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UdineEA Official Thread

  • #421
  • Apr 24, 2015 12:52am Apr 24, 2015 12:52am
Quoting skyline
{quote} I completely agree, this ea will not gain any money in the long term.
Hi Skyline,

Fully agree with you, so in this case why not reversing the trades, setting pending sell instead of buy stop?. Having also the RR 1:2 on our side.
Think about it

Cheers,
G.
  • #422
  • Edited 4:58am Apr 24, 2015 1:26am | Edited 4:58am
Hi All,
I want again to state very clear that I'm not going to do ANY changes to the logic of UdineEA.

This is final version and will be not changed anymore (bugfix apart)

Take it or leave it.

Thank You
Skyline
  • #423
  • Apr 26, 2015 12:12pm Apr 26, 2015 12:12pm
Skyline,

I am a bit confused here. You have done a tremendous amount of work to code the Udine00 system rules into an EA. I applaud you for this effort.

Then you say that you agree it will not make any money in the long term. OK, then you believe there are obviously some discretionary factors in the Udine00 system that are not included in your code. I agree. It seems that if you will not make modifications or release MT4 code to allow others to make modifications the whole project will only establish that the base rules are a win/ no win scenario. What am I missing here? How do you propose to test and identify these factors in a scientific manor if there are no variations or ability to record other data factors with the trades?

Respectfully,
dlouw
  • #424
  • Apr 26, 2015 2:13pm Apr 26, 2015 2:13pm
@dlouw

Yes man - you hit the bull's eye !
  • #425
  • Apr 26, 2015 4:10pm Apr 26, 2015 4:10pm
Hi dlouw,
let's start from the begin....

I approached Udine strategy method starting to study his thread, I soon realized that a lot of discrectionality were involved so I stopped at level 1 rules which was 'quite' easy to be turned into an EA, also because I don't had the time to place and babysit trades due to my daily job. Then someone asked me to share this EA for all and I did.

The plain and simple truth is that all of Udine's rules cannot be coded into an EA just because there's too much discrectionality involved, while an EA needs some mathematical and fixed rules that can be coded using Mql language.

By the way after a good start with some positive trades, UdineEA hits some bad trades (now we are in a drawdown period in my demo account), so users like you started to yell asking to 'filter', to add 'things' , to do this or do that..., based on what ? On nothing , just because there were some losing trades in a row.

So Dlouw do you think that I'm here to code whatever 'idea' comes around just because seems nice to be coded or because there is a losing streak? Forget it !

Moreover, where did I wrote that I intend to code 'discretional' Udine rules ? This is UdineEA level1 rules thread not UdineEA all rules thread, i've never thought to do something like that also because as i said before is simply impossible to do.

UdineEA logic code phase, as far as I'm concerned, is done; I released live version so now we can only test it as is for at least 1 year (or 500+ trades) to gather some statistical evidence.

I'm quite sure this EA will not gain money in the long run , maybe I'm wrong who knows ? The only way to verify this is by testing it as is in live not by changing it (otherwise you have to start again and again your live test)

I'm sorry if you, or others, are not comfortable with this, you can always start to code your UdineEA and do whatever you want with it, share your code, add filters, and so on....

Regards,
Skyline
  • #426
  • Apr 27, 2015 2:38pm Apr 27, 2015 2:38pm
Quoting dlouw
Skyline, I am a bit confused here. You have done a tremendous amount of work to code the Udine00 system rules into an EA. I applaud you for this effort. Then you say that you agree it will not make any money in the long term. OK, then you believe there are obviously some discretionary factors in the Udine00 system that are not included in your code. I agree. It seems that if you will not make modifications or release MT4 code to allow others to make modifications the whole project will only establish that the base rules are a win/ no win scenario....
Hi dlouw, it is always refreshing for me to read a post that is both intelligent and eloquent. I wish more people had your facility with language!

That aside, while I understand what you are saying and requesting, given that skyline has chosen (as is his right) to make no more changes and will not release the source code, then it only remains to make use of the EA as a teacher to help us see the very discretionary elements of which you speak. Let the EA run, and then keep a log of all the losing trades and note, when possible, identifiable reasons not to have taken that losing trade. It might be due to SR or Pivots or Fibonacci levels, or channels or any myriad of other things. If enough data is gathered, in an ordered and scientific fashion, then you would then have a very valuable set of reasons not to take trades when trading L1 trades manually. Udine puts it succinctly: "If you don't see a reason to stay out, then take the trade!" Which implies that if you see any reason, or even think you see a reason, then it is better to stay out of the trade.

In summary, since no EA changes are forthcoming, then make use of the EA as a grand teacher.

Dial

P.S. BTW, I am impressed with skyline because he is one of the few people I know who truly understands how trading works and why adding extra filters almost always results in worse trading, and begins a cycle of filter on filter on filter etc.
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  • #427
  • Apr 28, 2015 5:53pm Apr 28, 2015 5:53pm
skyline, Please no offense intended. I have a great interest in your work here. I would love to be able to code this myself from scratch. Alas my coding skills are in the rank beginner stages and I am relegated to rely on those with superior skills such as yourself. I can only hack existing code to a degree at this time. By standing on the shoulders of those who have traveled this road the view is much clearer. That being said the idea of having a EA that can monitor the System is very appealing to my selfish side. You see, here in Oregon the London session opens at 12:00 AM and NY at 4:00 PM. It is difficult for me to monitor any of the other discretionary variables and contribute value to your efforts without a significant loss of sleep.

All this being said your position is understood and respected. I thank you for your contribution and will look forward to the knowledge gained by this endeavor.

And daillist, I sincerely hope that I can make an impact on these forums as eloquent and positive as your own. You contributions are a credit to traders and humanity. Thank you.

Green Pips and All the Best,
dlouw
  • #428
  • Apr 29, 2015 2:36am Apr 29, 2015 2:36am
HI dlouw,
ty for your kind reply.
I see a lot of you like to explore further deeply Udine strategy to evaluate and try to automatize all rules involved but that's wasn't my intention when I started this thread; I do not have the time nor the will to deeply analyze possible evolution of this strategy.

Maybe in future I could share a lite version with source code with just entry rules coded so that it could be further developed if someone want to.

Regards,
Skyline
  • #429
  • Apr 29, 2015 3:20am Apr 29, 2015 3:20am
Hello skyline,
I test also your EA and I write from a neutral point of view, because that's not my focus. If dlouw the EA would like to develop: Please give him a chance and share the code with him! It is then possible to test both EA's and that can only be positive but not harm anyone. I hope dlouw would his EA then also share here with all.
Best regards
Raimund
  • #430
  • Apr 29, 2015 5:16am Apr 29, 2015 5:16am
Anyone tried with different TP and SL? I have been testing with various SL and TP. Right now i have 30 SL and 300 TP running with 20 TS. London only - false.

http://www.myfxbook.com/members/blue...ine-ea/1211489
  • #431
  • Apr 29, 2015 5:47am Apr 29, 2015 5:47am
Quoting dlouw
Skyline, I am a bit confused here. You have done a tremendous amount of work to code the Udine00 system rules into an EA. I applaud you for this effort. Then you say that you agree it will not make any money in the long term. OK, then you believe there are obviously some discretionary factors in the Udine00 system that are not included in your code. I agree. It seems that if you will not make modifications or release MT4 code to allow others to make modifications the whole project will only establish that the base rules are a win/ no win scenario....
I am totally with you on this. Skyline is right from his side as well. What Skyline shared with us is more than enough. i was frustrated at one stage when i saw potential in this EA but can't do anything. I tried to PM you to give you direction so you make your own way like me as i don't want to disturb flow here. Looks like your PM is turned off.
Be Greedy
Dices Return This Week: na
  • #432
  • Apr 29, 2015 10:36am Apr 29, 2015 10:36am
I'm sorry Skyline, I'm a new member in this forum.
I'm testing the new version UdineEA V1.1.7 to last week.
It seems to be a great project and so far has been positive .
I saw , however, that the trailing stop does not work and always causes a closure to BREAK EVEN.
is it the fault of the broker ? I use Pepperstone .
thanks
  • #433
  • Apr 29, 2015 12:47pm Apr 29, 2015 12:47pm
Quoting skyline
HI dlouw, ty for your kind reply. I see a lot of you like to explore further deeply Udine strategy to evaluate and try to automatize all rules involved but that's wasn't my intention when I started this thread; I do not have the time nor the will to deeply analyze possible evolution of this strategy. Maybe in future I could share a lite version with source code with just entry rules coded so that it could be further developed if someone want to. Regards, Skyline

Thanks for your consideration!
  • #434
  • Apr 29, 2015 1:13pm Apr 29, 2015 1:13pm
Thank you for the consideration skyline.

My PM is on now .

Warmest Regards,
dlouw
  • #435
  • May 6, 2015 11:50am May 6, 2015 11:50am
Hi,

Anyone still running the UdineEA ?

Had one winning trade today on EJ

Is the EA still running in the Trade manager ? Dont see any trades apear.

Hope this thread doesn't die.

Cheers

Thevarkoon
  • #436
  • May 6, 2015 4:08pm May 6, 2015 4:08pm
Quoting thevarkoon
Hi, Anyone still running the UdineEA ? Had one winning trade today on EJ Is the EA still running in the Trade manager ? Dont see any trades apear. Hope this thread doesn't die. Cheers Thevarkoon
I actually got four trades today, two GBP/JPY were losers, and GBP/USD and EUR/JPY being winners.
  • #437
  • May 7, 2015 1:18pm May 7, 2015 1:18pm
Hi all,

2 winners 2day

EJ + EU

Cheers

Thevarkoon
  • #438
  • May 30, 2015 4:00am May 30, 2015 4:00am
[Published in first post latest version v1.1.8]

* (feature) Removed time limit , UdineEA will work forever

Do not ask for changes/improve/optimizazion/whatever to UdineEA, this is final version and in final testing live stage, I no longer modify its code.
  • #439
  • Jun 14, 2015 6:29pm Jun 14, 2015 6:29pm
Quoting skyline
Hi dlouw, let's start from the begin.... I approached Udine strategy method starting to study his thread, I soon realized that a lot of discrectionality were involved so I stopped at level 1 rules which was 'quite' easy to be turned into an EA, also because I don't had the time to place and babysit trades due to my daily job. Then someone asked me to share this EA for all and I did. The plain and simple truth is that all of Udine's rules cannot be coded into an EA just because there's too much discrectionality involved, while an EA needs some mathematical...
and so on still in a healthy drawdown
  • #440
  • Jun 15, 2015 1:19am Jun 15, 2015 1:19am
Quoting chayon
{quote} and so on still in a healthy drawdown
and so what do you want exactly ?
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