Art's journal of adventure & discovery | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Doomer's Trading Adventure 2 replies

my adventure with a semi-martingale system 4 replies

Art's REAL life Fozzy adventure 185 replies

FIBO adventure 10 replies

Attachments: Art's journal of adventure & discovery
Exit Attachments

Art's journal of adventure & discovery

  • #141
  • Feb 12, 2007 4:27am Feb 12, 2007 4:27am
G'day all,

Revised totals for last week (in red), with previously open trades completed:

Quoting Artamon
WEEK 6 MetaQuotes

05/02/07
EURAUD Short: +94
AUDUSD Long: +87
EURUSD Short: +40
EURGBP Short: -48
USDCAD Long: -104
06/02/07
No trades taken
07/02/07
GBPUSD Long: -158
08/02/07
NZDUSD Long: -110
AUDJPY Long: +91
CHFJPY Long: (Open @ +36) +117
GBPJPY Long: +91
EURJPY Long: +94

09/02/07

USDJPY Long: +40 (1 lot still open @ +12) +65
USDCHF Long: +40 (1 lot still open @ +54)

TOTALS: +157 +339
Cheers,
Art...
  • #142
  • Feb 16, 2007 12:12am Feb 16, 2007 12:12am
Hello art,

What were the trades the fozzy EA has gotten you in this week? Ive had several losers and most of them I think are not inline with the original Fozzy method. right now I'm in AUDJPY short, but cross happened below the middle BB line so EA shouldn't have entered.

What were your Fozzy trades this week?

thanks,
Mikhail
  • #143
  • Feb 16, 2007 1:57am Feb 16, 2007 1:57am
I found the answer. I took a quick look in the code turns out the EA doesn't really use Bollinger bands instead it uses SMA as a substitute to the BB, I don't know why he did this...

-Mikhail
  • #144
  • Feb 16, 2007 5:31pm Feb 16, 2007 5:31pm
Hi Mikhail,

To be honest, I've noticed a couple of these type of trades myself. Are you able to modify and post the EA?

I'll post my list of trades later on. But, there have been quite a few losers this week.

Thanks,
Andrew.

Quoting mikhaildgreat
I found the answer. I took a quick look in the code turns out the EA doesn't really use Bollinger bands instead it uses SMA as a substitute to the BB, I don't know why he did this...
-Mikhail
  • #145
  • Feb 20, 2007 3:33am Feb 20, 2007 3:33am
G'day all,

WEEK 7 MetaQuotes

12/02/07
AUDUSD Long: +40
13/02/07
EURUSD Short: -106
14/02/07
AUDJPY Long: +36
NZDUSD Long: +146
EURAUD Short: +40
15/02/07
GBPUSD Long: -2 (not sure why this trade was exited)
GBPJPY Long: -250 (in reality I would never use a 125 pip SL)
CHFJPY Long: -94

16/02/07

EURCHF Short: -84
AUDJPY Short: -110

TOTALS: -384

Last week was not a good result. Losses would've been minimised with proper MM but it was still a disappointing week.

Cheers,
Art...
  • #146
  • Feb 20, 2007 5:03pm Feb 20, 2007 5:03pm
Hi,

Im actually thinking of stating from scratch. I have several ideas I want to add like ATR based TP, MM, etc. So I think it would be easier for me to start from scratch than to modify the code. Will inform you when I come up with something. But right now I'm still using V2.2, and last week also hurt my account...

-Mikhail
Quoting Artamon
Hi Mikhail,

To be honest, I've noticed a couple of these type of trades myself. Are you able to modify and post the EA?

I'll post my list of trades later on. But, there have been quite a few losers this week.

Thanks,
Andrew.
  • #147
  • Feb 22, 2007 9:04am Feb 22, 2007 9:04am
Hey Art,

I made a little modification to Fozzy v2.2. The main problem I found with the EA is its Risk Reward Ratio is horrible. Since TP is always a fixed value and SL can sometime be real big so one loss could nullify all your gains. Anyways i changed the EA so that all the Values would be based on ATR, including TP, SL, Partial TP, and Trail Stop.

So now Risk Reward for each trade would be about 1:1.5, If EA is able to maintain is 80% win rate than this improvement theoretically should rake in much more profit. This also solves the problem of Trailing stop getting hit too easily on high volatility pairs...

Anyways if you want to test it out I attached the modified EA.

Regards,
Mikhail
Attached File(s)
File Type: mq4 Fozzy ATR EA.mq4   13 KB | 402 downloads
  • #148
  • Feb 22, 2007 10:00pm Feb 22, 2007 10:00pm
G'day Mik,

Quoting mikhaildgreat
Anyways if you want to test it out I attached the modified EA.
I'll definately run this alongside the original 2.2 and compare.

BTW, which broker are you with? I'm having a hard time finding a broker that accepts micro lots and does not have a Sunday candle. That Sunday candle seems to throw the system out by a day (ie. trades are initiated a day later) costing pips. IBFX seems ok but for that bloody Sunday candle.

Cheers,
Art..
  • #149
  • Feb 23, 2007 2:13am Feb 23, 2007 2:13am
Quoting Artamon
G'day Mik,


I'll definately run this alongside the original 2.2 and compare.

BTW, which broker are you with? I'm having a hard time finding a broker that accepts micro lots and does not have a Sunday candle. That Sunday candle seems to throw the system out by a day (ie. trades are initiated a day later) costing pips. IBFX seems ok but for that bloody Sunday candle.

Cheers,
Art..
Hi im currently using FXDD, no sunday candle. they have micro lots but you have to request it to be activated via support...

-Mikhail
  • #150
  • Feb 28, 2007 1:39am Feb 28, 2007 1:39am
G'day all,

Last week was such a slow week I forgot to post the trades for the week. Anyway, better late than never :

WEEK 8 MetaQuotes

19/02/07
No trades taken
20/02/07
No trades taken
21/02/07
GBPJPY Long: +86
USDJPY Long: +35
EURJPY Long: +42
22/02/07
USDCHF Long: +41

23/02/07

No trades taken

TOTALS: +204

When I go live I think I'll be using IBFX. I don't like the Sunday candle, but I'll have to see how it affects my trades. For this reason, from here on I will be using their demo feed when posting my results.

Cheers,
Art...
  • #151
  • Last Post: Feb 28, 2007 2:29am Feb 28, 2007 2:29am
G'day all,

The original Fozzy system EA triggered no less than *11* trades today. With the fall of the Dow, the currencies spiked creating all these signals...false signals. As such, if I were trading this live I may have taken 1 or 2 of the 11, but certainly not all of them. Most spikes breached the opposite side of the BB. Not something you want to see over the span of 1 bar. Hence, I'm scrapping this week's results as they are not a true indication of the performance of the system, merely a reminder that you cannot rely on an automated system alone. You need to pay attention to what's happening or it can cost you...and will cost you.

From next week I will run both v2.2 EA and the Mikhail modded EA and compare. I will open an IBFX mini demo account with US$250 and let it run. Again, I will not interfere with the trades.

This is merely for my benefit. Feel free to follow along if you like. The entry price is reasonable.

Cheers,
Art...
0 traders viewing now