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UdineEA Official Thread

  • #361
  • Apr 17, 2015 12:44pm Apr 17, 2015 12:44pm
Quoting leancuisine
I also see that Skyline's lots increased, for EUR/JPY yesterday it was 0.05 lots, and today it's at 0.13 lots.
yes I changed the version yesterday to test latest bug fix , but I forgot to change risk setting which I've changed for today which was a losing day

Cheers,
Skyline
  • #362
  • Apr 17, 2015 12:46pm Apr 17, 2015 12:46pm
Quoting cescof
.... Monitoring this pair for ignore list
My friend - do you really think that makes sense ?

Never ! One day you have good trades with one pair, another day another pair isn't doing in your favour ...

So it'll make no difference trading with or without that EURJPY ...

(Remember this funny saying: Monday and friday are bad days for trading - the other bad days are tuesday, wednesday and thursday ! )
  • #363
  • Apr 17, 2015 6:50pm Apr 17, 2015 6:50pm
skyline, Thank you for your efforts here. I look forward to testing this. In the best case we will all make a lot of profit. In the worst case we will learn about "discretionary" variables that separate those successful with Udine's 00 strategy from the rest. We both know success is possible. This could be a boon to those like myself (West Coast USA, PST) who have challenges trading the London session and managing a day job. I do hope that you will make MT4 files available so that those so included can stand on the shoulders on Udine and yourself and explore other "discretionary" variables and share the results.

It is interesting that this EA is getting different results for different platforms. It is using the same information that manual traders are using to base decisions. Different broker feeds and spreads are expected. We can always change brokers. Are the differences being measured on the same broker feed and location? With the same feed and internet connection this may be cause for concern, ei "stacking the deck"

All the Best!
dlouw
  • #364
  • Apr 17, 2015 8:44pm Apr 17, 2015 8:44pm
Nothing happened yesterday. No opened trades at all. Open pending order once but cancelled. Don't know why.
MAKE SURE you still can TRADE tomorrow
  • #365
  • Apr 17, 2015 9:51pm Apr 17, 2015 9:51pm
Quoting honestknave
{quote} Have you tried the standard EA setting in the Common tab? {image}
damn, such an easy thing i miss out. thank!!!
  • #366
  • Apr 18, 2015 5:30am Apr 18, 2015 5:30am
Quoting senanata
Nothing happened yesterday. No opened trades at all. Open pending order once but cancelled. Don't know why.
Hi Senanata, pending orders that are not triggered at the end of candle are deleted.

Cheers,
Skyline
  • #367
  • Apr 18, 2015 6:06am Apr 18, 2015 6:06am
@senanata

Ups ... no trades at all ?

That's quite different to all of us here ....

That's good luck for you ! God grant that your broker would do all that further in your favour ....
  • #368
  • Apr 18, 2015 9:09am Apr 18, 2015 9:09am
It is too early to pass judgement on this EA. Common sense and mathematics tells us that this EA has an edge.

Any edge, however small will bring the AWR above the BEWR curve, but the question that remains is whether it is far enough above the BEWR curve to cover transaction costs, and further still above to yield a profit.

If it is sufficient, it may do so at a very slow rate, dithering above and below the starting balance, but yielding only a small return each week or month, but a positive return nonetheless.

I say we let the EA do its work over a series of 500 or (better) a 1000 trades.

Even if it proves to be unprofitable over time, it will at the very least serve as an instructor to us by giving us the opportunity to examine each losing trade for discretionary variables that would have kept us out of the trade. By this I mean, for example, seeing SR or Pivot levels on the chart that are invisible to the EA.

Even if it only serves in that capacity, it is still a very valuable tool and was worth all the effort that skyline put into it.

As for myself, I withhold judgement until at least 500 trades have been taken.

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #369
  • Apr 18, 2015 9:43am Apr 18, 2015 9:43am
Quoting diallist
It is too early to pass judgement on this EA. Common sense and mathematics tells us that this EA has an edge. Any edge, however small will bring the AWR above the BEWR curve, but the question that remains is whether it is far enough above the BEWR curve to cover transaction costs, and further still above to yield a profit. If it is sufficient, it may do so at a very slow rate, dithering above and below the starting balance, but yielding only a small return each week or month, but a positive return nonetheless. I say we let the EA do its work over...

This post should be sticky at each sub-forum here in FF !

Thank You Dial !
  • #370
  • Apr 18, 2015 9:58am Apr 18, 2015 9:58am
Looking at actual stats in my demo account UdineEA is opened since 25 days and were placed 36 trades, if my math are correct and trades will be placed at the same pace, to reach 500 trades there would need :

Days = (25*500)/36 = 347 days

so around 1 year to be able , as Dial said, to evaluate this EA.
Do you have the necessary will to accomplish this task ?
Do not forget that drawdown period surely will occurs and could be also prolonged (months and months without any equity high).

Just to speak, I'm trading a completely different EA (portfolio of 5 EAs) running on real account that is in drawdown (-26%) since when it's started (around 6 months ago).
Why do I keep trading it ? Because in that case I've calculated precise statistical numbers and whole portfolio is still below its limits.
UdineEA is different because no backtest could be done so we don't know how behaved in past , so we have only to test in forward live.

Regards,
Skyline
  • #371
  • Apr 18, 2015 12:49pm Apr 18, 2015 12:49pm
Quoting dlouw
skyline, Thank you for your efforts here. I look forward to testing this. In the best case we will all make a lot of profit. In the worst case we will learn about "discretionary" variables that separate those successful with Udine's 00 strategy from the rest. We both know success is possible. This could be a boon to those like myself (West Coast USA, PST) who have challenges trading the London session and managing a day job. I do hope that you will make MT4 files available so that those so included can stand on the shoulders on Udine and yourself...
I am also hoping same as there is edge in this ea and we can try different variation and idea and test on same time and share result here
Be Greedy
Dices Return This Week: na
  • #372
  • Apr 19, 2015 12:56pm Apr 19, 2015 12:56pm
Hi all,
I'd like to send my thank to all fellow traders who send me here and my pm , appreciations message and also for testing and reporting bugs.

As promised after a month of demo test, I've just released UdineEA v1.1.6 in 1st post which is enabled to trade on real account.

To avoid improper use, I've locked max risk per pair to 4%; if you try to set RiskPerTrade more than 4%, EA will throw an alert and stop trading.

I'll manage at the start of next month to fund a tiny live account and link the account here.

My task will be to let the UdineEA to run at least 1 year until May 2016 to see real performance.

Trade Well!

Regards,
Skyline
  • #373
  • Edited 1:42pm Apr 19, 2015 1:30pm | Edited 1:42pm
Good evening everyone, I'm very interested in the trial of your udineEA since I'm using a complex indicator pre buy or sell manually , Nihilist_Ultra_Trend_V2 Currently I'm testing your udineEA 115 , but I saw that was released a new version . Thanks for any help you can give me
  • #374
  • Apr 19, 2015 2:23pm Apr 19, 2015 2:23pm
Thank You Skyline.
  • #375
  • Apr 19, 2015 2:56pm Apr 19, 2015 2:56pm
Thank you skyline again

Is that possible to unlock pairs, so we test more low spread pairs please?
Be Greedy
Dices Return This Week: na
  • #376
  • Apr 19, 2015 5:37pm Apr 19, 2015 5:37pm
Quoting skyline
Hi all, I'd like to send my thank to all fellow traders who send me here and my pm , appreciations message and also for testing and reporting bugs. As promised after a month of demo test, I've just released UdineEA v1.1.6 in 1st post which is enabled to trade on real account. To avoid improper use, I've locked max risk per pair to 4%; if you try to set RiskPerTrade more than 4%, EA will throw an alert and stop trading. I'll manage at the start of next month to fund a tiny live account and link the account here. My task will be to let the UdineEA...
Hi Skyline,

Can't wait for this. Thanks a lot for your effort, once again. I'll give my live reports asap.

Regards,
Senanata
MAKE SURE you still can TRADE tomorrow
  • #377
  • Apr 19, 2015 5:42pm Apr 19, 2015 5:42pm
Quoting AKCodingEye
Thank you skyline again Is that possible to unlock pairs, so we test more low spread pairs please?
HI AKCodingEye,

Pls see at the 1st post about EA Rules.
.....EA is designed to open only at .00 level (not .50 level) and work only on EJ,EU,GU,GJ (please don't ask for other currencies,index,metals,cfd and so on...!)

Happy Trade,
Senanata
MAKE SURE you still can TRADE tomorrow
  • #378
  • Apr 19, 2015 6:05pm Apr 19, 2015 6:05pm
@Skyline,

Thanks for the update mate!

Can you tell me, is there anything else changed in the new version of the EA, or just the live trading option?

Cheers!
Life is like a snickers, its full of nuts!
  • #379
  • Apr 19, 2015 9:05pm Apr 19, 2015 9:05pm
@Skyline,

Hey mate, I noticed something interesting today, I know it's intentional but not sure if it's accurate.

I know there's a max of 1 order per pair, per hour. My EA placed a pending order with did not get taken after 30 mins and so was deleted. This is expected as far as I understand it.

However, the max 1 order filter then kicked in and would not trade until the next hour, even though no order was actually filled.

This is just for your information, I am not complaining LOL

Cheers mate!
Life is like a snickers, its full of nuts!
  • #380
  • Apr 20, 2015 2:02am Apr 20, 2015 2:02am
Hi Firewight,
new v1.1.6 has some minor bug fixed nothing to do with logic entry, so in essence is the same as previous 1.1.5, the only difference is that now is able to trade on live account and risk is maxed at 4% per pair (so no fixed risk and money management always on).

The '1 max order per hour' rule kicks in only if pending order is actually triggered into a market order (Ive checked again code) so in your case it shouldn't prevent to place another pending order in next M30 candle (of course if entry conditions are met). I've never see such issue , I'll monitor closely to see if I can replicate it.

Ty
Cheers,
Skyline
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