You need to register to download it.http://www.fxblue.com/appstore/app.aspx?id=2BTW, was before MT4i Personal Trade Copier.I can recommend it, beats many commercial products even though configuration can be tedious if you have complex setup.But your configuration is the easiest to setup 😄Just read the manual and understand how you apply risk setting and you are done!

Brisbane, QLD Programmer wanted C++ experience required in Programming May 08 2014 at 16:05

Hi JBI'm a programmer located in Helsinki, Finland and I might have something that might be of interest to you.I'm planning to implement a communication bridge between MT4 and .NET C# applications.You can peek at the initial plan I've made from this link:https://dl.dropboxusercontent.com/u/21871070/MT4_Needle_Trading_Platform_2014-04.pdfIf you really want to stick using C++ for some reason I think it is easy to use same protocol I'm planning to use from C++ because my proprietary binary protocol over named pipes is quite easy to implement in other programming languages as well....

MT4 API in Programming Apr 01 2014 at 09:13

1:1 API means that almost all MT4 MQL4 functions are implemented in MT4API product using same method names and parameters.See http://tradingapi.net/mt4-api-doc/ MT4 Class -> MT4 Methods then you get the idea!Threading is a different story because everything is driven by MT4 Terminal event loop, that is inside OnTick() method.But the concept is similar as in pure MQL4 EAs that are using classical "Hollywood principle".MT4 Terminal -> OnTick() -> MT4API -> your C# code here can call back any MT4API method only inside OnTickIf you need multi-threading then you have to intern...

MT4 API in Programming Mar 31 2014 at 19:13

I have used http://www.mt4api.net/ (http://www.tradingapi.net/mt4-net-api) and it is quite good. Internally it uses WCF and the developer answered promptly to all of my questions. Works at least pre build 600.I run one robot in a headless VPS server and booted it once a month to be on the safe side.Did not use it for history testing because pre 600 MT4 is so slow.On hindsight I might choose http://www.nj4x.com/ now. It is not targeted specifically for algo trading but I think could do that and it is cheaper. Might take more time on planning how to setup properly? Build 600 status unknown to me...

OLD WallStreet EUR33+GBP30 in Trading Systems Aug 01 2013 at 22:14

I got the same -37 pip loss on my live FXCM account.I've seen similar pricing differences using Zulu simulation because all those brokers are market makers and can quote their prices how they see best. This (more than 50 pips differences between brokers) happens only on very volatile moments but 10-30 pip gaps are more usual.This just tells me that FXCM live servers use different quote stream than their demo servers which gives "best prices" all the time.Nothing unusual here, you just has to accept the facts.

A reputable ecn mirco lot forex broker NOT using MT4 in General Jul 26 2013 at 20:44

www.divisafx.comUsed for testing etc. on ECN MT4 account 0.01 min lot size. Has cTrader but I have not tested it.Has same liquidity providers as FinFx that is well known but AFAIK has only MT4.They have good customer service and fast responses if your time zone matches ;)

FXCM Truncating MT4 History in General Jul 23 2013 at 20:45

Sorry hear that.It seems that most MT4 bridges with US brokers has some problems to keed data in synch (with MT4) because actual transactions are not executed inside MT4 servers.

FXCM Truncating MT4 History in General Jul 23 2013 at 20:36

Hmm, you must mean FXCM US, don't you.My FXCM UK MT4 account has (now as I checked it) full history back to start of April 2013 when I opened it.And you can you their WEB interface to get account reports (from any period you need) - even though I don't know which fields they use for sorting.

speed backtesting in General Jul 17 2013 at 17:09

You can rule MT4 out because it is definitely the slowest one.And it gets exponentially slower when you have more open trades.I use Forex Tester 2 and my robots are coded in C#.I use only M1 close data and for example my basket close strategy has typically about 5-30 open trades per symbol.As a rule of thumb my Core i7 laptop run 1 year test data for single pass in about one hour.I use 2-3 indicators (moving averages mostly) and check most of the values just once in an hour on new hour bar.My system is not optimal because call trade api (Forex Tester 2) requires socket call that is quite costl...

From 50% Loss To 1 Million in New Traders Jun 30 2013 at 18:42

Thank you @tradingexpert for your positive and constructive criticism!I just want to point out that the more capital you have to preserve the less your profits can be.And vice verse, if your trading capital is $1.000 you can (or will) risk it all.see http://www.barclayhedge.com/research/indices/cta/sub/cta.htmlThe problem with forex retail market industry is that there is 1.000.000 customers who has each $1.000 account and most of them lose it all. And that keeps forex retail market industry doing well.If you have $1.000 and double it every year can can be millionaire in 10 years!But it means ...

From 50% Loss To 1 Million in New Traders Jun 30 2013 at 16:05

Hmm, I believe that a good manual intraday trader can make 1% a day on good conditions. Maybe 10-20% a month at best.But I don't know anybody who has done this consistently on forex - maybe swing traders that do a dozen trades a year per symbol. But that's too slow trading style for me :) And they (swing traders) do have loosing years even though they are profitable in the long [email protected] has done ~2% profit and ~10% DD after May 13th. That's a good achievement - or you are just lucky!If you manage to double your account (to $2K-$3K figures) by Decemeber 31st 2013 I think you...

Integrity Forex Signals in Trading Systems Jun 25 2013 at 21:21

@walloj it is good to hear about your "strategy".There is nothing to shame if you manage to run this robot with better profit and less drawdown than original - on the contrary!And it I know too well how frustrating it is to watch a robot to open stupid trades that you would have never done.That's why I'll be glad to follow somebody who does the robot's babysitting for me 😄

Integrity Forex Signals in Trading Systems Jun 25 2013 at 12:11

Quite respectable stats for a robot!Though last 12-18 months are a big disappointment performance wise.Thank you @uk_max for noticing this important fact!I'll bet that this system uses much higher risk settings than original TFOT robot and we have not yet seen what will be real DD.

I want to know more about brokers which is best now in New Traders Jun 20 2013 at 21:16

That's not very unusual!If you start winning your broker starts losing!

Anyone Trading For A Living? in Experienced Traders Jun 19 2013 at 19:32

"lies, damned lies, and statistics"DD can be calculated in many ways depending which kind of result you wish to have.And you can even "cheat" statistics by doing properly timed withdrawals or deposits to your account between open and close of a trade or trades. Only way to see what has been done is to see the account statement!AFAIK Myfxbook tries to show most realistic (worst) DD in account stats pane but in other places they use different calculations.To my understanding DD should be calculated from account equity as explained here:http://www.investopedia.com/terms/d/draw...

How many have got investors by using this site? in General Jun 18 2013 at 18:31

Dear @vijayinvites Your system very good so far but remember that statistically you can double your DD during next 5-6 months period.And after that you can double it again. I've seen that too many times.I suggest that for the records you open one account which has 50% of your current risk and targets 10% per month.And an other account which has 25% of your current risk and targets 5% per month.(risk and profits do not correlate linearly but its not important here for this discussion)I presume that in the long run you least risk account can have 5% return per month and about 20% risk.And th...

From 50% Loss To 1 Million in New Traders Jun 17 2013 at 16:07

Market Makers can be ECN brokers as well.That's why some ECN brokers have invented "TRUE ECN" brand to distinguish from bucketshops!This thread might be helpfull:http://www.forexpeacearmy.com/forex-forum/beginners-bootcamp/12356-what-true-ecn.htmlAll ECN brokers offering 0.01 min lot size are routing and matching orders internally - not TRUE ECN.Only orders larger or equal to 0.1 lot can be routed directly to TIER-1 liquidity providers (= TRUE ECN).But if broker has internal matching they can decide on customer basis how they route his/hers orders for >= 0.1 lot sizes.Loosing ...

From 50% Loss To 1 Million in New Traders Jun 16 2013 at 21:43

Yep, for losing accounts every broker will offer best execution and service.Wait until you get profitable and InstaForex will make your trading very difficult. Particularly closing big winning trades can take very long time.You have to find a broker that makes its profits from your comissions and not from your losing trades.Hope you have found your trading style and keep it consistent and profitable!

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Posts by petays