DislikedSo do you guys/gals already built a inside candle RMI EA ? Is this the test results from it? I think its great that you are trying to modify the parameters to your specific desires.Ignored
1
Osfx, I have gone back to MT4 and the GBPCAD to try out different ideas to reduce draw downs. I was almost able to replicate your and Cubby's results on the GBPCAD. I have smoothed out a few draw downs but am stuck with the flash crash in October2016 and a long trend without much pullback in June2010. {image} I have tried: Dynamicly reducing TP as more entries are taken >> this did help smooth some draw downs out but reduces overall profitability. Exit on opposite RMI signal or exit on opposite RMI & IB signal >>this avoids the very deep draw downs...
I am testing 50:1 leverage account. 0.01 lot with 0.01 step every $1000. Starting $1000 balance on the EUR/GBP from 1994.02.01. 1 hr TF. -500 pip stop. Basket 50 pip profit. -20 pip grid. RMI 14,5. levels 30,70. I am trying to filter out one of the larger draw down on 2013.01.10. At this point of time Equity is $122,300.00, and I get Margin call at 2013. 02.20 with a balance of $14,154.00. A total 19 trades got stopped at -500 stop. First sell entry followed with the -20 pip basket trades on a massive trend up wards. Investigating the mother candle (the one before the inside candle) compared to the past opened trades, is very small length (low volatility).So my question is what can I use to filter this out? Can I have a certain candle volatility percentage or indicator, or a moving average cross-over to be added to EA or maybe a Fibonacci rule added? The Fibonacci rule example: Fibonacci will come in to EA after a certain amount of open positions or % in draw down. The fib will adjust to the next opened trade in basket. When pull back is at the specified fib level(.23,.382 or.50%), then EA will basket at a loss or break even. For example If the draw down was 300 pips, and the Fib tool presented a opportunity of a %382 or %50 pullback than orders will be close at break-even or a smaller loss at the 382%. What you traders think ? Is this possible to add to your EA and test? I realize that there will be a lot of basket trades that may would have profited at 50 pips basket if EA added more positions, but I would rather have only 8-10 opened trades, closed at smaller loss, versus 30 opened trades with a basket profit of 50 pips. I realize there may have been a major news event, but for planning the future what is your plan if your EA is at 20-30% draw down. How can we prepare and what actions will we take? What would be the best filter? I have tried several variables like, changing stop loss value, -200-35-400-6--900 etc.. and laso tried limit # of open trades, but has drastically reduced profit bye half..
- #36
- Nov 15, 2017 12:53am Nov 15, 2017 12:53am
- | Joined Oct 2008 | Status: Learning | 1,057 Posts
What you do is a reflection of you....what I do is a reflection of me.
- #38
- Nov 16, 2017 1:11am Nov 16, 2017 1:11am
- | Joined Oct 2008 | Status: Learning | 1,057 Posts
Hi Oliver
I have nil coding experience
, but I do have a brain and motivation, so I will try and learn to run it on MT4.
Many thanks
Ezzy
I have nil coding experience
, but I do have a brain and motivation, so I will try and learn to run it on MT4.Many thanks
Ezzy
What you do is a reflection of you....what I do is a reflection of me.