Old Dog with New Tricks | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Old Dog's Taming of the Beast? 34 replies

Old Dog Fib Trading - EA Development 18 replies

Old Dog Fib Trading - EURUSD 399 replies

5 Tricks of Trend Trading, by Rob Booker 25 replies

How To Work Around A Market Maker's Tricks 0 replies

Attachments: Old Dog with New Tricks
Exit Attachments

Old Dog with New Tricks

  • #81
  • Dec 22, 2009 10:33pm Dec 22, 2009 10:33pm
Quoting MurphyMan
I'll see if I can dust off those cobwebs and come up with something. Here's a little info: http://nutek-us.com/wp-doe.html

Like I say, may take a little while.

Murph
That's a little (ok no, a LOT) more advanced than what I used...but maybe it'll yield a better result.
  • #82
  • Dec 23, 2009 2:44am Dec 23, 2009 2:44am
Thanks RR,
I used GU/EU/UJ pairs on M15 tf for 2 days already and still no trade trigger, although trading style showed breakout and counter. It can't be that long or is there any steps that i missed?

Does the pop-up always appear when u on the EA?

Thanks in advance
rgs
  • #83
  • Dec 23, 2009 3:30am Dec 23, 2009 3:30am
Quoting Toyota
Thanks RR,
I used GU/EU/UJ pairs on M15 tf for 2 days already and still no trade trigger, although trading style showed breakout and counter. It can't be that long or is there any steps that i missed?

Does the pop-up always appear when u on the EA?

Thanks in advance
rgs

Patience my friend, that's the essence of the bot. It forces you to wait for the right conditions.
  • #84
  • Dec 23, 2009 5:58am Dec 23, 2009 5:58am
Quoting Toyota
Thanks RR,
I used GU/EU/UJ pairs on M15 tf for 2 days already and still no trade trigger, although trading style showed breakout and counter. It can't be that long or is there any steps that i missed?

Does the pop-up always appear when u on the EA?

Thanks in advance
rgs
wh1zz0's right, this EA is designed to find the optimal places to trade based off of the criteria generated.

Also, what is your Testing Quality on that TF?

And, no the EA is perfectly capable of taking a trade on its own, provided "SignalsOnly" is false, and Lots is greater than 0.
  • #85
  • Dec 23, 2009 6:10am Dec 23, 2009 6:10am

I should probably point out that in the week that I released this EA, it has only taken 14 trades, 8 win, 6 loss.



  • #86
  • Dec 23, 2009 10:17am Dec 23, 2009 10:17am
What was your profit factor?

Quoting Ronald Raygun

I should probably point out that in the week that I released this EA, it has only taken 14 trades, 8 win, 6 loss.



  • #87
  • Dec 23, 2009 10:48am Dec 23, 2009 10:48am
8/6
  • #88
  • Dec 23, 2009 3:05pm Dec 23, 2009 3:05pm
Happy Holidays to all and may the new year bring everyone many pips!

Vince
  • #89
  • Dec 23, 2009 8:25pm Dec 23, 2009 8:25pm
My tester quality is above 90% but still no trade. Indeed it is very heavy to computer resources, once EA starts operating for different pairs, my computer's fan blow non-stop the whole day and quite frequently hanged my computer. Do u experience that situation?

rgs

Q: Does yr winning result 8/6 a let down to you? how many pairs you use to test?
  • #90
  • Dec 24, 2009 5:41am Dec 24, 2009 5:41am
Quoting Toyota
My tester quality is above 90% but still no trade. Indeed it is very heavy to computer resources, once EA starts operating for different pairs, my computer's fan blow non-stop the whole day and quite frequently hanged my computer. Do u experience that situation?

rgs

Q: Does yr winning result 8/6 a let down to you? how many pairs you use to test?
This EA really can't backtest because it uses historical bar data to generate its statistics.

I won 8 and lost 6, in 1 week, averaged 3 trades a day, and never had a losing day. I'm quite happy, especially now that I'm in the 50 lot range.
  • #91
  • Dec 24, 2009 3:23pm Dec 24, 2009 3:23pm
Quoting Ronald Raygun
This EA really can't backtest because it uses historical bar data to generate its statistics.

I won 8 and lost 6, in 1 week, averaged 3 trades a day, and never had a losing day. I'm quite happy, especially now that I'm in the 50 lot range.

That's not the profits factor value, but the wining and losing trade count only, base on the 8/6 figure your profits factor is only 1.3 but i dont know the wining pips and the losing pips from your trade setup.......so just let me know your setup for the target and sl so i can count the profits factor ratio and what is your risk control limit. For exp if you set your tp 50 pips and your sl 30 pips means your get more pips but if you put the tp and the sl at the same value it still win but less profits factor value. So this is how to control the risk for all trade setup from your EA and by putting small losses and big wining pips from every trade setup. Hope you can share with us your setup and pairs that you have run the EA.
{Promotion Removed}
  • #92
  • Dec 24, 2009 3:29pm Dec 24, 2009 3:29pm
I gave you the profit factor.

Profit factor => Gross win / Gross loss, right?

My apologies if I seem like a scrooge. This EA was one of the private EAs which I trade with. I have never seen the underlying concept here on FF before, thus, I think it's safe to believe there hasn't been much thought given to this type of EA, and furthermore, given the 50,000 or so members, that's 50,000 potential new ways to improve.

I will not give the settings I use. I want you all to experiment with this EA just as I did 1.5 years ago. Maybe you will make some discoveries I didn't make. That's what I'm looking for.
  • #93
  • Dec 24, 2009 3:57pm Dec 24, 2009 3:57pm
Quoting Ronald Raygun

I will not give the settings I use. I want you all to experiment with this EA just as I did 1.5 years ago. Maybe you will make some discoveries I didn't make. That's what I'm looking for.
Its doing pretty good on JPY pairs8/9, gonna change the settings for the other pairs though.
Thanks RR
  • #94
  • Dec 28, 2009 12:14pm Dec 28, 2009 12:14pm
Hi RR,

A question is about the calculator.

With the opening range set to 10, I assume after 10 bars from 00:00, the EA's calculator has a high and a low from the range of those 10 bars, right?

So, once the first trade is triggered by a tick outside the range, will the EA calculate a second, third, fourth (etc) before the first trade is closed? Or is it only calculating one open trade at a time?

_________________________

Also, how does the EA determine if a higher/lower price qualifies as a new high/low? Let's say the opening range high is x. Then price moves through x+0001, x+0002, x+0001, x+0002, x+0003, etc. Does the EA consider each new pip a new high? or each new pip on a new candle? or each new pip after a period of time?

Just trying to understand the system rules, as I suspect that might help me play around with the settings more efficiently.

thanks,

vbro
  • #95
  • Dec 28, 2009 12:43pm Dec 28, 2009 12:43pm
Fair enough:

Yes, the initial number of bars is to determine the starting bars. Otherwise, the EA would place a near infinite number of trades when there is a new high/low every tick.

The EA is currently built to only manage one trade at a time, but there is no reason why it cannot handle multiple trades.

The current high/low is the highest high/lowest low in the bars between a day's start and the current time. If the highest/lowest high/low has a shift of 0 (current bar), the EA places a trade. This allows the breakout style of the system to take advantage of the breakouts only when they start--if they start.


Any more questions? (Keep em coming!)
  • #96
  • Dec 28, 2009 1:39pm Dec 28, 2009 1:39pm
Quoting Ronald Raygun
Any more questions? (Keep em coming!)
Great,

So, still trying to understand the rules of the system, and how the calculator applies those rules to it's set up stats...

I've reduced the bars in a 1 min chart to one day's worth (I know we want more, eventually, but for now, just trying to understand how it works). I did this by adjusting the MT4 Options setting for charts. I assumed this would limit the EA's set up calculations to just today's bars. The plan was to run the set up calculation, and then try to see if I could manually identify all the trades that the calculator reported.

When I run today's 1 min E/U with 300TP/300SL (5 dig brkr), the set up calculation reports 14 trades.

I'm assuming the set up calculator does not use the 'one trade at a time' rule, because when I look at the chart, I see only 2 or 3 300/300 trades (if taken one at a time), from 00:00 today.

So, when the calculator returns 14 trades for 300/300 (all other variables at default), how has it arrived at that number?

Or have I erred in my experiment somewhere?

Thx,

VBro
  • #97
  • Dec 28, 2009 2:27pm Dec 28, 2009 2:27pm
Each trade is evaluated separately. There will definitely be overlap between trades. Basically, count each higher high or higher low (where the new high/low happens at least one bar after the current high/low).

Also, the BarStart value can be used to limit the number of bars used in your testing.
  • #98
  • Dec 28, 2009 3:08pm Dec 28, 2009 3:08pm
Quoting Ronald Raygun
Basically, count each higher high or higher low (where the new high/low happens at least one bar after the current high/low).
Got it, I think. For 5 digit broker users, am I correct that the new high/low must be a 4 digit move (1.40083 to >= 1.40093), off of the most recent 5 digit high for the trade to trigger? For example,

1.) old high is 1.40073, 0 bar high 1.40082, No Trigger.

2.) next bar,
old high becomes 1.40082, 0 bar high 1.40083, No Trigger.

3.) next bar,
old high becomes 1.40083, 0 bar high 1.40093, Yes trigger.

Is this correct?


Quoting Ronald Raygun
Also, the BarStart value can be used to limit the number of bars used in your testing.
very helpful. thx.

____________________________________

Here's another question.

I run 300/300, the counter returns 14 trades. Then I run 100/100 (same settings otherwise), the counter returns 42 trades. I had been thinking the counter would return the same number of trades, but return varying win/loss results. What am I missing?

Thx



VBro
  • #99
  • Dec 28, 2009 3:40pm Dec 28, 2009 3:40pm
For #1, that isn't supposed to happen... is it happening? One pippette (0.00001) should be enough to trigger a new high or low.

For #2, that's an interesting problem... attached is a version which shows lines demonstrating what the EA is thinking.

 

  1. Aqua: EA is unsure
  2. Lime: High trade taken
  3. Red: Low trade taken
  4. Yellow: Range start and end times.

This will be a very interesting bug to have. I'm surprised I didn't catch this.

Attached File(s)
File Type: ex4 HiLo Trader [TD] Lines.ex4   30 KB | 441 downloads
  • #100
  • Dec 28, 2009 3:51pm Dec 28, 2009 3:51pm
Quoting Ronald Raygun
For #1, that isn't supposed to happen... is it happening? One pippette (0.00001) should be enough to trigger a new high or low.
I'm not sure of anything, RR, so before you start digging for bugs, I have to say that I'm probably not clear in my understanding. Didn't mean to set off an alarm just yet, still trying to understand how the counter works...

Quoting Ronald Raygun
For #2, that's an interesting problem... attached is a version which shows lines demonstrating what the EA is thinking. ...
Let me put up the line version and see what I learn.

VBro
3 traders viewing now