My "Ultron" EA for GBPUSD H1 timeframe | Page 9 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Broker Challenge "NDD/STP" vs. True "ECN" and "Mkt Mkr" broker talk 46 replies

Dealing with "Invalid Price", "Requote", "Server Busy" in MT4 3 replies

Timeframe inside current timeframe - is that possible? 2 replies

Seeing higher timeframe indicators on lower timeframe 4 replies

Finding the best "personal" timeframe! 6 replies

Attachments: My "Ultron" EA for GBPUSD H1 timeframe
Exit Attachments

My "Ultron" EA for GBPUSD H1 timeframe

  • #161
  • Nov 9, 2018 8:57am Nov 9, 2018 8:57am
You're last post was very informative and I think everyone was curious on your method of trading with this pair.
  • #162
  • Nov 9, 2018 9:04am Nov 9, 2018 9:04am
Quoting Pawel.Gawron
{quote} I see a lot of comments like that so let me explain why you don't have a single trade for a few days. I will use this analogy - this EA is not acting like a machine gun. It's more like a sniper rifle. In backtest history, it made something like 450 trades in the last 7 years. That means at average it will open one trade per 3-4 days if you exclude weekend time. If you are looking for some "exciting" EA, that will shot a trade few times per day, then Ultron is not an EA you are looking for. I believe that trading is built upon patience. This...
I've been trading for about 15 years and being a Sniper pays off! Sit back, be patient, wait for the target and then.... boom. It was one of the hardest things for me to learn over the years; patience.
Pawel.... you deserve an Award. Thank-you for a very interesting EA. Cheers
  • #163
  • Nov 9, 2018 9:11am Nov 9, 2018 9:11am
I just needed some spare time to write this in a form that can be understandable. Lately I have been busy and didn't have time to write about this
  • #164
  • Nov 9, 2018 9:34am Nov 9, 2018 9:34am
Working on testing this ea.

May I ask developers to include in this EA - risk percentage of equity per trade. This way as equity rises, so does position sizing.

Last 3 years with 1 lot per $10,000 0 - 24 Hr. Could of been much better with risk percentage of equity feature.
Attached Image (click to enlarge)
Click to Enlarge Name: TesterGraph.gif Size: 28 KB
  • #165
  • Nov 9, 2018 9:38am Nov 9, 2018 9:38am
Quoting Pawel.Gawron
{quote} I see a lot of comments like that so let me explain why you don't have a single trade for a few days. I will use this analogy - this EA is not acting like a machine gun. It's more like a sniper rifle. In backtest history, it made something like 450 trades in the last 7 years. That means at average it will open one trade per 3-4 days if you exclude weekend time. If you are looking for some "exciting" EA, that will shot a trade few times per day, then Ultron is not an EA you are looking for. I believe that trading is built upon patience. This...
Thanks a lot for making deeply understand ..
  • #166
  • Nov 9, 2018 9:51am Nov 9, 2018 9:51am
Pawel,

Thanks for a great explanation on how the Ultron EA works.

My account is up 27% in 2 weeks.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 44 KB


Gary
  • #167
  • Nov 9, 2018 10:12am Nov 9, 2018 10:12am
Quoting Pawel
... I'm focused on GBPUSD. When it will be as perfect as can be, I will work on another pair...
@Pawel -- I had a question. Are you using MT4's Strategy Tester and built-in optimizing tool to determine the best values? Or are you using a different methodology? Thanks...
  • #168
  • Nov 9, 2018 10:32am Nov 9, 2018 10:32am
Thank you for the detailed post. Thank you for making this EA public.

Quoting Pawel.Gawron
{quote} I see a lot of comments like that so let me explain why you don't have a single trade for a few days. I will use this analogy - this EA is not acting like a machine gun. It's more like a sniper rifle. In backtest history, it made something like 450 trades in the last 7 years. That means at average it will open one trade per 3-4 days if you exclude weekend time. If you are looking for some "exciting" EA, that will shot a trade few times per day, then Ultron is not an EA you are looking for. I believe that trading is built upon patience. This...
  • #169
  • Nov 9, 2018 10:32am Nov 9, 2018 10:32am
Added Trailing Stop.
I don’t know how interesting it is, but can someone pick up interesting settings
Attached File(s)
File Type: mq4 ULTRON-3.1.2TR.mq4   19 KB | 997 downloads
  • #170
  • Nov 9, 2018 10:38am Nov 9, 2018 10:38am
Feex, can you add risk percentage of equity per trade?
  • #171
  • Nov 9, 2018 10:40am Nov 9, 2018 10:40am
Quoting driven18
Feex, can you add risk percentage of equity per trade?
Erm isnt it running with fixed sl?
Necessity knows no law except to conquer
  • #172
  • Nov 9, 2018 10:44am Nov 9, 2018 10:44am
Quoting driven18
Feex, can you add risk percentage of equity per trade?
In this version, you can change the risk)
Attached File(s)
File Type: mq4 ULTRON-3.3-BZi.mq4   18 KB | 1,151 downloads
  • #173
  • Nov 9, 2018 11:00am Nov 9, 2018 11:00am
First thank you very much for this EA. Second I've done some BT with default settings and changed SL.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 66 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.png Size: 66 KB
  • #174
  • Nov 9, 2018 11:03am Nov 9, 2018 11:03am
To all: be aware...with 1 lot per $10,000, you are risking close to 5% of your equity. Too much....

Of course you can dial it down to 0.5 per $10,000....but profits also will be lower....
  • #175
  • Nov 9, 2018 11:49am Nov 9, 2018 11:49am
Quoting driven18
Feex, can you add risk percentage of equity per trade?
What is the point when you are using fixed tp and sl? Just change your position size.
  • #176
  • Nov 9, 2018 12:13pm Nov 9, 2018 12:13pm
Quoting Pawel.Gawron
{quote} I see a lot of comments like that so let me explain why you don't have a single trade for a few days. I will use this analogy - this EA is not acting like a machine gun. It's more like a sniper rifle. In backtest history, it made something like 450 trades in the last 7 years. That means at average it will open one trade per 3-4 days if you exclude weekend time. If you are looking for some "exciting" EA, that will shot a trade few times per day, then Ultron is not an EA you are looking for. I believe that trading is built upon patience. This...
Thanks for that Pawel. I was testing also other pairs ( as you can see in the thread), but I agree to you, it makes not much sense, if the EA is not calibrate for every single pair. So better to step back a bit and wait the next update for GU and eventually more pairs later on. Thanks for your time in doing this... it is appreciated.
  • #177
  • Edited 1:30pm Nov 9, 2018 1:10pm | Edited 1:30pm
Quoting Feex
Added Trailing Stop. I don’t know how interesting it is, but can someone pick up interesting settings {file}
seems trailing is not active.... i've put tp 0 and tl set to true but ea close order with tp 0 is it normal ? or how i'have to use this trailing?
Thanks
Regards
  • #178
  • Nov 9, 2018 1:13pm Nov 9, 2018 1:13pm
Quoting cescof
{quote} seems trailing is not active.... i've put tp 0 and tl set to true but ea close order with tp 0 is it normal ? or how i'have use this trailing? Thanks Regards
set TP 100 or more, and tral true
  • #179
  • Edited 2:44pm Nov 9, 2018 1:29pm | Edited 2:44pm
Quoting Feex
Added Trailing Stop
I was also thinking about Trailing Stops, but now I think it does NOT make sense for the way this EA is designed.

This EA is designed to run and only close when it hits a SL or TP. In this way it can run for long stretches and overcome small bumps along the way until it reaches its TP.

However, if you add a Trailing Stop -- with the intent to allow it to run even longer -- then I think you have to remove the TP setting. This is because the TP will be hit before you can take advantage of the Trailing Stop.

I think @Pawel has created something special and he explained his philosophy and approach very well in an earlier post. So, now, I'm happy to leave the strategy's design and algorithm to him and just focus to see if Ultron can perform well on other pairs and time frames besides GBPUSD/H1.
  • #180
  • Nov 9, 2018 2:59pm Nov 9, 2018 2:59pm
Trailing stop is a bad idea, I would say that almost always. Forex is nothing more than a gambling. The only way to win is to get statistical advantage over the market. Trailing stop will in most cases kill your gains. If you set it to 50 pips then to get 50pips of profit, you have to enter a trade that could give you a 100 pips. And you are always risking 50 sl. Guess what is more likely to happen, your trade will go way further than 68pips hard-coded tp, and trailing stop will be OK, or you will be cutted at much less while still risking full sl.
2 traders viewing now