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Lets try to improve my profitable Grid Correction EA

  • #581
  • Jan 27, 2018 6:12pm Jan 27, 2018 6:12pm
Quoting birpinar
Hello traders, Can someone please explain what's the reason for the failures at the end of your strategy test results? I believe they happen because of the closes at stops. So does not that mean if we close our positions we will face with huge losses no matter how much we gained till that time? In TroyDiane's example, he gained lots of money but at the end his capital diminished from 14000 to as low as 600 dollars when he closed all positions at the end. He had many many losing positions open and we see them as soon as we close all the positions....
Encorep202 is right when he says that:
Quoting Encorep202
{quote} the cause is the martingale progression system used by the EA that will kill your account one day in a strong trend.
The other reason the back test fails at completion, is that the strategy tester closes all open positions at the end. So you have a large floating loss which is closed when the data series finishes.

This large floating loss is caused when a trend occurs and price moves more than about 30-50 pips away from the last order. The dangling orders have not had their TP hit, so continue to draw down, and the TP's don't move down with price anymore. They are fixed in place.

It's a bit hard to see on the strategy tester because it always zooms in on the current price, but if you zoom out, you will see lot and lots of open orders.

What you're seeing at the end of your graph are these open orders closing and the negative equity applied to your balance.
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  • #582
  • Edited 11:10pm Jan 27, 2018 8:58pm | Edited 11:10pm
Quoting birpinar
{quote} So, Encorep, that means I am right and this is no good at the end but people still are very amazed with the success of EA although there is a bankrupt at the end? Pipbeastfx do you really beleive that will be a solution to close all the trades before one hour to the major news? If I do not have a loss before the news, It's pretty good to close and be flat before the news but what will I do If I already have a huge drawdown just before the news? Will I still close the positions and kill my account myself or wait for the news to kill my account...

About this discussion . I want to ask from you if you ever run a trade manually without a Stop loss in your account. and Also Lets say if you have a 99% winning strategy but you will Blow your account some how if your management is not good as your strategy. This is the impotent thins success of Forex trading . You all are here because you still loosing money from Forex. I believe you have tried 100 or thousands of EA. and still you are searching for a best one. Because even 99% present winning EA can blew your account if you don't know or not focusing on Managing your account carefully.

About the TroyDiane Back test result. does any one thing if he use Good % Equity stop the End would be really nice. And also we give option when there is a strong trend and Equity stop hit the we can activate the Delay time from minutes to hours. When Back testing you cannot turn off the EA on news time. but in live trading that's what we do. so back test result may different when it come to live trading. If Troy use the equity stop he will have little draw down with this back testing.

About the News . When we know there is a news we can monitor our trade during that day and close when EA hit the Profit. It's simple thing. When you put live money in to this you need to give some contribute like monitoring the EA for the news day news time or just turn of the EA during that day..You have a EA that make Profit. what you need it carefully manage it to get the best profit cutting the looses.

Also who will trade without withdrawing money. EA will make From 50$ - even 1000$ per a day. So you can withdraw Profit every two days or every week.

Dear traders. when you have a Good EA you need to focus on how to manage it to get the best out of it. As a Example if you have a Little child and when you brought the best baby sitting Robot from the Market . do you let the Robot do anything without monitoring the how Robot take care of the baby. No you Don't. That's what you need to do with the EA to Make the best Profit from it. It's not the Strategy. it's how we manage our account.

For this matter you know you can cut the Risk with Equity stop. and about the News if some person busy with work all time during news day why don't you just turn off the EA. it's just simple. why you take extra risk.

And Thanks for you guys bringing up this conversation. The Arguments and discussion make this a Great tread. Also you can come up with Good management ideas. You know i always care about your feed back.

I have some traders who is testing very trending pairs and they make profit in even straight 250 pip move . so it how we manage the EA to get best out of it.
  • #583
  • Jan 27, 2018 8:59pm Jan 27, 2018 8:59pm
Quoting Coder
{quote} Encorep202 is right when he says that: {quote} The other reason the back test fails at completion, is that the strategy tester closes all open positions at the end. So you have a large floating loss which is closed when the data series finishes. This large floating loss is caused when a trend occurs and price moves more than about 30-50 pips away from the last order. The dangling orders have not had their TP hit, so continue to draw down, and the TP's don't move down with price anymore. They are fixed in place. It's a bit hard to see on...
Dear Coder what is the Setting you use for this test
  • #584
  • Jan 27, 2018 9:07pm Jan 27, 2018 9:07pm
EURGBP
Lots: 0.04
Exponent: 1.2
Maximum Lot: 0.5
Total Lots: 1.0
Take Profit: 4 pips

Back test was from 2nd Jan - 25th Jan 2018
  • #585
  • Jan 27, 2018 9:43pm Jan 27, 2018 9:43pm
Quoting pipbeastfx
{quote} About this discussion . I want to ask from you if you ever run a trade manually without a Stop loss in your account. and Also Lets say if you have a 99% winning strategy but you will Blow your account some how if your management is not good as your strategy. This is the impotent thins success of Forex trading . You all are here because you still loosing money from Forex. I believe you have tried 100 or thousands of EA. and still you are searching for a best one. Because even 99% present winning EA can blew your account if you don't know...

I think pipbeast made a good point.
every trader should be responsible for his own decision.

If you decide to use this EA in live trading, you should always aware the red news.
My personal suggestion is to stop running EA for that pair when big news is coming today.
  • #586
  • Jan 27, 2018 11:55pm Jan 27, 2018 11:55pm
Quoting pipbeastfx
{quote} About this discussion . I want to ask from you if you ever run a trade manually without a Stop loss in your account. and Also Lets say if you have a 99% winning strategy but you will Blow your account some how if your management is not good as your strategy. This is the impotent thins success of Forex trading . You all are here because you still loosing money from Forex. I believe you have tried 100 or thousands of EA. and still you are searching for a best one. Because even 99% present winning EA can blew your account if you don't know...
Pipbeastfx This is an amazing piece of work you have not only created but shared it with the wider community. I am more and more amazed at the education that is available on forex factory and the time and effort put into this forum. These Expert advisors would sell and are selling for anything from 150 to 600 dollars.
They will blow your account too. There is a YouTube video of a marketed expert advisor for grid trading. He explains it well. No one can predict a range or a trend with precision but they do so with probability in their favour and run this expert as long as they can Milk it until it blows, then start again.
The secret again seems to be money management. Use only a 200 or 300 dollar account and set the expert to the no of grids that it will survive and with the right settings the milking is longer than the blowouts.
Wonderful expert advisor, have not tested extensively but potential abounds in what one can achieve with thus brilliant piece of art.
Malcolm
  • #587
  • Jan 28, 2018 12:49am Jan 28, 2018 12:49am
Quoting Coder
{quote} Encorep202 is right when he says that: {quote} The other reason the back test fails at completion, is that the strategy tester closes all open positions at the end. So you have a large floating loss which is closed when the data series finishes. This large floating loss is caused when a trend occurs and price moves more than about 30-50 pips away from the last order. The dangling orders have not had their TP hit, so continue to draw down, and the TP's don't move down with price anymore. They are fixed in place. It's a bit hard to see on...

Best Example To Manage the account With the EA. Our nice Member Coder Run a Back test of EUR-GBP 5 Min from 2nd of Jan t 25th of Jan 2018. He was using Different settings
I was running the same test same days from a 2000$ account But I was using Low Risk settings.

Lot 0.01
Lot Exponent 1.1
Max Lot 0.08
Lot Limit 0.08
Take Profit 30 (3 pip)

And i got Following result. 363.63$ Profit just withing 19 days using very low risk settings (Without stopping the EA on news) . So it's always about Managing your Risk. here i didn't activate the Equity stop. If you activate that you are always safe with making nice Profit .

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  • #588
  • Edited 2:48am Jan 28, 2018 1:40am | Edited 2:48am
Hi there,

Looks like an amazing EA and I cant test it?!

I tried everything, but I still cant get it to work. Here the error message. Cant even backtest in strategy tester.
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  • #589
  • Jan 28, 2018 2:47am Jan 28, 2018 2:47am
Quoting bmcgowra
Hi there, Looks like an amazing EA and I cant test it?! I tried everything, but I still cant get it to work. Allow Dll imports is on. Here the error message. Cant even backtest in strategy tester. {image}
Ok, finally fixed my problem. Posting it here, in case anyone else has this problem.
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  • #590
  • Jan 28, 2018 3:01am Jan 28, 2018 3:01am
Is there an option to change the comment, so I can test multiple settings on the same MT4 terminal???
  • #591
  • Jan 28, 2018 3:32am Jan 28, 2018 3:32am
Quoting pipbeastfx
{quote} About this discussion . I want to ask from you if you ever run a trade manually without a Stop loss in your account. and Also Lets say if you have a 99% winning strategy but you will Blow your account some how if your management is not good as your strategy. This is the impotent thins success of Forex trading . You all are here because you still loosing money from Forex. I believe you have tried 100 or thousands of EA. and still you are searching for a best one. Because even 99% present winning EA can blew your account if you don't know...
I want to thank Pipbeastfx for its positive approach to criticism. This is the right attitude for improvement, making the discourse profitable. I share your answer.
My messages are meant to be a stimulus for the discussion to be directed to the solution of the possible causes of loss-
As posted earlier I will continue to test the EA looking for weaknesses and trying, in my small way, to give answers.
Thank you all sincerely.
  • #592
  • Jan 28, 2018 4:28am Jan 28, 2018 4:28am
Guys, just take my advice. Put your lot exponent to 1.1.

Go back a couple pages on this thread. I showed you how I didn't even hit 20% DD with two wild trend moves on GBPUSD. One was a 250 pip move and one was 170 I think.

I will continue using GBPUSD for testing purposes only. As for the best pairs to use? In my opinion pairs with an ADR of less than 100.

I didn't switch the ea off during news, again for testing purposes and it survived well. In live trading however, just don't trade on days with red news. Simple
  • #593
  • Jan 28, 2018 4:34am Jan 28, 2018 4:34am
That's why I do not agree on the use of Equity Stop. It will prolong your agony.

Stop a day after Equity Stop
Test 1: with Equity Stop.
Test 2 no Equity Stop.
Reference month: May 2017

is it true that we can close the EA before the news, but for what is not on the calendar as we do?
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  • #594
  • Jan 28, 2018 5:04am Jan 28, 2018 5:04am
Quoting Encorep202
That's why I do not agree on the use of Equity Stop. It will prolong your agony. Stop a day after Equity Stop Test 1: with Equity Stop. Test 2 no Equity Stop. Reference month: May 2017 is it true that we can close the EA before the news, but for what is not on the calendar as we do? {image} {image}

Encorep202 may i know about your Manual trading. Do you consider news when trading or Just ignore them. also what happen there is a major news that's not on calendar. Lets say you are short on GBP USD and there is a Bomb Blast or president trump make a key discussion that bring the Dollar Value down. If you set your trade Sl or you just let it run free. Will you let the trade run free on your manuall trading even dollar getting weeker

This is the same thing you mention about here. and about the news that's not in the calendar . Expert adviser mean It run the given code on the MT4. that's not mean EA know everything about what will happen in market in future. EA need human involve. If there is a EA that doesn't need human involve and management then we all are not here to make this EA great. you all will be Running that EA all of your account and don't even look at the chart for a month. But Sorry to say there is no such kind of EA ever created.

EA can make Profit. and some times we need to think how to get the best out from the EA
  • #595
  • Jan 28, 2018 5:11am Jan 28, 2018 5:11am
Quoting bgntrs
Guys, just take my advice. Put your lot exponent to 1.1. Go back a couple pages on this thread. I showed you how I didn't even hit 20% DD with two wild trend moves on GBPUSD. One was a 250 pip move and one was 170 I think. I will continue using GBPUSD for testing purposes only. As for the best pairs to use? In my opinion pairs with an ADR of less than 100. I didn't switch the ea off during news, again for testing purposes and it survived well. In live trading however, just don't trade on days with red news. Simple

Bgntrs You are the one of best example to traders who use EA with the managing Risk . Always you manage to catch a strong trend and Take the Profit from it with less draw down. And also testing different pairs with different settings. That's what we need
  • #596
  • Jan 28, 2018 5:18am Jan 28, 2018 5:18am
Quoting Encorep202
That's why I do not agree on the use of Equity Stop. It will prolong your agony. Stop a day after Equity Stop Test 1: with Equity Stop. Test 2 no Equity Stop. Reference month: May 2017 is it true that we can close the EA before the news, but for what is not on the calendar as we do? {image} {image}
The reason for i'm asking an equity hard sl in $ instead of % is that you can choose when stop Ea when max dd is reached.. Ea seems good and profitable most of the time so if we are able to avoid and stop it with realtvie small loss and restart when trending moment is finished maybe could be ok.
I'm waiting for this to try and backtest with good data 99% that i have...
Thanks
Regards
  • #597
  • Jan 28, 2018 5:18am Jan 28, 2018 5:18am
Quoting pipbeastfx
{quote} Bgntrs You are the one of best example to traders who use EA with the managing Risk . Always you manage to catch a strong trend and Take the Profit from it with less draw down. And also testing different pairs with different settings. That's what we need
I agree. But we also need to find a way to reduce the risk in general. Someone suggested hedging.? I wonder if there are other ideas?
  • #598
  • Jan 28, 2018 5:21am Jan 28, 2018 5:21am
Quoting cescof
{quote} The reason for i'm asking an equity hard sl in $ instead of % is that you can choose when stop Ea when max dd is reached.. Ea seems good and profitable most of the time so if we are able to avoid and stop it with realtvie small loss and restart when trending moment is finished maybe could be ok. I'm waiting for this to try and backtest with good data 99% that i have... Thanks Regards
Many good ideas here!
  • #599
  • Jan 28, 2018 5:25am Jan 28, 2018 5:25am
My vote is for spike detection. When there is a spike, stop adding new trades. Or option to hedge when a spike is detected.
  • #600
  • Jan 28, 2018 5:32am Jan 28, 2018 5:32am
Sorry for my bad language, my 2 cents...
Choose low volatily pairs, under 90 atr, for example EC, EG...EU is inder 100, boring pairs
no stop loss,
manualy close order that goes over 100 pips in DD, or manualy close all basket. At some point we have to admit that we are at opposite side of market
build your acc slowly
Im testing EA for last 10 days with nonconstant results, 2% up
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