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EA required using Livelli indicator made 600 pips

  • #321
  • Jun 6, 2016 8:42am Jun 6, 2016 8:42am
Quoting FX-Flux
{quote} Do you stick with the original idea of a fixed stop loss of 30pips and trailing stop of 20?
overal SL=50;TrailSL=30;Breakeven=20;Breakeven=5.

I am still quite new to this kind of backtesting thats why i said "i hope i am not getting my setting wrong" and i am worry about the too good results too.
It seems too good to be truth.

I did some run on optimisation also. Haven sort out and review the results.

Maybe you can guide me on what suppose to do to get accurate results? I know every tick is most precise but thats like soooooooo long.
  • #322
  • Jun 6, 2016 8:46am Jun 6, 2016 8:46am
Quoting raylin
{quote} Once the new version comes out there will be no need for stop losses or break even My idea is to just have a hard stop of say 100 or even 50 but the main stop would be the reverse crossover of the 20 and 5 emas Waiting patiently for the programmer to incorporate the changes
do you meant you will remove the current feature? Please dont. Keep whatever we have and only add new features.
Please make the MA period setting variable.

Is it possible to have the EA to trade slightly different strategy than the current breakout? Say the EA trade buy on dip and sell on rally but with trend direction of say EMA5 >EMA20. or maybe the reverse EA can modify for this with direction of trend.
Your livelli indicator looks so good on such setup also.
  • #323
  • Jun 6, 2016 9:01am Jun 6, 2016 9:01am
Quoting FX-Flux
{quote} Have you tried to test it with ticks? if you use control points for testing a 1H time frame you may not have the granular resolution of 1M bars to test if your stop loss/ take profit was hit early.
Results for each tick precise method. I wonder why my modelling quality is always N/A. I kinda doubt my own backtest results.
Please advice
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  • #324
  • Jun 6, 2016 9:09am Jun 6, 2016 9:09am
Quoting vin86
{quote} overal SL=50;TrailSL=30;Breakeven=20;Breakeven=5. I am still quite new to this kind of backtesting thats why i said "i hope i am not getting my setting wrong" and i am worry about the too good results too. It seems too good to be truth. I did some run on optimisation also. Haven sort out and review the results. Maybe you can guide me on what suppose to do to get accurate results? I know every tick is most precise but thats like soooooooo long.
Advice I've been given on backtesting is not to over optimise. Optimise on 75% of your relevant data (maybe 2010 onwards?) and then see how it holds up on the remaining 25% (2015-today?). The quickest way to backtest is to program the 1H timeframe into the code and select 1M control points on your strategy tester.
So many in the Commercial section want to make me rich! :o
  • #325
  • Jun 6, 2016 9:14am Jun 6, 2016 9:14am
Quoting FX-Flux
{quote} Advice I've been given on backtesting is not to over optimise. Optimise on 75% of your relevant data (maybe 2010 onwards?) and then see how it holds up on the remaining 25% (2015-today?). The quickest way to backtest is to program the 1H timeframe into the code and select 1M control points on your strategy tester.
very logic and good advice.!!
  • #326
  • Jun 6, 2016 10:27am Jun 6, 2016 10:27am
Quoting raylin
{quote} Yes latest version will have direction filter 200,20,5 Post 309 was pertaining to the reverse Livelli The programmer as not contacted me yet and when he does I will request he change the normal livelli to trigger only shorts when the 20 is below the 200 and the 5 is below the 20 and close all trades when there is a cross between the 5 and the 20 For longs only 20 must be above 200 and 5 must be above the 20 and close when there is a cross between 5 and 20
Hello Raylin and Everyone,
The new idea sounds good and I can not wait to test it. I have been running some back test with the latest version, but have not had the consistency I am looking for yet to share, however the added trend direction should make for some interesting test and should give a better curve. I will say that when the EA is trading with the trend the curve looks amazing, for example last weeks run using no stop loss and only trailing stop. When the new trend feature is added I will test live as well and show results here. Thank you to all who have contributed to this thread.
ILvFx
  • #327
  • Jun 6, 2016 10:36am Jun 6, 2016 10:36am
With back testing I believe you can not specify what time of day you want the EA to start
I feel the best time to start the EA is the beginning of the European session as this when most breakouts occur
and therefore the strategy tester would not give the optimum results
One user who emailed me uses the hourly EA since the first EA was developed with excellent results
although he did not specify what time of day he started the Ea
  • #328
  • Jun 6, 2016 10:58am Jun 6, 2016 10:58am
Quoting raylin
With back testing I believe you can not specify what time of day you want the EA to start I feel the best time to start the EA is the beginning of the European session as this when most breakouts occur and therefore the strategy tester would not give the optimum results One user who emailed me uses the hourly EA since the first EA was developed with excellent results although he did not specify what time of day he started the Ea

Great EA, Please As at now, what are the best pairs and best settings for ths ea?
  • #329
  • Jun 6, 2016 12:09pm Jun 6, 2016 12:09pm
Quoting raylin
With back testing I believe you can not specify what time of day you want the EA to start I feel the best time to start the EA is the beginning of the European session as this when most breakouts occur and therefore the strategy tester would not give the optimum results One user who emailed me uses the hourly EA since the first EA was developed with excellent results although he did not specify what time of day he started the Ea
Yes you can set the EA to start at the time you want during the BT. For those who have ran numerous of BTs knows this and the EA has the setting there. So it does work and you can control that. The setting however will differ for each broker you run the BT on.
ILvFx
  • #330
  • Edited 12:28pm Jun 6, 2016 12:11pm | Edited 12:28pm
New specifications given to programmer

The livelli Ea is functioning as normal although one user says that he sets time function to start early evening and as to restart metatrader in the morning.
Looking for some upgrades to the Livelli EA
1St to stop the Ea if the overall profit is say 400
stop the Ea if the overall loss exceeds a certain number of pips say 100
2nd Maximum open trades ie if open trades more than say 5 will stop the Ea trading further
3rd I would like the Ea to only take sell trades if 5 ema is under the 20 ema and 20ema is below the 200 ema
4th I would like the EA to only take long trades if the 5 ema is above the 20 ema and the 20 ema is above the 200 ema
5th The Ea must stop trading if it exceeds the stop loss of 100 or there is a cross in the 5ema and 20 ema
4th Modify the reverse Livelli to start if the adx is lower than a certain value ie 20
5th Also to change the magic number of the reverse Ea
Could you give me feed back please if you are taking the job or not
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  • #331
  • Jun 6, 2016 12:22pm Jun 6, 2016 12:22pm
After the next revision of the Ea I will not be taking on any more orders for the Ea
I will be away from Wednesday until Saturday evening
Hopefully the new EA will be ready by Saturday
  • #332
  • Jun 6, 2016 3:41pm Jun 6, 2016 3:41pm
Quoting raylin
With back testing I believe you can not specify what time of day you want the EA to start I feel the best time to start the EA is the beginning of the European session as this when most breakouts occur and therefore the strategy tester would not give the optimum results One user who emailed me uses the hourly EA since the first EA was developed with excellent results although he did not specify what time of day he started the Ea
You can

if(Hour() >= 8 && Hour()<= 17){ continue}

else{return(0)}
So many in the Commercial section want to make me rich! :o
  • #333
  • Jun 6, 2016 3:49pm Jun 6, 2016 3:49pm
Quoting FX-Flux
{quote} You can if(Hour() >= 8 && Hour()<= 17){ continue} else{return(0)}
You learn something every day .I hope the the new revision will be more profitable
  • #334
  • Jun 6, 2016 9:34pm Jun 6, 2016 9:34pm
Quoting raylin
{quote} You learn something every day .I hope the the new revision will be more profitable
It will be depending on the user. Remember it is a tool and how it is used by the user will determine it's profitability.
ILvFx
  • #335
  • Jun 7, 2016 2:47am Jun 7, 2016 2:47am
Quoting raylin
{quote} You learn something every day .I hope the the new revision will be more profitable
As your guy to provide the MQL4 file, you will easily be able to include extra features like that.
So many in the Commercial section want to make me rich! :o
  • #336
  • Jun 7, 2016 3:13am Jun 7, 2016 3:13am
Quoting FX-Flux
{quote} As your guy to provide the MQL4 file, you will easily be able to include extra features like that.
17 people have provided funds to build the EA and also the upgrade.
It is not my decision to release the EA free of charge Especially as the the extra money
will be donated to charity
  • #337
  • Jun 7, 2016 3:33am Jun 7, 2016 3:33am
Hi Raylin,

Kindly let me know how I may purchase/contribute to this EA?

Thanks.

Regards,

Phil1234
  • #338
  • Jun 7, 2016 3:54am Jun 7, 2016 3:54am
Quoting raylin
{quote} 17 people have provided funds to build the EA and also the upgrade. It is not my decision to release the EA free of charge Especially as the the extra money will be donated to charity
You could open a separate commercial section thread for "charity donations" for the EA...
  • #339
  • Jun 7, 2016 4:03am Jun 7, 2016 4:03am
As one of the contributors, I wonder if Ray ought to keep any extra money on one side for a little while, just in case we want any more amendments doing. Once we are all happy with it, then donate to charity.
  • #340
  • Jun 7, 2016 4:06am Jun 7, 2016 4:06am
Quoting raylin
{quote} 17 people have provided funds to build the EA and also the upgrade. It is not my decision to release the EA free of charge Especially as the the extra money will be donated to charity
No, I didn't mean to distribute it. I meant for you to add snippets of code yourself to avoid having to pay someone to add them for you.
So many in the Commercial section want to make me rich! :o
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