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Forex Trend Catcher EA

  • #481
  • Apr 28, 2009 12:07am Apr 28, 2009 12:07am
Quoting Elovv
My IBFX result 27/4 +$77

You have a little better result on FXopen for 24+27/4.
But do you trudt them? If You do a search on FXopen on Forexfactory you have many scam + scum words? Have You traded live with them?

Elovv
Elovv,

Trading results (demo) on 24/4 is from fxopen, but results (demo) on 27/4 is from fxlite. Different brokers.

No, I have no live account with fxopen.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #482
  • Apr 28, 2009 12:26am Apr 28, 2009 12:26am
So far so good, I'm 9 for 9 with small gains (1 was for $15) on IBFX demo.

Good Job, Benard! :-)
  • #483
  • Apr 28, 2009 12:40am Apr 28, 2009 12:40am
Quoting bnbb2004
So far so good, I'm 9 for 9 with small gains (1 was for $15) on IBFX demo.

Good Job, Benard! :-)
bnbb2004,

Thank you.

When this EA has been tested and stable and profitable, we can all make some easy money.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #484
  • Apr 28, 2009 2:48am Apr 28, 2009 2:48am
it looks like getting hit on 400 TP is very rare. Maybe the TP can be set to nearest S&R that is more than 100 pips away from the entry. What do u think Benard ?
  • #485
  • Edited 3:28am Apr 28, 2009 3:08am | Edited 3:28am
Quoting forexisfx
it looks like getting hit on 400 TP is very rare. Maybe the TP can be set to nearest S&R that is more than 100 pips away from the entry. What do u think Benard ?
forexisfx,

I agree 400 TP is rare, but it does happen.


You can changed TP to 150-200, as long as it is more than SL, to maintain a profitable ratio.


Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #486
  • Apr 28, 2009 4:23am Apr 28, 2009 4:23am
Bernard, thnx for the new version. It look pretty impressive. My guess is the EA will be good for live after 1 or 2 more version. Hope I can spot some flaw in this version and contribute to make it better.
  • #487
  • Apr 28, 2009 4:37am Apr 28, 2009 4:37am
Quoting prosper4rex
AndyM-pips,

I have never backtested Trend Catcher.

From my understanding, backtesting has never been accurate. Many EAs when backtested produced superior results, but when forward tested failed miserably.

Bernard
Hi Bernard...
Quite right, in some respects back-testing will give different results. MT admits that their test data can be incomplete, or slightly different compared to what is processed through individual brokers. My results are very similiar to your results e.g. your test of 24/4, I back-tested that same day, where you had 74p for eurgbp, I had 73p, you had a further 9pip trade, which I did not have. You have small pip trades, just like I have.

What is very stunning about the back-testing, is to perform volume tests over and over on the same data (an apples-to-apples comparison). My testing on the data of 1 Mar to 18 Apr on eurusd - in 2 hours I performed 12 simulation pass-throughs on the data. These revealed that bypassing London /NY open produced more profit (+99p vs -84p), that a smaller SL of 50 gave a higher loss, that some changed settings on InitialSF and ProfitCut-off gave terrible losses.

I did not even try and test the other combinations of EA settings.

Once all likely combinations have been tested, and the EA tuned for maximum performance, then the "proof" of the eating can be completed.

My tuppenny worth..........

Best wishes and keep-up the great work all of you

Andy
  • #488
  • Apr 28, 2009 1:36pm Apr 28, 2009 1:36pm
Prosper,

If you had a custom indicator that can get attached to a currency pair, would it help you at all in determining entry/exit points? If it will be helpful, I can provide you with the custom pivot point indicator. I would guess that you can code some lines from this indicator into your EA. Please let me know.

MrRolf
  • #489
  • Apr 28, 2009 8:51pm Apr 28, 2009 8:51pm
TC Version 1f - Results for 28 April 2009. Loss = $56.

Bernard
Attached File(s)
File Type: doc 090428-TC1f-Statement.doc   58 KB | 307 downloads
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #490
  • Apr 28, 2009 8:59pm Apr 28, 2009 8:59pm
Quoting forexisfx
Bernard, thnx for the new version. It look pretty impressive. My guess is the EA will be good for live after 1 or 2 more version. Hope I can spot some flaw in this version and contribute to make it better.
forexisfx,

I hope to make the EA achieve consistent profit and go live as soon as possible. Unfortunately, from today's result it is still not ready yet for live trading.

I welcome your contribution.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #491
  • Apr 28, 2009 9:01pm Apr 28, 2009 9:01pm
Quoting MrRolf
Prosper,

If you had a custom indicator that can get attached to a currency pair, would it help you at all in determining entry/exit points? If it will be helpful, I can provide you with the custom pivot point indicator. I would guess that you can code some lines from this indicator into your EA. Please let me know.

MrRolf
MrRolf,

This version was supposed to have pivot points including others, but I decided to do without it at the last moment. There were too many conditions squeezed into the codes and make entry too tight for any trades to take place.

Instead, I re-tool it with my indicator TrendRange_bars. Looks like Pivots is needed after all.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #492
  • Apr 28, 2009 9:44pm Apr 28, 2009 9:44pm
Here are my trades. Demo account on gain capital.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 70 KB
  • #493
  • Apr 29, 2009 5:38am Apr 29, 2009 5:38am
Quoting prosper4rex
MrRolf,

This version was supposed to have pivot points including others, but I decided to do without it at the last moment. There were too many conditions squeezed into the codes and make entry too tight for any trades to take place.

Instead, I re-tool it with my indicator TrendRange_bars. Looks like Pivots is needed after all.

Bernard
Maybe have a "use pivot" true/false selection. We can test it out to see which one is better running both true and false with different account.
  • #494
  • Apr 29, 2009 5:53am Apr 29, 2009 5:53am
Hi Bernard

Attached hereto are my EA results for the last couple of days.

Note :- Only one loss, 4/28 time 10:03 with the CAD/USD pair. Blew a serious dent in the previous profit with that trade. It occured at a swing high pivot point......a BUY order that went promptly into a downtrend and took out the S/L.

Note also the USD/CAD SELL order 4/29 time 7:40. The trailing stop caused the exit an hour ago (my current time) with the trend still going south with the loss of further potential profit. I used the default trailing S/L and this may be just too tight, as it did'nt allow the regular price movement to occur during the current candle 1HR time period and so gave a premature exit in this case.

It is always difficult to know what to use. In manual trading I usually use a trailing S/L of (ATR * x) where x depends on the pair being traded and varies between 0.4 to 2.0. For this pair I would probably use 1.33.

Bernard, if you could successfully address the Pivot Point entry problem you would be there.
Attached File(s)
File Type: doc DetailedStatement.doc   109 KB | 303 downloads


Regards Geoff
  • #495
  • Apr 29, 2009 7:53am Apr 29, 2009 7:53am
Bernard , sometimes the EA seems to reenter right after the position is close. Usually , that reentered position will end up having negative in less than an hour due to buying at the top after the position is close. I think the EA can add a condition to reenter after position is close for at least 1 H [1 candle].
  • #496
  • Apr 29, 2009 9:50am Apr 29, 2009 9:50am
An update of my trades.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 113 KB
  • #497
  • Apr 29, 2009 10:57am Apr 29, 2009 10:57am
I Lowerd My Stoploss To 60 Pips Usealy If Hits 60 Pips It Will Probebly Hit 100 Pips Stop Loss Before Returning And I Have Good Results I Am Trying This On Live Account
  • #498
  • Apr 29, 2009 8:54pm Apr 29, 2009 8:54pm
TC Version 1f - Results for 29 April. Loss=$8.50.

Bernard
Attached File(s)
File Type: doc 090429-Statement.doc   56 KB | 244 downloads
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #499
  • Apr 29, 2009 9:04pm Apr 29, 2009 9:04pm
We have 2 successive loss after 2 successive wins for version 1f . Version 1f needs further improvement to increase it's winning ratio.

Version 1g will include pivot points, hidden stop loss to prevent stop loss hunting and a delay timer (1 hr) to check that new open positions will only open after it has been previously closed for at least 1 hour.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #500
  • Apr 29, 2009 9:09pm Apr 29, 2009 9:09pm
Quoting forexisfx
Bernard, thnx for the new version. It look pretty impressive. My guess is the EA will be good for live after 1 or 2 more version. Hope I can spot some flaw in this version and contribute to make it better.

forexisfx,

Thank you.

The current version 1f is still not up to the mark. I have 2 days of loss in a row after 2 days of winnings. Verison 1g is in progress and hopefully this will be the version we can all go live and make money in forex.

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