Is This My Holy Grail EA :D | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The HOLY GRAIL 130 replies

Developing the "Holy Grail" Trading System 4 replies

Holy grail trading system wanted, or nearest thing to it! 43 replies

6 Steps To Finding Your Personal Holy Grail 6 replies

The Search for the Holy Grail 1 reply

Attachments: Is This My Holy Grail EA :D
Exit Attachments

Is This My Holy Grail EA :D

  • #141
  • Dec 14, 2007 6:47am Dec 14, 2007 6:47am
Quoting gerrigirl
I don't think the ea will trade on Fridays, so we''ll start again on Monday. I did notice that the ea closes all trades on Friday at 00:00. My trade was 4 pips up when it closed. I wonder if it closes them even when not in profit.
Do you mean the EA will definitely close ALL positions on Friday? Where's Azam? Maybe he can answer or re-program it to trade on Fridays as well.
  • #142
  • Dec 14, 2007 8:13am Dec 14, 2007 8:13am
I added nzd/usd this morning as well.
  • #143
  • Dec 14, 2007 2:40pm Dec 14, 2007 2:40pm
wow..thanks for those who interested on this ea ....i will post new stoch power version soon ....less open post and less martingale level
  • #144
  • Dec 14, 2007 2:44pm Dec 14, 2007 2:44pm
Quoting azam575
wow..thanks for those who interested on this ea ....i will post new stoch power version soon ....less open post and less martingale level
looking forward to it.
  • #145
  • Dec 14, 2007 2:55pm Dec 14, 2007 2:55pm
Quoting azam575
wow..thanks for those who interested on this ea ....i will post new stoch power version soon ....less open post and less martingale level
Awesome, I am sure it will be better
  • #146
  • Dec 14, 2007 3:22pm Dec 14, 2007 3:22pm
Quoting azam575
wow..thanks for those who interested on this ea ....i will post new stoch power version soon ....less open post and less martingale level
sounds great...
  • #147
  • Dec 15, 2007 5:00pm Dec 15, 2007 5:00pm
Can't wait to try it this week
  • #148
  • Dec 16, 2007 6:08am Dec 16, 2007 6:08am
Azam, I noticed while backtesting that something is not correct in determining the Stoch level.
If you look at the attached picture, you will see 2 long trades being taken, while the Stoch is not in the oversold area. (default setting: 3)

However if you do a visual backtest, you can see the Stoch "licking" the 3 level while the bar is being formed and thus initiating the shown trades.
This would indicate that you are using the current bar (Bar 0) to determine the Stoch crossover. This may be reason for failing trades.

Please make the bar which the Stochastic function is using, an editable variable, in order to test the difference using current (Bar 0) or closed bar (Bar 1)

Cheers
Herbert

PS. also make the "Trade on Friday" option (which is now disabled) externally editable please.
Attached Image (click to enlarge)
Click to Enlarge Name: Stoch.JPG Size: 67 KB
  • #149
  • Dec 17, 2007 9:30am Dec 17, 2007 9:30am
The EA is getting hit today but that is normal. It just need a small 30 pips gains to go back to positive. We will see.
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.PNG Size: 71 KB
  • #150
  • Dec 17, 2007 10:18am Dec 17, 2007 10:18am
Hmmm weird, my demo account went invalid today but it was only one week old...

The losing nzdusd trade disappeared and i have to start it again
  • #151
  • Dec 17, 2007 10:37pm Dec 17, 2007 10:37pm
This is a good program and well thought out but if you use this EA make sure you understand the death trade and why it happens. I attached a picture of a death trade from yesterday AUD/NZD. It wiped out 1/2 of a demo account. This is a good program to use but not around big news stories or when a currency's fundamentals are very strong and the price begins to run. It is great for normal movement or non news days. Hope you find this educational. Notice the 14,3,3 sto stayed up there above 90 most of the day. When price runs up or down like this you can get into deep trouble with this EA. When it doesn't this is a profitable program. I would have at least 100.00-200.00 in your account for every penny you trade to be successful with this EA. HAPPY TRADING!!
Attached Image (click to enlarge)
Click to Enlarge Name: death trade.gif Size: 18 KB
  • #152
  • Dec 18, 2007 4:37am Dec 18, 2007 4:37am
I think a Martingale system needs a 3/4 hedge when 4 trades are placed, instead of opening yet another trade against the trend {at about the 5th open position}

so if GBP/US is 17, 3, 3 97,3
or whatever

with 32 TP

.1 0 sell
.2 32 sell
.4 64 sell
.8 96 sell
1.1 128 buy

the hedged buy will soften the 'floating' loss as it goes against us.

when retracments take the martingale back favourably to close, all the sells end in positive $, and the 3/4 hedge takes a hit, not wiping us out, but merely down a few %.

mathematicians would need to experiment with the premise!!

but i think this EA has potential...
  • #153
  • Dec 18, 2007 6:23pm Dec 18, 2007 6:23pm
I think this guy did a good job on the EA. The only change I would like to make is to have it enter the trade after it crosses back down not after it crosses up. It would eliminate a lot of the death trade movement. Since he did not make the code available I am not able to make that change for him. He has done some other things to the program which I havent figured out yet but someday I will figure it out. The other thing about this EA is to change it to trade one time until the next time it hits the over bought/ oversold. So the logic would go like this: if sto is >97 and then Sto is < 95 then enter. Make trade and then dont trade again until overbought/oversold. This would take out many of the death trades but it still wouldnt take all of them out. Also would give you a better chance of surviving the death trade by the 4th or 5th entrance if it ever got that far. Happy trading.
  • #154
  • Edited 6:42pm Dec 18, 2007 6:29pm | Edited 6:42pm
If you look at my previous chart, a couple of posts ago, and use the entrance on the way down it would not have made the first two entrances. This still would not change entering any trades just would get the Martindale in better position for the reversal, I think.

The problem with hedging is it would put another losing trade for the Martingale to overcome, guarenteeing you a losing trade. I understand the logic though of minimizing the loss. If you trade 1 penny per 500/1000 dollars you can enter enough times to overcome any death trade, I think with the change in program I have suggested.

Most people who run Martingale dont understand the deep pockets you need to use it. Its quite simple, sooner or later price reverses and you get into a winning trade. You have to be able to have the funds to go 10 trades deep at times though. I would go maybe 1000 dollars on penny trades but I wouldnt risk big money on this EA. I would put it on 16 currencies and the EA would turn off and only trade one currency untill the trade is finished, then it would turn on again when the trade is done. This way you would get enough trades a month to make it worth running. I demoed 5000 but if you get 2 or 3 trades going you can wipe out the account so the program needs to limit to one trade grouping at a time on one currency. If you trade 16 currencies you can get 1-3 trades a day and with pennies you actually would make enough money a month to make it worth it.

I wish this guy would make his base program available so I could make the changes instead of taking a 10.3 and try to figure it out myself. Easier to make changes on an almost good running program than rewriting the one that already exists. Good luck Brad and I hope you understand all of this.

Bob
  • #155
  • Dec 19, 2007 7:13am Dec 19, 2007 7:13am
Quoting nanningbob
I think this guy did a good job on the EA. The only change I would like to make is to have it enter the trade after it crosses back down not after it crosses up. It would eliminate a lot of the death trade movement. Since he did not make the code available I am not able to make that change for him. He has done some other things to the program which I havent figured out yet but someday I will figure it out. The other thing about this EA is to change it to trade one time until the next time it hits the over bought/ oversold. So the logic would go like this: if sto is >97 and then Sto is < 95 then enter. Make trade and then dont trade again until overbought/oversold. This would take out many of the death trades but it still wouldnt take all of them out. Also would give you a better chance of surviving the death trade by the 4th or 5th entrance if it ever got that far. Happy trading.
HI, sorry for long wait.....The problem i encounter is to program the logic that u want...because i`m not a programmer...Sorry....i try my best to coding the ea.....so now i will post the updated STOCHPOWER mq4 file here and need help from u all to make this ea GREAT....

About the Death trade....that why i use 10p3 template because it will martingale the loosing trade and when the price reverse/retrace, all the order close but the problem is MARGIN

so maybe we must put 1 or 2 indicator to filter that DEATH TRADE....so please help to code this EA...

About the mq4 just put "extern" to any variable that you want to show in INPUT windows

So, please share the ea if you modify it and maybe i will share you all my others GREAT EA

Azam575
Attached File(s)
File Type: mq4 stoch power EAshare.mq4   23 KB | 1,878 downloads
  • #156
  • Dec 19, 2007 7:20am Dec 19, 2007 7:20am
Quoting nanningbob
If you look at my previous chart, a couple of posts ago, and use the entrance on the way down it would not have made the first two entrances. This still would not change entering any trades just would get the Martindale in better position for the reversal, I think.

The problem with hedging is it would put another losing trade for the Martingale to overcome, guarenteeing you a losing trade. I understand the logic though of minimizing the loss. If you trade 1 penny per 500/1000 dollars you can enter enough times to overcome any death trade, I think with the change in program I have suggested.

Most people who run Martingale dont understand the deep pockets you need to use it. Its quite simple, sooner or later price reverses and you get into a winning trade. You have to be able to have the funds to go 10 trades deep at times though. I would go maybe 1000 dollars on penny trades but I wouldnt risk big money on this EA. I would put it on 16 currencies and the EA would turn off and only trade one currency untill the trade is finished, then it would turn on again when the trade is done. This way you would get enough trades a month to make it worth running. I demoed 5000 but if you get 2 or 3 trades going you can wipe out the account so the program needs to limit to one trade grouping at a time on one currency. If you trade 16 currencies you can get 1-3 trades a day and with pennies you actually would make enough money a month to make it worth it.

I wish this guy would make his base program available so I could make the changes instead of taking a 10.3 and try to figure it out myself. Easier to make changes on an almost good running program than rewriting the one that already exists. Good luck Brad and I hope you understand all of this.

Bob
Yup, BOB , you ar right.When using martingale sytem MONEY is NO.1.That why i only use this type of ea ini mikro account at liteforex ....yup... CENT account but with 100usd i can get 50usd+++ a month ...that great right hehehehe....

I make the mq4 available for everyone that know about coding , dont laugh when u see how simple the logic i use ....

The version that i share the mq4 is using different logic from the old ea, so this is the logic that u all use :-
H_level =97
L_level=3

for sell trigger
if(iStochastic(NULL,Period(),14,3,3,MODE_SMA,0,MODE_MAIN,0)>H_level)

for buy trigger
if(iStochastic(NULL,Period(),14,3,3,MODE_SMA,0,MODE_MAIN,0)<L_level)


azam575
  • #157
  • Dec 19, 2007 9:41am Dec 19, 2007 9:41am
I will try to get the death trade out of your idea. I think your idea is a good one. I have been trying to write an EA using the Sto but your idea of using it with Martingale is a great idea. Will share with you when I get it running. Hopefully my idea with yours will work.

Bob
  • #158
  • Dec 19, 2007 9:54am Dec 19, 2007 9:54am
Oh the most simple ideas are the best.
  • #159
  • Dec 19, 2007 12:15pm Dec 19, 2007 12:15pm
Quoting nanningbob
Oh the most simple ideas are the best.
YUP...i just using simple method hehehe....KISS .....anyway...looking forward with your MOD
  • #160
  • Dec 19, 2007 6:52pm Dec 19, 2007 6:52pm
It's great to see this EA developing.

I still think if it runs into trouble down 4-5 trades in the same direction with money lots increasing i would stop the EA and 3/4 hedge my way out.
I've done the calculations that have taken some time to do about pip loss at each level - and death trades would maybe now mean i would make 0% for the month rather than wipeout.

I hope the new logic about crossing back down over the 97 works. i'll be watching the thread.

--
also, the biggest problem with Martingale to me seems the want to stick with the same TP.

For me, when i get to 1,2,4,8 lots now (15 lots all same direction), my biggest want is to get out and BREAK EVEN.
Stuff going for the BIG $ at this point.

---
32 pips = $320 at the first level. + 10 pips at second level $320+$100

the martingale actually makes more money the hell riskier it gets, and the more freaked out the trader gets.

To make a Hell of a lot it needs to get to 8 lots (sweat)
then it locks in about $2000 (after the 1,2,4 close : -1,-2 +10 pips on the 4)

----
My idea is to run a scale down as it gets HELL RISKIER...

at 1st trade:
32

at 2nd trade
32

at 3rd trade {4 lots -$100,000 account or so all these figures}
use smaller TP
possibly move the pipstep from 22 up to 28. You want it to move your way, not further away. give the EA some rope.

at 4th trade
start to worry. calculate a good TP here. You can't afford to let EA double lots for the next pipstep.


----------------------------------------

A TP of 20, instead of the huge 32 yields interesting progression:

Results Pipstep Scale Lots Pips

20 0 1 .03 = 20
40-5 25 2 .06 = 35
80-30-10 50 4 .12 = 40
160-55-60-20 75 8 .24 = 25
320-80-110-120-40 100 16 .48 = -30
640-105-160-220-240-80 125 32 .96 = -165
768-130-210-440-480-160 150 64 1.92 = -652


so a TP that starts at 32 for the 1st 2 positions, may be better dropping down to 25 at the 3rd position, and getting to 20 to get you the HELL out of trending currency pair.

2 traders viewing now