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Is This My Holy Grail EA :D

  • #1,141
  • Oct 8, 2008 12:02am Oct 8, 2008 12:02am
Bob I'm on the sidelines with you.

My filter is an ATR(48) > 0.0040 EURUSD hourly.

If it goes above 0.004, I stay out.

I find these markets just self correcting with all the dollar news.... they should settle down once a clear future begins to emerge.
  • #1,142
  • Oct 8, 2008 4:52am Oct 8, 2008 4:52am
Hi Guys,

I have a question here. Can someone explain what does the max trades do?
May the pips be with me !!!
  • #1,143
  • Oct 8, 2008 6:36am Oct 8, 2008 6:36am
Quoting ahlude
Hi Guys,

I have a question here. Can someone explain what does the max trades do?

Max trades is the number of levels or times it will reenter. If set at 8 it will enter 8 times and that is all.
  • #1,144
  • Oct 8, 2008 6:37am Oct 8, 2008 6:37am
Egads the Eur/aud moved 1850 pips already today and we are not even in the US session. Anyone want to play?????
  • #1,145
  • Oct 8, 2008 7:27am Oct 8, 2008 7:27am
Quoting nanningbob
Egads the Eur/aud moved 1850 pips already today and we are not even in the US session. Anyone want to play?????
You wont believe me unless I showed you the chart, but I cleared 50% last night while I slept. I left it running, not forseeing these drastic moves. They just happened to retrace like they should and the EA ate them alive. I'm up and awake now and about to close everything down and have some breakfast. I'm glad for my pips but only because things went my way. Had they gone another way, that could have been -50%.

The Chart

And the graph from this week:
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  • #1,146
  • Oct 8, 2008 7:41am Oct 8, 2008 7:41am
Also to Tdion, I like the idea of checking the volatility of the market with ATR, any way to easily stick an option like this in the indicator bob?

Also, closed everything out for now. You will see that as a nice flat line on the chart
  • #1,147
  • Oct 8, 2008 7:55am Oct 8, 2008 7:55am
Quoting FrostCall
You wont believe me unless I showed you the chart, but I cleared 50% last night while I slept. I left it running, not forseeing these drastic moves. They just happened to retrace like they should and the EA ate them alive. I'm up and awake now and about to close everything down and have some breakfast. I'm glad for my pips but only because things went my way. Had they gone another way, that could have been -50%.

The Chart

And the graph from this week:


That is great but you are not trading the eur/aud which moved 1850 pips. I am trading the 14 pairs Nanningbob recommended including the eur/aud and I think my account margined out. I am at work so I have to wait till I get home to find out. It is only a demo account so no worries.
  • #1,148
  • Oct 8, 2008 8:03am Oct 8, 2008 8:03am
Quoting toyoproxo
That is great but you are not trading the eur/aud which moved 1850 pips. I am trading the 14 pairs Nanningbob recommended including the eur/aud and I think my account margined out. I am at work so I have to wait till I get home to find out. It is only a demo account so no worries.
I have dropped all AUD, NZD, CAD. they are too weak of currencies to play against the big boys. Even though the Cad has held I dont trust it. I have gone to only 8 pairs. The rest are too volatile. I will enter late morning and trade to the USA open. I am staying out of the USD mornings for now. All the banks did a rate cut so there is no telling what will happen today.
  • #1,149
  • Oct 8, 2008 8:05am Oct 8, 2008 8:05am
You're right. I'm not trading the EUR/AUD. I pulled out of that one last week or the week before if I remember correctly. The moves were still quite large by proxy. My point is not to brag, but to say I got REALLY lucky that things went my way. I'm now on the sidelines until things calm down a bit.
  • #1,150
  • Oct 8, 2008 8:05am Oct 8, 2008 8:05am
Quoting FrostCall
Also to Tdion, I like the idea of checking the volatility of the market with ATR, any way to easily stick an option like this in the indicator bob?

Also, closed everything out for now. You will see that as a nice flat line on the chart
All you have to do it add it to your screen. I think TDion should teach a short lesson on how to use it. That is an indicator I have not used.
  • #1,151
  • Oct 8, 2008 9:14am Oct 8, 2008 9:14am
If Tdion has the time, I would love to hear him on the use of ATR. I've looked a few things up on it, but I would be interested to know why he likes using 48 days and why .0040 as his upper limit.
  • #1,152
  • Oct 8, 2008 9:17am Oct 8, 2008 9:17am
Well guys, I was wrong. I wish this demo was a real account. Started on Monday, September 29 with $2,000. Current equity is $3,916. 100% gain in less than 2 weeks. This is with 14 pairs and .03 lots with me intervening and shutting down all trades 2-3 times a day. When I came home the account was in approximately $250 in draw down from the eur/aud. That is the dip at the end. NanningBob, I can not thank you enough. I have never seen an ea do this well in my life.
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  • #1,153
  • Oct 8, 2008 9:36am Oct 8, 2008 9:36am
Quoting toyoproxo
Well guys, I was wrong. I wish this demo was a real account. Started on Monday, September 29 with $2,000. Current equity is $3,916. 100% gain in less than 2 weeks. This is with 14 pairs and .03 lots with me intervening and shutting down all trades 2-3 times a day. When I came home the account was in approximately $250 in draw down from the eur/aud. That is the dip at the end. NanningBob, I can not thank you enough. I have never seen an ea do this well in my life.

Congratulations on the success (even if it is a demo account)!
As Bob has stated numerous times, watching this EA and shutting it down when needed, and spreading out the risk among many currency pairs is the key to success. Be sure to keep this in mind if you decide to go live. Remember to every now and then cash some of your profits
  • #1,154
  • Edited 11:28am Oct 8, 2008 10:28am | Edited 11:28am
On demo, I let the EA run overnight and today on six majors (no CAD), but I implemented the (1) protect 90% feature and (2) close all orders when profit hit $50 (while sleeping). So far so good - the EA took profit a few times but closed a ton of orders; account protect feature was not triggered.

Edit: Now that I had a chance to review last night's trades in detail, it looks like the account protection feature triggered and recovered from two drawdowns. I am still reviewing the features of this EA, but it appears that by the time the EA closed all the open orders, the drawdown was only 6.5% (instead off the expected 10%). This is a good opportunity to test this EA in extreme conditions.
  • #1,155
  • Oct 8, 2008 11:17am Oct 8, 2008 11:17am
This is the graph for the trading days October 2 thru October 8.

I was following the rules I outlined earlier. It shows steady but slow increase in equity over that period as you can see.

Most importantly, the drawdown was low and the account is still growing.

I am only running the EA when I am able to watch it and open/close positions & restart the EA when I want.

I am usually closing out the positions and restart after it gets up about $25-$50. If it goes against me more than $100 I will wait for it to retrace back to even or a small profit/loss and close all & restart. It usually will do that. Sometimes I have done that once or twice an hour, and sometimes I will let it run for a few hours before I get out and in again.

I am not getting any huge gains, but no large losses either.

But I will say, I was lucky I was out during the huge spikes during the last two days. I traded, and it was volatile, but I started after most of the huge moves were settling down somewhat.

I think closing and restarting after a moderate gain is a good idea because if the market begins to swing against you sometime during the day I feel that doing it this way will get you back on the right side of the move instead of being on the wrong side and waiting for a retracement that may not come in time to save you.

I am going to be experimenting with a little larger drawdowns/profits before closing out, considering that so far the drawdown has been minimal using this strategy. I should be able to get some larger profits if I will tolerate some larger drawdowns.

Again, I think the key is to close/restart at some interval. Instinctively, my sense is that that frequency should vary depending on the daily range and volatility of the market each day.

Anyway, that is my thought on it so far. It looks like we should have some opportunity to find out more this week.

Stay safe.

PD
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  • #1,156
  • Oct 8, 2008 11:45am Oct 8, 2008 11:45am
Thanks Dave! Those of use who have been using the EA can easily tell by looking at the chart where you have closed your trades (the flat spots). Glad to know so many people are doing this right and making money.
  • #1,157
  • Oct 8, 2008 5:42pm Oct 8, 2008 5:42pm
First I want to say thank you for all your compliments and suggestions. I have received a lot in this thread and by email. Even in these turbulent times we have seen good results but I can see most people have respected the latest moves in the markets. Well, it is off to work for me but I just wanted to recognize the thanks I have received. I hope everyone make some $$, times look like they are going to be tough for a while.
  • #1,158
  • Oct 8, 2008 6:01pm Oct 8, 2008 6:01pm
Here is my 3000 mini demo running almost nonstop over the last two days on six pairs, with 90% account protection and a set $50 take profit. Not to shabby considering the volatility.
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  • #1,159
  • Oct 8, 2008 7:08pm Oct 8, 2008 7:08pm
Quoting nonlinear
Here is my 3000 mini demo running almost nonstop over the last two days on six pairs, with 90% account protection and a set $50 take profit. Not to shabby considering the volatility.

What size lots did you use??
  • #1,160
  • Oct 8, 2008 7:56pm Oct 8, 2008 7:56pm
0.1 lots on 100/40
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