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  • #121
  • Apr 28, 2014 10:30am Apr 28, 2014 10:30am
Quoting acey2424
{quote} Hi Odomike, Do you think I did something wrong? What do you think happened? Or maybe the robot don't like me By the way, I am using Oanda demo mt4 platform. What do you think should i tweak in your ea settings so that I can also experience the same performance executed by your ea in your trades.
I'm also using Oanda Demo MT4 (5k Demo) and haven't had any problems like 5 losers in a row (closed that is), that is odd. I've only had the 1 small .80 loss with EURUSD, but with that news last night, I got all these open losers ATM. I'm running the 66b ver with default settings. Here is a screen shot of my current open and closed trades.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 126 KB
  • #122
  • Apr 28, 2014 10:34am Apr 28, 2014 10:34am
I really like the foundation of this ea. I think if we can get it taking trades in the proper direction, it has a lot of potential.
  • #123
  • Apr 28, 2014 11:19am Apr 28, 2014 11:19am
Quoting iamgotzaa
{quote} Bravo!! what time zone you're in?
GMT+1
  • #124
  • Apr 28, 2014 11:27am Apr 28, 2014 11:27am
Quoting Fb6_si
{quote} I'm also using Oanda Demo MT4 (5k Demo) and haven't had any problems like 5 losers in a row (closed that is), that is odd. I've only had the 1 small .80 loss with EURUSD, but with that news last night, I got all these open losers ATM. I'm running the 66b ver with default settings. Here is a screen shot of my current open and closed trades. {image}
first please try to find out best setting by your own. some time spread is the issue with onda so best try different broker or workout your own settings.
  • #125
  • Apr 28, 2014 11:45am Apr 28, 2014 11:45am
Quoting hukam
{quote} first please try to find out best setting by your own. some time spread is the issue with onda so best try different broker or workout your own settings.
I started with the default settings and will modify after watching it run for a few weeks. I want to see it in action for more than a few trades. I've only had it running since last Thursday. Thanks for the suggestion.
  • #126
  • Apr 28, 2014 5:54pm Apr 28, 2014 5:54pm
Iam, in post 79 you show how to change the magic number. Can you tell me which line in the code that appears? I couldn't spot it. Also to make this easier could you put the magic number in the user defined box so that it can be easily altered when bringing the EA into play.
  • #127
  • Apr 28, 2014 5:56pm Apr 28, 2014 5:56pm
Everyone, please read post 12 on the first page. You can modify the number of bars to test do ensure a nice entry and the range the bars must meet before the EA takes a trade. And also... that's why v70c would be safer in cases such as yesterday...

but not all is lost... trust there is a recovery mode the EA goes into... and it works!
  • #128
  • Apr 28, 2014 6:08pm Apr 28, 2014 6:08pm
Quoting acey2424
{quote} Hi Odomike, Do you think I did something wrong? What do you think happened? Or maybe the robot don't like me By the way, I am using Oanda demo mt4 platform. What do you think should i tweak in your ea settings so that I can also experience the same performance executed by your ea in your trades.
Acey2424, you might wanna try and re-install the EA with the appropriate settings provided by imgotzaa. Did you put the 3 .mql files in the library? And you now that the same files have to go into the Experts folder for the 66ba version, but make sure that you download the correct version of the library files that came with the 66ba if you want to use that. I am using the 66b version though. Well, in my experience, it has not really placed any trades in the wrong direction. It has successfully picked the Highs and placed the trades in the correct direction too.

By the way, it has placed 6 trades in my live account with only one loosing. Making a reasonable profit so far. So, my advice is that you should try and re-install the EA following the correct instructions by imgotzaa.

Just FYI, I am using an ECN account from Tradersway, but I think that any account from any broker should be able to handle this. I do recommend using ECN accounts though cos of the very low spreads. You will profit more with such account types.

Oh and by the way, this is not my EA. I am here just like you. The EA was developed by imgotzaa and the sole right and copyright belongs to him. I am just helping because I thought it will be nice of me to help others whenever I can.

Cheerio
  • #129
  • Apr 28, 2014 6:14pm Apr 28, 2014 6:14pm
Quoting Patmontes
Everyone, please read post 12 on the first page. You can modify the number of bars to test do ensure a nice entry and the range the bars must meet before the EA takes a trade. And also... that's why v70c would be safer in cases such as yesterday... but not all is lost... trust there is a recovery mode the EA goes into... and it works!
Yes by reducing the calm_range (in version 70c), the EA will place more trades, but could result to large DDs sometimes, but it generally always recovers it with counter trades with larger volume.

If you want EA to be more conservative, increase the calm_range.
  • #130
  • Apr 28, 2014 6:20pm Apr 28, 2014 6:20pm
Quoting bobha
Iam, in post 79 you show how to change the magic number. Can you tell me which line in the code that appears? I couldn't spot it. Also to make this easier could you put the magic number in the user defined box so that it can be easily altered when bringing the EA into play.
Why is it that people don't take time to read through the posts and they just start asking questions that have already been answered. I already answered this in post #94

Just to explain this again,

Set AutoID to False and
type in any integer in the User_Define_Bot_ID (For instance ... 1234)

That should give the EA a unique magic number. And make sure that you give a manual Magic Number if you want to use EA on more than one pair on same terminal.
  • #131
  • Apr 28, 2014 6:59pm Apr 28, 2014 6:59pm
Quoting odomike
{quote} Yes by reducing the calm_range (in version 70c), the EA will place more trades, but could result to large DDs sometimes, but it generally always recovers it with counter trades with larger volume. If you want EA to be more conservative, increase the calm_range.
Yes that was what I meant. Increase the calm range and also increase the bars to test. I think what happened yesterday was the bars being tested were going in one direction, then the EA placed the trade in that direction thinking that will be the trend because the bars being tested showed that. But then suddenly price went the opposite direction... and every trade got caught opposite.
  • #132
  • Apr 28, 2014 7:43pm Apr 28, 2014 7:43pm
Hi Gotzaa and all helping members.

I have one question and few comments.

Question : I went thought the code and cannot figure out how the trailing stop loss is trig-erred. It seems to have a variation from one pair to the next as I can be up 20 pips on one pair without the trailing engaging ... while up 10 pips on another pair and the trailing engages. All charts have different Magic numbers to avoid any conflicts in trade management.

General Comment : I notice some members do not read the whole tread before making comments or asking questions. This is a "counter trend strategy" based on statistics of price action ... so its normal that the trade may often go against the actual trend that you see on the chart. So please take the time to read the entire thread to avoid wasting other members' time and benefit yourselves from the whole picture presented.

The real issue with this EA is more the "Martingale" recovery approach that is taken with Gotzaa's algorithm. Martingale is and has always been a plan for draining your account eventually. But in this case, with proper MM (money management) and not being too greedy with lots of 1 rather then of 0.1, it seems possible on a long term basis to gets some profits. For example, with a $10,000 account, 0.01 lots transactions can work. If tempted to trade 1 lot, your account will bust eventually. Just back test it and it is clearly a plan for disaster. There will be some scenarios where the trend is so strong for an extended period of time ... and your account will be drained.

Comment for Gotzaa : You are very smart buddy. Thanks for sharing your algorithm and asking us to participate in the fine tuning. If you need help eventually in coding in .mql the final version or some attributes, please advise me. I can pay someone to do this. With regards to the Martingale DD (DrawDowns) that may be very excessive at some times (when recovery mode kicks in) and we are faced with over 4 trades in recovery .... is there any way to put a general stop loss based on equity ? I understand that that may reduce considerably the profits since we do not leave the chance for the EA to recover ... but the option of some kind of safeguard may be nice for testing purposes.

Thanks again and have a great day.

A+

Spar
  • #133
  • Apr 28, 2014 8:19pm Apr 28, 2014 8:19pm
Quoting acey2424
Hi Guys, I tried this ea just for the heck of it. I did not change any settings or whatever and it gave me 5 losing trades and 1 winning trade.... I was just looking at my charts while the trades was executed that ea placed a sell order on those 5 losing trades while the break out is happening on the upside....kinda weird...what is happening???? {image}

Hi acey,

closing in lose is result from the condition coded in the ea to prevent larger losses. Looking at the result you provide all 5 losses trade comes from 5 pair. That is also possible if you are running multiple pairs.

The fact is that from the back test result single pair with consecutive loss is around 5-8 trades. (can't remember exact number) and that base on GBPUSD with 90% model quality.

I would encourage you to have the testing going. May be we can find a way to improve it.

Thank you for testing
Holy grail, pls pm
  • #134
  • Apr 28, 2014 8:27pm Apr 28, 2014 8:27pm
Hi,

This is for anyone with some code skill and would like to back test.

Closing condition (default)

Inserted Code
//#common

Inserted Code
void CommonSingleOrderState()
{
   ft(lastticket); //trailing stop loss function this will move stop loss up and prevent going back to loss when profit.
   if(iBars(Symbol(),Period())>bbb) //do it every new bar
   {
      OrderOpenTooLongAndNotMove(); //you can Find this function and make change
      BuyThenImmediateProfit();  //you can Find this function and make change
      //PositionLossAfterHrsthenClose();  
      bbb=iBars(Symbol(),Period());
   }
}

then if I look at the function called "OrderOpenTooLongAndNotMove"

There are some variables use into closing condition here.

Check whether how long from last time stamp (either buy or sell ticket were placed)
this case more than 2 hours and less than 8 hours -->hr_sec(2) and hr_sec(8)

RRR (Risk Reward Ratio)
RRR = max_gain/max_loss

max_gain is maximum gain recorded during time from the time order were placed until now
max_loss is maximum loss (draw down) recorded during time from the time order were placed until now
max_loss is always negative
max_gain is always positive
pl is realtime order profit

I recommend you guys can try to deviate from this.

Inserted Code
void OrderOpenTooLongAndNotMove()
{
  
   if(TimeCurrent()-laststamp>hr_sec(2) && TimeCurrent()-laststamp<hr_sec(8) && RRR!=0)
   {
      
      if(1/RRR>=1.5 && -max_loss>=10 && pl>=5)  
      {
         if(OrderClose(lastticket,OrderLots(),Bid,5,DarkGray)==true)
         {
            Print("Close order#"+lastticket+", REASON:OrderOpenTooLongAndNotMove(), LOGIC1");
            if(state==state_buy1) BlockBuyUntilTime=TimeCurrent()+15*60;
            if(state==state_sell1) BlockSellUntilTime=TimeCurrent()+15*60;
         }
      }      
   }
  
   if(TimeCurrent()-laststamp>hr_sec(3) && RRR!=0)
   {
      if(1/RRR>=5 && -max_loss>=10 && pl>=-20)  
      {
         if(OrderClose(lastticket,OrderLots(),Bid,5,Goldenrod)==true)
         {
            Print("Close order#"+lastticket+", REASON:OrderOpenTooLongAndNotMove(), LOGIC2");
            if(state==state_buy1) BlockBuyUntilTime=TimeCurrent()+15*60;
            if(state==state_sell1) BlockSellUntilTime=TimeCurrent()+15*60;
         }
      }      
   }
}
Holy grail, pls pm
  • #135
  • Apr 28, 2014 8:38pm Apr 28, 2014 8:38pm
Quoting Patmontes
{quote} Yes that was what I meant. Increase the calm range and also increase the bars to test. I think what happened yesterday was the bars being tested were going in one direction, then the EA placed the trade in that direction thinking that will be the trend because the bars being tested showed that. But then suddenly price went the opposite direction... and every trade got caught opposite.
Any idea to prevent this from entry and got caught?

I'm struggling with this situation too.

See the screen shot, if caught in short position while the spike is super bullish.
Attached Image (click to enlarge)
Click to Enlarge Name: photo.PNG Size: 72 KB
Holy grail, pls pm
  • #136
  • Apr 28, 2014 8:58pm Apr 28, 2014 8:58pm
Quoting bobha
Iam, in post 79 you show how to change the magic number. Can you tell me which line in the code that appears? I couldn't spot it. Also to make this easier could you put the magic number in the user defined box so that it can be easily altered when bringing the EA into play.
search for MAGIC

Inserted Code
int Trade_Market(int side,datetime& _timestamp,double lot_size,double stop_price=0,double target_price=0,string comment="")
{
   int retTicket=0;
   if(side==OP_BUY)  retTicket=Trade_Buy(Symbol(),MAGIC,lot_size,stop_price,target_price,comment);
   if(side==OP_SELL)  retTicket=Trade_Sell(Symbol(),MAGIC,lot_size,stop_price,target_price,comment);
   _timestamp=TimeCurrent();
   
   if(retTicket>0)
   {
      Print(state+":Trade_Market: Placed order successfully, ticket #"+retTicket);
   }
   return(retTicket);
}
Holy grail, pls pm
  • #137
  • Edited 9:52pm Apr 28, 2014 9:01pm | Edited 9:52pm
Quoting iamgotzaa
{quote} Any idea to prevent this from entry and got caught? I'm struggling with this situation too. See the screen shot, if caught in short position while the spike is super bullish. {image}
Hi Gotzaa

Just an idea ... from my back testings that shows that very often we are in recovery mode after one (1) bar spike.

In your first series of conditions, you specify last 5 bars (M15) must be larger that 40 pips. Maybe if you also add condition to exclude when last one (1) of two (2) bars alone is over 40 pips. So 5 bars cumulative true range must be greater than 40 pips ... but if last bar (or last two bars) is larger than 40 pips on itself ... no trade...wait.
  • #138
  • Apr 28, 2014 10:03pm Apr 28, 2014 10:03pm
Quoting Spar
Question : I went thought the code and cannot figure out how the trailing stop loss is trig-erred. It seems to have a variation from one pair to the next as I can be up 20 pips on one pair without the trailing engaging ... while up 10 pips on another pair and the trailing engages. All charts have different Magic numbers to avoid any conflicts in trade management.
hi Spar,

pls look into
Inserted Code
void ft(lastticket)
function.

I still wonder while sometime the trailing stop does not kick in also. But mine is rarely happen. What I think is if the ticks are too fast, and MT4 fail to complete the computing cycle and fail to trail stop.
Holy grail, pls pm
  • #139
  • Apr 28, 2014 11:42pm Apr 28, 2014 11:42pm
reply below
  • #140
  • Apr 28, 2014 11:43pm Apr 28, 2014 11:43pm
Quoting iamgotzaa
{quote} Any idea to prevent this from entry and got caught? I'm struggling with this situation too. See the screen shot, if caught in short position while the spike is super bullish. {image}
Not so sure on how to code it but probably we could increase the range where the EA test the bars?

Then after placing a trade the EA can self check open position if it is going > or < the High/Low the test bars range and then reverse buy or sell if it detects: absolute value of (current price - high/low of bars test range candles) (< ) less than the High-Low for a 1-3 candle recent candles in the opposite direction. This means there is a spike in opposite direction thus close current position then open opposite position.

I'm not sure if what i write above is easy to understand or not.. hahaha...
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