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Attachments: vForce EA
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vForce EA

  • #1
  • First Post: Mar 6, 2009 10:18am Mar 6, 2009 10:18am
Ok everyone, attached is the source code to the EA.

I release this with the intention of improvement of the Exit strategy. I feel that 80% at 20 pips and 20% trail with 50 pips is too static for this system.

Any posts regarding modifications to the entry part of this system will be ignored.

If you have something to say, but do not have the vouch requirements, PM me.
Attached File(s)
File Type: mq4 vForce1.mq4   20 KB | 2,633 downloads
  • #2
  • Mar 6, 2009 10:29am Mar 6, 2009 10:29am
Quoting Ronald Raygun
Ok everyone, attached is the source code to the EA.

I release this with the intention of improvement of the Exit strategy. I feel that 80% at 20 pips and 20% trail with 50 pips is too static for this system.

Any posts regarding modifications to the entry part of this system will be ignored.

If you have something to say, but do not have the vouch requirements, PM me.
Thank you very much, Ronald.
I understand it has some possibilities for Exit Management SL/TP & TS? Is that correct?

Lowen
  • #3
  • Mar 6, 2009 10:36am Mar 6, 2009 10:36am
Yes.

I included a very large suite of trade management/exit strategies into the EA> So plenty of options can be tested.
  • #4
  • Mar 6, 2009 11:01am Mar 6, 2009 11:01am
Will test it out and see if I can come up with something.

Damon
"Keep your eyes on the helpers" - Mr. Rogers
  • #5
  • Mar 6, 2009 5:03pm Mar 6, 2009 5:03pm
Hi RR,
I have a few questions about the EA

1) I presume the ea works in conjunction with the vforce indicator?
2) Does it trade automatically?
3) Does it close all pending trades for that particular pair after 4 bars if there is no signal to trade?
4) Why are there 2 trade settings in the EA, can i just trade 1 setting only?
5) Does this EA work with 4, 5 and 6 digit brokers?
6) Does it take all the setting from the vforce indicator in account?

Sorry for all of these questions but it will clear up allot of things for me and others as well i am sure.

Thanks in advance
JTH
  • #6
  • Mar 6, 2009 5:24pm Mar 6, 2009 5:24pm

  1. Yes. The indicator needs to be in the experts/indicators folder
  2. Yes
  3. No pending trades. If there is a trade signal, it will open a market order. I don't like dealing with pending orders.
  4. Because the original settings had two different types of exits. (20 pip TP and 50 pip TS). One trade per setting
  5. Yes. You obviously need to multiply the TP/SL/TS/BE functions by a factor of 10 to get it right.
  6. It only looks for the entry/exit signals from the indicator.

  • #7
  • Mar 7, 2009 6:59am Mar 7, 2009 6:59am
Quoting Ronald Raygun

  1. Yes. The indicator needs to be in the experts/indicators folder
  2. Yes
  3. No pending trades. If there is a trade signal, it will open a market order. I don't like dealing with pending orders.
  4. Because the original settings had two different types of exits. (20 pip TP and 50 pip TS). One trade per setting
  5. Yes. You obviously need to multiply the TP/SL/TS/BE functions by a factor of 10 to get it right.
  6. It only looks for the entry/exit signals from the indicator.

Thanks

JTH
  • #8
  • Mar 7, 2009 9:13am Mar 7, 2009 9:13am
Hey everyone.

I'm off for spring break and will be less than available for a variety of reasons, (No, I'm not going to any beaches/parties). I'm leaving my main server to use my existing tick database to model a NN against this EA. Hopefully it can find a viable and dynamic exit pattern.

Another issue I have with the original system is that the stoploss can sometimes be incredibly large. With that in mind, I was thinking of tightening the stoploss to maybe 50% of the "signal candle" or even to the high/low or close.

I'm also looking into turning this from a breakout-style system into a scalping system. I figure if we can get 5 pips every trade from the EA with minimal risk, then we can use the EA alongside any manual traders who have the ability to follow the trend.


With that in mind, have fun!
  • #9
  • Mar 7, 2009 9:24am Mar 7, 2009 9:24am
Quoting Ronald Raygun
Hey everyone.

I'm off for spring break and will be less than available for a variety of reasons, (No, I'm not going to any beaches/parties). I'm leaving my main server to use my existing tick database to model a NN against this EA. Hopefully it can find a viable and dynamic exit pattern.

Another issue I have with the original system is that the stoploss can sometimes be incredibly large. With that in mind, I was thinking of tightening the stoploss to maybe 50% of the "signal candle" or even to the high/low or close.

I'm also looking...

Have fun @ your break, RR!

As we know, some entries to the system would not be taken by a human being, as price sits at certain obvious levels like some S/R or Pivots etc.
Do you think about such things for the future?

I'm not sure how much of that will always remain 100% discretion, and if some of the stuff can be implemented in the EA. But I think without some more intelligent filtering, EAs won't do it for long with the system.
Anyhow, maybe if you change EXIT strategies it might work..
I'm looking forward to your test results.

Lowen
  • #10
  • Mar 7, 2009 2:21pm Mar 7, 2009 2:21pm
Lowen,

There are countless methods here on FF on how to get into a trade. There are very few methods to mechanically indicate when a trade is going against you, or is going bad.

I agree that some of the entries are at obvious points (s/r, pivots, etc). But just as they are turnaround points, they can also be incredible launch pads. This testing will tell us which is more likely to happen. Maybe if a candle is above (x) times ATR and it hits an important point, don't trade. ForexJedi and RobDee I'm sure spent a lot of time perfecting their entry. I'm going to try and improve on their exit.
  • #11
  • Mar 7, 2009 3:36pm Mar 7, 2009 3:36pm
An idea which came up in me is to switch to the 5m chart and wait for a candle to turn blue or red.

Entry: When the next bar breaks the high of the blue candle / When the next bar breaks the low of the red candle.

It looks to me that such an entry is capable of producing at least 5 pips in most of the setups.

In the screenshot I have marked the entries with the red arrow. For exit I could think of SL 10 but might be making R:R a bit bad. Would be good to hear some ideas.
Attached Image (click to enlarge)
Click to Enlarge Name: vforce5m.gif Size: 22 KB
  • #12
  • Mar 9, 2009 7:04am Mar 9, 2009 7:04am
Quoting Ronald Raygun
Lowen,

There are countless methods here on FF on how to get into a trade. There are very few methods to mechanically indicate when a trade is going against you, or is going bad.

I agree that some of the entries are at obvious points (s/r, pivots, etc). But just as they are turnaround points, they can also be incredible launch pads. This testing will tell us which is more likely to happen. Maybe if a candle is above (x) times ATR and it hits an important point, don't trade. ForexJedi and RobDee I'm sure spent a lot of time perfecting their...
Yes I also think the exits are very important here, and could be optimized. I'm happy we get a tool here focusing on that. You're right.
  • #13
  • Apr 2, 2009 7:17am Apr 2, 2009 7:17am
Hi RR
I am testing your EA and its giving me some mixed results mainly possitive. i am testing it with a 10 pip TP. This seems to be working but for one thing.
If the TP is made and the price drops back down with in the 4 bar count it triggers it again and then most of the time it goes down to the SL.
Is it possible to code into the EA that if the trade has been taken it only does it once till the next time the indicator is triggered.

Regards
JTH
  • #14
  • Apr 2, 2009 9:42am Apr 2, 2009 9:42am
It's not the best solution, but here you go.
Attached File(s)
File Type: mq4 vForce1.mq4   20 KB | 1,300 downloads
  • #15
  • Apr 2, 2009 10:43am Apr 2, 2009 10:43am
Quoting Ronald Raygun
It's not the best solution, but here you go.
Thanks

JTH
  • #16
  • Apr 3, 2009 11:00am Apr 3, 2009 11:00am
Hi there Ronald

I guess if the EA is correct, the trades in strategitester and visuall look at chart wuld be the same.

I dont know how to insert screenshots...but if I could I could show You the differens between shart and strategitester!

Elovv
  • #17
  • Apr 3, 2009 11:18am Apr 3, 2009 11:18am
Hi there

I dont know how to make sreenshots but I hope my file is attached. There you can see the difference from the 2 april. As I think VForce is profitable...I hoop You can find a EA That works as the indicator

Regards
Elovv
Attached Image (click to enlarge)
Click to Enlarge Name: 2.4.JPG Size: 110 KB
Attached File(s)
File Type: doc 2.4 tester.doc   21 KB | 746 downloads
  • #18
  • Apr 3, 2009 11:32am Apr 3, 2009 11:32am
Quoting Elovv
Hi there Ronald

I guess if the EA is correct, the trades in strategitester and visuall look at chart wuld be the same.

I dont know how to insert screenshots...but if I could I could show You the differens between shart and strategitester!

Elovv
Your assumption only applies if the strategy tester's visual chart and a live chart have the same date, which is often not true.
  • #19
  • Last Post: Apr 4, 2009 3:45am Apr 4, 2009 3:45am
I think there are at least 2 fault with the EA

1. Buy often 4-5 pips higher then signal even with slippage=0
2. Multiple orders on the same bar (sometimes on next bar to)

Both can easyly been seen if you compare the screenchot with the worlddocument in my previus post.
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