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THV MTF EA beta testing

  • #1,001
  • Jun 19, 2009 11:36am Jun 19, 2009 11:36am
Quoting Mandl2007
could you plz post your set file for these results
here you go..I'd like to share a few observations with fellow testers and creators here based on my observations last week:

1. I think if I used closed candle for entries many of these trades would not have been triggered by EA. I am still testing as to which option is best closed or open candle. Sure enough, open candles survived this brutal market for last couple of days..i am going to continue with them.
2. I used a small lot size which couldn't be split at partial profit so some of these trades may have run for a little longer for more profit.
3. I need to set CloseifProfit = false. So that I dont suffer a huge drawdown. I was lucky to get out early with very tight exits otherwise with these market conditions and this option open, it could easily kill the account.
4. I am a little confused about using the DailyPivotBreakeven option. Most of the time PA was hovering around DP, any suggestions how it could be set at a good pip number for these TF's?
5. I've noticed that either of the PriceCrossCoral and PriceCrossIchimoku are set to false, EA dosen't consider the trade. Has anyone observed it?
6. Next week I'll focus more on fine tuning the Order settings since entry and exits are pretty much on the track. They are not optimal as yet but requires less work then before.

No negetive trade in choppy market is very impressive result. More power to the creators of this wonderful EA.

Any thoughts/suggestions/critique is welcome
Have a great weekend all
Cheers
Kaz
Attached File(s)
File Type: txt M30G.txt   4 KB | 350 downloads
File Type: txt M15G.txt   4 KB | 346 downloads
  • #1,002
  • Jun 19, 2009 12:47pm Jun 19, 2009 12:47pm
I'm still not very happy with the solution of the BE rule refering to the DP.

I asked xux to integrate an option: don't trade x pips away from DP for a next version.
I would be happy also to have a special TP option on DP on x pips away from it (parcial or all lots).

The DP is the line in the sand in manual trading and is respected very well, that makes me to give it a special place in EA trading parameters.

The Coral and/or the cloud are elementary in THV trading and should be considered at least one of the options, the cloud rule makes that the EA filters well on choppy markets.


Quoting kaizasoze
here you go..I'd like to share a few observations with fellow testers and creators here based on my observations last week:

1. I think if I used closed candle for entries many of these trades would not have been triggered by EA. I am still testing as to which option is best closed or open candle. Sure enough, open candles survived this brutal market for last couple of days..i am going to continue with them.
2. I used a small lot size which couldn't be split at partial profit so some of these trades may have run for a little longer for more profit.
3....
  • #1,003
  • Jun 19, 2009 1:23pm Jun 19, 2009 1:23pm
@fxspeedster

thanks again - it seems now the problem of "nontrading" is resolved - after using on ODL the procedure described above I got a trade immediatly ! Now it works really - have a chance now to test the EA ! Lets move ahead !
  • #1,004
  • Jun 19, 2009 4:57pm Jun 19, 2009 4:57pm
Breakeven should not be zero. LockPips is activated after price has reached breakeven level.
Quoting letizia
I was wondering if I have the lock pips option set up ok? I do have breakeven option all at 0 and was hoping to use Lock Pips to lock in at least 5 pips.
  • #1,005
  • Jun 19, 2009 5:40pm Jun 19, 2009 5:40pm
Quoting xux99
Breakeven should not be zero. LockPips is activated after price has reached breakeven level.
Thank you Xux99 I will make the adjustments.Have a great weekend and thank you for all the hard work you and the rest of the team on the ea.I also want to thank the other testers.
  • #1,006
  • Jun 19, 2009 11:33pm Jun 19, 2009 11:33pm
Quoting cobraforex
I'm still not very happy with the solution of the BE rule refering to the DP.....
Guys..I am attaching the screen shots taken by EA for your perusal. I'll be spending my weekend figuring out what to do during flat market. It will be great if we can optimize BE rules regarding DP as most part of two days DP knocked back a lot of trades, which I recon were very risky entries. Since I didn't understand this option very well, I adjusted to take profit at the bounce backs. Not a very effective strategy by any means.

Also since markets spend 85% of their time sideways and flat, we really need to find a way to trade for small profits in these conditions without getting burned.

Please share your thoughts

Cheers
Kaz
Attached File(s)
File Type: zip usdcadM15-30_kaizasoze.zip   1.1 MB | 382 downloads
  • #1,007
  • Jun 20, 2009 3:02am Jun 20, 2009 3:02am
Quoting xux99
Breakeven should not be zero. LockPips is activated after price has reached breakeven level.
Just a little question on this. If suppose CloseifProfit = 0 BreakEvenPips=10(not using ATR based BE) and LockPips = 5,

1. Would the EA Still lock 5 pips if the trade moves 10 pips in profit?
2. If trade reverses after 10 pips in profit and iMaxCross is hit which is lower then LockPips which price would EA exit the trade at iMaxCross or LockPips?

Just trying to understand the Order settings in depth. This is my next goal after understanding entries and exits.

I am going to ask a lot of questions regarding these order settings as these are the ones which will make a difference to equity curve. Please be patient if I sound annoying.

Cheers
Kaz
  • #1,008
  • Jun 20, 2009 6:38am Jun 20, 2009 6:38am
Quoting kaizasoze
Just a little question on this. If suppose CloseifProfit = 0 BreakEvenPips=10(not using ATR based BE) and LockPips = 5,

1. Would the EA Still lock 5 pips if the trade moves 10 pips in profit?
2. If trade reverses after 10 pips in profit and iMaxCross is hit which is lower then LockPips which price would EA exit the trade at iMaxCross or LockPips?
the EA moves the SL to Entry+LockPips when PA reaches Entry+BreakEvenPips (in case of a long order) or Entry-LockPips when PA reaches Entry-BreakEvenPips. Also when the BE function is called due to partial order taking; BreakEvenPartialClose<>0

to answer your questions...
1. yes
2. LockPips

AZBOfin
  • #1,009
  • Jun 20, 2009 8:48am Jun 20, 2009 8:48am
Quoting AZBOfin
the EA moves the SL to Entry+LockPips when PA reaches Entry+BreakEvenPips (in case of a long order) or Entry-LockPips when PA reaches Entry-BreakEvenPips. Also when the BE function is called due to partial order taking; BreakEvenPartialClose<>0

to answer your questions...
1. yes
2. LockPips

AZBOfin
Thanks mate!

1. I am not able to fully understand the utility of CloseifProfit parameter. If its false would EA still take partial profits? If I set it to true, then in choppy markets it does not close in case the signal reverses eg. say iMaxCross is hit, are we are headed into deep draw down since its only going to close trades in profit? Can some one please explain the utility of this parameter.

2. Also I am not sure if it makes sense but I am going ask it anyway. How does slippage work with SRDistance and MinLevelDistance? Say if we have SRDistance and MinLevelDistance = 5 and Slippage= 3 and suppose trade is in profit long will it make a partial exit at next R+MinLevelDistance+Slippage?

3. As I understand logic of SRDistance(eg = 5) is to avoid taking entries very close to S/R, so Will EA be triggered only when EntryPrice = S/R + 5?

4. How does EA distinguish between SRDistance and DailyPivotBreakEven distance? I am planning on using DailyPivotBreakEven to not get burned around DP, my worry is if EA dosen't distinguish between the two, I might be in trouble?

I really appreciate any thoughts on this.

Cheers
Kaz
  • #1,010
  • Jun 20, 2009 11:43am Jun 20, 2009 11:43am
Quoting kaizasoze
1. I am not able to fully understand the utility of CloseifProfit parameter.
like you're saying. if CloseIfProfit is set to true and an exist signal occurs, the trade will only be closed if it's in profit. of course it has its downside, like you're mentioning. on the other hand a currently loosing trade could swing to the other side. why would you want to cut a trade short? if it goes south, that's what the SL is for and to me, loosing trades are part of the deal. it's just a question of how big and how much

Quoting kaizasoze
2.....will it make a partial exit at next R+MinLevelDistance+Slippage?
ain't got a clue.

Quoting kaizasoze
3. As I understand logic of SRDistance(eg = 5) is to avoid taking entries very close to S/R, so Will EA be triggered only when EntryPrice = S/R + 5?
the difference between the S/R line and the current price has to be bigger than the SRDistance value for the EA to execute the trade

Quoting kaizasoze
4. How does EA distinguish between SRDistance and DailyPivotBreakEven distance?
Don't know if the DailyPivot is handled differently than a "normal" SR line. somebody with source code insight could tell.

Have a great weekend
AZBOfin
  • #1,011
  • Jun 20, 2009 6:08pm Jun 20, 2009 6:08pm
2. Also I am not sure if it makes sense but I am going ask it anyway. How does slippage work with SRDistance and MinLevelDistance? Say if we have SRDistance and MinLevelDistance = 5 and Slippage= 3 and suppose trade is in profit long will it make a partial exit at next R+MinLevelDistance+Slippage?

SRDistance is used for entries only. Partial exit will occur at the next R level not at R+slippage. Slippage is the maximum pips deviation allowed from the close price. MinLevelDistance is the minimum allowed difference between entry price and the exit SR level, it is not added to the SR level to calculate the close price.

4. How does EA distinguish between SRDistance and DailyPivotBreakEven distance? I am planning on using DailyPivotBreakEven to not get burned around DP, my worry is if EA dosen't distinguish between the two, I might be in trouble?

SRDistance is valid for all SR levels and DailyPivot as well. DailyPivotBreakEven refers to DailyPivot only.
  • #1,012
  • Edited 8:56pm Jun 20, 2009 8:37pm | Edited 8:56pm
Quoting AZBOfin
like you're saying. if CloseIfProfit is set to true and an exist signal occurs, the trade will only be closed if it's in profit. of course it has its downside, like you're mentioning. on the other hand a currently loosing trade could swing to the other side. why would you want to cut a trade short? if it goes south, that's what the SL is for and to me, loosing trades are part of the deal. it's just a question of how big and how much
Thanks AZBOfin..that makes more sense to me now. I am certainly going to use CloseifProft to maximize the runs for trades. As for the ones which reverse on me I'd make use of the breakevenpips function to activate lockpips. That way I am giving a trade ample time to run and got a cushion against its reverse move too. I hope what I said makes sense. Still intial stages..

Quote
SRDistance is used for entries only. Partial exit will occur at the next R level not at R+slippage. Slippage is the maximum pips deviation allowed from the close price. MinLevelDistance is the minimum allowed difference between entry price and the exit SR level, it is not added to the SR level to calculate the close price.
Great..got it!

Quote
SRDistance is valid for all SR levels and DailyPivot as well. DailyPivotBreakEven refers to DailyPivot only.
I am going to start using this function from hereon. Nearly got killed last week without it.

Big thanks for explanation guys. Saves a lot of mental energy, which is already running sub-zero levels. Off to understanding the trailing stops better. Expect some questions on that soon...

Cheers
Kaz
  • #1,013
  • Jun 21, 2009 9:18am Jun 21, 2009 9:18am
Quoting bwk9087
from post 538

http://www.forexfactory.com/images/icons/icon1.gif Changing *.txt to *.set...
What the use of this? You can see any extension u want with right click on file and than click on setting. Much faster if u only want one file to check, and more clearly.

Tip for the people with problem to change .txt to .set
Use Editor and when u do save as, make sure Datatype : all is set. Than u can put any extension u want at the end of the file name. In ur case .set
  • #1,014
  • Jun 21, 2009 10:10am Jun 21, 2009 10:10am
Hi Fellows,

I am new here I use to use the manually method and I spent last 48 hrs to read all the 68pages of EA section.

Now I think I want to give it a try to setup the EA myself but I have a few questions here and there, hopefully someone can give me a hand.

I have difficultly to define "Coral" and "Ichimoku Cloud", I have attach the picture with the template from the first post, I want to use the "white" arrow pointing area for trade NOT the "red".

What Is the "white" area call? "Coral" or "Cloud"

Thanks a lot.

Jason
Attached Image (click to enlarge)
Click to Enlarge Name: thvea.gif Size: 30 KB
  • #1,015
  • Jun 21, 2009 10:25am Jun 21, 2009 10:25am
For my UJ60 and UJ240 project I have found that the following entry conditions work pretty good:

- cross of cloud @ a min. of 10 pips
- confirmation by fasttrix in the same direction

as for the exit strategy, i am relying solely on S/R levels and the imax cross. i am taking profits 1/3, 1/3 and 1/3.

@XUX99
would it be possible to close trades based on S/R levels on the main levels only and skip the mid points? i have a feeling that a trade could run much longer this way - especially for higher TF's.

i am also playing around with different setups of trailing stops. it seems that if a trail is active the other exit conditions are honored as well.
could you implement a switch to turn this off? when a trail is active i'd like to have it run and run and run until it reverses and the SL gets hit.

AZBOfin
  • #1,016
  • Jun 21, 2009 10:32am Jun 21, 2009 10:32am
@Jason

The thingy you have market with the red arrow is the gartley indicator. You may delete it from your chart if you don't use the pattern recognition. The thingy you have market with the white arrow is the "cloud". you want to use that one for sure.

The coral is the thin swinging line that changes from green to red to green in the mid of your chart.

AZBOfin
  • #1,017
  • Jun 21, 2009 11:08am Jun 21, 2009 11:08am
Quoting AZBOfin
@Jason

The thingy you have market with the red arrow is the gartley indicator. You may delete it from your chart if you don't use the pattern recognition. The thingy you have market with the white arrow is the "cloud". you want to use that one for sure.

The coral is the thin swinging line that changes from green to red to green in the mid of your chart.

AZBOfin
Thank you so much for your fast response, now I can keep going for setting before market open.

Thanks a million.

P.S. Do you mind to explain what is "imax cross" in "exit condition"? I can't understand even after read the manual
  • #1,018
  • Jun 21, 2009 11:34am Jun 21, 2009 11:34am
Quoting lgygt
P.S. Do you mind to explain what is "imax cross" in "exit condition"? I can't understand even after read the manual
by setting iMaxCross=true a trade will be closed at a cross of the imax indicator lines.

to read about the iMax indicator you want to go here or go here.

AZBOfin
  • #1,019
  • Jun 21, 2009 2:51pm Jun 21, 2009 2:51pm
I shall add these features to the next version.

Quoting AZBOfin
@XUX99
would it be possible to close trades based on S/R levels on the main levels only and skip the mid points? i have a feeling that a trade could run much longer this way - especially for higher TF's.

i am also playing around with different setups of trailing stops. it seems that if a trail is active the other exit conditions are honored as well.
could you implement a switch to turn this off? when a trail is active i'd like to have it run and run and run until it reverses and the SL gets hit.

AZBOfin
  • #1,020
  • Jun 21, 2009 5:15pm Jun 21, 2009 5:15pm
Here are my results for the EURUSD 15m and 30 min, London to NY, for the week ending 6/19/09. The lots of .11 are the 30 minute set and the .10 are the 15 min set. I am disturbed by the posts about Alpari as I am using an Alpari US demo account. I will need to evaluate the results a little more to see if there is something about the broker or may be a better channel trading set file.

Looks like the week was pretty flat for the ATR was only 267 pips.
Attached File(s)
File Type: zip WO 6199 results and set files.zip   77 KB | 307 downloads
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