Stoch EA V1.2

Quoting davidke20

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First of all, I wanted to thanks to Vegas, Sidus, Bagovino and Hendrick. Been following FF for awhile and figure out how to trade manually and code robots. Still remember the other day sitting infront of computer after broke my account with RSI14. The pain of learning on trading descreetion... gaining the bank account gradually with Vegas tunnel, follow by agressive trading of Sidus, more descreet Bagovino(I added more filter on it) and Hendrick's Phoenix making some side income besides my own trading. Many thanks to FF, and all these big time contributor.

Now, I'm here to share this EA, just completed yesterday and havent gone through many backtest as well as forward test because its now a 4 hour system, no signal to trade yet, hope you guys can test it on multiple time frame. Below attached few backtested result and the EA with source code. Settings are all in the code and the backtest result. Help yourself to optimize the maximum profit.

Its not a holy grail! I'm sure the real trading environment will be 100times complicated than the backtest, and therefor this thread is opened for discussion. I'm not responsible for any loss created by this little monster, if you make money with it, I'm not requesting for any return either. Feel free to comment and hope to help all the forum member like those senior member does to me. Good luck on your exploration

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Quoting mikhaildgreat

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Amazing backtest results. Would you be so kind as to explain the strategy employed by this EA? TP/SL Levels and Entry Exit Signals?

Regards,
Mikhail

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Quoting davidke20

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Hi there Mikhail, your turtle is a master pieace in my collections. LOL. Well, I'm not really testing it, as I grab this EA from another forum, then I revised it to become totally different from the original trading robot. I saw some potential on it because the original EA, backtest result is horrible. It wipe out the account within a month with static lot size trading. I made some modification on it, and putting in trading discreetion, immediately turned around 180 degrees. It open trade based on Stochastic 20,5,5 cross above 80 for short and 20 for long. With additional filter from RSI21. Confrimation of short position at 70% and long at 30%. I have no idea how I got those figure, because I know nuts about stochastics. I just place an indicator on the chart to do manual backtest with my eye to decide before I start the reconstruction of the EA. Its now running on GBPUSD H4, hope you guys enjoy it. Default settings all in the code. Good luck

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Quoting mikhaildgreat

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If thats a compliment thanks, hope you could also turn my turtles EA around 180 degrees Anyways will forward test this, looks promising. I suggest you also ask the guy in TSD that can backtest with 99% modeling quality to give this EA a run. just to get extra confirmation that your robot really works.

Keep up the great work,
Mikhail

PS. that EA you posted on your last reply, what a perfect downward equity slope! thank for posting it will also play around with it.

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Quoting davidke20

Disliked

Hi there Mikhail, your turtle is a master pieace in my collections. LOL. Well, I'm not really testing it, as I grab this EA from another forum, then I revised it to become totally different from the original trading robot. I saw some potential on it because the original EA, backtest result is horrible. It wipe out the account within a month with static lot size trading. I made some modification on it, and putting in trading discreetion, immediately turned around 180 degrees. It open trade based on Stochastic 20,5,5 cross above 80 for short and 20 for long. With additional filter from RSI21. Confrimation of short position at 70% and long at 30%. I have no idea how I got those figure, because I know nuts about stochastics. I just place an indicator on the chart to do manual backtest with my eye to decide before I start the reconstruction of the EA. Its now running on GBPUSD H4, hope you guys enjoy it. Default settings all in the code. Good luck

edited : this is the original EA posted at another forum from odbc

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Quoting Ronyn76

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Not sure if im doing something wrong here but I'm setting the Prefsettings value to TRUE but all the values are blank. Are you supposed to enter them all manually directly from the code?

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Quoting davidke20

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You can run them on any time frame you like. It will not limit. But the accuracy is at higher time frame, this is how it designed for at least H1 and above to be trading efficiently.

Its fully automated, all settings are embended in the code. If PrefSettings=false, then only you'll have to manually key in the parameters while you drag the EA from the Navigator to your chart. Please read the PDF guide. Its currently optimized for GBPUSD and EURUSD. If you put in multiple currency pair for trading, you'll have to change the magic number for different chart's console as well. Because if you don't change the magic number, it will return the Trade count == 1, therefor, it will not open trade when there is new signal from other symbol. You can do it this way

GBPUSD (H4) - Magic_number = 12345
EURUSD (H1) - Magic_number = 54321
USDJPY (??) - Magic_number = 23451
USDCHF (??) - Magic_number = 15432

All you have to do is change the magic number randomly. Meanwhile, the PrefSettings is optimized for GBPUSD(H4) and EURUSD(H1). It will automatically change the TP & SL with PrefSettings=true on these currency pair, the rest will have a default setting as TP100, SL25.

Regards,

David

Ignored

Quoting davidke20

Disliked

You can run them on any time frame you like. It will not limit. But the accuracy is at higher time frame, this is how it designed for at least H1 and above to be trading efficiently.

Its fully automated, all settings are embended in the code. If PrefSettings=false, then only you'll have to manually key in the parameters while you drag the EA from the Navigator to your chart. Please read the PDF guide. Its currently optimized for GBPUSD and EURUSD. If you put in multiple currency pair for trading, you'll have to change the magic number for different chart's console as well. Because if you don't change the magic number, it will return the Trade count == 1, therefor, it will not open trade when there is new signal from other symbol. You can do it this way

GBPUSD (H4) - Magic_number = 12345
EURUSD (H1) - Magic_number = 54321
USDJPY (??) - Magic_number = 23451
USDCHF (??) - Magic_number = 15432

All you have to do is change the magic number randomly. Meanwhile, the PrefSettings is optimized for GBPUSD(H4) and EURUSD(H1). It will automatically change the TP & SL with PrefSettings=true on these currency pair, the rest will have a default setting as TP100, SL25.

Regards,

David

Ignored