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EA development journal

  • #261
  • Mar 28, 2018 5:34pm Mar 28, 2018 5:34pm
Quoting candyman752
{quote} nice one . will be interesting. to see how these toys work .which pairs you trading
I got 20 pairs going. I want to put swing trader on as well, will that mess with the Limit EA? if I changed the margic numbers and have two traling EA's on?
  • #262
  • Mar 28, 2018 5:59pm Mar 28, 2018 5:59pm
Quoting Redbaron81
{quote} I got 20 pairs going. I want to put swing trader on as well, will that mess with the Limit EA? if I changed the margic numbers and have two traling EA's on?
it will be fine
  • #263
  • Mar 28, 2018 6:09pm Mar 28, 2018 6:09pm
Quoting Redbaron81
{quote} I got 20 pairs going. I want to put swing trader on as well, will that mess with the Limit EA? if I changed the margic numbers and have two traling EA's on?
last time I checked your TE it was -897. I am surprised to see it positive territory .
wow
  • #264
  • Mar 28, 2018 6:12pm Mar 28, 2018 6:12pm
https://www.forexfactory.com/redbaron81#acct.01
that is link to TE I was talking about .
is this from ea's from here only or you had to help out
  • #265
  • Mar 28, 2018 6:16pm Mar 28, 2018 6:16pm
Quoting candyman752
{quote} last time I checked your TE it was -897. I am surprised to see it positive territory . wow
When I saw that massive drawdown I was sure you would soon unsubscribe from ea. my hope is lifted
  • #266
  • Mar 28, 2018 6:59pm Mar 28, 2018 6:59pm
It was Your EA combined with my own trades. Keep in mind my trades are what put me in hudge DD and EA was doing decent.
  • #267
  • Mar 29, 2018 4:30am Mar 29, 2018 4:30am
Quoting candyman752
appologies a certain protection left out that would send gadzillion orders {file} {file}
Awesome Candy!! Can you put limit order function also in Swing v1.0 EA also, just in case using it without PAC EA?
  • #268
  • Mar 29, 2018 4:54am Mar 29, 2018 4:54am
Hi Dayi, I am testing your name sake ea now
I did not do good at all running Pac 34 even with swing v1

I am running Pac34dayi now with equity stop v5.5, hope you do too as you have so much insights into the trades, I can only offer the pip figures...
  • #269
  • Mar 29, 2018 5:00am Mar 29, 2018 5:00am
Quoting Dayi
{quote} Awesome Candy!! Can you put limit order function also in Swing v1.0 EA also, just in case using it without PAC EA?
done have put it in post 1 .also updated PACv34SWTdayiLimitV3 to PACv34SWTdayiLimitV4 in post 1
  • #270
  • Mar 29, 2018 5:15am Mar 29, 2018 5:15am
Quoting kevinkevin14
Hi Dayi, I am testing your name sake ea now I did not do good at all running Pac 34 even with swing v1 I am running Pac34dayi now with equity stop v5.5, hope you do too as you have so much insights into the trades, I can only offer the pip figures...
nice . the equity trailer is now critical part of trading the ea. i see you trading 28 pairs. i expect dd to be higher because of gbp pairs. hopefully reward will be higher .
  • #271
  • Mar 29, 2018 5:37am Mar 29, 2018 5:37am
Hey guys,
currently I am runnning Swing v1 with Equity Trailer.
As already mentioned the Swing EA is powerful. Unfortunately it missed many good entries due to Error 130 issue. But Candy already improving it.
The default setting of the Equity Trailer are not best choice. Let me explain. Currently my account (50K with 0.1 Lots each trade) has about averagely 0.5% relative draw down before it turnes back in positive territory. I am trading it on 11 pairs. The problem is once the we are in positive territory the EA closes too early the profits. So you are most of the time in big draw downs just to pick up few bucks when it goes in your direction. That is of course not so optimal. As basic rule should always be to have a good risk reward. With default settings this is not given, so please play around.

Normally when I am trading discretionary i always used to trade the way that my profits should be at least twice than my probable risked loss.
Keep it simple as always. So I like the entry signals of the EA, but at the end of the day your exit strategy decides your long term success.

So from entry side the EA is nice. But it would be much easier if we would have only a P/L controler for Exits
A function like if P/L reaches a certain percentage loss, than close all open positions and make clean cut. And if the positive P/L reaches a certain amount, again close all positions. That way you have a clean set up.


So here is what I would prefer:

Entry:

-The Swing EA v1 should open trades and pendings according to it signals as it already does.
But should not set any SL or TP levels and it should not care about Trailing stops. Just open pending trades according to its functionality.
Entry side done!


Exit:

- The Equity trailer should only check the P/L and controle if open positions reaches a certain positive or negative percentage amount and act accordingly.
In my case I would have set -0.2 % max risk for total basket based on balance and +0.6% max profit for total basket. Only additional safety is that once open P/L is already positive and reaches +0.4% than the Equity trailer should be able to stop the Swing EA fom opening further positions. All pendings should be deleted. And max risk should be adjusted to +0.3% for total basket. But of course these percentage parameters should be variable. So that you can set different risk ratios.
Exit side done.

The thing is money mangement is everything. With my described apporach above you avoid all the Error issues caused by setting SL Levels etc.
The controle is just via P/L. Everybody is looking for good signals. Most of the EAs even do not offer good ones for entry.
Candy achieved to deliver nice ones.
I am sure that with the logic above this EA will work smoothly. Form the past years I learned oned thing. Many people try too often to overoptimze things..preset SL/TP lewvels. Trailing stops here and there..Too many adjustments cause only problems. All we need is good entry what the Swing EA delivers and then P/L controle. Trust me.
  • #272
  • Mar 29, 2018 5:49am Mar 29, 2018 5:49am
Quoting Dayi
Hey guys, currently I am runnning Swing v1 with Equity Trailer. As already mentioned the Swing EA is powerful. Unfortunately it missed many good entries due to Error 130 issue. But Candy already improving it. The default setting of the Equity Trailer are not best choice. Let me explain. Currently my account (50K with 0.1 Lots each trade) has about averagely 0.5% relative draw down before it turnes back in positive territory. I am trading it on 11 pairs. The problem is once the we are in positive territory the EA closes too early the profits. So...
when majamivice gave me equity trailer to use it had percentage unfortunately my coding tricks need more schooling to handle that
  • #273
  • Mar 29, 2018 5:54am Mar 29, 2018 5:54am
Quoting Dayi
Hey guys, currently I am runnning Swing v1 with Equity Trailer. As already mentioned the Swing EA is powerful. Unfortunately it missed many good entries due to Error 130 issue. But Candy already improving it. The default setting of the Equity Trailer are not best choice. Let me explain. Currently my account (50K with 0.1 Lots each trade) has about averagely 0.5% relative draw down before it turnes back in positive territory. I am trading it on 11 pairs. The problem is once the we are in positive territory the EA closes too early the profits. So...
your post is very insightful
  • #274
  • Mar 29, 2018 6:00am Mar 29, 2018 6:00am
Ohh, Equity Trail ea trailing width and trailing start is based on profits not pips.

Since I am not playing 0.01 but rather 0.25, I should increase that drastically....
  • #275
  • Mar 29, 2018 6:01am Mar 29, 2018 6:01am
Quoting kevinkevin14
Hi Dayi, I am testing your name sake ea now I did not do good at all running Pac 34 even with swing v1 I am running Pac34dayi now with equity stop v5.5, hope you do too as you have so much insights into the trades, I can only offer the pip figures...
Will Check asap. The Problem ist my vps. It struggles with too many eas same time. Furthermore you need to run a system a bit longer. Too see how it acts in certain market phases, during news etc. To check what would you have done if you were trading manually. Otherwise you are risking that you do not get a clear overview.
As i mentioned in my last long post, the key is keeping exit simple.
  • #276
  • Mar 29, 2018 6:01am Mar 29, 2018 6:01am
Quoting Dayi
Hey guys, currently I am runnning Swing v1 with Equity Trailer. As already mentioned the Swing EA is powerful. Unfortunately it missed many good entries due to Error 130 issue. But Candy already improving it. The default setting of the Equity Trailer are not best choice. Let me explain. Currently my account (50K with 0.1 Lots each trade) has about averagely 0.5% relative draw down before it turnes back in positive territory. I am trading it on 11 pairs. The problem is once the we are in positive territory the EA closes too early the profits. So...
you said Too many adjustments cause only problems. it took me a long time to figure that out. in fact the fear is that I thought I loose control of account.
Over the weekend i thought let me do ea without trailing BE and swing trader is out. well will see how removing adjustment work out
  • #277
  • Mar 29, 2018 6:02am Mar 29, 2018 6:02am
Quoting kevinkevin14
Ohh, Equity Trail ea trailing width and trailing start is based on profits not pips. Since I am not playing 0.01 but rather 0.25, I should increase that drastically....
yes sir
  • #278
  • Mar 29, 2018 6:08am Mar 29, 2018 6:08am
Quoting candyman752
{quote} yes sir
oh my so is Pac34. I need to start from a clean slate, sorry guys for my misleading feedback thus far
  • #279
  • Mar 29, 2018 6:22am Mar 29, 2018 6:22am
Quoting candyman752
{quote} you said Too many adjustments cause only problems. it took me a long time to figure that out. in fact the fear is that I thought I loose control of account. Over the weekend i thought let me do ea without trailing BE and swing trader is out. well will see how removing adjustment work out
Of course, one should always try different settings and methods. I am used to trade discretionary. I was professional trader for long time.
Traded FX managed accounts in London and Switzerland. I worked in the FX Industry for over 10 years and I am trading for over 15 years now.
One thing is of course, you cannot handle with EA everything. As since 2013 markets are too much fundamentally driven. And there is no EA possible to handle it.
When I was younger it was much easier. You had SKS formation or trend channels etc. and trading on technical analysis was quiete easy once you understood the technicals and owning mental strength combined with money management. But currently, that does not work any more. Too many false signals like break outs etc.
Too volatile, too much news driven. Thats why i said better to have clean exit set up. You have to know what profit or loss each cycle is able to generate.
And clean cut is the only way to controle DD.
If your system generates good entry signals so no problem with several small losses followed by a big profit. Thats how to go forward.
  • #280
  • Mar 29, 2018 6:39am Mar 29, 2018 6:39am
Quoting Dayi
{quote} Of course, one should always try different settings and methods. I am used to trade discretionary. I was professional trader for long time. Traded FX managed accounts in London and Switzerland. I worked in the FX Industry for over 10 years and I am trading for over 15 years now. One thing is of course, you cannot handle with EA everything. As since 2013 markets are too much fundamentally driven. And there is no EA possible to handle it. When I was younger it was much easier. You had SKS formation or trend channels etc. and trading on technical...
you said
You have to know what profit or loss each cycle is able to generate
VERY CRITICAL
still trying to get a clue on that
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