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Is This My Holy Grail EA :D

  • #801
  • Sep 7, 2008 9:35am Sep 7, 2008 9:35am
Hi Bob
public, as always, all the work of the week.
This week the platform was updated to v.218 and my first demo I did save the statement that now I can publish.
This is the 1_demo.
The other demos are those forever.
None of the demo has no protection.
Indeed one of two demo is dead.
I also worked sil account live.
Of this, for obvious reasons of confidentiality, public only the chart.
If Bob wants to do a thorough analysis, in private can send to you the full report.
In the live I gained around 2000 U.S. dollars.
The account started from 4000 and arrived in 6500 or so, but at the end of Friday had a profit of -500 and I closed everything.
So it remained a net gain of 4000.
We also see from the graph.
I managed to earn those using this method:
In a graph part I posizionatoun EA which is called CloseOrDeleteAll. is attached here.
I also used Controvalore_Globale. This attachment here.
I followed in my way, the theory of Bob on frequent closures. Every 100 or 200 U.S. dollars earning I closed all using the programs described above and I did share the EA from scratch.
I am convinced that if the EA very often from scratch is easier than the indicator guess the good trend and EA earns almost without using the martingale.
In live account NOT I used GBP_JPY and GBP_CHF as suggested by Bob.
The defects of this way of working are 2.
1_I am forced to always stay close to your monitor.
2_ programs that I used are "external" all'EA Bob even if they work on the same account.
So in times of congestion I first close EA otherwise continues to open positions, then runs the program but not always the platform accepts the closures.
If Bob wants, the code of one of these two programs can be included in its EA as an option optional. So would work well.
Before EA stops, then closes all positions in the market, then spread the EA.
With this method the payoff is certain and the risk minimised.
I use the function AccountMoneyProtection true and the figure 4000 U.S. dollars.
The next weekend we do know.
Hello Bob and all
Let me know what you think of all this.
Romano
Attached Image (click to enlarge)
Click to Enlarge Name: CONTOLIVE 01-09 TO 05-09.gif Size: 5 KB
Attached File(s)
File Type: mq4 CloseOrDeleteAll.mq4   < 1 KB | 267 downloads
File Type: mq4 Controvalore_Globale CHR.mq4   3 KB | 285 downloads
File Type: zip statements.zip   90 KB | 251 downloads
  • #802
  • Sep 7, 2008 9:47am Sep 7, 2008 9:47am
Quoting Romano
Hi Bob
public, as always, all the work of the week.
This week the platform was updated to v.218 and my first demo I did save the statement that now I can publish.
This is the 1_demo.
The other demos are those forever.
None of the demo has no protection.
Indeed one of two demo is dead.
I also worked sil account live.
Of this, for obvious reasons of confidentiality, public only the chart.
If Bob wants to do a thorough analysis, in private can send to you the full report.
In the live I gained around 2000 U.S. dollars.
The account started from 4000 and arrived in 6500 or so, but at the end of Friday had a profit of -500 and I closed everything.
So it remained a net gain of 4000.
We also see from the graph.
I managed to earn those using this method:
In a graph part I posizionatoun EA which is called CloseOrDeleteAll. is attached here.
I also used Controvalore_Globale. This attachment here.
I followed in my way, the theory of Bob on frequent closures. Every 100 or 200 U.S. dollars earning I closed all using the programs described above and I did share the EA from scratch.
I am convinced that if the EA very often from scratch is easier than the indicator guess the good trend and EA earns almost without using the martingale.
In live account NOT I used GBP_JPY and GBP_CHF as suggested by Bob.
The defects of this way of working are 2.
1_I am forced to always stay close to your monitor.
2_ programs that I used are "external" all'EA Bob even if they work on the same account.
So in times of congestion I first close EA otherwise continues to open positions, then runs the program but not always the platform accepts the closures.
If Bob wants, the code of one of these two programs can be included in its EA as an option optional. So would work well.
Before EA stops, then closes all positions in the market, then spread the EA.
With this method the payoff is certain and the risk minimised.
I use the function AccountMoneyProtection true and the figure 4000 U.S. dollars.
The next weekend we do know.
Hello Bob and all
Let me know what you think of all this.
Romano
Very Good. Now one last thing about my system would be to get your original investment out. You could take 4000 profit out and have 2500 left. Now you would be playing with free money. Since it is a demo, set your stop account loss at 4000 and you would be in a position to not lose your original principle. or set it at 4500 and guarantee a profit. This is where other martingale traders have lost out. They didnt protect their original principal and got wiped out. There is no better feeling than to get yourself in a position where you cant lose your money. Good luck.
  • #803
  • Sep 7, 2008 12:35pm Sep 7, 2008 12:35pm
Couple questions on the EA: Sorry if answers are obvious.
If you leave the (ASP) All Symbols Protect (false),when using the (SP) Secure Profit function,will EA shut down when you reach the desired profit on that one chart or the sum of all your charts?The ASP line reads to use (1) to check profit from all symbols and (0) only this symbol. But there's nowhere to enter 1 or 0 here. I guess to sum it up, I want to be able to set EA to shut down no matter how many different pairs I'm trading ( and not reopen and you said it won't reopen) when the sum of all trades equals a certain amount.
-if you change price mode from (1) close/close to (1) high/low how does this effect entry on the 100/40?
thank you.
  • #804
  • Sep 7, 2008 2:15pm Sep 7, 2008 2:15pm
I do not speak English and use the translator google but I do not know why I write what ..... sorry.
I made a mistake in the previous post.
I forgot one of the programs that I used to live on to win the 2000 U.S. dollars.
Annex now.
I did not understand the response of Bob ..... sorry.
I try to ask again.
I used the program to close all every 100 or 200 U.S. dollars of income.
I want to know whether Bob can put code in this feature.
From inside the program works better.
I stand by these principles:
1 _ work on many couples.
2 _ close everything and start from scratch several times
possible.
3 _ activate (true) AccountMoneyProtection
4 _ when again from scratch will raise the level of the same amount of
earnings.
5 _ close throughout Friday evening.
unfortunately I do not know what I wrote.
Let me make an example .....
Beginning with tonight in live with AccountMoneyProtection true to 4000 U.S. dollars
Gain 100 U.S. dollars.
End everything. (close all)
Updating AccountMoneyProtection to 4100 U.S. dollars.
I start from the head EA.
I repeat this every time I earn.
Watch the program code attached and those posted earlier.
Question:
you can enter this function within your EA?
Another question:
In the forum there is any Italian can help me?
thank you
Romano
Attached File(s)
File Type: mq4 CloseTrades_After_Account_Profit_Reached.mq4   3 KB | 301 downloads
  • #805
  • Sep 7, 2008 5:41pm Sep 7, 2008 5:41pm
This is why you never hold onto trades over the weekend and also why backtesting is not a good test of a system. The GBP/JPY gapped 600 points over the weekend. This will kill any trading system and always give bad data on backtests.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp jpy gap.gif Size: 23 KB
  • #806
  • Sep 7, 2008 7:41pm Sep 7, 2008 7:41pm
Quoting Romano
I do not speak English and use the translator google but I do not know why I write what ..... sorry.
I made a mistake in the previous post.
I forgot one of the programs that I used to live on to win the 2000 U.S. dollars.
Annex now.
I did not understand the response of Bob ..... sorry.
I try to ask again.
I used the program to close all every 100 or 200 U.S. dollars of income.
I want to know whether Bob can put code in this feature.
From inside the program works better.
I stand by these principles:
1 _ work on many couples.
2 _ close everything and start from scratch several times
possible.
3 _ activate (true) AccountMoneyProtection
4 _ when again from scratch will raise the level of the same amount of
earnings.
5 _ close throughout Friday evening.
unfortunately I do not know what I wrote.
Let me make an example .....
Beginning with tonight in live with AccountMoneyProtection true to 4000 U.S. dollars
Gain 100 U.S. dollars.
End everything. (close all)
Updating AccountMoneyProtection to 4100 U.S. dollars.
I start from the head EA.
I repeat this every time I earn.
Watch the program code attached and those posted earlier.
Question:
you can enter this function within your EA?
Another question:
In the forum there is any Italian can help me?
thank you
Romano
Hi Romano,

This is what I want to do also.

Set a "Take Profit" amount:

  1. I want to set the EA to reach a level of profit total for all pairs running.
  2. All trades should be closed at that time.
  3. EA should not open any other trades. It stops.

Also, I want to set a drawdown limit for the entire account.

Set a "Stop Loss" amount:

  1. When account balance drops to a specified amount the EA closes all trades and stops.
  2. EA should not open any other trades.

The idea is simple. Set a profit target for the day and a drawdown amount.

When profit is reached, all positions are closed and the EA shuts down until restarted manually.

---------OR----------

When loss level is reached, all positions are closed and the EA shuts down until restarted manually.

I don't know if it will work that way yet.

PD

  • #807
  • Sep 7, 2008 8:57pm Sep 7, 2008 8:57pm
Quoting PistolDave
Hi Romano,

This is what I want to do also.

Set a "Take Profit" amount:

  1. I want to set the EA to reach a level of profit total for all pairs running.
  2. All trades should be closed at that time.
  3. EA should not open any other trades. It stops.

Also, I want to set a drawdown limit for the entire account.

Set a "Stop Loss" amount:

  1. When account balance drops to a specified amount the EA closes all trades and stops.
  2. EA should not open any other trades.

The idea is simple. Set a profit target for the day and a drawdown amount.

When profit is reached, all positions are closed and the EA shuts down until restarted manually.

---------OR----------

When loss level is reached, all positions are closed and the EA shuts down until restarted manually.

I don't know if it will work that way yet.

PD


Hi PistolDave, I would like to say that this is the best system I've come accross during the 1 year that i have been learning forex and trading it with some success. It is a great honor to learn all that I have about trading and the market from guys like yourself and Nanningbob. I just wanted to add to the idea that you have about the EA stopping the trades when TP is reached. What about an indicator that sounds an alert when a certain profit target is reached which you could respond to in time to take even more profit if possible. It would also be good for those that are asleep during the Asian and London market times, that way we could wake up, make an assessment of what the market is doing and decide to get back in for more profit or stay out until the next appointed trading time. What do you think, is it possible?
  • #808
  • Sep 7, 2008 10:50pm Sep 7, 2008 10:50pm
Quoting zaxmarki
Hi PistolDave, I would like to say that this is the best system I've come accross during the 1 year that i have been learning forex and trading it with some success. It is a great honor to learn all that I have about trading and the market from guys like yourself and Nanningbob. I just wanted to add to the idea that you have about the EA stopping the trades when TP is reached. What about an indicator that sounds an alert when a certain profit target is reached which you could respond to in time to take even more profit if possible. It would also be good for those that are asleep during the Asian and London market times, that way we could wake up, make an assessment of what the market is doing and decide to get back in for more profit or stay out until the next appointed trading time. What do you think, is it possible?
These things are all possible if someone can program them. My programming skills are limited so some of them I cannot do. This program does have a take profit but I dont know if it stops trading or not. Someone needs to test it. It would be easy to set it at 1.00 dollar and then see if it reenters or not. Adding a sound byte would not be hard at all. I will look to see if I can do that one. My success for sound bytes in the past have not been too good though. It is just a matter of adding "play sound" to the program. Its the punctuation and defining elsewhere that gets me. Good luck and thanks for the compliment. Someday I will post my trading story when I get some free time. How did I get to this point?
  • #809
  • Sep 7, 2008 10:55pm Sep 7, 2008 10:55pm
Quoting Toothman
Couple questions on the EA: Sorry if answers are obvious.
If you leave the (ASP) All Symbols Protect (false),when using the (SP) Secure Profit function,will EA shut down when you reach the desired profit on that one chart or the sum of all your charts?The ASP line reads to use (1) to check profit from all symbols and (0) only this symbol. But there's nowhere to enter 1 or 0 here. I guess to sum it up, I want to be able to set EA to shut down no matter how many different pairs I'm trading ( and not reopen and you said it won't reopen) when the sum of all trades equals a certain amount.
-if you change price mode from (1) close/close to (1) high/low how does this effect entry on the 100/40?
thank you.
Dont know, I havent tested it that way yet.

The 1 or 0 will have to reread the code and see where they stuck it.

No it wont affect because I have disabled the Sto settings and changed them to MA crosses. If you want to play with Sto that indicator is on page 11, I think.
  • #810
  • Sep 7, 2008 10:58pm Sep 7, 2008 10:58pm
Quoting zaxmarki
Hi PistolDave, I would like to say that this is the best system I've come accross during the 1 year that i have been learning forex and trading it with some success. It is a great honor to learn all that I have about trading and the market from guys like yourself and Nanningbob. I just wanted to add to the idea that you have about the EA stopping the trades when TP is reached. What about an indicator that sounds an alert when a certain profit target is reached which you could respond to in time to take even more profit if possible. It would also be good for those that are asleep during the Asian and London market times, that way we could wake up, make an assessment of what the market is doing and decide to get back in for more profit or stay out until the next appointed trading time. What do you think, is it possible?
Hi zaxmarki,

Thank you very much, but most of the credit has to go to nanningbob, who has done most of the testing.

Right now, it sets a TP for each trade it enters. When it reaches it, it will enter another, and so on, so you don't have to be too concerned with monitoring the profits. They take care of themselves quite nicely. When you have run it for a week or so you will see that.

I was considering limiting the overall TP for the whole account, but I am just going to work with the maximum drawdown for now.

The main issue we have to deal with is not if it will have a major drawdown, but rather when and how much. We call this interesting situation the "death trade" and as Bob has mentioned many times, if you can avoid the death trade you can be very profitable with this.

So how do you avoid it?

What I am testing now is how much drawdown is allowable and still make it profitable over the long run. My gut feeling about this is to allow as much drawdown as possible to allow for the normal market fluctuations, but not so much that the account will be unable to make new highs in equity before the next drawdown occurs. And it will come.

In other words, what I have seen on a daily basis (for example):

up day,
up day,
flat day,
flat day,
up day,
3x down day
up day,
up day,
etc.

Obviously the ?x down day is the one that we have to deal with.

So as long as the up days add up to more than the large drawdown day then you have a profitable system overall. This is what I am hoping for, if I can find the optimum drawdown percentage allowable.

It will take time and testing several different amounts.

I hope this makes sense. I don't mean to make it seem too simplistic, it's just the way I think.

Good luck testing the strategy,

PD
  • #811
  • Sep 8, 2008 1:59am Sep 8, 2008 1:59am
Well, i have just checked my charts this morning, 08:00 GMT and i don't like the look of things. Huge gaps everywhere, price has hit support or resistance on a lot of the dailys, it looks like we are going to see price fill these gaps in the direction of the main trend and my EAs have opened up on the wrong side, if this is going to happen.
I will be keeping an eye on things to see how this develops and the first sign of any retracements and a move towards profit, i will be closing it down and restarting.
I really think that this could be messy this morning and i could see a large drawdown. Will report back later.

Steve
  • #812
  • Sep 8, 2008 2:12am Sep 8, 2008 2:12am
Quoting steveshutts
Well, i have just checked my charts this morning, 08:00 GMT and i don't like the look of things. Huge gaps everywhere, price has hit support or resistance on a lot of the dailys, it looks like we are going to see price fill these gaps in the direction of the main trend and my EAs have opened up on the wrong side, if this is going to happen.
I will be keeping an eye on things to see how this develops and the first sign of any retracements and a move towards profit, i will be closing it down and restarting.
I really think that this could be messy this morning and i could see a large drawdown. Will report back later.

Steve
Hi Steve, now you know why you never hang onto trades over the weekend. Go see post #805. The US government had to take over Fannie Mae and Freddie Mac so today is a no trade day. There is no way I am going to try to enter the market under these types of conditions. So my EAs will spend a day or two on the side line. You cannot ever control the news over the weekend and if you are in a trade, BYE BYE. So I am so glad you guys are demo trading and learning these things first hand. Once it happens to you, you never do it again. I also dont trade the NFP on Fridays for the same reason. If it puts me in a hole and then weekend news hits, kiss your money goodbye. I am refering to any trading system not just mine. They all have this weakness in them. So no more trading on weekends OK.
  • #813
  • Sep 8, 2008 2:36am Sep 8, 2008 2:36am
Well, just closed my 40/100 with $18 profit, it was at $40 but my script took a while to kick in for some reason. Going to leave it off until the asian now as not sure about these gaps. Profit is a profit!!
  • #814
  • Sep 8, 2008 2:39am Sep 8, 2008 2:39am
Quoting nanningbob
Hi Steve, now you know why you never hang onto trades over the weekend. Go see post #805. The US government had to take over Fannie Mae and Freddie Mac so today is a no trade day. There is no way I am going to try to enter the market under these types of conditions. So my EAs will spend a day or two on the side line. You cannot ever control the news over the weekend and if you are in a trade, BYE BYE. So I am so glad you guys are demo trading and learning these things first hand. Once it happens to you, you never do it again. I also dont trade the NFP on Fridays for the same reason. If it puts me in a hole and then weekend news hits, kiss your money goodbye. I am refering to any trading system not just mine. They all have this weakness in them. So no more trading on weekends OK.
Bob, i was not in trades over the weekend, i never am. I shut down on Friday for a very nice profit. I started my EAs up this morning European open, but then realised the gaps and the indecision that could follow. Just closed one at a profit, so now staying out, as you say, let the dust settle for a while.

Steve
  • #815
  • Sep 8, 2008 3:25am Sep 8, 2008 3:25am
Closed my 40/50 with $39 profit, staying closed off now until Asian session again.
  • #816
  • Sep 8, 2008 4:42am Sep 8, 2008 4:42am
Quoting steveshutts
Closed my 40/50 with $39 profit, staying closed off now until Asian session again.
Sorry for the false assumption. Good luck
I started before the JPY session and then got out, when I realized what was happening. Didnt read the weekend news.
  • #817
  • Sep 8, 2008 5:50am Sep 8, 2008 5:50am
Problems with language kill the bill
I fear that I have wrong.
I want an explanation.
Account = 10000
AccountMoneyProtection = true is fine.
but
AccountMoneyProtectionValue if I write 3000
what I mean?
What can lose up to 3000 and then close everything? or that goes on as long as there remain only account in 3000 and then closes everything?
Case 1 - In the first case is a MAXDD than 3000 and 7000 remain in the account.
Case 2 - In the second case is a MAXDD than 7000 and 3000 remain in the account.
Please clarify -
You know that I have problems with the language.
Please indicate if 1 or 2 which case true and which false to understand.
Thank you
Romano
  • #818
  • Sep 8, 2008 6:39am Sep 8, 2008 6:39am
Hi guys, I have been trading this EA since last week and started with $330.00. The EA was doing fine through Thursday of last week when it reached $513.00 in 4 days, closing the EA everyday using default settings on the 100/40, but I got hit this morning as well with the news. This took my account down to $142.00, so I would say that to always be aware of important news reports that have market moving potential.......lesson learned!
  • #819
  • Sep 8, 2008 9:38am Sep 8, 2008 9:38am
Quoting nanningbob
This EA has 3 ways to control trades, to set limits on losses.

1. It does have a stop loss. You can set the stop loss at 400 and when the first entrance goes 400 pips in the whole it will close all of the trades of that currency pair. The EA will then begin reentering on that pair. All other currency trades are not affected.

2. Percentage of account. You can set your loss at a percentage of the account and when it hits it will close all the trades of all currency pairs. It will then begin reentering trades again.

3. Specific protection of entire account:
The account protection I like the best is the amount protection. I know exactly when it will stop and at what figure. So if I have 4300 in the account and I set it at 3800 that is when all trading will stop. The other account protections when activated will reenter trades after activation.

AccountMoneyProtection ___ false
AccountMoneyProtectionValue 3000
Set this one to true and the amount to whatever you feel comfortable with.
Bob,

Big hit after start of Frankfurt open, then downhill from there.

Just wanted to let you know I just tested #3 method above and had AMPV set to 2000 (amount to protect) and when balance got down to $2278 it closed all positions -- and restarted and started opening trades again.

It opened 7 more positions and that's all.

Not sure why it closed all at $2278 unless it was that the equity was at $2000 then.

I waited several hours while I have been trading manually another method hoping the trades would go against me about 50 more pips to see what would happen. But no luck. Can't even lose money when you want to.

Oh well, this still proves that it will re-open trades. Maybe it stops at a certain level, I don't know yet. And don't know why it re-opens any at all.

Will keep testing.
PD
  • #820
  • Sep 8, 2008 5:26pm Sep 8, 2008 5:26pm
Quoting Romano
Problems with language kill the bill
I fear that I have wrong.
I want an explanation.
Account = 10000
AccountMoneyProtection = true is fine.
but
AccountMoneyProtectionValue if I write 3000
what I mean?
What can lose up to 3000 and then close everything? or that goes on as long as there remain only account in 3000 and then closes everything?
Case 1 - In the first case is a MAXDD than 3000 and 7000 remain in the account.
Case 2 - In the second case is a MAXDD than 7000 and 3000 remain in the account.
Please clarify -
You know that I have problems with the language.
Please indicate if 1 or 2 which case true and which false to understand.
Thank you
Romano
I have not tested the different account protections to know that much about them. I know the Account protection value set is where the program is suppose to stop trading. The couple times I used it the trading would stop at that figure. So if it set the figure at 3000 trading would stop at 3000. I have not used any of these for the last 4 months because I went to closing almost every day. The only way to know is to try different settings and see what happens.
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