My "Ultron" EA for GBPUSD H1 timeframe

broken ? use CRAZY GLUE - - -tabarnak

loooolllllll if only ....

Thank you, gentlemen, for taking an interest in this endeavor. As for providing the "important specs," I am still testing using different parameters. And true, why
show a piece of Candy if you are not going to take off the wrapper...be patient, thanks.

To add the backtesting is between 02/01/2015 to 01/01/2016...why? Just preference.

any expired date on this version?

Looks promising

I thought my post was respectful -- I didn't trash @CashBoa's attempt. I simply suggested it would have been appropriate to include the stats that MT4 automatically generates along with the chart that @CashBoa posted. When someone posts a chart with no stats -- that should raise a red flag. @albert666 -- you've been around long enough to know that.

As for @CashBoa's "preference" for using 3-year old data to calibrate the EA -- well, I'm afraid that says a lot. It has been posted here (and elsewhere) about using old market data. Unless one plans on using a time machine to travel back to 2015 to trade, then EAs should be calibrated using recent data. @CashBoa will quickly discover that the parameters he is using to "optimize" the EA to suit 2015 data won't work in 2018. An EA's settings -- any EA, not just Ultron -- really must be computed (calibrated) using recent data if you plan on trading in the present. The evidence is right in front of you -- back test the current Ultron using different data horizons -- both old and new. And tell me the performance doesn't differ. Come on, this isn't rocket science -- it's simply common sense. It's also Algebra 101...

I think it's a great idea to try a different data frame. I have to retrieve some more data from Tickstory.

Thanks for understanding and not taking it personally...

Sorry man, i was afraid that your post "discourage" CashBoa, we have seen that so many times here.

Sorry again

No worries -- all is good. Thanks...

This is very profitable EA

For me you high return seems to be martingale with high multiplier, just be careful on the multiplier. Results it would be safer to use 99.9% with variable spread to give better picture of results. Let’s see when you post the ea, we can test it.

hi all. I noticed that very often there is a plus 40-50 pips, and then we go to stoploss. Perhaps breakeven function can save a lot of pips.Only my thoughts,reg,,,paavo

This is exciting, all these ideas. But I have to keep in mind not stray off too much from ULTRON's frame. Meaning I want it simple but effective. A breakeven function is a great idea or even a trailing function...

@CashBoa and Holy-Grail believers -- here's a clue: Forex is difficult and there is a fine line between success and failure. When you are easily distracted by shiny objects then you aren't really serious and your journey hasn't yet begun.

Let's see -- @Pawel probably spent a fair amount of time thinking about, implementing and testing his Ultron EA. Yet -- within a few hours, @CashBoa has discovered an improvement. And this isn't just any improvement -- 4000% return!!

Furthermore, @CashBoa announces it to the world -- without any proof. Since it's a shiny object then the Holy-Grail believers jump on the bandwagon. @CashBoa has his 15-minutes of fame and keeps telling his followers to "be patient".

The same story plays out time and again. I feel embarrassed for the believers since I'm a hobby trader and a member of FF and it is discouraging to know that I can't escape idiots -- not even here. And I feel embarrassed for @CashBoa -- not only for his arrogance in thinking he really is on the verge of a 50-fold performance improvement of @Pawel's algorithm, but prematurely announcing his results and taking advantage of the believers who can't resist every shiny object.

Good luck to y'all...

If I may be honest, I have figured out this EA in maybe 2-3 hours. The same day that I decided to learn mql4. I have tested it a lot, but the process of making this EA work initially was very easy.

Of course, I have many years of experience in the forex market so it's not that anybody can just code this without any knowledge.
Ultron itself is something that is "impossible". Because a lot of people would say "it's impossible to code something simple that make money if it's so simple everybody would be rich by now".

It's a wrong assumption that making money on forex is technically hard. Forex market is not a complicated thing.

What is hard is to not make "human" mistakes. If I would trade Ultron strategy manually, I would lose money probably, because I would overthink this. I would be worried to open a trade, because of "the wrong feel". EA do this without thinking. It's not hard to know what you have to do, the hard part is executing the plan without a second thought.

Of course, for me, personally, it's pointless to spend too much time on developing anything for trading. Why? because I can put maybe 1k USD at maximum into my account and it's simply not worth it. I'm doing a computer science degree and after graduation, I will make way more as a programmer. So my priority is my class, and this is a side project for fun and as a learning experience.
Everything I do here is because "why not" in my free time. That's why I'm sharing this, I cannot get much money out of it, because of my account size, but maybe somebody will be able, good for you if you can.

That's why I'm against discouraging anybody from doing anything. If somebody thinks he can do something, let him try.
Maybe finally it will not be a 4000% per year, but who knows, maybe it will be better than basic Ultron.
If somebody would tell me that it's totally impossible to write an EA that is profitable in just a few lines of code that is extremally simple, then there would be no discussion now. And as far as I know, a lot of people think that way.

Of couse such a claims require a proof, so lets wait

Keep in mind creating an EA that can trade well only 1 cross is not the way to go. Markets are all the same and trader needs to diversify his risk. The more, the better.

Hi all,

What is happening with this thread.

Somebody shares his EA with the communinity.
Good or not good, not that important, but the backtests are looking very promising.
And he shares that is already very positive, most don't do.

And of course very quickly people have already improvements in mind.
We always know better, even without knowing/understanding the original EA.
But that's human and will happen all the time.

After a while people get irritated about posts of other people and start to react.
This reacting gives a new reaction and so one. Please beware us form this posts, which
have totally no contribution.

I see people blame others from taking the floor and doing the same all the time.
Do not punish us with all this posts having no contribution to this thread at all,
because they are only ego stroking of the poster.

Please try to think before you post, does it really contribute.

BR

I was taught to focus on one thing. Each cross is different and each market is different. You cannot be good at everything.
You basically told two things that are opposite to each other. If markets are all the same, why EA works great only on one?
Also, I have stated my opinion about so-called "diversification". If you diversify your trades, it means that you are not sure what you are doing and you hope that you are right. In very long-term investment it's a good idea, but in trading not at all.

Yes -- of course. I spend time coding, experimenting, testing... What I object to is someone announcing they've discovered a 4000% return -- without stats, evidence, EA, or source. And then, repeatedly follow that up by lecturing those with questions and feedback that they need to be patient because he's doing such a careful job. This has nothing to do about discouraging someone -- rather, everything to do about deceiving others (and perhaps oneself). I guess you could say I don't like being deceived or seeing others be deceived. @CashBoa prematurely announced an anomalous result and can no longer reproduce it -- the only thing he can share is advice to "be patient".

Let's see if @CashBoa either apologizes or comes up with a 4000% return EA -- if it is the latter, I'll apologize and eat my gloves...