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Caillou: another always-in auto-trader by SteveHopwood

  • #261
  • May 23, 2011 9:47pm May 23, 2011 9:47pm
Quoting azertyken
hi, first of all, I know I should not take this thing live yet. However, I do not like backtesting at all (too ideal situations such as nice and quick trade closures, incomplete tickdata, etc) and even demo trading I'm sceptical about.

So, I took a 500:1 micro-account, put 100$ on it, trade 0.01 lots (meaning basically that I can take thousands of orders), put version 0.7 on about 10 pairs (M1), all TP 0.25, and no RSI and stuff, and just see what happens after a few days. And here are my findings:

- the account was increasing, went from 100...
I am doing similar testing on my live accounts. I have been trading 3 pairs (EU, GU, EG) on HotForex using v1.04. I would have a max of around 30-40 orders open at one time for the 3 pairs. When the TP was hit, it would usually close around 15 orders, but it happened pretty quick, I'd say in less than 20 seconds or so (roughly a little over a second an order). So the order closing has not been a problem for me. (but I didn't have 400 orders ! what a monster)

I may be moving from V1.04 to ?? probably V1.02. V1.04 seems to only trade in one direction. This is a problem for me because I want the hedging orders placed like in the original version. I am also going to try the newer versions 8 or 9.

Trade Well
  • #262
  • May 23, 2011 10:08pm May 23, 2011 10:08pm
Quoting magft
Thanks for replying gspe but i think i do actually need to be calling those functions i was messing about last night trying different things and forgot to change back.

So, please find the modified v1.08 again for the third time.

I have also added the max spread check and restructured part of the code grouping some of the filters like max spread min margin check and number of trades. This is present in v1.09 and in BT it does make trades and the fix above in 1.08 increases profit from $260 to $305 and DD to 13%.

So feel free to try different combinations...
I have read this entire thread several times now and I have been testing various versions with demo and live accounts. I am really liking this system!
Thanks to everyone who has helped with its development.

I have one request for a change. On version 1.09 Edd - it has pretty much everything I need but is there a way to turn off the Fractal functions?

I am essentially wanting it to be like V1.02 with the money management, max trades, max spread, features...

I would try, but I am a coding rookie and would probably mess it up.
  • #263
  • Edited 1:55am May 24, 2011 1:32am | Edited 1:55am
Quoting DojiMojo
I am doing similar testing on my live accounts. I have been trading 3 pairs (EU, GU, EG) on HotForex using v1.04. I would have a max of around 30-40 orders open at one time for the 3 pairs. When the TP was hit, it would usually close around 15 orders, but it happened pretty quick, I'd say in less than 20 seconds or so (roughly a little over a second an order). So the order closing has not been a problem for me. (but I didn't have 400 orders ! what a monster)
Hm, then I must be doing something wrong then because for me it is basically an exception if it gets there within 50 orders per pair or so. Mostly they seem to close when there are about 50 to 150 orders per pair. For sure 30 to 40 orders is much more comfortable ;-)

you say that you also trade 0.01 lots on M1. As I suspect you also use a micro-account, your TP of 2 is a lot higher than mine (0.25) which is strange because I guess that if I would let my sets only close at TP 2, that I would get even a lot more trades. I use 1.07, perhaps I should try the 1.04 like you.

Thanks!
  • #264
  • May 24, 2011 3:22am May 24, 2011 3:22am
Only use on H4 EU

A truely set and forget foolproof mad scalping toy for playing

Don't believe? go testing then...
Attached File(s)
File Type: mq4 Caillou v1.03R.mq4   23 KB | 438 downloads
No one wants to be defeated~
  • #265
  • May 24, 2011 4:01am May 24, 2011 4:01am
Quoting DojiMojo
I have read this entire thread several times now and I have been testing various versions with demo and live accounts. I am really liking this system!
Thanks to everyone who has helped with its development.

I have one request for a change. On version 1.09 Edd - it has pretty much everything I need but is there a way to turn off the Fractal functions?

I am essentially wanting it to be like V1.02 with the money management, max trades, max spread, features...

I would try, but I am a coding rookie and would probably mess it up.
Here is a quick mod for you, UseFractals to enable disable the the fractal filter. In BT for last 5 months with fractals profit = 302.9, DD=12.93 and profitable trades=80.8%. Without fractals profit = 3078, DD=54.3% and profitable trades=81%.

This was for H1 EU $1000 demo, looks like without fractals the risk is higher but if there is enough account balance you can make a killing if the market returns. Seems too risky to me though unless there is sufficient balance.
Attached File(s)
File Type: mq4 Caillou v1.10 Edd.mq4   22 KB | 458 downloads
  • #266
  • May 24, 2011 4:18am May 24, 2011 4:18am
Quoting magft
Here is a quick mod for you, UseFractals to enable disable the the fractal filter. In BT for last 5 months with fractals profit = 302.9, DD=12.93 and profitable trades=80.8%. Without fractals profit = 3078, DD=54.3% and profitable trades=81%.

This was for H1 EU $1000 demo, looks like without fractals the risk is higher but if there is enough account balance you can make a killing if the market returns. Seems too risky to me though unless there is sufficient balance.
doesn't this EA have a theoretical profitable trades percentage of 100%? Or did you have one of the death-trade mitigation strategies enabled for the BT?
  • #267
  • Edited 6:02am May 24, 2011 5:29am | Edited 6:02am
Quoting magft
Here is a quick mod for you, UseFractals to enable disable the the fractal filter. In BT for last 5 months with fractals profit = 302.9, DD=12.93 and profitable trades=80.8%. Without fractals profit = 3078, DD=54.3% and profitable trades=81%.

This was for H1 EU $1000 demo, looks like without fractals the risk is higher but if there is enough account balance you can make a killing if the market returns. Seems too risky to me though unless there is sufficient balance.
Mike,

Is there anyway to determine so that if the breakout is 50% Fib. only then a trade be open. Surpisingly the EA in my end did not send a trade so far. My broker is IBF Australia. Just turned Criminal to False, and waiting for the first trade.

Thanks,

Edd
  • #268
  • May 24, 2011 6:38am May 24, 2011 6:38am
Quoting magft
Here is a quick mod for you, UseFractals to enable disable the the fractal filter. In BT for last 5 months with fractals profit = 302.9, DD=12.93 and profitable trades=80.8%. Without fractals profit = 3078, DD=54.3% and profitable trades=81%.

This was for H1 EU $1000 demo, looks like without fractals the risk is higher but if there is enough account balance you can make a killing if the market returns. Seems too risky to me though unless there is sufficient balance.

Could you please advise how to turn off the reverce trades as well?
  • #269
  • May 24, 2011 9:40am May 24, 2011 9:40am
Quoting magft
Here is a quick mod for you, UseFractals to enable disable the the fractal filter. In BT for last 5 months with fractals profit = 302.9, DD=12.93 and profitable trades=80.8%. Without fractals profit = 3078, DD=54.3% and profitable trades=81%.

This was for H1 EU $1000 demo, looks like without fractals the risk is higher but if there is enough account balance you can make a killing if the market returns. Seems too risky to me though unless there is sufficient balance.
Thanks magft... You are the Man!
I look forward to testing this..
  • #270
  • May 24, 2011 9:59am May 24, 2011 9:59am
I am letting the version of post #1 run OOTB on M1.

Lost the clue of what is what after not having signed in to read every post the past couple of days.

Taking trades like crazy, lol.

Maybe it is possible to add the option for the info on the left to be switched to our liking: on or off.
Watching it now for 2 hrs give me the feeling I am 20 yrs again and in a disco club.
  • #271
  • May 24, 2011 10:23am May 24, 2011 10:23am
IMPRESSED !!

Guess if I want to lower the TP from $1, I need to stop and restart the bot, but having fun watching the psychedelic text and the continuous taking of positions, as high as 6 open at a certain time
  • #272
  • May 24, 2011 4:29pm May 24, 2011 4:29pm
Max. open trades at the same moment so far after 5 hrs testing are 11.

The margin check incorporation would be a welcome supplement to this EA.
  • #273
  • May 25, 2011 4:14am May 25, 2011 4:14am
The first two rules i learned in forex was: 1. never go against the trend 2. never add positions to a losing trade.

This baby does both as well it causes the MT4 to crash. I could wait for the price to return but I don't think I will have any account left by then...
Attached Image (click to enlarge)
Click to Enlarge Name: eu m1 cailou 1.10.gif Size: 24 KB
  • #274
  • May 25, 2011 5:06am May 25, 2011 5:06am
I look at this another way.
It is simply a mathematical activity, there will be a moment one direction will win, as the bot seems to add in the direction of a bigger move.
Max opened positions in a basket so far have been 14.

On M1 it is hard to see a real "trend".

What confuses me at the moment is what version to test on M1.
So far doing fine with the one attached to Post 1, although the fractal stuff does makes sense.

Not a single problem with it running on my platform and I am using the same broker as you are.
  • #275
  • May 25, 2011 5:24am May 25, 2011 5:24am
Quoting Freddyfx
I look at this another way.
It is simply a mathematical activity, there will be a moment one direction will win, as the bot seems to add in the direction of a bigger move.
Max opened positions in a basket so far have been 14.

On M1 it is hard to see a real "trend".

What confuses me at the moment is what version to test on M1.
So far doing fine with the one attached to Post 1, although the fractal stuff does makes sense.

Not a single problem with it running on my platform and I am using the same broker as you are.

We look at thinks the same way, iam only debating the point that this version open a sell trade after a green candle (and vice versa) and waits for the price to reverse to take profits, in this case the price did not, and in many other.

The method is superb in a ranging market but the price will break out "it's a mathimatical activity".

If we could only only find a way to limit the loses, consider this as a losing trade, and move on.
  • #276
  • May 25, 2011 5:36am May 25, 2011 5:36am
Happy we see it both the the same way.

Running it and waiting for something dramatic to happen, but as mentioned before, so far smooth sailing on this side, maybe should not even bother testing one of the other versions as long as I don't have an idea what is different.

Not much of a bot lover anyhow, but then I don't have the brain capacity like Steve,
When it gets to too many settings, my thinking goes numb.
  • #277
  • Edited 6:21am May 25, 2011 6:07am | Edited 6:21am
Mike,

I finally made the EA running with the ECN turned off. It appeared to me that the EA is not opening a trade in the direction of the break-out/trend (BO). Also, to refrain trading during ranging, the height of the closed bar must be considered in reference to the previous bar. Perhaps BO in the higher TF like the H4, entry be initiated on dip/top in the lower TF (I prefer tf5) to capture the beginning of the bo. I am running the v9.

Thanks and regards,

Edd
  • #278
  • May 25, 2011 11:27am May 25, 2011 11:27am
Is it just me or it that all these version of EA are really buggy?
  • #279
  • May 25, 2011 1:32pm May 25, 2011 1:32pm
Quoting magft
Here is a quick mod for you, UseFractals to enable disable the the fractal filter. In BT for last 5 months with fractals profit = 302.9, DD=12.93 and profitable trades=80.8%. Without fractals profit = 3078, DD=54.3% and profitable trades=81%.

This was for H1 EU $1000 demo, looks like without fractals the risk is higher but if there is enough account balance you can make a killing if the market returns. Seems too risky to me though unless there is sufficient balance.
Hi magft. I was testing the V1.10 Edd ea and noticed a problem.
When the number of open trades reaches the limit set by the parameter, the display of the upl locks up and it appears the whole ea locks up.
  • #280
  • Edited 2:20pm May 25, 2011 1:36pm | Edited 2:20pm
Can one of you Code Guru's create and indicator the plots a horizontal line on the chart that shows the current average entry price of the open Buy positions and the open sell positions (two horizontal lines).

That would be nice to know.

I found an indicator that could be used for a starting point. I attached it..

Thanks !
Attached File(s)
File Type: mq4 Average_Entry_Price.mq4   4 KB | 320 downloads
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