Is This My Holy Grail EA :D | Page 37 | Forex Factory

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Is This My Holy Grail EA :D

  • #721
  • Aug 27, 2008 3:13pm Aug 27, 2008 3:13pm
Quoting nanningbob
Here is the 50/40 trading .02 after 3 weeks and the 100/40 trading .10 after one week. I like what the 50/40 does and the 100/40 is reliable as ever. It has successfully traded live since Feb. THESE ARE NOT BACKTESTS.

Hello Bob,

Thank you for sharing your results. Are these demos running 24/5, or are they with closing of all positions every day, if possible with profit?
  • #722
  • Aug 27, 2008 5:22pm Aug 27, 2008 5:22pm
Quoting Toothman
Thanks for your response on these questions but I don't think I was clear enough with my question. I did'nt mean zooming in and out using different time frames. I was referring to zooming in or out on the chart size. When you do this, the value of the Macd changes. One more question, if you manually enter a trade with the EA on, will the EA take care of the trade taking profit or entering additional trades if price goes against you by 40 pips?
Sorry I misunderstood. Again the MACD system has a fatal flaw in it which we discussed earlier. That is the MACD line does wander and therefore is not an accurate indicator. As long as there are no big moves it proves itself highly accurate but if there is a big move the MACD line slides and gives you a false read.
  • #723
  • Aug 27, 2008 5:28pm Aug 27, 2008 5:28pm
Quoting bubo
Hello Bob,

Thank you for sharing your results. Are these demos running 24/5, or are they with closing of all positions every day, if possible with profit?
Right now I am running them 24/5 but will close them if there is a nice profit and restart the run. For instance, I had a 96 dollar profit and was running a negative -24. I closed all the trades and restarted it. The main reason I do this is because of my job. I am an administrator of a school and I cant watch my screen during the day. So I am not here to deal with a bad trade at times when one comes up. It takes 2-5 days for a death trade to develop so I found out if I close out occasionally, I avoid that scenario. As long as I see a profit and my margin usage is very low I will keep it running, if some of the currencies are starting to get 5-8 levels deep but there is a nice overall profit, I find it easier to just restart and then I dont have to worry about it. If, however, you are around, you can monitor it and keep it running. Time is a problem for me .
  • #724
  • Aug 27, 2008 5:34pm Aug 27, 2008 5:34pm
Quoting funyoo
Hello nanningbob,

Thanks to share your EAs and statements,

Can you post your presets for "50/40 trading .02 after 3 weeks and the 100/40 trading .10 after one week".

I have forward tested the "1D 1H 1W 100-40.ex4" expert with the default settings, I have made 6594$ of profit with 10k of deposit and in two weeks. But few days ago the equity was 2500$ only, now it is 16000$. A quite big drawdown...
WOW that is a big drawdown. Probably needed to have exited some trades before that but trading .10 can be heavy at times. Also the 1W 1D 1H trend follower did not work as well as the one that just follows the 1 D trend. For some reason all my testing has shown that only following the 1D trend works the best. Also the 50/40 does not seem to have as big of a margin usage as the 100/40. Again, using dimes actually has some risk to it where trading .05 or less seems to work much better as far as margin usage goes.
  • #725
  • Aug 27, 2008 8:09pm Aug 27, 2008 8:09pm
Again, here is an update to my test of the system.

This is a variation of nanningbob's system that I am trying.

I am using the EAs but, manually opening and closing trades in a little different way than what he has shown to work just to see what happens.

He has a proven, profitable way of trading. I have tested his way also and it has worked well for me just like it is working for him and others.

I will continue to test the strategy using some different variables just to see if I can discover the most effective way to use the system.

Note: the drawdowns I have had with this variation are much higher and the results are much more erratic than I had when using the EAs "properly" as nanningbob has been doing.

Here are the results so far, using the three demo accounts:

Date Acct#1 Acct#2 Acct#3
Aug 20: -$9.75 -$34.99 -$51.74
Aug 21: -$82.54 -$433.23 -$25.74
Aug 22: -600.21 -271.11 -$512.32
Aug 25: +$1.86 +$80.43 -$6.50
Aug 26: +$233.81-$93.48 +$165.31

Also see the previous posts for exact details on the test:
page 44, post #652
page 46, post #681
page 48, post #707
  • #726
  • Aug 28, 2008 3:16am Aug 28, 2008 3:16am
Bob,

How do you produce your equity charts that you show on here?
Had a great day yesterday closing out both EAs i am running, 40/100 with $180 for the day and the 40/50 with around $70, not bad.
How is your feeling about building an account with this strategy. I remember you saying that you should regularly withdraw from the account as you felt that there is a risk of wiping an account. Was this your view before you started closing positions everyday to avoid the death trade, or is it still your view now? I was wondering whether you could build an account up and start trading more lots as the account grows?

Steve
  • #727
  • Aug 28, 2008 8:35am Aug 28, 2008 8:35am
Quoting steveshutts
Bob,

How do you produce your equity charts that you show on here?
Had a great day yesterday closing out both EAs i am running, 40/100 with $180 for the day and the 40/50 with around $70, not bad.
How is your feeling about building an account with this strategy. I remember you saying that you should regularly withdraw from the account as you felt that there is a risk of wiping an account. Was this your view before you started closing positions everyday to avoid the death trade, or is it still your view now? I was wondering whether you could build an account up and start trading more lots as the account grows?

Steve
I developed the philosophy of with drawing money until the principal is out and you are playing with free money. After that you can try building the account. I guess it is what you are most comfortable with. Right now I just need some extra money, I dont look at trading becoming FT for now but in the distant future maybe. From my testing .10 lots almost make a FT income. What I would do if that is your goal is to take a 10,000 or 20,000 dollar demo account and see if it can handle .20 cent trade. I have never tested that range so frankly I dont know. I just know exponential trading has been the downfall of every martingale system. Trading small lots and many currencies is my suggested solution. For instance, is there a company out there that has 30 or 40 currencies and you could trade .02 lots and make a FT income and not have to worry about your margin. I dont know.

One of my demo tests is trading 7 slow currencies and trade .10 lots. Can I make that a FT income. Could I do .20?? How about the 5 fastest currencies and trade .20, could I find an acceptable margin use with that? There are so many scenarios I have not tested. What you see in this post is a whole new way of trading the forex. Where this could go I dont know? There are some things I just haven't had a chance to try. Now that I think I have proven this does work, where can we go with it?? I just know spreading the risk, enlarging the EA range, changing the multiplication factor and trading pennies solved almost all the martingale problems. Now where can we go with it??
  • #728
  • Aug 28, 2008 8:41am Aug 28, 2008 8:41am
How do you produce your equity charts that you show on here?

Go to the account history tab
Right click anywhere on the history section
Go to custom dates and put in the periods you want info on
Then right click anywhere on the history section again
Choose save as detailed report to your desktop

It will save two things: a detailed trade analysis with lots of different info
and a picture of the graph which is what you see on the previous posts.

This info is very helpful and letting you see your trades and how you are doing. My EAs consistently run a 60-70% win ration.
  • #729
  • Aug 28, 2008 8:43am Aug 28, 2008 8:43am
Bob,

You didn't mention how you produced your equity graphs.
Also, you can run 0.01 trades with a $3000 account, so i was wondering if you had a $10000, coudl you run it with 0.03 i wonder?

Also, how do you start your demo accounts with specified balances, different from the $5000 you usually get?

Steve

Edit: Sorry, just seen your post above. Still would like to know the answer to the last question though, thanks.
  • #730
  • Aug 28, 2008 8:59am Aug 28, 2008 8:59am
I just thought I would let you guys know that I have an emergency and need to leave the country. I may not be able to post after tomorrow for a week. Sorry. I will close all my demos tomorrow and I have to put 100% into something very important.
  • #731
  • Aug 28, 2008 10:57am Aug 28, 2008 10:57am
Bob - I hope you will be safe in all challenges facing you. I am sure I am speaking for many who care, and thank you for your way of sharing and being passionate and compassionate.


In the meantime, I have a question that we all may ponder. With a steady increase shown to be happening, let's say with 50/40 - will the account still grow if we have to pay the cost of getting out of death trades?

Backtesting is not so easy if we close trades daily and with somewhat subjective criteria. Perhaps we can estimate the average gain, the average cost for killing a death trade, and then see how often we can afford to pay for getting rid of a death trade, and estimate from historic data if it is all realistic?

I am just a little concerned that we ride in the same optimism as before August 2008 - only to find later that yes, the system increases gains but the rare events of getting rid of death trades are still pulling us down more than what is accumulating.
  • #732
  • Aug 28, 2008 11:44am Aug 28, 2008 11:44am
Quoting bubo
Bob - I hope you will be safe in all challenges facing you. I am sure I am speaking for many who care, and thank you for your way of sharing and being passionate and compassionate.


In the meantime, I have a question that we all may ponder. With a steady increase shown to be happening, let's say with 50/40 - will the account still grow if we have to pay the cost of getting out of death trades?

Backtesting is not so easy if we close trades daily and with somewhat subjective criteria. Perhaps we can estimate the average gain, the average cost for killing a death trade, and then see how often we can afford to pay for getting rid of a death trade, and estimate from historic data if it is all realistic?

I am just a little concerned that we ride in the same optimism as before August 2008 - only to find later that yes, the system increases gains but the rare events of getting rid of death trades are still pulling us down more than what is accumulating.
Properly killing death trades does not kill the account or cut its profits. Some may set you back a couple of days but usually make a profit for the week. I just showed how I handled the GBP over the weekend and got out for a small loss but the other currencies profits allowed the account to make a profit for the day. We call it a death trade but what we are doing is killing it before it actually becomes one. Death trades takes days or even weeks to wipe out an account. You catch it early and take a loss like you would with any other trading system. They just happen so infrequently that they dont pose too much of a problem. This EA has a lot of play room.
  • #733
  • Aug 28, 2008 1:49pm Aug 28, 2008 1:49pm
Safe journey, Bob. Thanks for all your input... we'll be here.
  • #734
  • Aug 28, 2008 1:57pm Aug 28, 2008 1:57pm
Hi all,

Here is an updated equity curve... I had the EA closed for 3 trading days last week for a quick vacation...

EA= 100/40 1.5X on daily charts, 19 currencies using ODL demo account

Yes, the balance is high but I am using .10 lots instead of .01 and I want to give this plenty of breathing room....
Attached Image (click to enlarge)
Click to Enlarge Name: 100+40 1.5x until 8 28.gif Size: 5 KB
  • #735
  • Aug 28, 2008 4:56pm Aug 28, 2008 4:56pm
Quoting nanningbob
I just thought I would let you guys know that I have an emergency and need to leave the country. I may not be able to post after tomorrow for a week. Sorry. I will close all my demos tomorrow and I have to put 100% into something very important.
Hallo Bob!

I hope you have a safe journey and I keep my fingers crossed for you that all ends well. I will only be around again regularly in 2-3 weeks still from here.

I wish you all the luck you need!
Matt
  • #736
  • Aug 28, 2008 5:28pm Aug 28, 2008 5:28pm
Quoting nanningbob
I just thought I would let you guys know that I have an emergency and need to leave the country.
Bob, I hope things work out for you.
  • #737
  • Aug 28, 2008 8:00pm Aug 28, 2008 8:00pm
Hi Bob:

I am a user of the martigale system and also I use your experts ( tp 100 +40 H4D1 BUY ONLY.mq4) and (tp 100 +40 H4D1 SELL ONLY.mq4) . I have an idea that maybe could be interesting for the system. I want to suggest that include the option to the expert that after take the profit you can choose if you want to leave the expert trade inmediatly o stop trading.

For example yo enter 40/60 and take the profit 60 pips you can say to the expert stop trading. I have this option in another experts (not martigale) that say "Continue trading" and you choose " True or False".

I think that this could be interesting for this system.

I hope that can add this option.

I appreciate all your work to this system .

Thank you
Ricardo
  • #738
  • Aug 29, 2008 1:35am Aug 29, 2008 1:35am
Bob,

Thanks for all your input in here, i hope you get everything sorted out and we will see you when you get back.

Cheers,
Steve.
  • #739
  • Aug 29, 2008 4:08am Aug 29, 2008 4:08am
Quoting fotoposter1
Hi Bob:

I am a user of the martigale system and also I use your experts ( tp 100 +40 H4D1 BUY ONLY.mq4) and (tp 100 +40 H4D1 SELL ONLY.mq4) . I have an idea that maybe could be interesting for the system. I want to suggest that include the option to the expert that after take the profit you can choose if you want to leave the expert trade inmediatly o stop trading.

For example yo enter 40/60 and take the profit 60 pips you can say to the expert stop trading. I have this option in another experts (not martigale) that say "Continue trading" and you choose " True or False".

I think that this could be interesting for this system.

I hope that can add this option.

I appreciate all your work to this system .

Thank you
Ricardo
That is in the EA but I have never used or tested it.
  • #740
  • Aug 29, 2008 4:32am Aug 29, 2008 4:32am
and we will all be wishing you the all the best while you are gone.
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