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Old Dog with New Tricks

  • #721
  • Aug 9, 2010 4:25pm Aug 9, 2010 4:25pm
Quoting lovejoy80
Thanks...is that what TP -1 etc etc means then that settings are too 'high'.

I quickly tried it with very minimum SS and 0 WR and 0 RR and still got the same result?

I'll try again tomorrow with a different broker and see what happens. I'm surprised a WR>70 and SS> 90 doesn't produce any results though?
Try not to be to picky at the beginning till you get the taste of this bot... I would test it with a small increase of the settings, one of a time.. but that's me..
  • #722
  • Aug 9, 2010 4:28pm Aug 9, 2010 4:28pm
Quoting iulli
you are right, I know that.

Can you guys post some results? All I know is that i Had this bot with default settings last 3 days last week on 10 pairs, and it lost heavily and there were also lots of orders... over 50 orders actually. I am trying different settings this week supposedly there would be...
Its never wise to bet money against statistics. You are welcome to try, let me know if it works.
  • #723
  • Aug 9, 2010 4:31pm Aug 9, 2010 4:31pm
Quoting rfking2
Its never wise to bet money against statistics. You are welcome to try, let me know if it works.
Can you elaborate please? Also I have a question, I noticed some of the orders don't end up at take profit or stop loss.... Why is that? Is the bot closing some of the trades abruptly?
  • #724
  • Aug 9, 2010 4:50pm Aug 9, 2010 4:50pm
Quoting iulli
you are right, I know that.

Can you guys post some results? All I know is that i Had this bot with default settings last 3 days last week on 10 pairs, and it lost heavily and there were also lots of orders... over 50 orders actually. I am trying different settings this week supposedly there would be...
I set the stop for fixed, but I would also like the option to set my own TP.
  • #725
  • Aug 9, 2010 5:07pm Aug 9, 2010 5:07pm
Quoting iulli
Can you elaborate please? Also I have a question, I noticed some of the orders don't end up at take profit or stop loss.... Why is that? Is the bot closing some of the trades abruptly?
When you set up reverse trades the bot is optimizing for you to loose. If you use that as a strategy you are betting against statistics.
  • #726
  • Aug 9, 2010 5:14pm Aug 9, 2010 5:14pm
I'm mostly doing manual trading these days but couldn't resist putting Ron's EA on a demo EU chart (15 M). It took a nice short today which I closed at +44 pips. Then I put it on a few other charts tonight. It's already taken a GU long and a UJ short. The GU is in minor profit. My set file is below. Nice job.

Sandy

Remark1=== Main Settings ==
MagicNumber=12349
SignalsOnly=0
Alerts=1
SignalMail=0
PlaySounds=1
ECNBroker=0
EachTickMode=1
CloseOnOppositeSignal=0
Lots=0.50000000
MoneyManagement=0
Risk=0
Slippage=5
StopLoss=600
TakeProfit=600
Remark2=
Remark3=== HiLo Settings ==
BarStart=0
InitialRange=10
WinPercent=50.00000000
MinimumSuccessScore=0.00000000
MinimumConfidence=90
  • #727
  • Aug 9, 2010 5:55pm Aug 9, 2010 5:55pm
Quoting rfking2
When you set up reverse trades the bot is optimizing for you to loose. If you use that as a strategy you are betting against statistics.
well I am going with default setting: Reverse = False (fixed stoploss) I think I missunswered to fxshadow. Anyway thanks for the tip, if we change reverse=true it would be optimized for losing??!?

Quoting fxshadow
With the default of reverse trades true, Your 30 pip TP will be ignored by the bot.
you mean with default settings reverse=false my TP will be ignored.

rfking2 opened my eyes I answered wrong to your post.
  • #728
  • Aug 10, 2010 6:22am Aug 10, 2010 6:22am
A lot of you seem set that this EA must trade every day?

I ask all of you to try what steve has done.

Set the EA up on a weekend, and don't touch it for a week. The only real reason you would need to interfere with this EA is if the EA's forward-profitability is significantly different from the expected profitability based on the internal optimization.

This EA tends to predict itself more accurately when the TP and the SL for a given hour is greater than the average range of a bar (high - low). The reason is simple really. The EA when testing looks for a bar where the target price (Stoploss or takeprofit) is inside the high or low. If that bar happens to be the same as the entry bar, or if the target price and the highest price happens in the same bar, the EA cannot truly model how that price will work within a bar and those scenarios could skew the results.
  • #729
  • Aug 10, 2010 6:33am Aug 10, 2010 6:33am
Will this EA take signals on an offline range bar chart?
  • #730
  • Aug 10, 2010 6:39am Aug 10, 2010 6:39am
Quoting nubchai
I'm mostly doing manual trading these days but couldn't resist putting Ron's EA on a demo EU chart...
Thank you for posting an entire list of settings as they are a bit confusing to me I would like to forward test this as well and with RR's suggestion will setup over weekend. Do we need to manualdownload data for best results?
And then place on 1 minute chart yes?
  • #731
  • Aug 10, 2010 6:41am Aug 10, 2010 6:41am
so on the bars that get tested. Under options it says bars in history 512000 and max on chart 65000. Are these all it needs to backtest?
  • #732
  • Aug 10, 2010 7:49am Aug 10, 2010 7:49am
Quoting iulli
How good was it on WR 50%? I am curious because I lost heavily last week... Was it a standard deviation of a coin toss or something more substantial?
Maybe... The previous week was bad, last week was great! Made up all losses then some.

I know very little of how this EA works as I haven't had time to dig into the code yet.
We are our own best indicator.
  • #733
  • Aug 10, 2010 8:29am Aug 10, 2010 8:29am
Quoting Musashi
Will this EA take signals on an offline range bar chart?
I don't think so... unless the bar updates with refreshrates(). There's only one way to find out.
  • #734
  • Aug 10, 2010 9:16am Aug 10, 2010 9:16am
Quoting Musashi
Will this EA take signals on an offline range bar chart?
Quoting Ronald Raygun
I don't think so... unless the bar updates with refresh rates(). There's only one way to find out.
Musashi,
I don't think so ... either, 'cos that was my initial preference with this EA
but over 80,000 bars (1 min.T/F) translates only into about 2,000 bars (5 pips) Constant Range
so, this looks like not enough data for optimization ... unfortunately
  • #735
  • Aug 10, 2010 9:17am Aug 10, 2010 9:17am
Very interesting stuff Ronald... subscribing to the thread ....
  • #736
  • Aug 10, 2010 11:32am Aug 10, 2010 11:32am
Ronald or any other programmer,

Is there a way to implement into the EA a TP based on Risk/Reward?

For example let's assume I have my EA set for 1.33 Risk/Reward. When the EA finds this condition and execute the order I want to modify the TP to another Risk/Reward value less than the 1.33 or any other. I think the win rate would be higher.
  • #737
  • Aug 10, 2010 12:56pm Aug 10, 2010 12:56pm
Quoting Forexaccount
Ronald or any other programmer,

Is there a way to implement into the EA a TP based on Risk/Reward?

For example let's assume I have my EA set for 1.33 Risk/Reward. When the EA finds this condition and execute the order I want to modify the TP to another Risk/Reward value less than the 1.33 or any other. I think the win rate would be higher.
You lost me. What's the point of your modification? Why not just increase the win rate and decrease the risk reward?
  • #738
  • Aug 10, 2010 1:38pm Aug 10, 2010 1:38pm
Quoting Ronald Raygun
You lost me. What's the point of your modification? Why not just increase the win rate and decrease the risk reward?

Sorry Ronald, my English is not very good. If you set the EA for specific settings and then you take a portion of what the EA predicted as a Take Profit you will do better than modify the EA settings. If the EA tells me that there is a trade with more than 1.30 Risk/Reward I would prefer to secure that trade at 1.15 than to go for more. Sometimes the EA will place the TP more than your Risk Reward settings. Yesterday I got a trade on USD/JPY with a Risk/Reward more than 2.10 and you know what the TP was not triggered by 2 -3 pips away. I don't know if you get what I am saying? If not forget it. The EA is profitable so far.
  • #739
  • Aug 10, 2010 1:42pm Aug 10, 2010 1:42pm
Quoting Forexaccount
Sorry Ronald, my English is not very good. If you set the EA for specific settings and then you take a portion of what the EA predicted as a Take Profit you will do better than modify the EA settings. If the EA tells me that there is a trade with more than 1.30 Risk/Reward I would prefer to secure that trade at 1.15 than to go for more. Sometimes the EA will place the TP more than your Risk Reward settings. Yesterday I got a trade on USD/JPY with a Risk/Reward more than 2.10 and you know what the TP was not triggered by 2 -3 pips away....

I'm not sure how good of a programmer you are, but you can have a second EA read the optimized settings in the experts/files folder created by the original EA. Then you can weight up or down.
  • #740
  • Aug 10, 2010 3:46pm Aug 10, 2010 3:46pm
Hey Ron, is the MinRiskReward setting really risk/reward? Or is it reward/risk?

Phrased another way, if you want to risk 1 to make 2, is the MinRiskReward 2 or 0.5?
You are in a maze of twisty little passages, all alike.
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