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Simple MACD system based on 2 channels

  • #61
  • Jun 29, 2006 8:41pm Jun 29, 2006 8:41pm
Sept 05 to 30th June 06
9 months, showing over $8k with T/S 50, MACD Level 258, Wait time 2925. For 5min Euro only.

BTW; Would it be better if it didn't drop down to a tenth of a lot after it has a loss?<!-- / message --><!-- attachments -->
Attached File(s)
File Type: doc TS 50- level 258-wait 2925.doc   157 KB | 1,325 downloads
  • #62
  • Jul 1, 2006 10:41am Jul 1, 2006 10:41am
Investor Me,
I have loaded your newest v1.3 into the EA folder of MT4; but I'm not seeing anything on my M15 chart. It appears that the EA is on and on the chart, but no indicator.

JIM
  • #63
  • Jul 1, 2006 11:44am Jul 1, 2006 11:44am
It should be on the 5 minute chart.



Quoting jimyland
Investor Me,
I have loaded your newest v1.3 into the EA folder of MT4; but I'm not seeing anything on my M15 chart. It appears that the EA is on and on the chart, but no indicator.

JIM
  • #64
  • Edited 9:01am Jul 2, 2006 4:58am | Edited 9:01am
Quoting Yardie
It should be on the 5 minute chart.
try these settings on 5minute eurusd.
TrailingStop 95
MACD_level 535
tplimit 60
wait_time_b4_SL 2950

Initial deposit10000.00
Total net profit 18980.06
Maximal drawdown 3586.03 (12.15%)
Profit trades (% of total) 71 (44.10%)
Period5 Minutes (M5) 2004.06.28 - 2006.06.30

full report here:
http://www.forexfix.com/reports/MACD-EA-5min-euro.htm

version 1.3, tested on 24 month 1min data.

anyone got better setup and results?

update: trailingstop is higher than tp_limit, so it doesn't apply at all. actually I don't undestand tp_limit as largest profit trade is over $3k that wouldn't be possible with a take profit of 60. and the trailing stop is also applied in a bit strange way.

be advised, this result, over 24 month of testing is more average than good and I wouldn't trust backtesting of anything less that 1hour charts, anyway.
  • #65
  • Jul 3, 2006 9:54am Jul 3, 2006 9:54am
I've changed to the M5 chart and still don't see a thing. Does this file go in the EA folder or the indicator folder of MT4?

JIM
  • #66
  • Jul 3, 2006 9:56am Jul 3, 2006 9:56am
You put it in the experts advisor folder. It looks like it works best in trending markets. It open two trades last week one USDCHF and one EURUSD both of the combined were good for about 150 pips.



Quoting jimyland
I've changed to the M5 chart and still don't see a thing. Does this file go in the EA folder or the indicator folder of MT4?

JIM
  • #67
  • Jul 3, 2006 6:54pm Jul 3, 2006 6:54pm
Yardie,
First, thanks for the help. The attached image shows a screenshot with the EA indication in the upper right hand corner (normal); but nothing remotely like MACD indicators. Do I have a bad file? What version are you using?

JIM
Attached Image
  • #68
  • Jul 3, 2006 10:09pm Jul 3, 2006 10:09pm
The EA will work with or without the indicators. I dont have the indicators installed on mine and it traded just fine... just 2 trades in a little under a week though -- and both were made during that big movement after the FOMC announcement last week Thursday.

Quoting jimyland
Yardie,
First, thanks for the help. The attached image shows a screenshot with the EA indication in the upper right hand corner (normal); but nothing remotely like MACD indicators. Do I have a bad file? What version are you using?

JIM
  • #69
  • Jul 4, 2006 12:05pm Jul 4, 2006 12:05pm
Thanks Yardie. If anybody knows how to install/see the MACD indicators of this thread; I'd sure like to know. I just want to see the reason behind a trade. I'd also like to know if it is possible to limit the timeframe during day that it would look for a trade. THANKS

JIM
  • #70
  • Jul 5, 2006 7:24am Jul 5, 2006 7:24am
hi, i now took a look at the test, investor uploaded on the first post. But now i downloaded the ea and made the same strategy test by myself and did get a great difference to investors test.
Investor ends up with a profit of 24591.00 with following settings:
---
SymbolEURUSD (Euro vs US Dollar)
Period5 Minutes (M5) 2006.04.04 17:20 - 2006.06.26 13:20 (2006.04.07 - 2006.06.26)
ModelEvery tick (based on all available least timeframes with fractal interpolation of every tick)
ParametersLots=1; TrailingStop=55; MACD_level=500; MAGIC=123456; tp_limit=100; wait_time_b4_SL=10000;
---

I ended up with 8484.00 with the same settings.
Now my question is, what did i wrong in the backtest?
Here is the strategy tester report:
strategy tester report

Thanks in advance
-mike
I'm getting there ... slowly
  • #71
  • Jul 5, 2006 8:54am Jul 5, 2006 8:54am
Quoting miketoll
hi, i now took a look at the test, investor uploaded on the first post. But now i downloaded the ea and made the same strategy test by myself and did get a great difference to investors test.
Investor ends up with a profit of 24591.00 with following settings:
---
SymbolEURUSD (Euro vs US Dollar)
Period5 Minutes (M5) 2006.04.04 17:20 - 2006.06.26 13:20 (2006.04.07 - 2006.06.26)
ModelEvery tick (based on all available least timeframes with fractal interpolation of every tick)
ParametersLots=1; TrailingStop=55; MACD_level=500; MAGIC=123456; tp_limit=100; wait_time_b4_SL=10000;
---

I ended up with 8484.00 with the same settings.
Now my question is, what did i wrong in the backtest?
Here is the strategy tester report:
strategy tester report

Thanks in advance
-mike
in one word - modelling quality. it has to be at least 90% to be even worth to look at the results.
  • #72
  • Jul 5, 2006 11:20am Jul 5, 2006 11:20am
so what?
i dont understand....
what did i wrong?
- mike
I'm getting there ... slowly
  • #73
  • Jul 5, 2006 2:14pm Jul 5, 2006 2:14pm
Quoting miketoll
so what?
i dont understand....
what did i wrong?
- mike
please read some threads on MT backtesting.
  • #74
  • Aug 30, 2006 5:46pm Aug 30, 2006 5:46pm
Has this thread died??? Wondering how the magic parameter and the wait time b4 sl works.....
  • #75
  • Sep 6, 2006 7:24am Sep 6, 2006 7:24am
This system sounds pretty good and I would like to test it but I can not find what the settings for the MACD 1 and 2 are, could somebody please let me know what they are.
  • #76
  • Sep 6, 2006 9:24am Sep 6, 2006 9:24am
Hi all, I am new in this thread
Quoting jimyland
I have loaded your newest v1.3; but I'm not seeing anything.
JIM
To Jimyland,
The same to you, I loaded and I put it in MT\experts folder, but I do not see anything. Please tell me how I can see it in chart?
I have used MACD default, I think it is good indicator. In this thread, Investor say about MACD1 and MACD2. I really want to know what are they and how to use them?
Thanks!
A member from Viet Nam. Forex changes my life
  • #77
  • Sep 6, 2006 11:53pm Sep 6, 2006 11:53pm
I ran the latest version and compiled and was unale to get signals?

Any idea?

Doc
  • #78
  • Oct 8, 2006 9:16am Oct 8, 2006 9:16am
what is the setting on MACD? can we try with 14,26,9 ?
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  • #79
  • Oct 8, 2006 10:02am Oct 8, 2006 10:02am
Quoting kenari05
what is the setting on MACD? can we try with 14,26,9 ?
There is no specific optimized value. You can try those as well
  • #80
  • Oct 11, 2006 8:33pm Oct 11, 2006 8:33pm
any progress made on this EA? i have not tested yet...does it work on live account?
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