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  • #161
  • May 5, 2019 1:33pm May 5, 2019 1:33pm
Quoting smartcash
Hi and thanks for this great EA! Is it possible to put in some logic that checks the initial bar (bar1) and the inside (bar2) bars size? A lot of these DD's seems to come from trades when one/or both of these candles are very small (relatively). If we could play with some numbers here we might find a good ratio. (ie bar 1 should have a healthy body and bar 2's body should be like 20-50% of this one) Or maybe a value based on ATR?? Smartcash
I think this is a top notch suggestion!

it could have a positive outcome on the system. It would need quit a lot of calculation and work to see what the most affective 2 bar inside candle set-ups
are when candle size and volume is considered. I two agree. The larger inside candle setups are typically
more affective.

I can probably add this as a filter some time down the road.
  • #162
  • May 5, 2019 1:43pm May 5, 2019 1:43pm
Quoting zozon99
First of all Cubbybgood, thank you for your work ... I used a similar EA, which works very well when it's a ranging market, but it's a disaster when it comes to the trend, even a SL does not help a lot, you simply burn your account if it's not big enough ... RMI is an excellent indicator, but with the addition of momentum indicator, maybe you can filtered out ranging from trending market, which is the biggest problem of all EAs on the market... {image} PS --------------------------------
What is momentum? To a certain degree, momentum is the opposite...
Detecting a trending, flat market and a ranging market is just not affective. Just think about it, if it were so easy to detect these types of markets WHILE they are happening, we would all be millionaires.

its always easy to spot these when looking at past market data.
  • #163
  • May 5, 2019 3:23pm May 5, 2019 3:23pm
Quoting cyberom
{quote}...Now i think that i have the answer for these values for 10K (standard or not): Increase = 0.1 and Balance step = 5000
Or you can just leave 'Increase = 0.01' and 'Balance step = 500' alone and your account will compound faster
  • #164
  • May 5, 2019 3:29pm May 5, 2019 3:29pm
I used Birt's tick data suite to run a couple of tests. The data for GCAD used was 1/1/2006 - 3/5/2019 and is 99.9% accurate.
I loaded the 50:1 set file.

Since it is not possible in ST to use the separate Close All EA to close all trades on a set pips profit, I set the parameter 'Close by Pips Profit' in the EA to true and for test1 set it to 50 (the same as the preset for the Close All EA). This test bombed out on 11/10/2007.
For test2, I set the pips profit to 10 and this one ran to the end for a profit factor of 1.95 and a DD of 24.04%.
I have attached the ST report for both tests and graphs.
Test2 took two days to complete so I'm not inclined to run more and definitely not inclined to try any optimisation but hopefully this may be useful.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: test1.png Size: 58 KB
Click to Enlarge Name: test2.png Size: 57 KB
Click to Enlarge Name: 1GC 1to50 50profit.gif Size: 9 KB
Click to Enlarge Name: 2GC 1to50 10profit.gif Size: 9 KB
  • #165
  • May 5, 2019 5:21pm May 5, 2019 5:21pm
Quoting hepsibah
I used Birt's tick data suite to run a couple of tests. The data for GCAD used was 1/1/2006 - 3/5/2019 and is 99.9% accurate. I loaded the 50:1 set file. Since it is not possible in ST to use the separate Close All EA to close all trades on a set pips profit, I set the parameter 'Close by Pips Profit' in the EA to true and for test1 set it to 50 (the same as the preset for the Close All EA). This test bombed out on 11/10/2007. For test2, I set the pips profit to 10 and this one ran to the end for a profit factor of 1.95 and a DD of 24.04%. I have...
Thanks for running the tests but I find 99.9% accurate tick data to not be as affective as many think.

Here’s my reasons...
1. Because EVERY broker has a slightly different price
2. Commission and spreads are also different at
every broker.
3. Exicution speed and and slippage are different at every broker

its important to have a strategy that isn’t only profitable at a specific broker. The strategy needs to be flexible to all broker conditions.

Just because an EA works well on 99.9 modeling quality, does not mean it will work well at OANDA for example.
  • #166
  • May 5, 2019 5:47pm May 5, 2019 5:47pm
live now xD
Attached Image (click to enlarge)
Click to Enlarge Name: test2.png Size: 15 KB
  • #167
  • May 5, 2019 6:13pm May 5, 2019 6:13pm
Will the settings designed for 1:500 leverage still work effectively at 1:400 leverage?
  • #168
  • May 5, 2019 6:22pm May 5, 2019 6:22pm
Quoting ladharimoham
live now xD {image}
same here
Attached Image (click to enlarge)
Click to Enlarge Name: FXChoice MetaTrader 4.png Size: 37 KB
  • #169
  • May 5, 2019 6:44pm May 5, 2019 6:44pm
Quoting ladharimoham
live now xD {image}
Good luck with your live trading. Keep us updated.
  • #170
  • May 5, 2019 8:12pm May 5, 2019 8:12pm
I'm wondering why this IB didn't trigger a trade.


Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD.png Size: 41 KB
  • #171
  • May 5, 2019 9:40pm May 5, 2019 9:40pm
Thanks for sharing your EA but more importantly your insights.
  • #172
  • May 5, 2019 9:59pm May 5, 2019 9:59pm
Quoting billbss
I'm wondering why this IB didn't trigger a trade. {image}
Because RMI is in over sold .
  • #173
  • May 5, 2019 10:02pm May 5, 2019 10:02pm
Quoting 00PIP
Will the settings designed for 1:500 leverage still work effectively at 1:400 leverage?
sr but thats really a silly question
  • #174
  • May 5, 2019 10:19pm May 5, 2019 10:19pm
Hi Cubbybgood,

Thanks for this free EA. I will be adding this one to my suite of robots. I backtested this robot shortly, and it works the way it is designed. In the beginning, I was wondering why the robot would not take trades. Then I checked the settings. The spread filter is to blame actually. It is set to 10 points. For GBPCAD, the spread is normally up to 50 points in XM. Therefore, I set the spread filter to 60 points, and trades are then taken by the robot.
  • #175
  • May 5, 2019 11:03pm May 5, 2019 11:03pm
Quoting trieuVhh
{quote} sr but thats really a silly question
Is it really silly because the answer is yes, or really silly because the answer is no?
  • #176
  • May 5, 2019 11:34pm May 5, 2019 11:34pm
Quoting 00PIP
Will the settings designed for 1:500 leverage still work effectively at 1:400 leverage?
Without going through the video again to get the specifics, the idea of separate set files, is to let you know what your account capital should be depending on the leverage.
Minimum of 1000 balance on 1:200 leverage and above but ideally 1:500 leverage which includes 1:400 leverage
Minimum of 2000 balance on 1:50 leverage
  • #177
  • May 6, 2019 3:36am May 6, 2019 3:36am
Hi,
I'm getting licence number errors
What is the issue
Thanks
  • #178
  • May 6, 2019 3:40am May 6, 2019 3:40am
Quoting Spikehunter
Hi, I'm getting licence number errors What is the issue Thanks
You need to use setfile..Watch the videos..i think you are the 10th one asking this..Have been adressed many times on tread..Read it!!!
Insanityoing same ting over expecting different results..Einstein
  • #179
  • May 6, 2019 3:52am May 6, 2019 3:52am
Quoting Spikehunter
Hi, I'm getting licence number errors What is the issue Thanks
If you want to create your set-file instead of the provided ones, the licence is cubbybgood
  • #180
  • May 6, 2019 4:01am May 6, 2019 4:01am
Quoting Cubbybgood
{quote} The strategy needs to be flexible to all broker conditions. Just because an EA works well on 99.9 modeling quality, does not mean it will work well at OANDA for example.
On the flipside an EA will NOT work longterm if it does NOT pass a true 99,9% tickdata backtest of at least 10 years including a slippagesimulation (there are only paid solutions here) with excessive values to cover these broker specific variabilities!

A good result on a correctly performed backtest is of course no guarantee, right - but still the best you can get and a much better chance of surviving than everything else.
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