Daily95pips

Quoting mtaboneweb

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Here it is...

I have modified and tested to make sure orders are opposite and it works. I can post the others in the next day or so if anyone is interested.

I will finish out the week with my current testing and then add the Reverse demos for IBFX and remove the NF demos at the start of next week.

New demos for IBFX reverse tests are 22-17, 13-17, and 08-17. All the settings are the same except orders are reversed.

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Quoting mikelath

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Daily95pips:

Date: Monday 26 November 2007
EURJPY +15
USDJPY -90
EURUSD nt

Total: -75pips

Comment: :

Date: Tuesday 27 November 2007
EURJPY -90
USDJPY -90
EURUSD -90

Total: -270pips

Comment: We need some seriously positive results to recover from these 2 days.

Date: Wednesday 28 November 2007
EURJPY +15
USDJPY -90
EURUSD +95

Total: +20pips

Comment: Interesting to note is that despite being +20pips up for the day, the demo account balance is down -$210. Looking at the account history I can see that the EA placed lot sizes of 0.30 for EURUSD and 0.40 for USDJPY and EURUSD which had greater losses thus resulting in an overall loss in dollar terms for the day. This scenario presents another consideration apart from pip gains in determining the success of this system in a live trading environment.

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Quoting endroute

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I have downloaded all the minute by minute tick data and a friend and I are setting up a system to back test this system in MS access for the past 6 six years. We will share the results when we are finished.

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Quoting timmy

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Hi Mike,
A suggestion for a price filter would be to only allow the EA to set trades for pairs that are less than 1.2x of the previous days ATR(10). With this we would be ensuring that trades were not be set for days that followed very big moves since they are often prone to pullbacks the following day.

Several years ago I worked on a breakout system that took an entry at the open of the new day plus 70% of the previous days ATR(10), and ran a stop of the open-50% of the previous days ATR(10). TP was a time exit which we found best suited to 3 days out from trade entry. (I am not the original system designer).

Results were good, but it would run several months in a row in DD sometimes (so it was best suited to the long term trader). However we found that we could significantly improve the winning trades by including a price filter as I suggest above.

The logic being that breaches on days following a large candle day were much more susceptible to volatile whips as it made the breach of the previous days large range candle.

Maybe this could be considered for future versions of the EA as a possible filter to test?? (Possibly add as a variable to the inputs)

Tim

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Quoting mtaboneweb

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Here it is...

I have modified and tested to make sure orders are opposite and it works. I can post the others in the next day or so if anyone is interested.

I will finish out the week with my current testing and then add the Reverse demos for IBFX and remove the NF demos at the start of next week.

New demos for IBFX reverse tests are 22-17, 13-17, and 08-17. All the settings are the same except orders are reversed.

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Quoting timmy

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Hi mtaboneweb,

Thanks for setting up a reverse EA. It will be interesting to test out. I notice that you have set it out with orders based at the original third TP point (i.e. 50 pips out).

However if you consider your results the majority of failures occur when the entry orders are triggered and then the spot rate fails to go the 15 pips to the first profit level. So I was wondering if you wouldn't mind setting the reverse system with the sell entry orders at period high +5 (as per Mikes rules) not +50, and the stop at period high +20 ...and the opposite for the buy entry orders below the low for the period chosen.

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Quoting timmy

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I was keen for a stop at high +20 since most of the failures come from price action not moving the additional 15 pips to the first profit level (above the high+5 breach point). In this way we can minimise the loss and maximise the gain - since we will have the three profit levels still in place (for the breach of the high +5 pips, these would then be at high-10 pips, high-25 pips, and high-45 pips).

So we are then getting really good risk reward ratios here also. And we could still have the stop to BE when the first pull back level (high -10pips) is reached.

Spreads will have to accomodated also.

Tim

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Quoting wallstreet03

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29 nov..

EURJPY nt
USDJPY nt
EURUSD nt

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Quoting bjk2801

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Same here. For some reason, my orders have been canceled already.. Is that an EA bug? Anyone else with same problem?

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Quoting mtaboneweb

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They expire after 18 hours. You can change it in the settings. See post 1167.

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Quoting bjk2801

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OK - Thanks for the info. Why do we not want the trades to go until 4pm or so? I know that the EA sets the next day's trades at 5pm. Please let me know. Thank you.

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Quoting mtaboneweb

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Here it is...

I have modified and tested to make sure orders are opposite and it works. I can post the others in the next day or so if anyone is interested.

I will finish out the week with my current testing and then add the Reverse demos for IBFX and remove the NF demos at the start of next week.

New demos for IBFX reverse tests are 22-17, 13-17, and 08-17. All the settings are the same except orders are reversed.

Will repost when bug is fixed. See post 1169.

The bug has been fixed as of 11/29. This EA is good and will now close pending orders when a Sell Limit or Buy Limit is triggered on the same pair.

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Quoting Samantha

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I've had good results using the EA on the USD/JPY, EUR/USD, and EUR/JPY pairs (Tues - Thurs only which is limiting the DD and producing positive pips). Would it be possible for you to set up a Reverse EA for the FXDD platform? I'd like demo test it along side of my live trades for comparison.

Regards,
Sam

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Quoting mtaboneweb

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My plans are to make reverse EAs for all the existing ones. I've only done the IBFX Fall version so far to see how it runs and it seems to be doing very well. I will mod the others in the next day or so.

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Quoting mtaboneweb

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I noticed that the AUD/CAD should have triggered the buy limits but never went on my IBFX demo. Twice it passed the buy limit within 3-4 hours of the pending orders being placed. Now it is toying with the sell limits.

It would have been a big winner if the buys triggered like they should have.

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Quoting timmy

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Hi mtaboneweb,
Sorry you were right - I was not looking clearly at my orders when I made the comment about the settings. They are setting up correctly as you state.

My platform also missed the two chances for entry on the buy limits - and has since taken the sell limits and made a loss. It should have been a big gain.

Also the EA left orders on for the buy limits on the USD/CAD and sell limits for the NZD/JPY ....don't know why these weren't removed.

And I currently have the AUD/NZD active for sells but again the EA has not cleared the buy limit orders???

But from your results (and mine if AUD/CAD had had orders properly actioned), we would have had a nice result.

Can you look at the EA to find out why orders are not cancelling - or am I missing something in my set up??

Thanks for all your programming effort - it is much appreciated.

Tim

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