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Forex Trend Catcher EA

  • #181
  • Edited 8:33pm Mar 24, 2009 7:35pm | Edited 8:33pm
i think 400 TP will get hit very rarely. Having TS 50 pips with 400 TP is like having 400 pips run without 50 pips retract, it's very rare nowadays unless there is news to push it. IMO, 250 TP is more easy to hit since 250 pips run without 50 pips retract is possible for low high/low pairs like EURUSD. TP 400 TS 50 might be good for high high/low pairs like GBPJPY
  • #182
  • Mar 24, 2009 11:39pm Mar 24, 2009 11:39pm
Quoting prosper4rex
Gajowy,

Thanks for the upload.

As in all trading, do expect some trades to go against you. Don't take this EA as the holy grail - there's none.

Bernard
Hi prosper4rex -

As for this loss ...I did not want to so I came with complains. I know it's not holy grail, and I am able to accept such a loss. Only I wonder whether I have something wrong in the settings (which are, however, the standard) Compared with the results of example Mr Benn, I have only one open position during the day.
Mayby too many pairs ? Maybe I have a small account? ?

I'm using Google Translator.
  • #183
  • Mar 25, 2009 12:21am Mar 25, 2009 12:21am
Hi Gajowy,

Just out of interest, I set up Bernards EA on my small demo account, which at the time, was about 690 bucks, so not a big account.
I attached the EA to all of the pairs that were listed on the first page of this thread, something like 22 pairs or so.
All settings were kept at default apart from GMT setting which is different for almost everybody.
Then just left it alone. I appreciate the fact that it doesn't close weekend trades at the moment but I realise that this is being fixed.
I have been overly impressed with the results, but, I am a realist and I know that losses will happen and do expect them.
What I would like to do, is carry on trading manually and have Trend Catcher just running in the background on auto pilot grabbing a few pips here and there.
I expect to continue this week with the EA on demo test and switch it to live trading quite soon.

Cheers,

Benn
  • #184
  • Edited 3:33am Mar 25, 2009 3:20am | Edited 3:33am
The EA seems to buy at top sell at bottom. Most of the trade. it tend to open sell at support and buy at resistance and the trade got bounds off the S&R to negative pips. It's seems promising becoz if this continue, we just have to reverse all the trade given by the EA. However, if there is heavy trending market, i believe this EA will make money quite easily without having to reverse the trades. I think this EA would be even better if it's able to reverse the trade if found to be in range. Yesterday and today, all trade open so far didn't make money becoz it seems to be ranging. If all the trades was reverse for yesterday and today, it will make some good money.

Maybe, the EA could include daily S&R and only buy/sell if S&R is broken.
  • #185
  • Mar 25, 2009 4:14am Mar 25, 2009 4:14am
If we got DC or mt4 got close off, will the EA be able to handle the previously opened trade once back online again ?
  • #186
  • Mar 25, 2009 8:02am Mar 25, 2009 8:02am
hi Bernard, thanks. I compared my settings with Belka and its the same. However, i could not reset the GST Offset to 0. Approached my broker (IBFX) and was told this must be done by the EA adviser (U). Pls help, thanks.
  • #187
  • Mar 25, 2009 10:22am Mar 25, 2009 10:22am
Quoting forexisfx
The EA seems to buy at top sell at bottom. Most of the trade. it tend to open sell at support and buy at resistance and the trade got bounds off the S&R to negative pips. It's seems promising becoz if this continue, we just have to reverse all the trade given by the EA. However, if there is heavy trending market, i believe this EA will make money quite easily without having to reverse the trades. I think this EA would be even better if it's able to reverse the trade if found to be in range. Yesterday and today, all trade open so far didn't make...
Prosper,
I tend to agree with this message. The solution may be if you can tweak it to enter trade earlier than it does now(loosen the criteria just a little bit) and adjust TS to move forward 10 pips every 25-30 pips rather than 50 pips. What do you think?
Yesterday night I had 4 trades out of which I got 1 pip profit on two and full loss on the other two.
Think over it. It is just a suggestion.
Moreover I'm glad that some user are getting more winning trades than losing ones. I am one of the other group. My trades do go into profit but ends in losses.Mostly it happens in JPY and EUR crosses which do not move as slow as main pairs.

Vinesh
  • #188
  • Mar 25, 2009 1:05pm Mar 25, 2009 1:05pm
These are ma results on 2 day of testing this EA
( During the test it runs on 6 pairs.
EUR/USD, EUR/JPY, GBP/USD, USD/JPY, USD/CHF, EUR/CHF)

25-03-09 - 5 trades closed - time for all trades GMT+2

http://clip2net.com/clip/m14275/1238...9-000-41kb.jpg

3 still running

http://clip2net.com/clip/m14275/1238...9-003-27kb.jpg

Trade A - we have to expect some trades to go against us- OK no problem
Trade B - something went wrong - trade was above 50 pips and has not had Trailing Stop - my settings and that trade on screen below
Attached Image (click to enlarge)
Click to Enlarge Name: Image-25-03-09-002.jpg Size: 176 KB
I'm using Google Translator.
  • #189
  • Mar 25, 2009 5:30pm Mar 25, 2009 5:30pm
Quoting Mr Benn
Bernard,

Attached are yesterdays results for Trend Catcher. Numbers aren't so 'rosy' but at least it did better than my manual trading did yesterday!

By the way, when do you think the new version will be available for testing?

Thanks for your work.

Cheers!

Benn
Benn,

Last two days trading has been a little challenging. Thank you for posting your results.

I'm doing a final testing on Friday, with Friday's conditions in place. If, all testing goes through smoothly, will upload it over weekend or next week.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #190
  • Mar 25, 2009 5:32pm Mar 25, 2009 5:32pm
Quoting forexisfx
i think 400 TP will get hit very rarely. Having TS 50 pips with 400 TP is like having 400 pips run without 50 pips retract, it's very rare nowadays unless there is news to push it. IMO, 250 TP is more easy to hit since 250 pips run without 50 pips retract is possible for low high/low pairs like EURUSD. TP 400 TS 50 might be good for high high/low pairs like GBPJPY
You can update the parameters to suit your trading style.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #191
  • Mar 25, 2009 5:33pm Mar 25, 2009 5:33pm
Quoting forexisfx
If we got DC or mt4 got close off, will the EA be able to handle the previously opened trade once back online again ?
Yes, it will be able to handle.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #192
  • Mar 25, 2009 5:35pm Mar 25, 2009 5:35pm
Quoting vinesh
Prosper,
I tend to agree with this message. The solution may be if you can tweak it to enter trade earlier than it does now(loosen the criteria just a little bit) and adjust TS to move forward 10 pips every 25-30 pips rather than 50 pips. What do you think?
Yesterday night I had 4 trades out of which I got 1 pip profit on two and full loss on the other two.
Think over it. It is just a suggestion.
Moreover I'm glad that some user are getting more winning trades than losing ones. I am one of the other group. My trades do go into profit but ends in...
I may have to adjust the TS. Will look deeper into that.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #193
  • Mar 25, 2009 5:36pm Mar 25, 2009 5:36pm
Quoting Gajowy
These are ma results on 2 day of testing this EA
( During the test it runs on 6 pairs.
EUR/USD, EUR/JPY, GBP/USD, USD/JPY, USD/CHF, EUR/CHF)

25-03-09 - 5 trades closed - time for all trades GMT+2

http://clip2net.com/clip/m14275/1238...9-000-41kb.jpg

3 still running

http://clip2net.com/clip/m14275/1238...9-003-27kb.jpg

Trade A - we have to expect some trades to go against us- OK no problem
Trade B - something went wrong - trade was above 50 pips and has not had Trailing Stop - my...
Will look into that.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #194
  • Mar 25, 2009 5:39pm Mar 25, 2009 5:39pm
Quoting southamp
hi Bernard, thanks. I compared my settings with Belka and its the same. However, i could not reset the GST Offset to 0. Approached my broker (IBFX) and was told this must be done by the EA adviser (U). Pls help, thanks.
Double click on GSTOffset field and you should be able to update.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #195
  • Mar 26, 2009 1:32am Mar 26, 2009 1:32am
Quoting Gajowy
These are ma results on 2 day of testing this EA
( During the test it runs on 6 pairs.
EUR/USD, EUR/JPY, GBP/USD, USD/JPY, USD/CHF, EUR/CHF)

25-03-09 - 5 trades closed - time for all trades GMT+2

http://clip2net.com/clip/m14275/1238...9-000-41kb.jpg

3 still running

http://clip2net.com/clip/m14275/1238...9-003-27kb.jpg

Trade A - we have to expect some trades to go against us- OK no problem
Trade B - something went wrong - trade was above 50 pips and has not had Trailing Stop - my...
Gajowy,

I have reviewed through my codes, but can't find anything wrong there.

My trailing stop is performing normally on my own trades.

This is what I think may have happend in your case. When it reaches +50 pips, EA kicked in the moving of stoploss function. It sends this request to your broker's server to update with new SL. Broker's server may be busy (it happens during news time mostly where there are usually heavy transactions at the server's end), and it sends back "server busy" signal. This will be recorded in the journal. The result is, server cannot process your signal, and no updating of SL took place.

In the next tick, the EA checks through , but by now the +50 pips may have fallen below 50, thus no stoploss function will be activated by the EA. This fast drop of pips within a short time happens when there are major news event taking place.

In the next version, I will adjust the SL to be tighter and raise entry level higher to avoid those ranging waves as far as it is possible.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #196
  • Mar 26, 2009 3:37am Mar 26, 2009 3:37am
Hi Prosper4rex,

Have traded 2 pairs with standard settings, gbpusd (with TP400, SL 100, TS 50)and eurusd (with TP100, SL 100, TS 50) not that these settings affected the overall results.

Does take a while to "tune-in" to the trend,

Eurusd opened short trade 25/3 @08h03 GMT (wrong time, as it happened) and closed with 100SL @13h56

Gbpusd opened 2 x trades - see attachment
1 - short 25/3 @ 09h00 GMT 1.4626, closed with TS 40pip profit at 1.4586
2 - short 25/3 @ 17h01 GMT 1.4540, closed 26/3 08h59 SL 100 at 1.4640.

I think that in the absence of a logic change to correct the entry point, it would be safer to give the EA more breathing space, and change the SL to say 200pips, but this may lock in larger losses.

Need to do extended testing with simulation tester to measure these alternatives.

Best trading wishes to all.........
Andy
Attached Image
  • #197
  • Mar 26, 2009 3:45am Mar 26, 2009 3:45am
Appear to be having similar problem with SL or Broker.
Any chance you can build in order insistence procedures,
to prevent terminal refusals?
See this thread to understand more what goes on...if you haven't already.
http://www.forexfactory.com/showthread.php?t=70582

Attached is about 1 week demo IBFX
Attached File(s)
File Type: doc DetailedStatementFXTC26.3.doc   70 KB | 442 downloads
We all see the same dream, just from different viewpoints
  • #198
  • Mar 26, 2009 10:15am Mar 26, 2009 10:15am
Quoting AndyM-pips
Hi Prosper4rex,

Have traded 2 pairs with standard settings, gbpusd (with TP400, SL 100, TS 50)and eurusd (with TP100, SL 100, TS 50) not that these settings affected the overall results.

Does take a while to "tune-in" to the trend,

Eurusd opened short trade 25/3 @08h03 GMT (wrong time, as it happened) and closed with 100SL @13h56

Gbpusd opened 2 x trades - see attachment
1 - short 25/3 @ 09h00 GMT 1.4626, closed with TS 40pip profit at 1.4586
2 - short 25/3 @ 17h01 GMT 1.4540, closed 26/3 08h59 SL 100 at 1.4640.

I think that in the absence...
Andy,

Thanks for the upload. The EA needs some re-work to avoid a repeat of last two days unfavourable results. It works well in a trend as what happened last week.

After a review through of the last two days performance results, a few things I will need to enhance.

1. SL to be tighter at 40pips instead of 50pips. Gets the open position quicker into safe territory with assurance of minimum 10 pips profit.
2. Entry level to be revised to avoid ranging markets.
3. No trading the first 2 hours during New York open, possibly London too. Major losses results from New York open, during news announcement.
4. Additional exit criteria - open positions have 1 hour to get SL going or else it will exit at the first opportunity with minimum profit.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #199
  • Edited 10:41am Mar 26, 2009 10:21am | Edited 10:41am
Quoting Ironbark
Appear to be having similar problem with SL or Broker.
Any chance you can build in order insistence procedures,
to prevent terminal refusals?
See this thread to understand more what goes on...if you haven't already.
http://www.forexfactory.com/showthread.php?t=70582

Attached is about 1 week demo IBFX
Ironbark,

Your trading platform is fully dependant on broker's server. If, broker's server will not accept EA's request, there's pretty much no one can do anything about.

There are two choices to trade - go manual or use an EA. If you use EA, you are tied down to the metatrader platform. Manual trading is hard work.

I do understand what some brokers are up to.

Thanks for your attached results. I will be adding a few touches in the EA to enhance performance based on the results.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #200
  • Mar 26, 2009 10:43am Mar 26, 2009 10:43am
Quoting prosper4rex
Andy,

Thanks for the upload. The EA needs some re-work to avoid a repeat of last two days unfavourable results. It works well in a trend as what happened last week.

After a review through of the last two days performance results, a few things I will need to enhance.

1. SL to be tighter at 40pips instead of 50pips. Gets the open position quicker into safe territory with assurance of minimum 10 pips profit.
2. Entry level to be revised to avoid ranging markets.
3. No trading the first 2 hours during New York open, possibly London too. Major...
Prosper,
The changes you suggest are very good but can you keep the option open for us to decide if we want to trade 2 hrs of NY open as well as London too?

Vinesh
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