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Momentum Trader EA

  • #41
  • Mar 9, 2010 6:48pm Mar 9, 2010 6:48pm
Quoting bumasoft
If you tell me how to download all that data, I'd be glad to. This might sound (and could actually be) stupid, but I couldn't figure out how to load more historical data to test it. Trying to download from the MetaTrader History Center doesn't help. Any ideas?

Thanks
That's how i download it. Tools->History Center -> Pair -> M1

I can get all the data needed. You can try FxPro Metatrader and they have all the data for sure or i can help test it if you got a trial only version.
  • #42
  • Mar 9, 2010 7:09pm Mar 9, 2010 7:09pm
Quoting AndsX
That's how i download it. Tools->History Center -> Pair -> M1

I can get all the data needed. You can try FxPro Metatrader and they have all the data for sure or i can help test it if you got a trial only version.
Don't have a trial yet, ok I will download an FxPro demo and try that. I will upload the statements tomorrow for sure - it's 3 am here now, not sure if I can hold it longer -

Thank you!
  • #43
  • Mar 10, 2010 9:04am Mar 10, 2010 9:04am
Quoting bumasoft
If you tell me how to download all that data, I'd be glad to. This might sound (and could actually be) stupid, but I couldn't figure out how to load more historical data to test it. Trying to download from the MetaTrader History Center doesn't help. Any ideas?

Thanks
hey bumasoft..... you might remember my mentioning that in my first post.... it was obvious you had the ibfx minimum number of bars available on your backtest date....

to download the maximum bars available on any given day, from ibfx, open the chart.... under the charts tab , deselect 'auto scroll'..... now using the left arrow, click and keep clicking till the chart stops adding bars..... you can also watch lowest right corner of the platform for the kb's to stop rising.....

you'll need to do that for every timeframe and every pair.... even if it's pairs/timeframes you do not currently use..... it's a pain.... have a couple cold one's close by.....

however, the bright spot is once it's done, it's done..... after that, a properly coded indicator or expert can keep all the files uptodate..... so your backtests can then span years....


in a sense the most historical bars are being lost everyday as new bars come in, ibfx has a maximum number on hand...... so the sooner someone starts saving them, the more they will have....... my hst files are huge because i've been doing this for years....


to increase the modelling quaility, run the test on 'every tick' mode and do not backtest further back than you have minute bars available.... you can still backtest the higher timeframes, just limit the length to your oldest minute bar.....

//--------

and fwiw,....

i clearly understand bumasoft's position and his concerns are valid.....

most importantly, at least to me, is i am respectful but not naive..... within in hours of his first post i was puting every trade in his backtest on the charts.....

without a doubt, the trades were based on momentum, accurate and with no trickery......h
to trade and code, keep both simple... no call to impress....h
  • #44
  • Mar 10, 2010 9:07am Mar 10, 2010 9:07am
Quoting hayseed
without a doubt, the trades were based on momentum, accurate and with no trickery......h
no one denied that.. many other aspects were brought up
  • #45
  • Mar 10, 2010 10:04am Mar 10, 2010 10:04am
Quoting Sim
no one denied that.. many other aspects were brought up

hey sim..... my post was to mention how to download and begin a historical data collection not available to the average person....

this is handy when accessing how an ea would have made out over the long haul or a particular month long gone by.... within reason that is.....

//---
reluctantly added the fwiw.... please don't take it incorrectly..... i meant no harm......h
to trade and code, keep both simple... no call to impress....h
  • #46
  • Mar 10, 2010 10:23am Mar 10, 2010 10:23am
yep cheers... that info about historical data was very valuable thanks what did you mean watch the corner to see kb's stop rising??
  • #47
  • Mar 10, 2010 10:39am Mar 10, 2010 10:39am
hey sim.... look in the lower right of the chart below, you'll see 43963/133 kb....

as you force download the data by pressing the left arrow, the 43963 number will rise.... once it stops climbing, you have the maximum available for that chart......

if you look at your charts , odds are the number will be very small.... but as you download it will climb..... if you restart the program it goes back to 0.....

i have ea's and indicators running full time that keep everything up to date..... so don't expect my numbers to be typical......h
Attached Image (click to enlarge)
Click to Enlarge Name: kbs.jpg Size: 127 KB
to trade and code, keep both simple... no call to impress....h
  • #48
  • Mar 10, 2010 11:05am Mar 10, 2010 11:05am
wow that's awesome thanks h... why do your candles look so pretty? also do you know how to get rid of candle spacing (make them directly next to eachother like other platforms)
  • #49
  • Mar 10, 2010 11:08am Mar 10, 2010 11:08am
Enough talk about backtesting already. I want to know if you have a real money account posted to a site like www.myforexbook.com?
  • #50
  • Mar 10, 2010 11:44am Mar 10, 2010 11:44am
Hi guys,

Thank you for all the info about the backtesting process. It helps a lot. I will upload statements in a few minutes for GBPJPY and GBPUSD with 5 years of data. Unfortunately, the results for 5 years are not that cheerful . Not sure if the EA is not working or it just needs TP/SL/Trailing stop updates as time goes by and market conditions change. That being said, I decided I would send anyone a one month trial for free so they can test and find the best settings (I will provide best settings I have found for 2009 up to today on GJ, GU and UJ). If anyone wants to buy it after that month, then I only require a 100$ paypal payment. The original price was 500$, BUT I am not satisfied with how it worked in the past, so I don't think it's fair anymore to charge that. I appologize publicly for not backtesting on multiple years from the start.

So, the conclusion is that it still makes profit over those 5 years, but not as nice as I would have thought. Since 2009 till today, though, it worked great...

As for myfxbook.com, I do have a live account there, but since I only tested it for 7 trading days, I don't think it's meaningful yet. I should have at least one or two months of live testing before releasing something significant.

Thanks

Edit: Those that want the trial are required to drop a comment on my site ( howdoyouforex.com ) saying that you are interested in the EA. This is just so that I have your email. As a commercial member, I can't send private messages, from what I've been told.
  • #51
  • Mar 10, 2010 12:08pm Mar 10, 2010 12:08pm
......lol See I wasn't meaning to be harsh in my opening replies,,only honest mate
  • #52
  • Mar 10, 2010 12:11pm Mar 10, 2010 12:11pm
Quoting Sim
......lol See I wasn't meaning to be harsh in my opening replies,,only honest mate
I never said you weren't honest, just a bit too ironic . It's ok anyway. You can also see I wasn't meaning to rip all you guys off, when I see something's wrong, I say it
  • #53
  • Mar 10, 2010 12:13pm Mar 10, 2010 12:13pm
Yep cool I see that.. but momentum based EAs are prone to only working short term and that was the concern I was trying to get to the bottom of from the outset.. Good luck anyway, your astro indicator looks oddly strange heh, do you use it in live trading?
  • #54
  • Mar 10, 2010 12:16pm Mar 10, 2010 12:16pm
Quoting Sim
Yep cool I see that.. but momentum based EAs are prone to only working short term and that was the concern I was trying to get to the bottom of from the outset.. Good luck anyway, your astro indicator looks oddly strange heh, do you use it in live trading?
Well, I won't stop until I code a rock solid EA or die in the process . Anyway, I have used the astro indicator for a while, but I let it go soon. It's pretty good at spotting short term (M15) turning points, but there is some discretion involved. It's not for the usual trader, just for Gann/Astro loonies LOL
  • #55
  • Mar 10, 2010 12:20pm Mar 10, 2010 12:20pm
Here's the 5 year backtest on GBPJPY and GBPUSD. Not a pleasant sight, really, but at least it's on the positive side, unlike stuff I bought that would blow your account in one or two months. Oh, and I forgot Forex Ultrabot, which is a huge scam that makes you think it has 88% accuracy. But that's just on the backtest, since their EA connects to their web database and filters the signals so that it only takes the good past signals and just a few bad ones. When you forward test, it trades the normal system, which blows the hell out of your account. Just a heads up on people that are enticed in buying that crap.

So, here are the results. If anyone wants the trial, you know what you have to do.

Cheers
Attached File(s)
File Type: zip 5year_backtest.zip   103 KB | 532 downloads
  • #56
  • Mar 10, 2010 12:27pm Mar 10, 2010 12:27pm
I have liked the tone of your comments from the startl. Like you I am a techie and its great to get away from the hype and back to reality. I especially like your admission about the disappointing 5 years results. You are probably right about adjusting the SL/TP to account for market conditions. Solving that problem is almost like finding the Holy Grail. It is something I have given a lot of thought to.

So I will take you up on your offer of a one month trial and I will provide feedback. I would leave a comment on your website but I can't find the place to do it.
  • #57
  • Mar 10, 2010 12:31pm Mar 10, 2010 12:31pm
Quoting CodeMeister
I have liked the tone of your comments from the startl. Like you I am a techie and its great to get away from the hype and back to reality. I especially like your admission about the disappointing 5 years results. You are probably right about adjusting the SL/TP to account for market conditions. Solving that problem is almost like finding the Holy Grail. It is something I have given a lot of thought to.

So I will take you up on your offer of a one month trial and I will provide feedback. I would leave a comment on your website but I can't find...
Thank you, Codemeister. Take a look here: http://howdoyouforex.com/2010/03/01/...pip-collector/ on the bottom, where it says "Have something to say?"
  • #58
  • Mar 10, 2010 12:48pm Mar 10, 2010 12:48pm
Quoting bumasoft
Well, I won't stop until I code a rock solid EA or die in the process . Anyway, I have used the astro indicator for a while, but I let it go soon. It's pretty good at spotting short term (M15) turning points, but there is some discretion involved. It's not for the usual trader, just for Gann/Astro loonies LOL
Did you use any neural net software to get down to the real relationships of the astro stuff?
  • #59
  • Mar 10, 2010 12:58pm Mar 10, 2010 12:58pm
Quoting Sim
Did you use any neural net software to get down to the real relationships of the astro stuff?
No, Sim. The idea behind this is that people's behaviour is influenced by the planetary magnetism. This indicator just uses astronomical algorithms to measure planetary positions and the angle between them. There are key angles/alignments that impact people because of the magnetism that they send to our planet. Considering the fact that people get influenced when these things happen, we might consider that they're decisions also get influenced and that means their trading decisions also. So, plainly speaking, trend/momentum shifts tend to occur at those times. The indicator just provides you with the TIME component of trading, which few of us use. You also need the price component (price action, support/resistance) in order to make a trading decision AT the times indicated by NaturalCycle. Hope I was clear
  • #60
  • Mar 10, 2010 1:31pm Mar 10, 2010 1:31pm
Add me to skype mate, ID: simjohal
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