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Discussion on EA pertaining to SRDC methods

  • #21
  • Edited 7:03am Jan 14, 2007 6:39am | Edited 7:03am
Quoting Digitalis
Hi all - I'm getting into MetaTrader and playing with the optimizer at the moment, testing fixed stop/loss aginst trailing stop/loss and optimum profit target.
Skyline, I'll PM you on that if you don't mind, some interesting results so far but I need clarification on 1 of your variables.

Can anyone advise how I can get the charts to show weekend bars? I guess there's a setting somewhere but I can't find it and would love to monitor (or trade) it tomorrow!

Cheers
Hi Digitalis,
I think you sent pm to someone else since I didn't received any pm from you

Edit : Ops I didn't read carefull , you said that you will pm me eheh
  • #22
  • Jan 15, 2007 8:55am Jan 15, 2007 8:55am
Hello,
I haves started a demo account at Forex Ltd. with 200$, running SRDC_I_Advanced_v1.1 on GBPUSD, EURUSD, AUDUSD and USDJPY all with 15M Timeframe. It only opened one trade for AUDUSD. And for all the others I receive the error-mesage "error(130): invalid stops".

Can anybody help?

thx
cash4u2
  • #23
  • Jan 15, 2007 9:45am Jan 15, 2007 9:45am
Ok, so I ran the MT4 optimizer on Skyline's EA.
Despite following excellent advice from Skyline on how to get 90% Modelling Accuracy, for some reason the test environment would only work for the period from 23rd October 2006 to 31st December 2006, even though date range was set for 1st January to 31st December 2006 :-(

I tested the TP from a range of 1 to 120 points and both stoploss types from 1 to 70.
Results:
Period 10/23/06-12/31/06. Initial Deposit 10000.
------------------
Original:
TP 120. Trailing stop 50. Profit 290.

Optimized TP & fixed stop:
TP 120. Fixed Stoploss 66. Profit 286.

Optimized TP & trailing stop:
Optimizer made 14 passes and dsicarded all results as insignificant!

I don't quite understand how the optimisation could not beat the default settings.
------------------------

Frankly, it was worth a quick play with the optimizer in case it provided a useful TP for exit. However, I'd rather rely on the evidence of my own eyes in real time having made another 22 pips on GBP this morning!

And until I get more practiced, and although I generally now prefer not to use indicators, I'm going to carry on using the Stochastic (10,6,6) crossover as my exit trigger. It seems to have done ok so far.
Full-time trader and loving it!
  • #24
  • Jan 15, 2007 10:24am Jan 15, 2007 10:24am
Quoting cash4u2
Hello,
I haves started a demo account at Forex Ltd. with 200$, running SRDC_I_Advanced_v1.1 on GBPUSD, EURUSD, AUDUSD and USDJPY all with 15M Timeframe. It only opened one trade for AUDUSD. And for all the others I receive the error-mesage "error(130): invalid stops".

Can anybody help?

thx
cash4u2
I never tried yet EA on live demo account on multiple pairs since i'm still refining it, anyway how much is your sl set ?
  • #25
  • Jan 15, 2007 10:52am Jan 15, 2007 10:52am
@skyline

I use the default settings.
  • #26
  • Jan 15, 2007 1:13pm Jan 15, 2007 1:13pm
Quoting cash4u2
@skyline

I use the default settings.
ok I will take a look
  • #27
  • Jan 15, 2007 5:30pm Jan 15, 2007 5:30pm
Ok here's latest EA SRDC I Advanced v1.2 where I added some external comments variable to help new users to use this EA and most important I added the MagicNumber variable (and fixed some bugs) so that you can change the value if you are willing to use it to test different pairs on the same broker account. (You can choose whatever integer value you like. Only tie is that all Magic Number have to be different for each different pairs...for example it could be ok to do something like this GBPUSD MagicNumber=100, EURUSD MagicNumber=200, USDCHF MagicNumber=300 and so on...)

Notice : Since I hadn't a lot time to test this v1.2, please report bugs or issue that you'll find in this thread and I will try to fix in my spare time

Second Notice : As usual I release only .ex4 (no code) since I'd like to have full control over this little EA , obviously I will take care about adding new features and fix the code as per your request, please respect my decision Of course you are free to use, test and crack best settings but keep in mind that this EA at this stage has to be used only in demo account for testing purpouse
Attached File(s)
File Type: zip SRDC I Avdanced v1.2.zip   8 KB | 879 downloads
  • #28
  • Jan 17, 2007 12:27pm Jan 17, 2007 12:27pm
Thanks Skyline for this EA.

I am trying to backtest with it december and janurary data and it seems the EA is not getting the same number as i for the high/low of the previous day.
It could be something about time zones?
I have seen a variable called "EOD" that i suppose means "End OF Day". This variable has a value of 18. Actually my last bar befor closing the day is at 1am so i replace the 18 with a 1 but i dont get any trade.
When i leave the 18 i get trades but the entry points are not the same i calculated manually.

Ill wait for your comments

thanks,
Dan
  • #29
  • Jan 18, 2007 4:10am Jan 18, 2007 4:10am
Quoting dabella
Thanks Skyline for this EA.

I am trying to backtest with it december and janurary data and it seems the EA is not getting the same number as i for the high/low of the previous day.
It could be something about time zones?
I have seen a variable called "EOD" that i suppose means "End OF Day". This variable has a value of 18. Actually my last bar befor closing the day is at 1am so i replace the 18 with a 1 but i dont get any trade.
When i leave the 18 i get trades but the entry points are not the same i calculated manually.

Ill wait for your comments

thanks,
Dan
I put in my signature some nice link to help newbie to avoid the same question over and over , please read over there to find answer to your questions Then if you still have some doubt please post here and I will try to help you
  • #30
  • Edited 10:36am Jan 18, 2007 4:23am | Edited 10:36am
Q1.is there an EA for srdc I basic version only not the Srdc I advanced version?

Q2.There is an excellent ea by stockwet on the mt4 forum with specs about entry lots , dedicating take profit levels , and scaling out of lots and setting SL for different lots etc.
i dont know if it can be modified for starting on the high/low of yesterdays candle as per SRDC I rules.
this would be awesome for back and forward testing
any help appreciated,
thanks
fouad
learn something everyday
  • #31
  • Jan 18, 2007 4:34am Jan 18, 2007 4:34am
Hi Faddy,

Quoting faddy
Q1.is there an EA for srdc I basic version only not the Srdc I advanced version?
Yes I coded one at very beginning of SRDC I thread but it was not so efficient due to some code bugs so it's better to not use it Anyway as per my friend request OrangeRoshan, in my next EA release both method SRDC I and SRDC I Adv.Rule level 1 will be merged into a single EA so that user could choose if trade with one method or both of them

Q2.There is an excellent ea by stockjay on the mt4 forum with specs about entry lots , dedicating take profit levels , and scaling out of lots and setting SL for different lots etc.
i dont know if it can be modified for starting on the high/low of yesterdays candle as per SRDC I rules.
this would be awesome for back and forward testing
any help appreciated,
thanks
fouad
  • #32
  • Jan 18, 2007 10:38am Jan 18, 2007 10:38am
thanks
looking forward to it
learn something everyday
  • #33
  • Edited 1:57pm Jan 18, 2007 10:43am | Edited 1:57pm
Hii,
In your EA
(i) Do you enter long at yesterday's High OR (High+1 pip+spread)?
Similarly,
(ii) Do you enter short at yesterday's Low or (Low-1 pip - spread)?
Thanks for your clarification.
Also, can OrnageRoshan explain which is the correct entry?
-han



Quoting iya
Hi,

I tried to make an EA for your method:
At midnight it sets pending orders on the previous days high and low.
Exit is by profit target, trailing stop or stop loss and remaing positions are closed at the end of the day (The 70%, 20%, 10% rule is a little harder to implement, because you need to keep track of 3 orders – or am I missing something?)

Please take a look.
It's surely not optimal, yet. So any suggestions are welcome. For example, should the second order be deleted when the first gets triggered?

Backtesting suggests it works best on GBPUSD and with larger sl/tp targets. Though striving for 5 pips will give you ~90% winning trades, the costs of spread and remaining loosers seem to kill it.


http://x5.freeshare.us/122fs3667383.gif
http://x5.freeshare.us/122fs3667459.gif
  • #34
  • Edited 1:57pm Jan 18, 2007 12:19pm | Edited 1:57pm
Quoting iya
Hi,

I tried to make an EA for your method:
At midnight it sets pending orders on the previous days high and low.
Exit is by profit target, trailing stop or stop loss and remaing positions are closed at the end of the day (The 70%, 20%, 10% rule is a little harder to implement, because you need to keep track of 3 orders – or am I missing something?)

Please take a look.
It's surely not optimal, yet. So any suggestions are welcome. For example, should the second order be deleted when the first gets triggered?

Backtesting suggests it works best on GBPUSD and with larger sl/tp targets. Though striving for 5 pips will give you ~90% winning trades, the costs of spread and remaining loosers seem to kill it.


http://x5.freeshare.us/122fs3667383.gif
http://x5.freeshare.us/122fs3667459.gif
Hi Iya,
How is your SR system working? Can I get more details on it? Does it generate trading signals?
Thanks.
-Chan
  • #35
  • Jan 18, 2007 9:50pm Jan 18, 2007 9:50pm
Hi,

I'm back testing on "Inter bank FX" on GBPUSD M15 using SRDC Advanced v1.2 .
I'm using the defaults and it gives me -300 profit on a 1000 account.
I tried optimizing it but still no positive results. My first 2 screens show default values. Next screen shows a screenshot of the time period used. The next screen shows results from the run with default parameters.

What are some paramters that work??? What am I doing wrong? I would have expected after the optimization to have at least a few positive results.

Thanks!
A
Attached Images
  • #36
  • Jan 19, 2007 5:14pm Jan 19, 2007 5:14pm
Quoting alinp75
Hi,

I'm back testing on "Inter bank FX" on GBPUSD M15 using SRDC Advanced v1.2 .
I'm using the defaults and it gives me -300 profit on a 1000 account.
I tried optimizing it but still no positive results. My first 2 screens show default values. Next screen shows a screenshot of the time period used. The next screen shows results from the run with default parameters.

What are some paramters that work??? What am I doing wrong? I would have expected after the optimization to have at least a few positive results.

Thanks!
A
Alinp75, this is not the right attitude for trading. It seems that you want all served on a silver plate instead to learn,study,read and test by yourself this method
Where did I wrote in any of my messages that default parameters are the best ones for that EA ??
If you read carefull about EA description in my signature, I encourage everyone to find by yourself the best parameters and spread here so that all users can enjoy them.
Are you ready to start ??
  • #37
  • Jan 21, 2007 11:09pm Jan 21, 2007 11:09pm
Quoting skyline
Alinp75, this is not the right attitude for trading. It seems that you want all served on a silver plate instead to learn,study,read and test by yourself this method
Where did I wrote in any of my messages that default parameters are the best ones for that EA ??
If you read carefull about EA description in my signature, I encourage everyone to find by yourself the best parameters and spread here so that all users can enjoy them.
Are you ready to start ??

Thanks for replying. I tried optimizing the parameters... all of them, in steps of 1... the best I got was still in the red. I agree that going through 2000 posts may answer some of my questions. I read your signature, but still no enlightment. It's clear the EA doesn't work on the timeframe and pair chosen since the optimization didn't piked up positive results. What pair/timeframe then? I'll optimize and locate the correct combination of parameters for myself.

Thanks!
A
  • #38
  • Jan 22, 2007 5:07pm Jan 22, 2007 5:07pm
Quoting alinp75
Thanks for replying. I tried optimizing the parameters... all of them, in steps of 1... the best I got was still in the red. I agree that going through 2000 posts may answer some of my questions. I read your signature, but still no enlightment. It's clear the EA doesn't work on the timeframe and pair chosen since the optimization didn't piked up positive results. What pair/timeframe then? I'll optimize and locate the correct combination of parameters for myself.

Thanks!
A
But you are not taking other deciding factors into account when you run the EA.

For example - is the price near the high/low of the week/month/year and therefore likely to encounter resistance/support? You might not take that trade. Or even if near a round number (as I have learnt!) you might make a different trading decision. Or there is a big news announcement scheduled?

There isn't a blackbox solution, otherwise we'd all just be running EA's whilst lying on the beach or doing whatever else we enjoy
Full-time trader and loving it!
  • #39
  • Jan 22, 2007 5:28pm Jan 22, 2007 5:28pm
Quoting skyline
Ok here's latest EA SRDC I Advanced v1.2 where I added some external comments variable to help new users to use this EA and most important I added the MagicNumber variable (and fixed some bugs) so that you can change the value if you are willing to use it to test different pairs on the same broker account. (You can choose whatever integer value you like. Only tie is that all Magic Number have to be different for each different pairs...for example it could be ok to do something like this GBPUSD MagicNumber=100, EURUSD MagicNumber=200, USDCHF MagicNumber=300 and so on...)

Notice : Since I hadn't a lot time to test this v1.2, please report bugs or issue that you'll find in this thread and I will try to fix in my spare time

Second Notice : As usual I release only .ex4 (no code) since I'd like to have full control over this little EA , obviously I will take care about adding new features and fix the code as per your request, please respect my decision Of course you are free to use, test and crack best settings but keep in mind that this EA at this stage has to be used only in demo account for testing purpouse
Hello Skyline,
I am staying with SRDC I until I become good at it. I am also reading all in Episode I in detail and repeatedly.
I have seen SRDC II and just now read the posting of Orange Roshan on SRDC III. OR has done a fantastic job indeed? Tremondous thinking capacity!

Is this (EA SRDC I Advanced v1.2) the latest version in SRDC I? I have tried it on Demo a/c and I want to go and use it on Live a/c. If you have any later version, please show me where is it.
Thank you for your help.
-Chandra
  • #40
  • Jan 22, 2007 5:36pm Jan 22, 2007 5:36pm
Quoting Chandra
Hello Skyline,
I am staying with SRDC I until I become good at it. I am also reading all in Episode I in detail and repeatedly.
I have seen SRDC II and just now read the posting of Orange Roshan on SRDC III. OR has done a fantastic job indeed? Tremondous thinking capacity!

Is this (EA SRDC I Advanced v1.2) the latest version in SRDC I? I have tried it on Demo a/c and I want to go and use it on Live a/c. If you have any later version, please show me where is it.
Thank you for your help.
-Chandra
DON'T DO IT!
Full-time trader and loving it!
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