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Attachments: THV MTF EA beta testing
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THV MTF EA beta testing

  • #1,101
  • Jun 27, 2009 2:56pm Jun 27, 2009 2:56pm
Just as when ver. 06 was posted with a basic .set file - ver. 07 needs one as well. We need a basis to start to build from with a change here and there. If we start with too many changes to the default options settings this will become like the "Tower of Babel". Cobraforex please post your M5 07 .set file and we can use it as the basis to start forward testing on 07. Thank you.
If it backtests good run it live!
  • #1,102
  • Jun 27, 2009 5:00pm Jun 27, 2009 5:00pm
1. 0 and 1 means this setting is not used. 2 means that the first exit should occur before the indicators or levels exits are enabled. In this case they can trigger the second or later exits. This is useful if you don't want an indicator or level to cause a premature exit, you can set a take profit and once it is hit and have some profit the rest exits can be enabled.

2. 0 means it is not used, 1 means only one psych level is used, 2 means if a psych level triggers an exit the next psych level can also trigger a later exit.

3. No, the previous candle is always a closed one. Fresh signal means that the entry rules were not valid at the previous candle. It is used to avoid late entries.

4. It is first come first serve basis. Up to two take profit levels can be used, the EA automatically makes the first exit at the first smaller one and the next exit at the next take profit level.

Quoting kaizasoze
eg one condition could be: 1+0+0 = Entry+OpenCandle+Notusedforexit. Its same as Trix and Cloud histos.

I have a couple of questions about the new functions:

1. What values does IndicatorsExitPriority and LevelsExitPriority take? How is priority defined? Is it 0= Not used , 1= Level1 etc?

2. How is PriceTouchPsychLevel defined? Is it 0=not used, 1= Level1?...
  • #1,103
  • Jun 27, 2009 5:22pm Jun 27, 2009 5:22pm
WL, you are one of the first traders which learned THV trading when we just started and I'm sure that you have the knowledge to manage the EA in the best way you can at the moment, but others don't have even a clue where to start setting up the parameters, isn't it like that?

If this EA blows one account after the other, the THV system's image is in danger, the manual system is aproved and many very experienced traders use it for better visibility of PA with great success.

That is one reason that I want to have good setups (at least one) which can keep an account at least in BE over a long period, this settings will be the default ones at release of the final and live tradeable THV EA.

There is still a lot to do, as I mentioned in a previous post, I am trying to integrate a historical S&R indication. At this particular moment it is the main reason for bad trades, PA gets back to a previous high/low and takes a trade just in that area, than PA bounce back again and hit SL.

I'm experimenting the level trade indicator and it gives me good results so far. Once that I (and other active testers) think it's the best method to avoid those trades we will talk with xux asking him for the favor to integrate it.

As you see in the latest v0.7 improvements, we are coming closer to good trading results, we don't have the DP problem anymore which had about 20% of the fault of bad trades.

If you really are with the decision to trade live an EA which is still in developement let me know and we find a way.

Have a good one

Quoting Wlfx

If the majory want to work it live I'll talk with xux to unlock it - How about only me or people who wants to trade live with EA?Why majority ?

I don't wanna hear someone crying 'cause Mr. Margin was calling - Do you guarantee that after unlocking EA no one will have a margin call ?

Dear Cobra...Please correct me where i am wrong ?
  • #1,104
  • Jun 27, 2009 5:33pm Jun 27, 2009 5:33pm
EA trading will be different as the bot treats every trade which is triggered the same.

For me in manual trading every position is like a fingerprint, unique and I treat it different than a similar, previous trade.

That is the big difference between bot and trader but both have something positive on their side, the bot avoids emotions and the traders uses additional informations which are difficult to code.

Quoting Wlfx
AMS, IMO...
But i do not see how this is related to automate your manual THV trades.
  • #1,105
  • Jun 27, 2009 5:42pm Jun 27, 2009 5:42pm
Here another example, how you wanna tell the EA to trade this chart?

I'm not only refering to divergence trades, but once you trigger a divergence you will go to see the candlestick situation in higher TF's, possible S&R levels in those area or financial rumors which could affect the trading direction or it's holidays etc.

So, as the EA isn't intelligent we need to find other mechanical ways to tell him when to step in and out.
Attached Image (click to enlarge)
Click to Enlarge Name: div eu 1h.gif Size: 38 KB
  • #1,106
  • Jun 27, 2009 6:10pm Jun 27, 2009 6:10pm
Did someone found a good profitable combination of parameters ..?
  • #1,107
  • Jun 27, 2009 6:15pm Jun 27, 2009 6:15pm
a lot atempts have been here - for instance see the posts of "adrazz" (1+5M), "kaizasoze" (15/30M), "isweeney" (1H) and "flyingnutjob" all in this thread - but unfortunately no one has so far a really working set file posted here. May be some new proposals will come trying the new EA 07 ?
  • #1,108
  • Jun 27, 2009 6:22pm Jun 27, 2009 6:22pm
Here an example on the level issue, I would never, not even a 9mm pointing at me, take this trade, but we will find a way to avoid it, that's for sure.

Quoting cobraforex
There is still a lot to do, as I mentioned in a previous post, I am trying to integrate a historical S&R indication....
Attached Image (click to enlarge)
Click to Enlarge Name: ea level.gif Size: 47 KB
  • #1,109
  • Edited Jun 28, 2009 12:05am Jun 27, 2009 11:51pm | Edited Jun 28, 2009 12:05am
I am not sure what you are getting into here. I'll answer your questions.

I do trade THV but not exclusively, I include bar analysis and other technical trading tools.
I don't think any trader worth his salt would take entries without analyzing them, that's just basics of trading.I do that as well.
We are getting the EA to look for best possible entries and exits..look at how many things it checks(now even better with new set of functions) before taking entries. We are making it better with every version. May be in future we can include historical S/R levels and fibos as well..

Mate, my only concern is that it is going to blow a lot of newbie accounts! Simple thing is we as yet do not have a profitable setting that we can even set as base for live EA trading but we are improving with every version. I am still not clear on your motivation for live trading though..

I'll give you one example where I can see improvement from previous version..the time frame I am testing 15-30 on USD/CAD 60% of trades that closed at LockPips were entries around mid-pivots and exited prematurely .With this new feature we can improve on that. Also, almost all the trades around daily pivot were knocked back into -ve pips.This is improvement also in new version.

Every seen EA? This is the first and last one i'll ever be trying simply coz its fundamentally sound and I believe we can,with time make, it profitable.

Kaz

Quoting Wlfx
Hi kaizasoze. Just a question to you....Do you ever manually trade THV ?If yes "classic/basic" or MTF version(MissPips) ? If your answer is yes, i am sure you must trade though....ANALYZE higher TF's, draw TL's, Fibs, S/R lines etc etc, then tune your entry at smaller TF with THV "template"....All THV Team will reply to this that this procedure is required to be profitable with THV. Now question...Does this EA do this job for you...? What are you trying to find here ? Do you not have enough patience to demo trade it with unlocked version instead...
  • #1,110
  • Jun 28, 2009 12:02am Jun 28, 2009 12:02am
XuX..makes it even better with this new version. Keep up the good work.
Cheers
Kaz

Quoting xux99
1. 0 and 1 means this setting is not used. 2 means that the first exit should occur before the indicators or levels exits are enabled. In this case they can trigger the second or later exits. This is useful if you don't want an indicator or level to cause a premature exit, you can set a take profit and once it is hit and have some profit the rest exits can be enabled......
  • #1,111
  • Jun 28, 2009 12:29am Jun 28, 2009 12:29am
Thanks Cobra for the newer version of THV EA, Good to see the option of extra take profit levels, not sure if the option I asked for where the EA is restricted to the number of trades per session has been added. I have left the V6 running even though the results have not been shown on here for a week or two, but will post results with V7 at weeks end.

Cheers

Quoting cobraforex
Hi EA folks

here we have the new version of the THV EA.

I want to say once more thanks to xux99 for his inconditional and professional help on this project, xux you're just great and you deserve much more than we ever can give back.

Here the news which xux wrote in our developement forum:

New features of this version:
All indicators based entries and exits can be based on closed or unclosed candle.
SRDistance: It doesn't include the daily pivot.
DailyPivotDistance: No orders are opened if distance from the daily pivot is less than...
  • #1,112
  • Edited 4:18am Jun 28, 2009 3:44am | Edited 4:18am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I agree.

Wlfx, I can only say you will see lot of people posting good results etc but you will never be able to see any "shared" .set of files posting 65-70 percent right trades.

Even if you are UP "only 6 percent every month CONSISTENTLY" you are eventually UP 100 percent in one year!! Compound income.

So if you start with 1000 dollar investment@20 percent per month = 1200 for the first month, seems easy right?

You will eventually end up with 8916 at the end of year!! 900 percent. PHEW!!


Who would (they will keep it for themselves)/ OR could post that kind of .set files on this forum or anywhere :-)

If they can achieve this, they will be asked by the bankers to join them and earn them money and take bigger risks and make millions for themselves :-)


It's not a joke. Even the hedge funds cannot do it :-)

Take my word for it and watch it for yourself.

On the practical side, I don't have any high expectations. I am only looking for .set of files which can give me 10 percent every month consistently. I am a happy bunny even in that :-)



ams



Quoting Wlfx
AMS, IMO...

Trying to find profitable entries based on huge parametres of this EA. But i do not see how this is related to automate your manual THV trades. As i mentioned a post above EA cannot do any kind of ANALYSE job...well this is just for now. I want to mention that when i started to trade THV and start posting my failing trades, i every time get an answer from THV team members that is about to blow my account if i do not do any kind of analyze(i hate analyzing) and going with every setup. I think this is why we do not have basline file,...
  • #1,113
  • Jun 28, 2009 9:52am Jun 28, 2009 9:52am
hmmm I wouldn't agree with you 100% , because CiberEvil posted his set file somewhere here, and his settings are working pretty good...

Quoting ams
I agree.

Wlfx, I can only say you will see lot of people posting good results etc but you will never be able to see any "shared" .set of files posting 65-70 percent right trades.

Even if you are UP "only 6 percent every month CONSISTENTLY" you are eventually UP 100 percent in one year!! Compound income.

So if you start with 1000 dollar investment@20 percent per month = 1200 for the first month, seems easy right?

You will eventually end up with 8916 at the end of year!! 900 percent. PHEW!!


Who would (they will keep it for themselves)/...
  • #1,114
  • Jun 28, 2009 10:19am Jun 28, 2009 10:19am
Here are my results from last week EU 15m and 30m, London to NY sessions.There was a better gain than the past but still only about 50% winners. Maybe I should stay on Holiday! Can someone send me a link to an explanation of the MTF settings? Specifically I do not fully grasp the MTF_TrixHisto Settings in the set file. I do not think that these settings are directly related to the 50% win rate but an understanding may help.

I have looked over the new 0.7 version and my head is spinning. Its is spinning not only for the added features but the amount of work that the crew has put in. Tip of the hat to the THV team!!

I am still looking over the set file for the new version and I will post it once I better understand the exit additions.
Attached File(s)
File Type: zip WO 6219 results and set files.zip   77 KB | 339 downloads
  • #1,115
  • Jun 28, 2009 10:53am Jun 28, 2009 10:53am
[quote=cobraforex;2834003]We lock it to protect newbees account and I thought it's a good idea to do so.

....

I would support keeping the EA locked (not to go live). We are still testing. Many people dropped from the original list of testers which gives you a pretty god idea of how many people are still willing to ...work. There are still questions/confusion about the functions existing in the version 6 and more that will come for the version 7.
I am not personnally happy with the results I got from the currency pair I tested.
Some testers are more knowledgeable than others but we see as well a number of new members popping on on this thread asking the EA + set files to trade live while knowing very little about the "beast".
There is still a lot of hard work to do. If one would have to err, I'd like to err on the safe side.
  • #1,116
  • Jun 28, 2009 11:06am Jun 28, 2009 11:06am
Attached are the results of my demo account with FXCM last week Trading EUR/USD M5, M15, M30, H1 & H4. Overall 5% return on 10K account. Not too shabby. I would take that every week, even with the losses. I've also attached the set files

I can't post the results from MBTraders, as their MT4 platform is currently down AGAIN. A lot this week. Very unstable. I don't recommend it, and am going to drop it. I will post when I get it up, but I think I will stay with FXCM for now, and open a demo with another MT4 broker to start trading with the new V07, using the same time frames, same pair, same Bat Channel.

I don't know how V07 can be much better, at least for EUR/USD in these time frames.

Thanks to Cobra, XUX, Karan, and all of you from whom I've stolen and borrowed set files, ideas, and knowledge.
Attached File(s)
File Type: zip Reports_FXCM_0621to0627.zip   8 KB | 344 downloads
File Type: zip Dutch062809.zip   6 KB | 310 downloads
The Flying Dutchman
  • #1,117
  • Edited 1:51pm Jun 28, 2009 1:01pm | Edited 1:51pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I don't mind you or anyone else not agreeing with me. Infact I appreciate it. It opens an opportunity for debate and make things better.
I will be more than happy if I am proven wrong as I will be a winner at the end of it by having something which makes good money without me watching it :-)

I have mentioned 20 percent consistent profit "WHICH MEANS 70 percent right trades 50 percent for BE + 20 percent more, every month for 1 year" OR for "atleast 6-8 months" forget about 1 full year!!

Look at results from flyingnutjob. It's still 5 percent and that is just one week of test.
I know it's a begining and this can be improved and it will, but, the real test is not 1 week. It's for months.

We shall see if that can happen consistently!

The whole point is, don't set expectation too high, even if you/we can get .set file which can give 10 percent right trades (50 BE + 10 more) every month, be more than happy. However, if somehow we can get 20 percent on top of 50, that will be fantastic, who would mind 900 percent profit isn't it.

I have a reasonable size account and I know I would be happy to get 10 percent every month on it.




ams



Quoting Vitaliy
hmmm I wouldn't agree with you 100% , because CiberEvil posted his set file somewhere here, and his settings are working pretty good...
  • #1,118
  • Jun 28, 2009 1:44pm Jun 28, 2009 1:44pm
I am also running tons and tons of backtests in order to find a good set. I can't seems to satisfy myself with some of the loses even though I know they will happen regardless.

I'm trying to find a set that is very simililar to my manual trading of this system. I did some manual trading where I trippled the acount in a backtest in 21 trades and I"m trying to achive the same or in the ball park with this EA. That would be really nice. If I could do it manually, I should be able to do it programatically..

Quoting cobraforex
We lock it to protect newbees account and I thought it's a good idea to do so.

If the majory want to work it live I'll talk with xux to unlock it, but:

I don't wanna hear someone crying 'cause Mr. Margin was calling.

I have it run on live but ONLY when I'm in front of the screens as I don't have a set yet with which I could sleep well while the bot is trading.

Let me see if I can post later an 5M example of Version0.7, I'm still backtesting these.
  • #1,119
  • Jun 28, 2009 2:05pm Jun 28, 2009 2:05pm
Quoting cyberevil
I am also running tons and tons of backtests in order to find a good set. I can't seems to satisfy myself with some of the loses even though I know they will happen regardless.

I'm trying to find a set that is very simililar to my manual trading of this system. I did some manual trading where I trippled the acount in a backtest in 21 trades and I"m trying to achive the same or in the ball park with this EA. That would be really nice. If I could do it manually, I should be able to do it programatically..
Your manual system is based on THV? if so you should be able to translate it into a set file and backtest it.
  • #1,120
  • Jun 28, 2009 2:23pm Jun 28, 2009 2:23pm
I've continued to adjust various settings and have also looked at some other H1 and H4 set files that have been posted here. This past week I did get a few more trades on the H1 than usual, but mostly small winners and one or two big losers that put my total in the negative.

The H4 chart has continued to be rather stubborn, hardly trading at all.

I look forward to trying out V0.7 this coming week to see what that may bring.
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