Quest 100 System | Page 12 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The quest for the best forex trading system 28 replies

The quest to be a Millionaire 16 replies

Gio's simple profitable trading quest 6 replies

Quest for Reliable Inexpensive Charting Package that works with Any Broker 4 replies

quest for the simplist trading 8 replies

Attachments: Quest 100 System
Exit Attachments

Quest 100 System

  • #221
  • Feb 27, 2008 5:38pm Feb 27, 2008 5:38pm
Feb 27, 2008 Quest100 v1.1 results

2008.02.27 11:00 buy usdjpy 106.40 to 106.25 -15 pips
2008.02.27 11:05 buy usdjpy 106.27 to 106.41 +14 pips
2008.02.27 12:01 sell eurusd 1.5054 to 1.5048 +6 pips
2008.02.27 13:15 buy usdcad 0.9814 to 0.9820 +6 pips
2008.02.27 12:00 buy usdchf 1.0694 to 1.0681 -13 pips
2008.02.27 11:45 sell gbpusd 1.9905 to 1.9866 +39 pips
2008.02.27 13:30 buy usdjpy 106.34 to 106.22 -12 pips
2008.02.27 13:45 buy usdcad 0.9825 to 0.9807 -18 pips
2008.02.27 14:00 sell eurusd 1.5039 to 1.5058 -19 pips
2008.02.27 14:55 sell gbpusd 1.9864 to 1.9875 -11 pips
2008.02.27 22:03 sell eurusd 1.5115 to 1.5109 +6 pips

Days Total: -17 pips (they all can't be winners I guess)
  • #222
  • Feb 27, 2008 10:22pm Feb 27, 2008 10:22pm
My results for 27.2. on quest v1.01

Not such a good day

EURUSD -8, -15 total=-23
EURJPY -27, -24 total=-51
USDCHF -28, -2, -12 total=-42
GBPUSD -35, -35, 65 total=-5
USDJPY -28 total=-28

and EURGBP still in trade in some small plus+20 pips

All losers amount in totoal to -149 pips on 27.2.2008.

I checked begin and end hour on expert and it is set as default 8-15
  • #223
  • Feb 27, 2008 10:29pm Feb 27, 2008 10:29pm
EA v1.1 will be released TODAY (GMT) (come rain or come shine).

I basically have the final version done and just want to let it run on the London session to make sure it's acting alright.

Am adding 3 pairs for testing - AUD/USD, EUR/CHF & EUR/JPY (because my broker only charges 3 pips so might as well test them out).

INCOMPATIBLE PAIR: EUR/GBP
  • #224
  • Feb 27, 2008 10:41pm Feb 27, 2008 10:41pm
Quoting Ahil
My results for 27.2. on quest v1.01

Not such a good day

and EURGBP still in trade in some small plus+20 pips


All losers amount in totoal to -149 pips on 27.2.2008.

I checked begin and end hour on expert and it is set as default 8-15
I agree - today was not a good day for the EA.

As for the loss (-149 pips) - things are a lot different in v1.1. It has tighter SL's and takes profit in small chunks. So hopefully a single day's loss will be much smaller.
  • #225
  • Feb 28, 2008 12:22am Feb 28, 2008 12:22am
Quoting nealc99
I agree - today was not a good day for the EA.

As for the loss (-149 pips) - things are a lot different in v1.1. It has tighter SL's and takes profit in small chunks. So hopefully a single day's loss will be much smaller.

well looking forward to test it, since it is demo acc I have no problem with losing money

has anyone done backtesting with 90% accuracy, I have done only backtesting with unknown accuracy and it isnt something, but backtests are sometimes very unreliable
  • #226
  • Feb 28, 2008 12:43am Feb 28, 2008 12:43am
Quoting Ahil
well looking forward to test it, since it is demo acc I have no problem with losing money

has anyone done backtesting with 90% accuracy, I have done only backtesting with unknown accuracy and it isn't something, but backtests are sometimes very unreliable
Yes I agree on the backtesting. I have found that results with backtesting this EA are only about 70% reliable (even with 90% data quality).

I think the best thing I've found so far is 3 months at a time. I'm suspecting that if we set our settings with the results of the past 3 months optimized, that may be our best chance for the current month. Will experiment around with that maybe sometime next week.

I still think the best way will be to build in optimization where it determines the best settings say over the past 7 days results. This way the future week can perhaps more accurately be forecast based on the previous 7 days.
  • #227
  • Feb 28, 2008 1:00am Feb 28, 2008 1:00am
Quoting nealc99
I still think the best way will be to build in optimization where it determines the best settings say over the past 7 days results. This way the future week can perhaps more accurately be forecast based on the previous 7 days.

Agree on that because market changes and optimization from time to time would be necesarry thing to maximize gains and prevent losses - that would be called AI (artificial intelligence)
Only thing it becomes more complicated at that stage with optimization (it is a another system within a system)
  • #228
  • Edited 2:36am Feb 28, 2008 1:07am | Edited 2:36am
Quoting nealc99
Sorry guys for the delay in releasing v1.1

Took a nap and slept longer than I had planned. Then found 1 or 2 things I want to get fixed before releasing

Will be released as soon as I get them done.
take your time

The forex will be still here in a few years ^^
  • #229
  • Feb 28, 2008 3:55am Feb 28, 2008 3:55am
Did the markets all take a holiday and just didn't tell us..... EXTREMELY DEAD today.

Must be some earth shaking news event coming out later.
  • #230
  • Feb 28, 2008 4:21am Feb 28, 2008 4:21am
Quoting nealc99
Did the markets all take a holiday and just didn't tell us..... EXTREMELY DEAD today.

Must be some earth shaking news event coming out later.
14:30 (gmt+1) GDP 4th quarter 2007
16:00 Bernanke Speech...

Is it enough ^^
  • #231
  • Feb 28, 2008 4:28am Feb 28, 2008 4:28am
Quoting melpheos
14:30 (gmt+1) GDP 4th quarter 2007
16:00 Bernanke Speech...

Is it enough ^^
Well, will be interesting to see how the EA handles it - think it may do ok since it's calm now and not in any trades.

Only problem is it will get in late and then by the time it senses a signal (since it's 15m based) it'll take the signal but things will be retracing by then - lol

May not be a good EA for news events (of course none of them are really).

Thinking of testing 5m version of EA next week to see how it does.
  • #232
  • Feb 28, 2008 6:06am Feb 28, 2008 6:06am
I have a short order on eurchf up +70 but the EA has yet to update the SL... What's wrong ???
  • #233
  • Feb 28, 2008 6:13am Feb 28, 2008 6:13am
Quoting melpheos
I have a short order on eurchf up +70 but the EA has yet to update the SL... What's wrong ???
Most likley a bug with 1.01 - go ahead and put a manual s/l in if you wish, or a trailing stop through Metatrader.
  • #234
  • Feb 28, 2008 8:05am Feb 28, 2008 8:05am
Hi guys, positions update......if i close now all open positions i am up 100% on account in less of 10 days......
Attached Image (click to enlarge)
Click to Enlarge Name: positions.gif Size: 50 KB
  • #235
  • Feb 28, 2008 8:10am Feb 28, 2008 8:10am
Hi Neal ,in the new ea can you add please a sound alert and pop up when a position is open and also an email message ?
Thanks for your work
  • #236
  • Edited 11:42am Feb 28, 2008 9:08am | Edited 11:42am
By the way..... watch for another posting by that INSANE person about "auras" and the market. He's about to bust his buttons with excitement. More on that later.....

Neal

p.s. - thanks to the person who finally told this INSANE person I had spelled "auras" wrong (had it oras).
  • #237
  • Feb 28, 2008 9:09am Feb 28, 2008 9:09am
Quoting gioviforex
Hi Neal ,in the new ea can you add please a sound alert and pop up when a position is open and also an email message ?
Thanks for your work
Will keep it in the back of my mind.....
  • #238
  • Feb 28, 2008 9:42am Feb 28, 2008 9:42am
Quoting gioviforex
Hi guys, positions update......if i close now all open positions i am up 100% on account in less of 10 days......
what was your Money management or risk on each trade

and did you close most of the position manualy
if thats the case maybe there should be some other rxit strategy for EA
  • #239
  • Edited 10:36am Feb 28, 2008 10:20am | Edited 10:36am
Quoting Ahil
what was your Money management or risk on each trade

and did you close most of the position manualy
if thats the case maybe there should be some other rxit strategy for EA
i am using default settings and 1 regular lot.
I didn't close manually any positions...i am living the ea do his job...
trading time 8 / 18
here today closed trade
Attached Image (click to enlarge)
Click to Enlarge Name: closed positions.gif Size: 52 KB
  • #240
  • Edited 11:43am Feb 28, 2008 11:32am | Edited 11:43am
IMPORTANT: Keep in mind this may not behave as demonstrated in backtesting.... We are moving from the backtesting phase to forward testing. Sometimes things act different than planned.

BACKTESTING
This EA for some reason does not backtest well. I have see it do odd things (like not take trades that met the exact conditions necessary

SETTINGS
NOTE: EA - not for use on GOLD or GBP/JPY till v1.2 (internal settings are different)

MagicNumber = 304323 MUST BE UNIQUE to this EA (i.e. not the same number as any other EA's you might have running)


== Start Time ==
BeginHour=8 (GMT) (defaults determined through 6 month backtesting)
EndHour=20 (GMT)
GMTOffset=2 (your broker's difference from GMT)

== Main Settings ==
Sensitivity=18 DO NOT ENTER TRADES above & below this number from the 89SMA (buffer zone - false signals)
Sensitivity12H=11 Distance ABOVE 13SMA to open BUY or close a SELL
Sensitivity12L=8 Distance BELOW 13SMA to open a SELL or close a BUY
TakeProfit=35 Take Profit (trailing) Moves UP by setting for a BUY but not down (opposite for a SELL)
StopLoss=35 Stop loss (trailing) Moves UP by setting for a BUY but not down (opposite for a SELL)
StopDistance=30 Does not place a BUY/SELL if it is this distance INSIDE the banks of the river (+89/-89 levels of 89SMA)
CloseOrdersDaily=false Close all trades at 00:00 each day (not recommended or tested)

== Money Management ==
Lots=1 Lot size for each trade (i.e. 1.0, .01, .1)
MoneyManagement=false Use money management routines
Risk=10 Percent of account balance to risk on a trade

EA is located on post #1

NOTE: Sometime the EA will get into a trade "before" the trend starts to change. I know several times it may have went -10 -25 pips then recovered to end up in a profit. Yes, there are times it will end up stopping out, but just because it goes down, more times than not it will recover.
DO NOT BE AFRAID to take out a trade when it looks like the trend is about to change. My goal is 100 pips/day and if I get to that level, turn the EA *OFF*, exit the trades, then start it back up after midnight GMT to harvest another day's pips. The EA is a "tool" to help you get into trades when your not monitoring the market and to take trades out if you're not around. By all means if you've reached your goal for the day or see indication the trend is changing - BY ALL MEANS CLOSE OUT THE TRADES!
0 traders viewing now