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EAs under construction II

  • #181
  • Jul 17, 2010 10:50pm Jul 17, 2010 10:50pm
Bars in test1151
Ticks modelled303403
Modelling quality50.00%
Mismatched charts errors1
Initial deposit5000.00
Total net profit474.14
Gross profit474.14
Gross loss-0.00
Profit factor
Expected payoff39.51
Absolute drawdown45.85
Maximal drawdown175.06 (3.14%)
Relative drawdown3.14% (175.06)
Total trades12
Short positions (won %)10 (100.00%)
Long positions (won %)2 (100.00%)
Profit trades (% of total)12 (100.00%)
Loss trades (% of total)0 (0.00%)
Largest
profit trade210.90
loss trade-0.00
Average
profit trade39.51
loss trade-0.00
Maximum
consecutive wins (profit in money)12 (474.14)
consecutive losses (loss in money)0 (-0.00)
Maximal
consecutive profit (count of wins)474.14 (12)
consecutive loss (count of losses)-0.00 (0)
Average
consecutive wins12
consecutive losses0


What makes modelling quality only 50%?
About 5 weeks in test.
474 profit trading only .1 lots.
That seems pretty good.
  • #182
  • Jul 18, 2010 7:14am Jul 18, 2010 7:14am
Quoting stifland
so only MA 1 at 400?

I am using those original settings on v5--still running, but I don't see any losses yet. do you post results just with screen capture?

Ikon_Royal
open the report after tester finishes
right click on the report and save
the graph can be posted on ff like any gif
for the details, use copy and paste on the report itself for the details and paste directly into the post.
  • #183
  • Jul 18, 2010 7:26am Jul 18, 2010 7:26am
Quoting stifland
Bars in test...
>>> what causes poor modeling quality?<<<<
mismatched errors for one thing, there may be other factors but I don't know how this happens exactly. Would love to get the bottom of it get some 90% or better...
going to tools, history and downloading the 1 min data can help. It's definitely a bugaboo...
it is said n/a for modeling quality is as good as no test at all.....
so 50% is half a test?

The results for EURCHF setting are really attractive. 0 losses. hmmm.
EURCHF is one of the least volatile pairs. The Swiss bank intervene so much to keep it steady. But of course there is a huge stop loss for this strategy, so one loss and a year's worth of gains is wiped out..
not so attractive....

The ideal strategy is the one that
1. gives such a good entry that only a small stop is needed, because it can be detected very early if it is a bad trade or not
2. can catch a large move...
This really is where we want to go with this. And this ea is fully capable of doing it.
This is what we are working on now.

v6 is here and is being posted on the main page. The advantage of v6 is that the 2nd position now can exit earlier on a bad trade, it can be closed by a stop loss or when a candle breaches the hi lo channel, whichever is less expensive. For a bad long position, when a candle closes below the channel low. So it doesn't necessarily have to take the full stop loss depending on the settings.
  • #184
  • Jul 20, 2010 7:16am Jul 20, 2010 7:16am
Looks like the edit function is no longer available for the main page. this is going to make things a little difficult for updating.
EURCHF is setting up for the ea to take a short. If this goes through this willbe the first trade the ea has taken.
v6.0 has bug.
the closing of the pending orders is not quite right. We are working on it.
My hard drive failed a few days ago. Pretty much all my time lately has gone into setting up a new computer. It was probably due to all the mt4 testing. Just burnt the hard drive to ashes.
Attached Image (click to enlarge)
Click to Enlarge Name: eurchfsetting up.gif Size: 24 KB
  • #185
  • Jul 21, 2010 4:03am Jul 21, 2010 4:03am
Quoting jiva34
Looks like the edit function is no longer available for the main page. this is going to make things a little difficult for updating.
EURCHF is setting up for the ea to take a short. If this goes through this willbe the first trade the ea has taken.
v6.0 has bug.
the closing of the pending orders is not quite right. We are working on it.
My hard drive failed a few days ago. Pretty much all my time lately has gone into setting up a new computer. It was probably due to all the mt4 testing. Just burnt the hard drive to ashes.
Jiva,
how do you feel this ea copes with the interventions of the SNB?
I find more and more eas will not work because the central banks are intervening and hence we have a situation more like in 2008 and 2007.....during the first leg of the crises....any many eas stopped to be profitable, so Geoff's as well
  • #186
  • Jul 21, 2010 2:27pm Jul 21, 2010 2:27pm
Quoting Haishang
Jiva,
how do you feel this ea copes with the interventions of the SNB?
I find more and more eas will not work because the central banks are intervening and hence we have a situation more like in 2008 and 2007.....during the first leg of the crises....any many eas stopped to be profitable, so Geoff's as well
The intervention of SNB may actually be helping this ea in its 4hour setting.
The ea just took its first live trade. I closed the 2nd position early because it was just before Fed speak, but if I had left it alone and let the ea run it it would still be running going on over 100 pips looks like..
  • #187
  • Jul 21, 2010 2:31pm Jul 21, 2010 2:31pm
The ea's first live trade eurchf 4hr was good.
Attached Image (click to enlarge)
Click to Enlarge Name: eurchfyes.gif Size: 54 KB
  • #188
  • Jul 21, 2010 5:53pm Jul 21, 2010 5:53pm
USDJPY
Every tick
4 Hours (H4) 2010.01.04 00:00 - 2010.07.06 20:00 (2010.01.01 - 2010.07.07)

iMagicNumber=8435501; GMTOffset=3; TradeStartHour=1; TradeEndHour=24; Lots=1; TakeProfit1=20; TrailingStop1=140; TakeProfit2=50; TrailingStop2=300; StopLoss=140; PendingPips=70; ExpireCandles=4; DelayOrder2=20; CheckSlope=false; DSS_name="Robby DSS Bressert Colored with alert v1.1"; DSS_EMA=5; DSS_stoch=13; Use_T3MA=false; T3MA_name="T3MA"; T3MA_Periods=21; T3MA_VolumeFactor=0.7; Channel_EMAPeriod=200; Channel_EMAShift=0; ShowComment=true; EXP_MA_1="-------- MA settings --------"; EXP_MA_2="-- Method 0:SMA, 1:EMA, 2:SMMA, 3:LWMA"; EXP_MA_3="-- Timeframe 0:current or minutes"; Use_MA1=false; MA1_Timeframe=0; MA1_Period=0; MA1_Method=1; MA1_Shift=0; Use_MA2=false; MA2_Timeframe=0; MA2_Period=0; MA2_Method=1; MA2_Shift=0; Use_MA
3=false; MA3_Timeframe=0; MA3_Period=20; MA3_Method=1; MA3_Shift=0; Use_MA4=false; MA4_Timeframe=0; MA4_Period=55; MA4_Method=1; MA4_Shift=0; Use_MA5=false; MA5_Timeframe=0; MA5_Period=197; MA5_Method=0; MA5_Shift=0;

Bars in test 1794 Ticks modelled 954910 Modelling quality n/a
Mismatched charts errors 1855

Initial deposit 10000.00
Total net profit 2507.86 Gross profit 2510.71 Gross loss -2.85
Profit factor 880.95 Expected payoff 313.48
Absolute drawdown 1744.70 Maximal drawdown 1788.48 (17.81%) Relative drawdown 17.81% (1788.48)

Total trades 8 Short positions (won %) 4 (75.00%) Long positions (won %) 4 (100.00%)
Profit trades (% of total) 7 (87.50%) Loss trades (% of total) 1 (12.50%)
Largest profit trade 549.45 loss trade -2.85
Average profit trade 358.67 loss trade -2.85
Maximum consecutive wins (profit in money) 7 (2510.71) consecutive losses (loss in money) 1 (-2.85)
Maximal consecutive profit (count of wins) 2510.71 (7) consecutive loss (count of losses) -2.85 (1)
Average consecutive wins 7 consecutive losses

few trades, but looking good nevertheless
still having a problem with modeling quality
Attached Image (click to enlarge)
Click to Enlarge Name: dragon5_ht_USDJPY Jan-Jul2010.gif Size: 7 KB
  • #189
  • Jul 21, 2010 6:04pm Jul 21, 2010 6:04pm
iam currently trying to do some more forward tests, but im having difficulties on how to:

- keep track of which EA generated a specific signal/order, when testing two diferent versions of the same EA, on the same pair, but in diferent time frames and/or with different settings?

- do live and demo trading of this EA? (from what i understand it is only possible to have one instance of MT4 running at any given time, and on MT4 i can only log on to one account at a time

please, any help would be appreciated.

ps: if you think i am goinf off-toppic, please direct me to a link where i can get some answers.

thanks in advance.
  • #190
  • Edited 9:49pm Jul 21, 2010 6:27pm | Edited 9:49pm
Quoting nmtlopes
iam currently trying to do some more forward tests, but im having difficulties on how to:

- keep track of which EA generated a specific signal/order, when testing two diferent versions of the same EA, on the same pair, but in diferent time frames and/or with different settings?

- do live and demo trading of this EA? (from what i understand it is only possible to have one instance of MT4 running at any given time, and on MT4 i can only log on to one account at a time

please, any help would be appreciated.

ps: if you think i am goinf...
hmmm..
1st thanks for your reporting. I will run the same settings on aaafx and fxdd.
I don't mind if the trades are infrequent as long as they are consistent. I'd love to have 10 of these similar types of settings trading my account. Just think even if they only did one trade each per month....Only thing is the huge stop losses. At first I was using them in settings but now I see it is unwise. So we are shifting focus away from settings that huge the very large stop losses. But I will run some test on these settings, just to see.

More than one mt4? I have at least 8 set up and running simultaneously one 1 computer and 6 on another. And another 6 set up on vps. Different chart windows on the same account can manage different eas or the same ea with a different setting as long as the magic numbers are different. The magic number keeps the activities separate.

It is weird sometimes the same mt4 setup will open several trading platforms which I can log into different accounts with at the same time and sometimes it won't?
But when it won't I simply run the set up and install another mt4. this shouldn't be a problem. They don't use up much memory to run either so it's great. The problem then becomes how on earth to keep track of it all!!

We are working on a 5m setting that will knock your socks off... They say the 5min cannot be trade successfully. Well, we shall see...
http://img708.imageshack.us/img708/5145/desktopwp.png
  • #191
  • Edited 9:51pm Jul 21, 2010 9:14pm | Edited 9:51pm
Quoting nmtlopes
USDJPY
Every tick
4 Hours (H4) 2010.01.04 00:00 - 2010.07.06 20:00 (2010.01.01 - 2010.07.07)

iMagicNumber=8435501; GMTOffset=3; TradeStartHour=1; TradeEndHour=24; Lots=1; TakeProfit1=20; TrailingStop1=140; TakeProfit2=50; TrailingStop2=300; StopLoss=140; PendingPips=70; ExpireCandles=4; DelayOrder2=20; CheckSlope=false; DSS_name="Robby DSS Bressert Colored with alert v1.1"; DSS_EMA=5; DSS_stoch=13; Use_T3MA=false; T3MA_name="T3MA"; T3MA_Periods=21; T3MA_VolumeFactor=0.7; Channel_EMAPeriod=200; Channel_EMAShift=0; ShowComment=true; EXP_MA_1="--------...
Looks good, my friend!!
I am adding this setting to my portfolio.... It's named after you.
thank you so much..
2 things bother me though, the small sampling, only 6 trades and the huge stop loss... The following test was run the same time as yours, I will take it back a bit further, probably for a year to see what happens.
this was run FXDD with 90% modeling quality. will run on AAAFX next...
FXDD-MT4 Demo Server (Build 226)

SymbolGBPUSD (Great Britain Pound vs. United States Dollar) Period4 Hours (H4) 2010.01.04 00:00 - 2010.05.07 20:00 (2010.01.01 - 2010.07.07) ModelEvery tick (the most precise method based on all available least timeframes) ParametersiMagicNumber=4435621; GMTOffset=3; TradeStartHour=1; TradeEndHour=24; Lots=1; TakeProfit1=20; TrailingStop1=140; TakeProfit2=50; TrailingStop2=300; StopLoss=140; PendingPips=70; ExpireCandles=4; DelayOrder2=20; CheckSlope=false; DSS_name="Robby DSS Bressert Colored with alert v1.1"; DSS_EMA=5; DSS_stoch=13; Use_T3MA=false; T3MA_name="T3MA"; T3MA_Periods=0; T3MA_VolumeFactor=0.7; Channel_EMAPeriod=200; Channel_EMAShift=0; ShowComment=true; EXP_MA_1="-------- MA settings --------"; EXP_MA_2="-- Method 0:SMA, 1:EMA, 2:SMMA, 3:LWMA"; EXP_MA_3="-- Timeframe 0:current or minutes"; Use_MA1=false; MA1_Timeframe=0; MA1_Period=0; MA1_Method=0; MA1_Shift=0; Use_MA2=false; MA2_Timeframe=0; MA2_Period=0; MA2_Method=1; MA2_Shift=0; Use_MA3=false; MA3_Timeframe=0; MA3_Period=0; MA3_Method=1; MA3_Shift=0; Use_MA4=false; MA4_Timeframe=0; MA4_Period=0; MA4_Method=1; MA4_Shift=0; Use_MA5=false; MA5_Timeframe=0; MA5_Period=0; MA5_Method=0; MA5_Shift=0;
Bars in test1498Ticks modelled3636202Modelling quality90.00% Mismatched charts errors0




Initial deposit10000.00



Total net profit1300.00Gross profit1301.00Gross loss-1.00 Profit factor1301.00Expected payoff162.50

Absolute drawdown710.00Maximal drawdown1330.00 (12.52%)Relative drawdown12.52% (1330.00)
Total trades8Short positions (won %)6 (100.00%)Long positions (won %)2 (50.00%)
Profit trades (% of total)7 (87.50%)Loss trades (% of total)1 (12.50%) Largestprofit trade501.00loss trade-1.00 Averageprofit trade185.86loss trade-1.00 Maximumconsecutive wins (profit in money)5 (600.00)consecutive losses (loss in money)1 (-1.00) Maximalconsecutive profit (count of wins)701.00 (2)consecutive loss (count of losses)-1.00 (1) Averageconsecutive wins4consecutive losses1
Attached Image (click to enlarge)
Click to Enlarge Name: v7gbpusd4hnmtlopes.gif Size: 8 KB
  • #192
  • Edited Jul 22, 2010 12:39am Jul 21, 2010 11:51pm | Edited Jul 22, 2010 12:39am
Quoting nmtlopes
USDJPY
Every tick
4 Hours (H4) 2010.01.04 00:00 - 2010.07.06 20:00 (2010.01.01 - 2010.07.07)

iMagicNumber=8435501; GMTOffset=3; TradeStartHour=1; TradeEndHour=24; Lots=1; TakeProfit1=20; TrailingStop1=140; TakeProfit2=50; TrailingStop2=300; StopLoss=140; PendingPips=70; ExpireCandles=4; DelayOrder2=20; CheckSlope=false; DSS_name="Robby DSS Bressert Colored with alert v1.1"; DSS_EMA=5; DSS_stoch=13; Use_T3MA=false; T3MA_name="T3MA"; T3MA_Periods=21; T3MA_VolumeFactor=0.7; Channel_EMAPeriod=200; Channel_EMAShift=0; ShowComment=true; EXP_MA_1="--------...
As very often is the case when taking the test back longer, this was from July 09 to May 10 we can see the setting does not hold up in different market conditions. So it may be profitable for some time then oops,
a strategy with big stop loss is especially dangerous in this case.
It's like Russian roulette, little trades, little trades and each time thinking is this time the killer bad trade is going to strike?
The testing results vary so much from broker to broker also.
So this back testing is not really all that helpful for seeing overall profit. I primarily use it to study how the ea is opening and closing the trades given the data it is given. So I open the chart from a test and study the individual trades.
for that it is extremely useful if you are trying to build a robot.
But I do look at profitability from the test and then I will put the settings on a demo.

1st graph is AAAFX
2nd Graph is FXDD
they can vary quite a bit... In the aaafx chart we can the obvious effect of just one bad trade..... in a strategy that uses a huge stop loss....
JIVA Dragon EA DSS T3MA MAs testv7.0
FXDD-MT4 Demo Server 2 (Build 226)

SymbolGBPUSD (Great Britain Pound vs. United States Dollar) Period4 Hours (H4) 2009.07.01 00:00 - 2010.07.06 20:00 (2009.07.01 - 2010.07.07) ModelEvery tick (the most precise method based on all available least timeframes) ParametersiMagicNumber=4435621; GMTOffset=3; TradeStartHour=1; TradeEndHour=24; Lots=1; TakeProfit1=20; TrailingStop1=140; TakeProfit2=50; TrailingStop2=300; StopLoss=140; PendingPips=70; ExpireCandles=4; DelayOrder2=20; CheckSlope=false; DSS_name="Robby DSS Bressert Colored with alert v1.1"; DSS_EMA=5; DSS_stoch=13; Use_T3MA=false; T3MA_name="T3MA"; T3MA_Periods=0; T3MA_VolumeFactor=0.7; Channel_EMAPeriod=200; Channel_EMAShift=0; ShowComment=true; EXP_MA_1="-------- MA settings --------"; EXP_MA_2="-- Method 0:SMA, 1:EMA, 2:SMMA, 3:LWMA"; EXP_MA_3="-- Timeframe 0:current or minutes"; Use_MA1=false; MA1_Timeframe=0; MA1_Period=0; MA1_Method=0; MA1_Shift=0; Use_MA2=false; MA2_Timeframe=0; MA2_Period=0; MA2_Method=1; MA2_Shift=0; Use_MA3=false; MA3_Timeframe=0; MA3_Period=0; MA3_Method=1; MA3_Shift=0; Use_MA4=false; MA4_Timeframe=0; MA4_Period=0; MA4_Method=1; MA4_Shift=0; Use_MA5=false; MA5_Timeframe=0; MA5_Period=0; MA5_Method=0; MA5_Shift=0;
Bars in test1991Ticks modelled3211880Modelling qualityn/a Mismatched charts errors1529




Initial deposit10000.00



Total net profit-2300.00Gross profit6100.00Gross loss-8400.00 Profit factor0.73Expected payoff-54.76

Absolute drawdown6710.00Maximal drawdown6850.00 (67.55%)Relative drawdown67.55% (6850.00)
Total trades42Short positions (won %)16 (87.50%)Long positions (won %)26 (84.62%)
Profit trades (% of total)36 (85.71%)Loss trades (% of total)6 (14.29%) Largestprofit trade500.00loss trade-1400.00 Averageprofit trade169.44loss trade-1400.00 Maximumconsecutive wins (profit in money)24 (3900.00)consecutive losses (loss in money)2 (-2800.00) Maximalconsecutive profit (count of wins)3900.00 (24)consecutive loss (count of losses)-2800.00 (2) Averageconsecutive wins12consecutive losses2
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nmtlopes 1yr.gif Size: 10 KB
Click to Enlarge Name: v7gbpusd4hnmtlopes jan09tomay10loss.gif Size: 8 KB
  • #193
  • Jul 22, 2010 5:12am Jul 22, 2010 5:12am
Jiva my test was on USDJPY yours was on USDGBP. Can you do it on USDJPY?

Quoting jiva34
As very often is the case when taking the test back longer, this was from July 09 to May 10 we can see the setting does not hold up in different market conditions. So it may be profitable for some time then oops,
a strategy with big stop loss is especially dangerous in this case.
It's like Russian roulette, little trades, little trades and each time thinking is this time the killer bad trade is going to strike?
The testing results vary so much from broker to broker also.
So this back testing is not really all that helpful for seeing overall profit....
  • #194
  • Jul 22, 2010 8:29am Jul 22, 2010 8:29am
I now post the result of the backtest from as long as Jan 2007.

another thing i noticed is that it made very few trades for the refered period of time. any thoughts?

I changed the lot size to one i am more confortable with, so the profit is not that great, but you can see it had few losses and on very specific place in time, and the cause seems to be the SL that came short about 18 pips that Time.

Symbol USDJPY (United States Dollar vs. Japanese Yen)
Period 4 Hours (H4) 2007.01.02 08:00 - 2010.07.06 20:00 (2007.01.01 - 2010.07.07)
Model Every tick (the most precise method based on all available least timeframes)
Parameters iMagicNumber=8435501; GMTOffset=3; TradeStartHour=1; TradeEndHour=24; Lots=0.2; TakeProfit1=20; TrailingStop1=140; TakeProfit2=50; TrailingStop2=300; StopLoss=140; PendingPips=70; ExpireCandles=4; DelayOrder2=20; CheckSlope=false; DSS_name="Robby DSS Bressert Colored with alert v1.1"; DSS_EMA=5; DSS_stoch=13; Use_T3MA=false; T3MA_name="T3MA"; T3MA_Periods=21; T3MA_VolumeFactor=0.7; Channel_EMAPeriod=200; Channel_EMAShift=0; ShowComment=true; EXP_MA_1="-------- MA settings --------"; EXP_MA_2="-- Method 0:SMA, 1:EMA, 2:SMMA, 3:LWMA"; EXP_MA_3="-- Timeframe 0:current or minutes"; Use_MA1=false; MA1_Timeframe=0; MA1_Period=0; MA1_Method=1; MA1_Shift=0; Use_MA2=false; MA2_Timeframe=0; MA2_Period=0; MA2_Method=1; MA2_Shift=0; Use_MA3=false; MA3_Timeframe=0; MA3_Period=20; MA3_Method=1; MA3_Shift=0; Use_MA4=false; MA4_Timeframe=0; MA4_Period=55; MA4_Method=1; MA4_Shift=0; Use_MA5=false; MA5_Timeframe=0; MA5_Period=197; MA5_Method=0; MA5_Shift=0;

Bars in test 6454 Ticks modelled 8654191 Modelling quality n/a
Mismatched charts errors 1912

Initial deposit 10000.00
Total net profit 1636.52 Gross profit 2095.04 Gross loss -458.52
Profit factor 4.57 Expected payoff 30.31
Absolute drawdown 365.74 Maximal drawdown 679.03 (6.58%) Relative drawdown 6.58% (679.03)

Total trades 54 Short positions (won %) 34 (88.24%) Long positions (won %) 20 (100.00%)
Profit trades (% of total) 50 (92.59%) Loss trades (% of total) 4 (7.41%)
Largest profit trade 109.92 loss trade -228.70
Average profit trade 41.90 loss trade -114.63
Maximum consecutive wins (profit in money) 37 (1598.86) consecutive losses (loss in money) 2 (-457.38)
Maximal consecutive profit (count of wins) 1598.86 (37) consecutive loss (count of losses) -457.38 (2)
Average consecutive wins 17 consecutive losses 1
Attached Image (click to enlarge)
Click to Enlarge Name: dragon5_h4_USDJPY Jan2007-Jul2010.gif Size: 6 KB
  • #195
  • Jul 22, 2010 8:42am Jul 22, 2010 8:42am
I dont think i mentioned before, but i am currently testing only on FXDD Malta demo accounts.

here is the grapg representing the lost trades, to help visualize, i have put an additional horizontal line on a possible level where the trades would not have been stopped. since the general trend was correct, those trades would have been winners...
Attached Image (click to enlarge)
Click to Enlarge Name: dragon5_h4_USDJPY Jan2007-Jul2010_SL_reached.gif Size: 148 KB
  • #196
  • Jul 22, 2010 9:55am Jul 22, 2010 9:55am
Quoting nmtlopes
Jiva my test was on USDJPY yours was on USDGBP. Can you do it on USDJPY?

I guess that's what happens when I work like a lunatic for hours on end.
Take 2.http://t3.gstatic.com/images?q=tbn:A...Wy5fBDBp_CHfE=
  • #197
  • Jul 22, 2010 9:57am Jul 22, 2010 9:57am
Quoting nmtlopes
I now post the result of the backtest from as long as Jan 2007.

another thing i noticed is that it made very few trades for the refered period of time. any thoughts?

I changed the lot size to one i am more confortable with, so the profit is not that great, but you can see it had few losses and on very specific place in time, and the cause seems to be the SL that came short about 18 pips that Time.

Symbol USDJPY (United States Dollar vs. Japanese Yen)
[color=red]Period 4 Hours (H4) 2007.01.02 08:00 - 2010.07.06 20:00 (2007.01.01...
I really appreciate the way you are approaching the testing..
will get to work on USDJPY as soon as I can
  • #198
  • Jul 22, 2010 10:19am Jul 22, 2010 10:19am
Quoting jiva34
I really appreciate the way you are approaching the testing..
will get to work on USDJPY as soon as I can
just trying to do my part. let's create an EA with a range of winner settings.
  • #199
  • Jul 22, 2010 1:08pm Jul 22, 2010 1:08pm
Quoting nmtlopes
just trying to do my part. let's create an EA with a range of winner settings.
  • #200
  • Jul 23, 2010 12:24am Jul 23, 2010 12:24am
Quoting nmtlopes
I dont think i mentioned before, but i am currently testing only on FXDD Malta demo accounts.

here is the grapg representing the lost trades, to help visualize, i have put an additional horizontal line on a possible level where the trades would not have been stopped. since the general trend was correct, those trades would have been winners...
One thing is try filtering with using a moving average or t3ma to define the trend. The thick green curvy line in the chart is the t3ma, it is sloping up there and so a short would not have been taken. It takes some researching to find a suitable moving average that can filter out bad trades and not filter out too many good trades too.

On the EURCHF 4h setting I use t3ma 400.
But these are really dangerous settings when stop losses are so great and profit targets are so much smaller.

One way to try to compensate is to not set a limit to the 2nd position. Give it a wide trailing stop and no limit. The ea is designed so that the 2nd position will stop out for profit if a candle closes outside the channel. A short will stop out if a candle closes above the channel hi, and a long will stop out if a candle closes below the candle lo.

The channel acts a trailing stop.

That way it may be possible to capture hundreds of pips with the 2nd position. Offsetting the possibility of a huge loss with the large stop loss.

Just some ideas..

Basically I liked the 4hr with a fast channel, like a 2 and a 1 candle expiration for pending orders. The setting acted like a 2 candle breakout strategy. And that is what it does for eurchf 4hr setting.

We are working on a reverse setting modification for the ea. I am experimenting with it and it is giving very good results. It acts like a scalping ea on the 5 min with reverse settings.

All credit goes to Taiyakixz who is the genius coder and writer whose work has made this possible.
http://t1.gstatic.com/images?q=tbn:A...opyo8Em3NYljY=
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