Entophy(ish) Automated

Everything in this thread will be related to a loosely defined trading system by member Fxentrophy for working on the H4 charts as shown in the picture.

This is not a system I use, nor have I tested for optimization, merely a tool that can be applied to take trades in trend on whatever time frame applied.

Trend as shown by the use of the TMA slope is NOT in play, but still added to the template for comparison. This is a crazy indicator that kicks your resources in the nuts to horribly repaint. I was not able to get this to testing stages by any public version available without crashing my platform or PC.

This is not a martingale nor cost average nor single trade system, it has the potential to be all of them, by your decision. Read the instructions provided and set the EA to trade as you see fit.

I don't plan on making any changes to this EA, with the possible exception of extending the trial period which will expire on November 15, 2015.

If you don't like the idea, don't use it. My feelings will not be hurt.
If you can't figure it out, ask in thread.

Keep out of my PM box, I will not be of assistance through private messages or emails.

The source code is not provided and won't be, don't bother asking!

Every piece of code I have published has been for FREE or for Charitable donation, but do not use this as a sign that I am willing to be at your beckon call. I am not a coder for hire, this is simply a hobby and with my time being value-able to me, I will choose the projects I work on and for the most part, they are not based on ideas from any other member, trader or public forum.

Forward Testing Accounts:
Pitcher

Tips for working with a Momo Trader.

Pick Your Session!!
Though the idea of this EA was written around an H4 chart, it can be worked very effectively on the shorter timeframes as an entry EA, but should be worked in the proper session.
ie - If you are working with GBPUSD, you don't want to watch for Momentum in the Trend direction off session, you want to wait until London has opened up the market. This on an M5 will help find you entries as price shoots in direction of the trend and with the use of the Dynamic Exit and Stop Loss, will keep you out of the shit if market changes.

Maximizing the Profit!!
When working with Automated Triggers, it is easy to heavily rely on their performance as based on BackTesting. Don't fall into this trap. Every session and Every pair has their own identity so set and forget is only going to cost you money. Use this as a trigger entry only, use the cost averaging with discretion, set the TP to a value that is un-achievable and manually escape your trades based on your own familiarity with the charts. REMEMBER TO SHUT OFF THE EA when you are manually closing, otherwise it may enter into new trades as you are closing others in profit!

Trending Pairs!!
Pairs that play in tight ranges will hand your ass to you. Tight ranges with spread/commissions/roll over fees can make a profitable exit impossible if not just improbable. Don't trade tight ranged pairs, pick the pairs that run hard and fast!! USDCAD - NO! EURGBP - NO! GBPJPY - YES!!

As a Scalper!!
When working with a faster time frame, take the day into consideration when working with the idea.
If you want to trade on an M5 chart, do the same moving averages for trend make sense? Maybe...but don't let that stop you from experimenting.

As an example...
There are 1440 Minutes in a day and 1440 M5 candles on a True Retail market week.
1440/5M=288.
Want to keep in trend for the day?
Set
MA2=288
MA3=1440

From there, if you have an understanding of the CCI indicator, set your MA1=14, as this for your beltline will take a trigger when price starts driving in favor of the trend by a very loose comprehension of the CCI. CCI14 is a very standard setting and though the moving averages in the EA are Exponential, it gives a fairly reasonable idea of triggering in direction with momentum as taken by the immediate/daily trend set by the Trend Moving Averages.

Chart Range!!
IF the pair you are monitoring has moved greatly out of it's standard daily range, there is a very good possibility of a retrace. In these events, like you would with a manual logic or discretion, shut it down and sit on your hands until the next trailing day or until you believe that the retrace will now allow for a greater chance of success.

WHIPSAWS!!
NFP and other such events will create market whipsaws. Price will spike in and out of trend rapidly and in the case of a trend/momentum robot with a backdoor on loss, this could very easily get you hammered into a lot of shitty positions with a lot of rapid fire losses. Don't be an idiot. If you want to gamble, go buy a scratch ticket and save your trade account for another day. Sit these out and you will be infinitely happier!

Directional Bias!!
If you have a directional bias based on your fundamentals, set the EA to trade either "Long only" or "Short only" in the Common Tab. This will limit the EA in taking positions, "You knew were wrong"!!


Every tool provided is only as good as the hands it is put in.
Educate yourself in market and use your experience to guide this tool.
Don't limit your earning potential by not exercising perspective.

kewl

Yo Magix..

Brothers Thodie, BlueJack!

Always nice to see a familiar face.

For Shitz n Gigglez,

I have done a few mods to the 34 Beltline (Entrophy) concept and dropped a second EA on to the first post.

MyENT.

Because this is how I do shit!

I know there's a lot of you backtesting junkies that are frothing at the mouth for something that looks interesting and profitable to play with...Well, all I got to say, drop that monkey fighter on to a chart and watch it purr!

M1 or M5, you pick.

Change the settings or leave at default...it should still be fun!

EXPIRES on October 3, 2015.

Please do not leave any open trades unattended after this day.

One noted change to default set...

Set SL to 10000.

Basically, just disable the fucker.

Hi Magix, thank you so much!

I'm Learning here... -

Have a great day!

Good Luck with the new thread Magix!

4x

MyENT, FAQs

1. How does the trail stop work?

The trailstop will only kick in if the trailstp_std is set greater than 5. If it is set to 0 or less than 5, it will not engage. After that, the trail stop is looking for the minimum number you set as a Dollar Value in the Start_Trail option.

If profit is in excess of this value, the trail will start to follow for the amount of pips you have set.

IE, if you have a $2 value, and the combined total of all trades is greater than $2, trail stop kicks in and starts following. If price falls to the trail line, all trades in profit will be closed, meaning that some trades may close, but not necessarily all of them.

2. Why does the EA close some trades at tp_in_money and others not?

If there is a trend change, the logic of the EA is to get out of the negative positions with a minimum forced profit if the tp_in_money, where as if the trend continues, it will try and grab the tp_in_money as the bare ass minimum. Really, it is trying to extend the range of play by following momentum, even though this range may be shallow.

3. Why is the MACD on the template?

The MACD is just a visual representation of the Moving Averages in trend. We are not trading a Moving Average Cross EA, we are looking for it to define the trend and take triggers accordingly. If the Histogram is below zero, you can see that visually, we are looking to take short trades.

4. Why doesn't the EA take additional trades at the range?

The EA is a Trigger on Grid. It is filtered by both time, a minimum range as well as a trigger. All criteria must be met in order to have the cost averaging kick in.
Time_Delay - Shouldn't be set any lower than the period you are trading. This is in seconds, so take the time frame that you have applied the EA to, and multiply that by 60.
Range - The absolute minimum space between trades. This works fairly well under normal conditions and with most brokers, however, if there is a delay in the trade, a fill might occur inside of this range as market fills at broker price and once an order is accepted, it cannot be undone because you never got the price you wanted.

There is a single criteria that needs to be met in order for the primary trade to take place. After that, the EA will continue to cost average until the minimum profit is met if the trend changes, or until the minimum profit is met and an exit trigger has been met. This is only changed if you have a value greater than five set to the trailstop_std.

Picked up a random time period for testing EU 2003-2007 M1. Ran EA with your settings - it's a steady LOSER. You curve-fitted this. In order for an ATS to be considered profitable it must be a winner for at least 10 years back in time. I don't mean to bash you.

Oh, and always use high-quality tick data for M1 backtesting. I used data with 99.9% modeling quality. NEVER use the MetaQuotes feed. It's garbage.

lol

You are comparing the quality of backtests on what has admittedly not been optimized.



I'm not even sure which EA you have your "Quality Backtests", run on.

In any case.

The triggering and trend definition on MyENT is a little different than what I currently have in test on a Correlation EA and has been testing live for the last couple weeks. I found a little something interesting when I started playing with the ideas put by Fxenthropy and decided to partially incorporate the ideas into my core bot and released the unfiltered for others to test.

Live stats tested for 2 weeks, 6 pairs consecutive.

It would seem that the quality of your backtests is equal to the quality of your contributions.

Magix, thank you very much for letting us try out this EA's....But, after Oct. 3 will it then be taken off "the market" for good?

​​Magix, thank you very much for letting us try out this EA's​

If we make it through these next couple of weeks, there will most likely be some modifications that can be done for optimization.

I will be running a private version of MyENT over the next couple of weeks to compare it's success/failures against a couple of other private stock EAs and will hopefully be able to lean on a few FF testers for some data as well. The weight of Meta4 has gotten so that I have had to drastically cut back on the number of accounts I can test making it ever more so imperative that I do gleen a little info from the crowd.

Plus, with Christmas coming up and me falling down a little on my Charity projects, if there's enough interest, might be a good time to run for another push.

Let's see how we make out with the week and let that decide where we go from here.

Thanks for the participation bazze.

I am very limited without the helping hands of a few good folk like yourself.

I don't now if I'm so good, but I will try to help you out with some testing...Starting with 6 pairs; EU, GU, EA, AU, UJ, UCad...If you want me to try out other pairs, just say so...

Welcome to the factory, v2.

Always nice to have a few extra friends to help keep the momentum.

Seems as good of start as any.

UCAD might be a great pair with the relatively limited range.

The others should offer enough range to get a handle.

All good on those ones.

The Cross Corelation version of MyENT has been added to the thread.
tp_in_money=1
sl=1000
trailstp_std=0
All else is default.

Trading - EURUSD, EURAUD, EURJPY, GBPUSD, GBPAUD, GBPJPY

If you are testing, please post a link to your explorer or myfxbook link.

The more, the Merrier!