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Is This My Holy Grail EA :D

  • #1,221
  • Oct 11, 2008 12:41am Oct 11, 2008 12:41am
Quoting Toothman
You wanted us to report discrepancies with the EA. On 10/9 at 2:11 GMT the EA made a first level buy trade on the AUD/CAD when price was well below the 2MA. I have yet to get the Account money Protection function to work. Could be me. I'm using a separate script for account protection now. I'm not complaining; just thought you'd like to know. I'm with IBFX.
Thanks, I have not used all the functions in the code and dont even know if they work or not. I have spent so much of my time getting the basic philosophy or system to work I didnt bother with them. Also I was very confident that my system would work in almost every case, well until, the market madness for the last couple of weeks. I would use the account protection code that you have, it really is not a problem since you just need to use one more chart to attach it.

The one Account protection that has worked and it was the one that saved my account from the EUR/AUD was you put in the amount you are willing to lose and then it will stop and close all trades. That one has worked for me. So when it hit -500 it closed all the trades and I took my loss.

extern bool AccountMoneyProtection=True;
extern double AccountMoneyProtectionValue=500.00
  • #1,222
  • Oct 11, 2008 12:53am Oct 11, 2008 12:53am
Hey Leo, Can we change the code so when price crosses on a particular currency in the wrong direction it will close and reenter in the same direction instead of all. Imagine last Monday if the EUR/AUD move it made the switch and we guaranteed ourselves to be on the right side of that move. I already know the biggest problem with coding that will be the constant recrossing of the line back and forth during normal price action. My solution would be to use the median feature but then it can get stuck on the wrong side if price does a fake out. I also know this feature would drive you nuts during a ranging market closing trades it should not be closing.
  • #1,223
  • Oct 11, 2008 12:57am Oct 11, 2008 12:57am
Quoting toyoproxo
That is interesting. I was running 14 pairs and I changed to .04 at $4,000 balance and it basically blew out the account yesterday unlike yours. It was doing great before that though. I was using the same principal of .01 lots to each 1k.
You need to get rid of the pairs that are operating outside the parameters of the EA. I listed 8 earlier that are still running inside these parameters so try again using those 8 and I think you will be successful. The Eur/aud will blow any account even at .01 right now, that is how out of range it is running right now.
  • #1,224
  • Oct 11, 2008 1:03am Oct 11, 2008 1:03am
Quoting Jimbop
Traded Wednesday night from 6pm-7am thurs and6pm thurs to 11pm (demo) on 1k monitoring pretty close I was able to gain $870 tradeing .01 lots on 3 pairs (highly volitile) Avoided one Death trade and was able to exit with minor profit...EA reentered and made $100 on the reverse.

I know these results are not typical the Market is currently on Crack. but I gotta believe 2-3% a day 10% a week or 40% a month is possible.

Thanks
Jim
Ah you could not make 870 dollars trading 3 pairs at .01. I bet your MT4 is trading dimes and not pennies which means you can blow your account quickly. There are MT4 companies that do not trade pennies but their .01 = 10 cents not 1 penny. Remember when I put in the code .01 it is referring to lots not pennies. If you have a mini account with IBFX it is trading 1 cent if you have a regular account it is trading dimes. Please check and make sure of what you are actually trading.
  • #1,225
  • Oct 11, 2008 1:40am Oct 11, 2008 1:40am
Quoting toyoproxo
That is interesting. I was running 14 pairs and I changed to .04 at $4,000 balance and it basically blew out the account yesterday unlike yours. It was doing great before that though. I was using the same principal of .01 lots to each 1k.
Could you please shed more light on how you let a winning run turn into a loser,since a major task of this system is looking out(like a sniper) for the death trade and nipping it(them) in the bud before it(they) cause(s) any major damage.Were you not there to watch?

It is necessary to know.

Cheers.

Charles.
  • #1,226
  • Oct 11, 2008 1:53am Oct 11, 2008 1:53am
Charlyeze: I don't know about him, but I lost ~$300 two times in two weeks because I let it run, unmonitored, in this crazy market. Both times, it was a AUS pair. I'd be willing to bet that the case is the same for him.
  • #1,227
  • Oct 11, 2008 2:05am Oct 11, 2008 2:05am
Hi Bob,
Here is my statement for 7th-10th Oct.Even in these turbulent times,this ea continues to demonstrate its monstrousity.I was closing and restarting 3 times daily on average(especially when I see some profit accumulated).I also close and run when a death trade begins to brew.

I aspire to live-trade the system fulltime,starting next week.I reason that if one has the time to monitor the trades,one stands a strong chance of success even in this scary times.the trades were over 12 pairs,0.02lot size,starting balance of 5000,1:200 leverage.I would love to have your thoughts on this.Thanks.

Sometimes it feels like some dream Bob!
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  • #1,228
  • Edited 2:44am Oct 11, 2008 2:22am | Edited 2:44am
OK, how about this test bob...
Attached is a 'flipped' version of 100/40 1D and also the normal version (so people can find it easily if they need to). The only difference is that with the flipped version, it buys where the normal version would sell and it sells where the normal version would buy.

The idea is to run 16 pairs. 8 with the normal, 8 with the flip. Same pairs, just doubled, not 16 different pairs.

During a ranging market, they should BOTH make money (since they should retrace). The key is to watch for and close death trades. Once the death trade is killed, you can rejoice knowing that the other ea is still going the 'right' way.

ATTENTION PERSONS WHO DO NOT READ THE POST: 'FLIP_100+40 1D' IS PROGRAMMED TO ONLY WORK ON DEMO ACCOUNTS. IT WILL NOT WORK ON A LIVE ACCOUNT. IT IS FOR TESTING PURPOSES!!


Of course, the normal 100+40 will work on your live account and it's a very nice work of art, I must say.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 1.png Size: 105 KB
Attached File(s)
File Type: mq4 FLIP_100+40 1D.mq4   26 KB | 311 downloads
File Type: mq4 100+40 1D.mq4   24 KB | 338 downloads
  • #1,229
  • Oct 11, 2008 2:25am Oct 11, 2008 2:25am
Quoting Charlyeze
Hi Bob,
I reason that if one has the time to monitor the trades,one stands a strong chance of success even in this scary times.
You are correct. This is how I made $1000 last week. Who knows, in a few months when things calm down (I hope!) we can go back to leaving it alone most of the day while we work and sleep. Alas, I'm a dreamer.

Also, congratulations on your effort with the demo account, it looks really good!! I think you have it down!
  • #1,230
  • Oct 11, 2008 3:03am Oct 11, 2008 3:03am
Until then, the software just waits for the ATR to cool off....

Quoting FrostCall
. Who knows, in a few months when things calm down (I hope!) we can go back to leaving it alone most of the day while we work and sleep.
  • #1,231
  • Edited 3:44am Oct 11, 2008 3:16am | Edited 3:44am
OK guys, I want an EA I can turn on, go to work and not have to worry about getting plastered. If the markets are going to go crazy well then so am I. This has only been tested for 3 days but it works. Turn it on Monday after the gaps according to one simple rule and let the profits fly, hopefully,

EA and instructions are in the attached folder.

Only one rule, only turn EA on when price is between the two white lines, the closer to the yellow pivot line the better. IE support S1 and resistance R1 and never before Mondays gaps.

Range of the EA 625-700 pips,
5 levels 125x5 = 0, 125, 250, 375, 500, 625
Stop loss set at 800 on each pair.
Take profit 100 pips.
Now here is the key: multiplication is 3.0
trading 1 penny (SORRY GUYS NO DIMES YOU WILL GET KILLED)
AMOUNT .01 .02
LEVEL 1 -- .01 .02
LEVEL 2 -- .03 .06
LEVEL 3 -- .09 .18
LEVEL 4 -- .27 .54
LEVEL 5 -- .81 1.62
NO MORE YOU TRADE HIGHER THAN THAT YOU WILL GET KILLED. IF YOU LIKE THE EA TRADE MORE ACCOUNTS NOT MORE MONEY.

Philosophy explained next post by Nanningbob
Attached File(s)
File Type: zip 100x125 ver 1.zip   85 KB | 458 downloads
  • #1,232
  • Oct 11, 2008 3:26am Oct 11, 2008 3:26am
cool, thanks Bob. Attached, I converted the word 2007 file to a PDF for those without Word.

EDIT- I just shed a small tear! Looks like I'm not that crazy after all
Attached File(s)
File Type: pdf 100x125 EAs ver 1.0 Instructions.pdf   38 KB | 673 downloads
  • #1,233
  • Oct 11, 2008 3:39am Oct 11, 2008 3:39am
OK guys here is my thinking.
1. I needed more range than the 100/40 was providing during these turbulent times.
2. I want to trade not sit on the sidelines so I adjust to the market.
3. So instead of more money and more levels, how about less money and less levels. (staying with my basic philosophy that martingale system problems are solved with less not more)

Here is how it works. When you turn on the EA it will put on one sell and one buy. (Some of you have begun exploring this issue I see in previous posts, I've been working with it quite a while now)

The range is set beyond even what some of these currencies are doing during this crazy time. When the market moves 100 points, you dont care which direction, it banks a profit and reenters both directions but this time one trade is at level 1 and another is at level 2. So your account will begin growing but the trade balance will grow in the negative at a slightly faster rate.

It will continue doing this until the market begins its retracements or change of direction. When this happens the trades in the opposite direction will now profit or will begin reducing the overall negative balance. The profit for the day will start overtaking the negative balance and you will have more money going in than the overall carry of the negative trades that are live.
If you see good profit and prices are outside the white lines somewhere (near S3 or R3 or beyond) Close your trading in profit and wait until prices come inside the white lines again. If they are inside the white lines keep trading you are very safe there. If you are beyond R3 or S3 you know you are in danger land. The 8 trading pairs I recommend with this system are in the folder and there are 3 that probably will work well with it also. In these turbulent times this has worked well with the recommended pairs.

Problems this solves. 500 pip spikes, no problem, widening of spreads at news, no problem. Emergency stop loss, its there. Internet connection loss TP and SL should be posted at the home server both directions. Go to work, all the recommended currencies have stayed in the EAs range even during the last two weeks. Good luck guys, test it and let me know what you think. I hope each of you make a good living. I hope I do too.

nanningbob
  • #1,234
  • Oct 11, 2008 3:42am Oct 11, 2008 3:42am
here is what the charts look like
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbp chf sell.gif Size: 15 KB
  • #1,235
  • Oct 11, 2008 3:54am Oct 11, 2008 3:54am
My testing so far has shown, drawdowns are much less. Margin usage is low. Profits are more sure because we dont care which direction the market is going anymore. We begin growing our account as soon as we hit every 100 pips. The change of direction makes the negative balance grow small quickly. We are only looking for a retracement every 600-700 pips. The distance from R1 to S1 is a large target so it is easy to enter. Price goes beyond R3 S3 then we get to worry a little. Lots and lots of room. If price is going to go more than 700 points in one direction with out any retracement on 8-10 pairs then I need to waste my time on something else.
  • #1,236
  • Edited 4:59am Oct 11, 2008 4:07am | Edited 4:59am
Quoting nanningbob
Hey Leo, Can we change the code so when price crosses on a particular currency in the wrong direction it will close and reenter in the same direction instead of all. Imagine last Monday if the EUR/AUD move it made the switch and we guaranteed ourselves to be on the right side of that move. I already know the biggest problem with coding that will be the constant recrossing of the line back and forth during normal price action. My solution would be to use the median feature but then it can get stuck on the wrong side if price does a fake out. I also know this feature would drive you nuts during a ranging market closing trades it should not be closing.
Bob,
I can try to play with including coding that closes open trades if a 1H or 4H bar closes on the opposite side of the MA. This week my teaching year begins so will be busy with new schedules, tasks, etc.. I'll try to get to it and test but it might take a week.....

Clever idea to include the Pivot S1 & R1 lines as a range which indicate the pair is ranging rather than trending. I'll try to run your new strategy this week. I also want to run a couple parallel 60+45 accounts that are identical but with one using the small profit closure to re-align the trade direction. During ideal market movement I think it will simply cut down the draw down and profit similar to cutting the entry lot size on a normal setup. It's value will only be seen if during erratic or strong market moves it banks more pips and avoids killer drawdowns than the original default version of the expert. We'll see.

In response to Frostcall's comment; from my observation the 50+40 only reached profit with close and new open 2-3 times a day. So its not like a 'rapid-close' scalper which closes so often that the spread eats up profits. The bottom line is the equity curve line so I'll keep running tests and post them here. Thanks for posting the PDF of Bob's instructions. I only have MS Word 2003.

My 100+40 D1.5 racked up $2000 on a $5000 demo over the last 5 days so I'm happy to know there's already a plan that works. For those of you that mention you had $300 losses; both the 100+40 and 60+45 had floating drawdowns of $300-800 on my accounts this week. Because this wasn't due to 1-2 pairs in a death trade trend, I kept them open and with another 4-6 hours they'd bounced back. I closed all trades when the DD came back to <$50.

Other details; I set the expert to open trades at 01:00 GMT which is 10am Asian market/Tokyo time. I think this was Ajeffs opening time and it seems to give the market time to pick a trend direction. The floating temporary drawdowns did reach 16% but final equity drawdowns only 3%. I sometimes closed between the end of Asian and restarted before New York open. Other days if a temporary floating drawdown was high, I let it run into the US session but closed half way through the day when balance reached <$50.


LeoM
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  • #1,237
  • Oct 11, 2008 9:46am Oct 11, 2008 9:46am
Leo I am trying to understand the TP strategy you posted earlier. I cant seem to understand how $1 total profit on the account helps you. If it runs in the red and is in trouble then it never reaches the $1. I must be missing something here or I am just not getting it.

OR

Does it do its figure from the account history? If it does, lets say the first 50 dollars deposited, would trigger a reset but at that point all currencies reenter and the theory is they would all be in the daily trend. The constant resetting based on every 50 dollars deposited ensures wrong direction trades are reset into the right direction. Is that how it works?? If I understand that correctly I think that is a great concept.

OR

????
  • #1,238
  • Oct 11, 2008 10:15am Oct 11, 2008 10:15am
Quoting Leomeister
In response to Frostcall's comment; from my observation the 50+40 only reached profit with close and new open 2-3 times a day. So its not like a 'rapid-close' scalper which closes so often that the spread eats up profits. The bottom line is the equity curve line so I'll keep running tests and post them here. Thanks for posting the PDF of Bob's instructions. I only have MS Word 2003.

LeoM

Cool, good to know. Market is closed so I was unable to run any tests on the system, my comments where merely my concerns. Thank you for your work on the closer.
  • #1,239
  • Oct 11, 2008 10:55am Oct 11, 2008 10:55am
I'm loaded up with the new version and will begin testing on Monday. Thanks much.
  • #1,240
  • Edited 1:56pm Oct 11, 2008 1:35pm | Edited 1:56pm
Quoting nanningbob
Leo I am trying to understand the TP strategy you posted earlier. I cant seem to understand how $1 total profit on the account helps you. If it runs in the red and is in trouble then it never reaches the $1. I must be missing something here or I am just not getting it.

OR

Does it do its figure from the account history? If it does, lets say the first 50 dollars deposited, would trigger a reset but at that point all currencies reenter and the theory is they would all be in the daily trend. The constant resetting based on every 50 dollars deposited ensures wrong direction trades are reset into the right direction. Is that how it works?? If I understand that correctly I think that is a great concept.

OR

????
The basis for setting the profit closure at a minimum was based on observation of the behaviour of the account P/L when running the 50+40. It seems to typically run in the red but the balance will cycle, approaching $0, then falling back to a larger negative P/L level, then moving back towards $0. During this cycle individual pairs move into profit then hit their TP and close all trades, and reopen for that pair. So profits are being banked during this P/L cycling process.

The idea to choose +$1 for a global close/open was because this seemed to be at the top of the P/L cycle for 50+40. This experiment is just a seat-of-the-pants use of available tools to see if this P/L cycle could be used to provide a semi-regular re-alignment of trades. The potential success of this rides on the benefits of basket trading a large group of pairs. If its successful its because in the group there will always be more pairs open on the trend side of their MA and a few that reverse into loss. The move into positive P/L in the account, with all close and new opens, primarily benefits and realigns the minority few that were moving against the trend.

I don't know that this is the solution to the 'death trade' but more a smoothing solution for volatile markets.

As you suggest, one could certainly experiment with using other key moments to open/close and re-align all trades. As you mention it could be when the daily profits banked in the account reach a set amount. It could also be set to when the account reaches a total draw down amount. This last would re-align all pairs when the market is moving against you but at a significant loss to your account balance. I wouldn't recommend this. As there are a small handful of pairs that are subject to runaway death trades, these could selectively have a stop loss amount set just on that pair. For example this would close EURAUD alone when it hits a death trade and is down 300 pips. Other pairs would keep trading.

You've already mentioned the benefit of closing, re-opening between market periods. I suppose one could experiment with programming the expert to open and close all trades automatically at specific times?
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