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Is This My Holy Grail EA :D

  • #301
  • Apr 25, 2008 8:59am Apr 25, 2008 8:59am
Ah well, have to commend you for the effort at least.
  • #302
  • Apr 27, 2008 7:32pm Apr 27, 2008 7:32pm
Quoting nanningbob
I set my reenters for only 8 levels, that way I dont rack up big losses or wipe out the account. I stayed in a bad trade because I knew if I exited it I would lose enough money to keep from placing in the contest. Also all the indicators showed it should retrace, hitting resistance, divergance on MACD, Sto overbought for quite a while, spinning tops, etc. It just didnt happen. Under normal trading I would have exited the trade and not made any money for a couple of days. In 26 4H candles is went up in 23 candles and really did not have a significant retrace. That is very unusual for any currency, in fact, I have never seen a currency run that long without a retrace. Modified Martingale trading relies on a retrace somewhere along the way. I was using a take profit of 100 reenter every 40 so if I go 10 levels deep I can handle a move of over 400 points without a retracement. It went 658 pips over 4 days before it retrace 138 pips. That was not enough to recover so I had to get out. I will try again in May but I will not use the E/J currency this time.
Bob,

I'm very interested in forward testing the martingale technique using pennies as you suggest, can you tell me how I can get started?

I think I could add to the discussion and help refine strategies, etc...

Thanks!
  • #303
  • Edited 6:48pm Apr 29, 2008 6:46pm | Edited 6:48pm
Quoting jnevins
Bob,

I'm very interested in forward testing the martingale technique using pennies as you suggest, can you tell me how I can get started?

I think I could add to the discussion and help refine strategies, etc...

Thanks!
Azam's EA is on page 11 post 155. You can download it there and play with it. His is written according to stochastics, I use his but I changed it to moving averages for my testing and use. Stochastics works as long a price keeps bouncing but its difficulty is when prices does long runs and the sto line just stays up on overbought/oversold. MA works but its weakness is it will do a buy at the top point and price changes direction. As long as you can control the price turnaround MA average works well. Good luck.

Bob

PS I will reenter the contest again this month but I am not going to gamble like last month. I will just try to increase my account like normal trading. If I dont place I dont place but I want to show you can win week after week if you control the negative trades when they happen.
  • #304
  • Apr 29, 2008 10:05pm Apr 29, 2008 10:05pm
I need help with coding on Azam's EA. Does anyone know how to turn off the close all orders. If you are 4 levels deep and it hits profit it will close all 4 levels. I only want it to close the level it hits so it will leave the other 3 levels until price hits each individual take profit. Does anyone know how to do that with his EA???

Bob
  • #305
  • Apr 30, 2008 4:35am Apr 30, 2008 4:35am
Quoting nanningbob
I need help with coding on Azam's EA. Does anyone know how to turn off the close all orders. If you are 4 levels deep and it hits profit it will close all 4 levels. I only want it to close the level it hits so it will leave the other 3 levels until price hits each individual take profit. Does anyone know how to do that with his EA???

Bob
PMed you!
  • #306
  • Apr 30, 2008 6:50am Apr 30, 2008 6:50am
Quoting nanningbob
Azam's EA is on page 11 post 155. You can download it there and play with it. His is written according to stochastics, I use his but I changed it to moving averages for my testing and use. Stochastics works as long a price keeps bouncing but its difficulty is when prices does long runs and the sto line just stays up on overbought/oversold. MA works but its weakness is it will do a buy at the top point and price changes direction. As long as you can control the price turnaround MA average works well. Good luck.

Bob

PS I will reenter the contest again this month but I am not going to gamble like last month. I will just try to increase my account like normal trading. If I dont place I dont place but I want to show you can win week after week if you control the negative trades when they happen.
Thanks for the link... I will be able to put some time in this summer on this.. The principle is sound, the pitfalls known. Your approach is the best possible one... Human monitoring is important for any EA as there are too many unknown variables in the FX market. If I find a solution to changing the code,, I'll post it.
  • #307
  • Edited 10:04pm Apr 30, 2008 9:29pm | Edited 10:04pm
As I have posted earlier I will be using the tp 100 step 40 only 8 levels and multiply 1.5 for the next contest. I will talk more on that in my next post. One of the reasons I use this is because it takes days for the death trade to develop. Here is a pic of a potential death trade. When I talk about trading range I am talking about the area from the last green line to the last red line. This is an example from one of my demos using a tp 25 step 10. It has a range of 120 pips+. You can see where price has gone beyond its range and you need to decide to take the loss or study your fundamentals and indicators and stay in the trade. I want you to understand that a death trade is not something that happens in minutes or hours but can take days or even weeks to develop and you have time to decide what to do. the white dotted lines going north and south equal 1 24 hour period, so you see 3 plus trading days. The double dotted white line is the break from Friday to Monday. This helps you to decide in taking the loss or hanging in there. In my next post I will tell how and why to make a decision. I do use fundamentals or indicators to decide taking profit or taking losses.
Attached Image (click to enlarge)
Click to Enlarge Name: aud nzd dt.gif Size: 44 KB
  • #308
  • Edited 9:57pm Apr 30, 2008 9:36pm | Edited 9:57pm
If I close this trade out it will cost me about 32 dollars right now. If I was using dimes it would be 320 dollars. Closing this trade out will not kill me but what are my chances of it going back down. Actually the chances are pretty good. You will see on this weekly chart, it has just hit a major resistance line on the weekly. If it breaks this line I close and take the loss. If it doesnt it will come back down and I will still make a profit. So avoiding the death trade is still using basic trading fundamentals. Using a martingale system still uses fundamental trading techniques in some decisions.
Attached Image (click to enlarge)
Click to Enlarge Name: aud nzd dt2 weekly.gif Size: 48 KB
  • #309
  • Edited 9:51pm Apr 30, 2008 9:47pm | Edited 9:51pm
Even though I show the Aud/Nzd as an example I do not use this pair in my live trading. With the 11 pip spread, the spread is just too big to be practical with martingale systems. Any way that is my opinion.

I will attach on this post my last chart showing the month of April on a live demo using the tp 100 +40. It is trading on 15 currencies and made about 1500 for the month. I used penny trades from April 1 to 13 and .05 trades from April 14 to the 30. You can see where the change happened and the profit angle going up. You can also see where I entered the market twice and closed two trades I thought were death trades. One of them was the E/J trade that knocked me out of the contest. There were some trades I took profit before the hit the TP 100. It was because they had hit a resistance or support line and I thought there might not be any more profit to be had. Even though I have a tp 100 if I see a total of all trades making a nice profit and they are bouncing off support or resistance lines I will close all the trades and take my profit. I also close all trades on Friday and don't carry any trades over the weekend. Enjoy and I hope this helps your learning curve. This is what I have been learning anyway. I just want to point out that you dont have to fear the death trade if you know how to handle it.
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
  • #310
  • May 1, 2008 12:12am May 1, 2008 12:12am
hi everyone
i`m an intraday trader from malaysia.
lastweek,i`ve bought an ea and backtested it,which is very good using control points model only
currency pair =euro/usd -30m
deposit =300
use date =1/04/2008- today
profit factor =1.99

i would like to ask anyone who know,
how i can let this ea runs on my real trading using this control point model because it`s not perform best(downside) if using others(every tick/open prices only).
can i set it up as default?
pls share your idea or suggestion.
Attached Image (click to enlarge)
Click to Enlarge Name: TesterGraph.gif Size: 19 KB
  • #311
  • May 1, 2008 12:42am May 1, 2008 12:42am
Quoting harryz
hi everyone
i`m an intraday trader from malaysia.
lastweek,i`ve bought an ea and backtested it,which is very good using control points model only
currency pair =euro/usd -30m
deposit =300
use date =1/04/2008- today
profit factor =1.99

i would like to ask anyone who know,
how i can let this ea runs on my real trading using this control point model because it`s not perform best(downside) if using others(every tick/open prices only).
can i set it up as default?
pls share your idea or suggestion.
Control points is not a viable way to test an EA. The only real way is live demo testing. The Market moves pip by pip and is not controlled. I dont even know why they put that on the tester because the results are useless information. The only viable back test is every tick off of a 1 minute chart. The EA tester can only go back about two weeks before it switches to a higher chart, like the 5M. The farther back you go in time with the tester the higher the time frames it uses and the less reliable the results. Put your ea on test with tick by tick and one minute. It will give you about two weeks of accurate data, after that you are only getting a good guess. Live demo trade it for a month or two and see if it really works. To use real money, you have a good chance you will lose it. If you want to use it on real money, get a micro account like IBFX or another company that lets you trade penny accounts and trade it using pennies. That way you wont lose much money if it really is not a good EA. Backtesting is not a very accurate way past two or three weeks for testing. It will not give you real world results. Sorry, I have been backtesting EAs for over two years and the only real genuine results are live trading pennies. I only live trade pennies after it has successfully passed live demo trading. Good luck.
  • #312
  • May 2, 2008 5:13am May 2, 2008 5:13am
I had someone ask for my pivot indicator. It automatically plots the pivot lines everyday. This one uses the Peter Bains method which also includes the mid pivot lines which are the dotted lines. If you want more information on how to use pivot lines you can put pivot lines in Google and you will get a ton of Info. Pivots have been used by professional traders for decades probably centuries. If I see a TP line below a pivot line and I am thinking price will go to a pivot and bounce, I will move the TP up above the line. Also if price goes out of range and I maybe in a possible death trade I will see if it will bounce off a support or resistance line and reverse. If it doesnt I close out the trade and take the loss or wait till it comes back to another pivot line and take a smaller loss. Attached is the indicator, just put it in your indicator folder and attach it to the chart like other indicators. I have given you two different ones, one gives more info than the other but it also clutters you screen more. So one is a simple version and the other is a more complicated version but both do the same thing.
Attached File(s)
File Type: mq4 Pivots (Bain).mq4   25 KB | 519 downloads
File Type: mq4 neilbelle_BainTDTL.mq4   22 KB | 528 downloads
  • #313
  • May 2, 2008 5:16am May 2, 2008 5:16am
Here is a pic of pivot lines on a 1H chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd pivots 1h.gif Size: 18 KB
  • #314
  • May 2, 2008 5:22am May 2, 2008 5:22am
What the 2nd on looks like.
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd pivots 1h ver 2.gif Size: 20 KB
  • #315
  • May 2, 2008 9:16pm May 2, 2008 9:16pm
intersting......
and bob good work....
do you have statistik data like rama EA???
[/quote]
Orders EURJPY GBPUSD USDJPY USDCHF
1 1088 779 385 327
2 258 456 250 177
3 169 211 112 97
4 78 120 62 69
5 32 59 38 47
6 13 43 15 21
7 4 18 8 11
8 6 10 7 7
9 0 0 0 6
TOTAL 1648 1696 877 762
The first 4 and 5 levels are the most frequency reached.[/quote]

just ide... maybe we can change the ea... ea will took order from level 4..5 or 6..7..8..9?? and make we never in "DEATH ZONE".... just ide....
  • #316
  • May 3, 2008 3:00am May 3, 2008 3:00am
Quoting KuPretMAn
intersting......
and bob good work....
do you have statistik data like rama EA???
Orders EURJPY GBPUSD USDJPY USDCHF
1 1088 779 385 327
2 258 456 250 177
3 169 211 112 97
4 78 120 62 69
5 32 59 38 47
6 13 43 15 21
7 4 18 8 11
8 6 10 7 7
9 0 0 0 6
TOTAL 1648 1696 877 762
The first 4 and 5 levels are the most frequency reached.[/quote]

just ide... maybe we can change the ea... ea will took order from level 4..5 or 6..7..8..9?? and make we never in "DEATH ZONE".... just ide.... [/quote]

Interesting concept, wonder how that would be coded??? However if it enters on the 4 th level it still statistically could go into the death trade since the trade is still going to go in the wrong direction , you just entered in the wrong direction at a later time, thats all. Lets pretend we set this up and it goes to the 4th level and then enters, however, the MA has changed directions, would you want the trade also to go in the opposite direction???
  • #317
  • May 3, 2008 8:59pm May 3, 2008 8:59pm
hello bob....
yes.... anyting can be happen in forex....
i`am not coder..but i think it is esay to code like that...pls coder
and we need more data from thepast, from data we can see... what max level can be reached.... with that we can calculate max losse will happen...and can calculate maxdrawdon.....
plus data Take profit...

"the MA has changed directions, would you want the trade also to go in the opposite direction???".... i dont think so.... if first OP(level 4,5, floating and MA change directions) we must close first OP... and OP anouther direction.. couse if first op still open... that just locking...and we need more margin... big big margin to do that..... yes this can make the profit but more complexated....

remember.... price alwasy corection.... like i have data... in GU.... after reached (plus-minus)600pip.... GU alwasy corection at least 100pip before continue move to the direction.... or in 2 day gu reached 350-400pip alwasy coretion too...this is HABIT....

we need DATA.....bob.... and we can see the HABIT.....
sorry 4 my poor englis..... thks
  • #318
  • May 4, 2008 12:29am May 4, 2008 12:29am
Quoting KuPretMAn
hello bob....
yes.... anyting can be happen in forex....
i`am not coder..but i think it is esay to code like that...pls coder
and we need more data from thepast, from data we can see... what max level can be reached.... with that we can calculate max losse will happen...and can calculate maxdrawdon.....
plus data Take profit...

"the MA has changed directions, would you want the trade also to go in the opposite direction???".... i dont think so.... if first OP(level 4,5, floating and MA change directions) we must close first OP... and OP anouther direction.. couse if first op still open... that just locking...and we need more margin... big big margin to do that..... yes this can make the profit but more complexated....

remember.... price alwasy corection.... like i have data... in GU.... after reached (plus-minus)600pip.... GU alwasy corection at least 100pip before continue move to the direction.... or in 2 day gu reached 350-400pip alwasy coretion too...this is HABIT....

we need DATA.....bob.... and we can see the HABIT.....
sorry 4 my poor englis..... thks
We have data, they are posted on page 17 post #253. I will need to update them again because all the interest rate flux will change some of the results. It gives the range of many currencies that you will need to know to develop different martingale strategies.
  • #319
  • Edited 5:30pm May 8, 2008 3:59pm | Edited 5:30pm
I know some people may be wondering how I am doing in the contest. Well it has been slow this week. Very small profits and I cut one trade for a small loss. So I am sitting just above 15% for the month. Not going to win any contest that way but the system is working. I closed out a G/U I thought was not doing well. If I had stayed with the trade another 15 M and gone one more level on my pivot chart I would have made 10.00 instead of taking a 10.00 loss. But I thought it was a good time to get out since it looks like it will continue its downtrend. But the lesson is, you dont have to take the death trade. You can get out and reenter for better positioning. All my demos are going slow so not an exciting week.
  • #320
  • May 9, 2008 12:56pm May 9, 2008 12:56pm
I have been working with the code for about a week. There are a lot of good features in it. But one of the things I found wrong was this. The stochlinemode and the stochMAmode use the same “modest” variable for two different parts of this function.
iStochastic(NULL,Stoch_TF,K_Period,D_Period,Slow_Period,mamode,0,modest,0); That will need to be changed in the EA. Unless I am missing something?

Azam575 what say you?

~tkm

double modest;
switch (stochlinemode)
{
case 1:
modest=MODE_MAIN;
break;
case 2:
modest=MODE_SIGNAL;
break;
default:
modest=MODE_MAIN;
break;
}

double mamode;
switch (stochMAmode)
{
case 1:
modest=MODE_SMA;
break;
case 2:
modest=MODE_LWMA;
break;
case 3:
modest=MODE_EMA;
break;
default:
modest=MODE_SMA;
break;
}

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