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The Pouria EA Development Thread

  • #381
  • Mar 5, 2007 1:34pm Mar 5, 2007 1:34pm
Quoting mikhaildgreat
Yup an exit strategy is missing in this method. Any suggestions?
Here is an idea might make this ea really successful. Forget setting a TP.

When a trade is triggered for a buy, set a trailing stop at the close of the next new bar's low. If the the trade is trending, the trialing stop would be moved up to the next new bar's low, so on and so forth. This would work the same if the trade was short, but the trailing stop would be set at the close of the next new bar's high.

For a trade going long, the initial stop loss could be entered at the low of the bar which caused the trade. The trailing stop would not begin until the new low bar is higher than break even.

If a trade is signaled long and the next closed bar signals a short trade, the position would be reversed going short even if the initial stop loss of the long trade was not hit.

I think this sort of exit strategy would work well with an ea. I feel this approach has a good balance of letting the trade run and locking in pips. Let me know what you guys think.
  • #382
  • Mar 5, 2007 3:28pm Mar 5, 2007 3:28pm
It's a good idea, but I have seen many of my trades that have "just" hit the +15 TP before racing in the opposite direction.

For me the best way would be a combination of conservative EA settings (which it has) and then watching the trade as it goes. If you feel that it will go beyond your EA TP, then either adjust the TP or remove the TP and wait to close it manually.

Right now the EA alone has increased my demo account +15% since 2/16/07. +15% in 17 days?! I'll take that and never look back.
  • #383
  • Mar 5, 2007 4:03pm Mar 5, 2007 4:03pm
Quoting 1Sundevil
It's a good idea, but I have seen many of my trades that have "just" hit the +15 TP before racing in the opposite direction.

For me the best way would be a combination of conservative EA settings (which it has) and then watching the trade as it goes. If you feel that it will go beyond your EA TP, then either adjust the TP or remove the TP and wait to close it manually.

Right now the EA alone has increased my demo account +15% since 2/16/07. +15% in 17 days?! I'll take that and never look back.
What TP and SL settings are you using? Thanks.
  • #384
  • Mar 5, 2007 5:02pm Mar 5, 2007 5:02pm
Quoting stimuls
What TP and SL settings are you using? Thanks.
TP +15
SL -50

Right now the EA is hitting at +83% winners. $50,000 demo account is up $7,647.37. It's certainly not perfect and I want to see how things will change with a small live account soon. But you are right about leaving pips on the table on some trades.
  • #385
  • Mar 5, 2007 5:16pm Mar 5, 2007 5:16pm
Quoting 1Sundevil
TP +15
SL -50

Right now the EA is hitting at +83% winners. $50,000 demo account is up $7,647.37. It's certainly not perfect and I want to see how things will change with a small live account soon. But you are right about leaving pips on the table on some trades.
Risk/Reward ratio is not good but I guess that does not matter if the win rate is high.
  • #386
  • Mar 5, 2007 9:46pm Mar 5, 2007 9:46pm
1sundevil.....

What version are you using? what are your best pairs? Thanks for any info.
Don Life is expensive, but includes a free trip around the sun.
  • #387
  • Mar 5, 2007 11:56pm Mar 5, 2007 11:56pm
Quoting traderone
1sundevil.....

What version are you using? what are your best pairs? Thanks for any info.
beta3 with a MIG demo. My results on Interbank were horrible. I'll do some research to see which are best, but I believe that GBPUSD was doing really well.

The only problem with MIG is that some completed trades seem to disappear from my Account History, although the account balance is correct. Trying to find out why and if it's just a "demo" issue. As far as I can tell I'm currently 54 for 65 (83% winners) and +258 pips. The account is now up 14.8%.
  • #388
  • Mar 6, 2007 1:48am Mar 6, 2007 1:48am
Quoting 1Sundevil
beta3 with a MIG demo. My results on Interbank were horrible. I'll do some research to see which are best, but I believe that GBPUSD was doing really well.

The only problem with MIG is that some completed trades seem to disappear from my Account History, although the account balance is correct. Trying to find out why and if it's just a "demo" issue. As far as I can tell I'm currently 54 for 65 (83% winners) and +258 pips. The account is now up 14.8%.
Why do you thing there is such a discrepancy between the two brokers?
  • #389
  • Mar 6, 2007 9:13am Mar 6, 2007 9:13am
Quoting 1Sundevil
TP +15
SL -50

Right now the EA is hitting at +83% winners. $50,000 demo account is up $7,647.37. It's certainly not perfect and I want to see how things will change with a small live account soon. But you are right about leaving pips on the table on some trades.
Can you please send this EA with your setup ?
Thx
BJ
  • #390
  • Mar 6, 2007 9:16am Mar 6, 2007 9:16am
Quoting 1Sundevil
The account is now up 14.8%.
Hi 1SunDevil:

What kind of risk level or money management techniques are you using? Anything special or default settings?

P.S. Thanks for blazing the trail with tesing this EA.
  • #391
  • Mar 6, 2007 9:32am Mar 6, 2007 9:32am
Quoting brentmack
Hi 1SunDevil:

What kind of risk level or money management techniques are you using? Anything special or default settings?

P.S. Thanks for blazing the trail with tesing this EA.
1: I don't know why there is a discrepency between the two brokers, just that the trades, triggers and results were very different. We, here on this thread, also suspect that "live" trading this EA will differ from demo trading, which I hope to test soon.

2: The beta3 EA should still be listed in either this thread or the other Pouria thread. It would be in the early pages.

3: I'm just using the default setting established in the EA. I did mess up early and lost out on some money by having the gbpusd set lower, which has been rectified since.

I'm going to try and paste the account history here ASAP so you can see what it has done.
  • #392
  • Edited 10:12am Mar 6, 2007 9:54am | Edited 10:12am
Hope this attachment comes through.

From what I'm seeing, my pairs break down like this: (TP = +15 ; SL = -50)

EURUSD 11 for 14 = 78.6% (+15 pips overall)
GBPUSD 14 for 16 = 87.5% (+110 pips)
USDJPY 5 for 6 = 83.3% (+25 pips)
USDCAD 3 for 3 = 100% (+45 pips)
USDCHF 9 for 12 = 75% (-15 pips)
EURJPY 9 for 11 = 81.8% (+35 pips)
Attached File(s)
File Type: doc MIG Investments SA.doc   377 KB | 453 downloads
  • #393
  • Mar 6, 2007 10:32am Mar 6, 2007 10:32am
Thanks 1SunDevil.

I have lost hundreds of pips on IBFX running version 1.1

Maybe I will try Vel oci ty4 x. their demo and live servers are supposed to be the same.
Don Life is expensive, but includes a free trip around the sun.
  • #394
  • Mar 6, 2007 10:49am Mar 6, 2007 10:49am
Hello TraderOne:

I have a Live Account at Velocity4x, their Demo and Live servers are not the SAME, however the results are almost always exactly the Same, (running an EA etc) however the Demo Servers have downtime but this is not frequent, amybe once a week for 1-5 minutes or so.
  • #395
  • Mar 6, 2007 10:56am Mar 6, 2007 10:56am
Good to see another Sundevil here! Here's a pic of ASU women for the non-sundevils out there!

http://i141.photobucket.com/albums/r...asuhotties.jpg
  • #396
  • Mar 7, 2007 9:28am Mar 7, 2007 9:28am
Quoting 1Sundevil
Good to see another Sundevil here! Here's a pic of ASU women for the non-sundevils out there!

http://i141.photobucket.com/albums/r...asuhotties.jpg
It looks like these ladies brought this thread to a screaming halt. Everybody needs to quit gawking at the babes and get back to the Pouria Method.
  • #397
  • Mar 7, 2007 9:55am Mar 7, 2007 9:55am
Quoting 1Sundevil
Good to see another Sundevil here! Here's a pic of ASU women for the non-sundevils out there!

http://i141.photobucket.com/albums/r...asuhotties.jpg
I've been out of this thread for quite awhile working on other projects but those 2 girls just dragged me back in! YUM!

-Mikhail
  • #398
  • Mar 7, 2007 10:06am Mar 7, 2007 10:06am
Quoting 1Sundevil
Good to see another Sundevil here! Here's a pic of ASU women for the non-sundevils out there!

IS THERE ANY NON-SUNDEVIL OUT THERE??? I DON'T THINK SO...NO FROM NOW ON...

HEY BRENTMACK,

When you say " get back to the Pouria Method...what do you mean???

WHAT POURIA METHOD??? WHAT FOREX MARKET???

GO SUNDEVILS!!!!!!!


  • #399
  • Mar 7, 2007 1:32pm Mar 7, 2007 1:32pm
Went 2 for 4 last night. EURUSD screwed me again and is now the biggest loser of the 6 currencies. CAD suffered its first loss, but I thought about closing it out when it was +13....just before it tanked.

GBP and CHF both hit their TP of +15 each. I am also in CAD, JPY and EURJPY trades right now.

Oh, BTW (got to love those ASU girls!):
Attached Image
  • #400
  • Mar 7, 2007 1:48pm Mar 7, 2007 1:48pm
Quoting 1Sundevil
Went 2 for 4 last night. EURUSD screwed me again and is now the biggest loser of the 6 currencies. CAD suffered its first loss, but I thought about closing it out when it was +13....just before it tanked.

GBP and CHF both hit their TP of +15 each. I am also in CAD, JPY and EURJPY trades right now.

Oh, BTW (got to love those ASU girls!):

Hey sundevil...

Wouldn't be a great idea to open a special thread for all of us who are "ASU Sundevil's fans"
I bet it'll get more views than the best system here in FF in a couple of days...what do you think uh?
Now I know I need money out of forex for 2 reasons: 1. move to ARZ and 2nd to fill out a divorce application...

GO SUNDEVILS!!!!
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