My EA, put to the test | Forex Factory

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My EA, put to the test

  • #1
  • First Post: Edited 4:44pm Oct 15, 2006 4:42pm | Edited 4:44pm
In the past few weeks, I have alluded to an EA that I have been working on. It was this EA that was the basis for my "Best Way to Choose Lot Sizes" and "Best Way to Choose Exits" threads. With the help I have received in those threads, I think I have now brought the EA to a place where it is ready for a forward test. I am planning on forward testing at least until Christmas, at which point I will have to evaluate whether it is ready for the big-time (live trading).

This EA has performed outstanding on all backtests performed. I have performed a 2001-present backtest, which was wonderful. I also broke that down into a yearly backtest that also proved to be outstanding, with little deviation in terms of winning percentage, which I take as a clue the system can handle various types of markets well.

I may post some backtest reports later.

Also, I will not be posting this EA unless some amazing force acts upon me.
I will repeat myself.

*I will not be posting this EA unless some amazing force acts upon me.*


I do not necessarily mind if others post in this journal, however I will not tolerate freeloaders asking for the code to this EA. Read statement above.

I will be forward testing using an MT4 demo account with 100:1 leverage and starting account balance of $5000. This EA is traded on a 4H timeframe of the EUR/USD only. I will not interfere with this account at all during this time period, nor will I alter the EA in any way during the time period. I will post a daily report of trades from the past 24 hours, and maybe a weekly analysis on Sunday. Just in case this happens, if someone questions my integrity in posting the trade results, I really don't care. I know I am posting the truth, and I don't care if you believe me or not.

My end goal is to take this EA live 1/1/2007, and make some money to pay off that college tuition!

With your support, I'm sure I can.

Thanks,
andersenws

"Youth is the trustee of prosperity." - Benjamin Disraeli
  • #2
  • Oct 15, 2006 5:29pm Oct 15, 2006 5:29pm
Quoting andersenws
With the help I have received in those threads
I don't suppose KARMA is 'amazing' enough for you!

Too bad. You get what you give.

Peace.
HK
  • #3
  • Oct 15, 2006 6:24pm Oct 15, 2006 6:24pm
what EA are you using?-------------------?



Just kiddin. We look forward to seeing results. Why didn't you enter the contest?

do you plan on selling the ea if it works out?
what is your win% on the ea
what is your maximal drawdown%
how many trades does it take in a year/month/week?
how many consecutive # of wins in a year? and consecutive # of losses?

Dave
  • #4
  • Oct 15, 2006 6:50pm Oct 15, 2006 6:50pm
Quoting andersenws
In the past few weeks, I have alluded to an EA that I have been working on. It was this EA that was the basis for my "Best Way to Choose Lot Sizes" and "Best Way to Choose Exits" threads. With the help I have received in those threads, I think I have now brought the EA to a place where it is ready for a forward test. I am planning on forward testing at least until Christmas, at which point I will have to evaluate whether it is ready for the big-time (live trading).

This EA has performed outstanding on all backtests performed. I have performed a 2001-present backtest, which was wonderful. I also broke that down into a yearly backtest that also proved to be outstanding, with little deviation in terms of winning percentage, which I take as a clue the system can handle various types of markets well.

I may post some backtest reports later.

Also, I will not be posting this EA unless some amazing force acts upon me.
I will repeat myself.

*I will not be posting this EA unless some amazing force acts upon me.*





I do not necessarily mind if others post in this journal, however I will not tolerate freeloaders asking for the code to this EA. Read statement above.

I will be forward testing using an MT4 demo account with 100:1 leverage and starting account balance of $5000. This EA is traded on a 4H timeframe of the EUR/USD only. I will not interfere with this account at all during this time period, nor will I alter the EA in any way during the time period. I will post a daily report of trades from the past 24 hours, and maybe a weekly analysis on Sunday. Just in case this happens, if someone questions my integrity in posting the trade results, I really don't care. I know I am posting the truth, and I don't care if you believe me or not.

My end goal is to take this EA live 1/1/2007, and make some money to pay off that college tuition!

With your support, I'm sure I can.

Thanks,
andersenws


Hi Andersenws,

Sounds like you wanted to get feedback and ideas for your EA from the good people here at the fourm but you don't want to share. So if that's the case why continue to post here, you've already got what you wanted, that is, unless you're going to use this thread to flog your EA to the general public. Maybe you should think about paying for a commercial website of your own.

Dave
Dave If you can't swim with the sharks stay out of the water!
  • #5
  • Oct 15, 2006 7:45pm Oct 15, 2006 7:45pm
Wow, I really didn't expect to get that response. Sorry guys, I come in peace. All I was trying to do in saying that is keeping the freeloaders away. Maybe you guys just gave me the "amazing" force I needed. I have received a great deal of help on this forum, and for that I am extremely grateful, but the purpose of this thread is not to develop the EA. I know that an EA is never really finished, but I think it is in a good spot right now to be profitable.

Also, my intention is not to turn this into a classified ad for this EA. I am a college student, not some fly-by-night guy trying to scam the forex newbie.

Horace, I have tried to give as much as I get from this forum. If a question in the Beginner or MetaTrader section has not been answered, I will go and find the answer. Over half of my posts are answering those types of questions.

Another reason for not posting the EA is that right now I don't want it to change. All I want to do is test it. Should the test not work very well, or if there is some glaring weakness, then I will post a thread in the "Discussion" forum. This is a "JOURNAL" forum, and that is all this thread will be.

I have spent 2 hours a day for the past month refining this, and now I would like to test it. That is all.

I am truly sorry that my original post was so harsh. I value the respect of the veterans here just as much as I care about profitability.

Thanks, and I am sorry,
andersenws
"Youth is the trustee of prosperity." - Benjamin Disraeli
  • #6
  • Oct 15, 2006 7:48pm Oct 15, 2006 7:48pm
Hi Andersen,

Your plan seems sound. Develop the EA (pardon my ignorance, but what is an EA?), then back test it mechanically, then forward test it, then market it. If it is a profitable EA, then by selling it to people you will do them a great service while at the same time be compensating yourself for your time and efforts. It all makes sense to me, even if you gained benefits from the generosity of others in the past, it doesn't obligate you to give away your EA for free.
  • #7
  • Oct 15, 2006 9:11pm Oct 15, 2006 9:11pm
Thanks for the support, itme. My EA is just my trading rules coded into a computer program. 100% mechanical.

Now I thought I'd post a backtest report for all to see, so I've attached the summary and graph. It is based on 2% risk per trade, which could easily be upped with the high win percentage of this system. It takes trades pretty frequently, with about 2300 trades on 8400 bars. The obvious weakness of this system is the R:R, but I think I have compensated for that well with the MM and risk management used.

BTW, although I may tweak the code just for fun during the forward test, this is the exact EA that will be implemented. I may post a report later with an upped risk, maybe 4 or 5%.

Thanks,
andersenws

Graph
http://img176.imageshack.us/img176/8071/0406za8.th.gif

Report
http://img176.imageshack.us/img176/6...portle2.th.png
"Youth is the trustee of prosperity." - Benjamin Disraeli
  • #8
  • Oct 15, 2006 9:27pm Oct 15, 2006 9:27pm
With over 90% win you don't need much for R:R.

Don't let anyone get to you, it's your decision to not let thousands of people use your EA that you put your blood and sweat into. Fact is more than half of them wouldn't even know what it did, nor would they care, but you better bet your ass they would use it if it worked.

Remember your friend Petty, as he would say "Nah I won't back down"!

Best of luck to ya buddy.
  • #9
  • Oct 15, 2006 9:46pm Oct 15, 2006 9:46pm
Thanks twinchell, I especially appreciate your help in my "Best Way..." threads.

Here are the backtest results, after adjusting 2% risk to 4%:

Graph
http://img88.imageshack.us/img88/7407/4bi0.th.gif

Report
http://img82.imageshack.us/img82/2432/4pg1.th.png

Thanks,
andersenws
"Youth is the trustee of prosperity." - Benjamin Disraeli
  • #10
  • Oct 15, 2006 10:00pm Oct 15, 2006 10:00pm
Quoting andersenws
Thanks twinchell, I especially appreciate your help in my "Best Way..." threads.

Here are the backtest results, after adjusting 2% risk to 4%:

Graph
http://img88.imageshack.us/img88/7407/4bi0.th.gif

Report
http://img82.imageshack.us/img82/2432/4pg1.th.png

Thanks,
andersenws
with results like that you really shoulda entered the contest. 80,000$ goes to the winner. Imagine what the #'s would be if you started with 80K!!

Good job.

Dave
  • #11
  • Oct 15, 2006 10:06pm Oct 15, 2006 10:06pm
I know, I was thinking about entering the contest, but I hadn't worked out a MM plan yet, and it just wasn't to the point where I wanted it. I'm pulling for Hendrick, though. Hopefully, FF can bring home the title!

andersenws
"Youth is the trustee of prosperity." - Benjamin Disraeli
  • #12
  • Oct 15, 2006 10:19pm Oct 15, 2006 10:19pm
ITME:

This is basically for you, read this statement from another College Student.

Why am I selling it if it's profitable? I'm sure I will get this question, so I am going to answer it now. I am a college student, and don't have much money. I took what little money I did have and opened up a live account. I would like to add more money to the account. Obviously, the more money I have to start with, the faster it will compound. Also, I don't like using as much leverage as I have been, so I need a larger account to scale it down a bit. I am only looking to sell 20 copies of this EA. Once I sell 20, I will no longer accept new orders. The price is $250 USD via e-Gold only.

Just recently at FOREX-TSD a longterm member with many posts for several years and at Strategybuilder Forum, recently within the last month SCAMMED 20 individuals for $2,500. (forextrades) look him up and me at that forum. He sold people a JUNK EA, the one he posted he gave the results of another EA, which was a Trial EA buy AUTO at Strategybuilder,
this individual is anothe idiot who likes to Brag how great an EA he has WISE UP GUY'S AND GAL'S. What the hell is the purpose of his post's in this thread bragging about how rich he will be after he runs it first of next year, He is setting up to sell the damn thing, I am just waiting till he offers to sell it at the first of the year after the phony statement's he posts. Oh and by the way I did not lose the $250 so I can bash this guy, but a friend I corresponded with told me about it and supplied me a copy of that JUNK EA. there are many EA's in the forum, some that I think have merit, don't suck up to this guy and hope he sells it to you remember that scammer at
Forex-TSD.
  • #13
  • Oct 15, 2006 10:28pm Oct 15, 2006 10:28pm
Quoting andersenws
Just in case this happens, if someone questions my integrity in posting the trade results, I really don't care. I know I am posting the truth, and I don't care if you believe me or not.
I didn't know it would happen this soon.

andersenws
"Youth is the trustee of prosperity." - Benjamin Disraeli
  • #14
  • Oct 15, 2006 11:23pm Oct 15, 2006 11:23pm
In this world there's always the good the bad and the ugly. We just have to live with it. At the end of the day, the dcision made by you will not hurt you...don't be too worried about comments my friend. It would be best that people do their own homework for that matter instead of leeching on you, but if you choose to be noble nd share, keep in mind that there will be alot of thankful members....and not forgetting skeptics as well. Its a risk each have to take on their own accord. Gd day and good luck. You should enter the competition. juz my 2 pips

regards
Jest
  • #15
  • Oct 16, 2006 12:54am Oct 16, 2006 12:54am
I knew soon as I saw that report what would happen. There are alot of people dreaming of getting rich. Thats why we are all here. Those who know they cann't do it on there own will hate you with great passion.

Really shoulda just posted the %'s and not the $'s.

But its ok. I got a public EA that should produce me a mil in a years time. But most others cann't get the same back testing results as I can so I get attacked, critisized and so on. Mine isn't such a winning % as yours. 70% wins. should take about 1000 trades in a year. I have been running it on real money for few weeks now and got 71% wins....right in line with back tests.

Mabe I'll see you in the Bahama's sippin margaritas and counting our cash: biggest worrie will be blond or brunett

cheers
  • #16
  • Oct 16, 2006 1:07am Oct 16, 2006 1:07am
Hi David,

What's the name of that EA?

Quoting xxDavidxSxx
I got a public EA that should produce me a mil in a years time.
  • #17
  • Edited 2:27am Oct 16, 2006 1:33am | Edited 2:27am
Just google cyberiatrader

here is link to where we are working on CT
Its a good promising EA that functions on neurologic. And its free. Has much potential.
http://www.forex-tsd.com/expert-advisors-metatrader-4/



P.S. Don't mean to take over your thread here but these guys need something to play with to take there mind off of you
  • #18
  • Oct 16, 2006 6:11am Oct 16, 2006 6:11am
Thanks David. I thought maybe if I posted the report in "report" form, it would add some authenticity, but I guess not. BTW, I do not expect this EA to turn into a million dollars by the end of the year. I do not expect it to turn into 100K by the end of the year. Not with 2% risk. With the original 2% risk I implemented, I am hoping for 40, maybe 50 PERCENT gains. I realize that it's not as exciting as 20+ mil, but the power of this EA is consistent compounding of profits and steady increasing of position size. I may post the individual years backtested later, which will show that this EA is very consistent. I have already run the reportsfor myself, and I believe the accuracy ranges were 88-95%. Little deviation in accuracy means that this EA is stable and consistent.

Thanks again David, I don't mind at all that this thread has deviated a little bit.

andersenws
"Youth is the trustee of prosperity." - Benjamin Disraeli
  • #19
  • Oct 16, 2006 6:17am Oct 16, 2006 6:17am
I studied the 4% risk factor performance report, and if I understand it properly the average rate of return on capital was 8.5% per week for almost two years. Is the reward always 10 pips and the stop always 50 pips? Or does the reward : risk ratio vary from trade to trade? If this EA is for real then it sounds like a dream!
  • #20
  • Oct 16, 2006 6:47am Oct 16, 2006 6:47am
Quoting andersenws
Thanks David. I thought maybe if I posted the report in "report" form, it would add some authenticity, but I guess not. BTW, I do not expect this EA to turn into a million dollars by the end of the year. I do not expect it to turn into 100K by the end of the year. Not with 2% risk. With the original 2% risk I implemented, I am hoping for 40, maybe 50 PERCENT gains. I realize that it's not as exciting as 20+ mil, but the power of this EA is consistent compounding of profits and steady increasing of position size. I may post the individual years backtested later, which will show that this EA is very consistent. I have already run the reportsfor myself, and I believe the accuracy ranges were 88-95%. Little deviation in accuracy means that this EA is stable and consistent.

Thanks again David, I don't mind at all that this thread has deviated a little bit.

andersenws
I admit I am jelous of your accuracy in % wins. I have gotten 72% with CT. It also takes 10 pips per trade and compounds a 2% risk as account grows.
It just took another successful trade this morning. My real account win% is above 75%. I am hopeing that news times created a lesser win% in my backtests. In real time I'll keep it out of major news.

I too don't expect to make a mil in a year. Or even 100k. But its nice to dream. I am showing it will double account each month.
I really just expect it to add alittle to my manual trades. And mabe offset some of the losses I might take. To date it has made me 60 pips in a week. Not too shabby.

Once I have more wins under its belt I might raise the risk.
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