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Trading Initial Balances and EA

  • #21
  • Nov 8, 2023 3:04am Nov 8, 2023 3:04am
any recent results fortyfive20?

thanks, blam
  • #22
  • Nov 8, 2023 7:43am Nov 8, 2023 7:43am
Quoting blamshakk
any recent results fortyfive20? thanks, blam
Hey Blam, I'm trying not to trade on days with high impact news. You know beginning of the month is full of them, but I will try and continue to post screenshots when I can.

Below is a current open position on S&P500 futures. Price bike above IB yesterday, chopped around all day. One position is a manual position and the other is opened by the EA.
Attached Image (click to enlarge)
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  • #23
  • Edited 8:18am Nov 9, 2023 8:00am | Edited 8:18am
There's some real potential, for other pairs also, would like to see fixed stoploss option some pairs you dont need full stoploss calculated, adds to your RR. also if possible adding % to lot size as an option would help RR . I see that spx usually goes 100% of IB, but sometimes stoploss is 10pips sometimes 20p then ive seen a loss at 35p, so with fixed a big SL can wipe multiple trades but with % loss or win is same RR hope this makes sense. Just some suggestions. def trying the system out THx for sharing
  • #24
  • Nov 9, 2023 3:25pm Nov 9, 2023 3:25pm
Quoting yama49
There's some real potential, for other pairs also, would like to see fixed stoploss option some pairs you dont need full stoploss calculated, adds to your RR. also if possible adding % to lot size as an option would help RR . I see that spx usually goes 100% of IB, but sometimes stoploss is 10pips sometimes 20p then ive seen a loss at 35p, so with fixed a big SL can wipe multiple trades but with % loss or win is same RR hope this makes sense. Just some suggestions. def trying the system out THx for sharing
Yama49, thanks for downloading the EA and taking the time to back test it. I appreciate all and any feedback. So, let me address your message:

1. Fixed stop loss: okay, would it be a RR % stop loss or a pip amount?
2. % Lot Size instead of fixed lot size: I've thought about this before, but since I feel the EA does better in Index Futures, I set it as fixed lot size.
3. You're right about setting the SL as fixed can sometimes wipe out profits.
4. You can deactivate the trailing stop loss by setting those settings to 0.

I'll find a way to be able to offer the option of selecting different ways of calculating stop loss and lot size.
  • #25
  • Nov 9, 2023 3:32pm Nov 9, 2023 3:32pm
Today's S&P500 futures trade. Price broke out below IB, I think it may have trapped sellers because it almost reached IB high and if you look at the daily chart, price broke by a few pips previous highs. I exited early before Powell's speech just to avoid volatility but there was potential for more profits.

Attached Image (click to enlarge)
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  • #26
  • Nov 9, 2023 5:50pm Nov 9, 2023 5:50pm
Quoting fortyfive20
{quote} Yama49, thanks for downloading the EA and taking the time to back test it. I appreciate all and any feedback. So, let me address your message: 1. Fixed stop loss: okay, would it be a RR % stop loss or a pip amount? 2. % Lot Size instead of fixed lot size: I've thought about this before, but since I feel the EA does better in Index Futures, I set it as fixed lot size. 3. You're right about setting the SL as fixed can sometimes wipe out profits. 4. You can deactivate the trailing stop loss by setting those settings to 0. I'll...

4520

Thx for the reply
1. I would pip amount then anyone can figure out there risk to reward pretty easily.
2. i would offer both if you can

I backtested us30 for 3 months manually sometimes 250 pip sl crazy
but my results were
no trading Monday or Friday
70 pip SL
85 pip tp
yields 80% win ratio

i would like to set tp higher then have TSL hit at 85 with very tight trail cause us 30 can run hard so i think u could pick xtra pips that way just running TSL needs to b 80-100 and it wiped out profits to many times

Anways thx for the reply hopefully we can make this better, going to backtest gold manually next.
  • #27
  • Nov 10, 2023 11:48am Nov 10, 2023 11:48am
S&P500 Coming in strong today. EA took a short, stopped out and then took a long position that played out well. Done for the day.
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  • #28
  • Nov 13, 2023 3:14pm Nov 13, 2023 3:14pm
Today's S&P500 futures moves. Price broke above IB, and almost reached TP. But my trailing SL was triggered.
Attached Image (click to enlarge)
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  • #29
  • Nov 13, 2023 4:42pm Nov 13, 2023 4:42pm
Quoting fortyfive20
Today's S&P500 futures moves. Price broke above IB, and almost reached TP. But my trailing SL was triggered. {image}
Nice one fortyfive. Can I ask if the upper green dashed line was the TP?

Also, would it be possible for you to share the template

thanks, blam
  • #30
  • Nov 13, 2023 5:40pm Nov 13, 2023 5:40pm
Quoting blamshakk
{quote} Nice one fortyfive. Can I ask if the upper green dashed line was the TP? Also, would it be possible for you to share the template thanks, blam
Thanks Blamshakk for following and participating in the thread man! So the TP is that little blue dash that's right below the 4430 price level. It's hard to see but I don't know how to change that with MT4 EAs. Also I think it might be just the way it looks on MT4 for Mac.

Regarding the template, check out this post:
https://www.forexfactory.com/thread/...6#post14622446
  • #31
  • Nov 13, 2023 6:19pm Nov 13, 2023 6:19pm
Quoting fortyfive20
{quote} Thanks Blamshakk for following and participating in the thread man! So the TP is that little blue dash that's right below the 4430 price level. It's hard to see but I don't know how to change that with MT4 EAs. Also I think it might be just the way it looks on MT4 for Mac. Regarding the template, check out this post: https://www.forexfactory.com/thread/...6#post14622446
great thanks fortyfive!

blam
  • #32
  • Edited 2:13pm Nov 14, 2023 7:35am | Edited 2:13pm
hey fortyfive

You mentioned that you don't trade on days with high impact news. Would it be possible to implement a news filter on the EA, maybe using forex factory's own news feed, to avoid the EA trading on days with really high impact news events eg NFP

Second question, I noticed in the screenshots that it's placed on an M1 timeframe, does timeframe matter for this EA or is it chart timeframe independent

Third question, the intial balance period starts 9.30am EST although NY starts at 8am EST. Just checking that was all correct? I'm sure it is, would be nice to know that it's a rule and that we don't need to know all the whys and wherefores


thanks,

blam
  • #33
  • Nov 15, 2023 7:45am Nov 15, 2023 7:45am
Quoting blamshakk
hey fortyfive You mentioned that you don't trade on days with high impact news. Would it be possible to implement a news filter on the EA, maybe using forex factory's own news feed, to avoid the EA trading on days with really high impact news events eg NFP Second question, I noticed in the screenshots that it's placed on an M1 timeframe, does timeframe matter for this EA or is it chart timeframe independent Third question, the intial balance period starts 9.30am EST although NY starts at 8am EST. Just checking that was all correct? I'm sure it is,...
Hey man, so the news filter, I have thought about it but my building skills aren't that advanced yet. I have changes I want to make to the EA, both personal and from previous suggestions in this thread, but with work and other personal projects I will probably get to them over Thanksgiving and Christmas time so that 2024 I can take this project live.

Remember that the initial balance is the first hour of trading. That can vary from market to market and time zone to time zone. I'm using this EA on S&P500 futures, which rely on the NY trading session. That session starts at 9:30am EST. So I set initial balances for 9:30am EST to 10:30am EST. Now, FX market does open a little earlier. The U.S. forex trading hours start at 8:00am EST.

You can use this website to compare times:
https://www.babypips.com/tools/forex-market-hours
  • #34
  • Nov 15, 2023 8:24am Nov 15, 2023 8:24am
Quoting fortyfive20
{quote} Hey man, so the news filter, I have thought about it but my building skills aren't that advanced yet. I have changes I want to make to the EA, both personal and from previous suggestions in this thread, but with work and other personal projects I will probably get to them over Thanksgiving and Christmas time so that 2024 I can take this project live. Remember that the initial balance is the first hour of trading. That can vary from market to market and time zone to time zone. I'm using this EA on S&P500 futures, which rely on the NY trading...
hey man

sounds like you've got some nice improvements on the horizon for this system. Thanks for the information about the market hours, (SP500 is different opening time from US forex) that makes sense now - I wasn't aware of the distinction before, mostly because I'm more used to forex

The other question was about the chart timeframes - I noticed from your screenshots that it looks like you're using an m1 chart is that right? Can you speak at all about what timeframes if any we should be using for the EA, or if the EA is timeframe independent?

PS also please check your pm

thanks, blam
  • #35
  • Nov 15, 2023 9:10am Nov 15, 2023 9:10am
Quoting blamshakk
{quote} hey man sounds like you've got some nice improvements on the horizon for this system. Thanks for the information about the market hours, (SP500 is different opening time from US forex) that makes sense now - I wasn't aware of the distinction before, mostly because I'm more used to forex The other question was about the chart timeframes - I noticed from your screenshots that it looks like you're using an m1 chart is that right? Can you speak at all about what timeframes if any we should be using for the EA, or if the EA is timeframe independent?...
Blamshakk, yeah I use M1 timeframe but just because it's futures, so I just basically look at the chart from 9:30am EST to 4:00pm EST, and I like seeing any sudden moves. I've backtested the EA up to the 30min chart but in theory, yeah the EA is timeframe independent.
  • #36
  • Nov 15, 2023 9:27am Nov 15, 2023 9:27am
Quoting fortyfive20
{quote} Blamshakk, yeah I use M1 timeframe but just because it's futures, so I just basically look at the chart from 9:30am EST to 4:00pm EST, and I like seeing any sudden moves. I've backtested the EA up to the 30min chart but in theory, yeah the EA is timeframe independent.
So if I'm reading you correctly, you use m1 purely as a visual aid. When you backtested the EA over different timeframes, there was no difference in results, hence the EA is timeframe independent, is that correct

blam
  • #37
  • Nov 16, 2023 12:07pm Nov 16, 2023 12:07pm
Very interesting
Perfection does not exist, EVERYTHING can be improved
  • #38
  • Nov 30, 2023 11:42am Nov 30, 2023 11:42am
Can I get mql4 code?
  • #39
  • Nov 30, 2023 6:47pm Nov 30, 2023 6:47pm
Quoting cabscesar
Can I get mql4 code?
Why?
  • #40
  • Nov 30, 2023 8:08pm Nov 30, 2023 8:08pm
Quoting fortyfive20
{quote} Why?
I'm interested in incorporating a feature into the code that would automatically close orders each day and back testing or if possible, I would greatly appreciate it if you could add this enhancement.
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