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TREND Following BASKET with Advanced Money Management

  • #61
  • Jan 14, 2016 9:41am Jan 14, 2016 9:41am
Quoting Aromos
{quote} eatrade, my cci has not been smooth, how is your experience?
Use it 24 Hours now, 2 Looser , 1 small Profit. Must wait some Days. Weekend i install all EAs on other Laptop and let it run. ( Demo) hehe...
  • #62
  • Jan 14, 2016 5:30pm Jan 14, 2016 5:30pm
Quoting Aromos
{quote} Dave, thank you for the clarification. I adjusted Base Currency is coded to 0 in the Non lag dot EA, is this the reason why I am getting a huge lot size on the USDJPY? What should I adjust in the EA?
A small stop loss or the process of a betting progression sequence can both cause large lot sizes. Please read the Help Guide carefully regarding Lot Size, Stop Loss and Stop Loss Multiplier.
  • #63
  • Jan 15, 2016 9:59am Jan 15, 2016 9:59am
Dave, can I ask you to give your personal opinion about the success of the system using the 5 indicators, which one will be the best and which the worst using the following inindicators as in your set files: BB; CCI; EMA; MACD or RSI. It is of cause just an opinion, thanks!
  • #64
  • Edited 10:55am Jan 15, 2016 10:27am | Edited 10:55am
Quoting Dkmillion
Dave, can I ask you to give your personal opinion about the success of the system using the 5 indicators, which one will be the best and which the worst using the following inindicators as in your set files: BB; CCI; EMA; MACD or RSI. It is of cause just an opinion, thanks!
​At the moment RSI is best and BB appears to be the least favourable on 1 hourly.

The degree of volatility in the market presently will cause trades to be protected more often by trailing stop losses.
  • #65
  • Jan 15, 2016 10:40am Jan 15, 2016 10:40am
Thanks Chris, I am running all of them will see which are best.
  • #66
  • Jan 15, 2016 10:49am Jan 15, 2016 10:49am
I have found the EMA to be pretty good however I have just started playing with the RSI myself and the back testing was extremely good! 👍
  • #67
  • Jan 18, 2016 12:59pm Jan 18, 2016 12:59pm
Quoting rabbit68
{quote} Dave,,many thanks for your generosity. CCI test on EU and NU 4/4 profitable trades ( so far...) cheers
Hi Rabbit,

How are you getting on with CCI? I am currently testing RSI and EMA, EMA did well last week but today not so great but all in all very good.

Thank you
  • #68
  • Jan 18, 2016 7:52pm Jan 18, 2016 7:52pm
Hi,
Monday no trades by any of EA. As such Monday is not good to trade so its very safe EAs.
  • #69
  • Jan 22, 2016 1:57am Jan 22, 2016 1:57am
Dave,

Thank you for the EAs.
I have a question on how to optimize the settings.
It seems very time consuming to optimize. what steps do you take to optimize?

J
  • #70
  • Edited 3:27pm Jan 25, 2016 2:57pm | Edited 3:27pm
Quoting Jhfx
Dave, Thank you for the EAs. I have a question on how to optimize the settings. It seems very time consuming to optimize. what steps do you take to optimize? J
​Please look at this link. Keep your step values relatively high on your initial explorations to reduce the time factor and then reduce your steps when you determine the effective ranges. As an example - initially use a range of 50 to 90 with a step of 10 when testing the RSI high level cross. If 70 comes up as best figure, then test 65 to 75 step 5 and so on. Remember if there are 6 variables with 10 steps each, the number of potential iterations is 10 x 10 x 10 x 10 x 10 x 10 = 1 million.

I suggest you only backtest over the previous 3 months because the relevance of current market behaviour is so important.

Even though for example you are using a 60 minute chart for entries, the backtests will ultimately have to be performed of the shortest time available (normally 1 min) because the exits will be in realtime.
  • #71
  • Jan 26, 2016 1:02am Jan 26, 2016 1:02am
Quoting Dave_C
{quote} ​Please look at this link. Keep your step values relatively high on your initial explorations to reduce the time factor and then reduce your steps when you determine the effective ranges. As an example - initially use a range of 50 to 90 with a step of 10 when testing the RSI high level cross. If 70 comes up as best figure, then test 65 to 75 step 5 and so on. Remember if there are 6 variables with 10 steps each, the number of potential iterations is 10 x 10...
Great thank you so much.

Are you planning to make mq4 into mq5 in the future?
Since mq4 only uses single core, it really is slow to optimize.

J
  • #72
  • Jan 26, 2016 11:27am Jan 26, 2016 11:27am
Quoting Jhfx
{quote} Great thank you so much. Are you planning to make mq4 into mq5 in the future? Since mq4 only uses single core, it really is slow to optimize. J
​I have no plans for mq5 because there is little interest.
  • #73
  • Jan 26, 2016 11:50am Jan 26, 2016 11:50am
Quoting Dave_C
​Please click on my name if you think my concept is too simple. I have been around for a long time and I understand complexity. This is KISS and you need to be totally aware about money management rather than fancy combinations of indicators.
Hello friend,

Did you worked EA to SMA cross RSI or same things ?
Working,to be the best !
  • #74
  • Jan 27, 2016 11:50am Jan 27, 2016 11:50am
Quoting Saygin-TR
{quote} Hello friend, Did you worked EA to SMA cross RSI or same things ?
​There is no combination of indicators.

The indicators presented are well recognized and do not need to be combined and unfortunately few understand that indicators only show past behaviour. It is how you manage your money that has the greatest effect on your trading.
  • #75
  • Jan 28, 2016 11:19pm Jan 28, 2016 11:19pm
Hi Dave

First of all thanks for sending the tool.

I am a newbie in forex. What files shoud I have to install in MT4 in order to have your system working? Is it necessary to install the indicators such as MACD or CCI? (Here I mean without installing the indicators does the system works?)
To be honest I just would like to install the minimum features for having the basket working.

Thanks in advance.

Ricardo
  • #76
  • Jan 31, 2016 2:09pm Jan 31, 2016 2:09pm
Quoting Ricardal
Hi Dave First of all thanks for sending the tool. I am a newbie in forex. What files shoud I have to install in MT4 in order to have your system working? Is it necessary to install the indicators such as MACD or CCI? (Here I mean without installing the indicators does the system works?) To be honest I just would like to install the minimum features for having the basket working. Thanks in advance. Ricardo
​You just need to install the particular EA and use a different Magic Number on each chart.

I suspect your knowledge may not quite be up to the level of using EA's so I would suggest some more general education.
  • #77
  • Feb 3, 2016 6:13pm Feb 3, 2016 6:13pm
Hi Dave,
I am testing your Trend flower EAs since last three weeks but it has not taken any trade since last two weeks. I checked expert log and journal any did not see any adverse comment. Please advise.
  • #78
  • Feb 3, 2016 10:23pm Feb 3, 2016 10:23pm
Quoting radadiya
Hi Dave, I am testing your Trend flower EAs since last three weeks but it has not taken any trade since last two weeks. I checked expert log and journal any did not see any adverse comment. Please advise.
​Place the relevant Indicator with the same settings as your input to determine whether any triggers have occured.

It sounds as though your settings may be incorrect. Make sure you have expert indicators enabled in your settings. If none of the above helps, post your chart with the attached EA and relevant indicator and a copy of your .set file (will need to be renamed to .txt in order to upload)
  • #79
  • Edited 11:28am Feb 5, 2016 8:59am | Edited 11:28am
hi,the EA is too slowly,no trade in a day ,why do not give the setfile on the M1 or M5,maybe M15.
  • #80
  • Feb 5, 2016 4:25pm Feb 5, 2016 4:25pm
Quoting wanghaiyang
hi,the EA is too slowly,no trade in a day ,why do not give the setfile on the M1 or M5,maybe M15.
​You can use the EA's on any timeframe using your own inputs.

I would suggest backtesting on the last 3 months data for indicative values.
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