THV MTF EA beta testing | Page 19 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

THV system, final edition 26,001 replies

MTF Stochastics into MTF Stoch Histogram 8 replies

THV ind 8 replies

My Journal - Based on THV V3.0 by Cobraforex 30 replies

THV RSI_V2 with Alarms --- need help! 6 replies

Attachments: THV MTF EA beta testing
Exit Attachments

THV MTF EA beta testing

  • #361
  • May 26, 2009 6:33am May 26, 2009 6:33am
Xux99 - you are the man

Thanks for your explanations.
  • #362
  • May 26, 2009 8:10am May 26, 2009 8:10am
Quoting WackyRacer
All,

I have been successfully trading with the pattern indicators turned off.

My entry criteria are

6 lights
Trix Cross
Fast Trix in same direction.

Cheers

WR
Could you post your set file or a screenshot of the properties?

Thanks in advance.
  • #363
  • Edited 9:03am May 26, 2009 8:40am | Edited 9:03am
Well, mine isn't perfect neither but working on it.

Let's look at a loser:

The EA took a trade 12 pips away against the DP.

I will talk with Xux if we can get an option that the EA trade against the DP ONLY if there is room enough for our BE settings.

Let's say we set BE after 22 pips, the distance of the entry price needs to be at least 22 pips away from the DP, a test of it would activate BE and we don't lose like in this trade.

Next trade was a nice winner.

Quoting goldsurfer
Hmmm. well I know I understand THV pretty good, not as good as you but I sure did figure out 8-10 defs of parameters and got the confidence to make my own sets by looking at yours. Lot of parameters and combinations,
I think it helps to look at "winning" sets. Just my two cents, worth only about 1 cent actually
Attached Image (click to enlarge)
Click to Enlarge Name: ea13.gif Size: 59 KB
  • #364
  • May 26, 2009 10:04am May 26, 2009 10:04am
Quoting cobraforex
Well, mine isn't perfect neither but working on it.

Let's look at a loser:

The EA took a trade 12 pips away against the DP.

I will talk with Xux if we can get an option that the EA trade against the DP ONLY if there is room enough for our BE settings.

Let's say we set BE after 22 pips, the distance of the entry price needs to be at least 22 pips away from the DP, a test of it would activate BE and we don't lose like in this trade.

Next trade was a nice winner.
Did you try the SRDistance setting? This can help to avoid opening a trade near to any SR (not just DP) by a "X" number of pips.
  • #365
  • May 26, 2009 10:30am May 26, 2009 10:30am
Yes karun, I use that settings with 6 (on 5M) but the DP is something more special and much stronger than any other pivots, that's why I think we need to have a separate rule (parameter) for it.

Any suggestions welcome.

Here another nice trade (the red ellipse is the trade we talking about, the only negative one in this week)
Quoting karun
Did you try the SRDistance setting? This can help to avoid opening a trade near to any SR (not just DP) by a "X" number of pips.
Attached Image (click to enlarge)
Click to Enlarge Name: ea14.gif Size: 56 KB
  • #366
  • May 26, 2009 10:34am May 26, 2009 10:34am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Xux, CobraForex,

I know you guys are working hard on this EA and presently this is under development, considering demo EA has expiry date, when do you think the EA to be available for live trading?

Also, pardon me for my ignorance but will it be distributed or do we have to purchase it?



Thanks
ams
  • #367
  • May 26, 2009 10:40am May 26, 2009 10:40am
Once we find (with the help of the FF members) good, profitable sets we will post the EA unlocked for free. The time depends on how good and fast you folks are working.

We lock it during the test drives to protect you from yourself.

This is a teamwork and the Team has no commercial interests.

Quoting ams
Xux, CobraForex,

I know you guys are working hard on this EA and presently this is under development, considering demo EA has expiry date, when do you think the EA to be available for live trading?

Also, pardon me for my ignorance but will it be distributed or do we have to purchase it?



Thanks
ams
  • #368
  • May 26, 2009 11:00am May 26, 2009 11:00am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Well said, thanks for the response mate!!

I appreciate honesty and dedication of the THV team but there is one thing and I would like to get it off my chest, as I know for sure if any EA becomes profitable it's a headache for the brokers and they start practising nasty trades, not they don't do it anyways:-)

Wouldn't this be a problem when everyone is using the same EA available freely for everyone?

I might be wrong as I do not understand the EA (system design) but just a thought.


thanks
ams


Quoting cobraforex
Once we find (with the help of the FF members) good, profitable sets we will post the EA unlocked for free. The time depends on how good and fast you folks are working.

We lock it during the test drives to protect you from yourself.

This is a teamwork and the Team has no commercial interests.
  • #369
  • May 26, 2009 11:28am May 26, 2009 11:28am
Karun,
I have followed the thread of the THV3 indicator and now the work done for an EA. I have been trading for about 3 years now with the last 18 months full time.
My broker is an ECN, not market maker. This broker, MBTrading, has made some work to have their data feed linked to MT4 (not live yet though, only beta version and demo).
From the many posts I see in this thread, it seems that the very large majority, not to say all the posts, use regular market makers brokers/platforms. An ECN broker does not have the requote problem that was reported last week. The trader deals with the banks directly and the broker gets a commissions (the spreads are not fixed and vary depending on market conditions).

Is there as way I could be added as a tester and provide feedback from a MT4/ECN type of broker ?

Thank you





Quoting karun
All-

Based on user replies, I have prepared a list of Users mapped to currency pair / tf . I'm also working on User Guide for the EA to have more detailed explanation of the settings. That might take a little more time (May be couple of days), Once done I'll publish both the lists and we can take this forward from there.

With Monday being holiday in UK and US, the liquidity is going to be very low, so either dont trade or trade very very safe.

Thanks!
  • #370
  • May 26, 2009 11:44am May 26, 2009 11:44am
Quoting Whitespire
Karun,
I have followed the thread of the THV3 indicator and now the work done for an EA. I have been trading for about 3 years now with the last 18 months full time.
My broker is an ECN, not market maker. This broker, MBTrading, has made some work to have their data feed linked to MT4 (not live yet though, only beta version and demo).
From the many posts I see in this thread, it seems that the very large majority, not to say all the posts, use regular market makers brokers/platforms. An ECN broker does not have the requote problem that was reported...
Hi Whitespire,

I dont have problem adding you as tester, but my problem is with MBT's demo platform. As you are aware, the EA is locked from working on live platforms.

The problem I have with MB Trading demo is, it is near useless for any solid long term EA testing, since they keep updating the demo environment. Even thier beta platform shows some spikes / drops which I do not see in any other platform. We will need to wait for MBT to have a stable demo platform before we can test on them.

That said, if the EA works well with Market Makers it should definitely work with ECNs.

Thanks
  • #371
  • May 26, 2009 12:36pm May 26, 2009 12:36pm
Karun,
Yes, the Demo MBT data feed has some hick ups. Makes complete sense to wait. I have my old MT4 platform linked to another regular broker.
As a trader, adding the THV helped me to decrease by about half the number of losing trades this is why I would love the opportunity to give back to this community.

[quote=karun;2757666]Hi Whitespire,

I dont have problem adding you as tester, but my problem is with MBT's demo platform...
  • #372
  • May 26, 2009 8:56pm May 26, 2009 8:56pm
Whiteshire,
Just an unrelated question. I use several MT4 Brokers. I also have an account with Interactive Brokers. You said you have MT4 linked to a regular broker. Do you mean like Interactive Brokers. I sure will like to know if it is possible to link
MT4 to IB . Anyone else know ?

Watube
  • #373
  • May 26, 2009 9:40pm May 26, 2009 9:40pm
All -

I have compiled the list of beta testers(this list is based on users showed interest in beta testing), thier currency pairs and tf to test. The currency pairs / TF's may not be what was asked by some, please bear with me in that case.

Here are some of the things for us to go over.

Each tester has 2 TF to test.
We will use 2 instances of MT4 for this testing, one of each TF. (You can install the 2nd instance in a different folder name). This will help us in tracking each TF performance more clearly.
We will start with $10,000, and with .10 lots (10,000 units).
We will use leverage of 1:100 (even if the broker give 1:500, please select 1:100).
We will start testing from next week open (Sunday Eve, 31st Eve NY Time).

To start with, we will concentrate on entries and exits. Then we will move on to optimizing the trades and so on.

I'm still working on that updated user guide, it should be ready in a day or two, till then bear with me on that.

If you have any questions, please let me know.
Attached File(s)
File Type: xls THV EA v05 - Testing Phase 1.xls   22 KB | 578 downloads
  • #374
  • May 26, 2009 9:56pm May 26, 2009 9:56pm
I just read your Excel file and I was woundering what "Preferred Trading Times" colum for if EA is running 24/5 ? Will you give us a .set files for testing or we will start from default settings ?
  • #375
  • May 26, 2009 10:17pm May 26, 2009 10:17pm
Quoting watube
Whiteshire,
Just an unrelated question. I use several MT4 Brokers. I also have an account with Interactive Brokers. You said you have MT4 linked to a regular broker. Do you mean like Interactive Brokers. I sure will like to know if it is possible to link
MT4 to IB . Anyone else know ?

Watube
What I meant by regular broker is a market maker (IBFX, FXCM, etc). I am not aware of IB using MT4.
The ECN brokers are the minority and I know 4 of them only.
  • #376
  • May 26, 2009 11:26pm May 26, 2009 11:26pm
Quoting Vitaliy
I just read your Excel file and I was woundering what "Preferred Trading Times" colum for if EA is running 24/5 ? Will you give us a .set files for testing or we will start from default settings ?
The Preferred Trading Times column is suggested trading zones for the specified pair / tf. This is to avoid unvolatile / less liquidity times. You can either manage this manually or set the Trading Hours times so that EA can manage itself.

I'll provide a basic guidelines to start with and we can take it forward from there.

Hope this helps
  • #377
  • May 26, 2009 11:33pm May 26, 2009 11:33pm
Ok sounds great, at this point I'm testing settings posted by one of the members here pretty successfully, I will post report at the end of the week with all trades.
  • #378
  • May 27, 2009 1:00am May 27, 2009 1:00am
Quoting karun
Hi Whitespire,

I dont have problem adding you as tester, but my problem is with MBT's demo platform. As you are aware, the EA is locked from working on live platforms.

The problem I have with MB Trading demo is, it is near useless for any solid long term EA testing, since they keep updating the demo environment. Even thier beta platform shows some spikes / drops which I do not see in any other platform. We will need to wait for MBT to have a stable demo platform before we can test on them.

That said, if the EA works well with Market Makers...

I have a live account with MB Trading, and so I am anxious to test the EA on MB Trading Demo platform. However, my EA setting has not generated a single trade on MB platform in last 4 trading days, even when same setting has been able to generate trades on Alpari demo platform.
  • #379
  • May 27, 2009 5:46am May 27, 2009 5:46am
Hello THV Team. I have some suggestions...I do not know how it is possible or not , anyway i'd like to ask.

Is there a possibility to add an option for fast Trix do not open order imediatly when lets say 4 MTF histo bars are in agreement. As i know(and trade though) we are waitng for higher TF for a trade setup to occur and then swith to smaller TF and take entry there, for ex. waiting for 15M Trix setup and taking entry on 5M or 1M. In attached picture is where 5M setup occurs and entry was taken on 1M. Also a little break of rules, i take entries when fast trix change its color above zero for SELL and BUY when it changes color below zero. There is an option for above below zero for fast Trix but we can't change it for sayed above. It will be good to specify these options too. What do you think ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: tr1.gif Size: 31 KB
Click to Enlarge Name: tr5.gif Size: 31 KB
  • #380
  • May 27, 2009 6:14am May 27, 2009 6:14am
Quoting kerty9
I have a live account with MB Trading, and so I am anxious to test the EA on MB Trading Demo platform. However, my EA setting has not generated a single trade on MB platform in last 4 trading days, even when same setting has been able to generate trades on Alpari demo platform.
I have posted my opinion about MBT demo platform earlier. I have had that problem with many EA's, where it will trade on other platforms and not on MBT. I was not able to figure out why, so I have moved on from thier demo platform.
1 trader viewing now