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Daily Stochastic Oscillator System (#2)

  • #61
  • Feb 14, 2008 12:43pm Feb 14, 2008 12:43pm
Version 1.6 is doing great today

2008.02.14 06:01 buy usdjpy @ 108.18 107.58 to 108.24 +66 pips
2008.02.14 06:15 buy gbpjpy @ 212.34 211.92 to 213.27 +135 pips
2008.02.14 16:45 sell usdjpy @ 108.32 108.46 to 108.09 +37 pips
2008.02.14 17:30 buy eurusd @ 1.4615 to 1.4628 +13 pips
2008.02.14 16:45 sell gpbjpy @ 213.12 to 212.61 +51 pips

Total closed: +302 pips

and.... 2 more trades getting close to opening

Have been tweaking 1.6 for some things that were apparent in forward trading that were not so apparent in backtesting.

Need to do a few more backtests then will release. Hopefully tonight.

Neal
  • #62
  • Feb 14, 2008 3:27pm Feb 14, 2008 3:27pm
What can I say, except... Hurry 1.6, Hurry 1.6

Neal, may your generocity be rewarded 1000 fold. Eagerly awaiting.
  • #63
  • Feb 14, 2008 4:03pm Feb 14, 2008 4:03pm
Don't forget to watch the EA Journal to track the histroy if the EA trades (link is in post #1 as well for future reference):

http://www.forexfactory.com/showthread.php?t=69168


Had 1 additional trade today:

2008.02.14 17:30 buy eurusd 1.4615 to 1.4628 +13 pips
  • #64
  • Feb 15, 2008 2:18am Feb 15, 2008 2:18am
attached 1.jpg and 2.jpg

both loss a little bit (but the UT fast 1 is still uptrend)

if it didn't cut loss, both may have 30+ pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.JPG Size: 84 KB
Click to Enlarge Name: 2.JPG Size: 93 KB
  • #65
  • Edited 7:48am Feb 15, 2008 2:56am | Edited 7:48am
Quoting nealc99
Don't forget to watch the EA Journal to track the histroy if the EA trades (link is in post #1 as well for future reference):

http://www.forexfactory.com/showthread.php?t=69168


Had 1 additional trade today:

2008.02.14 17:30 buy eurusd 1.4615 to 1.4628 +13 pips
impressive results, waiting forward for the release

on my side the 1.5 is losing 269$ and have +9$ in floating...

Quoting cashfinder
attached 1.jpg and 2.jpg

both loss a little bit (but the UT fast 1 is still uptrend)

if it didn't cut loss, both may have 30+ pips
Do not cut the losses, the reason is why having an EA if you have to constantly monitor it

Also it is demo trading so just let it run...

Edit : the ea is now down to -90$ but with a floating loss of 100$ so it has made part of it's previous loss
  • #66
  • Feb 15, 2008 8:10am Feb 15, 2008 8:10am
Dear melpheos,

I meant cut loss was done by the EA.

Sorry for my poor English -> misunderstanding

I am waiting for version 1.6^^



My the way,

I have USD/JPY , EUR/JPY, GPB/JPY , all of them should have short entry signals. But the EA only short GPB/JPY and gain 117 pips.
Attached Images
  • #67
  • Edited 8:36am Feb 15, 2008 8:24am | Edited 8:36am
Quoting cashfinder
Dear melpheos,

I meant cut loss was done by the EA.

Sorry for my poor English -> misunderstanding

I am waiting for version 1.6^^



My the way,

I have USD/JPY , EUR/JPY, GPB/JPY , all of them should have short entry signals. But the EA only short GPB/JPY and gain 117 pips.
no no sorry, it was me, i read to quickly your post. You said "it" i read "i"

But the EA do not cut the losses in fact, it is a signal to close the trade whatever the result is.

I wait impatiently to see what nealc99 has cooked for the 1.6

Ps : to the contrary of you, the EA on my plateform took the EurYen but did not took the GY ??? Weird...
  • #68
  • Feb 15, 2008 9:40am Feb 15, 2008 9:40am
I had v1.5 set to run on EU, EJ, GJ, UJ overnight while I slept (I'm in Hawaii, which is GMT -10). Got up this morning an found a successful night. The EA took 6 trades since 6 AM GMT. 3 wins and 3 losses. There are two additional open positions, both positive the last I looked. Losing trades came to -53 pips. Winning trades ran for 278 pips.

On closer inspection I noted what seemed to be a couple of missed trades, and of note, EU lost on both trades it took, and completely missed a vary long up trend.

The two open positions are currently around +50 pips.
  • #69
  • Feb 15, 2008 9:52am Feb 15, 2008 9:52am
Yeap so this EA should be very profitable in a long run with fixed lots. (If MM enabled the result should be even better) I run in IBFX demo account for 24 hours with 3 pairs and 1 mini lot per trade, my balance up USD76 now.

The missed trades I suggest is the "mind" of the EA tell that its not a suitable entry. As neal say in HERE that there are viturally no setting required. StopLoss, TakeProfit and exits are completley handled by the EA. UT Fast maybe only one of the EA's indicator, there might be other indicators also agree in order to enter a trade.

I also think that this EA is most suitable for trading yen related pairs now.

Its better waiting for neal to answer our questions.

Many thx to neal. I am exciting for v1.6
Attached Image
  • #70
  • Feb 15, 2008 10:03am Feb 15, 2008 10:03am
Quoting Qman
I had v1.5 set to run on EU, EJ, GJ, UJ overnight while I slept (I'm in Hawaii, which is GMT -10). Got up this morning an found a successful night. The EA took 6 trades since 6 AM GMT. 3 wins and 3 losses. There are two additional open positions, both positive the last I looked. Losing trades came to -53 pips. Winning trades ran for 278 pips.

On closer inspection I noted what seemed to be a couple of missed trades, and of note, EU lost on both trades it took, and completely missed a vary long up trend.

The two open positions are currently around +50 pips.
EJ GJ and UJ are highly correlated, i'm testing with several ATM just to get a rough idea of the results but if you want to trade a Yen pair, go for only one (geppy would be the best one due to the volatility)
  • #71
  • Feb 15, 2008 10:57am Feb 15, 2008 10:57am
Thank you all for your kind words on the EA.

I'm not ignoring you, just FIGHTING with 1.6 to try to balance things. You know how it goes, you create 1 exit condition and it has a ripple effect on the other conditions you already have (i.e. close a trade under 1 condition translates into a previous big winning trade does not take place due to the signal timing.)

I find GBP/JPY works best and have had success with USD/JPY.

One KEY to if a pair will do good or not is to put the UT_FAST1 indicator on a chart. If you see lots of good consistant movement from the bottom (0) to the top (31) and down (31 to 1) it will be a decient pair.

If you see frequent failed signals (see image below) where it starts off good (at 0 or 31) but then comes back down to the signal area without going to the other side. You will see EUR/USD do this if you put the indicator on the chart and scroll back (15m chart).

To see a good pair, you'll see more consistant sine wave activity (going from 0-31 and 31-0).

USD/CHF for example is not a good pair to trade. Below you see there is too much "junk" of failed signals. There was one clean signal, but of course the EA would now know the "junk" ones were going to fail so it would try to take them.

v1.6 EA Status & Release Schedule

I know you all are wanting v1.6 extremely bad . I will release it over the weekend sometime. I wanted to get it out today, but am trying to optimize it and fix 1 or 2 quirks that occur occasionaly.

Thanks for your support!
Neal
Attached Image (click to enlarge)
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  • #72
  • Feb 15, 2008 11:58am Feb 15, 2008 11:58am
Hi Neal, Thanks for your insight and hard work, you are very kind to assist traders in the community..Regards
  • #73
  • Feb 15, 2008 12:07pm Feb 15, 2008 12:07pm
Quoting traderjane
Hi Neal, Thanks for your insight and hard work, you are very kind to assist traders in the community..Regards

LOL, thank you. Well I have my own motives. Primarily I want a good system to use under varied circumstances resulting in a profit on a variety of pairs.

Speaking of pairs, I'm waiting on an optimization to run so I took a quick glance at some of the currency pairs and the following MAY work moderately under this EA.

GBPUSD* - USDJPY* - USDCAD* - GBPCHF
GBPJPY* - EURJPY - EURCAD* - GBPNZD

* = will probabbly focus on these pairs, they seemed to have the most promise

STAY AWAY FROM: EURUSD - NZDUSD - They may have good days and bad days but over all do not produce good entry/exit signals
  • #74
  • Feb 15, 2008 1:17pm Feb 15, 2008 1:17pm
Will we have to change any of the settings with V1.6 or can we just leave it running ?
  • #75
  • Feb 15, 2008 1:43pm Feb 15, 2008 1:43pm
Quoting vincent001
Will we have to change any of the settings with V1.6 or can we just leave it running ?
The options available will be the START and STOP trading time. By default they will be 0 and 23 (24hr trading).

There may be another or two - hasn't been determined as of yet.

Esentially you would not change setting but could use the defaults (doesn't matter what currency pair).
  • #76
  • Feb 15, 2008 5:03pm Feb 15, 2008 5:03pm
Thanks Neal !
  • #77
  • Feb 15, 2008 11:24pm Feb 15, 2008 11:24pm
When are you posting 1.6, Neil ? We've all been waiting ages for this.
May the good Lord bless you and give back to you multiple blessings.
  • #78
  • Feb 15, 2008 11:32pm Feb 15, 2008 11:32pm
Quoting vincent001
When are you posting 1.6, Neil ? We've all been waiting ages for this.
May the good Lord bless you and give back to you multiple blessings.
Well that's a long story....

Tonight I was doing some backtesting for Nov, Dec 7 Jan with v1.6 - I don't want to discuss the results LOL. v1.5 blew it away by miles.

I'm currently regrouping and taking v1.5 as a base and putting 1 feature at a time in till I find the ones that work the best without sacrificing tons of profit.

I hope tomarrow afternoon sometime.
  • #79
  • Feb 15, 2008 11:47pm Feb 15, 2008 11:47pm
Neal, we all know you're a bit of a genius so I'm sure you'll work it out !
  • #80
  • Feb 16, 2008 4:05am Feb 16, 2008 4:05am
Quoting nealc99
Well that's a long story....

Tonight I was doing some backtesting for Nov, Dec 7 Jan with v1.6 - I don't want to discuss the results LOL. v1.5 blew it away by miles.

I'm currently regrouping and taking v1.5 as a base and putting 1 feature at a time in till I find the ones that work the best without sacrificing tons of profit.

I hope tomarrow afternoon sometime.
Whoa that's great news but do not forget that backtesting cannot really compare to foward testing

If you post the 1.6 this week end, i will have it run forward a few weeks (if you do not publish another version by then ^^ ) 24/5 on my work PC

Also i'll post the results of the 1.5 for several days 24/24 last weeks on monday.
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