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My "Ultron" EA for GBPUSD H1 timeframe

  • #1,201
  • Mar 16, 2019 11:03pm Mar 16, 2019 11:03pm
Quoting fareed51
{quote} 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?
Thanks for reply.
I have trades with stop loss for three years, but in vain..
For the last month, i have been reading all the discussions in FOREX FACTORY about not using a stop loss and did not get any result.
When a trade goes against you, Will you wait forever until the price comes back?
Or instead you have two choices, DOLLAR COST AVERAGING or using a wide stop loss like 700 pips for example..Every think i think about has disadvanteges..
  • #1,202
  • Mar 17, 2019 12:32am Mar 17, 2019 12:32am
Quoting shadikalaji
{quote} Thanks for reply. I have trades with stop loss for three years, but in vain.. For the last month, i have been reading all the discussions in FOREX FACTORY about not using a stop loss and did not get any result. When a trade goes against you, Will you wait forever until the price comes back? Or instead you have two choices, DOLLAR COST AVERAGING or using a wide stop loss like 700 pips for example..Every think i think about has disadvanteges..
As an experienced trader how much money have you lost using no stop loss.
What is your lot size vs margin percentage.
Irrespective of whether you have stoploss or not, you have to have discipline to accept loss and take on other opportunities. Usually if you dont close a position, our mind doesn't allow us to think beyond that trade. We miss so many opportunities. The 700 pip movement you saying, could be an opportunity, if you have closed previous position.

Revenge trades, loss recovery trades should be avoided but we as traders we fall into the trap most of the time.
  • #1,203
  • Edited 5:50am Mar 17, 2019 5:09am | Edited 5:50am
Quoting shadikalaji
{quote} Thanks for reply. I have trades with stop loss for three years, but in vain.. For the last month, i have been reading all the discussions in FOREX FACTORY about not using a stop loss and did not get any result. When a trade goes against you, Will you wait forever until the price comes back? Or instead you have two choices, DOLLAR COST AVERAGING or using a wide stop loss like 700 pips for example..Every think i think about has disadvanteges..
Big banks trade monthly charts, big trend comes from Monthly chart, small trend comes from daily chart. If you know the trend so you don't need stop loss. You brought this up so I may start a thread about monthly trend trading vs Daily trend trading. Just search Bank trades, Long/SHORT with them and close trades with them. Yes they float for months but when they get close so give you $10k to $30k in each trade. i thought you were going to suggest not to use stop loss in ultron. which I will oppose as H1 chart or Daily chart you have to close trades with either TP or SL. But with monthly chart you don't need SL.

There are two profitable methods. price action and volume EA. Ultron is Volume based and profitable method. Good luck guys.

Quoting cdsaa
{quote} As an experienced trader how much money have you lost using no stop loss. What is your lot size vs margin percentage. Irrespective of whether you have stoploss or not, you have to have discipline to accept loss and take on other opportunities. Usually if you dont close a position, our mind doesn't allow us to think beyond that trade. We miss so many opportunities. The 700 pip movement you saying, could be an opportunity, if you have closed previous position. Revenge trades, loss recovery trades should be avoided but we as traders we fall...
I agree with cdsaa...

Banks have multiple trading departments. Swingers/scalpers/candle patterns.

There is no holygrail yet, Ultron is volume based and very secure trading method. yes there are losing trades when ultron opens against trend, you can guess it wont make to TP.
  • #1,204
  • Mar 17, 2019 6:05am Mar 17, 2019 6:05am
Hi,

Wow, this looks pretty amazing, so many posts about this EA, such a change from the majority of the EAs out there! Does anyone have a myfxbook account that is tracking the performance?

I'm just getting started with Ultron, any recommended settings/setup?

Thanks!

Mark
  • #1,205
  • Mar 17, 2019 6:18am Mar 17, 2019 6:18am
ULTRON_PDV_104

Updates:

  1. Added 'Full leverage' as a money management option.
  2. Added 'Progressive factors' as a lot multiplier.

Full Leverage
This money management option determines lot sizes as a percentage of the full leverage available for the instrument for your broker. Essentially this works the same way as Feex's calculation in Lite3. This can be risky if there is a long run of losers, but can recover quite quickly when there's a long run of winners.

Progressive Factors
This is an implementation of the progressive betting strategy that takes advantage of strings of wins to boost profits, while attempting to minimise the effect of strings of losses.
Basically each lot (whether fixed or dynamic) is multiplied by the next in a series of factors, which the cyle repeating. When a loss in encountered, the sequence is reset to start at the first factor again.
The default uses factors (multipliers) of 1,3,2,6 expressed as a comma-separated list of percentages (100,300,200,600). These can be amended to whatever values you wish, and there is no limit to the number of factors you use.
To scale down the factors you simply reduce the numbers (e.g. 100,130,120,160 equates to multipliers of 1,1.3,1.2,1.6).

You cannot use both of these features at the same time as you will incur a margin call very quickly.
You cannot use Progressive Factors with MaxTrades > 1.

Attached File(s)
File Type: ex4 ULTRON_PDV_104.ex4   76 KB | 736 downloads
"Pips are vanity. Profit is sanity."
  • #1,206
  • Edited 7:11am Mar 17, 2019 6:58am | Edited 7:11am
Thank you Paul, I will forward test from tomorrow with the full leverage setting.

I am absolutely always perplexed with broker times/local times... Just to confirm if I want to EA to trade during London Open (8am UK time and NY Close which is 9pm London time) what do I enter when my broker is IC Markets +3 GMT...
  • #1,207
  • Edited 7:24am Mar 17, 2019 7:02am | Edited 7:24am
Thanks @PaulDV for the New Version. and thanks for including @Feex's Ulite3 Leverage option. It increasing profitability considerably.


Let me share the results of testing. Again Period is 01-03-2018 to 14-03-2019

TP- 118, SL-69, Time- 7 /21 trailing stop-40 and step-14

These are standard settings i have been using in all my tests.


Ultron_PDV 104 without enabling any options- no progressive, no account leverage - same as previous PDV_1032

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 205 KB



Ultron PDV 104 with Progressive option - 100,300,200,600
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 205 KB


Ultron PDV 104 with Progessive option- 100,130,120,160 (is same as multiplying the general lot size by 1, 1.3, 1.2, 1.6)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 210 KB



Ultimate - Ultron PDV 104 with Account Leverage Calculation- @Feex style of calculating lot size based on Leverage using 500:1 Leverage.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot5.png Size: 205 KB



(Fun intended) Damn we getting good... yooo... team work...

Lot calculations is making a huge contribution. Though it is risky, who care at those numbers. Withdraw after few profits - Idea shared by @PaulDv- withdraw 80 leave 20 and let it run or withdraw 50 of the profit generated and leave 50 and let it trade.

On a Serious Note: We need a good winner run, if we have good winner run, our EA can make it good based on the settings.

For all those who want full results attaching single zip file.


Thanks @PaulDV, great work.

Again thanks to @Pawel & @Feex

@Pawel, not sure where you got the Moving Averages Gap formula. well done buddy... still am in Awe how did those numbers come.

@majamivice thanks to you too, your testing and your question, made us understand the lotsize calculation.
Attached File(s)
File Type: zip pdv104_prog_1326.zip   84 KB | 692 downloads
  • #1,208
  • Mar 17, 2019 7:11am Mar 17, 2019 7:11am
Quoting cdsaa
Thanks @PaulDV for the New Version. and thanks for including @Feex's Ulite3 Leverage option. It increasing profitability considerably. Let me share the results of testing. Again Period is 01-03-2018 to 14-03-2019 TP- 118, SL-69, Time- 7 /21 trailing stop-40 and step-14 These are standard settings i have been using in all my tests. Ultron_PDV 104 without enabling any options- no progressive, no account leverage - same as previous PDV_1032 {image} Ultron PDV 104 with Progressive option - 100,300,200,600 {image} Ultron PDV 104 with Progessive option-...
thanks for the testing!

i was doing some testing of my own... but the number was abit... unbelievable, thought my machine is having some issue haha
  • #1,209
  • Mar 17, 2019 7:14am Mar 17, 2019 7:14am
Quoting johnsmith2nd
Thank you Paul, I will forward test from tomorrow with the full leverage setting. I am absolutely always perplexed with broker times/local times... Just to confirm if I want to EA to trade during London Open (8am UK time and NY Close which is 9pm London time) what do I enter when my broker is IC Markets +3 GMT...
If you're in the UK (as I am) then you should use 08-21 and broker offset of +3. When the UK moves to DST at the end of March, you would adjust the broker offset to +2.

Hope that helps.
"Pips are vanity. Profit is sanity."
  • #1,210
  • Mar 17, 2019 7:14am Mar 17, 2019 7:14am
Quoting PaulDV
ULTRON_PDV_104 Updates: Added 'Full leverage' as a money management option. Added 'Progressive factors' as a lot multiplier. Full Leverage This money management option determines lot sizes as a percentage of the full leverage available for the instrument for your broker. Essentially this works the same way as Feex's calculation in Lite3. This can be risky if there is a long run of losers, but can recover quite quickly when there's a long run of winners. Progressive Factors This is an implementation of the progressive betting strategy that takes...

After debugging, open 3 separate live account and run individual settings each account . Thanks Paul, Feex, and Pawel.
  • #1,211
  • Mar 17, 2019 7:45am Mar 17, 2019 7:45am
Nice.... going to test with TickData and ICMarkets

ICMarkets its GMT+3 right?

Been using +2 but since hour change im not sure anymore

Thanks a lot for your hard work CDSAA



Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 32 KB
  • #1,212
  • Mar 17, 2019 7:56am Mar 17, 2019 7:56am
Quoting jcdmp
Nice.... going to test with TickData and ICMarkets ICMarkets its GMT+3 right? Been using +2 but since hour change im not sure anymore Thanks a lot for your hard work CDSAA Cheers {image}
Yes, it's currently +3. (GMT+2 plus 1 for DST).

When the UK switches to DST (so London will open at 0900 GMT) then this will need to be switched back to +2 for the summer.
"Pips are vanity. Profit is sanity."
  • #1,213
  • Mar 17, 2019 8:05am Mar 17, 2019 8:05am
Quoting jcdmp
Nice.... going to test with TickData and ICMarkets ICMarkets its GMT+3 right? Been using +2 but since hour change im not sure anymore Thanks a lot for your hard work CDSAA Cheers {image}
Icmarkets is +3
But tickdata suite doesn't have Icmarkets data.

I used Dukascopy data, which is +2 offset.
And icmarkets is going into +3 only this month. Otherwise both dukascopy data and icmarkets are both +2.

My leaving of testing with 0 offset is because of that. Tickdata dukascopy default is fine.

Verified by 2 orders which we got one of 7th and one of 13th. Timing does match.
  • #1,214
  • Mar 17, 2019 8:40am Mar 17, 2019 8:40am
Quoting PaulDV
ULTRON_PDV_104 Updates: Added 'Full leverage' as a money management option. Added 'Progressive factors' as a lot multiplier. Full Leverage This money management option determines lot sizes as a percentage of the full leverage available for the instrument for your broker. Essentially this works the same way as Feex's calculation in Lite3. This can be risky if there is a long run of losers, but can recover quite quickly when there's a long run of winners. Progressive Factors This is an implementation of the progressive betting strategy that takes...
Good to see that you have cracked this betting sequence implementation. Thanks!
  • #1,215
  • Mar 17, 2019 9:50am Mar 17, 2019 9:50am
Quoting cdsaa
{quote} Icmarkets is +3 But tickdata suite doesn't have Icmarkets data. I used Dukascopy data, which is +2 offset. And icmarkets is going into +3 only this month. Otherwise both dukascopy data and icmarkets are both +2. My leaving of testing with 0 offset is because of that. Tickdata dukascopy default is fine. Verified by 2 orders which we got one of 7th and one of 13th. Timing does match.
Same here, except I amend it to be plain GMT with no offset. That way I can test without having to worry about DST changes and get an accurate picture of which time period works best on GMT, and can then adjust my settings accordingly.
"Pips are vanity. Profit is sanity."
  • #1,216
  • Mar 17, 2019 1:05pm Mar 17, 2019 1:05pm
Hi,

I started to do some testing, got 90% accuracy, do I have to buy Tick Data Suite to get 99%?

I also tried with USDCHF, did better than GBPUSD...any reason not to try other pairs?

Thanks!

Mark
  • #1,217
  • Mar 17, 2019 4:44pm Mar 17, 2019 4:44pm
Quoting mwaschkowski
Hi, I started to do some testing, got 90% accuracy, do I have to buy Tick Data Suite to get 99%? I also tried with USDCHF, did better than GBPUSD...any reason not to try other pairs? Thanks! Mark
Interesting! Can we you share the results of USDCHF?
  • #1,218
  • Mar 17, 2019 5:51pm Mar 17, 2019 5:51pm
PaulDV

Going to test live

Im in Portugal so its the same GMT as UK and i will follow your suggestion 8-21 GMT+3

Do u suggest to activate NEWS FILTER or not and if yes what is the best after-before timmings?

Thanks a lot
  • #1,219
  • Mar 17, 2019 6:05pm Mar 17, 2019 6:05pm
Having some fun playing with different settings and seeing the outcome.. $1m in 1 year would be really nice though.

I must say that this version is the best one yet, thanks PaulDV.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2019-03-17 at 20.01.40.png Size: 393 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #1,220
  • Mar 17, 2019 6:10pm Mar 17, 2019 6:10pm
Quoting jcdmp
PaulDV Going to test live Im in Portugal so its the same GMT as UK and i will follow your suggestion 8-21 GMT+3 Do u suggest to activate NEWS FILTER or not and if yes what is the best after-before timmings? Thanks a lot
Hiya,

Although the news filter works (i.e. it stops trading and then restarts afterwards) I haven't actually tested the effects of having it on.

As you can't test the news filter historically, the closest I would be able to get would be to run the EA with it off, and then go through the trades and attempt to match them to the high impact news and speeches to see if they would have been avoided. I haven't done this yet, but may do.

Generally speaking though, with other EAs, I would cease trading at least an hour before major news, and restart after about an hour afterwards. However, as we're working on a H1 timeframe, I suspect that the news filter will probably have little impact, but please feel free to try it out on demo.
"Pips are vanity. Profit is sanity."
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