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Engulfer

  • #81
  • Oct 20, 2015 7:15am Oct 20, 2015 7:15am
Quoting abokwaik
{quote} Your welcome chucrut, During my back tests news were ignored. I will have to wait and see how it performs on red news in forward testing. Anyway with Reward to Risk of at least 2, I don't think that will be an issue. Remember also that I am not interfering with the EA whatsoever. All trades are opened by the EA and closed at either TP or SL determined by the EA. The last example was NSD/USD which almost reached TP three times in three days, and finally closed at SL today. The NZD trade cost me 1R = 1% as all other losing trades, However...
I think you should put distance between opening and closing prices of candles restrictions into account, you should add a trailing stop.
  • #82
  • Oct 20, 2015 7:19am Oct 20, 2015 7:19am
Quoting abokwaik
{quote} Your welcome chucrut, During my back tests news were ignored. I will have to wait and see how it performs on red news in forward testing. Anyway with Reward to Risk of at least 2, I don't think that will be an issue. Remember also that I am not interfering with the EA whatsoever. All trades are opened by the EA and closed at either TP or SL determined by the EA. The last example was NSD/USD which almost reached TP three times in three days, and finally closed at SL today. The NZD trade cost me 1R = 1% as all other losing trades, However...
I think you should put distance between opening and closing prices of candles restrictions into account, it should add a stop loss or profit on the mobile protection, that there are a lot of list found in the test from a profit a lot to later stop.I always used to do a single candle swallowed, the success rate is very high,
  • #83
  • Oct 20, 2015 7:28am Oct 20, 2015 7:28am
Quoting kaixinjili
{quote} I think you should put distance between opening and closing prices of candles restrictions into account, you should add a trailing stop.
Trailing stop point is clear, and already added to update list on post 1. Although I see the robot is doing well so far with out it.

but the first point regarding "candles restrictions" is un-clear to me

Can you elaborate more on that ?
No guts, no glory
  • #84
  • Oct 20, 2015 7:40am Oct 20, 2015 7:40am
Quoting abokwaik
{quote} Trailing stop point is clear, and already added to update list on post 1. Although I see the robot is doing well so far with out it. but the first point regarding "candles restrictions" is un-clear to me Can you elaborate more on that ?
Hi Khalil,
I'm following your great work!
According to my experience, a trailing stop often stops out very good trades before letting them to hit the target profit. This highly affect the performance of the strategy. However, I have noticed that moving the stop loss to breakeven when the trade is in half profit avoids a considerable number of trades to end with a loss.

Best,
Math
Trading is the hardest way to make easy money...
  • #85
  • Oct 20, 2015 7:50am Oct 20, 2015 7:50am
Quoting MathTrader7
{quote} Hi Khalil, I'm following your great work! According to my experience, a trailing stop often stops out very good trades before letting them to hit the target profit. This highly affect the performance of the strategy. However, I have noticed that moving the stop loss to breakeven when the trade is in half profit avoids a considerable number of trades to end with a loss. Best, Math
I agree

Break Even option added to list.
No guts, no glory
  • #86
  • Oct 20, 2015 10:28am Oct 20, 2015 10:28am
just passing by to say hi Good job Khalil habibi (y)
all the best i am watching to see the final results so i can suggest something as a filter that could predicting the right structure direction from the wrong one
lets just wait the forward test result

as i said before this is the strongest structure and this thing is promising indeed
Senior Trader Multi-Account Manager
  • #87
  • Oct 20, 2015 12:33pm Oct 20, 2015 12:33pm
Quoting abokwaik
EUR/USD is just an AMAZING Engulfer ! 4 trades = 4 wins in 4 days. What can I say .... Unbelievable {image}
Great...But, I'm trading this on my liveacc. with the same settings that you are using. No trades opened so far on EU?
  • #88
  • Oct 20, 2015 1:39pm Oct 20, 2015 1:39pm
Quoting bazze
{quote} Great...But, I'm trading this on my liveacc. with the same settings that you are using. No trades opened so far on EU?
Are you sure you are using the same settings as in post # 23. ?

2 more questions :

- what is your broker time ?
- does your expert jorunal show any errors ?
No guts, no glory
  • #89
  • Oct 20, 2015 2:41pm Oct 20, 2015 2:41pm
Quoting abokwaik
{quote} Are you sure you are using the same settings as in post # 23. ? 2 more questions : - what is your broker time ? - does your expert jorunal show any errors ?
I use the exact same settings like you...But, I wonder that I maybe have set the timesetting wrong, my broker GMT offset is 0? (Myself have GMT+1)
No errors in the log...
  • #90
  • Oct 20, 2015 3:08pm Oct 20, 2015 3:08pm
Quoting bazze
{quote} I use the exact same settings like you...But, I wonder that I maybe have set the timesetting wrong, my broker GMT offset is 0? (Myself have GMT+1) No errors in the log...
Your time settings should 6 to 16 (to match mine).Last 3 EUR trades were taken between 9 to 10 my timing (6 to 7) your timing.Only the first trade (Wednesday) was made afternoon but I think your EA was not yet started.
No guts, no glory
  • #91
  • Oct 20, 2015 3:39pm Oct 20, 2015 3:39pm
Quoting abokwaik
{quote} Your time settings should 6 to 16 (to match mine).Last 3 EUR trades were taken between 9 to 10 my timing (6 to 7) your timing.Only the first trade (Wednesday) was made afternoon but I think your EA was not yet started.
Thanks, will try this...
  • #92
  • Oct 20, 2015 8:35pm Oct 20, 2015 8:35pm
Quoting MathTrader7
{quote} Hi Khalil, I'm following your great work! According to my experience, a trailing stop often stops out very good trades before letting them to hit the target profit. This highly affect the performance of the strategy. However, I have noticed that moving the stop loss to breakeven when the trade is in half profit avoids a considerable number of trades to end with a loss. Best, Math
I can corroborate that. In my testing to date, Targets make more than Trailing Stops. BE also makes more than a simple stop.

Great work you are dong here. I will keep watching from the sideline.
What's it all about? It's all about money.
  • #93
  • Oct 20, 2015 9:24pm Oct 20, 2015 9:24pm
hey abokwaik

thanks for the EA, it has made a promising start on my Global Prime demo today. I just want some clarification on the time settings. is it broker time or local time? i am in uk currently GMT+1 but my broker is GMT+3. please advise, thanks
  • #94
  • Oct 20, 2015 11:24pm Oct 20, 2015 11:24pm
Hey abokwaik, nice EA mate .......subscribed
  • #95
  • Oct 21, 2015 12:07am Oct 21, 2015 12:07am
Quoting blamshakk
hey abokwaik thanks for the EA, it has made a promising start on my Global Prime demo today. I just want some clarification on the time settings. is it broker time or local time? i am in uk currently GMT+1 but my broker is GMT+3. please advise, thanks
For your case blamshakk, your broker time is equal to mine, so if you want to trade the European session you can set the time from 9 to 19.

Due to frequent questions regarding trade time filter, I have added a description on post # 1.
This will be the last response regarding the time filter.
No guts, no glory
  • #96
  • Oct 21, 2015 12:10am Oct 21, 2015 12:10am
subscribed,
will try with BE.

this strategy looks like turtle-ish...
  • #97
  • Oct 21, 2015 12:35am Oct 21, 2015 12:35am
Engulfer completed 4 days of trading on 6 majors, with acceptable results. (9% return and 3% max dd).
17 trades were taken, 9 winners and 8 losers. with Reward to Risk of 2 to 1.

Top performers were EURUSD and USDJPY
Worst performers were GBPUSD and NZDUSD

Attached Image (click to enlarge)
Click to Enlarge Name: eng_4d_1.PNG Size: 53 KB

Attached Image (click to enlarge)
Click to Enlarge Name: eng_4d_2.PNG Size: 31 KB


Pair Performance

Attached Image (click to enlarge)
Click to Enlarge Name: eng_performers_d4.PNG Size: 22 KB
No guts, no glory
  • #98
  • Oct 21, 2015 1:00am Oct 21, 2015 1:00am
Thanks for posting your system and EA, I'm forward testing on a small live account as per your set file and have it running on EUR/USD and USD/JPY.
  • #99
  • Oct 21, 2015 1:15am Oct 21, 2015 1:15am
Quoting Robasker
Thanks for posting your system and EA, I'm forward testing on a small live account as per your set file and have it running on EUR/USD and USD/JPY.
You're welcome Robasker,

Engulfer is only a 4-days baby, Its too early to trade it on a live account.
Please read the Risk Warning on post 1.

I wouldn't go live with a robot unless it shows consistency over at least 200 trades, with min draw down, and acceptable return.

All the best,

Khalil
No guts, no glory
  • #100
  • Oct 21, 2015 1:26am Oct 21, 2015 1:26am
Quoting abokwaik
{quote} You're welcome Robasker, Engulfer is only a 4-days baby, Its too early to trade it on a live account. Please read the Risk Warning on post 1. I wouldn't go live with a robot unless it shows consistency over at least 200 trades, with min draw down, and acceptable return. All the best, Khalil
It's all good bud, it's only a micro account.
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