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Forex Trend Catcher EA

  • #681
  • May 12, 2009 2:23pm May 12, 2009 2:23pm
Hello,
Ever since u discovered this trend signal how much profit and loss have u make cuz i want to put it into test...and tell me how does it work

Quoting prosper4rex
Hello People,

I have surfed and learnt quite a fair bit from the different forex forums eversince I started forex trading. It's time I contribute. Here's an EA I wrote to automate my trading experience. I call it the " Forex Trend Catcher EA". As it's name imply, it wil attempt to "catch" trends when it detects a developing trend emerging.

A few things about this EA.

1. It is designed for trading on the 1hr time frame.

2. It will stop initiating new trades at end of each trading week, Friday 15:00 GMT.

3. EndWeekCloseAll option to...
  • #682
  • May 12, 2009 2:42pm May 12, 2009 2:42pm
can u tell me how to install this EA and wat particular pair to be fixed on.... I will like to have a personal chat with u if u do chat online and let me have ur email address and i will prepare and hapy if u can send me a mail direct to my mailbox [email protected]

Save guy


Quoting prosper4rex
Hello People,

I have surfed and learnt quite a fair bit from the different forex forums eversince I started forex trading. It's time I contribute. Here's an EA I wrote to automate my trading experience. I call it the " Forex Trend Catcher EA". As it's name imply, it wil attempt to "catch" trends when it detects a developing trend emerging.

A few things about this EA.

1. It is designed for trading on the 1hr time frame.

2. It will stop initiating new trades at end of each trading week, Friday 15:00 GMT.

3. EndWeekCloseAll option to...
  • #683
  • May 12, 2009 4:29pm May 12, 2009 4:29pm
Hi Bernard

Demo traded UsdJpy, EurGbp, GbpUsd, EurUsd on IBFX yesterday till 14h00 today, no trades. Fluctuating wide spreads encountered at times on IBFX with exception of EurUsd, so set SpreadLimit higher, still no trades.

This afternoon, dropped forward testing of EurUsd & GbpUsd.
Continued demo trading EurJpy, UsdJpy, UsdCad, EurGbp on IBFX since 14h00 - no trades.

EurUsd and GbpUsd will now be backtested separately.

Regards

Andy
  • #684
  • May 12, 2009 5:17pm May 12, 2009 5:17pm
Hi Bernard,
Thanks for V1h, I have the 3rd copy loaded on my FXDD standard Demo yesterday over 8 pairs, at 0.01 lots.
Got a buy trade almost straight away on EURUSD & 5 min later a buy on GBPUSD. Both now closed, EU +1 SL & GU full SL .

Noticed GBPJPY (9pip spread) didnt show the Pivots text labels like the other pairs. Increased SpreadLimit to 9, labels now showing. EURGBP has 9 pip spread also, I didnt increase its SpreadLimit but Pivot labels are showing.

I may have a look at winding back the TakeProfit. But this is a ranging market on most pairs. Need some volitility, somebody break something then fix it quick, how about GM, that might do it.

Take care folks
cheers scalpz
Target 2 : Stoploss in the green
  • #685
  • May 12, 2009 6:28pm May 12, 2009 6:28pm
Hi Bernard,
Only one trade so far on TC 1h and that was a loss.
Peter
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-TC1h.jpg Size: 129 KB
  • #686
  • May 12, 2009 8:07pm May 12, 2009 8:07pm
Reboot your metatrader. When I do that if there are any possible trades it usually works. So try that. Dean

Quoting $aly
i am using ALPARI RUS and not a single trade yet
  • #687
  • May 12, 2009 9:40pm May 12, 2009 9:40pm
Have been running the new version for almost 24 hours now on a demo a/c with Alpari UK.. Still no trades...
  • #688
  • May 12, 2009 9:55pm May 12, 2009 9:55pm
Quoting KingPip
On what time frame is the EA most effective ? What are you guys running it on ? M30 ? H1? H4 ?
You are using my name have had it since 2006
My Email For Help: [email protected]
  • #689
  • May 12, 2009 10:18pm May 12, 2009 10:18pm
Quoting tcmm
You are using my name have had it since 2006

Sorry about that chief... Didn't know, and I doubt I can change it now ..
  • #690
  • May 12, 2009 10:57pm May 12, 2009 10:57pm
Quoting KingPip
Have been running the new version for almost 24 hours now on a demo a/c with Alpari UK.. Still no trades...
I'm in the same boat with the same broker.
  • #691
  • May 12, 2009 11:24pm May 12, 2009 11:24pm
Quoting KingPip
Have been running the new version for almost 24 hours now on a demo a/c with Alpari UK.. Still no trades...
I have two trades taken yesterday , GBPUSD and USDJPY, on demo a/c Alpari UK . Default settings.

Bernard
“Opportunities multiply as they are seized.” - Sun Tzu - The Art Of War
  • #692
  • May 12, 2009 11:40pm May 12, 2009 11:40pm
Quoting prosper4rex
I have two trades taken yesterday , GBPUSD and USDJPY, on demo a/c Alpari UK . Default settings.

Bernard
Had five trades, 4 postive, at 40.00 but I had the EUR/JPY -103.96
that killed the four postive. On 1hr TF's the SL should be about 35pips
My Email For Help: [email protected]
  • #693
  • May 13, 2009 2:18am May 13, 2009 2:18am
I had 1 trade yesterday 0.1 lot sell GBPUSD, result -101.00
Today, 0.1 lot buy GBPUSD, result +1.00
Default setting.
  • #694
  • May 13, 2009 6:41am May 13, 2009 6:41am
here are my trades.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 28 KB
  • #695
  • May 13, 2009 2:32pm May 13, 2009 2:32pm
Hi Bernard

Forward testing on IBFX, still no trades since yesterday on EurJpy, UsdCad, UsdJpy, EurGbp....................

Back testing...............
Herewith results from back testing EurUsd. All on IBFX broker..

-------------------------------------------
First session – 1 Mar to 18 Apr 2009 – a mixed period of market trending up and down.
Used defaults. Then, tried different settings for the parameters, and compared results.
Summary – in one EurUsd currency you can expect 1 trade every 2 days,

Run 1a.
Used defaults, 1H TF.
13 trades, net profit -12. (2 x -100 pip loss trades) - half long/half short trades

Run 1b, 1c, 1d, 1e. All combinations of parameters gave the same results.
Changed the Pivot buffer, TS Required, SL increment, Init Stop Buffer, Trailing Stop, Risk, takeProfit. Used 1H TF. Each run same result (question, what do these settings really achieve?)
13 trades, net profit -66 (2 x 100 pip loss trades)

Run 1f.
Excluded NY Open. Used 1H TF.
12 trades, net profit +159 (No loss trades)

See Sample Reports "1f" and screen dump of trade 1 and 2 of 1 Mar 2009.

Problem is the many small profit trades of 1pip /5pips. Entry point /exit point needs refinement? Despite the major trends during this 5 week period, very few trades started and very few ”runs” initiated


Run 1g.
As per 1f. but used 5M TF, excludes London and NY open..
124 trades, net profit -295 (7 x-100 trades, 1 x -227 trade). This is not conclusive till further testing done……………..56 trades short, 68 trades long.

-----------------------------------------------
Second Session – 1 Aug 2008 to 11 Sep 2008 – a period of constant “short” trend, should test the true capabilities of the EA – it is a trend catcher!
Summary: 5M timeframe the best???


Run 2a. 1H TF
Used settings as per 1e above:
13 trades, net profit +27 (1 x -100 pip loss)

Run2b
Include NY open, and defaults – 1H TF
14 trades, net profit +48.37 (1x102 loss), Despite continual down trend for 6 weeks, half the trades were long /half short. Far too few trades initiated.

Run 2c
Not US open, and uses defaults – 1H TF
13 trades, net profit +43.37 (1x102 loss)

Run 2d
Defaults, not US open. 5M TF.
105 trades, +207.47. 56 short trades, 49 long trades – why almost 50-50 split during constant down trend?.

See sample report - 2d

Problem remains: Entry point/exit point. Too many trades ending with 1pip or 5pip take profit. In the continual down trend, most trades should have run to the full take profit.


Run 2e
Defaults, not US open, 1M TF
198 trades, -$835. 98 short, 100 long trades

Run 2f, g, I, j.
Inconclusive – 15M, 30M, 4H – all have poor results, whether London open/NY open included /or excluded.

--------------------------------------------------

Hope this helps you

Andy
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FTC-StrategyTester-05122009-1f.gif Size: 5 KB
Click to Enlarge Name: FTC-StrategyTester-05132009-2d.gif Size: 6 KB
Click to Enlarge Name: ftc-strategytester-05132009-screen.gif Size: 19 KB
Attached File(s)
File Type: doc Strategy Tester Report-1f.doc   130 KB | 402 downloads
File Type: doc Strategy Tester Report-2d.doc   522 KB | 340 downloads
  • #696
  • Edited 2:32pm May 14, 2009 4:49am | Edited 2:32pm
Hi,
Had another EURUSD trade yesterday, sell from 1.3573 for a SL of +16 pips. Could have been better, especially after failling to hold the S1 break. But +16 is definately prefered to the previous +1 or +2 pips of the earlier versions.

Have an AUDUSD sell open at the moment from 0.7497. Looking a bit sad at -38 pips. May not get much more on the downside after the 196 pip drop yesterday. Still, will wait and see how the ea runs it.

Bernard, Still haven't been able to figure out why there is occassionally such a large delay for the Pivot & S/R labels being diplayed. Wonder if its possible to put in a couple of "Print( )" statements in the code on the next version issue to show how far the processing has got when it loads up. The Prints() should show in the bottom Expert tab, amongst the 'Object redraws done' etc.

Maybe the ea is fully loaded and running, but something else has delayed the screen refresh with the display of the labels.

cheers scalpz

Edited: AUDUSD sell just closed at 0.7488 SL +9 pips. Good recovery.
Target 2 : Stoploss in the green
  • #697
  • May 15, 2009 2:56am May 15, 2009 2:56am
Hi Bernard,

Since my last post, I haven't had any trades done. This morning, I change the TF to 30 mins. Since then had one sell usdjpy traded +7 pips. Right now have another sell usdjpy running, so far -9 pips.

Wonder why TF of 1h has no trade?

Thanks.
  • #698
  • May 15, 2009 3:45am May 15, 2009 3:45am
Quoting pipchaser888
Hi Bernard,

Since my last post, I haven't had any trades done. This morning, I change the TF to 30 mins. Since then had one sell usdjpy traded +7 pips. Right now have another sell usdjpy running, so far -9 pips.

Wonder why TF of 1h has no trade?

Thanks.
Hi
Check my post #695 above. The 30M TF has approx 2x more trades than 1H, while 5M has about 10x more. Problem is there are more 100pip losses!

Andy
  • #699
  • May 15, 2009 6:37am May 15, 2009 6:37am
Hi Bernard.
Have tested this on demo with good profit, want to try it live. Do you have a number for me? [email protected]
Great job on this EA
Do you have a version 1H now?? Could you send it to me?

Regard

Oddien
  • #700
  • May 15, 2009 3:14pm May 15, 2009 3:14pm
I am also getting NO TRADEs. If anyone is getting multiple successful trades can you send some set files?
Gary
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