Developing a system #16 (40 pips per trend)

Hi,

Sorry to be a pain but I've never downloaded or created an expert advisor before and I seem stuck on getting it running. I already have metatrader downloaded. I click on your link and open which it does in MetaEditor. I then clicked on complile. At this point I don't know what to do. Philipp mentioned go to the folder where this is located and search for the file. I am not sure how to go about this. I have tried searching using search facility in metaeditor but it says 'file not found'. Not sure if I am in the right place. Any ideas??

Many thanks in advance,
Justin

hi justin! when it opened in mt4, before compiling, try going to file->save as, then browse to c:/Program Files/Metatrader 4/Experts and save it there. the directory could be different depending on where you get your mt4 from. after that then compile. after compiling it should appear under expert advisor in the navigation pane.

yantz

heres my result for yesterday. all pairs on h1 and 60/40/60 settings except for gbp/jpy on 60/60/60

GBP/USD 3/3 +120
EUR/USD 1/2 -20
USD/CHF 1/2 -20
AUD/USD 0/2 -120
USD/CAD 2/2 +80
EUR/GBP 1/1 +40
GBP/JPY 1/1 +60
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Total: +140 9/13 69.23%
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2 more open positions has not been closed, at +25 and +15 pips. the 4 losers lost right after entry. and the price never came back. so for now, for the 3 pairs, i'm sticking with 60 pips sl. and since it straightaway reversed after entry, i will be monitoring whether i need to increase the minimummoves for them. if they we set to at least 70 moves yesterday, they would skipped those trades. and so far, the winners from the same pairs eventually moves more than 110 pips so a tp of 40 is still possible. i will not change the settings yet, but will monitor again

or maybe time is a factor? 3 of the losers trades were opened before 2am et. should we only start after 2am on mondays? i'll see next week.

yantz

Ahh, thanks Yantz, after putting on the correct folder works.

thanks, and i'll keep an eye out on this forum to see more features or add-on in the future.

Hi Yantz,

Thanks for your help. Really looking forward to trying it out.
Justin

To add in case it helps!! - when I push Compile it seems to state that no errors etc in toolbox at the bottom but does not register. From what I can see in the user guide it should automatically be added as a subsection to Expert Advisors in the navigator box. However this is not happening. Oddly when I go direct from my platform and right click on 'create' in the navigator box it opens metaeditor, allows me to input some details (such as expert name) and creates a new heading under the expert advisor heading in the navigator box. However when i just click on the link which automatically opens in metaeditor and try and compile nothing seems to be happeneing. This is on my demo platform. Any help would be appreciated - thanks, Justin

Hi Yantz,

How long have you been running/testing this? Recent posts show very good daily results i.e yesterdays +140. I was wondering whether you had experienced losing days, runs of losing days etc in the past? (in other words worst drawdown)

I noticed you added adx at some stage. Aside from that have you kept the inputs the same throughout testing?

Having just started I will leave the system as is for a week to make sure its producing same results as you then I will try to run it across a number of different demo's (if my computer can handle it!) with different parameters. I like to give things a month or two before changing inputs to give decent representation of performance. If I don't run different demos at the same time it will take a year just to try out 6 different inputs!!!

cheers,
Justin

hi justin! as per our email exchanges, please install it correctly before testing it out.

thx
yantz