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Attachments: 3% Risk Gives You Bliss System
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3% Risk Gives You Bliss System

  • #101
  • Oct 26, 2012 2:21pm Oct 26, 2012 2:21pm
Got an entry for today. Eurusd. I was late 3 pips on entry.

Lets see what happens with it next week. Have a good weekend guys!
Attached Image (click to enlarge)
Click to Enlarge Name: pic3.gif Size: 26 KB
  • #102
  • Oct 26, 2012 2:23pm Oct 26, 2012 2:23pm
Cubbybgood http://www.forexfactory.com/images/buttons/viewpost.gif Did not specify as entry condition that MACD be aligned too which leads to lots of orders being opened and closed immediately by the MACD exit condition.

Update attached that ensured MACD points up for a buy and down for a sell.

EDIT: So far the backtest looks much better. Before it kept going below and above breakeven without making any progress.
Attached File(s)
File Type: ex4 Bliss EA v0.4.ex4   21 KB | 369 downloads
  • #103
  • Oct 26, 2012 2:28pm Oct 26, 2012 2:28pm
Quoting SpacyTrader
Cubbybgood http://www.forexfactory.com/images/buttons/viewpost.gif Did not specify as entry condition that MACD be aligned too which leads to lots of orders being opened and closed immediately by the MACD exit condition.

Update attached that ensured MACD points up for a buy and down for a sell.

EDIT: So far the backtest looks much better. Before it kept going below and above breakeven without making any progress.
wow.. new update already...
Ok i try this one in monday..
I Hope it working well..
  • #104
  • Oct 26, 2012 2:35pm Oct 26, 2012 2:35pm
Quoting SpacyTrader
Cubbybgood http://www.forexfactory.com/images/buttons/viewpost.gif Did not specify as entry condition that MACD be aligned too which leads to lots of orders being opened and closed immediately by the MACD exit condition.

Update attached that ensured MACD points up for a buy and down for a sell.

EDIT: So far the backtest looks much better. Before it kept going below and above breakeven without making any progress.
I can't get the EA to backtest on any of my brokers after Jan 2012. Always says "no data"
I downloaded the data from the history center. Still not working. Am I missing somthing here?

By the way thanks for your EA work.
  • #105
  • Oct 26, 2012 2:40pm Oct 26, 2012 2:40pm
why EA has Buy stop and Sell stop orders? It is not part of the system
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  • #106
  • Oct 26, 2012 2:43pm Oct 26, 2012 2:43pm
Quoting Cubbybgood
I can't get the EA to backtest on any of my brokers after Jan 2012. Always says "no data"
I downloaded the data from the history center. Still not working. Am I missing somthing here?

By the way thanks for your EA work.
You welcome. I had the same problem with backtesting. No clue why. I ended up backtesting on a platform on which I saved the tick data fromthe begining of the year until now.

Btw are you sure 20 pip SL is that appropriate ? In february theres a big string of SL hits that wipes out almost all profit in 9 days and then recovers it in a week, but whats the point in getting profit only to give it all back again and again ?

I'll see how the BT ends and post it here. But I think the backtest uses the current spread and I'm using oanda and their weekend spread should kick in soon.

So far it's still making money in BT but with huge volatility. Got to the end of february 2012
  • #107
  • Oct 26, 2012 2:46pm Oct 26, 2012 2:46pm
Quoting xlitang
why EA has Buy stop and Sell stop orders? It is not part of the system
I explained that already. The rules say to only take the first trade after xpma changes color. As soon as xpma changes color it opens a buystop or sellstop order. Then once HA changes color it checks for the stop order and if it exists opens a market order and deletes the stop order so that any future HA signal is not taken.

The stop orders are 2000 pips away to make sure they dont get executed and as I said as soon as an order is opened theyre immediately deleted.
  • #108
  • Oct 26, 2012 2:49pm Oct 26, 2012 2:49pm
Quoting jgadefelth
Why do you think this system will work long time ? you only used it a mounth ?

And also is not 3 percent risk per trade quit risky 10 bad trades and 1/3 of the account is gone.

Also it might be in a trendy good market you have tryed it so it not works so well in sideways market. I dont try to be critic just try to be safe.

Best regards
I'm no critic either, but I do know that 1/3 of $10,000 = $3,333.33, agree?

Therefore, after 10 losing trades, by your math, the account balance would be $6,666.67, agree?

Now, this was not clear in post #1, but when people say risk 3% they generally mean 3% of the current account balance, not what the account used to be.

So, the difference between using FIXED amount or VARIABLE ?

Let's see if math can be done in our head, 3% of $10,000 = $300, agree?

10 trades as suggested by you = loss of $3,000 at fixed risk amount.

Therefore account balance is $7,000 which is more than your predicted $6,666.67

So, not your statement of "1/3 of the account is gone" is NOT true!

And using 3% of account balance leaves $7,374,24 in the account, not quite so bad as you say.

How is your money management plan working for you? Care to share with us?

Thanks for reading, and understanding

Attached Image (click to enlarge)
Click to Enlarge Name: 10 loss.png Size: 239 KB
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  • #109
  • Oct 26, 2012 2:52pm Oct 26, 2012 2:52pm
Quoting Erebus
I'm no critic either, but I do know that 1/3 of $10,000 = $3,333.33, agree?

Therefore, after 10 losing trades, by your math, the account balance would be $6,666.67, agree?

Now, this was not clear in post #1, but when people say risk 3% they generally mean 3% of the current account balance, not what the account used to be.

So, the difference between using FIXED amount or VARIABLE ?

Let's see if math can be done in our head, 3% of $10,000 = $300, agree?

10 trades as suggested by you = loss of $3,000 at fixed risk amount.

Therefore...

Ok with your calculation it is then down more then 25 percent and also morethen 1/ 4 of the account.



Best regards
  • #110
  • Oct 26, 2012 2:53pm Oct 26, 2012 2:53pm
Quoting SpacyTrader
You welcome. I had the same problem with backtesting. No clue why. I ended up backtesting on a platform on which I saved the tick data fromthe begining of the year until now.

Btw are you sure 20 pip SL is that appropriate ? In february theres a big string of SL hits that wipes out almost all profit in 9 days and then recovers it in a week, but whats the point in getting profit only to give it all back again and again ?

I'll see how the BT ends and post it here. But I think the backtest uses the current spread and I'm using oanda and their...

Hmm. I was wondering about theose small losses in back test. No the stop loss rules are on the first page. There is no hard SL. I base SL off of the macd indicator. I'll give you an example...

example picture...

Red vertical line is our entry. Black vertical is our exit for profit. Exit trade for proift or for loss when macd crosses 0 like it did in this picture.
Attached Image (click to enlarge)
Click to Enlarge Name: pic4.gif Size: 23 KB
  • #111
  • Oct 26, 2012 2:59pm Oct 26, 2012 2:59pm
Quoting Cubbybgood
Hmm. I was wondering about theose small losses in back test. No the stop loss rules are on the first page. There is no hard SL. I base SL off of the macd indicator. I'll give you an example...

example picture...

Red vertical line is our entry. Black vertical is our exit for profit. Exit trade for proift or for loss when macd crosses 0 like it did in this picture.
I thought you said you used a hard SL of 20 pips. If not I'll redo the backtest without a SL.

Attaching EA with SL set at 0 and relying only on MACD to close the position. I had to change it to use a fixed lot size on 1 lot. Can be changed in settings. No way to use risk settings without SL.
Attached File(s)
File Type: ex4 Bliss EA v0.4.1.ex4   19 KB | 345 downloads
  • #112
  • Oct 26, 2012 3:01pm Oct 26, 2012 3:01pm
Quoting jgadefelth
Ok with your calculation it is then down more then 25 percent and also more then 1/ 4 of the account.
Best regards

Close enough but isn't 25% same as 1/4?

Is the glass half full or half empty?

It takes a lot for me to IGNORE you, but you can try.
  • #113
  • Oct 26, 2012 3:02pm Oct 26, 2012 3:02pm
Quoting SpacyTrader
I explained that already. The rules say to only take the first trade after xpma changes color. As soon as xpma changes color it opens a buystop or sellstop order. Then once HA changes color it checks for the stop order and if it exists opens a market order and deletes the stop order so that any future HA signal is not taken.

The stop orders are 2000 pips away to make sure they dont get executed and as I said as soon as an order is opened theyre immediately deleted.
I don't see the need of pending order in place.
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  • #114
  • Oct 26, 2012 3:03pm Oct 26, 2012 3:03pm
Quoting Erebus
Close enough but isn't 25% same as 1/4?

Is the glass half full or half empty?


it depends when you loose it is half empty when you win it is half full


Best regards
  • #115
  • Oct 26, 2012 3:04pm Oct 26, 2012 3:04pm
Quoting xlitang
I don't see the need of pending order in place.
I just explained the need. The EA needs it to make sure a second HA signal is not taken. If I remove the pending orders the EA will no longer work according to the rules. It'd take trades on all HA changes of color.
  • #116
  • Oct 26, 2012 3:11pm Oct 26, 2012 3:11pm
Quoting SpacyTrader
I just explained the need. The EA needs it to make sure a second HA signal is not taken. If I remove the pending orders the EA will no longer work according to the rules. It'd take trades on all HA changes of color.

Lets go ahead and give that a shot so the EA can stick to the rules. That's most important.

Taking every HA signal in the direction of the xpma could give ok results but the the last few HA signals of the trend could give us major losses. The point of the system was to try to get the trend early. It's probably difficult to make this happen in an EA I understand.
  • #117
  • Oct 26, 2012 3:15pm Oct 26, 2012 3:15pm
Quoting SpacyTrader
I just explained the need. The EA needs it to make sure a second HA signal is not taken. If I remove the pending orders the EA will no longer work according to the rules. It'd take trades on all HA changes of color.
Thanks. Got it.

Can you post your source code so that we can examine the logic as well?
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  • #118
  • Oct 26, 2012 3:16pm Oct 26, 2012 3:16pm
Quoting Cubbybgood
Lets go ahead and give that a shot so the EA can stick to the rules. That's most important.

Taking every HA signal in the direction of the xpma could give ok results but the the last few HA signals of the trend could give us major losses. The point of the system was to try to get the trend early. It's probably difficult to make this happen in an EA I understand.
The EA does that- it follows your rules to the letter: only takes the first signal. That's what I was explaining to xlitang: the pending orders are what insure only the first heiken ashi signal is taken. If I remove the pending orders which he thinks are not needed the EA would take every HA signal along the xpma trend.

Now 0.4.1 also doesnt have a SL as you said and relies on MACD for closing only. Here, attaching it again.

Backtesting now wont have much value. Spread at oanda already went to 5 pips.
Attached File(s)
File Type: ex4 Bliss EA v0.4.1.ex4   19 KB | 341 downloads
  • #119
  • Oct 26, 2012 3:18pm Oct 26, 2012 3:18pm
Quoting xlitang
Thanks. Got it.

Can you post your source code so that we can examine the logic as well?
Attaching source.
Attached File(s)
File Type: mq4 Bliss EA v0.4.1.mq4   14 KB | 533 downloads
  • #120
  • Oct 26, 2012 3:24pm Oct 26, 2012 3:24pm
Quoting SpacyTrader
Attaching source.
Can you implement a feature to limit trading hours?
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