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Old Dog with New Tricks

  • #601
  • Jul 29, 2010 6:55pm Jul 29, 2010 6:55pm
Quoting unknown2u
Based on peoples experience with this EA...are the default settings the best or has anyone come up with some really good settings?
... well, in my view it's to early to say anything about the settings, as the EA is only out for short time and no-one (except RR) have done any comprehensive testing yet.
I reckon, that Ronald put the defaults for a reason and they're optimum in general, but of course some adjustment to stop-loss/take-profit are necessary because
each currency pair is slightly different and behave individually too (spread, range, length of swings and so on ...)
on another hand, as Ronald pointed-out few pages back, this EA is not to "set and forget" ... it has to be monitored and adjusted accordingly to changing conditions.
So, ... keep experimenting, ... be patient ... and share your observation with others ...

Regards,
Darek
  • #602
  • Edited 8:33pm Jul 29, 2010 8:20pm | Edited 8:33pm
Quoting rfking2
In fact if I were to estimate what happened with no other info. I would say that the bot was trading a counter strategy while the market was breaking out. And every time it hit its SL, it would place another counter trade going further in the hole. In the version I released, I added a parabolic sar shift to prevent that from happening.

But its hard to guess when I don't have enough info on the 27 trades.
Have you found your EA with this added setting to have more consistent winners?

Feel free to take a look at the trades I was speaking of...it was actually 25 in a row...
http://www.mt4i.com/users/buildingresults1
access code 3908

The first trade was on 7/28/10 at 08:29...starts with a sell EurUsd trade...loss of $80.
What I don't understand is why the 1st 5 trades hit SL, then the next 8 were losses but didn't hit SL.
Then a few mins later there were buys placed for EurUsd.

On a side note...does anyone have this issue with MT4?
When I close down MT4 OR change the "max bars in history or max bars in chart..." I lose all the imported data history!! Very frustrating!
  • #603
  • Jul 29, 2010 8:23pm Jul 29, 2010 8:23pm
but if we could ever get it to actually be a "SMART" EA then it should automatically adjust these settings itself as time progresses. Surely this has got to be a possibility such as artificial intelligence
  • #604
  • Jul 29, 2010 9:55pm Jul 29, 2010 9:55pm
Quoting kneal
but if we could ever get it to actually be a "SMART" EA then it should automatically adjust these settings itself as time progresses. Surely this has got to be a possibility such as artificial intelligence
The EA already does adjust itself. You only need to supply a fixed takeprofit (Reverse = True) or a fixed stoploss (Reverse = False).
  • #605
  • Jul 30, 2010 7:14am Jul 30, 2010 7:14am
Quoting Ronald Raygun
The EA already does adjust itself. You only need to supply a fixed takeprofit (Reverse = True) or a fixed stoploss (Reverse = False).
Is this already set in the default settings or do we need to set this ourselves?
  • #606
  • Edited 12:12pm Jul 30, 2010 10:29am | Edited 12:12pm
Quoting unknown2u
Have you found your EA with this added setting to have more consistent winners?

Feel free to take a look at the trades I was speaking of...it was actually 25 in a row...
http://www.mt4i.com/users/buildingresults1
access code 3908
Looking at your statement, I think that's exactly what happened. Using the parabolic shift on a 5m chart would have made your EA wait until 10:20 to place those sales. (If my timezone calculations are correct) Then they would all ended in profit, assuming by that hour the EA was still counter trading.

Using a parabolic shift is just a safety net to prevent DD while counter trading in a trending market. I haven't had time to add this to the self optimizing version, so if you give me a second.......

I just added it, so it is fresh and should work but needs to be tested.

Good luck and happy trading.


EDIT: After testing, this version is taking trades correctly. Please let me know if you have any problems.
Attached File(s)
File Type: mq4 Parabolic Sub.mq4   7 KB | 392 downloads
File Type: mq4 Rfking2 HiLo Self Optimizing [TD].mq4   55 KB | 343 downloads
  • #607
  • Jul 30, 2010 10:39am Jul 30, 2010 10:39am
Quoting rfking2
Looking at your statement, I think that's exactly what happened. Using the parabolic shift on a 5m chart would have made your EA wait until 10:20 to place those sales. (If my timezone calculations are correct) Then they would all ended in profit, assuming by that hour the EA was still counter trading.

Using a parabolic shift is just a safety net to prevent DD while counter trading in a trending market. I haven't had time to add this to the self optimizing version, so if you give me a second.......

I just added it, so it is fresh and should work...
Cool.
I'll try to test it next week. I assume have to load that indicator also.

You trade it on the 5m? I've been trading it on the 1m.
If I import data from the website RR suggested...when importing do I just import it on the 5m instead of the 1m like I have been doing?
  • #608
  • Jul 30, 2010 10:46am Jul 30, 2010 10:46am
Quoting unknown2u
Cool.
I'll try to test it next week. I assume have to load that indicator also.

You trade it on the 5m? I've been trading it on the 1m.
If I import data from the website RR suggested...when importing do I just import it on the 5m instead of the 1m like I have been doing?

When using a parabolic with this EA I do trade on the 5m chart to prevent whipsaws. If you test HiLo you will notice that 1m and 5m take almost exactly the same trades, so you shouldn't loose any functionality. Yes you should import 5m as well as 1m.
  • #609
  • Jul 30, 2010 11:44am Jul 30, 2010 11:44am
How does Parabolic Sub differ from MT4's PSAR? Glancing through the code I can't see anything jumping out at me.
  • #610
  • Edited 1:21pm Jul 30, 2010 11:56am | Edited 1:21pm
Quoting zoogle
How does Parabolic Sub differ from MT4's PSAR? Glancing through the code I can't see anything jumping out at me.
I have a problem with Parabolic in MT4 updating correctly. The dots are never where they should be. Parabolic Sub plots the same as when I manually chart the formula out.
  • #611
  • Jul 30, 2010 1:43pm Jul 30, 2010 1:43pm
Based on results this week seems like UsdJpy is the best pair out of some of the majors I tried.
May just try running that one pair next week and see what happens!
  • #612
  • Jul 30, 2010 1:50pm Jul 30, 2010 1:50pm
This past week wasn't so hot for EU, the only pair I've tried so far. My equity more or less just chopped up and down (no edge).
Ron runs this on many pairs; I wonder if this isn't the way to go. The idea is that while one or more pairs are not cooperating, there are others that are. It might smooth out overall performance.
You are in a maze of twisty little passages, all alike.
  • #613
  • Jul 30, 2010 1:58pm Jul 30, 2010 1:58pm
Quoting stevegee58
This past week wasn't so hot for EU, the only pair I've tried so far. My equity more or less just chopped up and down (no edge).
Ron runs this on many pairs; I wonder if this isn't the way to go. The idea is that while one or more pairs are not cooperating, there are others that are. It might smooth out overall performance.
That could be. Issue is trying to narrow down which are the best pairs.
I ran EU this week and it stunk!
I think RR funds a bunch of pairs. I'd think that would be pretty computer intense.
  • #614
  • Jul 30, 2010 2:04pm Jul 30, 2010 2:04pm
Ron's running 30 pairs on a machine with 16GB LOL.
You are in a maze of twisty little passages, all alike.
  • #615
  • Jul 30, 2010 2:09pm Jul 30, 2010 2:09pm
Quoting stevegee58
Ron's running 30 pairs on a machine with 16GB LOL.
That's what I heard!
I am running 2gb of ram now and was thinking of adding more but from what I have heard adding more won't speed up the MT4 platform...but just allow me to run more MT4 platforms at once.
  • #616
  • Jul 30, 2010 2:24pm Jul 30, 2010 2:24pm
Quoting unknown2u
Cool.
I'll try to test it next week. I assume have to load that indicator also.

You trade it on the 5m? I've been trading it on the 1m.
If I import data from the website RR suggested...when importing do I just import it on the 5m instead of the 1m like I have been doing?
Import to 1M, then convert to 5M. Otherwise, you'll have 1M data in the 5M timeframe.
  • #617
  • Jul 31, 2010 1:45pm Jul 31, 2010 1:45pm
thank you for your contribution im new and will consider it before live trade with it
  • #618
  • Jul 31, 2010 11:13pm Jul 31, 2010 11:13pm
Dear Group,

During my first week of trading, Ronald's IM won 17 of 19 trades. This is really exciting -- Thanks Ron!

Here's a question: I am get the error message "Error: Not enough bars to optimize for symbol: GBPCHF." How can I correct this and optimize my use of bars?

Thank You,
Jay Allen

Attached Image
  • #619
  • Aug 1, 2010 3:15am Aug 1, 2010 3:15am
Quoting Jay Allen
Dear Group,

During my first week of trading, Ronald's IM won 17 of 19 trades. This is really exciting -- Thanks Ron!

Here's a question: I am get the error message "Error: Not enough bars to optimize for symbol: GBPCHF." How can I correct this and optimize my use of bars?

Thank You,
Jay Allen

Attachment
If you press F2 you check how much history you have on this pair. If this is less then the number of bars you want to optimize then you need to download or import more data. RR has posted a link somewhere in this thread with a free source of historical data. Let me see... http://www.forextester.com/data/datasources.html
  • #620
  • Aug 1, 2010 10:54am Aug 1, 2010 10:54am
Thanks MorningMania. How many bars do you recommend?

Regards,

Jay Allen
Dallas, Texas
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