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UdineEA Official Thread

  • #441
  • Jun 15, 2015 9:47am Jun 15, 2015 9:47am
Hi Skyline,
Thanks a lot for your efforts. The EA is giving good results with 10 SL and 50 TP. I have 20 pip trailing, but the trailing option is working as "Break Even" instead of trailing the profit. I could be wrong. Can you please check? Thanks in advance.

Bluejack
  • #442
  • Jun 16, 2015 9:51am Jun 16, 2015 9:51am
Quoting bluejack
Hi Skyline, Thanks a lot for your efforts. The EA is giving good results with 10 SL and 50 TP. I have 20 pip trailing, but the trailing option is working as "Break Even" instead of trailing the profit. I could be wrong. Can you please check? Thanks in advance. Bluejack
Hi BlueJack,
trailing stop internal mechanism has been coded based on Wukar EA used in Udine's thread, so that when profit reach TrailingStop value (deafult 3.5 pips) then stoploss is set to breakeven.
Hope this answer your question.

Regards,
Skyline
  • #443
  • Jun 17, 2015 9:38am Jun 17, 2015 9:38am
Quoting skyline
{quote} Hi BlueJack, trailing stop internal mechanism has been coded based on Wukar EA used in Udine's thread, so that when profit reach TrailingStop value (deafult 3.5 pips) then stoploss is set to breakeven. Hope this answer your question. Regards, Skyline
Skyline,
Thank You.
  • #444
  • Jun 22, 2015 12:07am Jun 22, 2015 12:07am
Dear Skyline

Thank you very much for your effort and sharing the EA.
Your work is always appreciated.

Have good health to continue your work and giving us good Forex EA.

Thanks and Best regards,
  • #445
  • Jul 20, 2015 10:52am Jul 20, 2015 10:52am
Quoting bluejack
The EA is giving good results with 10 SL and 50 TP.
Hello BlueJack,
may I ask you what this means in numbers? Would you please enlighten me?
Thanks in advance and a lot of green pips
  • #446
  • Aug 22, 2015 2:40pm Aug 22, 2015 2:40pm
After six months of use in the demo it is clear that this EA as expected will never be profitable.
The situation, however, changes dramatically if EA had removed the TP by setting it to 0 (so that trades will never be closed in profit but only at B/E or they run undefinitely), completely changing the initial idea behind original Udine's trading system.
What I have infact carried out, on the basis of trades accounted in mt4 history tab, is to consider trades as it were taken with TP = 0 and SL = 10; in particular if a trade was closed at 5 pips in profit I considered it as if it had been closed at breakeven unless price never went to breakeven point (remember that Udine EA trail sl to be when 3,5 pips profit is reached for each order placed so at +5 pips we are sure sl is already at be).

The results of my experiment are quite interesting, I summarize them here:

[GBPJPY]
41 trades B / E
19 Loss trades (-190 pips)
1 Trade still running (around 680 pips profit floating)

[EURJPY]
56 trades B / E
26 Loss trades (-260 pips)
3 trades still running (around 2090 pips floating profit)

[GBPUSD]
50 trades B / E
13 Loss trades (-130 pips)
1 trade still running (around 790 pips profit floating)

[EURUSD]
62 trades B / E
18 Loss trades (-180 pips)
1 trade still running (around 240 pips profit floating)

where for each loss I considered 10 pips (SL = 10) and in total we would have:

Tot Lost pips: -580 (commission costs not accounted)
Tot Unrealized pips: +3560

so around +3000 pips (less commisson costs) of unrealized profit from trading this Udine EA by simply removing TP, with still 6 trades alive and running for further more higher potential profit. On other hand i see in my experiment that there was some trades which also went up in profit (> 500 pips) then went back to b/e so partial profit could also have taken for a much better final result.

Obviously, this approach involves the use of very tiny lot size otherwise drawdown could be too deep to be able to recover (absolutely too much high 4% per trade!! Maybe 0.5% per trade or a (low) fixed lot size is the best approach for this method.

And what about running trades ? They are not managed by Udine EA so it would be the trader to take care of them and eventually at some point close some of it to replenish balance and smooth equity curve (for more reference study deeply Millipede thread by Pipeasy)

All of this once again proves, if proof were needed again, that the approach to limit losses and let profits run is the way to go.

Greetings,
Skyline
  • #447
  • Aug 22, 2015 10:36pm Aug 22, 2015 10:36pm
Quoting skyline
After six months of use in the demo it is clear that this EA as expected will never be profitable. The situation, however, changes dramatically if EA had removed the TP by setting it to 0 (so that trades will never be closed in profit but only at B/E or they run undefinitely), completely changing the initial idea behind original Udine's trading system. What I have infact carried out, on the basis of trades accounted in mt4 history tab, is to consider trades as it were taken with TP = 0 and SL = 10; in particular if a trade was closed at 5 pips in...
Hi Skyline, great that you come back again!!
Not sure i have understand you correctly - so you adjusted your trades by assuming the TP =0 / SL = 10, and re-calculate the pips - it turns out TP=0 will give us about 3000 pips.
in this case, that will be a great news.

Also, btw, for your EA118, is there a way to backtest it - i am not able to because it tries to read the FF Cal news...

Appreciate your thoughts !
  • #448
  • Aug 23, 2015 3:13am Aug 23, 2015 3:13am
Quoting cjtylor
{quote} Hi Skyline, great that you come back again!! Not sure i have understand you correctly - so you adjusted your trades by assuming the TP =0 / SL = 10, and re-calculate the pips - it turns out TP=0 will give us about 3000 pips. in this case, that will be a great news. Also, btw, for your EA118, is there a way to backtest it - i am not able to because it tries to read the FF Cal news... Appreciate your thoughts !
Hi Cjtylor, yes that's exactly what I did, it's a sort of backtest on trades already closed just to see different scenario and different outcomes. It's an interesting try that every trader should do, go in history of you account and take note of all trades taken , you will find very few trades that never come back to open price nor touched stoploss running for hundred or more pips.
Of course this experiment should be tried in real live market to draw some conclusion, infact i'm planning to open a tiny live account to try out this variation of Udine EA trading with 0.01 lot using an ECN broker with low spread. Btw I'll attach a trade explorer of this new real live test as soon as it's ready.

Unfortunately UdineEA , as stated in 1st post here, cannot be backtested because news filter cannot be simulated , this is why I never trusted it since it was impossible for me to do a deep analysis on statistical behaviour.

Regards,
Skyline
  • #449
  • Aug 23, 2015 9:22am Aug 23, 2015 9:22am
Hi Skyline and All

I have just created FXCM-TE-Demo-Public with all default settings except TP:0 and RiskperTrade: 1% as Skyline mentioned earlier for TP.
Let's see how it performs

--AK--
Be Greedy
Dices Return This Week: na
  • #450
  • Aug 23, 2015 9:30am Aug 23, 2015 9:30am
Quoting AKCodingEye
Hi Skyline and All I have just created FXCM-TE-Demo-Public with all default settings except TP:0 and RiskperTrade: 1% as Skyline mentioned earlier for TP. Let's see how it performs --AK--
Hi AKCodingEye,
I've setup a real account using 0.01 lot (min lot size allowed in my account), I think 1% risk per trade could be too much to go through drawdown.
Btw you have to be very very patient to trade like this suffering B/E trades and losses trade after trade for prolonged period.
  • #451
  • Aug 23, 2015 11:24pm Aug 23, 2015 11:24pm
Quoting skyline
{quote} Hi AKCodingEye, I've setup a real account using 0.01 lot (min lot size allowed in my account), I think 1% risk per trade could be too much to go through drawdown. Btw you have to be very very patient to trade like this suffering B/E trades and losses trade after trade for prolonged period.
Hi Skyline,
do you have a trade explorer for this?

Also i have forward test-ed your ea previous but somehow it does not open an trade for a week - i am bit surprise.\
On avg, how many trades do it open in your case?

Green pips to you...!
  • #452
  • Edited 2:55am Aug 24, 2015 1:47am | Edited 2:55am
Quoting cjtylor
{quote} Hi Skyline, do you have a trade explorer for this? Also i have forward test-ed your ea previous but somehow it does not open an trade for a week - i am bit surprise.\ On avg, how many trades do it open in your case? Green pips to you...!
Yes i've just created trade explorer but yet no trade opened.

Trades opened per week are not so much due to a lot of filters , btw 2/3 trades/weeks for each pair in average should be opened by UdineEA
Please recheck if everything is set correctly in your platform.

Regards,
Skyline
  • #453
  • Aug 24, 2015 6:49am Aug 24, 2015 6:49am
Quoting skyline
{quote} Yes i've just created trade explorer but yet no trade opened. Trades opened per week are not so much due to a lot of filters , btw 2/3 trades/weeks for each pair in average should be opened by UdineEA Please recheck if everything is set correctly in your platform. Regards, Skyline
Hi Skyline,
it tried to open trades today but there is 2 error occured..
1. Pending order deleted because it's not triggered on M30 Candle --> i actually put EA on M30, do you know why this happend?

2. Set StopLoss Long Invalid trade parameter.
Could you help to see what i did wrong?
Green pips to you!
Attached Image (click to enlarge)
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  • #454
  • Aug 24, 2015 6:57am Aug 24, 2015 6:57am
Quoting cjtylor
{quote} Hi Skyline, it tried to open trades today but there is 2 error occured.. 1. Pending order deleted because it's not triggered on M30 Candle --> i actually put EA on M30, do you know why this happend? 2. Set StopLoss Long Invalid trade parameter. Could you help to see what i did wrong? Green pips to you! {image}

Hi Cjtylor,
first one is not an error , is simply a text log added by me to see when a pending order is deleted by EA since pending order was not triggered at the end of current M30 candle.
The other one seems to be some issue related to your broker maybe some issue on platform when trade was placed.

Cheers,
Skyline
  • #455
  • Sep 10, 2015 12:08pm Sep 10, 2015 12:08pm
Quoting skyline
{quote} Yes i've just created trade explorer but yet no trade opened. Trades opened per week are not so much due to a lot of filters , btw 2/3 trades/weeks for each pair in average should be opened by UdineEA Please recheck if everything is set correctly in your platform. Regards, Skyline
Hi skyline;

Good entry into EURJPY, patience is the key...

I have a few doubts about the expert;

Do you use the last V118?
A part of BE, TP and SL, the other parameters are default?
Thanks
  • #456
  • Sep 10, 2015 12:31pm Sep 10, 2015 12:31pm
Quoting chaveznqoos
{quote} Hi skyline; Good entry into EURJPY, patience is the key... I have a few doubts about the expert; Do you use the last V118? A part of BE, TP and SL, the other parameters are default? Thanks
Hi chavenznqoos,
yes i'm testing it latest v1.18 on demo account with default parameters.
But if you look at trade explorer is clear that this EA doesn't have any edge, it's very dangerous to be used in live trading account, so be very carefull.

Regards,
Skyline
  • #457
  • Sep 10, 2015 12:41pm Sep 10, 2015 12:41pm
Quoting skyline
{quote} Hi chavenznqoos, yes i'm testing it latest v1.18 on demo account with default parameters. But if you look at trade explorer is clear that this EA doesn't have any edge, it's very dangerous to be used in live trading account, so be very carefull. Regards, Skyline
But I mean your "Live Udine no TP".It is not based on your last change, with 0,001, SL = 20, BE = 5 and TP = 0?
Forgive my ignorance
  • #458
  • Edited 1:46pm Sep 10, 2015 1:21pm | Edited 1:46pm
Quoting chaveznqoos
{quote} But I mean your "Live Udine no TP".It is not based on your last change, with 0,001, SL = 20, BE = 5 and TP = 0? Forgive my ignorance
Ops sorry I've misunderstand your question, yes i'm using it with SL = 10 , BE 5 and TP = 0 , actually I have only one runner in EJ around 140 pips in profit But in the meantime there was a lot of trades closed at B/E or in loss , so it's still not in profit.

Regards,
Skyline
  • #459
  • Sep 17, 2015 1:26am Sep 17, 2015 1:26am
Quoting skyline
{quote} Ops sorry I've misunderstand your question, yes i'm using it with SL = 10 , BE 5 and TP = 0 , actually I have only one runner in EJ around 140 pips in profit But in the meantime there was a lot of trades closed at B/E or in loss , so it's still not in profit. Regards, Skyline
hi Skyline, time flies - one month now - how is your forward testing now?
  • #460
  • Sep 17, 2015 1:39am Sep 17, 2015 1:39am
Hi Cjtylor,
I've discontinued Demo Udine EA that you can see in Trade Explorer (will remove soon from there) since is it obvious that this EA is not profitable.
Speaking about the live account running without any TP set, actually I have only one position opened on EJ long @134.70 so around 180 pips right now in floating profit but a lot of other positions closed in loss or at B/E. There would need to catch some other big move so that equity will start to go in positive territory.
Numbers in my account :

Balance : -8.27%
Equity : +7.14%

Will attach soon a new Trade Explorer related to this live account !

Cheers,
Skyline
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