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The Volume Detective 411 replies

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(binned per thread starter’s request) MM (Money Maker) Detective

  • #5,121
  • Jul 21, 2019 12:37am Jul 21, 2019 12:37am
Quoting Robot Trader
{quote} Hi R4M, Well that put a smile on my face and yes we can call each other friends. We have different opinions regarding the value of back testing and that's OK, I like to establish a benchmark based on what I consider to be good data and that doesn't have to be my Brokers data. I will try what you have suggested and wipe my PC clean and then reload MT4 and see what happens hopefully that will work and thank you for your suggestion. Going to take my dogs a walk now so catch you later. Regards RT
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we can call each other friends
Yes -- absolutely...

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Going to take my dogs a walk now so catch you later.
  • #5,122
  • Jul 21, 2019 1:05am Jul 21, 2019 1:05am
Quoting skyway
{quote} What is ourselves ? Simply our believes. Why believe ? Because we don't know for sure. Ignorant. The real enemy is not our believe. The real enemy is not our ignorance. In forex, there are things we know for sure, things we presume we know and things we don't know. Different for each one of us. Where we draw that line that divides the certain facts, our bias believe and ignorance. The real potential enemy is when we pass off our bias believe as fact(and we are wrong). And where we draw that demarcation line between bias believe and ignorance....
Dr. @skyway MD -- psychiatrist specializing in treatments for dysfunctional forex traders...

I think you just about covered it all.

I would add another element to the equation -- and that is trading retail forex is a lonely endeavor. All we have is a screen and our own thoughts.

Everything you mention is true and applies to all professions. But when you work in an office or research lab or a trading floor or with a team you get to interact with others where you consciously or unconsciously bounce things off one another. And you get to hear other people's ideas and beliefs that you may use to refine your own. And if your thinking is way out in left-field then you are likely to be told so to your face and you can correct it.

But as a retail forex trader we engage with forex on our own and have only our beliefs / ignorance / whatever you want to call it, to keep us company.
  • #5,123
  • Jul 21, 2019 3:26am Jul 21, 2019 3:26am
Quoting robots4me
{quote} {quote} @Robot Trader -- I forgot to comment on this statement in my prior post and decided it needed a response all its own. I understand you are half serious and half joking. And you realize you are only harming yourself with your highly restrictive, biased and unreliable criterion that a strategy has to pass your Birt's tick back test, using untested settings and a random pair. What evidence do you have that your criterion is the key to success? Can I send you several hundred EAs for testing so you can tell me which ones stand a chance?...
Hi R4M,

I need to be able to trust an EA with my money, so I test it based on what happened in the past, because I cannot test it on what is going to happen in the future. What I mean by that is, that if I stick it on a Demo account and it performs well for the next six months with a 50% gain, well that is six months wasted where I could have been trading it with real money and then after six months I decide to go live based on the good results and within two months I have lost 20% of my account, but if I had started eight months ago my account would still be 30% up.

For me it is annoying that I cannot test your EA the way that I want, maybe the results will be good, I just don't know.

However at the moment looking at screenshots members are posting I think the EA is opening too many trades at one level and that needs correcting.

Regards

RT
Some people say I'm lucky, but the more I practice the luckier I get
  • #5,124
  • Jul 21, 2019 7:26am Jul 21, 2019 7:26am
Quoting Robot Trader
{quote} Hi R4M, I need to be able to trust an EA with my money, so I test it based on what happened in the past, because I cannot test it on what is going to happen in the future. What I mean by that is, that if I stick it on a Demo account and it performs well for the next six months with a 50% gain, well that is six months wasted where I could have been trading it with real money and then after six months I decide to go live based on the good results and within two months I have lost 20% of my account, but if I had started eight months ago my...
@Robot Trader -- I agree -- trading a Demo account for more than a week is a waste of time. The "delta" between a well-performing strategy and one that performs poorly is small and usually can't overcome the differences between a Demo account and a Real one.

And there is a third alternative -- trade a live, REAL microaccount (i.e. 0.01 lots). It uses real data, so whatever the results you see are the real results. And if it loses, then you skip lunch for a week. And if the results are good then you simply scale up -- increasing the lot size.
  • #5,125
  • Jul 21, 2019 7:59am Jul 21, 2019 7:59am
Quoting robots4me
{quote} @Robot Trader -- I agree -- trading a Demo account for more than a week is a waste of time. The "delta" between a well-performing strategy and one that performs poorly is small and usually can't overcome the differences between a Demo account and a Real one. And there is a third alternative -- trade a live, REAL microaccount (i.e. 0.01 lots). It uses real data, so whatever the results you see are the real results. And if it loses, then you skip lunch for a week. And if the results are good then you simply scale up -- increasing the lot size....
Hi R4M,

There are still a few things that we look upon differently, I will do my due diligence (back testing) and if I am happy with the results I will open a $10K account and let the EA run.

I am hoping your EA will show good results you have put a lot of time into its development and I do not want to see it fail.

Lets see what the coming weeks will bring.

Regards

RT
Some people say I'm lucky, but the more I practice the luckier I get
  • #5,126
  • Jul 21, 2019 8:35am Jul 21, 2019 8:35am
Quoting Robot Trader
{quote}....However at the moment looking at screenshots members are posting I think the EA is opening too many trades at one level and that needs correcting. Regards RT
I do believe that this will be resolved to a large extent in the next version with fractal offset and cc. There is no precision in terms of pips spacing though.
  • #5,127
  • Jul 21, 2019 8:36am Jul 21, 2019 8:36am
Quoting Robot Trader
{quote} Hi R4M, There are still a few things that we look upon differently, I will do my due diligence (back testing) and if I am happy with the results I will open a $10K account and let the EA run. I am hoping your EA will show good results you have put a lot of time into its development and I do not want to see it fail. Lets see what the coming weeks will bring. Regards RT
I second that.
  • #5,128
  • Jul 21, 2019 1:52pm Jul 21, 2019 1:52pm
R4M & BD

First appreciate your work. In case you were wondering your system seems to work well with stocks.
Below daily chart of etf QQQ. As I can't use your indicators in my platform, hope I have understood well their construction
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  • #5,129
  • Jul 21, 2019 2:27pm Jul 21, 2019 2:27pm
Quoting JGalt
R4M & BD First appreciate your work. In case you were wondering your system seems to work well with stocks. Below daily chart of etf QQQ. As I can't use your indicators in my platform, hope I have understood well their construction {image}
@JGalt -- it looks beautiful. @bishopdotun will be very happy to see this. I can see bars closing above / below a band followed by the next bar's open also above / below a band. I think you've got.

And what platform is this?
  • #5,130
  • Jul 21, 2019 2:56pm Jul 21, 2019 2:56pm
Quoting Robot Trader
{quote} Hi R4M, There are still a few things that we look upon differently, I will do my due diligence (back testing) and if I am happy with the results I will open a $10K account and let the EA run. I am hoping your EA will show good results you have put a lot of time into its development and I do not want to see it fail. Lets see what the coming weeks will bring. Regards RT
@Robot Trader -- I am all for due diligence.

I have a question and I've posed it before, but probably not explicitly as a question.

So, my question to you: What settings are you using in your tick back testing? We know the EA is sensitive to which pair, BD time frame, chart time frame, % ADR and entry conditions (there are 4). @bishopdotun has a number of posts for different use scenarios. How in one tick back test can you test all of these and make a determination the EA performs well or doesn't?
  • #5,131
  • Jul 21, 2019 6:58pm Jul 21, 2019 6:58pm
Quoting robots4me
{quote} @Robot Trader -- I am all for due diligence. I have a question and I've posed it before, but probably not explicitly as a question. So, my question to you: What settings are you using in your tick back testing? We know the EA is sensitive to which pair, BD time frame, chart time frame, % ADR and entry conditions (there are 4). @bishopdotun has a number of posts for different use scenarios. How in one tick back test can you test all of these and make a determination the EA performs well or doesn't?
Hi R4M,

Well at the moment I am not doing any successful BT's because of the critical error, but what I was wanting to do FIRST is to use the same settings posted by other members including yourself that have already done the BT's.

I want to confirm that I can duplicate these results using Tick data and the same time periods, I have posted one completed BT for the D1 where I found that the spread filter within the EA was skipping a lot of trades that your BT was taking, also I could not use the Midline Exit because of the critical error, so I had to use opposite Band, which could show different results. However with the TP being a percentage of the ADR I am not sure how many times the Midline or Opposite band were actual exits within the BT.

Please see link to full BT for D1 https://www.forexfactory.com/showthread.php?p=12370513#post12370513

Until I can get the EA performing BT's then I am not able to give any input.

Regards

RT
Some people say I'm lucky, but the more I practice the luckier I get
  • #5,132
  • Jul 21, 2019 9:02pm Jul 21, 2019 9:02pm
Quoting Robot Trader
{quote} Hi R4M, Well at the moment I am not doing any successful BT's because of the critical error, but what I was wanting to do FIRST is to use the same settings posted by other members including yourself that have already done the BT's. I want to confirm that I can duplicate these results using Tick data and the same time periods, I have posted one completed BT for the D1 where I found that the spread filter within the EA was skipping a lot of trades that your BT was taking, also I could not use the Midline Exit because of the critical error,...
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also I could not use the Midline Exit because of the critical error
@Robot Trader -- right, I forgot you had done a successful BT and it the was "Midline Exit" that caused the DLL import problem.
  • #5,133
  • Jul 22, 2019 12:02am Jul 22, 2019 12:02am
Quoting robots4me
{quote} {quote} @Robot Trader -- right, I forgot you had done a successful BT and it the was "Midline Exit" that caused the DLL import problem.
Hi R4M,

I have it working using Tick data just running a trial back test on H4, then I will look back through the thread and see if I can achieve similar results to what others have posted.

Regards

RT
Some people say I'm lucky, but the more I practice the luckier I get
  • #5,134
  • Jul 22, 2019 12:12am Jul 22, 2019 12:12am
Quoting Robot Trader
{quote} Hi R4M, Well at the moment I am not doing any successful BT's because of the critical error, but what I was wanting to do FIRST is to use the same settings posted by other members including yourself that have already done the BT's. I want to confirm that I can duplicate these results using Tick data and the same time periods, I have posted one completed BT for the D1 where I found that the spread filter within the EA was skipping a lot of trades that your BT was taking, also I could not use the Midline Exit because of the critical error,...
@Robot Trader -- did you see the post from @niltino on the other thread? Similar problem. But he tracked his problem to his VPS host. I forgot to ask, are you running on a VPS -- e.g. a MetaQuotes VPS by any chance?
https://www.forexfactory.com/showthread.php?p=12395186#post12395186
  • #5,135
  • Jul 22, 2019 12:40am Jul 22, 2019 12:40am
Quoting robots4me
{quote} @Robot Trader -- did you see the post from @niltino on the other thread? Similar problem. But he tracked his problem to his VPS host. I forgot to ask, are you running on a VPS -- e.g. a MetaQuotes VPS by any chance? https://www.forexfactory.com/showthread.php?p=12395186#post12395186
Hi R4M,

You did ask already about VPS and I have already replied saying no it is just local to my PC, but I know you have to answer a lot of question

Regards

RT
Some people say I'm lucky, but the more I practice the luckier I get
  • #5,136
  • Jul 22, 2019 1:44am Jul 22, 2019 1:44am
just reporting, a bug?
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  • #5,137
  • Jul 22, 2019 1:54am Jul 22, 2019 1:54am
Quoting robots4me
{quote} And what platform is this?
Thinkorswim
  • #5,138
  • Jul 22, 2019 1:58am Jul 22, 2019 1:58am
Quoting benjun9
just reporting, a bug? {image}
@benjun9 -- thanks for the report.

It's not really a bug. What it means is the EA queried the broker for Market Information and the broker failed to respond. It seems to happen from time-to-time with less common pairs. You noticed that it happened twice in quick succession, and then it stopped. That means in subsequent queries the broker did respond.

This is an error that I popup an Alert for -- because I want to know when it happens. If it wasn't for my popup then the query would have failed silently.

For now I would say just keep an eye on it and let me know if it frequently occurs. Personally, I haven't seen that error and I have the dashboard EA running on 3 accounts.
  • #5,139
  • Jul 22, 2019 5:55am Jul 22, 2019 5:55am
Hi R4M,

I have my first Tick data BT for GBPUSD H4 starting the beginning of 2018, you will see from the graph there was a flat period where the EA just opened and closed trades and the Market didn't seem to move.

I have tried to look at this period in Strategy Tester visual mode but the indicator does not work in Strategy Tester, so I can't see what was really happening during this period, now one of these flat periods lasted about 1 month so this seems strange and I think this could be a bug.

I know that I am not using the most recent version, so I will run the BT again with the latest version and see if that makes a difference

Regards

RT
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Some people say I'm lucky, but the more I practice the luckier I get
  • #5,140
  • Jul 22, 2019 7:09am Jul 22, 2019 7:09am
Quoting Robot Trader
Hi R4M, I have my first Tick data BT for GBPUSD H4 starting the beginning of 2018, you will see from the graph there was a flat period where the EA just opened and closed trades and the Market didn't seem to move. I have tried to look at this period in Strategy Tester visual mode but the indicator does not work in Strategy Tester, so I can't see what was really happening during this period, now one of these flat periods lasted about 1 month so this seems strange and I think this could be a bug. I know that I am not using the most recent version,...
I would like to see if the result gets better with these conditions on lower TF (M30)

ENTRY_CONSECUTIVE_CANDLES = 102, // Consecutive candles

Close profit only on exit signal
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