This is going to be cool (EA) | Forex Factory

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This is going to be cool (EA)

  • #1
  • First Post: Jul 22, 2014 4:46am Jul 22, 2014 4:46am
Some days ago i was sharing some screenshots about a backtest of an EA i am working on, interestingly i had some fun discussing the basic concepts behind such ea, and even if the response in the thread was mainly suspicious/defensive, i still had fun!

So, why not share the demo-testing here with a trade explorer, without any second purpose, just for the sake of sharing.

The EA is in continuous developement (from almost 5 years), the developement is very slow, hundred of version has been made, new ideas and concepts have been added/integrated during the years.

The main Core of the ea is the MM engine that i think is very powerful, about the entry/exit criteria we use a range/style (strictly linked to the average true range of the market, so somehow "dynamic").

We are going to run an aggressive settings test, considering the overall constant risk in trading, i do belive that an EA (and trading in general) should make huge returns, drawdown can be high, but i don't care.

Soon the next post with some backtest of the current ea/settings, what we can expect, and of course the trade explorer.
  • #2
  • Jul 22, 2014 4:56am Jul 22, 2014 4:56am
Hi,

Does 'share the demo testing' means that you still haven't traded with that 5 years old EA on a real account ?

If yes, why not share an explorer to the real results instead ?
Simplicity is the Ultimate Sophistication.
  • #3
  • Jul 22, 2014 6:11am Jul 22, 2014 6:11am
Quoting broketrader
Hi, Does 'share the demo testing' means that you still haven't traded with that 5 years old EA on a real account ? If yes, why not share an explorer to the real results instead ?
exactly, i trade the old way (manual), never used any EA on any real account.
Why? I like to learn something everyday and grow, and manual trading is the only way to do so.

However, from time to time, during some weekends, i work on the developement of what would (maybe? at least that's the plan) be an EA that really have something of value.

I still don't plan to use any EA to trade any real account during this year (there's not any hurry), good things take big time to be made.

So, the purpose of this demo-testing:

It's not to see how the EA make profit or losses, there are the backtests for that reason.
It's to spot various bugs or code-mechanisms that do not show on backtest, but that may happen during live-trading (for example, a requote, an error from the server during the open or close of a trade, anything).
In other words, the demo-testing is an important part of the transition process from a "papertrading" EA to a "livetrading" one.

I'm finishing to fix some little issues that has been raised in this first transition, hopefully we'll be up and running within the end of the day!
  • #4
  • Jul 22, 2014 6:19am Jul 22, 2014 6:19am
Ok, cool - come on, slap that thingy out ! I'll give him/her a try !
  • #5
  • Jul 22, 2014 6:43am Jul 22, 2014 6:43am
Quoting tunera
{quote} exactly, i trade the old way (manual), never used any EA on any real account. Why? I like to learn something everyday and grow, and manual trading is the only way to do so. However, from time to time, during some weekends, i work on the developement of what would (maybe? at least that's the plan) be an EA that really have something of value. I still don't plan to use any EA to trade any real account during this year (there's not any hurry), good things take big time to be made. So, the purpose of this demo-testing: It's not to see how the...
hopefully this ea fast finish
've really wanted to try it
  • #6
  • Jul 22, 2014 7:17am Jul 22, 2014 7:17am
Ok, the test has begun.

First, a backtest result with the current settings: (IMAGES BELOW)

We can see, the backtest started from 16 january 2013 till today (22 july 2014), that's all the 1h history i've in my platform, however 2years are somehow enough to me.

Of course, this is high-risk high-reward settings, the idea is to make a killing or at least to try to do it.

The average monthly return during the backtest period is 47.22%.
An interesting thing, is that the EA is setted to make such monthly return no matter what, again, it will make such return on average, or perish trying.

Max drawdown during the period was 50% (max equity drawdown).
The number of trades made during the backtest period was 2654.

The ea don't use any tp or sl.
The average win trade during the backtest period was of 19.78 pips
The average loss trade was of -30.90 pips

66% of trades was winners.

The ea do open/close trades only at the beginning of each hour.
Max 3 trades opened at any time.

Well i think that's enough, the trade explorer will be up and running in a few minutes, the ea is running on a vps (99,99% uptime) that enjoy an extremely low latency.

The ea is still in its alpha stage so i expect some minor problem to arise during this test.
I'm very curious to see what happen
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.png Size: 40 KB
Click to Enlarge Name: 2.png Size: 13 KB
Attached Image
  • #7
  • Jul 22, 2014 8:09am Jul 22, 2014 8:09am
One last post about the EA.

I guess the thought now is: "It looks too good to be true".

So let's explain the secret of the EA, it's all about the MM engine coded in itself.

How it work:
There is an imaginary equity target, that tick up of 0.024% (as per current settings) everytime a new bar begin.
So, this imaginary equity target always go up, at an average speed of 47.22% monthly (circa).

The ea calculate the current difference between the current equity and the equity target everytime it enter a trade, the more big is this difference, the more aggressive the lotsize of such trade will be.
In this way, and thanks to the 66% winning ratio, the EA is able to stay more or less close to the equity target, and achieve the good results.

The risk side:
The risk lies within a possible loosing streak, there is a point that i would call "the point of not come back", if the EA find itself in a big enough (during the backtest period it never happened, but it can happen in future though) loosing streak, it may arrive to a point where simply blow off in a spectacular loss.
Yet, the fact that it do a big number of trades, work against the "blow off" possibility.

To sum up, i have no idea if this EA is good or not, but here we are doing the preliminary tests, whatever happen let's keep expectations down and fun up.

I expect the first trade to be opened within a few hours
  • #8
  • Jul 22, 2014 8:28am Jul 22, 2014 8:28am
count me in!
would it work on 5-digit broker?
and i assume optimal for EURUSD?
  • #9
  • Jul 22, 2014 8:34am Jul 22, 2014 8:34am
Quoting catextract89
count me in! would it work on 5-digit broker? and i assume optimal for EURUSD?
Yep, oops i forgot to say, the ea is being tested only in eurusd, 1h timeframe, 5digit broker (fxcm).

Basically with the currenty entry/exit strategy (range strategy, buy low sell high) what it's needed is a pair that don't trend soo much, and that go up and down, seems like eurusd is the best one.

welcome on board!
  • #10
  • Jul 22, 2014 9:35am Jul 22, 2014 9:35am
update:

the first trade is officially open!

however, as i see during the beginning of the 1h candle, the spread was abnormal due to the news release, not really a good thing.

this is one of the little "problems" that come out during live-trading compared to backtesting, i will have to work on the code a little bit to "fix" this situation, but nothing to worry about.

let's see in the next days/weeks how it goes!

Good trading to everybody
  • #11
  • Jul 22, 2014 11:06am Jul 22, 2014 11:06am
Quoting tunera
update: the first trade is officially open! however, as i see during the beginning of the 1h candle, the spread was abnormal due to the news release, not really a good thing. this is one of the little "problems" that come out during live-trading compared to backtesting, i will have to work on the code a little bit to "fix" this situation, but nothing to worry about. let's see in the next days/weeks how it goes! Good trading to everybody
maybe you can add a news filters which disable trading before news. maybe an option like:

no trade before news: XX (XX refer to number minute before news)
resume trade after news: XX (XX refer to number minute before news)

these setting only applied to high impact news (red colour)

the EA can refer to indi such as FFCal for news (attached)
Attached File(s)
File Type: ex4 FFCal.ex4   31 KB | 185 downloads
  • #12
  • Jul 22, 2014 12:26pm Jul 22, 2014 12:26pm
Quoting catextract89
{quote} maybe you can add a news filters which disable trading before news. maybe an option like: no trade before news: XX (XX refer to number minute before news) resume trade after news: XX (XX refer to number minute before news) these setting only applied to high impact news (red colour) the EA can refer to indi such as FFCal for news (attached) {file}
Thanks, yes i will add a simple line that say if spread > 2pips WAIT until it get again below 2pips, and then open or close trades as normal (at that point, will price be at the same level of the previously closed candle, or higher, or lower?).

the backtest was made on an einvornment without news, so probably this news-stuff will in some way make a difference (little or big i don't know), but that's what demo-testing is for eheh
  • #13
  • Edited 4:30am Jul 23, 2014 4:14am | Edited 4:30am
order sell 0.42 EURUSD opening at 1.34675 failed [Hedge is prohibited]

looks like i got to find a new demo account.. any suggestion?

the ideal would be: leverage at least 200x, eurusd spread less than 1.6pips

hedging allowed!
  • #14
  • Jul 23, 2014 7:39am Jul 23, 2014 7:39am
You can use FinFX. The spread on EU is about 0.7 pips and there is 0.7 pips commission all together still under 1.6))
  • #15
  • Jul 23, 2014 8:06am Jul 23, 2014 8:06am
Quoting lbe
You can use FinFX. The spread on EU is about 0.7 pips and there is 0.7 pips commission all together still under 1.6))
wonderful, thank you i will give a look to it, hopefully the new demo will be up and running in a few days.

I used fxcm (live) for backtesting etc., but seems like on their demo feed they have this non-hedging rule (in my live account there is not such rule), really a surprise.

I will look at finfx soon, tnx!
  • #16
  • Jul 23, 2014 9:47am Jul 23, 2014 9:47am
Quoting tunera
{quote} wonderful, thank you i will give a look to it, hopefully the new demo will be up and running in a few days. I used fxcm (live) for backtesting etc., but seems like on their demo feed they have this non-hedging rule (in my live account there is not such rule), really a surprise. I will look at finfx soon, tnx!
Hi tunera,

Make sure to register for the demo through our UK office at www.fxcm.co.uk or Australia office www.fxcm.com.au in order to get a demo with hedging. If the demo doesn't allow hedging, most likely it was registered through our US site www.fxcm.com which doesn't offer hedging due to regulations.

Jason
  • #17
  • Jul 24, 2014 5:50am Jul 24, 2014 5:50am
Quoting Jason Rogers
{quote} Hi tunera, Make sure to register for the demo through our UK office at www.fxcm.co.uk or Australia office www.fxcm.com.au in order to get a demo with hedging. If the demo doesn't allow hedging, most likely it was registered through our US site www.fxcm.com which doesn't offer hedging due to regulations. Jason
Jason, thank you for your post.

May i ask you a little more help, what i want is a demo account (uk or au, without the FIFO and antihedging usa rules), at least a 200x leverage and a little eurusd spread.

Now, i see the standard NDD fxcm demo have 2.4pips spread on eurusd, while the DD demo have 1.6 (if i remember well).
What i want then, is a demo with the dealingdesk option (1.6pips spread on eu).

I tried to look on the fxcm uk website, but i can only register for "NDD" demo, with a 2.4pip spread.
Is there a link or a way to have a DD demo (uk or au)?

Thank you very much!
  • #18
  • Jul 24, 2014 8:55am Jul 24, 2014 8:55am
Quoting tunera
{quote} Jason, thank you for your post. May i ask you a little more help, what i want is a demo account (uk or au, without the FIFO and antihedging usa rules), at least a 200x leverage and a little eurusd spread. Now, i see the standard NDD fxcm demo have 2.4pips spread on eurusd, while the DD demo have 1.6 (if i remember well). What i want then, is a demo with the dealingdesk option (1.6pips spread on eu). I tried to look on the fxcm uk website, but i can only register for "NDD" demo, with a 2.4pip spread. Is there a link or a way to have a DD...
Hi Tunera,

Thanks for letting me know. Please use this link on the AU website http://www.forextrading.com.au/forex-trading-demo/. The second to last drop down menu allows you to select the lower spread execution type, and the demo will default to 200:1 leverage.

Jason
  • #19
  • Jul 24, 2014 9:45am Jul 24, 2014 9:45am
Quoting Jason Rogers
{quote} Hi Tunera, Thanks for letting me know. Please use this link on the AU website http://www.forextrading.com.au/forex-trading-demo/. The second to last drop down menu allows you to select the lower spread execution type, and the demo will default to 200:1 leverage. Jason
Appreciated!
  • #20
  • Jul 27, 2014 11:26am Jul 27, 2014 11:26am
HI,
where is the EA?
let me give a try
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