Looking for an EA to test my theory - TBA ForexScotty's EA | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Back Test vs Forward Test 6 replies

Looking for EA's to test 6 replies

Need Help: Looking for indicators/dll for normality test 0 replies

Why EA test is forward test better than back test?? 1 reply

EUR/USD - looking to test key support 0 replies

Attachments: Looking for an EA to test my theory - TBA ForexScotty's EA
Exit Attachments

Looking for an EA to test my theory - TBA ForexScotty's EA

  • #21
  • Mar 13, 2018 4:44pm Mar 13, 2018 4:44pm
Now, obviously we can not determine how far the market price will travel and it is not 100% correct. But, it seems to be correct enough to assign probability.

Figuring out best exits and better filtering is what I hope we can work together on.
  • #22
  • Mar 13, 2018 4:52pm Mar 13, 2018 4:52pm
Predicting the market is what we are all after. So far, for a few candles at least. I believe this has the potential to make some pips. But watching for them every 30 minutes on the m30 can be a challenge. Especially if you have a day job and want to sleep on occasion. Hence an EA
  • #23
  • Edited 6:41pm Mar 13, 2018 5:30pm | Edited 6:41pm
If this turns out to have value and if people use it and make money, just promise me you send me a LIKE or maybe buy me a drink sometime.

If it turns out to be another failed search, you are welcome to sit in your chair and laugh!

But you cannot say "I told you so" unless you can offer a viable reason why this would not work.
  • #24
  • Edited 5:25pm Mar 14, 2018 5:00pm | Edited 5:25pm
Trade Explorer added on the first version of EA Arby has given me. At this time, the EA only opens orders when the CCI hits + or - 100 on the CCI with the other indicators as described on first post.He is working on update where it will simply check the condition of the CCI if it is at or above 100, or at or below -100.

Also added a MyFXBook page https://www.myfxbook.com/members/FXS...y-test/2458553

I have added an EA to the account with a Trailing Stop for testing.

One question I have for the forum. Does anyone know of an EA, that will close an existing order at profit at candle close. In other words, the entry algorithm is pretty darn accurate, but since there is no way to know how far the price will go, I would like to try closing the order at candle close, maybe after 1 or 2 candles once trade is in profit.
  • #25
  • Edited 5:31pm Mar 14, 2018 5:04pm | Edited 5:31pm
I don't want to send a bunch of requests to Arby if there is something I can test myself to see if it is valid. If it turns out to be valid, then we can see if Arby will include it.
  • #26
  • Edited 6:32pm Mar 14, 2018 6:19pm | Edited 6:32pm
With the posting of a trade explorer and myfxbook page, Until there is a change (new version), I do not want folks to focus on the gains or profit of the EA. We are not there yet. What we are looking for at this date moving forward is win rate. Once we validate a high win rate is established, then we have confirmed the entry algorithm is valid. Then we can start work on the body of the trade and the exit to bring in the gains and profit.
  • #27
  • Mar 14, 2018 9:11pm Mar 14, 2018 9:11pm
Quoting ForexScotty
Trade Explorer added on the first version of EA Arby has given me. At this time, the EA only opens orders when the CCI hits + or - 100 on the CCI with the other indicators as described on first post.He is working on update where it will simply check the condition of the CCI if it is at or above 100, or at or below -100. Also added a MyFXBook page https://www.myfxbook.com/members/FXS...y-test/2458553 I have added an EA to the account with a Trailing Stop for testing. One question I have for the forum. Does anyone know...
Hi, you can try Post 30 here: https://www.forexfactory.com/showthr...=235952&page=2
I have a different tool from my broker that has the on candle, but has to be set up manually only after a trade is open so it will not be useful to you.
A key to good trades is having a Risk:Reward ratio of >1, so maybe for your forward testing you can just set a fixed TP of (x)*SL, x= 1 to 3 and see how you go over the next few weeks/months.
Best of luck,
Tzamo
"Work hard, put in the effort, and follow your dreams..." -Me
  • #28
  • Mar 14, 2018 9:36pm Mar 14, 2018 9:36pm
Quoting tzamo
{quote} A key to good trades is having a Risk:Reward ratio of >1, so maybe for your forward testing you can just set a fixed TP of (x)*SL, x= 1 to 3 and see how you go over the next few weeks/months. Best of luck, Tzamo
Thank you, but risk/reward ratios will come later. At this stage, we are identifying and confirming the probability of specific entry points based on the indicators described and correlation identified. Just because the correlation may validate a future continuing move in the direction of the correlation, there is nothing yet to validate the move will be strong enough to close a 3x TP versus a 1x SL.
  • #29
  • Mar 14, 2018 9:41pm Mar 14, 2018 9:41pm
Just for fun, I took Arby's EA which only trades based on the correlation and threw a 8 pip SL with a 24 Pip TP. Once the EA has more filters it can be played with more.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 39 KB
  • #30
  • Edited Mar 15, 2018 12:43am Mar 14, 2018 11:46pm | Edited Mar 15, 2018 12:43am
Quoting ForexScotty
Just for fun, I took Arby's EA which only trades based on the correlation and threw a 8 pip SL with a 24 Pip TP. Once the EA has more filters it can be played with more. {image}
i will code what you want please tell you conditions with detail at { email address deleted by staff }
  • #31
  • Mar 15, 2018 8:39am Mar 15, 2018 8:39am
Quoting Fxbhopal
{quote} i will code what you want please tell you conditions with detail at { email address deleted by staff }
Thanks Fxbhopal, Arby1108 is currently working on it as far as I know.
  • #32
  • Mar 15, 2018 8:41am Mar 15, 2018 8:41am
Quoting ForexScotty
{quote} Thank you, but risk/reward ratios will come later. At this stage, we are identifying and confirming the probability of specific entry points based on the indicators described and correlation identified. Just because the correlation may validate a future continuing move in the direction of the correlation, there is nothing yet to validate the move will be strong enough to close a 3x TP versus a 1x SL.
Even now, I am only using a 8 pip target with a BE just to test probability of wins versus losses. But even an 8 pip target is an arbitrary number as it does not take into consideration the overall chart conditions.
  • #33
  • Mar 15, 2018 9:45am Mar 15, 2018 9:45am
If this is a discussion. Please post the EA here instead of private emails.

That way other can test and contribute to this.
  • #34
  • Mar 15, 2018 9:50am Mar 15, 2018 9:50am
Quoting cdsaa
If this is a discussion. Please post the EA here instead of private emails. That way other can test and contribute to this.
I agree 100%. The only version he sent me was to confirm the logic. I am hopeful once he corrects a couple items I mentioned, he will post here or ask me to do so.
  • #35
  • Edited 4:18pm Mar 16, 2018 11:23am | Edited 4:18pm
I noticed when I setup the MyFXBOOK verified account page for this thread, I used their investor password and forgot to change the Trade Explorer. And since I did not write down the MyFXBook investor password, I had to delete and recreate the MyFXBook Verified account so I could reactivate the TE.

FF TE updated now and the myFXbook here. https://www.myfxbook.com/members/FXS...est-v1/2460905
  • #36
  • Mar 16, 2018 11:25am Mar 16, 2018 11:25am
BTW - Spoke to Arby and the EA is still being worked. As it is on Arby's spare time, I am not going to rush. When a forum testable version is ready, I will post it.
  • #37
  • Edited 7:21pm Mar 16, 2018 1:19pm | Edited 7:21pm
Added 2nd TE with corrected version of the EA that is for validating entries only. Once I have Arby's permission to post I will add it so the forum can help see the win rate based on small Pip exit. But since the first version did so well with entries AT CCI +100 or -100, I will run them side by side.

Then if more is needed, we can look at exit strategy and bad entry filters.

Currently, the EA opens trades automatically but with no other filters. I have to add either my own management or guess as to what the TP might be.
  • #38
  • Mar 16, 2018 4:20pm Mar 16, 2018 4:20pm
Quoting ForexScotty
I noticed when I setup the MyFXBOOK verified account page for this thread, I used their investor password and forgot to change the Trade Explorer. And since I did not write down the MyFXBook investor password, I had to delete and recreate the MyFXBook Verified account so I could reactivate the TE. FF TE updated now and the myFXbook here. https://www.myfxbook.com/members/FXS...est-v1/2460905
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 105 KB
  • #39
  • Edited 7:17pm Mar 16, 2018 7:01pm | Edited 7:17pm
Other than the request by someone already asking for an EA, does anyone on the forum have anything or an interest to contribute? Has anyone looked at the correlation I identified on a chart from post #1? Does it mean anything to anyone and does it warrant deeper analysis? Or, be dropped as coincidence?

If the correlation indicates high probability of price continuation after the correlation, does anyone have any ideas of what could be used to project how far the price could move? Tzamo and Arby have offered interest and I look forward working together with them if they are the only ones.

Any ideas if there might be an indicator or methodology that can be used to provide probability of the potential price move once the correlation is identified?

Still curious of the value of developing (note: i said "developing", not "developed") an EA that is a forum based collaboration.
  • #40
  • Mar 16, 2018 7:38pm Mar 16, 2018 7:38pm
If the Forum is not interested, I can take it offline for those that are interested. After 4000 thread views, I have to assume that no one can answer the questions I pose.Which is perfectly reasonable.
0 traders viewing now