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The simple stupid system

  • #441
  • Aug 24, 2008 2:35pm Aug 24, 2008 2:35pm
Thanks, Zen Leow. I have loaded the EA on demo accounts on 15 minute charts on EUR/USD, GBP/USD, USD/JPY, USD/CHF, and EUR/JPywith a TP of 50 on Interbank and WHC demo accounts., and changed the time to run 24 hours. This should be a good test, and also will comkpare the results on all time frames. Will report back afterwards.
Quoting Zen_Leow
This is version 1. I've yet to test it thoroughly so do let me know if you find anything peculiar. I've described the usage in the pdf attachment. have fun!

Good luck and good trading.

best regards,
Zen
  • #442
  • Aug 24, 2008 3:28pm Aug 24, 2008 3:28pm
Quoting Zen_Leow
This is version 1. I've yet to test it thoroughly so do let me know if you find anything peculiar. I've described the usage in the pdf attachment. have fun!

Good luck and good trading.

best regards,
Zen
Thanks Zen testing it on demo too
  • #443
  • Aug 24, 2008 5:49pm Aug 24, 2008 5:49pm
Hey Zen, thanks for your work on the EA, testing it now as well.
One clarification, on the signal and exit buffer setting:
These are still in relation to the number of bars, not timeframe right? So default of 5 and 15 are 5 bars and 15 bars?
Also, the exit buffer is just how many bars you give it for the signals to align to trigger an exit, it has no relation to how long it's been since you have entered the trade?

Thanks again, I look forward to seeing the results!
  • #444
  • Aug 24, 2008 5:50pm Aug 24, 2008 5:50pm
Thanks very much Whanone for this.
I have created an EA for this strategy.
I decided to post the report before i post the source code.
Please tell me if you think this is good enough.

PS: The test period is 27.05.2008 -> 22.08.2008
Attached File(s)
File Type: zip StrategyTester.zip   14 KB | 414 downloads
  • #445
  • Aug 24, 2008 5:52pm Aug 24, 2008 5:52pm
Quoting krufx
Thanks Zen testing it on demo too
Ok don't know if this is a fault but it just closed an open short order
9 pips b4 my stop loss eg. SL was 162.40 (value 30)it closed it @ 162.49,
is this anything to do with that floating stop

Thanks
  • #446
  • Aug 24, 2008 5:53pm Aug 24, 2008 5:53pm
Hello,

Your model quality is only 48%. You need to be at 90% in order for your backtests to show any reliable figures.

Regards,
Jeff

Quoting taravolta
Thanks very much Whanone for this.
I have created an EA for this strategy.
I decided to post the report before i post the source code.
Please tell me if you think this is good enough.

PS: The test period is 27.05.2008 -> 22.08.2008
  • #447
  • Aug 24, 2008 5:53pm Aug 24, 2008 5:53pm
Quoting Zen_Leow
This is version 1. I've yet to test it thoroughly so do let me know if you find anything peculiar. I've described the usage in the pdf attachment. have fun!

Good luck and good trading.

best regards,
Zen
Which QQE.mq4 indicator do you use? please attach it.
Thanks
  • #448
  • Aug 24, 2008 5:55pm Aug 24, 2008 5:55pm
Quoting azjeff
Hello,

Your model quality is only 48%. You need to be at 90% in order for your backtests to show any reliable figures.

Regards,
Jeff
I tried everything to get that % but i couldn't. can you help ?
  • #449
  • Aug 24, 2008 6:06pm Aug 24, 2008 6:06pm
Hello,

I can not post the website link here as it would be against FF rules. All you need to do is google these words. alans forex blog how to achive 90% quality.

Regards,
Jeff

Quoting taravolta
I tried everything to get that % but i couldn't. can you help ?
  • #450
  • Aug 24, 2008 6:28pm Aug 24, 2008 6:28pm
Hello Zen,

My friend very good work. As always, people should demo test the ea out and let's try to come up with some profitable settings.

Regards,
Jeff

Quoting Zen_Leow
This is version 1. I've yet to test it thoroughly so do let me know if you find anything peculiar. I've described the usage in the pdf attachment. have fun!

Good luck and good trading.

best regards,
Zen
  • #451
  • Aug 24, 2008 7:29pm Aug 24, 2008 7:29pm
I did what it said, downloaded the data on another MT4 client and performed my tests.
This time i got 125 mismatched chart errors and modeling quality n/a

I did some optimization that increased the net profit. The trading between 8-9 GMT only and moving the stop to breakeven at +60 pips gave the best results.
This test is between 2007.11.14 - 2008.08.22
Attached File(s)
File Type: zip StrategyTester.zip   14 KB | 369 downloads
  • #452
  • Aug 24, 2008 8:11pm Aug 24, 2008 8:11pm
Quoting taravolta
I did what it said, downloaded the data on another MT4 client and performed my tests.
This time i got 125 mismatched chart errors and modeling quality n/a

I did some optimization that increased the net profit. The trading between 8-9 GMT only and moving the stop to breakeven at +60 pips gave the best results.
This test is between 2007.11.14 - 2008.08.22
Hi tara, i see u have TP set to 0
  • #453
  • Aug 24, 2008 8:41pm Aug 24, 2008 8:41pm
Zen, thank you for your efforts on the ea, I am testing it on the one min just to see if it is working properly. Amazingly it is making money on my demo account so great work. However, it will open another trade before the pevious one is closed. In the pdf, you said that it is programmed so that it would not do this. Something to take a look at. Will let you know if I find anyhting else and on the performance.

Best Regards
Bradev
  • #454
  • Aug 24, 2008 9:15pm Aug 24, 2008 9:15pm
Can some explain the floating, jumping stops in reference to BE pips, in other words what would u normally set them at to work, say it i had my TP
100, set my BE 25, and TS 20, would that mean the Stop would float up per 20 pips ??? Same as jumping stops please explain what to set them & how they work thanks very much

kev
  • #455
  • Aug 24, 2008 10:07pm Aug 24, 2008 10:07pm
Quoting krufx
Ok don't know if this is a fault but it just closed an open short order
9 pips b4 my stop loss eg. SL was 162.40 (value 30)it closed it @ 162.49,
is this anything to do with that floating stop

Thanks

something that I forgot to mention in the manual...

the EA will only start to trail after it has done the breakeven modification, regardless if you're using floating stop or jumping stop. the trail will not start unless the position has moved in your favor by BreakevenPips amt.

as for exit. there's a few ways the EA will exit. either, the Stoploss level or TakeProfit level has reached... or a signal of the opposite direction has occurred. that may explain why it has closed early. btw, just curious, did this save you in that trade or did you get whipsawed by this feature?
Programming for a better future.
  • #456
  • Aug 24, 2008 10:25pm Aug 24, 2008 10:25pm
Quoting krufx
Can some explain the floating, jumping stops in reference to BE pips, in other words what would u normally set them at to work, say it i had my TP
100, set my BE 25, and TS 20, would that mean the Stop would float up per 20 pips ??? Same as jumping stops please explain what to set them & how they work thanks very much

kev
okok... I've just awoke so I'll answer this now.

ok say you have these settings.

TakeProfit = 100
BreakevenPips = 25
TrailingStop = 20
UseFloatingStop = true

This will mean the EA will use floating stop after it has done the breakeven. lets assume you've opened a long position. the trailing doesn't start yet. it waits for the position to be in profit by +25pips, modify the position to breakeven. then the trail starts. floating trail means it will constantly move upwards (for a long) with the price seamlessly keeping a (e.g. 20 pips) distance. as the price moves up pip by pip, the stop moves up as well. when the price deteriorates, the stop holds its ground to secure your profit. when price moves back up again with over 20 pips distance from your stop, the stop level starts moving up again. This method is preferred by conservative traders.


ok say you have these settings.

TakeProfit = 100
BreakevenPips = 25
TrailingStop = 20
UseFloatingStop = false

that means it will use Jumping stop. Again, I'll wait for the breakeven to kick in first. now jumping stop defers to floating stop in a way the stoploss level doesn't move seamlessly with the price but moves by leaps and bounds. ok so you have a long position. price moves +25, stoploss move to breakeven. but the stoploss level will hold at this breakeven level until the price has moved by +40 pips. then the stop will be moved (jumped) to +20. when price moved by +60, stop level jumps to +40. in other words the stop level will jump to 20 pips away from the price IF the price has moved twice that amt away (in your favor) from the stop level. This kinda trailing stop gives the position more free zone to move and you probably have a better chance of locking in more profits with less whipsaws... but then again, the stop only moves after the price has moved by 2 X trailing stop amt. that's quite a bit for the average trader to stomach.

ok say you have these settings.

TakeProfit = 100
BreakevenPips = 25
TrailingStop = 0
UseFloatingStop = true or false

No trailing stop will be used.


choice is up to you.

good luck and good trading. =)

regards,
Zen
Programming for a better future.
  • #457
  • Aug 24, 2008 10:29pm Aug 24, 2008 10:29pm
Quoting taravolta
Which QQE.mq4 indicator do you use? please attach it.
Thanks
please refer to post 371 for the indicators used.

here's the link

http://www.forexfactory.com/showpost...&postcount=371

regards,
Zen
Programming for a better future.
  • #458
  • Aug 24, 2008 10:30pm Aug 24, 2008 10:30pm
Hello. I started to test the EA on my VPS tonight, will let everyone know how it goes.

Is it advisiable to use EA on 15 M chart?
Skype: heliosphan187
  • #459
  • Aug 24, 2008 10:30pm Aug 24, 2008 10:30pm
Quoting Zen_Leow
okok... I've just awoke so I'll answer this now.

ok say you have these settings.

TakeProfit = 100
BreakevenPips = 25
TrailingStop = 20
UseFloatingStop = true

This will mean the EA will use floating stop after it has done the breakeven. lets assume you've opened a long position. the trailing doesn't start yet. it waits for the position to be in profit by +25pips, modify the position to breakeven. then the trail starts. floating trail means it will constantly move upwards (for a long) with the price seamlessly keeping a (e.g. 20 pips) distance. as the price moves up pip by pip, the stop moves up as well. when the price deteriorates, the stop holds its ground to secure your profit. when price moves back up again with over 20 pips distance from your stop, the stop level starts moving up again. This method is preferred by conservative traders.


ok say you have these settings.

TakeProfit = 100
BreakevenPips = 25
TrailingStop = 20
UseFloatingStop = false

that means it will use Jumping stop. Again, I'll wait for the breakeven to kick in first. now jumping stop defers to floating stop in a way the stoploss level doesn't move seamlessly with the price but moves by leaps and bounds. ok so you have a long position. price moves +25, stoploss move to breakeven. but the stoploss level will hold at this breakeven level until the price has moved by +40 pips. then the stop will be moved (jumped) to +20. when price moved by +60, stop level jumps to +40. in other words the stop level will jump to 20 pips away from the price IF the price has moved twice that amt away (in your favor) from the stop level. This kinda trailing stop gives the position more free zone to move and you probably have a better chance of locking in more profits with less whipsaws... but then again, the stop only moves after the price has moved by 2 X trailing stop amt. that's quite a bit for the average trader to stomach.

ok say you have these settings.

TakeProfit = 100
BreakevenPips = 25
TrailingStop = 0
UseFloatingStop = true or false

No trailing stop will be used.


choice is up to you.

good luck and good trading. =)

regards,
Zen
Got it thanks for your time
  • #460
  • Aug 24, 2008 10:39pm Aug 24, 2008 10:39pm
Quoting Dirtybrown
Hello. I started to test the EA on my VPS tonight, will let everyone know how it goes.

Is it advisiable to use EA on 15 M chart?
Well DB, i'm only testing it at the mo on demo, but TF15 will probably give
you more trades, up to you personally what u want to use, i have heard others using the system not the EA on H1 & other tf's as well

Good luck, & u should only demo it for now
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