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1% to 3% Per Day? All things are Possible

  • #561
  • Apr 4, 2020 6:30pm Apr 4, 2020 6:30pm
Quoting PrinceJ58
How can I download history automatically, like how one would go to the history section choose the specific asset and download..
//----

hey prince...... i use milan's free script over at ovo......h
to trade and code, keep both simple... no call to impress....h
  • #562
  • Apr 5, 2020 3:19am Apr 5, 2020 3:19am
Quoting hayseed
{quote} //---- hey prince..... everything i use includes multiple time frames..... either directly such as being a condition of trade or indirectly as in limiting the lot size..... example of multi timeframe condition of trade would be only selling the 30 minute alma/tsr cross signals when the alma is below the tsr on both the 1440 and 240..... example of limiting the lot size for shorts would be reducing it by 50% when the current 1440 and 240 zigzag legs are down..... forgot to mention before, i always used only the fully closed bar..... never...
How often do people find genuine persons who are willing to help steer them into the right direction.
From the beginning you have been giving a rope down the pit for traders to climb up and out of their ways and yet some still ignore. Real stuff, the question now isn't the tester limited to one timeframe, one asset, so your concept would be beyond the capability of mt4? Question.
Then i think of mt5, did it go beyond those limitations of mt4 stated above?, I liked the experience I had doing backtest on mt5 and robots seem to have more to capitalize on within the technology that seems to be more robust.
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  • #563
  • Apr 5, 2020 3:24am Apr 5, 2020 3:24am
Quoting hayseed
{quote} //---- hey prince...... i use milan's free script over at ovo......h
Never thought of this, actually come to think of it when using their renko charts it almost seems like it has downloaded the history in a supercharged way behind the scenes. So I will definately try it out. High quality offline charts, so I expect the same with the generated history to be equally satisfying.
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  • #564
  • Apr 5, 2020 7:32am Apr 5, 2020 7:32am
Quoting PrinceJ58
Real stuff, the question now isn't the tester limited to one timeframe, one asset, so your concept would be beyond the capability of mt4? .
//-----

hey prince.... i might be misunderstanding your question....

the mt4 backtester is not limited to a single timeframe or asset(pair).... you can mix and match not only timeframes but pairs....

in other words, a ea can be written to buy the sell the eurusd when the gbpusd(4 hour) 100 periods sma crosses below the gbpusd(4 hour) 480 periods sma..... and that can be backtested in mt4....

or it could be written and backtested to sell the eurusd when the audnzd(daily) 20 periods sma crossed below the audnzd(weekly) 20 periods sma....

there are some serious advantages to mt5 in general and it's backtester in particular....
//-----

there was a time when the backtester took an 'exhaustive' approach... meaning it exhausted every possible combination.... that took forever.....

i believe michael kreslik suggested changing the approach to something else for speed.... the technical name he used escapes me.....

maybe metaquotes or renat fatkullin already had that idea in mind...... in either event, the back testing method was changed shortly afterward.....

todays backtester does in minutes what used to take hours.....h
to trade and code, keep both simple... no call to impress....h
  • #565
  • Apr 5, 2020 10:32am Apr 5, 2020 10:32am
Quoting hayseed
{quote} //----- hey prince.... i might be misunderstanding your question.... the mt4 backtester is not limited to a single timeframe or asset(pair).... you can mix and match not only timeframes but pairs.... in other words, a ea can be written to buy the sell the eurusd when the gbpusd(4 hour) 100 periods sma crosses below the gbpusd(4 hour) 480 periods sma..... and that can be backtested in mt4.... or it could be written and backtested to sell the eurusd when the audnzd(daily) 20 periods sma crossed below the audnzd(weekly) 20 periods sma.... there...
Thanks for the correction.
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  • #566
  • Apr 8, 2020 5:06am Apr 8, 2020 5:06am
I need a skilled/advanced coder who is willing to work on an expert adviser.
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  • #567
  • Apr 8, 2020 6:21am Apr 8, 2020 6:21am
Inserted Video
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  • #568
  • Edited 5:16pm Apr 8, 2020 4:29pm | Edited 5:16pm
Ok
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  • #569
  • Apr 27, 2020 5:33am Apr 27, 2020 5:33am
Hopefully someone can explain this diagram to me, correctly based on the arrows: left column, row one has two sections which equal to either a buy or sell based on conditions.
In the first row on the left column: is it saying black arrow "IF" GBPUSD AND EURUSD is going down & GBPJPY,EURJPY IS going up then trade usdjpy as a buy.

Or

If GBPUSD divided by EURUSD is going down & Gbpjpy divided by eurjpy is going up, then trade usdjpy as buy?

Then would the two rows and arrows below be saying trade two last pairs after "then" condtion for both red and blue arrow double rows?
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  • #570
  • Jun 6, 2020 10:18pm Jun 6, 2020 10:18pm
What is required to get some investors?
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  • #571
  • Jun 7, 2020 2:32am Jun 7, 2020 2:32am
Quoting PrinceJ58
What is required to get some investors? {image} {image}
It's not difficult to get investors.
Usually they want to see returns above 10% but also DD less than 5% in a consistent way.
If you have long enough track record showing that good data than you will have the queue in front of your door
  • #572
  • Jun 7, 2020 3:24am Jun 7, 2020 3:24am
Quoting Merka
{quote} It's not difficult to get investors. Usually they want to see returns above 10% but also DD less than 5% in a consistent way. If you have long enough track record showing that good data than you will have the queue in front of your door
Thanks for the information... This was more of a stress test, a forward test not backtest. Will do some more work on the system and see what different results I experience.
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  • #573
  • Jun 7, 2020 8:17am Jun 7, 2020 8:17am
Quoting PrinceJ58
What is required to get some investors? {image} {image}
Prince

Can you please show on all majors the performance of your EA over 5 years prefereble 10 years using good tick data.
If the results are good like this than you have a valuable money machine.
Thanks
  • #574
  • Jun 7, 2020 10:04am Jun 7, 2020 10:04am
Quoting Merka
{quote} Prince Can you please show on all majors the performance of your EA over 5 years prefereble 10 years using good tick data. If the results are good like this than you have a valuable money machine. Thanks
Merka its a mt4 based multi asset system, managed by percentage. So a single asset will not do justice to its true performance.

Converting the system to mt5 would be ideal to do such a test but I am very concerned going to a developer at this stage to do so. Sadly its a bit complicated at the moment to trust any one person apart from my dedicated mt4 based programmer. Will see how things go... I have this week to do another set of stress test then will make a move there after. There are investors waiting patiently on the edge of their seats for me to say ready...lets go. So I am trying my best to ensure that all persons participating will be comfortable with performance and the risks associated with this...

So I was quite pleased to know it handled nfp week quite well.
So its a continuous work in progress. So far so good. This did not happen over night. Finally as it regards to valuable system, my aim is to impact lives, not just my immediate friends and family but others globally. Hoping all goes well.
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  • #575
  • Jun 7, 2020 11:01am Jun 7, 2020 11:01am
Quoting PrinceJ58
{quote} Merka its a mt4 based multi asset system, managed by percentage. So a single asset will not do justice to its true performance. Converting the system to mt5 would be ideal to do such a test but I am very concerned going to a developer at this stage to do so. Sadly its a bit complicated at the moment to trust any one person apart from my dedicated mt4 based programmer. Will see how things go... I have this week to do another set of stress test then will make a move there after. There are investors waiting patiently on the edge of their seats...
I think you know what you are doing so sure all finally will go well.
I will be waiting patiently for your next stress.
Cheers
  • #576
  • Edited Jun 8, 2020 12:33am Jun 7, 2020 7:11pm | Edited Jun 8, 2020 12:33am
Quoting Merka
{quote} I think you know what you are doing so sure all finally will go well. I will be waiting patiently for your next stress. Cheers
I myself, I am waiting.
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  • #577
  • Jun 8, 2020 7:17am Jun 8, 2020 7:17am
Explaining my stress test.
I risked 5% per trade, which is not advisable in anyway shape or form if you want to last long in the markets.
The best test is 0.5% up to 2% in my thoughts. If one would risk 5% it should never be on 28 pairs all at once like I am doing.
When you risk on multiple assets all at once it can either go super good or super bad.
You see large drops or large leaps.
For there to be a manageable and comfortable operation it has to be 2 percent or less. Making crazy percentage increases looks nice to the eyes but the opposite also feels bad.
Imagine risking 5% on 20 pairs all at once, that would equal a margin call. If it goes south.
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  • #578
  • Edited 5:23am Jun 9, 2020 5:01am | Edited 5:23am
I now have gotten my conclusion with the stress test this morning during London session.
To survive, one has to risk what they can afford to give to the market in order to receive from the markets.
Not all trades will be won but the aim is to walk away with more in the bag gradually and not over night.
Slow and steady...
Many will love to see rapid growths but really and truly its quite risky to continue on a path like that.
Should one be left to manage a percentage of private finances, it would not be wise to risk beyond a certain percentage on all open transactions all together which would also address draw down.

I wish everyone success in their quest to benefit from these markets.
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  • #579
  • Jun 11, 2020 10:15am Jun 11, 2020 10:15am
We have relaxed the target now so this operation should work a bit easier than the stress test did. Looking forward to success driven days.
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  • #580
  • Jun 12, 2020 3:05am Jun 12, 2020 3:05am
Quoting Merka
{quote} It's not difficult to get investors. Usually they want to see returns above 10% but also DD less than 5% in a consistent way. If you have long enough track record showing that good data than you will have the queue in front of your door
For the year?
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