Is This My Holy Grail EA :D | Page 39 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The HOLY GRAIL 130 replies

Developing the "Holy Grail" Trading System 4 replies

Holy grail trading system wanted, or nearest thing to it! 43 replies

6 Steps To Finding Your Personal Holy Grail 6 replies

The Search for the Holy Grail 1 reply

Attachments: Is This My Holy Grail EA :D
Exit Attachments

Is This My Holy Grail EA :D

  • #761
  • Sep 3, 2008 10:58am Sep 3, 2008 10:58am
This was a great day for trading!

Shut down today with $474.44 profit on the 100x40.

Awesome.

A nice day on most pairs where we had a good move in one direction followed by a nice retracement and the EAs made money in both directions.

Another example of how well this works.

Avoid the death trade and be patient and there should be more days like this.

Good trading,
PD
  • #762
  • Sep 3, 2008 8:00pm Sep 3, 2008 8:00pm
Nice one Dave.
I am a little confused on when you are shutting your 40/100 system down. I think you are running it for a couple of days and then shutting it, or are you shutting it and restarting every day?
They are great results. I shut down everyday with a 40/100 and 40/50 when i see a good profit. I also have another 40/100 that i am leaving longer so i get used to seeing the profit fluctuations and i just stop and restart when i see a nice profit.

Results so far: 8 days 40/100 $539 profit, 8 days 40/50 $485 profit,
The other 40/100 i started 2 days ago, $347.

I will post the graphs later today some time. It does seem that i am often shutting down my original 40/100 prematurely but as Bob says, it does prevent the death trade by doing this and these are very nice returns. Market conditions at the moment are producing strong trends so will be nice to see some range bound times as well and to see things get caught up in some reversals.

Overall though, this looks great, and very little work needed, just need to be able to manage the losses when they arrive.

Steve
  • #763
  • Sep 3, 2008 8:13pm Sep 3, 2008 8:13pm
Ok graphs:

I started with $5000 by mistake but have been trading as if its a $3000 account so just pretend the starting balance was $3000.

First is the 40/100 for the last 8 days,
Second is the 50/100
Third is the other 40/100 for 2 days:

Steve
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
Click to Enlarge Name: DetailedStatement2.gif Size: 5 KB
Click to Enlarge Name: DetailedStatement3.gif Size: 5 KB
  • #764
  • Sep 4, 2008 2:45am Sep 4, 2008 2:45am
Well, i woke up this morning and saw a profit on the main 2 EAs, 40/100 i closed for $30 and 40/50 for $46 so i was happy with that,, another 1%. I have left the other 40/100 running, which is the one i am using to monitor potential profits etc, and that is now at $80 profit so waiting another hour would have reaped more rewards but you never know this.
I will leave this one running until tonight unless i see a huge profit before i got to work this afternoon.

Steve
  • #765
  • Sep 4, 2008 8:19am Sep 4, 2008 8:19am
The graphs and numbers posted here for trading results to various versions of this strategy are encouraging but essentially meaningless unless accompanied by the exact and regular entry times in that test.

I've been demoing the strategy for a couple weeks and find that during the slow period between 23:00 GMT - 1:00 GMT (= NanningBobs entry time) the price bars often fluctuate on either side of the 2 ma. So if the time the expert is turned on varies during this period the days trades may either be SELL or BUY for the same pair. The price does often retrace but usually one direction is more successful for the day in terms of baking profit.

I'd be interested to see those who post mention their entry times. Using GMT might help standardize our conversation....

Thanks.


LeoM
  • #766
  • Sep 4, 2008 8:28am Sep 4, 2008 8:28am
Well, I am back from Hong Kong and have my visa so I get to stay in China for another year. I have turned on my testing EAs and will fund a live account starting next Monday. We will go live (real money) with the 50/40 or the 100/40 depending on what my final tests show. I am glad to see many of you are beginning to see what I see. I think this system will work in almost any market conditions and can be done by other people. I hope you all do well and make money someday down the road.

Hong Kong is an expensive city and certainly spent a wad there. We stopped at a Subway sandwich shop and for the 3 of us, it cost 210 HK dollars. When we are used to paying 20-50 Chinese dollars for a meal it was very pricey. One of the oddities of living in China is three of the most expensive restaurants in Nanning are McDonalds, KFC, and Pizza Hut. So they are luxuries here. Gonna put the cash into my account this weekend for IBFX and gonna let it roll. I think after 8 months testing I can make this profitable. We will start conservatively at .01 and build up from there. Will let you guys know how it goes.
  • #767
  • Sep 4, 2008 9:21am Sep 4, 2008 9:21am
Quoting Leomeister
The graphs and numbers posted here for trading results to various versions of this strategy are encouraging but essentially meaningless unless accompanied by the exact and regular entry times in that test.

I've been demoing the strategy for a couple weeks and find that during the slow period between 23:00 GMT - 1:00 GMT (= NanningBobs entry time) the price bars often fluctuate on either side of the 2 ma. So if the time the expert is turned on varies during this period the days trades may either be SELL or BUY for the same pair. The price does often retrace but usually one direction is more successful for the day in terms of baking profit.

I'd be interested to see those who post mention their entry times. Using GMT might help standardize our conversation....

Thanks.


LeoM

Leo,

My EA's start at 00:00GMT, which i have configured within the EA. My standard 2 are shut down at some time during the day, when i see a good profit, anything from $30 up, yes it varies and this is purely discretional. If i think it will produce more then i leave it running longer.
My other 40/100 i am leaving longer and may run for a couple of days unless i get a potential death trade, which is what i want actually, to get the eexperience of dealing with them.

Steve
  • #768
  • Sep 4, 2008 9:23am Sep 4, 2008 9:23am
Quoting nanningbob
Well, I am back from Hong Kong and have my visa so I get to stay in China for another year. I have turned on my testing EAs and will fund a live account starting next Monday. We will go live (real money) with the 50/40 or the 100/40 depending on what my final tests show. I am glad to see many of you are beginning to see what I see. I think this system will work in almost any market conditions and can be done by other people. I hope you all do well and make money someday down the road.

Hong Kong is an expensive city and certainly spent a wad there. We stopped at a Subway sandwich shop and for the 3 of us, it cost 210 HK dollars. When we are used to paying 20-50 Chinese dollars for a meal it was very pricey. One of the oddities of living in China is three of the most expensive restaurants in Nanning are McDonalds, KFC, and Pizza Hut. So they are luxuries here. Gonna put the cash into my account this weekend for IBFX and gonna let it roll. I think after 8 months testing I can make this profitable. We will start conservatively at .01 and build up from there. Will let you guys know how it goes.

Good to have you back Bob, and great news about going live. I am really liking this, its pretty stress free but i want to experience some nightmares first before going live. As you say, the winners take care of themselves, just need to pay attention to the losers and it looks like we are onto a winner.

Steve
  • #769
  • Sep 4, 2008 4:27pm Sep 4, 2008 4:27pm
Quoting steveshutts
Leo,

My EA's start at 00:00GMT, which i have configured within the EA. My standard 2 are shut down at some time during the day, when i see a good profit, anything from $30 up, yes it varies and this is purely discretional. If i think it will produce more then i leave it running longer.
My other 40/100 i am leaving longer and may run for a couple of days unless i get a potential death trade, which is what i want actually, to get the eexperience of dealing with them.

Steve
Thanks for your comments Steve. This last week I tried to open my trades near to 01:00 GMT and caught the wrong side of several strong moves in the AUDJPY, EURAUD, AUDCAD that I think would have traded the opposite direction if I'd opened at 00:00 GMT. The experts are coded to mark price position relative to the 2 LWMA on the current price OPEN, which means immediatally when you activate the expert, or if you have the trade time set in the expert, exactly at the open of the chosen hour bar. This code in the expert means you jump right in whenever you turn it on. This can be convenient, but does make it challenging when you go back to see where price was relative to the 2 lwma at the time of entry.

Based on what I've observed, and the success you've mentioned, I'm going to set my experts to open at 00:00. If the settings are set to "Use trade times=true" and Asian market '0 to 20', that should open a trade at 12 midnight GMT ( = 7 am, Nanjing time I think, right Bob?). New trades wouldn't be opened after 8pm GMT and one could manually close anytime in the day.

If Bob has the time to report it, I'd sure be very curious to know what exact times he opens and closes as his live trade account goes forward......
  • #770
  • Sep 4, 2008 5:04pm Sep 4, 2008 5:04pm
Quoting nanningbob
Well, I am back from Hong Kong and have my visa so I get to stay in China for another year.
Hi Bob... Glad you're back and all is well... I decided to let my test keep rolling along and not intervene in death trades.... just to see... (demo account, of course) With the dramatic unwinding of the Yen carry trades, I guess you could say my 100k demo is on its way to a wipeout... We'll see... I think it is a good learning experience to blow up an account....some of the JPY's are down 1000 pips and counting... showing a -85k draw down...

Details are 100k demo, 100/40 1.5X EA
  • #771
  • Sep 4, 2008 5:43pm Sep 4, 2008 5:43pm
Quoting jnevins
Hi Bob... Glad you're back and all is well... I decided to let my test keep rolling along and not intervene in death trades.... just to see... (demo account, of course) With the dramatic unwinding of the Yen carry trades, I guess you could say my 100k demo is on its way to a wipeout... We'll see... I think it is a good learning experience to blow up an account....some of the JPY's are down 1000 pips and counting... showing a -85k draw down...

Details are 100k demo, 100/40 1.5X EA
HMMM exciting day I see. The accounts I closed after making a profit are fine. The ones I closed and restarted are fine. The ones I have kept running egads. Somebody drop a bomb on Japan. I will have to analyze this later. I need to run to work. I have one account that made over 750 dollars on those moves. I had another badly damaged. This is good. For those of you who wanted death trade practice, well here it is. Good luck
  • #772
  • Sep 4, 2008 6:34pm Sep 4, 2008 6:34pm
Today was interesting.

It is now Friday, near the beginning of the Asian session. Everything was going great in the 100x40 account yesterday, with over $400 gain.

Everything looked fine with the EA chugging along making steady gains like normal and then disaster struck. I had been trading another system manually through the early hours of the US session and everything seemed fine through the Revised Nonfarm Productivity report. (About 14:00 GMT)

I had a drawdown of only about $50 showing on the charts so I didn't have any good reason to be concerned. So I went to bed and slept for about 5 hours and when I woke up and checked the account it was showing a drawdown of nearly $3000 on the account. The balance went from almost $5000 to about $1500 in 5 hr! And there was no major news during that time.

The reason for the huge drawdown is that I had some open positions from the day before that were against me, and price on those pairs and several more have steadily moved against me more without any retracement. No chance for recovery.

This would have been a margin call since the margin was in negative numbers when I first saw it. It would have been a loss in a real account of at least $3000 or over 60% of the account. And opening and closing it daily would not have helped stop it. Even if it recovers today it would still not be realistic since I would have already had a margin call and all the positions would have been closed and the account would have taken the loss.

The only way I can see to prevent this is to have the EA set to limit drawdowns to a certain value or percent. I will ride this out on this demo and see what happens and then I will start testing with setting some stops on it and see what happens. That could take some weeks to get any real information. I also wonder if that would also eliminate the profitability overall.
  • #773
  • Sep 4, 2008 6:40pm Sep 4, 2008 6:40pm
Quoting nanningbob
HMMM exciting day I see. The accounts I closed after making a profit are fine. The ones I closed and restarted are fine. The ones I have kept running egads. Somebody drop a bomb on Japan. I will have to analyze this later. I need to run to work. I have one account that made over 750 dollars on those moves. I had another badly damaged. This is good. For those of you who wanted death trade practice, well here it is. Good luck
....Just looked at the bot and saw everything has reset on its own... the net balance is now around 41K starting with a 100k account... it had run up to 129k then reset with a -87k bombshell.... This is why Martingales are so roundly avoided... the only way to succeed at this then does seem to cut off the death trades at the pass... but when does one intervene? What standard sign is there that it is time to pull the plug?
Attached Image (click to enlarge)
Click to Enlarge Name: aug 9 to sept 5 2008 (1).gif Size: 5 KB
  • #774
  • Sep 4, 2008 6:44pm Sep 4, 2008 6:44pm
Quoting PistolDave
[font=Arial][size=2]

The only way I can see to prevent this is to have the EA set to limit drawdowns to a certain value or percent. I will ride this out on this demo and see what happens and then I will start testing with setting some stops on it and see what happens. That could take some weeks to get any real information. I also wonder if that would also eliminate the profitability overall.
Dave,

That would seem to be a good thing to work on now... Is there a predetermined amount of pain to take before the bot could intervene on our behalf? Could that parameter be set in the EA? Does it need some further programming? How do we finesse this one?
  • #775
  • Sep 4, 2008 8:01pm Sep 4, 2008 8:01pm
wow, just got in from work and seen the results, the account i left running has been wiped out. I wanted some experience of a death trade, but that was definitely something that i really would not have known how to deal with, can it be dealt with?
I had closed out my other main two EAs just before London open so they has a nice little profit and live on. I had seen that i was on the wrong side of some of these strong trends and that was why i closed early and maybe that is something to look out for.
There was a number of times during the day that this could have been shut down at a good profit. I think it boils down to having to monitor the P+L more during the day and shutting the EAs when they show a reasonable profit. You don't want this happening on a live account. This was an amazing move and this is something that we definitely need to avoid at all costs.The thing is, how long do you hold onto something before it gets this far? That is the real tough question.
Certainly puts a dampner on things to see movement like this. Not sure how you can deal with these sort of moves.

Steve
  • #776
  • Sep 5, 2008 1:14am Sep 5, 2008 1:14am
Quoting jnevins
....Just looked at the bot and saw everything has reset on its own... the net balance is now around 41K starting with a 100k account... it had run up to 129k then reset with a -87k bombshell.... This is why Martingales are so roundly avoided... the only way to succeed at this then does seem to cut off the death trades at the pass... but when does one intervene? What standard sign is there that it is time to pull the plug?
I will write more tonight but I had one of the biggest days I have ever had with my system. When I see a big profit I close all my accounts and put the money in the bank. When I restarted them I had the full 400 pip range all over again so it survived the big afternoon move. When the retrace happened this morning during the JPY session it banked profit again. The one account I had trouble with was not using my 100/40 or my 50/40 system. I will have pics and explanations later.

If you are not willing to take a loss you cannot be a successful trader. You have to make that decision once price goes 250-350 pips against you. If you are not out by 400 your looking at getting your clocked cleaned. This is a great learning experience and some of you will now understand some of the things I wrote about earlier.

When I close out all my accounts I start the 400 range all over again. That is why I do it. Yesterday was the perfect example of why I do it. See ya later.
  • #777
  • Sep 5, 2008 3:55am Sep 5, 2008 3:55am
Quoting nanningbob
I will write more tonight but I had one of the biggest days I have ever had with my system. When I see a big profit I close all my accounts and put the money in the bank. When I restarted them I had the full 400 pip range all over again so it survived the big afternoon move. When the retrace happened this morning during the JPY session it banked profit again. The one account I had trouble with was not using my 100/40 or my 50/40 system. I will have pics and explanations later.

If you are not willing to take a loss you cannot be a successful trader. You have to make that decision once price goes 250-350 pips against you. If you are not out by 400 your looking at getting your clocked cleaned. This is a great learning experience and some of you will now understand some of the things I wrote about earlier.

When I close out all my accounts I start the 400 range all over again. That is why I do it. Yesterday was the perfect example of why I do it. See ya later.

Bob,

You are completely write here, which is why i am closing my EAs as soon as i see a reasonable profit. When i got up yesterday just before London open i realised that my EAs had been trading on the wrong side of these strong trends and i didn't like it. I saw $30 profit and took it. As i mentioned, the other 40/100 was experimental, to leave going to see how bad things could get. It was nice to see, but the other worrying thing was that it happened whilst i was at work and could do nothing about it. It was an exceptional move in one day and in this scenario you did not get the couple of days that you would normally get to see a death trade build.
I really think this strat works but i feel that you need to keep an eye on things, checking every hour or so would be nice. I currently go to work around 15:00 GMT and get back around 00:00 GMT so i can check the EAs any other time.
This can be the only downside i think, the fact that some of us have to be away at some time where we cannot access the computer and finding a suitable way round this. I have usually stopped the EAs by the time i have gone to work, and these have been in profit every single day since i have started, unbelievable actually, so i am thinking, maybe i should have a rule where i shut them down if not in profit by the time i got to work. This way, you will have some losing days, although few and far between, but the winners should far outweigh the losers.
Just to let you know, my 2 main accounts, have done well during the Asian session. I came to work at 08:00 GMT this morning and closed my 40/50 with $205 and the 40/100 with $275 profit, amazing. I am now $845 in profit on my 40/100 for 9 days trading, so i think i can afford to take some losing days. Obviously, we are seeing some pretty large moves at the moment and i would not expect to see profits like these too often but they are nice to bank.
I know by switching off the EAs before i go to work may stop bad trades recovering but it will also stop this sort of disaster i think.

Bob, when you say you stop and then restart the EAs, will you restart them straight away, it sounds like you do? Say i stop mine during the early London session, i then do no restart until the start of the next Asian session. Are you just restarting them again immediately? If so, have you always done this in your testing?

If anyone has any comments, i would love to hear them.

Steve
  • #778
  • Sep 5, 2008 4:02am Sep 5, 2008 4:02am
My main 40/100 after 9 days, as i mentioned before, starting balance should have been $3000, i am running it at 0.01 per trade.
Max drawdown $100, nice!

Steve
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
  • #779
  • Sep 5, 2008 6:56am Sep 5, 2008 6:56am
Ok here are my various tests. My 100/40 since Aug. 5th. at .02 trade. nice steady run. Caught the runs very nicely. I took profit and reentered and it took profit again this morning during the JPY retracement. that was 500+ day using .02 trade. I always close for NFP report I dont want to dig a hole for the weekend. Those of you using .10 trades probably got overwhelmed .02 does nicely on 3000 with plenty of room for large moves.
Attached Image (click to enlarge)
Click to Enlarge Name: 100 40 .02 aug 5.gif Size: 5 KB
  • #780
  • Sep 5, 2008 7:01am Sep 5, 2008 7:01am
Here is my 100/40 using .10 trades. I close this often and dont let it run for days. I take my profits and quit for the day or sometimes I reenter. When you close all trades during a session you have the whole 3-400 pip range to work with all over again. Obviously that is what kept me out of trouble yesterday.
Attached Image (click to enlarge)
Click to Enlarge Name: 100 40 .10 aug 21.gif Size: 5 KB
5 traders viewing now