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Forward testing results of my ea modified from Blessing 3.9.6 18 replies

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Forward testing EA- results in 2 weeks

Quoting yohan_ip
Now that's what i called analysis, a good analysis before you go through a live account, something that all of you shold knows about..
out of 1000+ transactions and it generates 3000pips, yes it's true, a live account would not this smooth

Terranin, we would be much appreciated if you would like to forward test or backtest the EA please?
it's not that 1000+ transaction made the 3000pips, if you do run trades today using the EA, it would be arround +20 transactions for 600pips profit..

i really don't understand, why does brokers want to stop the profit?doesn't it true that all of forex trader, do trade using BROKER? if the broker tried to stop the profit, it will loss it's customer, and the profit will stop..
does the statement:
we will not take commisions, we profits from the trade spread means anything? just taking from the spread, and the broker had arround 100 customer who made arround 10 transactions would lead to
100person*10 transaction*2pips spread = 2000pips/ day

wouldn't it describe what brokerage goes?

a lot of changes have been made to the EA, but not the system..only the inputs of TP, SL, Trailing, ProtectProfit, TimeToStartTrade, and Lot. The EA have been using the consistent method for the last 3 weeks, you should allways be able to see the EA version at the top corner at the summary now..

The EA is for FREE..non price will be applied to the EA.
Thx Yohan ,
I attached on GBP/USD EA and I will post result later,

Happy pips
but still something confused?
today is Friday ,EA could close all order by itself before tradetime end? but really did for me. Close all open order with 2.7% gain.
I set parameter starttradetime =12 ,what is it mean?
And If I set Protect profit= xxx value . what it mean . If all opening order have this value pips profit , EA will close them all?
Quoting yohan_ip
Now that's what i called analysis, a good analysis before you go through a live account, something that all of you shold knows about..
out of 1000+ transactions and it generates 3000pips, yes it's true, a live account would not this smooth

Terranin, we would be much appreciated if you would like to forward test or backtest the EA please?
it's not that 1000+ transaction made the 3000pips, if you do run trades today using the EA, it would be arround +20 transactions for 600pips profit..
I have my own software that can backtest strategies on multiple currencies both in manual and automatic mode. But I need alghorithm of strategy to reprogram it for my soft or you can reprogram your strategy if you want by yourself. I do not trust MT backtest results.

About 1000+ transactions and 3000 pips I just analized our statement and it has these parameters. Today it could make 20/600 but tomorrow it lose some profit and results on long period will be still 3pip/transaction.

Quoting yohan_ip
i really don't understand, why does brokers want to stop the profit?doesn't it true that all of forex trader, do trade using BROKER? if the broker tried to stop the profit, it will loss it's customer, and the profit will stop..
does the statement:
we will not take commisions, we profits from the trade spread means anything? just taking from the spread, and the broker had arround 100 customer who made arround 10 transactions would lead to
100person*10 transaction*2pips spread = 2000pips/ day

wouldn't it describe what brokerage goes?
It depends on broker. Broker do not put your money on the market like 0.1 lot or even 1 lot. Because minimum lot that he can put there costs millions. And in many cases broker gives you much better conditions of order executions than on real market. He can put summary position of many traders there to protect himself, sooo, when you make many of the small winning trades you do not beat the market - you beat the broker. And broker does not like such situation. He can say: ok, if so I will give you the same conditions like on the market - sloooooow order executions and bigger spread, or he could say: no EA possible for you (I know the person for whom broker disabled EA execution).

That's why if you have at least 20pips/trade - you can handle this situation, otherwise with ~3pips/trade you can't.

Quoting yohan_ip
a lot of changes have been made to the EA, but not the system..only the inputs of TP, SL, Trailing, ProtectProfit, TimeToStartTrade, and Lot. The EA have been using the consistent method for the last 3 weeks, you should allways be able to see the EA version at the top corner at the summary now..

The EA is for FREE..non price will be applied to the EA.
Forex Tester Software
Hi, i try the EA on IBFX..., various pairs... I'have lost 900$ today (demo mode!)

seems that it close almost all position in SL... and negative profit.

Can i set a lower TP? like 5-10 pips?

Mauro
I try to backtest GBP/JPY on 5M TF
but after a while it shows no trade is allowed

is there something wrong with the EA ??
Every moment in the market is unique
Quoting Terranin
I have my own software that can backtest strategies on multiple currencies both in manual and automatic mode. But I need alghorithm of strategy to reprogram it for my soft or you can reprogram your strategy if you want by yourself. I do not trust MT backtest results.

About 1000+ transactions and 3000 pips I just analized our statement and it has these parameters. Today it could make 20/600 but tomorrow it lose some profit and results on long period will be still 3pip/transaction.



It depends on broker. Broker do not put your money on the market like 0.1 lot or even 1 lot. Because minimum lot that he can put there costs millions. And in many cases broker gives you much better conditions of order executions than on real market. He can put summary position of many traders there to protect himself, sooo, when you make many of the small winning trades you do not beat the market - you beat the broker. And broker does not like such situation. He can say: ok, if so I will give you the same conditions like on the market - sloooooow order executions and bigger spread, or he could say: no EA possible for you (I know the person for whom broker disabled EA execution).

That's why if you have at least 20pips/trade - you can handle this situation, otherwise with ~3pips/trade you can't.
The 3pips/trade you are talking about is an average. This EA seems to be designed to make lots of trades to take advantage of the rebates. The wins are all over 20 pips. This is not scalping. Any system that can win 50% of the time will be profitable as long as the takeprofit is more than the SL and with this EA it is - especially with the rebates. Still looking to see if it wins 50% over the long term.
here is my current results:
Cumulative results as of 24 August 2007

Total Trades : 1396 Trades
Profit : 4778 pips

you could allways confirm this to the demo account provided

considering the rebates:
4778 pips + 0.5 pips*1396 trades = 5476 pips

If 1 pips equals $0.8 then the System has generated
$4,380

Have a great weekends everybody i'm very happy with the EA results..will keep on posting them until i find, a good way to apply the EA

So far..the EA proves to be successfull..
Cheers
-1128 Pips since 6 August 2007
Quoting Elovv
Hi

3 days with LiteForex demo. Profit 1564 pips, 178 trades. Tradestart 08-09 London time. Protect Profit 550. One trade/day.

Can I use the latest EA for real account?

Can I set time in minutes, for ex 10.30?

I havent decide what to do if my first trade is a loss, try more or wait till next day. Comments?

Have a nice day!
Elovv
Hai there Ellov,
welcome to the thread..
so good to see you here, FF is the most greatest forum for Forex you could find,
i've answered your email,
please don't hesitate if i could do anything to help

Quoting khalil2007
Thx Yohan ,
I attached on GBP/USD EA and I will post result later,

Happy pips
Another good way to apply the EA
yes, backtests result gives a good sign for trading only one currency pairs,
but i prefer to use a lot of diversifications..
Thank you for trying.

Quoting muyuan11
but still something confused?
today is Friday ,EA could close all order by itself before tradetime end? but really did for me. Close all open order with 2.7% gain.
I set parameter starttradetime =12 ,what is it mean?
And If I set Protect profit= xxx value . what it mean . If all opening order have this value pips profit , EA will close them all?
TimeToStart Trade is a parameter where you could command the EA the time to start trading..
i've attached the Time command because a lot of people asking for it,
the EA probably gives a good results at a specific time, and as for a broker with GMT+3 i prefer to set
the TimeToStartTrade as 13, because it's when the European Markets open..
The ProtectProfit variable is used when you would like to limits your pool, thats mean if your running trades has a
summation profits of 'xxx' it then will close all open positions..giving you the 'xxx' pips

Quoting maurodx
Hi, i try the EA on IBFX..., various pairs... I'have lost 900$ today (demo mode!)

seems that it close almost all position in SL... and negative profit.

Can i set a lower TP? like 5-10 pips?

Mauro
Hmm.. i have not try them on ibfx before..if you don't mind please send me the account login , investor password,
and the server (the ip address please..)

Yes, you could allways do that TP modifying, but i do not recomend them..
your SL bigger than TP would ruin your entire account balance, even with a good signal
Other way to do that, you should set the ProtectProfit variable on one of your most volatile pairs,
as soon as the pool has the pips, the EA will close the running trades.

Quoting andimozza
I try to backtest GBP/JPY on 5M TF
but after a while it shows no trade is allowed

is there something wrong with the EA ??
No, the EA shows the message means that the pool has reached it ProtectProfit variable..if you do run a backtests,
i recommend you to set the ProtectPRofit variable with "0", the ProtectProfit variable,
works great on a lot of pairs (diversifications..)

Quoting Terranin
I have my own software that can backtest strategies on multiple currencies both in manual and automatic mode. But I need alghorithm of strategy to reprogram it for my soft or you can reprogram your strategy if you want by yourself. I do not trust MT backtest results.

About 1000+ transactions and 3000 pips I just analized our statement and it has these parameters. Today it could make 20/600 but tomorrow it lose some profit and results on long period will be still 3pip/transaction.
You got a very good Forex Tester software there Terranin,
thank you for opening eyes to those who would love to trade on a live account using the EA,
yes indeed they will face the risks, real money is allways 'hot' don't you think?
btw..yes..if you do the averaging, then the trades would be 3 pips profit per trade, but if i'm doing the averaging..
then my system would be a perfect 100% 3 pips generator
No, please, the system might be generating a tremendous ammount of trades, but it's not taking 3pips profit,
today i've got 600 pips on 20 trades, tommorow i've got losses with 30 trades, then if i do the averaging,
i've come up with 3 pips/trades..it just doesn't work as such, for me..a constant winning on Forex is impossible,
that's why the EA should have drawdowns..it's the balance of yin..and yang

Quoting Terranin
It depends on broker. Broker do not put your money on the market like 0.1 lot or even 1 lot. Because minimum lot that he can put there costs millions. And in many cases broker gives you much better conditions of order executions than on real market. He can put summary position of many traders there to protect himself, sooo, when you make many of the small winning trades you do not beat the market - you beat the broker. And broker does not like such situation. He can say: ok, if so I will give you the same conditions like on the market - sloooooow order executions and bigger spread, or he could say: no EA possible for you (I know the person for whom broker disabled EA execution).

That's why if you have at least 20pips/trade - you can handle this situation, otherwise with ~3pips/trade you can't.
hmm.. there is a broker who disallow someone to trade using EA?..
A broker goes opositing the clients, here is my though,
aren't brokers has 100 or more customers?
they are putting diffrent trades each and every day..each and every price moves.
is it possible that the brooker would not allow some-one to trade?specially when they are trading using a good quality of public software such as MetaTrader?
there is a lot of thing i should knows..

hmm that's something i need to know..please tell us here..
anyway, Thanks Terranin, your posts is allways gives a new knowledge for me and maybe all of us,
please..never be tired to tech us and open our eyes with the possibilities..


Thank you to all of you who have a great interest on the topics, i'll see you all later.
Good Weekends everybody

Regards
Yohan - Cubei
-1128 Pips since 6 August 2007
Quoting yohan_ip
hmm.. there is a broker who disallow someone to trade using EA?..
A broker goes opositing the clients, here is my though,
aren't brokers has 100 or more customers?
they are putting diffrent trades each and every day..each and every price moves.
is it possible that the brooker would not allow some-one to trade?specially when they are trading using a good quality of public software such as MetaTrader?
there is a lot of thing i should knows..

hmm that's something i need to know..please tell us here..
anyway, Thanks Terranin, your posts is allways gives a new knowledge for me and maybe all of us,
please..never be tired to tech us and open our eyes with the possibilities..
I just had experience with MetaTrader on real accounts. Also I am software developer and I know how MetaTrader works with EAs. You want to open order - and got "requote", and many times. Then possible you will open it with worse price. Sometimes you can not open order at all or close it when you need it (though stop loss/take profit can handle this situation). The most robust system is when you operate with pending orders with sl/tp - then broker can not do anything with your system.

Now you are testing your system in ideal conditions.
Forex Tester Software
below is mention in setting mannual of v1.1

Does it mean max loss will be 50% of account? I can't afford it.

Quote
=>!!WARNING TO THE FAINT HEARTED!!
Please take a note here:
The EA is a very agresif EA, it will makes you profit, but should you
suffers a loss, maximum loss that may occur is 30% to 50%
(that is if you do the MM i recommend)
of your deposit :
example :
if you deposit $5,000 your maximum
loss before profit is about 50% * $5,000 = $5,000
if you deposit $10,000 your maximum
loss before profit is about 50% * $10,000 = $5,000
after the 30% to 50% loss,
from then you should expecting profit, and so..on
Quoting phoureks
can you please help in installing the EA on my system
after downloading what next? a step by step will be very
useful pls
1. compile
2. go to edit then select all
3. then copy
4. go to file and save as in experts file
.........close enire paltform.............
5. open up platform and open expert advisors. You should it as a highlighted icon, then you are ready to attach...good luck
Quoting muyuan11
below is mention in setting mannual of v1.1

Does it mean max loss will be 50% of account? I can't afford it.
LOL, yes it sure is going to give a shock at first, for the past three weeks the EA performance is great, there is allways risks on the market this EA is one of a millions way to trade the forex market, and yes, the EA is very agresif..
-1128 Pips since 6 August 2007
yohanis...

what broker is your demo account?

i see there is no trades open now...i login from Northfinance broker platform
{Link Removed}]
Sorry if this question sounds lame, but what are "rebates"?
thanks
Mike

Quoting yohan_ip
Cumulative results as of 17 August 2007 (since 02 August 2007)

Total Trades : 1244 Trades
Profit : 3501 pips

you could allways confirm this to the demo account provided

considering the rebates:
3501 pips + 0.5 pips*1244 trades = 4123 pips

Please use the ProtectProfit variable, i've been using it with a setup of 550pips
Quoting kenari05
yohanis...

what broker is your demo account?

i see there is no trades open now...i login from Northfinance broker platform
hi there
i'm very thankfull that you checked on the demo account, today i did not
have the time to turn on the EA - online, several thing needs to be done..
i'm using a demo from Master-Forex server, a server that is being used for
demo account for FXOpen

Quoting mexicomike
Sorry if this question sounds lame, but what are
"rebates"?
thanks
Mike
Hi there Mike,
thank you for asking..please for anyone, don't hesitate to ask any
questions..i'll try to answer as far as i know..

Forex Rebates are a commission from the broker to the trader, as you
may allready know, when yo do trades using broker, they don't charge you
any fee and or commisions, but they did spread on the Bid/Ask rate, for
example: arround 2 to 10 even 100 pips per pairs.

Forex Rebates are something that will be given to you (if there is any
broker that is willing to give those rebates) after you have done your trade
(open and close the trade), no matter the trades are profit or at any loss..

as you see here :
Quote
3501 pips + 0.5 pips*1244 trades = 4123 pips
i'm considering the broker are giving 0.5pips rebate per trade
i hope this will enlighten a bit.

Feel free to ask for anything..

For those of you who have tried the EA on their own demo
account, and would like to have an EA for the live account, please PM
me, i'll give it for FREE under several terms.

Thank you.
-1128 Pips since 6 August 2007
what is the trading strategy behind the ea?
can you share it so we can do manuel test?

thanks
don't i need mq4 file? in the zip file i see only ex4 file. when i loaded the ex4 file i have gray icon next to the EA in the navigator. i was able to load the EA on the chart and has smiley face but kind of wondering about the gray icon. thank you for your help in advance.
Does anyone knows the latest EA that works so perfectly and how to get it?
With Tiger All Pips Are PossiBle
  • Post #59
  • Quote
  • Edited 11:55am Aug 28, 2007 11:50am | Edited 11:55am
Hey Yohan, thanks for this thread and your remarkable EA. I really believe you should consider entering the Automated trading championship on MQL4 community. It starts October 1 and the prize is $80,000.00 USD!
Think about it my friend.
Mike

BTW I just booked 85 pips starting at 14:00 to now 18:45. Thanks again
Quoting Terranin
It is very believeble on demo account and very frustrating on real account... Just think a little bit, you have 3000 pips and ~1000 transactions. Sooo, you have about 3 pip/transaction. Now add delays and slippage on real account that will eat your extra pips on every trade... For such an aggressive strategy demo testing is NOTHING. If you made 3000 with ~100 transactions I would say "wow" because broker can't do anything to prevent your profit.

Terranin, you make a valid point and thank you for thinking of the potential weakness of the system.

You speak of the slippage that could occur while trading live, and we all agree. But being that the system is not 100% perfect wouldn't slippage occur on both winning and losing, therefore offsetting each other?

For example: In a demo situation, a profitable trade has the potential for 20 pips, but because of slippage you get in 3 pips late and only make 17 pips.


On the opposite end, a losing trade in the demo environment loses 20 pips. Slippage forces you to get in a little late which means that you only lose 17 pips on the live account.

Does this make any sense?
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