EA development journal

In the EA with 3 slopes i have added more filters. I am now trying to add daily weekly range filters.
Kindly assist over how many weeks should the weekly true range pips be
the additional filters will discount potential trade set ups:

· If price has done more than 100% ATR for the week, no trade in same direction. HOW MANY WEEKS SHOULD ATR BE BASED?
· If price has done more than 60% ATR (from point of entry), no trade in same direction.

I want the value so i can set as default but users will be able to change to their own liking

Post 1 updated with slope3 v3.
I have defaulted weekly average range to 16 weeks.

ea with 2 slopes has not gained any pips today and has not gone into a bad DD.

ea with 3 slopes has experienced bad DD and as jim has said lets see it come out of it.

My EA is currently sitting on a 4% drawdown... but had a ~8% drawdown under the day..... USDCAD is the trade going wrong... with -138pips

Thank you for the great testing you are doing.

Last week I tested three different settings. The one that came out tops is the Peaky M30 Peaky H1 slope H1 _ 7 Slope H4 _10
This week i have taken it and tested it against c1borgs settings of No peaky Slope H4 _ 5 Slope D1_ 5.
It is proving to be resilient. Ezios how are you testing with awesome going today?

In post 1 i have also updated with slope 2 i have added the ATR filter but default setting is false

My pleasure candy

I have now taken this setting that is doing well and put it into ea with 3 slopes. Guns ablozing i have put flying budhaa filter, Bollinger band filter,
and average daily range filter. Peaky M30 Peaky H1, Slope 1 M30 _7 slope 2 H1 _10 slope 3 H4 _ 10.
I am not going to open a new demo for it. I will put it in the account with huge DD and see if it can come armed and dangerous.

My ea is currently on -232pips...
I dont really get when the recovery trades kick in?
Usdcad is down -200pips.

The way your ea is this. If you say one trade allowed it will only be that one trade. Recovery can not come in because of the one trade rule

I see. Didnt think the recovery trades were affected

part of testing. tells us if i have understood you.

Interesting read from
https://www.forexfactory.com/showthr...3#post11045493

Yvonnely:

Let me say, one of the biggest issues is amateur retail traders who believe that if they make 500% on a demo or cent account, this would translate to the same percentage gain on a live account of any size.

This assumption is 100% false.

Let me explain.

A demo account or a cent account or even a small account (less than $1k) will have zero issues with liquidity, slippage, or fills.

As anyone who has traded on an account of over $5k will tell you (especially when/if you start to win) you start to experience delayed quotes and slippage. All results on significant live account is almost always worse than on a demo account.

Trading in the professional World, with significant size, is very different. I copied the below quote from a post on this forum:

Retail seem to think that pressing the buy/sell button is the same for Institutions as it is for retail, it is not.

When institutions wish to buy/sell, they need to take account of volume and liquidity. If the volume they wish to transact is large, they HAVE TO break up their order or use an Interbank brokers service who will buy/sell without drawing attention to what is being done. If there is insufficient liquidity, could take hours to execute the order, another reason why they aim for the medium/long term.

That is why a retail trader cannot simply go into trading huge Institutional funds. They need to have the knowledge of how placing orders in the institutional world works.


Also, a demo/cent account does not test the psychological aspects of a trader.

Every single trading forum is filled with retail traders who think they can trade large accounts simply because they have success trading demo/cent accounts.

Until you have traded a serious sized account $50k plus and handled various market conditions, you will never know what it's truly like to trade and to be a trader.

Until you have done above, you have no right to ask for any amount of money to trade for others (well actually you can ask but do not be surprised if no one takes you seriously)

I do not mean to put you down, but I think your lack of experience in trading (large sums of) real money is evident and you will simply be wasting your time.

What I would suggest is open up a small account, say $500-$100k. If after 6 months it is successful, with low draw down etc, market that and start a live copier service. This in my opinion would be far better for you.

Well at the moment the ea just takes the trade, with no plan of exiting or recover the loss

Are you able to modify so the ea is allowed to place the recovery trades..?

yes

I have updated slope3 EA it is now slope3Peaky3rider. I have added another peaky time frame.The ea takes the first intial trade based on signals sent
if that trade goes bad it will attempt recovery based on filters you allow. I have placed it on the ea with terrible performance.
This ea answers your request jim.

hi Candy about my tests i have to tell that my ea 1s with the setting awsmarxdirect is going well it grows 10 euao also today...
little profit but its good. The other test has little drow down is the default setting of awesome2ss_1c.
show the pictures:

thanks for the update. the markets this were riding up and down. if an ea was able to weather it and avoid a high dd then those settings are good

Hm alright

I was also testing peaky on steroids. if you check my profile it is one of trade explorers bellow is link to website
http://www.stevehopwoodforex.com/php...p?f=102&t=5204
i was not aware steve had coded one traders strategy(trader gertjan) in to the ea. i found out on the weekend and so decided to try it out.
it has performed very well. i understand some of you are failing to register on the site as it is blocking your ip addresses.
so i attach copy i am using default. i modified the ea to gertjans settings