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Attachments: 39/39 HI/LO SYSTEM
Exit Attachments

39/39 HI/LO SYSTEM

  • #41
  • Feb 29, 2008 7:05am Feb 29, 2008 7:05am
Quoting TradeStar
Hi Jr,

Thanks much for your efforts.

I did set the properties exactly as you pointed out and I put dates 1/1/07 to 12/28/07.

Attached is the report I got. Not sure why.

I am in east coast and I am done for the day now.

PL. don't misunderstand. My intent is not to poke holes. Just wanted to try it out myself.

Take care.

Hello JR,

Where do think Tradestar got wrong here..? I never keen of using EA but your result is very impressive and hard to resist not to try EA. but after try it my result is more loss than profit.... help
fishing for pips
  • #42
  • Feb 29, 2008 9:48am Feb 29, 2008 9:48am
Could someone please sum up exactly what this EA is doing? I guess it is to trade GBP/JPY only and to open a trade on first candle that opens outside the channel, applies an 80 stop, applies a 100 Trl Stp.....what else is it doing? Thnx in advance for help. I would like to manually look back at some trades and get a complete understanding.
  • #43
  • Feb 29, 2008 5:27pm Feb 29, 2008 5:27pm
Quick EA forward testing update, last position closed at 207.11.

Position closed at -25 Pips

EA opened two new short GBP/JPY positions at 206.50 and 207.05 and will be held over the weekend...

Position 1 is at +12 Pips
Position 2 is at +67 Pips
Attached Image (click to enlarge)
Click to Enlarge Name: jr2007 on odl-mt4 gy [03.23pm pst].gif Size: 44 KB
  • #44
  • Feb 29, 2008 6:39pm Feb 29, 2008 6:39pm
I am still in the original two positions the EA opened. Profit is shown in PIPS and is now locked in positive territory by the trailing SL. It is always nice to be able to post a positive first result for a new EA. I hope we have more days like the first day.
Attached Image (click to enlarge)
Click to Enlarge Name: jr2007-1.gif Size: 52 KB


Looking back at the chart I can certainly see some rough patches for the EA. If I understand the 39/39 properly. I probably don't. I'll put up one screen shot since I am making some to compare to back testing results.
Attached Image (click to enlarge)
Click to Enlarge Name: jr2007-problem area.gif Size: 19 KB


Jr2007,
Do the arrows I drew on the chart reflect possible entries for EA trades? The two yellow lines are 39/39 Hi and Low SMAs. There was more than an 80 pip negative movement between entries in the same direction.
  • #45
  • Edited 8:52pm Feb 29, 2008 8:50pm | Edited 8:52pm
Quoting jr2007
Here are the EA settings:

http://www.forexfactory.com/attachme...1&d=1204271218

Hi Jr, could you please attach your ea settings? so I can just load it. cause I am not able to change it manually. Thanks
  • #46
  • Edited 12:46am Mar 1, 2008 12:03am | Edited 12:46am
Quoting nvwine
I am still in the original two positions the EA opened. Profit is shown in PIPS and is now locked in positive territory by the trailing SL. It is always nice to be able to post a positive first result for a new EA. I hope we have more days like the first day.
Attachment

Looking back at the chart I can certainly see some rough patches for the EA. If I understand the 39/39 properly. I probably don't. I'll put up one screen shot since I am making some to compare to back testing results.
Attachment

Jr2007,
Do the arrows I drew on the chart reflect possible entries for EA trades? The two yellow lines are 39/39 Hi and Low SMAs. There was more than an 80 pip negative movement between entries in the same direction.
Yes, but remember that if you are in the max said of trades, either 2, or 3 Short or longs, no other trades will be entered. the max trades is set for 5. If the situation calls for it, you can be in a 3 shorts, and 2 longs, or 3 longs, and 2 shorts. This is why I am trading this system with the trend.
  • #47
  • Mar 1, 2008 12:05am Mar 1, 2008 12:05am
Quoting Jack2000
Hi Jr, could you please attach your ea settings? so I can just load it. cause I am not able to change it manually. Thanks
I only showed the settings so you can compare it. The EA is already set. All parameters are where they should be.
  • #48
  • Mar 1, 2008 12:25am Mar 1, 2008 12:25am
When the EA is set, there is one, and only one thing at this time that I will change. the "Short only, Long only, Long and Short". Everyone has there favorite indicators to determine trend. I recommend using them. When you get an idea of which way its trending, set the Long, or Short only parameter.

Now, the way the system works. The Candlesticks will move in and outside the 39hi/39lo channel. There will be moments where a Candlestick will start outside the channel. "MEANING, THE CANDLESTICK OPENED OUTSIDE THE CHANNEL." when that happens, this system is made to open a trade at that very moment. Now, if the Candlestick opens above the channel, the it will enter a Long trade. If the Candlestick opens below the channel, then a Short trade will be opened.

Now, in terms of max trades, lets assume that the trend is in a Short trend, and the next candlestick that opens, opens below the channel, then a short trade will open, then most likely the next candle will be below the channel again, then another Short position will open. It will open one more Short trade on the next candlestick opening below the channel, so long as a Long trade has not opened up. Just remember a maximum of 5 trades. So, 2 Long trades can still open up, but only if the opportunity presents itself.

Exit Strategy: Simple, 80SL, 100TS,

If it reverses on you, you take an 80 pip stop loss. If the trades go in your favor, then it will eventually go into the 100 trailing stop. This is where the success "IMO", comes from. The GBP/JPY, is very volatile, making this method successful.
  • #49
  • Mar 1, 2008 12:40am Mar 1, 2008 12:40am
Quoting TradeStar
Hi Jr,

Thanks much for your efforts.

I did set the properties exactly as you pointed out and I put dates 1/1/07 to 12/28/07.

Attached is the report I got. Not sure why.

I am in east coast and I am done for the day now.

PL. don't misunderstand. My intent is not to poke holes. Just wanted to try it out myself.

Take care.
I think I know why. Run the test again. When you are done, check the date of the first trade. The updated version of Metatrader4 only goes as far back as 3, or 4 months. You might have that version. A friend of mine had the same problem.

On your Word File, you have Total Trades: 82
On My test Results, I have: Total trades: 916
  • #50
  • Mar 1, 2008 12:43am Mar 1, 2008 12:43am
Quoting Abisha
Hello JR,

Where do think Tradestar got wrong here..? I never keen of using EA but your result is very impressive and hard to resist not to try EA. but after try it my result is more loss than profit.... help
You might have the same problem as Tradestar. The updated version of Metatrader4. It only goes so far back in terms of time. Run the test again. After its done, check the date of the first trade. See if its in Jan, 2007.
  • #51
  • Mar 1, 2008 12:48am Mar 1, 2008 12:48am
Quoting jr2007
I only showed the settings so you can compare it. The EA is already set. All parameters are where they should be.
Hi Jr, but the ea settings I have is different from yours. eg.

Value Start Step Stop
Lots 0.1 0.1 0 0
Stoploss 80 80 0 0
Profit target 0 0 0 0
Trailing stop 100 100 0 0
mapds 39 39 0 0
and more down below with different settings from yours

sorry, I don't know how to upload it as an image. Thank you
  • #52
  • Mar 1, 2008 12:52am Mar 1, 2008 12:52am
Quoting jr2007
I started this system on my live acct. last night. I currently have 3 opened positions 1 = 242pips, 2 = 253pips, 3 = 254pips.

All Shorts

http://www.forexfactory.com/attachme...1&d=1204262968
UPDATE: At the close of the Market - 1 = 449, 2 = 460, 3 = 459
  • #53
  • Mar 1, 2008 1:03am Mar 1, 2008 1:03am
Hi, jr,
Thanks too much for your share!
I did some backtest on my Alpari MT4,and seems this EA is only suitable for 2007, both in 2005/2006 the results are loss.
  • #54
  • Mar 1, 2008 1:47am Mar 1, 2008 1:47am
Quoting ShawnYau
Hi, jr,
Thanks too much for your share!
I did some backtest on my Alpari MT4,and seems this EA is only suitable for 2007, both in 2005/2006 the results are loss.
Thank you very much for that. Hey, I still like my results going with the trend.
  • #55
  • Mar 1, 2008 1:50am Mar 1, 2008 1:50am
Quoting Jack2000
Hi Jr, but the ea settings I have is different from yours. eg.

Value Start Step Stop
Lots 0.1 0.1 0 0
Stoploss 80 80 0 0
Profit target 0 0 0 0
Trailing stop 100 100 0 0
mapds 39 39 0 0
and more down below with different settings from yours

sorry, I don't know how to upload it as an image. Thank you
re-download jr2007.v4 in post#1. I had this on another thread, and I hope you don't have those settings.
  • #56
  • Edited 9:41am Mar 1, 2008 2:33am | Edited 9:41am
Quoting jr2007
re-download jr2007.v4 in post#1. I had this on another thread, and I hope you don't have those settings.
Hi Jr, I did, but the settings are still the same (different from yours). actually, those settings come from your 1st post (ea) in this thread.
  • #57
  • Mar 1, 2008 3:55am Mar 1, 2008 3:55am
Quoting jr2007
Thank you very much for that. Hey, I still like my results going with the trend.

results at one point are more than astounding but if you would lets say start backtest at begining of 2007 at one point you lose 85% of your funds (lets say start funds are 10.000, because with less you would lose 100%)

would you risk so much?? who wouldnt stop EA at loss of 70-80% of their acc??

well anyway everyone choses his own risks, but at my opinion someone with small acc shouldnt use this EA as his or hers chances are too big to get wasted
  • #58
  • Mar 1, 2008 4:18am Mar 1, 2008 4:18am
Quoting Ahil
results at one point are more than astounding but if you would lets say start backtest at begining of 2007 at one point you lose 85% of your funds (lets say start funds are 10.000, because with less you would lose 100%)
I had much better results when testing the full year of 2007. I am concerned about draw down in other years as well as a test for the last 12 months ending today. A number of the tests I have run have not made it through the testing period before going broke. I'm starting a couple of optimization tests now. The inconsistency when testing various date ranges is a concern.

One note to JR, I managed to get results similar to you with the $1000 test for all of 2007. I think the risk level is .10 rather than the .01 shown in the first post. Below is my 2007 report using default settings except possibly the (MaxRisk at .10). I'm sorry about the touch of dirt in the history data. I gave it a couple of tries but I could not determine where to cut and stitch. 89.99 will have to do.
Attached File(s)
File Type: pdf jr2007 - 2007-All.pdf   77 KB | 714 downloads
  • #59
  • Mar 1, 2008 4:55am Mar 1, 2008 4:55am
Quoting nvwine
I had much better results when testing the full year of 2007. I am concerned about draw down in other years as well as a test for the last 12 months ending today.
The PDF at the bottom is a report for the year of 2006. I had to increase the starting deposit to $10,000 and reduce the MaxRisk to .01 in order to make it out of the first couple of months. I hope someone else will show their backtesting results for 2006. I did not get near as many trades as expected.

Here are a couple of images of a back test starting July1st, 2004 - February 29th, 2008. I used the same settings as stated above. The good news was the EA did not go broke after three and a half years. 2005 was not a good year.
Attached Image (click to enlarge)
Click to Enlarge Name: 4-year.gif Size: 17 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 4-year graph.gif Size: 14 KB


Given the problems with MetaTrader backtesting, I hope some other people will post results. Even at 90% modeling quality it is hard to put much faith in my results.
Attached File(s)
File Type: pdf jr2007 - 2006-All - 10000-01Risk.pdf   80 KB | 529 downloads
  • #60
  • Mar 1, 2008 6:50am Mar 1, 2008 6:50am
MR JR..

i just read all the post here today... look so interesting...

just 1 question.. i have my old trading n in (-pips)... is it the program will disturb overall trade or just open n close the new trade only....?

thx 4 ur answer..
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