Caillou: another always-in auto-trader by SteveHopwood

caillou + grid. -> caigrid..
of course need to on real test only to know whether it works or not..

I am using this EA since last week and found mixed result, and i found it some times draw down upto -110.
so i close all trade and start again.
is this a right method or i need to wait to EA close tradeautomatically ??
please guide me.

Thanks

Hi, i upload Real Account picture. What you think? EA make 10% i one day. Bye.

strange thing - enough people here tried to recap the results posted by "zk74" AND using at the same time his EA AND his setfile ... but mostly we read here negative results not similar with zk74's results ?

Perhaps all his negative trades are still open :-)

i dont think anyone in the thread got his setting file. or perhaps i have missed it. any chance for an upload on the thread? hehe
great result on live by the way!

oh no .... look through this thread ... you'll find the EA+ setfile he mentioned some times about his setfile and EA version ! BUT does the setfile he posted really work is all that true ? zk74 itself claimed some times that this is doing great ... hmmm have no clue how he got these results

judging by common senses, ZK74's way cannot work over a period say one or two months.

it is simply dumb that every minute you pay 2 pips commission to the broker (if trading eurusd), and when you close the basket, each pos pays again 2 pips to the broker.

we know, each pos only take profit a few pips, and 4 out of this a few pips is so dumb high!

if this EA works on 1-min, the whole world's brokers will use it since this EA earns more for them instead of the traders.

on the other hand, jonirrenicus' idea on 4-hour timeframe seems promising. but not sure how he has played with it recently.

my guess is that he has different settings for live and for demo.

it may earn for couple of days, but it wont last a month for sure.
if you want this account to live, i think 100 is way too small for this type of EA.

also, zk74 has different EA.
the name is different and he is using ATR stoploss but it displays on the trade as 0.
just saying.

Hi,

Any new update?

I noticed that Caillou sometimes has impressive results, but gets killed in big moves.

I added some filters to try to make it trade only when the market is ranging.

There's three you can switch on and off - ATR, RSI, and High/Low

The default settings are what I tested briefly, on m5.

---

A short description of the settings:

* useATRfilter - turns on the ATR filter. Attempts to define a range using 2 values of ATR, and long and a short. If the short value is less than the long value, assumes a range.

* useRSIfilter - turns on RSI filter. Attempts to use RSI to define a range. If the RSI is between 55 & 45, assumes a range.

* use HILOfilter - turns on the high/low filter. This counts "barcount" bars, and finds the highest high and lowest low on "filter_period" timeframe. If the price is between these values, assumes a range.

* FilterProfits - if we're in profit, but one of our indicators changes to "none", close all open trades to lock in profits.

* filter_period - the timeframe the filters use. Should always be higher than the timeframe you run caillou on. For example, I use m5 timeframe, so I set the filter_period to 60.

* barcount - how many bars to look back for the high/low range. All filter periods are calculated from this value too, as x2. So, for example, the default value of 10 means the high/low filter will look back 10 bars on the hourly chart for high/low. RSI & low ATR value will be 20. High ATR value will be 200.

* useHILOstoploss - if enabled, sets the stoploss using the high/low found with useHILOfilter. Over-rides over stoploss settings.

* NormalStopLoss - stoploss in pips. Make sure useHILOstoploss is disabled or else this won't work

* ATR_Stoploss - an emergency stoploss only. Gets it's value from daily ATR value 20, x3

---

with the default settings, it ***seems*** to trade accurately, but it trades infrequently and most trades seem to close quite quickly again. See how you fair.

Also, the code is a huge mess, and I can barely figure it out anymore. Please don't ask for any big changes.

Lastly - the stoploss feature is designed to work with ECN brokers. It doesn't set the stoploss initially - it waits a minute or so and then tries to change the orders to add the stoploss. If an order moves rapidly against you, however, the stoploss won't be set.


---

hope this all makes sense!

try this set with $100 in balance M15