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  • #421
  • Edited Apr 19, 2009 8:55am Apr 18, 2009 10:42am | Edited Apr 19, 2009 8:55am
Hey Vinesh

Yes.. I agree with you that it would be good to work out the kinks. I am all for it too.

But we must also understand the fact that this market is dynamic. We may be able to do well one week and the next.. we may be stuck..

I have every reason to believe that the system as it is as good as can be. Tweaking it will definately be better. The problem is.. there will be no end of tweaking.

If we can use the system as it is and still make the pips.. lets use it as it is now and research on for the future. Lets stick on for the FTC to be a trend trading EA and not convert it to a scalping EA.

http://ftc001.mt4stats.com/

Its a link for us to follow.

Platform FXDD;

Settings : default
  • #422
  • Apr 20, 2009 8:51am Apr 20, 2009 8:51am
prosper,
Even though I have still been getting small gains, 42 in a row, I just got a SL of $146 which is more than the 100 default setting. It wiped out all the gains!
This loss was on E/G. Just for your information.
  • #423
  • Apr 20, 2009 9:10am Apr 20, 2009 9:10am
Quoting cuddlebum
prosper,
Even though I have still been getting small gains, 42 in a row, I just got a SL of $146 which is more than the 100 default setting. It wiped out all the gains!
This loss was on E/G. Just for your information.
E/G pip value is higher than any other pair. So either you must have lost 100 pips only, or maybe your platform closed down and when you reopened it was already in bigger loss which got triggered on opening.

Vinesh

p.s. 42 winners in a row! Thats something indeed. I have had 16 in a row but like you 1 loss was more than enough to cover all the profit. Bernard is working on this problem.

p.p.s.
Considering so many winners in a row, has anyone got a suggestion how to improve profits? If so Bernard is open to suggestions.And this thread is for that purpose only.
  • #424
  • Apr 20, 2009 1:22pm Apr 20, 2009 1:22pm
You Could Set Your Take Profit To 50 Pips So You Would Gain A Lot More Then The 400 Pip Profit Because If You End Up With Small Gain This Means Market Wass Allready By 50 Pips Gain So Just take It I Dont Think You Are Going To Have to Many Gains Of 400 Pips So better To Have 50 Of Every Trade Then 10 Or 20 Of 90% Of Trades And 5% Losses And 5% From 50 To 400 Pips
  • #425
  • Edited 7:27am Apr 21, 2009 7:12am | Edited 7:27am
Hi People,

I have received many feedback to improve version 1e. I have tried to include some of these in the new version 1f.

The changes made include the following,

1. Taking trend direction from higher TFs.

2. Pivot points consideration.

3. Candles lower low or higher high.

4. CCI to confirm trend.

However, the new EA is not making any trades. It does seem that all these criteria in addition to the existing ones, is making the entry very tight. Just too tight that no trades can be initiated.

However, Dave has e-mailed me and referred me to a indicator which he has been using with success on his manual trades.

I have created an EA using this indicator filtered with existing conditions in version 1e. The results has been very encouraging. I will be doing some more test to fine tune this EA before releasing it as version 1f.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #426
  • Apr 21, 2009 7:51am Apr 21, 2009 7:51am
Hi Bernard I Am Trying this Ea Now For 3 Days and I am Now Up With Over 500 Pips Only 1 Lose I Think I am Going To Change stop loss To 50 Because All The Winning trades I Hade Didnt Draw Down To 50 Pips Watt Do You Think About thate Thanks For Your Work
  • #427
  • Apr 21, 2009 8:07am Apr 21, 2009 8:07am
Quoting joes
Hi Bernard I Am Trying this Ea Now For 3 Days and I am Now Up With Over 500 Pips Only 1 Lose I Think I am Going To Change stop loss To 50 Because All The Winning trades I Hade Didnt Draw Down To 50 Pips Watt Do You Think About thate Thanks For Your Work
Joes,

The default SL -100 is just a guideline.

You can change to -50 if you think it suits your trading.

Each currency pair has its own characteristic, some require more than 100 while others less.

We all can share our results and optimised settings to trade the different currency pairs for maximum profit.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #428
  • Apr 21, 2009 9:03am Apr 21, 2009 9:03am
Quoting prosper4rex
Joes,

The default SL -100 is just a guideline.

You can change to -50 if you think it suits your trading.

Each currency pair has its own characteristic, some require more than 100 while others less.

We all can share our results and optimised settings to trade the different currency pairs for maximum profit.

Bernard
Hi, Bernard.
It seems to me, that SL can not be changed on 5 digits platforms. May be it is a mistake in code. Please check.
  • #429
  • Apr 21, 2009 9:43am Apr 21, 2009 9:43am
Quoting joes
You Could Set Your Take Profit To 50 Pips So You Would Gain A Lot More Then The 400 Pip Profit Because If You End Up With Small Gain This Means Market Wass Allready By 50 Pips Gain So Just take It I Dont Think You Are Going To Have to Many Gains Of 400 Pips So better To Have 50 Of Every Trade Then 10 Or 20 Of 90% Of Trades And 5% Losses And 5% From 50 To 400 Pips
Sounds good. Have you tried the strategy. I f you have please post the results.
  • #430
  • Apr 21, 2009 9:46am Apr 21, 2009 9:46am
Quoting joes
Hi Bernard I Am Trying this Ea Now For 3 Days and I am Now Up With Over 500 Pips Only 1 Lose I Think I am Going To Change stop loss To 50 Because All The Winning trades I Hade Didnt Draw Down To 50 Pips Watt Do You Think About thate Thanks For Your Work
Is this with 50 pip TP? If so its simply fantastic!!
  • #431
  • Apr 21, 2009 10:17am Apr 21, 2009 10:17am
I Only tried With Standard Settings But If I Would Take Profit At 50 Pips I Would Be Up 750 Pips , Now About Changing the Stop Loss To 50 Pips I Dont Now Yet I Will Find Out Today If Draw Down That Got Down To More Than 50 pips Will End Up Hitting Stop Loss I might Change It to 50 Or 60 But If It Will Come Back To Profit I Will Leave It At 100 Pips Now Abbout Posting The Results I Dont Now How
  • #432
  • Apr 21, 2009 10:22am Apr 21, 2009 10:22am
Now I Just Hade One Hitting Stop Loss So I Think I Will Move Stop Loss
  • #433
  • Apr 21, 2009 3:57pm Apr 21, 2009 3:57pm
31 trades $31.19 profit
used TP 50, SL 100, TS 40, SL Incr 10, NY and London Open=True

The f version should be better.

Keep up the good work, guys

Andy
Attached File(s)
File Type: doc Test-20042009.doc   206 KB | 309 downloads
  • #434
  • Apr 21, 2009 5:05pm Apr 21, 2009 5:05pm
I adjusted to the above settings also, as the earlier ones did not give me the results I had hoped for. Now let's see what happens with those few losers in between that damage the revenues.
  • #435
  • Edited 2:05am Apr 22, 2009 1:37am | Edited 2:05am
After reviewing through several indicators including what Dave has referred me to, I have decided to write my own indicator.

The greatest problem I faced with this EA is that, some time it gets triggered off when the market is ranging and not trending. It is to this end that I decided to create an indicator able to tell me when a market is trending and especially when it is ranging. The EA will then be able to avoid a ranging market where it faces the most risks.

I will be using this indicator with version 1f.

Usage,

1. When Blue Line is above Red Line = Trending

2. When Red Line is above Blue Line = Ranging
Attached File(s)
File Type: ex4 TrendRange_bars.ex4   5 KB | 374 downloads
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #436
  • Apr 22, 2009 4:13am Apr 22, 2009 4:13am
Quoting prosper4rex
After reviewing through several indicators including what Dave has referred me to, I have decided to write my own indicator.

The greatest problem I faced with this EA is that, some time it gets triggered off when the market is ranging and not trending. It is to this end that I decided to create an indicator able to tell me when a market is trending and...
Hi, Bernard
1. I think, the current version (1e) can make pips on both ranging and trending markets.
2. All indicators are lagging, so we will see ranging or trading only post factum.
3. What is not good in current version. EA opens a trade near S/R, got some pips (trade is closed by trailing stop) and opens a new trade. This trades I close manually.
4. Nevertheless the results are positive.
Regards,
SNL
  • #437
  • Edited Apr 23, 2009 1:59am Apr 22, 2009 8:42pm | Edited Apr 23, 2009 1:59am
Version 1f has been uploaded on post #1.

Make sure that you download TrendRange_bars indicator too.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #438
  • Apr 22, 2009 8:45pm Apr 22, 2009 8:45pm
Quoting snl
Hi, Bernard
1. I think, the current version (1e) can make pips on both ranging and trending markets.
2. All indicators are lagging, so we will see ranging or trading only post factum.
3. What is not good in current version. EA opens a trade near S/R, got some pips (trade is closed by trailing stop) and opens a new trade. This trades I close manually.
4. Nevertheless the results are positive.
Regards,
SNL
snl,

Thanks for your feedback.

Version 1f has just been uploaded and will be an improvement over version 1e.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #439
  • Apr 22, 2009 8:51pm Apr 22, 2009 8:51pm
Quoting AndyM-pips
31 trades $31.19 profit
used TP 50, SL 100, TS 40, SL Incr 10, NY and London Open=True

The f version should be better.

Keep up the good work, guys

Andy
Andy,

Thank you for uploading your results.

Version 1f has been uploaded.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #440
  • Apr 22, 2009 8:57pm Apr 22, 2009 8:57pm
Quoting Tranell
Hey Vinesh

Yes.. I agree with you that it would be good to work out the kinks. I am all for it too.

But we must also understand the fact that this market is dynamic. We may be able to do well one week and the next.. we may be stuck..

I have every reason to believe that the system as it is as good as can be. Tweaking it will definately be better. The problem is.. there will be no end of tweaking.

If we can use the system as it is and still make the pips.. lets use it as it is now and research on for the future. Lets stick on for the FTC...
Tranell,

EA has to be tweaked once in a while. It can never be stagnant because it has to change with a changing market.

Your mt4stats is a great idea to show results online.

Version 1f has been uploaded and timer increased to maximise profit on a trending position.

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