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Forward testing the EA-a FREE** 1M TF EA

  • #41
  • Jul 14, 2008 12:20am Jul 14, 2008 12:20am
Quoting mphpopular
Just setup the EA on demo on EU m1. Tomoro start forward testing it. Will report the result and also any bug.

Edit:
Wish to know how the EA exit the trade.

1) TP and SL. But if the price does't reach there, then it wont close?
2) I know if we click F3, when the EA reach the BombardTarget, then EA will close all trades and shut off. But is it any other conditions so that the EA will close all trades without reach the BombardTarget.
Hi there,
Unfortunately, there is no specific condition on exiting the trades besides the SL, TP, BombardTarget, and also the Manual closing offcourse.

Any suggestion?

Thank you.
-1128 Pips since 6 August 2007
  • #42
  • Jul 14, 2008 12:25am Jul 14, 2008 12:25am
Quoting atuls
I am totally new to forex trading. where can I get help about EA ? Which EA is good?
Hi, i think you should try to d a manual trading method first before you jumped in automatic trading.

There is a big gap between trading the market manually and automaticly, you should be aware of the risk and reward between trading it manually, and or automaticly.

Consider an automatic trading as a diversification.
-1128 Pips since 6 August 2007
  • #43
  • Edited 1:13am Jul 14, 2008 12:39am | Edited 1:13am
Erm i got what you mean.

I think should add something like, once the profit reach certain percentage of your equity. Then close all open position.

But i need more time to understand further. As on my screen now. The EA stop taking any trades. It takes 7 trades on today openinng session. And it stop taking trades until now. Wondering is it there is something margin setting hidden or maybe it juz did not fulfil the condition to open trades??? (got the answer : it juz open trades in minutes ago, means in earlier on the market did not fulfilthe condition of the EA)

I demo it wif USD 3000. Now wif floating +USD 80 (80pips). Now wanna try to let the EA run fully automatic. See what's will happen.

Edit:
This is something on my mind.
Put an extra condition such as, if the EA achieve floating profit of USD 100, then close all position. But this muz be adjusted according to pairs. It act similiar to BombardTarget as well. But we juz adjusted it the EA can continue to run.

What i cant figure out is, how about in floating loss???

One thing i noted is, when there is a few position whereby hedging.
Example :


Trade Floating profit / loss (PIPS)
1 ) -40
2 )-60
3 )+30
4 )+25
5 )+23
6 )+5
7 )+4

Is it posible to made some condition such that EA can close the 1st trade and 2nd trade out. The 1st and 2nd bcome a outlier of the EA.

Juz my 2cents. Not sure is it helpful or not.
  • #44
  • Edited 1:23am Jul 14, 2008 1:10am | Edited 1:23am
This is some scripts i think is useful.
copy it to your c:/metatrade/experts/script

You can use it to close all the position by the EA and so on. Faster than you close one by one.

The script is get from below.

APA reference:
Trendchaser (2008). trendchaser script. Retrieved 2008, July 14. From http://www.trendchaser.org
Attached File(s)
File Type: zip script.zip   2 KB | 439 downloads
  • #45
  • Edited 3:13am Jul 14, 2008 3:00am | Edited 3:13am
Trail bug?? Or my mt4 bug?

Is it only after certain amount of pips earn. Then only it will trail the SL? This is as what i observe, Until now. I have the second trade which is trailing now.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: trail.jpg Size: 130 KB
Click to Enlarge Name: trail2.jpg Size: 214 KB
  • #46
  • Jul 14, 2008 7:58am Jul 14, 2008 7:58am
So when wil we see the live one maybe.
Thanks for everything this is a wonderfull EA!
  • #47
  • Jul 14, 2008 8:25am Jul 14, 2008 8:25am
This is statement until now.

Fully authorized for EA to enter trades.
Manual exit trades for EA.

Once the floating profit reach USD 70 or 70pips.
I will use close_all scripts to close all position.

Tomoro might try what happen if the EA run out fully authorized for both entry and exit. Tomoro is a day to try the Trailing, SL and TP.

Edit:
One day reach +170pips. So far this EA is really potential. I juz wonder how much the maximum DD it ever tried. Anyone experienced the largest DD?
Attached File(s)
File Type: zip 1st day.zip   2 KB | 403 downloads
  • #48
  • Jul 14, 2008 12:11pm Jul 14, 2008 12:11pm
Quoting dragonk100
So when wil we see the live one maybe.
Thanks for everything this is a wonderfull EA!
hai!
thank you for trying the EA.

Any input is very welcome
about the live version, please understand that i could not attach the live version on the forum, because i need to make sure that the user is allready test the EA before he/she is going to implement the EA on their live account.
please PM me to get the live version
i will send the EA under one circumstance : "You are familiar with the EA, and you know when you should stop your profit"

please note that :

Every EA has their own RISK

and about "safer" usage on the EA, here is a guide:
1. Limit the EA to trade only 10 Trades on each day, (Through the MaxSimultaneousOrders parameters)
2. 50 Pips daily target is the normal target
3. Do not run the EA when the market is on it's daily oversold and overbought condition

Thank you.
-1128 Pips since 6 August 2007
  • #49
  • Edited 6:26am Jul 15, 2008 4:02am | Edited 6:26am
I currently testing on two things.

One is using trail function.

Another one is using specific SL and TP.

I will report the result here after one weeks of testing.

Wish more people can join into this EA for testing for a better exit.

Edit:
@yohan_ip
How only i can set the Ea so that it only take 0.1lot for every trade. I dunno why so strange. I using fxpro demo, it works without any problem. But over alpari and ibfx demo, it keep on change the lot size.
  • #50
  • Jul 15, 2008 7:42am Jul 15, 2008 7:42am
Thanks for this great EA yohan.
This question has been asked before but i dont think it has been answered. What setting do we use to so sthe EA starts trading again once we reached the "We finally have reached the target"
if you could explain step by step i would appreciate...
  • #51
  • Jul 15, 2008 12:20pm Jul 15, 2008 12:20pm
Hi everyone,

Ok,I have/had a number of demos going and the results are this.I had a demo at $1000 and $1500 start and they had no chance at all so bottom line is to make sure you start with enough in the account.The $3000 demo for which I posted results climbed to $4800+ then dropped to $1600 on account of stops being hit and equity closure protection used from a seperate EA.
Interesting enough,one demo starting at 25K on 7 pairs has had ECP hit and is down now to 14K.The other 25k account I had the EA on 17 pairs and find they more or less hedge themselves.It has made $3200+ in 1 day and is presently $825 in the plus.Statement attached.
I have this set on default.
Joker...when you want to chage the target press F3 and a global variable box will appear.Change the BombardTarget to what ever amount you would like.It will close all trades when the target is hit then reset with F3 again.
mphpopular...to set to 1 I'm pretty sure change the coef1 to 1 instead of 2.Not 100% on this but on other martingals I've used I've change a setting to 1.5...1...and so forth depending on the risk I want.

David
Attached File(s)
File Type: doc Bomb2.doc   243 KB | 449 downloads
  • #52
  • Jul 15, 2008 12:56pm Jul 15, 2008 12:56pm
Good result over tehre. As i can see from your statements, I guess the EA is made to decide the lot size themselve according to martingale approach.

That means my demo over fxpro having kind of bug whereby all the trade was taken using 0.10 lots.

Whereby also means that IBFX is working correctly whereby the lot size is keep on changing.

Still waiting for yohan_ip answer for this since he is the founder of this.
  • #53
  • Jul 16, 2008 5:07am Jul 16, 2008 5:07am
Quoting mphpopular
Good result over tehre. As i can see from your statements, I guess the EA is made to decide the lot size themselve according to martingale approach.

That means my demo over fxpro having kind of bug whereby all the trade was taken using 0.10 lots.

Whereby also means that IBFX is working correctly whereby the lot size is keep on changing.

Still waiting for yohan_ip answer for this since he is the founder of this.
Hi there,

i'm so excited because there are so manny who would love to help forward teesting the EA, but yet i still had to find the best exit procedure for the EA..

Hmm..

Oh yes, about the lot sizes, the EA will dinamically calculate the lot it need by using the global variable : First_Deposit, whenever your account equity reached bellow this variable, the EA will automaticly adjust the lot sizes..

I couldn't thank you enough to all of you who had participate

Regards,
-1128 Pips since 6 August 2007
  • #54
  • Jul 16, 2008 5:06pm Jul 16, 2008 5:06pm
Quoting spiritfriends
Hi Yohan ip

Azjef brought this to my attention on another forum so I loaded it on a demo last night.I've attached the statement.All settings were default.Very impressive.
The market was quite active which was a great test.I started at a low balance to see how DD would be with pairs applied and it passed with flying colors.I've tried just about every martingale mutant out there and yours definatley shows great potential.I look forward to testing this live.

I had to put the statement into Word to load.

David aka spiritfriends
what is the configuration to secure that result? porfavor porfavor aclaranos sell and two two four simultaneously to me east ea because put I it and abre operacines buy. I do not understand it. greetings
  • #55
  • Jul 16, 2008 7:13pm Jul 16, 2008 7:13pm
I still waiting for yohan_ip to upload the template in order to understand more about the entry rules. I know due to some privacy, yohan need to keep the coding, it is ok for me. But i still need yohan to post up template and at least i need to know the basic entry rule to do better.
  • #56
  • Jul 17, 2008 6:50am Jul 17, 2008 6:50am
Quoting fray
what is the configuration to secure that result? porfavor porfavor aclaranos sell and two two four simultaneously to me east ea because put I it and abre operacines buy. I do not understand it. greetings
Hi Fray,

All my demos and results are on default settings.Just load the EA as is on the chart and adjust the global variable using F3 and away it will go.

David
  • #57
  • Jul 17, 2008 7:25am Jul 17, 2008 7:25am
PLEASE HOW CAN I GET GOOD EA THAT WILL MAKE 100PIPS A DAY......IF YOU HAVE A GOOD ONE SEND TO ME OK....

Quoting yohan_ip
He
llo to all fellow trader here..
i would like to propose a possibly profitable EA here..

It is possible to achieve 100s of pips in one day (That is along with the profits and the rebates)

Note : the EA use a martingale system, therefor i suppose the EA will runs smoothly on low volatility pair such as EURUSD

Thank you for reading and testing

Regards,
Yohan

Modified to a newer version :
version 1.45 08 Juli 2008
Note : the default parameters suited for any pair with a low volatility
  • #58
  • Jul 17, 2008 11:56am Jul 17, 2008 11:56am
Quoting Jtmoney
PLEASE HOW CAN I GET GOOD EA THAT WILL MAKE 100PIPS A DAY......IF YOU HAVE A GOOD ONE SEND TO ME OK....
Every EA have their own ability if we can configure them well.

As so far as i gone into, the most profitable EA is those half EA half manual one. Whereby most of the EA provide us with good entry, problem is how to control exit, in most of the CASE, we manage a better exit compare to EA.

Mostly, i will advice people to understand at least the basic or the fundamental of the EA before use it. This is why i wish can get the template from our yohan_ip.
  • #59
  • Jul 17, 2008 7:32pm Jul 17, 2008 7:32pm
So far soooooo good!!!! :-)

I met my target goal again of $100 on a mini account with EUR-USD and all trades were closed which is fine with me...Woo-wooo!!!!

Keep up the good work, Yohan!!!!!
  • #60
  • Jul 17, 2008 7:49pm Jul 17, 2008 7:49pm
Quoting bnbb2004
So far soooooo good!!!! :-)

I met my target goal again of $100 on a mini account with EUR-USD and all trades were closed which is fine with me...Woo-wooo!!!!

Keep up the good work, Yohan!!!!!
\

Any statement or more info? Nid to know more about the drawdown and how many lots have the Ea open in order to get USD 100, nid to calculate the margin for real account usage. How much we nid to run this EA??? The risk is until where?

@yohan_ip
Will you be free over the weekend? Hope you can do something on the code if posible? Also the template. All the entry and lots rule are hidden and very difficult to figure it deeply...
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