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Expert Advisor which can survive for more than a year!

  • #61
  • Dec 20, 2017 12:05pm Dec 20, 2017 12:05pm
With this new logic, the EA started cutting off losing positions, if it works then DD% will be under control.

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  • #62
  • Dec 20, 2017 8:53pm Dec 20, 2017 8:53pm
After updating the code, the EA went wrong. It is not due to the "cut-off" logic, rather at the same time I updated the "Risk based on Trading Hour" that calculation went wrong. It caused maximum DD! It started trading with crazy lots and positions! And I was away ..taking some rest

Seems tough day .. lets see
  • #63
  • Dec 20, 2017 10:08pm Dec 20, 2017 10:08pm
Quoting rekon67
{quote} Yes, I think it is easy to implement, the losing positions are main cause of equity drawdown. From the day one the EA should take care of the losing positions. I have tried few tricks before but not much success yet, seems this one will work.
Equity is more important than balance. Therefore cut off the biggest loser(s) against the biggest winner(s). Even if you end up break even. But otherwise you will risk that the gap between Balance and Equity grows bigger and bigger, until you eventually get Margin Call.

Other than that: Respect for your work and this thread from a fellow EA developer. Wishing you good luck and all the best!

I'm also working on something which has amazing Backtest results (using 99.9% Real Tick Data Quality, variable Spread and Slippage) and forward testing it on various brokers since a few days. Also IC Markets. If it performs good, I maybe go public with it. But only maybe ...
  • #64
  • Dec 20, 2017 11:41pm Dec 20, 2017 11:41pm
Quoting mw108
{quote} Equity is more important than balance. Therefore cut off the biggest loser(s) against the biggest winner(s). Even if you end up break even. But otherwise you will risk that the gap between Balance and Equity grows bigger and bigger, until you eventually get Margin Call. Other than that: Respect for your work and this thread from a fellow EA developer. Wishing you good luck and all the best! I'm also working on something which has amazing Backtest results (using 99.9% Real Tick Data Quality, variable Spread and Slippage) and...
Nice summation, yes working on this point only. Thanks for stopping by.
  • #65
  • Dec 21, 2017 4:23am Dec 21, 2017 4:23am
I was bit scared today morning, but with GOD gress, situation is under control

The error which caused crazy trading - thus high drawdown is fixed now, all positions are stable, cutting-off losing positions is active. We are all good at the moment.

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  • #66
  • Dec 21, 2017 4:28am Dec 21, 2017 4:28am
On the screen - it will show today's profit and then the order/position number which EA is targeting to cut-off - account will be still in profit for the day after cutting off this position.

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  • #67
  • Dec 21, 2017 4:38am Dec 21, 2017 4:38am
The logic I am trying to put here is,

EA trades with 20% equity --> It gains ~5% in a day --> It cuts off 1 to 2 % in case losing/stell position = Overall profit ~3% daily with drawdown ~20%.

Thats the EA I am trying develop here.

Let me know your thoughts
  • #68
  • Dec 21, 2017 4:44am Dec 21, 2017 4:44am
This is what scared a $$hit out!

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  • #69
  • Dec 22, 2017 9:50am Dec 22, 2017 9:50am
EA has done no trade today. There are still open positions which opened by the EA because of the same incorrect count on lots and positions ... i hope this will be alright by today eod.

In the meantime I am thinking on implementing the last guard to be on the very safe side of trading by introducing market corelation. See below.

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Idea is to trigger this when X amount or % in loss - then execute the "Guard" based on corelation to hedge and profit to cut off lose. I hope I am clear. Let me know for questions.
  • #70
  • Dec 22, 2017 11:06am Dec 22, 2017 11:06am
London closed! next few hours should USD go up?

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  • #71
  • Dec 22, 2017 3:25pm Dec 22, 2017 3:25pm
Closing this week successfully. It was an experimental one. It reached highest DD but able to come out with green pips. Few more repairing is needed, hopefully at the begining of 2018 it will be all ready to trade the market and sustain!

Happy holidays All

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  • #72
  • Dec 22, 2017 3:27pm Dec 22, 2017 3:27pm
RekonX Trading Nov-Dec 2017

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  • #73
  • Dec 22, 2017 3:30pm Dec 22, 2017 3:30pm
RekonX Live Trading Statistics Nov-Dec 2017

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  • #74
  • Dec 29, 2017 9:51am Dec 29, 2017 9:51am
Wishing All a very happy and prosperous new year ahead!

Some quick facts and notes I have to share, so thought of logging here

Below is the Stats of the EA after running a month with around 3390 trades for 17 currency pairs!

There was options for me to stop the EA and withdraw good profit but I chose not to do that instead working on it continuous basis unless it ran out of equity!

I applied logic after logic, I did not let it run when I knew some of the "WHAT-IFS" are still missing, I continued searching the missing links and adding them.

I gave it massive amount of challanges - the far I can think of. It started failing.

It gone to the danger zone couple of times with drawdown ~ 67%, but amazingly it came back in next hour!

So, I can see it survived for a month with $490 equity in Live. I am releasing few instruments which has shown poor performance. May be this is not an universal EA after all! But will see in next month how it survives against all ODDs.

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  • #75
  • Dec 29, 2017 10:04am Dec 29, 2017 10:04am
How much the EA should trade?

I used to have this opinion that if I trade good then I need to trade less and I will be less vulnarable to lose money. Now days have changed. We have good brokers who pays interest based on the days positions are open also we have few rebate partners who provides excellent money to get your broker account tagged with them.

So, I have developed the EA to do maximum possible trades every hour, ofcourse we can limit them based on which hour to trade and maximum open positions, maximum lot etc.

Fact is, due to high amount of trade volume, my rebate partner is paying good money which I believe will give excellent return if RekonX EA just able to survive month after month, profit made out of it will be truly a by-product, then.

Happy Trading & Holidays All
  • #76
  • Dec 30, 2017 12:41am Dec 30, 2017 12:41am
Below are the latest updates on the RekonX EA.

Buletted point is - I wanted to reduce the gap between balance and equity, this is the key to sustain for a longer run. Please review GBPJPY trades and share your comments.


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  • #77
  • Dec 30, 2017 12:59am Dec 30, 2017 12:59am
Quoting rekon67
Below are the latest updates on the RekonX EA. Buletted point is - I wanted to reduce the gap between balance and equity, this is the key to sustain for a longer run. Please review GBPJPY trades and share your comments. https://youtu.be/ppVDFX_yYDI https://youtu.be/fS7f87F7zy0
The end result is quite obviously good but on the technical side the sharp ratio would not be good. Risk reward is the problem I see. Easy to point out problems - fixing them is by far the difficult part. Not knowing the logic it's hard to point to a solution - however, it seems to me that there must be a way to let some of the winning trades run much further?
  • #78
  • Dec 30, 2017 1:08am Dec 30, 2017 1:08am
Quoting Telac
{quote} The end result is quite obviously good but on the technical side the sharp ratio would not be good. Risk reward is the problem I see. Easy to point out problems - fixing them is by far the difficult part. Not knowing the logic it's hard to point to a solution - however, it seems to me that there must be a way to let some of the winning trades run much further?
I can keep winning trades unless trend is changing -- good point and thanks for sharing... will update the result with this change.

In strategy tester I am just using one currency pair but in Live I will be using a currency portfolio - the way script is written the EA finds more challange while trading with only one instrument but it can really unleash itself when you compliment with more! Means, it is easy for the EA to trade and profit when you are giving it 5 to 10 good performing instruments. So if it is sustaining with only one it means it is doing great!
  • #79
  • Dec 30, 2017 1:09am Dec 30, 2017 1:09am
I will be shortly sharing one year result with deposit $500, leaverage 500:1 Account, trading EURUSD.
  • #80
  • Dec 30, 2017 1:32am Dec 30, 2017 1:32am
Well, I ran the EA on last one year data, it took about one hour to complete test at high speed.

Only objective was to see if it able to sustain through the period, and wallh! it did!

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