OverNight_Banker_v0 last week performance on GBPUSD currency pair with Risk = 1%.
Still looks promising.
.
Mac.
Still looks promising.
.Mac.
- #9,984
- Sep 24, 2023 6:04am Sep 24, 2023 6:04am
Hello Mac, Does this strategy or EA have any stop loss? i don't see any. I tried to read the first post many times, but i am missing the actual trading strategy behind this EA. Can you share, please? Also can you share what is the risk and ratio logic of this EA? Thank you for all your help.
Well, it may sound strange. If yes, I would say sorry. There is no particular strategy behind, there is no TP neither SL.
I believe all this things are market illusions, never happened in 100% cases.
It is equivalent of hidden TP/ST in SimpleH1_GBPUSD_EA or camvcvooV5 EA.
This algorithm need to be feed a certain amount of data, minimum 3 years or more(10years) , to be able to go though sort of "learning process".
If ready, it will unveil the real ability to act (trade). This "learning process" is never ending as market condition never stop changing. Therefore I can't share this info simply because I do not know.
One thing I can say about this algo, it shouldn't close your positions in negative price value (loses).
There can be a question... in what time? However, I can be wrong.
About Risk ratio, as we start whit lowest lots possible (0.01) and lowest reasonable Capital value (£500) it represents lowest reasonable Risk value = 1%.
Now, you can increase lots or Risk and adjust your Capital value accordingly.
Eventually, you need to wait till algo build up your Capital by profit.
.Mac.
- #9,985
- Sep 24, 2023 6:15am Sep 24, 2023 6:15am
Good evening everyone! Guys, I have a serious problem with the "OverNight_Banker_v0.ex4" experiment, that there is something very wrong with the programming of the magic number, because if I give it its own magic number, it will still fire all other trades (close all other trades!) that are running on the chart of the instrument (for example EURUSD). This should be fixed somehow. Anyway, expert performs well for me on live account. Please let me know if you managed to improve it. Thank you.
See my post#9941, 9965.
I believe it can help.
.Mac.
- #9,988
- Sep 28, 2023 3:17am Sep 28, 2023 3:17am
{quote} With such a quality of history and the number of errors, it is impossible to achieve a good result. This is a misleading indication of profitability.
You maybe right.
Please see my post#9935, 9936, 9937, 9938.
So don't use it!!!
.Mac.
- #9,990
- Sep 28, 2023 8:06am Sep 28, 2023 8:06am
{quote} With such a quality of history and the number of errors, it is impossible to achieve a good result. This is a misleading indication of profitability.
I just realise what this algo can achieve with greatest history data quality and no errors at all, which, to be honest has nothing to do with algorithm is self.
.Mac.
- #9,993
- Sep 29, 2023 2:43am Sep 29, 2023 2:43am
{quote} Hi MacMG, Does this work on M5 chart or does it have to be on H1 chart？ Rgds, RisingSun
I'm glad you trying this EA.
Any timeframe higher then M1.
In case of any problem, please post full screenshoot with journal, otherwise I wouldn't be able to help.
.Mac.
- #9,994
- Sep 29, 2023 2:47am Sep 29, 2023 2:47am
I put this EA on 5min GBPUSD chart, and after waiting for multiple days, there was no opening order, so I finally gave up. Thanks for sharing anyway.
So, again see my post#9969, please.
.Mac.
- #9,995
- Sep 30, 2023 11:47am Sep 30, 2023 11:47am
{quote} With such a quality of history and the number of errors, it is impossible to achieve a good result. This is a misleading indication of profitability.
Last three orders closed by end of test period. I believe they will be closed by EA perhaps next week.
Mac
- #9,996
- Sep 30, 2023 11:49am Sep 30, 2023 11:49am
{quote} With such a quality of history and the number of errors, it is impossible to achieve a good result. This is a misleading indication of profitability.
Hope you enjoy it.
.Mac.
- #9,998
- Oct 3, 2023 2:29pm Oct 3, 2023 2:29pm
The drawdown is large, but there are no parameters for optimization.
In term of "DrawDown", are you referring to my last presented STM (post#9996), of £36.37- (6,57% of acount value = £613.23-)?
If yes, well, I've seen much higher DrawDown value, say up to 40% invested capital. Money must work!!!
There is no parameters to optimize except Risk =1% in relation to Capital = £500 to avoid margin call.
You can go with Risk = 5% or higher if you wish with no Capital increase. Good luck
..Mac.
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