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

  • #121
  • Mar 23, 2018 9:21pm Mar 23, 2018 9:21pm
Yes, on v1.5 no signals at all during backtest. :-(
  • #122
  • Mar 24, 2018 6:33am Mar 24, 2018 6:33am
After backtesting for a while... Doesn't look that great, it does very well when market is trending beautifully, you get almost all the movement, but if you stick to the rules, you also lose a lot of pips.
Building a Freedom All Time Return: 5,178.8%
  • #123
  • Mar 24, 2018 8:47am Mar 24, 2018 8:47am
Quoting arby1108
I try to add your trailing EA to the robot, please try it {file}
Hi Arby, cant'seem to get 1.5 to open trades. I appreciate the help.
  • #124
  • Mar 24, 2018 8:47am Mar 24, 2018 8:47am
Quoting J1mm
After backtesting for a while... Doesn't look that great, it does very well when market is trending beautifully, you get almost all the movement, but if you stick to the rules, you also lose a lot of pips.
Hi J1mm, are you referring to your charts or v1.5?
  • #125
  • Mar 24, 2018 5:26pm Mar 24, 2018 5:26pm
sorry, it is working now.

please share your set file of your Trailing EA.
Attached File(s)
File Type: ex4 ScottyEA FX v1.6.ex4   51 KB | 367 downloads
  • #126
  • Mar 24, 2018 5:39pm Mar 24, 2018 5:39pm
Thanks Arby!

I tried posting the set file but FF would error out. Here are the screen shots.

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  • #127
  • Mar 24, 2018 5:54pm Mar 24, 2018 5:54pm
Here is the actual EA I use if it is helpful.
Attached File(s)
File Type: ex4 Compuforex_Trail_Multi_SL_v1.91.ex4   28 KB | 285 downloads
  • #128
  • Mar 24, 2018 5:58pm Mar 24, 2018 5:58pm
Quoting ForexScotty
{quote} Hi J1mm, are you referring to your charts or v1.5?
Hello! My charts
Building a Freedom All Time Return: 5,178.8%
  • #129
  • Mar 24, 2018 6:04pm Mar 24, 2018 6:04pm
Quoting J1mm
{quote} Hello! My charts
Ok...Good! You saw the value of looking at charts over a period to test a theory. Thank you! An EA does not have eyes or a brain, it only sees what it is programmed to look at on a tick per tick basis. We have to find consistency in the markets across indicators that if 1+1+1=3 then 3 will equate to more than 1+1-1 = 2 and the wins will be greater than the losses.
  • #130
  • Mar 24, 2018 6:08pm Mar 24, 2018 6:08pm
On this thread, we are evaluating the correlation of the CCI, AO, and HA

CCI, AO and HA = LONG LONG LONG = +1
Price consistently moves to target to create BE = +1
Price closes in Profit =+1
  • #131
  • Mar 24, 2018 6:17pm Mar 24, 2018 6:17pm
We need to look at 3 factors when considering a trade.

The entry.
CCI, AO and HA = LONG LONG LONG = +1

  1. This is beginning to prove itself as a consistent point of entry for trading


The body
Price consistently moves to target to create BE = +1

  1. A point that has an historic value that when 3 indicator correlation hits, will protect investment.


The exit
Price closes in Profit =+1

  1. We do not know how long price will run, so capture pips in profit and move on

  • #132
  • Mar 24, 2018 6:31pm Mar 24, 2018 6:31pm
Remember - we do not care about finding the perfect trade each and every time. Losses will happen - get used to it.

What we care about is that at the end of the trading day we have pocketed more pips than we lost. And that could stretch out to the trading week. That we pocket more pips than we lost for the week.
  • #133
  • Mar 24, 2018 6:38pm Mar 24, 2018 6:38pm
Everyone who knows me knows I am gambler first and a trader second. Does anyone notice that I am applying blackjack card counting strategies to this. And doing so without the need for hedging or martingale tactics?
  • #134
  • Mar 25, 2018 9:33am Mar 25, 2018 9:33am
ScottyEA FX v1.6 set file with new trailing setting incorporated. When you load to EA just change to all files.
Attached File(s)
File Type: txt FXScottyEA.txt   < 1 KB | 344 downloads
  • #135
  • Mar 25, 2018 9:38am Mar 25, 2018 9:38am
When loading on a chart for the first time, do so when the CCI is between +100 and -100 to ensure it does not initiate a trade immediately as the price movement may have already occurred.
  • #136
  • Mar 25, 2018 9:41am Mar 25, 2018 9:41am
The functionality of 1.6 seems solid - great work Arby1108!

Now we need to look at the best way to filter out bad trades.
  • #137
  • Mar 25, 2018 10:31am Mar 25, 2018 10:31am
My thoughts on that are this...

Once the correlation occurs the first trade does well and closes in profit more often than not. My suggestion would be that once a trade closes in profit, the EA does not place new trades until the CCI moves back to mid range between -100 and +100. Then it starts looking for the next correlation of the 3 indicators.

Thoughts?
  • #138
  • Mar 28, 2018 5:50am Mar 28, 2018 5:50am
Hello Scotty.

The 1.6 version opens trade correctly? Is this a stable version. I would like to try it.
  • #139
  • Mar 28, 2018 6:40am Mar 28, 2018 6:40am
Quoting forrest85
Hello Scotty. The 1.6 version opens trade correctly? Is this a stable version. I would like to try it.
Everyone is welcome to try it. Maybe find a way to improve it.
  • #140
  • Mar 28, 2018 2:12pm Mar 28, 2018 2:12pm
hey friends
i've also started testing it today..looks okay so far..

could it be possible to get an additional breakeven option inside the ea?
for trades which are in a ranging market where the color change and a new trade is opened..then maybe it can put a BE after 3 or 4 pips profit..if its a fail trade or entry then we get stopped out at BE and if its a good trade then the trailing function can do its work..just maybe to cut some losses?
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