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...
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Iolite,
Pivot Points will be used in the next version 1g.
For ATR, do you use daily or hourly? How do you determine x?
Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
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].
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forexisfx,
Your suggestion for 1 hour delay entry is noted and will be included in the next version.
Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
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
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Joes,
Would you like to upload your results?
Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
I am Testing This Version 1f And Faps Ea From Diferent Company And I Start My Testing Last Week Thersday On A 100.00 Live Acount So Far so Good I Am Now Up To 126.71 I Wass Allready By 132.00 But Problam That Ea Takes 2nd Trade Right After Closing First Trade But Still Good After All Gave Me Over 500 Pips This Week Between This 2 Ea's I Hope Ican Have this Every Week 500 Pips I Will Be Millionare Very Soon I am Trading For Every 20.00 1 Mili Micro Lot Thats 2.50 On Usa Base Curencies And Like 3.00 For Eur-usa Profit Is .01 Cents For Pip So For 5 Lots Gives Me .05 Cents 26.71 Devide In To .05 cents = 534 pips
Prosper,
one question for you, asuming i set the take profit to say 50 on a buy (on the TrendCatcher) and enter the market, while the market is moving profitable then later want to lock the profit and increase the 50 up to say 100 or 150 will it work out fine this say?
I Think i am Going To Lower Take Profit To 30 Or 20 Pips In The Long Ron It Will Give More pips Then For Waiting For The 50 or 100 pips And lower Stop Loss To 50 This settings I Have For Other Ea And Gives Great Results Trailing Stop On Other Ea Is 15 Pips
I am Testing This Version 1f And Faps Ea From Diferent Company And I Start My Testing Last Week Thersday On A 100.00 Live Acount So Far so Good I Am Now Up To 126.71 I Wass Allready By 132.00 But Problam That Ea Takes 2nd Trade Right After Closing First Trade But Still Good After All Gave Me Over 500 Pips This Week Between This 2 Ea's I Hope Ican Have this Every Week 500 Pips I Will Be Millionare Very Soon I am Trading For Every 20.00 1 Mili Micro Lot Thats 2.50 On Usa Base Curencies And Like 3.00 For Eur-usa Profit Is .01 Cents For Pip So For 5...
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Joes,
Next version 1g will address the "Ea Takes 2nd Trade Right After Closing First Trade" problem with a 1 hour delay timer.
Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
Prosper,
one question for you, asuming i set the take profit to say 50 on a buy (on the TrendCatcher) and enter the market, while the market is moving profitable then later want to lock the profit and increase the 50 up to say 100 or 150 will it work out fine this say?
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zymone44,
TP and any other input fields can be updated anytime even when the EA is in progress, and the new values reflected. Yes, it will work out fine.
Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
I Think i am Going To Lower Take Profit To 30 Or 20 Pips In The Long Ron It Will Give More pips Then For Waiting For The 50 or 100 pips And lower Stop Loss To 50 This settings I Have For Other Ea And Gives Great Results Trailing Stop On Other Ea Is 15 Pips
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Joes,
15 pips is just too tight for a trailing stop.
Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
For ATR, do you use daily or hourly? How do you determine x?
Bernard
For manual day trading I use a trailing stop based on the ATR, 20 period for the 1 Hour chart. The "x factor" is purely a subjective number based on the personal feel I have for the pair being traded. I simply look on the 1 HR chart for the last two or three days and determine if the candle ranges are fairly consistent in length. If they are then I will use the ATR value for the day and add a small safety percentage (ie x= 1.2). If not then I will adjust the x value accordingly, up or down with the aim of staying in the trend but with a minimal stop loss value. After a short while you will get "the knowledge or gut feel" for the pair and will be able to apply a reasonable trailing stop.
It is variable and the stop value can change during the weeks trading, but it beats a fixed trailing stop loss value.
I think the EA avoided some trade becoz of spread. The demo is on Gain capital.
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Surprising! On Gain Capitals I ge losses more often. My a/c made about 30% profit in 3 days and then I went into loss of about the same %.So my losses outweighs the gains and my capital has been reduced.
Vinesh
p.s. This is just fyi. Maybe it is because I Demo trade on fixed spread platform where majority of pairs have small spreads so the EA takes on more trades.
