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Spider RSI EA

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Attached is an EA which uses the MA RSI Arrows indicator available from Forex.Zone

It works on all currency pairs and all time frames, the best I've had is on GBPUSD on M30.


It places market orders when arrows appear, up to a maximum as determined by the user in the inputs.
All orders are closed when an input selectable profit value has been reached, the inputs should be self explanatory, but please do not hesitate to contact me if you need more clarification.

This is a trial version, the trial expires on 19/01/2019.


Linkback: https://www.forex.zone/mt4-mt5-eas/7/spider-rsi-ea/649/
#1 - January 10, 2019, 01:03:54 AM
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Spider RSI EA in MT4 / MT5 EAs_xx New!
Attached is an EA which uses the MA RSI Arrows indicator available from Forex.Zone

It works on all currency pairs and all time frames, the best I've had is on GBPUSD on M30.
Dear Francoisvs: I have tested your version of the Spider RSI EA on a demo, and would like to try it on live funds.  Would you send me a link to download a permanent version?  Or, please let me know how I can get a permanent version to purchase, use, and/or test on a live account? Thank you.  Best Regards,  Thomas
#2 - January 23, 2019, 05:24:28 AM
« Last Edit: July 28, 2019, 02:58:03 PM by Admin »

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I replied to your PM.
#3 - January 23, 2019, 08:52:32 AM

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Herewith an extended date of the trial 
#4 - January 23, 2019, 11:44:55 PM
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Thanks!
#5 - January 24, 2019, 06:22:42 AM

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Profit Target as Account Balance Percentage: Does this mean that if I set the value to "1.0" that this means 1%, that the trade on this chart will close when it reaches 1% of the account balance, without affecting any trades placed by the program on other charts in the same account? Or, does this mean that all open trades on all charts will close if the total net profit on all open trades (positive and negative) reaches 1%?

Profit Target in Account Currency: I have a USD account.  Does this mean that I provide a percentage of account balance value that I desire a positive trade to close at, when it reaches that percentage level in profit, i.e., 1 = 1%, 2 = 2%, 5 = 5%, etc.?  Or do I place a dollar value in the parameter?

It seems obvious, but I just want to make sure that I understand.

Thanks Francoisvs.

Best Regards,

Thomas
#6 - January 24, 2019, 07:39:50 AM

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Hi Francoisvs:

I placed the Trial Version of  Spider RSI EA, that you posted yesterday, on a demo and a live account.  The program was set to open trades from GMT 7 to GMT 17 hours.  Neither program has opened trades at this point at 12:00 GMT.  

Do you have any suggestions that I can follow to get the program trading?

The previous Trial Version worked and opened trades without any issues.

Thanks,

Thomas
#7 - January 24, 2019, 12:23:42 PM

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Thomas,
Please check the top of the chart, it will show there a green trades allowed, or a red no new trades,
If it is red, and the time is within your set times, maybe you entered the trading times with a space or a ; instead of a :.
Reset the EA settings in the inputs tab, and check your time format is the same as defaults...
If it is green, and you see a signal which the EA does't take, maybe the spread is too high at that time.
Also check your journal for any errors.
The only change I made to the EA was the expiry date. (I attach the EA again with a new "version" nr as the expiry date, so we know you are running the correct version)
Hope it helps.
PS, I will look at coding your suggestions soon.
#8 - January 24, 2019, 03:42:36 PM
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Hi Francoisvs:

Good Evening.

Thanks for the "nr" version of the Spider RSI EA.  I have placed it on same demo as before, and on a live ECN account, to test.  I see the green colored "Trading Allowed" on the charts, but the program has not opened any trades. 

I don't see any error messages in the Journal area.  

The accounts are ECN accounts and spreads are normally zero to 3 pips.  Your spread setting is 60 which I am assuming means 6 pips.  Is the spread setting in the program "60" given in 1/10's of a pip (6 pips)?  

The original Spider RSI EA opened trades fine with the "60" setting, so I don't think that is the reason for no trades being opened, since I am using the same demo account.

Is there anything else you would recommend that I do to get the program to start opening trades?

Again, I am using the same demo as before, where the original program was working, and also trying it on a live account, and seeing the green "allow trading" on each chart.

So I am a little confused about what to do to get the program to start opening trades.

Any of your suggestions are greatly appreciated.

Thank you Francoisvs.

Best Regards,

Thomas



#9 - January 25, 2019, 11:59:02 PM

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Hi Francoisvs:

Good Evening.

I am getting the following message in my account 99993144 journal: 

2019.01.25 16:45:23.153 '99993144': order sell 0.04 EURUSD opening at market sl: 0.00000 tp: 0.00000 failed [Trade is disabled]

I received at least 100 of these messages.

Perhaps that may help decipher the issue in the program that needs to be adjusted to get trading started again.

Also, I ran the program without changing the default settings, except giving a different magic number on each chart.  The magic numbers are 6 digits long.

I am running the program on an account using a VPS, and am successfully trading several accounts.

Hopefully this additional information will help.

I look forward to hearing from you again, and am open to any suggestions that you have.

Thanks Francoisvs.

Best Regards,

Thomas

#10 - January 26, 2019, 01:00:26 AM

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Spider RSI EA in MT4 / MT5 EAs_xx
Hi Francoisvs;

Good Evening.

When I mentioned that I was successfully trading on other accounts, I meant with different programs.  

I am only having difficulty getting the Spider RSI to open trades as before on the same account, and on a live account.

I sincerely appreciate your suggestions regarding getting the program to open trades.

I have tried several different situations, and your program is the only one that I can get to open trades as before.

I would really like to get this trading.  I think that there is great potential with the Spider RSI EA program.

Thank in advance for your suggestions, and for testing your code, etc.

Have a nice evening.

Best Regards,

Thomas

#11 - January 26, 2019, 01:05:18 AM

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I am getting the following message in my account 99993144 journal:

2019.01.25 16:45:23.153 '99993144': order sell 0.04 EURUSD opening at market sl: 0.00000 tp: 0.00000 failed [Trade is disabled]

I received at least 100 of these messages.
You most likely didn't allow live trading in the EA settings or in the MT4. Check the upper right corner for the smiley face. If you see a frowning face, you need to allow live trading for an EA.
#12 - January 26, 2019, 01:14:58 AM

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Dear Admin:

Thank you!  I will check that.  It is usually something very simple that has been forgotten, when things like this happen.

All the best,

Thomas
#13 - January 26, 2019, 06:37:20 AM

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Spider RSI EA in MT4 / MT5 EAs_xx

The accounts are ECN accounts and spreads are normally zero to 3 pips.  Your spread setting is 60 which I am assuming means 6 pips.  Is the spread setting in the program "60" given in 1/10's of a pip (6 pips)? 



The EA looks for the point value for the currency pair you are trading, so if your broker has a 5 decimal (or 3 on JPY pairs) , it will use the spread as 60 points, (which as you know is 6 pips), however, if the the broker still uses 4 (and 2 for JPY) decimals, changes the spread input to 6 in this case.
#14 - January 26, 2019, 06:52:43 AM

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The accounts are ECN accounts and spreads are normally zero to 3 pips.  Your spread setting is 60 which I am assuming means 6 pips.  Is the spread setting in the program "60" given in 1/10's of a pip (6 pips)? 



The EA looks for the point value for the currency pair you are trading, so if your broker has a 5 decimal (or 3 on JPY pairs) , it will use the spread as 60 points, (which as you know is 6 pips), however, if the the broker still uses 4 (and 2 for JPY) decimals, changes the spread input to 6 in this case.
What do you mean by bro using these 5 decimal and 4 decimal places bro?
#15 - January 26, 2019, 08:05:30 AM

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