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Help Test my new EA, FLYER!

  • #21
  • Oct 2, 2006 2:57pm Oct 2, 2006 2:57pm
Those are some promising results for just under 24 hours worth of activity. I hope you iron out the kinks and get to claim your spot among those who have successfuly built a profitable system.

If I may ask, what are the conditions on which this is built? You said it is related to Sidus, but how? The only reason I ask is that is seems that EA's always turn out better if they start life as a tried and true manual system (kind of like how you can't tell a computer that 4*7=28 if you don't know how to calculate that yourself). If you'd rather not share, I would understand your reasoning.
  • #22
  • Oct 2, 2006 6:34pm Oct 2, 2006 6:34pm
Hi Girl Flyer,

About to start trialling your EA for you. May I humbly remind everyone that the GBP has much greater movements than most other pairs and a "standard" S/L will often trip out the GBP.

The GBP/USD probably has the greatest potential, but we must remember it "paints with a broader brush."

Kind regards to all, especially Girl Flyer.

Grahame.
  • #23
  • Oct 2, 2006 6:39pm Oct 2, 2006 6:39pm
Quoting Grahame
Hi Girl Flyer,

About to start trialling your EA for you. May I humbly remind everyone that the GBP has much greater movements than most other pairs and a "standard" S/L will often trip out the GBP.

The GBP/USD probably has the greatest potential, but we must remember it "paints with a broader brush."

Kind regards to all, especially Girl Flyer.

Grahame.
Yep, that's why in my tests a higher Stop Loss value is necessary (2nd highest in my list, #1 is GBP/JPY). Otherwise you get whipped around like a seesaw. Happened this morning for that matter. But nevertheless, when it takes off and moves as we've seen over the last few days with Cable, it should catch much of that move... more than making up for 2 or 3 stop losses.

Thanks for the help.

GirlFlyer
  • #24
  • Oct 2, 2006 9:27pm Oct 2, 2006 9:27pm
Has anyone been getting any kind of results on the back tests that compare with the ones that were in the first post. When I run this on GBPUSD using the same settings I end up with a huge loss. I am using the data from Alpari and have matched every setting but can not figure out why I am getting this loss. My trades don't even fire off at the same time as the ones in post one.

Do you think it could be because I am using the interbank version of software to test?
  • #25
  • Oct 2, 2006 10:24pm Oct 2, 2006 10:24pm
Quoting GirlFlyer
Hi Everybody,


Update on my EA. I have been running live demo test since the market open Sunday night. The EA has done 8 trades for me so far since I started. Of those 8, 2 have been stopped out (they were on GBP/USD) and the rest remain open still having not hit the exit signal. Below is a synopsis of the current standings.

For reference: My current time is 19:30GMT

EUR/USD - Open Buy at 09:32 GMT Price - 1.2686 - Current Price 1.2739 - Up +53 pips

USD/CHF - Open Sell at 08:30 GMT Price - 1.2500 - Current Price 1.2431 - Up +69 pips

GBP/USD - Open Buy at 08:35 GMT Price - 1.8739 - Current Price 1.8867 - Up +128 pips

USD/JPY - Open Sell at 13:00 GMT Price - 118.06 - Current Price 117.67 - Up +39 pips

AUD/USD - Open Buy at 13:31 GMT Price - 0.7466 - Current Price 0.7481 - Up +15 pips

USD/CAD - Open Sell at 13:47 GMT Price - 1.1160 - Current Price 1.1161 - Down - 1 pip

Two GBP/USD trades earlier

Open buy at 06:49 GMT, stopped out -50 pip loss at 07:40 GMT
Open sell at 07:40 GMT, stopped out - 50 pip loss at 08:31GMT

These two trades came when GBP went up and down and back up over 50 pips early this morning.

Besides those two trades, the EA has performed quite well so far today. Waiting to see how the exits go.

That's my standings so far.

GirlFlyer
Girl Flyer,

It is 11:00 PM EST, and none of my profitable trades closed out today. I am trading the major USD pairs. It appears that most of the trades crossed over around 6:00 PM EST but the trade did not exit. I am watching my profit slowly decline from what it was at that time. I realize of course that one can manually intervene; however that kind of flies in the face of the EA if you want to be a puritan. Since we know that the strongest & major trends occur during the London & US opens perhaps you should consider a switch that would allow the trade to be closed after so many hours to prevent a drift in the profit. In the Firebird v. 63H02-4 EA coding there is a function that allows trading between such and such hours. It contains four sets of to and from trading hours so that one can hone in on the hours to trade. I've included the coding for the FB version if you want to look at it.

1 Trader2
Attached File(s)
File Type: doc Firebird v63H03_TS.doc   82 KB | 641 downloads
  • #26
  • Oct 2, 2006 11:01pm Oct 2, 2006 11:01pm
Backtesting produces no trades. Is there something that needs to be set ? I'm trying to test on 1M GBP. thx
  • #27
  • Oct 2, 2006 11:47pm Oct 2, 2006 11:47pm
Hi all, just some rambling on my part, hope there is 2pips worth in here...

One of the things that i have noticed for myself w/backtesting is though i have modeling quality of 90% from say the 15m up (and sometimes even the 5m) what i find is that for every MAcross i've tested i've basicaly broken even for a two year period. So what i'll do is take notes. If a 5/13 cross on a 4hr chart (i'm just throwing numbers out here, don't trade these), has say -800, and i change the longer MA to 15 and now i have only -200, then change it to 17, and now i have +400 in the same 24mo period, then I'll take the 5/17 cross to the chart and trade it manually for several weeks and fill a notebook with my thoughts/ideas on this cross and how it might be traded.

While the above is possibly a non-orthidox way to use the strategy tester, i have found that for myself this works. I will also do some other homework when the tester comes up with it's best-numbers. This homework might include (in the case of the 5/17 above) checking out a GANN Grid/Calculator, or reading up on some further FIBO studies or whatever to see if there may be more supportive evidence that a particular set of numbers migh have greater value than others.

In a post (#25) there was mention of some possible "manual intervention" which i've found to assist in helping the EAs i've been studying/testing. Today i found myself looking at a major hour's long consolidation on the 5m chart and a GbpUsd trade sitting at +140ish and going nowhere...so i closed it out in profit. Was this a bad thing? Well maybe in the pure light of things, but a pip in the (demo) bank is always a good thing.

That's all for now. Cheers,
Thom
  • #28
  • Oct 3, 2006 5:09am Oct 3, 2006 5:09am
Quoting jhathawa
Backtesting produces no trades. Is there something that needs to be set ? I'm trying to test on 1M GBP. thx
If backtesting is creating no trades, make sure you have in your data history full and complete history in the 30 minute timeframe (or whatever you have TimePeriod set to). If you don't have this history, it will not trade.

GirlFlyer
  • #29
  • Oct 3, 2006 5:20am Oct 3, 2006 5:20am
Quoting 1trader2
Girl Flyer,

It is 11:00 PM EST, and none of my profitable trades closed out today. I am trading the major USD pairs. It appears that most of the trades crossed over around 6:00 PM EST but the trade did not exit. I am watching my profit slowly decline from what it was at that time. I realize of course that one can manually intervene; however that kind of flies in the face of the EA if you want to be a puritan. Since we know that the strongest & major trends occur during the London & US opens perhaps you should consider a switch that would allow the trade to be closed after so many hours to prevent a drift in the profit. In the Firebird v. 63H02-4 EA coding there is a function that allows trading between such and such hours. It contains four sets of to and from trading hours so that one can hone in on the hours to trade. I've included the coding for the FB version if you want to look at it.

1 Trader2
Hi,

I too have been trading these pairs...

EUR/USD closed for me today at 09:00 GMT 1.2736 after opening at 1.2686. +50 pip gain

USD/CHF closed at 08:32 GMT for +58 pip gain (opened at 1.2500, closed at 1.2442)

USD/JPY closed at 10:00 GMT for + 30 pip gain (opened at 118.06, closed at 117.76)

My GBP/USD entered yesterday at 08:35 GMT and is still in with current profit at +143 pips

GirlFlyer

P.S. I will have an update to the EA later today with a trailing stop feature in it which so far in tests is increasing the gains by the EA.
  • #30
  • Oct 3, 2006 6:24am Oct 3, 2006 6:24am
Quoting GirlFlyer
If backtesting is creating no trades, make sure you have in your data history full and complete history in the 30 minute timeframe (or whatever you have TimePeriod set to). If you don't have this history, it will not trade.

GirlFlyer
i have the alpari data converted to all timeframes which is why i asked. I downloaded your second version of the ea. I guess I'll wait for the next version and try again. I have built my own EA's and backtest them just fine....dunno whats wrong.
  • #31
  • Oct 3, 2006 7:14am Oct 3, 2006 7:14am
Hello All,

Next program update as we go through the live testing process.

This version incorporates a full trailing stop feature. You can set the TS level within the input parameters under "TrailingStopLevel".

It does increase the profits taken by the EA by some degree. I have also modified some of the Point Adjust settings for the currency pairs as I have found some better settings for some. Some of these values are even now negative. This seems to have had a better effect on the gains than anything else.

I've also added EUR/JPY and AUD/USD to the settings.

Btw,

1st 24 hours live results overall including all pairs actively testing are:

+144 pips profit taken
-100 pips loss taken (stop losses on GBP/USD)
------
+44 net profit so far

There is also an open GBP/USD position from yesterday with a profit currently of +152 pips and the Trailing Stop guarantees at least a 60 pip gain right now.

Be back later with further updates...

GirlFlyer
Attached File(s)
File Type: mq4 FLYER!-TS.mq4   19 KB | 654 downloads
  • #32
  • Oct 3, 2006 7:24am Oct 3, 2006 7:24am
Quoting jhathawa
i have the alpari data converted to all timeframes which is why i asked. I downloaded your second version of the ea. I guess I'll wait for the next version and try again. I have built my own EA's and backtest them just fine....dunno whats wrong.
I'm not sure either, check the Journal output from the Strategy Tester and see what messages it is giving you.

There should be a line in there that looks similar to this if it is running the code:

"2006.10.03 13:43:39 2006.07.28 15:01 Flyer! GBPJPY,M1: Account Equity = 739930.3105 Bid = 214.4 Ask = 214.49 OrderStat = 0"

If that's not there, then the code isn't running.

GirlFlyer
  • #33
  • Oct 3, 2006 9:14am Oct 3, 2006 9:14am
Quoting GirlFlyer
I'm not sure either, check the Journal output from the Strategy Tester and see what messages it is giving you.

There should be a line in there that looks similar to this if it is running the code:

"2006.10.03 13:43:39 2006.07.28 15:01 Flyer! GBPJPY,M1: Account Equity = 739930.3105 Bid = 214.4 Ask = 214.49 OrderStat = 0"

If that's not there, then the code isn't running.

GirlFlyer
The new TS version appears to be working but backtesting is not producing good results at all. AT least on 1M GBP using the 45 SL/50 TS and 0.0001 Pointadjust....starting 9/1/05 to 9/1/06 it turns $1000 into $822 ($188 loss). 6/1/04 to 7/1/05 is even worse turning $1000 into $123 ($877 loss). Is there a setting I am failing to adjust ? thx for your work on this....hopefully we can figure out how to make it work.
  • #34
  • Oct 3, 2006 10:07am Oct 3, 2006 10:07am
Hey guys,

My first four orders opened last night using the FLYER EA. But I noticed there is no value for T/P in the trade log.

Is there a value I need to input on the EA? If not, when does it take profit?

Thanks for your help.
  • #35
  • Oct 3, 2006 10:08am Oct 3, 2006 10:08am
Quoting jhathawa
The new TS version appears to be working but backtesting is not producing good results at all. AT least on 1M GBP using the 45 SL/50 TS and 0.0001 Pointadjust....starting 9/1/05 to 9/1/06 it turns $1000 into $822 ($188 loss). 6/1/04 to 7/1/05 is even worse turning $1000 into $123 ($877 loss). Is there a setting I am failing to adjust ? thx for your work on this....hopefully we can figure out how to make it work.
The better settings for GBP as I've noted in the code is:

SL = 60, TS = 70, and point adjust can be either 0 or 0.0001. 0 is a little more aggressive than 0.0001 but may draw down further.

Hope that helps.
  • #36
  • Oct 3, 2006 4:38pm Oct 3, 2006 4:38pm
Quoting Piece Of The Pie
Hey guys,

My first four orders opened last night using the FLYER EA. But I noticed there is no value for T/P in the trade log.

Is there a value I need to input on the EA? If not, when does it take profit?

Thanks for your help.
Hi Pie,

Sorry for the delay getting back to you on this question. The EA does not have a predetermined take profit point. It will trade for as long as the position is trending in a positive profit direction. Its exit point after an entry is when the 5 WMA crosses back over the 28 EMA at what ever price as long as it is above the opening price. If the price goes below the opening price, then the Stop Loss becomes the exit. Also, if the price goes up enough, the trailing stop feature will kick in and put the S/L above the Opening Price and then you have guaranteed profit.

Hope that helps!

Girlflyer
  • #37
  • Oct 3, 2006 4:52pm Oct 3, 2006 4:52pm
Hi GirlFlyer and others,

Have had Flyer! active for about 2 days and nothing happening.

Yes, everything is turned on. I'm using DEMO A/C for GBP/USD on M1. Expert Advisors is "on" and I have the smiley face in top right corner. Have left default settings except changed S/L to 100 (for GBP)

Help, please.

Kind Regards,

Grahame
  • #38
  • Oct 3, 2006 4:52pm Oct 3, 2006 4:52pm
+90 pips profit, -11 pips loss from yesterday
  • #39
  • Oct 3, 2006 4:59pm Oct 3, 2006 4:59pm
Quoting Grahame
Hi GirlFlyer and others,

Have had Flyer! active for about 2 days and nothing happening.

Yes, everything is turned on. I'm using DEMO A/C for GBP/USD on M1. Expert Advisors is "on" and I have the smiley face in top right corner. Have left default settings except changed S/L to 100 (for GBP)

Help, please.

Kind Regards,

Grahame
Hi Grahame! It depends on when you started running the EA for GBP/USD. If you started it after GBP/USD started going up yesterday, it probably would not have traded for the big run, but the EA should have entered a short position for you around 12:30pm EDT. Mine did. Btw, 100 is a bit of a big S/L for this EA on the GBP/USD. Backtesting showed 60-70 to work better, but try it out, maybe you'll hit on something.

Oh, and I took a +123 pip gain on GBP from yesterday's rise using the EA. So it does work!!!
  • #40
  • Oct 3, 2006 5:23pm Oct 3, 2006 5:23pm
Is this EA only working on full sized accounts? I have a mini account thru InterbankFX and when i use a small dollar amount like $200 in the tester it will not open any trades. I have even adjusted the settings to use 1% equity instead of the 8% default. Is there a change in the code that I can make to use it with smaller dollar amounts?
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