Flyer! EA - New Thread! | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

My trade explorer Flyer > 1000% return for May 3 replies

Flyer! EA - New Thread - Part 2 147 replies

Fozzy, Pip Boxer, Flyer 4 replies

Help Test my new EA, FLYER! 243 replies

Flyer! Version 2.00 is released. 0 replies

Attachments: Flyer! EA - New Thread!
Exit Attachments

Flyer! EA - New Thread!

  • #121
  • Oct 19, 2006 4:57am Oct 19, 2006 4:57am
Quoting GirlFlyer
Hi Everyone,

During the forward testing of Flyer, especially in the last couple of weeks, I am seeing several "false" signals appearing where the MA's only cross for a short while during slow periods and consequently the trades end up going the wrong way on us. EUR/USD in my opinion since it is the highest volume currency out there, trades with a higher degree of volatility which may create these false signals more often. In back testing Flyer!, I have noticed these false signals don't seem to occur as often as they do in the live trading. I am working on examining the cause of such, but I would like to ask if people are experiencing this as well. If you are, my suggestion is to raise the "Point Adjust" factor on the EUR/USD up a couple of points. This will help filter some of these false signals out and give the EA an idea of where the currency really is headed.

Happy Trading to All!

GirlFlyer
I'm not quite sure if you do this already, but what you may want to try is to test the signals across multiple time periods. For example, testing current period - 1, current period, and current period + 1. ie. test if the signal is valid on 5M, 15M and 30M periods. If all three line up then it's is treated as a valid signal and only then you initiate the order. Usually you will find that the shorter periods cross first.

Also, usually the cable is treated as a more volatile currency, the euro is quite subdued compared to the cable.<o></o>
Just my 2 pips worth
  • #122
  • Oct 19, 2006 5:05am Oct 19, 2006 5:05am
Quoting et_phonehome_2
I have many floating trades for Version A which is on the wrong side right now with the recommended configuration in the document from this thread. Do you think this EA should maybe have some timeframe as to when it should run for certain currency pairs?
I'm in the same situation as you ET. I've been examining the time angle, also. I have noticed that a lot of the times, the major trend changes come in the latter part of the Asian session to the early European and of course up in to NY. What is hurting the EA right now, is that it gets in often on the wrong side of the trend in the late NY early Asian session when often things are doing temporary retraces or the market is generally flat. I am working on resolving the flat market issue with some back tests on a new addition to the EA. So far, the back tests look promising. I just ran a back test on the EUR/USD with this feature added and got a 98.92% success rate out of 554 trades. I don't know how I can get a back test any better than that on accuracy. But the true test will be to see if it can follow thru on the live trading side.

Good luck!
  • #123
  • Oct 19, 2006 5:15am Oct 19, 2006 5:15am
Quoting saltcafe
I'm not quite sure if you do this already, but what you may want to try is to test the signals across multiple time periods. For example, testing current period - 1, current period, and current period + 1. ie. test if the signal is valid on 5M, 15M and 30M periods. If all three line up then it's is treated as a valid signal and only then you initiate the order. Usually you will find that the shorter periods cross first.

Also, usually the cable is treated as a more volatile currency, the euro is quite subdued compared to the cable.<?xml:namespace prefix = o /><o></o>
You're quite right on all your points. Currently Flyer! does not do multiple timeframes, but may be an addition at a later point.

As for the volatility... I admit that GBP/USD is the most volatile pair (except for maybe GBP/JPY). But the strange thing about the GBP/USD is that once it gets started going on a trend, it doesn't jump back and forth over the MA lines very easy. It likes to stick to one side or the other. Consequently, I think this the one reason why Flyer! is doing so well with GBP/USD. My forward testing is going great with this pair, whereas with the Eur/usd crossing back and forth, its getting killed right now on my forward tests. Strange thing is, the E/U did not start doing this until very recent because during the back tests, it did fine up until October where it has started having an accuracy reduction there, too. It is apparent we are having a change in the patterns generated by the E/U this month which is hurting the performance of the EA.

Anyhow, thank you for your input and hope to see you around more.

GirlFlyer
  • #124
  • Oct 19, 2006 9:03am Oct 19, 2006 9:03am
If not from the EU movement to the wrong side..Im sure that this account locked me in profit of $3019.54 instead of -$2196 of loss and -$1724 of floating loss..till now no new trade has been made by Flyer-v100B

closed :

http://i110.photobucket.com/albums/n...iousClosed.jpg

open :

http://i110.photobucket.com/albums/n...eviousOpen.jpg
  • #125
  • Oct 19, 2006 9:21am Oct 19, 2006 9:21am
GJ and EU is right..the only thing that I didn't put enough on SL..I recommended to be running on TF30 GJ should SL at 80 and EU at 60 in case below is the result from Flyer-v100B enter the market just before the retracement happen and hit SL.The only things now it didn' happen for USD/CAD which bought at 1.1401 touched SL at 1.1357 but it then still down till now.

closed:

http://i110.photobucket.com/albums/n...-10-closed.jpg
  • #126
  • Oct 19, 2006 10:51am Oct 19, 2006 10:51am
I only went with the S/L as specified in the docs posted here since they are reasonable in real life trading. I am not sure if one can stomach such a larger S/L since we can never predict the future of price movement. Like many other EAs, they have larger S/L to rake in the PIPs, but in reality, can one stomach that type of loss in one's account? Not unless you have money to give away....
  • #127
  • Oct 19, 2006 11:19am Oct 19, 2006 11:19am
Quoting et_phonehome_2
I only went with the S/L as specified in the docs posted here since they are reasonable in real life trading. I am not sure if one can stomach such a larger S/L since we can never predict the future of price movement. Like many other EAs, they have larger S/L to rake in the PIPs, but in reality, can one stomach that type of loss in one's account? Not unless you have money to give away....
I agree with you ET, plus, I have tried bigger S/L's in the backtesting, and after a point, it no longer becomes beneficial to use bigger S/L's. It only hurts the drawdown and the number of trades, thereby reducing your profitability.
  • #128
  • Oct 19, 2006 12:49pm Oct 19, 2006 12:49pm
Today was Flyer!'s first not-so-good day: down -2.764.11.

Trades opened on the other side of the trend and and just went haywire. For example, cable, E/U, A/U $528, $572 and $650, respectively and each in the red. Each pair based on recommended settings.
  • #129
  • Oct 19, 2006 12:55pm Oct 19, 2006 12:55pm
Marci,

Thanks, for all you have done. I'm thrilled with the Flyer and the entry points it is generating. I like to monitor my trades and use my own exit strategies to close the trades. I am not sure they can be coded into a EA because I look at a different timeframe chart and use candles and other indcators for different exit strategies.

However, can you tell me why the positons in the attached 2 charts were closed?

Thanks, again.

dbcmkx
Attached File(s)
File Type: doc Doc1.doc   182 KB | 351 downloads
  • #130
  • Oct 19, 2006 1:37pm Oct 19, 2006 1:37pm
Quoting dbcmkx
Marci,

Thanks, for all you have done. I'm thrilled with the Flyer and the entry points it is generating. I like to monitor my trades and use my own exit strategies to close the trades. I am not sure they can be coded into a EA because I look at a different timeframe chart and use candles and other indcators for different exit strategies.

However, can you tell me why the positons in the attached 2 charts were closed?

Thanks, again.

dbcmkx
Hi There,

These 2 trades exited when they did because after the initial open, the trade went the opposite direction shortly thereafter. Technically the EA met its "exit" condition. However, at first it was on a negative profit, so it didn't exit right away. But, when the price spiked enough or moved enough to create a postive profit and the exit condition was still valid (ie. the WMA5 was still on the opposite side of the EMA28, it jumped out. This is a perfectly valid condition programmed that way in case of reversal of trend with a temporary spike bringing it back above the take profit mark.
  • #131
  • Oct 19, 2006 1:38pm Oct 19, 2006 1:38pm
Quoting MoneyMa$ter
Today was Flyer!'s first not-so-good day: down -2.764.11.

Trades opened on the other side of the trend and and just went haywire. For example, cable, E/U, A/U $528, $572 and $650, respectively and each in the red. Each pair based on recommended settings.
Same happened with me... we all got caught in trend reversals...

Unfortunate circumstances.

Thanks for your continued support MM!
  • #132
  • Oct 19, 2006 2:10pm Oct 19, 2006 2:10pm
Here too. My vB is down $2095, though the vA is only down $894 since this week's market open. But then my FB tests took a beating today also. . . though my simple MA cross over that has been taking a beating for the first part of the week is now shinning brightly.

Such is life with iRobots ruling the world ey? grin

: ) Thom
  • #133
  • Oct 19, 2006 3:13pm Oct 19, 2006 3:13pm
hey i am running ver A on GBP/JPY and it will not open a trade due to an error code of 134..
yet it opened a nice usd/chf trade this morning with currently 120 pips profit.

It looks like it kept trying to open a trade all day..

also...

I have the standard 5000 demo account... and all the settings set up for a mini account..

but it opened 4 lots of usd/chf this morning... $35.00 per pip

i guess it should be 0.4 lots for 8% risk on a mini account with usd/chf correct?

or am i missing something?

help!!!
  • #134
  • Oct 19, 2006 3:16pm Oct 19, 2006 3:16pm
oh and EUR/JPY it happened too....


errror 134.
  • #135
  • Oct 19, 2006 3:35pm Oct 19, 2006 3:35pm
Quoting HAGeek
oh and EUR/JPY it happened too....


errror 134.
Make sure you set "LotValue" according to your account. Error 134 means not enough money to make the trade.

Mini Accounts require "LotValue" to be set at "1"....
  • #136
  • Oct 19, 2006 3:44pm Oct 19, 2006 3:44pm
strange...

setting that to 0 instead of 1 seems to have fixed it.

now i have 2 more trades opened.
  • #137
  • Oct 19, 2006 4:07pm Oct 19, 2006 4:07pm
Quoting HAGeek
strange...

setting that to 0 instead of 1 seems to have fixed it.

now i have 2 more trades opened.
That's cool... apparently you have a standard account and not a mini... at least its working.
  • #138
  • Oct 19, 2006 4:32pm Oct 19, 2006 4:32pm
i noticed on another post somewhere that adding a time to trade function on the EA might be good.

i.e. only trade certain currency pairs during when the best times to trade are... to prevent trades during the horrible flat sideways movements.

Hey how about looking at the ATR value continually... if it is > than a certain amount then ok to trade..... then if there is a large move overnight for some reason we can catch it.

thoughts?
  • #139
  • Oct 20, 2006 12:06am Oct 20, 2006 12:06am
GirlFlyer-

Thanks so much for your work and willingness to share. I have read all of the posts and have seen the changes. I am currently testing another EA and can only test two more pairs with my current computer/connection.

I have seen all of the changes from A to B and the different settings. My request is this: If you had to pick the two currency pairs to demo test for the next 2 months, what would they be? What time period? What version of Flyer!? and what optimal settings?

I hope this is not too much to ask as I know you are busy. Best regards.
"Its not where your at, but where your coming from"
  • #140
  • Oct 20, 2006 2:36am Oct 20, 2006 2:36am
Its annoying when trying to test EAs with the internet down or loss of connection from broker during the middle of the night...
0 traders viewing now