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bringin sexy back - stochastics

  • #941
  • May 10, 2007 9:57am May 10, 2007 9:57am
  •  aghast
  • | Joined Jun 2006 | Status: Fixed Income & Currencies Trader | 58 Posts
Quoting G-Man
I don't think that a 98% win rate can be sniffed at.
That's because there is no SL. So the pair eventually gets back to the level and closes in profit.
Fortune always favors the brave.
  • #942
  • May 10, 2007 11:01am May 10, 2007 11:01am
Quoting aghast
That's because there is no SL. So the pair eventually gets back to the level and closes in profit.
That could be the case, but it is quite possible that an entry is at a long term peak or trough meaning the TP is not hit. We would also need to examine the exits then as there were 4 trades that did exit for a loss.

Without the code to analyse it is difficult to determine exactly when the exit criteria is. We could always add in a SL and see how performance is effected and what the intra-trade drawdown is.

G-Man
  • #943
  • May 10, 2007 11:52am May 10, 2007 11:52am
well well well
seems like this thread has been kept alive thanks to you guys
started trading live took about 20 pips in the last 30 min on gbpusd
  • #944
  • May 10, 2007 12:11pm May 10, 2007 12:11pm
Hi there boxing.

Nice job on cable. Been some bigger moves today after a lackluster start.

The problem I have mainly with this is looking at different timeframes. I mainly follow the hourly charts with this method using the 4hr for some guidance.

Miss many entries but the ones I get are usually sound. Would be fantastic if an EA could be developed that offers what has been backtested.

Here's hoping.

G-Man
  • #945
  • May 10, 2007 12:40pm May 10, 2007 12:40pm
Has anyone else tried the EA using MT4 from Interbank FX?

I tried it at work and it refuses to load. I tried reinstalling MT4 (that's worked other times), but still to no avail. I even tried installing on my home computer and it wouldn't load there either. The only thing in common between the two computers is the fact that they are both running MT4 from Interbank FX.
I came, I saw, I conquered [your pips]. -- Julius Caesar
  • #946
  • May 10, 2007 1:43pm May 10, 2007 1:43pm
Quoting melpheos
After some work it was just a small bug... It's ok now

Backtesting running and forward also... Here is one result

It seems that when low period and long period stoch have the same value, the EA will not send any order (this is what i see from backtest and forward test )

Also the order is send as soon as a cross of the 5 occurs even if it is not existing at the end of the candle.

The results are very tempting with only 4 loosing trade in 204 (and whats more when you look at the data, the failed order are only because of the implementation of the 5th decimal in MT4 standard release )
I was just having a closer look at your statement and I don't know how valid it is as there may be errors.

The reason I say this is I was looking closer at the losing trades. In sequence:

1: Opened 2/7/04 Closed 24/8/04 Open for 53 days
2: Opened 21/9/04 Closed 17/1/05 Open for 118 days
3: Opened 16/2/05 Closed 28/4/05 Open for 71 days

Not sure what this means exactly but it does suggest some inaccuracy.

Lets see what the forward testing delivers.

The Force
  • #947
  • May 10, 2007 1:55pm May 10, 2007 1:55pm
Quoting Quick
Has anyone else tried the EA using MT4 from Interbank FX?

I tried it at work and it refuses to load. I tried reinstalling MT4 (that's worked other times), but still to no avail. I even tried installing on my home computer and it wouldn't load there either. The only thing in common between the two computers is the fact that they are both running MT4 from Interbank FX.
the problem i think is the fact the ea posted is just the ex4 file or whatever. interbankfx requires the ea with the source for it to function

so i cant put any pressure on the programmers because it is their work but if they are ok with posting the ea with the source then well thats a plus.
  • #948
  • May 10, 2007 2:39pm May 10, 2007 2:39pm
Quoting G-Man
I was just having a closer look at your statement and I don't know how valid it is as there may be errors.

The reason I say this is I was looking closer at the losing trades. In sequence:

1: Opened 2/7/04 Closed 24/8/04 Open for 53 days
2: Opened 21/9/04 Closed 17/1/05 Open for 118 days
3: Opened 16/2/05 Closed 28/4/05 Open for 71 days

Not sure what this means exactly but it does suggest some inaccuracy.

Lets see what the forward testing delivers.

The Force
The reason why the position take so much time to close sometime its because the EA took a bad trade and wait for the price came back.Usualy the market price will come back maybe in a hour but sometime it took years to came back. Using a EA without SL its not a thing to do.

Best Regards,
EricFX
  • #949
  • May 10, 2007 2:52pm May 10, 2007 2:52pm
Quoting boxingislife
the problem i think is the fact the ea posted is just the ex4 file or whatever. interbankfx requires the ea with the source for it to function

so i cant put any pressure on the programmers because it is their work but if they are ok with posting the ea with the source then well thats a plus.

I have run quite a few EAs w/o source on IBFX , that is most certainly not the problem. The same is true for indicators as well. A goodly portion of the EAs posted on these forums are posted in this way, to prevent people from selling them on ebay as their own.
  • #950
  • May 10, 2007 3:04pm May 10, 2007 3:04pm
Quoting EricFX
The reason why the position take so much time to close sometime its because the EA took a bad trade and wait for the price came back.Usualy the market price will come back maybe in a hour but sometime it took years to came back. Using a EA without SL its not a thing to do.

Best Regards,
EricFX
I see your point Eric but then why did the orders get closed for a loss?

I agree though that the EA needs a SL.

G-Man
  • #951
  • May 10, 2007 5:59pm May 10, 2007 5:59pm
Quoting G-Man
I see your point Eric but then why did the orders get closed for a loss?

I agree though that the EA needs a SL.

G-Man

Hi G-Man,

I realy dont know why it get closed for a loss.its maybe the EA who closed the trade or maybe a internal security in the MT4 platform who close trade if it dont have enought data (missing day).

Personaly when i tested the EA i saw 1 trade who was still open with a drawdown of 21k, because the price didnt get back to the TP.

Best Regards,
Eric
  • #952
  • May 10, 2007 6:35pm May 10, 2007 6:35pm
Quoting boxingislife
the problem i think is the fact the ea posted is just the ex4 file or whatever. interbankfx requires the ea with the source for it to function

so i cant put any pressure on the programmers because it is their work but if they are ok with posting the ea with the source then well thats a plus.
You would be right. The platform does require the source code.
  • #953
  • May 10, 2007 6:42pm May 10, 2007 6:42pm
I'll admit, I'm new to Forex. I've some live success in News trading but I want to get into Trend trading. Everything I've read on various systems has left me w/ a headache. So, is there a link somewhere that can tell me how to read the indicators in .tpl that boxing posted. Namely, what are the triggers to get in and out?

Something simple that a blonde can understand. :

I am a coder and a math weenie. So if I got to understanding 'how' this works, I could help out on some EA's or something.
  • #954
  • Edited 9:12pm May 10, 2007 6:47pm | Edited 9:12pm
Hi guys,
i would like to share a thing with you all because i think that will help you all to archive more profit with your current system.I work at a bank right now as trader and the first thing i learned at my day 1 is: Its IMPOSSIBLE to blow a account with a bad trading system, but its easy to blow up a entire account with a good trading system.

Ill explain here : When you get a trigger with any system you are using right now, you expect the price to move in one direction, North or South. The first thing you need to determine is, how many pips this trigger can possibly make, for exemple ill say 50 pips in North direction. ok now we have the first information to analise what we will do. The second thing is to find a corfirmation to be sure our trigger was a good one and not a wispaw. For that you need to think how many pips you will let in the market for your safety trigger. in this exemple ill say 15 pip.

Now we have all our information needed to take a trade,ill place a pending order 15 pip upper than the current price(Pending order), if my trigger is hit , good , if not well , was a wispaw.Dont wait 2 hour before removing your pending order if it didnt get reach.MOnitor permanently your position , you dont know if you will archive your 35 pip (50 - 15).Always trade with 2 lot. half way close 50% of your position and put BreakEven + 1 for your last 50%, its your runner, maybe you was wrong and the price will retrace and hit your BE+1 ,no big deal, im at leat + 1 pips up on this one but maybe the trend will continue like hell and ill make 200 pips, nobody know and even bank.
Using that, if you get a crappy day with a bunch of wispaw, you will maybe loose some pips but 80% will be avoided.The only and the most important thing is you need to understand your current trading system to know how it react with the market. if usualy each trigger can make 30 pip, use about 1/4 for your safety so in this exemple 7-8 pips, but its up to you , each trading system use different parameter so find yours.
Market order is used to trade News, USA are good, Sell eur/usd , USA are bad, Buy eur/usd. Pending order are for safe trade when you dont know exactly where the market go.

The last thing is "Why the market move in this direction and not in this way", Often you will see the market going crazy and its not cuz people are trading to make money.If a bank need 400million Euro cuz a custumer request that, the bank will buy 400million euro and sell X USD, that will move the market for no reason. Alot of people use Visa, and you can Buy about anything in different currency using you Visa card , Visa need to convert some big amount of money too , and trow the order to bank who will buy/sell.Its why you can get alot of wispaw as a Technical trader. So you need a safety,and your safety trigger is by not buying the current market price.

I hope that information can help some of you
Best Regards,
EricFX
P.S Sorry for my bad english
  • #955
  • May 10, 2007 7:46pm May 10, 2007 7:46pm
Quoting nondisclosure00
I'll admit, I'm new to Forex. I've some live success in News trading but I want to get into Trend trading. Everything I've read on various systems has left me w/ a headache. So, is there a link somewhere that can tell me how to read the indicators in .tpl that boxing posted. Namely, what are the triggers to get in and out?

Something simple that a blonde can understand. :

I am a coder and a math weenie. So if I got to understanding 'how' this works, I could help out on some EA's or something.

I just remembered the other question. How do you back test?
  • #956
  • May 11, 2007 1:28am May 11, 2007 1:28am
Quoting nondisclosure00
I'll admit, I'm new to Forex. I've some live success in News trading but I want to get into Trend trading. Everything I've read on various systems has left me w/ a headache. So, is there a link somewhere that can tell me how to read the indicators in .tpl that boxing posted. Namely, what are the triggers to get in and out?

Something simple that a blonde can understand. :

I am a coder and a math weenie. So if I got to understanding 'how' this works, I could help out on some EA's or something.
check the last few pages ull find a user by the name of melpheos. hes got a guide at the end of every post so read up and enjoy

trust me this thread has been strictly trading this system and with a tiny tiny amount of changes so i suggest u stick to the rules i posted on the first page and read it so at least u can see the examples i posted



ericfx

thanks for the great info. its nice to learn from a bank trader
  • #957
  • May 11, 2007 1:55am May 11, 2007 1:55am
Hi all,

New to this thread, but have been trading with Boxing for many months.

I am having the same problems with the EA, I can't run an EX4 file with my broker.

Here is an excellent thread on backtesting, which highlights some of the pitfalls, and the correct way to go about it and how to optimise settings without "over-optimising" by applying the 75/25 rule. http://www.strategybuilderfx.com/sho...ight=illusions

Basically this is how it works..... optimising a reasonable system will give amazing results...by definition we are optimising the best possible results based on the past data. That is not necessarily a great indicator of future results.

The 75/25 rule means that if you take 2 years historical 1 min data and use the first 18 months for optimising, then the following 6 months to validate the optimised results, to see what validity there was. Following this, a further live demo forward test should be run for a few weeks to ensure it works, then it can be run on a live account.

The backtesting without a stop doesnt demonstrate anything, as noticed by many of you. By following the above methodology to ascertain the appropriate stop and tp for each timeframe and pair will greatly assist.

Here is another strategy using Heiken Ashi methods, including using it for an exit strategy. http://www.compassfx.com/comp/Dean_M...ing_Method.pdf
His exit for a long (page 57 of this document) is based on:
1. The positive bar is much shorter than the previous bar, or
2. Changes to a negative bar at close.

I'd be very interested to get any feedback on using this as the exit point.

I hope this helps.
Matt
  • #958
  • May 11, 2007 2:01am May 11, 2007 2:01am
  •  aghast
  • | Joined Jun 2006 | Status: Fixed Income & Currencies Trader | 58 Posts
Quoting dedhed
I have run quite a few EAs w/o source on IBFX , that is most certainly not the problem. The same is true for indicators as well. A goodly portion of the EAs posted on these forums are posted in this way, to prevent people from selling them on ebay as their own.
Yep. If you need an MQ4 file just copy and rename whatever you want to the EA + MQ4 extension and you'll have it there. If it just requires it. I have to finish some stuff now but later in the day i'll post again. See you.
Fortune always favors the brave.
  • #959
  • May 11, 2007 2:27am May 11, 2007 2:27am
Quoting aghast
Yep. If you need an MQ4 file just copy and rename whatever you want to the EA + MQ4 extension and you'll have it there. If it just requires it. I have to finish some stuff now but later in the day i'll post again. See you.
Definitely missing a SL

Here is a forward statement, started on 2007/05/07 M15 on several pair

Many winning trade but two trade are going in the "oh no, i'm going to loose all my money" because of lack of SL...

Seems very good

Edit : up 61% since the 09/04/2007 on my test account using manual trading
Attached File(s)
File Type: zip DetailedStatement.zip   11 KB | 518 downloads
  • #960
  • May 11, 2007 2:45am May 11, 2007 2:45am
Thanks aghast,

I tried as you suggested and saved it as a .mq4 file. It allowed me to do it, but the file size is only 1kb, and it only shows as "EX4" in the coding when you open it. Both versions show in grey in the Expert Advisor section and cannot be run.

Best regards,
Matt
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