My EA shows from $500 to $59K in one year | Forex Factory

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Attachments: My EA shows from $500 to $59K in one year
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My EA shows from $500 to $59K in one year

  • #1
  • First Post: Edited Feb 21, 2008 4:16pm Feb 17, 2008 5:11am | Edited Feb 21, 2008 4:16pm
Frankly, this is highly optimized on back data and using very poor money management. (Despite the fact that the max draw down is 240 pips)

Now if someone would be so kind to backtest with M1 data as far as you can that would be great!

use the following settings:

window_size=17;
max_crosses=0;
do_buy=true;
do_sell=false;
initial_stop=60;
TSL=180;
trail_step=0;
TP=500;
TL_GAP=15;
cash_per_lot=17;
allow_micro_lots=true; hours_to_wait_between_trades=6;
BE=35;
BE_pips=10;
dip_pips=0;
tl_min_profit=20;



cash_per_lot should be set to $250 for micro lots and $2,500 for mini lots for proper money management.

What this means is that it will purchase 1 mini lot per $2.5K of your acct balance.

Let me know if you have any questions!
Attached Image (click to enlarge)
Click to Enlarge Name: BH_Trender.gif Size: 8 KB
  • #2
  • Feb 17, 2008 12:48pm Feb 17, 2008 12:48pm
This EA uses trend lines only to initiate trades. I found good setups that show profitable for period 2004 - present.

I'm not sure if this should be moved in trading systems if I want to dive into the method used...
  • #3
  • Feb 17, 2008 1:36pm Feb 17, 2008 1:36pm
Quoting charlinks
This EA uses trend lines only to initiate trades. I found good setups that show profitable for period 2004 - present.

I'm not sure if this should be moved in trading systems if I want to dive into the method used...
Did you write this or have it written, or is it a commercial product?
  • #4
  • Feb 17, 2008 2:01pm Feb 17, 2008 2:01pm
Yes I wrote this. It's fate is unknown.

I may decide to open it up so other people can improve.
  • #5
  • Feb 17, 2008 2:21pm Feb 17, 2008 2:21pm
Quoting charlinks
Yes I wrote this. It's fate is unknown.

I may decide to open it up so other people can improve.
Well one thing good about it is that it is not a martingale...
  • #6
  • Feb 17, 2008 2:36pm Feb 17, 2008 2:36pm
Quoting charlinks
Yes I wrote this. It's fate is unknown.

I may decide to open it up so other people can improve.

Charlinks,

Can you attached your mq4 file ? I try using your setting get error messaged
2008.02.18 03:29:15 2008.02.15 17:45 BH_Trender EURUSD,M15: OrderSend error 130

thanks
  • #7
  • Feb 17, 2008 2:49pm Feb 17, 2008 2:49pm
Quoting Prasono
Charlinks,

Can you attached your mq4 file ? I try using your setting get error messaged
2008.02.18 03:29:15 2008.02.15 17:45 BH_Trender EURUSD,M15: OrderSend error 130

thanks
charlinks, I think you should not post your mq4. Keep it safe and control the process. You should be the only one making changes to the software...
  • #8
  • Feb 17, 2008 2:51pm Feb 17, 2008 2:51pm
Quoting Prasono
Charlinks,

Can you attached your mq4 file ? I try using your setting get error messaged
2008.02.18 03:29:15 2008.02.15 17:45 BH_Trender EURUSD,M15: OrderSend error 130

thanks
What MT4 broker are you using? Most of them are still closed.
  • #9
  • Feb 17, 2008 3:07pm Feb 17, 2008 3:07pm
I think he is backtesting. The problem is that the EA sends a pending buy/sell order, but then the order modify function tries to adjust the order stop loss / take profit before the order was open.

As I messaged to someone else... this is not anything spectacular. It finds support/resistance trend lines and puts an order when they both go in the same direction effectively doing channel trading. It uses stop loss as well as break even at certain levels to limit the loss.
  • #10
  • Feb 17, 2008 3:23pm Feb 17, 2008 3:23pm
Any forward testing?
Nobody cares about backtests. I can show you EAs that go from 200$ to 2 Billion in a Year.
  • #11
  • Feb 17, 2008 3:27pm Feb 17, 2008 3:27pm
Quoting Tjpld
Any forward testing?
Nobody cares about backtests. I can show you EAs that go from 200$ to 2 Billion in a Year.
I just wrote this last night. I will be forward testing.
  • #12
  • Feb 17, 2008 3:38pm Feb 17, 2008 3:38pm
Hrm, am curious... how are you determining trend lines in an EA?
  • #13
  • Feb 17, 2008 7:32pm Feb 17, 2008 7:32pm
Quoting smjones
Well one thing good about it is that it is not a martingale...
When the Relative DrawDown is 94%, Martingale is not needed! IMHO.

Chandra
  • #14
  • Feb 17, 2008 7:44pm Feb 17, 2008 7:44pm
Quoting achandrasekaran99
When the Relative DrawDown is 94%, Martingale is not needed! IMHO.

Chandra
Like I said place $250 for proper money management. return is 100% over a year period of time with 2.4% risk per trade.
  • #15
  • Feb 21, 2008 4:15pm Feb 21, 2008 4:15pm
I got a server so I don't have to worry about power outages, etc...

My EA made it's first live trade with real money last night.

Bought @ 1.4733
Sold @ 1.4788

PROFIT 55 pips
  • #16
  • Feb 21, 2008 4:18pm Feb 21, 2008 4:18pm
Quoting Tjpld
Any forward testing?
Nobody cares about backtests. I can show you EAs that go from 200$ to 2 Billion in a Year.
Show me! Will they be using 90% accuracy?
  • #17
  • Feb 21, 2008 8:42pm Feb 21, 2008 8:42pm
He's talking about something called "OverOptimization" or "curve-fitting"

Here are some simple steps.

  1. Get a trading system
  2. Backtest it
  3. Go over trades and add more indicators/rules to remove losing trades
  4. Repeat steps 2 and 3 until you reach desired profit.
  5. Sell EA.

Ever wondered how some commercial EAs seem too good to be true? Same thing, especially when the seller uses historical tests and yet cannot show live-trading forward testing results.

  • #18
  • Mar 29, 2008 8:58pm Mar 29, 2008 8:58pm
WHERE IS THE FILE??
Fuck Forex Factory
  • #19
  • Mar 30, 2008 8:49pm Mar 30, 2008 8:49pm
Neural Network Trainer, might want to add this to your file :_)

PHP Code
// Prediction 1
if(TheForce15<-5 && TheForce15>-17.77) {
    if(iRSI13_15>20 && iRSI13_15<26) {
             if(iRSI3_15<22){
                  prediction=UP;
            }
      }
}
// Prediction 2
if(TheForce15<-33 && TheForce15>-50) {
    if(iStochastic15D>9.47689185 && iStochastic15D<14.47689185) {
                              prediction=UP;
                  }
}
// Prediction 3
if(TheForce15>10.17 && TheForce15<11.58) {
    if(iStochastic15K>69.4 && iStochastic15K<72.05) {
                  if(iStochastic15D>70 && iStochastic15D<72) {
                      prediction=UP;
                  }
      }
}
Gravity always wins
  • #20
  • Apr 2, 2008 9:17pm Apr 2, 2008 9:17pm
Quoting smjones
Well one thing good about it is that it is not a martingale...
What's wrong with Martingale ??

It seems to work pretty well ...
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