Help Needed to Debug Existing EA with proven strategy

With regard to Oyaks suggestion, I guess I have to eat back my own words now as I had repeatedly stated that it is idiotic to operate both the Buyer and the Seller concurrently at the same time!!! Ha ha ha! It seems that it is not idiotic at all and it may in all probability works!!! Let's try it out.

Marty, it would really help if you could speedily debug the Seller EA for us to test out this theory.

Cheers!

Tictac-nur,

I can hardly wait for your full version especially with the One Trade Cycle feature - I really like the way you described it - like an ATM, when you want $100, just type in $100 and there you have it, it will produce $100 for you! Ha Ha Ha!

better get back to work.

First thank you Philip for sharing your ideas and FF members to making EAs of it.

After doing some backtest the first version of Titac-nur EA looks promising, I cant wait for the new one !

You should probably think about adding a news filter to the EA to stop trading for a time period before and after news which should lower the risk of falling into a draw down scenario

MARTY, MARTY, please debug the Seller EA for us as soon as possible. We need it to test out Oyak's suggestion of running both the Buyer and Seller concurrently.

Tictac-nur's EA could not work properly with the Forex RM Buyer v1.1 running on a separate chart on the same pair (gbpjpy) - Tictac-nur's EA (running the Seller) got confused with the buy orders opened by the other EA.

Wow, so much to report. Let me get rid of the unpleasant reports first before I move on to the more exciting reportings.

Current position is -$13,546.85 drawdown with $8,539.17 profits.

3 orders hit their SL and eliminated a total of -$4,475.62 from the total profits.

I need to go back to my earlier statement that in all my previous testings in 2011 I had never experienced any of the orders hitting the SL. I realised now that the only reason why the SL was never hit was because the BUG had prevented it - namely, I had manually removed them before they can hit the SL as I was very wary of the bug & every time I saw an 'orphaned trade' caused by the bug, I'd immediately remove it manually - so had indirectly prevented any 'orphaned orders' from hitting the SL.

With that out of the way, now, on to the more exciting reportings...

The following reports will provide vindication of the logic and strategy behind this EA and to show you with real live examples gathered from the past 24 hours how simple and yet how effective the strategy is in seeking out the bottom/top of a ranging market.

I will deal with the most extreme live example first - the eurnzd pair: Please see the previous screen shot above which shows that the first triggered order at 1.70813 had hit its SL at 1.68813 - and that is not the end of the story, look at the screen shot below, the price went further down to 1.68221 - a drop of 259 pips all in!!! And this is the exciting part - the EA caught the very bottom of the drop almost spot on at 1.68221 (please analyse the two screen shots here) and when it retraces upwards, the whole cycle was closed 88 pips later at 1.69100. It just shows you how effective this strategy is in seeking out the bottom/top of a ranging market. We just need to tweak its settings to see how to exploit this strength and minimize any weaknesses.

forgotten to mention that 12 sub orders were triggered there

The second pair to report on is the euraud. A total of 13 sub orders were triggered. The first sub order was triggered at 1.60830 and the price dipped 159 pips and again, the EA caught the bottom almost spot on again at 1.59237 and when it retraces, the whole cycle was closed 82 pips later at 1.60060. Please analyse the two screen shots here to confirm the above.

The third pair to report is the the eurcad. The first sub order was triggered at 1.58756 and hit it SL subsequently at 1.56756 (please see 3rd screen shot at post 107) and it dipped further to 1.56736 - a total drop of 202 pips!!! Yet again, the EA caught the bottom again almost spot on at 1.56819 and when it retraces, the whole cycle was closed 72 pips later at 1.57540. Please analyse the two screen shots here.

The fourth pair to report is the usdjpy. The first sub order was triggered at 105.760. The price went up to 106.67 - a rise of 91 pips and yet again the EA caught the top, again, almost spot on at 106.65 and when it retraces, the whole cycle was closed 60 pips later at 106.05. Please analyse these two screen shots.

The fifth and last pair to report for today (there are other lesser ones but I won't bother as these 5 live examples are more than enough to show and to vindicate the validity of this strategy) is the eurjpy. The first sub order was triggered at 130.024 and the price went up to 130.919 - a rise of 90 pips - and the EA caught the top literally spot on at 130.919 and when it retraces downwards, the whole cycle was closed 57 pips later at 130.351. Please analyse the two screen shots here.

oooops...forgotten to upload the screen shots...here they are..

Now, I want to move on to the more exciting development as I had posted this morning but before our focus got diverted away (I am too excited now to want to wait)

please please please Tictac-nur, can we have the perfected Forex RM (TTN) with the 'ATM' one-cycle-trade option as soon as possible before we got too carried away with the other developments - as and when I get it, I must say that the purpose & intention of starting this thread had been fulfilled and we could divert our attention to the new development.

Forex RM Version 2.0
Download Link :

Attached File(s)

Forex-RM-V2.ex4   54 KB | 581 downloads

Change Log :
1) Display Maximum Draw-down
2) Display Maximum lot size
3) Display Maximum total order
4) Display Server Time
5) Auto Entry base on time (Day and Hour)
6) Added One Cycle Only (After profit target.. no new entry until 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)
9) Virtual Order.. 1st Lot order has been eliminated. The calculation is all done under the algo calculation.. (Save some pips for the 1st entry SL)
10) All entry by market order.. (Broker wont know where is your entry level anymore..)

Its SHOW TIME

Attached Image (click to enlarge)

Attached Image (click to enlarge)

The new development is the excellent idea suggested by Oyaks as I had posted this morning.

Before I go any further, I take and eat back all of my own words first because I had repeatedly stated that it is idiotic to trade the Buyer and the Seller at the same time. Wow, I am so excited.

Remember Yalgaar that I told you that the only weakness in this strategy is the scenario you described ie sub orders triggered but before TP hit the price reverses and dip 200 pips in the opposite direction?

By trading both the Buyer and the Seller concurrently eliminates this sole weakness in one single stroke and at least theoretically for now, this strategy has NO WEAKNESS (I really hope the real test will bear this out).

Just think about it - in theory, it should work in view of the way the strategy/EA trades/works!!!

Oyaks, no need to trade it in two separate accounts, can trade both EAs concurrently within the same account, but we need an EA to do it - just run them both and when the nett positive gain position has been achieved (theoretically, there should be a point in time that a nett positive gain can/should be achieved) and the EA would close up ALL the trades and thereafter, start a fresh cycle again.

Wow wow wow Tictac-nur - WELL DONE & THANK YOU SO MUCH again - please everyone, can we all test it to confirm that it works properly - especially the one cycle trade option. Wow, my intention and purpose of starting this thread is almost fulfilled now - I had only hope to get the bug removed so that I can use it as a tool to assist in my trading. But it seems that we have even more better things being developed here. Wow, wow wow!!!

But the thing is, we do not have the tool to test this theory out. I have tried trading Tictac-nur EA with the debugged Forex RM Buyer v1.1 but Tictac-nur's EA refused to work with the other EA when they were both applied to the same pair (gbpjpy).

Marty, Marty , Marty where are you??? Please please please get the Forex RM Seller v1.1 debugged as soon as possible - the Buyer has been properly debugged and working now.

I know for a fact that both of the Buyer and Seller can be traded together within the same account because I have done that before but with the bug-riddled EA, I could not get them working properly and so, was not able to observe whether Oyaks suggestion could work in reality.