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  • #181
  • Feb 14, 2007 7:26am Feb 14, 2007 7:26am
Quoting mikhaildgreat
PS. I havent put the MA stoploss yet, I will have it ready by the next version. TY.

Bravo. A dedicated PC, a fresh demo account and myself are eagerly waiting for the next version. By now, I'm sure that the MA SL is the right way to go.

Your work is greatly appreciated, Mikhail!

Ilan
sans peur et sans reproche
  • #182
  • Feb 14, 2007 7:53am Feb 14, 2007 7:53am
Can anyone describe this martingale to me please?

Thanks,

BP
  • #183
  • Feb 14, 2007 10:01am Feb 14, 2007 10:01am
Quoting BearPaw
Can anyone describe this martingale to me please?

Thanks,

BP
http://en.wikipedia.org/wiki/Martingale_(betting_system)

It basically doubles your lots after every loss. Might be interesting with this method as it is supposed to have few loses in a row, but it's still risky and will wipe out your account if the EA goes haywire.
  • #184
  • Feb 14, 2007 10:41am Feb 14, 2007 10:41am
Here is a copy of a post and my reply in the other thread...I would like to have input if my results are unique or if others have mirrored my results.

.....BP....

Quoting 1Sundevil
I started late yesterday afternoon, around the end of the NYC session. So far the EA has dropped me in 5 demo trades and all 5 have been successful.

GBP +20
EUR +11
GBP +20
EUR +20
JPY +15

total +86

My demo account was at $5,100 when I stared and is now at $5,492.76 an increase of 7.7% in one day. I am just going to keep the computer on and the EA active all week. The JPY trade was opened and closed as I slept last night.

So far so good for this strategy. I'm using a 50 pip SL and a 15 or 20 pip TP as is recommended on the first page. I have loaded the EA for only four currencies: GBP/USD, EUR/USD, USD/CHF and USD/JPY.
I am using the EA...beta 3...with all the currencies that Forexpert recommended except CADJPY cause my broker does not have it.

yesterday I was entered into GBP trade once and usdjpy trade twice.

Here is what was entered yesterday and the results. My TP is as Forexpert recommended. My SL is at 20. Maybe the stop loss needs to be changed? Have not looked at that.

NZDUSD +25
EURCHF -20
EURCHF +15
GBPUSD -20
CHFJPY -20
AUDJPY +15
USDJPY -20
CHFJPY +15
USDJPY +15

Currently there are no open positions. A very slow day so far.

BP
  • #185
  • Feb 14, 2007 11:03am Feb 14, 2007 11:03am
Quoting BearPaw
Currently there are no open positions. A very slow day so far.

BP
Same here, no positions opened. Now correct me if I'm wrong here, but since the MA (5) has to cross the 85 and 75 for a trade to be entered, what do we do when the trend is moving away from the red lines?

To be honest, if the system can generate even +50 pips a week or more consistently then it's a HUGE winner. +86 yesterday may have been a fluke as I was still tuning the data on the EA.
  • #186
  • Feb 14, 2007 11:15am Feb 14, 2007 11:15am
Quoting 1Sundevil
Same here, no positions opened.Now correct me if I'm wrong here, but since the MA (5) has to cross the 85 and 75 for a trade to be entered, what do we do when the trend is moving away from the red lines?

To be honest, if the system can generate even +50 pips a week or more consistently then it's a HUGE winner. +86 yesterday may have been a fluke as I was still tuning the data on the EA.
I dont have the answer to your first question Sundevil. I agree on the positive pips action. I wonder if your stop loss is what is making it different for you?

We shall see.

BP
  • #187
  • Feb 14, 2007 11:25am Feb 14, 2007 11:25am
Quoting BearPaw
I dont have the answer to your first question Sundevil. I agree on the positive pips action. I wonder if your stop loss is what is making it different for you?

We shall see.

BP
I can tell you that if my SL was at 20 pips I would have been stopped out of both GBP trades. Also, both were at +20 before dropping down to -20 and then back up again (see 11:30pm EST). Initially I had my TP at a much higher level and then, after seeing it drop, rethought my strategy and felt that the system originator was correct in going after +15 and +20 TP's with higher lots. Again, 7.7% increase in one day with 5 trades in unbelievably good. Let's hope that it does close to this we ll over the long haul.
  • #188
  • Feb 14, 2007 11:34am Feb 14, 2007 11:34am
Quoting BearPaw
Can anyone describe this martingale to me please?

Thanks,

BP
Hi Bearpaw to the best of my knowledge the martingale will keep doubling your lot amount if you lose until you get a winner. Could be very profitable but also could devistate your account if several losses in row occur....Valerie.... P.S. Anyone if I'm wrong please correct me.....:
  • #189
  • Feb 14, 2007 11:43am Feb 14, 2007 11:43am
Quoting amaruenterprise
Hi Bearpaw to the best of my knowledge the martingale will keep doubling your lot amount if you lose until you get a winner. Could be very profitable but also could devistate your account if several losses in row occur....Valerie.... P.S. Anyone if I'm wrong please correct me.....:
Thanks Amaru (Valerie)....guess I dont want to jump into that!!

BP
  • #190
  • Feb 14, 2007 11:56am Feb 14, 2007 11:56am
Quoting amaruenterprise
Hi Bearpaw to the best of my knowledge the martingale will keep doubling your lot amount if you lose until you get a winner. Could be very profitable but also could devistate your account if several losses in row occur....Valerie.... P.S. Anyone if I'm wrong please correct me.....:
Valerie, you are absolutely correct. Martingale was a fromula developed for gambling a few hundred years ago, It is mathematically sound, but if one gets on a losing streak, their account can be depleated in short order... One way to help avoid that is to use smaller positioning and or to only go a certain number of levels deep. and then start over and accept the loss.

Another way is to disperse the loss in a sequence of trades.

The problem is these are all negative progression methods.
Another is D'Alembert method, which while risky is not as risky, but still negative progression. Just google it and you will see how it works.
  • #191
  • Feb 14, 2007 3:55pm Feb 14, 2007 3:55pm
Hello Again,

I hope by now you have found some profitable settings. This EA has a few additional features that may further enhance the win rate of the EA.

Here are the new features:

MinCrossDistance = this is the minimum required distance in pips between 5MA and the 75&85 MAs before the Cross is considered valid. This option gets you in the trade a little later but also prevents whipsaws due to entering too soon. Sometime EA will even miss a trade if the cross between the MAs are too small. Set to zero if you want to disable this option.


MA_StopLoss = "---------- MA StopLoss Settings";

useMAStopLoss = set to true if you want to use 85 and 75 MA as stoploss. Stoploss will be placed on either at 85 or 75 MA depending on which is further from the entry price.

MINStopLoss = if MA stoploss is less than this value MINStopLoss will be the value used as stoploss
MAXStopLoss = if MA stoploss is greater than this value MAXStopLoss will be the value used as stoploss

I found that MinCrossDistance greatly enhances the win rate of the EA.

I hope I explained that clearly if you have any questions and suggestions, don't hesitate to post. Also if you discover some profitable settings please share it in the thread as well.


Enjoy,
Mikhail
Attached File(s)
File Type: mq4 Pouria EA V-1.1.mq4   20 KB | 534 downloads
  • #192
  • Feb 14, 2007 5:42pm Feb 14, 2007 5:42pm
Mikhail,

What time zone are you in? And when are you usually looking at the thread/forex issues?

Thanks,

BP
  • #193
  • Feb 14, 2007 7:43pm Feb 14, 2007 7:43pm
Can we include some logic to check the news and not to trade?
Can this be an addition to the EA?
  • #194
  • Feb 14, 2007 11:18pm Feb 14, 2007 11:18pm
Quoting BearPaw
Mikhail,

What time zone are you in? And when are you usually looking at the thread/forex issues?

Thanks,

BP
I live in GMT +8 timezone. but my body clock is a whole different story I check the thread/issues whenever I'm home then add the necessary modifications when I have time.

Quoting meltri
Can we include some logic to check the news and not to trade?
Can this be an addition to the EA?
Yup this can be an addition to the EA but I believe this should be added much later, We can add thi when we already have proven that EA can generate profits, and we find the best settings for each pair.

-Mikhail
  • #195
  • Feb 15, 2007 1:31am Feb 15, 2007 1:31am
Quoting mikhaildgreat
I live in GMT +8 timezone.
I live in GMT+2 zone, so it was so nice to get up in the morning and find all these goodies in the sock! MinCrossDistance is a great thing. I find it especially useful in the end of the US and during the Asian sessions (GMT 18:00-06:00), when the prices sometimes cross for less than 6 points and then go back.
Thank you, Mikhail-d-Santa-Claus!
sans peur et sans reproche
  • #196
  • Feb 15, 2007 3:40am Feb 15, 2007 3:40am
eurgbp entered into a trade just now...but it doesnt look like it should have.

Entered a buy.

Anyone else see that?

BP
  • #197
  • Feb 15, 2007 3:44am Feb 15, 2007 3:44am
Quoting mikhaildgreat
Hello Again,

I hope by now you have found some profitable settings. This EA has a few additional features that may further enhance the win rate of the EA.

Here are the new features:

MinCrossDistance = this is the minimum required distance in pips between 5MA and the 75&85 MAs before the Cross is considered valid. This option gets you in the trade a little later but also prevents whipsaws due to entering too soon. Sometime EA will even miss a trade if the cross between the MAs are too small. Set to zero if you want to disable this option.


MA_StopLoss = "---------- MA StopLoss Settings";

useMAStopLoss = set to true if you want to use 85 and 75 MA as stoploss. Stoploss will be placed on either at 85 or 75 MA depending on which is further from the entry price.

MINStopLoss = if MA stoploss is less than this value MINStopLoss will be the value used as stoploss
MAXStopLoss = if MA stoploss is greater than this value MAXStopLoss will be the value used as stoploss

I found that MinCrossDistance greatly enhances the win rate of the EA.

I hope I explained that clearly if you have any questions and suggestions, don't hesitate to post. Also if you discover some profitable settings please share it in the thread as well.


Enjoy,
Mikhail
Mikhail,

Thanks for your continued hard work, an in particular thanks for adding the MA as a stop loss, I think it may be of value.

I'll continue to test.

Rogerha
  • #198
  • Feb 15, 2007 4:19am Feb 15, 2007 4:19am
eurgbp entered into a trade just now...but it doesnt look like it should have.

I had that, i thought it was triggered by the news spike so i manually closed when it was at 0 pips, rather get nothing than lose on a possible retrace.

currently have 2 trades open USD/JPY and USD/CHF both currently losing, but had a GBP/USD winner earlier for 20 pips

running v1.1
  • #199
  • Feb 15, 2007 5:44am Feb 15, 2007 5:44am
Mikhail,

I didn't enter a recent trade on Cable with the new version. I can only assume looking at my settings that I have made a mistake with the MinCrossDistance parameter which I have set to 1.0 ?

What exactly is that ? Its the only difference to my previous settings with the older EA.

Thanks

Rogerha
  • #200
  • Feb 15, 2007 5:52am Feb 15, 2007 5:52am
Hello,

the new EA open an GBPUSD trade, and is now -15. Well see.
I post later.

Cheers
Mobsie
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