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My "Ultron" EA for GBPUSD H1 timeframe

  • #1,181
  • Edited 2:31am Mar 16, 2019 2:21am | Edited 2:31am
Quoting PaulDV
{quote} I've coded hidden SL and TP before and they are a right pain in the arse to do, especially with multiple orders and moving stops. The only real reason to use them is if you don't trust your broker and think they may be stop hunting...in which case, you are better off finding a broker you DO trust. To be honest, your comment raises several things in my mind that I think are worth pointing out: You shouldn't keep that amount of money in your trading account: Black Swan events do happen, and they can wipe out your entire account! Brokers can...

Thanks Paul. Hidden SL& TP is ok. it is of no use.

ECN brokers it is right.

I have been with ICmarkets since 2016. Good broker. They are handling big accounts. No issues.

I do withdraw after every big win, And keep floating trading account with smaller balance on each account. I like your idea about 80-20.

Personally i measure my performance after withdrawals regularly.
  • #1,182
  • Mar 16, 2019 2:26am Mar 16, 2019 2:26am
Quoting cdsaa
Point i mentioned on Virtual SL & TP, it is mainly to hide from Broker. ECN brokers, we will not have problem. That is on the wish list. Now lets spend time on improving on our losers. 1. Point i have noticed when analysing losers is, they are stagnating for more than 8-10 hrs before falling to death. 2. May be we bring in a parameter for input hours- say i can input 6 or 8 or 10 and EA checks how much is difference in negative. If negative is more than 5pips, it closes the trade, if it is positive, let it ride. that way we can test and see if it...
a loser becomes a loser only when the loss is fixed SL. Up to this point, this "loser" can be a winner. You tracked the losers who closed on SL but you did not track the "losers" who became the winners). It seems to me that if you close orders before SL closes them, this will lead to the loss of some of the winners, and as a result, the total profit will be much less, if at all) But maybe I’m mistaken.
  • #1,183
  • Mar 16, 2019 2:32am Mar 16, 2019 2:32am
as for hiding SL and TP - I came across this and will share observations: The plus is that the broker does not see SL and TP, but there is also a minus: standard, open SL and TP are processed directly by the broker, if the broker is good, then it works quickly. If SL and TP are hidden, then in this case the signal is already processed by the program and in any case it takes more time, which means that the accuracy of the triggering of such a device will decrease. And your SL will not work 70 pips, and maybe 80, or even worse, and it may not work at all. And then the result of trading will not be at all what you expect)


I certainly gave a tough example, but it can be.
  • #1,184
  • Mar 16, 2019 2:36am Mar 16, 2019 2:36am
Quoting Feex
{quote} a loser becomes a loser only when the loss is fixed SL. Up to this point, this "loser" can be a winner. You tracked the losers who closed on SL but you did not track the "losers" who became the winners). It seems to me that if you close orders before SL closes them, this will lead to the loss of some of the winners, and as a result, the total profit will be much less, if at all) But maybe I’m mistaken.

I agree, that it would close some winners as well. but, my assumption, is it would few trades only.

But, if it is something we can check by doing some logic to eliminate wrong ones, we can test and see the data.

I Will again test on visual test, and see how if i can point out real numbers how many them went from negative into profit and after how long.
  • #1,185
  • Mar 16, 2019 2:37am Mar 16, 2019 2:37am
Quoting Feex
as for hiding SL and TP - I came across this and will share observations: The plus is that the broker does not see SL and TP, but there is also a minus: standard, open SL and TP are processed directly by the broker, if the broker is good, then it works quickly. If SL and TP are hidden, then in this case the signal is already processed by the program and in any case it takes more time, which means that the accuracy of the triggering of such a device will decrease. And your SL will not work 70 pips, and maybe 80, or even worse, and it may not work...

I agree both @pauldv and @Feex have said, hidden SL & TP are not good. agree, lets ignore that and move on improving our negative losers.
  • #1,186
  • Mar 16, 2019 3:34am Mar 16, 2019 3:34am
I would like to ask PaulDV how the "risk percentage" works because on Friday 15 on a demo account with 99,500 euros Ultron_Lite_3 (risk ratio 10) entered the market buying 9.94 lots (log file ... ... order buy market 9.94 GBPUSD sl: 1.32218 tp: 0.00000 ) while Ultron_PDV_1031 (risk percentage 10) did not enter the market due to lack of funds (log file ... ... order buy market 16.31 GBPUSD sl: 0.00000 tp: 0.00000 ....... order buy 16.31 GBPUSD opening at market sl: 0.00000 tp: 0.00000 failed [Not enough money]) but above all he tried to buy 16.31 lots. Risk 10 then what is it referring to?
In tests with a 1000 euro bill, buy 0.14 lots, with 10000 buy 1.45 lots with 100000 14.49 lots; yesterday with 99500 euros of account he wanted to buy 16.31. I don't understand very well what it refers to with "risk percentage 10" and because with 99500 it tried to buy 16.31 lots and with 100000 14.49 in the tests. Thank you.
  • #1,187
  • Mar 16, 2019 7:48am Mar 16, 2019 7:48am
Quoting shadikalaji
Hi Please only traders who have experince are invited to reply.. After years of discussion on FF about not using a stop loss and replacing it with dollar cost averaging or keeping the loosing trade like inventory untill the price comes back again, who would agree? And of those who agree, who can share their own real results

I do have few open positions from 2014. each 1 standard lot. yes live account. I'm technical trader & we don't swings in demo. Hoping AUDUSD & EURUSD nose dive this year Finger Cross. Meanwhile I use scalp account and portfolio of EA account.

Why do you ask?
  • #1,188
  • Mar 16, 2019 9:23am Mar 16, 2019 9:23am
Quoting Baxb
I would like to ask PaulDV how the "risk percentage" works because on Friday 15 on a demo account with 99,500 euros Ultron_Lite_3 (risk ratio 10) entered the market buying 9.94 lots (log file ... ... order buy market 9.94 GBPUSD sl: 1.32218 tp: 0.00000 ) while Ultron_PDV_1031 (risk percentage 10) did not enter the market due to lack of funds (log file ... ... order buy market 16.31 GBPUSD sl: 0.00000 tp: 0.00000 ....... order buy 16.31 GBPUSD opening at market sl: 0.00000 tp: 0.00000 failed [Not enough money]) but above all he tried to buy 16.31...
Risk percentage of 10 on a €99,500 account means that you're risking 10% of your entire account (€9950) on a single trade. Assuming you're using the default of 70 pips, this means a lot size of 16.09 lots (this will vary depending on the EURUSD price, so may have worked out at 16.31 at the time).

Your broker will then apply margin to this, and if the margin requirement is too high, the order is rejected. My assumption from this is that you're using a low leverage account - maybe 50:1? Is that correct?
"Pips are vanity. Profit is sanity."
  • #1,189
  • Mar 16, 2019 9:40am Mar 16, 2019 9:40am
[quote = PaulDV; 12121768] {quote} La percentuale di rischio di 10 su un account di € 99,500 significa che stai rischiando il 10% del tuo intero account (€ 9950) su una singola operazione. Supponendo che stai usando il valore predefinito di 70 pips, questo significa un lotto di 16,09 lotti (questo varierà a seconda del prezzo EURUSD, quindi potrebbe aver funzionato alle 16.31 in quel momento). Il tuo broker applicherà quindi un margine a questo e, se il requisito di margine è troppo alto, l'ordine verrà rifiutato. La mia ipotesi è che tu stia usando un account a bassa leva, forse 50: 1? È corretto? [/ Quote]


Yes, the demo refers to Swissquote Ltd which limits the leverage to 1:30 with the new European rules. I actually work with Dukascopy Bank and as a Swiss I don't follow the European rules (leverage 1: 100). Thank you.
  • #1,190
  • Mar 16, 2019 10:05am Mar 16, 2019 10:05am
Quoting Baxb
[quote = PaulDV; 12121768] {quote} La percentuale di rischio di 10 su un account di € 99,500 significa che stai rischiando il 10% del tuo intero account (€ 9950) su una singola operazione. Supponendo che stai usando il valore predefinito di 70 pips, questo significa un lotto di 16,09 lotti (questo varierà a seconda del prezzo EURUSD, quindi potrebbe aver funzionato alle 16.31 in quel momento). Il tuo broker applicherà quindi un margine a questo e, se il requisito di margine è troppo alto, l'ordine verrà rifiutato. La mia ipotesi è che tu stia usando...
Ah, then unfortunately, you will need to reduce your risk level - 5% will probably allow your order to be submitted, but then again, that may be rather near to your margin limits too, and you could end up with a margin call. If it were my account, I would probably go for something around the 3% area, but it's your call, of course.

You could use UL3, but again, that looks extremely high for your leverage, so I would suggest dropping the Risk Ratio on that as well for similar reasons.
"Pips are vanity. Profit is sanity."
  • #1,191
  • Mar 16, 2019 10:12am Mar 16, 2019 10:12am
Quoting cdsaa
{quote} here are the results after switching off panels. PDV_1031 {image} PDV_103 {image} No Change in result, it is same as before. You can see the difference in profits. Full results are given in zip. {file}
Well, I've compared the two sources with WinMerge and the only difference is the initialisation of the tradin hours, which is done just the once when the EA starts, and the printing of the MA values on the info panel, where the values were changed from integer to double - but turning off the info panel has no effect, so that's not it either.

I'm completely flummoxed over why these two versions produce different results - they really should be identical!
"Pips are vanity. Profit is sanity."
  • #1,192
  • Edited 10:45am Mar 16, 2019 10:27am | Edited 10:45am
ULTRON_PDV_1032

Updates:

  1. Corrected colour of numbers on info panel.
  2. Added server time to the info panel.
  3. Corrected the calculation of the trading hours.

IMPORTANT UPDATE!
This version fixes the problem inherent in all versions of ULTRON_PDV up to this point, and you should use this version in preference to all previous versions.
If you use a previous version, your EA may take trades when it is not supposed to, or possibly not open any trades at all.

Attached File(s)
File Type: ex4 ULTRON_PDV_1032.ex4   65 KB | 478 downloads
"Pips are vanity. Profit is sanity."
  • #1,193
  • Mar 16, 2019 11:19am Mar 16, 2019 11:19am
Quoting PaulDV
ULTRON_PDV_1032 Updates: Corrected colour of numbers on info panel. Added server time to the info panel. Corrected the calculation of the trading hours. IMPORTANT UPDATE! This version fixes the problem inherent in all versions of ULTRON_PDV up to this point, and you should use this version in preference to all previous versions. If you use a previous version, your EA may take trades when it is not supposed to, or possibly not open any trades at all. {file}
Hi Paul
"Volume" shouldn't be green?
Attached Image
  • #1,194
  • Mar 16, 2019 11:26am Mar 16, 2019 11:26am
Quoting paroucia
{quote} Hi Paul "Volume" shouldn't be green? {image}
It's red because it's larger than the maximum of 25.
"Pips are vanity. Profit is sanity."
  • #1,195
  • Mar 16, 2019 11:27am Mar 16, 2019 11:27am
Quoting PaulDV
ULTRON_PDV_1032 Updates: Corrected colour of numbers on info panel. Added server time to the info panel. Corrected the calculation of the trading hours. IMPORTANT UPDATE! This version fixes the problem inherent in all versions of ULTRON_PDV up to this point, and you should use this version in preference to all previous versions. If you use a previous version, your EA may take trades when it is not supposed to, or possibly not open any trades at all. {file}
Thank you for this update, as well information regarding the time slot issue from before!
  • #1,196
  • Mar 16, 2019 12:56pm Mar 16, 2019 12:56pm
Also, I just realized that if you apply the Ultron.tpl template file, it changes the EA setting to default with a +2 GMT offset. So for anyone using this template, make sure your EA settings are correct for you as of applying the template.
  • #1,197
  • Mar 16, 2019 6:40pm Mar 16, 2019 6:40pm
Quoting PaulDV
ULTRON_PDV_1032 Updates: Corrected colour of numbers on info panel. Added server time to the info panel. Corrected the calculation of the trading hours. IMPORTANT UPDATE! This version fixes the problem inherent in all versions of ULTRON_PDV up to this point, and you should use this version in preference to all previous versions. If you use a previous version, your EA may take trades when it is not supposed to, or possibly not open any trades at all. {file}

cool! included to testing account.
  • #1,198
  • Mar 16, 2019 7:04pm Mar 16, 2019 7:04pm
Quoting cdsaa
{quote} Thanks Paul. Hidden SL& TP is ok. it is of no use. ECN brokers it is right. I have been with ICmarkets since 2016. Good broker. They are handling big accounts. No issues. I do withdraw after every big win, And keep floating trading account with smaller balance on each account. I like your idea about 80-20. Personally i measure my performance after withdrawals regularly.
cdsaa, do you use Ultron pdv or Lite3 Live?
  • #1,199
  • Mar 16, 2019 7:07pm Mar 16, 2019 7:07pm
Quoting Johannes7
{quote} cdsaa, do you use Ultron pdv or Lite3 Live?

Am using now both as we are still testing it. They are on Live accounts.

So far 2 trades on Ulite closed very good pips.

1 live trade active on both ulite & pdv. Lets see how it goes.

Both of them open with same conditions, so no change on it. We are all testing to see how to maximise our winners. @feex & @pauldv are putting in some great work.
  • #1,200
  • Mar 16, 2019 8:10pm Mar 16, 2019 8:10pm
I tested form 2003 using Dukascopy data, Year 2003-2012 it gives some bad results, after 2012 results are amazing, is that because of volume changes on market. I'll post test results later
Failure is not failure if you learn from it...
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