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  • #141
  • May 11, 2012 5:55am May 11, 2012 5:55am
Great trades, dirty brown, please would you put on your current settings?
  • #142
  • May 11, 2012 6:53am May 11, 2012 6:53am
Take this with the grain of salt that the EA may not use the same exact criteria for entry, which is fine, as long as it stays profitabl, in other words, if I were manually trading your screen shot, dirty brown, I would have entered trades when gapped 15 pips apart, using EU price scale, and closed when they touch...so I would still be in the trade going on the chart, can't see the TF, but the question about staying in a trade for long time is answered by only using 1min TF, then you won't be in trade for long time, remember this is correlation, so it's all about relativity, not actual numbers...since we don't know exactly how EA gets its entries, I would just let it do it's thing, it looks really good, so far! I guess you could see how long the longest trade it has held open is, but I'll bet it's reasonable! Keep it up! For encouragement, I'm up 16 % for this week!
Too close for pips, switching to points.
  • #143
  • May 11, 2012 8:21am May 11, 2012 8:21am
Quoting Thepipster
Take this with the grain of salt that the EA may not use the same exact criteria for entry, which is fine, as long as it stays profitabl, in other words, if I were manually trading your screen shot, dirty brown, I would have entered trades when gapped 15 pips apart, using EU price scale, and closed when they touch...so I would still be in the trade going on the chart, can't see the TF, but the question about staying in a trade for long time is answered by only using 1min TF, then you won't be in trade for long time, remember this is correlation,...
I think I'm about to lose. Until now, EA has booked 270 pips, and floating is negative: -416 pips. Since it's Friday, I will close all open trades by the end of the day (as someone recommended, no open trades during weekend) and will probably result in a loss. Any comments on this?
  • #144
  • May 11, 2012 8:35am May 11, 2012 8:35am
Is the ea supposed to open pairs of trades, or triples? sometimes it opens 2 trades, and sometimes it opens 3 trades.
  • #145
  • May 11, 2012 8:35am May 11, 2012 8:35am
Quoting marijan993
I think I'm about to lose. Until now, EA has booked 270 pips, and floating is negative: -416 pips. Since it's Friday, I will close all open trades by the end of the day (as someone recommended, no open trades during weekend) and will probably result in a loss. Any comments on this?
Ye I'm also in a bit of DD - 9%.. Still up almost 15% thou.. What do you normally do on Fridays Pipster? Its still quite a while before makets close thou - so I'll wait it out and see what happens..
  • #146
  • May 11, 2012 8:36am May 11, 2012 8:36am
if youre trading demo, keep trades open, for sure...this is correlation, you are betting the gap will close again. If it's live account, then do what you want, just know that I trade correlation with no SL at all! that means no losses!

Now, you and dirtybrown seem to be saying that there is DD at the same time the trades show profit? or are you saying after a trade closes, when the next trade opens it goes into DD for a while and THEN comes back to profit and close? I'm not clear what you guys are saying.
Too close for pips, switching to points.
  • #147
  • May 11, 2012 8:41am May 11, 2012 8:41am
as of right now, I show 15-20 pip gap on EUGU pairs, so I have a trade open right now...gap should close before market closes, but if it doesn't I personally will keep trade open, because correlation will eventually always come back- that is the key to this strategy...if your EA isn't opening only two pairs, opposite trades at a time, something sounds wrong!
Too close for pips, switching to points.
  • #148
  • May 11, 2012 8:46am May 11, 2012 8:46am
Quoting Thepipster
as of right now, I show 15-20 pip gap on EUGU pairs, so I have a trade open right now...gap should close before market closes, but if it doesn't I personally will keep trade open, because correlation will eventually always come back- that is the key to this strategy...if your EA isn't opening only two pairs, opposite trades at a time, something sounds wrong!
Well, the trades have gone into DD every day so far - but when the gap closes at around the end of the day the EA takes profits and DD's become 0 again. EA is trading the same way its been since inception - Its just the Friday question... I wouldnt have worried about it at all if not for that... It is on demo so I'll just leave it - even if it means over the weekend to see what happens, but it'll probably take profits by the end of the day... Will see..
  • #149
  • May 11, 2012 8:53am May 11, 2012 8:53am
if trades close in profits a few hours before market close, I would turn EA off for the week, then start it Sunday again...If trades keep open, and especially if gap is widening more, keep it open...gap is widening now...
Too close for pips, switching to points.
  • #150
  • May 11, 2012 8:56am May 11, 2012 8:56am
Quoting Thepipster
if trades close in profits a few hours before market close, I would turn EA off for the week, then start it Sunday again...If trades keep open, and especially if gap is widening more, keep it open...gap is widening now...
Thanks Pipster - appreciate your info mate! I will do as you say..
  • #151
  • May 11, 2012 8:57am May 11, 2012 8:57am
It seems like the drawdown increases after it closes profitable trades. Need to do more study on exactly the string of events.

Outside of any changes to the EA itself, one method for the EA I'm thinking to reduce drawdown is to simply close all trades after X amount of time. Then, wait to visually see correlation on the overlays before turning it on again. This would make it more manual, but also limit it's "wild west" approach to opening trades when correlation delta's may or may not be in play. Just a thought..

Quoting Thepipster
if youre trading demo, keep trades open, for sure...this is correlation, you are betting the gap will close again. If it's live account, then do what you want, just know that I trade correlation with no SL at all! that means no losses!

Now, you and dirtybrown seem to be saying that there is DD at the same time the trades show profit? or are you saying after a trade closes, when the next trade opens it goes into DD for a while and THEN comes back to profit and close? I'm not clear what you guys are saying.
Skype: heliosphan187
  • #152
  • May 11, 2012 9:12am May 11, 2012 9:12am
Not to diverge from this thread, which is probably just for this EA, but a programmer on the baby pips thread just posted a semi-manual EA, which you decide when to enter the trade, and then it has your pre-programmed criteria for closing the trade at your TP level as a percentage of profit of your account size...it opens both trades, opposite, with one action...I haven't personally tried it yet.
Too close for pips, switching to points.
  • #153
  • May 11, 2012 9:40am May 11, 2012 9:40am
Quoting Thepipster
Not to diverge from this thread, which is probably just for this EA, but a programmer on the baby pips thread just posted a semi-manual EA, which you decide when to enter the trade, and then it has your pre-programmed criteria for closing the trade at your TP level as a percentage of profit of your account size...it opens both trades, opposite, with one action...I haven't personally tried it yet.
Well, I wont mind giving that a shot if you mont mind sharing your strategy then Pipster? Becuase I would honesltly have no idea on where and when to enter at this stage...
  • #154
  • May 11, 2012 9:52am May 11, 2012 9:52am
to trade my manual strategy, I highly recommend you read the baby pips thread, stat arb pairs trading strategy by kelton, it's very simple.
Too close for pips, switching to points.
  • #155
  • Edited 11:51am May 11, 2012 11:12am | Edited 11:51am
Here are some results using the EA on a leading VPS. Equity curve is smoother, and drawdown currently is about $24 more than booked profit.

For anyone not as familiar with EA's, execution of any strategy based on a short TF will be extremely dependent on your infrastructure. More so network latency above all else. MT and the EA use very little hardware resources, but the latency can deeply effect your exit point. I can get a 17 milisecond ping time to fxcm. So with this sort of strategy eeking out a few partial pips here and there can add up to a whole lot by week's end.

PM if you want to know who I use. They used to publish a broker ping list from their servers. NY, Cali and London locations so you can move it around at will depending on broker location. NOTE: the results I posted prior were not from a vps but my PC. Due to a power outage those results should not be used for final judgement.
Attached File(s)
File Type: pdf DetailedStatement (4).pdf   333 KB | 707 downloads
Skype: heliosphan187
  • #156
  • May 11, 2012 12:06pm May 11, 2012 12:06pm
Ok, market will soon be closed, it is hard to expect some outrageous movement. How will EA react, remains to be seen. For now, I think it will end up in a loss. It booked 207 pips, and floating negative is -424 pips. I'm experiencing some difficulties with my internet connection, so EA couldn't work properly ( I hope that was the reason for negative pips ). I think I will have it up and running by the next week and give this EA one more chance.
  • #157
  • May 11, 2012 12:27pm May 11, 2012 12:27pm
Yeah any downtime is pretty much death for this EA. So it is becoming obvious anyone wanting to truly test the EA pay the money and use a VPS. On top of lower latency, you get nearly 100% uptime.

Quoting marijan993
Ok, market will soon be closed, it is hard to expect some outrageous movement. How will EA react, remains to be seen. For now, I think it will end up in a loss. It booked 207 pips, and floating negative is -424 pips. I'm experiencing some difficulties with my internet connection, so EA couldn't work properly ( I hope that was the reason for negative pips ). I think I will have it up and running by the next week and give this EA one more chance.
Skype: heliosphan187
  • #158
  • May 11, 2012 12:38pm May 11, 2012 12:38pm
Attached Image (click to enlarge)
Click to Enlarge Name: EGU.jpg Size: 89 KB


This is a hedge spread generated by 7 bit's python to R interface. Wondering if the EA is turned on only after 2 standard deviation change in the spread.. then at some point in the future letting it manage open trades but not open new ones. You can see in this basket some consolidation times at certain deviation levels. If these areas can be avoided that may be a huge part of making this "smarter" about when to trade.

Granted, the Arbomat system is giving specific hedge ratio's based on current conditions. But in my experience, you can glean a lot of the price movement of all 3 by looking at a spread chart like this. To see more research go here -> http://www.forexfactory.com/showthread.php?t=262827
Skype: heliosphan187
  • #159
  • May 11, 2012 1:05pm May 11, 2012 1:05pm
Quoting Icemaan
You need two Instances of Metatrader from the same Broker
Look like this
How I do I run 2 instances of Meta trader from the same broker...please.
  • #160
  • May 11, 2012 1:11pm May 11, 2012 1:11pm
are you saying, dirty brown, that the EA is opening more than the two pair trade at one time? Isn't it supposed to wait until spread widens another 10 or if you changed it, 15 pips? I also thought there is a max open trades command that you could change to smaller amount? I have heard of other EA's entering based on SD, but not sure if that is same as my visual pips, looking at naked superimposed charts with Vitrite

pogibaby, yes, two instances from same broker...if you use two different brokers, the difference in their spreads will mess up the charts...if you have difficulty launching two instances of mt4, just copy mt4 folder to another folder with different name, it should let you launch two instances, then.
Too close for pips, switching to points.
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