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(binned per thread starter’s request) FX Rogue Wave 6.0

  • #21
  • Edited 9:32pm Sep 8, 2017 9:22pm | Edited 9:32pm
Probably going to run another week with latest update to look for any more bugs. Then offer first release on Metatrader Market.

Of course I see only two people interested in the EA according to my poll as of this post.

For those folks that sell EA's...is it worth my time to offer this for only two interested people?

Maybe the fewer, the better? We can combine effort in Skype meetings and create a trade team? The EA can be very good at scalping small trades that can be done over and over in manual mode.
  • #22
  • Sep 8, 2017 10:02pm Sep 8, 2017 10:02pm
Quoting ForexScotty
Probably going to run another week with latest update to look for any more bugs. Then offer first release on Metatrader Market. Of course I see only two people interested in the EA according to my poll as of this post. For those folks that sell EA's...is it worth my time to offer this for only two interested people? Maybe the fewer, the better? We can combine effort in Skype meetings and create a trade team? The EA can be very good at scalping small trades that can be done over and over in manual mode.
ForexScotty,
interesting project there.
to your question a question for asnwer: what did you expect from the poll?

thb, with 33 days history, and 544$ committed to a live account, may need some more to convince ppl at this point to purchase your EA/signal, and i am sure deep down you understand this as well.
you are still in the stages of fixing bugs, and making adjustments...once the product is final, and running live for a few months, i am sure there might be more interest too.
there is always, always another trade!!
  • #23
  • Edited 10:31pm Sep 8, 2017 10:19pm | Edited 10:31pm
Quoting profitfarmer
{quote} ForexScotty, interesting project there. to your question a question for asnwer: what did you expect from the poll? thb, with 33 days history, and 544$ committed to a live account, may need some more to convince ppl at this point to purchase your EA/signal, and i am sure deep down you understand this as well. you are still in the stages of fixing bugs, and making adjustments...once the product is final, and running live for a few months, i am sure there might be more interest too.
Thanks ProfitFarmer, I just find it interesting that I get PMs showing interest and wanting to purchase, but not on the poll. Trying to separate the wheat from the chaff. I want to be a good seller if I choose to be a seller. Or, just keep it to myself for success or failure if there is no real interest. I am not trying to "convince" anyone. Just trying to post results, learning opportunities, strengths and weaknesses in real time. I have seen enough to know that true transparency is lacking.

I don't know. Maybe I am posting too early. But, for transparencies sake, I would prefer to make available all data from the beginning of an exercise to any parties concerned. If it is a failure, it happens before available for sale. If a success, then all data was available to all parties from the beginning.
  • #24
  • Edited 11:07pm Sep 8, 2017 10:55pm | Edited 11:07pm
That's the reason for the poll. 4.0 I could trade myself without care of others, but once interest was shown, I started investing in 6.0, a production version and added several features that were "nice". Just in case, folks wanted to adapt what I designed to their own trading methods.

Personally, I am getting pretty excited about it for MY trading style. The poll, is there in an effort to show me that there is interest because once I place it for sale, I am then responsible for not only sales, but tech support, trade support, usage, customer service, etc. And I then have to make the decision whether I want to spend my time trading, or customer service. If it is only a few, then I can work with them directly. If many, well..that is a shift that I will have to consider extended support and make the personal choice if that is what I really want to do.

As long as my personal trades on this account are profitable, I will continue posting. I am sure that over time, the EA will take on a new life. But, we have to start somewhere.
  • #25
  • Sep 8, 2017 11:19pm Sep 8, 2017 11:19pm
just thinking loud, maybe setting up a trading group, and a say 7 day limited demo version to trade it "live" there together with you leaning the ins and outs...could both bring more user confidence, and in turn full version conversion?
there is always, always another trade!!
  • #26
  • Sep 8, 2017 11:25pm Sep 8, 2017 11:25pm
Quoting profitfarmer
just thinking loud, maybe setting up a trading group, and a say 7 day limited demo version to trade it "live" there together with you leaning the ins and outs...could both bring more user confidence, and in turn full version conversion?
I have no issue with that. I would love to have a Skype live share event with a few select individuals.
  • #27
  • Sep 8, 2017 11:47pm Sep 8, 2017 11:47pm
I just requested from my programmer a version that will work only on demo accounts. So folks can see it in action for themselves. I wanted to get through the bug fixes first, but this may assist with that too.
  • #28
  • Edited 11:18am Sep 9, 2017 11:00am | Edited 11:18am
https://www.youtube.com/watch?v=fTgg7L7DeVY

A video of 3 trades over 3 days. Trading sequence automatically initiated at London Market Open (MT4 Time 10:00 (https://www.youtube.com/watch?v=fTgg7L7DeVY&t=600s)). First two trade sequences close in profit in first order of trade sequence. 3rd sequence closed in profit 4th order in sequence.Watch for Chart time stamp 09:00 to see trades.
  • #29
  • Edited 7:17am Sep 10, 2017 6:37am | Edited 7:17am
Evaluation version for testing on Demo Account and instructions attached to post #1 - Enjoy!

For Strategy Tester - use AUTO Trade only with the recommended settings found in the instructions. Start and Stop buttons do not function in the tester.
  • #30
  • Sep 10, 2017 12:57pm Sep 10, 2017 12:57pm
Spreadsheet shows back test losses experienced over 2 year back test on 20 pip chart channel at various start times. Success probability increases with larger channel 30-40 pip range. But demonstrates few losses occur on some pairs rather than others.

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Next, same tests with larger channel focusing on market opens. 5 year tests.

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  • #31
  • Sep 10, 2017 1:12pm Sep 10, 2017 1:12pm
Based on statistics above, I have narrowed down 5 pairs that I would trust to trade on Auto. The rest I trade (and these) manually after a little chart study going for a .95 / 1 Risk / Reward ratio on 1st order, using remaining sequential orders for recovery.

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  • #32
  • Sep 10, 2017 4:29pm Sep 10, 2017 4:29pm
Ready for the week! Happy trading everyone!

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  • #33
  • Sep 12, 2017 12:57pm Sep 12, 2017 12:57pm
As folks seem to want something that works on autopilot, I am going through each pair and start time to look for patterns that can show the best times and channel sizes to setup each pair. Or, find pairs not to trade at all.
  • #34
  • Sep 13, 2017 2:21am Sep 13, 2017 2:21am
Quoting ForexScotty
As folks seem to want something that works on autopilot, I am going through each pair and start time to look for patterns that can show the best times and channel sizes to setup each pair. Or, find pairs not to trade at all.
good idea mate...
I never lose - either I win or I learn...
  • #35
  • Sep 13, 2017 6:35am Sep 13, 2017 6:35am
Quoting jdva
{quote} good idea mate...
Thanks! The fun part about a martingale is that IF there is infinite capital and infinite attempts, it always wins as long as certain rules are followed. The trick is finding conditions where we can limit the number of attempts to where profit is gained and losses limited. To do so, using the logic that if the martingale always wins at some point, instead of looking for winning conditions, we look for conditions that have a low probability of loss.
  • #36
  • Edited 7:02am Sep 13, 2017 6:47am | Edited 7:02am
Here is an example of one of the tests I am running.


2 Year back test using hourly start times
Limit of 8 orders in sequence
30 Pip Channel
30 Pip Target
29 Pip Stop Loss

Bars show number of sequence losses on the USDJPY, so we can safely start the EA at most times during the day. There were several blocks of hours where there were 0 sequence losses and only a few that had sequence losses greater than 1 in two years. Showing there are better times than others to use FX Rogue Wave on this pair. Of course, we cannot predict the future. But compared to other pairs using the same logic, USDJPY is so far the best choice with the lowest probability of loss.

Attached Image


Compare the above with the USDCHF for the same test.

Attached Image
  • #37
  • Edited 7:27am Sep 13, 2017 7:09am | Edited 7:27am
Quoting ForexScotty
{quote} Thanks! The fun part about a martingale is that IF there is infinite capital and infinite attempts, it always wins as long as certain rules are followed. The trick is finding conditions where we can limit the number of attempts to where profit is gained and losses limited. To do so, using the logic that if the martingale always wins at some point, instead of looking for winning conditions, we look for conditions that have a low probability of loss.
Yep...that sounds pretty logical. I'm demoing your EA and made 32 euros in 2 days on 8 pairs in autotrade mode...not so bad.
I have traded another Martingale EA "Expanding Grid" and also made profits but with huge DD's. I appreciate your oppenness and the possibility to show us your live trading on the TE. That is not a natural course of action for people who do want to sell something...!
Honestly I don't entirely understand how EA works in auto mode and why are so important the opening hours. Normally when markets open it takes some time till they have found their final direction if at all. Hence why EA not let open 5-10min later after the full hour?
I know that the channel is floating around until the start button has been pushed, but what happens in auto mode?
I also know the EA may take up to 8 trades for getting a profit, so it makes basically no losses?

Thanks for your explanations...

Happy trading, jdva
I never lose - either I win or I learn...
  • #38
  • Sep 13, 2017 8:16am Sep 13, 2017 8:16am
Quoting jdva
{quote} Yep...that sounds pretty logical. I'm demoing your EA and made 32 euros in 2 days on 8 pairs in autotrade mode...not so bad. I have traded another Martingale EA "Expanding Grid" and also made profits but with huge DD's. I appreciate your oppenness and the possibility to show us your live trading on the TE. That is not a natural course of action for people who do want to sell something...! Honestly I don't entirely understand how EA works in auto mode and why are so important the opening hours. Normally when markets open it takes some...
Good morning JDVA! Thank you for your comments.

The time can be set by the user. I just chose the top of the hour to start somewhere. It can be set for 10:10 or 10:06, etc. I am testing on EVERY hour, 24 tests for each pair in order to see pattern establish. I will post when complete And I have found that in many cases, the most profitable trading periods vary by pair. In the example I posted above, USDJPY has its most consistant profitable times during the ASIA market, not so much in the UK, but back again during the US market. Not necessarily at the open. But the hour the first few hours of the market. Which makes sense as it is an US base pair couples with the JPY.

Early on, I became intrigued by time from other threads on FF. These were years ago, but I still liked them.

A Simple London Breakout v2
https://www.forexfactory.com/showthread.php?t=247220

7am-9am Big Dog USD Breakout Strategy
https://www.forexfactory.com/showthread.php?t=103682

Over the years, I have tried all kinds of ways to find a way to predict the market. I know there are folks in Forex that do very well reading charts and profiting from them and my hat is off to them. Maybe I just do not have the gift. I am a gambler, not a professional trader. So, I developed this EA to not care which direction the market goes, only to profit/recover when it goes there.

Manual Mode: Grid lines float so user can choose when to lock channel into place by pushing the start button.
Auto Mode: Grid lines float until start TIME is reached then channel is locked into place AUTOMATICALLY by EA.

Thank you for the compliment on my openness. I too have purchased countless "Holy Grail" EA's, just to be disappointed. I even tried selling my own stuff that way years ago when I thought I had found it. Just to be proved wrong. Now, I post the facts in real time, so people can make their own decisions without any marketing hype.

My goal is NOT to make a living from selling EA's. I just want to trade and make money doing it. If I was a programmer, I would share this on the FF regular forums as I would share it with everyone for free. But, since I have hired a VERY good programmer to code my designs, I do not feel it is unreasonable to charge if someone wants to use it on their live account as they may profit from it also. Because I know there will be changes and updates that need to be made that I will be paying for out of my own pocket for them just so others can benefit. Is that fair?
  • #39
  • Sep 13, 2017 8:44am Sep 13, 2017 8:44am
Quoting ForexScotty
{quote} Good morning JDVA! Thank you for your comments. The time can be set by the user. I just chose the top of the hour to start somewhere. It can be set for 10:10 or 10:06, etc. I am testing on EVERY hour, 24 tests for each pair in order to see pattern establish. I will post when complete And I have found that in many cases, the most profitable trading periods vary by pair. In the example I posted above, USDJPY has its most consistant profitable times during the ASIA market, not so much in the UK, but back again during the US market. Not necessarily...
Yes... that's very fair! Thanks for answering...

When the start botton pushed or time reached EA shows Trading ON otherwise OFF? How many trades can get taken on automode just ONE per day?
EA then needs 8 days for the whole sequence?
I have noticed that the GBP pairs have made nice moves recntly...do you test them as well...f.i. today at 11:30h servertime?
I never lose - either I win or I learn...
  • #40
  • Edited 9:18am Sep 13, 2017 8:53am | Edited 9:18am
Quoting jdva
{quote} Yes... that's very fair! Thanks for answering... When the start botton pushed or time reached EA shows Trading ON otherwise OFF? How many trades can get taken on automode just ONE per day? EA then needs 8 days for the whole sequence? I have noticed that the GBP pairs have made nice moves recntly...do you test them as well...f.i. today at 11:30h servertime?
Thanks jdva! I am testing GBP pairs as well.

Once channel is locked in place either by pushing start button or time. The sequence takes as long as it takes. Could takes several candles or all happen in 1. Or a day or two. On full auto, it will only start 1 sequence per day. But, once I provide the report on best times to trade, or folks do their own back test and find better ones, after the daily AUTO sequence closes in profit, you could turn Auto Trade off and start manually. Maybe getting a couple sequences per day per pair. Or not use auto trade at all, and just start the proper sequence at the best time by clicking the start button.

From first post:

One order will be placed on chart if an entry line is crossed, LONG order for top entry point being crossed or SHORT order if lower entry point is crossed. Stop loss will be just before the opposing entry point.

If an order closes by reversing and hitting the stop loss, the EA will wait until there is a breach of the same or opposing entry point, in which a new order will be opened at a higher lot size based on order value sequence. Sequence will continue until last order in sequence closes in loss, STOP button is clicked, or sequence losses recovered in profit.
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