Old Dog with New Tricks | Page 22 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Old Dog's Taming of the Beast? 34 replies

Old Dog Fib Trading - EA Development 18 replies

Old Dog Fib Trading - EURUSD 399 replies

5 Tricks of Trend Trading, by Rob Booker 25 replies

How To Work Around A Market Maker's Tricks 0 replies

Attachments: Old Dog with New Tricks
Exit Attachments

Old Dog with New Tricks

  • #421
  • Jul 20, 2010 9:13am Jul 20, 2010 9:13am
Okay... what am I missing/supposed to see?
  • #422
  • Jul 20, 2010 10:32am Jul 20, 2010 10:32am
RR, this screenshot shows my settings which are the default. I got the EA going yesterday and have completed 12 trades. I had 7 losers between 50 -103 pips and 5 small TP winners of 16 pips each. Overall, down 490 pips. Have 10 open trades now up a combined 62 pips.

I'm going to keep it running "as is" this week before tweaking although not knowledgeable sufficiently to know what to tweak. Anyway, I assume my settings are fine and if I there is an obvious error, I'd appreciate some feedback.

Also, I'm only planning on running HiLo Self Optimizing EA and not the original. I didn't read anything that said I needed both.

I'll report how my week goes next Monday...Rando
Attached Image (click to enlarge)
Click to Enlarge Name: rr_072010.gif Size: 13 KB
  • #423
  • Jul 20, 2010 10:48am Jul 20, 2010 10:48am
Quoting Randolermo
RR, this screenshot shows my settings which are the default. I got the EA going yesterday and have completed 12 trades. I had 7 losers between 50 -103 pips and 5 small TP winners of 16 pips each. Overall, down 490 pips. Have 10 open trades now up a combined 62 pips.

I'm going to keep it running "as is" this week before tweaking although not knowledgeable sufficiently to know what to tweak. Anyway, I assume my settings are fine and if I there is an obvious error, I'd appreciate some feedback.

Also, I'm only planning on running HiLo Self Optimizing...
How'd you manage -103 pips? Default SL is 200, unless you're on a 4 digit broker?
  • #424
  • Jul 20, 2010 10:51am Jul 20, 2010 10:51am
Thanks Ron for explanation of how the backtesting works.
What about different settings I want to run - should I change the prefix of the output files for each of the 3 EA I'm running with different set of settings (assuming the collected data is only setting-specific)?
2nd quesion: how will EA react to the fact that more than one of HighestSuccessScore, HighestRiskReward, HighestWinRate, HighestProfit is set to true?
  • #425
  • Jul 20, 2010 11:54am Jul 20, 2010 11:54am
Quoting Ronald Raygun
How'd you manage -103 pips? Default SL is 200, unless you're on a 4 digit broker?
Yeah, it is 4-digit broker, FXDD.

Are you saying I need to use 5-digit broker only?

Rando
  • #426
  • Jul 20, 2010 12:08pm Jul 20, 2010 12:08pm
Nope, just adjust pip values accordingly.
  • #427
  • Jul 20, 2010 12:10pm Jul 20, 2010 12:10pm
Quoting Ronald Raygun
Nope, just adjust pip values accordingly.
so... instead of using a 200 pip stop loss... we should be using 20 pip SL?
  • #428
  • Jul 20, 2010 12:41pm Jul 20, 2010 12:41pm
Quoting kneal
so... instead of using a 200 pip stop loss... we should be using 20 pip SL?
If you want to follow my defaults.
  • #429
  • Jul 20, 2010 12:50pm Jul 20, 2010 12:50pm
with 4 digit brokers yes...

example 20tp/20sl...

untill the brokers introduce a 7th digit...
  • #430
  • Jul 20, 2010 2:08pm Jul 20, 2010 2:08pm
Quoting Forexaccount
These are the results for the massive position openings. Looks great and this happened with the trailing stop option set to "false"
and you only used 8000 barToOptimize - not bad

RR, do u think downloading data from forextester.com has a better database than broker's own database? I'm testing alpari-uk and it's not doing so good.
  • #431
  • Jul 20, 2010 2:17pm Jul 20, 2010 2:17pm
Quoting getting
and you only used 8000 barToOptimize - not bad

RR, do u think downloading data from forextester.com has a better database than broker's own database? I'm testing alpari-uk and it's not doing so good.
ForexTester has FxOpen Data it seems--it matches the tick database bars that I built. The only reason why I use it is it has 10 years of data. In the past 10 years, we've gone through 3, arguably 4 market shifts. I don't expect the data to be accurate to the finite detail, but the overall shape general trends, big picture stuff should be there.

As for alpari data, I've been finding them less reliable as time moves on.
  • #432
  • Edited 3:45pm Jul 20, 2010 3:31pm | Edited 3:45pm
Quoting Ronald Raygun
How'd you manage -103 pips? Default SL is 200, unless you're on a 4 digit broker?

I actually changed my SL too. Simply because I never like to loose more than my margined investment. Then lowered it even more while optimizing my settings because statistically speaking, if you have a win rate of 50% you need to have a risk reward of at least 1.0 just to break even over time.
  • #433
  • Jul 21, 2010 3:35am Jul 21, 2010 3:35am
if follow his default, we would use 20 SL
  • #434
  • Jul 21, 2010 4:18am Jul 21, 2010 4:18am
The self optimizing EA won't open orders at all on IBFX 5 digit demo. I'm debugging the code now to see why.

It says the current signal is "open short" but the order is never actually executed. There are no error messages in the journal.
You are in a maze of twisty little passages, all alike.
  • #435
  • Jul 21, 2010 4:19am Jul 21, 2010 4:19am
Quoting stevegee58
The self optimizing EA won't open orders at all on IBFX 5 digit demo. I'm debugging the code now to see why.

It says the current signal is "open short" but the order is never actually executed. There are no error messages in the journal.
Set ECNBroker to true
  • #436
  • Jul 21, 2010 5:02am Jul 21, 2010 5:02am
Quoting Ronald Raygun
Set ECNBroker to true
Does a displayed TP value of 2590 make sense?

I set the EA's TP and SL values to 20 since it's a 5 digit server.
You are in a maze of twisty little passages, all alike.
  • #437
  • Edited 11:32am Jul 21, 2010 5:03am | Edited 11:32am
zoogle has alerted me to an interesting bug. Attached is the fixed code. The same inputs from this post still apply.

I also added [TD] capability.

[edit]

Make sure you read the terms and conditions in the source code.
Attached File(s)
File Type: mq4 HiLo Self Optimizing [TD].mq4   48 KB | 571 downloads
  • #438
  • Jul 21, 2010 5:04am Jul 21, 2010 5:04am
Quoting stevegee58
Does a displayed TP value of 2590 make sense?

I set the EA's TP and SL values to 20 since it's a 5 digit server.
No... and you do realize you set your TP/SL to 2 pips, right?
  • #439
  • Jul 21, 2010 5:12am Jul 21, 2010 5:12am
Am I right in thinking that if it says the current success score is 54 then I need to change my inputs for it optimize as the current settings are just not good variables as success score needs to be above 100 (I understand success score to be PF x 100)?
  • #440
  • Jul 21, 2010 5:30am Jul 21, 2010 5:30am
SuccessScore is calculated as Winrate * (Reward / Risk). I think the absolute bare minimum is 50.
1 trader viewing now