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Trend Follower 5 Minute System

  • #1,601
  • Mar 21, 2008 4:56am Mar 21, 2008 4:56am
Quoting tadinda
Hi there,

If you do not want automation but want the alert all you have to do is switch the automation off. You will still get the alerts. Alternatively, you may leave automation on but ask for manual confirmation before each trade.

So you see your concerns have been addressed already and these options have already been programmed in. Thanks to pmurfin and now Skyscraper.

One suggestion if I may.

I can accept, and am sure all of us here will accept, constructive criticism to bring things forward. When blanket denounciations are made which are not fully researched, or even at least invstigated, it does not do justice to whoever is bringing them forward.

So please anybody who wants to criticise please do so. But do so after undertsanding and at least reading the baiscs. What you do not understand, you may ask. Before jumping the gun. And am certain one or another will answer your queries.

Any judgement will then be at least an informative.

Tadinda
I do not have a problem with, or any criticism of, yours and other's attempts to design a fully automated EA. I do object to this thread being hijacked by a bunch of people using it to discuss a much modified system as this will lead to confusion.

If in future when reading posts I have to first ascertain which version is being discussed, then I'd rather not bother!!!
  • #1,602
  • Mar 21, 2008 5:00am Mar 21, 2008 5:00am
Guys...

As tadinda requested im happy to run the EA across my 12-13 pairs on the 5min charts with the ADX filter off, and post my results based on this.

I'll post my stoploss and take profit levels later on along with my results.

What i'll also be doing is each time a trade is executed I will check The ADX indicator for that particular pair with the 8 period and 14 period is well to see which ADX settings might be more useful. But i'll post up my conclusions on the right ADX settings later, after we get some results rolling at the end of next week or so?

If anybody wants a list of my pairs let me know.
Happy easter to you all and God bless,

Vish
  • #1,603
  • Mar 21, 2008 5:07am Mar 21, 2008 5:07am
Quoting FxFocus
I do not have a problem with, or any criticism of, yours and other's attempts to design a fully automated EA. I do object to this thread being hijacked by a bunch of people using it to discuss a much modified system as this will lead to confusion.

If in future when reading posts I have to first ascertain which version is being discussed, then I'd rather not bother!!!

FxForex,

We are not hijacking anything. I believe explanations as to what we are doing have been amply provided.

Should you have a valid contribution I am certain it would be most welcome.

Tadinda
  • #1,604
  • Mar 21, 2008 5:22am Mar 21, 2008 5:22am
Quoting WilteredFire
Guys...

As tadinda requested im happy to run the EA across my 12-13 pairs on the 5min charts with the ADX filter off, and post my results based on this.

I'll post my stoploss and take profit levels later on along with my results.

What i'll also be doing is each time a trade is executed I will check The ADX indicator for that particular pair with the 8 period and 14 period is well to see which ADX settings might be more useful. But i'll post up my conclusions on the right ADX settings later, after we get some results rolling at the end of next week or so?

If anybody wants a list of my pairs let me know.
Happy easter to you all and God bless,

Vish

Hello there and thank you for your asisatnce.

ACarwright is running the test using the EA with teh filter off. If you want do do so as well you will be more than welcome.

However, Skyscraper has suggested that 4 tests as run, if I understood him correctly. These are:

1. On the 1 Min Time Frame with the ADX filter Off.
2. On the 1 Min Time Frame with the ADX filter ON.
3. On the 5 MIn Time Frame with the ADX filter Off.
4. On the 5 MIn Time Frame with the ADX filter ON.

Myself I am doing Number 4 above.
ACartwright, as far as I am aware is doing Number 3 above.

I suggest you take up either NUmber 1 or number 2.

Please liase with Sonic as he is also very willing to test. So that you may choose between number 1 and 2 between yourselves.

It is important that we report to Skyscraper on a daily basis. Now becasue of different time zones, this is what we need to organise.

ON my part I am on GMT +1. So my working day easily fits in within the Wicker Rules. Do not know about you guys. BUt we have to agree on a time suitable for all of us to report at a particular time. Please let me have your thoughts.


ONe final thing about the parameters for testing.

Skyscraper suggested that the Stop Loss, Take Profit and iTPIncrement are adjusted according to teh currency. Please read his earlier posts for his instructions and suggestions.

May I suggest you prepare a simple worksheet, such as I have done myself, with teh paarmeters you have chosen for each pair. ONce again please look at earlier posts on this.

Finally, and from the instructions I read from Skyscraper I beleive a suitable test, while doing this current testing, would be to test the following:

1. To take profit finally as per a parameter chosen by the user. That is a number of pips.

OR

2. To let the trade run, after 50% of the original trade is closed on set parameters, until a contra signal is genertaed.

I have managed to do this within my own testing as follows:

1. For each pair I opened two charts.
2. For each Chart I established the same parameters for STop Loss and iTPINcrement. But for Take Profit I set one chart to close at a certain set pip parameter. The second I set it at zero so taht it would continue to run until a contra entry is genereted.
3. It is important taht for each chart you set a different Magic NUmber.

Once again on these different parameters please see my earlier posts.

I hope I have explained myself well and interpreted Skyscraper properly.

Please let me have your feedback so that we will have an organised test.

Thank you all.

Tadinda
  • #1,605
  • Edited 6:30am Mar 21, 2008 6:28am | Edited 6:30am
Quoting FxFocus
Quoting from TheWicker's original post....

"...It does not need any improving, nor changing. It is fully optimized for trading, so do not attempt to change any indicators or settings!..."
FX Focus,

I think we need to make clear that we are in no way hijacking this thread.

What we are trying to achieve is:

1. Most importantly more interest in the system form other forex factory members.

2. To recreate the wickers system into an automated traidng style.

3. Provide others with alternative indicators that can be used to optimal effect.

I suggest if you do not have any positive thoughts to bring forward for the automated EA and common good of this thread then I would simply trot off and carry on with your trading.

It seems to me that you already have your system effective at 100% or maybe not as you still visit this thread.

Al
  • #1,606
  • Mar 21, 2008 6:41am Mar 21, 2008 6:41am
I would also like to point out at this junction that I have follwed many other threads on this site and all have had indicators added or parameters changed.

This is evolution and if it has a positive effect then it should remain.

There are many new traders looking at this system.

I am sure that the more effective it is the more input we will have.

At the end of the day i have personally taken out the slope direction and have added an 8 period DMI.

Not much of change in retrospect.

If it helps me and others then I have done my job!!!!
  • #1,607
  • Mar 21, 2008 7:55am Mar 21, 2008 7:55am
EA using Lag of .8 not .66.
Quoting tadinda
0.66 Lag will indicate short when it passes the 0.75 level going down.
0.66 Lag will indicate long when it passes the 0.15 level going up.

Hope it helps.
  • #1,608
  • Mar 21, 2008 8:22am Mar 21, 2008 8:22am
Quoting skyscraper
EA using Lag of .8 not .66.

Hi Sky,

I believe the original Wicker Rules indicate .66 for the Lag. The .8 if I understood correctly was a longer term lag.

Have you done this purposely?

Look forward to hearing from you.

Tadinda
  • #1,609
  • Mar 21, 2008 8:38am Mar 21, 2008 8:38am
Attached is the Modified EA, which will provide you flexibility to use LegLength. Default is 0.66. You can use any length by settng LegLength parameter.

.8 I am using in M1 and it works good, but it just my testing. Lets use the standard one .66, which is now in the attached EA.
Quoting tadinda
Hi Sky,

I believe the original Wicker Rules indicate .66 for the Lag. The .8 if I understood correctly was a longer term lag.

Have you done this purposely?

Look forward to hearing from you.

Tadinda
Attached File(s)
File Type: mq4 SignalTrendFollowerEA-V1.0.mq4   22 KB | 963 downloads
File Type: ex4 SignalTrendFollowerEA-V1.0.ex4   23 KB | 808 downloads
  • #1,610
  • Mar 21, 2008 8:42am Mar 21, 2008 8:42am
Quoting skyscraper
Attached is the Modified EA, which will provide you flexibility to use LegLength. Default is 0.66. You can use any length by settng LegLength parameter.

.8 I am using in M1 and it works good, but it just my testing. Lets use the standard one .66, which is now in the attached EA.

Thanks Skyscraper will do.

Let us test teh Minute Time frame with teh Standard .66 Value and then we will follow up, or if somebody else is willing, will test the 1 MIn Time Frame with the .8.

Thanks again.

Tadinda
  • #1,611
  • Mar 21, 2008 11:32am Mar 21, 2008 11:32am
Hi tatinda!

What exp param did you use with this test? TP,SL ets.

Cant see profit backtesting this exp.

Quoting tadinda
Ok it seems to ahve accepted a Word File

tadinda
  • #1,612
  • Mar 21, 2008 11:49am Mar 21, 2008 11:49am
Quoting Dezil
Hi tatinda!

What exp param did you use with this test? TP,SL ets.

Cant see profit backtesting this exp.

Hello Dezil,

Yesterday I left all teh parameters as they were by default. The only thing I changed was to switch alerts on.

However since yesterday we have a new version of this EA. Are you willing to do some forward tests for us please.

I have also tried to backtest this EA. However I am getting no results at all. Maybe I am setting up the test wrongly. Can you help.

Regards
Tadinda
  • #1,613
  • Mar 21, 2008 11:56am Mar 21, 2008 11:56am
If you are doing back testing with ADX=true then do for six month range.
Also run the backtest using ADX=false.

Quoting tadinda
Hello Dezil,

Yesterday I left all teh parameters as they were by default. The only thing I changed was to switch alerts on.

However since yesterday we have a new version of this EA. Are you willing to do some forward tests for us please.

I have also tried to backtest this EA. However I am getting no results at all. Maybe I am setting up the test wrongly. Can you help.

Regards
Tadinda
  • #1,614
  • Mar 21, 2008 12:05pm Mar 21, 2008 12:05pm
Why for 6 month range?
I've backtested the lates version of expert from 2008/01/01 till 2008/03/20/
With and without ADX filter with def param. Big loses in ala cases. GBP/JPE/ 5 min.

I think that before forvard test we need to achieve some good results in backtests.



Quoting skyscraper
If you are doing back testing with ADX=true then do for six month range.
Also run the backtest using ADX=false.
  • #1,615
  • Mar 21, 2008 12:19pm Mar 21, 2008 12:19pm
For G/J thats very high volatile pair. Use some higher stop loss and low iTpIncrement to always in profit side.
For back testing try different combination. Don't worry about profit, first look whether EA is satisfying the fundamental rule created by Wicker or not?
Profit is a matter of adjusting your parameter. Try it in higher time frame also. If the market is very choppy then most of the time lower time frame is noisy.
Just keep one thing in mind that EA is compliant to Fundamental rule or not?
If not then let me know and I can see what we are missing
Quoting Dezil
Why for 6 month range?
I've backtested the lates version of expert from 2008/01/01 till 2008/03/20/
With and without ADX filter with def param. Big loses in ala cases. GBP/JPE/ 5 min.

I think that before forvard test we need to achieve some good results in backtests.
  • #1,616
  • Mar 21, 2008 12:37pm Mar 21, 2008 12:37pm
I was first introduce to Forex Trading a year ago and was taught to trade Daryl Guppy multiple moving averages on 10m charts. I had been demo testing GMMA for almost 8months and just started trading live recently.

I have to work on weekdays and most of the time I will not be able to trade, thus missing some good trades here and there. So i really liked the idea of trading with EA.

Well, I did some demo trading on the original system created by TheWicker himself. Indeed, it is a great system. It works extremely well in AUD/USD pair during EUR and US markets. On the other hand, I got stopped out most of the time on the other pairs like GPB/USD, USD/YEN. IMO, Placing a fixed 20-30pips S/L on these pairs would not work in long term.

Some suggestions,
Use fractals as a guide for S/L, placing S/L on recent LOW. I do not know if it works on 5min chart as i was doing rather ok with fractals on 10mins chart using Xtick.
  • #1,617
  • Mar 21, 2008 1:03pm Mar 21, 2008 1:03pm
Attached is the result of backtesting AUD/USD pair from 1st JAn 2008 to 211st March 2008. Somehow it only managed to show results from 29th of feb to march 21st.

Those statements that i highlighted yellow are those trades that are not placed during EUR or US markets.

It works extremely well with this EA on AUD/USd during EUR and US Markets only. Removing those highlighted statements, you can see that it did not make any losses during this period.
Attached File(s)
File Type: xls AUDUSD.xls   25 KB | 567 downloads
  • #1,618
  • Mar 21, 2008 1:07pm Mar 21, 2008 1:07pm
Thanks skyline for updating the EA with the lag options, thats great!

To tadinda and all other folks....

Im just thinking do you reckon the EA is worth running on 1minute charts?

I mean wont a 5minute chart provide a less noisy picture and maybe less false signals compared to a 1minute chart?

I've had Pmurfins EA running on my 5minute charts across roughly 13 pairs every trading day for the last 3 months, and it seems to give me good signals that follow shortly after signals given from another 2 systems I have running for my trades...

Can anybody shed any light or info or even experience as to whether the 1minute charts are viable for trading this system?

In my opinion i would have thought it would have more noise, more false signals and potentially less pips for us guys to take home with us as compared to trading the 5minute charts. Any Trend Followers who have a few months experience with this system like to comment or share any advice?
  • #1,619
  • Mar 21, 2008 1:16pm Mar 21, 2008 1:16pm
Any system that got to do with following trend works best on 10mins /30mins chart. It would give too many false signal if we were to trade on 1min chart. However, it does allow us to get into a good trade early provided we have another good filter to get those noises out of the way.
  • #1,620
  • Mar 21, 2008 1:17pm Mar 21, 2008 1:17pm
Quoting skyscraper
If you are doing back testing with ADX=true then do for six month range.
Also run the backtest using ADX=false.

Hello All,


I must confess that I am not capable of getting the backtesting done for some reason.

Two tests which seem to have ran well only produced three trades and the account was killed with the third trade.

It seems withered Fire has aa good hang on this.

Can you please share your results and the parameters you are using.

Thanks.

Tadinda
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