No problem - Steve will be along soon to sort this out for us ....
- | Commercial Member | Joined Apr 2007 | 8,331 Posts
Steve,
i run the EA under the backtester on M5 with simplest settings to explore the "pure reversal rule" result:
CandlesInSeries=4
TP=10
no SL
no mptm features
no recovery features (I left "Start_Recovery_at_trades" at 2 as default).
What i observe is that a trade is opened at opening the candle following 4 consecutive green or red candles -- this is expected.
However, if the next (5th) candle is still the same color, then the EA will open another trade, and so on.
Meaning that the EA will open a new trade at each candle opening as long as there are AT LEAST CandlesInSeries previous candles of the same color.
The EA only looks for the past CandlesInSeries candles to decide, and does not check if that amount is exceeded already.
This makes the EA end up opening 5 sells if we have a series of 9 red candles in a row.
I would have expected the EA to open just 1 trade, at the 5th candle, only.
At the 6th candle, we would NOT open a new tarde, because there are 5 past red candles, not only 4.
And so on.
If we set CandlesInSeries to 2 for instance, then we can end up with many cumulating wrong-direction open trades until a reversal candle stops us from opening new trades.
Perhaps a user input to choose if we want :
1) to open a new trade only when the series of candles == CandlesInSeries, (this was my understanding of the strategy), or,
2) to keep opening counter-trades as long as the series of candles is >= CandlesInSeries; (this is how the EA behaves at the moment)
Perhaps an input to set the maximum number of counter-trades that can be opened in the same series of candles ?
BTW, this behaviour has a side-effect on when Recovery kicks in:
once the EA has opened 2 counter-trades in the same series, Recovery kicks in (with default setting "Start_Recovery_at_trades" of 2), which screws up any hard TP that we would have set.
And this happens even when "UseRecovery" is false, which i think is unexpected behaviour in that case.
Another point is the exit rules:
appart from SL, MPTM, and Recovery features, there is no option to just ask to close any trade at the close of the current bar, whatever the outcome may be.
I am not saying that SL, MPTM, and Recovery features are not enough exit rules
...
Just trying to confirm with the EA what i am finding with the "simple rules" of my indicator...
Don't know if you would be interested in adding those 2 features...
Sq
i run the EA under the backtester on M5 with simplest settings to explore the "pure reversal rule" result:
CandlesInSeries=4
TP=10
no SL
no mptm features
no recovery features (I left "Start_Recovery_at_trades" at 2 as default).
What i observe is that a trade is opened at opening the candle following 4 consecutive green or red candles -- this is expected.
However, if the next (5th) candle is still the same color, then the EA will open another trade, and so on.
Meaning that the EA will open a new trade at each candle opening as long as there are AT LEAST CandlesInSeries previous candles of the same color.
The EA only looks for the past CandlesInSeries candles to decide, and does not check if that amount is exceeded already.
This makes the EA end up opening 5 sells if we have a series of 9 red candles in a row.
I would have expected the EA to open just 1 trade, at the 5th candle, only.
At the 6th candle, we would NOT open a new tarde, because there are 5 past red candles, not only 4.
And so on.
If we set CandlesInSeries to 2 for instance, then we can end up with many cumulating wrong-direction open trades until a reversal candle stops us from opening new trades.
Perhaps a user input to choose if we want :
1) to open a new trade only when the series of candles == CandlesInSeries, (this was my understanding of the strategy), or,
2) to keep opening counter-trades as long as the series of candles is >= CandlesInSeries; (this is how the EA behaves at the moment)
Perhaps an input to set the maximum number of counter-trades that can be opened in the same series of candles ?
BTW, this behaviour has a side-effect on when Recovery kicks in:
once the EA has opened 2 counter-trades in the same series, Recovery kicks in (with default setting "Start_Recovery_at_trades" of 2), which screws up any hard TP that we would have set.
And this happens even when "UseRecovery" is false, which i think is unexpected behaviour in that case.
Another point is the exit rules:
appart from SL, MPTM, and Recovery features, there is no option to just ask to close any trade at the close of the current bar, whatever the outcome may be.
I am not saying that SL, MPTM, and Recovery features are not enough exit rules
...Just trying to confirm with the EA what i am finding with the "simple rules" of my indicator...
Don't know if you would be interested in adding those 2 features...
Sq
- | Commercial Member | Joined Apr 2007 | 8,331 Posts
Steve,
i run the EA under the backtester on M5 with simplest settings to explore the "pure reversal rule" result:
CandlesInSeries=4
TP=10
no SL
no mptm features
no recovery features (I left "Start_Recovery_at_trades" at 2 as default).
What i observe is that a trade is opened at opening the candle following 4 consecutive green or red candles -- this is expected.
However, if the next (5th) candle is still the same color, then the EA will open another trade, and so on.
Meaning that the EA will open a new trade at each candle opening as long...
I commented on the potential close distance between trades a while back, but nobody took any notice.I am watching to see what happens for week before making any changes.
Cheers
- | Commercial Member | Joined Apr 2007 | 8,331 Posts
My point here is that we're discarding ideas without giving them enough time to for them to be tested,
Your ideas from a couple of posts ago make sense; I am considering them.
- | Commercial Member | Joined Apr 2007 | 8,331 Posts
Latest update in post 1:
- MinimumCandleBodySize: please see explanation in post 1
- Change to the way CalculationCandlesCount works: please see explanation in post 1
- added a re-entry line and ReEntryLinePips input a la The Beast etc. As yet, there is no auto-relp calculation; let's wait and see if it is necessary.
Have fun. This one made a promising start on demo last week.
- | Commercial Member | Joined Apr 2007 | 8,331 Posts
hi guys
As i glance sometimes around Steeve EA, this one let me skeptic.
This strategy is built on random timing candles: thats funny but really dont talk about the future: nobody can watch the landscape if he's only looking his feet.
Better to know the weekly cycle/trend, then calculate the noise range, and be ready for bouncing
only my 2 cents
Steve, FWIW I really think this EA does have potential.
After 1 week, ea is up 10.6% with open trades sitting at +$30.61
trading all pairs (I have gone all out on this to see if it will break).
Trading 0.1 lots
1H timeframe
Ea is set to default with SequenceMinimumCandles = 6
TP = 300
Use Recovery = True 1.2.6
Margin was never an issue.
Most trades are closing using the Recovery trailing stop
The only 2 comments/suggestions I have would be in relation to the recovery trades kicking in early as squalou explained (but it looks like you have made some adjustments for this)
And perhaps the ability to restrict the max number of pairs traded (as per TB) as margin could be compromised if multiple recovery trades are open at the same time.
Of course, we can just manually restrict the number of pairs we trade as well
I have attached a statement and graph and will continue demoing this week.
I will also update the ea as per your amendments a couple of posts ago.
Additionally, I am also demoing (read having some fun) on 15M charts, using 3 candles - account is up 50% in 1 week, but with a 30% drawn down. I think it is likely to blow very soon as margin is around 200% and 4 candles which is up 25% and margin around 500% with a large drawdown as well.
So, thanks again Steve for always being open to different ideas and strategies...as you've shown with TB your persistence and committment to 'the cause' has been amazing along with the myriad of other ea's you've produced. I'm so pleased you are starting to reap the rewards of your endeavours and I thank you for sharing them all so willingly with the rest of us
Cheers
Shelley
After 1 week, ea is up 10.6% with open trades sitting at +$30.61
trading all pairs (I have gone all out on this to see if it will break).
Trading 0.1 lots
1H timeframe
Ea is set to default with SequenceMinimumCandles = 6
TP = 300
Use Recovery = True 1.2.6
Margin was never an issue.
Most trades are closing using the Recovery trailing stop
The only 2 comments/suggestions I have would be in relation to the recovery trades kicking in early as squalou explained (but it looks like you have made some adjustments for this)
And perhaps the ability to restrict the max number of pairs traded (as per TB) as margin could be compromised if multiple recovery trades are open at the same time.
Of course, we can just manually restrict the number of pairs we trade as well
I have attached a statement and graph and will continue demoing this week.
I will also update the ea as per your amendments a couple of posts ago.
Additionally, I am also demoing (read having some fun
) on 15M charts, using 3 candles - account is up 50% in 1 week, but with a 30% drawn down. I think it is likely to blow very soon as margin is around 200% and 4 candles which is up 25% and margin around 500% with a large drawdown as well.So, thanks again Steve for always being open to different ideas and strategies...as you've shown with TB your persistence and committment to 'the cause' has been amazing along with the myriad of other ea's you've produced. I'm so pleased you are starting to reap the rewards of your endeavours and I thank you for sharing them all so willingly with the rest of us
Cheers
Shelley
- | Commercial Member | Joined Apr 2007 | 8,331 Posts
Steve, FWIW I really think this EA does have potential.
After 1 week, ea is up 10.6% with open trades sitting at +$30.61
trading all pairs (I have gone all out on this to see if it will break).
Trading 0.1 lots
Ea is set to default with SequenceMinimumCandles = 6
TP = 300
Use Recovery = True 1.2.6
Margin was never an issue.
Most trades are closing using the Recovery trailing stop
The only 2 comments/suggestions I have would be in relation to the recovery trades kicking in early as squalou explained (but it looks like you have made some adjustments...