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Daily Stochastic Oscillator System (#2)

  • #41
  • Feb 13, 2008 1:43pm Feb 13, 2008 1:43pm
Enjoying the thread neal, keep bangin away. It's coming along nicely.
Capital Preservation is key to long term wealth accumulation
  • #42
  • Feb 13, 2008 8:20pm Feb 13, 2008 8:20pm
I have 1.5 running 24/7:

Last Night: -335.67$
Today Gained: 1776.29
Net Gain: 1440.62 in two days.

I trade GBP/JPY, M30 window. I started off with 3k in demo account not 5k.

So far, good build Neal. Keep it up!
  • #43
  • Feb 13, 2008 8:45pm Feb 13, 2008 8:45pm
v1.5 seems very good as it runs on 24/7 and the perfermance is not bad in ranging markets.

Well done.
  • #44
  • Feb 13, 2008 8:57pm Feb 13, 2008 8:57pm
Version 1.6 in the works - just debugging problems.

New logic to cover:

Trailing Stop: (controled by logic) At 3 different levels in the progress of a trade it will update the S/L with the current price +/- 15 pips so if the market turns the other way it will close the trade either in profit or reduced loss amount.

Bad Signal Abort: Various times a trade may not have enough momentem even though it was triggered on a valid signal. Logic is in place to anticipate the market reversing and take you out of the trade at either a small profit or greatly reduced loss.

Lots of other logic improvements to cover odd circumstances to help protect your profit or reduce your loss.

The general idea is to scarafice small losses and sometimes small profit to catch larger moves.

Hopefully will have v1.6 ready tomarrow afternoon or Friday at the latest.
  • #45
  • Feb 13, 2008 8:58pm Feb 13, 2008 8:58pm
Neal,
what if the EA executes a trade and i decide to shut down my system and leave. will it close the trade when it is time to close it even when the system is shut down.
  • #46
  • Feb 13, 2008 9:26pm Feb 13, 2008 9:26pm
Quoting bimboforex
Neal,
what if the EA executes a trade and i decide to shut down my system and leave. will it close the trade when it is time to close it even when the system is shut down.
NO! If the Metatrader program is closed the EA can not monitor the status of the trade and apply it's logic to control entry/exits. The EA acts like a human sitting in front of your computer closely monitoring the trades. If you shut it down it can't see. If the logic has gotten to a point it has set a StopLoss, it would be honored wheither your machine was on or not, but it constantly updates StopLosses and you might end up on the negative side of a trade v.s. it being open and able to modify them.

NOTE: What you could do is REMOVE the EA from the chart and manually set a StopLoss and TakeProfit manually so that it would be honored.
  • #47
  • Feb 13, 2008 11:12pm Feb 13, 2008 11:12pm
Hi Neil !

Sorry but we're a bit thick.

Could you please explain what files go where in moredetail as most of us are a little confused. What I see is three files that need to go somewhere. Can you be a scholar and a gentleman and give us a helping hand ?
Many thanks !
  • #48
  • Feb 13, 2008 11:18pm Feb 13, 2008 11:18pm
You can download version 1.5 in HERE

The install method is in HERE

Quoting vincent001
Hi Neil !

Sorry but we're a bit thick.

Could you please explain what files go where in moredetail as most of us are a little confused. What I see is three files that need to go somewhere. Can you be a scholar and a gentleman and give us a helping hand ?
Many thanks !
  • #49
  • Feb 13, 2008 11:22pm Feb 13, 2008 11:22pm
Quoting nealc99
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.
hello
i dont see any parameter in this versign of time setting but in your backtest is this time setting.why?
thanks
  • #50
  • Edited Feb 14, 2008 12:09am Feb 13, 2008 11:25pm | Edited Feb 14, 2008 12:09am
OK Neil a group of us have attached v1.5 to the charts and all is working. I have also got the fast1 file on screen as well which is obviously the indicator at the bottom of the screen ? Do I need to do antyhing else ?? When are you releasing v1.6 and you give us clear instructions as not all of us are as smart as you. :-)

Many Thanks.
  • #51
  • Feb 14, 2008 12:09am Feb 14, 2008 12:09am
Quoting vincent001
I've been doing this for years but I'm still a bit lost.

Are you telling me save the UT_FAST1.mq4 indicator to indicators and the v1.5 file to experts ?
yes

you can also drag to UT_FAST1.mq4 to the chart you are using
Attached Image
  • #52
  • Feb 14, 2008 12:30am Feb 14, 2008 12:30am
THANK YOU !
  • #53
  • Feb 14, 2008 1:30am Feb 14, 2008 1:30am
This was important below that I marked in bold and I almost missed it on v1.5. I loaded it and could not figure out why I did not have any trades yet!

I must have it loaded and waiting for the other side to hit and signal a trade!

ES


It misses out on more trades when it has to wait for a signal due to starting in the middle of a trend.
  • #54
  • Feb 14, 2008 4:00am Feb 14, 2008 4:00am
Quoting rzamany
hello
i dont see any parameter in this versign of time setting but in your backtest is this time setting.why?
thanks
v1.5 runs gave better results by runing all the time so there is was no need for the hour setting. v1.6 the StartTime will be put back but the default will still be to run all the time.
  • #55
  • Feb 14, 2008 4:04am Feb 14, 2008 4:04am
Quoting vincent001
OK Neil a group of us have attached v1.5 to the charts and all is working. I have also got the fast1 file on screen as well which is obviously the indicator at the bottom of the screen ? Do I need to do antyhing else ?? When are you releasing v1.6 and you give us clear instructions as not all of us are as smart as you. :-)

Many Thanks.
The EA is all that is required to be attached to a chart, but of cource it is visually nice to have the UT_FAST1 indicator attached so you can see what the EA is seeing when it comes to entry signals at least.

v1.6 will be here before Sunday to start the new week (but probabbly sooner).
  • #56
  • Feb 14, 2008 7:03am Feb 14, 2008 7:03am
4 trades executed with v1.5 so far. +47 pips and -105 pips with 2 wins and 2 losses. Waiting for it to hit a nice trend. Paris
  • #57
  • Feb 14, 2008 7:06am Feb 14, 2008 7:06am
i like the trailing stop idea as you mentionned it for the 1.6 and in fact i was thinking the same way a few hours ago.

I was also thinking looking at shorter timeframe for UT_FAST to reverse to pinpoint the moment where you need to update the trailing stop...

edit : losing 272$ closed trade and 70$ loss floating but it's on several pairs on M5 so i'll let it run to see which pair are profitable and which aren't

Another question : is the 1.5 ver locked on a specific TF like the 1.4 which had to be attached to M30 ?
  • #58
  • Feb 14, 2008 7:24am Feb 14, 2008 7:24am
Quoting melpheos
i like the trailing stop idea as you mentionned it for the 1.6 and in fact i was thinking the same way a few hours ago.

I was also thinking looking at shorter timeframe for UT_FAST to reverse to pinpoint the moment where you need to update the trailing stop...

edit : losing 272$ closed trade and 70$ loss floating but it's on several pairs on M5 so i'll let it run to see which pair are profitable and which aren't

Another question : is the 1.5 ver locked on a specific TF like the 1.4 which had to be attached to M30 ?
All are locked on a 15m timeframe no matter what TF chart you have it on.

The Trailing Stop does not act like the one you are used too. When it reaches a milestone of positive movement it will trail for a bit, then wait for another milestone and trail again. Thus reducing loss/locking in profit yet still giving it breathing room to move against the trade a little.

The tricky part is trying to put in logic to minimize loss, yet not prematurely close out a trade that is going good - that's whats giving me such a difficult time and taking so long.
  • #59
  • Feb 14, 2008 7:35am Feb 14, 2008 7:35am
Quoting nealc99
The tricky part is trying to put in logic to minimize loss, yet not prematurely close out a trade that is going good - that's whats giving me such a difficult time and taking so long.
That's the more difficult part of normal trading It's not surprising it's difficult to code...

ps : thanks for the reply regarding the TF btw
  • #60
  • Feb 14, 2008 8:51am Feb 14, 2008 8:51am
I'm running v1.5 on both GJ and EJ.

GJ is not so hot at the moment because it closed a winning position and then reversed a little bit after that, but it was a head fake. The market rushed on ahead. Later there was another, much smaller loss. All of this was on IBFX. 4 Trades and it is a net -80 or something like that.

EJ is a different story. No losers yet (I think it is 3 medium size wins). The difference was that it sat out the entire move up yesterday. UT Fast did not reach the down limit an so when the market took off it left the EA behind waiting for a reversal. The small stall in the middle that killed the GJ was not enough to reset things on EJ either way. So it didn't catch the long move, but it didn't take any head fakes either. Right now it is +106 pips from 3 winning trades.

Sorry I can't give more exact details. I'm running out of time, and have lots of other test trades from other systems to pick these out from. Got to get ready for work now.

I am very excited about this, Neal. Thank you very much for your hard work. I can hardly wait for v 1.6.
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