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Forex Trend Catcher EA

  • #341
  • Apr 11, 2009 12:34pm Apr 11, 2009 12:34pm
Quoting Peter-FX
Hi Bernard,
I love the idea behind Trend Catcher and believe it has good potential, if we can stop the large draw downs.
[size=3][font=Times New Roman]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...

Nice results.

I am also letting it trade thru all market openings, as otherwise Bernard cannot get any feedback on what is really happening. As it is demo anyhow, no real losses so far if a bad trade comes in between.

Let's see what the coming week will produce.
  • #342
  • Apr 11, 2009 9:39pm Apr 11, 2009 9:39pm
does anyone saw any trade that goes with a profit of more than 100 pips ? I saw some hitting the SL -100 pips but i never see any going more than 100 pips profit.
  • #343
  • Apr 13, 2009 7:38am Apr 13, 2009 7:38am
Quoting Peter-FX
Hi Bernard,
I love the idea behind Trend Catcher and believe it has good potential, if we can stop the large draw downs.
[size=3][font=Times New Roman]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 main idea behind an EA is that you do not have to stick to your monitor and that the software should take on trades at correct times to avoid big drawdowns. Of course all drawdowns cannot be eliminated and sometimes a trade may go in a loss. look at your results. 2 big losses but how many winning trades?
Now consider how to maximise the winnings on the 'winners'. Hence this forum to throw ideas in the 'pool' so that we can come up with something useful to that end. In your account ratio of winners to losers is phenomenal.

Vinesh
  • #344
  • Apr 13, 2009 7:41am Apr 13, 2009 7:41am
Quoting forexisfx
does anyone saw any trade that goes with a profit of more than 100 pips ? I saw some hitting the SL -100 pips but i never see any going more than 100 pips profit.
Yes I have seen full profit on a two trades.
  • #345
  • Apr 13, 2009 7:50am Apr 13, 2009 7:50am
Mine has not initiated a single trade since market open Sunday night. Will need to find out why. The old version was taking trades, so I must have something small wrong.

The older version also made me 2 max profit, so seems we all are close on the same results.
  • #346
  • Apr 13, 2009 8:59am Apr 13, 2009 8:59am
Quoting Freddyfx
Mine has not initiated a single trade since market open Sunday night. Will need to find out why. The old version was taking trades, so I must have something small wrong.

The older version also made me 2 max profit, so seems we all are close on the same results.
hi Mr freddy
do you have any result since last night???????
  • #347
  • Apr 13, 2009 9:14am Apr 13, 2009 9:14am
NO, not a single trade since last night.
  • #348
  • Edited 10:31pm Apr 13, 2009 1:36pm | Edited 10:31pm
I just uploaded the latest version, version 1e.

This version include the following changes,

1. Timer extended to 2 hours.

2. Additional filters to screen out trend signals.

3. Spread Limit set to 5 (default).

The result for today's demo is attached.

Demo was done on a mini account, not the usual standard account. 200+ pips in profit.
Attached File(s)
File Type: doc Statement-090413.doc   61 KB | 295 downloads
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #349
  • Apr 13, 2009 1:38pm Apr 13, 2009 1:38pm
Quoting $aly
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,
$aly,

First day result for version 1e posted.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #350
  • Apr 13, 2009 1:39pm Apr 13, 2009 1:39pm
Quoting Peter-FX
Hi Bernard,
I love the idea behind Trend Catcher and believe it has good potential, if we can stop the large draw downs.
[size=3][font=Times New Roman]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...
Peter,

Thank you for your support. Version 1e has been uploaded.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #351
  • Apr 13, 2009 1:40pm Apr 13, 2009 1:40pm
Quoting Freddyfx
Mine has not initiated a single trade since market open Sunday night. Will need to find out why. The old version was taking trades, so I must have something small wrong.

The older version also made me 2 max profit, so seems we all are close on the same results.
Freddyfx,

New version 1e has been uploaded.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #352
  • Apr 13, 2009 1:50pm Apr 13, 2009 1:50pm
GREAT !!!

It started to become quiet with no trades popping up in this crazy market today.

Will load immediately, THANKS !!
  • #353
  • Apr 13, 2009 2:46pm Apr 13, 2009 2:46pm
I know for this discussion forum it is not, but from my experience this is a scalper EA, I get VERY small trades. It takes profits with 10 and 20 pips almost every time.
Gary
  • #354
  • Apr 13, 2009 9:46pm Apr 13, 2009 9:46pm
Quoting prosper4rex
$aly,

First day result for version 1e posted.

Bernard
tnx Bernard
i 'm very optimistic about this EA
  • #355
  • Apr 13, 2009 10:32pm Apr 13, 2009 10:32pm
Quoting $aly
tnx Bernard
i 'm very optimistic about this EA
$aly,

Thank you for your support.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #356
  • Apr 14, 2009 8:34am Apr 14, 2009 8:34am
Hi Bernard and others

I´m knew to this promosing thread. Have a question about Trading opening times. If I set it = false, I understand that it not take any knew trades under that time, but what about open trades. Does EA close them ore let them run?

Regards
Elovv
  • #357
  • Apr 14, 2009 8:37am Apr 14, 2009 8:37am
Quoting Elovv
Hi Bernard and others

I´m knew to this promosing thread. Have a question about Trading opening times. If I set it = false, I understand that it not take any knew trades under that time, but what about open trades. Does EA close them ore let them run?

Regards
Elovv
Elovv.

For existing open trades, the EA will let them run.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #358
  • Apr 14, 2009 8:45am Apr 14, 2009 8:45am
Hi all,
Loaded 1e last night at 10.30p.m. pacific and went to sleep. Today morning saw 5 trades totalling +47 pips. I have put it on only 5 majors. EUR, GBP, USD/JPY, AUS and EUR/GBP.
The a/c has only $500 as a start. So in toto about +9% profit. Not a single losing trade yet.
I still am not able to post my result on this forum.
This is for information only. All trades stopped out in + territory.

Vinesh

p.s. all settings default except GMT offset and with MM on.
  • #359
  • Apr 14, 2009 10:41am Apr 14, 2009 10:41am
Maybee Should Make Smaller Take Profit So It Will Hit More Offten The take Proffit Then The Trailling Stop Just Qouestion
  • #360
  • Apr 14, 2009 11:50am Apr 14, 2009 11:50am
Quoting joes
Maybee Should Make Smaller Take Profit So It Will Hit More Offten The take Proffit Then The Trailling Stop Just Qouestion
Joe,
You can make TP smaller manually by adjusting the level, but I wouldnt want to miss out on a big move in Trending market. Right now it is Ranging. There is nothing you cannot change in this EA except Source Code. All parameters are changeable to your comfort level.

Vinesh
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