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Attachments: Daily Stochastic Oscillator System (#2)
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Daily Stochastic Oscillator System (#2)

  • #21
  • Feb 11, 2008 11:23am Feb 11, 2008 11:23am
The premature exit is a common fault by traders and experts alike. Basically, this would do good with low drawdawn, and a more mature exit.
  • #22
  • Feb 11, 2008 2:55pm Feb 11, 2008 2:55pm
Quoting cashfinder
What timeframe should be in the chart?

Or the EA can auto adjust the entry ?
v1.4 is hardwired in the EA for 5 min chart.

v1.5 (not released yet) will be hardwired in the EA for 15 min chart.

For either it doesn't matter what timeframe you have it active on.
  • #23
  • Feb 12, 2008 9:20am Feb 12, 2008 9:20am
Version 1.5 was so exciting I wanted to go ahead and let every have access to it for backtesting & forward testing.

It is not dependant on any certain pair - should work with any.

There are viturally no setting required. StopLoss, TakeProfit and exits are completley handled by the EA.

It is a stable version with above average performance. I have only been able to back test with 1 month at this point (the indicator is VERY resource intensive - a backtest of a single month takes about 5-10 minutes).

The backtesting done was for January 2008 for the GBP/JPY pair. I would suspect that the more volitale the pair the better the performance (will try it on Gold some day - lol).

January Results

Backtesting Results: http://26z.net/forex/9.htm
Operation Time: 24/7
Net Profit: $17,267.57
Profit Trades: 66.04%
Absolute Draw Down: $883.18

Attached is the EA v1.5 and the UT_FAST1 (modified version) which it uses. The origional UT_FAST indicator is also attached but not necessary for operation.

There are a few more tweaks left to do to try to cut down on the size of some of the losses. Optimization is also currently being done (takes time since it's so resource intensive).

At this time I am only releasing the .ex4 file of the expert. I will make a determination on releasing the source at a future date. There is so much design & logic incorporated in it that the source may not end up being public.
Attached File(s)
File Type: ex4 Daily100_v1.5.ex4   6 KB | 1,061 downloads
File Type: mq4 UT_FAST1.mq4   25 KB | 1,116 downloads
File Type: mq4 UT_FAST.mq4   26 KB | 897 downloads
  • #24
  • Feb 12, 2008 9:56am Feb 12, 2008 9:56am
The EA was working last friday but since yesterday, it wont put any trade (set on several pair for testing)

Any idea ?

Edit : i've just seen you have uploaded your new version, i'll give a try
  • #25
  • Feb 12, 2008 10:12am Feb 12, 2008 10:12am
Quoting melpheos
The EA was working last friday but since yesterday, it wont put any trade (set on several pair for testing)

Any idea ?

Edit : i've just seen you have uploaded your new version, i'll give a try
The new one is not restricted to time like the old one. Matter of fact performance is worse not running 24/7. In a GBP/JPY test - running 24/7 gave like $17,000 profit in backtesting where running 10:00-19:00 GMT only gave about $11,000,

It misses out on more trades when it has to wait for a signal due to starting in the middle of a trend.
  • #26
  • Feb 12, 2008 10:17am Feb 12, 2008 10:17am
Quoting melpheos
The EA was working last friday but since yesterday, it wont put any trade (set on several pair for testing)

Any idea ?

Edit : i've just seen you have uploaded your new version, i'll give a try

I am testing v1.4 and it have trade today
Attached Image
  • #27
  • Feb 12, 2008 10:45am Feb 12, 2008 10:45am
Quoting cashfinder
I am testing v1.4 and it have trade today
Very nice little 120 pip trade
  • #28
  • Feb 12, 2008 8:11pm Feb 12, 2008 8:11pm
nealc, can this EA trade successfully with other EA's running on the same terminal?
Capital Preservation is key to long term wealth accumulation
  • #29
  • Feb 12, 2008 8:13pm Feb 12, 2008 8:13pm
Yes,

Just make sure that each EA has a different MagicNumber, otherwise, the EAs will try to manage each other's trades.
  • #30
  • Edited 3:39am Feb 13, 2008 2:37am | Edited 3:39am
Quoting cashfinder
I am testing v1.4 and it have trade today
After restarting my plateform, the EA started to trade (badly unfortunately ^^ but i wont blame it as it is a demo account )

Anyway, i have setup the v1.5 this morning with default settings on several pairs (just changed the lot size and the magic number for each pair) and it has allready went short on nzdusd...

edit : went long on 3 yen pair including Geppy... but the short nzdusd closed with a small loss of 6 pips
  • #31
  • Feb 13, 2008 7:01am Feb 13, 2008 7:01am
Quoting melpheos
After restarting my plateform, the EA started to trade (badly unfortunately ^^ but i wont blame it as it is a demo account )

Anyway, i have setup the v1.5 this morning with default settings on several pairs (just changed the lot size and the magic number for each pair) and it has allready went short on nzdusd...

edit : went long on 3 yen pair including Geppy... but the short nzdusd closed with a small loss of 6 pips
Just a side note.... It has been tested quite a bit on GBP/JPY and some on USD/JPY but no other pairs. Please don't blame the EA if it expierences losses. Each pair kind of has it's own personality.
  • #32
  • Feb 13, 2008 7:21am Feb 13, 2008 7:21am
I start to test v1.5 2 hours ago

now it has 2 open trades (the first is long, the second is short) , is it normal?
Attached Image (click to enlarge)
Click to Enlarge Name: 234.JPG Size: 26 KB
  • #33
  • Feb 13, 2008 7:33am Feb 13, 2008 7:33am
Quoting cashfinder
I start to test v1.5 2 hours ago

now it has 2 open trades (the first is long, the second is short) , is it normal?
No that is not normal.

Haven't seen that happen in backtesting - will keep an eye out for it in forward testing.

The only circumstances I can think that would cause that is if you had the EA running and it opened the first trade, then removed the EA, put it back and changed the magic number.

If you have different currencies running with the EA - yes that would be normal.
  • #34
  • Feb 13, 2008 7:40am Feb 13, 2008 7:40am
Quoting nealc99
No that is not normal.

Haven't seen that happen in backtesting - will keep an eye out for it in forward testing.

The only circumstances I can think that would cause that is if you had the EA running and it opened the first trade, then removed the EA, put it back and changed the magic number.

If you have different currencies running with the EA - yes that would be normal.
I will restart the platform and test again
  • #35
  • Feb 13, 2008 7:45am Feb 13, 2008 7:45am
Quoting cashfinder
I will restart the platform and test again
I double checked the logic of the EA and if it finds an active trade it bypasses the routine to enter a trade - that's what's odd about it.
  • #36
  • Feb 13, 2008 8:50am Feb 13, 2008 8:50am
Quoting nealc99
Just a side note.... It has been tested quite a bit on GBP/JPY and some on USD/JPY but no other pairs. Please don't blame the EA if it expierences losses. Each pair kind of has it's own personality.
That's the point of such thread

I can leave the EA running 24/5 on my work PC so the more it trades, the better we know for which pair it works best

While i was at a customer site the EA made several trades for 207$ winning but it has 254$ in floating loss with in particular two trades short on GY and GChf with -100 pips each
Attached Image (click to enlarge)
Click to Enlarge Name: daily.PNG Size: 34 KB
  • #37
  • Feb 13, 2008 9:07am Feb 13, 2008 9:07am
the EA does not have a good performance testing on one year back.
but testing from the december 2007 till date, the result came out good.
however on forward testing it has opened two trades on GBPJPY today one LONG which closed with +130 pips. and opened another short which is still floating with a -140pips drawdown
  • #38
  • Feb 13, 2008 1:11pm Feb 13, 2008 1:11pm
Hi Neal

Thanks for posting version 1.4, it's very good !

Can you please explain how 1.5 works ? I can't seem to get it up and running on my platform. What are those the other files ?

Thanks Neil ! Keep up the good work.
  • #39
  • Feb 13, 2008 1:16pm Feb 13, 2008 1:16pm
Quoting vincent001
Hi Neal

Thanks for posting version 1.4, it's very good !

Can you please explain how 1.5 works ? I can't seem to get it up and running on my platform. What are those the other files ?

Thanks Neil ! Keep up the good work.
yes I want to know too

Is version 1.5 based on Stochastic Oscillator?

I am testing on version 1.4 now
  • #40
  • Feb 13, 2008 2:09pm Feb 13, 2008 2:09pm
Quoting vincent001
Hi Neal

Thanks for posting version 1.4, it's very good !

Can you please explain how 1.5 works ? I can't seem to get it up and running on my platform. What are those the other files ?

Thanks Neil ! Keep up the good work.
The only indicator used now is the UT_FAST1 for all signals. (When I initialy started the first thread it was named the "Daily 100 System" and the forum moderator gave it it's current title which no longer applys).

You will also have to have the UT_FAST1.mq4 indicator save in your /experts/indicators director for the EA to function properly.

Below are 2 trades made by v1.5 (in backtesting chart).

The ENTRY area for a trade is after you come out of a "flat line" situation where the line is either all the way at the top or bottom (which determines direction of new trade).

The EXIT logic begins when the line reaches the opisite side. The EA looks for a good spot to get out during a "flat line" event then exits the trade. If it does not find a good exit it will exit once the "flat line" has ended.

Now there's a whole different world of logic to try to combat false signals, losing trades, etc.
Attached Image (click to enlarge)
Click to Enlarge Name: 1-5-example.gif Size: 18 KB
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