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Follow the BIG Candle

  • #181
  • Mar 19, 2014 6:51am Mar 19, 2014 6:51am
New Trade: EA opened a long position on USD/CAD. (are you crazy, who buys here ???).

In fact, if I was trading manually I might sell.

Anyway, this how the strategy is. So lets see how this will end.

Trade Chart Attached.:
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadm30_1.png Size: 33 KB
No guts, no glory
  • #182
  • Mar 19, 2014 7:02am Mar 19, 2014 7:02am
For USD/CAD chart above, remember that I've attached the EA to USD/CAD only today. If it was active yesterday, It would have opened at a better price (around 1.070).
No guts, no glory
  • #183
  • Edited 7:45am Mar 19, 2014 7:30am | Edited 7:45am
Trade Update : AUD/USD.
It seems that the Minimum lot size allowed in the demo account is 0.10 (mini), so EA was not able to lock partial profit. but moved the stoploss to break-even.

EDIT: No. The problem is with the EA when get disconnected, and reconnected again. What happened is that some variables related to partial profit, and original candle size were not re-initialized correctly. So, for the AUD/USD I will close 1/2 position when profit reached the original 1st TP (@ 0.9140).

And I will fix this issue in the EA in the coming days.
No guts, no glory
  • #184
  • Mar 19, 2014 9:35am Mar 19, 2014 9:35am
Quoting abokwaik
I ran similar tests on 2012, but most of them failed. I think I am missing something here.
Mind sharing what happen in 2012 backtest? Could it be the backtest data quality, eg missing data?
  • #185
  • Mar 19, 2014 11:14am Mar 19, 2014 11:14am
Quoting abokwaik
I can not reach the PC which is running the EA untill saturday. But I think that the PC is off some how, I am not sure of that. But my question for technical people is: What if I started the EA from one PC while it is already running on another PC?. I haven't tested that yet.
Well, you will have trades from two EAs on the same account. It is possible to login to one mt4 account from several PCs without any problems. If using the same EAs using the identical magicnumbers (if the EA is hopefully using magicnumbers to identify his trades), they would modify the same trades without to know from each other. Which would not give good results.

Apart of that I'm enjoing you thread. My experience says that almost each good written EA with a good strategy works in his intendet market situation. It is hard to detect this market situations in a correct way.

Regards PBPTaker
  • #186
  • Edited 2:14pm Mar 19, 2014 11:28am | Edited 2:14pm
Version 4 build 610 Meta Trader, I put the Ex4 file in Experts folder in Program Files\Meta Trader\MQL4\Experts\ where I have Moving Average.mq4 and MACD Sample.mq4. when i start MT4 again I dont have Big Candle in my Experts. Am I doing something wrong? I do turn off MT4 before placing the file into that folder.

UPDATE: Whoever has this problem. or just doesnt know how to do this. In new builts what you need to do is go to File - Open Data Folder and then copy ex4 file into Experts folder there.
  • #187
  • Mar 19, 2014 1:22pm Mar 19, 2014 1:22pm
Its SHOWTIME @ FOMC meeting.

I'm at home and EA Robot is at Work in Full Thrust.

Take it easy boy!
No guts, no glory
  • #188
  • Mar 19, 2014 3:15pm Mar 19, 2014 3:15pm
Quoting abokwaik
Its SHOWTIME @ FOMC meeting. I'm at home and EA Robot is at Work in Full Thrust. Take it easy boy!
It's working great, now I'm gonna try to run it in my demo. ​
  • #189
  • Mar 19, 2014 4:14pm Mar 19, 2014 4:14pm
Impressive results I got yesterday.

Thanx
I am smart than average trader, I simply copy the best.
  • #190
  • Mar 19, 2014 4:48pm Mar 19, 2014 4:48pm
Quoting I-Robo
Impressive results I got yesterday. Thanx

Glad to hear that. On Demo account I think , Or not ? Don't you dare !
No guts, no glory
  • #191
  • Mar 19, 2014 4:52pm Mar 19, 2014 4:52pm
Quoting wilsonch
{quote} Mind sharing what happen in 2012 backtest? Could it be the backtest data quality, eg missing data?
I will try to elaborate on that this weekend if possible.
No guts, no glory
  • #192
  • Mar 19, 2014 5:07pm Mar 19, 2014 5:07pm
Quoting masterok
Version 4 build 610 Meta Trader, I put the Ex4 file in Experts folder in Program Files\Meta Trader\MQL4\Experts\ where I have Moving Average.mq4 and MACD Sample.mq4. when i start MT4 again I dont have Big Candle in my Experts. Am I doing something wrong? I do turn off MT4 before placing the file into that folder. UPDATE: Whoever has this problem. or just doesnt know how to do this. In new builts what you need to do is go to File - Open Data Folder and then copy ex4 file into Experts folder there.
I'm sorry, I think that something is missing some steps.
I've MT4 b610 and already paste the Big_Candle_04.ex4 file in the path: C:\Users\USER\AppData\Roaming\MetaQuotes\Terminal\BB190E062770E27C3E79391AB0D1A117\MQL4\Experts.
But still can't run it.
Attached Image
  • #193
  • Mar 20, 2014 1:38am Mar 20, 2014 1:38am
EA Forward Testing:

So far the EA results are OK, even at important news. It was able to close on reverse signals, and open opposite trades in an accepted fashion. However this EA was not meant to be a news trader, or a Scalping trader, as I have much better strategies for these types of trading.

But maybe it behaves this way because I have chosen a short time frame (M30) for the live testing, which is not necessarily the best time frame for Long-Term Trend Following trading.
No guts, no glory
  • #194
  • Mar 20, 2014 1:49am Mar 20, 2014 1:49am
EA Forward Testing (Lessons Learned so far):

  1. The demo account I opened for this test was a micro account, however I discovered that the minimum lot is 0.1 (which is mini not micro-I don't know why?), and since I'm using a risk percentage of 1% of balance($10,000) which is equal to $100 on each trade, so for a 100 pips SL, EA will open a position of 0.1, and for a 50 pips SL EA will open a position of 0.2. Now if the position was 0.2 or above we are OK, as EA will be able to close 1/2 of the position and trail the rest. But in case the position was 0.1 the EA is not able to close the partial profit so it had closed the whole position which well affect our Trend Following strategy.
  2. I will modify the EA to have a minimum position that can be divided (with relation to the broker minimum lot), so ideally the min. position should be at least 2 x minimum lot size.

No guts, no glory
  • #195
  • Mar 20, 2014 1:50am Mar 20, 2014 1:50am
Quoting abokwaik
EA Forward Testing: So far the EA results are OK, even at important news. It was able to close on reverse signals, and open opposite trades in an accepted fashion. However this EA was not meant to be a news trader, or a Scalping trader, as I have much better strategies for these types of trading. But maybe it behaves this way because I have chosen a short time frame (M30) for the live testing, which is not necessarily the best time frame for Long-Term Trend Following trading.
In fact, it's logical that it works well at news times because the main rule is the big candle which is given by important news.
MT4/MT5 EAs/Indicators/Alerts coder
  • #196
  • Mar 20, 2014 1:57am Mar 20, 2014 1:57am
Quoting FerruFx
{quote} In fact, it's logical that it works well at news times because the main rule is the big candle which is given by important news.
Yes, it makes since that it opens the trade at news time because of a Big Candle, but I want it to build on that, not to close for 30 or 50 pips.
No guts, no glory
  • #197
  • Mar 20, 2014 2:02am Mar 20, 2014 2:02am
EA Forward Testing (Lessons Learned -2):

  1. EA opened 2 trades on the same Big Candle on USD/JPY (chart attached)
  2. Now I know that this deficit was due to closing the Whole position instead of closing partial profit and trail (due to lot size issue raised before)
  3. But its better to cater for such cases as it might happen

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym30_5.png Size: 32 KB
No guts, no glory
  • #198
  • Mar 20, 2014 2:04am Mar 20, 2014 2:04am
Quoting abokwaik
EA Forward Testing (Lessons Learned -2): EA opened 2 trades on the same Big Candle on USD/JPY (chart attached) Now I know that this deficit was due to closing the Whole position instead of closing partial profit and trail (due to lot size issue raised before) But its better to cater for such cases as it might happen {image}
Just set a filter to avoid 2 entries on the same candle.
MT4/MT5 EAs/Indicators/Alerts coder
  • #199
  • Mar 20, 2014 2:13am Mar 20, 2014 2:13am
EA Forward Testing (Lessons Learned -3):

  1. Usually its very quite for a while before news (so ATR will be small, on M30 it could be 5 pips)
  2. Which will affect out settings for Initial TP(50 pips), Stoploss(100 pips), Trailing Stop (50 pips)...
  3. Then you have the Big News Candle of 150 pips
  4. So what happen is that you close pre_maturely for partial profit
  5. Worse is that Trainilig Stop gets hit while trend is still in the building phase
  6. This is what happened with USD/CAD (chart attached)

Attached Image (click to enlarge)
Click to Enlarge Name: usdcadm30_2.png Size: 33 KB
No guts, no glory
  • #200
  • Mar 20, 2014 2:22am Mar 20, 2014 2:22am
Quoting FerruFx
{quote} Just set a filter to avoid 2 entries on the same candle.
Sure. The Ideas explored here (Lessons Learned so far) will be implemented in the next (hopefully Final) release of this EA.
No guts, no glory
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