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

  • #141
  • Mar 28, 2018 4:13pm Mar 28, 2018 4:13pm
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I use these setting to create a break even point. But, I could see that using a redundant BE point may have value.
  • #142
  • Mar 29, 2018 7:41am Mar 29, 2018 7:41am
On visual tests I got often better entries if CCI(14) changed to CCI(8) and MA period in smoothed HA form 6 to 5.

Unfortunately, I don't get the Trail Settings...if Trail start is 8 pips then Trail step is 4 pips (50% of 8) and why BE +2? BTW... I think we should give it more room to breathe in order to also catch sometimes a good trend similar to a trend following system...IMHO.

Please can anybody change the lime colour on the bullish HAs to a white one because of better difference for colour blind people like me?

Thx, jdva
I never lose - either I win or I learn...
  • #143
  • Mar 29, 2018 8:37am Mar 29, 2018 8:37am
Quoting jdva
...if Trail start is 8 pips then Trail step is 4 pips (50% of 8) and why BE +2? BTW... I think we should give it more room to breathe in order to also catch sometimes a good trend similar to a trend following system...IMHO.
Yes, I use 75% trail not 50%. I was trying 50 when I took the screen shot. My apologies for that. But anyone can try any setting they want to see what works best.
  • #144
  • Edited 10:36am Mar 29, 2018 10:25am | Edited 10:36am
Quoting ForexScotty
{quote} Yes, I use 75% trail not 50%. I was trying 50 when I took the screen shot. My apologies for that. But anyone can try any setting they want to see what works best.
Thank you for this wonderful piece. Is it normal for the EA to never have a negative trade in BT? For example in January 2017 (EURUSD) all trades were BE+ or positive on H1 (Now testing M5).

Edit: I found the stop loss setting. However it lasted 3 months or so with no stop loss. It seems that we need better exits.
  • #145
  • Mar 29, 2018 11:37am Mar 29, 2018 11:37am
You can tell the EA to set the stop loss. It should read Set_SL = TRUE. I was using the CompuForex EX on a separate chart before that was setting the stop loss when we got 1.6. So I had the 1.6 Set SL set to false.

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  • #146
  • Mar 29, 2018 11:38am Mar 29, 2018 11:38am
I would be interested in know the DD when no SL was being used. I bet some of the trades last weeks or months :-)
  • #147
  • Mar 29, 2018 11:44am Mar 29, 2018 11:44am
Here is what I am using on the Demo account with TE

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  • #148
  • Mar 29, 2018 12:01pm Mar 29, 2018 12:01pm
Quoting jdva
On visual tests I got often better entries if CCI(14) changed to CCI(8) and MA period in smoothed HA form 6 to 5. Unfortunately, Thx, jdva
that could be tested if Arby can add the CCI variable into the settings that could be adjusted. What do you think Arby1108?
  • #149
  • Mar 29, 2018 12:51pm Mar 29, 2018 12:51pm
hi, what is the timeframe ? ea must be attach to each chart or on only one chart ?
thanks
  • #150
  • Mar 29, 2018 1:47pm Mar 29, 2018 1:47pm
Quoting giapel
hi, what is the timeframe ? ea must be attach to each chart or on only one chart ? thanks
For the Scotty EA FX 1.6, you load on individual charts. I have been using 30m TF
  • #151
  • Mar 29, 2018 1:49pm Mar 29, 2018 1:49pm
Some pairs are better than others.

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https://www.myfxbook.com/members/FXS...st-v16/2462482
  • #152
  • Mar 29, 2018 2:30pm Mar 29, 2018 2:30pm
Quoting ForexScotty
Some pairs are better than others. {image} https://www.myfxbook.com/members/FXS...st-v16/2462482
57.2 pips on a EURJPY trade - that is something.
  • #153
  • Mar 29, 2018 3:43pm Mar 29, 2018 3:43pm
Quoting Vice-Regent
{quote} 57.2 pips on a EURJPY trade - that is something.
I have noticed that once the Trailing Stop is established, the portion to close the trade after x minutes does not always work. But, that could work in our favor on a strong price movement. It is the larger wins on some pairs that offset the 20 pip losses on others. A backtest can only show a single CHART, so bad results on a back test does not necessarily mean the EA is bad on an ACCOUNT level. that is why I am forward testing.
  • #154
  • Mar 29, 2018 4:43pm Mar 29, 2018 4:43pm
CCI settings added
Attached File(s)
File Type: ex4 ScottyEA FX v1.7.ex4   62 KB | 397 downloads
  • #155
  • Mar 29, 2018 5:14pm Mar 29, 2018 5:14pm
Quoting arby1108
CCI settings added {file}
Nicely done Arby!

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JDVA, I am forward testing with your recommendations. Look right?
  • #156
  • Mar 30, 2018 3:25am Mar 30, 2018 3:25am
Quoting ForexScotty
{quote} Nicely done Arby! {image} JDVA, I am forward testing with your recommendations. Look right?
Yes...looks good, perhaps use spread=40 points for more volatile GBP pairs and 3 points for slippage...Easter not good time for testing
I never lose - either I win or I learn...
  • #157
  • May 4, 2018 6:38pm May 4, 2018 6:38pm
Anyone still playing with this?
  • #158
  • May 8, 2018 5:03am May 8, 2018 5:03am
Quoting ForexScotty
Anyone still playing with this?
yes i started testing again last week..with another trailing ea, trying with a bit tighter SL and with a small TP..but i don't know if it will work..have to see..and track all trades..if sl and tp is okay..or whats better to change..
  • #159
  • May 8, 2018 6:55am May 8, 2018 6:55am
Quoting berdsen
{quote} yes i started testing again last week..with another trailing ea, trying with a bit tighter SL and with a small TP..but i don't know if it will work..have to see..and track all trades..if sl and tp is okay..or whats better to change..
I would not worry about TP too much. Try on the 4H and let the trades run until the CCI crosses back, then close. I think you will like the results.
  • #160
  • Edited 5:03pm May 12, 2018 4:36pm | Edited 5:03pm
I want to thank everyone for their input and participation. The purpose of this thread was to test a theory and for the purposes of trade entry, I believe we did well.

Trade the 4H chart on pairs that have a daily range of 100 pips or more.
When CCI, AO, and Standard HA agree, place order in that direction
Close order when CCI reverses back to mid range from entry territory.
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