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Another $100 Experiment

  • #21
  • May 22, 2015 8:16am May 22, 2015 8:16am
Ready for Next Week.

Back from holidays, while the EA did just well, it climbed and continues climbing as cruising speed is not yet reached.

This is the first time that all indicators are green but that's just a detail.

New all time high for All Time Return, Trades and Days Count. Let's hope it finishes next week in green and with that, the whole month of May.

Attached Image (click to enlarge)
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Simplicity is the Ultimate Sophistication.
  • #22
  • May 29, 2015 4:16pm May 29, 2015 4:16pm
I don’t know if you know the Murphy’s law stating that “if anything can go wrong, it will”

Well, that is what just happened today.

An unexpected event crashed my trading PC this morning and it was just OFF when I came back home this afternoon. While at work, I realized that something was going wrong (as I often verify that my EA trades correctly) when I saw that it wasn’t trading anymore.

That just ruined my day and the entire week in the process as the EA could not close its current cycle but I managed to take some trades manually following the EA's logic and finally got back some pips so the damage is limited.

Ready for a new day, new week, new month but now it’s time to profit from the weekend.

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Simplicity is the Ultimate Sophistication.
  • #23
  • May 29, 2015 9:16pm May 29, 2015 9:16pm
Its better to use VPS for EA isnt it.... though i never used VPS, btw why dont you share the EA we will try it for you as well... our all combined try out will give us better result.... dont you think?

& btw, which chart usually EA use? M1 or M5 or H4?
It is the dust where you came from & it is the dust where you shall return
  • #24
  • May 30, 2015 1:00am May 30, 2015 1:00am
Quoting infernal199
Its better to use VPS for EA isnt it.... though i never used VPS, btw why dont you share the EA we will try it for you as well... our all combined try out will give us better result.... dont you think? & btw, which chart usually EA use? M1 or M5 or H4?
I used a VPS in the past and it was a bad experience, vps restarting itself, no access, etc... certainly because it was a free one. No I use a tiny pc that I let run at home, it has limited ressources and its a bit old but I don't mind.

Sorry but I can't give the EA away by now.
Simplicity is the Ultimate Sophistication.
  • #25
  • May 30, 2015 3:22am May 30, 2015 3:22am
Quoting broketrader
{quote} I used a VPS in the past and it was a bad experience, vps restarting itself, no access, etc... certainly because it was a free one. No I use a tiny pc that I let run at home, it has limited ressources and its a bit old but I don't mind. Sorry but I can't give the EA away by now.
I used over 25+ EA last through 2months & all of them failed in the long run or too much slow to make significant return... & never will forget those "Martingale" EA!!! After some times they will flash your account!

So, my experience in EA is really bad & thats why wanted to see your EA

btw... you didnt answer my another ques: "How frequently your EA trade? & in which chart?"
It is the dust where you came from & it is the dust where you shall return
  • #26
  • Edited 12:52pm May 30, 2015 12:03pm | Edited 12:52pm
Quoting infernal199
{quote} I used over 25+ EA last through 2months & all of them failed in the long run or too much slow to make significant return... & never will forget those "Martingale" EA!!! After some times they will flash your account! So, my experience in EA is really bad & thats why wanted to see your EA btw... you didnt answer my another ques: "How frequently your EA trade? & in which chart?"
All martingale EAs fail sooner or later, either you live with that if your EA is capable of doubling or tripling the account quickly enough or you look for something else.

My Ea trades on the 1h chart and the frequency depends on the available signals. You can look in the explorer, some days it's 6 trades and some others the double.
Simplicity is the Ultimate Sophistication.
  • #27
  • Jun 4, 2015 8:59pm Jun 4, 2015 8:59pm
Very impressive results! Keep it up.

CB8-1.04 has lost pips overall but had huge growth.
CB8-1.05 is looking in better condition.
Interesting money management.

Looks like your ideas are evolving well.
Best of luck.
What's it all about? It's all about money.
  • #28
  • Jun 5, 2015 12:28am Jun 5, 2015 12:28am
Quoting Innate
Very impressive results! Keep it up. CB8-1.04 has lost pips overall but had huge growth. CB8-1.05 is looking in better condition. Interesting money management. Looks like your ideas are evolving well. Best of luck.
Thanks I will try...

Oh, there is no difference between 1.05 and 1.04 EAs, just some minor bug correction.
And the negative pips are in fact quite normal when you use a martingale as recovery system.
Simplicity is the Ultimate Sophistication.
  • #29
  • Edited 5:25pm Jun 5, 2015 3:54am | Edited 5:25pm
I'm done for the day and the week, and what a week it was !

Thanks to the Greek story, the euro had some good volatility and I witnessed my first super-trade. That one that doubled the account from 300+ to 600+ and this is encouraging because on my one year back-tests I have 2-3 of these super-trades but you know, I have low trust in the back-tests so it was really a good surprise to see this one live, and of course I'm very, very happy with it

Ok, back to normal. Although my account has got some colors, it's not time yet to declare victory or withdraw any dollar from it, hopefully, I don't need it anyway. Some hundreds of percentage points are good but the absolute dollar return is still very low.

At the same time I could again discover and correct a little bug in the EA but nothing critical so it's now at version 1.05 and I think that I'm now approaching the definitive version.

I still have in mind that the EA runs at full risk and that it could blow the account at any moment but I'm OK with that and remain away from any fear because I know that in that case I just have to restart again from scratch.

The good thing since this precise moment is that the account has more than the minimum balance, which is by the way $700, that means that from now on, the gains will compound and generate additional gains. This will dramatically accelerate the balance growth.

Its like passing the second gear...

My next goals are:

1) Terminate June with the account still alive, there are just 3 weeks left...
2) Have a 4 digits balance.

If all goes well, at the end of this month, I could have reached both.

Lets see, fingers crossed.

Have a nice weekend.

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Simplicity is the Ultimate Sophistication.
  • #30
  • Jun 5, 2015 5:31pm Jun 5, 2015 5:31pm
A new idea to improve this journal and terminate the week.

From now on, I will start logging what I will call the volatility agenda for the following week.

The idea behind this is to measure if the minimum programmed volatility was sufficient for the EA to trade correctly. This can be a good indicator for future use in the event of a crash because lack of volatility.

So here is next week's volatility agenda:

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I see, that there is not much activity until Thursday, It will be interesting to see how the EA navigates through the three first days of the coming week...
Simplicity is the Ultimate Sophistication.
  • #31
  • Jun 9, 2015 9:10am Jun 9, 2015 9:10am
I need some help with creating an EA that will enter a series of limit orders or stop orders (or both) around a price target based on multiple indicators from several (3) different time frames. Can you help me with this? I think you would love this for your one of your $100 experiments!
  • #32
  • Jun 9, 2015 10:14am Jun 9, 2015 10:14am
Quoting mindyyost
I need some help with creating an EA that will enter a series of limit orders or stop orders (or both) around a price target based on multiple indicators from several (3) different time frames. Can you help me with this? I think you would love this for your one of your $100 experiments!
Would you keep that EA private or would it be public ? because in that case I would like to redirect you to this thread rather than discussing it in this journal.
Simplicity is the Ultimate Sophistication.
  • #33
  • Jun 9, 2015 10:22am Jun 9, 2015 10:22am
I would be willing to go either way. I don't mind making it public.
  • #34
  • Jun 9, 2015 10:30am Jun 9, 2015 10:30am
Quoting mindyyost
I would be willing to go either way. I don't mind making it public.
Ok, so if you don't mind post your requirements in the other thread and we will go for it in the same manner I wrote the last EA on that thread, this is my requirement.
Simplicity is the Ultimate Sophistication.
  • #35
  • Jun 9, 2015 10:33am Jun 9, 2015 10:33am
ok
  • #36
  • Jun 10, 2015 11:03am Jun 10, 2015 11:03am
Ouch!

Instead of terminating the month with 4 digits account, well, I will terminate it with 1

The point of rupture was that trade that terminated with a 120 pip loss! I saw it and asked myself if I shouldn’t intervene to stop the EA and start fresh the day after.

After the fact it’s clear that I should have done so but I have as a rule to let the EA do everything by itself. So that’s the next feature that I will have to code in it. As this single event came after a month and a half of trading, I have to accept to take the loss and come back the day after, but this still needs to be confirmed with the back-tests.

I will have to wait the end of the week to test this new feature with today's data, so next tentative will start next Monday.

At least, I have now what is my absolute record to beat: 256 trades, 44 days and maximum balance of $857.

Sorry to see you go, tentative no 3.
RIP

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Looking forward to start Tentative no 4.
Simplicity is the Ultimate Sophistication.
  • #37
  • Jun 11, 2015 2:58am Jun 11, 2015 2:58am
Quoting broketrader
Ouch! Instead of terminating the month with 4 digits account, well, I will terminate it with 1 The point of rupture was that trade that terminated with a 120 pip loss! I saw it and asked myself if I shouldnt intervene to stop the EA and start fresh the day after. After the fact its clear that I should have done so but I have as a rule to let the EA do everything by itself. So thats the next feature that I will have to code in it. As this single event came after a month and a half of trading, I have to accept to take the loss and come back the day...
.

I am sorry it worked out like this Bruv.... I have had some tremendous and incredulous smiles at how well it was doing.

"Less is more".... sometimes

I think Instaforex offer a 1 cent per pip account and maybe the same philosophy would enable 100% growth vs. 1000% growth but in a more secure environment.
  • #38
  • Jun 11, 2015 4:06am Jun 11, 2015 4:06am
Quoting Forex Magic
{quote} . I am sorry it worked out like this Bruv.... I have had some tremendous and incredulous smiles at how well it was doing. "Less is more".... sometimes I think Instaforex offer a 1 cent per pip account and maybe the same philosophy would enable 100% growth vs. 1000% growth but in a more secure environment.
Hi Magic !

No worries, as I said in a previous post, I know that it could turn like that at any moment.

The good thing is that I have already corrected the issue without damaging the profitability, so next week I'm back with a better EA.
Simplicity is the Ultimate Sophistication.
  • #39
  • Jun 11, 2015 7:26am Jun 11, 2015 7:26am
Quoting broketrader
{quote} Hi Magic ! No worries, as I said in a previous post, I know that it could turn like that at any moment. The good thing is that I have already corrected the issue without damaging the profitability, so next week I'm back with a better EA.


Good Luck BT!

~ David
  • #40
  • Jun 29, 2015 7:22am Jun 29, 2015 7:22am
Quoting Forex Magic
{quote}I think Instaforex offer a 1 cent per pip account and maybe the same philosophy would enable 100% growth vs. 1000% growth but in a more secure environment.
Your suggestion went around in my head and remembered me that my broker also offers those cent accounts.
So I'm giving it a try but with different EA parameters and capitalization.

This could even be a turning point, we will see.

The account is running since one week with good results but for the time being I have decided to keep the explorer private and not post until the day I beat my previous score.

Sometimes I'm so focused in perfecting my code that I forget that other paths are there to be explored as well.

Thank you David for illuminating me with your post !
/BT
Simplicity is the Ultimate Sophistication.
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