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Quest 100 System

  • #141
  • Feb 25, 2008 9:16am Feb 25, 2008 9:16am
Quoting nealc99
"StopDistance" has influence on the stop loss. It is the amout of pips + or - from the 13EMA.

Stops start updating once the market is under/over the 13EMA and the trade is in profit.
Just had a look on 2 orders that closed with a small loss (-4 and -1 ) and they went respectively to +66 and +45 before reversing.

I will let the EA run for at least two weeks but for what i see untill now SL logic needs refinement

I think as an additional, we would be a good idea to set a value of winning from which at least BE should be set (for example 30 pips in gain => BE )

My personnal strategy is to allways enter at least .2 lots, close .1 @ +30 and set BE on the residual order and let it run.
  • #142
  • Feb 25, 2008 9:20am Feb 25, 2008 9:20am
Quoting Cmartin371
I see that you had a couple of orders placed with out the T/P set. Was that you that set it, or is the new version of the EA still doing this? Thanks
I am using version v1.01 and ea deleted the TP at one point ... i didn't modified anything
  • #143
  • Feb 25, 2008 10:16am Feb 25, 2008 10:16am
People. What are the best pairs to use this system with ? I personally have found the USD/JPY and EUR/JPY to be quite good.

It's been a bad day for 1.01 I'm afraid. The fundamentals have really hit the different pairs quite hard. As usual the EUR/USD has performed miserably.

Neal, we need a better version.
  • #144
  • Feb 25, 2008 10:18am Feb 25, 2008 10:18am
Yes we need people's input as to what are the best settings and pairs to use for this EA.
  • #145
  • Feb 25, 2008 10:23am Feb 25, 2008 10:23am
Neal what's that link to Oanda's clock again for setting the time in line with my Broker ?
  • #146
  • Feb 25, 2008 11:22am Feb 25, 2008 11:22am
Quoting vincent001
Neal what's that link to Oanda's clock again for setting the time in line with my Broker ?
Forex Clock: http://fxtrade.oanda.com/resources/fxmarkethours/

I appreciate the turmoil the market has been in today (due to testing). Testing v1.1 and am making several adjustments in logic. Getting IN trades is fine, it the aborting bad ones and maximising profit logic that is best adjusted in forward testing.

Todays results:

Quest100_v1.1 EA (in testing)

2008.02.25 10:00 sell gbpusd @ 1.9624 to 1.9633 -9 pips
2008.02.25 12:15 buy usdchf @ 1.0906 to 1.0861 -45 pips (stopped out)
2008.02.25 11:48 sell usdcad @ 1.0081 to 1.0015 +66 pips
2008.02.25 12:00 buy usdjpy @ 107.74 to 107.83 +9 pips
2008.02.25 16:00 buy eurusd 1.4830 to 1.4830 +0 pips
2008.02.25 16:00 buy @ gbpusd 1.9685 to 1.9678 -7 pips
2008.02.25 15:45 sell @ usdchf 1.0867 to 1.0873 -6 pips
Net +8 pips (at least it wasn't a loseing day - lol)

Have made some adjustments to take out of a trade sooner so hopefully will be better tomarrow (trade hour settings for this version is currently 8:00-18:00).

With the exception of the one that was just a plain old bad trade (even from manual standpoint), at least the losses are small.
  • #147
  • Feb 25, 2008 11:27am Feb 25, 2008 11:27am
Quoting nealc99
Forex Clock: http://fxtrade.oanda.com/resources/fxmarkethours/

I appreciate the turmoil the market has been in today (due to testing). Testing v1.1 and am making several adjustments in logic. Getting IN trades is fine, it the aborting bad ones and maximising profit logic that is best adjusted in forward testing.

Todays results:

Quest100_v1.1 EA (in testing)

2008.02.25 10:00 sell gbpusd @ 1.9624 to 1.9633 -9 pips
2008.02.25 12:15 buy usdchf @ 1.0906 to 1.0861 -45 pips
2008.02.25 11:48 sell usdcad @ 1.0081 to 1.0015 +66 pips
2008.02.25 12:00 buy usdjpy @ 107.74 to 107.83 +9 pips
2008.02.25 16:00 buy eurusd 1.4830 to 1.4830 +0 pips
2008.02.25 16:00 buy @ gbpusd 1.9685 to 1.9678 -7 pips
2008.02.25 15:45 sell @ usdchf 1.0867 to 1.0873 -6 pips
Net +8 pips (at least it wasn't a loseing day - lol)

Have made some adjustments to take out of a trade sooner so hopefully will be better tomarrow (trade hour settings for this version is currently 8:00-18:00).
Result closed for me +70 pips and +170 is floating so it would have been +240 and even +300 if i had close some trade instead of letting the EA manage it but that does not matter. The more important thing is to see if the EA can be positive week after week without any human intervention.

For the moment, it is set on a lot of pairs (12 pairs) but without any specific settings except eurgbp. Also i have set the open/close hour from 1 to 23 instead of the default.
  • #148
  • Feb 25, 2008 11:29am Feb 25, 2008 11:29am
There's a GOOD setup coming (to trade manually).

USD/CAD

Once the candle CLOSES above both the 13SMA and the -89 level (brown line) it will be back inside the river banks and headed up!

Enter trade and once +30 profit set a 25pip trailing stop and forget about it.

Taking retracement from the outer banks (-89 & +89 levels --- brown lines) are the safest trades in this whole strategy. Also DON'T PANIC on these if you get in and it goes down 20-30 pips.... it will come back.
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  • #149
  • Feb 25, 2008 12:33pm Feb 25, 2008 12:33pm
Nealc your ea opened perfectly this long trade usdcad
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  • #150
  • Feb 25, 2008 12:54pm Feb 25, 2008 12:54pm
Well I'm an FX Dealer Neal so I can tell you that the Fundamentals will always be a "thorn in the side" of any EA based on technicals. In saying that losses can be minimized.

There is some important reports due out of the US later this week so expect increased volatility.
  • #151
  • Feb 25, 2008 5:42pm Feb 25, 2008 5:42pm
And.... there is absolutely nothing wrong with manually closing any EA's trades according to one's own management plan. EAs are just tools, like indicators, patterns, price action, etc... We are not to be "owned" by them...

That said, I'm all for brilliance in this EA!! And we all simply have to give Neal TIME.... no push for a "better" EA, he's already doing that. No push for a "live" EA... he's already doing that to... nice, supportive, constructive feedback... that is what is helpful at this point...

As a fellow EA developer, let him breath and work... after all, it's all free, GEEZ!!!
  • #152
  • Feb 26, 2008 2:11am Feb 26, 2008 2:11am
Quoting nealc99
I agree when "testing" an EA. When "using" an EA to make money, the human has so much more knowlege of things an EA may not be programmed for that closing manually is a good idea.

Let's say your coming up on a Daily/Monthly Support/Resestance barirer. The EA doesn't know that and it might be a good idea to keep an eye on things and close out manually depending on where the market goes.

absolutely agree, but premature closing could damage your money management - alot of traders have this problem, when they see even small profit they close the trade and bank it, but when there is loss they let it ride and ruin their acc.
Since there is a stop loss in this system there is no danger in some losses getting too big, but if you close every so often too early it could reduce profits.

Of course if there is some great resistance on the road of open trades and trade is in profit but all other circumstances show that it is more likely to fail then close it by all means.
  • #153
  • Edited 2:58am Feb 26, 2008 2:15am | Edited 2:58am
Whoa

Several small looser and some big winners. But it has -47 floating loss atm.

It definitely has issue moving faster the SL but i see a lot potential. I have to say that the strategy is good from the beginning.

Edit : crap, for unkown reasons my account is not valid anymore using Mig demo server :/ I have to create a new one and start from scratch again...
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  • #154
  • Feb 26, 2008 5:45am Feb 26, 2008 5:45am
I'm still here people

Even though I'm off in the background trying to tweak v1.1 in forward testing I haven't forgotten about you.

Believe me, a SUCCESSFUL EA is the heaviest thing on my mind as well at the moment. I have a FUNDED LIVE account sitting in the background just dieing to be traded, so I have motivation to make this thing work.

I have learned TONS of things in the process of developing this method and some of them I'll be sharing with you in the near future. Would you think I was deranged to tell you that EMA's have "Oras" - LOL - will show you what I mean in the near future.

Right now I'm analyzing to see if the "Oras" have any correlation with each other and how they interact when you have more than 1 EMA in operation. This may be an important key to keeping us OUT of bad trades and getting INTO good trades earlier.

Well sometimes it takes a deranged person to "think outside the box" and not operate within the walls of conventional thinking. How do you think we have some of the wonderful indicators we have today.
  • #155
  • Feb 26, 2008 6:38am Feb 26, 2008 6:38am
Hello Neal and all,

Could someone explain to me why this particular trade was triggered? I am using the most recent EA with defaults settings except for the gmt adjustment. If you look below you will see that it was triggered at 10:15....I don't see the logic behind it based on the entry rules per Neal. Please correct me if I am mistaken.

Thanks
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Unus pro omnibus, omnes pro uno
  • #156
  • Feb 26, 2008 6:48am Feb 26, 2008 6:48am
Quoting moneda
Hello Neal and all,

Could someone explain to me why this particular trade was triggered? I am using the most recent EA with defaults settings except for the gmt adjustment. If you look below you will see that it was triggered at 10:15....I don't see the logic behind it based on the entry rules per Neal. Please correct me if I am mistaken.

Thanks
The price broke the EMA more than X pips and the short was triggered.... I guess :?

+90$ in floating gain on the new account.
  • #157
  • Feb 26, 2008 6:49am Feb 26, 2008 6:49am
Quoting moneda
Hello Neal and all,
Could someone explain to me why this particular trade was triggered? I am using the most recent EA with defaults settings except for the gmt adjustment. If you look below you will see that it was triggered at 10:15....I don't see the logic behind it based on the entry rules per Neal. Please correct me if I am mistaken.
Thanks
The EA is evolving and being refined faster than the template is updated (my bad).

There is a DANGER ZONE arround the 89SMA (+20/-20) where you get a lot of whipsaw so it will not initiate a trade in that zone even if it has a valid signal.

Once it is past the danger zone and BELOW the 13SMA it looks for 2 PREVIOUS LOWER HIGHS (to further establish a down trend) then it enters the trade.

That appears to be what is seen in the chart.
  • #158
  • Edited 7:27am Feb 26, 2008 7:08am | Edited 7:27am
Quoting nealc99
The EA is evolving and being refined faster than the template is updated (my bad).

There is a DANGER ZONE arround the 89SMA (+20/-20) where you get a lot of whipsaw so it will not initiate a trade in that zone even if it has a valid signal.

Once it is past the danger zone and BELOW the 13SMA it looks for 2 PREVIOUS LOWER HIGHS (to further establish a down trend) then it enters the trade.

That appears to be what is seen in the chart.
Neal,

No complains from this end...just sharing information in case it helps you with your efforts (thank you). I understand the danger zone but what I don't understand is why did it enter?......it did not crossed the 89sma(signal line) nor did it go outside the river bank....sorry if I am being thick!

Keep up the good work!
Unus pro omnibus, omnes pro uno
  • #159
  • Feb 26, 2008 7:15am Feb 26, 2008 7:15am
Quoting moneda
Neal,

No complains from this end...just sharing information in case it helps you with your efforts (thank you). I understand the danger zone but what I don't understand is why did it enter?......it did crossed the 89sma(signal line) nor did it go outside the river bank....sorry if I am being thick!

Keep up the good work!
No problem. It is good to have constructive input and to explain why something enters. It might have been that it wasn't supposed to enter and I needed to correct it.

There are several types of trades it can take, "outside" the river banks (+89/-89) is just one of them (and the best one).
  • #160
  • Feb 26, 2008 8:14am Feb 26, 2008 8:14am
EA v1.1 Status

EA is doing fairly well today. Am at approximately +46 pips with no open trades at the moment.

Have a few more minor adjustments to make in forward testing to get us in trades SOONER, then will release (target tomorrow sometime).

Am trading 4 majors & USD/CAD.
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