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My EA Gift to Traders

  • #1,461
  • Jun 1, 2015 1:06am Jun 1, 2015 1:06am
The MACD_Cdl strategy despite running for 14 weeks (including 4 weeks shutdown) continues to perform. From a starting balance of $10,000, it has grown to $32,000 This strategy is only trading the 7 Majors. Of note is the total commission and swap charges of $1415 which amounts to approx. 5% of profit. I will leave it running and full details of the strategy can be viewed at http://tradersgift.com/Established_Strategies.html

You will get a great deal of information by clicking on the chart and looking through the tabs on advanced statistics.
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  • #1,462
  • Jun 1, 2015 2:58am Jun 1, 2015 2:58am
Hi to all ,

After reading some comments on how CCI_Vol failed in the end of the month and read all the thoughts and propositions from some people and decided to give my point of view also.

Lets take the things from the very start as DAVE knows very well i have adviced that on regular basis you have to take some profits from your account as soon as we are talking about live trading , so in my opinion you should incorporate same behaviour on a demo. You don't just play with your demo as it is theory and turn to live and change some of your rules BECAUSE now it is live account.

When i say on regular basis i mean not days , not weeks , not months but according to your equity gains. So you may need once to take profits in two days and the second time in two months time is irrelevant for profit taking. So if we assume that it would have been live account and you had pulled every 5.000 profits on your equity lets say half then the drawdown would have been at least 30- 50 pecent less.

My second point is that in one month if you make consistent 40% on your acount you will be soon a Billionaire. So there is no magic filter to avoid drawdowns the only thing you can do is to reduce them. Dave had used once an expression "NEVER TRY TO BEAT THE HOUSE" and i really think that somehow changed my view on some thoughts about the whole concept. I really would recommende to listen to this words. Please consider that 40% on your capital is very big return even on an annual basis.

I really of course do believe that we can add some extra features that are related only to money managment and i have already proposed to Dave but i realize that this things don't happen instantly so lets wait for a while when he gets some time for some new considerations.

Wish you all the best to all of you.

Alex
  • #1,463
  • Jun 1, 2015 3:11am Jun 1, 2015 3:11am
Quoting Dave_C
The MACD_Cdl strategy despite running for 14 weeks (including 4 weeks shutdown) continues to perform. From a starting balance of $10,000, it has grown to $32,000 This strategy is only trading the 7 Majors. Of note is the total commission and swap charges of $1415 which amounts to approx. 5% of profit. I will leave it running and full details of the strategy can be viewed at http://tradersgift.com/Established_Strategies.html You will get a great deal of information by clicking on the chart and looking through the tabs on advanced statistics....
Hi, Dave,
The performance was just amazing. How frequently did you re-optimize the set file based on new data? Did you update the set file every month or every week ? Thanks.
  • #1,464
  • Jun 1, 2015 3:18am Jun 1, 2015 3:18am
Quoting mozhixing
{quote} Hi, Dave, The performance was just amazing. How frequently did you re-optimize the set file based on new data? Did you update the set file every month or every week ? Thanks.
Nothing changed. That EA was untouched and remains untouched!
  • #1,465
  • Jun 1, 2015 3:37am Jun 1, 2015 3:37am
Quoting Dave_C
{quote} Nothing changed. That EA was untouched and remains untouched!
But I remember in your opinion, you would only use the past three or four months data to optimize the set file, I suppose these set files for this strategy were optimized at least three months ago. Why you don't re-optimize when three months have already passed?
  • #1,466
  • Edited 12:25pm Jun 1, 2015 3:46am | Edited 12:25pm
Quoting mozhixing
{quote} But I remember in your opinion, you would only use the past three or four months data to optimize the set file, I suppose these set files for this strategy were optimized at least three months ago. Why you don't re-optimize when three months have already pasted?
The EA was reopened as an experiment to see whether it could continue to perform just as we have an experiment with CCI_Vol.

I'm hoping that when exactly the same strategy is started tomorrow as was posted today, it will highlight that timing is everything and that it is virtually impossible to match trades on anything that is not started simultaneously.
  • #1,467
  • Jun 1, 2015 4:31am Jun 1, 2015 4:31am
Quoting Dave_C
{quote} Very basic answer if you do your homework. This was discussed at length and I posted that re-opening the EA was an experiment just as we have an experiment with CCI_Vol. I really hope that when exactly the same strategy is started tomorrow as was posted today, some posters will realise that timing is everything and that it is virtually impossible to match trades on anything that is not started simultaneously.
Thanks. But I will try demo your MACD strategy by optimizing the past three months data and post the result.
  • #1,468
  • Jun 1, 2015 5:02am Jun 1, 2015 5:02am
I agree with Alex8585 about taking profits I was thinking kind of the same watching Dave's CCI + Vol I kept thinking I'd probably take profit at every $5,000 gain or something on that line. As I've said a few posts back for me it's all about paying myself back asap and working with the houses money at that point, you really can't lose doing it that way assuming you don't blow up before paying yourself back that is. Also just want to add I'm in no way down playing the 40% gain on mine. I reread what I wrote before and it did kind of sound like I might have been disappointed by my results, I was just pointing out that Dave's did much better.

I'm not going to reoptimize the CCI + Vol I'm using going to let it run more. I may reoptimize some of the pairs performing badly. I also have 3 other strategies running, I'll add them to my profile if they perform well.
  • #1,469
  • Jun 1, 2015 5:10am Jun 1, 2015 5:10am
Quoting Shawn29
I agree with Alex8585 about taking profits I was thinking kind of the same watching Dave's CCI + Vol I kept thinking I'd probably take profit at every $5,000 gain or something on that line. As I've said a few posts back for me it's all about paying myself back asap and working with the houses money at that point, you really can't lose doing it that way assuming you don't blow up before paying yourself back that is. Also just want to add I'm in no way down playing the 40% gain on mine. I reread what I wrote before and it did kind of sound like I...
Tomorrows CCI Vol will incorporate the Trailing Stop Loss on Equity which should address your concerns and I will post the the amended CloseTrades EA then.
  • #1,470
  • Jun 1, 2015 1:11pm Jun 1, 2015 1:11pm
Quoting mozhixing
{quote} Thanks. But I will try demo your MACD strategy by optimizing the past three months data and post the result.
I will post exactly the same as what you mention starting tomorrow. That will be an updated MACD Cdl Strategy optimized on the last 3 months and let it sit side by side with the original Strategy.
It will be accessible at http://tradersgift.com/Established_Strategies.html
  • #1,471
  • Jun 1, 2015 5:56pm Jun 1, 2015 5:56pm
I have enclosed the updated CloseTrades EA which is managing the 2 CCI_Vol strategies which I started today (Tue) Refer Post #1455

I have set the Loss Target at 5000 for the Strategy with 20% limit wager and 3000 for the Strategy with 10% limit wager.
Attached File(s)
File Type: ex4 CloseTrades.ex4   6 KB | 177 downloads
File Type: mq4 CloseTrades.mq4   2 KB | 194 downloads
  • #1,472
  • Jun 2, 2015 2:05am Jun 2, 2015 2:05am
Todays Discussion: Refer to Post #1457 for discussion on Lookback Bars and Timeframe

MACD - Moving Average Convergence/Divergence Oscillator
This indicator is created by subtracting a shorter EMA from a Longer EMA to form a MACD line. (commonly EMA 12 and EMA 26)
The values of this line are then averaged by an even shorter value to form a Signal line. (commonly EMA 9)
The difference between the values of the MACD line and the Signal line are normally displayed as a histogram.

When the short EMA crosses above the Long EMA the MACD has a value of 0 and this indicates buying pressure and reverse for selling pressure.

The signal line cross over of the MACD line is generally regarded as an earlier indicator of price movement and the histogram will be crossing the zero line at this point. Traders Gift uses the Signal Line cross down over the MACD Line as Buy signal and the reverse for a Sell signal. It is recommended that the Short, Long and Signal values all be optimized.

Like the RSI, divergence occurs when lines joining the troughs (rising) or peaks (falling) form an opposite indication to price movement and this is indicative of price reversal.
  • #1,473
  • Jun 2, 2015 8:48am Jun 2, 2015 8:48am
hello
I.m new user your EA and i've question, why my trading gift do nothing, no sell or buy for all days but its work on my mt4,, i use yyour newest preset
  • #1,474
  • Edited 5:26pm Jun 2, 2015 2:45pm | Edited 5:26pm
Quoting Marcion1899
hello I.m new user your EA and i've question, why my trading gift do nothing, no sell or buy for all days but its work on my mt4,, i use yyour newest preset
When you post with a problem it is important to provide as much detail as possible.

Here is a checklist-
1. Did you install the EA into the correct directory as per the PDF Help file.
2. Have you enabled expert advisors so you have the smiley face showing on the top RH corner of your chart.
3. Have you included a screen shot of the chart including the information panel on your post for assistance.
4. Have you uploaded the particular set file (you will need to rename it with an extension of txt. to upload it)
  • #1,475
  • Jun 2, 2015 3:39pm Jun 2, 2015 3:39pm
4 times YES

Everything like you wrote, and all day i'v been waiting for trade and nothing
  • #1,476
  • Edited 4:48pm Jun 2, 2015 4:19pm | Edited 4:48pm
Quoting Marcion1899
4 times YES Everything like you wrote, and all day i'v been waiting for trade and nothing
If you upload a screen shot (3) and a copy of your set file (4), I can assist you.
  • #1,477
  • Jun 2, 2015 6:21pm Jun 2, 2015 6:21pm
Hi, Dave,

In the EA, there is a trailing stop option, if I enable it, when it starts to trail and for how many pips? Thank you.
  • #1,478
  • Jun 2, 2015 7:05pm Jun 2, 2015 7:05pm
Quoting mozhixing
Hi, Dave, In the EA, there is a trailing stop option, if I enable it, when it starts to trail and for how many pips? Thank you.
When you make 5 pips (plus spread) profit and it trails to the BreakEven Setting and then again at even plus SL Value (See Post #1367)
  • #1,479
  • Jun 2, 2015 7:17pm Jun 2, 2015 7:17pm
Hi, Dave,

I just found that the EA seemed to miss a trade for usd/chf, in my chart, there should be a buy trade one hour ago, but the EA missed it. The MACD setting is 9,21,6.
Could you please double check? I only have one AUD/USD sell opening at the moment. Thank you.
  • #1,480
  • Jun 2, 2015 8:12pm Jun 2, 2015 8:12pm
Quoting mozhixing
Hi, Dave, I just found that the EA seemed to miss a trade for usd/chf, in my chart, there should be a buy trade one hour ago, but the EA missed it. The MACD setting is 9,21,6. Could you please double check? I only have one AUD/USD sell opening at the moment. Thank you.
9,21,6 crossing occurred 5 hours ago.
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