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  • #181
  • Mar 24, 2009 12:16pm Mar 24, 2009 12:16pm
I don't know if we have ever thought about it. I guess it will just happen as it happens. As for backtesting, I personally think it should always be a part of what we are doing here.

We should not spend more then a few weeks testing pairs that arn't producing profits over the last 3 weeks.

My biggest thing that I will start working on is keeping my trades seperate so I can easily see which pair made which trade and then I can start evaluting a pairs reliability of follow it's 3 week back test parameters.

Other than that, maybe Gary has something else to add.

Quoting hsa013
Damon, Gary

What are your plans with this EA w/ regards to time?

I'm thinking about:
- timeframe for testing in general
- timeframe for getting rid of pairs that do not produce results or going negative (how many weeks are we testing underperforming pairs/TF's)
- timeframe for assessment of backtesting and beginning of forward testing
- timeframe for forward testing

Thanks!
hsa
"Keep your eyes on the helpers" - Mr. Rogers
  • #182
  • Mar 24, 2009 1:24pm Mar 24, 2009 1:24pm
I don't know why there is no arrow on the chart and no trade .
Please help me
Thanks
  • #183
  • Mar 24, 2009 3:56pm Mar 24, 2009 3:56pm
Quoting flapper
Don't get me wrong - I am not cynical or negative at all - I just think it's somewhat of a game and we have to keep doing our due dilligence to stay on top of it. I think as this market matures, those of us who believe in EAs are probably heading for an ECN/STP brokerage firm anyway, don't you?
Blackwolf put me on to some of this and I have been reading. REading can get you in trouble!!
We shall see....! Just my 2 cents for now...
Hey mate,

yeah, totally agreed. My theory is that you have about 2-4 months with a profitable EA on any given dealing desk broker. I can't prove this, but I've spent a considerable amount of time reading about it and the word is, that none of the widely/publicly/commercially available EA's are profitable on the long term.
So I think the future is with ECN brokers, however, rumours are that it is not even true. We'll see in 10 years , this market needs to mature, definitely.

TadawulFX seems good, but they are extremely inconsistent on the website. They mention "no slippage", then in the fine print you see "small slippage may occur at the brokers discretion, usually 1-3 pips" and "large or very large slippage may occur at weekends"
or you see something like this: "All positions held at 11pm CET are carried to the next day." What the heck is that? My favourite is: "For this reason, TADAWUL FX services include an analysis of your trading style, helping you to trade smarter in order to develop a sensible long term investment strategy." Khmm. Does that mean that I'm encouraged for long term and scalping is increasingly discouraged by the service?
Although, all the above don't matter if they are correct on a live account. I'll PM you for more details.
  • #184
  • Mar 24, 2009 4:59pm Mar 24, 2009 4:59pm
My vision of a "perfect storm" is to write and park an EA outside of the MT4 platform (i.e. simple = Excel, more complex = custom software app) but using the broker's MT4 platform data feed and then be able to import into MT4 the trade execution orders. Is this even possible? That way the EA is totally off the MT4 platform, can't be seen or probed and can't be messed with via running stops, price spikes, etc. I too am seriously looking at ECN brokers (MB Trading at the moment). They also have Level II data too.

Quoting hsa013
Hey mate,

yeah, totally agreed. My theory is that you have about 2-4 months with a profitable EA on any given dealing desk broker. I can't prove this, but I've spent a considerable amount of time reading about it and the word is, that none of the widely/publicly/commercially available EA's are profitable on the long term.
So I think the future is with ECN brokers, however, rumours are that it is not even true. We'll see in 10 years , this market needs to mature, definitely.

TadawulFX seems good, but they are extremely inconsistent on the website....
- Bowen (a.k.a. Wolf)
  • #185
  • Mar 24, 2009 5:24pm Mar 24, 2009 5:24pm
Hey hsa -

I think this is my point. To blame an EA for not continuing to work on the brokers is I think a cop out. There are thousands and thousands of different EA's adn there is no way that a broker could be making all of them lose.

The way I see it is that the market is as living as you or I. It is ever changeing and evolving. An EA must also ever change and evolve as well to stay in tune with the market.

Thus the weekly optimizations. It is not to trick the brokers it is to true to make our EA as life like as the market itself.

Quoting hsa013
Hey mate,

yeah, totally agreed. My theory is that you have about 2-4 months with a profitable EA on any given dealing desk broker. I can't prove this, but I've spent a considerable amount of time reading about it and the word is, that none of the widely/publicly/commercially available EA's are profitable on the long term.
So I think the future is with ECN brokers, however, rumours are that it is not even true. We'll see in 10 years , this market needs to mature, definitely.

TadawulFX seems good, but they are extremely inconsistent on the website....
"Keep your eyes on the helpers" - Mr. Rogers
  • #186
  • Mar 24, 2009 7:44pm Mar 24, 2009 7:44pm
Results for USD-JPY 3/02/09 - 3/21/09
Time Frame: 30 Minutes
Filter: CSF
All results discarded as insignificant

________

Results for USD-JPY 3/02/09 - 3/21/09
Time Frame: 1 hour
Filter: CSF

FastSlopePeriod: 11
SlowSlopePeriod: 13
Stop Loss: 41
Trailing Stop: 50
Break Even at Profit: 50
Take Profit: 70

Total net profit 156.89
Gross profit 643.84
Gross loss -486.95
Profit factor 1.32
Expected payoff 2.53
Absolute drawdown 57.40
Maximal drawdown 182.66 (1.80%)
Relative drawdown 1.80% (182.66)
Total trades 62


I've also checked this on longer time frame (3 months) and it had 5.6% drawdown and net loss. I guess this pair w/ this filter is a no go.
  • #187
  • Mar 24, 2009 8:19pm Mar 24, 2009 8:19pm
Quoting damonl
Hey hsa -
Thus the weekly optimizations. It is not to trick the brokers it is to true to make our EA as life like as the market itself.
Hmm... let me think... then maybe it's time to utilize some Artificial intelligence programming monsters!
  • #188
  • Mar 24, 2009 8:27pm Mar 24, 2009 8:27pm
Results for USD-JPY 3/02/09 - 3/21/09
Time Frame: 30 Minutes
Filter: SSF

FastSlopePeriod: 1
SlowSlopePeriod: 3
Stop Loss: 37
Trailing Stop: 19
Break Even at Profit: 50
Take Profit: 20

Total net profit 77.29
Gross profit 210.96
Gross loss -133.67
Profit factor 1.58
Expected payoff 2.34
Absolute drawdown 45.05
Maximal drawdown 56.67 (0.56%)
Relative drawdown 0.56% (56.67)
Total trades 33

On long term this went down like mad + drawdown was horrible...
I'm not convinced by this pair.
  • #189
  • Mar 25, 2009 9:39am Mar 25, 2009 9:39am
That's not bad!


Results for USD-JPY 3/02/09 - 3/21/09
Time Frame: 1 Hr
Filter: SSF

FastSlopePeriod: 2
SlowSlopePeriod: 5
Stop Loss: 35
Trailing Stop: 35
Break Even at Profit: 50
Take Profit: 65

Total net profit 115.15
Gross profit 147.64
Gross loss -32.49
Profit factor 4.54
Expected payoff 14.39
Absolute drawdown 35.84
Maximal drawdown 44.33 (0.44%)
Relative drawdown 0.44% (44.33)
Total trades 8
  • #190
  • Mar 25, 2009 10:00am Mar 25, 2009 10:00am
Have you heard about GallantFx?
They have a few interesting features:
- straight through processing
- floating spreads
http://gallantfx.com/rates.html
- free hosting for MT4 platform, with the possibility to attach any EA thus eliminating the need to run MT4 on home computer all time (that wouldn't be bad)
http://gallantfx.com/hosting.html

I dropped them a few lines enquiring ECN connection, floating spreads, support for all EA on long term, slippage, commissions, guaranteed fills etc.
Will get back to you if they reply.

Unfortunately there isn't too much coverage on them in reviews, so I can't say they are super-duper shiny trustable honest transparent guys...
  • #191
  • Mar 25, 2009 4:46pm Mar 25, 2009 4:46pm
You bring balance to this discussion. Thanks for that input. It would seem to be impossible for the brokers to keep up with all of the changing/evolving EAs and EA settings - there are too many variables. And there is probably no such thing as a static EA - that they can constantly re-probe - it would not be worth their time to get too involved in such efforts... And I don't mean to put too much credence in this - I just found it very interesting reading. I don't want to be playing musical brokers either...

Quoting damonl
Hey hsa -

I think this is my point. To blame an EA for not continuing to work on the brokers is I think a cop out. There are thousands and thousands of different EA's adn there is no way that a broker could be making all of them lose.

The way I see it is that the market is as living as you or I. It is ever changeing and evolving. An EA must also ever change and evolve as well to stay in tune with the market.

Thus the weekly optimizations. It is not to trick the brokers it is to true to make our EA as life like as the market itself.
  • #192
  • Mar 25, 2009 4:50pm Mar 25, 2009 4:50pm
I will run this one. Too bad the BE isn't lower, but we'll see...



Quoting hsa013
That's not bad!


Results for USD-JPY 3/02/09 - 3/21/09
Time Frame: 1 Hr
Filter: SSF

FastSlopePeriod: 2
SlowSlopePeriod: 5
Stop Loss: 35
Trailing Stop: 35
Break Even at Profit: 50
Take Profit: 65

Total net profit 115.15
Gross profit 147.64
Gross loss -32.49
Profit factor 4.54
Expected payoff 14.39
Absolute drawdown 35.84
Maximal drawdown 44.33 (0.44%)
Relative drawdown 0.44% (44.33)
Total trades 8
  • #193
  • Edited 9:46pm Mar 25, 2009 5:07pm | Edited 9:46pm
My experience is limited, but it does seem that brokering through an ECN is the solution. I have the Fapturbo EA. It was reported to be very successful in its early months. I am trading it actively with a major respected broker. Mysteriously, the spreads have increased during the hours the EA trades. The software sets maximum spreads. So there are a miniscule number of entries. Some traders are widening the EA permissible spread, a risky proposition for a scalping system.

As I understand it, brokers make their own market, and trade against their own customers.

So, a suitable ECN makes sense. I have yet to sleuth out which ones.

I just received an email from the FapTurbo folks in which they recommend an ECN. One issue is that the ECN presently requires a $10,000 minimum deposit.

Steve
  • #194
  • Mar 25, 2009 6:17pm Mar 25, 2009 6:17pm
Damon, Gary

Sorry, didn't really want to go very off topic with ECN discussion, although I think it's in our interest to find the best solution.

So I did some investigation tonight, here's the summary (I won't make any more comments on this):

Activtrades:
- Scalping account is through ECN, although quite high spreads (variable)
- Good reputation, low min a/c opening.
- FSA regulated (UK)

Broco:
- Broco Investor platform is connected to Currenex.
- Good reputation
- Russian company, but licensed by the Financial Services Commission of Mauritius

MBTrading:
- currently sorting out ECN connection w/ MT4, hopefully beta testing is over in a couple of weeks/months.
- Good reputation
- Very low variable spreads, commissions
- NFA regulated (US)

ATC Brokers:
- True ECN connection through FXCM
- Good reputation
- commissions
- High min a/c opening $5,000.
- NFA regulated (US)

FXCBS:
- true ECN connection
- scalpers welcome.
- ECN is only on Professional a/c, min $10,000 to open!
- No reputation (couldn't really find anything on them)
- Couldn't see proof for any regulating bodies

GallantFX
- not ECN, but STP (straight through processing, claiming no Dealing Desk)
- no commissions
- variable spreads (quite low)
- free hosting for MT4 (like remote desktop)

Tadawul FX
- not ECN, but STP (STP, claiming non DD)
- no commissions
- fixed spreads (quite low)
- audited by Deloitte & Touche Limited and registered in Switzerland and Cyprus


hope this helps.

hsa
  • #195
  • Mar 25, 2009 6:30pm Mar 25, 2009 6:30pm
Did you upload the indicator from the furst post to your indicators folder?



Quoting gav
I don't know why there is no arrow on the chart and no trade .
Please help me
Thanks
"Keep your eyes on the helpers" - Mr. Rogers
  • #196
  • Mar 25, 2009 6:44pm Mar 25, 2009 6:44pm
Hey All -

I have done some initial comparisons with ATC Brokers and IBFX, where I have had my live account for years, and things look almost identical to me, though going down to the 1M which I did not do would surely tell the story.

One thing to note is that thorugh ACT Brokers, I watched EurUSD be pretty inconsistent with their spreads. ECN does not mean that the spreads will not very. Even IBFX says that they have to fluctuate there spreads because their spreads are fluctuating from the source.

There has been some good postings as of late and I think so far we have narrowed things down to 3 pairs, GbpUsd, EurUsd and UsdJpy. It is important if this thread is going to go any farther that we keep our results for each pair and each filter seperate when we post. I did not do this this week in the launch of this and everything, but i hope to start doing this in the future.

With that said, I am laid off at the moment and will be leaving tomorrow on a road trip. I am not sure how many of you will be here when I get back, but I hope you all are and that you upload your results this weekend. I will be visiting family and have no set date of return, but will be next week some tme.

Then when I get back we can see who is left and start getting into this a bit. This process takes a lot of time and I am glad to have you all helping. If all goes well, we will have a nice EA.

So, with that said, have a great day. a great weekend and I will stop in when I get home.

Damon
"Keep your eyes on the helpers" - Mr. Rogers
  • #197
  • Mar 25, 2009 7:35pm Mar 25, 2009 7:35pm
Damon: I think you are doing a great job coordinating the effort to test the Slope Ea. Have a good trip. I'll look forward to your return.

Steve
  • #198
  • Mar 25, 2009 8:07pm Mar 25, 2009 8:07pm
Quoting flapper
I will run this one. Too bad the BE isn't lower, but we'll see...
you can probably set the BE lower, this was the first in the results, but it gave me the same results for 40 or even 35 if I'm not mistaken. I just wanted to be consistent, putting first ranking results everywhere.

But, you know the best values for the others so it takes about 10 seconds to run a test. Try 30 and 40!
  • #199
  • Mar 25, 2009 10:01pm Mar 25, 2009 10:01pm
Hope you have a great trip Damon! Enjoy it!

Thanks for all your work here...
  • #200
  • Mar 26, 2009 1:50am Mar 26, 2009 1:50am
Quoting damonl
Did you upload the indicator from the furst post to your indicators folder?
yes I did , but I can't see the arrow and no trade was done.
What can I do?
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