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My EA Gift to Traders

  • #141
  • Jan 18, 2015 3:15pm Jan 18, 2015 3:15pm
Quoting dman7800
Hi Dave, Just trying to work something out.. Im using the PSAR cross with ADX as a filter for confirmation. looking at the code for the ADX filter, Process Buy ADX > 25 Process Sell ADX < 25 (shouldnt this be >25 aswel, since we want to see ADX over 20-25 for a confirmation of the move? It looks like the code says its OK to fo long >25 but only go short it its <25.. or is that not how the filter is supposed to work?? Cheers!
Yes you are correct. Both long and short should be over 25. I do remember changing that code for somebody. If you could change your code personally and recompile, I will hold off for a day or so pending some other changes.
  • #142
  • Jan 18, 2015 4:05pm Jan 18, 2015 4:05pm
Quoting winforex
{quote} I downloaded the EA again and after resetting the inputs, it worked fine. Will update with results. Thank you.
I have been back testing different settings and of the many variations i tried, following resulted in profit.


PRICE/EMA cross

STOP LOSS = 70
TAKE PROFIE = 250
PRIME/EMA CROSS = 1
SINGLE EMA = 15
EMA SHIFT = 2
Net profit = 826
  • #143
  • Jan 19, 2015 12:55am Jan 19, 2015 12:55am
Quoting winforex
{quote} I have been back testing different settings and of the many variations i tried, following resulted in profit. PRICE/EMA cross STOP LOSS = 70 TAKE PROFIE = 250 PRIME/EMA CROSS = 1 SINGLE EMA = 15 EMA SHIFT = 2 Net profit = 826
what pairs? and which time frames

thanks
  • #144
  • Jan 19, 2015 3:47pm Jan 19, 2015 3:47pm
ok, my feedback so far...

I have been testing this on 8 Pairs with the following settings:

SL: 10 Pips
TP: 12 Pips
PSAR Cross=1
ADX Filter=1
BE Pips = 8

This setup opened 0 trades.. I still beleive their may be an issue with the ADX filter.
As Soon As I turn off the ADX filter, trades begin to open.

Next,
After some time (12 hours or so) the EA stops setting SL on some Pairs with a SELL. I dont know why, but it reverts back to reverse SL or something.

I have downloaded new code + reset inputs..

Also,
The Break even PIPS does not set the SL to BE, it sets it to EVEN + Spread.. so e.g

  1. If the Spread is 3
  2. BE Pips is 10
  3. Once you hit 10 Pips in Profit, it sets the BE to -3 Pips (10 + spread)

I think this needs to include the Spread somehow.

The actual strategy seems to work ok.. as long as we win more trades in a day then lose, we will be in profit.
At the moment I am seeing about 50/50 win/loss.
I also see that if I was to filter out the London Open (2 hours or so) there would be more wins.

Once these finer issues can be fixed/tuned, I think we will see a greater win/loss ratio..

Cheers

Dman

Enter Signature
  • #145
  • Jan 19, 2015 4:01pm Jan 19, 2015 4:01pm
I had similar experience with the adx. When switched on, no trades...
Being good at what you do is a result of having fun
  • #146
  • Jan 19, 2015 4:31pm Jan 19, 2015 4:31pm
Has anybody managed to create a profitable EA ? if so please could you share..
  • #147
  • Edited 4:57pm Jan 19, 2015 4:40pm | Edited 4:57pm
Quoting Egosuma
I had similar experience with the adx. When switched on, no trades...
& Dman7800

The ADX filter was giving a sell signal as well as a buy signal and this was preventing the both from functioning as the filters check for opposite direction signals. I have now made the ADX the exception to the rule.

Have also fixed the Breakeven calculation.

Also the StraddlePrice variable has been changed to double and the updated EA is at Post #1
  • #148
  • Jan 19, 2015 5:27pm Jan 19, 2015 5:27pm
Hi fellows, I was wondering if somebody could make a simple EA of TREND TRADING with using of only MACD (in attachment) and RSI.
The EA should have a custom lot managment, TP, SL and TS.
The whole idea is that EA open 2 positions when MACD bar changes colour and close. The first position is runing until MACD bar turn and close in opposite colour and the second is running until RSI crosses and close below or under 68 and 29 (depends on MACD bar colour, if we go long or short) and New positions are opened and closed with this simple rule of RSI and MACD trend following until it changes and close colour.

The best results (so far) are on 15min TF with settings:
MACD : 5, 34, 21
RSI : close, 8, 68, 29

I have attached a MACD that I would like to implement into EA and RSI is from MT4 platform. And a screenshot to get clearly what I meant.
Sorry for interrupting this thread with this kind of request, but since I am a newbie and I think that this is the right place with right people I took my chance.
Sorry again and thank you foreclose.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-01-20_002303.jpg Size: 418 KB
Attached File(s)
File Type: ex4 burger macd multi timeframes.ex4   4 KB | 372 downloads
File Type: mq4 burger macd multi timeframes.mq4   4 KB | 369 downloads
  • #149
  • Jan 19, 2015 6:12pm Jan 19, 2015 6:12pm
Quoting Nowaishy
{quote} what pairs? and which time frames thanks
GBPUSD
Timeframe = 15 mnts.
  • #150
  • Jan 19, 2015 6:18pm Jan 19, 2015 6:18pm
Further testing with profitable result

4H
SUPPORT/RESISTANCE FILTER
Automoney management
STOP LOSS = 70
Use TrailingStopLoss = 1
TAKE PROFIE = 225
UseSR=1
SRMaxBarsAgo = 60
SRBuffer = 5
Net profit = 2169
  • #151
  • Jan 19, 2015 10:09pm Jan 19, 2015 10:09pm
One has to be very careful when testing the EA using the MT4 Strategy Tester. When using the optimizing process, it is extremely good at "curve fitting"; that is producing a setting for the parameters that will produce great profit for a specified time period in the back test. When these parameters are used for a different time period, or in a forward test, they fail badly. This is the nature of the optimization process. If you find a set of parameters that work well for a given time period, say 2014/01/01 - 2014/07/01, see what it will do with a setting of 2014/07/01 - 2014/12/31. If it fails, it probably will not work well in the future, it is simply the best fit for the market during the first time period.

A strategy, such as EMA cross, or any other, should be able to see somewhat consistent results for various time periods. So far I have tested the EA for many of the standard strategies and have not found a consistently good one. This is not a fault of the EA, it is performing as it should. What it shows so far is that the strategies normally being used are quite marginal as far as profit goes. I still feel there is a combination of the strategies that will produce a winning strategy, and will keep trying. I will post any positive results I get, and hope others will do the same.

So far the strategy I have found most promising is the continuous straddle, but only if used during the London and part of the New York session. If any of these strategies are really profitable, this EA should allow us to fine it (them).
  • #152
  • Jan 19, 2015 11:46pm Jan 19, 2015 11:46pm
I have had to change the EA again because of problems with the ADX signal so please download it again from Post #1 if you have already downloaded today. My apologies!.
  • #153
  • Jan 20, 2015 2:05am Jan 20, 2015 2:05am
Quoting Dave_C
I have had to change the EA again because of problems with the ADX signal so please download it again from Post #1 if you have already downloaded today. My apologies!.
Hi Dave,
Sorry to be the bearer of bad news

With the new EA Code from tonight & Reset of inputs.. now ADX filter is opening trades when ADX is way under 20.. see attached..

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 80 KB


Cheers!
Enter Signature
  • #154
  • Jan 20, 2015 3:08am Jan 20, 2015 3:08am
Quoting mwbarth36
One has to be very careful when testing the EA using the MT4 Strategy Tester. When using the optimizing process, it is extremely good at "curve fitting"; that is producing a setting for the parameters that will produce great profit for a specified time period in the back test. When these parameters are used for a different time period, or in a forward test, they fail badly. This is the nature of the optimization process. If you find a set of parameters that work well for a given time period, say 2014/01/01 - 2014/07/01, see what it will do with...
Being fairly new to Forex, Can I ask a sill question, what does a "Continuous Straddle" mean?? I've done some googling but cant come up with anything solid..

Cheers!
Enter Signature
  • #155
  • Jan 20, 2015 10:23am Jan 20, 2015 10:23am
dman7800------The "Continuous Straddle" strategy is probably one of the simplest. When the EA is applied to a chart it places a Buy Stop, and a Sell Stop at a distance from the current price as specified by the "Straddle Buffer". When the price moves to trigger one of the stops, the other stop order is cancelled, and the triggered order is managed according to whatever management is set up....trailing stop loss, take profit, etc. When the current order is closed, either by a Stop loss or Take profit, a second pair of Stop Orders is place about the then current price....and so on and so on.

With the proper choice of Straddle Buffer setting, Stop Loss, and Take Profit, this Strategy is capable of catching large market movements, when they occur, with a series of small losses while waiting for the move. Of course, if the Market does not cooperate, one can sustain a considerable number of "small losses".
  • #156
  • Edited 11:29pm Jan 20, 2015 3:08pm | Edited 11:29pm
Quoting dman7800
{quote} Hi Dave, Sorry to be the bearer of bad news With the new EA Code from tonight & Reset of inputs.. now ADX filter is opening trades when ADX is way under 20.. see attached.. {image} Cheers!
Can you give this a try. It worked OK on back test for me.

Edit - please download from Post 1
  • #157
  • Edited 11:22pm Jan 20, 2015 6:15pm | Edited 11:22pm
Latest EA is now at Post #1 with fix from above.

I have also upload a zip file containing 6 self explanatory .set files.

The optimized parameters have a check mark and all use AUD 1 Jan to 31 Dec 2014 prices. The time frame is in the title of the set file. Whilst they have been optimized for AUDUSD you can run your own optimizations on any currency pair/timeframe. The optimization figures have been input and selected already but can be edited.

TG_AUD_1_2014_ContStraddle_BreakEvenFilter.set
TG_AUD_15_2014_MACD_BreakEvenFilter.set
TG_AUD_15_2014_PriceEMACross_CandleSticksFilter.set
TG_AUD_15_2014_STOC_BreakEvenFilter_ADXFilter.set
TG_AUD_60_2014_PSAR_ADX Filter.set
TG_AUD_60_2014_RSI_BreakEvenFilter.set

I have included the graph and report for the TG_AUD_15_2014_STOC_BreakEvenFilter_ADXFilter.set
You will see that SL=50, TP=100, SetStopLossToBreakEvenPips=17, KPeriod=6, Slowing=3, DPeriod=3

Two of the better settings to minimise losses is the SetStopLossToBreakEvenPips, and UseADXFilter. The ADX filter prevents trades from opening if the value of the ADX is not greater than 25.

Have a good look at Continuous Straddle. You won't see this elsewhere and it is always trading in the direction of the current trend. Another set of Straddle trades is placed immediately the previous fulfilled straddle trade is closed by TP or SL. This is a good type of trade to use the SetStopLossToBreakEvenPips.
USE THE 1 MINUTE CHART FOR ALL TYPES OF STRADDLE TRADES.

When using filters don't forget to use the lookback period setting. Eg. for CandleStick patterns, set the lookback to 5 periods ago.

Don't forget about filtering trades to a particular time of day period.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD_15_2014_STOC_BreakEvenFilter_Graph.jpg Size: 129 KB
Click to Enlarge Name: AUDUSD_15_2014_STOC_BreakEvenFilter_Report.jpg Size: 83 KB
  • #158
  • Jan 21, 2015 3:42am Jan 21, 2015 3:42am
Quoting mwbarth36
One has to be very careful when testing the EA using the MT4 Strategy Tester. When using the optimizing process, it is extremely good at "curve fitting"; that is producing a setting for the parameters that will produce great profit for a specified time period in the back test. When these parameters are used for a different time period, or in a forward test, they fail badly. This is the nature of the optimization process. If you find a set of parameters that work well for a given time period, say 2014/01/01 - 2014/07/01, see what it will do with...
thanks for the info!

just wondering what TF & Pair you were using for the straddle? and also what TP/SL you were using?
I have been playing with different settings, but unable to find anything that will be profitable.

Cheers!
Enter Signature
  • #159
  • Jan 21, 2015 5:53am Jan 21, 2015 5:53am
Quoting dman7800
{quote} thanks for the info! just wondering what TF & Pair you were using for the straddle? and also what TP/SL you were using? I have been playing with different settings, but unable to find anything that will be profitable. Cheers!
Please refer to TG_AUD_1_2014_ContStraddle_BreakEvenFilter.set

AUD/USD 1min 1/1/14 to 31/12/14
  • #160
  • Jan 21, 2015 6:04am Jan 21, 2015 6:04am
I have tried many many combinations with this EA with a modeling quality of 90% for long period of time (1year, & 3years) except for the straddle part.
i have found that this EA works very good in one of the years i.e. from 1/1/2014 to 1/1/2015

BUT

from from 1/1/2103 to 1/1/2014 only losing and Margin call came in!

Bottom line the idea of the EA is very good but its not applicable/durable over long period of time

I hope any one could get a better results, but what I believe its not possible on the longer term!
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