Help Needed to Debug Existing EA with proven strategy

That's what I prefer as well. In 1 of the previous threads you had sorted it on Order instead of Time the trades closed. :-)

Hi Yal,

As I have repeatedly stated so many times, the end product which I dearly hope to get from having started this thread is a perfected semi-automated trading tool and NOT a fully automated EA.

Again Yal, as I have repeatedly stated, the edge in this tool (just as any other trading tools out there) is the filtering process to decide whether to employ the Buyer or Seller on a particular day - which I'd rather leave that to the individual to decide.

Yal, I am in no position to teach anyone here on how to analyse/discern whether to employ the Buyer or Seller on a particular day and I don't intend to get into that aspect because that is not the purpose/intention of having started this thread - everyone of us has his/her own ways/methods to analyse the market.

I can assure everyone who follows this thread that at the end of the day, you will be equipped with a very effective trading tool - how you want to exploit the strength and minimize its weakness is totally up to you - by having followed through this thread you ought to know what are the strengths and weaknesses of this tool.

Yal, the scenario you had described above namely price zig-zagging in a 200 pips range is a PERFECT SCENARIO for this strategy - it would be hugely profitable - the logic behind this EA is to seek out and get to as close to the bottom/top as possible of a ranging market and once that is reached and the price retraces, it does not take many new orders to be triggered before the position is turned into profit.

The only WEAKNESS/scenario that we are fearful of is when we got the direction totally wrong eg we had employed the Buyer and the price nose dived 200 pips - but even then, so long as no pending orders were triggered, no real damage is done even if it dipped 500 pips - our only fear is when there was/were pending orders triggered and the price dipped in the opposite direction for 200 pips - as explained earlier, this is the only scenario where drawdown will be incurred and if SL is set and you have $1,000 in a micro account, there is absolutely no reason why your account should blow up - the worst case is that you take a painful hit and no more and in view of how fast profits are generated, there is no reason why you could not afford to take such a hit once in a while.

Once the EA is properly tested and perfected, we can move on to discuss on the proper settings for each pair - this is where you can further minimise the potential damage by enlarging on the depth for volatile pair and to set lower SL like 100 etc - we can get to that discussion once the tool is perfected.

It is IDIOTIC to set a universal settings for all the 23 pairs like what I am doing here - I dearly hope that everyone can appreciate that it is intentionally done in an idiotic manner here in order to test/push the EA to the limits.

Once the EAs are perfected, I would like to move on to discuss on how we can implement the maxim 'cut your losses and let the profit run' into the EA so that the ONLY WEAKNESS of this strategy can be eliminated - ie by cutting our losses at an earlier stage before it causes heavy drawdown and or hitting the SL. I personally think that by implementing the 'let the profit run' logic into the EA would more than compensate for the losses that we need to cut once in awhile to prevent heavy drawdown due to the high level of profitability of the EA.

If the above can be implemented, we would have eliminated the only weakness in this strategy and we could, well, literally run it blindly on the 23 pairs as I am doing now in the demo account because there is nothing to be fearful of.

Hope you guys get what I am trying to say.

Cheers, need to rush to work now.

I guess I assumed that the EA is already doing exactly everything you wanted it to do so started thinking ahead! :-) of perfecting it and making it full-proof.

The scenario I described above was based on getting the direction wrong and the price going in the opposite direction triggering every/most Pending Orders and then again going in the opposite direction. It was my understanding that this was the weakness.If the scenario I explained above would be hugely profitable then I might have missed understanding something very important here and I will re-visit my understanding of this.

Yal,

If you observed the screen shots I had posted just now and look at the eurusd pair - the scenario you had described is actually happening live now - two subsequent orders were trigger and before the TP was reached, the price dived for at 60 pips and what was the effect - we barely feel the 'pinch' - draw down is only 3% of our account at the moment. I would like to see the price to dip another 100 pips as I would like to see how painful that would be.

Cheers, gotta go to work.

Dear Philip Lee and contributors,
Thankyou for sharing this gem, and I take it the important first order bug has been found? Suspected the pesky error 130 where the sl of the new order was being rejected, but didn't manage to prove it by changing the error codes. Do you think it is possible to include 1 more emergency order that would hedge the open positions during a unexpected dive? I basically just started learning to code in mt4 recently and am not competent enough to implement that in the code for testing to see if it can be beneficial.

Best Regards,
Tzamo

hey bud, ur strategy has piqued my interest. i will debug this for you

here it is, pls check to see if functionality works

i will do the seller mql next if this is debugged correctly

Subs. Thanks and
Regards

Just returned from work, been a very busy day at work. Checked the demo account immediately and found that it has quite a bit of drawdown at -$12,710.77 with $8,140.24 profit made which is pretty good. After having checked through all the charts of the pairs with substantial drawdown, I have no doubts that they will all turn around soon. Here is the screenshot. I hope you guys can follow it anyway through the Investor Password I had given earlier.

Yal, the scenario you describe are all happening right now live in many of the pairs, I noticed some had 6 triggered orders and yet TP was not hit. As stated many times, the edge in this strategy is the filtering process, though I had only roughly guessed the direction this morning (I did not change anything from yesterday) - after briefly going through each chart just now, I don't believe I had made any blunders at all - I am confident that they will all turn around soon - its actually interesting to see how much drawdown they will cause - bearing in mind that we are trading ALL of the 23 pairs.

Hi Marty-mcfly,

Thank you so much for having attempted to iron out the bug on the original EA. I will test that separately and report to you whether the bug had been fixed.

Cheers.

Hi Philip

I am sorry I got busy with other projects I am working on currently so could not get to this sooner. I did look at all the rules again to just be 100% sure. I will have to say I disagree with you that the pattern I described will be highly profitable. The pattern I described will keep taking losing trades based on the rules when the direction is wrong. That said, It seems like the edge is only the selection of the direction.

I am sorry I do not agree with this. I don't see an edge in the system. The edge is only the right selection of direction.

I suggest a very simple exercise to see what I am saying. At point in the time when you started the EA on the 23 pairs, you obviously made a choice for the direction. Buy or Sell. Imagine just taking a "Buy" trade or a "Sell" trade instead of the EA. What will be your result at this time if you did that?

Just so that I don't discourage a developing process, I will not post my opinion any further after this post. I am happy to discuss in any further detail "only" if you need.

Hi Yal,

You had stated that zig-zagging (maybe I got you wrong) - so long as the zig-zagging weighted in our favour, namely, it zigzag more towards the direction we had chosen, it will end in profit, we just need to give it some room to maneuver - take a look at this screen shot of gbpjpy which had just been closed - notice the range it had covered from the lowest 148.60 to the highest 149.495 - 90 pips (caught by the EA, I am sure it was more than that) - and as there were 7 triggered orders, the First Order at 149.495 could not have been the original First Order - now opened the 1H gbpjpy chart and see what was the top of the current range - 149.50!!! Yal, the EA caught the very top of the range and when it retraces to 148.90, the whole cycle was closed in profit.

So Yal, if the market is zig-zagging and we had done our homework well in choosing the right 'leg' of the EA (Buyer or Seller) it is actually a favourable condition for the EA - you just need to be patient while it is in drawdown - the bottom/top will eventually be reached and when it retraces, it will turn it into a profit trade.

Hi Yal,

In answer to your post 93 - ha ha Yal, my honest opinion is even if we had done our homework well, in all probability, if we just enter the trade without the assistance of this EA base on our analyses, there is a good chance that the single trade entered will end up in a loss - if we are all that confident, all of us would be multi-millionaires by now.

This is precisely what I am saying - this is a tool - a highly flexible tool which will assist you especially when you are not so confident in your entry - instead of just say enter the trade with a single order - enter the trade by using this tool instead and in all probability the trade will end up in profit.

Yal, I have never claimed that this is the Holy Grail. How many of the strategy touted here in Forex Factory have you come across that dares to trade ALL the 23 pairs simultaneously LIVE??? How many have you come across???

In real live, it is idiotic to trade 23 pairs simultaneously like that, the only reason I have done it here is to show the potential of this strategy and no more.

In fact, I would like the option of only ONE TRADE CYCLE to be incorporated in the EA ie the EA will only do one cycle of trade and must be turn on again to do the next cycle because this is supposed to be used as a tool and not as a set-and-forget EA - although it can clearly be used as such in a situation where we are very confident that the price will move in a certain direction for the next 24 hours or so.

Yal, honestly, I do get what you are saying and please feel free to disagree with me and don't worry, I can take any criticism so long as it is done in a respectful and well-intentioned manner.

Cheers Yal!

what about the idea of running Buy mode in 1 account of $100k cents and Sell mode in another $100k cents then after a while when there is net profit from both accounts of total $200k cents we force close all trades running in both accounts and start all over again, cuz if market is trending in 1 direction one of the account will make a killing and the other just hanging on floats with some profits as well

just my thoughts

Ok guys thanks , please show how to begin to test by newly testers

Final Version
Change Log;
1)Display Maximum Drawdown
2) Display Maximum lot
3) Display Maximum total order
4) Display Server Time
5) Entry by Day and Hour
6) Added One Cycle Only (After profit target.. no new entry untuil you turn it back on.. it is like ATM machine.. if you need USD100..just key in USD100 target profit..after target accomplished..withdraw your money like ATM machine.. ) Lucky you..
7) Trailing Profit (By pip.. can get more money if the market in our side)
8) No expired date (Philip Lee request no expired date for the final version)

Final version teaser

Hi Oyaks,

WOW! That is a great idea. Theoretically, it should work, namely, we run the Buyer and the Seller concurrently and there will be a point in time where there should be (at least theoretically) a nett positive gain due to the very nature of how the strategy works, especially in a situation where after having zig-zagging for a while the price suddenly moves substantially in one direction (doesn't matter at all whether it goes up or down, so long as it moves substantially in one direction).

I will try it out on two charts with the Tictac-nur EA trading as the Seller in one chart and the newly debugged Forex RM Buyer V1.1 in another and I will simply observe whether or not a nett positive position could be produced in reality.

If proven a nett positive position could be produced - WOW, we may have discovered a gold mine here but better don't get too excited first. Let's try out the theory first - you guys can also try it out your selves by using the two EAs as mentioned above.

Hi Marty-mcfly,

WELL DONE Marty - you have successfully ironed out the bug and it is functioning properly now!!!

Could you please debug the Seller EA as well!!!

THANK YOU SO MUCH Marty!