Is This My Holy Grail EA :D | Page 65 | Forex Factory

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Is This My Holy Grail EA :D

  • #1,281
  • Oct 13, 2008 12:53am Oct 13, 2008 12:53am
Quoting Maarten999
The problem is that the buy EA is never profitable. Not even in the long term.

Maarten
The problem is you still do not understand the back test is faulty. If you understood that you would not have made the post.
  • #1,282
  • Oct 13, 2008 1:31am Oct 13, 2008 1:31am
hey nanningbob

what type of account are you using the EA on? what leverage you're using?
  • #1,283
  • Oct 13, 2008 3:13am Oct 13, 2008 3:13am
Quoting nanningbob
Try this, drag the EA buy to the buy chart and click the box live trading. Then check to see if the smiley face comes on when you turn the EA on. If this solves the problem save the template to buy and put it on your charts again.

You can test the EA in the strategy tester to make sure it is working in your MT4. Its possible it got corrupted in the download. You can try downloading it again.

Also try compiling the program by turning the MT4 off then on again or putting the EA in the meta editor and compiling it there.
I am sorry to insist, but there is an error in the file tpl you posted.
See photo attached.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ERROR_1.gif Size: 27 KB
Click to Enlarge Name: ERROR_2.gif Size: 25 KB
  • #1,284
  • Oct 13, 2008 3:51am Oct 13, 2008 3:51am
Quoting hilmy83
hey nanningbob

what type of account are you using the EA on? what leverage you're using?
I use IBFX mini account and some of my accounts I use 200:1 and some 400:1. The new EA I am using 400:1
  • #1,285
  • Oct 13, 2008 5:51am Oct 13, 2008 5:51am
I dont want to clutter the thread with an obsevation learned last night that Re-affirms several posts you have made.

Jim
  • #1,286
  • Oct 13, 2008 6:16am Oct 13, 2008 6:16am
Did anyone notice that this EA has massive drawdown? All the tests I did end up with a 35%, 60, or even a 85% drawdown. Anyway, I am still impressed with your work nanningbob.

Anyone testing it live? Maybe testing it with a 100 dollar account and 0.001 lots (if possible), because I am still worried about this drawdown.
  • #1,287
  • Oct 13, 2008 6:35am Oct 13, 2008 6:35am
Proper Capital is key here... I just experienced the same thing ...If you are going to trade .01 (penny lots) you need at least 1k(I think 3k is reccomended). Bob has been telling me this for a week and I was a bit slow on the uptake...got a nice lesson last night though...ouch (good thing it was a demo) but if I had done these .10 trades with 1K I would have wiped out. If I was trading pennies I would have had a <15% drawdown and eventually pocketed 6.5%. Due to the nature of the system (MartinGale) and the fact I had made an ill advised entry I personally feel this is acceptable. (JMHO)
  • #1,288
  • Oct 13, 2008 7:07am Oct 13, 2008 7:07am
Quoting Jimbop
Proper Capital is key here... I just experienced the same thing ...If you are going to trade .01 (penny lots) you need at least 1k(I think 3k is reccomended). Bob has been telling me this for a week and I was a bit slow on the uptake...got a nice lesson last night though...ouch (good thing it was a demo) but if I had done these .10 trades with 1K I would have wiped out. If I was trading pennies I would have had a <15% drawdown and eventually pocketed 6.5%. Due to the nature of the system (MartinGale) and the fact I had made an ill advised entry I personally feel this is acceptable. (JMHO)
With 0.01 lots you need more then a 1000 dollar in your account. There are times when you need more then 5 times the lots (0.01 = 1000 dollars so 5000 dollars), if you don't have a 5000 in your acount with mini lots, it blows up (for example around may 2007).

Maarten

(nanningbob, it always blows up around times that the EA enters too much 0.01 lots orders around the same time. Can we not eliminate this feature, and just keep it with one 0.01 lot all the time?)
  • #1,289
  • Oct 13, 2008 7:11am Oct 13, 2008 7:11am
Quoting Romano
I am sorry to insist, but there is an error in the file tpl you posted.
See photo attached.
Yup you are right. I had the templates wrong somehow. Here is the files again but with the right templates. The buys should be a Burgandy screen and the sells a blue screen. You can download these new copies. Sorry, dont know how I did that one. ?????

You can also just drag the buy ea on the screen, change the backround color and save it as a buy template.

Does anyone know how I can delete that other page so people wont get he wrong version??
Attached File(s)
File Type: zip 100x125 ver 2.zip   85 KB | 490 downloads
  • #1,290
  • Oct 13, 2008 7:18am Oct 13, 2008 7:18am
Quoting Maarten999
With 0.01 lots you need more then a 1000 dollar in your account. There are times when you need more then 5 times the lots (0.01 = 1000 dollars so 5000 dollars), if you don't have a 5000 in your acount with mini lots, it blows up (for example around may 2007).

Maarten

(nanningbob, it always blows up around times that the EA enters too much 0.01 lots orders around the same time. Can we not eliminate this feature, and just keep it with one 0.01 lot all the time?)
That destroys the whole EA. You want to do regular trading. That is not what this is about. Your in the wrong thread if that is what you want. You still havnt gotten the point yet that you are basing your conclusions on faulty data. I will say this one more time and I hope you get it this time:

BACKTESTING IS NOT ACCURATE OR TRUE IT IS BASED ON FAULTY DATA.

Did you get it this time???????????
  • #1,291
  • Oct 13, 2008 7:21am Oct 13, 2008 7:21am
Ohmygosh

100x40 EA took account from 10k to 3k since the start of the Asian session today until US open. I couldn't be there to watch it, so there goes a solid week of profit down in a day. 50x40 with trade closer also down 70%.

All this was after the weekend gap!

Oh well, we are living in very interesting times.

Bob, thanks for developing the new EA -- it looks like we will need it for some time to come.

PD
  • #1,292
  • Oct 13, 2008 7:30am Oct 13, 2008 7:30am
Quoting Maarten999
Did anyone notice that this EA has massive drawdown? All the tests I did end up with a 35%, 60, or even a 85% drawdown. Anyway, I am still impressed with your work nanningbob.

Anyone testing it live? Maybe testing it with a 100 dollar account and 0.001 lots (if possible), because I am still worried about this drawdown.
If you had an 85% drawdown on the 100/125 or 100/40 you are not using pennies you are using dimes or bigger. .01 lots does not mean 1 penny on many accounts, it means 10 cents. Please understand your own accounts and what you are trading. I was trading .05 on my 100/40 and was nowhere near the type of drawdowns you are talking about, not even close. On a 1000 dollar account you went 850 in the hole, that would not be possible with the prices that went today trading 1 penny. Please follow the instructions and know what you are trading before you trade, live or demo.
  • #1,293
  • Oct 13, 2008 7:35am Oct 13, 2008 7:35am
Quoting PistolDave
Ohmygosh

100x40 EA took account from 10k to 3k since the start of the Asian session today until US open. I couldn't be there to watch it, so there goes a solid week of profit down in a day. 50x40 with trade closer also down 70%.

All this was after the weekend gap!

Oh well, we are living in very interesting times.

Bob, thanks for developing the new EA -- it looks like we will need it for some time to come.

PD
Sorry to hear that Dave. My new EA is operating comfortably and smoothly. The GBP/USD has moved over 500 pips today which would have overextended the 100/40 but I still have 200 pips left to move with the 100/125. When it does retrace it will be a nice profit. Since the Euro session is about over I dont expect it to do much more today and the US market is closed. I am hoping someone will want to start taking some profits soon and that will give me the retrace.
  • #1,294
  • Oct 13, 2008 7:36am Oct 13, 2008 7:36am
Quoting nanningbob
If you had an 85% drawdown on the 100/125 or 100/40 you are not using pennies you are using dimes or bigger. .01 lots does not mean 1 penny on many accounts, it means 10 cents. Please understand your own accounts and what you are trading. I was trading .05 on my 100/40 and was nowhere near the type of drawdowns you are talking about, not even close. On a 1000 dollar account you went 850 in the hole, that would not be possible with the prices that went today trading 1 penny. Please follow the instructions and know what you are trading before you trade, live or demo.
Have you backtested this EA yourself? And yes you can say that backtesting is not accurate and that is true, but it gives you an idea what to expect. And the problem is that this EA blows itself up in the end.

Ow, and by the way, look up the response above yours (post #1291). Proves my point.

Anyway, still... good work nanningbob, don't get me wrong I don't want to insult you or your hard work, but I am just saying my thing, thats how a free society works.

Maarten
  • #1,295
  • Edited 1:50pm Oct 13, 2008 8:03am | Edited 1:50pm
Hey Bob and all

Ive taken your new long/short method and applied it to all eight of your recommended pairs. Using 0.01 pennies on FXDD demo. Turned the EA on about an our after open, then went to bed. This AM there had been some movement, I think I was up $50 or so. Was happy with that.

As the day has progress through the Euro session It's now locked in $346.
was I happyhttp://www.forexfactory.com/images/icons/icon10.gifhttp://www.forexfactory.com/images/icons/icon10.gifhttp://www.forexfactory.com/images/icons/icon10.gif

The max drawdown so far has been $438 driven manly by the GBPUSD. The interesting thing with this is that because your equity balance is rising regularly in essence the drawdown has been only around $100 (much better for you emotional health)

I know it's very early days on this but I have to say Bob you are one clever guy. Take my hat off to you.

Thanks James

Ah...... nope that'll be dimes I'm using
  • #1,296
  • Oct 13, 2008 8:06am Oct 13, 2008 8:06am
Quoting Maarten999
With 0.01 lots you need more then a 1000 dollar in your account. There are times when you need more then 5 times the lots (0.01 = 1000 dollars so 5000 dollars), if you don't have a 5000 in your acount with mini lots, it blows up (for example around may 2007).

Maarten

(nanningbob, it always blows up around times that the EA enters too much 0.01 lots orders around the same time. Can we not eliminate this feature, and just keep it with one 0.01 lot all the time?)

You did not even read what I wrote...I said Pennies not Dimes....Also I avoid NY and London makets and My results are Very Good...Back testing doesnt mean $hit on this because you are running 24 hours..and that is not smart. Of course you'll blow -up then

and for your info $1000 is 100,000 pips which is enough.
  • #1,297
  • Oct 13, 2008 8:08am Oct 13, 2008 8:08am
man, i'm not sure if I want to test out the 100/40 or 100/125

I have a 1:400 with ibfx. what do you think nanningbob? are you just using one of them or 2 on separate accounts??
  • #1,298
  • Oct 13, 2008 8:14am Oct 13, 2008 8:14am
i have not had a chance to run this yet because i'm reading this at work. Im very new to this thread.

just a clarification … i turn the buy and sell on when price is between the 2 lines. When do i turn the EA off? Do I keep buy and sell on as price moves beyond the range?
  • #1,299
  • Oct 13, 2008 8:29am Oct 13, 2008 8:29am
Quoting psperos
i have not had a chance to run this yet because i'm reading this at work. Im very new to this thread.

just a clarification … i turn the buy and sell on when price is between the 2 lines. When do i turn the EA off? Do I keep buy and sell on as price moves beyond the range?
You exit when you have a comfortable profit. I am hoping this EA can run 24/7 and only close on weekends but I have not done enough live testing to conclude that. You have to remember this is not even a week old at these numbers plus the market is moving like it has never moved before. So there are too many unknowns right now to make those decisions. We will live demo and find the answers though. So far I have closed every day when I reached over 30 dollars profit. That would be 1% a day on a 3000 account 3% on a 1000 account, a very acceptable figure.
  • #1,300
  • Oct 13, 2008 8:32am Oct 13, 2008 8:32am
Quoting hilmy83
man, i'm not sure if I want to test out the 100/40 or 100/125

I have a 1:400 with ibfx. what do you think nanningbob? are you just using one of them or 2 on separate accounts??
I am live the 100/125 and demo the 100/40 and the 60/45. The 100/40 was a good dependable workhorse until the markets went crazy. Its range is 3-400 pips a day and many currencies are running more than that. I would not try live trading with it unless you are there to monitor it all day.
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