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How about this excellent ea?

  • #21
  • May 10, 2011 12:41pm May 10, 2011 12:41pm
i wont be available online this week. but i will resume posting this week. i just say i should post so that one will not feel my trade has gone bad.

i should be back next week. stay tunned
  • #22
  • May 16, 2011 4:31pm May 16, 2011 4:31pm
I AM BACK ONLINE.
And back in the business of making pips. I started this thread 2yrs ago and proposed and EA that trades ranging market. The idea sounded absurd especially because i was new in the FX market.

having developed the system over time i decided that to show you guys that its works and put opened an acct 2 weeks ago so far the results have been impressive has always (i.e my accts). TRADES DO GO BAD. BUT I AM WORKING TO PUT THAT TO THE BAREST MINIMUM

But i believe in the sharing spirit. the EA i use presently is a commercial and promotion of such stuffs is forbidden. But i know there are programmers out there that can think in this direction work on the idea.


HERE IS MONDAYS REPORT AS I PROMISED
NOTE:THIS IS NOT A BACKTESTING RESULT
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  • #23
  • May 16, 2011 5:48pm May 16, 2011 5:48pm
I'm not sure why you are reluctant to name the robot you are trading with. That is permitted, see these threads.

http://www.forexfactory.com/showthre...ighlight=turbo


http://www.forexfactory.com/showthre...ight=megadroid

I think what people get upset with is making false or exaggerated claims about the robots. If you can back up your claims, I think people would be interested. By backing them up, I mean trading in a real money account and posting the investor password or on myFXbook. People have been known to fake equity charts.

What you are suggesting about reverse engineering a commercial EA will not be acceptable to most of us. There was one poster who did that several times a year ago and got no response.
  • #24
  • May 16, 2011 6:11pm May 16, 2011 6:11pm
I Get your point, but i think posting it up here will be more of advertising. I am trying to share the idea and see how someone can turn this system into an EA. these are other reasons i didnt include the name

-The one I have to watch the one i am using closely because it can close your account as quick as it can make profits. if someone sees that he will quickly assume my reports have been faked

-I think i read somewhere there is a certain amount of posts required before one can discuss commercial stuffs

-if i post the name people would concentrate on the EA rather on the idea.

but here is a complete statement. htmls are not allowed as attachments
Attached Image (click to enlarge)
Click to Enlarge Name: Statement- 2866612 - Gideon Adewumi 2011-05-16 22-28-09 completed trades.jpg Size: 203 KB
  • #25
  • May 17, 2011 2:56am May 17, 2011 2:56am
Quoting Adewumi
I Get your point, but i think posting it up here will be more of advertising. .......
Adewumi,

Two years ago you had an idea and were asking for an EA to be written.

Now I see that you have a commercial EA, and are starting to post results.
Does this new EA conform to the rules/ideas that you noted back in post #1, or is it something different?

Anyway, I see some interesting results in your last attachment (post #24):

1. No hard stoplosses. Not necessarily bad, but it means that I try to read between the lines, for some kind of loss exit strategy.......

2. Win rate is 86%, but the losses are more than double the size of the average win. This is confirmed by the steady climb in the equity curve, but the sudden dips. Also, looking at the entry/exit times, winners are exited quickly (many within a few minutes), but some losses have been held for hours rather than minutes.

3. Position sizes seem to increase 0.1 -> 0.2 -> 0.4 ...... I wonder what happens after 0.4 lots ....... , and perhaps more importantly, what will happen if losses start coinciding with the larger position sizes. To be fair, the equity dips aren't immediately followed by an upward spike back to parity (which is the most obvious telltale Martingale sign).

4. Profit factor = 3.08. With an EA, anything above 1.5 frequently points to results being propped up artificially by dubious MM. But there are only 50 trades behind us, across 11 days; so it's early days, and I'll happily reserve judgement. Something around 2,000 trades and 2-3 years is needed to attain any kind of statistical validity, IMO.

Let's see what happens.......

Good luck,
David
  • #26
  • May 17, 2011 5:22am May 17, 2011 5:22am
Quoting hanover
Adewumi,

Two years ago you had an idea and were asking for an EA to be written.

Now I see that you have a commercial EA, and are starting to post results.
Does this new EA conform to the rules/ideas that you noted back in post #1, or is it something different?

Anyway, I see some interesting results in your last attachment (post #24):

1. No hard stoplosses. Not necessarily bad, but it means that I try to read between the lines, for some kind of loss exit strategy.......

2. Win rate is 86%, but the losses are more than double the...
First of all, i must confess you are good at what you do. Your post was just magnificent. your analysis was really good. However, it appears you didn't go through all my posts because you would have seen the answers to some points you raised. now let me address the issues you raised.
  • #27
  • May 17, 2011 5:31am May 17, 2011 5:31am
Yes, I did made some modifications to the my post two years ago


Quoting hanover
1. No hard stoplosses. Not necessarily bad, but it means that I try to read between the lines, for some kind of loss exit strategy.......

This is because the commercial EA doesn't uses any stop losses.
I watch the trades and analyses the market to see if a position have gone totally wrong usually when there is a breakout of the channel
  • #28
  • May 17, 2011 5:35am May 17, 2011 5:35am
Quoting hanover
Adewumi,

2. Win rate is 86%, but the losses are more than double the size of the average win. This is confirmed by the steady climb in the equity curve, but the sudden dips. Also, looking at the entry/exit times, winners are exited quickly (many within a few minutes), but some losses have been held for hours rather than minutes.
if you have been following my posts will notice that there is a steady upward rise in equity and then a deep at the end.

This is because i close all open trades when my desired equity is reached.
  • #29
  • May 17, 2011 5:39am May 17, 2011 5:39am
Can you explain the trading strategie in a better way? I can't find your way of defining a channel? Without any clear rules, its impossible to write an EA..
Also, since you already have an EA for it, what do you need? smells a bit like promotion eventough you don't give an EA name...
  • #30
  • May 17, 2011 5:41am May 17, 2011 5:41am
Quoting hanover
Adewumi,


3. Position sizes seem to increase 0.1 -> 0.2 -> 0.4 ...... I wonder what happens after 0.4 lots ....... , and perhaps more importantly, what will happen if losses start coinciding with the larger position sizes. To be fair, the equity dips aren't immediately followed by an upward spike back to parity (which is the most obvious telltale Martingale sign).
You are right, that is not my doing.
the EA wasn't designed for this system i am using it because it opens trades the way i the create profit opportunities for the system

That is why i said in my earlier posts that the system can make you loose money as quickly as it can make money for you because a loss at 0.4 lots can wipe all your profits from 0.1 lots.

that's where i intervene
  • #31
  • May 17, 2011 5:51am May 17, 2011 5:51am
Quoting hanover
Adewumi,


4. Profit factor = 3.08. With an EA, anything above 1.5 frequently points to results being propped up artificially by dubious MM. But there are only 50 trades behind us, across 11 days; so it's early days, and I'll happily reserve judgement. Something around 2,000 trades and 2-3 years is needed to attain any kind of statistical validity, IMO.

Let's see what happens.......

Good luck,
David
I think all my previous explanations explains this points. I am the one cutting/preventing losses not the EA.

Finally, the 11 days challenge puts some emotional stress on me i must confess. but anything for pips and show that this really works. [but permit me to give an excuse should anything go wrong] because i can feel some pressure write now with traders like CodeMeister, Hannover and other vouched traders reading the thread
  • #32
  • May 17, 2011 5:58am May 17, 2011 5:58am
Quoting Adewumi
I think all my previous explanations explains this points. I am the one cutting/preventing losses not the EA.

Finally, the 11 days challenge puts some emotional stress on me i must confess. but anything for pips and show that this really works. [but permit me to give an excuse should anything go wrong] because i can feel some pressure write now with traders like CodeMeister, Hannover and other vouched traders reading the thread
Adewumi,

There is no pressure from me. My previous comments were intended to be constructive. I would like to see this work profitably for you.

Good luck,
David
  • #33
  • May 18, 2011 12:19pm May 18, 2011 12:19pm
No trades yesterday, the market was just everywhere. But the ff currencies formed channels for the system esp EURUSD, USDCAD, AUDUSD. ALMOST EXITED LATE THOUGH
Attached Image (click to enlarge)
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  • #34
  • May 18, 2011 12:50pm May 18, 2011 12:50pm
I know many people are tired of seeing equity charts from a system they that could be like 10, 000 other systems.

We all want to see EA's not some Boring charts. yes i want to and i am eventually going to post it by God's grace. without consistency developing and EA would be as stupid as building the pouring water into a basket.

Let's just see how things pans out.
  • #35
  • May 18, 2011 1:08pm May 18, 2011 1:08pm
Quoting ido370
Can you explain the trading strategie in a better way? I can't find your way of defining a channel? Without any clear rules, its impossible to write an EA..
Also, since you already have an EA for it, what do you need? smells a bit like promotion eventough you don't give an EA name...
yes that's the difficult part, and to set things straight i am not promoting anything neither am i intending to sell any.

But i will give you a tip. unlike stocks, the forex market is very volatile and dynamic that's what makes it a difficult market to trade. But as soon as u can spot a distinct pattern and repetitive behaviour of price you should be able to make money.

IT IS THE UNPREDICTABILITY OF THE MARKET WE FEAR AND THATS WHY WE STAY OUT OR EXIT WHEN WE ARE UNSURE

it doesn't take a genius to be rich
it is He who knows the future and can plan for tomorrow that can be rich

i am not rich. that's why i am here but i am aiming for that thats why i wont stop here.
  • #36
  • May 19, 2011 3:20am May 19, 2011 3:20am
Incured my first loss since i started posting my Demo details today.

due to Bad trading ethics I believe.
I entered into the market just before 7.am Gmt = NOT A BAD DECISION
traded on EurGBP, EurJPY and USDCAD(usdcad =mistakenly)

EurJPY panned out well
USDCAD closed it as soon i a opened orders
EurGBP = BAD decision

why was Eurgbp a bad decision, GBP is a very volatile currency most especially during just before the london Open. I saw the market ranging.

Against my principles, i entered the trade because i around the time the market swings up and down in a quick manner allowing me to take profits quickly and exit the market in time. Closed the bad trades after the breakout. my acct size is not large enough to see if it will come back to TP

learned my lesson the hard way though.
Two days profit taken away by one day's mistake

EurJPY ranged well and made cool profits. it later broke out of the channel and could have caused havoc. glad to have exited then

"BUT ITS NOT NOT HOW YOU BEGIN A DAY THAT MAKES IT A BAD DAY. IT IS HOW YOU CHOOSE TO END IT THAT MAKES IT A BAD DAY" ___ME
Attached Image(s) (click to enlarge)
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  • #37
  • May 20, 2011 3:35am May 20, 2011 3:35am
Good day but I didn't like the fact that i had to stay so long for trades to materialize. I even had to close 3 trades that later turned out to be profitable but with yesteday's lost. I cant take chances

just for the records, all three of yesterday EURGBP trades eventually reached their TP but as i have learnt in the past, if you are not sure of the price's future, be contented with your loss.
Attached Image (click to enlarge)
Click to Enlarge Name: day 3.png Size: 50 KB
  • #38
  • May 22, 2011 5:31pm May 22, 2011 5:31pm
I just made a terrible mistake While reading a thread in the rookie forum.
I just found out that I left the Expert Advisor button "ENABLED", Only to notice that the EA has entered 4 bad trades.

I am going to allow it to float till whatever outcome comes out of it.

look at the charts,

the markets is not even ranging
two who trades on sundays?

The 11 days testing still continues no matter what. I really feel terrible for making such a mistake.

I'll certainly find a way to make up for the mistake.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: terrible mistake (no excuses) audusd.gif Size: 80 KB
Click to Enlarge Name: terrible mistake (no excuses) eurusd.gif Size: 79 KB
  • #39
  • Jun 25, 2011 5:08am Jun 25, 2011 5:08am
THAT costly mistake closed the demo acct. Moreover, I found out that matingale systems apparently dont do well with brokers with spreads greater than 3pips.

I have been away principally, because my modem was bad and occupational pursuit.
Nevertheless, I have been learning MQL4 since i discovered it wasnt as difficult as i had initially taught it would be. it has lots of similarities with java and C++ but the debugging aspect is just awful.

Finally, i can code and let the Gurus in that area do some editing and finish ups.
i am still not that stable for FF activities. However, i will try to visit from time to time to say hello now and then.

Thanks to all who wanted to help develop this stuff. I do hope i can help you in one way or the other in the nearest future.
  • #40
  • Last Post: Apr 9, 2018 12:43pm Apr 9, 2018 12:43pm
Hello, I promised some time ago to post a good EA here, so I have now decided to go through with my promise.
I finally learned Mq4 after a couple of people told me my strategy was crap. anyways that project have been completed too. I am not marketing any thing here neither do I intend to sell. Forex Factory has helped me tremendously over the years and I want to give something back to this community. So grateful and God Bless you.

The Ea needs manual intervention. IT IS NOT A SET AND FORGET EA. but the results are very promising.

It trades retraces and bounces off pivot lines. I close trades based on how I guage the strength of the momentum and keep drawdown at $100

details are in the mq4 file

Pivot legend performance on myfxbook


other EA you may like (indorun) it is free
Indorun mYFXBOOK performance
and can be found on line. They were all monitored and needed my manual intervention.
Attached File(s)
File Type: mq4 Majesty_Pivot_LEGEND_fxfactory.mq4   24 KB | 187 downloads
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