Attachments: Forex Trend Catcher EA

Forex Trend Catcher EA

#81
Mar 19, 2009 11:02pm Mar 19, 2009 11:02pm

paradoxical
| Joined Nov 2007 | Status: Trader | 1,186 Posts

Last two days have been VERY good for anyone trading a trend. Need to know wht happens in normal and/or choppy markets. Might give this EA a try next week.

#82
Mar 19, 2009 11:48pm Mar 19, 2009 11:48pm

forexisfx
| Joined Nov 2008 | Status: Gold Member | 689 Posts

Quoting prosper4rex

Disliked

Hi Pedro,

You must be using it on a live account.

Just e-mail me your account number and I will generate a unique license number from your account number to go with the EA.

Bernard

Ignored

I have a question. Why do we need unique license number for live account ? Is it becoz u are going to sell this EA soon ? Will the unique license number expire ?

Thanks

#83
Mar 20, 2009 12:56am Mar 20, 2009 12:56am

Ezzy
| Joined Oct 2008 | Status: Learning | 1,057 Posts

Lets see if I can upload these right!

1st the nzus, there were 2 positive trades here.

Also the auus, 1 good and 1 bad trade.

3rd, the usch, this one was a big win!

This is all in ver1 which I will continue to demo for the next few weeks to get a good idea of how it performs under different circumstances.

Cheers
Ezzy

Attached Image(s) (click to enlarge)

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What you do is a reflection of you....what I do is a reflection of me.

#84
Mar 20, 2009 1:21am Mar 20, 2009 1:21am

aserbfx
Joined Feb 2009 | Status: kiki soso largyalo | 2,243 Posts

for a 5 digit broker like alpari, do i have to add the "0"? eg take profit 4000.00? and if so, do i have to add it also at "risk", "slippage" and "spread limit"?
thanks

meine augen sind die sterne

#85
Mar 20, 2009 1:35am Mar 20, 2009 1:35am

aicccia
Joined Jun 2006 | Status: Carpe Diem | 854 Posts

Quoting prosper4rex

Disliked

Hi soeasy69,

I have spent hours testing and programming this EA. To be fair to myself, I won't be releasing the source code after all the hard work done. It will just get copied and released under different names.

Bernard

Ignored

lol thats funny. I've got a EA that I've been working on daily for over 3 years now...interestingly it's still just slightly larger than your file.

A few hours ain't nothin.

#86
Mar 20, 2009 1:47am Mar 20, 2009 1:47am

PipBear
| Joined Mar 2009 | Status: Trader | 72 Posts

Thanks for sharing your EA.
I have got it on 12 pairs H1, and in the 48 hours since I started the test I had no trades. Checked everything, smiley face, live trading enabled.
Can you suggest what else I can look at to get the EA working.
Thanking you
PipBear

#87
Mar 20, 2009 2:33am Mar 20, 2009 2:33am

Ezzy
| Joined Oct 2008 | Status: Learning | 1,057 Posts

Quoting aserbfx

Disliked

for a 5 digit broker like alpari, do i have to add the "0"? eg take profit 4000.00? and if so, do i have to add it also at "risk", "slippage" and "spread limit"?
thanks

Ignored

aser, I didn't have to change anything.

What you do is a reflection of you....what I do is a reflection of me.

#88
Mar 20, 2009 3:14am Mar 20, 2009 3:14am

celestin2003
| Joined Sep 2006 | Status: Trader | 51 Posts

EA not working on LIVE account.

Please advise

#89
Mar 20, 2009 3:18am Mar 20, 2009 3:18am

forexisfx
| Joined Nov 2008 | Status: Gold Member | 689 Posts

Quoting celestin2003

Disliked

EA not working on LIVE account.

Please advise

Ignored

Quoting forexisfx

Disliked

I have a question. Why do we need unique license number for live account ? Is it becoz u are going to sell this EA soon ? Will the unique license number expire ?

Thanks

Ignored

Read the thread ?

#90
Mar 20, 2009 3:38am Mar 20, 2009 3:38am

D_Trader
| Joined Jan 2009 | Status: Gunning for the pip$ | 41 Posts

A visual back test on H1 eur/usd reveals a rather eratic stop loss at times? I suspect you are moving the stop to break even?

Even with a trailing stop set to false... it seems to bring the stop to b/e far too early

#91
Edited 4:00am Mar 20, 2009 3:43am | Edited 4:00am

mikkom
Joined Mar 2008 | Status: Still testing and trading | 1,454 Posts

Quoting vinesh

Disliked

Mikkom,
In my experience (albeit it is very limited as I'm a newbie too) the results of backtest and forward testings are dramatically different. No two situations in Forex market is the same. I've seen good profits on backtest and the same EA gives loss 70% of the time when tested in forward.

Ignored

If you don't trust backtests then why would you trust forward tests?

IMHO no strategy is tradeable [for me] if it doesn't last 20 years of backtest. Forward test (with money of course) is just a verification of what the backtests show.

Different results on backtest and forward test usually are because one of the following
- Incorrect backtest (there are lots of errors that can be made for example testing open prices/control points on small sl)
- Curve fitted EA
- And finally, the situation ahs really changed. This shouldn't be an option if you have tested 20 years on all majors as I do but of course there are situations where this might happen

edit: note that I'm not saying that this EA doesn't work, I haven't tested it. It might work very well - all I want to say that it's impossible to get dataset big enough in forward test so you should really backtest for at least 5 years (prefereably 20) to get the actual results on how the ea works in all different conditions.

#92
Mar 20, 2009 4:29am Mar 20, 2009 4:29am

D_Trader
| Joined Jan 2009 | Status: Gunning for the pip$ | 41 Posts

Some currencies won't have data stretching 20 years back, imho you can capture most market conditions in currencies looking at a 5-8 year period...

A basic backtest on this strategy doesn't seem to pull out profit ... but i'm not sure if there is a bug in the ea...prosper4rex ...can you confirm if your strategy is quick to adjust the S/L to break even?

#93
Mar 20, 2009 4:42am Mar 20, 2009 4:42am

mikkom
Joined Mar 2008 | Status: Still testing and trading | 1,454 Posts

Here is a bit longer term test for GBPUSD and EURUSD, ask yourself would you really want to trade this (2004-today). Other currencies give similar results.

This is why it's important to test on longer periods especially before going live.

What I see on tester screen, this seems to be so called averaging EA.

Attached Image(s) (click to enlarge)

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#94
Mar 20, 2009 5:27am Mar 20, 2009 5:27am

prosper4rex
| Joined Mar 2009 | Status: Trader | 235 Posts

Quoting forexisfx

Disliked

I have a question. Why do we need unique license number for live account ? Is it becoz u are going to sell this EA soon ? Will the unique license number expire ?

Thanks

Ignored

This EA is available free to anyone who is interested to use it. I have received many e-mails requesting for license number and I have given them away. I do understand that there will that rare individual who will attempt to sell it on the net. The License Number is there for a reason.

Bernard