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Follow the Candles

  • #861
  • Jul 17, 2020 9:34am Jul 17, 2020 9:34am
Today marks the end of another month of forward testing and the completion of some weekly and daily sets testing. I think I have found a successful weekly set and a successful daily set which I will put through some more forward testing to try out some different MM approaches.

Attached is the pip count log I was keeping on the tests and as you can see the daily set was extremely profitable over the last 8 months of testing. Its very promising.

I'll also be uploading a new version of the EA this weekend that has quite a few changes.

Have a great weekend FF.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Daily.png Size: 20 KB
Click to Enlarge Name: Weekly.png Size: 18 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #862
  • Jul 17, 2020 2:11pm Jul 17, 2020 2:11pm
Quoting mrdfx
Today marks the end of another month of forward testing and the completion of some weekly and daily sets testing. I think I have found a successful weekly set and a successful daily set which I will put through some more forward testing to try out some different MM approaches. Attached is the pip count log I was keeping on the tests and as you can see the daily set was extremely profitable over the last 8 months of testing. Its very promising. I'll also be uploading a new version of the EA this weekend that has quite a few changes. ...
I have been following silently. Thanks for continuing to push this. Look forward to forward testing the new version
  • #863
  • Jul 18, 2020 3:34am Jul 18, 2020 3:34am
Quoting mrdfx
Today marks the end of another month of forward testing and the completion of some weekly and daily sets testing. I think I have found a successful weekly set and a successful daily set which I will put through some more forward testing to try out some different MM approaches. Attached is the pip count log I was keeping on the tests and as you can see the daily set was extremely profitable over the last 8 months of testing. Its very promising. I'll also be uploading a new version of the EA this weekend that has quite a few changes. ...
Looks great Mrdfx, thanks!
  • #864
  • Jul 19, 2020 5:31pm Jul 19, 2020 5:31pm
IMPORTANT UPDATE!!!

Please replace V1.81 for this new version 1.9!

Ok there have been a few changes with this new version so please take note!!!

1. Added a virtual memory function for the VB so now if you accidentally close a chart or restart the terminal with an active VB the EA will remember the vProfit and pip count.
2. Finally fixed the vProfit bug so now it refreshes correctly and displays the correct pip count that matches with the total VB profit.
3. Based on months of forward testing I have also updated some of the default parameters. If you use your own presets then it is less important. See below.

Besides the addition of the virtual memory function for the VB the most notable changes is the default time of open. Previously the default time had been 03:00, and in my manual trading prior to having an EA this was the time which I used more or less, but with using the EA and being able to forward test multiple open times, the 03:00 basket had not actually been very profitable over the long term and another open time had 'stood out from the pack', and this is 23:00 on a Monday before the daily close. So now instead of waiting for 3 hours after the daily close of the Monday candle we are waiting till the last hour of the first daily candle and then trading in that direction. Over the last 7 months of testing it has been the most profitable and consistent weekly basket as can be seen from my previous post #861.

Future ideas:

I am contemplating adding a MA filter so we would only add pairs that passed the MA filter, for example only buys above the 100 EMA and only sells below the 100 EMA. I'm still deciding how best to apply this filter as we dealing with a basket of multiple pairs and I will work on it in the coming weeks. I do think that having an MA filter can help to filter our those pairs that are moving against the main underlying trend. I'll keep you guys updated on this new development.

As always if you guys noticed anything weird or picked up any bugs please give your feedback.

Post #1 updated!
Attached File(s)
File Type: ex4 Follow The Candles EA.ex4   249 KB | 523 downloads
Truth is like poetry. And most people f*cking hate poetry.
  • #865
  • Jul 19, 2020 10:10pm Jul 19, 2020 10:10pm
Thanks Mrdfx for the update.
Which opening times and setting are you using for Daily setup?
  • #866
  • Jul 20, 2020 2:53am Jul 20, 2020 2:53am
Interesting strategy, i added EA on my IC Markets Demo,
is tat enough to add EA to a one pair chart, or do i need to add all pairs on separate charts, Thank You
Failure is not failure if you learn from it...
  • #867
  • Jul 20, 2020 7:03am Jul 20, 2020 7:03am
Quoting Johannes7
Thanks Mrdfx for the update. Which opening times and setting are you using for Daily setup?
The daily forward testing is still ongoing, but feel free to test and experiment daily tests yourself and see what results you have.
Truth is like poetry. And most people f*cking hate poetry.
  • #868
  • Jul 20, 2020 7:05am Jul 20, 2020 7:05am
Quoting suneth2
Interesting strategy, i added EA on my IC Markets Demo, is tat enough to add EA to a one pair chart, or do i need to add all pairs on separate charts, Thank You
You can run the EA on default settings if you like, only adjust the MM to your preference.

You only need to load the EA on one chart, but make sure the pairs on the list in the EA settings are also visible in your market watch so the EA can see them.
Truth is like poetry. And most people f*cking hate poetry.
  • #869
  • Jul 21, 2020 11:50am Jul 21, 2020 11:50am
No trading this week, the new weekly basket sets did not trigger their VB.

The daily sets however hit their daily targets both yesterday and today, which is a good sign of things to come I think.
Truth is like poetry. And most people f*cking hate poetry.
  • #870
  • Jul 24, 2020 3:23am Jul 24, 2020 3:23am
Quoting mrdfx
IMPORTANT UPDATE!!! Please replace V1.81 for this new version 1.9! Ok there have been a few changes with this new version so please take note!!! 1. Added a virtual memory function for the VB so now if you accidentally close a chart or restart the terminal with an active VB the EA will remember the vProfit and pip count. 2. Finally fixed the vProfit bug so now it refreshes correctly and displays the correct pip count that matches with the total VB profit. 3. Based on months of forward testing I have also updated some of the default parameters. If...
Hello mrdfx, firstly many thanks for the update and the good news that the EA is working as it is supposed to do!
I admire your patience and your constant efforts to improve the EA on and on. Although I could not find any consistent starttime for the daily trading I believe it has still much potential. An additional MA filter, perhaps in combinaion with the daily pivot, would surely help.

I'm testing the following daily settings: M15,M30,H1,H4, VB 10 pips (only postive), current candles, different start times. Any hints by you?

Thanks, jdva
I never lose - either I win or I learn...
  • #871
  • Jul 24, 2020 9:39am Jul 24, 2020 9:39am
Quoting jdva
{quote} Hello mrdfx, firstly many thanks for the update and the good news that the EA is working as it is supposed to do! I admire your patience and your constant efforts to improve the EA on and on. Although I could not find any consistent starttime for the daily trading I believe it has still much potential. An additional MA filter, perhaps in combinaion with the daily pivot, would surely help. I'm testing the following daily settings: M15,M30,H1,H4, VB 10 pips (only postive), current candles, different start times. Any hints by you? Thanks, jdva...
Hello jdva, thanks for testing, I look forward to your results.

You are on the right track for the daily sets. If you testing daily then maybe try include the D1 time frame as well?

For the daily sets its very important to test various open times as the market changes throughout the day during the different trade sessions so its good to experiment and see which one works well, this is what I'm doing.

It's also important to try different kinds of MM as I have found that also plays an important role in the results we can have.
Truth is like poetry. And most people f*cking hate poetry.
  • #872
  • Jul 28, 2020 3:00pm Jul 28, 2020 3:00pm
this week, 1.30 and 2am baskets both fired, both hit stoploss

blam
  • #873
  • Jul 29, 2020 2:55am Jul 29, 2020 2:55am
Quoting blamshakk
this week, 1.30 and 2am baskets both fired, both hit stoploss blam
Yep...tough FED week on the daily settings too. I could not make any progress. more losses than wins.

I'm not quite sure how to use the VB, sometimes it seems that a negative trigger value would allow to catch a pullback in a trend!? Maybe mrdfx can explain if one is able to enter a negative value at all and whether the EA is working so.

Happy trading, jdva
I never lose - either I win or I learn...
  • #874
  • Jul 30, 2020 7:05am Jul 30, 2020 7:05am
Quoting blamshakk
this week, 1.30 and 2am baskets both fired, both hit stoploss blam
Thanks blam, and the 1:00 did it not trigger this week?

My weekly sets did not trigger so no trading again this week, I guess its a sign to stay out the market.
Truth is like poetry. And most people f*cking hate poetry.
  • #875
  • Jul 30, 2020 7:08am Jul 30, 2020 7:08am
Quoting jdva
{quote} Yep...tough FED week on the daily settings too. I could not make any progress. more losses than wins. I'm not quite sure how to use the VB, sometimes it seems that a negative trigger value would allow to catch a pullback in a trend!? Maybe mrdfx can explain if one is able to enter a negative value at all and whether the EA is working so. Happy trading, jdva
Hi jdva this post explains about the VB:

https://www.forexfactory.com/thread/...0#post12912330

As the VB is currently designed there is no option for a negative trigger, it only looks for positive trades to trigger an upper movement.
Truth is like poetry. And most people f*cking hate poetry.
  • #876
  • Jul 31, 2020 3:23am Jul 31, 2020 3:23am
hey mrdfx

sorry yes the 1am did trigger this week with 8 trades, but basket closed out at breakeven, my bad

blam

Quoting mrdfx
{quote} Thanks blam, and the 1:00 did it not trigger this week? My weekly sets did not trigger so no trading again this week, I guess its a sign to stay out the market.
  • #877
  • Jul 31, 2020 9:30am Jul 31, 2020 9:30am
Quoting mrdfx
{quote} Hi jdva this post explains about the VB: https://www.forexfactory.com/thread/...0#post12912330 As the VB is currently designed there is no option for a negative trigger, it only looks for positive trades to trigger an upper movement.
Thanks for info, mrdfx!

Do you possibly plan to implement such a negative VB trigger feature? I think it would help a lot to get better entries on trends.
I never lose - either I win or I learn...
  • #878
  • Aug 4, 2020 9:24am Aug 4, 2020 9:24am
Quoting jdva
{quote} Thanks for info, mrdfx! Do you possibly plan to implement such a negative VB trigger feature? I think it would help a lot to get better entries on trends.
Not at this time as I don't see how having a negative trigger VB will benefit the strategy, this means you are trading against the trend.
Truth is like poetry. And most people f*cking hate poetry.
  • #879
  • Aug 4, 2020 9:26am Aug 4, 2020 9:26am
No trading again this week for the weekly baskets, the VB did not trigger.
Truth is like poetry. And most people f*cking hate poetry.
  • #880
  • Aug 11, 2020 1:03pm Aug 11, 2020 1:03pm
update for this week

default 3am basket triggered, stopped out at breakeven

1am basket triggered, closed in profit with trailing stop +175 pips

1.30am basket triggered and closed in full profit +215 pips

blam
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