Fully functioning EA for tkimble's 30min system - take it or improve it

I've started this thread firstly to release the EA of the 30 minute Part Time Wealth Building system by tkimble (many thanks to him for sharing) and secondly, to start a discussion on best settings and pairs to trade with it. This also could mean different timeframes, not just the 30-min chart.

The EA has quite a few options to play with as outlined in the posted documentation. One thing it doesn't have is a trailing stop feature as this EA was built to my specs and ts is not my style. Other thing to note is the EA takes a trade as soon as the conditions are met regardless of tp or s/l not being hit on the previous trade.

The EA was built by another FF member for a fee (paid by me) and as such it's of a very good standard - I haven't encountered any bugs with it. For those who know me, I'm mostly to be found on the Daily Fozzy thread but I started this as a side project a while back, had the EA built and forward tested it.

So why am I sharing it for free? I've mostly left the EA on the back burner while I did my Fozzy research and ebook. The EA was also in loss when I stopped the forward test (it was running on 8 pairs) with only the JPY crosses showing encouraging results. With that in mind and hoping to get some fresh perspective (and as I wasn't using it anymore) I thought I'd post it up to see it anyone finds it useful. The document also contains a link to my site to increase awareness of what I do.

If you have an idea to improve the EA and have some coding skills, PM me with the code and I'll send you the source code version.

All the best and happy trading

Michael


p.s. results of the forward test can be seen on post 485 on the main thread.

bhoy

Thanks for the EA. Does this EA follow tkimble's rules or are there any alterations to his rules?

ET

As I said, I didn't take into account his ATR method for reducing the stop or trailing the 50 pip stop either.

In 90% mod qual backtests, better results were had from having no stops at all.

Anyone finding the EA useful? I see it's been downloaded a few times.

Please let me know of any insights/problems you have. I'll post my old forward testing results later tonight (excel) when I have time.

Looks all right I ran a few back tests.
There are only 2 things I would change .
1. I would add a trailing stop function configured by ATR
use the high ATR value of the past 100 bars and double the high value to act as a trailing stop.

2. Initial stop for longs i would use the lower channel for an initial stop and the high ma as the initial stop for shorts. This may get you eaten alive in a ranging market but over trendiness of yen pairs will help to avoid the hurt.

2 Multiple enteries. The ea reenters after a limit or break even stop has been hit. So I would try to find a way to limit it to one order per signal.


Hope my feed back helps as far as I can tell it looks like a simple channel system. It just needs a lil love.

Hi, i am running a 52 hours optimisation with as you can guess a lot of settings, we will see the results. Thanks for sharing this EA

Here is the spreadsheet of results I got from about a 2 month forward test in spring this year on gbp/usd, gbp/chf, gbp/jpy and eur/jpy. I had no t/p, just reverse when conditions are met. S/l was 50 although I changed gbp/jpy to a bigger stop early on. Risk was set at 2% per trade. Some pairs gave a neg. pip total but a small profit because of this MM.

As you can see, not the best results (worse than I remembered them). Two months of course is not that long and backtests of the EA on gbp/jpy (setting as in the pdf) was very encouraging - over 100% return over 2 years.

Hope this is of some use. Like I said, I'm not using this EA anymore, just thought I'd put it out there for any who liked the tkimble system.

Great stuff. Would love to see the results. Thanks for your efforts

Thanks for sharing your well-thought out comments.

1.The trailing stop is one function I wish I'd put in, an ATR one sounds very logical.

2. Yep, that's what I was doing in the forward test (see above) except a safety stop of 50-75 pips because I was using the close of the bar as the trigger (this showed much better results in backtests). The yen pairs did perform best.

still running, i have set a 6 month period because there 10K possibilities so setting in on higher lenght would have been too time consuming (52h is allready quite long ^^ )

It's running for around 24hours now and best result so far is +658$ on a 10K account (with MM included in the EA ) with 13% DD :-/

I'll see after work if there is better but if is does not go higher i will probably stop it (the graph seems to be to the upside )

here is the unfinished opt graph

From what I saw the EA exits to late.
trailing stop should fix that.

It's weird, it does not want to go higher than 648$, i wonder why...

I think i'll let it run for the next 16 hours (that's what the tester says i will last ) and do test with a different time period with 2-3 different optimized settings

Edit : hmm ended faster than i though but here is the results, more than 30 hours of computing on 6 month period EURYEN

I'm going to do backtest on an different period to see if the results are the same or not

high MA 30
low MA 20
rsi period 55
long trigger 54
short trigger 40
tp 90
sl 30
be ?

Warning the txt file is big with more than 4000 results to parse (4000 has been excluded )

After doing several test with 6 month optimized settings, the EA is loosing money all around the place whatever period i use :-/