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Six-pair "Looser" Strategy EA Discussion

  • #41
  • Sep 1, 2010 1:14am Sep 1, 2010 1:14am
We know that EUR/USD and USD/CHF move in opposite directions nearly 100% of time. So when we put buy order in these both pairs we have to book loss in at least one pair...

Currently I am trying to overcome this drawback. I have modified Sir Looser strategy.. and getting good result...
  • #42
  • Edited 9:42am Sep 1, 2010 3:48am | Edited 9:42am
Quoting reynante
this similar to Appaloosa EA which uses a RVI indicator which combines the rvi of 6 pairs... but the coding isn't as advanced as this or well thought out.
Remark:
The Appaloosa EA is in the Elite section of an other forum.
It's not free, you have to pay for a subscription of 1 year or a couple of months.
Ofcourse we don't mention the name of the forum here.

There is no connection between me and the Elite section of that forum !
The RVI and W_RVI Multipairs methode was my idea here on FF.

eTrader,
  • #43
  • Sep 1, 2010 3:51am Sep 1, 2010 3:51am
Quoting frazerd
My LooserKM_09 demo has not done well today. 3 pairs have stopped out twice, leaving 3 pairs open and all are winners, but a looong way from the 1% TP. I have lowered the ProfitTarget to 0.1 hoping to take just a couple $s profit, but even that is a long way off.

When this group of trades closes I will start using 0.5 ProfitTarget to see how that works out.
Read Post #35
Wrong coding for RVI crosses !
  • #44
  • Sep 1, 2010 4:28am Sep 1, 2010 4:28am
Quoting eTrader
Read Post #35
Wrong coding for RVI crosses !
Hi eTrader

if ((SixPair_rvi > SixPair_rviSignal) && (SixPair_rviSignal < 0) ) for LONG is OK ???.

We must take into account the value 0 or not?

PERIOD_M15 is correct? or is it better H1 or H4?

Regards
Lordorly

P.S. thanks
  • #45
  • Sep 1, 2010 12:51pm Sep 1, 2010 12:51pm
Quoting frazerd
My LooserKM_09 demo has not done well today. 3 pairs have stopped out twice, leaving 3 pairs open and all are winners, but a looong way from the 1% TP. I have lowered the ProfitTarget to 0.1 hoping to take just a couple $s profit, but even that is a long way off.

When this group of trades closes I will start using 0.5 ProfitTarget to see how that works out.
Changing the ProfitTarget to 0.1 worked. It closed for $3.59. It reopened trades this morning and they are all losers so far.

I will make the changes suggested by eTrader after the next close and see what happens.

When MetaCoder decides to consider new revisions again maybe we can try replacing the % profit with eTraders exit based on RVI cross in opposite direction.
Attached File(s)
File Type: xls LooserKM_09_500-1.xls   32 KB | 281 downloads
Frazer
  • #46
  • Sep 1, 2010 1:15pm Sep 1, 2010 1:15pm
For anyone who has not heard, congress apparently has passed the new regulation on Forex trading. It will be effective 18 Oct 2010.

http://turnkeytradin...ss/archives/554

No mention in this article of prohibiting trading with offshore brokers. I'll dig a little deeper when I have some time.
Frazer
  • #47
  • Edited 3:48pm Sep 1, 2010 3:27pm | Edited 3:48pm
Is it possible to modify your EA such that...

1) It will open individual order for all 6 pairs at a time as per our request (ie.. we can select either BUY or SELL for each pair)
2) The EA should close all orders at a time as per take profit or drawdown levels (not by stop loss for individual order) and should not put reverse order

If we use any good trend indicator with this Ea then it will be great strategy.

Regards
  • #48
  • Sep 1, 2010 4:57pm Sep 1, 2010 4:57pm
Quoting vikasone23
Is it possible to modify your EA such that...

1) It will open individual order for all 6 pairs at a time as per our request (ie.. we can select either BUY or SELL for each pair)
2) The EA should close all orders at a time as per take profit or drawdown levels (not by stop loss for individual order) and should not put reverse order

If we use any good trend indicator with this Ea then it will be great strategy.

Regards
I am not a programmer. That is MetaCoders department and he is capable of coding just about anything he wants to. But I think the answer to your question will be NO. If you want to do that just do it manually. There is no need for a EA to open trades at a time of your choosing and you select buy or sell for each pair individually.

We are trying to develope EAs that are totally automated - set and forget - with no decisions needing to be made by the user except for the initial setup.

Additionally MC has already stated that he will not be doing any more EA work in the immediate future.
Frazer
  • #49
  • Sep 1, 2010 7:20pm Sep 1, 2010 7:20pm
Quoting vikasone23
Is it possible to modify your EA such that...

1) It will open individual order for all 6 pairs at a time as per our request (ie.. we can select either BUY or SELL for each pair)
2) The EA should close all orders at a time as per take profit or drawdown levels (not by stop loss for individual order) and should not put reverse order

If we use any good trend indicator with this Ea then it will be great strategy.

Regards
for request 1), like what frazred said, u need to predetermine the buy or sell of each pair; is there any criteria to determine the direction that u are using now that will help in automating this part.
  • #50
  • Sep 2, 2010 12:08am Sep 2, 2010 12:08am
Quoting frazerd
I am not a programmer. That is MetaCoders department and he is capable of coding just about anything he wants to. But I think the answer to your question will be NO. If you want to do that just do it manually. There is no need for a EA to open trades at a time of your choosing and you select buy or sell for each pair individually.

We are trying to develope EAs that are totally automated - set and forget - with no decisions needing to be made by the user except for the initial setup.

Additionally MC has already stated that he will not be doing...
I totally agree that EAs should trade automatically but if we put 6 orders in direction of trend then there are more chances of winning. According to Looser strategy we have to loss 30pips to enter in the direction of trend.

I have attached one indicator which I found quite good in deciding trend. I don't know how much good it is but atleast I can say that It never repaints.
Attached File(s)
File Type: ex4 Trend Manager.ex4   4 KB | 357 downloads
  • #51
  • Sep 2, 2010 12:10am Sep 2, 2010 12:10am
Quoting ronaldosim
for request 1), like what frazred said, u need to predetermine the buy or sell of each pair; is there any criteria to determine the direction that u are using now that will help in automating this part.
Yes.. see the attachment of frazed reply post.
  • #52
  • Sep 2, 2010 4:19pm Sep 2, 2010 4:19pm
I modified Looser_09, reversing the RVI function as eTrader suggested. I'm calling it LooserKM_09_eT and have attached it here. I have been running both EAs simultaniously today - opened them both within in a minute of each other. 09_eT closed for profit without any stop outs and is now trading again. 09 has had 2 pairs stop out twice and 2 others have stopped out once and still has a negative PL and is far from a close all. So initially it looks like eTrader was correct.
Attached File(s)
File Type: mq4 LooserKissMe_09_eT_500-1.mq4   30 KB | 359 downloads
Frazer
  • #53
  • Sep 2, 2010 8:23pm Sep 2, 2010 8:23pm
Frazerd,

Thank you so much.

Looking forward to testing it.
  • #54
  • Sep 2, 2010 9:27pm Sep 2, 2010 9:27pm
yesterday i had 7 losses and no win and 3 more are in losses (to be closed). with a ranging market this will be killed. without a takeprofit. i think we should keep a tp fpr each pair

also how can i backtest this strategy ? i cant test it when multiple pairs are there in same EA

btw, i am using ver10
  • #55
  • Sep 3, 2010 3:55am Sep 3, 2010 3:55am
Quoting frazerd
I modified Looser_09, reversing the RVI function as eTrader suggested. I'm calling it LooserKM_09_eT and have attached it here. I have been running both EAs simultaniously today - opened them both within in a minute of each other. 09_eT closed for profit without any stop outs and is now trading again. 09 has had 2 pairs stop out twice and 2 others have stopped out once and still has a negative PL and is far from a close all. So initially it looks like eTrader was correct.
THANK YOU!
  • #56
  • Sep 3, 2010 8:14am Sep 3, 2010 8:14am
Pluto and sanihuis, you are welcome. I forgot to mention that I also changed the default ProfitPct to 0.5 and the MaxMarginToUse to 0.2 to accommodate my 500:1 trading. You might want to change those back.
Frazer
  • #57
  • Sep 3, 2010 1:14pm Sep 3, 2010 1:14pm
Thanks for the info Frazerd.
This week the Kiss07 performed for me the best.
The Kiss 09 eT did well over night.
I will start new accounts next week and run the 07 and the 09 eT
side by side.

Have a great weekend.
  • #58
  • Edited 2:41pm Sep 3, 2010 1:53pm | Edited 2:41pm
Quoting eTrader
Hello MetaCoder,

Concerning: LooserKissMe_09

In Theory:
When the Main RVI Line crosses up the RVI Signal line: LONG
When the Main RVI Line crosses down the RVI Signal line: SHORT

With your Variables:
When SixPair_rvi crosses up (>) SixPair_rviSignal then LONG
When SixPair_rvi crosses down (<) SixPair_rviSignal then Short

Main RVI Line = SixPair_rvi
[color=black]RVI...
Yes I think that's right. The signal line is an average of the main RVI line so it will be the smoother, lagging line. Sorry I got it backwards.

The reason I'm not spending time with this strategy and its EAs any longer is because I prefer the Basket 14 strategy. It's designed to be stable, able to weather prolonged nasty chop and weird market events.

___

However, I just uploaded a version 09a that turns the main/signal comparison around as per eTrader's catch, and I wrote logic that DOES look for a cross of the lines above or below 0.0 as appropriate.
Open to new approaches.
  • #59
  • Sep 3, 2010 4:49pm Sep 3, 2010 4:49pm
Quoting MetaCoder
The reason I'm not spending time with this strategy and its EAs any longer is because I prefer the Basket 14 strategy. It's designed to be stable, able to weather prolonged nasty chop and weird market events.
After watching Looser_09 for a few days now, I am becoming less and less optomistic that the Looser concept can be successfully automated. What I think I am seeing is that it probably cannot be profitable on a consistant basis unless ProfitPct is kept very low. Even at the 0.5 I'm using now, it has a hard time getting into profit if there are fewer than 4 trades remaining, i.e. 3 or more pairs have stopped out twice and not reopened.

I also much prefer the Basket EAs and will probably not spend much more time testing this concept. I will replace 09 with 09a and see how that goes for a while, but unless that does better than I think it will, that will be my last whirl with the Looser concept.

I think it can be a profitable concept for someone who is willing to sit in front of their computer and make judgements about when to close for profit or sometimes loss.
Frazer
  • #60
  • Sep 3, 2010 6:40pm Sep 3, 2010 6:40pm
Completely agree with frazerd.
Open to new approaches.
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