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SchKithZo - GridBender EA (EURUSD)

  • #81
  • Aug 4, 2020 10:11am Aug 4, 2020 10:11am
Quoting Takisd
{quote} I have been a member here since 2005 and I've seen threads come and go, I've seen also people hide commercial intent more often than not. If you don't get 'it' read up on the jacko scam for example. Then you will understand why people are skeptical here, especially older members. The variable parameters in the EA are so limited, I can't actually do anything with it that is worth while other than run it on a demo and report back. But the fact that its blocked to eurusd and requires a "licence" for other pairs as well as the fact you are a...
So you think by you making a valid point and telling to share my source code will prove and turn the fact that the systems are curve fitted like you made clear and i did not actually 100% deny that fact and stated there might be a tendency of curve fitting and that does not really matter to me.. IMO if you think you have the qualification to criticize someones work you should be able to at least replicated this same so called "curve fitted" system so we know your points are valid..Just try make something curve fitted and share so we know you actually know what you are referring to and not just using words because they sound nice
  • #82
  • Aug 4, 2020 10:13am Aug 4, 2020 10:13am
Quoting Takisd
{quote} I have been a member here since 2005 and I've seen threads come and go, I've seen also people hide commercial intent more often than not. If you don't get 'it' read up on the jacko scam for example. Then you will understand why people are skeptical here, especially older members. The variable parameters in the EA are so limited, I can't actually do anything with it that is worth while other than run it on a demo and report back. But the fact that its blocked to eurusd and requires a "licence" for other pairs as well as the fact you are a...
Th system only trades EURUSD and that was made clear..No one made claims of a licence being needed to unlock trading for other pairs.. the system was strictly developed for and on EURUSD data and might have tendencies of curve fitting..Am open minded and have not ruled out that possibility
  • #83
  • Aug 4, 2020 10:30am Aug 4, 2020 10:30am
Quoting SchKithZo
{quote} Th system only trades EURUSD and that was made clear..No one made claims of a licence being needed to unlock trading for other pairs.. the system was strictly developed for and on EURUSD data and might have tendencies of curve fitting..Am open minded and have not ruled out that possibility

please i understand you intended this EA for EURUSD, most trade EURUSD while some others dont, not just because of money but each currency has its character that makes it unique, can you create similar EA for GBPUSD? to test at least with cents account?
  • #84
  • Aug 4, 2020 10:33am Aug 4, 2020 10:33am
Quoting Samalin
{quote} please i understand you intended this EA for EURUSD, most trade EURUSD while some others dont, not just because of money but each currency has its character that makes it unique, can you create similar EA for GBPUSD? to test at least with cents account?
Yes certainly that is the Goal but cant really go ahead on any other pair until i know how the EURUSD version will pan out and tackle real trading conditions. So definitely its something in mind
  • #85
  • Aug 4, 2020 11:47am Aug 4, 2020 11:47am
To understand the ea: how is SL and TP calculated?
  • #86
  • Aug 4, 2020 12:14pm Aug 4, 2020 12:14pm
Quoting renkotop
To understand the ea: how is SL and TP calculated?
Each Indicator has its own dynamic 1:1 sl and tp but basically its based on historical past performance of the indicator and what was the best sl and tp that was most profitable it the building time period... so we can have lets say a MACD signal that takes sl and tp of 20pips just because it is the most profitable and also have another entry of BB band that has sl and tp of 40pips..
  • #87
  • Aug 4, 2020 12:16pm Aug 4, 2020 12:16pm
Quoting SchKithZo
{quote} Each Indicator has its own dynamic 1:1 sl and tp but basically its based on historical past performance of the indicator and what was the best sl and tp that was most profitable it the building time period... so we can have lets say a MACD signal that takes sl and tp of 20pips just because it is the most profitable and also have another entry of BB band that has sl and tp of 40pips..
and orders are triggered by MACD and BB?
  • #88
  • Aug 4, 2020 12:43pm Aug 4, 2020 12:43pm
Quoting renkotop
{quote} and orders are triggered by MACD and BB?
Was just using that as an example tho...other indicators are being used..just try a visual test you will have a preview a lot of indicators are used as entries
  • #89
  • Aug 4, 2020 12:44pm Aug 4, 2020 12:44pm
Quoting SchKithZo
{quote} Was just using that as an example tho...other indicators are being used..just try a visual test you will have a preview a lot of indicators are used as entries
Thanks for reply.
Renko
  • #90
  • Aug 4, 2020 3:12pm Aug 4, 2020 3:12pm
I observed the margin used. it would take full margin when there were four maximum trades with 10%risk. it means margin risk should be considered at modelling since you show off the chart of 10%risk demonstrated. We shall warn the extreme high risk traders.
  • #91
  • Aug 4, 2020 3:13pm Aug 4, 2020 3:13pm
Quoting fung0625
I observed the margin used. it would take full margin when four maximum trade is allowed with 10%risk. Please kindly notice to all testers.
Yes well noted thats something mt4 backtest cant make known...will require unpractical leverage for that 10% risk appetite..Thanks mate.
  • #92
  • Aug 4, 2020 5:52pm Aug 4, 2020 5:52pm
Here is the results for 4maximum trades from 201208-201612
The SL/TP may revise according to the volatility range weekly or monthly. Otherwise leads to lost. Would you open the option for change SL/TP level. I think it was a good try.
Attached history of EURUSDH1 from 201208
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 201208-201212.gif Size: 49 KB
Click to Enlarge Name: 2013.gif Size: 46 KB
Click to Enlarge Name: 2014.gif Size: 44 KB
Click to Enlarge Name: 2015.gif Size: 46 KB
Click to Enlarge Name: 2016.gif Size: 51 KB
Attached File(s)
File Type: csv EURUSD_H1.csv   2.6 MB | 302 downloads
  • #93
  • Aug 5, 2020 12:09am Aug 5, 2020 12:09am
the ea didn't work on real account?
  • #94
  • Aug 5, 2020 2:41am Aug 5, 2020 2:41am
Quoting Takisd
{quote} I have been a member here since 2005 and I've seen threads come and go, I've seen also people hide commercial intent more often than not. If you don't get 'it' read up on the jacko scam for example. Then you will understand why people are skeptical here, especially older members. The variable parameters in the EA are so limited, I can't actually do anything with it that is worth while other than run it on a demo and report back. But the fact that its blocked to eurusd and requires a "licence" for other pairs as well as the fact you are a...

Hi Takisd,
I found the same issue with not begin able to run over the variable parameters or my position models to be able to offer any worthwhile comments.

You had actually given me an idea to do a quick search for the source.
This is what I found below:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 155 KB


This product (original cost $5,000.00) has been pulled from the market in the last few days it seems. That is why there was a license in-built to it.

Here it was offered on the MQL5 community marketplace with the exact same image as in the first post.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 85 KB

A system that shifts the way it behaves by reacting to different defined market conditions is a great idea to explore, but this is not the thread for it as there is no development but only testing a (failed?) Commercial product.
"Work hard, put in the effort, and follow your dreams..." -Me
  • #95
  • Aug 5, 2020 3:40am Aug 5, 2020 3:40am
Quoting tzamo
{quote} Hi Takisd, I found the same issue with not begin able to run over the variable parameters or my position models to be able to offer any worthwhile comments. You had actually given me an idea to do a quick search for the source. This is what I found below: {image} This product (original cost $5,000.00) has been pulled from the market in the last few days it seems. That is why there was a license in-built to it. Here it was offered on the MQL5 community marketplace with the exact same image as in the first post. {image} A system that shifts...
Was pulled down from a commercial product where i felt selling was not worth it and offered a paid product for free with no strings attached... In the original MQL5 offering the statement is still made clear the system only trades EURUSD and the MQL5 version still restricted to only trading EURUSD.
  • #96
  • Aug 5, 2020 3:44am Aug 5, 2020 3:44am
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  • #97
  • Aug 5, 2020 3:48am Aug 5, 2020 3:48am
Its actually not a failed product..Had 2 sales in less that 24hours and decided to pul it out because i did not see the benefit of just selling something for that worth based on just hypothetical performance and also its limitation to just one currency pair...Issued a message to buyers to fill arbitration to MQL5 so their funds are returned because am taking it off the market and they should wait at least end of the year when there is valid live trading results.. i have given all those buyers free versions just like i did here for everyone to trade without limitation...am going to do the same for the other pairs i develop and also give them out for free.
  • #98
  • Aug 5, 2020 3:54am Aug 5, 2020 3:54am
With that being said i dont think this is all worth it..spending hours and weeks of work and then sharing and just being seen as a vilian..Those who have the system can use as they wish and build money management around it,those who dont want anything to do with it can also dump it in the recycle bin..Happy trading and good luck to everyone...My project here to share systems here for free has been discontinued lets all test this one and see how it turns out tho..thanks for all the constructive criticisms.
  • #99
  • Aug 5, 2020 7:41am Aug 5, 2020 7:41am
Quoting SchKithZo
With that being said i dont think this is all worth it..spending hours and weeks of work and then sharing and just being seen as a vilian..Those who have the system can use as they wish and build money management around it,those who dont want anything to do with it can also dump it in the recycle bin..Happy trading and good luck to everyone...My project here to share systems here for free has been discontinued lets all test this one and see how it turns out tho..thanks for all the constructive criticisms.

dude just ignore those trolls, there will always be haters who try to bring down successful people like yourself.... the best thing when you see that sort of negativity is to simply IGNORE and they will eventually hijack someone else's thread with their pathetic nonsense...... don't let them get under your skin and keep working on this project as you were only getting started... i'll be doing my part by testing on a live account and i'll keep you posted... let's all work together on this.. i have never seen any EA like yours before that just profits consistently like that, there's unfinished business that needs to be resolved here
  • #100
  • Aug 5, 2020 9:05am Aug 5, 2020 9:05am
Quoting SchKithZo
With that being said i dont think this is all worth it..spending hours and weeks of work and then sharing and just being seen as a vilian..Those who have the system can use as they wish and build money management around it,those who dont want anything to do with it can also dump it in the recycle bin..Happy trading and good luck to everyone...My project here to share systems here for free has been discontinued lets all test this one and see how it turns out tho..thanks for all the constructive criticisms.
This is the worst thing about forex factory, and I've seen it happen on many threads. The author is successful and is making money, tries to help people for free, and then gets trolled so much they end up quitting forex factory. This is why I hardly participate here any more. Everything of value gets destroyed. In the past I've tried to convince the OP to stay and ignore, but now I can see it's just not worth it.

I'm really sorry SchKithZo. I agree you should leave, and stop casting your pearls of wisdom before swine. You don't need FF to be successful, and the stress of dealing with losers who can't make any money is just not worth it.
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