Extreme scalping using neural networks - EA/Manual

I dont know why but When I tried to instal EA into my MT4 it doesn't work?

My broker is XTB(demo - and here I tried to install) and Admiral Markets ( real).

Any ideas?

If your interested the mq4 file for version 13 is here http://www.forexfactory.com/showthread.php?t=222915

I have been running version 15 and although there are times the draw downs look bad it has been making a nice profit with few losses.

Neuro's basic idea may very well be sound and really hasn't changed since the early version he posted in source form. It's a 4 layer NN with 2 internal layers of 12 and 18 neurons, a 1-neuron output layer and an N-neuron input layer where N is the number of price points you're looking at.

After training on earlier price data, he feeds the close prices of the N most recent 30 minute bars. The output is a predicted close price for the current bar. If the predicted close price is above the current price, you go long with a TP at the predicted price. Same goes for a predicted close below current price except you go short.

There are some other nuances such as only trading during a certain time window, etc. But that's how it works in a nutshell.

Unfortunately I think neuro fell into the trap of tinkering with the basic idea too much while also fixing bugs. If he had stuck with fixing bugs it'd probably work better right now.

I could see taking the basic NN close price predictor and starting over with a simpler approach. A first step for the interested student would be to determine statistically how accurate the close price predictions are. This would be how one would find if the close price NN has an edge at all. It may or may not but it can be tested and determined.

A measurement something like "the NN predicts the close price within X pips Y% of the time" would be useful. I might do this in a month after I've finished the digital signal processing class I'm taking.

IMO, 16 input neurons is hardly enough to cover every possible scenario.

+22 pips for last nights session. (EURUSD only)

I'm moving my start time to 1800 GMT because the end of NY session has been active.
My 1700 trade has either been a loser or long drawdown, which prohibits profitable swing trades from occuring.

The EA trades the swings brilliantly after 1800... currently.

Hi All

I have the start time set at 1700hrs and finish at 0500hrs...and its working ok, but the offset is set to 0.....I live in London, so my GMT offset is +1, my broker is FXPro which is GMT+3.....

So any ideas please what the offset should be please. Im guessing it should be +1.

Many Thanks


ab1

If I remember right, the offset is only for backtesting. If not backtesting just leave at default.

has anyone run this yet on a "live" account (not demo)?
Odysseus

Have you read the last 10 or so posts? Look at post #412 for your answer.

Hi Ab1

im using fxpro as well, how are your results with this broker, mine are mixed..

sami

Nice expert, thanks! Look great at first and I will check it out...

good ea downloading and trying now

Hi Sami

I think the EA so far has proved profitable on FXPro and Ive been impressed with it, I will continue to test it for another week or so before going live, but so far looks very good.

Attached are my results since Ive been using it.

Cheers

ab1

Damn ***%^*%*&**!!!!!

I started the expert in the office on my real accaunt and now I see a position on a big minus - over 100 pips.... ***(&^&^*& ..... And now I can't stop the rock and roll...

I will think about lowering the **** high level of stop loss - 140 pisp.....

IBFX - LIVE account on EURUSD and USDCHF 30min.
1800 - 0500 GMT.

+21 pips for last nights session.

I had an open USDCHF position open past 0500 into the US session. Luckily it finally closed out when the position went +1. The program closed it out.

That needs to be fixed. I'd rather not have a position open for it to "hopefully" become positive.

Anyone talk to the originator on his board (the reason why he got kicked?)?

I'm testing that thing but the EA is all messed up.

Anybody got it to work? PM me. Thanks!

Crodzilla, thank you for keeping posting. The reason why he got kicked... honestly I have bad thoughts. 456 pips last session (23/24 June) with 11 pairs, that could be the horror for here advertised brokers.

Shame upon him who thinks evil upon it.

Vita

Im using 7 pairs ...can you tell me what pairs your currently using please.

For comparison Im using GBPUSD,EURUSD,USDCHF,AUSUSD,USDCAD,NZDUSD,EURCHF

Results continue to look promising (attached below), even though I didnt use the system on Monday, so it has 1 day missing since last Friday, but still impressive. Also worth noting that this account is in GBP.

One scarey thing was looking late last night the account was over -£1100 down at one point, but managed to recover, the stats say the maximum draw down has been about 11.5%.

ab1

Nice results, but what are your settings for:
Stop =
Trail =
TakeProfit =
UseFixedTP = True or False ?
.
.
.
Threshold=?

Results (also FxPro):
Trading time only from 19.00 GMT - 20.30 GMT

16/06: +31,10 pips
17/06: +27,80
18/06: -19,70
21/06: +42,30
22/06: -24,30

I allready gave it up until I saw your results, so I am a bit curious about your settings.

eTrader,