D1 - 20 EMA & 50 EMA

None of the other EAs posted in this thread were done by my coder and I have never used them before. All settings are programmed in except for lot size, stop loss, take profit, max positions, delay in hours between new positions, and then trailing stop losses which I don't use anyways.

The "Activate EA" variable allows one to disable / enable the EA for each particular pair at any given time. True = ON and False = Off

I dont' know much about Expert Advisors and I do not know how to program them so this will not be changed. The only things I may change are SL & TP parameters as well as delay in hours if I see fit. I will also turn off the EA at times in order to eliminate unnecessary losses.

Happy trading!

i think daily ATR is a great idea.
2xATR(13) @ Daily Timeframe for SL
3xATR(13) @ Daily Timeframe for TP

If applied at this exact moment in time for EUR/JPY it would be:
238 SL
357 TP


This should apply to all pairs of course. What are your thoughts 100pips+others?

Can someone help me with the EA?

Which files do I save in the EA section, and which ones are indicators?

Those numbers are fairly close to what I currently have set for EUR/JPY which is 225 SL and 450 TP. Like I said, feel free to change up your SL and TP parameters according to your comfort level.

However, I think I'm going to stick with my most recent parameters as all pairs now have a 1:2 risk/reward ratio which I'm trying to keep to maximize profits. This coupled with the fact that I will be disabling the EA every once in a while and using PASR should help to eliminate losses towards the tops and bottoms of each pair's trading range.

**I'm going to leave the 12 hour delay test alone completely but will intervene with the 6 hour delay ($100k) account and will see which one does better in terms of % after 6 months. My goal is 10% per month minimum...

Would you mind running these numbers for all listed pairs if you have time and posting them for everybody to view? I would also like to compare current SL & TP parameters to your method. If you don't have the time I understand, but it would be appreciated...

Better got to MetaTrader School

FOR EDUCATIONAL PURPOSE ONLY

Just wondering... are you planning to post your EA somewhere in the future?

Also I saw your other thread on third screen strategy, does your SL/TP for each pair at this post apply to that strategy too? or that thread will always have 160/280 for JPY and 260/320 for other pairs

Also, I thought 89 EMA and 200 EMA is more common than 20 and 50 EMA....

Thank you for this upgrade. I am very excited to start trying it. I liked the old one so I know this will be good. Did you add a comment when it places a trade? And I am wonder what the two arrows under EA Enabled message is for. One points in the direction of the trend? and the other? And does the color mean anything?

Thanks again....

Great idea, but which indicator gave you ADR of 119 ? I think ATR and ADR are calculate the same for DAILY, right?

And why to use 13 days ?

I have 2 that I use, first is set for the standard 14 and tells me 148, the other I can set for 13 (normally set on 5) which tells me 153

The other time frames show Weekly = 135, Monthly = 184 and 180 Days = 152

Now, I know about different brokers times / sessions / etc. and all that but still 119 seems to low to me.

Refer to picture, thanks

It put comment in, mine is off to great start

Can see why need an EA sometimes, I would never enter this GBP-NZD trade so quickly as W%R goes down on 1H chart

Sure the arrows mean something, not sure what yet, if you hover mouse over, they will show a price

The D1 20 EMA & 50 EMA EA is posted on the first post as well as a few posts above yours.

Here are current recommended Stop Loss and Take Profit parameters for this system: http://www.forexfactory.com/showthre...01#post6675401

Do not compare anything to the Third Screen Strategy thread as this is not the same strategy, it may be similar in some ways, but is NOT the same.

I chose the 20 and 50 EMA for various reasons, if you would like to test other EMAs feel free to do that on your own but I'm sticking with the 20 and 50.

I don't know what the other EAs were like as I have never tried them... They were coded and brought to this thread by a different member, you may have to ask him.

As for the two arrows:

The top arrow represents the Daily trend: Red arrow pointing down means price is below both the 20 EMA and the 50 EMA.

The bottom arrow represents the H1 Williams %. When it turns green in the same direction as the green arrow pointing up then price is in BUY territory. When top arrow is red and pointing down then bottom arrow will turn red when price is over bought on the H1 time frame giving the go ahead for a sell signal.

If Yellow then that means that criteria is not being met for new trade entries. If you pull up the AUD/JPY Daily chart you will notice the EA is giving a Yellow X, this is because price is trapped between the 20 EMA and the 50 EMA on the D1 chart so it won't look to trade anything until price breaks out of that zone.

Just watch the EA and how it behaves in different situations and the colors and symbols will become clear.

Hope this helps!

Hope you are enjoying the Expert Advisor Erebus!

If you ever have any questions feel free to post and I'll do my best to answer them, however, the system should be pretty self explanatory by now and with a little intervention every now and again we may have another profitable system to trade.

It took a while but I was able toprogram the EA for Zorro, a totally different format which allows formore complete testing. I recommend this site to everyone:http://www.zorro-trader.com/index.php And it's free!

Let me explain a little aboutback-testing so this makes sense. You can test a strategy in Mt4, butwhat does it really tell you? The data might not be accurate. Worse,it could be curve-fitted or over optimized so it works perfectly inhindsight but in a dynamic market in real time crashes and burns.Well you should still optimize to find best settings, but what is theproblem? Well, you just optimized for best results and then ran atest using those results. A dynamic market doesn't work that way. Walk forward optimization is an important part or the rest isworthless.


To quote from Zorro:


The answer is Walk-Forward Optimization (WFO).Contrary to its name, it's not merely an optimization. It's ananalysis method that tests the strategy together with its parameterranges and optimization method. If a strategy fails in a walk forwardanalysis, it will also fail in real trading, even if it collectedhuge profits in backtests. For this reason, walk forward optimizationis the most important process when developing a strategy

NumWFOCycles = 8;

This activates WFO with a data frame that is shifted in 8cycles over the simulation period. The frame consists of a trainingperiod and a subsequent test, as in the figure below:

(edit--I could not copy the PIC here but it is in workshop 5 here: http://www.zorro-trader.com/manual/))

The training period generates the parameters that are then tested in the subsequent test period. This ensures that every test uses"unseen" price data that were not used for optimizing itsparameters - just as in real trading. The data frame is then shiftedover the simulation period for verifiying how the strategy would farewhen started at different times.

This can be done in Mt4 but it is verytime consuming. With Zorro I was able to back test, optimize and do awalk forward analysis of 6 pairs using years worth of data.

If I simply optimized I could show morefavorable results but for a strategy to be more robust it should survive a walk forward optimization as well. Sadly this one did not:


Walk-Forward Test D1H1 portfolio -performance report




Simulation period 31.01.2008-22.04.2013

Test period 04.06.2010-22.04.2013

WFO test cycles 7 x 2562 bars (22weeks)

Training cycles 8 x 14518 bars (125weeks)

Lookback time 500 bars (4 weeks)




Gross win/loss 204579$ / -228044$(-108920p)

Average profit -8140$/year,-678$/month, -31$/day

Max drawdown -45754$ -195% (MAE-46234$ -197%)

Total down time 97% (TAE 99%)

Max down time 80 weeks from Nov2010

Largest margin 1436$

Trade volume 32535133$(11285781$/year)

Transaction costs -9694$ spr, -314$slp, -280$ rol

Capital required 48109$




Number of trades 22333 (7746/year)

Percent winning 42%

Max win/loss 300$ / -305$

Avg trade profit -1.05$ -4.9p (+22$/ -18$)

Avg trade bars 82 (+86 / -80)

Max trade bars 790 (6 weeks)

Time in market 10331%

Max open trades 296

Max loss streak 190 (uncorrelated19)




Annual return -17%

Profit factor 0.90 (PRR 0.88)

Sharpe ratio -0.38

Kelly criterion -0.84

OptimalF .019

Ulcer index 174%

Prediction error 7%




Portfolio analysis OptF ProF Win/Loss Cycles




AUD/USD avg .032 0.71 897/1747 XXXXX.

EUR/USD avg .008 1.07 1333/1585 XXX/X

GBP/USD avg .064 1.06 1257/1347 X\/X.

NZD/USD avg .001 0.88 1008/1471 XXXXX.

USD/CAD avg .000 0.76 1209/1385 \\/X.

USD/CHF avg .005 1.02 1818/2632 X\X/.

USD/JPY avg .032 0.85 1960/2684 XXX/




AUD/USD:L .032 1.23 690/891 ////.

AUD/USD:S .000 0.30 207/856 \\/.

EUR/USD:L .009 1.07 734/802 //\/

EUR/USD:S .007 1.07 599/783 \///

GBP/USD:L .064 1.36 855/819 /\//.

GBP/USD:S .000 0.57 402/528 \/\.

NZD/USD:L .001 1.09 674/824 ////.

NZD/USD:S .000 0.68 334/647 /\\.

USD/CAD:L .000 0.65 477/642 \\//.

USD/CAD:S .000 0.88 732/743 \\/.

USD/CHF:L .006 1.03 606/1108 \.//.

USD/CHF:S .004 1.02 1212/1524 /\\/.

USD/JPY:L .000 0.50 682/1184 \\\/

USD/JPY:S .032 1.16 1278/1500 ///.


Feel free to use or ignore this information as you see fit.

Ok, i have applied the D1H1 EXTRA B EA, it is working yet, the other one "third screen EA" is applied on a EU chart, but it didn't open any position at the moment.
I want to say thank you to 100PIPS and each oter member who have contribuited to analize that strategie and created the EA too. I will try to give some contribute testing the EA with different settings.

I have done the first test using the "20ema50ema" EA. So i have noticed the EA opening at the same time long and short position, when the trend change. But in the first page with rules of this strategie, i saw, we can't have long and short trades at the same time. Does it mean that when it start a new trend, we have to close manually the previous opened positions? Thank you in advance for answers.

Please, which EA, posted by whom?

Which pair are these trades on? Price?

Any chance of a chart? What trend changed?

Regards, E.

For anyone interested, I have also set up 100Pips EA here for test;

http://www.myfxbook.com/members/rtn0...-screen/571041

Ignore the first few trades.

Hello 100pips,
Excellent thread and nice presentation. Thanks for all your hard work, generosity and willing to share the ideas. Although I am not a big fan of EA but do think that EAs provide some feedback on what you can expect in future by back testing. This statement might not be 100% true but anyway you get an immediate assessment on your strategy. You also showed us the back test results with EA and you can compare these with ongoing forward test results as well. I did some back testing with your EA and wanted to clarify one important point which I observed while back testing. I will try to present my point with a small example.

Assume I have defined maximum number of trades to open as 6. EA starts opening the positions as per the delay defined in the EA.
Now assume that it has already opened 4 trades and two trades reach their target levels so we are left with 2 open positions. Now what the EA is doing is that it resets its counter to 2 open positions and continue opening with 4 more positions unless some trades are closed. This sequence continues till all six trades are not closed. Is this is the way it is supposed to do? Appreciate your response.

As said this system is not fully automatic..it becomes manual system after the full positions are done (8/8).

Then as said weekly levels are much of importance. It is players role how to play that out. Trailing, widening the TP or slowly letting them go out naturally -original tp and sl.

As seen in simulations - there is a lot of optimizing to be done when tp or sl are coming into play. Yes, when the system closes the trade on sl or tp, almost immediately opens another one, that is definitely a weakness. That is why it is of much importance to have a bigger picture and decision on your hand.
________________________________________________________________________________________________________

Exactly! This is the biggest reason for me deciding to step in and disable the EA after we get 6-8 open positions. I think it's a better idea to wait for positions to close and then reassess each pair individually and wait for further trending or potential trend reversal.

*Even if we get 8 positions that hit TP target only twice a year per pair that is still roughly 6,000+ pips per pair per year!