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Is This My Holy Grail EA :D

  • #341
  • Jun 9, 2008 5:59pm Jun 9, 2008 5:59pm
I am not sure what you mean but I will guess. If you are talking about Azams EA you turn the coding from false to true where its says trading on Fridays.
  • #342
  • Jun 9, 2008 11:28pm Jun 9, 2008 11:28pm
I'm using stoch power EA_2.ex4, there is no setting for 'Fridays Trade' True or False, or do you have lastest version to turn it on and off?
  • #343
  • Jun 10, 2008 9:27am Jun 10, 2008 9:27am
Well, it did it The TP 100 step +40 doubled its account account today. It has made nice steady profit since it first started April 1. Here are the results of the live demo test. It only took 54 trading days to accomplish the feat and traded on 15 currencies using pennies. Actually we are using dimes the last two weeks. Not much risk but good steady results. Here is a pic
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
  • #344
  • Jun 10, 2008 9:36am Jun 10, 2008 9:36am
Quoting bengchuan
I'm using stoch power EA_2.ex4, there is no setting for 'Fridays Trade' True or False, or do you have lastest version to turn it on and off?
Here is Azams EA with the Friday trade changed to true. MY EA that I show uses Moving Averages, his uses Stoch. I will try my 100 step +40 using sto and see if I get the same results.
Attached File(s)
File Type: ex4 stoch power EAshare.ex4   23 KB | 618 downloads
File Type: mq4 stoch power EAshare.mq4   23 KB | 884 downloads
  • #345
  • Jun 10, 2008 2:30pm Jun 10, 2008 2:30pm
Quoting nanningbob
It has made nice steady profit since it first started April 1.
Where do you keep your live account?
  • #346
  • Jun 10, 2008 5:35pm Jun 10, 2008 5:35pm
Quoting amperi
Where do you keep your live account?
I use IBFX
  • #347
  • Jun 12, 2008 12:22am Jun 12, 2008 12:22am
Quoting nanningbob
Here is Azams EA with the Friday trade changed to true. MY EA that I show uses Moving Averages, his uses Stoch. I will try my 100 step +40 using sto and see if I get the same results.
Thanks bob, I use your attached EA, system time now is 07.00, it hits below 3 for sto in 1 hour GPDUSD and EURUSD chart, but no trade, how come? Any setting on 'USE TRADING HOURS'?
  • #348
  • Jun 12, 2008 6:40am Jun 12, 2008 6:40am
Oh I dont know. I dont use the Stoch. EA, I changed everything to MA averages so I am not that familiar on how it works. I prefer using MA over stochastics when using Martingale system. I think some of the other guys have played with the sto and maybe able to solve that problem with you. If Azam is still listening can you help??

Bob
  • #349
  • Jun 12, 2008 2:42pm Jun 12, 2008 2:42pm
I have back Tested the Stoch's ... What do you have H_Level and L_Level set to ...

The Higher the H_Level, and Lower the L-Level, the less it will trade.
Put the EA in the Tester, and change these vales to 80 and 20, and see how it works. Then experiment with the settings till you get something that works for you.

ken

Quoting bengchuan
Thanks bob, I use your attached EA, system time now is 07.00, it hits below 3 for sto in 1 hour GPDUSD and EURUSD chart, but no trade, how come? Any setting on 'USE TRADING HOURS'?
  • #350
  • Jun 13, 2008 3:30am Jun 13, 2008 3:30am
Quoting teaguekm
I have back Tested the Stoch's ... What do you have H_Level and L_Level set to ...

The Higher the H_Level, and Lower the L-Level, the less it will trade.
Put the EA in the Tester, and change these vales to 80 and 20, and see how it works. Then experiment with the settings till you get something that works for you.

ken

Thank you Ken. Do you try this for live account too?
  • #351
  • Jun 13, 2008 3:32am Jun 13, 2008 3:32am
Quoting nanningbob
Oh I dont know. I dont use the Stoch. EA, I changed everything to MA averages so I am not that familiar on how it works. I prefer using MA over stochastics when using Martingale system. I think some of the other guys have played with the sto and maybe able to solve that problem with you. If Azam is still listening can you help??

Bob
Thanks Bob. Can I have your MA program? In fact I personally like MACD..... Good luck to you.
  • #352
  • Jun 13, 2008 9:43pm Jun 13, 2008 9:43pm
At the moment, No, I don't use it. I am still testing some of it's features.

It has several things I like about it ... So I plan to use it in the future ...

ken

Quoting bengchuan
Thank you Ken. Do you try this for live account too?
  • #353
  • Jun 20, 2008 3:04am Jun 20, 2008 3:04am
I had my worst week with my EA. It had its first 3 day losing streak but it wasnt much, -46 bucks over 3days but it profited 166 for the week. So I am pleased with it. I am going to set up my live account for 1000 dollars and run it without he gbp/chf and gbp/jpy. I think without these two volatile currencies it should do fine. Those are the two that will stretch it the most. If I had 3000 I would use them but I dont think a thousand is enough. Anyway here is my live demo trades since April. It is just a nice steady gain.

This 100/40 was developed during the interest rate runs in Feb and March and was the only numbers that survived those runs. I did a steady live test starting April 1st and ran it until today. I will keep it going and reporting every week on how it is doing. After 11 weeks it has posted a profit of 3,381.36 dollars. Here is the chart.

I practice closing all my trades every day and have not gotten close to the death trade since I practiced that technique. I do take an occasional loss day but those have been relatively small and few.
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
  • #354
  • Jun 20, 2008 3:08am Jun 20, 2008 3:08am
I have also tested the system playing off the daily high and lows and that has had very mixed results, mostly bad. I started yesterday trading off of the 4H candles high and lows and that looks a lot more promising. Will let you know.
  • #355
  • Jun 23, 2008 11:14am Jun 23, 2008 11:14am
Bob,

Is there a set time you close your trades? Does it depend upon the Opening and or Closeing of a particular Market? Or is it just a set time each day.

ken

Quoting nanningbob
I practice closing all my trades every day and have not gotten close to the death trade since I practiced that technique. I do take an occasional loss day but those have been relatively small and few.
  • #356
  • Edited 6:26pm Jun 23, 2008 6:15pm | Edited 6:26pm
no, there is not best set time. I check 1/2 way through the euro open and if there is a nice profit I close and I am done. I also check at US open, 1/2 through US market. Close of US market, open of Jap market.

There are four things that happen with this system.
1. The market is following the daily trend (most days) and it profits from the beginning.
2. The market is doing a retracement of the trend (some days) and you have to wait until it goes back to its trend before it takes a profit. That can happen during the Euro, US, or JPY market, sometimes even the next day.
3. The market is in reversal but most of the time there is enough retracement during the reversal to take profit or take small loss and go the other way.
4. The market is in reversal and you are facing the death trade so you look for the best way out of the trade. (take the smallest loss you can find)

In a month's time you face steps 1,2 the most and occasionally 3. Since most days (not all) I close out when I see a good profit I dont face #4. You face #4 when a retracement ends up being a reversal. Reversals take days to develop most of the time, they just dont happen overnight unless it is a big news story, like major interest rate change. I generally stay away from the big news stories with this. #3 doesnt pose much of a problem either since I close out most days. Its only after you have done this a while and seen these four different steps clearly that you find this system fairly easy and profitable. Dont get too greedy (take the profit when its there) and dont be afraid to close out a loss and I find this consistantly profitable.
  • #357
  • Jun 26, 2008 1:53am Jun 26, 2008 1:53am
Anyone here knows what is magic number? Any purpose and why must put this number in the EA? 222777?
  • #358
  • Jun 26, 2008 3:59am Jun 26, 2008 3:59am
Quoting bengchuan
Anyone here knows what is magic number? Any purpose and why must put this number in the EA? 222777?
The magic number is a tag that is put on a trade to separate it from other trades. The number used makes no difference. For instance if you want to use two different EAs, you can if you use different magic numbers. I played around with an EA that did just sells and an EA that did just buys. I had two charts of the same currency pair Eur/usd and had the sell on one chart and a buy on the other. (I tried running martingale in both directions at the same time so no matter what the currency did it would win) So if your magic numbers are different you can run more than one EA on a currency. I suppose you could run 5 EAs on one currency as long as the magic numbers are different. That way the computer program can manage the different trades without getting them mixed up. That is one use of the magic number. If there are other uses you will have to have someone else explain it.
  • #359
  • Edited 3:31am Jun 27, 2008 3:20am | Edited 3:31am
I have been testing the 100 step 40 for 5 months now. This is the chart for the last 3 months. It is live demo testing not backtesting. I have also gotten into a routine that seems to work very well. I turn the EA on just before the Japanese open around 8pm EST and I check on it 1/2 through the Euro run around 6am EST. It usually is in profit at that point. If not I would check again at US open, 1/2 way and again at the end. Only one day did I have to wait to the end of the US open to get a profit. I close all my trades and I am done. It made 200.14 using dime trades. It only went 5 levels deep one time all week. 3 times 4 levels deep and the rest of the trades were 1, 2 or 3 levels deep.

Its total profit is 3581.50 for the 3 months. At no time was it in danger of wiping out and there were less than 10 losing days during that 3 month span, only 2 days for more than 100 dollars. Some days if the currencies were near the pivot lines I would turn it back on and let it trade another 6-8 hours, it would profit some more. If they were not near their pivot lines I would not turn it back on. I also have been testing other formulas and the 100/40 works best following the daily trend. I tried 1H, 4H, weekly, High/Low etc. The only combos that work consistently are following the daily trend or daily/weekly trend (In other words it doesnt trade unless the weekly and daily are both going in the same direction.) I want to test this combo for another month before seeing if it is better than the daily trend only. Here is this weeks pic.
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
  • #360
  • Jun 27, 2008 3:31am Jun 27, 2008 3:31am
Hallo Bob!

This is indeed developing nicely and I must say, that you proved all the naysayers wrong, who said that a martingale system was not controlable!

These graphs are really impressive! I hope some guys find you here after reading your request on the 1KT thread and join me!

Have a good weekend!
Ciao!
Matt
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