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  • #21
  • Dec 23, 2008 5:47am Dec 23, 2008 5:47am
Quoting EAprogrammer
If you have such a nice income source from forex, you must don't mind showing us your live account transaction to prove your EA works.

Do you?

If you can show us the live account statements, I am sure a lot of experienced trader will fulfill your ambitiousness.
I do not want to involved with endless unproductive discussion.

And things become personal,

You are welcome to write anything on here for others and make sure it is productive for other readers apart from being too personal.

You are welcome to discuss the example on risk to reward ratio I have mentioned above!!!

As an experienced coder, you can give a better view to others readers!!!
  • #22
  • Dec 23, 2008 7:37am Dec 23, 2008 7:37am
Can somebody explain to me what the point of this thread is?
Is it a bitching contest or just a place to show off backtesting results like
auto did? What did you expect this thread to be auto? I hope you're not trying to sell something behind your back otherwise you'll be banned faster than you can say "Expert Advisor".
  • #23
  • Dec 23, 2008 7:41am Dec 23, 2008 7:41am
My view is to advise trader here not to give your valuable system away if you just want to automate it.

By looking at your other posts:
http://www.forexfactory.com/showthre...71#post2252671
http://www.forexfactory.com/showthre...62#post2272262

As an experience coder, with source code avaliable, and your ambitious should drive you to understand the code, not asking those questions and expecting others to answer.

We(coder) should try to understand the system and contribute, with your coding experience claimed, those question shouldn't even asked, figure it out yourself.

This endless discussion is now not worth it after all.

My last 2 cents.
If everyone believes it, it will work.
  • #24
  • Dec 23, 2008 8:56am Dec 23, 2008 8:56am
Quoting EAprogrammer
My view is to advise trader here not to give your valuable system away if you just want to automate it.

By looking at your other posts:
http://www.forexfactory.com/showthre...71#post2252671
http://www.forexfactory.com/showthre...62#post2272262

As an experience coder, with source code avaliable, and your ambitious should drive you to understand the code, not asking those questions and expecting others to answer.

We(coder) should try to understand the system and contribute, with your coding experience...

Sorry You have missed a lot in that forum!!!!

How could you solve the problem without source code?

I have asked naning bob (the moderator of the fourm) the source code cause he only put .ex4 file and my platform generate a lot of errors.



You should check this out too in the same forum which I solved the problem on order sending error and helping others who is having the same problem as me!!

http://www.forexfactory.com/showthread.php?p=2175016


You can think once more before criticized others.

Anyway , I do not have to answer any of your reply at all.

Because it is too personal, unproductive , no resprective.

I do not believe youself called youself experience coder.!!!!
  • #25
  • Dec 23, 2008 9:47am Dec 23, 2008 9:47am
Real Apology for the unpleasant conversation for every one reading this thread as a person open the thread!!

As this thread have been spoiled by some people with lack of respect and childish attitude.

I will close this thread soon.

--------------------Please no more post please------------------------


To thanks for forum users visited here , I will left some gift for you.

This is my own version of multi time - Fractal based ZigZag.
But this is fast drawing one. Not like the one in Mql forum , this does not wait until zero bar finishes but it rather define fractals with current price at zero bar. (code iteself is very simple and light)

As name indicates , you can see the zig zag of 60 minutes charts in 1 minuts bar.

Just change the time frame variables to see zig zag in different time frame!!!
(for example , TimeFrame =240 for 4 hour chart)

the vertial red line indicates the starting time and ending time of the Bar your are looking at.
For example the gap between two red line indicates 1 hours if you set TimeFrame as 60.)

To get rid of red line , just BarStartLine =false;

Probably good education materials and to see how much you can push with MT4 (stick the indicator to M1 charts)

enjoy

Thansk

http://forum.mql4.com/c/forum/2008/12/FractalZZ.jpg
Attached File(s)
File Type: mq4 Fractal_ZZD5.5.mq4   6 KB | 469 downloads
  • #26
  • Dec 23, 2008 10:30am Dec 23, 2008 10:30am
Auto,

I may be younger than you are, but that does not guarantee that you are a lot smarter than I am. To quote from Les Miserables:

Quote
Goliath was a bruiser who was as tall as the sky.
But David threw a right, and gave him one in the eye.
I never read the Bible but I know that it's true.
It only goes to show what little people can do.
That being said, learn to quote me properly Auto. I said Risk:Reward is 1:5 - 1:10. Do you know what that means? Is means that a winning trade gets me 5 - 10, and a losing trade only loses me 1. You keep accusing me of using the opposite.

Also, your comment on how Risk:Reward is the end-all. That's not true. When I go around looking at a new system posted on ForexFactory, I measure it's "success rating". Allow me to explain. The success rating is the Reward / Risk * Probability of a win * 100. The 97 billion dollar EA has a Risk:Reward of 1:5, and a probability of 57%.

So:

5 / 1 * 0.57 * 100 = 285. That EA has a success score of 285.

The 189 billion dollar EA has a Risk:Reward of 1:10, and a probability of 61%

So:

10 / 1 * 0.61 * 100 = 610. This EA has a success score of 610.


Let's take any of your EA examples with Risk : Reward of 1:1.

1 / 1 * x * 100 = ?

0 <= x <= 100 thus, 0 <= ? <= 100

No system with a Risk:Reward of 1:1 will ever get a score higher than 100.

As for your comment regarding charity, I ask you to look around this forum. I have released somewhere in the neighborhood of 100+ EAs complete with source code. Publically. You have coded for free, that's commendable. But--judging by your comments--you have done so privately. What then, makes you think you've contributed more? I have helped and affected far more people than you have. Maybe not one on one, I agree, but my support, coding abilities, and advice have been felt by more people than your efforts.





You want a challenge Auto?

I'll be your trader.

Here:
http://www.forexfactory.com/showthread.php?t=107119
http://www.forexfactory.com/showthread.php?t=112522
http://www.forexfactory.com/showthread.php?t=110309

I will help explain the system to you and answer as many questions as I can regarding the required specs.

However, I have one requirement:
The resulting EA/indicators/scripts will be posted for free on this forum.


That way, instead of only the two of us benefiting, the whole forum can benefit. Isn't that more charitable? Surely you are smart enough to recognize that.
  • #27
  • Dec 23, 2008 3:36pm Dec 23, 2008 3:36pm
Quoting Ronald Raygun
Auto,

I may be younger than you are, but that does not guarantee that you are a lot smarter than I am. To quote from Les Miserables:

That being said, learn to quote me properly Auto. I said Risk:Reward is 1:5 - 1:10. Do you know what that means? Is means that a winning trade gets me 5 - 10, and a losing trade only loses me 1. You keep accusing me of using the opposite.

Also, your comment on how Risk:Reward is the end-all. That's not true. When I go around looking at a new system posted on ForexFactory, I measure it's "success rating"....
What is this math for?

"10 / 1 * 0.61 * 100 = 610. This EA has a success score of 610" ?

I do not get it.

So say if a EA has risk to reward ratio 100/1 with 61 % winning ratio

the succuss score = 6100

According to your math, more riskier EA is better cause higher success score?

Are you some kind of part time comedian? or what ?


I don't think I am smart enough to laugh at your silly math joke.

Anyway, thanks for bring the forum to my attentions.

I have looked at in brief!!!

One point , it is true with basket of currency , you can measure trend more reliably.

But Turning into EA is little bit difficult, cause your EA will run exceptionaly slowly on back tester.

In fact , I have some similar indicators ( in terms of using all currency)measuring relative strength of each currency and detecting or filter trends.

But I have to give up cause I could not measure the outcome of EA at all.

For this kind of EA , you need to test live demo accounts but of course exceptionally slow progression.

Anyway , thanks for your suggestion.
  • #28
  • Dec 23, 2008 4:29pm Dec 23, 2008 4:29pm
Yawn. As an experienced and profitable trader I just must ask... why would I need you (hypothetically, not requesting a sales pitch)? Why can't I just hire a coder (assuming I couldn't code it myself), have them sign a non-compete and a non-disclosure agreement, and have the program made?

There are plenty of ppl in my own state, ppl I know and run into on other forums, that could do the work and be in the same jurisdiction as myself.

I mean seriously, wtf is in it for ppl like me? Don't give me the "helping others" BS, or the "charity" nonsense. This is a business, it's to make money, it's not the Salvation Army. It's a for-profit and "the biggest bank wins" game. You think anyone has become profitable because they had their hand out?

What I'm saying here... this whole dang request smacks of desperation. It's a "PLEASE GIVE ME A PROFITABLE SYSTEM!" type request, whether or not that's as intended. Nobody trusts backtests for squat, because they don't mean squat. Backtests are history... they're the past, we don't trade in the past. Yea, sure, they can be marginally useful for finding an edge, but by themselves they sure don't prove one.

I might be way off base on all this, who knows, but for the love of God... Do your own dang research. Find your own dang system. Bartering isn't good enough, it'll never work until you find it yourself.
  • #29
  • Dec 23, 2008 5:05pm Dec 23, 2008 5:05pm
Quoting Rabid
Yawn. As an experienced and profitable trader I just must ask... why would I need you (hypothetically, not requesting a sales pitch)? Why can't I just hire a coder (assuming I couldn't code it myself), have them sign a non-compete and a non-disclosure agreement, and have the program made?

There are plenty of ppl in my own state, ppl I know and run into on other forums, that could do the work and be in the same jurisdiction as myself.

I mean seriously, wtf is in it for ppl like me? Don't give me the "helping others" BS, or the "charity"...
sorry , I have already put post above not to leave any more post!!!!!

I do not have any problem of finding clients or not !!!!!!

Even Never is fine. It would not affect me at all any way!!!

I am doing it for fun and I have plenty of time and doing it as my hobby.

People like you always judge things with money. They never understand it!!!!

Anyway no more post please!!!!!
  • #30
  • Dec 23, 2008 5:29pm Dec 23, 2008 5:29pm
Quoting auto9817
What is this math for?

"10 / 1 * 0.61 * 100 = 610. This EA has a success score of 610" ?

I do not get it.

So say if a EA has risk to reward ratio 100/1 with 61 % winning ratio

the succuss score = 6100

According to your math, more riskier EA is better cause higher success score?
You got the math wrong. The formula is:

Reward / Risk * win percentage * 100 = Success score.

You did

Risk / Reward * win percentage * 100 = Success score.

Here, let me put it in MQL:

Inserted Code
double SuccessScore(int Risk, int Reward, double WinRate) {

double Score = Reward / Risk * WinRate * 100;

return(score);
}
My risk reward is not 100(risk) / 1(reward), it's 1(risk) / 100(reward). You keep thinking that my risk reward ratios are below 1. Tell me, are you sure you can do simple arithmetic?

Your example would yield a success score of:

1 / 100 * 0.61 * 100 = 0.61.

Way to get the math wrong buddy =D


As for the basket trading proposition I had, I am quite serious. Do you mean to tell me you're backing away from a challenge? I'm talking about a specific phenomenon called "pair jumping". It's something I and many other coders on this forum have been having trouble with.
  • #31
  • Dec 23, 2008 5:49pm Dec 23, 2008 5:49pm
Quote
Anyway no more post please!!!!!

Wow, touched a nerve eh. Very emotional here.

Quote
People like you always judge things with money. They never understand it!!!!

LOL, because you know me so well? Laff. But in the case of trading, ya, I do judge it by money. Why? Because that's why it's there. I've had enough hobbies to know... if you aren't making money at it then it's just a hobby.

Quote
As for the basket trading proposition I had, I am quite serious. Do you mean to tell me you're backing away from a challenge? I'm talking about a specific phenomenon called "pair jumping". It's something I and many other coders on this forum have been having trouble with.

Basket trading seeks to average out the daily mood of each pair. Be careful tho, that in-and-of-itself will not provide a consistent edge. Look into fractal efficiency ratios, useful for determining such moods and can be used to select only the best pairs for a particular strategy. Often times the difference between an edge and random chance is how well you select your targets.

But yea, MT4 doesn't handle multi-pair systems very well.
  • #32
  • Dec 23, 2008 6:14pm Dec 23, 2008 6:14pm
Quoting Ronald Raygun
You got the math wrong. The formula is:

Reward / Risk * win percentage * 100 = Success score.

You did

Risk / Reward * win percentage * 100 = Success score.

Here, let me put it in MQL:

Inserted Code
double SuccessScore(int Risk, int Reward, double WinRate) {
 
double Score = Reward / Risk * WinRate * 100;
 
return(score);
}
My risk reward is not 100(risk) / 1(reward), it's 1(risk) / 100(reward). You keep thinking that my risk reward ratios are below 1. Tell me, are you sure you can do simple arithmetic?

Your example would...
There are a indicator called currency meters. or currency strength meters on somewhere in the net!!

You can use it as just reference probably.

This may be little bit different from the trade 101 concept.

But I think instead of opeing 14 orders and tracking profit level , you can actually compare a reference price (at past, for example two day ago) to the current bar price. (just by differencing them)


So this way you can get rid of all the hasles of tracking profit level from demo accounts and bring them to your real trading mt4 platform.

Making things are a lot simpler.

Then You can implements this to the system for your indicators directly to your real trading platform in the way you wish.

I think that is the way shoud go!!!!

If I was writing code , I will use array to store the referece price and the latest price.

Hope this helpful!!!
  • #33
  • Dec 23, 2008 9:22pm Dec 23, 2008 9:22pm
There are plenty of indicators developed for this system already. I'm trying to make that next step into automating this system.

I'm not sure how much of the thread you read, but anyway:

 

  1. Open the pairs (set the reference date, whatever you choose).
  2. Wait for the pairs to sort themselves into buys and sells.
  3. after you see 7 buys on top and 7 sells on bottom or vice versa, wait for a sell to "jump" that gap up, and a buy to "jump" that gap down.

When a pair 'jumps' that's the signal to take a trade. That's what I'm looking for at the moment.

  • #34
  • Edited 5:05pm Dec 29, 2008 4:40pm | Edited 5:05pm
Hello everybody.

I'm not a programmer so I'm asking for help here. There is an idea in my mind to make trading in MT4 a little bit easier and more graphical.

I was looking for an EA which does this but as I searched the threads I couldn't find any.

I was thinking about an EA which we put on the chat once and then it does the following jobs:

1- Sets ST and TP for every positions immediately when ther trader opens a long or short position through MT4's new order button with a predetermined value in pips which we set in EA's properties box when dropping it on the chart ... we say 50 for SL and 100 for TP.

2- Creates two horizontal solid lines on the chart at the same time when a position is opened: one green line for TP sitting right on the order's Take Profit and a red one for SL which will placed right on position's SL. Every position will have it's own green and red lines for TP and SL. To avoid confusion between lines as of which line belongs to which position in case of multiple open positions simultaneously, the position's ID will be writen on the left side of the screen, right below the line + "TP" in front of the ID number if it is a take profit line (green line) or "SL" if it is a stop loss line (red line).

3- If the trader wants to edit the position's SL or TP, it should be possible for trader to select SL or TP line by double clicking it and then moving it to a new position. Only after releasing the mouse bottun, EA replaces the value of the SL or TP for the position with the new value of those lines. This is to make the task of editing a position's SL and TP value easier, faster and graphically editable right on the chart without needing to edit them numerically inside position's dialog box. If the trader moves the line to a value which is too close to the market's price or tighter than the maximum value which broker has set for that particular pair, then the new value is not set for SL or TP and the line returns to their prior place automatically and immedately after releasing the mouse bottun. It will be useful to warn the trader using an error dialog box after such a case happens explaining that for example the new value for TP of SL was wrong and therefor is not set.

4- If a position is closed by hitting sl or tp or when the trader does it manually, EA should remove the belonging red or green line for that particular position from the chart.

That is it.

I'ld appreciate if someone could write the code of this EA. I think it is a great help for those traders who use MT4 platform.
Discipline + Patience - Fear - Greed = Success
  • #35
  • Last Post: Jan 24, 2009 2:48pm Jan 24, 2009 2:48pm
http://forum.mql4.com/c/forum/2009/01/EquityGrowth.jpg

http://forum.mql4.com/c/forum/2009/01/BackTesting.jpg
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