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let's go where the price goes

  • #121
  • Jan 6, 2011 1:28am Jan 6, 2011 1:28am
It seems not to be working.
Never Ever Give Up!
  • #122
  • Jan 6, 2011 6:01am Jan 6, 2011 6:01am
Quoting roundrock
kiscan, pl help me understand the system again

1. lets say you start EA and buy at 1.35 with sl 30 pips, place buy stop order at 1.3530 with 30 sl and sell stop order at 1.3470 with 30 sl.

2, now price goes to 1.3530, move prev trade to BE. close all open orders. place again a buy stop order at 1.3560 with 30 sl and sell stop order at 1.35 with 30 sl

3. repeat step 2 for every 30 pips move in any direction

4. in brief at any stage we will have only 1 buy stop order at 30 pips above the current price and 1 sell stop order at 30 pips below...
hi, round rock.



step 1: ok, if possible two or more pending orders in each side, with 30 pips range not problem but if the range is 20 or less a quick movement could not take all the orders.

step 2:ok but donīt close all open orders and the option that you makes in your EA that allows to move or not to break even is a great option.

step 3: ok

step 4: "almost" 1 pending order in each side

step 5:ok but when you finish one trade, you decide if start a new one or not, we can see that a large ranging market can be very very bad for our account.

step 6: ok

there isnīt a need to have so many pending orders if the range is 30 or more pips but if the range is less a quick movement of the market can avoid the system put the orders in time.

take a look at the image post 116.
the ea put 5 order below and above and after, the EA manage this orders and add new orders if price goes in one way or change the orders if price is ranging.
  • #123
  • Jan 7, 2011 3:40am Jan 7, 2011 3:40am
try this EA

I simplified it to have only one set of pending orders at any step.....

results are fantastic... but sometimes there are huge drawdowns. but it survived the account each time.

try it out...

for 2010, 10k became 23k with max dd 25% (step 20, tp 1.4, no move sl2be)
Attached File(s)
File Type: mq4 SpeedTrain.mq4   21 KB | 434 downloads
  • #124
  • Jan 7, 2011 4:06pm Jan 7, 2011 4:06pm
This is my version forward results. While the results right now are positive it's taken them a good long while to get that way.

The good news are the boxes in red. The bad news or some reasons of concern are boxes in orange.
Attached Image (click to enlarge)
Click to Enlarge Name: MSG1.jpg Size: 98 KB
  • #125
  • Jan 7, 2011 6:37pm Jan 7, 2011 6:37pm
Huge drawdowns no matter how nice the EA will wipe you out within 1-3 months. I would suggest trying to learn to trade price action in conjunction with money management. I don't recommend a website or want to make money off of any one of you folks, but one thing I have learned in my 10 plus years of trading is that EA's do not work consistently....ever!!
  • #126
  • Jan 8, 2011 8:07am Jan 8, 2011 8:07am
Quoting Magic46
Huge drawdowns no matter how nice the EA will wipe you out within 1-3 months. I would suggest trying to learn to trade price action in conjunction with money management. I don't recommend a website or want to make money off of any one of you folks, but one thing I have learned in my 10 plus years of trading is that EA's do not work consistently....ever!!

$66 is hardly a huge DD unless you are thinking because of the lot size (660 pips for dime lots) But you can have just as bad or worse DD manual trading.

In the end either way you have to know what you are doing. Not everyone can sit in front of a chart for hours on end waiting. The EA gives you a way to do it otherwise.

Just because you haven't seen an EA work, doesn't mean they don't. You can't expect anyone to just hand you a profitable EA, all though this is what most people expect.

An EA does require constant tweaks and like any method EA or manual can have long spells of losing. So name your poison, but don't rain on the parade.
  • #127
  • Jan 8, 2011 9:05am Jan 8, 2011 9:05am
Here's my demo trades for the week with the distance set to 100 (10 pips for 5 digit broker) & closing out profitable trades at 100+ pips using the golden3 EA.
Attached Image (click to enlarge)
Click to Enlarge Name: golden3.gif Size: 6 KB
  • #128
  • Jan 8, 2011 9:16am Jan 8, 2011 9:16am
Now THIS is wisdom! EA's will NEVER make money, no matter how good the system or method. An EA will ALWAYS kill the party.

This system should only be tested manually, find out if it can be profitable if traded manually, without dumb robots, and then see how it goes for you.

I can't tell you how many good systems that EAs have ruined, this one here might be included.

Quoting Magic46
Huge drawdowns no matter how nice the EA will wipe you out within 1-3 months. I would suggest trying to learn to trade price action in conjunction with money management. I don't recommend a website or want to make money off of any one of you folks, but one thing I have learned in my 10 plus years of trading is that EA's do not work consistently....ever!!
  • #129
  • Jan 8, 2011 9:30am Jan 8, 2011 9:30am
Quoting Dreamliner
Now THIS is wisdom! EA's will NEVER make money, no matter how good the system or method. An EA will ALWAYS kill the party.

This system should only be tested manually, find out if it can be profitable if traded manually, without dumb robots, and then see how it goes for you.

I can't tell you how many good systems that EAs have ruined, this one here might be included.
I think this system is best traded with an ea which executes the orders.
And manually exiting when desired % of profit or number of pips is reached.

Pipseeker and pipchaser, which ea did you use ? Speedtrain ?
  • #130
  • Jan 8, 2011 10:14am Jan 8, 2011 10:14am
Quoting globalinvest
I think this system is best traded with an ea which executes the orders.
And manually exiting when desired % of profit or number of pips is reached.

Pipseeker and pipchaser, which ea did you use ? Speedtrain ?
golden3 EA
  • #131
  • Jan 8, 2011 2:31pm Jan 8, 2011 2:31pm
Quoting Dreamliner
Now THIS is wisdom! EA's will NEVER make money, no matter how good the system or method. An EA will ALWAYS kill the party.

This system should only be tested manually, find out if it can be profitable if traded manually, without dumb robots, and then see how it goes for you.

I can't tell you how many good systems that EAs have ruined, this one here might be included.
hi, dreamliner.

this EA for itselves, isnīt a trading system.

if you read the entire thread, i recomend this EA for put and manage the orders and for possible exits.

i donīt recomend this for use it alone.

use it whit your own method of trading, if you lose whit your trading sistem you lose whit this EA, but if you win whit your system whit this EA, you can multiply your benefits.

this is symple.

backtest for this EA are only to see how it works.

in this week in the EU whit a downtrend of 400 pips (backtest)

the golden 3 EA double the account, range 20 and 1 lot.

the speed train EA multiply the account x4, range 20, 1 lot and whit the option of break even disabled.

the diference between the EAīs is if break even disabled in speed train, it has more loosers, but donīt lose any level, in some way is the same of doing hedging.

and I repeat again, use it in demo forward testing, and use it with your own method of trading, dont use it alone, itīs to risky.
  • #132
  • Jan 8, 2011 2:48pm Jan 8, 2011 2:48pm
Thanks for the clarification. Yes some EAs work when it trends. The creators of those EAs then advertise that EA all over the Internet, showing that during a 400 pip downtrend the EA tripled the account, leading unsuspecting new traders to think they've found the Holy Grail. They purchase the EA all excited to double or triple their account only to discover that the market is now ranging, and when they lose half their account they are mad at the creator of the EA (the marketer). Rightly so. The creator of the Ea failed to say that "during ranging markets the drawdown can approach 50 or even 100 percent of your account."

I just wish we could test this system manually, and get some good results coming in. Your system has merit because it is anti-martingale, but throwing EAs into the mix always, sooner or later, ruins the fun.

Quoting kiscan
hi, dreamliner.

this EA for itselves, isnīt a trading system.

if you read the entire thread, i recomend this EA for put and manage the orders and for possible exits.

i donīt recomend this for use it alone.

use it whit your own method of trading, if you lose whit your trading sistem you lose whit this EA, but if you win whit your system whit this EA, you can multiply your benefits.

this is symple.

backtest for this EA are only to see how it works.

in this week in the EU whit a downtrend of 400 pips (backtest)

the golden 3 EA double...
  • #133
  • Jan 8, 2011 5:30pm Jan 8, 2011 5:30pm
Quoting globalinvest
Pipseeker and pipchaser, which ea did you use ? Speedtrain ?
Using my own "MSG"
  • #134
  • Jan 8, 2011 5:40pm Jan 8, 2011 5:40pm
Quoting Dreamliner
Thanks for the clarification. Yes some EAs work when it trends. The creators of those EAs then advertise that EA all over the Internet, showing that during a 400 pip downtrend the EA tripled the account...."
Doubt that, it's likely others viewing the site and taking and repackaging and selling on their own and sometimes the don't even repackage it.

Using an EA doesn't mean you don't suffer the same emotions you would trading live, just gives you the ability to get sleep. You can never match the never sleep mentality of a Robot.

But the programmer is responsible for what the robot can do... that is the catch. Development always takes longer than what most wish to put in to it. To each their own... do what you want you have that freedom still.

To trade manual or trade robot should be the decision of the trader. Their are caveats to any style any method whether EA or manual.
  • #135
  • Jan 8, 2011 5:54pm Jan 8, 2011 5:54pm
That's right, and you will find that whenever any EA is introduced to any trading method/system that kills the system. I've seen it over and over. We can agree to disagree, I'd rather just see the merits of this system, before talking about trading it with a robot.

Quoting pip_seeker
Doubt that, it's likely others viewing the site and taking and repackaging and selling on their own and sometimes the don't even repackage it....
  • #136
  • Jan 8, 2011 6:45pm Jan 8, 2011 6:45pm
Ea's dont 'kill the system' the system kills itself
  • #137
  • Jan 8, 2011 7:03pm Jan 8, 2011 7:03pm
Although there are indeed some profitable systems, such as the MPAS system. I don't believe there are any truly profitable EAs. So to say the system kills itself is not true in all cases.

Quoting tazmaan
Ea's dont 'kill the system' the system kills itself
  • #138
  • Jan 9, 2011 1:08am Jan 9, 2011 1:08am
your mpas isn't profitable, you just delay the result by playing the 'blame it on the ea' game and try to force ppl to trade it manually.
At least choose a system that isn't so totally non-discretionary if you are going to hide behind the ea is at fault game next time
  • #139
  • Jan 9, 2011 4:02am Jan 9, 2011 4:02am
dreamliner why are you so worried?

looks to me you are more worried in that people and others finding a right way into making a profitable Ea and your crashing the party down.

everybody knows the risk of bots and backwards testing.

lets test it next week again and see how it will go.

i believe that this bot and other bots can be highly profitable when used in the right conditions. and closing manually.

i used speedtrain on friday and made 170 pips on EURUSD.

i as well have studied many bots before. but this one shows to me the most promise.

so lets keep the worrying out of this thread and continue going forwards.
  • #140
  • Jan 9, 2011 7:05am Jan 9, 2011 7:05am
Tasman, why not say "your MPAS isn't profitable FOR ME" as you seem to be the only one who can't make it work. I don't know why that is, possibly you just have difficulty trading? Maybe hire a mentor? Or maybe go to babypips.com and study? I'm sure there is a way for you to learn, though I don't know what it is right now, and I'm unwilling to take this thread to teach you.

Quoting tazmaan
your mpas isn't profitable, you just delay the result by playing the 'blame it on the ea' game and try to force ppl to trade it manually.
At least choose a system that isn't so totally non-discretionary if you are going to hide behind the ea is at fault game next time
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