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Quest 100 System

  • #81
  • Feb 22, 2008 10:43am Feb 22, 2008 10:43am
I am releasing an "interim" EA Quest100_v1.01 which has several bugs and logic fixes. It is on Post #1.

Be sure before removing the old EA you make note of what the MagicNumber you used was so you can use the same number on Quest100_v1.01

Version v1.1 will be sometime next week - not going to rush it like I did v1.0 now that there is at least an EA out there.

I need to think outside of the box and not be trapped by the normal thinking of setting an EA with fixed StopLoss/TakeProfit levels based on backtesting.

Results from the past 3-6 months are no indication as to what went on in the past 60 minutes. It needs to be intelligent enough to "scale" the TP/SL according to the momentum of the current market.

Finding an entry point isn't the difficult part of a sucessful system, finding the propper EXIT is the goose that laid the golden egg.
  • #82
  • Feb 22, 2008 10:58am Feb 22, 2008 10:58am
Looks like a good strategy, reminds me of Firebird strategy, I will forward test with your EA and post feedback. Enclosed you will find an E/U chart with a short trade opened. My understanding is that the EA should wait for the 13 SMA to close below -20 SMA to place the sell trade?

Note: I was very late on setting up the charts and the buy trade was entered late and was stopped out. Stop loss is working perfectly.

TimeFreedom

Quoting nealc99
I am releasing an "interim" EA Quest100_v1.01 which has several bugs and logic fixes. It is on Post #1.

Be sure before removing the old EA you make note of what the MagicNumber you used was so you can use the same number on Quest100_v1.01

Version v1.1 will be sometime next week - not going to rush it like I did v1.0 now that there is at least an EA out there.

I need to think outside of the box and not be trapped by the normal thinking of setting an EA with fixed StopLoss/TakeProfit levels based on backtesting.

Results from the past 3-6 months are no indication as to what went on in the past 60 minutes. It needs to be intelligent enough to "scale" the TP/SL according to the momentum of the current market.

Finding an entry point isn't the difficult part of a sucessful system, finding the propper EXIT is the goose that laid the golden egg.
Attached Image (click to enlarge)
Click to Enlarge Name: quest100_v1.0_eurusd_02-22-08_01.gif Size: 32 KB
  • #83
  • Feb 22, 2008 10:59am Feb 22, 2008 10:59am
Hi nealc thanks for explanations.....so' if i want trade many pairs in the same platform do i have to change magic number for each pair ?
Thanks for your time
  • #84
  • Feb 22, 2008 11:16am Feb 22, 2008 11:16am
Quoting gioviforex
Hi nealc thanks for explanations.....so' if i want trade many pairs in the same platform do i have to change magic number for each pair ?
Thanks for your time

That's correct. A MagicNumber tells an EA what trades belong to it.

So you could do something like this:

Chart 1 - EUR/JPY - Magic#: 101
Chart 2 - USD/JPY - Magic#: 102
Chart 3 - GBP/USD - Magic#: 103

Putting the same (or different) EA's on a chart and giving them a different MagicNumber allows them to trade independently of one another.

Once the EA is in a stable condition, this will be the way you will want to run for LIVE trading. This way it gives you more trading opportunities.

My theory is to get a good EA that reliablly earns 20-30 pips a day and put it on multiple currencies.

That way 20-30 pips/day on 4 pairs = 80-120pips/day (100 pips/day is my goal).

Of course by accident since you are already in a trade, there will be times 1 pair might make 50-100 pips all on it's own if it is open in the right direction when the market decided to make a big move.
  • #85
  • Feb 22, 2008 11:20am Feb 22, 2008 11:20am
Quoting gioviforex
Hi nealc thanks for explanations.....so' if i want trade many pairs in the same platform do i have to change magic number for each pair ?
Thanks for your time
yes, otherwise the EA will totally f*ck up ^^
  • #86
  • Feb 22, 2008 11:28am Feb 22, 2008 11:28am
thanks for the help guys
  • #87
  • Feb 22, 2008 11:51am Feb 22, 2008 11:51am
Correct me if I'm wrong but shouldn't I have a TP on this?
Attached Image (click to enlarge)
Click to Enlarge Name: tp.JPG Size: 165 KB
  • #88
  • Feb 22, 2008 12:03pm Feb 22, 2008 12:03pm
Quoting seamonkey
Correct me if I'm wrong but shouldn't I have a TP on this?
Yes. It was a bug in v1.0 (sometimes it didn't). v1.01 corrects that (but may not put one on an existing trade. Once it starts moving in the right direction it will begin updating the SL & TP then it will have one.
  • #89
  • Feb 22, 2008 12:51pm Feb 22, 2008 12:51pm
Hi Neal

I had it running last night with 50/50 success.

Basically, I had profits on USD/CHF, EUR/JPY and USD/JPY.

The EUR/USD pair was a disaster.

Neal. What pairs do you reccommend using the standard template ?
  • #90
  • Feb 22, 2008 1:02pm Feb 22, 2008 1:02pm
Quoting vincent001
Hi Neal

I had it running last night with 50/50 success.

Basically, I had profits on USD/CHF, EUR/JPY and USD/JPY.

The EUR/USD pair was a disaster.

Neal. What pairs do you reccommend using the standard template ?
The EA is being developed on the USD/JPY pair specifically.

I don't have a problem with running it on the 4 majors - any pair may have good/bad days. The goal would be to have a positive gain amoungst the pairs you are trading.
  • #91
  • Feb 22, 2008 1:13pm Feb 22, 2008 1:13pm
Well it's a very good EA that's for sure. I basically left all the above pairs running from 9 GMT - 16 GMT (IBFX) which corresponds to my settings with Oanda.

Well done on a great start Neal. I'll be trialing V1.01 on Monday.

By the way, and excuse my ignorance here, but what is the Gold template for ?

I think this may be your best EA yet and it can only get better.
  • #92
  • Feb 22, 2008 1:23pm Feb 22, 2008 1:23pm
Quoting vincent001
Well it's a very good EA that's for sure. I basically left all the above pairs running from 9 GMT - 16 GMT (IBFX) which corresponds to my settings with Oanda.

Well done on a great start Neal. I'll be trialing V1.01 on Monday.

By the way, and excuse my ignorance here, but what is the Gold template for ?

I think this may be your best EA yet and it can only get better.
GOLD is a precious metal that some brokers allow you to trade like a currency pair. It is based on the price of Gold and is very volatile. Your broker may not have it available to trade.
  • #93
  • Feb 22, 2008 1:50pm Feb 22, 2008 1:50pm
Looks like I won't be trading Gold then !
  • #94
  • Feb 22, 2008 1:53pm Feb 22, 2008 1:53pm
Just as a matter of interest Neal, what pairs have you identified during your analysis that are more favourable apart from USD/JPY ?
  • #95
  • Feb 22, 2008 2:40pm Feb 22, 2008 2:40pm
Quoting vincent001
Just as a matter of interest Neal, what pairs have you identified during your analysis that are more favourable apart from USD/JPY ?
The "templates" look like the same principals fit throught the 4 majors. As for backtesting I do it on USD/JPY. As for forward testing I'm doing the 4 majors and USD/CAD.

GBP/JPY and GOLD are not currently supported by the EA but will be in the future (probabbly 2-3 versions from now).

The GJ and GOLD templates indicate they somewhat follow the same patterns, it's just the setting have to be dramatically increased for them.
  • #96
  • Feb 22, 2008 3:09pm Feb 22, 2008 3:09pm
Quoting vincent001
Well it's a very good EA that's for sure. I basically left all the above pairs running from 9 GMT - 16 GMT (IBFX) which corresponds to my settings with Oanda.

Well done on a great start Neal. I'll be trialing V1.01 on Monday.

By the way, and excuse my ignorance here, but what is the Gold template for ?

I think this may be your best EA yet and it can only get better.
Same here, i will put it on a new account (again ^^ nealc work too fast ) on monday so the statement is clean.
  • #97
  • Feb 22, 2008 4:10pm Feb 22, 2008 4:10pm
Excuse me, but the templates on page 1 are not downloadable.
  • #98
  • Feb 22, 2008 4:26pm Feb 22, 2008 4:26pm
Quoting rcbarlow
Excuse me, but the templates on page 1 are not downloadable.
They don't download like EA's do.

Template downoad instructions: http://www.forexfactory.com/showpost...1&postcount=26

By the way, has anyone seen "How to" movies on how to download/install a template or EA? Would be nice to add them to the reference area in post #1. I know several people have problems with it.

If not, all you Camtasia people out there get to work and make one! LOL (p.s. and don't ask what Camtasia is if you don't know).

Neal
  • #99
  • Feb 22, 2008 5:14pm Feb 22, 2008 5:14pm
Quoting nealc99
By the way, has anyone seen "How to" movies on how to download/install a template or EA? Would be nice to add them to the reference area in post #1. I know several people have problems with it.

If not, all you Camtasia people out there get to work and make one! LOL (p.s. and don't ask what Camtasia is if you don't know).

Neal
Here's one on installing an EA.

Inserted Video
  • #100
  • Feb 23, 2008 11:22am Feb 23, 2008 11:22am
Hmm.... I hate it when I have these off the wall ideas to solve problems.

PROBLEM: Backtesting to produce average parameters over a period of time (i.e. 6mo or 1yr) to use as current settings for a forward operating EA.

POSSIBLE SOLUTION: How about a "self-optimizing" EA that daily reviews say the past 3 days data to recalculate the optimum settings to use. This gives fresh settings based on recent activity to hopefully closer anticipate future patterns.

Just food for thought - in my gut I feel I can code it, but we'll see

FEED BACK REQUEST: Do you think 3 days is enough, or should it be 7 days, 1 month? What are your feelings. Keep in mind if you go too far back you lose the "freshness" of what's happening in today's market.
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