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Simplicity is the Key

  • #3,181
  • May 14, 2008 2:41pm May 14, 2008 2:41pm
I change the name to "Mother Of All"
Some of the random testing I am doing i attach 2 graphs for GJ and GU for the month of April 2008. GU made 1200 pips, GJ made 1100 pips. Just for quick calcualtion that the other 12 ccy pair just half of the two that will be 600x12=7,200 pips or a total of over 10,000 pips a month. Estimated average to be around 2,600 pips a week.. there is a great potential on this. I think i will hasten the forward testingof this EA. It is a waste not to use this EA.
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  • #3,182
  • May 14, 2008 2:44pm May 14, 2008 2:44pm
Quoting trader101
I change the name to "Mother Of All"
Some of the random testing I am doing i attach 2 graphs for GJ and GU for the month of April 2008. GU made 1200 pips, GJ made 1100 pips. Just for quick calcualtion that the other 12 ccy pair just half of the two that will be 600x12=7,200 pips or a total of over 10,000 pips a month. Estimated average to be around 2,600 pips a week.. there is a great potential on this.
Impressive. How long have you been forward testing this now?
  • #3,183
  • May 14, 2008 2:47pm May 14, 2008 2:47pm
Quoting calculon
Impressive. How long have you been forward testing this now?
No that is back testing, not forward testing. I will continue the testing and hopefully get it done after 2 weeks of back test to data as far back as possible.. takes alot of time though
  • #3,184
  • May 14, 2008 2:56pm May 14, 2008 2:56pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting calculon
Remember that you'll need to modify the SL and TP settings for it to work with the 6 digit quotes.
ok so what do i need to do?
  • #3,185
  • May 14, 2008 3:26pm May 14, 2008 3:26pm
Quoting MPP
ok so what do i need to do?
Add an extra zero to each. You'll have to verify this with t101.
  • #3,186
  • May 14, 2008 3:31pm May 14, 2008 3:31pm
Quoting MPP
ok so what do i need to do?
Wassup
  • #3,187
  • May 14, 2008 3:33pm May 14, 2008 3:33pm
Look through your code if its a mq4 anything that defines TP and SL add extra zero then compile it that should work
  • #3,188
  • May 14, 2008 4:04pm May 14, 2008 4:04pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting trader101
Look through your code if its a mq4 anything that defines TP and SL add extra zero then compile it that should work
traders delight 3 - no access to code it for the extra digit, is this an issue? trial run on FXpro.
  • #3,189
  • May 14, 2008 4:09pm May 14, 2008 4:09pm
I've been using FXPRO and it sure has been a hassle to manually change the TP and SL.

Fortunately, after I emailed Trader101, he sent me a version of the EA that works with the extra digit that FXPRO uses. I don't know what the purpose of the extra digit is, it just confuses things.
  • #3,190
  • May 14, 2008 4:12pm May 14, 2008 4:12pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting hansel
I've been using FXPRO and it sure has been a hassle to manually change the TP and SL.

Fortunately, after I emailed Trader101, he sent me a version of the EA that works with the extra digit that FXPRO uses. I don't know what the purpose of the extra digit is, it just confuses things.
FXCM switched over to it a while ago now, it allows them to keep spreads tighter by dealing with different banks, it also helps when getting filled or closing a trade slippage is smaller, overall it's been good thing from what i've seen.

MPP
  • #3,191
  • May 14, 2008 5:08pm May 14, 2008 5:08pm
Quoting MPP
FXCM switched over to it a while ago now, it allows them to keep spreads tighter by dealing with different banks, it also helps when getting filled or closing a trade slippage is smaller, overall it's been good thing from what i've seen.

MPP
Yep. Most banks now use fractional pip pricing for tighter spreads. The difference is that you can have a spread of 3.5 pips as opposed to 4 pips when you're using 5 digit quotes because it's rounded to the ceiling.

This is a good thing but it requires our auto-trading EAs to be modified to support it. Normally all you have to do is change the external SL and TP values but this won't work in every case specially if trading logic needs to be aware of this precision.
  • #3,192
  • May 14, 2008 7:31pm May 14, 2008 7:31pm
All my demos are down as well. Whats interesting is that Alpari is in better shape now than TVFX and ATC even thou it was loosing to those 2 till today. These drawdowns can be scary on live account but at least we have demos to get faith in the system's comeback ability. So far it hasn't failed us yet.
  • #3,193
  • May 14, 2008 7:36pm May 14, 2008 7:36pm
Quoting calculon
Yep. Most banks now use fractional pip pricing for tighter spreads. The difference is that you can have a spread of 3.5 pips as opposed to 4 pips when you're using 5 digit quotes because it's rounded to the ceiling.

This is a good thing but it requires our auto-trading EAs to be modified to support it. Normally all you have to do is change the external SL and TP values but this won't work in every case specially if trading logic needs to be aware of this precision.
I also wonder how does the variable spread affects the performace. During off hours spreads can be pretty wide.
  • #3,194
  • May 15, 2008 6:41pm May 15, 2008 6:41pm
Quoting trader101
I change the name to "Mother Of All"
Some of the random testing I am doing i attach 2 graphs for GJ and GU for the month of April 2008. GU made 1200 pips, GJ made 1100 pips. Just for quick calcualtion that the other 12 ccy pair just half of the two that will be 600x12=7,200 pips or a total of over 10,000 pips a month. Estimated average to be around 2,600 pips a week.. there is a great potential on this. I think i will hasten the forward testingof this EA. It is a waste not to use this EA.
When will this "Mother of ALL" Ea be available?
  • #3,195
  • May 16, 2008 4:06am May 16, 2008 4:06am
Hi Trader101,

Unfortunately this week we have a real big draw down.

What can we learn from that? Any suggestions?

Trade101, when will you close the trades?

Antomi
  • #3,196
  • May 16, 2008 5:47am May 16, 2008 5:47am
This is a very bad week. Its like we are being played around by the market. Every time we take a position the market reverses. Well there will be weeks like this. As usual. I’m am closing my trades at about now. And as painful as it is, I will make the report immediately. This is the last week of testing of all the EA and ended at a losing week. I would not blame any of you if you criticize the EA. I am not going to extend the testing period of the EA. Obviously, a lot will not even give a second thought about it. Overall, I think We still make a pretty good run. 4 weeks winning and loss a week. Do not loss faith in the market. There are times that it is like this, but this is very rare that the whole week for all currencies it was choppy. I think my losses ranges from 20-30% this week. The Delight loss more than the Ultimate. Reports coming up.
  • #3,197
  • May 16, 2008 7:31am May 16, 2008 7:31am
True, this weeks will be there, always. My losses are arond 25%. There I stopped all trading, for that is for my the max. A week like this does not mean the EA is bad or something like that. The thing is, can the EA recover from this drawdown. For that it is a pity that the trial period will not be extended of course.
  • #3,198
  • May 16, 2008 8:31am May 16, 2008 8:31am
Quoting WillemM
True, this weeks will be there, always. My losses are arond 25%. There I stopped all trading, for that is for my the max. A week like this does not mean the EA is bad or something like that. The thing is, can the EA recover from this drawdown. For that it is a pity that the trial period will not be extended of course.

Yes, I agree. It would be very helpful to extend the trial period.
This week was worst case and it is important to know how the EA will perform in the next weeks.
The question is whether this is just one bad week with a nice recover or a general problem of the EA?
Very often trading systems are very successful for a certain time and finally will fail because the market is always changing. Therefore it is important to adapt the strategy once in a while. For this it is important to watch the behavior of the EA in the next weeks.
Even more important for those who plan to go live with the EA.

Trader101 I would suggest - if you don't mind - to extend the trial period. It would be for all of us a good learning situation.
Thanks.

Antomi
  • #3,199
  • May 16, 2008 8:50am May 16, 2008 8:50am
Quoting antomi
Yes, I agree. It would be very helpful to extend the trial period.
This week was worst case and it is important to know how the EA will perform in the next weeks.
The question is whether this is just one bad week with a nice recover or a general problem of the EA?
Very often trading systems are very successful for a certain time and finally will fail because the market is always changing. Therefore it is important to adapt the strategy once in a while. For this it is important to watch the behavior of the EA in the next weeks.
Even more important for those who plan to go live with the EA.

Trader101 I would suggest - if you don't mind - to extend the trial period. It would be for all of us a good learning situation.
Thanks.

Antomi
But at what point do you really make a conclusion that the EA is going to work the whole time? If trial period were to be extended for another 2 weeks would that be satisfactory? What if it continues to make good gains for the next 2 weeks then have a bad week afterwards? Even if it performs good for a whole year there are no guarantees that it will always be good.

I agree that this weeks draw-down is a cause for great concern for everyone here but just like life there are no guarantees. We will have to judge the EA with the data that we have (there's plenty on this thread) and how it performs moving forward. The choice on what EA or trading strategy you will use for live trading is based on 50% the results of your paper trading and 50% faith that the EA will work in most market conditions.
  • #3,200
  • May 16, 2008 8:54am May 16, 2008 8:54am
Quoting trader101
This is a very bad week. Its like we are being played around by the market. Every time we take a position the market reverses. Well there will be weeks like this. As usual. I’m am closing my trades at about now. And as painful as it is, I will make the report immediately. This is the last week of testing of all the EA and ended at a losing week. I would not blame any of you if you criticize the EA. I am not going to extend the testing period of the EA. Obviously, a lot will not even give a second thought about it. Overall, I think We still make a pretty good run. 4 weeks winning and loss a week. Do not loss faith in the market. There are times that it is like this, but this is very rare that the whole week for all currencies it was choppy. I think my losses ranges from 20-30% this week. The Delight loss more than the Ultimate. Reports coming up.
Well, I just have to say that this week I actually made a profit! I started with $3,318.21 (using ultimate 3m) and when I closed all positions I ended up with a balance of $3,954.77 so a profit of $636.56. That was using FXDD. I am down by about $106.00 on my Interbankfx (using ultimate 3m version). On my Traders Delight (3m) I am up $267.69 using Interbankfx. All trades started on May 12. So I guess I can't complain!!
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