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3% Risk Gives You Bliss System

  • #61
  • Edited 12:57am Oct 26, 2012 12:28am | Edited 12:57am
Quoting xlitang
EA is a big loser using Strategy tester.
Ok. Did you check if it opens the trades according to the rules ? As in visual backtest with the system template loaded to make sure it only trades as it should ?

For ex. I can now think of the eventuality in which xpma changes colors so fast a trade in the wrong direction is allowed. Attaching fix below. Still somebody please check it trades by the rules.

PS: I hope you tested it on M15 as the rules say, otherwise I imagine a bigger TP would be appropriate.

EDIT: Also it looks like it could have opened more than one order at a time- that tends to be really bad- opening a million orders at once. Fixed.
Attached File(s)
File Type: ex4 Bliss EA v0.2.ex4   18 KB | 420 downloads
  • #62
  • Oct 26, 2012 1:44am Oct 26, 2012 1:44am
Hi cubbybgood

if you make from 20 K to 38 K that return is 90 % on your account, not just 49 %, 49 % from 20000 is 9800 $, so is your account 29800 $ or 38000 $, My understanding of return is 100 % is when you double your account.

Correct me if i'm wrong

Thanks and i like this system.



Quoting Cubbybgood
Hi everyone,

I'm back! This will be my last thread on FF.

I've recently stumbled across the creation of this system. I want to share this because I think my system could help many traders. It's really easy to trade with. You can modify it to your needs but not to much. I'm having success with this system. I feel that it doesn't make any sense to mess with something that's working. I only take the best trades. That means maybe some days I don't even take trade at all! Dont' be irresponsible! Take only good trades!


Forex Factory Bio....
  • #63
  • Oct 26, 2012 2:03am Oct 26, 2012 2:03am
Quoting SpacyTrader
Ok. Did you check if it opens the trades according to the rules ? As in visual backtest with the system template loaded to make sure it only trades as it should ?

For ex. I can now think of the eventuality in which xpma changes colors so fast a trade in the wrong direction is allowed. Attaching fix below. Still somebody please check it trades by the rules.

PS: I hope you tested it on M15 as the rules say, otherwise I imagine a bigger TP would be appropriate.

EDIT: Also it looks like it could have opened more than one order at a time- that...
Sorry to say this. Please dont rush to give the EA. Take your own time.
Once you are done with the EA, please follow the steps below.

1. Open the chart.
2. Load the EA.
3. Open strategy tester.
4. Give date range of last 1 month.
5. Check the visual mode.
6. Start testing.
7. Once the testing is done, you will have a chart with the trades opened which will be indicated with green and red arrows.
8. Open another chart with same time frame. Load the template in that chart. Now compare both charts whether the trades opened are sync with the entry criteria mentioned.
9. Even 1 trade doesn't match then something is wrong with your code.
10. Go back and review the code and follow the same steps again.

These are basic testing techniques for the EA development.
No one have asked for the EA. You are willing to contribute something. Please do it professionally.
Software development is a professional job. Do it like that.
I know that you are new to both software development and EA development.
Please don’t take this as a criticism. Take this as advice.
Its not how good your logic is. Its all about how good your output is.
Logic is important but the quality is much more important.

Thanks
Ananth
  • #64
  • Oct 26, 2012 2:11am Oct 26, 2012 2:11am
I never like the idea of EA, because It always ruin the threads, can you just keep it simple and do the work, watch the charts and learn the method and how the currencies are breathing, you need experience from screen time to learn read the charts don't rely on EA.

Please don't ruin the thread with EA's
  • #65
  • Oct 26, 2012 2:34am Oct 26, 2012 2:34am
Quoting TheDivine
I never like the idea of EA, because It always ruin the threads, can you just keep it simple and do the work, watch the charts and learn the method and how the currencies are breathing, you need experience from screen time to learn read the charts don't rely on EA.

Please don't ruin the thread with EA's
I beg to differ.
Creating an EA for any trading method is simply the scientific approach to the problem. The EA is the easiest (and cheapest) way of proving or disproving the edge of the system. It could also highlight critical problems, which are not mentioned or even know by its author. Imagine that the author trades exactly per his rules, but on a specific session. He doesn't even think of that, as it is his normal daily routine, but it turns out the system only works for that specific session. On top of that, EAs provide the most reliable and efficient way to trade a system, simply because nobody could possibly monitor the markets 24/7.

The above doesn't refer directly to the system discussed in this thread but to a trading method in general. Also the examples given are not directed at this system or its author. Sorry about the offtopic but I felt some clarifications on EAs were in order.

Quoting Cubbybgood
Here is a another trade I took yesterday on GBPJPY. Was good for 117 profit pips!
Cubbybgood, I have a question about the GBP/JPY trade. By the time MACD crosses the zero level, the price had already made a low and failed to break it in the next few candles. Have you considered to move the stop-loss for the position just under that low and let it run for more?
  • #66
  • Oct 26, 2012 3:01am Oct 26, 2012 3:01am
Quoting TheDivine
I never like the idea of EA, because It always ruin the threads, [...]
Let me tell you this: A strategy coded into an EA is the strongest approach you can ever make to trade the markets.

I know why you are concerned: in most cases, the backtest reveals that the strategy does not work. Then comes the hard part. You have to find out why it does not work. And then you have to fix this, e.g. add a filter to avoid losing trades. This takes a lot of time. However, when you succeed, you have a proven strategy which you can trade with confidence.

Trading is hard. This is a truth which most people do not accept. The EA shows you that it is hard. In order to be successful, you have to accept that trading is hard and that you have to get through it.

The worst thing you can do is fool yourself by saying "trading is easy" and place trades according to some strategy which is not proven. Do your homework first!
  • #67
  • Oct 26, 2012 3:03am Oct 26, 2012 3:03am
Bro I understand that, but I personally do not prefer the EA's and you are right for execution of rules EA is best and flawless, due to fact it's not human to think twice before execution, but my experience is with system's that they are discretionary, specific sessions, specific pair to trade, different profit taking etc.
My personal opinion is that if you adjust system to your own way and make analysis and adjustment can perform better than being programmed.
That's how I think, i'm not pushing that to others, just making statement.

I get the point, my observation is for the threads, if the EA show that the edge is not that good as the author said, people start bullshitting and don't try to learn and suit that system to their needs and way of trading.
  • #68
  • Oct 26, 2012 3:09am Oct 26, 2012 3:09am
I find manually, by taking trades and find what are the disadvantages, and try making adjustments, also problem is that i don't know to code EA's, if you guys have any tutorials to point, maybe I can get my hands on.

Thanks,


Quoting TraderJF
Let me tell you this: A strategy coded into an EA is the strongest approach you can ever make to trade the markets.

I know why you are concerned: in most cases, the backtest reveals that the strategy does not work. Then comes the hard part. You have to find out why it does not work. And then you have to fix this, e.g. add a filter to avoid losing trades. This takes a lot of time. However, when you succeed, you have a proven strategy which you can trade with confidence.

Trading is hard. This is a truth which most people do not accept. The EA...
  • #69
  • Oct 26, 2012 3:15am Oct 26, 2012 3:15am
And I thought making this EA was gonna be easy... Those xpma and HA indis are horrible.

Anyway managed to fix everything and tested it too since nobody else reported back. here's what I hope is the final version.

Mind you- I only tested for functionality. I didnt do a lenghty backtest and see profit. Perhaps somebody else can do that for a change and post the results ?
Attached File(s)
File Type: ex4 Bliss EA v0.3.ex4   21 KB | 418 downloads
  • #70
  • Oct 26, 2012 3:27am Oct 26, 2012 3:27am
Quoting TheDivine
I find manually, by taking trades and find what are the disadvantages, and try making adjustments,
I don't want to annoy you, but I never heard of a trader who became successful by doing this. All successful traders I heard of had specific strategies they developed by their own research before they started to trade.

Quoting TheDivine
also problem is that i don't know to code EA's, if you guys have any tutorials to point, maybe I can get my hands on.
Try a google search for "MQL tutorial" or "Metatrader tutorial".
Good luck!
  • #71
  • Oct 26, 2012 3:41am Oct 26, 2012 3:41am
Quoting SpacyTrader
And I thought making this EA was gonna be easy... Those xpma and HA indis are horrible.

Anyway managed to fix everything and tested it too since nobody else reported back. here's what I hope is the final version.

Mind you- I only tested for functionality. I didnt do a lenghty backtest and see profit. Perhaps somebody else can do that for a change and post the results ?
I try it..
With demo account balance $3000
I dont change any setting..
I Loss $1000 in 30 minutes.. well....
  • #72
  • Oct 26, 2012 3:52am Oct 26, 2012 3:52am
Cubbybgood, please look at my picture. I got the SL.
What I did wrong? Have I entry on the rules of the trading system?
Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_sl.gif Size: 30 KB
  • #73
  • Oct 26, 2012 5:56am Oct 26, 2012 5:56am
Quoting fxairy
Cubbybgood, please look at my picture. I got the SL.
What I did wrong? Have I entry on the rules of the trading system?
Thanks!
Yes, you entered this trade correctly. If I would have taken this trade I would have lost about 16 pips.

Don't let this get you down. Losses happen. I have not tested this system on a 5 digit broker. If this is what you're using I'm not sure about results...
  • #74
  • Oct 26, 2012 5:57am Oct 26, 2012 5:57am
Quoting Jesseryn
I try it..
With demo account balance $3000
I dont change any setting..
I Loss $1000 in 30 minutes.. well....

This is with using the EA?
  • #75
  • Oct 26, 2012 6:01am Oct 26, 2012 6:01am
Quoting Cubbybgood
My new live trade 5.66 lots in on audusd! Just went in now!

I'm up 15 pips on this trade currently.
Attached Image (click to enlarge)
Click to Enlarge Name: pic2.gif Size: 27 KB
  • #76
  • Oct 26, 2012 6:10am Oct 26, 2012 6:10am
49% profit on account. 20k has grown to to just under 38k this month. (I had some fees on my account.)


Sorry guys this is a major typo. My personal account is up 28k not 38k
  • #77
  • Oct 26, 2012 6:13am Oct 26, 2012 6:13am
Quoting Cubbybgood
Yes, you entered this trade correctly. If I would have taken this trade I would have lost about 16 pips.

Don't let this get you down. Losses happen. I have not tested this system on a 5 digit broker. If this is what you're using I'm not sure about results...
Thanks!
I use 4 digit broker.
  • #78
  • Oct 26, 2012 6:17am Oct 26, 2012 6:17am
waiting for the results
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpg.gif Size: 27 KB
  • #79
  • Oct 26, 2012 6:20am Oct 26, 2012 6:20am
Quoting fxairy
waiting for the results

Can you tell the thread what pair this is? Some people testing could enter late on this trade.
  • #80
  • Oct 26, 2012 6:30am Oct 26, 2012 6:30am
Cubbybgood what happen to your other system do they still work ?

Best regards
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