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Daily95pips

  • #681
  • Oct 25, 2007 8:32pm Oct 25, 2007 8:32pm
Quoting BlindMist
Hello Mike,

This time i got completely different results:

EURJPY -90
EURUSD -90

EU actually did come very close to reaching the 1st PT (about 2-3 pips), however it retraced way below the BE; hence the result

EY only managed to go 11 pips above the previous Daily High, so I'm kinda puzzled now... How did you manage to get 45 pips of profit on this pair?

P.S. I'm using Daily Highs/Lows; Daily candle closes at 18:00 EST
I think I read somewhere that the high/low calculations cover the previous 17 hours and not the full previous 24 hours. That may give you the difference. I have been using Primers daily 95 bars indicator and this uses the previous 24 hour high and low and this gave me EURJPY -90 USDJPY NT and EURUSD 95

Mister ED
  • #682
  • Edited 10:03pm Oct 25, 2007 9:32pm | Edited 10:03pm
I tested this on AUD/USD back one year, and it ended with a few dollars left in the account... What am i doing wrong?

Can someome please PM me for help setting this up properly


It has something to do with this:

10 2007.09.25 12:51 s/l 1 0.40 1.6493 1.6493 1.6538 -102.96 9897.04
11 2007.09.25 12:51 s/l 2 0.40 1.6493 1.6493 1.6553 -102.96 9794.08
12 2007.09.25 12:51 s/l 3 0.40 1.6493 1.6493 1.6573 -102.96 9691.12


I might be an idiot, but this strategy looks fucked up when i backtest it. Not one currency pair gains money... I don't understand what I am doing wrong, or how I get all three stop losses activated at one time.




How come is posting the same loss three times?
  • #683
  • Oct 26, 2007 1:16am Oct 26, 2007 1:16am
Quoting Mister ED
I think I read somewhere that the high/low calculations cover the previous 17 hours and not the full previous 24 hours. That may give you the difference. I have been using Primers daily 95 bars indicator and this uses the previous 24 hour high and low and this gave me EURJPY -90 USDJPY NT and EURUSD 95

Mister ED
hmmm
strange day......

i wonder how mikelath got the results

so we suppose to use previous 17hrs instead of full 24hrs ?????
Every moment in the market is unique
  • #684
  • Oct 26, 2007 3:38am Oct 26, 2007 3:38am
Quoting mikelath

Date: Thursday 25 October 2007
EURJPY +45
USDJPY nt
EURUSD +95

Total: +140pips
Hi !!!!.

It is possible to get this results on EURUSD if you donīt move the stop to BE...but...

Please, can you give us some numbers??...(Entry point, Hours...)

Attached Image (click to enlarge)
Click to Enlarge Name: Dayly95Pips_2007_10_25_EURUSD.jpg Size: 119 KB
  • #685
  • Oct 26, 2007 6:01am Oct 26, 2007 6:01am
Quoting bksujal
Why don't try it out manually mate? I know its bugging to sit and calculate the values but whats the problem if the end result is hopefully profitable.
Thats what i do rather than use the EA.
Regards,
Bksujal

I have an spreadsheet for that - Problem is I cannot always be at my trading computer at the time to do the calcs and place the orders. For me, the EA would give me the opportunity to trade this system daily instead of occasionally...
  • #686
  • Oct 26, 2007 10:20am Oct 26, 2007 10:20am
What is the point in going back manually and doing it? your going to have EA execute the trades anyway, so it has to backtest to a profit. and the fact is that it doesn't, it will clear out your account within 8 months according to my backtest.
I must be doing something wrong.
  • #687
  • Oct 26, 2007 3:58pm Oct 26, 2007 3:58pm
Hi,
New version of EA is ready.
I have finally fixed problem with using EA for multiple pairs.
Additionally, I have added trailing stop feature and possibility to adjust break-even move.

Below I'll describe new settings, for others look for description in post #541 (http://www.forexfactory.com/showpost...&postcount=541).

UpdateToBE - number of pips in profit, when stoploss is moved to break-even point, e.g. when set to 15 - stop loss will be moved to opening price after reaching 15 pips profit. If you want to move SL to b/e when first take profit is taken, set to the same value as TakeProfit1 setting. The same goes for TP2, TP3.

UseTrailingStopOnLastOrder, TrailingStop - these are tricky ones
When UseTrailingStopOnLastOrder is set to false, there will simply be no trailing stop for last order So take profit will be taken at the value of TakeProfit3. TrailingStop setting value is insignifficant in this case.
When UseTrailingStopOnLastOrder is set to true, trailing stop will be activated when order reached TakeProfit3 pips value. Trailing stop value is then equal to TrailingStop setting value.
Example:
We have TakeProfit3=50, UseTrailingStopOnLastOrder=true, TrailingStop=20.
Let's assume that buy orders were opened at the price of 1.2350. At the level of 1.2400 we'll have 50 pips of profit (for simplicity of this example spread is not taken into account). From now on, whenever price goes up, stop loss for last order will be moved to 20 pips below actual price. For example, let's take such sequence:
1) price - 1.2400, sl - 1.2380
2) price - 1.2405, sl - 1.2385
3) price - 1.2402, sl - 1.2385
4) price - 1.2407, sl - 1.2387
5) price - 1.2405, sl - 1.2387
etc.

EAMagicNumber - for advanced users only. It is a random number generated for this EA. Change is when using other EAs for the same account and they happen to use the same magic number (very unprobable). There's no need to change this value for different pairs - EA attached to a chart will only manage orders with magic number equal to EAMagicNumber setting and symbol correstponding to this chart.


I did some forward testing, but it's still not enough. That's where your role begins
Waiting for results, options, etc.

Have a nice weekend
Pr1mer
Attached File(s)
File Type: mq4 Daily95pips.0.4.mq4   8 KB | 1,342 downloads
File Type: ex4 Daily95pips.0.4.ex4   12 KB | 921 downloads
  • #688
  • Oct 26, 2007 6:54pm Oct 26, 2007 6:54pm
I'd like to be the first to thank Pr1mer for the continued effort on the EA.

Great work !

mike
  • #689
  • Oct 26, 2007 7:45pm Oct 26, 2007 7:45pm
Pr1mer,

I read this thread a while ago but didn't realize there was an EA being made.

I have 3 computers dedicated to forward testing and an FTP server that I can have forward tested results auto-updated to through MT4, so statements are easy to check in real time with a bookmark.

PM me if I can help. I have 8 metatraders installed on each computer, about 12 slots are currently running EA's.
The basis of a democratic state is liberty. ~ Aristotle
  • #690
  • Oct 26, 2007 7:46pm Oct 26, 2007 7:46pm
I would like to be second. THANKS
  • #691
  • Edited 8:31pm Oct 26, 2007 8:21pm | Edited 8:31pm
Daily95pips:

Date: Monday 22 October 2007
EURJPY +95
USDJPY +95
EURUSD +95

Total: +285pips

Comment: Regarding the EA, there is now discussion on adding a trailing stop to the last order after the 2nd profit target has been reached in order to capitalise on strong trends.

Date: Tuesday 23 October 2007
EURJPY +15
USDJPY -90
EURUSD nt

Total: -75pips

Comment: The stops being moved up to breakeven after the 1st profit target was reached saved the EURJPY trade, however the same can't be said for USDJPY.

Date: Wednesday 24 October 2007
EURJPY -90
USDJPY +45
EURUSD nt

Total: -45pips

Comment: In the absence of trades being taken by the EA I am continuing to use Oanda for manual paper trading results.

Date: Thursday 25 October 2007
EURJPY +45
USDJPY nt
EURUSD +95

Total: +140pips

Comment: EU came very close to reaching the 1st PT before retracing to BE, however it then proceeded to reach all 3 PT's.

Date: Friday 26 October 2007
EURJPY +95
USDJPY nt
EURUSD +15

Total: +110pips

Comment: A good end to the week. It was a shame to settle for +15pips on the EURUSD trade because price then continued thru the 2nd profit target and almost reach the 3rd. I'm still grateful regardless.

Total for week ending Friday 26 October 2007: +415pips


Weekly Results:

Total for week ending Friday 26 October 2007: +415pips
Total for week ending Friday 19 October 2007: +110pips
Total for week ending Friday 12 October 2007: +130pips
Total for week ending Friday 5 October 2007: +288pips
Total for week ending Friday 28 September 2007: +280pips
Total for week ending Friday 21 September 2007: +1050pips
Total for week ending Friday 14 September 2007: -651pips
Total for week ending Friday 7 September 2007: +164pips
Total for week ending Friday 31 August 2007: +585pips

Grand Total: +2356pips


Individual Pair Results:

Daily95pips individual pair results for week ending Friday 26 October 2007:

EURJPY +160
USDJPY +50
EURUSD +205

Total: +415pips

For the past 9 weeks:

EURJPY +1325
USDJPY +356
EURUSD +670

Total: +2351pips

Comment: A very good result overall with EURUSD taking the prize for this week's best performer. Progress on the EA continues with the new version now available.
  • #692
  • Oct 27, 2007 10:45am Oct 27, 2007 10:45am
Thanks to Pr1mer for the continuted programming for all of us unspoken viewers of this thread. I have been trying to backtest the strategy on Metatrader, and the results are always negative and don't match up with my manual backtesting of the strategy. I am setting the period to H1 and leaving all other settings at their default. Also, I live in the Pacific time zone, so what should my settings be for the day start hour if my broker open/closes the trading day at 2 PM PT, 5 ET? Thanks again for all the work on this thread.
  • #693
  • Oct 27, 2007 11:08am Oct 27, 2007 11:08am
This is going to be a complicated EA to backtest. Every broker has a different time zone, you need to understand what time zone your broker is in in relation to EST 5:00.

Once you have that setting correct. You cannot test for more than 6 months at a time with that setting. DAYLIGHT SAVINGS!! The broker time in relation to your time may change twice a year. Being aware of this you might have to only backtest 6 months at a time and add the results together somehow.
The basis of a democratic state is liberty. ~ Aristotle
  • #694
  • Edited 12:41pm Oct 27, 2007 12:09pm | Edited 12:41pm
Quoting Vensik
This is going to be a complicated EA to backtest. Every broker has a different time zone, you need to understand what time zone your broker is in in relation to EST 5:00.

Once you have that setting correct. You cannot test for more than 6 months at a time with that setting. DAYLIGHT SAVINGS!! The broker time in relation to your time may change twice a year. Being aware of this you might have to only backtest 6 months at a time and add the results together somehow.


I just don't understand why the EA backtest keeps comming back extremely negative, I have the timezone correct, even in one month intervals it comes back negative.
yes, but if every single currency ends negative then it shouldn't matter.

Are we supposed to use 5pm EST as the time for all currency pairs or just JPY pairs? That may make a huge difference.



Time frame also seems to affect it, when i back tested the USD/JPY for this week I was positive but at different levels on each time frame.
Back test results on USD/JPY for this week.

up 172 pips on the four hour time from 72 pips on the 1 hour time frame.
up 88 pips on the 15 minute time frame.
up 32 pips on a 1 minute time frame.
up 404 pips on a 5 minute time frame

I guess it is impossible to use EA to backtest this because of how to acts in the real world.
  • #695
  • Oct 27, 2007 4:07pm Oct 27, 2007 4:07pm
Let the forward testing commence. I got a bad headache trying to figure out timezones vs brokers at 2am last night for my alpari data. Will try again today.

Of course, the problem with forward testing is you won't even know a setting is bad for weeks.
The basis of a democratic state is liberty. ~ Aristotle
  • #696
  • Oct 28, 2007 7:21am Oct 28, 2007 7:21am
i am using interbankfx. i need to change the dualy start hour?

thanks
  • #697
  • Oct 28, 2007 9:15am Oct 28, 2007 9:15am
Quoting Pr1mer
Hi,
New version of EA is ready.
I have finally fixed problem with using EA for multiple pairs.
Additionally, I have added trailing stop feature and possibility to adjust break-even move.

Below I'll describe new settings, for others look for description in post #541 (http://www.forexfactory.com/showpost...&postcount=541).

UpdateToBE - number of pips in profit, when stoploss is moved to break-even point, e.g. when set to 15 - stop loss will be moved to opening price after reaching 15 pips profit. If you want to move SL to b/e when first take profit is taken, set to the same value as TakeProfit1 setting. The same goes for TP2, TP3.

UseTrailingStopOnLastOrder, TrailingStop - these are tricky ones
When UseTrailingStopOnLastOrder is set to false, there will simply be no trailing stop for last order So take profit will be taken at the value of TakeProfit3. TrailingStop setting value is insignifficant in this case.
When UseTrailingStopOnLastOrder is set to true, trailing stop will be activated when order reached TakeProfit3 pips value. Trailing stop value is then equal to TrailingStop setting value.
Example:
We have TakeProfit3=50, UseTrailingStopOnLastOrder=true, TrailingStop=20.
Let's assume that buy orders were opened at the price of 1.2350. At the level of 1.2400 we'll have 50 pips of profit (for simplicity of this example spread is not taken into account). From now on, whenever price goes up, stop loss for last order will be moved to 20 pips below actual price. For example, let's take such sequence:
1) price - 1.2400, sl - 1.2380
2) price - 1.2405, sl - 1.2385
3) price - 1.2402, sl - 1.2385
4) price - 1.2407, sl - 1.2387
5) price - 1.2405, sl - 1.2387
etc.

EAMagicNumber - for advanced users only. It is a random number generated for this EA. Change is when using other EAs for the same account and they happen to use the same magic number (very unprobable). There's no need to change this value for different pairs - EA attached to a chart will only manage orders with magic number equal to EAMagicNumber setting and symbol correstponding to this chart.


I did some forward testing, but it's still not enough. That's where your role begins
Waiting for results, options, etc.

Have a nice weekend
Pr1mer
I'm a bit confused about the time setting

DayStartHour - hour in your time zone that starts the forex day

If I am using IBFX who is at GMT even with the DST change and I am in EST what am I going to use for the daystarthour??? 8 for the US open??

If I ever get over this hurdle then forex life will get a whole lot easier
Don't chase the market, Let the market come to you
  • #698
  • Edited 6:44pm Oct 28, 2007 6:33pm | Edited 6:44pm
First I would like to say that this is a great thread. It has taken me a couple of days to digest all of the information and come to grips with the logic of this system. I would also like to say that Pr1mer is one of the best programmers I have ever met in one of these forums.

Having said that I would like to offer the following. I only use IBFX for my demo trading and have had a lot of experience with them.

If you are using IBFX you will need to set your DayStartHour to 21.The IBFX demo server is currently on EST+4 hours.

The second problem with IBFX is that they do not start their trading day on Sunday until 18:00 EST. Using the Expert for this system will not generate any trades for the Sunday/Monday session since it is set to put in the orders at 17:00EST. I have made a change to the expert to take this into account.

Also, when using IBFX, you will only look back 16 bars for the Sunday/Monday session buystop and sellstop orders since there is an hour missing with their 16:00 EST close on Friday and their 18:00 EST open on Sunday.
I have altered the expert to take this into account as well.

Please be advised that the expert that I have attached is the .04 current version of Pr1mer's expert with changes that only work with IBFX. It must be attached to your chart and active Sunday @ 18:00 EST - 18:59 EST to get the first days trades set.

I would like to close by saying that if Pr1mer does not want anyone altering his/her programming, please let me know and I will not post any changes again. His/her programming knowledge is far superior to mine and I would not want to offend him/her in any way.

I hope that my input is helpful.
Attached File(s)
File Type: mq4 Daily 95 Pips IBFX Version.mq4   9 KB | 688 downloads
File Type: ex4 Daily 95 Pips IBFX Version.ex4   12 KB | 509 downloads
  • #699
  • Oct 28, 2007 6:38pm Oct 28, 2007 6:38pm
The following is the order information for IBFX as of 18:00 EST Sunday

EUR/USD
BuyStop = 1.4412
SellStop = 1.4319

USD/JPY
BuyStop = 114.64
SellStop = 113.92

EUR/JPY
BuyStop = 164.64
SellStop = 163.57

Pips To All!
  • #700
  • Oct 29, 2007 5:40am Oct 29, 2007 5:40am
Well, this is the first day that i am trying new EA, and here are my observations. For some reason it bought double orders on usd/chf pair, not sure why,(but it needs to be checked into - if its a profit its great, but when its a loss, its a double one and that sucks!) i have it attached only to one of them. I did not change any settings on it. It started out with 0.2 lots and on the last currency it bought 0.1 lot, so that part is working good. So far all in all i am $135 up - 75 pips, so lets see what tomorrow will bring
Thanks for a great job!!!
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