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Is This My Holy Grail EA :D

  • #1,341
  • Oct 15, 2008 6:18pm Oct 15, 2008 6:18pm
One man's death trade is another's retracement...at 1 cent per $1,000 using the 1.5 X 100/40, my demo acct has been holding its own against all of the recent volatility... I am actually hoping to blow up this account.. I have left it open for the past 2 weeks and it refuses to die... in fact after a 50% swing down, it's back to a 20% gain over the past 2 week period...I have not closed it down once since the craziness began...just more data to think about....
  • #1,342
  • Edited 7:46pm Oct 15, 2008 7:33pm | Edited 7:46pm
Prior to just a few hours ago my largest unrealized drawdown was about $30, however about an hour ago my equity (not balance) was down $130 at $3009.

As far as trading this system (100/125), I just turned it on at 11pm PST Sunday night and haven't touched it since. There have been several times where a pair has reached the R3/S3 area where I probably would have closed it down in a live account but I let it ride. Basically my only exit is the 800 pip stop loss (none so far). However, I should add that my account right now, is only down $62 - a gain of $70 in under an hour (trading pennies!). So there is some merit to holding positions.

My account so far:

Starting Balance $3000
Current Balance $3135
Current Equity $3070
Margin 32.00

So far the pivots have proven very accurate on predicting reversals.

As far as the definition of the death trade, I think I would say "...within the boundries of your chosen range" rather than "time or resources" since both of NB's systems are designed to handle specific ranges based on his study of many currency pairs over a seven year period.
  • #1,343
  • Oct 15, 2008 10:00pm Oct 15, 2008 10:00pm
Quoting jnevins
That pretty much nailed it... however it really is all about time frames and perspective.... How are you defining long term trend... the 4hr, the daily, weekly or monthly? When the bot is running, our mindset is really on the 5 or 15 min chart, realistically....
This is a true statement and why I did not define the time frame. The better your account is funded, and the lower your lot size, the LARGER your time frame. With a smaller account (or larger lot size) you are definatly looking at a shorter time frame. However, the logic is still the same (I believe anyway).

So my idea would be to have the EA self monitor your lot size, account size, some other factors, and then look at both the volitility and the range of each market currently, and historically (using a pre defined number) and self-adjust to the market in real time. This might mean closing trades, this might mean changing lot sizes (lower).
  • #1,344
  • Oct 15, 2008 10:40pm Oct 15, 2008 10:40pm
Quoting Toothman
I've been trading the new system non-stop since 9:30 PM EST Sunday night. It's up $301.95 with about a -$40 floating equity right now. Largest drawdown was -$308.14 on Monday. I like it. Thanks Bob.
Thanks, I have my retracements from last night I will have a very good week. I cant wait until I get home to check. I will close for the weekend and post my results. This really looks promising
  • #1,345
  • Oct 15, 2008 10:43pm Oct 15, 2008 10:43pm
Quoting FrostCall
I feel that in order for me to develop a system to defend against the death trade, I must first be able to define it.

So far, I'm thinking about defining a death trade as:

A major, long term trend, that shifts is the opposite direction than when you entered the trade; that does not have a high probability to retrace within the boundaries of either your chosen time frame or your resources.

Critiques? Suggestions?
That is very close to my definition. My definition is a trade that goes beyond the boundaries of the EA and has very little chance of taking profit before running out of margin.
  • #1,346
  • Edited Oct 16, 2008 12:26am Oct 15, 2008 10:47pm | Edited Oct 16, 2008 12:26am
HI
  • #1,347
  • Oct 16, 2008 12:34am Oct 16, 2008 12:34am
Cool, glad we all pretty much all agree on exactly what a death trade is. Now the tricky part, trying to prevent it in the first place and stop it after it's started, with as few 'false positives' as possible.

Nanningbob and Tdion basically nailed it on preventing the death trade in the first place (that is, not trading when there is high volatility or a much greater than normal range in the market). I'm going to focus the next few days on developing a 75% accurate signal to flag a death trade once it has started and then work on having the EA adjust it'self once it gets the flag. Of course, my wife has the next few days off as well, and she likes it when I pay attention to her and not the computer, so we shall see what happens.
  • #1,348
  • Oct 16, 2008 12:36am Oct 16, 2008 12:36am
Bob, just thought of integrating a self adjusting system that will change from 100/40 to 100/125, 60/40, etc.. based on market fluxuations. In your experience (which is a LOT with this system), when are the best times to use each of these and for what reasons?
  • #1,349
  • Oct 16, 2008 1:01am Oct 16, 2008 1:01am
Quoting FrostCall
Bob, just thought of integrating a self adjusting system that will change from 100/40 to 100/125, 60/40, etc.. based on market fluxuations. In your experience (which is a LOT with this system), when are the best times to use each of these and for what reasons?
It really has nothing to do with times but market ranges. A market can range at any time. Yesterday it was the afternoon session when prices took off while the rest of the day was quiet. Mondays are almost always the slowest days of the week however the last three weeks they have had the wildest swings in history. You are trying to predict the future and then run the best EA. If you figure that one out, we are all instant millionaires.

What a great day. After yesterdays late run they retraced beautifully and I have had my best day with the 100/125. It is 2 in the morning EST and I still have the best part of the day ahead of me.
  • #1,350
  • Oct 16, 2008 1:50am Oct 16, 2008 1:50am
Thanks, I should have been more clear. By 'times' I meant 'situations'
From what I gather, you prefer the 100/125 for a widely ranging market, 100/40 for a 'normal' market and the 60/40 for a 'not-so-wide-ranging' market, is this accurate?

Also, making rather nice gains tonight as well! I wish I had not pulled out a few days ago, that retrace would have made me a ton.
  • #1,351
  • Oct 16, 2008 4:52am Oct 16, 2008 4:52am
Quoting FrostCall
Thanks, I should have been more clear. By 'times' I meant 'situations'
From what I gather, you prefer the 100/125 for a widely ranging market, 100/40 for a 'normal' market and the 60/40 for a 'not-so-wide-ranging' market, is this accurate?

Also, making rather nice gains tonight as well! I wish I had not pulled out a few days ago, that retrace would have made me a ton.
Yes with this market you need the range. The 60/45 actually has more range than the 100/40 but when it gets in trouble its a hit, but when it is winning it makes more money.
  • #1,352
  • Oct 16, 2008 5:06am Oct 16, 2008 5:06am
Quoting nanningbob
Lincoln, go into the code and change the Max trades 5 to a 4 (red line) you then can trade higher lots (blue). See example below. You will have 4 reentries the 4th being at 500 pips. EA range 5-600 pips. You then could make more money but still stay in range. I would be very careful with the GBP/CHF, GBP/JPY and the EUR/JPY. In fact dont trade them with the higher figures or keep them at the lower figures. Here are the figures for a 5-600 range EA first level is the top number.

Those of you who have an account where .01 is ten cents you could try it with this and see how it works. All you would need to do is change the levels from 5 to 4 and leave it at .01 lots and you would be getting the .10 column. Maybe with this EA set at these figures you might be able to keep it safe. The reentries would be the .10 cent column (green). You could change the stop loss to 600 or 650. (orange)

.01 .02 .03 .04 .05 .10
.03 .06 .09 .12 .15 .30
.09 .18 .27 .36 .45 .90
.27 .54 .81 1.08 1.35 2.70


sb="--TRADE SETTING--";
extern double Lots = 0.02; // We start with this lots number
extern int TakeProfit = 100; // Profit Goal for the latest order opened
extern bool MyMoneyProfitTarget=False;
extern double My_Money_Profit_Target=50;
extern double multiply= 3.0;
extern int MaxTrades= 5; // Maximum number of orders to open
extern int Pips= 125; // Distance in Pips from one order to another
extern int StopLoss = 800; // StopLoss
extern int TrailingStop = 0;// Pips to trail the StopLoss
Ive gone to the original EA in MetaEditor but for some reason I'm not able to change any of the settings !!! is there a lock on it. Ive limited experience, but I have never struck this before can someone help

Thanks

James
  • #1,353
  • Oct 16, 2008 5:40am Oct 16, 2008 5:40am
Quoting El Salon
Ive gone to the original EA in MetaEditor but for some reason I'm not able to change any of the settings !!! is there a lock on it. Ive limited experience, but I have never struck this before can someone help

Thanks

James
There are two files for every EA one you can open and change one you cannot, do the other file. Its the one that looks like a yellow yield sign. That is the one you can change.
  • #1,354
  • Edited 6:00am Oct 16, 2008 5:48am | Edited 6:00am
Quoting FrostCall
I feel that in order for me to develop a system to defend against the death trade, I must first be able to define it.

So far, I'm thinking about defining a death trade as:

A major, long term trend, that shifts is the opposite direction than when you entered the trade; that does not have a high probability to retrace within the boundaries of either your chosen time frame or your resources.

Critiques? Suggestions?
Sorry Frost, there is no stopping the death trade. No matter what you do the market will always have a time in which it moves in a way that will take the Price out of range without a retrace. I have seen some currencies move very slow and take five days to go out of range. Not once did they retrace the 100 points to take profit but they will move 70 points a day right out of the EAs range. Its kind of like death by dripping water. The USD/CAD loves doing that one. It doesnt have to happen in one day or hours it can do it by small increments. Then there was the Eur/Aud shocker of last week over 1400 points without a retrace. Nope, you are just going to have to deal with it. Take your lumps and go on. It would be nice if we could never lose but that is a pipe dream. The bigger the range to stop one day death trades the better chance of a slow one sneaking up on you over a period of days. The ones that have killed me go into a session at levels 3-5 and then suddenly a news story sends them to the edge. DO I or Dont I? Will the USA afternoon session bail me out HMMMMMMMMMMMMMM?
  • #1,355
  • Oct 16, 2008 5:54am Oct 16, 2008 5:54am
Quoting nanningbob
There are two files for every EA one you can open and change one you cannot, do the other file. Its the one that looks like a yellow yield sign. That is the one you can change.
Hey Bob, thanks for your reply, strange thing is thats the one I'm trying to change. In fact I opened another EA just to check and was able to change it.

Hmmmmm so nothing you have done. I'll try some more at this end

James

sorted
  • #1,356
  • Oct 16, 2008 8:49am Oct 16, 2008 8:49am
I wanted to share my results for my demos and live accounts. I have been running.

100/40 since Aug $500 , 19 pairs, my history from aug was removed by IBFX. So it starts from sept. I manually closed some death trades in the begining, but most of the time I just let it run.
100/125 $1000 9 pairs. Started This week Monday night est. just letting it run. Yesterday evening was the most drawdown I've seen so far. I think it was around $300. I also have this on my live account. I was at work when Jpy pairs were trending and I got some drawdown so I couldn't do anything about it, I would of probably closed the trades for a loss but I'm glad I didn't. we got a retrace last night and took my profits.
I hope this helps some of you.
Sorry I dont know how to upload the details.I'll figure it out and post if it will help anyone or they want to see them
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 100 125 demo.gif Size: 6 KB
Click to Enlarge Name: 100 40 demo.gif Size: 6 KB
  • #1,357
  • Oct 16, 2008 11:23am Oct 16, 2008 11:23am
Congratulations! which one is the live?

bob, I will keep dreaming! In my eyes, when you close a death trade, you are taking a loss. Heck, you could just use the 800 pip stop loss and that would actually do about the same thing, I'm just trying to find a way to stop it before the 800 pip SL. You are of course correct in that there will ALWAYS be things that we can not anticipate, control, calculate, figure, or plan for.

The market is a wild bull and we are just trying to ride it as long as we can before getting thrown off. I'm just trying to bring some pain killer
  • #1,358
  • Edited 1:20pm Oct 16, 2008 1:17pm | Edited 1:20pm
Quoting FrostCall
Congratulations! which one is the live?

bob, I will keep dreaming! In my eyes, when you close a death trade, you are taking a loss. Heck, you could just use the 800 pip stop loss and that would actually do about the same thing, I'm just trying to find a way to stop it before the 800 pip SL. You are of course correct in that there will ALWAYS be things that we can not anticipate, control, calculate, figure, or plan for.

The market is a wild bull and we are just trying to ride it as long as we can before getting thrown off. I'm just trying to bring some pain killer
Those are both demo,
this one below is live, I hit a few bumps along the way.. but still ahead
Attached Image (click to enlarge)
Click to Enlarge Name: live1.gif Size: 6 KB
  • #1,359
  • Oct 16, 2008 4:55pm Oct 16, 2008 4:55pm
wow! you've doubled your money!

I hope to soon have a joint challenge to see who can turn 1,000 into 100,000 the fastest. Hopefully, we all hit the goal at the same time and help each other out along the way.
  • #1,360
  • Oct 16, 2008 8:40pm Oct 16, 2008 8:40pm
hi gerrigirl,
good to see you make money...
and once again... this EA works...
anyway which EA are you using for the live account? 100/40 or 100/125?

I been running 100/125 on demo this whole week.
I have left it running from monday jap open to tue mid of euro and close it.
Did not run it on wed.
And again from thu jap open and will leave it till fri mid of euro.

It has increase for about 1k since the beginning of the week
Cheers!!!
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