Random Walk Theory applying in Expert Advisor | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Probabilities in a Random Walk (Question about one CP's post) 43 replies

Random Walk (The unbeatable!) 354 replies

Is random really random? 231 replies

Expert Advisor with random entries 3 replies

Random walk and Pascals triangle 64 replies

Attachments: Random Walk Theory applying in Expert Advisor
Exit Attachments

Random Walk Theory applying in Expert Advisor

  • #121
  • Sep 28, 2018 9:34pm Sep 28, 2018 9:34pm
Quoting Kadosh
{quote} I'm not going to earn any money with this strategy. Just curious about how much time it will survive.
This is not released for earning lot of money, but still it can, I think it is going to survive, although logic wise it is not perfect yet. Please keep watching this place for EA updates, will release better version soon. And that is the primary objective. Do not get hurt with real accounts, that will be risk but if you want to take little risk it is alright.
  • #122
  • Sep 28, 2018 9:37pm Sep 28, 2018 9:37pm
Quoting majamivice
{quote} This EA is in development process and is not supposed to earn you any real money in this stage, I mean you should test on demo, and it's still in profit,even with DD..
Correctly said. Well done. See, we need to look at this as investment for future so you are welcome to contribute by your time and thought. If you are using this in Real account you are taking risk ofcourse but then whatever is the reward the profit that is also going to you.
  • #123
  • Sep 28, 2018 9:39pm Sep 28, 2018 9:39pm
Quoting 3ndlessHope
Dont know what happened there. I have 51$ closed and -48$ open positions.
Yes opening regular positions at same price zone is a problem. We will fix this by next release.
  • #124
  • Sep 28, 2018 9:40pm Sep 28, 2018 9:40pm
Quoting Kadosh
I hope that this very EA will go on living and I really wish that it will happen. But my life experience tells me that it is almoste impossible (for this EA with this very DD) the DD is almost 10:1
I agree, so it needs improvement.
  • #125
  • Sep 29, 2018 5:21am Sep 29, 2018 5:21am
Quoting rekon67
{quote} Ah...may be not that simple. Yes, one alert and dare person could earn insane profit by exploiting market condition. EU generally goes on sell till october end then buy starts till Dec 20th, post that till jan 10th it is better to stay away, then it takes another major direction for the year. As per this EA, no one can earn insane profit, because it is going to cut the profitable positions very soon. On a ranging market with moderate volume it can do well
This EA is basically cuting the winners to let the losers run, acumulates a huge drawdown on trending market as it is going to cut every position in the direction of the trend with small profits while its is going to let the positions that are totally opposite run until they are in heavy loss, will work pretty decent on a ranging market though.

I think you should change the logic of the EA to work in the opposite way, cut the positions that are in a loss and average up in the positions that are in profit, with this poor MM it is impossible it can succeed in the long run, you have 10:1 RR I don't even want to know what % of succeed trades you need to be profitable with such RR.
Building a Freedom All Time Return: 5,178.8%
  • #126
  • Sep 29, 2018 5:23am Sep 29, 2018 5:23am
Actually reversing logic would be a nice experience too
Necessity knows no law except to conquer
  • #127
  • Sep 29, 2018 5:32am Sep 29, 2018 5:32am
Quoting J1mm
{quote} This EA is basically cuting the winners to let the losers run, acumulates a huge drawdown on trending market as it is going to cut every position in the direction of the trend with small profits while its is going to let the positions that are totally opposite run until they are in heavy loss, will work pretty decent on a ranging market though. I think you should change the logic of the EA to work in the opposite way, cut the positions that are in a loss and average up in the positions that are in profit, with this poor MM it is impossible...
Correct, but even we change the complete logic, there is no evidence that it is going to run fine and ensure absolute safe trading.

EA started with random ness, we noticed it works good in a situation but prone to fail when the situation changes. Task is to incorporate those features and increase EA s memory to handle various market conditions.

I never mentioned the released EA is having some holi grail of winning market, sustaining in the market is the experience of sensing the up coming situation and acting on it.

Lets see how it can be done. Strategy wise there will be updates.
  • #128
  • Sep 29, 2018 9:19am Sep 29, 2018 9:19am
Quoting 3ndlessHope
Actually reversing logic would be a nice experience too
It looks like that because we are only cutting the winning positions and keeping the losing posions opened. For each losing position EA should try to open a new trade that was my initial thought, but to do so it may add more risk to equity. So, it needs to be resolved before EA opens multiple entries and make it unmanageble.
  • #129
  • Sep 29, 2018 11:41am Sep 29, 2018 11:41am
This is the backtest result coming from the interim version. It worked for the entire 2018 with only 500 dollar - with net profit 124 dollar, please mind for this EA profit is not important rather surviving is important. Drawdown is about 13.61% which is fare enough. It has performed 3898 trads

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 29 KB
  • #130
  • Sep 29, 2018 11:48am Sep 29, 2018 11:48am
So, the initial questions remains same - with random entries it is getting almost same result for winning or losing trades in both directions but still able to survive for 9 months without any supporting strategies for better entry and exit.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 24 KB
  • #131
  • Sep 29, 2018 12:43pm Sep 29, 2018 12:43pm
A further optimization if we tweak trading hours. So this is a good base now to optimize Entry and Exit scenarios.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 28 KB
  • #132
  • Sep 30, 2018 4:02pm Sep 30, 2018 4:02pm
RekonX-AutoBot V2.0

Disclaimer: Run it on Demo to check the output first.

Features: 6 Moving Avg and Momentum indi numbers to place trades.
Stop loss 190 pips,Take Profit 250 pips
Trailing is enabled on 60pips

Do not have
Sense on Quick Exit
Cutting the loss at minimum
Running the profit at maximum
Attached File(s)
File Type: ex5 RekonX-AutoBots-V2.ex5   126 KB | 277 downloads
  • #133
  • Sep 30, 2018 9:57pm Sep 30, 2018 9:57pm
Next update of this EA will be released by this Thursday. So, you are welcome to post your observations.

Here, objective is to focus on a much better entry point instead of 2/5 MA on M5 it rather checks MA trend of 5,10,20,50,100 and 200 on H1 along with momentum for volume, therefore, we are not going to get frequent trades.
  • #134
  • Oct 2, 2018 10:45am Oct 2, 2018 10:45am
One more update for the EA

Latest Version:
Attached File(s)
File Type: zip V3.zip   170 KB | 309 downloads


Steps for installation
A. Create a folder Structure like - \MQL5\Experts\RekonX
B. Copy paste IncludeX folder
C. Copy paste RekonX-AutoBots-V3.ex5 --> Attach to EURUSD/GBPUSD H4 chart
  • #135
  • Oct 2, 2018 10:51am Oct 2, 2018 10:51am
About V 3.0

A) It is more about creating a platform to summarize trade information and do further development
B) Moving average based trading Entry
C) Fixed SL 200, TP 60,with trailing stop enabled at 10
D) 0.01 lot at start it maximizes +1 for multiple positions, capped max lot at 0.02
E) Profit $10, closes all positions (there are specified time check for closing)
F) No limit set for position open, buy, sell both trades as per trade opportunity
  • #136
  • Oct 2, 2018 10:54am Oct 2, 2018 10:54am
Back testing may take longer time ... for any error please post error message or screenshots.
  • #137
  • Oct 2, 2018 11:20am Oct 2, 2018 11:20am
One more update on Exit function, please use this file.

Attached File(s)
File Type: ex5 RekonX-AutoBots-V3.ex5   157 KB | 280 downloads
  • #138
  • Oct 2, 2018 12:13pm Oct 2, 2018 12:13pm
Trade opens on every 4 hours interval based on 5MA position on H4 chart.
  • #139
  • Oct 3, 2018 9:07am Oct 3, 2018 9:07am
Update v4

Trailing stop issue fixed.

Attached File(s)
File Type: ex5 RekonX-AutoBots-V4.ex5   168 KB | 308 downloads
  • #140
  • Oct 4, 2018 8:15am Oct 4, 2018 8:15am
Update v5: Looks stable release for now for MT5
Please use this version on demo.
Attached File(s)
File Type: zip v5.zip   186 KB | 378 downloads
0 traders viewing now