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My EA Gift to Traders

  • #1,421
  • May 29, 2015 1:25pm May 29, 2015 1:25pm
Quoting Dave_C
{quote} 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.
Even on single pairs - we're getting substantially more trades than appear in backtest.

Backtest fibonacci only or Price/EMA - infrequent but accurate trades - stick it on a demo and you get entries and exits constantly.

I also noticed when using Fibbonacci only it had no (1) in the display panel only () - does that mean it isnt being used?

I don't think every feature of this EA has been thoroughly tested, thats my main concern for now.
  • #1,422
  • May 29, 2015 1:32pm May 29, 2015 1:32pm
Quoting fxtrader08
{quote} Even on single pairs - we're getting substantially more trades than appear in backtest. Backtest fibonacci only or Price/EMA - infrequent but accurate trades - stick it on a demo and you get entries and exits constantly. I also noticed when using Fibbonacci only it had no (1) in the display panel only () - does that mean it isnt being used? I don't think every feature of this EA has been thoroughly tested, thats my main concern for now.
I would refer you to Post #1345 where I went into great detail to explain differences in results.

Fibonacci is a filter and not meant to be traded by itself.

Please be careful when making sweeping statements as I do not think you understand the concept completely by some of your most recent posts.
  • #1,423
  • May 29, 2015 1:41pm May 29, 2015 1:41pm
Quoting Dave_C
{quote} Fibonacci is a filter and not meant to be traded by itself. Please be careful when making sweeping statements.
That's even worse in that case because on what basis would the EA open trades if only the Fibonacci filter was activated? Nothing else was selected.

Perhaps an addition to the Strategy Optimizer would be to pop up with messages such as "No entry criteria selected".
  • #1,424
  • May 29, 2015 1:49pm May 29, 2015 1:49pm
Quoting Dave_C
{quote} I would refer you to Post #1345 where I went into great detail to explain differences in results. Fibonacci is a filter and not meant to be traded by itself. Please be careful when making sweeping statements as I do not think you understand the concept completely by some of your most recent posts.
I think I understand enough to see when something isn't quite right and there are still bugs in either the EA or the Strategy Optimizer or both. Perhaps I don't delve enough into journal logs etc to provide meaningful feedback but that's just the way I am. It doesn't mean I cannot grasp or understand it. It simply means I cannot be arsed to look. Sorry for being lazy. When I do post, I'll try to be more clear in my postings and provide screen prints to help highlight the bugs.
  • #1,425
  • May 29, 2015 1:59pm May 29, 2015 1:59pm
Quoting demalichcha
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?
Have you checked the leverage on your account? I have 1:500 on my account which allows good enough breathing space.
  • #1,426
  • May 29, 2015 2:07pm May 29, 2015 2:07pm
Quoting fxtrader08
{quote} Have you checked the leverage on your account? I have 1:500 on my account which allows good enough breathing space.
Thanks. I have my account with Oanda. The maximum leverage allowed is 1:50.
  • #1,427
  • May 29, 2015 2:50pm May 29, 2015 2:50pm
Dave,

Thanks for those videos, I'll be watching them later tonight!

Since we're coming on June, I'm re-optimizing.

I always do 2 tests, one in SO, another in MT4. What I'm noticing is, since the update, EA doesn't take any trades if more than 1 strategy is enabled in MT4.

Example: I tested on SO with RSI and PSAR. It gave me good results, so I took that set file and put it in MT4 and ran test on same time frame with my current broker. It took 0 trades. I tested with another broker, and same result.

I tried to optimize from MT4, and if I enable RSI only, it optimizes well, and if I enable more than 1 (PSAR), it optimizes, but all results are discarded.

Also, it looks like you removed CCI explorer. It took a big hit, I had it running on a demo account. I actually started manually trading to bring value back up. Turned off for the weekend though.
  • #1,428
  • May 29, 2015 3:00pm May 29, 2015 3:00pm
Quoting demalichcha
{quote} Thanks. I have my account with Oanda. The maximum leverage allowed is 1:50.
Thats the problem - I hope it wasn't a real account. You really need to get an account with better leverage available so you can trade more pairs. With an EA like this that can trade many many pairs, not just the 14 we look at here. You need more leverage.
  • #1,429
  • May 29, 2015 3:09pm May 29, 2015 3:09pm
Quoting fxtrader08
{quote} Thats the problem - I hope it wasn't a real account. You really need to get an account with better leverage available so you can trade more pairs. With an EA like this that can trade many many pairs, not just the 14 we look at here. You need more leverage.
Thanks for the advice. I will see..
  • #1,430
  • Edited 4:52pm May 29, 2015 4:41pm | Edited 4:52pm
Quoting fxtrader08
{quote} That's even worse in that case because on what basis would the EA open trades if only the Fibonacci filter was activated? Nothing else was selected. Perhaps an addition to the Strategy Optimizer would be to pop up with messages such as "No entry criteria selected".
It's not that the EA will not trade, it will just automatically open a trade because you are not up against a significant Fib level. That is not sufficient reason to enter a trade.

{quote} Perhaps I don't delve enough into journal logs etc to provide meaningful feedback but that's just the way I am

If you want to partake of the services that I offer, it is just simply not good enough to say that you couldn't be bothered to provide the information required in order for me to provide support. The logical conclusion to that is that you want something for free and that is your contribution. This forum is not for attention seekers.
  • #1,431
  • Edited 5:02pm May 29, 2015 4:52pm | Edited 5:02pm
Quoting demalichcha
{quote} Thanks for the advice. I will see..
Please disregard that advice.

The choice of higher leverage values makes an incorrect assumption that you will be more profitable. This is a real trap because spreads are still the same and in some cases higher because of the increased leverage therefore your entry and exit costs are higher. Similarly once you start getting outside the major pairs, spreads will increase. Look at any trade log and you will be surprised at the cost of trading and leverage is why there are so many Forex brokers. The cost of a 2 pip spread on entry to a trade at 400:1 v 50:1: is eight times greater. Look at the spreads on some of the non major pairs. A 5 pip spread means that if you are trading at 400:1 v 50:1 your entry cost goes to $20 v $2.50 on a $100 trade. That's how to fund a healthy lifestyle for a broker.

In summary your cost per trade increase with leverage and moving outside the major pairs.
  • #1,432
  • Edited 5:21pm May 29, 2015 4:57pm | Edited 5:21pm
Quoting Dave_C
{quote} Please disregard that advice. The choice of higher leverage values makes an incorrect assumption that you will be more profitable. This is a real trap because spreads are still the same and in some cases higher because of the increased leverage therefore your entry and exit costs are higher. Similarly once you start getting outside the major pairs, spreads will increase. Look at any trade log and you will be surprised at the cost of trading and leverage is why there are so many Forex brokers. In summary your cost per trade increase with...
Dave - give him all the facts. What happens if he stuck with 4 pairs which are in a loss when there is the lost opportunity of a possible good trade on the other pairs? With the actual opportunity of trading 14 pairs, he may actually just be profitable but you see he is now limited to 4 trades because his margin has been eaten up so he now has to either wait for more trades to go into profit enough to increase free margin or wait to be margin called as those trades may never become profitable. Meanwhile, there could have been another 10 opportunities available if he'd had more leverage available.
  • #1,433
  • May 29, 2015 5:05pm May 29, 2015 5:05pm
Quoting Dave_C
{quote} It's not that the EA will not trade, it will just automatically open a trade because you are not up against a significant Fib level. That is not sufficient reason to enter a trade. {quote} Perhaps I don't delve enough into journal logs etc to provide meaningful feedback but that's just the way I am If you want to partake of the services that I offer, it is just simply not good enough to say that you couldn't be bothered to provide the information required in order for me to provide support. The logical conclusion to that is that you want...
You are right. I should be able to provide more meaningful information but the reason I don't and never have is because its usually the case that once you simply say something isn't working as it should, the developer has already run off and fixed the bug or already knew about it or hadn't tested it yet. So I'd have wasted all that time digging through journal logs, digging out screen prints, marking the screen prints up with text to say what the problem is when all I simply had to say was what I did and that it looked wrong so that you then go back and check that it works as it should in the code and then come back here with absolute confidence that it works as it should.

Anyway, good luck with the rest of your development. I'll watch out for version update emails if you plan to send them to those of us that paid for the full version of the Strategy Optimizer.
  • #1,434
  • May 29, 2015 5:08pm May 29, 2015 5:08pm
I have noticed on my tablet device that the standard browser does not handle the embedded videos so here are the 4 hyperlinks for the videos

Introduction to Traders Gift EA
Introduction to Strategy Optimizer
Using Set Files
Working with Optimizations
  • #1,435
  • May 29, 2015 5:11pm May 29, 2015 5:11pm
Quoting demalichcha
{quote} Thanks for the advice. I will see..
Hi demalichca...you may need to be extremely cautious with increasing leverage.. i speak from experience..lets do some math..your average capital allocation per trade already is 180 dollars(900/5)..your capital is 1,000..your equity risk exposure per trade is 18%!(180/1000)..in forex if you were doing one or two trades at 18% AT A TIME thats permissible but 5 is leaning against the wind..you have two choices

a)keep allocation at 18% but do not HOLD more than two trades at a time..this also leaves your gunpowder dry for other outstanding opportunities(they are always there and do happen) and more importantly increases your survivability odds..longetivity rewards the trader in the final analysis.
OR
b)reduce your risk exposure from say 18% to 5% per tarde..you might end up having more than 5 trades but have spread your risk while still keeping some gunpowder still dry

In other words choose between CONCENTRATION vs DIVERSIFICATION but with the safe knowledge that you got some serious gunpowder to tide you over IRRESPECTIVE of whether or not its working in the short term in either case..

cheers
Carpe Diem
  • #1,436
  • May 29, 2015 5:14pm May 29, 2015 5:14pm
Quoting fxtrader08
{quote} You are right. I should be able to provide more meaningful information but the reason I don't and never have is because its usually the case that once you simply say something isn't working as it should, the developer has already run off and fixed the bug or already knew about it or hadn't tested it yet. So I'd have wasted all that time digging through journal logs, digging out screen prints, marking the screen prints up with text to say what the problem is when all I simply had to say was what I did and that it looked wrong so that you...
I think you'll find from my support on this thread that your reasoning for having the attitude that you have, is not a logical thought.

Everybody who has already updated to the Auto version will receive the web address of the downloadable monthly 168 EA's (12 x 14 pairs) together with the full list of Reference EA's on a monthly basis.
  • #1,437
  • May 29, 2015 5:37pm May 29, 2015 5:37pm
Quoting nkimandi
{quote} Hi demalichca...you may need to be extremely cautious with increasing leverage.. i speak from experience..lets do some math..your average capital allocation per trade already is 180 dollars(900/5)..your capital is 1,000..your equity risk exposure per trade is 18%!(180/1000)..in forex if you were doing one or two trades at 18% AT A TIME thats permissible but 5 is leaning against the wind..you have two choices a)keep allocation at 18% but do not HOLD more than two trades at a time..this also leaves your gunpowder dry for other outstanding...
Thank you. I know this EA has excellent money management maneuver in most cases and I got the benefit of that most of the time. But, I need to know whether, it is still vulnerable for some extreme cases and whether it is required to have manual intervention for some cases. And what kind of adjustment could be done within the settings of EA to avoid those worst effects. I don't blame for anything. I believe this EA has proven potential of pushing us to Forex winning 5%.
  • #1,438
  • May 29, 2015 5:45pm May 29, 2015 5:45pm
Quoting demalichcha
{quote} Thank you. I know this EA has excellent money management maneuver in most cases and I got the benefit of that most of the time. But, I need to know whether, it is still vulnerable for some extreme cases and whether it is required to have manual intervention for some cases. And what kind of adjustment could be done within the settings of EA to avoid those worst effects. I don't blame for anything. I believe this EA has proven potential of pushing us to Forex winning 5%.
One method I have considered is to introduce another variable which sets the upper limit for risk. You know that I have programmatically set 20%, but this figure could also be optimized if it was set as a variable.

Starting at .5% with a Stop Loss Multiplier of 1.5, there are 9 progressions to reach 10% equity as an example.
  • #1,439
  • May 29, 2015 5:52pm May 29, 2015 5:52pm
Quoting Dave_C
{quote} One method I have considered is to introduce another variable which sets the upper limit for risk. You know that I have programmatically set 20%, but this figure could also be optimized if it was set as a variable.
I think it is very good idea Dave. Because, it does not matter, whether I have $1000 in my account or someone has 1 million in account. My scenario is valid for the both accounts.
  • #1,440
  • May 29, 2015 5:53pm May 29, 2015 5:53pm
Quoting demalichcha
{quote} Thank you. I know this EA has excellent money management maneuver in most cases and I got the benefit of that most of the time. But, I need to know whether, it is still vulnerable for some extreme cases and whether it is required to have manual intervention for some cases. And what kind of adjustment could be done within the settings of EA to avoid those worst effects. I don't blame for anything. I believe this EA has proven potential of pushing us to Forex winning 5%.
Am getting your logic and the best way to answer it would be for you to pull up the Swiss franc(USDCHF) chart and scroll all the way to January 15th 2015..zoom in further to H1..now put your EA against it with your settings intact that you are using..would any EA have been able to save you the trader?what would have saved you?wouldnt it have been simulating or imagining a black swan event such as that beforehand?how would you have done it?..on that day no Stop loss could have saved you..no trailing SL..no exiting on opposite signal..nada!..

the only way you would have survived such an event was being anticipatory as you embedded the EA..how?...a)dont risk too much at a go..b)after doing a) put a trailing SL or hard SL ...c)hope your chosen broker guarantees against SL overruns(many didnt and many still dont)..d)choose your currency pairs carefully(in this case people were blind to the fact that this was a pegged currency)...in other words risk mitigation begins with you and not the EA..the EA is just your swiss army knife to actuate your trading goals and risk ethos as a subset and beforehand..

cheers
Carpe Diem
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