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Forex Trend Catcher EA

  • #401
  • Apr 16, 2009 8:31am Apr 16, 2009 8:31am
Quoting Elovv
The EA works but still lose. One more big loose $100 audusd so now from 04.14 13:46 till 04.16 08:15
Account history -$202 trades -$93 so EA have lost more than $300 in less than 48 hour.

2 problem I guess. It take some trades in the end of a trend witch result in big losses. And the small profits.

Regards
Elovv
Elovv,

Pivot points will be included as entry criteria in next version. Thank you for your feedback.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #402
  • Apr 16, 2009 8:34am Apr 16, 2009 8:34am
Quoting Joe Diamond
Version 1e last night also gave me a huge loss ($500) on the Aussie on my FXDD demo.

I've have UseMoneyManagement set to true on a $5000 demo account.

Statement attached.

Joe
Joe,

The flaw in the EA has been noted. Thanks for posting your result.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #403
  • Apr 16, 2009 8:38am Apr 16, 2009 8:38am
Quoting forexisfx
If it give this loss consistently we just have to reverse all trade.
If you have nothing positive to contribute to this thread, refrain from posting your sarcastic remarks. This is not the first time you are doing it.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #404
  • Apr 16, 2009 9:21am Apr 16, 2009 9:21am
Hi Bernard

You do a fantastic work with the EA development! I think with time it will be very succesfull if you still analysis the result from the thread members.
Thank You, its a pleasure to follow this thread.

Elovv
  • #405
  • Apr 16, 2009 11:39am Apr 16, 2009 11:39am
Prosper,

You are doing an excellent job developing your EA. Everyone seems to be fond of it and assisting by providing feedback. Please stay encouraged and not let some dampen your spirit.

I can agree with the results of most users since using version E. Taking pivot points into consideration for your EA may help in entry points - just a thought. The entry points seem to be an area needing improvements.

We thank you for your continued efforts. Keep up the good work.
  • #406
  • Apr 16, 2009 11:40am Apr 16, 2009 11:40am
hi Bernard
i have a question ... there are a little different between my results and other's result that have been posted in thread .... what is the reason??????
saly
regards;
  • #407
  • Apr 16, 2009 3:28pm Apr 16, 2009 3:28pm
On the 1 hr charts I still have only 1 trade all day.

Quoting prosper4rex
alpine4133,

Try on 1HR TF. It is most effective on 1HR TF.

Bernard
Gary
  • #408
  • Apr 16, 2009 4:40pm Apr 16, 2009 4:40pm
Quoting prosper4rex
If you have nothing positive to contribute to this thread, refrain from posting your sarcastic remarks. This is not the first time you are doing it.

Bernard
I'm sorry that I didn't explain myself well and you misunderstood. I'm not trying to make sarcastic remarks. I'm trying to give the point that if there is a rule in the EA that can define ranging market,the EA will reverse all trade signal when ranging market = true.
  • #409
  • Apr 16, 2009 9:11pm Apr 16, 2009 9:11pm
Bernarnd below is a SS of my most recent activity. Currently I have it on EURUSD GBPUSD EURCHF & EURGDP. And so far it has traded on on GBPUSD and has a trade open on EURGDP that ran away from it but it appears will come back and will end up closign for the small profit again (Like John madden Says: "Some Profit is better then None Profit" )

As you can see by my chart it got in the trend and took 2 small wins for 10pips each but then it took a large loss of 100pips that it opened at the peak of the trend that led to the SL . Noticed you said you were going to work on tweaking so it dosen't do this so I hope the SS can help.


Note I am running stock settings only setting GMT offset to match my broker.
Attached Image (click to enlarge)
Click to Enlarge Name: trend.jpg Size: 212 KB
Designer by day Trader by night.
  • #410
  • Apr 16, 2009 9:26pm Apr 16, 2009 9:26pm
Quoting Elovv
Hi Bernard

You do a fantastic work with the EA development! I think with time it will be very succesfull if you still analysis the result from the thread members.
Thank You, its a pleasure to follow this thread.

Elovv
Elovv,

Thank you. Improvements on the current version is in progress. It is feedback from users like yourself that make enhancements and improvements of the EA possible.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #411
  • Apr 16, 2009 9:30pm Apr 16, 2009 9:30pm
Quoting MrRolf
Prosper,

You are doing an excellent job developing your EA. Everyone seems to be fond of it and assisting by providing feedback. Please stay encouraged and not let some dampen your spirit.

I can agree with the results of most users since using version E. Taking pivot points into consideration for your EA may help in entry points - just a thought. The entry points seem to be an area needing improvements.

We thank you for your continued efforts. Keep up the good work.
MrRolf,

Thank you for your encouragement.

A valuable piece of feedback is that Pivot Points must be an important consideration for EA to initiate entry. Presently, the EA does not consider Pivot Levels.

Enhancements are now being made to correct this situation along with additional suggestions provided by individuals.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #412
  • Apr 16, 2009 9:32pm Apr 16, 2009 9:32pm
Quoting $aly
hi Bernard
i have a question ... there are a little different between my results and other's result that have been posted in thread .... what is the reason??????
saly
regards;
saly,

Different users use different currency pairs to test out the EA. Some used very limited range while others use all currency pairs provided by brokers.

This will produce differing results.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #413
  • Apr 16, 2009 9:37pm Apr 16, 2009 9:37pm
Quoting alpine4133
On the 1 hr charts I still have only 1 trade all day.
alpine4133,

I understand from one of your previous posts that you use something like 5 currency pairs to test out the EA. You may want to include more pairs.

Anyway, there are very few trades yesterday.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #414
  • Apr 16, 2009 9:40pm Apr 16, 2009 9:40pm
Quoting mmeador
Bernarnd below is a SS of my most recent activity....
mmeador,

Thanks for the chart upload.

Many have feedback to me on this similar problem. It is taking trades close to end of trend. Pivot Points and other suggestions are now being programmed in the next version to counter this recurring problem.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #415
  • Apr 17, 2009 6:04am Apr 17, 2009 6:04am
Hi all

From 04.14 13:46 until now 04.17 13:00 Account history is positive, + $2
But open trades are -$175

One big win usdchf $135

So I think this can be grate thanks Bernard.

Elovv
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.JPG Size: 186 KB
  • #416
  • Apr 17, 2009 10:35pm Apr 17, 2009 10:35pm
Hi
EA Stop trade at 15.00 GMT but did not close all 20.00 GMT. I have GMToffset=0 because IBFX=GMT time. But I think IBFX stop trade 20.00
Maybe I can set GMToffset=-1? Than EA stop trade and close 1 ouhr earlier?

Elovv
  • #417
  • Apr 18, 2009 4:01am Apr 18, 2009 4:01am
Quoting Elovv
Hi all

From 04.14 13:46 until now 04.17 13:00 Account history is positive, + $2
But open trades are -$175

One big win usdchf $135

So I think this can be grate thanks Bernard.

Elovv
Elovv,

The next version will be better. Suggestions received have been coded into the next version (version 1f).

Just finished my coding and going through for possible bugs. I will be testing out on demo next week.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #418
  • Edited 8:09am Apr 18, 2009 4:04am | Edited 8:09am
Quoting Elovv
Hi
EA Stop trade at 15.00 GMT but did not close all 20.00 GMT. I have GMToffset=0 because IBFX=GMT time. But I think IBFX stop trade 20.00
Maybe I can set GMToffset=-1? Than EA stop trade and close 1 ouhr earlier?

Elovv
Elovv,

I was not aware that IBFX stopped trading at 20:00 GMT, Friday.

I will have to change the EndWeekCloseAll to 19:30 instead of 20:00 then.

Have a good weekend.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #419
  • Apr 18, 2009 5:54am Apr 18, 2009 5:54am
Hi everyone

I am new to this thread and have been follwing with great interest. As I am now a believer in EA's. let me try to share with everyone here what I think of them and this Trend Catcher EA

Firstly, EAs are not supposed to be the holy grail in FX trading. If FTC ( Forex Trend Catcher ) can even do 10% a month.. it would be fantastic. EAs are supposed to help us make the decisions on entering and saving us all the headache on deciding and then having the discipline to trade our calls and SLs. We all want a life when we are making money too.

Secondly, in forex trading.. wealth is created one step ( oen pip ) at a time and then the compounding takes over.

Thirdly, from what I have been reading, the EA can already be considered good. Some times.. too much fine tuning can just lead to nowhere. We must always remember that the markets are dynamic. All we have to do is learn to set the parameters around the market. As the saying goes.. "why fix something that aint broken".

Fourth, not all pairs will work in the same setups. Remember, the volatility of different pairs will effect the trades. We cannot have a 40 pip SL on a pair like USD/GBP as it will be hit in no time on a swing. If you use your ATR, you can set your SL accordingly. Good exmaples will be the GU and EU pairs ( may be same setup ) and the UC and UJ pairs.

Fifth , trend catching always incurs bigger losses.. As targets are bigger and SL will have to be fair to stop from getting slapped by the market. If we keep worrying about taking small losses and wanting to take the small profits and running.. then it wont be a trend catcher anymore.. it will be more like any other scalping software out there. I think the original FTC concept was right. Just needed fine tuning to it. This way.. taking 400 pips and losing 100 is a fair price to pay.

What we need now to really know how this EA is doing is to have results matched with settings on which platforms. As we all know, every platform effects the trades. Some platforms do play around with accounts with EA's.

Can I suggest that everyone use www.mt4stats.com and show us settings / platform. This way, we will know in real time ( 5 mins delay ) on the respective setups and pairs. If we organize ourselves, our learning curve will be much faster and our feedback can be given to Bernard to improve and we can all get a good EA running to make life easier for us all. This way, we can always compare our results by just keeping the links and referring to the setups. It will be a win win situation for all.

I will post mine on Monday.
  • #420
  • Apr 18, 2009 7:45am Apr 18, 2009 7:45am
Quoting Tranell
Hi everyone

I am new to this thread and have been follwing with great interest. As I am now a believer in EA's. let me try to share with everyone here what I think of them and this Trend Catcher EA

Firstly, EAs are not supposed to be the holy grail in FX trading. If FTC ( Forex Trend Catcher ) can even do 10% a month.. it would be fantastic. EAs are supposed to help us make the decisions on entering and saving us all the headache on deciding and then having the discipline to trade our calls and SLs. We all want a life when we are making money...
I tend in part to agree with this statement. But here we're trying out to smooth out kinks which are giving big losses against small gains.
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