Thursday, 22 November 2007
Many many questions on EA
Q1. Do you have a manual that goes with this Ea?
Answer.No the manual is ongoing it consists of the information on the download page and the FAQ section, and the blog.
Q2. I have used the default setitngs of the EA on daily charts as above. Are these settings the same for all four currency pairs mentioned above?
Answer.The default settings do work well, in the next version (currently being tested), we are optimising them further.
Q3. The indicator that came with the zip file and EA is displaced a histogram. The indicator on the you tube videos is displaced as a line.
a) Is this the same indictor?
b)Canyou send me the indicator as in the video?
c) there is a swing indicator too. Is this to be used too?
d) In the indicator sent, there is an option in the input tab...........automatic_timeframe _setting...... when set to TRUE...... It will indicator that TF trend?
Answers;
a) It is the same indicator, just a differnet way of displaying.
b) No need
c) No its not needed
d) The indicator is controlled via the EA not the chart, so the indicator you put on the chart is actually independant of the indicator used by the EA.
Q4.
a) I do not undertand..... Can be set this Ea on daily or 4h or 1 h charts with the same default settings?
b) I expect more trades on the lower time frame charts.
c) how may timeframes UP does the trend have to be to trade safe? Eg. If trading daily TF check monthly trend is UP.So if trading 1h charts, check dialy trend is UP?
d) If one places the EA on a 4 hour chart, does the EA look at the trend on the 4h chart (UP) to trigger the trade even if the daily trend is down?
e) In the explanation on strategy, you mention the EA will start closing trades when there is a change in the MAJOR trend. For the daily timeframe.... does this mean weekly trend or something else. Please could you kindly give examples for trading on the dialy timeframe and 4 h timeframe.
Answers;
a) Yes it can
b) The difference is the trend is consistent for longer. Yes you will get slightly more trades. It becomes more reactive to the market.
c) It will check the current timeframe, not all of then
d) Correct.
e) It will use the same timeframe of the chart that the EA is on.
Q5. I do not understand, trade daily TF and if you want to exit change to 4 h charts? When do you switch the TF to 4 h? When the daily trend is running out of PUFF as indicated by your trend indicator?
Answer;
This is really optional, if you like to tinker and want to cash in profits at an earlier opportunity.
Q6.
a) Do you have optimised setitngs for this EA for all the currency pairs on your trend watch indicator on your member siite?
b) Can one trade any of these currencies pairs with a positive swap?
c) You mention to swap currency pair trading when the monthly trend is down. Do you alert the members when this happens/about to happen?
d) Do you advise members what other pairs to possibially trade when this occurs? currently gbpjpy and gbpchf on the monthly is bearish? eurchf has a bearish engulfing candle on the monthly too, The eurjpy also has a bearish candle on the monthly.
e) With all these four monthly charts looking bearish, what does the trader trade? smaller TF or which other currency pair?
Answers;
a) Yes, we have been focused on developing a new version, but we will be publishing them soon
b) Yes, but some work better than others obviously
c) Generally, its better if all timeframes are bullish, but not essential. No we dont provide that service currently
d) No we dont provide that service currently
e) Smaller TF and fewer positions.
Q7. Are you looking for beta-testers for any version of the EA? I will be interested. Is there a list to put down your interest as a beta-tester?
Yes i already sent out versions of the new EA to some beta testers but preference is given to existing purchasers.
Q8. I see there is a version 6 in the pipeline.
a)This is being coded to be a dynamic grid for any timeframe and currency pair?
b) will it have trailing stop features?
c) Will it do all the calculations automatically?
Answers.
a) Yes
b) Yes, v5 already does
c) It will optimise the settings according to backtested results, and provide 2 additional risk models, which in turn modify the lot size used.
Q9. If one buys this EA, does this entitle the user to the member site of the easy forex signals? and this trend watcher etc?
Answers. No that is a seperate service. There will be occasional promotions for that product but it is not included.
Answer.No the manual is ongoing it consists of the information on the download page and the FAQ section, and the blog.
Q2. I have used the default setitngs of the EA on daily charts as above. Are these settings the same for all four currency pairs mentioned above?
Answer.The default settings do work well, in the next version (currently being tested), we are optimising them further.
Q3. The indicator that came with the zip file and EA is displaced a histogram. The indicator on the you tube videos is displaced as a line.
a) Is this the same indictor?
b)Canyou send me the indicator as in the video?
c) there is a swing indicator too. Is this to be used too?
d) In the indicator sent, there is an option in the input tab...........automatic_timeframe _setting...... when set to TRUE...... It will indicator that TF trend?
Answers;
a) It is the same indicator, just a differnet way of displaying.
b) No need
c) No its not needed
d) The indicator is controlled via the EA not the chart, so the indicator you put on the chart is actually independant of the indicator used by the EA.
Q4.
a) I do not undertand..... Can be set this Ea on daily or 4h or 1 h charts with the same default settings?
b) I expect more trades on the lower time frame charts.
c) how may timeframes UP does the trend have to be to trade safe? Eg. If trading daily TF check monthly trend is UP.So if trading 1h charts, check dialy trend is UP?
d) If one places the EA on a 4 hour chart, does the EA look at the trend on the 4h chart (UP) to trigger the trade even if the daily trend is down?
e) In the explanation on strategy, you mention the EA will start closing trades when there is a change in the MAJOR trend. For the daily timeframe.... does this mean weekly trend or something else. Please could you kindly give examples for trading on the dialy timeframe and 4 h timeframe.
Answers;
a) Yes it can
b) The difference is the trend is consistent for longer. Yes you will get slightly more trades. It becomes more reactive to the market.
c) It will check the current timeframe, not all of then
d) Correct.
e) It will use the same timeframe of the chart that the EA is on.
Q5. I do not understand, trade daily TF and if you want to exit change to 4 h charts? When do you switch the TF to 4 h? When the daily trend is running out of PUFF as indicated by your trend indicator?
Answer;
This is really optional, if you like to tinker and want to cash in profits at an earlier opportunity.
Q6.
a) Do you have optimised setitngs for this EA for all the currency pairs on your trend watch indicator on your member siite?
b) Can one trade any of these currencies pairs with a positive swap?
c) You mention to swap currency pair trading when the monthly trend is down. Do you alert the members when this happens/about to happen?
d) Do you advise members what other pairs to possibially trade when this occurs? currently gbpjpy and gbpchf on the monthly is bearish? eurchf has a bearish engulfing candle on the monthly too, The eurjpy also has a bearish candle on the monthly.
e) With all these four monthly charts looking bearish, what does the trader trade? smaller TF or which other currency pair?
Answers;
a) Yes, we have been focused on developing a new version, but we will be publishing them soon
b) Yes, but some work better than others obviously
c) Generally, its better if all timeframes are bullish, but not essential. No we dont provide that service currently
d) No we dont provide that service currently
e) Smaller TF and fewer positions.
Q7. Are you looking for beta-testers for any version of the EA? I will be interested. Is there a list to put down your interest as a beta-tester?
Yes i already sent out versions of the new EA to some beta testers but preference is given to existing purchasers.
Q8. I see there is a version 6 in the pipeline.
a)This is being coded to be a dynamic grid for any timeframe and currency pair?
b) will it have trailing stop features?
c) Will it do all the calculations automatically?
Answers.
a) Yes
b) Yes, v5 already does
c) It will optimise the settings according to backtested results, and provide 2 additional risk models, which in turn modify the lot size used.
Q9. If one buys this EA, does this entitle the user to the member site of the easy forex signals? and this trend watcher etc?
Answers. No that is a seperate service. There will be occasional promotions for that product but it is not included.
Labels: Carry Grid EA, FAQ, forex, forex software, trendwatcher
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