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PM Forex Strategy

  • #61
  • Jun 25, 2010 8:38am Jun 25, 2010 8:38am
Quoting iamnoel
You're the man!

Basically, the EA is working very good in Strategy Tester.


But some problem in MM, one thing I dont understand is why it opened with 0.20 lot, when the starting equity is 10,000usd?

RESULT posted:
EU, M30, May 1, 2010 to June 18, 2010. Will try to test other date/year and TF in a while.

In h1 timeframe, doesn't look good.


.
Money Management uses a formaula based on the total balance in the account, the Risk number in the variables, the Stoploss assigned for the trade (mostly EmergencyStopLosss value unless using FixedStopLoss feature) and the value of a tick for the currency pair.

The formula (below) tries to limit the risk of the trade to the Risk percent. So if Risk is 10 then If the StopLoss is hit your account should be down 10 percent.

Since this method does not really have a stoploss (I imposed a 500 pip Emergency stoploss as a default) I can re-write the mm formula to ignore the arbitrary StopLoss. This weekend I will re-read your MM method in the first post and see if I can get it right.

Mark


The actual Formula used is :
Lots = NormalizeDouble(AccountBalance()*Risk/StopLoss/(MarketInfo(Symbol(), MODE_TICKVALUE)),2);
EllisEdi Moving on to my next trade ...
  • #62
  • Jun 25, 2010 8:43am Jun 25, 2010 8:43am
Quoting stifland
Well , this is a new demo, but everything on website states it sure does. It is actually the official broker of one ea running at FPA.

FPA = ???

Forex Peace Army?

What is your Broker's name? I will download the mt4 client and test to see what the issue is...

Mark
EllisEdi Moving on to my next trade ...
  • #63
  • Jun 25, 2010 8:50am Jun 25, 2010 8:50am
Quoting Syahmi
Hi.... Is there any possibility to add micro account as well on your ea, instead of standard account ? I tried to change it to micro acct, but it didn't work... TQ

The EA Should work on micro account with no problems depending on how your broker handles micro accounts.

Does your broker handle micro lotsize by using lots the size of .01?
Does your broker handle mini lotsize by using lots the size of .1?
and Does your broker handle standardlotsize by using lots the size of 1?

If so, then the EA should work just fine.



You also have a couple of options on how to run this EA. If you set AutoMoneyManagement to false, you can set the Lot variable to whatever size you want. Then every day you could increase it or decrease it as you monitor your trades.


Mark

P.S. If you try to run this and it does not work properly, pm me or post about it and let me know your broker's name so I can download a demo version of it and debug it for you.
EllisEdi Moving on to my next trade ...
  • #64
  • Jun 25, 2010 8:53am Jun 25, 2010 8:53am
Good catch, (damn cut and paste !!! lol). I have changed my source code and will send it to iamnoel sop he can post it on the first post.



Quoting koyote44
hi EllisEdi,

i testet your EA over night and i think i discovered a bug. i had running a short order in profit but the EA refused to close the order so it went to long after hours. i have debugged through the code an added some debug messages.
after running some tests it shows an error 129 on closing the short orders.
after checking the manual some other EAs i have changed the following part of the CheckForClose()

[code] // if sell order...
EllisEdi Moving on to my next trade ...
  • #65
  • Jun 25, 2010 8:56am Jun 25, 2010 8:56am
Yes, please, EllisEdi.

But somehow, the results of further testing by Strategy Tester is not so encouraging...
  • #66
  • Jun 25, 2010 9:07am Jun 25, 2010 9:07am
we need some filter for ranging markets. im experimenting with mtf rsi but this limits the number of trades too much i think.
  • #67
  • Jun 25, 2010 9:42am Jun 25, 2010 9:42am
Quoting iamnoel
Yes, please, EllisEdi.

But somehow, the results of further testing by Strategy Tester is not so encouraging...
iamnoel,

Here is a new and improved, renamed EA. You can rename and alter the code freely.

Changes:
It should do the money management you want. If you leave the default risk at 10 then when you have 1000 in your acount your lotsize will 1/1000 of that based on the value of a pip in that currency. to see an example try running on EUR/USD, then on EUR/JPY The EUR/JPY lotsize will be slightly less because of the current value of a pip.

Bug fix of close of a sell order to the Ask price not the Bid price ...

I left the required Indicator as NonLagMA.ex4 as well since it aparently is the same as the latest version that I have source code for.

The accuracy of lot size will be down to 0.01

I did not include the global Unique number changes as I am still reviewing them and their purpose.

Mark

The New MM formula :
Lots = NormalizeDouble(AccountBalance()*Risk/100/(MarketInfo(Symbol(), MODE_TICKVALUE)),2);
EllisEdi Moving on to my next trade ...
  • #68
  • Jun 25, 2010 9:47am Jun 25, 2010 9:47am
iamnoel,

I am having issues uploading files. I will try again later ...

Mark
EllisEdi Moving on to my next trade ...
  • #69
  • Jun 25, 2010 10:05am Jun 25, 2010 10:05am
Quoting EllisEdi
FPA = ???

Forex Peace Army?

What is your Broker's name? I will download the mt4 client and test to see what the issue is...

Mark
Yes. Thanks Edi.

It is Gallant FX
  • #70
  • Jun 25, 2010 10:28am Jun 25, 2010 10:28am
After a few PM's I should explain.

I do not trade live with Ea's. I trade manually using a couple of indicators and discretion based on years of experience. I enjoy programming so when I have time I write Ea's and indictaors for people for free (usually if a thread catches my eye). I usually write these so that someone researching a method's profitablilty can get an idea of how it can work out and when they may have to "Change gears" due to market conditions.

I am not condemning trading with EA's. Many people do. I do not. I just use them to learn and to test ideas.

Mark
EllisEdi Moving on to my next trade ...
  • #71
  • Jun 25, 2010 11:37am Jun 25, 2010 11:37am
Upload is now working ... so here is the Updataed EA

Mark
Attached File(s)
File Type: mq4 PMForex_NonLagMa_EA_v1.mq4   27 KB | 1,158 downloads
EllisEdi Moving on to my next trade ...
  • #72
  • Jun 25, 2010 12:02pm Jun 25, 2010 12:02pm
stifland,

I downloaded the demo mt4 for your broker and ran the new EA against it. I started getting an Ordersend error 134 this means not enough money for the trade (see the expert and journal tab in MT4 or the Journal tab in Strategy tester). Something is different with how your broker determines the Pip value - probably because you have an extra digit on each pair. I will research more and get back to you.

In the mean time you should be able to set AutoMoneyManegment to false and set the Lots to what you would like (i.e. 1 or 0.1 I tried them both with success - but 0.01 is not a valid lot size with your broker)

OR if you want to use the Auto MoneyManagement set Risk to 1 (this setting seems to actually reflect the current MoneMangement as described for this method).


Mark
EllisEdi Moving on to my next trade ...
  • #73
  • Jun 25, 2010 12:54pm Jun 25, 2010 12:54pm
Quoting EllisEdi
stifland,

I downloaded the demo mt4 for your broker and ran the new EA against it....

Put it on several different ways edi. we'll see what happens.
I'm like you. Don't really use ea's to trade, but it is a puzzle
  • #74
  • Jun 25, 2010 12:56pm Jun 25, 2010 12:56pm
Quoting EllisEdi
Upload is now working ... so here is the Updataed EA

Mark
Ea is working perfectly. Thanks
  • #75
  • Jun 25, 2010 2:16pm Jun 25, 2010 2:16pm
Quoting EllisEdi
stifland,

I downloaded the demo mt4 for your broker and ran the new EA against it....
would th errors be under the expert tab?
  • #76
  • Jun 25, 2010 2:33pm Jun 25, 2010 2:33pm
Quoting stifland
would th errors be under the expert tab?
This should be a sell. i have no errors anywhere, also no trade
Anyway, not gonna worry over it. Cheers edi.
Attached Image (click to enlarge)
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  • #77
  • Edited 4:29pm Jun 25, 2010 3:24pm | Edited 4:29pm
Quoting iamnoel


So far, manual testing from May 1 - June 18 EURUSD on m30 timeframe yielded some 2000 pips. M15 timeframe around 1800 pips. I was hoping someone can make an EA, so together we can test other pair and other timeframes.

Here's the best part, using the "variable" 0.1% of the equity as the lot size, the 10k usd demo account grew to 96k usd!!!
iamnoel, it is a very interesting system and of course I'm very impressed with the results.

It seems to me that we could avoid a lot of bad trades if we check a bigger timeframe.

Let's say we work with M-15. Then for the long trade:

1. When candle 1 closed on M-15, the NonLagMa will turn GREEN on M-15.

2. Wait for confirmation - if candle 2 closed and the MA is still GREEN on M-15.

3). After that we check H-1. If the NonLagMa on H-1 is ALSO GREEN then we open a BUY at the open of candle 3 on M-15.
  • #78
  • Jun 25, 2010 6:54pm Jun 25, 2010 6:54pm
Hey everyone. The Nonlag MA is the same as a Nonlagdot, one draws a line, one draws dots. In the picture I have the NonlagMa (21), Nonlag dot (21) and then I placed a Nonlagdot (84) as a filter. I was thinking on a M15 chart - for a 1hour equivalent I would use 21 x 4 = 84. Seems to work pretty well.
Attached Image (click to enlarge)
Click to Enlarge Name: 2 nonlag.gif Size: 16 KB
Pips are like cabbage, the green ones are the tastiest!
  • #79
  • Jun 25, 2010 8:02pm Jun 25, 2010 8:02pm
Quoting Fokusnik
iamnoel, it is a very interesting system and of course I'm very impressed with the results.

It seems to me that we could avoid a lot of bad trades if we check a bigger timeframe.

Let's say we work with M-15. Then for the long trade:

1. When candle 1 closed on M-15, the NonLagMa will turn GREEN on M-15.

2. Wait for confirmation - if candle 2 closed and the MA is still GREEN on M-15.

3). After that we check H-1. If the NonLagMa on H-1 is ALSO GREEN then we open a BUY at the open of candle 3 on M-15.
but H1 could ne green during formation of the candle and end in red !!!

but i agree on the mutiple tf idea, it saves you some bad trades
  • #80
  • Jun 25, 2010 8:04pm Jun 25, 2010 8:04pm
Quoting cabbagepicker
Hey everyone. The Nonlag MA is the same as a Nonlagdot, one draws a line, one draws dots. In the picture I have the NonlagMa (21), Nonlag dot (21) and then I placed a Nonlagdot (84) as a filter. I was thinking on a M15 chart - for a 1hour equivalent I would use 21 x 4 = 84. Seems to work pretty well.
cabbagepicker, I respectfully disagree. The NonLagMa doesn't repaint (at least so far I've never seen it repainting). It can change the color during the current candle formation, but after the candle formed - that's it, this part of the NonLagMa will never repaint.

And Nonlagdot repaints badly. Several times I saw it repainting the last 3-5 dots on M-15 and the last 2-3 dots on H-1.
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