EA made for long-term profit | Forex Factory

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EA made for long-term profit

  • #1
  • First Post: Edited Nov 13, 2016 4:03am Oct 26, 2016 3:40am | Edited Nov 13, 2016 4:03am
Hello fellow traders,

me and my friend developed an EA. Here are the results from live account.

happy trading
  • #2
  • Oct 27, 2016 2:53am Oct 27, 2016 2:53am
WOW, I must say I am surprised.
Here I go and write down all that info and try to explain how this system was developed ... and try to spark some discussion about long-term profitable trading (not just gambling) ... and don't get a single reply.

Probably I should put 100$ (or even hide my balance data) on my account and name the thread "2000% profit in a week" - then i guess i'd have thousands of replys in hours

Hehehe, maybe that is also an indicator why 95% traders fail to be profitable on the longer run. I don't know
  • #3
  • Oct 27, 2016 4:21am Oct 27, 2016 4:21am
Quoting JackAce
WOW, I must say I am surprised. Here I go and write down all that info and try to explain how this system was developed ... and try to spark some discussion about long-term profitable trading (not just gambling) ... and don't get a single reply. Probably I should put 100$ (or even hide my balance data) on my account and name the thread "2000% profit in a week" - then i guess i'd have thousands of replys in hours Hehehe, maybe that is also an indicator why 95% traders fail to be profitable on the longer run. I don't know
I'm subcribed...yes, you are totally right, you have to choose another headline for your thread like "100% daily profit EA free" and you will get flooded with replies...

Happy pipping, jdva
I never lose - either I win or I learn...
  • #4
  • Oct 27, 2016 5:27am Oct 27, 2016 5:27am
{quote} I'm subcribed...yes, you are totally right, you have to choose another headline for your thread like "100% daily profit EA free" and you will get flooded with replies... Happy pipping, jdva[/quote]

Hehehe, yes i forgot that it must be free

Thx
  • #5
  • Oct 27, 2016 2:08pm Oct 27, 2016 2:08pm
Could you kindly share your EA please?
Pips Collector EA, No Martingale, No Grid
  • #6
  • Oct 28, 2016 12:50am Oct 28, 2016 12:50am
Quoting huatboyz
Could you kindly share your EA please?

I'm sorry. I can't share it.
Maybe some day I will, but as I can see there is not so much interest in long-term profitability here.
Most people just want to get rich and turn 100 $ to millions in days, but .... you know how that ends.
  • #7
  • Oct 28, 2016 9:04am Oct 28, 2016 9:04am
Wow....this is the EA what i am trying to code for. I am a coder and trader, i know this EA must be very complex as it can handle all the possible economy crisis. Until now, I am still thinking on it. Currently I am trading manually with good result. I will follow this thread and see what can surprise me again. lol....
  • #8
  • Oct 28, 2016 9:56am Oct 28, 2016 9:56am
Quoting ~bull.bear~
Wow....this is the EA what i am trying to code for. I am a coder and trader, i know this EA must be very complex as it can handle all the possible economy crisis. Until now, I am still thinking on it. Currently I am trading manually with good result. I will follow this thread and see what can surprise me again. lol....
Basic logic of trading is pretty simple and logical.
Its not based on technical analysis and also not based on fundamental analysis (but uses "at the same moment" data). It actually has quite a unique approach for defining it's entry positions.
But yes, the code gets pretty complex when you have to exit a trade with a profit. It also includes a final protection from "stopout" by hedging (not stop loss) and in that case also changes strategy so it survives and usualy (not always) makes profit at the end.
  • #9
  • Oct 28, 2016 11:02am Oct 28, 2016 11:02am
pretty decent gain. Judging by the # of trades and pretty low gain, it's super conservative. I'm sure you'll last long. Your broker must love you
  • #10
  • Edited 12:19pm Oct 28, 2016 11:36am | Edited 12:19pm
Quoting hilmy83
pretty decent gain. Judging by the # of trades and pretty low gain, it's super conservative. I'm sure you'll last long. Your broker must love you
Yes, at the moment it's adjusted to almost minimum risk. Now me and my friend made some analysis and calculations so we know exactly how much we can increase the volume to still trade quite safe and maximize profits. We try not to let anything to chance. Better to be conservative than dead
We will turn it up a little beginnig of november so we see how it goes.
  • #11
  • Oct 28, 2016 1:27pm Oct 28, 2016 1:27pm
Quoting JackAce
WOW, I must say I am surprised. Here I go and write down all that info and try to explain how this system was developed ... and try to spark some discussion about long-term profitable trading (not just gambling) ... and don't get a single reply. Probably I should put 100$ (or even hide my balance data) on my account and name the thread "2000% profit in a week" - then i guess i'd have thousands of replys in hours Hehehe, maybe that is also an indicator why 95% traders fail to be profitable on the longer run. I don't know
not sure what were you thinking, but you shouldnt be that surprised about the lack of interest, really.

fact 1. you made an EA that seem to work for you
fact 2. it is not for share, not for sale... cloudy reference only even to the ideas behind to try manually trade something alike
fact 3. you admit the forward data not enough yet, and need a larger account to be able to follow it...+ back for fact 2, interest killer, huh?

blackjack, or bingo, or jackpot, as you wish!
only whatever you won, it isnt interest!
there is always, always another trade!!
  • #12
  • Oct 28, 2016 2:39pm Oct 28, 2016 2:39pm
Quoting profitfarmer
{quote} not sure what were you thinking, but you shouldnt be that surprised about the lack of interest, really. fact 1. you made an EA that seem to work for you fact 2. it is not for share, not for sale... cloudy reference only even to the ideas behind to try manually trade something alike fact 3. you admit the forward data not enough yet, and need a larger account to be able to follow it...+ back for fact 2, interest killer, huh? blackjack, or bingo, or jackpot, as you wish! only whatever you won, it isnt interest!
Hm, so it's not interesting for you if i don't share it? And one full page of basic description is not enough (look post #1)?
If you were interested in more detailed ideas behind it you should just ask me some questions about it. Or did you expect just to send you the code for free (or maybe even sell it to you for 100 $)? I don't want to do that because there is too much work involved to just devalue it that easy. You must understand that i can't give you all the details.
  • #13
  • Oct 28, 2016 4:07pm Oct 28, 2016 4:07pm
Quoting JackAce
I would wery much appreciate any (constructive!!!) feedback. And i will gladly answer any questions or comments! Thx guys, happy trading.
Looks like an interesting system and profitable so far. It would be difficult to offer feedback or make comments without actually watching the EA run in real time. Just looking at stats does not tell much except how it performed over a certain period. Not the internal workings. Since you are not providing the EA (and that is your right, Im not bashing you for it), it is difficult to see the EA's strengths or poss.weakness if there are any. As you did mention martingale, that that may cause some pause for many traders.
  • #14
  • Oct 29, 2016 5:47am Oct 29, 2016 5:47am
Quoting thorn
{quote} Looks like an interesting system and profitable so far. It would be difficult to offer feedback or make comments without actually watching the EA run in real time. Just looking at stats does not tell much except how it performed over a certain period. Not the internal workings. Since you are not providing the EA (and that is your right, Im not bashing you for it), it is difficult to see the EA's strengths or poss.weakness if there are any. As you did mention martingale, that that may cause some pause for many traders.
Hm, I guess you are right since you put it that way. You can't really comment looking at stats.
I was just hoping to maybe open some questions and discuss them. I also provided the link where actual trading can be seen live.

I will leave this tread alone for some time and see what happens.
Probably i will rather open a new one in "Commercial Content" forum in the future since im thingking about opening a PAMM account. The time will tell.
Thx
  • #15
  • Oct 29, 2016 6:33am Oct 29, 2016 6:33am
Quoting JackAce
{quote} Hm, so it's not interesting for you if i don't share it? And one full page of basic description is not enough (look post #1)? If you were interested in more detailed ideas behind it you should just ask me some questions about it. Or did you expect just to send you the code for free (or maybe even sell it to you for 100 $)? I don't want to do that because there is too much work involved to just devalue it that easy. You must understand that i can't give you all the details.
i believe you got it wrong.
i gave a general answer to your general question about what the reasons might be behind the lack of interest in your thread.

personally, i have read thru the general idea behind posting you, and found that actually it has similarity on something i work on, namely a limited/soft martingale approach, that controls the risk. but i am no EA person, know nothing about programming, thus can give you no questions regarding those.
as for the money management and the martingale aspect, as well as 'no trade' time periods i think we could probably could have a chat beneficial to both
there is always, always another trade!!
  • #16
  • Oct 29, 2016 7:55am Oct 29, 2016 7:55am
Quoting JackAce
{quote} Hm, I guess you are right since you put it that way. You can't really comment looking at stats. I was just hoping to maybe open some questions and discuss them. I also provided the link where actual trading can be seen live. I will leave this tread alone for some time and see what happens. Probably i will rather open a new one in "Commercial Content" forum in the future since im thingking about opening a PAMM account. The time will tell. Thx
Looking at your trade list in the explorer I tried to get an idea how your EA works. I can only make a guess. Seems you open multiple trades at same level sometimes with equal lot size but some different. Some were .01 others .02 or .03. If the price moves against you, you add to the position sometimes with larger lot and sometimes the same. Guessing this is your modified martingale strategy and the unknown is how you pick the pairs and the initial lot size to use? Most trades were closed at a certain level for a small gain or loss. So I think your profit target is small and you rely on a good win rate to profit. Like I said its really hard to tell just from closed trades but if I had to guess, I think this is some kind of grid trading system using a modified martingale for lot sizing? I could be totally wrong too.
  • #17
  • Oct 29, 2016 2:24pm Oct 29, 2016 2:24pm
Quoting profitfarmer
{quote} i believe you got it wrong. i gave a general answer to your general question about what the reasons might be behind the lack of interest in your thread. personally, i have read thru the general idea behind posting you, and found that actually it has similarity on something i work on, namely a limited/soft martingale approach, that controls the risk. but i am no EA person, know nothing about programming, thus can give you no questions regarding those. as for the money management and the martingale aspect, as well as 'no trade' time...

No problem, specially if you have some ideas on your own we can definetly both benefit on that.
  • #18
  • Oct 29, 2016 2:37pm Oct 29, 2016 2:37pm
Quoting thorn
{quote} Looking at your trade list in the explorer I tried to get an idea how your EA works. I can only make a guess. Seems you open multiple trades at same level sometimes with equal lot size but some different. Some were .01 others .02 or .03. If the price moves against you, you add to the position sometimes with larger lot and sometimes the same. Guessing this is your modified martingale strategy and the unknown is how you pick the pairs and the initial lot size to use? Most trades were closed at a certain level for a small gain or loss. So I...

Actually you are quite right Pairs and initial lot sizes are not picked randomly. Everything this EA does is calculated based on 10yrs history, so for every pair and every timeframe it has different settings for initial position (and size increasing scale with every next position). You would be surprised how much pairs and timeframes are different one to another. That is why I believe that no EA can be succesful if it uses the same settings for different pairs.
  • #19
  • Oct 29, 2016 4:14pm Oct 29, 2016 4:14pm
Quoting JackAce
{quote} Actually you are quite right Pairs and initial lot sizes are not picked randomly. Everything this EA does is calculated based on 10yrs history, so for every pair and every timeframe it has different settings for initial position (and size increasing scale with every next position). You would be surprised how much pairs and timeframes are different one to another. That is why I believe that no EA can be succesful if it uses the same settings for different pairs.
I run a modified grid trading EA myself so it was a logical guess. I run it on multiple pairs so maybe we are baking the same cake with different recipies? Plus your trade record was very close to what mine was after 2 months. I do not use any martingale however or any hedging (U.S based). I know this probably limits my profit a bit but also limits DD as well. Some people are not fond of these type of systems because you sometimes have to carry some draw down. But if you are smart about it and willing to close out losing trades when needed, and not hold forever like traditional grid systems, they can work well. I am 3 months into a 6 month planned demo and doing well with it. Will go live if its still good at the end of demo. You seem to have a well laid out plan and a robot that works as intended. Best of luck and continued success.
  • #20
  • Oct 30, 2016 2:30pm Oct 30, 2016 2:30pm
Quoting JackAce
{quote} Actually you are quite right Pairs and initial lot sizes are not picked randomly. Everything this EA does is calculated based on 10yrs history, so for every pair and every timeframe it has different settings for initial position (and size increasing scale with every next position). You would be surprised how much pairs and timeframes are different one to another. That is why I believe that no EA can be succesful if it uses the same settings for different pairs.

Your EA performance is looking good... congrats ...
May I know from where and how you got the good quality tick by tick data for 10 years please?
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