FrankenPip's C4 EA --- Would appreciate help | Page 6 | Forex Factory

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FrankenPip's C4 EA --- Would appreciate help

  • #101
  • Sep 1, 2009 11:55am Sep 1, 2009 11:55am
Quoting dryclean
I saw that too although I'm not a programmer I changed it to ask and the ea didn't work
just my opinion
Hi dryclean
Very strange ...
With "ask" , the EA is working for me but the backtests are yet bad.
  • #102
  • Sep 1, 2009 12:06pm Sep 1, 2009 12:06pm
the "Bid >=" is neccessary to assure the blue line rule is followed.... you can change it to Ask >= or ask*Point >= ....... make sure the text is exactly so.....

doing so will give many trades where the blue line rule was not followed.... so you must decide which rule carrys more weight with you......

pardy had suggested an input allowing the user to switch between.....h
to trade and code, keep both simple... no call to impress....h
  • #103
  • Edited 5:19pm Sep 1, 2009 4:28pm | Edited 5:19pm
Hi,
backtest which I made today on AM demo account from 1.06.09 to 15.06.09 with 20 pip tp and 30 pip sl on EURUSD 1h chart:

http://img27.imageshack.us/img27/462...61506ff.th.jpg

in my opinion the weakest link of EA appears during the long-term trends in one direction,then I noticed many lost positions,
cheers, siem
bOOm!
  • #104
  • Sep 1, 2009 10:35pm Sep 1, 2009 10:35pm
Here are some demo forward test results for those who are interested.
Test done on IBFX on four pairs over a period of about 16 hours.
Pairs traded:
EUR/JPY (spread 4)
EUR/USD (spread 3)
GBP/USD (spread 4)
USD/JPY (spread 2)

1. EUR/JPY
43 trades - 13 winners, (9 long, 4 short)
- 30 losers

2. EUR/USD
27 trades - 15 winners (5 long, 10 short)
- 12 losers

3. GBP/USD
50 trades - 27 winners (15 long, 12 short)
- 23 losers

4. USD/JPY
21 trades - 11 winners (9 long, 2 short)
- 10 losers

The big spread is certainly one of the problems with this system, so finding a broker with 1 - 2 pip spread is a must.
Interestingly, the EUR/JPY that we all favour had the largest percentage of losers.

Has anyone had success trading this EA with a 5 digit broker???
I have now tried 3 brokers and no-trade on any of them. Can someone suggest a 5 digit broker that I can try for demo, as none of the ones I have work.

Let us keep developing, as I believe there is some potential with this system.

PipBear
  • #105
  • Sep 1, 2009 10:50pm Sep 1, 2009 10:50pm
I wonder if it were prudent to consider a change of name for this thread so it does not end up in the recycle bin like its little brother, the C4 manual trading thread, owing to the fact that FrankenPip has been banned, as someone discovered that he was not who he said he was.

It sure is hard to know whom you can trust on these forums!

I guess the only thing one can do is exercise caution at all times, and watch out for the RAT so he does not get you!!!

PipBear
  • #106
  • Sep 2, 2009 12:15am Sep 2, 2009 12:15am
Quoting PipBear
Here are some demo forward test results for those who are interested.
Test done on IBFX on four pairs over a period of about 16 hours.
Pairs traded:
EUR/JPY (spread 4)
EUR/USD (spread 3)
GBP/USD (spread 4)
USD/JPY (spread 2)

Has anyone had success trading this EA with a 5 digit broker???
I have now tried 3 brokers and no-trade on any of them. Can someone suggest a 5 digit broker that I can try for demo, as none of the ones I have work.

Let us keep developing, as I believe there is some potential with this system.

PipBear
PipBear,
My results with E/J (1.5 pips on busy hours, ForexPro, 5 digits) are good but with the settings that I described previously (see post #81).
I would suggest that people providing us with back- or forward-testing to also provide settings (TP, SL, only long, only short, etc...) so that we can compare apples to apples.

Regards,
Kostas
  • #107
  • Sep 2, 2009 12:20am Sep 2, 2009 12:20am
Quoting PipBear
I wonder if it were prudent to consider a change of name for this thread so it does not end up in the recycle bin like its little brother, the C4 manual trading thread, owing to the fact that FrankenPip has been banned, as someone discovered that he was not who he said he was.

PipBear
Good suggestion, but since we haven't been binned, we should be OK. The site managers are probably checking on the thread starters and so far I am looking good.
By the way, if you have 2,000,0000$ to spare I can trade them for you with this EA and return 0.01$ to you in 2 weeks.
  • #108
  • Sep 2, 2009 12:59am Sep 2, 2009 12:59am
Quoting kostas1
Good suggestion, but since we haven't been binned, we should be OK. The site managers are probably checking on the thread starters and so far I am looking good.
By the way, if you have 2,000,0000$ to spare I can trade them for you with this EA and return 0.01$ to you in 2 weeks.
Count me in, sounds great
Regards
PipBear
  • #109
  • Sep 2, 2009 3:26am Sep 2, 2009 3:26am
Quoting kostas1
My results for today (13 winners, 2 losers, 6TP/18SL, E/J, 8:00-18:00 trading, only long, FxPRO). All winners were above SMA(6) and my losers below, which is why I suggested the filter.....
Hi Kostas
Here is the backtest of August with your settings.
In my opinion, this EA needs one or several filters to improve it.
Or the system is bad....
Attached Image (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 122 KB
  • #110
  • Sep 2, 2009 3:47am Sep 2, 2009 3:47am
Please understand that I am not knocking everyones efforts on this EA but in my experience I have never seen a trading method with a stop loss bigger than the take profit that has been successful over a longer period of time.

In the previous test, the stop loss was 18 and the take profit 6. Every time you have a loss, you will need 3 winners just to get back to break even.

You can keep chugging away at this EA if you want, but I believe that you will see from all of the backtesting that long term this is a disaster waiting to happen.

I wish everyone good luck and I hope if you continue on this EA that you prove me wrong.
  • #111
  • Sep 2, 2009 4:20am Sep 2, 2009 4:20am
Quoting magnumfreak
Please understand that I am not knocking everyones efforts on this EA but in my experience I have never seen a trading method with a stop loss bigger than the take profit that has been successful over a longer period of time.

In the previous test, the stop loss was 18 and the take profit 6. Every time you have a loss, you will need 3 winners just to get back to break even.

You can keep chugging away at this EA if you want, but I believe that you will see from all of the backtesting that long term this is a disaster waiting to happen.

I...
I agree.
Maybe in a first time , could we introduce a moving average filter....
and after make some optimizations to look at the best ratio TP/SL...
  • #112
  • Sep 2, 2009 6:07am Sep 2, 2009 6:07am
if you check anything i've written for anyone on ff or any other forum, public or private, you'll see my address....

with 1 single exception..... 1 single exception..... that was not an error on my part......

//....

Quote
if that's the case, the coloring of the bars is doing nothing more than misspainting the true live picture..... of course it's painting the historical picure correctly, but then so does the zigzag.....

//.....

Quote
look at the latest picture he has posted..... it's easy to see, we all want to see, the trade frank is speaking of..... but what about the equally valid short trade just prior to the long trade.... the ea will not overlook it, nor a few others on that chart.... you will get whacked so often you'll loose confidence.....
..

//....

Quote
once we get it running, the need for filtering will be painfully obvious.... if it isn't already....

//...

Quote
the link below will be vaild for 24 hours, till 9/2/09....

......

it is 9/2/09 ..... the link is invalid......


1 single exception..... it was intentional.....h
to trade and code, keep both simple... no call to impress....h
  • #113
  • Sep 2, 2009 6:25am Sep 2, 2009 6:25am
Last week on EU after opti , the better settings are TP 10(100) and SL 11(110).
Attached Image (click to enlarge)
Click to Enlarge Name: 3.jpg Size: 126 KB
  • #114
  • Sep 2, 2009 6:40am Sep 2, 2009 6:40am
and the same settings for August...??????
Attached Image (click to enlarge)
Click to Enlarge Name: 4.jpg Size: 131 KB
  • #115
  • Sep 2, 2009 8:17am Sep 2, 2009 8:17am
Quoting madscalp
Hi Kostas
Here is the backtest of August with your settings.
In my opinion, this EA needs one or several filters to improve it.
Or the system is bad....
Madscalp,

Since we don't have any filters until a programmer help us, I ran my tests one day at a time and choosing direction according to that days trend. That way the results are much better. Obviously, if we need an all weather-EA we need to start playing with 1-2 basic filters.
Initially, I was envisioning this EA as something that a user could run for 2-3 hr blocks with minimum oversight, then as soon as a trend changed the user could change direction of trading, TP/SL, etc. for another 2-3hr block. Suggestions?

Regards,
Kostas.

P.S. As Hayseed appears to be busy in many things, are there any efforts from other programmers with the ideas already in this thread?
  • #116
  • Sep 2, 2009 11:06am Sep 2, 2009 11:06am
Quoting kostas1
Madscalp,

Since we don't have any filters until a programmer help us, I ran my tests one day at a time and choosing direction according to that days trend. That way the results are much better. Obviously, if we need an all weather-EA we need to start playing with 1-2 basic filters.
Initially, I was envisioning this EA as something that a user could run for 2-3 hr blocks with minimum oversight, then as soon as a trend changed the user could change direction of trading, TP/SL, etc. for another 2-3hr block. Suggestions?

Regards,
Kostas.

P.S. As...
Hi Kostas,
I recommend to use the attached Hourly Pivot as your filter. It will tell you the right side of the market to be in. Maybe Hayseed can incorporate it in the EA.

Cheers
Attached File(s)
File Type: mq4 Hourly Pivot Point.mq4   4 KB | 314 downloads
If it backtests good run it live!
  • #117
  • Sep 2, 2009 2:39pm Sep 2, 2009 2:39pm
Quoting madscalp
Hi Kostas
Here is the backtest of August with your settings.
In my opinion, this EA needs one or several filters to improve it.
Or the system is bad....
I ran the same backtest from Jan 2009 til current and the results were really bad. Heading toward zero after few months. It has periods of being 'awake' where it goes into a spurt of winners for few days, then it gives it all back and starts heading back down. It definitely needs some filter and not the TI kind.. since TI will marginally improve stats. Maybe the MA filter or the hourly pivot will wake it up. But as it is right now even if it demo tests profitably for few days, I would not use it unless a compelling backtest was able to be ran profitably. I try to stay positive about it, but given the originator of the concept who is a scam artist as you can clearly read on his thread, it does not make me real warm and fuzzy inside trusting this concept going forward. Perhaps with filter mods it will turn around.

Cheers
If it backtests good run it live!
  • #118
  • Sep 3, 2009 8:51am Sep 3, 2009 8:51am
Is some coder still working on the EA or is the project cancelled?
  • #119
  • Sep 3, 2009 11:14am Sep 3, 2009 11:14am
Quoting tex
Is some coder still working on the EA or is the project cancelled?

Nothing is cancelled, just don't have any coder feedback yet.
  • #120
  • Sep 3, 2009 7:43pm Sep 3, 2009 7:43pm
hey tex and kostas..... my work here is done....... but i truely look forward to working with you on future projects......

projects without rats, monsters, c4, nitro, explosives, trains and such......

it's difficult for me to see how those terms can be applied to forex in a positive manner..... that's just me....

//-----

occassionally something emerges from the rubble....... renko charts do appear interesting..... and that's no demo....h
Attached Image(s) (click to enlarge)
Click to Enlarge Name: texgbpusd.gif Size: 75 KB
Click to Enlarge Name: texusdcad.gif Size: 65 KB
to trade and code, keep both simple... no call to impress....h
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