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Attachments: MARI - My Automated Revenue Invention EA
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MARI - My Automated Revenue Invention EA

  • #141
  • Nov 24, 2010 11:59am Nov 24, 2010 11:59am
Meta1

As TCO points out, unless you are ready to throw money to the wind, backtests and forward tests on Demo accounts is all we have. One thing I have found is that if an EA doesn't do well in backtesting and forward testing, it will get destroyed on a live account. An EA that does well in back testing and forward demo testing stands a reasonable chance at that point to peform positively on a live account.

I have a small penny account that I test EAs on that perform well on backtests and demos just to make sure it will work in a live trading environment. I have seen some good EAs get totally banned from the trading desk for a multitude of reasons. That is why I like to get them on this penny account once I feel comfortable with them just to make sure they will really be useable. This EA will be on my penny account next week.

I too suffered my first losses with the EA this week on the CAD/JPY. I use Alpari just for comparison. Big spike up against my multiple positions. EA still very positive regardless of this blip.
  • #142
  • Nov 24, 2010 12:09pm Nov 24, 2010 12:09pm
Quoting ejohnston5
Meta1

As TCO points out, unless you are ready to throw money to the wind, backtests and forward tests on Demo accounts is all we have. One thing I have found is that if an EA doesn't do well in backtesting and forward testing, it will get destroyed on a live account. An EA that does well in back testing and forward demo testing stands a reasonable chance at that point to peform positively on a live account.

I have a small penny account that I test EAs on that perform well on backtests and demos just to make sure it will work in a live trading...

Hi EJ,

I've been thinking about going with a penny account also. Just curious what you think a safe starting bal would be and how many pairs. Thanks!

TCO
  • #143
  • Nov 24, 2010 12:19pm Nov 24, 2010 12:19pm
Quoting TallCoolOne
Hi EJ,

I've been thinking about going with a penny account also. Just curious what you think a safe starting bal would be and how many pairs. Thanks!

TCO
With 50:1 leverage, you would be limiting yourself to about 20 open trades total. So either have to cut down on max trades or the # of pairs you trade. This is with a 1k account.
  • #144
  • Nov 24, 2010 1:00pm Nov 24, 2010 1:00pm
Quoting obnoxious2
With 50:1 leverage, you would be limiting yourself to about 20 open trades total. So either have to cut down on max trades or the # of pairs you trade. This is with a 1k account.
Roboforex is an overseas broker and has penny accounts. I believe they will allow a higher leverage ratio than that. Thanks!
  • #145
  • Nov 24, 2010 1:07pm Nov 24, 2010 1:07pm
TCO - I don't have a lot experience with different brokers. I'm currently using an Alpari US account with 0.01 lot sizes. They are running a special right now where if you put in $500 they will give you $500 giving you a $1000. They take the $500 back (if any left) at the end of Feb. Again, they are really the only broker I have much experience with but have been happy.

I would trade 0.01 lots on $1000 account with max trades at 5. I have the bot on 10 pairs (trying to get as little correlation as possible) and have yet to have enough trades at one time to get a margin call. I have never had 10 open trades at a time.

ej5
  • #146
  • Nov 24, 2010 1:18pm Nov 24, 2010 1:18pm
Quoting ejohnston5
TCO - I don't have a lot experience with different brokers. I'm currently using an Alpari US account with 0.01 lot sizes. They are running a special right now where if you put in $500 they will give you $500 giving you a $1000. They take the $500 back (if any left) at the end of Feb. Again, they are really the only broker I have much experience with but have been happy.

I would trade 0.01 lots on $1000 account with max trades at 5. I have the bot on 10 pairs (trying to get as little correlation as possible) and have yet to have enough trades at...
The only problem with that is with a US broker you might not be able to run the EA because of the FIFO rules.
  • #147
  • Nov 24, 2010 3:26pm Nov 24, 2010 3:26pm
TCO - I'll be live with the bot on Monday to find out for sure. However, I have other bots that ran live that opened multiple trades in the same direction and closed them up without a problem. I don't think there was any special coding in the bot to do so following FIFO but rather I think the platform just closes them in the order they are taken. If you call up a specific ticket to close it may bounce back to you as failed for FIFO but just closing open positions I have not seen an issue. I will not be the first to say that I have been wrong before, my wife reminds me of that often....
  • #148
  • Nov 24, 2010 3:32pm Nov 24, 2010 3:32pm
Quoting ejohnston5
TCO - I'll be live with the bot on Monday to find out for sure. However, I have other bots that ran live that opened multiple trades in the same direction and closed them up without a problem. I don't think there was any special coding in the bot to do so following FIFO but rather I think the platform just closes them in the order they are taken. If you call up a specific ticket to close it may bounce back to you as failed for FIFO but just closing open positions I have not seen an issue. I will not be the first to say that I have been wrong before,...
Okay EJ. I hope it works. Keep us posted. Thanks for the feedback.

P.S. So does my wife. But I named this EA after her. Lets just hope it works.
  • #149
  • Nov 24, 2010 7:08pm Nov 24, 2010 7:08pm
Hi TCO

I just noticed an alert screen that opoed up on my platform screen. I posted it here with a couple of chart screenshots.

The Alert says: "Open Buy Order_Error 131:invalid trade volume." What does that mean?
Attached File(s)
File Type: zip MARI Screenshots.zip   189 KB | 346 downloads
  • #150
  • Nov 24, 2010 8:11pm Nov 24, 2010 8:11pm
I just noticed ver 3.0 on post 1. What has changed from ver 2?
  • #151
  • Nov 24, 2010 8:37pm Nov 24, 2010 8:37pm
I've had it running on 7 pairs for 24 hours, and no trades were taken...anyone get any trades during the last 24?
  • #152
  • Nov 24, 2010 10:14pm Nov 24, 2010 10:14pm
Quoting pilotui
I've had it running on 7 pairs for 24 hours, and no trades were taken...anyone get any trades during the last 24?
I keep getting old tick errors. I have no idea why. Usually I just delete history folder and clear global variables. TCO does you have a loop around the trade function where it will keep trying to place trades until the trade is filled?
  • #153
  • Nov 24, 2010 11:35pm Nov 24, 2010 11:35pm
Hi TCO
I downloaded the ea .But what must i do to prevent he flashing of the text I did install everything from post 1 as well as intalling the indi
Thank you
  • #154
  • Nov 25, 2010 4:24am Nov 25, 2010 4:24am
Quoting rfarris
Hi TCO

I just noticed an alert screen that opoed up on my platform screen. I posted it here with a couple of chart screenshots.

The Alert says: "Open Buy Order_Error 131:invalid trade volume." What does that mean?
Hi rfarris,

it's because your platform/broker is not allowed for ordering 0.01 lot (pls, press F9 in your chart and see, what's the smallest possible amount of volume), you should change it probably to 0.1 lot.
  • #155
  • Nov 25, 2010 6:28am Nov 25, 2010 6:28am
Attached backtest result for EURUSD
The backtest is really slow, so I applied it only on last and this month for now.
Looks not bad..
Attached File(s)
File Type: zip statement.zip   90 KB | 462 downloads
  • #156
  • Nov 25, 2010 10:00am Nov 25, 2010 10:00am
Quoting kapybara
Hi rfarris,

it's because your platform/broker is not allowed for ordering 0.01 lot (pls, press F9 in your chart and see, what's the smallest possible amount of volume), you should change it probably to 0.1 lot.
Thanks Kapybara for answering.
  • #157
  • Nov 25, 2010 10:02am Nov 25, 2010 10:02am
Quoting pret
Hi TCO
I downloaded the ea .But what must i do to prevent he flashing of the text I did install everything from post 1 as well as intalling the indi
Thank you
The screen flash is from the show settings which occurs every new bar.
  • #158
  • Nov 25, 2010 10:03am Nov 25, 2010 10:03am
Hello and Congratulation for EA improvement and development.

Is it ok for v3 to attach it to any TF? Only need is to adapt the template smtf bby taking into account that visual settings are for 5m.

In other words, I ve put v3 on 1h TF and had the rsi and macd settings for template smtf divided by 12..

Am I correct?
  • #159
  • Nov 25, 2010 10:04am Nov 25, 2010 10:04am
Quoting obnoxious2
I just noticed ver 3.0 on post 1. What has changed from ver 2?

Post 117. This ea is for the small time frame chart. It should work the same exact way as V2.0, but I created it so you can see the trades triggered on STF chart with TMA. There is a template also.
  • #160
  • Nov 25, 2010 10:15am Nov 25, 2010 10:15am
Quoting cosmoras
Hello and Congratulation for EA improvement and development.

Is it ok for v3 to attach it to any TF? Only need is to adapt the template smtf bby taking into account that visual settings are for 5m.

In other words, I ve put v3 on 1h TF and had the rsi and macd settings for template smtf divided by 12..

Am I correct?
V3 should be attached to the STF chart. So if you decide you are going to use H1 for the MACD trade conditions and M15 for the TMA trade triggers, you attach the V3 EA to a M15 chart, you will still need to set the largetimeframe and smalltimeframe parameters accordingly. If you use the mari stf template, you should be all set for, your largetimeframe will be H1 and your smalltimeframe will be M5. Attach it to the M5 chart for each pair you want to trade.

Thanks - TCO.
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