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Forex Trend Catcher EA

  • #541
  • May 2, 2009 9:02pm May 2, 2009 9:02pm
Quoting joes
I Hade Good Profits Beginning Of last Week But End Wipped Out All Profits I Think Because Of Placing Orders Right After Closing Order And Entering To late To Market Also I Would Like To Now If It Is Safe To Use This On GBP-Yen Even It have Bigger Spread Because Looks Like It have Good Oppertunities With This Pair Now For...
if u wanna trade volatile pair , u might have to increase ur SL. i think SL 100 work quite well for pairs like EURUSD. For GBPJPY , i dont think it will work well. u might get hit more often. if u trade a few currency pairs, better to choose those which have almost the same volatility. High volatility pair will wipe out gain on low volatility pair.
  • #542
  • May 3, 2009 12:43am May 3, 2009 12:43am
Hi Bernard,
Thanks for 1g, I’ve just placed it on my demo account. I’ve had my demo off for a week, my broker was using it to test his new ECN live feed.
I’ll attach my results later in the week.
Thanks
Peter
  • #543
  • May 3, 2009 2:07am May 3, 2009 2:07am
Quoting PipBear
Ironbark, your results are great on a $500 account.
I did not manage such a good result on my $5000 account, 12 pairs.
See attached.
Can you post your settings please so I can compare. Also can you tell us what pairs you are using?
I think that if you had results like mine you would have had a margin call.

So I do not know about a $500 account? May be some of the experienced traders can shed some light on this???

Also many thanks to prosper4rex for all your efforts in developing this EA and sharing it with the community !!!

PipBear
Hi PipBear
Settings are default except GMT
Pairs I'm using are GC,AU,EG,EU,UJ,GU,UC,EC,UC,EJ,CJ
I was lucky and didn't get a couple of your bad trades, because my pair choice was slightly different.
Testing 1g this week, so should see improvement.
We all see the same dream, just from different viewpoints
  • #544
  • May 3, 2009 4:42am May 3, 2009 4:42am
Hi Bernard,

I have been following this thread for the last few days and running the EA on a demo account. The EA looks promising but as many other experienced lots of small wins are wiped out by rare big losses.

You might want to add to the EA something that I'm doing on my manual trading which is closing part of the position to secure profit or cut losses but the rest of the position stays to catch longer trends or in hope for a reversal on a losing trade.

This of course should be optional with parameters to set the pratial SL / TP.

I guess this feature is not easy to implement because the regular SL and TP are reached only once and the partial points can be crossed several times in one trade and should be activated only once.

Thanks a lot for all your work on this EA so far.

Oren
  • #545
  • May 3, 2009 12:29pm May 3, 2009 12:29pm
Hi Bernard

Where do we locate vs 1g?

Regards

Andy
  • #546
  • May 3, 2009 12:32pm May 3, 2009 12:32pm
Quoting AndyM-pips
Hi Bernard

Where do we locate vs 1g?

Regards

Andy
Andy,

Check your e-mail and just reply to me. I will forward a copy.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #547
  • May 3, 2009 12:59pm May 3, 2009 12:59pm
Recommended setting for version 1g -

Use default setting, except for PivotBuffer = 5 (default is 0).

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #548
  • May 3, 2009 1:01pm May 3, 2009 1:01pm
@prosper4rex
you got a message
  • #549
  • May 3, 2009 2:42pm May 3, 2009 2:42pm
Quoting prosper4rex
Recommended setting for version 1g -

Use default setting, except for PivotBuffer = 5 (default is 0).

Bernard
Hi Bernard


Thanks for ver 1g. I look forward to next weeks testing. PivotBuffer = 5 default on the version you mailed to me.

Elovv
  • #550
  • May 3, 2009 4:24pm May 3, 2009 4:24pm
Bernard,
The EA took out my manual trade which did not have a SL and traded from 6/4/2009.

Vinesh
  • #551
  • Edited 6:33pm May 3, 2009 6:27pm | Edited 6:33pm
Quoting Ironbark
Hi PipBear
Settings are default except GMT
Pairs I'm using are GC,AU,EG,EU,UJ,GU,UC,EC,UC,EJ,CJ
I was lucky and didn't get a couple of your bad trades, because my pair choice was slightly different.
Testing 1g this week, so should see improvement.
Yea, finally got thru this great thread. Shows a lot of promise. Thanks to prosper for sharing his ideas & hard work.
Hi ironbark, I like how you have done on your $500 demo. I have a $700 something FXDD demo I am going to set up the v1f to see how it goes. Will be interesting to see how it survivies.

Off to setup before the "sunday" open.
cheers all, have fun
Target 2 : Stoploss in the green
  • #552
  • May 3, 2009 7:41pm May 3, 2009 7:41pm
Hi Saly,
Are you able to post a print/view of your results.
What broker & pairs are you using.
I have a mini IBFX demo & live, but have loaded fxTrendCatcher on my FXDD demo with EU,GU,UJ,UC,EJ,GJ,EG,AU.
Think I need to work thru the spread limit again, will check my notes.

cheers scalpz
Target 2 : Stoploss in the green
  • #553
  • May 3, 2009 9:03pm May 3, 2009 9:03pm
Quoting Elovv
Hi Bernard


Thanks for ver 1g. I look forward to next weeks testing. PivotBuffer = 5 default on the version you mailed to me.

Elovv
Elovv,

My mistake. PivotBuffer = 5 (default).

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #554
  • May 3, 2009 9:04pm May 3, 2009 9:04pm
Hi Bernard,

I have just begun following this thread since last week, and put ver. 1f to demo for the last 2 days. still studying it.

Can I have the latest 1g version, please?

Thanks in advance.
  • #555
  • May 3, 2009 9:06pm May 3, 2009 9:06pm
Quoting vinesh
Bernard,
The EA took out my manual trade which did not have a SL and traded from 6/4/2009.

Vinesh
Vinesh,

Any trades that is equal/exceed hidden stop loss (default 100 pips) will be taken out.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #556
  • May 3, 2009 9:08pm May 3, 2009 9:08pm
Quoting Orenn
Hi Bernard,

I have been following this thread for the last few days and running the EA on a demo account. The EA looks promising but as many other experienced lots of small wins are wiped out by rare big losses.

You might want to add to the EA something that I'm doing on my manual trading which is closing part of the position to secure profit or cut losses but the rest of the position stays to catch longer trends or in hope for a reversal on a losing trade.

This of course should be optional with parameters to set the pratial SL / TP.

I guess...
Oren,

Your suggestion is noted. Thanks.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #557
  • May 4, 2009 1:14am May 4, 2009 1:14am
prosper4rex
I have just downloaded V1f and installed it on ForexTrader platform. I tested it using various pairs EURUSD, USDJPY, GBPUSD but when come to EURGBP pair NO trade was made. I ran it 3 more time and observe it carefully. It still made NO trade.

I set it to default. Have I something wrong somewhere. See attached.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp V 1f.jpg Size: 145 KB
  • #558
  • May 4, 2009 4:39am May 4, 2009 4:39am
Quoting thebedal
prosper4rex
I have just downloaded V1f and installed it on ForexTrader platform. I tested it using various pairs EURUSD, USDJPY, GBPUSD but when come to EURGBP pair NO trade was made. I ran it 3 more time and observe it carefully. It still made NO trade.

I set it to default. Have I something wrong somewhere. See attached.
thebedal,

I do not do back test for Trend Catcher EA.

In my forward test, there were a number of transactions for EURGBP. Some of them highly profitable.

I do not think you did anything wrong. It is just that back testing an EA is never a good way to evaluate an EA, because it is not accurate.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #559
  • May 4, 2009 5:36am May 4, 2009 5:36am
The following message keep appearing.

"2009.05.04 18:34:45 Pivots_Daily EURJPYFXF,H1: Redrawing Pivot Labels after 10 minutes have elapsed since the last Redraw!"
  • #560
  • May 4, 2009 5:42am May 4, 2009 5:42am
Quoting forexisfx
The following message keep appearing.

"2009.05.04 18:34:45 Pivots_Daily EURJPYFXF,H1: Redrawing Pivot Labels after 10 minutes have elapsed since the last Redraw!"
forexisfx,

This is a normal message, not a problem.



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