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BTM - Expert Advisor (EA)

  • #2,161
  • Jan 18, 2020 2:05am Jan 18, 2020 2:05am
Quoting Thgoldenstar
Settings setup for 28 forex major and minor pairs. Previous week is a strong trend week for most of pairs so just one trade open with this settings, and that trade is not nice in my opinion. Next week I will back to current settings (50% filter will ignore most of strong trend pair) and try setup for Commodities, Indices, and maybe Cyptocurrentcy. This system is trend follow system, so i guess it will work well for strong trend CFDs.
Yes. A simple changes to configuration can make a huge difference to returns.

https://www.forexfactory.com/showthr...3#post12702233
https://www.forexfactory.com/showthr...4#post12702274

Quoting Thgoldenstar
You consider adding calculate lots size based on risk % of accounts, the volatility between different currency pairs or CFDs are very different, as well as the size of contracts, margin... I wrote a function and it works, you can refer to it if you need to ...
Thank you for you suggestions. I've got my own library with more than ten types of position sizing.

Position sizing is very important part of money/risk management. It has a huge impact to outcome of trading system. For example: Position sizing has been changed from Fixed size (0.1 lot) to Fixed Fractional - Fixed risk (1%) ...

https://www.forexfactory.com/showthr...2#post12702322

Anyway, we need to find a better configuration now. Some sort of dependency rules/equity crossover rules that improve performance of the system.

Quoting Thgoldenstar
Many thanks.
You are welcome.

All the best.
And you will leave pain to take care of itself.
  • #2,162
  • Edited 4:15am Jan 18, 2020 3:58am | Edited 4:15am
I think Tips 5 from original strategy will help us to reduce risk.

TIPS 5 : If you are going to open a trade with 1 lot,place two order with 0.5 lot,when 60% of tp done,make them break even,when tp1 hit,close one of your trade and let other one hit tp2 (safe trade method)

I saw many trades almost reach TP1 and then return to 2xSL. Over and over again, low liquidity, news, TP near pivots (market reverses), market manipulation at pivots, etc.

My logic is: If we have good liquidity and trend, the break even at 60% wont affect us much, but if not then is a big chance to not win anyway = 2xSL

What do you think?
Don't NO-SL and drive! And remember: Always keep your eyes on the trend!
  • #2,163
  • Jan 18, 2020 4:05am Jan 18, 2020 4:05am
Hi JoeeF, sorry late reply. I opened a small live account last week and placed v1.05 on a VPS last weekend. Below are my settings and results for the week. I would call this week a RED week as a lot of sideways moves. Anyway it survived with a small profit and that is the main thing. (the Gold trade would have taken profit automatically but I closed early)
If you could have a look when you have some time, at the log file for the 17th attached as it took 2 trades GBPAUD and I have it set for only one per day per symbol. Could that be a slow internet connection caused it, or slow VPS maybe as I cannot see anything in the log, but that does not mean a lot.
Also in post #2,032 your reply if I understand correctly the line (sl1=sl2=s1+delta_sl) (SO THIS WOULD BE THE (tp) AMENDED AMOUNT (pips) FROM (r1 and r2)
and the line (sl1=sl2=r1-delta_sl) (THIS WOULD BE THE (sl) AMENDED AMOUNT) When it places both trades they are both placed at sl1 for a buy from what I can see so just so that can be adjusted would be good.
Then at next market open it could adjust to the new pivots, with the amended amounts also it would be good. (hope you can understand as hard to explain sometimes)
If I got that right it would be good if you could add that to the to do list sometime.
Thanks again for your hard work here.
Attached Image (click to enlarge)
Click to Enlarge Name: week-ending-17.01.20.jpg Size: 82 KB
Attached File(s)
File Type: xml JF4XTrader.xml   12 KB | 203 downloads
File Type: txt 17.01.20 log.txt   7 KB | 193 downloads
  • #2,164
  • Jan 18, 2020 4:13am Jan 18, 2020 4:13am
Quoting Nomenix
I think Tips 5 from original strategy will help us to reduce risk. TIPS 5 : If you are going to open a trade with 1 lot,place two order with 0.5 lot,when 60% of tp done,make them break even,when tp1 hit,close one of your trade and let other one hit tp2 (safe trade method) I saw many trades almost reach TP1 and then return to 2xSL. Over and over again, low liquidity, news, TP near pivots (market reverses), market manipulation at pivots, etc. What do you think?
Yes it might be right method. We're moving sl2 to BE at tp1 now. We could move sl1 and sl2 to BE at 60% of tp1 for example. However, the danger of over-fitting would be much higher.

Out of sample testing is needed ...

Take care.
And you will leave pain to take care of itself.
  • #2,165
  • Jan 18, 2020 4:38am Jan 18, 2020 4:38am
Quoting Ched
If you could have a look when you have some time, at the log file for the 17th attached as it took 2 trades GBPAUD and I have it set for only one per day per symbol. Could that be a slow internet connection caused it, or slow VPS maybe as I cannot see anything in the log, but that does not mean a lot.
Thank you for your feedback. Yes this is a bug. New longs (l) and longs for symbol (lfs) are identified properly. However, today's longs (tl) and today's longs for symbol (tlfs) aren't identified properly.

This bug sometimes occurs. I'm trying to solve it.

All the best.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.png Size: 66 KB
Click to Enlarge Name: Image2.png Size: 69 KB
And you will leave pain to take care of itself.
  • #2,166
  • Jan 18, 2020 4:47am Jan 18, 2020 4:47am
Quoting Ched
I opened a small live account last week and placed v1.05 on a VPS last weekend. Below are my settings and results for the week. I would call this week a RED week as a lot of sideways moves. Anyway it survived with a small profit and that is the main thing. (the Gold trade would have taken profit automatically but I closed early)
You've changed settings. It's interesting ...

"it survived ..." - This is important. We need robust system ...

Your input is highly appreciated. Please keep posting.

Take care.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 51 KB
And you will leave pain to take care of itself.
  • #2,167
  • Jan 18, 2020 4:59am Jan 18, 2020 4:59am
Quoting Ched
Also in post #2,032 your reply if I understand correctly the line (sl1=sl2=s1+delta_sl) (SO THIS WOULD BE THE (tp) AMENDED AMOUNT (pips) FROM (r1 and r2) and the line (sl1=sl2=r1-delta_sl) (THIS WOULD BE THE (sl) AMENDED AMOUNT) When it places both trades they are both placed at sl1 for a buy from what I can see so just so that can be adjusted would be good. Then at next market open it could adjust to the new pivots, with the amended amounts also it would be good. (hope you can understand as hard to explain sometimes) If I got that right it would be good if you could add that to the to do list sometime.
Yes, I've got this feature on to do list ...

Quoting Ched
Thanks again for your hard work here.
You are welcome.

Take care.
And you will leave pain to take care of itself.
  • #2,168
  • Jan 18, 2020 7:06am Jan 18, 2020 7:06am
Quoting Nomenix
I think Tips 5 from original strategy will help us to reduce risk. TIPS 5 : If you are going to open a trade with 1 lot,place two order with 0.5 lot,when 60% of tp done,make them break even,when tp1 hit,close one of your trade and let other one hit tp2 (safe trade method) I saw many trades almost reach TP1 and then return to 2xSL. Over and over again, low liquidity, news, TP near pivots (market reverses), market manipulation at pivots, etc. My logic is: If we have good liquidity and trend, the break even at 60% wont affect us much, but if not then...
You're very correct, i share same thoughts with you. That was my experience
  • #2,169
  • Jan 18, 2020 7:20am Jan 18, 2020 7:20am
I made such a proposal early at the beginning of this thread and if I remember this it was said that one of the goals is to avoid too much losses..
so my additional proposal was to check if D1 and H4 timeframe are in same trend direction(not only H4) ..maybee it`s an idea to take only the "stronger"
signals.. the result could be less trades but perhaps less losses. The more experiences traders should perhaps know better then I do.
Time will show by testing..testing..testing
  • #2,171
  • Jan 19, 2020 1:25am Jan 19, 2020 1:25am
Quoting tyremalik
So i just downloaded this BTM system to my charts are yall saying it also is a EA now.. i just have the indicators no EA
you should read the first post on this thread
Trading is about earning money while preserving capital.
  • #2,172
  • Jan 19, 2020 1:25am Jan 19, 2020 1:25am
Quoting tyremalik
So i just downloaded this BTM system to my charts are yall saying it also is a EA now.. i just have the indicators no EA
Please read the first post ...

regards
And you will leave pain to take care of itself.
  • #2,174
  • Jan 19, 2020 11:35am Jan 19, 2020 11:35am
Quoting tyremalik
I followed all the steps in adding the EA and once I put it on eurusd. Charts I can see it up in the top right corner with a smile face... But when I click on something on the screen it goes away and it says it was deleted
You've followed nothing. The first sentence of the first post ...

Anytime you're reporting that EA isn't working please firstly read this post. And please do what is suggested in this post.

Everything is in the first post.

Close all charts and delete all my software. Download it again and:

(5) Put JF4XTrader.ex4 into \MQL4\Experts folder.
(6) Put JF4XTrader.xml into \MetaQuotes\Terminal\Common\Files folder (If someone isn't able to locate common files folder please look here).
(7) Put JF4XTrader.tpl and JF4XTraderX.tpl into MetaQuotes\Terminal\~\templates folder.
(8) If you've got in your MT4 terminal symbol EURUSD don't change anything and put EA on the chart.
(10) Don't forget to download and install indicators JFC.ex4, BB_stops_(new_format)_1.3.ex4, TMA+CG mladen NRP.ex4, JFE.ex4, JFXC.ex4 and xSuperTrend candles (mtf).ex4.

60 seconds of work!!!

THEN
(III) How to add a currency pair? - The another example.

Copy paste - another 2 minutes.

Do it step by step. Firstly do it for only one symbol EURUSD. Then add only one another symbol. Test it ... etc ... etc ...

That's all.


This is really my the last attempt to help you.
And you will leave pain to take care of itself.
  • #2,175
  • Jan 19, 2020 3:17pm Jan 19, 2020 3:17pm
Quoting JoeeF
{quote} You've followed nothing. The first sentence of the first post ... Anytime you're reporting that EA isn't working please firstly read this post. And please do what is suggested in this post. Everything is in the first post. Close all charts and delete all my software. Download it again and: (5) Put JF4XTrader.ex4 into \MQL4\Experts folder. (6) Put JF4XTrader.xml into \MetaQuotes\Terminal\Common\Files folder (If someone isn't able to locate common files folder...
Ok so I finally got it in my charts... Now just waiting for the market to open and to see how it works... And figure out the best settings for it... And thanks for your help
  • #2,176
  • Jan 19, 2020 6:02pm Jan 19, 2020 6:02pm
So I got a signal on NZDCHF but I didnt get an alert does the ea have to be on every chart I looked up how on the 1st page when I hit test and my phone alerted but I didnt get one for the signals... I'll add some screenshots
Attached Image (click to enlarge)
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Attached Image(s) (click to enlarge)
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  • #2,177
  • Jan 19, 2020 7:32pm Jan 19, 2020 7:32pm
Quoting tyremalik
So I got a signal on NZDCHF but I didnt get an alert does the ea have to be on every chart I looked up how on the 1st page when I hit test and my phone alerted but I didnt get one for the signals... I'll add some screenshots{image} {image} {image}
you really should read the first page and the user guide
Trading is about earning money while preserving capital.
  • #2,178
  • Jan 19, 2020 8:07pm Jan 19, 2020 8:07pm
Quoting JoeeF
{quote} You've followed nothing. The first sentence of the first post ... Anytime you're reporting that EA isn't working please firstly read this post. And please do what is suggested in this post. Everything is in the first post. Close all charts and delete all my software. Download it again and: (5) Put JF4XTrader.ex4 into \MQL4\Experts folder. (6) Put JF4XTrader.xml into \MetaQuotes\Terminal\Common\Files folder (If someone isn't able to locate common files folder...
Patience has NO limit for you... I am envious!!
Stay green!!!
  • #2,179
  • Jan 20, 2020 12:56am Jan 20, 2020 12:56am
Quoting tyremalik
So I got a signal on NZDCHF but I didnt get an alert
Please provide log output for that signal.

Quoting tyremalik
does the ea have to be on every chart
Definitely no. Use only one EA ...

(2) If you're a new user of my software please put only one EA on one chart.

Quoting tyremalik
I looked up how on the 1st page when I hit test and my phone alerted but I didnt get one for the signals... I'll add some screenshots{image} {image} {image}
I cannot help you without log output.
And you will leave pain to take care of itself.
  • #2,180
  • Jan 20, 2020 1:00am Jan 20, 2020 1:00am
Quoting Froggy
{quote} Patience has NO limit for you... I am envious!!
Sometimes it's really tough.

Take care.
And you will leave pain to take care of itself.
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