While back testing on GBPJPY, is anyone experiencing a problem with the EA ending up with only 1 order open and that trade having large drawdown or blown accounts?
Rinse and Repeat. A hedge trading auto-trader by SteveHopwood
While back testing on GBPJPY, is anyone experiencing a problem with the EA ending up with only 1 order open and that trade having large drawdown or blown accounts?
Have not been able to complete a full 3 month test as yet
Dont know if it is the bot or if it is strategy tester
On the latest version I can not get a test to run at all
I get ' zero divide ' in journals log
Me on strategy tester, whatever next ! ... you have a lot to answer for Mr Hopwood
but it's all good fun
- #85
- Apr 10, 2011 10:52am Apr 10, 2011 10:52am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Might that have an application for R&R?
On one but last version it happened to me every time testing eurusd results in getting a margin call
Have not been able to complete a full 3 month test as yet
Dont know if it is the bot or if it is strategy tester
On the latest version I can not get a test to run at all
I get ' zero divide ' in journals log
Me on strategy tester, whatever next ! ... you have a lot to answer for Mr Hopwood
Another problem I've noticed is the EA keeps trades open over the weekend which can lead to big losses/drawdowns or big wins should the new week open in your favor.
- #87
- Apr 10, 2011 11:48am Apr 10, 2011 11:48am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
I know what you mean but despite this the months that it does work/recover from it makes good profit, about 8-12%/mo and that's including the days it doesn't trade because of the DD trade left open.
Another problem I've noticed is the EA keeps trades open over the weekend which can lead to big losses/drawdowns or big wins should the new week open in your favor.
- #95
- Apr 11, 2011 2:28am Apr 11, 2011 2:28am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
I was not knocking the ea by the way ... just confirming I was seeing the same thing you were, just in case Steve wanted to investigate it
Does anyone know why I am getting the ' zero divide ' in the journal when trying to backtest the latest version ?
- #96
- Edited 3:16am Apr 11, 2011 2:36am | Edited 3:16am
If you are getting the zero divide error, then you only think you are backtesting the latest version. Delete both the .mql4 and .ex4 files from your system and re-download.
The bot opens the 2 initial trades and then immediately logs zero divide
Steve .. FYI, tried it on 4 different IBFX demos I have .. all same
So tried it on Alpari demo and seemed ok
So I am guessing it is my IBFX installation that is screwed
Will have to do a clean install
Thanks
- #98
- Apr 11, 2011 1:19pm Apr 11, 2011 1:19pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Is it possible to set the EA so that instead of trailing the winner it just takes profit at 10 pips? Often the trailing starts and ends up in a very small profit. I'd better take 10 pips profit right away.
Well Steve, I am a little surprised at the rather muted response to this thread. I have followed your bots for some time now and this one immediately struck me as being, at this early stage, the best yet. I have run it on EURUSD and it seems to be a safe and consistent winner, although I certainly would never run it with a restricted number of trades. The reason for this is, given the strategy the bot uses, it seems to me that stopping trading at some arbitrary point can only result in an "unbalanced" set of trades that will either be good or bad depending on how the market moves in the same way as a single trade.
Moving on to more general thoughts (and I know that thoughts along these lines have been voiced before on FF), if a bot proves to be a steady and consistent winner, will the crims allow us to empty their bank accounts with it? After all Metatrader is their platform, being supplied with their prices, and some would say designed with one sole object in mind, just put yourself in the crims shoes for a minute, what would you do?
In forex trading there is no equivalent of the LSE (or NYSE etc.) electronic trading system. When I used to trade share CFD's, I would never have dreamed of trading with an outfit that provided its own version of the official LSE prices, and took the other side of my position, their interests would have been the exact opposite of mine. I used to trade with a crim that charged me a commission on every trade and gave me execution at the level 2 order book prices, that way they got their commission whether I won or lost and consequently their interests were better served by me winning as I would be more likely to continue trading.
The point of all this rambling is to ask if anybody is aware of a crim that charges commission, offers a platform that can be programmed for automated trading, permits hedge trading, and is safely regulated.
(Not asking for much then!
)
Moving on to more general thoughts (and I know that thoughts along these lines have been voiced before on FF), if a bot proves to be a steady and consistent winner, will the crims allow us to empty their bank accounts with it? After all Metatrader is their platform, being supplied with their prices, and some would say designed with one sole object in mind, just put yourself in the crims shoes for a minute, what would you do?
In forex trading there is no equivalent of the LSE (or NYSE etc.) electronic trading system. When I used to trade share CFD's, I would never have dreamed of trading with an outfit that provided its own version of the official LSE prices, and took the other side of my position, their interests would have been the exact opposite of mine. I used to trade with a crim that charged me a commission on every trade and gave me execution at the level 2 order book prices, that way they got their commission whether I won or lost and consequently their interests were better served by me winning as I would be more likely to continue trading.
The point of all this rambling is to ask if anybody is aware of a crim that charges commission, offers a platform that can be programmed for automated trading, permits hedge trading, and is safely regulated.
(Not asking for much then!
)
- #100
- Apr 11, 2011 3:36pm Apr 11, 2011 3:36pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Well Steve, I am a little surprised at the rather muted response to this thread. ....................
The point of all this rambling is to ask if anybody is aware of a crim that charges commission, offers a platform that can be programmed for automated trading, permits hedge trading, and is safely regulated.
(Not asking for much then!
Not much. There isn't really a lot to discuss here, is there? We all hope, but surely nobody seriously believes that this bot can succeed long term. If trading really were this simple, then someone would have come up with the idea before now. Martingale has been around for a while, after all. Maybe that is why this thread is a bit muted?
Having said that, the standard of contributions to FF threads has improved dramatically since I started to contribute 4 years ago. I remarked elsewhere that a number of us have 'grown up together' and are starting to make sense of all this at about the same time.
In addition, we have attracted the attention of some seriously clever traders, as they have attracted our attention and we have learned to adapt their ides to our own strategies, and they have looked favourably on what we are doing.
I know there are people who leap upon my threads the instant I post them, but that is because of the critical mass that the sheer number of seriously clever minds who contribute are creating. It is nowt to do with me; I am just an idiot who is learning all the time from all the seriously clever minds and fellow FF uni graduates etc etc
Back to this bot. It arose out of Brian's balanced basket thingy, which gave rise to Dryclean's experiments with x trade-sized baskets, which led to me wondering, "What if we simply.......?" In truth, I did not expect the bot to outlast the day that I posted it.
So, maybe all we need to do is fund an account with $10,000 and trade a starting lot size of 0.01, sit back and watch the profits come in. My limited understanding is that people with deep profits martingale successfully.
Hey, maybe I just accidentally pointed the way forward for my future:
- Start a £10,000 demo and trade this bot at a start of 0.01 lots.
- Build my TOP account to $10,000.
- If my R&R has thrived, transfer to trading this, sit back and become rich.
Now, there is A Plan.