Good EA for all Seasons | Forex Factory

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Good EA for all Seasons

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  • Is this good or bad EA
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  • #1
  • First Post: Edited 10:44pm May 26, 2015 1:23pm | Edited 10:44pm
What does Good EA for all Seasons meant?

 

  1. EA to survive and end up profitable in choppy, range bound and also trending markets
  2. EA to survive extreme fundamental news releases (or) sudden central bank interventions
  3. EA to have good MM & well defined risk to reward ratio

    1. Fixed Risk to each trade Vs Variable Reward return from each trade
    2. Good Money Management and variable scaling lots accordance with the account equity



  4. EA to be distributed in manner

    1. EA not relying on just one currency or commodity pair for its co-existence rather operates with bunch of pairs/commodities
    2. Distributed portfolio of trading eliminates the dependency of single currency pair instead to make EA perform as a group to profitability



  5. EA shouldn't use martingale/grid (or) anti martingale pyramid schemes since its matter of time to get hit in trending markets
  6. EA's trading entry/exit logic not visible to brokers to disrupt/tamper its working behavior

    1. Hidden TP/SL
    2. Hidden Pending /Expiry of orders used


    With all that in mind the "Good EA for all seasons" is drafted over last few years and put on a live market account to test the waters of its potential to survive the storm.




Currency pairs(Majors/Cross Pairs) + Commodity Pairs (Total) : 33 charts enabled for auto trading.

For 27th May later in US session:

10:00am GMT
CAD BOC Rate Statement
CAD Overnight Rate

Scoobi doobi doo
  • #2
  • May 27, 2015 2:45am May 27, 2015 2:45am
Quoting Scoobidoobi
Good EA for all Seasons
Are u going to share the EA?
  • #3
  • May 27, 2015 3:01am May 27, 2015 3:01am
Quoting tablet8
{quote} Are u going to share the EA?

For security reasons and getting tapped by brokers and getting targeted. I would let it run on MT4 accounts rather safely over VPS for the benefit of all rather than letting the code publish over public forum in this case.
Scoobi doobi doo
  • #4
  • Edited 3:48am May 27, 2015 3:35am | Edited 3:48am
Quoting Scoobidoobi
{quote} For security reasons and getting tapped by brokers and getting targeted. I would let it run on MT4 accounts rather safely over VPS for the benefit of all rather than letting the code publish over public forum in this case.
Sorry but I can't believe you have such an all season working robot.

your history shows that u are trading almost every currency pair !!!

from my experience I guess that u r hedging different currency pairs together
I had a strategy I call it full multi currency headge, it was really good and not risky, and especially good for rebate lovers !
but it can not be tested on mt4 coz mt4 tester does not support such codes, because of this I almost forget it

if u r using full multi currency headge strategy then I will agree that u have a all season robot.
in this case your real profit is from your rebates.
(when I say hedge I don't mean buy and sell together, I meant using multi-currency correlation for trade)
  • #5
  • Edited 4:09am May 27, 2015 3:53am | Edited 4:09am
Quoting tablet8
{quote} Sorry but I can't believe you have such an all season working robot. your history shows that u are trading almost every currency pair !!! from my experience I guess that u r hedging different currency pairs together I had a strategy I call it full multi currency headge, it was really good and not risky, and especially good for rebate lovers ! but it can not be tested on mt4 coz mt4 tester does not support such codes, because of this I almost forget it if u r using full multi currency headge strategy then I will agree that u have a all season...
Right Tablet, multi pair strategy's using hedge mechanism can't be backtested. Mine is based on pure price action and some times hedges can happen naturally.

Coming back to your multi currency hedge strategy can you illustrate more so that I can have it coded to you, is it like BUY 1 lot EUR USD 1 lot GBP USD 2lots USDCHF and vice versa and trying to generate rebates..., I have made such many hedge based EA's for Gold/Silver ,UKOIL/USOIL , EUR USD USD JPY EURJPY of which few I have contributed in FF for free consumption.

Thanks Tablet!
Scoobi doobi doo
  • #6
  • May 27, 2015 4:09am May 27, 2015 4:09am
Quoting Scoobidoobi
{quote} Right Tablet, multi pair strategy's using hedge mechanism can't be backtested. Mine is based on pure price action and some times hedges can happen naturally. Coming back to your multi currency hedge strategy can you illustrate more so that I can have it coded to you, is it like BUY 1 lot EUR USD 1 lot GBP USD 2lots USDCHF and vice versa and trying to generate rebates..., I have made such many hedge based EA's for Gold/Silver ,UKOIL/USOIL , EUR USD USD JPY EURJPY etc... Thanks Tablet!
I can code it myself!

it depends on u how u choose the hedge: everyone can act differently , it can be done by many ways. it can be done through two account or two broker.....

for exapmle:
sell eurusd 1 lot
sell usdcad 1 lot
sell cadschf 1 lot
sell chfjpy 1 lot
{buy eurjpy 1 lot}
wait::: when account equity = account balance + X
then close all fast !!!!
(x depends on lotsize and your expectations)

another example:
account one
sell eurusd 1
buy usd cad 1
..
..
account two
buy eurusd 1
sell usd cad 1
..
..
wait::: when account equity = account balance + X
then close all fast !!!!
(x depends on lotsize and your expectations)

another example
..
..
  • #7
  • May 27, 2015 4:22am May 27, 2015 4:22am
Quoting tablet8
{quote} I can code it myself! it depends on u how u choose the hedge: everyone can act differently , it can be done by many ways. it can be done through two account or two broker..... for exapmle: sell eurusd 1 lot sell usdcad 1 lot sell cadschf 1 lot sell chfjpy 1 lot {buy eurjpy 1 lot} wait::: when account equity = account balance + X then close all fast !!!! (x depends on lotsize and your expectations) another example: account one sell eurusd 1 buy usd cad 1 .. .. account two buy eurusd 1 sell usd cad 1 .. .. wait::: when account equity = account...

Gotcha tablet , so do you need low spreads(on ecn brokers perhaps) to run such hedges and close them profitably?

Lets take an example of 5k account with your mechanism would you be able to generate say 20 lots per day assuming you are using 1 standard lot to do , in that case what would be max DD and your profit target (X?)
Scoobi doobi doo
  • #8
  • May 27, 2015 5:07am May 27, 2015 5:07am
Quoting Scoobidoobi
{quote} Gotcha tablet , so do you need low spreads(on ecn brokers perhaps) to run such hedges and close them profitably? Lets take an example of 5k account with your mechanism would you be able to generate say 20 lots per day assuming you are using 1 standard lot to do , in that case what would be max DD and your profit target (X?)
there is no different between ecn account or otheres becuase ecn account commission+it's low spread is already the same as other accounts

if u do full hedge+full correlation
the dd will be very very low, may be max dd be two times ot three times bigger that the sum of all orders spreads
now the poblem is that if u do full hedge+full correlation, u may need to wait for more than one day so there would be also swap

if u do not do full hedge+full correlation
the dd is unpredictable and can be big, it would be similar to a trade with no stoploss some times

I'm not using it now,
u can play with it in demo and wait some weeks to find the exact answer for your question
  • #9
  • May 27, 2015 7:24am May 27, 2015 7:24am
Quoting tablet8
{quote} there is no different between ecn account or otheres becuase ecn account commission+it's low spread is already the same as other accounts if u do full hedge+full correlation the dd will be very very low, may be max dd be two times ot three times bigger that the sum of all orders spreads now the poblem is that if u do full hedge+full correlation, u may need to wait for more than one day so there would be also swap if u do not do full hedge+full correlation the dd is unpredictable and can be big, it would be similar to a trade with no stoploss...
Cool anyways let me know what you think on this EA after watching it for a while.., appreciate your comments..
Scoobi doobi doo
  • #10
  • May 28, 2015 1:58am May 28, 2015 1:58am
nice hunting so far from EA, good day everyone! UK GDP data is the key driver for cable later today lets see how it unfolds
Scoobi doobi doo
  • #11
  • May 28, 2015 12:00pm May 28, 2015 12:00pm
Good
DON'T TRADE THE DIRECTION, TRADE THE MOVE
  • #12
  • May 28, 2015 12:21pm May 28, 2015 12:21pm
Quoting Pipomagic
Good
Cheers Pipo
Scoobi doobi doo
  • #13
  • May 29, 2015 12:38pm May 29, 2015 12:38pm
Quoting Scoobidoobi
{quote} Cheers Pipo
Hunting from EA continues on friday too way to go
Scoobi doobi doo
  • #14
  • May 30, 2015 3:33am May 30, 2015 3:33am
Folks,

Next week EA will keep continuing the upmove further as we have larger datas like NFP and other events around cant wait

cheers

Scoobi
Scoobi doobi doo
  • #15
  • Last Post: Jan 31, 2016 10:05pm Jan 31, 2016 10:05pm
Quoting tablet8
{quote} Sorry but I can't believe you have such an all season working robot. your history shows that u are trading almost every currency pair !!! from my experience I guess that u r hedging different currency pairs together I had a strategy I call it full multi currency headge, it was really good and not risky, and especially good for rebate lovers ! but it can not be tested on mt4 coz mt4 tester does not support such codes, because of this I almost forget it if u r using full multi currency headge strategy then I will agree that u have a all season...

I have signed up for instant rebates with ppstone ecn(as in TE) as it trades multiple pairs - rebates are decent 0.80cents per lot not that great..
Scoobi doobi doo
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