Help Needed to Debug Existing EA with proven strategy

please densol can you share this 2 ea`s, thanks very much

Hi guys,

Just returned from outstation. I have also tested the EA in non-hybrid mode and the profit is insane trading just one single pair.

I am beginning to think that maybe that's the best way to trade the EA - we could eliminate the sole weakness by incorporating a cut-loss feature whereby the EA will cut loss at a preset level and close up all the opened trades. In view of how profitable it is, we can well afford to take a hit once in a while.

By so doing (cutting our losses), we would have eliminated the sole weakness of this EA. And this means its a VERY VERY SAFE way to trade, hardly any risk at all, so long as we are willing to take a hit once a while.

The other positive implication is that we need very little capital to trade that way and also that we can trade MULTIPLE pairs to push the profit even higher.

So, Tictac-nur, can you code in a cut-loss feature into V2.4??? The parameters can be set at $$$$ or % of equity.

If that cut-loss feature could be incorporated in and works properly, then I would have no hesitation whatsoever in saying this - GO LIVE!!! as it is truly a very safe yet highly profitable way to trade.

Tictac-nur, can we have that simple cut-loss feature incorporated in V2.4 as soon as possible???

What do you guys think about my suggestion above???

Cheers guys.

Ver 2. don't run it 24/7 it will blow your account. set your target profit (in $$) after reach target just close your EA for few days. i will always start it again from monday. my target is double account in one month. But it just what i want LOL

Hi jamco

If you do not mind could tell us what the pair to trade and how many pips is your TP

Regards

Question for Philip Lee Or Tictac

From EA perspective is there any difference between running Buy + Sell together as compared to running Hybrid Buy/Sell option?

Philip Lee,

Please see post #365. If Tictac-nur is gone, let me know and I may be able to help finish the coding changes.

I have been forward testing a few pairs in hybrid mode with great results!

Hi Philip Lee,
So you suggest trading this system non-hybrid only? In my understanding this means one has to correctly determine the direction of the pair to be succesfull.
What do you do when the cut-loss was hit? start a new cycle in the same direction? or opposite direction?
I.o.w. how do you determine which pairs to trade and in which direction?

Also one advice, please be very carefull telling people to go live, i know you mean well...

Hi Richt3,

I think it would be great if you could incorporate the cut-loss feature into the v2.4 EA. I am not a coder myself and I have absolutely no idea how much work and efforts does it take to recode the whole EA from scratch again. As you know we do NOT have the source codes here so everything needs to be coded from scratch - I am sure you know what it means better than anyone of us here as I can see from your profile that you do have the skills to code the EA.

Richt3, I am all for it if you don't mind having to recode the whole thing as I felt that we are overly reliant on Tictac-nur which I can see that she must be very busy & preoccupied with her projects. I felt that its a bit unfair to her as well having all the burden on her shoulder.

Richt3, I truly believe that Tictac-nur's EA as it stands at v2.4 is almost complete, I think if we could incorporate the cut-loss feature would completes it in as far as trading in non-hybrid mode is concerned.

As to trading in hybrid mode, I think we are still a long way off solving the deadlock situation as I personally think that incorporating cut-loss feature into the hybrid mode would not be workable as it is not as profitable as non-hybrid mode.

Richt3, would you be kind enough to recode the EA keeping all the features which are already there and adding the cut-loss feature into it???

Thank you so much Richt3 & Cheers!!!

I still believe that incorporating stoch or momentum will filter many of the bad signals out.

Hi Chake,

There are 3 ways to trade this EA.

1. In a semi-auto mode as part of your trading tool where you need to do some analysis first before deciding whether to employ the Buyer or the Seller (these parameters are adjustable in the EA from v2.2 onwards). You are suppose to do one cycle of trade at a time in this mode and each cycle needs prior analysis first before you enter the trade using the EA as a tool. In as far as this mode is concerned, the EA is already more than capable of doing, namely, there is no further development needed here. So, we have moved on from this mode into the next two modes which will be described below.

2. In non hybrid mode where the two legs of Buying and Selling are executed simultaneously but independently from one another. This is the mode which I had recommended to incorporate a cut-loss feature because by so doing, we would remove the one and only weakness/risk in this way of trading. The compromise is that we must accept some losses once in a while. Please especially note here that at this juncture, it remains an untested theory (taking cut-losses) as we do not have the tool to test it out but from the data of the backtest, it is apparently workable at least to me as the profit would quickly covers the losses and more, especially when we trade multiple pairs. Its just a question of how much it would eat into the profits. Once the tool is available to us, we can test it to find the optimum level of cut-losses to implement.

3. In hybrid mode. This is the safest mode and so long as enough room is given to the EA to maneuver ($1,000 per 0.01 lot traded) it is practically risk free but the return is low (around 20% return per pair per annum) and sometimes we would get caught in a deadlock situation which could last for more than one full month before the breakout occurs. We are trying to find ways to reduce the incidence of dead lock situations. If you are happy with 20% return in a year and would like to trade in a stress free manner and have the patience and once in awhile don't mind waiting for one month for a breakout then the EA is already capable of delivering that. The challenge is most of us are not happy with that nor do we have that kind of patience.

As to my recommendation to go live it was meant for those who have already thoroughly understood the logic and strategy behind this EA and who had followed and fully understood our discussions here and fully aware of the strength and the weakness of this EA. Nothing more.

Cheers Chake.

As I have had no interaction with Tictac-nur, can we ask for the current set of code she just created from scratch? It would seem like an awful waste of time to start over again. I can pm or would you feel more comfortable? I would also suggest, if this meant for the subscribers of this forum, that anyone doing development for the good of the group post the source with each release. We could zip it up and password protect it and have you manage who gets it, if there is a concern about non-contributing members poaching...

Yes, Verocity, in as far as hybrid mode is concerned - 100% agree (but don't be bothered in non-hybrid mode, in fact, it would substantially eat into the profit in non-hybrid mode - better run non-hybrid mode blindly but incorporate a cut-loss feature) but nobody seems to be interested to incorporate it. I cannot do it as I am not a coder.

To repeat, I do believe incorporating a momentum filter into hybrid mode would improve on the profitability of hybrid mode as it should help reduce the incidences of dead lock situation.

Nobody has taken that up nor contributed ideas as to how and what are the best filters to incorporate. Anyone??? I am sure there are a lot of gurus reading this??? care to share your ideas on how to identify momentum/velocity so that we could incorporate into the EA???

This one works quite well on the Autop EA:

Hi Richt3,

Yes, I do understand what you are saying. I think maybe we wait for a while to see if Tictac-nur would respond here. if she doesn't, I will try to PM her.

Hi TraderTero,

Thank you so much for the quick response and the attached file.

I had a quick read on the ADX indicator just now and seems to be a viable filter to try out. What do you guys thinks???

Tictac-nur, if you are reading this, care to take up the challenge to incorporate it???

Hi Philip, thanks for the thourough reply!
What i think is important now is to foreward test the EA with its different modes, back tests are fun, but not worth much.
Only after a couple months foreward testing (albeit with a micro account) we can see what works and what not.
This EA is only 2 weeks old...
I will foreward test and report back when done.

https://www.forexfactory.com/showthread.php?t=716049
https://www.forexfactory.com/showthr...2#post10927532

all shows good backtest in my broker thinkmarket from no zigzag but 1 is scalp and one is arbitrage so speed and spread fluctuation plays a crucial role, im testing the scalp live now and if it build up my account i try to test the ea in this thread, the arb ones blew my account but it depends on your broker

have u backtest it? i tried and it's worse than reg buy/ sell

i thought the cutloss thing is not added yet?

I suppose you need something similar like this
If a programmer wants to integrate that, I'll post the source code here later, it's just the buttons Control.
I still have to make a few changes, please download the file in my next posting.

Wow swingman, this features would be awesome! but yes without the source code, we can t do anything..
let s hope tic tac will be around and share with philip the mq4..