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My EA Gift to Traders

  • #1,401
  • May 28, 2015 5:47am May 28, 2015 5:47am
Hi Dave... after installation and loading data when start optimiziation process display error and stop sw..

what could be the problem ?
Attached Image (click to enlarge)
Click to Enlarge Name: optimizer error.JPG Size: 70 KB
  • #1,402
  • May 28, 2015 9:26am May 28, 2015 9:26am
CCI Volume is taking quite a hit this week. I think its because there hasn't really been any news releases.

Something really odd I notice is that during trade optimisation - we get only two handfuls of trades - maybe 10 max but when running on a forward test demo account - the trade volume explodes. We go from around 10 to hundreds. A red flag as the backtest isn't coming out anywhere near the forward test. Too many entries.
  • #1,403
  • May 28, 2015 12:36pm May 28, 2015 12:36pm
Hi David,

I notice your broker is Global Prime. I use them as well. As you know, Global Prime charges a commission of $7 per lot per round trip on top of its spread. If wonder if, for commission brokers, it would be possible to make the live spread display show the spread + commission? I think this would be a worthwhile enhancement as you wouldn't need to do the calculation in your head.

Kind regards,
Patrick
  • #1,404
  • May 28, 2015 12:49pm May 28, 2015 12:49pm
Hi, I bought the Auto version and did the compete "Auto Calculation" process but all I got was the .set files, how can I compare each one side by side.

This is a hard work product, well done!
  • #1,405
  • May 28, 2015 2:07pm May 28, 2015 2:07pm
Quoting activemax
Hi Dave... after installation and loading data when start optimiziation process display error and stop sw.. what could be the problem ? {image}
I don't have enough information from your image because it is truncated at the top but periodically it has been a problem but not consistently. I suspect it may relate to your date format so could you please give me more information and a full image.
  • #1,406
  • May 28, 2015 2:12pm May 28, 2015 2:12pm
Quoting Nidolap
Hi, I bought the Auto version and did the compete "Auto Calculation" process but all I got was the .set files, how can I compare each one side by side. This is a hard work product, well done!
Depending on how your output directory displays, the CSV report may be embedded in the middle of the list as in this example.
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Click to Enlarge Name: 2015-05-29 05_09_27-Start.jpg Size: 125 KB
  • #1,407
  • May 28, 2015 2:15pm May 28, 2015 2:15pm
Quoting drofwarc
Hi David, I notice your broker is Global Prime. I use them as well. As you know, Global Prime charges a commission of $7 per lot per round trip on top of its spread. If wonder if, for commission brokers, it would be possible to make the live spread display show the spread + commission? I think this would be a worthwhile enhancement as you wouldn't need to do the calculation in your head. Kind regards, Patrick
Yes that is a good idea and I will incorporate it in my next build.
  • #1,408
  • May 28, 2015 2:50pm May 28, 2015 2:50pm
Quoting fxtrader08
CCI Volume is taking quite a hit this week. I think its because there hasn't really been any news releases. Something really odd I notice is that during trade optimisation - we get only two handfuls of trades - maybe 10 max but when running on a forward test demo account - the trade volume explodes. We go from around 10 to hundreds. A red flag as the backtest isn't coming out anywhere near the forward test. Too many entries.
I just noticed your post but I don't really understand your comment. You do realise on back test we are dealing with only one currency pair at a time whereas on forward test we are dealing with 14 currency pairs.
  • #1,409
  • May 28, 2015 4:24pm May 28, 2015 4:24pm
Quoting goldenequity
{quote} Greetings Dave am just reviewing/starting your thread playing catchup.. live in the SW of U.S./Arizona... so U.S. FIFO rules apply... I assume you have built 'sequenced close' as part of your ea? Looking for some confirmation of 'basics' (for my benefit/new readers) ►Making sure I understand your statement above... this 'backbone'.... is your calculus for the 'incremental' tightening of the SL as trade begins to profit yeah? and ►the Strategy Optimizer generates 'new' batches of 'set files' to replace w/ any 'existing' set files...
My reply to the 3 questions you have asked -

The backbone of Traders Gift is the complete money management suite which has formed the basis of the daily topic subjects to date. If I was to single out the most significant factor, it would be StopLossMultiplier but the EA is still a very significant tool if you chose not to use it.

The First In/First Out rule that the US imposes as a regulatory requirement is not a factor because there are never simultaneous trades within any individual EA attached to a chart.

Each month I advocate an update of the settings for all set files. The choice of strategies for set files may vary on a monthly basis with the 168 monthly EA's and may vary from time to time with the Auto offering. One thing that will change on a monthly basis, is the value of the variables as the most recent 3 months data is optimized.
  • #1,410
  • May 28, 2015 7:33pm May 28, 2015 7:33pm
Anybody know why these settings are causing the EA to close out trades so early? AUDNZD for example has a stop loss of 89 pips yet the EA closed it for a few pips loss.
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  • #1,411
  • May 28, 2015 8:23pm May 28, 2015 8:23pm
Quoting fxtrader08
Anybody know why these settings are causing the EA to close out trades so early? AUDNZD for example has a stop loss of 89 pips yet the EA closed it for a few pips loss. {image}
SetStopLossToBreakEven setting - Commission
  • #1,412
  • May 28, 2015 8:28pm May 28, 2015 8:28pm
Quoting Dave_C
{quote} SetStopLossToBreakEven setting - Commission
Hi Dave, 25 pips had not passed before that SL was put on. The trades opened and closed within minutes.
  • #1,413
  • May 28, 2015 8:36pm May 28, 2015 8:36pm
Quoting fxtrader08
{quote} Hi Dave, 25 pips had not passed before that SL was put on. The trades opened and closed within minutes.
In that case I will need much more detail before I can help you including the set file and the chart showing the currency pair and the trade journal.
  • #1,414
  • Edited May 29, 2015 12:51am May 28, 2015 8:37pm | Edited May 29, 2015 12:51am
My latest video on Working with Optimizations (25 min)

Inserted Video
  • #1,415
  • May 29, 2015 12:12am May 29, 2015 12:12am
Quoting Dave_C
{quote} My reply to the 3 questions you have asked - The backbone of Traders Gift is the complete money management suite which has formed the basis of the daily topic subjects to date. If I was to single out the most significant factor, it would be StopLossMultiplier but the EA is still a very significant tool if you chose not to use it. The First In/First Out rule that the US imposes as a regulatory requirement is not a factor because there are never simultaneous trades within any individual EA attached to a chart. Each month I advocate an update...
Exactly what I was asking for.... thank you so much for that summary.
I do better/retain more when I have a bird's eye view going into something.
I will digest and keep reading... thx again Dave.
"You Never Know.....Until You Find Out."
  • #1,416
  • Edited 12:46am May 29, 2015 12:36am | Edited 12:46am
Todays Discussion: (Refer Post #1301)

Other Inputs

Maximum Slippage - is the amount that you will allow the Trade Price to change from the value at time of request for a trade and the value of the price that you receive. In a fast moving market, the price can move very quickly and this is a means of restricting the Price movement. Expressed in Pips (0.0001 except JPY 0.01, Gold 0.1 and Silver 0.01)

Maximum Spread - is the maximum difference in Pips between Buy and Sell Price existing at time of trade that you will accept.

Nominal Spread - is the allowance in Pips that is made for the difference between Buy and Sell Price for back testing and optimization.

Magic Number - This is the unique number that identifies trades associated with a particular EA. It must be a different number for each chart to which the EA is attached. A trade is totally identified by the Account Number and the Magic Number. Whilst not needed in Back testing and Optimization, when a set files is saved the Magic Number can be recorded and loaded automatically when trading using a Set file and is independently set when using the Auto version of Strategy Optimizer.

Message - This is the message that is seen in the comments column of the Trade Log and Account History in the Terminal Section of MT4. Traders Gift EA automatically inserts the currency pair and "Buy" or "Sell" and then this message. These columns are hidden by default and must be enabled by right clicking in the column headers area. Very useful in determining profitable EA's within an account running multiple EA's.

Trading Mode -
Automatic Trading. The default value.
Advisory only - messages only are provided
Discretionary Trading - Prompts are given On Screen. With 2 Options - OK will automatically make the applicable Buy or Sell trade, Cancel will not make any trade.

Advisory Mode - is the method of delivery of messages - default is on screen prompts however delivery can be made by email including text messages to mobile phones. The setup is under Tools, Options, Email in MT4. Setting up text messages can be tricky and I would advise using Google for help.
  • #1,417
  • May 29, 2015 2:12am May 29, 2015 2:12am
The video on Using Set Files is now public. Sorry for the inconvenience.
  • #1,418
  • May 29, 2015 3:11am May 29, 2015 3:11am
Hi Dave ...

I downloaded a optimized SET file for EURUSD 30mim..

In the attached image is SL 98 pips and TP 176 pips is correct ?

My broker is 5 gigits..

Attached Image (click to enlarge)
Click to Enlarge Name: gift-eurusd.JPG Size: 75 KB


Best Regards
Max
  • #1,419
  • May 29, 2015 3:24am May 29, 2015 3:24am
Quoting activemax
Hi Dave ... I downloaded a optimized SET file for EURUSD 30mim.. In the attached image is SL 98 pips and TP 176 pips is correct ? My broker is 5 gigits.. {image} Best Regards Max
Yes.
  • #1,420
  • May 29, 2015 1:16pm May 29, 2015 1:16pm
Hi Dave,

I have a doubt about EA capability of managing all the situation of margin calls. I have a $1000 in my account. used margin is $900. Five trades are active. Free margin is $100. if the active trades are in loosing, what will happen? I thought to manually close some trades. Thanks if you can clarify?
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