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Old Dog with New Tricks

  • #101
  • Dec 28, 2009 4:19pm Dec 28, 2009 4:19pm
Just a simple question,

considering that you may possibly be as good as your hype

why is the sucess ratio so low?

If you look @ your data feed you should see your problem!

when you pass 95% win ratio...then you'll be doing it right!

just a little friendly advice
  • #102
  • Dec 28, 2009 4:25pm Dec 28, 2009 4:25pm
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.
You were right, the lines confirm that a pipette does trigger the trade.

Quoting Ronald Raygun
For #2, that's an interesting problem... attached is a version which shows lines demonstrating what the EA is thinking.
I understand, now.

Is it that the counter totals completed trades, not entries, so there will be a lower number of counted trades for the larger TP/SL, right?

The lines all show up, but the counter does not show them as part of the stats because there is no outcome yet.

Thanks for your guidance.

VBro
  • #103
  • Dec 29, 2009 11:42am Dec 29, 2009 11:42am
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.

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.


The Ea works after i put the lines, but the problem is still there when you set your tp 30 and then the market push up more then the Ea go for counter trend and then you will loss your profits, so for me why not if you put a trailing stop option so we can set it, for me when the market move faster is better to have trailing stop to protect your profits first.
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  • #104
  • Dec 29, 2009 12:15pm Dec 29, 2009 12:15pm
Can't run a backtest on the trailing stop option using the backtest engine on that EA.

If you're hitting that problem, then you probably should set your success score higher.
  • #105
  • Dec 30, 2009 10:39am Dec 30, 2009 10:39am
Wanted to wish all on a Happy New Year with tons of pips. I did have one question reguarding tf. Is there a minumim/maximum tf to try the ea on? I have tried 1m 5m 1h and even daily last night. With the daily it stayed on calculating. I had wins to 100% and tp sl 100 with 7 pairs.
Vince
  • #106
  • Dec 30, 2009 11:40am Dec 30, 2009 11:40am
EA looks for daily highs and lows, so the daily TF is generally a bad idea.

As a general rule of thumb, minute charts are the best because there is plenty of segmented bar data. On slower moving pairs where the open, high, low, and close are the same price, you may want to move up to 5M.
  • #107
  • Dec 30, 2009 12:25pm Dec 30, 2009 12:25pm
Thanks will go back to the 1m or 5m depending on pairs.
Vince
  • #108
  • Dec 30, 2009 12:46pm Dec 30, 2009 12:46pm
Well, that's based on my analysis. There could be a benefit to using a larger timeframe. E.G. spikes are contained.
  • #109
  • Dec 31, 2009 5:36am Dec 31, 2009 5:36am
extern bool CloseOnOppositeSignal = True;

  1. If set to true, the EA will close a trade if an opposite trading signal appears.

I dont see this option in the input section, it's means the ea only allowed to open a new trade after it closed the current postion by manual or by tp or sl triggered.........because from what i see when there was an opposite trading signal the current position still open and it not counter the new trade setup.

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  • #110
  • Dec 31, 2009 7:14am Dec 31, 2009 7:14am
You're right. I updated the first post with the new EAs.
Attached File(s)
File Type: ex4 HiLo Trader [TD].ex4   31 KB | 431 downloads
File Type: ex4 HiLo Trader [TD] Lines.ex4   31 KB | 452 downloads
  • #111
  • Dec 31, 2009 8:32am Dec 31, 2009 8:32am
Quoting Ronald Raygun
You're right. I updated the first post with the new EAs.

So which one i should use? If i put those 2 ea together my pc will hung up and if i use the ea without lines it will stand aside but if im using the lines it will show the trading style and make a trade. So which one is the actual ea you are using for the system........thanks and happy new year.
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  • #112
  • Dec 31, 2009 8:49am Dec 31, 2009 8:49am
They're the same.

One shows you where it would have taken a trade. It's better for visualization purposes. The other one does not show you where it would take a trade. It just gives you the analytics. Run the one without lines if your computer isn't too fast.
  • #113
  • Dec 31, 2009 12:35pm Dec 31, 2009 12:35pm
Thanks for the updates. I did have some basic questions if it is ok to ask?
Should you change the magic number if you are running more than one pair using the same tf on all the pairs? I know with some ea's in the past you had to change the magic number each time you used it on another pair.
Another issue has to do with sl/tp and how to handle them. I know if you trade on the institution level there is no worry about spreads, margin calls, and all the other stuff the regular traders have to worry about. I never could find the best way to do sl/tp. There are so many combinations on how to do this, that it can drive you crazy. For example, you could go with a sl of 100 and no tp and use a tsl of maybe 35. You could go with a sl of 100 tp 100. You could go with a management program which moves the sl every time you go positive so many pips. I do see in your ea you can set the risk level which I have at 1% which is great. I also have MM on, but have not seen in the past posts exactly what it does? In some ea's MM on will just set the amount of lots depending on equity in the account?
Vince
  • #114
  • Dec 31, 2009 1:02pm Dec 31, 2009 1:02pm
Quoting letizia
Thanks for the updates. I did have some basic questions if it is ok to ask?
Should you change the magic number if you are running more than one pair using the same tf on all the pairs? I know with some ea's in the past you had to change the magic number each time you used it on another pair.
[color=black][font=Verdana]Another issue has to do with sl/tp and how to handle them. I know if you trade on the institution level there is no worry about spreads, margin calls,...

  1. Technically, all my EAs can work together as long as they have a different pair, magicnumber, or both (when using multiple EAs on one pair).
  2. You do have to worry about spreads at the institutional level. They change a lot. You also have to worry about fills, getting transactions done, and so on. We may not have to worry about broker 'abuse' but institutional traders have their own sets of problems.
  3. MM is based on the percent of available equity you are willing to lose.

  • #115
  • Dec 31, 2009 1:31pm Dec 31, 2009 1:31pm
Hate to be thick headed, but just want to make sure I understand what you wrote. For example if I want to use your hilo ea with all the same parameters on same account using the 5m using for example EUR/USD,GBP/USD, can I have EUR/USD magic 1, GBP/USD magic 2, or can I have EUR/USD magic 1 and GBP/USD magic 1?

I know you said earlier you do not post a set file because someone might say well you said to use these settings and I did, and I lost. But if it is possible to answer this question, I would appreciate it. On the sl-tp issue what is best way to do it? Just use 100 sl 100 tp and see what happens you will either get the 100 pips or you will loss the 100 pips?

Like I said before, I have used so many ea's on demo I forget who wrote what. But I think you also wrote the ea that was called random something where you set how many trades a day and how many pips before you do a reversal I think is how it worked. So if you set you only want 50 trades and move sl when you reach 40 pips, and also do a sell if you did a buy at first?

Sorry for going on and on especially on New Year's eve!
  • #116
  • Dec 31, 2009 2:51pm Dec 31, 2009 2:51pm
Quoting letizia
Hate to be thick headed, but just want to make sure I understand what you wrote. For example if I want to use your hilo ea with all the same parameters on same account using the 5m using for example EUR/USD,GBP/USD, can I...
Yes, you have it right.

The EA backtests for you. You can set the parameters to whatever you want the EA to do. E.G. I want the EA to trade with a 30TP and 20SL that has a win percent of 50 or more. The EA will then wait until the market conditions fit whatever criteria you want to trade with, and it will place a trade. You don't need to go the other way (try to get the EA in a trade-ready state).

Depending on the market characteristics you're looking for, yes, there is a change you can win or lose that 100 pips, but depending on the EA's settings, the likelihood of either can be predicted--with some accuracy.
  • #117
  • Dec 31, 2009 3:16pm Dec 31, 2009 3:16pm
Thanks again Ron I was doing it the other way around trying to get the ea in the ready to trade state.

Have a nice day!

Vince
  • #118
  • Dec 31, 2009 3:58pm Dec 31, 2009 3:58pm
very n'tresting. subscribe and test.

Ron
  • #119
  • Jan 3, 2010 7:40pm Jan 3, 2010 7:40pm
I'm not sure if the lack of interest is due to the hangover, or because I didn't give everything on a silver platter. In an effort to partially eliminate the latter...

Consider this: Over a long enough time, the ratio between winning breakout trades and winning counter-trend trades is 1:1 (50%). When you shorten the period to something like 1 month, 3 months, 6 months, patterns start to emerge, as well as trends.

What I would do is have multiple instances of this EA running on my server. There would be a 1 month, 3 months, 6 month, etc. Each EA had the same parameters (20 pips SL and TP, win rate of 60% or better, etc, etc). Each Ea would then trade based off of whatever their individual markets told them to. There were some instances where a new daily high would have all of the EAs enter in a trade, and where a new daily high would only result in a fraction of the EAs to enter in a trade. Apply this against multiple currencies, and you have a semi-intelligent system which is smart enough to know when and when not to trade.

What this means is, the EAs collectively have a form of money management which increases the money applied to a currency pair when the market was strongly biased one way or another (breakout/counter). And decreases the money applied to a currency pair when the market was undecided or confused.

I repeat, this is a VERY resource-intensive EA, and I do not expect it to run on computers built before 2006.
  • #120
  • Jan 4, 2010 11:47am Jan 4, 2010 11:47am
Is the tick database down again?
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