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Lets try to improve my profitable Grid Correction EA

  • #161
  • Jan 17, 2018 11:11am Jan 17, 2018 11:11am
Quoting hibra68
{quote} How long did u use them? Were you able to withdraw any money? You know even if you make a million dollars it means nothing if you cant withdraw your money.
Ive had a live mini account with them for about 6 months...yes taking money out is easy...good broker but the web site is a bit hard to navigate
I was referred by a friend who has had a live account for 16 months...no bad reports from him so far

I heard tradersway was not good...dont know about others
  • #162
  • Jan 17, 2018 11:12am Jan 17, 2018 11:12am
Quoting Elovv
Questin about time setting in EA Friday close time in EA, I guess its the time on Marketwatch? Or computertime? Default is close Friday 17.00, open Monday 00.00 Which time do You prefer in GMT time? For IC market close 17.00 is 15.00 GMT and open 00.00 is 22.00 GMT on sunday Regards
Elovv It's Market watch time.
  • #163
  • Jan 17, 2018 11:13am Jan 17, 2018 11:13am
I just back tested 2017 Eur/Usd

model: every tick

lot: .01

5000. blown up

10000 blown up
25000 gained 50%


So I dunno much about backtesting. Can someone with good knowledge of backtesting do a bactest on Eur/USd for 2017 and confirm the above results.

If the results are correct than a modification has to be made.
  • #164
  • Jan 17, 2018 11:25am Jan 17, 2018 11:25am
[quote=hibra68;10682385]I just back tested 2017 Eur/Usd model: every tick lot: .01 5000. blown up 10000 blown up 25000 gained 50% So I dunno much about backtesting. Can someone with good knowledge of backtesting do a bactest on Eur/USd for 2017 and confirm the above results. If the results are correct than a modification has to be made.[/quo

I have never had luck back testing...and when I run them on live they do much better...who knows!
  • #165
  • Jan 17, 2018 11:32am Jan 17, 2018 11:32am
Quoting pipbeastfx
{quote} Elovv It's Market watch time.
Thanks!
I think Your EA are very promissing.
Which GMT time do You recommend to close on friday and open monday?
Regards
  • #166
  • Jan 17, 2018 11:35am Jan 17, 2018 11:35am
EURGBP USDJPY EURCHF

Lot : 0.03

1:500 ICMarket ECN

Started 12 hours ago . low spreads makes diff . am not going to trun off the EA during the high impact news or the weekends

lets see how it goes

Thanks for this nice EA
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  • #167
  • Jan 17, 2018 11:43am Jan 17, 2018 11:43am
[quote=pipster59;10682431]
Quoting hibra68
I just back tested 2017 Eur/Usd model: every tick lot: .01 5000. blown up 10000 blown up 25000 gained 50% So I dunno much about backtesting. Can someone with good knowledge of backtesting do a bactest on Eur/USd for 2017 and confirm the above results. If the results are correct than a modification has to be made.[/quo I have never had luck back testing...and when I run them on live they do much better...who knows!
Yes but unless you run them live for 1 year straight you cannot confirm that.

That is why I said we need someone with experience on backtesting to check and confirm our results.

ps. there are alot of EA's out there that perform excellent in backtests but fail miserably during live trades not the other way around.
  • #168
  • Jan 17, 2018 11:49am Jan 17, 2018 11:49am
[quote=hibra68;10682495]
Quoting pipster59
{quote} Yes but unless you run them live for 1 year straight you cannot confirm that. That is why I said we need someone with experience on backtesting to check and confirm our results. ps. there are alot of EA's out there that perform excellent in backtests but fail miserably during live trades not the other way around.
your right...I look at trading as stacking my odds in my favor, so I wont wait a year...way to long for me and back testing stinks
even if I let the EA only run during the slow part of the day it will make enough for me.

So at some point your going to have to just either let it trade or try something else.

Good luck on either
  • #169
  • Jan 17, 2018 12:09pm Jan 17, 2018 12:09pm
[quote=pipster59;10682504]
Quoting hibra68
{quote} your right...I look at trading as stacking my odds in my favor, so I wont wait a year...way to long for me and back testing stinks even if I let the EA only run during the slow part of the day it will make enough for me. So at some point your going to have to just either let it trade or try something else. Good luck on either
This is why I was testing .10 lots.

You can withdraw say 60% out at the end of week or day. And than restart.

You might avoid being blown. At least you might double your account before account blows.
  • #170
  • Jan 17, 2018 12:40pm Jan 17, 2018 12:40pm
Ok update, it just closed with a lost.

It was up from 9750 to 13000

now it closed all open orders and went down to 7400

and reopened with more sells and again is down to 50% of the account within minutes. so i close the EA

this all happened very quickly within 60 pips.

So the market kept going up and the EA kept selling. It closed all losing trades and than started selling again even though market kept going up and same thing happened.

Why would it do that?

I ask this because there were times when it opened all buy trades when the market kept going down and there were times when it opened counter trades but it did not do that this time around.
  • #171
  • Jan 17, 2018 12:42pm Jan 17, 2018 12:42pm
Can someone backtest 4 or 5 years with 25000 and .01 lots.

25000 and .01 lot made 50% in 1 year( 2017)

I cant backtest that far, I dunno how to load more historical data.
  • #172
  • Jan 17, 2018 1:35pm Jan 17, 2018 1:35pm
Quoting hibra68
Ok update, it just closed with a lost. It was up from 9750 to 13000 now it closed all open orders and went down to 7400 and reopened with more sells and again is down to 50% of the account within minutes. so i close the EA this all happened very quickly within 60 pips. So the market kept going up and the EA kept selling. It closed all losing trades and than started selling again even though market kept going up and same thing happened. Why would it do that? I ask this because there were times when it opened all buy trades when the market kept going...
if it was a demo account it was probably software, if it was live it was a broker

here is my account statement showing mine didnt have that issue

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  • #173
  • Jan 17, 2018 1:47pm Jan 17, 2018 1:47pm
ok...my demo account now has a large draw down...if I close the trades now I would be down almost 3000
im going to let it run and see what happens
  • #174
  • Jan 17, 2018 1:49pm Jan 17, 2018 1:49pm
[quote=hibra68;10682578]
Quoting pipster59
{quote} This is why I was testing .10 lots. You can withdraw say 60% out at the end of week or day. And than restart. You might avoid being blown. At least you might double your account before account blows.
Your approach to this is a interesting way to look at it...
  • #175
  • Jan 17, 2018 2:40pm Jan 17, 2018 2:40pm
Hy... im in backtet and forward test but today to many pairs and GBP killed my demo account...
Just one suggest... is it possible add equity risk also in fixed money es 500$ .... (now is in %)
Thanks
Regards
  • #176
  • Jan 17, 2018 3:02pm Jan 17, 2018 3:02pm
so for all here...
I have always wanted an EA that would initially place a buy and a sell then close out the trades that was not making money and let the other trade run
it should be based on time and news...has anyone seen this type of EA or know how to get one?

back to the current EA...I didnt get taken out with the drop that hit many of us...now the account is coming back

thoughts?
  • #177
  • Jan 17, 2018 3:47pm Jan 17, 2018 3:47pm
The trend coming in UJ. The EA is hot now
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  • #178
  • Jan 17, 2018 4:06pm Jan 17, 2018 4:06pm
no one seem to mention which timeframe they are using im guessing everyone's on 5min
  • #179
  • Jan 17, 2018 4:40pm Jan 17, 2018 4:40pm
Quoting hibra68
{quote} Something wrong with that backtest. Well u cant trust backtests anyway. There is no way this EA blown up with .01 and $5000 I used .10 with 10000 and it went to more than 50% drawdown and still recovered.
I can assure you there is nothing wrong with my backtest.
I have run it multiple times on different computers and it is
not the first EA i run backtests against.

And you are right, backtests are not to be trusted, you need a forward test as well which i am doing right now.
And as i write this, the foreward test is doing the same thing.
Starting with 5000 € late Monday this week it went up to 5360 € and now the equity is down to about € 4700.
The positions are still open. (Default settings on EURGBP and USDJPY)

Today i ran some backtests with other currency pairs and with other settings. Same results.
It nearly always blows the account. Some were able to survive and some even made some profit.
Yet it still seems like playing Russian roulette.

As far as i can tell, this EA is hedging (which is ok but not allowed in the USA as far as i know)
and i think, that there is some sort of martingale involved. (Which is really bad because it will blow your account
sooner or later. Why do i think that? Because it increases Lot size on new trades when the former trades
were lost.

Starting with a desposit of 5000 € the EA starts opening trades with 0.01 lots (as set in the settings) and later on it opens trades with up to 1.3 lots. It tries to win the money back. That's gambling not trading.
  • #180
  • Jan 17, 2018 4:57pm Jan 17, 2018 4:57pm
And as far is i can see, the EA is doing good in ranging markets but as soon as a trend is starting it just blows up
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