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Forex Trend Catcher EA

  • #321
  • Apr 8, 2009 11:23am Apr 8, 2009 11:23am
Still running this EA in its present version.

Lots of small profits, it are the few missers that eliminate the overall profit so far.

From a $3K start at the moment at $2679.13

Awaiting the latest version.
  • #322
  • Apr 8, 2009 2:33pm Apr 8, 2009 2:33pm
Quoting Freddyfx
Still running this EA in its present version.

Lots of small profits, it are the few missers that eliminate the overall profit so far.

From a $3K start at the moment at $2679.13

Awaiting the latest version.
Yes, same here the many small profits do not cover the less frequent larger losses....Bottom line, you have to take some risks if you want to make mucho $$...very difficult to pinpoint the absolute most favorable entry point...just my humble opinion.
  • #323
  • Edited 10:26pm Apr 8, 2009 7:56pm | Edited 10:26pm
Hello People,

Version 1d has been uploaded to the beginning of thread, post #1.

1. Timer now has been extended from 15 mins to 1 hr.

2. Initial trailing stop is now set to Minimum Stop Loss Allowed (imposed by broker) + spread.

3. Entry is initiated when a strong trend is in place.

Do provide me your ideas, suggestions, feedback, etc for future improvements to the EA. EA has to keep pace with a changing forex market and evolve over time. This requires new ideas and suggestions.

Your feedback of results is important to gauge the strength and weaknesses thrown up by the EA. With the results, I am able to optimise the set of internal parameters within the EA to maximise it's efficiency.

No EA can remain static over time and expected to produce consistent results. Market condition changes and so must the EA adapt to those changes.



Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #324
  • Apr 9, 2009 2:46am Apr 9, 2009 2:46am
Version 1d-01 has been updated to replace version 1d.

There is a bug in version 1d. This has been rectified in version 1d-01.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #325
  • Apr 9, 2009 9:51am Apr 9, 2009 9:51am
Hi Prosper, thanks and will load. May i know for Common Tab, do i allow "DDL Inputs"? IF yes, do i also check the "Confirm DDL function cells"?
  • #326
  • Apr 9, 2009 11:17am Apr 9, 2009 11:17am
Quoting southamp
Hi Prosper, thanks and will load. May i know for Common Tab, do i allow "DDL Inputs"? IF yes, do i also check the "Confirm DDL function cells"?
Go to your MT4 , click tools, click options, click expert advisors, tick ALL outer boxes, uncheck ALL inner boxes and you're done.

Vinesh
  • #327
  • Apr 9, 2009 11:29am Apr 9, 2009 11:29am
Quoting prosper4rex
Hello People,

I have surfed and learnt quite a fair bit from the different forex forums eversince I started forex trading. It's time I contribute. Here's an EA I wrote to automate my trading experience. I call it the " Forex Trend Catcher EA". As it's name imply, it wil attempt to "catch" trends when it detects a developing trend emerging.

A few things about this EA.

1. It is designed for trading on the 1hr time frame or higher.

2. It will stop initiating new trades at end of each trading week, Friday 15:00 GMT.

3. EndWeekCloseAll...
How can I get when active key?
  • #328
  • Apr 9, 2009 1:13pm Apr 9, 2009 1:13pm
OK, loaded on a brand new demo account, so I don't get confused with the results. The old one is going to be trashed.

Starting again with a $3K, as I am testing on 9 pairs as mentioned in earlier posts.
  • #329
  • Apr 9, 2009 10:30pm Apr 9, 2009 10:30pm
What is the GMT setting for FXDD and Forex.com?

Quoting Mr Benn
Thanks for the new version Bernard, I look forward to testing it next week.

Don't forget guys, GMT time will be moving forward by 1 hour as from Sunday 29th March because of the official start to British Summertime.

Double check your GMT offset settings are correct!

Good luck & cheers,

Benn.
Gary
  • #330
  • Apr 9, 2009 10:34pm Apr 9, 2009 10:34pm
Why do you want to stop trading for NY and London time?
Why does this EA not work well during those times?


Quoting prosper4rex
bexterlone,

If TradeLondonOpen=false, no trading done on that currency pair from 07:00 - 10:00 GMT.

Similarly, for TradeNewYorkOpen=false - no trading between 12:00 - 15:00 GMT.

All other hours, the EA will trade. Do note, EA will stop opening new positions each Friday, 15:00 GMT. This is to allow sufficient time for existing open positions to close in profit before forex market closes for the weekend.

You can set TradeLondonOpen / TradeNewYorkOpen to true, if you desire to trade when either markets open for trading.

Bernard
Gary
  • #331
  • Apr 9, 2009 10:51pm Apr 9, 2009 10:51pm
I noticed there is no magic number. Can I trade more than one pair at a time? if so how does it work?
Gary
  • #332
  • Apr 9, 2009 11:00pm Apr 9, 2009 11:00pm
Quoting prosper4rex
Version 1d-01 has been updated to replace version 1d.

There is a bug in version 1d. This has been rectified in version 1d-01.

Bernard
Hi Bernard
Would the "Bug" have accounted for the losses that started to accumulate, similiar to 1c?
If not I wonder if a extra filter is required, such as Fractals?
I notice a couple of the trades that went wrong were executed at or close to, a swing high or low.
We all see the same dream, just from different viewpoints
  • #333
  • Apr 10, 2009 12:11am Apr 10, 2009 12:11am
Quoting Ironbark
Hi Bernard
Would the "Bug" have accounted for the losses that started to accumulate, similiar to 1c?
If not I wonder if a extra filter is required, such as Fractals?
I notice a couple of the trades that went wrong were executed at or close to, a swing high or low.
There is a parameter not optimised fully. It is allowing non-compliant trades to seep through.

I am now testing out which "ideal" value to set for that parameter. I will need a little more time.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #334
  • Apr 10, 2009 12:13am Apr 10, 2009 12:13am
Quoting bahadoria
How can I get when active key?
Activation key will be issued out later when EA has been tested to satisfaction.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #335
  • Apr 10, 2009 5:00am Apr 10, 2009 5:00am
I am receive

2009.04.10 14:26:59 Forex_Trend_Catcher_Ver1d-01 EURUSD,H1: Unauthorise Copy
  • #336
  • Apr 10, 2009 5:08am Apr 10, 2009 5:08am
Quoting bahadoria
I am receive

2009.04.10 14:26:59 Forex_Trend_Catcher_Ver1d-01 EURUSD,H1: Unauthorise Copy
This message comes about because you are using Trend Catcher on a live account. Live account requires activation key to use. No activation key will be issued at the moment until TC is fully tested and trading successfully.

You should be using it on demo at the present moment.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #337
  • Apr 10, 2009 8:56am Apr 10, 2009 8:56am
Quoting prosper4rex
Activation key will be issued out later when EA has been tested to satisfaction.

Bernard
hi Bernard,,
could you post daily result of 1d version every day ?????
it helps newbie or everyone to follow the thread isn't it?????
cheers,
  • #338
  • Apr 10, 2009 5:19pm Apr 10, 2009 5:19pm
to trade multiple pairs dont you need a magic number?
Gary
  • #339
  • Apr 10, 2009 7:13pm Apr 10, 2009 7:13pm
Hi Bernard,
I love the idea behind Trend Catcher and believe it has good potential, if we can stop the large draw downs.
Take a look at the attached pdf. Note that the large loss of $206.51 was during the London opening. I knew 10 to 15 minutes after the trade started, it was going in the wrong direction and everything within me said close the trade, however, I chose to leave it open and see what happened. Now I know, next time close the trade or don’t trade during the London opening. Same with the $113.86 loss, I chose to leave it open when I should have closed it.
If I had closed both bad trades, it would have been a very good profitable time.
Bernard, keep up the good work.
Peter
Attached File(s)
File Type: pdf TC-DetailedStatement.pdf   141 KB | 438 downloads
  • #340
  • Apr 11, 2009 11:33am Apr 11, 2009 11:33am
Thanks a lot Vinesh
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