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BTM - Expert Advisor (EA)

  • #2,221
  • Edited 12:55pm Jan 26, 2020 12:32pm | Edited 12:55pm
This are the results of trading with this approach. I know we do not discus here another TF other then M15 but still.

I have been taking trades on M5 for early entry all week and set myself a target of 1000 pips. I could not pull of the market more than 500.. and a few more
The sample size is small but I trade this way for a long time.
Contra trend trades at extreme TMA bands and JFC agrees, also.

TP1 10 pips and set TP2 at BE. TP2 no limit. Global SL 1% of balance (never been there). The TP2 is set manually at important levels or let free.
Pity I did not have a runner this week. It is something you would like to see.. I limit the losers not winners.

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Don't NO-SL and drive! And remember: Always keep your eyes on the trend!
  • #2,222
  • Jan 26, 2020 12:58pm Jan 26, 2020 12:58pm
Quoting Nomenix
This are the results of trading with this approach. I know we do not discus here another TF other then M15 but still. I have been taking trades on M5 for early entry all week and set myself a target of 1000 pips. I could not pull of the market more than 500.. and a few more The sample size is small but I trade this way for a long time. Contra trend trades at extreme TMA bands and JFC agrees, also. TP1 10 pips and set TP2 at BE. TP2 no limit. Global SL 1% of balance (never been there). The TP2 is set manually at important levels or let free....
Nice curve definitely ...

However, it's a big difference between full automatic EA and discretionary trading.
And you will leave pain to take care of itself.
  • #2,223
  • Jan 26, 2020 1:13pm Jan 26, 2020 1:13pm
Yes..

However I made these trades to demonstrate that moving to BE at earlier levels (lets say 60% of TP1) could improve BTM strategy.
Anyhow, to enlarge the sample size in a non human manner I wrote a simple AutoIt script to take automated trades when 3-4 condition are met.
Setting TP2 is a problem but I will use a fix 50-80 pips for now.

Let's see...
Don't NO-SL and drive! And remember: Always keep your eyes on the trend!
  • #2,224
  • Jan 26, 2020 1:17pm Jan 26, 2020 1:17pm
Quoting Nomenix
Yes.. However I take those trades to demonstrate that moving to BE at earlier levels (lets say 60% of TP1) could improve BTM strategy.
This feature has already been implemented ...

All the best.
And you will leave pain to take care of itself.
  • #2,225
  • Jan 26, 2020 10:44pm Jan 26, 2020 10:44pm
Quoting Nomenix
This are the results of trading with this approach. I know we do not discus here another TF other then M15 but still. I have been taking trades on M5 for early entry all week and set myself a target of 1000 pips. I could not pull of the market more than 500.. and a few more The sample size is small but I trade this way for a long time. Contra trend trades at extreme TMA bands and JFC agrees, also. TP1 10 pips and set TP2 at BE. TP2 no limit. Global SL 1% of balance (never been there). The TP2 is set manually at important levels or let free....
157.89 profit factor, $59.62 profit and just $0.18 drawdown, it mean to achieve 100% profit you only have to suffer 0.3% drawdown, what an amazing result!!!

Not to mention money management, I know your strategy is find the entry point near by TMA band with JFC signal, and not consider to trend slope.

However, i wonder 1% SL maybe high risk point, your account balance $6600, 1% SL is $66, meaning if 1 time you hit SL, it will blow all your 100 trades profit, but in fact, your drawdown dont run negative too much...

Could you share more about your SL strategy? Or better, more details about the whole strategy, settings file... you are applying. Many thanks.

Quoting JoeeF
(4) Is there any reason to continue with this thread?
You may consider experimenting with new approaches so that can use EA more flexibly in different strategies...

Many thanks.
  • #2,226
  • Jan 26, 2020 10:56pm Jan 26, 2020 10:56pm
Quoting Thgoldenstar
{quote} 157.89 profit factor, $59.62 profit and just $0.18 drawdown, it mean to achieve 100% profit you only have to suffer 0.3% drawdown, what an amazing result!!! Not to mention money management, I know your strategy is find the entry point near by TMA band with JFC signal, and not consider to trend slope. However, i wonder 1% SL maybe high risk point, your account balance $6600, 1% SL is $66, meaning if 1 time you hit SL, it will blow all your 100 trades profit, but in fact, your drawdown dont run negative too much... Could you share more about...
Again. It's a big difference between full automatic EA and discretionary trading.
And you will leave pain to take care of itself.
  • #2,227
  • Jan 26, 2020 11:04pm Jan 26, 2020 11:04pm
Quoting Thgoldenstar
You may consider experimenting with new approaches so that can use EA more flexibly in different strategies... Many thanks.
Trading is about paying attention. Please pay attention to what I'm writing.

Quote
I'm really pissed off that this thread was kicked off from Trading Systems Forum. Without single word of explanation.

Quote
I won't stop development of JF4XTrader EA. I've got a few new versions including usage of AI & ML.

The only thing I'm considering is support of this thread. Here are proper and "more" proper people on FF ... And one of the "proper" members was complaining/hating against this thread ...

I was talking about unfair environment here on FF ...

https://www.forexfactory.com/showthr...5#post12716835
https://www.forexfactory.com/showthr...9#post12717019
And you will leave pain to take care of itself.
  • #2,228
  • Jan 26, 2020 11:18pm Jan 26, 2020 11:18pm
Quoting JoeeF
{quote} Again. It's a big difference between full automatic EA and discretionary trading.
I know, however the computer can help us do logic behaviors along with being systematic, simple and flexible

What I say is suggestions, I try to build and develop constructive posts for your EA. I always use the word "consider", our opinions are always suggestions, decisions in you.

Quoting JoeeF
{quote} Trading is about paying attention. Please pay attention to what I'm writing.
Please do not pay attention to what I write, please pay attention to the meanings that I want to bring.
  • #2,229
  • Jan 27, 2020 12:06am Jan 27, 2020 12:06am
Quoting JoeeF
{quote} Trading is about paying attention. Please pay attention to what I'm writing. {quote} {quote} I was talking about unfair environment here on FF ... https://www.forexfactory.com/showthr...5#post12716835 https://www.forexfactory.com/showthr...9#post12717019
Thank you for the continuous development Joeef.
I have been running this successfully with 8 concurrent XML files with 8 instances with each currency or related currency pair having a separate configuration.

In my trading, I am not sure if anyone else has noticed it as well that sometimes there will be a drop around 20-25% of the orders where it would reach the stop loss and then bounce back to TP1, currently what I do is manually remove stop losses and set it manual again as the trading happens but sometimes when an order is opened during sleeping time etc, it creates a problem.

I wanted to check in the current XML config is it possible to avoid the stop loss when the order is opened, once it reaches tp1 then have a stop loss at break even?
That would mean if an order is opened, only tp1 and tp2, once it reaches the tp1 then as always we have the stop loss at BE, but until it reaches tp1 having no stop loss.

I am just asking for some knowledge as I have been experimenting with the XML file but wasnt able to get that to work, only solution that worked til now was using an external script on a separate VPS to remove the stop loss and running it in a loop to avoid the stop loss for orders opened when sleeping.
Trading is about earning money while preserving capital.
  • #2,230
  • Jan 27, 2020 3:52am Jan 27, 2020 3:52am
I will answer this time.
Then, we must focus on this thread until JoeeF says otherwise.

Quoting Thgoldenstar
{quote} 157.89 profit factor, $59.62 profit and just $0.18 drawdown, it mean to achieve 100% profit you only have to suffer 0.3% drawdown, what an amazing result!!!
Thank you. It was a long journey to get here. And a lot of work. One can try Davit thread for more insight on trading psychology.

Quoting Thgoldenstar
{quote} I know your strategy is find the entry point near by TMA band with JFC signal, and not consider to trend slope.
That is true. And is a gem, done correctly.

Quoting Thgoldenstar
{quote} However, i wonder 1% SL maybe high risk point, your account balance $6600, 1% SL is $66, meaning if 1 time you hit SL, it will blow all your 100 trades profit, but in fact, your drawdown dont run negative too much...
Last week I was trying to prove something and the fear of losing, made me close a lot of trades earlier. The results where worst than usual.
And I didn't allow runners to be formed, transactions that will go hundred and sometimes thousands of pips in profit, mitigating the 1% loss.

Quoting Thgoldenstar
{quote}Could you share more about your SL strategy? Or better, more details about the whole strategy, settings file... you are applying. Many thanks.
The SL is the hardest part. It involves knowledge and understanding of the market moves.
When a trade turn against me I try to recover, taking trades in same direction at important levels Ex: round numbers. If I cant recover I take the 1% loss. If the reason I placed the first transaction is no longer valid, I close the transactions earlier. It is easier said than done but it can be done.

Important points:
1.entry-JFC/ 2.levels: pivots, round numbers, strong resistances/ 3.no news/ 4.no trade on low moves/small ranges/ 5.trend-atr under 75 contra trend over 75.
The TP1 could be at first pivot or could be at x pips. The TP2 at BE and then profit at second pivot or important levels or let it run.
Don't NO-SL and drive! And remember: Always keep your eyes on the trend!
  • #2,231
  • Jan 29, 2020 7:29am Jan 29, 2020 7:29am
Open order no stop loss and no take profit can?
  • #2,232
  • Jan 30, 2020 1:45pm Jan 30, 2020 1:45pm
Hey JoeeF!

I just wanted to say great job on this thread.
From Monday I'll start running the EA on a demo account for the next few months and will post the weekly results.
I hope this will help.

Also, I am a student in computer science so if you need any help I would be very happy to contribute.

Finally, If you have any academic reading recommendation concerning EA in forex, I would love to know!

Thanks.
  • #2,233
  • Jan 31, 2020 4:29am Jan 31, 2020 4:29am
‘When the EA start losing stop trading ’
does that mean we have to have 2 accounts :
first one (demo) for dummy trading to detect the losing one and wait till it starts winning .
Only then we allow the Second (real ) account to start trading (winning) till it loses and stop trading it again ?
  • #2,234
  • Jan 31, 2020 11:01am Jan 31, 2020 11:01am
Quoting tony.stark
{quote} Thank you for the continuous development Joeef. I have been running this successfully with 8 concurrent XML files with 8 instances with each currency or related currency pair having a separate configuration. In my trading, I am not sure if anyone else has noticed it as well that sometimes there will be a drop around 20-25% of the orders where it would reach the stop loss and then bounce back to TP1, currently what I do is manually remove stop losses and set it manual again as the trading happens but sometimes when an order is opened during sleeping time etc, it creates a problem. I wanted to check in the current XML config is it possible to avoid the stop loss when the order is opened, once it reaches tp1 then have a stop loss at break even? That would mean if an order is opened, only tp1 and tp2, once it reaches the tp1 then as always we have the stop loss at BE, but until it reaches tp1 having no stop loss. I am just asking for some knowledge as I have been experimenting with the XML file but wasnt able to get that to work, only solution that worked til now was using an external script on a separate VPS to remove the stop loss and running it in a loop to avoid the stop loss for orders opened when sleeping.
Thank you for your suggestions. Anyway, I'm not sure if trading without SL would be a good idea.

Take care.
And you will leave pain to take care of itself.
  • #2,235
  • Jan 31, 2020 11:06am Jan 31, 2020 11:06am
Quoting Zhanguo
Open order no stop loss and no take profit can?
I'm not sure I can understand properly. You cannot use this EA without tp and sl. At least for now.

Take care.
And you will leave pain to take care of itself.
  • #2,236
  • Jan 31, 2020 11:12am Jan 31, 2020 11:12am
Quoting MamounDeb
Hey JoeeF! I just wanted to say great job on this thread. From Monday I'll start running the EA on a demo account for the next few months and will post the weekly results. I hope this will help.
Yes. It'll help. Definitely ...

Quoting MamounDeb
Also, I am a student in computer science so if you need any help I would be very happy to contribute.
The analysis of executed trades would help tremendously.

All the best.
And you will leave pain to take care of itself.
  • #2,237
  • Jan 31, 2020 12:15pm Jan 31, 2020 12:15pm
Quoting tony.stark
{quote} Thank you for the continuous development Joeef. I have been running this successfully with 8 concurrent XML files with 8 instances with each currency or related currency pair having a separate configuration. In my trading, I am not sure if anyone else has noticed it as well that sometimes there will be a drop around 20-25% of the orders where it would reach the stop loss and then bounce back to TP1, currently what I do is manually remove stop losses and set it manual again as the trading happens but sometimes when an order is opened during...
it is very normal that sl would get hit easier than tp. that's why it would be nice if we could have hidden sl and hidden tp

you could see that spread will increase most of the time when price is nearing tp
LUCKY golden trades, LUCKY gold investor trading style
  • #2,238
  • Feb 1, 2020 1:24am Feb 1, 2020 1:24am
The trade is sometimes generated from both of "C" indicators (JFC & JFXC) ...

https://twitter.com/joeef69/status/1...391134720?s=20
And you will leave pain to take care of itself.
  • #2,239
  • Feb 1, 2020 1:39am Feb 1, 2020 1:39am
Monthly report (3 weeks) for 28 FX pairs with original setup (include TP1 in range) and RR as below:
1. RR > 0.25 setup:
Gross Profit : $ 1585.3
Gross Loss : $ (636.3)
Profit factor : 2.49
Total positions: 106
Win rate. : 57.5%

2. RR > 0.5 setup:
Gross Profit : $ 1282.5
Gross Loss : $ (506.4)
Profit factor : 2.53
Total positions: 86
Win rate. : 57%
  • #2,240
  • Feb 1, 2020 4:33am Feb 1, 2020 4:33am
Hello,
This is my Account from 10/1 ->31/1.

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