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Free EA - Piggy n The Middle

  • #821
  • May 20, 2016 9:17am May 20, 2016 9:17am
Quoting normtold
Hi Daniel and everyone else, Are you using the piggy EA live? I have been using the EA on demo for almost 2 weeks, trading GBP/USD and AUD/CAD with a 3K account. Grid distance 10 pips, buy/sell TP in pips 50. It has made over 400 in 9 trading days. I have to admit it would be scary on a live account. I would feel comfortable trading this live with a 10k account if I had that much. {image}
Interesting you ask this question as I was just having a discussion with one of my forex skype friends about it.

I am not trading the EA live at the moment because I am looking at profitability versus money that is tied up. At the moment I would personally only trade 0.01 lot for every £3500 in a trade account in a 200 pip grid environment and for me this is not good enough so I am looking at either improving this EA or am also in other projects.

I am not saying this EA cannot be profitable with less money but looking at 16 years backtest, there is always the odd year that produces big DD which I am not willing to take the same risk as others. I have lost too much money in the market that I am doing things the right way for once.

I don't want to scare anybody off but at least I am being truthful with sharing my thoughts rather than to lead people down the rabbit hole.

Daniel
  • #822
  • May 20, 2016 9:22am May 20, 2016 9:22am
Quoting jdva
{quote} Hi normtold, I don't want to make you unsure, but I would very, very hesitate to go live with such a TP/Grid ratio of 5 to 1. You have made 13% in 9 days, not bad, that would result to over 300% a year in longterm...realistic? I would say...not at all! Daniel has given us very good settings with TP/Grid ratio of about 1:2 which might possibly work in the mid/long run, if gridstep is not too low. Moreover one should adjust the EA settings to the volatility of the respective currency pairs. I'm planning to go live on a basket of 4 pairs and...
I think these are very fair comments. Also just to add, any EA that doesn't take any losses and just closes profits will be risky in the DD department. In real terms, how much money is one willing to tie up in losses? Personally, I can afford about £600 tied up but anything beyond £1000 would be scary in a live environment.
  • #823
  • May 20, 2016 9:26am May 20, 2016 9:26am
Quoting MoneyZilla
Dear KeyDuck, I just spot on, Missis Piggy (by now she is no longer a Miss) to be a range-based EA. Is this correct? I run it in a demo and very much like what I see. However, it looks to me, the EA experience some troubles while the pair is trending. The more it trends, the bigger the DD gets. Please confirm whether I am right or wrong about the trend problem. I have BT and I am done with this, so maybe you know better? Great EA Missis Piggy is otherwise! I think the retail traders need more range...
It's not as much a question about ranging and trending. The problem with the EAs performance is in a scenario that I like to call a "Trend No Return". As for most grid EAs it is always a case of PA not returning to price. Trend is no problem so long as retrace is significant enough afterwards but as said, about once a year, there is cases where there is trend and very little retrace which is where the risk lies.

You are wight in what you are saying for the most part.
  • #824
  • May 20, 2016 11:02am May 20, 2016 11:02am
Hi Daniel,

did you ever try USD/CNH as that is Controlled by the CentralBank ... I would say in a Grid (your round number) of 125. My backtest gave Data only from last year November, and run from 1200 to 1700 with an DD of 10 percent, maxDD 25% and 115 sell/buy Positions, which is at the limit I would say.

Maybe you have better backtest data ... I will try it next week with an other Broker.

Other questions ... do you think that your Piggy EA will run with other open Orders with different MagicNo?

Do Piggy run well in case of an Restart of the EA (for example, lost of InternetConnection).

Thanks for your answer and your good work
  • #825
  • May 20, 2016 4:37pm May 20, 2016 4:37pm
Quoting mojepole
{quote} Daniel and all. just wanted to share with You one indi which i found 2 days ago. This is used for Renko charts, but this is working also at online charts as well with TF 5M or higher. Please use and test it if You want, as i saw today two good arrows to trade with it. Signal arrows [ pur[le and blue ] stays after candle is closed, this is what i saw. regards mojepole {file} {image}


Hello,

Nice indicator.

Try to put togheter the Swing_ZZ.
Set the Swing_ZZ to 4 bars.


IF you have the zigzag at the same time of the arrow, it is a good point to entry.
Exit when the next zigzag appear..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 217 KB
Attached File(s)
File Type: mq4 Swing_ZZ.mq4   11 KB | 487 downloads
  • #826
  • May 20, 2016 5:05pm May 20, 2016 5:05pm
Quoting togerhard
Do Piggy run well in case of an Restart of the EA (for example, lost of InternetConnection). Thanks for your answer and your good work
I would like to ask this question too. I only trade London time and early NY time. (4am to 10 am NY time) If I close my pc and open it again in the next day, will it manage the open trades?
  • #827
  • May 20, 2016 5:43pm May 20, 2016 5:43pm
Quoting nhoelb
{quote} I would like to ask this question too. I only trade London time and early NY time. (4am to 10 am NY time) If I close my pc and open it again in the next day, will it manage the open trades?
I have the same question, the piggy can handle the open trades if we turn off the PC and turn on again?
  • #828
  • May 20, 2016 7:40pm May 20, 2016 7:40pm
Quoting Invermac
{quote} I have the same question, the piggy can handle the open trades if we turn off the PC and turn on again?
That's what I was referring to on my previous post #732. It does work indeed.

Cheers
  • #829
  • May 20, 2016 8:31pm May 20, 2016 8:31pm
Quoting TottiGoal
{quote} That's what I was referring to on my previous post #732. It does work indeed. Cheers
Very good, maybe someone can recode the EA to fix this, until this is better close the open positions each friday to avoid the weekends gaps and the open trades.
  • #830
  • May 21, 2016 2:45am May 21, 2016 2:45am
Quoting togerhard
Hi Daniel, did you ever try USD/CNH as that is Controlled by the CentralBank ... I would say in a Grid (your round number) of 125. My backtest gave Data only from last year November, and run from 1200 to 1700 with an DD of 10 percent, maxDD 25% and 115 sell/buy Positions, which is at the limit I would say. Maybe you have better backtest data ... I will try it next week with an other Broker. Other questions ... do you think that your Piggy EA will run with other open Orders with different MagicNo? Do Piggy run well in case of an Restart of the EA...
Yeah, I don't have a great deal of data for the USD/CNH from any of my broker platforms so for this reason I will not be exploring it much. I would like to see at least 5 years worth of data to consider anything and better if I can get 2000-Present.

As for internet connection loss, the EA should trigger back again on reconnection. I don't see issues with this. As far as the magic numbers, so long as you are using magic numbers that are different to each other, there should be no interference with orders to each other.
  • #831
  • May 21, 2016 2:46am May 21, 2016 2:46am
Quoting nhoelb
{quote} I would like to ask this question too. I only trade London time and early NY time. (4am to 10 am NY time) If I close my pc and open it again in the next day, will it manage the open trades?
from my testings -> yes will manage old open positions.
  • #832
  • May 21, 2016 2:47am May 21, 2016 2:47am
Quoting mojepole
{quote} Daniel and all. just wanted to share with You one indi which i found 2 days ago. This is used for Renko charts, but this is working also at online charts as well with TF 5M or higher. Please use and test it if You want, as i saw today two good arrows to trade with it. Signal arrows [ pur[le and blue ] stays after candle is closed, this is what i saw. regards mojepole {file} {image}
I would love to explore any indicators that people share with me but if it is not an mq4 file format, it will be useless for me unless I wanted to use it in manual trading. If you have an mq4 file, I am happy to explore and have a play with it.

Daniel
  • #833
  • May 21, 2016 2:49am May 21, 2016 2:49am
Quoting LuizSchiavi
{quote} Hello, Nice indicator. Try to put togheter the Swing_ZZ. Set the Swing_ZZ to 4 bars. IF you have the zigzag at the same time of the arrow, it is a good point to entry. Exit when the next zigzag appear.. {image} {file}
thank You very much.

will test it next week

All, enjoy the weekend !

PS. yesterday i closed Piggy earlier with 0,7% net profit. I had to went out and did not want to leave Piggy till closing the market.
  • #834
  • May 21, 2016 2:49am May 21, 2016 2:49am
Quoting nhoelb
{quote} I would like to ask this question too. I only trade London time and early NY time. (4am to 10 am NY time) If I close my pc and open it again in the next day, will it manage the open trades?
ANY EA will not manage trades while the PC is off or the internet connection is not present. Also, the MT4 needs to be turned on with the EA in a chart.
  • #835
  • May 21, 2016 5:19am May 21, 2016 5:19am
Quoting keydcuk
{quote} ANY EA will not manage trades while the PC is off or the internet connection is not present. Also, the MT4 needs to be turned on with the EA in a chart.
We all agree with that, the EA won't manage any trades while the PC/MT4 is off that's understood. However, if you turn the PC off at 10pm and on again at 10am the next day, the EA is still able to manage the trades from the previous session. I think that's not bad at all if you know what you are doing.

Cheers
  • #836
  • May 21, 2016 5:32am May 21, 2016 5:32am
Quoting TottiGoal
{quote} We all agree with that, the EA won't manage any trades while the PC/MT4 is off that's understood. However, if you turn the PC off at 10pm and on again at 10am the next day, the EA is still able to manage the trades from the previous session. I think that's not bad at all if you know what you are doing. Cheers
Yes, the EA can pick up where it left off but I'm not sure why one would attempt to trade like this. Having said that, if your grid size is 200 pips or so, it is less likely that it would make such a big move overnight. I don't recommend this at all but IF you are going to do this, bare in mind of the nightly news announcements just as BoJ news that normally happens around midnight GMT.

Daniel
  • #837
  • May 21, 2016 5:49am May 21, 2016 5:49am
Quoting keydcuk
{quote} Yes, the EA can pick up where it left off but I'm not sure why one would attempt to trade like this. Having said that, if your grid size is 200 pips or so, it is less likely that it would make such a big move overnight. I don't recommend this at all but IF you are going to do this, bare in mind of the nightly news announcements just as BoJ news that normally happens around midnight GMT. Daniel

it all depends where you live mate
  • #838
  • May 22, 2016 11:40am May 22, 2016 11:40am
Hi everyone,

How is everyone's testing going? Mines not working out.

What pairs & settings are working well for you all?

I've gone through a number of pairs and settings. I'm not getting good results from 2009 to 2012, 1013 - current, 2009 - current. And I'm pretty convinced we'll be all bashing our heads against the wall to find that sweetspot.

I also performed a strategy tester that took over 10 days to run with PC on 24/7, in the hopes I could share the tests. The only results that look good are if the TP is different for both longs and shorts. In order to get the numbers looking good, the TP settings need to both be of the same numbers so it renders a lot of the testing a waste of time. The only good note to come of the testing, you'll need at least $10,000 for 0.01 lots with returns up to 8% a year. Round Numbers of anything under 200 are not viable as too many trades will open. But If you're happy with approx 8% a year, stick with 200 round numbers, with 200 - 300 TP's at 0.01 lots.

What results have you guys got that worked?

Suggestions improve?

1. to incorporate a stop loss in trades that are just getting too big to handle

OR
2. I think it would be good to use Method 2... a complete rewrite of this one and model one after model 2 (link from first post here going to a YT video). That's what initially drew me into this thread after watching that youtube video. I think it would be interesting to see a working model of that?

You see, it makes sense in what the 2nd method did. I know this EA does something similar and was wondering why that route wasn't chosen, or if you've even attempting to give it a try?

Best Regards
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #839
  • May 22, 2016 2:07pm May 22, 2016 2:07pm
Quoting FXCyborg
Hi everyone, How is everyone's testing going? Mines not working out. What pairs & settings are working well for you all? I've gone through a number of pairs and settings. I'm not getting good results from 2009 to 2012, 1013 - current, 2009 - current. And I'm pretty convinced we'll be all bashing our heads against the wall to find that sweetspot. I also performed a strategy tester that took over 10 days to run with PC on 24/7, in the hopes I could share the tests. The only results that look good are if the TP is different for both longs and shorts....
I don't know what to say to these comments other than to say there are events that happen in years that hardly any EA will survive. The trading period of global recession and the year before and after are tough for any EA and I would even guess manual trading. You are nearly right but not quite. I would not go as far to say that you need $10,000 per 0.01 lot but I would say you need somewhere in the region of $5-6k.

However, if you think you are going to find something better in Remon's method and have someone program the method, this has already been done. Not only did Remon program his own EA and has been unsuccessful but also another programer built a version called APG 4.0 that nearly flawlessly did part 1 and 2 of method 1 and both these will yield similar results than Piggy n The Middle. In fact, it is not to boast but only stating a fact, Piggy n The Middle performs slightly better in backtesting that Remon's versions of EAs because I decided to eliminate all toxic trades as quick as possible rather than to only look at bottom losers and hope for positive retraces later.

At the end of the day, market conditions change and forex is always a risk. I have not yet found an EA I would put live money on, not even my own. But having said this, my risk appetite is much smaller than most I think because when I was trading manually and a full time trader as my only means of income, I almost lost my house and will never jeopardize and get into this kind of position again. And having said this, I think I am getting closer to developing and EA that I would put real money with, it is easier to judge these things when you do the work yourself then you know exactly what you are dealing with.

Daniel

Daniel
  • #840
  • May 23, 2016 7:29am May 23, 2016 7:29am
Quoting keydcuk
{quote} ANY EA will not manage trades while the PC is off or the internet connection is not present. Also, the MT4 needs to be turned on with the EA in a chart.
of course, that is correct, Daniel,... but the question was, whether Piggy EA does manage old positions further when PC was turned off and turned on again. This it does definitely!
But unfortunately, in my case the Tradeinfo indi lost all data from past week over the weekend. Is that normal or is there a speciel setting to maintain them?
Any help appreciated!

Happy trading, jdva
I never lose - either I win or I learn...
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