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Only Scalping strategies (Team work)

  • #101
  • Feb 19, 2020 4:54am Feb 19, 2020 4:54am
Quoting clemmo17
{quote} Hi Gharti, I finally had a chance to do some testing. It's very interesting. However I am getting frequent orderSend error 130 on every instrument if I set the gap < 50. And then if I set gap >= 50 it places no trades. Is it my error? If it is because of my broker's policy (not allowing pending orders to be too near price) then is it possible to use virtual levels and place market orders when they are broken? update: Even with the errors I get the same profit curves on different instruments which is a good sign; it means the results are...
Even i too get order send error while backtesting however, that error seems no effect in real as all orders are executed, really did not look into this in very deep though.
  • #102
  • Feb 19, 2020 4:54am Feb 19, 2020 4:54am
Quoting clemmo17
Also I found a bug in the Diamondback EA, will post a fix here. {file}
so shall we use your ea based on same settings, which pair etc?
  • #103
  • Feb 19, 2020 7:52am Feb 19, 2020 7:52am
Quoting gharti
{quote} Hi here is t he ea pls back test and let us know {file}
Attached Image (click to enlarge)
Click to Enlarge Name: 1582120116001.gif Size: 10 KB


hehe, you know what, it's not a good strategy so forget bout it hehe... (or it's just too lazy of me to test it on 'open prices only' model)
  • #104
  • Feb 19, 2020 8:56am Feb 19, 2020 8:56am
Quoting FarizAfaf
{quote} {image} hehe, you know what, it's not a good strategy so forget bout it hehe... (or it's just too lazy of me to test it on 'open prices only' model)
i tried to create ea based on your idea now you are saying its not good, so let it be and forget.
  • #105
  • Edited 1:38pm Feb 19, 2020 1:16pm | Edited 1:38pm
Quoting gharti
{quote} so shall we use your ea based on same settings, which pair etc?
right now I am testing using AUDCAD, NZDJPY, GBPCHF, EURUSD. No single currency can pull things too far in one direction is the theory.

Timeframes - if you know the trend of the currency, filter using a particular timeframe - you can select up to 3. Right now I am using only one TF and using M5. This is as good as random entry because I want to test the mean reversion theory (basically Van Tharp's theory) rather than test the reliability of an MA filter.
I am using TP:800points, SL:2400points but I don't expect these to get hit, usually.

My session duration was 200 min but I'm increasing it to 500 to see what effect this has, if any. You will have to set the session profit targets and close minimums to the size of your account.

It's still unclear if this idea is viable or not, but if we assume that eventually all prices revert it seems that it must work? What we should see is the 'floating pool' of losses should remain stable, but it should generate some profits daily, never having a 'bad week'.
Attached File(s)
File Type: txt diamondbk1.set.txt   < 1 KB | 374 downloads
  • #106
  • Feb 19, 2020 1:27pm Feb 19, 2020 1:27pm
Quoting gharti
{quote} Even i too get order send error while backtesting however, that error seems no effect in real as all orders are executed, really did not look into this in very deep though.
I will try some live forward demo tests then, assuming the errors are just a peculiarity of MT4.
  • #107
  • Feb 19, 2020 2:51pm Feb 19, 2020 2:51pm
It looks like it is not taking some valid trades. I don't have any error in the journal though.

Attached Image (click to enlarge)
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  • #108
  • Feb 19, 2020 4:20pm Feb 19, 2020 4:20pm
Quoting clemmo17
It looks like it is not taking some valid trades. I don't have any error in the journal though. {image}
I'm very interested in your method Clemmo (Thanks!!!) and Many Thanks for your work with the EA, Gharti.

All the best

Regards

Swnlobo
  • #109
  • Feb 20, 2020 1:03am Feb 20, 2020 1:03am
Quoting clemmo17
It looks like it is not taking some valid trades. I don't have any error in the journal though. {image}
Give me some time, will have to check,
  • #110
  • Feb 20, 2020 4:04pm Feb 20, 2020 4:04pm
Quoting clemmo17
It looks like it is not taking some valid trades. I don't have any error in the journal though. {image}
What settings are you using Clemmo?

Regards
  • #111
  • Feb 20, 2020 10:23pm Feb 20, 2020 10:23pm
Great topic. Let the ideas flow.
  • #112
  • Feb 21, 2020 3:51am Feb 21, 2020 3:51am
Quoting Swnlobo
{quote} What settings are you using Clemmo? Regards
Trading on M5, 0.01 lots, 14ATR, trail:36; step:37; TP:52.
Sorry that's for v.1.
TP:30, candles: 22, SL:810; gap:20;trade:0.12,maxlong:1 Maxshort:1

I think it's more important to get the errors worked out than to optimize at this stage. The original request is for scalping strategies so it has to take all potential trades at lower TF. I'm pretty sure it's caused by using pending orders very close to the current price which most brokers will not allow to protect themselves from arbitrage.
  • #113
  • Feb 21, 2020 3:03pm Feb 21, 2020 3:03pm
Quoting clemmo17
{quote} Trading on M5, 0.01 lots, 14ATR, trail:36; step:37; TP:52. Sorry that's for v.1. TP:30, candles: 22, SL:810; gap:20;trade:0.12,maxlong:1 Maxshort:1 I think it's more important to get the errors worked out than to optimize at this stage. The original request is for scalping strategies so it has to take all potential trades at lower TF. I'm pretty sure it's caused by using pending orders very close to the current price which most brokers will not allow to protect themselves from arbitrage.
Many thanks!!! I will try it.

All the best

Swnlobo
  • #114
  • Feb 22, 2020 5:55am Feb 22, 2020 5:55am
Just a note on the diamondback EA - you can see that it has done OK with daily returns.
Attached Image (click to enlarge)
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However it has not done as well with the equity.
Attached Image (click to enlarge)
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It's possible the returns will keep pace with equity drawdown so that it will balance out, if necessary, with a large loss at the end of a run of gains, but that's not ideal. It's also possible that the market will return to equilibrium (it was unusually trendy the last couple of weeks) and the equity graph will return to neutral.

If it doesn't then the method should be re-evaluated. I've already got a couple of ideas about how to handle the profit-taking differently. Right now it's using what I call "Maxwell's Demon" method of harvesting profitable trades and pruning losses, but it might be better to use a "Maxwell's Gardener" method which would weed out losses and prune profitable trades to offset when possible. There's also "Maxwell's Accountant" which would avoid closing anything until there is adequate profit to offset, basically taking no risks except for swap risks, which can be considerable.

And of course, there's always the option to take advantage of trend bias using the TF filters. If anyone has suggestions please let me know and I'll try to incorporate them in the next version.
  • #115
  • Feb 22, 2020 6:18am Feb 22, 2020 6:18am
Quoting clemmo17
Just a note on the diamondback EA - you can see that it has done OK with daily returns. {image} However it has not done as well with the equity. {image} It's possible the returns will keep pace with equity drawdown so that it will balance out, if necessary, with a large loss at the end of a run of gains, but that's not ideal. It's also possible that the market will return to equilibrium (it was unusually trendy the last couple of weeks) and the equity graph will return to neutral. If it doesn't then the method should be re-evaluated. I've already...
lol, how has it done OK on "daily returns"?! i dont care how much your closed profits are, your equity is lot more important. and you are losing money very consistently. you can keep closing trades for small profits and letting unprofitable float only for so long.
  • #116
  • Feb 22, 2020 6:40am Feb 22, 2020 6:40am
Quoting gharti
{quote} That is what m looking here By the way i created one which works fine with gbp usd but return are around 50% yearly and best tf is h1 do beacktest and let me know if it works fine with lower tf and other pairs. below is ea {file}
If you have an EA that gives you 50% return per year why bother searching for other EAs?
  • #117
  • Feb 22, 2020 7:58am Feb 22, 2020 7:58am
Quoting tonny47
{quote} you can keep closing trades for small profits and letting unprofitable float only for so long.
Of course, but

  1. This is an experiment, as are all systems; If it fails I will know more than when I began. Knowing the point of failure in a system is sometimes the most important thing to know about it.
  2. A couple of weeks is not enough time to say whether there is any consistency either way
  3. If you demand that a system must be immediately and continually profitable from the start you either have access to better ideas or you are missing out on some of the best ideas.

  • #118
  • Feb 23, 2020 12:46am Feb 23, 2020 12:46am
Quoting Merka
{quote} If you have an EA that gives you 50% return per year why bother searching for other EAs?
EAs are based on statistic. Statistic data fluctuates in longterm. Lets say on 4000 trades in 10 years profitable deals 60% and loosing 40%. There will be periods (months or even years) when those % will be +/- 5%. Even 1% fluctuation for win rate can give huge impact on EA profit.

Therefore it is needed to diversify and run N EAs with diferent strategies/symbols to compensate fluctuation. You should backtest total drawdown for entire set of all EAs to ensure yor account would survive.

Lets say you have 10 EAs runing on 1 account. 2 will be total loosers. 6 will be small profit or small loosers. And 2 will be avesome winers. In longterm.

Then you have to make M accounts to diversify "diversification". So you need N x M EAs/symbols/setups. All backtested individually as wining and backtested packages to ensure accounts will survive.

And keep in mind. Backtests don guarantee future. Therefore be ready to have 2x worse drawdown on real account and 2x less profits. So if you target drawdown no more than 20% in each EA backtest and total drawdown no more than 40% then expect on real to have 80% total drawdown. Therefore target total 1 package of N EAs drawdown no more than 20%.
  • #119
  • Edited 11:43am Feb 24, 2020 11:25am | Edited 11:43am
i am sorry fellow traders, i m not full time coder anymore i have to go to job back again in order to survive if i can say one thing 1 percent return per day (be it robo or manual) you get 20 percent per month and that is not impossible. along with trading, i am also working in a project to remove poverty
  • #120
  • Feb 24, 2020 12:20pm Feb 24, 2020 12:20pm
That's ok Gharti. Good luck and we will keep your thread safe. Come back when you can.
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