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MARI - My Automated Revenue Invention EA

  • #201
  • Nov 28, 2010 6:15pm Nov 28, 2010 6:15pm
In MARI's setup, the TakeProfit=500 and the StopLoss=500, does that 500 indicate the number of PIPS above/below the entry point?
  • #202
  • Nov 29, 2010 5:09am Nov 29, 2010 5:09am
Quoting rfarris
In MARI's setup, the TakeProfit=500 and the StopLoss=500, does that 500 indicate the number of PIPS above/below the entry point?
Pips.
  • #203
  • Nov 29, 2010 5:47am Nov 29, 2010 5:47am
Thanks TCO
  • #204
  • Nov 29, 2010 10:09am Nov 29, 2010 10:09am
Hi

I observe that MARI likes to open multiple trades on a same price. Can we indicate a Minimum Distance parameter such that the trade will not be open on the same price?

Thanks
Ian
  • #205
  • Nov 29, 2010 10:21am Nov 29, 2010 10:21am
Quoting mallim
Hi

I observe that MARI likes to open multiple trades on a same price. Can we indicate a Minimum Distance parameter such that the trade will not be open on the same price?

Thanks
Ian
Just set max trades to 1 for each currency pair.
  • #206
  • Nov 29, 2010 10:36am Nov 29, 2010 10:36am
Quoting obnoxious2
Just set max trades to 1 for each currency pair.
I am asking this is because I am not very sure what is the purpose of max trades

if max trades means the maximum number of open trades the EA can open, then the Minimum Distance parameter can help to ensure that multiple trades are not being open on the same price.

Or is it intentionally being design this way? To be able to open multiple trades on the same price?


Ian
  • #207
  • Nov 29, 2010 11:20am Nov 29, 2010 11:20am
Millam, maximum number of trades is the number of trades that can be made on a single currency pair. So if you are trading 10 pairs, in theory you can have a lot of trades open. Multiple trades on a single pair is intended to increase profit and reduce risk by taking small increments of profit on multiple trades, rather than risk riding the trend with one larger trade. Take small increments of profit up the trend. But I agree that it doesn't seem to be very effective in practice. In my backtesting, either the multiple trades are all winners or they are all losers. Multiple trades are initiated any time the small-time-frame signal conditions are met. If price happens to be oscillating around the signal point on the small time frame, then you could get more than one trade initiated at the same price. I agree that this defeats the purpose of multiple trades, if I am understanding it corrrectly. Your suggestion for a minimum price spacing might have merit. TCO should probably respond to this issue. I am still trying to understand the stf trigger mechanism in the code.
  • #208
  • Nov 29, 2010 3:45pm Nov 29, 2010 3:45pm
No doubt this EA wins and wins a lot. The problem is how to deal with the few scattered days or weeks within a year that it goes on an out of controll losing streak smashing the account quickly.

In my visual back testing of the bot, once again focusing on the macd and rsi, it appears that we get into serious trouble when these are oscillating back and forth. Trade after trade gets opened when there is really no reason to open 3-50 trades at that moment. We are stuck in the mud and getting set up for a big spill. In the middle of this whipsaw of indicators is no time to be throwing more trades at the account. My ideas for this are as follows.

1 - After a trade is entered, no additional trades can be entered until x pips of profit obtained. After x pip profit, second trade opens...etc. This would only add trades when trade is going our way an not because the indicators or blinking like a christmas tree..order, order, order...

2 - Signals on stf reverse, exit trade. This could provide lots of quick in and out toe dips until real signal direction is determined but losses of this type should be very small in pippage.

ej5
  • #209
  • Nov 29, 2010 7:12pm Nov 29, 2010 7:12pm
Quoting ejohnston5
No doubt this EA wins and wins a lot....
An EA I saw did something similar. The EA got the following related parameters:
1) Minimum Distance measured in pips
2) Target Profit
3) Maximum Loss

Effectively the number of trades being open will be much more reduce. And the target profit will be more consistent without causing large DD if the target profit is at a reasonable level.

Just my humble opinion
Ian
  • #210
  • Nov 30, 2010 12:35am Nov 30, 2010 12:35am
Looks like several people have come up with similar ideas on how to deal with the out of control losing streaks when they occur.

TCO or other coders, could we get an updated version with Min pip to rentry or min profit prior to entry and/or close down trades when one or more of the stf signals turns against us.

I have also seen the global close on percent loses or percent profits but sometimes have found them difficult to deal with when there are lots of trades on multiple currencies. This idea may be better handled with direct SL and TP settings.

For me the real problem looks like the root issue is throwing lots more trades at an already losing position. This is where losses stack up fast. If we could limit that point to one bad trade, take our loss and go the EA would be way more profitable.

Also, live account update. I have Ver 3.0 on an Alpari-US account. It worked fine today. Closed two trades on USD/CAD for +$2.97 and +$1.10.
First successful day of live trading for this EA.
  • #211
  • Nov 30, 2010 12:44am Nov 30, 2010 12:44am
Quoting ejohnston5
Looks like several people have come up with similar ideas on how to deal with the out of control losing streaks when they occur.

TCO or other coders, could we get an updated version with Min pip to rentry or min profit prior to entry and/or close down trades when one or more of the stf signals turns against us.

I have also seen the global close on percent loses or percent profits but sometimes have found them difficult to deal with when there are lots of trades on multiple currencies....
What are the settings you used? Did you restrict the max trades to be 1? My demo don't have a very good run. I closed all the trades and shut MARI down until further notice
  • #212
  • Nov 30, 2010 2:16am Nov 30, 2010 2:16am
TCO,

Is everything in post #1 up to date? I would like to help test V2 on demo account then move to small penny account.

thx
  • #213
  • Nov 30, 2010 5:45am Nov 30, 2010 5:45am
Quoting tommbstone
TCO,

Is everything in post #1 up to date? I would like to help test V2 on demo account then move to small penny account.

thx
Yes version 2 should be good to go. I would test only at this point. The EA is very streaky and the DD can be very bad. I'm working on some new stuff and testing at the moment. Please do not put this on a live account yet. Thanks!
  • #214
  • Nov 30, 2010 5:53am Nov 30, 2010 5:53am
hi TCO, whilst your online, please provide me with your settings for ver3 EA coz i have no trades going. if u can a preset txt that will be great.

thanx

sami
  • #215
  • Nov 30, 2010 6:43am Nov 30, 2010 6:43am
I changed my disaster stop to 50pips instead of the default 500. will see how it works (whether the SL is too small or it can be further trimmed).
  • #216
  • Nov 30, 2010 8:09am Nov 30, 2010 8:09am
Quoting Maveri4k
I changed my disaster stop to 50pips instead of the default 500. will see how it works (whether the SL is too small or it can be further trimmed).
I've been using a SL of 40 pips with MPTM as a hidden stop. I get alot of popups saying error1: No Error probably because TCO copied part of the MPTM into the EA already and I'm running a global MPTM on the pairs. Except for the popups which are a minor annoyance everything still works. It does seem to hit the SL quite often however. About once every 5-6 trades. Seems like a win but in reality when you have a tight SL of trailing 10 pips my profits have always been around 10 pips. So in reality the demo is barely breaking even.
  • #217
  • Nov 30, 2010 12:07pm Nov 30, 2010 12:07pm
All, as Obnoxious I believe said, last week was a difficult week for the markets. You had holidays, low volume, and intervention by outside influences on the currencies. Very difficult time for any bot. Lots of bots out there had trouble last week, mine included. The next couple of weeks should be a little more real. After that as we get close to Christmas a lot of traders once again leave the market which means all bets are off again.

As for the bot settings, I have max trades at 3, SL100, TP 300. All conservative settings on (RSI, Trade above zero), lots 0.01, all ATR stuff off, Trail Stop on with 50 min profit, 50 TS. The SL/TPs of this EA are very important. Have to find a balance with cutting losers short but giving the trades a little room to develop. This is again where the problems occur. Trade is trying to devlop but as it is trying, the bot seems to throw more trades at it when Lord only knows where it is going to go.

STF M15, LTF M60. The TF is probably the only real deviation as I have seen better signals and not as much fluctuation with signals in M15 as M5. I give up some trades but the ones I get seem to be better quality.
  • #218
  • Nov 30, 2010 3:38pm Nov 30, 2010 3:38pm
I have MARI V2 running on fours pairs for about 4 days total and it hasn't entered any trades at all. I am running all default setting except FIXEDLOTSIZE=.1 and MAXTRADES= 5

ANy ideas why I have no trades at all?
  • #219
  • Nov 30, 2010 5:56pm Nov 30, 2010 5:56pm
All, the markets are a little bit of a mess after last week. If you look at your charts you will see that there are no trade setups. There were a lot of signals last week and almost nill this week so far. I have had one but I have the EA on 10 pairs. Be patient. If your EA is attached to the rigth TF chart, the little smiley face is on, you're getting tick data and print outs are flashing no signals buy or sell then believe it or not, there just isn't anything to trade. If your print outs to the screen are saying buy,buy,buy and nothing is happening then there could be a problem with the bot. Otherwise if all you want to do is trade, pick a pair, flip a coin and go with it, there ya go, trade on. I know it is hard to wait for a trade to develop but we have to let the bot do it's job and keep us out of trouble most of the time....at least for me.

If nothing happens by the end of the week then I would be more concerned.
  • #220
  • Nov 30, 2010 9:36pm Nov 30, 2010 9:36pm
I have 4 1hr charts open with MARI attached to each one. Is that all that I need to do to have it set up correctly?
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