SSS EA v1.0 - Auto Trader Bot

Thanks for sharing your setfile for EURCHF xux99

Nick,
Just curious if u were able to get this to backtest on tickdata at all?

I run the EA v1.06 in the tester (no optimization) with the attached settings and I cannot make sense of the trades resulted. Hopefully somebody here can explain me what I'm doing wrong?

The attached settings file is intended to be run on M5 with TP=8 and no SL. Firstly, the trades are placed with no TP and SL, and later the EA modifies the trades adding a SL and a TP. I revised the settings many times and read the user guide, but I'm unable to figure out why the EA adds a SL, when I expect none, and a TP other than 8.0 pips.

Please help
Many thanks in advance.

Aimak

Set VisibleTP and VisibleSL to 0, you have set them to one pip.

I am trading with Wilko setups with few changes in various cc pairs on 30M time frame. Though it made quite nice trades most of the times open trades are always have Huge draw downs. But this EA closes trades with little profit are very meager loss.Also I ma not sure most of the times why and it makes trades. I am letting it run for few more weeks. I running this on FXCM demo.


http://www.mt4i.com/users/saranFX

Oh! So stupid of me

I misunderstood "VisibleSL" and "VisibleTP" as being switches not the actual limits in pips as other variables that end with "pips". I tried and the EA behaves more like I expect. Thanks a lot.

Aimak

UPDATE - Tazmaan is helping team SSS out with gathering tick data history for all the pairs that are profitable with EA. This is a mammoth task. Large round of applause for Tazmaan.

See post 1 for v1.07 plans.

As I am testing this on a VPS which does not allow me to access the normal program files folder. As a result the installer will not do a complete install, it installs the ea etc to specified folder but still tries to put the license.rtf etc in the default programs folder.

I know it is a minor issue but thought it was worth mentioning.

It's my pleasure to help any way I can (well not all that pleasurable now, but hopefully after it's all done! lol )

Taz you are a star!

Thanks, now lets make some money!!

Hey FF just wanted to update you guys on my progress, had to take a break from fx for a while to focus on my freelance work....

Here's a live test of what I've been doing http://www.myfxbook.com/members/natchos2/three/22569

Attached is the set, works on EURCHF m5. Works on the elasticity principle so don't try this on pairs that tend to "fall off a cliff". Ohh this is a set for Uranus but since it only uses DSS Bressert the same settings work on SSS

Any improvements are welcome.

I thank all of your efforts so far. Hope you find this helpful

-Joe

SSS has done quite well this week.

Notching many more profitable trades and trimming drawdown significantly.

http://www.mt4i.com/users/sss_ea_v103_wo_mptm/stats

http://www.mt4i.com/users/sss_ea_v103_w_mptm/stats

Interesting observation is that the account without MPTM has higher net equity than account with MPTM.

Balance is almost the same for both accounts.

Looking forward to testing the new Dukas tick backtesting set files soon. Tazmaan has got me the data - my workstation is working overtime crunching this new setfiles.

Plenty pips to all,

getdown71

Excellent results. For those of us (like myself) who have minimum lots 10x larger than those on these accounts and so are looking for individual pairs to trade, EURUSD is looking like a good bet. Thanks guys!

[quote=getdown71;3655326]Glenn,

My dev role and testing (back/forward) has proven that a hard SL/hedge is not as stable/profitable as the current setup. (My setup uses ATR based SL & TP plus indicator based exits)


Getdown,

Are you referring to the original settings when you say that you are using an ATR based SL?
The settings I see have only the TrailingstopAtrmultiplier with a value. This means that you in effect have no stop loss if the trade is negative from the start.
Is this correct?

thanks

Thank you for sharing, Johnny Karaoke !! Awesome stuff !!

Do you have an idea what the largest open DD was on your account? And doesn't the EURCHF "fall off a cliff" big time once in a while?

The ATR based SL is a TrailingStop.

In parallel to this there is a indicator(s) [1/2/3] based exits

I have not implemented a "hard" SL.

In the scenario you describe, the indicators will stop you out - where it will stop you out will depend on pair/setting and price action.

[quote=terminex;3672998]

First of all, yes I know backtesting is not that great in MT4.

I was wondering if anyone had done some backtesting on earlier years with the 1.06 EURUSD set files? I did most of 2008, and the results were OK, but there were some periods of choppiness and then also some periods of drawdown.

I guess I am most interested to see multi-year backtest results with that Dukascopy tick data at 99% quality

Not complaining - the EA seems very good - I am just wondering if it is me messin things up.

dukascopy tick data only goes back to 2007, sorry

Reply to bubo:

Largest drawdown on backtest from Jan to Dec 2009 is aprox 30%, largest drawdown demo is about 12%, don't quite remember... I haven't been actively backtesting since Feb. In the interest of full disclosure there is a "black swan" event on the EURCHF in the begging of DEC 2009 that wipes the account. It has to do with liquidity issues and people pulling out money so I don't recommend this be run in DEC or early JAN.

Look I've come to the conclusion that EVERY EA will wipe eventually, I've personally tested many commerical EA's and most EA's on FF. The ones that "don't" wipe are the ones that take like 1 trade per month, but if you go far enough those will wipe too.

Does EURCHF "fall off a cliff" sometimes? Yes, but what happens is Switzerland has some "informal" policies to keep the franc in check with the EURO, so we can take advantage of that with this setup. If we have enough wiggle room we can survive the fall, most of the time *gulp.

EURAUD is also intresting bc of the swap, I'd like to see this run SHORT only (or whatever the positive swap on that is i froget) to see if the swap is worth it.

Good luck to all,

-Joe


Reply to Winst (copypasta from myfxbook):

There was a post i made on the SSS thread that talks a lot about the theory behind this, its a long post but worth the read

I've come to the conclusion that a 1:3 ratio is ideal. So for example a lot size of 1% and a global TP of 3% etc.... I've stretched this to 2.5 and 7.5 on EURCHF without wiping in from Jan to Dec 2009.

I can tell you right off the bat the GU, EU, UJ, UCAD and AudUSD pairs will wipe pretty quickly. The loosing batches also have a cumulative effect on lot size and TP

I'm not super familiar with Steve's trade manager, I've played around with it however... Let me know how it goes.....

This backtests nicely so I'd recommend running it on the backtester before any demo accounts. I backtested this for over a month to get it just about right.

This is really based on chaos theory and all that goodness so starting conditions do a play a role, just a heads up.

If we go through May without any big problems I'm going live with this set.