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My EA Gift to Traders

  • #281
  • Feb 3, 2015 12:06pm Feb 3, 2015 12:06pm
Quoting swimmax
Dave, The Candlestick Filter worked well this morning on the move by EU i had a short on and it closed it early. I put this filter in before the start of the morning US session. With the Support and Resistance Filter, what are you calculating this off of? Daily hi and low or is it a deviation level? Would you say daily high and low from the day before is a good level followed by weekly open etc.
Support / Resistance is calculated off the ZigZag indicator. The daily levels which are catered for with the Pivot filter.

It is predicated on both the peaks and the troughs of the last 2 zigzags being progressively higher and the price being at least the value of the SRBuffer (default 5 pips) away from the most recent trough of the zigzag for a buy signal and the reverse for a sell signal.
  • #282
  • Edited 12:37pm Feb 3, 2015 12:18pm | Edited 12:37pm
Quoting drofwarc
{quote} Hi Dave, Yes, I understand the problem with using the current bar in calculations. That's why I added that the trade should be taken after the close of the current bar. So we're saying the same thing. The reason I simplified the trade logic from your original bearish engulfing candle to a basic reversal candle was to make it easier to eyeball the chart to make sure the EA was indeed functioning as intended. Again, there's no reason why the reversal code I wrote would result in the sell that occurs on Oct. 31 in the chart example I provided....
Yes I admit it was hard to figure out your illustration with all the extra arrows because I had no idea why they were there. When I looked at your code and saw that the logic was reversed, I reverted back to the original code for the bearish and bullish engulfing patterns and re ran the test and the logic was correct. I am satisfied that the coding is correct and that is why I sent the file back to you with the original code for the 2 patterns.

The logic of the EA is that it picks up on the time frame of the chart on which it is attached ie. if you attach it to a daily chart, the trade will commence at the beginning of the next day if the signal is generated at the close of the previous day. As I have no idea what indicator it is being compared to, maybe it would be better to post 2 charts pointing out the differences and include the mq4 code for the indicator to which you are referring.
  • #283
  • Feb 3, 2015 1:16pm Feb 3, 2015 1:16pm
Quoting Dave_C
{quote} If you attach the TradersGift EA to your Renko Bars chart, all calculations will be calculated on the Renko Bars. (edit - notice the classic divergence on the RSI) {image}
I have query that i am quite sure most people will know but i google it find some forums on FF but not a clear answer how we make backtesting with renko bars. Or i do it as usually as soon as all the calculations will be taken from the offline chart or i need to check or uncheck something in the tester.

Also Dave is there possibility to add a strategy - filter for the renko bricks , when they change from positive to nagative and via verca including how many bar ago that took place , including a trail stop based behind 1 or 2 bricks.

Example :

Price below 100 EMA after several negative bricks it starts a retracement and changes to positive for 1 to 3 bricks max and the repaints negative brick there we want to sell. I am attaching chart to make it easier.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 110 KB
  • #284
  • Edited 1:43pm Feb 3, 2015 1:28pm | Edited 1:43pm
Quoting alex8585
{quote} I have query that i am quite sure most people will know but i google it find some forums on FF but not a clear answer how we make backtesting with renko bars. Or i do it as usually as soon as all the calculations will be taken from the offline chart or i need to check or uncheck something in the tester. Also Dave is there possibility to add a strategy - filter for the renko bricks , when they change from positive to nagative and via verca including how many bar ago that took place , including a trail stop based behind 1 or 2 bricks. Example...
Use EMA Cross Strategy and set the EMA to a very low figures eg 1 and 2 and use Price/EMA as filter. See PM for message.

Regarding back testing, read this Renko thread. I have read all 59 pages of it and I remember seeing some discussion about back testing.
The easiest solution is to make a copy of your 1min history and then copy the 2min history (which is renko by default) to 1min and then select 1min testing.
  • #285
  • Feb 3, 2015 2:03pm Feb 3, 2015 2:03pm
I'm sure you are all aware of the hype regarding commercial EA's and their claims regarding results on back test. Nearly all of them fall over after a period of time in forward trading. My own personal opinion is back testing beyond a previous 3 month period does not really achieve much and I make it a practice to re-do the back test on a monthly basis for the previous 3 months. That way at least you are in tune with current thinking.

Market behaviour is changing consistently as central banks and major banks change their strategies and how we as consumers react. I'd like to hear your thoughts,
  • #286
  • Feb 3, 2015 2:17pm Feb 3, 2015 2:17pm
I have a hard time figuring out where to place this file EURUSD_M1_2013_2014.csv ?
  • #287
  • Feb 3, 2015 2:42pm Feb 3, 2015 2:42pm
Quoting zulufx
I have a hard time figuring out where to place this file EURUSD_M1_2013_2014.csv ?
You need to go back to Post #1 where you downloaded the file and read the post!
  • #288
  • Feb 3, 2015 4:19pm Feb 3, 2015 4:19pm
Quoting Dave_C
{quote} Yes I admit it was hard to figure out your illustration with all the extra arrows because I had no idea why they were there. When I looked at your code and saw that the logic was reversed, I reverted back to the original code for the bearish and bullish engulfing patterns and re ran the test and the logic was correct. I am satisfied that the coding is correct and that is why I sent the file back to you with the original code for the 2 patterns. The logic of the EA is that it picks up on the time frame of the chart on which it is attached...
Hi Dave,

Have you carefully examined the chart to see what trades your original engulfing candle code is taking? I've just done so and see many trades trades taken incorrectly by the EA. To illustrate this, have a look at the attached chart. The white arrows plot the correct trigger candles. The correct trades then occur at the open of the next candle. Please note that I've copy and pasted your code into my indicator to get this result.

Now look at all the additional incorrect trades that the EA has opened. The red horizontal line indicates just one example. For a sell signal to occur at the open of a candle based on your code, the previous candle must be bearish and the candle before that must be bullish. But that's not the case here. Note that I'm running a copy of the TradersGift_test EA that you posted back to me here in the thread.

For the record, I spotted this issue earlier but wasn't sure about what I was seeing. That's why I ran the test with the reversal candle indicator. It's very simple trade logic and legitimate trades are easy to spot on the chart. When I saw the problem was also present with the reversal indicator, that's the point at which I contacted you.

It's for this reason that I'm suggesting that the problem lies with some other element of the code.

I've attached a copy of my indicator with your original code so that you can try to replicate my results.

Kind regards,
drofwarc
Attached Image (click to enlarge)
Click to Enlarge Name: Traders_Gift_-_Engulfing_Candle_trades.png Size: 24 KB
Attached File(s)
File Type: mq4 +Traders Gift_Engulfing candle.mq4   7 KB | 263 downloads
  • #289
  • Feb 3, 2015 5:29pm Feb 3, 2015 5:29pm
Hi Dave,
Continuing to test some strategies, but I found an issue with the Time of Day / news.

I have a simple "continuous straddle" with a time of day set, to only trade during Europe/US time.
When I turn on the TOD option, it opens up a buy position straight away.. see screenshot below. I have the latest code.

Cheers!

Attached Image (click to enlarge)
Click to Enlarge Name: TOD_Screenshot.JPG Size: 216 KB
Enter Signature
  • #290
  • Edited 11:23pm Feb 3, 2015 6:21pm | Edited 11:23pm
Quoting drofwarc
{quote} Hi Dave, Have you carefully examined the chart to see what trades your original engulfing candle code is taking? I've just done so and see many trades trades taken incorrectly by the EA. To illustrate this, have a look at the attached chart. The white arrows plot the correct trigger candles. The correct trades then occur at the open of the next candle. Please note that I've copy and pasted your code into my indicator to get this result. Now look at all the additional incorrect trades that the EA has opened. The red horizontal line indicates...
In my last reply, I suggested you separate the charts because there are so many arrows on the chart that you have sent me, it is almost unintelligible.

I have re-run the EA again, and did not have any problem. The chart is enclosed with the trades shown. Edit: I have taken The SL out to 100 to separate the trades and run the back test using the every tick model so you can see exactly where the trades opened. I am not comfortable with your placing my code into your indicators code.

If you need additional help, you will have to help me by posting 2 charts as I suggested, one with your indicator and the other from a back test with the enclosed EA.
Attached Image (click to enlarge)
Click to Enlarge Name: Candlesticks.jpg Size: 233 KB
Attached File(s)
File Type: ex4 TradersGift_test.ex4   127 KB | 219 downloads
File Type: mq4 TradersGift_test.mq4   83 KB | 274 downloads
  • #291
  • Feb 3, 2015 6:33pm Feb 3, 2015 6:33pm
Quoting dman7800
Hi Dave, Continuing to test some strategies, but I found an issue with the Time of Day / news. I have a simple "continuous straddle" with a time of day set, to only trade during Europe/US time. When I turn on the TOD option, it opens up a buy position straight away.. see screenshot below. I have the latest code. Cheers! {image}
The continuous straddle was designed as the name implies to trade continuously and to follow all trends. If you want it to trade selectively, you will have to make the following change.

Insert this line at 1056

if (UseTimeOfDay ==1 && TimeOfDayReturnValue ==0) return;

Save and Recompile
  • #292
  • Feb 3, 2015 6:51pm Feb 3, 2015 6:51pm
Quoting Dave_C
{quote} The continuous straddle was designed as the name implies to trade continuously and to follow all trends. If you want it to trade selectively, you will have to make the following change. Insert this line at 1056 if (UseTimeOfDay ==1 && TimeOfDayReturnValue ==0) return; Save and Recompile
Thanks Dave!
Enter Signature
  • #293
  • Feb 4, 2015 2:34am Feb 4, 2015 2:34am
Dear Dave_C

lot of set files and our ea using lot of indicators
everything overall results LOST only
i am also testing something but no use

not me max trader still searching searching want profitable EA

YOUR EA IS VERY VERY HELP .ALL INDICATORS INPUTS OK
so please share good sets possible USE REAL ACCOUNT

thank you
advance
  • #294
  • Feb 4, 2015 2:55am Feb 4, 2015 2:55am
Hi Dave,
The extra line to filter TOD did not work.. I'm not that concerned with it, I can just turn off live trading during those times for the moment.

The other issue I found was set SL at BE is not working.. see below:

Attached Image (click to enlarge)
Click to Enlarge Name: SL_BE.JPG Size: 126 KB


The Good news is I am getting some pretty good results with the continuous straddle, but with the following settings:

 

  1. Pairs - EURJPY/GBPUSD/USDCAD (back-test on those 3 pairs yielded way over 100% for 2014)
  2. Straddle buffer: 20
  3. TP : 95
  4. SL : 90

When I work out how to add a trade explorer from Myfxbook I will publish it on my signature..

Cheers!

Enter Signature
  • #295
  • Feb 4, 2015 3:00am Feb 4, 2015 3:00am
Thanks Dave for presents of RSI 15 Min.

Could you also share continuous straddle presets?

It would be very kind of you.
  • #296
  • Feb 4, 2015 4:55am Feb 4, 2015 4:55am
Dave is it possible to make the wager cap adjustable and not stable at 20%. For the StoplossMulti.
  • #297
  • Feb 4, 2015 6:11am Feb 4, 2015 6:11am
Quoting dman7800
Hi Dave, The extra line to filter TOD did not work.. I'm not that concerned with it, I can just turn off live trading during those times for the moment. The other issue I found was set SL at BE is not working.. see below: {image} The Good news is I am getting some pretty good results with the continuous straddle, but with the following settings: Pairs - EURJPY/GBPUSD/USDCAD (back-test on those 3 pairs yielded way over 100% for 2014) Straddle buffer: 20 TP : 95 SL : 90 When I work out how to add a trade explorer from Myfxbook I will publish it on...
Can you send me a copy of your .set file and the time frame and currency pair, as I cannot replicate your problem.
  • #298
  • Feb 4, 2015 6:16am Feb 4, 2015 6:16am
Quoting Dave_C
{quote} Can you send me a copy of your .set file and the time frame and currency pair, as I cannot replicate your problem.
Please see attached..

EURJPY - H1

Cheers!

Attached File(s)
File Type: txt EURJPY-H1-Straddle.txt   4 KB | 328 downloads
Enter Signature
  • #299
  • Feb 4, 2015 6:25am Feb 4, 2015 6:25am
Quoting rkkgs
Dear Dave_C lot of set files and our ea using lot of indicators everything overall results LOST only i am also testing something but no use not me max trader still searching searching want profitable EA YOUR EA IS VERY VERY HELP .ALL INDICATORS INPUTS OK so please share good sets possible USE REAL ACCOUNT thank you advance
Every preset file (.set) that I have shared was profitable on back test and the data used is at post #1. I am including the .set files as a zip for the continuous straddle which is also in the trade explorer at the top of the page. So now you have both .set files. The other zip is at Post #277.

Regarding the live tests, great idea. Please post your results!
Attached File(s)
File Type: zip TG_1_ContStraddle_SLMultiplier_TPMultiplier.zip   21 KB | 247 downloads
  • #300
  • Feb 4, 2015 6:34am Feb 4, 2015 6:34am
Quoting alex8585
Dave is it possible to make the wager cap adjustable and not stable at 20%. For the StoplossMulti.
I will look in the morning and post the adjustment to the source code. I do not want to incorporate excessive risk in the EA.

At 20% of capital maximum, 2% risk of equity and a SL multiple of 1.2 and risk/reward ratio 1:2 ie. a TP multiple of 2 allows for a 12 losing sequence progression. If you want to extend the sequence, I would suggest setting risk to 1%. If you go above 1.2 for SL Multiple, you will of course shorten the losing sequence.
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