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Forex Trend Catcher EA

  • #361
  • Apr 14, 2009 2:06pm Apr 14, 2009 2:06pm
Quoting vinesh

I still am not able to post my result on this forum.
why?!!!!! it can be helpful
  • #362
  • Apr 14, 2009 5:50pm Apr 14, 2009 5:50pm
Quoting $aly
why?!!!!! it can be helpful
Because I dont know how!!
  • #363
  • Edited 9:10pm Apr 14, 2009 8:25pm | Edited 9:10pm
Yesterday was a difficult ranging market, a true test for a trend based EA. Version 1e of Trend Catcher still managed to pull in 17 pips.

Please note, demo is done on a mini account.

Bernard
Attached File(s)
File Type: doc Statement-090414.doc   44 KB | 277 downloads
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #364
  • Apr 14, 2009 9:23pm Apr 14, 2009 9:23pm
Have been running this EA for the week and I have it on 4 charts EURGDP EURCHF EURCAD EURAUD and AUDJPY. The only chart it has traded on has been AUDJPY as it has been in a consistant downtrend. Even though it has caught the downtrent good (made 1 wrong bad guess which went for a big loss) it only seems to pull a 1-5pip profit. This might have to do with the size of the range with it going to around 50-55pips. the pullin back and hitting the trailing stop. I am going to try lowering the TP to 50 and see what happens. This will put my risk at twice my reward but with the success rate it has had on this pair I will see how it goes.

Have you had any trades on any of the other pairs I mentioned??

I am running this demo on f0r3x.com (remove 0 and 3 because I don't believe i have enought posts to put in brokers) and these are the only major pairs it has access to. I am also going to stick it on a mbt account to get access to more pairs and see how it fares. So far this seems promising.
Designer by day Trader by night.
  • #365
  • Edited 9:58pm Apr 14, 2009 9:29pm | Edited 9:58pm
Quoting mmeador
Have been running this EA for the week and I have it on 4 charts EURGDP EURCHF EURCAD EURAUD and AUDJPY....
mmeador,

You may want to download the latest version, Trend Catcher Ver 1e.

The last two days results have been posted. You may want to look at them.

The new version seeks to overcome the problems faced by previous versions.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #366
  • Apr 14, 2009 10:22pm Apr 14, 2009 10:22pm
Quoting prosper4rex
mmeador,

You may want to download the latest version, Trend Catcher Ver 1e.

The last two days results have been posted. You may want to look at them.

The new version seeks to overcome the problems faced by previous versions.

Bernard

Got it.... currently running on 2 demos forex.com and alpari. Will post back tomorrow evening when I am back to this PC to check results.

Appreciate all the work bernard and others! I hope I can be of some help from here forward with this EA.
Designer by day Trader by night.
  • #367
  • Apr 14, 2009 10:58pm Apr 14, 2009 10:58pm
Are you guys leaving the London and New york to true on the EA, all the time?
My Email For Help: [email protected]
  • #368
  • Apr 14, 2009 11:37pm Apr 14, 2009 11:37pm
Quoting tcmm
Are you guys leaving the London and New york to true on the EA, all the time?
I am. And it catches more trades for me.
  • #369
  • Apr 15, 2009 12:30am Apr 15, 2009 12:30am
Quoting vinesh
I am. And it catches more trades for me.
How many Currencies do you trade on this System?
My Email For Help: [email protected]
  • #370
  • Apr 15, 2009 1:30am Apr 15, 2009 1:30am
Hi,

I am new to this thread, where can i get the latest EA?. Also can it set to semi EA i.e only produce alert when enter and exit and not take trades.

Thanks
  • #371
  • Edited 2:41am Apr 15, 2009 1:40am | Edited 2:41am
I trade 10 pairs. Use IBFX demo. Start trading yesterday 14/4 13.46 GMT
Many small wins, one loose usd/cad profit so fare $41,63.

But only sells, not one buy. I don´t know if something is wrong.

Does anybody have buys?

Regards
Elovv
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  • #372
  • Apr 15, 2009 1:50am Apr 15, 2009 1:50am
I managed to get version 1e. But when I tried to do the strategy test, mt4 crash down. Any one can say how to back test this.
  • #373
  • Apr 15, 2009 3:27am Apr 15, 2009 3:27am
Quoting Elovv
I trade 10 pairs. Use IBFX demo. Start trading yesterday 14/4 13.46 GMT
Many small wins, one loose usd/cad profit so fare $41,63.

But only sells, not one buy. I don´t know if something is wrong.

Does anybody have buys?

Regards
Elovv
i took them too approximately....but results grow up since 1d and it's better now....let's wait and see what happen
  • #374
  • Apr 15, 2009 6:49am Apr 15, 2009 6:49am
Quoting forexmad
I managed to get version 1e. But when I tried to do the strategy test, mt4 crash down. Any one can say how to back test this.
Hi fxmad,

the EA was compiled with the new version of meta4, so anything less than build 220 cannot run the EA. Go get at least build 220 and you'll be fine.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #375
  • Apr 15, 2009 6:53am Apr 15, 2009 6:53am
Hi Vinesh, GMT offset set to 0 right? MM means money management?
  • #376
  • Apr 15, 2009 7:43am Apr 15, 2009 7:43am
Hi Bernard,
Thanks for all your efforts with the EA. I have reviewed your trading data for April 15 and IMHO note a discrepancy with the stop loss on two of the trades.

As follows and assuming a default stop loss of 100 :-

Closed, Entry Price, S/L, S/L Comments
Trade #8653314 Sell EUR/GBP 0.8903 0.9003 OK
Trade #8655894 Sell EUR/USD 1.3265 1.3259 Should be 1.3365
Trade #8676144 Sell EUR/CHF 1.5117 1.5107 Should be 1.5217

The stop loss on the last two trades is taking out the trades prematurely and prevents them from developing. I noticed the same situation on my demo trades with ver 1e. Some pairs were not allowed to run due to the stop loss being on the wrong side of the entry price, hence the low profit. The Buy position trades appear to have the problem as well.

Sell positions on some pairs like the first trade above have the s/l correctly
placed, but for me the EA then gets into trouble by entering a Sell position at the pivot point at the bottom of a down trend. The trend then reverses and eventually hits the stop loss. This wipes out all the small profit gains the EA made. If you could stop the EA from doing this you would have it made.

Refer April 14 16:02 Sell USD/CAD Entered at 1.2072 S/L 1.2172 (OK) T/P 1.1672 and stopped out at 1.2172.

Thanks again, Iolite http://www.forexfactory.com/images/icons/icon14.gif
  • #377
  • Apr 15, 2009 8:27am Apr 15, 2009 8:27am
Quoting Elovv
I trade 10 pairs. Use IBFX demo. Start trading yesterday 14/4 13.46 GMT
Many small wins, one loose usd/cad profit so fare $41,63.

But only sells, not one buy. I don´t know if something is wrong.

Does anybody have buys?

Regards
Elovv
Elovv,

There's nothing wrong. The trades I have are all sell too.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #378
  • Apr 15, 2009 8:28am Apr 15, 2009 8:28am
Quoting southamp
Hi Vinesh, GMT offset set to 0 right? MM means money management?
southamp,

Yes, MM = Money Management.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #379
  • Apr 15, 2009 8:34am Apr 15, 2009 8:34am
Thanks Bernard. Just to confirm that there isnt any trade for the last 2 hours?
  • #380
  • Edited 9:09am Apr 15, 2009 8:39am | Edited 9:09am
Quoting Iolite
Hi Bernard,
Thanks for all your efforts with the EA. I have reviewed your trading data for April 15 and IMHO note a discrepancy with the stop loss on two of the trades.

As follows and assuming a default stop loss of 100 :-

Closed, Entry Price, S/L, S/L Comments
Trade #8653314 Sell EUR/GBP 0.8903 0.9003 OK
Trade #8655894 Sell EUR/USD 1.3265 1.3259 Should be 1.3365
Trade #8676144 Sell EUR/CHF 1.5117 1.5107 Should be 1.5217

The stop loss on the last two trades is taking out the trades prematurely and prevents them from developing. I noticed the...
Iolite,

Thanks for your feedback.

There is no discrepancy with the stop loss.

Every newly created entry has a SL of -100 pips. When price reached 2 X (Minimum SL allowed by broker + spread), initial TS kicks in.

For EURUSD, it is 2 X (3 + 3) = 12 pips. Once, price equals or exceeds 12 pips above/below open price, TS kicks in and move SL from -100 to to (3 + 3) = 6 pips above/below open price.

This happens once only. Subsequent TS is activated every 40 pips above/below last SL.

Similar explanation for EURCHF.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
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