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Quest 100 System

  • #101
  • Feb 23, 2008 9:49am Feb 23, 2008 9:49am
Neal nice work on the ea. How about 5 days. That seems to be a good starting point. Not to long and not to short.


Quoting nealc99
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.
  • #102
  • Feb 23, 2008 10:22am Feb 23, 2008 10:22am
How about a winning EA designed especially for the AUD/USD and NZD/USD markets, Neal ? Not an easy task.

Neal. When will you be releasing the final non demo Quest version ?
  • #103
  • Feb 23, 2008 10:38am Feb 23, 2008 10:38am
Quoting vincent001
How about a winning EA designed especially for the AUD/USD and NZD/USD markets, Neal ? Not an easy task.

Neal. When will you be releasing the final non demo Quest version ?
Standard template (Questv_1.1) found on Post #1 appears to fit correctly on AUD/USD & NZD/USD so the EA currently will work with them.

Out of DEMO phase will probably not be for 30 days yet - it is too new and too temperamental to be traded on a LIVE account at this time.

EA v1.1 will be a lot more profitable than v1.01 is. Not sure when v1.1 will be available. Trying to shoot for Tuesday - but may be later. Need to have a day or two of forward testing before release. Things act differently with forward data than it backtesting.
  • #104
  • Feb 23, 2008 10:55am Feb 23, 2008 10:55am
Hi Neal,

Do you have an indicator in MQ 4 format for this method as I would like to trade this manually. The method looks very sound & I'd like to give it a go, but not much into ea's. Thanks for sharing.

AceTrader
  • #105
  • Feb 23, 2008 10:58am Feb 23, 2008 10:58am
By the way Neal, do the starting and ending hours need to be changed for the other pairs ? I'm just running your system at the times stipulated by yourself (with adjustment).

Yes, I agree, I'd want to be reasonably comfortable knowing that it has a good chance of winning before applying it to a real money account.

What can you do to improve on 1.01 ?

It is a good system but may be more suitable to certain pairs only.
  • #106
  • Feb 23, 2008 11:04am Feb 23, 2008 11:04am
Quoting acetrader
Hi Neal,

Do you have an indicator in MQ 4 format for this method as I would like to trade this manually. The method looks very sound & I'd like to give it a go, but not much into ea's. Thanks for sharing.

AceTrader
Don't have an indicator, but the templates are listed in Post #1 which can give you visual indicatiors as when to get into a trade. Like system, getting out relys on your existing exit strategies you may use.
  • #107
  • Feb 23, 2008 11:07am Feb 23, 2008 11:07am
Quoting vincent001
By the way Neal, do the starting and ending hours need to be changed for the other pairs ? I'm just running your system at the times stipulated by yourself (with adjustment).

Yes, I agree, I'd want to be reasonably comfortable knowing that it has a good chance of winning before applying it to a real money account.

What can you do to improve on 1.01 ?

It is a good system but may be more suitable to certain pairs only.
Times: I would say the times should be ok - most volume of trading is done in the London/USA sessions.

Tweaking EA:

You could run a backtest checking different values for Sensitivity, StopLoss and StopDistance. These are what would effect the current pair your may be trading (I'd say a 3 month backtest).
  • #108
  • Feb 23, 2008 11:11am Feb 23, 2008 11:11am
Neal,

Thanks for the reply. I'lll give that a try.
  • #109
  • Feb 23, 2008 11:12am Feb 23, 2008 11:12am
cheers
  • #110
  • Edited 12:02pm Feb 23, 2008 11:43am | Edited 12:02pm
Quoting vincent001
How about a winning EA designed especially for the AUD/USD and NZD/USD markets, Neal ? Not an easy task.

Neal. When will you be releasing the final non demo Quest version ?
Thank you Vincent for asking about the AUD/USD & NZD/USD.

While looking at those pairs with the template zoomed way out, I seen a pattern that I hadn't seen with it zoomed in.

It's funny how the mind focuses on looking for a specific thing and completely misses something obvious (just because your not looking for it).

On a regular basis, there is retracement that we could be taking advantage of. When the market goes ABOVE the +18 level of the 89SMA and then starts back down, it many times will go down to the -18 level of the 89SMA. This may be a prime opportunity for buys/sells on retracement.

PLUS it's the "launching pad" for when the market moves to the +89/-89 levels of the 89SMA (brown lines - banks of the river).

P.S. - I accidently put -20/+20 on the image instead of -18/+18
Attached Image (click to enlarge)
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  • #111
  • Feb 23, 2008 10:51pm Feb 23, 2008 10:51pm
Hello Everyone,

For some reason I'm having trouble manually applying the SMA 89 as explain in Post #2. Would some expain how to do this. I thought I knew, but so far not able to apply them to the chart. I would like to give this method a try trading it manually & not with the EA.

Thanks for any help given.

AceTrader
  • #112
  • Feb 23, 2008 11:04pm Feb 23, 2008 11:04pm
Now THAT is interesting, I'll have a close look at that Neal !
  • #113
  • Feb 23, 2008 11:08pm Feb 23, 2008 11:08pm
By the way Neal that chart you put up is the USD/JPY chart and not the NZD/USD or AUD/USD
  • #114
  • Feb 24, 2008 5:15am Feb 24, 2008 5:15am
Quoting vincent001
By the way Neal that chart you put up is the USD/JPY chart and not the NZD/USD or AUD/USD
That's a benifit - means it happens in other pairs as well. Spotted it on NZD/USD and AUD/USD when I was testing the template levels.
  • #115
  • Feb 24, 2008 5:20am Feb 24, 2008 5:20am
Quoting acetrader
Hello Everyone,

For some reason I'm having trouble manually applying the SMA 89 as explain in Post #2. Would some expain how to do this. I thought I knew, but so far not able to apply them to the chart. I would like to give this method a try trading it manually & not with the EA.
Hope the attached images help - I know Levels can be confusing sometimes till you've done them once.
Attached Images
  • #116
  • Feb 24, 2008 6:16am Feb 24, 2008 6:16am
Quoting nealc99
On a regular basis, there is retracement that we could be taking advantage of. When the market goes ABOVE the +18 level of the 89SMA and then starts back down, it many times will go down to the -18 level of the 89SMA. This may be a prime opportunity for buys/sells on retracement.
Good catch. I will look more into this.
  • #117
  • Feb 24, 2008 8:13am Feb 24, 2008 8:13am
Neal,

Check out this link for auto optimization. It is from the mql website. Not sure if it can help you. Maybe it will.

http://articles.mql4.com/506

Jeff

Quoting nealc99
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.
  • #118
  • Feb 24, 2008 8:46am Feb 24, 2008 8:46am
Quoting azjeff
Neal,

Check out this link for auto optimization. It is from the mql website. Not sure if it can help you. Maybe it will.

http://articles.mql4.com/506

Jeff
Very intereting reading - will see if I might be able to integrate it somehow (may be a version or two from now).

Neal
  • #119
  • Feb 24, 2008 12:13pm Feb 24, 2008 12:13pm
Neal. Can you please improve on your demo and upload a file for "live trading". I like your EA even though I don't reccommend it for all pairs.
  • #120
  • Feb 24, 2008 12:46pm Feb 24, 2008 12:46pm
Quoting vincent001
Neal. Can you please improve on your demo and upload a file for "live trading". I like your EA even though I don't reccommend it for all pairs.
Working on it - LOL

We will be going in "baby steps" with DEMO for a few weeks. v1.1 will contain a single profitable strategy.

The first strategy is where the market is REPELLED by the 13SMA and stays it's distance. Once the market turns, exit the trade.

An EA environment is like the River we trade. It has many trades (fish) that move arround in it. When we introduce a new breed (strategy) we first must be sure that the new breed doesn't disturb the old breed's environment and cause it to suffer negative consequences.
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