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Semi automatic EA (Driven Version)

  • #1,881
  • Nov 23, 2009 3:53am Nov 23, 2009 3:53am
Quoting jake100
I am backtesting 5 digit version posted in post#1. These work well with "short only" on down trend areas. But picking "long only" in up trend gives me order send error 4111.

I tried both "long and short " on a wide area of both trends up and down. It seems to only pick up short orders. Feels like longs trades are turned off or something. Settings are all default no changes. Can somebody tell me what I am doing wrong?
I think you need the newer versions of this ea. Try version 1.5b, vers. 1 .5c or 1 .5d . coded by Actionpl.
Pls. read at least from page 90 to find the aboved mention ea's and to understand very well the settings.
I belive they are better.
Happy trading.
  • #1,882
  • Nov 28, 2009 2:13pm Nov 28, 2009 2:13pm
bookmarked
  • #1,883
  • Feb 18, 2010 10:43pm Feb 18, 2010 10:43pm
Hello Fellow Traders,

I have just finished reading a few dozen posts in this thread. It seems very similar to an idea I had a year or so ago. Not having read the entire thread it might have already been discussed but here goes. Having written a few automatic trading systems myself the key to any good system of course is filtering out the little bumps in the road so as not to place a trade too early. Even a trend line won't do that. It can really irritate the trader watching the PA continuing on its merry way after you already jumped off the train.

Now I'm most likely posting this way too early in my understanding of this method but what caught my attention was the mentioning of a trend line. If you are manually drawing or even a code drawn line the buy and sell signals are still the same. Even with trend lines a bump in the road will occur and filtering these is critical to maximizing the trades.

I have experimented with many different methods and one that seems to work the best is the stochastic K & D values. The mistake most coders of EA's do is write values to cross a fixed position or values such as the K value crossing a value of 80 signals a buy which is totally wrong as even the value 100 shows up in the middle of a long uptrend. The other problem is the PA reaching a high pivot point and never hitting 80 which makes the trade a loser when the PA promptly falls off a cliff.

The best way to move the trade forward after hitting a high mark such as a trend line cross over or an indicator cross of a value is to have a filter such as stochastics K less than D on sells or D less than K on longs with adjustable settings. Let’s look at some examples below:

On the M5 chart the PA moves across a trend line after a long down trend which ended at 9:00. The filter checks the value of stochastics K vs. D only after the first requirement of crossing the trend line is met.

K Long setting = 5, K Short setting = 5

EXAMPLE “A”

9:00 PA = 1.5000 K = 5, D = 8

9:05 PA = 1.5010 K = 20, D = 12, Long trade is made.

EXAMPLE “B”

9:00 PA = 1.5000 K = 5, D = 8

9:05 PA = 1.5010 K = 13, D = 12, Long trade is NOT made.

9:10 PA = 1.5020 K = 25, D = 18, Long trade is made.

The PA can actually reverse and the initial trade never made due to the K settings not being reached. A second trade takes over at a much lower PA level which is what we are trying to accomplish.

Other things must also be coded into the EA such as severe downtrends where a counter trend trade is particularly foolish and doesn’t move enough to cover the cost. This can be accomplished with simple codes and why most programs do not address this is crazy. At the very least counter trend trades should be looked at as topping out after crossing a MA-9 value and the K & D filter initiated after reaching no matter what the K or D value or what the slope of the PA for that matter. This will lock in positive trades before reversing in the middle of Bollinger Band channels. You will notice a lot of times the Stochastics value has reached a maximum value although the PA has topped out in the middle of an LRC, Price Channel or Bollinger Band Channel. Another way to recognize the PA trend is the Upper and Lower Bollinger Band values which keeps the trade from ever happening in a quickly consolidating PA. If you can stay out of the bad part of town you will stay a lot healthier.

On an EA which includes stochastics I’ve had success with settings such as 5 and 95 on the K low and high settings which are the high success trades. After back testing the high success trades I then code the harder trades such as countertrend trades.

I’ve also used this method with great success by adding code for Doji recognition and then initiating the filter. Any high or low value of any indicator seems to work great. The program just ignores all other bumps in the road unless a setting is hit to initiate the filter and thus a buy or sell signal. An exception is when the PA is in tight consolidation and trades are halted. If a trade is already in progress then it plays out. Drawing a channel of the consolidation with the PA highs and lows and initiating the filter after a break up or down restarts the program.

Another useful add-in is code for the sudden huge moves that can move the stochastic K value from zero to 100 in one bar and then back down again the next bar. Percent of PA increase and decrease can handle these moves and buy or sell before initiating the filter. The possible downside is if the PA continues moving in that direction such as with some of the violent reversal moves at the start of this recession. Once all of your indicators top out and the PA is still moving though the roof, now what do you do? This actually happened to me as I was watching the EA trade the PA crossed an Upper Bols Band and stochastics K value hit 100. I was sitting with a nice profit and was waiting for the Short trade when the PA shot up like a rocket on the next bar and then the next and the next. A $6,000 additional move just occurred and I’m still in the game. The sell trade was finally satisfied. I had just redone the code from a hard sell at 100 to using the filter. I was just lucky this didn’t happen after a down bar and then it wood have hit my sell stop which is a large $400 per contract. Having anything less then that means you don’t trust your own program to handle the bumps in the road.

The other thing that keeps showing up is all the excuses being made why their EA didn’t work at a particular time or doesn’t work on some currency pairs. That to me is just plain bull crap. A chart is a chart whether its currency pairs, stocks or whatever. Either the program works or it doesn’t work. It’s just that simple. I just read one that starts out saying his program was designed for GBPUSD. I’d like to know how he did that. What he should have said was it was the only pair that made any money and on all the rest he lost his butt. He’s publishing this hoping someone with more intelligence and trading experience can fix his screw-ups.

All of the above I learned the hard way and I’m hoping some of you young coders will learn something about programming an EA from this. One thing I must add is the RSI indicator I would stay clear of as a filter as it doesn’t work well in this type of set-up. Another is the simple fact that unless the EA is based on a trend line with an indicator for filtering the cross all single indicator EA’s are not going to work all of the time or will they work on all charts. The fact is they will blow up your account.

I have back tested this on the Daily chart with a semi-auto system over a 1 1/2 year period with only one loss of $50. I also did a similar test on the one hour with vitually the same results but just more trades. It works on all charts and on all time frames. I just don't have it for MT4 which is why I'm looking here at thia system.

I hope this helps somebody and also hoping somebody that is a great coder takes the bull by the horns and programs these ideas into this program.

Trade well and prosper,

Johnny
  • #1,884
  • Feb 19, 2010 8:20am Feb 19, 2010 8:20am
Quoting JohnnyBSmart
Hello Fellow Traders,

[color=black][font=Verdana]I have just finished reading a few dozen posts in this thread. It seems very similar to an idea I had a year or so ago. Not having read the entire thread it might have already been discussed but here goes. Having written a few automatic trading systems myself the key to any good system of course is filtering out the little bumps in the road so as not to place a trade too early. Even a trend line won't do that. It can really irritate the trader watching...

Are you saying that, we need to filter the trades based on Stochastic K, D.... whenever K > D by 5 then trend is up and k< D by 5, then its short trend.?

Can you please tell me, how exactly you want to apply the filter as I want to code this into this EA.

Regards,
Prakash
  • #1,885
  • Feb 20, 2010 2:41am Feb 20, 2010 2:41am
Thanks to the above posters for bringing this post back to the top so I stumbled across it. Read from page 90 or so... the impression that I get is version 1.5c doesn't comply with the NFA's hedging rules, and that version 1.5d isn't operable.

Could someone set me straight on this?

Thanks everyone. -J
  • #1,886
  • Edited Feb 23, 2010 1:01am Feb 22, 2010 3:14am | Edited Feb 23, 2010 1:01am
Quoting reachjj
Are you saying that, we need to filter the trades based on Stochastic K, D.... whenever K > D by 5 then trend is up and k< D by 5, then its short trend.?

Can you please tell me, how exactly you want to apply the filter as I want to code this into this EA.

Regards,
Prakash
Hello Prakash,

Sorry I took so long to answer back. The point I was as making was the 5-8 EMA cross is garbage. The K-D values are much better but there are a number of better signals. Understand the optimum K-D values will vary with the settings of the stochastics.

The other key point is the program itself which is not a bad visual aid for guiding the trader over a few bumps in the road but fails to stop the train at the main terminal so you can get off with maximum pips. The train by passes the station by five miles. The getting on the train is just as dangerous as by the time it finds out the direction it's heading a lot of it's cargo of pips got run over by the train.

The solution and the way to design and code an efficient EA is to jump to the high/low points on the higher time frames. After the PA has reached these high/low points based on user input such as 80-20 stochastic values the trade is moved to the M1 chart values. The code then loops the exit/entry criteria such as the K-D values or a trailing stop is initiated. Both actually are necessary depending on the S & R values reached which again are user input values.

The S & R values are indicators such as the Bollinger Bands or other lines of S & R. This method ignores all of the bumps in the road and it goes from point A to Z ignoring B-Y.

It really is the most logical way to get to Z. If you were planning a trip from NY to LA the quickest and most direct route is to take a jet. This way the Mississippi River and the Rocky Mountains are not bumps in the road we have to worry about. Now the fact is that sometimes the jet might land in Reno and you have to board another flight but you will get to LA in the end.

This type of trading system tells you the plane first has to go by way of Boston and leaves three hours late. It then lands in Chicago and lets you off without a continuing flight and no refund. When you finally get a flight out to LA at additional expense it by passes LA by 500 miles. They give you a parachute so you can jump out and hopefully land on a small deserted island in the middle of the Pacific Ocean. You're very reluctant to do this but the Plane is out of gas and going to crash land anyway so you jump. Now your praying and hoping you land safely but the cold hard fact is the water is shark infested and the landing zone is very small. Don't forget to close your eyes if you're like me and afraid of the sight of your own blood. LOL.

The sharks (Professional traders) are always looking for juicy little snacks like you as we never stop eating.

So if you're going to write an EA you must design it around good S & R values as well as a decent Entry and Exit. Without thoroughly understanding how to trade, no EA will fix that problem. The coder will only code to his ability and knowledge of trading or the lack of it which is so prevalent on the internet.:nerd:

I see posts on many forums proclaiming money making EA's only to find a close to 50-50 win/lose ratio and bigger losses then winners. This one proudly shows a $12 million plus loss and a $9 million win and proclaims a 1.7 profit factor. Now I'm not an Einstein when it comes to math but even Jethro of the Beverly Hillbillies with a sixth grade education could figure this is not a good system.

I had a retired engineer call me on the phone after posting on an automatic trading system thread asking me for advice about a system he was purchasing to supplement his retirement income. He stated it was a real money maker and it only cost $1400 initially and $400 a month there after. I asked him to email the analysis so I could see the win loss ratio and the $ loss / $ investment ratio on both the back and forward tests. He said he didn't have any of that type of information but the program produced 53% wins. I could tell by the way this guy was talking that his mind was already made up and no explanation of the facts from me was going to change this pilgrim's direction to the promise land. Now if an Engineer can be so stupid and not recognize that just flipping a coin will get you 50% then what is the hope of the multitude of people that can't grasp basic math and believe everything they read like the Martian found walking around NY or the talking pig in Iowa. I think our government hires way too many of these people and makes them bank examiners. They're all members of the "Be Kind to Dumb Animals Club". I think it's their natural preservation instinct.

Let me know how you make out with this EA.

Happy trades,

Johnny
  • #1,887
  • Feb 22, 2010 3:18am Feb 22, 2010 3:18am
Quoting jay320
Thanks to the above posters for bringing this post back to the top so I stumbled across it. Read from page 90 or so... the impression that I get is version 1.5c doesn't comply with the NFA's hedging rules, and that version 1.5d isn't operable.

Could someone set me straight on this?

Thanks everyone. -J
Hello jay320,

Just google it but make sure you know how to trade first.

Happy trades,

Johnny
  • #1,888
  • Feb 22, 2010 8:54pm Feb 22, 2010 8:54pm
Looks like this thread has run outta steam 'cause many have grown tired of the semi-auto mode and would still love to have a cruise control button on their accounts. Well, like I posted earlier in this same thread, I'm a witness to the fact that there're fully auto EAs like this:
http://www.mt4i.com/users/trendmaster

I guess those who argue that mt4stats.com & mt4live.com are not all real statements will have to agree that mt4i.com uploads statements straight from the platform so seeing is believing.

In any case, I've been in this business long enough to know that for every trader, you are your best friend or worst enemy based on your everyday trading decisions. Only a few have mastered the art. For the rest who haven't got the skill, time or both; get a bot to help you!
From the tips to the dips, it's all about the pips
  • #1,889
  • Edited 5:46pm Feb 27, 2010 5:28pm | Edited 5:46pm
Quoting 1800forex
TheForexpert,

No doubt, this is the type of EA any forex trader would love to have. I can see from your last post that you're a fund manager, right? Any idea where I can buy the EA? I contacted the owner of the statement through the mt4i site but no response so far. Would be happy if you can help, thanks.
Hello 1800forex,

Undoubtedly you're a newbie or at the very least not versed in the qualities of a good EA. Don't be blinded by the profits shown on the website as a better gauge of the good, the bad and the ugly is the losses and the profit factor. The profit factor of 1.9 is very low to the point of ridiculas. Anybody worth their salt as a trader could write a better performimg EA blind folded. My very first attempt at writing an EA as a newbie coder many years ago was 50 times higher than this.

Understand that a professional trader looks for no less then 95% wins and would expect no less from an EA. This EA isn't even in the same ballpark and is obviously written by somebody who doesn't fully understand trading. The problem with these incomplete EA's is they can look good on some currency pairs some of the time but fail miserably most of the time. They cannot be traded on any chart or security and the seller will usually say I wrote this EA around a particular currency pair which is pure bull crap. The truth be known is that they kept looking until they found one that showed a profit. A decent EA will work on any chart whether it be currency, stocks or options. The mathematical formulas behind an EA don't know the difference between stocks or currency pairs because it's all just looking at the numbers.

There are a few fair producing EA's on the internet but this isn't one of them. I've only ever found one worth anything at all. If you invest a dime on something like this you're an idiot and you should have the letters "DFI" tattood on your forehead.

Learn to trade first before looking for the holy grail EA,

Johnny
  • #1,890
  • Feb 28, 2010 10:41am Feb 28, 2010 10:41am
JohnnyBSmart and what are those "fair producing EA's" or the "one worth anything at all"?
  • #1,891
  • Mar 5, 2010 4:27am Mar 5, 2010 4:27am
Quoting SamuraiPower
Technical question



How do I adjust the EA for 4 digit or 5 digit broker platform?

Try this setting:

5 digit broker platform
SL : 3000 (means 300 pips)
TP : 500 (means 50 pips)
Pipstep : 400 (means 40 pips)

4 digit broker platform
SL : 300 (means 300 pips)
TP : 50 (means 50 pips)
Pipstep : 40 (means 40 pips)


============================================================================


[b][i][u][size=3]Why does...

hi again, also the smile is on, i have 6 digit and i fixed that, and i have press the button "expert advisors", and i have "allow live orders",
everything seems perfect!
it just says in the "Expert messeges" at the terminal box, that "Experts are disabled because the account has been changed"
what can I do to fix that?
  • #1,892
  • Mar 8, 2010 4:41am Mar 8, 2010 4:41am
I didn't posted in this thread for soooooo looong.
I still belive this EA is one of the best I come cross to.

One of the easiest method for driving this bad boy would probably be with a simple Parabolic SAR indicator. Its critical we found best trending pairs and deal with them. Actually this EA makes also good resolds in sideways market with both Long and Short option on.

So the idea is...pull up daily/weekly chart best trending pairs you could find (e/u g/u..itc). Plot simple Parabolic SAR and drive the EA with the trend flow.

Small swings might hurt us a little as the indicator change direction, but real money is on big swings. Where loses should be covered.
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  • #1,893
  • Jun 2, 2010 2:17am Jun 2, 2010 2:17am
Quoting gasgas
I didn't posted in this thread for soooooo looong.
I still belive this EA is one of the best I come cross to.

One of the easiest method for driving this bad boy would probably be with a simple Parabolic SAR indicator. Its critical we found best trending pairs and deal with them. Actually this EA makes also good resolds in sideways market with both Long and Short option on.

So the idea is...pull up daily/weekly chart best trending pairs you could find (e/u g/u..itc). Plot simple Parabolic SAR and drive the EA with the trend flow.

Small swings...
Gas Gas, I think I'll have to agree with you there, it only makes sense using this instead of MACD and others, I'm struggling a little to understand Phillips 4Hr with MACD, maybe I must look further into WHAT exactly of Samurai's method with this AMAZING indicator she/he uses, perhaps if you're reading this Sam you could actually answer this? Well, ANYWAY, comparing this indicator to the trendline with the EA which i believe is rather profitable, for newbies I wonder if a programmer out there could code the v63G EA with the parabolic SAR and then control buy/sell with THAT?????? cos yes, for me it's such a shlepp trying to FIND the damn trend when using this EA instead when the trend starts changing the par would be MUCH better indicator cos it's an indicator that plots itself! what you guys think? Seniors?? then it would work on the same principles as the trend line with EA?
  • #1,894
  • Jun 2, 2010 3:10am Jun 2, 2010 3:10am
Quoting gasgas
I didn't posted in this thread for soooooo looong.
I still belive this EA is one of the best I come cross to.

One of the easiest method for driving this bad boy would probably be with a simple Parabolic SAR indicator. Its critical we found best trending pairs and deal with them. Actually this EA makes also good resolds in sideways market with both Long and Short option on.

So the idea is...pull up daily/weekly chart best trending pairs you could find (e/u g/u..itc). Plot simple Parabolic SAR and drive the EA with the trend flow.

Small swings...
Can you define resold for this EA and how you determine trending or sidesways, also what OTHER pairs do you have besides e/u g/u, are there any other trendy pairs you use? do you trade u/cad?
  • #1,895
  • Jun 3, 2010 7:30pm Jun 3, 2010 7:30pm
Not sure if this has been covered yet, but have you looked at mptm, by i believe steve hopwood (correct me if i'm wrong please) this is a trade management tool i use quite often especially for a reliable exit. I found it at ff and have been using it as an exit strategy for ALL the ea's i use.

Quoting SamuraiPower
Does anyone has other better opinion about exit strategy? when to unload the EA or recognizing the trend reversal?


Regards,
Samurai Power
  • #1,896
  • Jun 3, 2010 11:40pm Jun 3, 2010 11:40pm
Quoting gasgas
Price action is the best indicator my friend
RSI period 14 on daily chart - delete 30 & 70 and have just 50...above = uptrend, below = downtrend
  • #1,897
  • Jun 4, 2010 3:27am Jun 4, 2010 3:27am
I don't know if anyone else is using Sams semi auto method with FB but if we look at EUR/USD pair CURRENTLY there is a nice steady downward, now SURELY you can't JUST ACTIVATE the EA and expect it to start running...or can you, does one really HAVE to wait for this 5-8 indicator before you "awaken the great beast" ? Can you not as with the example of EUR/USD wait for a retracement THEN enter when there's red again, the indictor might not pop up?
Also:
Sam says she trades GBP/USD (her previous threads prove this), I don't know if this is such a good idea at the moment as it's WAY to choppy and changy right now, I have tried entering a couple times with no sucess, problem is, one CAN'T REALLY determine how LONG our little trend is gonna be, i have been trying to enter lately because i hear month end to beg next month is trendy for pairs (esp EUR/USD)
Txs guys
  • #1,898
  • Jun 4, 2010 3:30am Jun 4, 2010 3:30am
Quoting iamboston
Not sure if this has been covered yet, but have you looked at mptm, by i believe steve hopwood (correct me if i'm wrong please) this is a trade management tool i use quite often especially for a reliable exit. I found it at ff and have been using it as an exit strategy for ALL the ea's i use.
What is MPTM???????? and how does one use? Can you link or explain?
  • #1,899
  • Jun 5, 2010 3:15pm Jun 5, 2010 3:15pm
Quoting zukies
I don't know if anyone else is using Sams semi auto method with FB, now SURELY you can't JUST ACTIVATE the EA and expect it to start running...or can you, does one really HAVE to wait for this 5-8 indicator before you "awaken the great beast"?
Sam says she trades GBP/USD (her previous threads prove this), I don't know if this is such a good idea at the moment as it's WAY to choppy and changy right now, I have tried entering a couple times with no sucess, problem is, one CAN'T REALLY determine how LONG our little trend is gonna be

LOL... there's ALWAYS a problem with indicator-based trading which is a long-held secret among the 5% successful traders. Folks may well heed my candid advice and go for S&R trading using either a bot or manual system
From the tips to the dips, it's all about the pips
  • #1,900
  • Jun 5, 2010 3:28pm Jun 5, 2010 3:28pm
Quoting theforexpert
LOL... there's ALWAYS a problem with indicator-based trading which is a long-held secret among the 5% successful traders. Folks may well heed my candid advice and go for S&R trading using either a bot or manual system
Is that how you got the results in your signature?
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