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MEVA machine that makes money

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  • #1
  • First Post: Edited 3:55pm Dec 20, 2006 3:14pm | Edited 3:55pm
Hi
Give me comments<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>
<o></o>
Attached File(s)
File Type: doc Meva.doc   77 KB | 1,118 downloads
OldSchool
  • #2
  • Dec 20, 2006 3:34pm Dec 20, 2006 3:34pm
Need more info.
  • #3
  • Dec 20, 2006 3:36pm Dec 20, 2006 3:36pm
What comments you want?
I just see the 1 page of strategy tester report (Maybe its my openoffice that cause me some trouble).

Anybody can build a EA thats ouput good result (They are many flaws in the strategy builder!
Its better to see it in action rater then a report...

Quoting Mtav
Hi
Give me comments<o></o>
<o></o>
Sorry for my bad english translation
  • #4
  • Dec 20, 2006 5:48pm Dec 20, 2006 5:48pm
It seems that the EA is designed for an M1 chart. The backtest on M1 charts in most cases is not valid. The "Modeling Quality" based on the image you've attached is only 23.56%. On the other hand the system is backtested for a period of two months only. In my opinion a relatively reliable backtest is the one that is run for a period of at least 2 years and with a modeling quality of 80% or more. Such modeling quality is not achievable for M1 time period.

I suggest to forward test this system for a couple of months on demo accounts to make sure it really works.

Good Luck,
Al
  • #5
  • Dec 21, 2006 3:49am Dec 21, 2006 3:49am
Quoting aparsai
It seems that the EA is designed for an M1 chart. The backtest on M1 charts in most cases is not valid. The "Modeling Quality" based on the image you've attached is only 23.56%. On the other hand the system is backtested for a period of two months only. In my opinion a relatively reliable backtest is the one that is run for a period of at least 2 years and with a modeling quality of 80% or more. Such modeling quality is not achievable for M1 time period.


I suggest to forward test this system for a couple of months on demo accounts to make sure it really works.

Good Luck,
Al
Hi

Many Thanks for your post! J

 

  1. i test and develop system for more than 1 year, only at night when have time, but finally is finish
  2. 1M is the best for me to define entry points, and exit points, take note on GBPUSD, in more then 2 months system made few trades, so i don’t use 1M, to buy and sell, trades are to maintain most days as possible.
  3. I have test all data that 2 brokers where i have demo accounts with MT4, can give, can you inform one broker where i can find historical data on 1M for example all 2006 year?, if so please inform.
  4. About modeling quality, its not important for me because i test it with visual mode, and it reflects exactly tick by tick, what happens in real market, but can you inform what it means and how is calculate?

Once again many thank for your post! Nice Christmas!

OldSchool
  • #6
  • Dec 21, 2006 7:41am Dec 21, 2006 7:41am
For 1M backtests, 25% is actually the highest possible because of the weird way MT4 calculates modelling quality.

andersenws
"Youth is the trustee of prosperity." - Benjamin Disraeli
  • #7
  • Dec 21, 2006 8:02am Dec 21, 2006 8:02am
Quoting andersenws
For 1M backtests, 25% is actually the highest possible because of the weird way MT4 calculates modelling quality.

andersenws
Hi

Thk for your post J

But what it means? How is calculated?
OldSchool
  • #8
  • Dec 21, 2006 8:08am Dec 21, 2006 8:08am
Quoting Mtav
Hi

Many Thanks for your post! J

  1. i test and develop system for more than 1 year, only at night when have time, but finally is finish
  2. 1M is the best for me to define entry points, and exit points, take note on GBPUSD, in more then 2 months system made few trades, so i don’t use 1M, to buy and sell, trades are to maintain most days as possible.
  3. I have test all data that 2 brokers where i have demo accounts with MT4, can give, can you inform one broker where i can find historical data on 1M for example all 2006 year?, if so please inform.
  4. About modeling quality, its not important for me because i test it with visual mode, and it reflects exactly tick by tick, what happens in real market, but can you inform what it means and how is calculate?

Once again many thank for your post! Nice Christmas!

Hi Mtav,

I have no problem with trading on M1 time frame. If you develop a reliable system that works for this time frame by all means go ahead and trade it. However, I need to explain a few things:

  1. When you backtest an EA and select "every tick" mode you do not actually get the results for tick price because MT4 does not keep the tick price movements. The shortest time frame that is kept in MT4 history is M1. Now if you are backtesting an EA that uses M1 time frame, MT4 cannot generate reliable backtest results because the movements inside M1 bars is not clear to it. That's why you get a very low modeling quality.
  2. The best way to make sure your M1 EA really works is to forward test it for several weeks on a demo account.
  3. In the latest build of MT4 there is a download button available on History Center dialog box that gives you the chance to download historical data for up to seven years.

I would like to insist that based on the current results no body can for sure tell you whether this system is a real money maker or not. You have to forward test it for a while to see it for yourself.

Good Luck,
Al

  • #9
  • Dec 21, 2006 8:37am Dec 21, 2006 8:37am
Quoting aparsai
Hi Mtav,

I have no problem with trading on M1 time frame. If you develop a reliable system that works for this time frame by all means go ahead and trade it. However, I need to explain a few things:

  1. When you backtest an EA and select "every tick" mode you do not actually get the results for tick price because MT4 does not keep the tick price movements. The shortest time frame that is kept in MT4 history is M1. Now if you are backtesting an EA that uses M1 time frame, MT4 cannot generate reliable backtest results because the movements inside M1 bars is not clear to it. That's why you get a very low modeling quality.
  2. The best way to make sure your M1 EA really works is to forward test it for several weeks on a demo account.
  3. In the latest build of MT4 there is a download button available on History Center dialog box that gives you the chance to download historical data for up to seven years.

I would like to insist that based on the current results no body can for sure tell you whether this system is a real money maker or not. You have to forward test it for a while to see it for yourself.

Good Luck,
Al

Hi again<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

1)I still not understand the quality modeling!!!!! L, but I still convicted for my EA it is not important, what counts is for example today it make 4 trades on GBPUSD with more that +100pips, one still open with +15pips. (in a real account, not demo).<o></o>

2) Data center is fine, I have download data!, many THK<o></o>

3) I will analyze your EA pip boxer, it seams very fine, I wish you have good trades with it!<o></o>
OldSchool
  • #10
  • Dec 21, 2006 8:44am Dec 21, 2006 8:44am
Ha, I think aparsai's doing fine with PipBoxer, you can worry about your own.

Please refer to this post on modelling quality

andersenws
"Youth is the trustee of prosperity." - Benjamin Disraeli
  • #11
  • Dec 21, 2006 8:51am Dec 21, 2006 8:51am
Quoting andersenws
Ha, I think aparsai's doing fine with PipBoxer, you can worry about your own.

Please refer to this post on modelling quality

andersenws
Hi

Thanks for your post J

Only to clarify when I say “analyze” I mean learn from it, in any time in any circumstances I pretend to say “check”, but sorry for my English, and some words can be understand of other I pretend to use, sorry L

And thk for link, now I understand better what is quality modelling J
OldSchool
  • #12
  • Dec 22, 2006 9:43am Dec 22, 2006 9:43am
Hi

Thanks for all postsJ

Can some one explain what happens with the Optimization check?

When I do back test with it in final it gives me a huge profit resulting of “optimization” what it means?
OldSchool
  • #13
  • Jan 30, 2007 2:26pm Jan 30, 2007 2:26pm
Hi
It have passed more then a month, i have test everything I imagine possible, the fact is that if I have start with $2500 on 1-1-07, now I will have withdraw $90000, and have around $12000 to still play, rules of MEVA withdraw $45000, every time account get $50000 level!

For thus who are interested, check attached file, and give me comments!
Now its time to go Live, if it succeeds maybe we will talk a lot of MEVA, otherwise……
Thk, for all, in this thread, and others forums that ad give me support!
Attached File(s)
File Type: zip MEVA.zip   19 KB | 927 downloads
OldSchool
  • #14
  • Jan 30, 2007 2:38pm Jan 30, 2007 2:38pm
Quoting Mtav
Hi
It have passed more then a month, i have test everything I imagine possible, the fact is that if I have start with $2500 on 1-1-07, now I will have withdraw $90000, and have around $12000 to still play, rules of MEVA withdraw $45000, every time account get $50000 level!

For thus who are interested, check attached file, and give me comments!
Now its time to go Live, if it succeeds maybe we will talk a lot of MEVA, otherwise……
Thk, for all, in this thread, and others forums that ad give me support!
Can you describe your program and give us a visual chart to look at? All I see are statements. As SMJONES stated, we need more information.
  • #15
  • Jan 30, 2007 2:43pm Jan 30, 2007 2:43pm
Quoting WHTenn
Can you describe your program and give us a visual chart to look at? All I see are statements. As SMJONES stated, we need more information.
hi
thk i have repleced file (Zip) with chart from MT4
OldSchool
  • #16
  • Jan 30, 2007 4:47pm Jan 30, 2007 4:47pm
Quoting Mtav
Hi
It have passed more then a month, i have test everything I imagine possible, the fact is that if I have start with $2500 on 1-1-07, now I will have withdraw $90000, and have around $12000 to still play, rules of MEVA withdraw $45000, every time account get $50000 level!

For thus who are interested, check attached file, and give me comments!
Now its time to go Live, if it succeeds maybe we will talk a lot of MEVA, otherwise……
Thk, for all, in this thread, and others forums that ad give me support!
Hi Mtav,
Interesting results!
I am trying to figure out your money management. It appears as though it is a combination of a modified Martingale and if you profit then next trade is a perecnt risked of your total account. Does that make sense, is that right?
It looks as though initial trades are placed with large lots, then additional smaller trades placed when trend is established to multiply the gains.

I know you may not want to part with the details of your system as it appears successful. However, I would be interested in your logic behind your money management.
I am trying to learn different approaches for managing money as that appears to be one of the most important attributes of Forex trading.
Also, could you explain on the list of trades why the stoplosses at lines 17 and 78 show positive trades?
Thanks! and keep sharing!
_________________________________ Cheerio, Pip Pip
  • #17
  • Jan 30, 2007 5:12pm Jan 30, 2007 5:12pm
Looks like a powerful program...Did you create this yourself? Are you going to make the program available to the Forex Factory Family?

Great success to you!!
  • #18
  • Jan 30, 2007 6:13pm Jan 30, 2007 6:13pm
Not to disappoint any one but statergy test report means nothing.
and by the way what we discussing here.
This thread started with a poll (poll for what ??) I dnt see much to decide any thing.

Seems like some one's setting up marketing stage to sell a statergy ..... hehehe
  • #19
  • Jan 31, 2007 1:27am Jan 31, 2007 1:27am
Quoting VegasJim
Hi Mtav,
Interesting results!
I am trying to figure out your money management. It appears as though it is a combination of a modified Martingale and if you profit then next trade is a perecnt risked of your total account. Does that make sense, is that right?
It looks as though initial trades are placed with large lots, then additional smaller trades placed when trend is established to multiply the gains.

I know you may not want to part with the details of your system as it appears successful. However, I would be interested in your logic behind your money management.
I am trying to learn different approaches for managing money as that appears to be one of the most important attributes of Forex trading.
Also, could you explain on the list of trades why the stoplosses at lines 17 and 78 show positive trades?
Thanks! and keep sharing!
Hi
Thk for your post

MEVA - 1º RULE.

“When you decide to star trading with real money (no matters how much) , you must start with money that you don’t need for nothing else! And consider that you lost it in the time you fund your account!”

MEVA 2º RULE

“Be patient because in forex after you lose a great entry/exit point, will always come a better one later”

MEVA 3 RULE

“There is no prefect dreams (nights), if you try to guess it, for sure you will have a nightmare when wakeup”

MEVA 4º RULE

“Chose you enemy, study it well and then you will win the battle”

MEVA 5º Rule

“Always enter with a stop loss, if not you always lose twice”

MEVA 6º Rule

“Information, now a day is everything, better informed better decisions. So never go against a trend, in 95% you lose money.”


Yes you are right, my goal is to start with little Money, and transform it in significant Money, in my opinion we must invest in forex with caution is very dangerous investment, and only worth if you able to do it with money you won from it!, so I always define what invest in every trade (from profit or margin I have), and when im trade from profit I have no problem in lose money. One of principal goals is to create rules of the level of investment in each trade (lots).

My system is made to rum 24h/24h as you can see from post, so there is times when it determines a reversal, and it adjust stop loss of a open order automatically, in minutes around confirmation of reversal, what can be close with a few pips of loss or win.

As I wont to be financial independent with consistence month after month from trading forex, when I get this goal, I will share the principal parts of MEVA system here in FF, special for new and small traders
OldSchool
  • #20
  • Jan 31, 2007 1:31am Jan 31, 2007 1:31am
Quoting bholiday
Looks like a powerful program...Did you create this yourself? Are you going to make the program available to the Forex Factory Family?

Great success to you!!
Hi
thk for your post
yes one day if i succed!
OldSchool
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