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Is This My Holy Grail EA :D

  • #861
  • Sep 12, 2008 7:21pm Sep 12, 2008 7:21pm
zip it first
  • #862
  • Sep 12, 2008 7:40pm Sep 12, 2008 7:40pm
ok here is the zip. I noticed I did use the gbp/jpy early in the testing but shut it off after it was going ballistic.
Attached File(s)
File Type: zip DetailedStatement.zip   24 KB | 399 downloads
  • #863
  • Sep 12, 2008 7:57pm Sep 12, 2008 7:57pm
Thanks so much for the great summary you gave us in post 851 and 52. Wow, I've read them twice and lots of good advice there. One thing I'm trying to understand is the advice on running EA on several small accounts rather than one large account. If you use a hard stop ( at a certain dollar amount) wouldn't you be protecting an account no matter how large it gets? I must be missing something here. Anyway here's how Ive been running the 100/40 EA. I started Sept.3rd with a 3000$ demo trading pennies,and I've grown it by almost 50$. I'm turning EA on when all indicators are above 85 below 15 as you've advised. I'm running separate EA's to limit loss and take profit when account reaches 5-6$ profit. I've been turning the 100/40 EA off as soon as I take profit and only turning it back on when indicators go back to over bought/over sold area. I've seen one trade go 6 levels but the combination of all the trades I had going at the time, turned around and took profit without any trouble. Worst drawdown during this ten day period was like .5% http://www.forexfactory.com/images/icons/icon10.gif I'm really debating whether to use GBP/CHF and GBP/JPY in a real money account due to their potential for long trending moves. One other question I have is about lot size. I tried increasing initial lot size to .02 from .01 and EA started first level correctly at .02 but at level 2 EA kicked in at .02 again. Shouldn't it double the initial lot size to .04 at level two? What do I need to change to get it to do this? Thanks again Bob . You've been very patient with newbie questions like mine. I've learned a lot from you're posts.
  • #864
  • Sep 12, 2008 9:17pm Sep 12, 2008 9:17pm
Thank you Nanningbob for the reply.

Quoting nanningbob
The all pairs posted is not my system. I dont know what that is.
Sorry, what I meant is this. You've said:
Here are the pairs of the test. Again this is live testing not backtesting.
AUD/CAD, AUD/JPY, AUD/USD
EUR/CHF, EUR/JPY, EUR/USD
GBP/USD, GBP/CHF, NZD/USD
USD/CHF, USD/JPY, CHF/JPY...

So, did you run these pairs with the same settings (parameters)? Are these settings the same as the default ones in "100+40 1D.ex4"?
  • #865
  • Sep 12, 2008 11:42pm Sep 12, 2008 11:42pm
Quoting someonee1234
I have many others trades to share. Will post them later.

This system works on all pairs. I am still working on the Take profit to make it even better.

Thanks
Hi someonee1234:

I saw your statement, I think that is interesting, may you explain it how work, did you use Bob EA?

Thank you

Ricardo
  • #866
  • Sep 13, 2008 4:20am Sep 13, 2008 4:20am
Quoting Toothman
Thanks so much for the great summary you gave us in post 851 and 52. Wow, I've read them twice and lots of good advice there. One thing I'm trying to understand is the advice on running EA on several small accounts rather than one large account. If you use a hard stop ( at a certain dollar amount) wouldn't you be protecting an account no matter how large it gets? I must be missing something here. Anyway here's how Ive been running the 100/40 EA. I started Sept.3rd with a 3000$ demo trading pennies,and I've grown it by almost 50$. I'm turning EA on when all indicators are above 85 below 15 as you've advised. I'm running separate EA's to limit loss and take profit when account reaches 5-6$ profit. I've been turning the 100/40 EA off as soon as I take profit and only turning it back on when indicators go back to over bought/over sold area. I've seen one trade go 6 levels but the combination of all the trades I had going at the time, turned around and took profit without any trouble. Worst drawdown during this ten day period was like .5% http://www.forexfactory.com/images/icons/icon10.gif I'm really debating whether to use GBP/CHF and GBP/JPY in a real money account due to their potential for long trending moves. One other question I have is about lot size. I tried increasing initial lot size to .02 from .01 and EA started first level correctly at .02 but at level 2 EA kicked in at .02 again. Shouldn't it double the initial lot size to .04 at level two? What do I need to change to get it to do this? Thanks again Bob . You've been very patient with newbie questions like mine. I've learned a lot from you're posts.
I do not use the 4H stochastic/MACD system anymore. We were testing a different philosophy and it did not work. Sorry for the confusion. So forget the Sto lines and the MACD. The MACD lines slides over time so it was not an accurate indicator. Since it was giving false reads there would be times your trade would get into trouble. Just download the latest EA and let it run. It will automatically follow the daily trend and that works better than following the 4H Chart.

The Multiplication factor is 1.5 so the second level on .02 should be .03. Now what could cause that problem? If you are not using IBFX then your trading company may not handle hundreths or tenths in its trades. It may ignore the .5 in its calculations so 1x2 = 2. If it is IBFX then I dont know. Here is my same EA set to .02, .10 and .05 let me know if you have any problems.
Attached File(s)
File Type: mq4 100+40 1D .02.mq4   24 KB | 372 downloads
File Type: mq4 100+40 1D .05.mq4   24 KB | 360 downloads
File Type: mq4 100+40 1D .10.mq4   24 KB | 355 downloads
  • #867
  • Sep 13, 2008 4:26am Sep 13, 2008 4:26am
Quoting mamma
Thank you Nanningbob for the reply.


Sorry, what I meant is this. You've said:
Here are the pairs of the test. Again this is live testing not backtesting.
AUD/CAD, AUD/JPY, AUD/USD
EUR/CHF, EUR/JPY, EUR/USD
GBP/USD, GBP/CHF, NZD/USD
USD/CHF, USD/JPY, CHF/JPY...

So, did you run these pairs with the same settings (parameters)? Are these settings the same as the default ones in "100+40 1D.ex4"?
Yes also I just realized the latest 100/40 EA is set for .10 trades and not .01 Sorry for the mistake. Here is the 100/40 set at .01
Attached File(s)
File Type: mq4 100+40 1D .01.mq4   24 KB | 390 downloads
  • #868
  • Sep 13, 2008 5:53am Sep 13, 2008 5:53am
Thanks for your reply Bob.
  • #869
  • Sep 13, 2008 11:13am Sep 13, 2008 11:13am
Quoting nanningbob
Yes also I just realized the latest 100/40 EA is set for .10 trades and not .01 Sorry for the mistake. Here is the 100/40 set at .01
Why do you think it's a mistake? People just can change it themselves according to their acct sizes/risk tolerance. Or maybe I am missing something here? (I mean why to introduce a separate "version"?) Thank you Nanningbob.
  • #870
  • Sep 13, 2008 11:57am Sep 13, 2008 11:57am
Quoting mamma
Why do you think it's a mistake? People just can change it themselves according to their acct sizes/risk tolerance. Or maybe I am missing something here? (I mean why to introduce a separate "version"?) Thank you Nanningbob.
Yes that is true but some people are rookies and dont know how to do that. I have people private message me for these things and so I provide it to them. Many of the responses you see are questions asked in private but I think the answers will help many people. That is why I published them publicly.
  • #871
  • Sep 13, 2008 12:12pm Sep 13, 2008 12:12pm
Quoting nanningbob
Yes that is true but some people are rookies and dont know how to do that. I have people private message me for these things and so I provide it to them. Many of the responses you see are questions asked in private but I think the answers will help many people. That is why I published them publicly.
Ok, I see. Actually, that would be dangerous to trade such a demanding (in terms of skills) system without knowing it at least on a level of tweaking external parameters. imho
  • #872
  • Sep 13, 2008 7:05pm Sep 13, 2008 7:05pm
Quoting mamma
Ok, I see. Actually, that would be dangerous to trade such a demanding (in terms of skills) system without knowing it at least on a level of tweaking external parameters. imho
Yes I agree, this system does take some practice and time to learn. Playing with different parameters helps you learn. The reason I have gotten good at it is I have tried different parameters and seen what happens. I know what a 50/20 or a 100/30 or 15/5 system will do. I know what happens if you use a 15M, 30M, 4H, 1D or 1W trend folowing. I have tested Sto, MACD, MAs of various numbers. I have tested various Martingale systems, 10.3, euro2, etc. I have demo traded all them plus many others. You get a feel of what works and what doesnt. But having seen hundreds of death trades you get a feel for those buzzards. I have collapsed dozens possibly hundreds of demo accounts learning this. You get a feel for this and all of a sudden something doesnt look right and I bail out. What you see in this thread are my conclusions from my tests. I believe the 100/40 is the very best of everything I have tried.

But every trading system has a weakness, the difference between me and other threads is I try to teach the weakness so you can be successful. Other threads only teach their strengths and you find the weaknesses on your own. I try to make sure everyone here knows what the weakness is and how to handle it. If you can get good at it, I believe steady, successful trading is here. It is not a Holy Grail.
  • #873
  • Sep 13, 2008 8:39pm Sep 13, 2008 8:39pm
Quoting nanningbob
I only tested that one for a very short period of time. The 1D only did so well I just quit testing it. If you could continue testing it and show us results it may be very beneficial. The reason I quit testing it was not because it was not profitable but a turnaround of the EA cross on the weekly chart took awhile and you could go days on a currency without any trades. However, if you discover a higher safety factor with it then maybe others would like it better than just the 1D trend following. Keep us posted.
...................................................................................
Hi Bob:
Thank you for your comments.
I continued demo trades using 1d Ea and 1d1h1w Ea without manual control last week.
Pictures show two weeks results. On Monday two Eas got large drawdown.After two large drawdowns balance and equity of 1d Ea went very low. I am not sure 1d Ea could make orders with such low equity. 1d1h1w Ea worked well except on Monday and Friday. Anyway I almost understood how they run and recognized potential of profit. My first exercise was finished. I begin next exercise to learn the skill of avoiding death trade from next Monday.
I have read post 851 and 852 that you described your philosophy of trade. Although I couldn’t understand some sentences due to my English disability, I was enlightened and inspired.
Thank you so much.

Good trade winds
Masa
Attached Image (click to enlarge)
Click to Enlarge Name: 2weeksdemo.JPG Size: 59 KB
  • #874
  • Sep 13, 2008 9:24pm Sep 13, 2008 9:24pm
It should be called the Devils Cup instead of a Holy Grail to emphasize the danger of not knowing what your doing.
  • #875
  • Edited 4:23am Sep 14, 2008 4:06am | Edited 4:23am
I will be demo trading the 100/40 from two angles this week. One will start at the JPY session and the other on the USA open. I will close them at profit like I normally do but want to see how it affects it. I also am dropping the GBP/JPY from my testing. It is consistantly running very close or outside the range of my EA. I feel one of these days its going to cost me and even though it is a good profit maker it is also a dangerous account wrecker.

I also have dropped testing the 50x50 and 50x40 and have changed to a 60x45 to give me more range. When I finally get this mix up in my deposit with IBFX straightened out I am thinking of starting a new thread focusing on just trading the 100/40 live. I am only waiting for the deposits to clear back into my account and then I can transfer the right amount into a live account.

I hate banks, they are so quick to take your money if they think you made a mistake but it takes a week to get it credited back if they make a mistake. Plus I don't get to charge them 20-40 bucks for every mistake they make. I think we should start a forum for banker jokes. I find them much worse than lawyers. jmho

IBFX was good in handling the problem. I have no beef with them. They took care of the mistake on their end quickly.
  • #876
  • Sep 14, 2008 4:32am Sep 14, 2008 4:32am
Quoting masa
...................................................................................
Hi Bob:
Thank you for your comments.
I continued demo trades using 1d Ea and 1d1h1w Ea without manual control last week.
Pictures show two weeks results. On Monday two Eas got large drawdown.After two large drawdowns balance and equity of 1d Ea went very low. I am not sure 1d Ea could make orders with such low equity. 1d1h1w Ea worked well except on Monday and Friday. Anyway I almost understood how they run and recognized potential of profit. My first exercise was finished. I begin next exercise to learn the skill of avoiding death trade from next Monday.
I have read post 851 and 852 that you described your philosophy of trade. Although I couldn’t understand some sentences due to my English disability, I was enlightened and inspired.
Thank you so much.

Good trade winds
Masa
I have a question. Did you shut down the EAs over the weekend? If you didnt then the gaps would have killed the results of your test. The EA works because you get even spacing between levels (every 40 points) gaps cause the entrances to be very unevenly spaced and that ruins the results of your demo and your account.
  • #877
  • Sep 14, 2008 5:17am Sep 14, 2008 5:17am
Quoting nanningbob
I have a question. Did you shut down the EAs over the weekend? If you didnt then the gaps would have killed the results of your test. The EA works because you get even spacing between levels (every 40 points) gaps cause the entrances to be very unevenly spaced and that ruins the results of your demo and your account.
.............................................................................
In two weeks demo, I started EAs at 23GMT and closed all currencies at 22 every day. Therefore , the Monday gap did not affect trades directly, but Ea made wrong position due to the gap and got large loss.
I said 'without manual control'. This meant that I did not make close orders by my decision.
Also I add to say that I forgot to close last Friday. So, there are $-300 of floating loss with 1D1H1W Ea now.
Thanks.
masa
  • #878
  • Edited 12:19pm Sep 14, 2008 11:59am | Edited 12:19pm
Quoting fotoposter1
Hi someonee1234:

I saw your statement, I think that is interesting, may you explain it how work, did you use Bob EA?

Thank you

Ricardo


No it is not same. Am going live in 1-2 days, waiting for my deposit to my live account.

I will be running this EA Sunday-Friday USA Time. This Ea will run 24/5. Will be posting my Live account results soon.
I am not talking much about this system coz I want to post live trades rather than just sit here and talk. And I will also start my own thread soon. Will post the EA and detail settings.
BOB system is also good. He is a genious. But this EA does not stop making money at 400 pip trade going against you. The more it trades the more it makes money.
Setting of this EA is the part that you can set according to your balance. I will stop boring all of you guys now and just post my live trades.

thanks you
  • #879
  • Sep 14, 2008 12:38pm Sep 14, 2008 12:38pm
"The guy who wiped out the 100,000 account was stupid in his trading plan. That is not the EAs fault, that is poor financial planning. He didnt do the math before he started. "

Umm, I think you might be referring to me Bob. I have approached this project very much in the spirit of experimentation and testing as well… I understood months ago that 1.5X is the best level increase. One can’t know what is in store unless you push a system to the limit and beyond. I am happy to report that in spite of leaving the EA open over the amazing moves over the last week (including the gap up Sunday night) that the account is alive and well and rebounding nicely. By Friday afternoon it was back to 76k.

"Yes I agree, this system does take some practice and time to learn. Playing with different parameters helps you learn. The reason I have gotten good at it is I have tried different parameters and seen what happens."

Absolutely. Each needs to push it and learn from it…. I am now in a phase of closing the EA on Friday and will also avoid the yen crosses at least until this period of large trending moves has passed.

. You get a feel of what works and what doesnt. But having seen hundreds of death trades you get a feel for those buzzards. I have collapsed dozens possibly hundreds of demo accounts learning this.


Hundreds... that's impressive! I better get busy and destroy some with this EA!
  • #880
  • Edited Sep 15, 2008 10:36am Sep 14, 2008 10:33pm | Edited Sep 15, 2008 10:36am
I started live trading (as in real $$) with a mini account today with this EA (the 100/40 one).

I'm running the EURUSD with no modifications and the USDCAD with a Money Profit Target of 100. I will be monitoring these charts closely to avoid death trades and I'll let you know how it goes.

EDITED TO ADD: Also, decided to toss in the EURJPY at a Money Profit Target of 50 (I'm crazy, I know).
EDITED AGAIN TO ADD: Got rid of the EURJPY, it was just bringing me down. I guess I'm not THAT crazy after all. I'm still up overall, but man did the eurjpy ever give me a punch in the face
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