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Price Action Trading EA

  • #21
  • Feb 16, 2017 9:35am Feb 16, 2017 9:35am
Interesting EA been looking for somekind of PA EA and just saw this. Running on a demo Balance 500, But changed risk to 2% rest is the same default. running on USD/JPY. Not bad start lets see
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  • #22
  • Feb 16, 2017 9:49am Feb 16, 2017 9:49am
Hello in regards to the changes you have made in your latest version,i can only say it has worked wonders i am getting some serious digital results with new version.
As you said it is very responsive indeed to my amazement my Demo acct of 100,000 has grown or should i say sprouted wings beyond my belief.
Demo acct now has grown to 116,816 and still growing
The worlds fastest man can't touch this. screenshot below. I am so very pleased with first day of V2.
Version was nowhere as responsive as this version

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  • #23
  • Feb 16, 2017 10:00pm Feb 16, 2017 10:00pm
Its nice to see positive result. Thanks for posting it publicly. Guys please continue testing with every combination as much as you can imagine so that we can understand optimal conditions for the EA.
When you find worst scenario do post them so that I can think of alternate solution to improve it. I am also working with the code, trying to implement more price action concept into the code.
I will definitely post if i get any new breakthrough.
  • #24
  • Edited 6:03am Feb 17, 2017 5:47am | Edited 6:03am
ATTENTION REQUIRED GUYS.-----

I have missed out an very important exit condition which would have closed trades taken on false signal as a result most false signals trade ended up with loss. Now I have added the condition to it .
Test result are amazing. More profit with a straight line graph touching sky.
You can call this a third major revision t the EA or version 3.
EA attached at the top is changed with new one.

If your trade are open with old EA do not worry. Just replace the EA and attach it to your chart. IT will automatically track all open trades done with the old EA and handle them properly.

Attached test result of EUUSD $500 initial account from 2010-current.
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  • #25
  • Feb 17, 2017 10:04am Feb 17, 2017 10:04am
Hello DS,
Thank you very much for the EA along with the explanation needed.
It will be more helpful if you could suggest the settings, as merely guidelines, for varying trading balance as given below.
Of course you will never be held responsible for its outcome.
Thanks with best Regards,
kkb2k8
Attached Image
  • #26
  • Edited 11:23am Feb 17, 2017 11:04am | Edited 11:23am
Quoting kkb2k8
Hello DS, Thank you very much for the EA along with the explanation needed. It will be more helpful if you could suggest the settings, as merely guidelines, for varying trading balance as given below. Of course you will never be held responsible for its outcome. Thanks with best Regards, kkb2k8 {image}
The settings are at their maximum efficiency i could determine.
Only thing you need to change is the risk percentage. If your balance is more than $500 keeping risk factor as low as 1% will still generate good number of trades. But if account balance is less than $500 and you want to keep risk percent less then 2 or 3 % then good trades get skipped as your stop loss level may exceed your risk limit. in those conditions 3% risk works better. The time frame for best trades is 4 hour so in this time frame stop-loss needs more distance from the trade as you can see in the settings you can put minimum stop loss distance for each trade after which it can exceed as required. This allows more room for the trade to avoid fluctuation but consume more trade balance and increase the risk. I think you got the point. Just put decent risk so that trades can be taken at least with smallest amount of minim-lot available when balance is low.
You can also change the take profit ratio. Default is 3 times the risk which is rarely hit. Most time trades are closed prematurely. You can increase them to 4 or 5 times so that if there is a strong move then maximum gain can be achieved in the same time if there is a opposite signal occurs before your take profit is reached, trade will be closed automatically
Rest all settings are not required any changes unless you want to play with different settings and try to find more better combinations.
  • #27
  • Feb 17, 2017 9:17pm Feb 17, 2017 9:17pm
I have added one more parameter in the settings using which trader can define their minimum profit pips which they want to gain when a false signal occur. This increased the profit slightly but the parameter doesn't have any optimal setting for all pairs. It vary for each pair differently. Default is just 5 pip you can say break-even with not much gain.
File at the top is changed with this new setting.
  • #28
  • Edited 10:42pm Feb 17, 2017 9:36pm | Edited 10:42pm
Hello , i put it on BT and the ea dont give me a good results ...
and if put the defaut seting and the oposite signal in FALSE its worst
i want to say that if i use your settings its worst
Attached Image (click to enlarge)
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  • #29
  • Feb 18, 2017 12:30am Feb 18, 2017 12:30am
Quoting vladi28
Hello , i put it on BT and the ea dont give me a good results ... and if put the defaut seting and the oposite signal in FALSE its worst i want to say that if i use your settings its worst {image}
I can see multiple settings are modified.
First take profit target is 30 times the risk or stoploss. Default is just 3 times.
Next is minimum pips distance for stop is made just 60 pips. Default is 220 pips. When time frame is higher tight stoploss will kill your trade.
Next is max stoploss distance multiplier.... you made it 40 . default is just 1. Your are taking those trades even if stoploss at 40 times the average price movement of normal candle. This is too far. Trade like this should be skipped but with your settings it will take it so ended up failing.
Then close trade on oposite signal is false. Default is true. This protect trade taken on false signals and close them asap.

And more over your account balance is just $100. its not a big issue. Still decent trade will be formed with 3% risk but you should understand the meaning behind the settings.
I know there are two or three pairs which generates bad result with default settings but EURCHF is not one of them.

Try running it again without any changes in settings. And do not just stick to one pair. Forex is having a lots of options.
One more setting is also missing as i could see. Download the latest file.
  • #30
  • Feb 18, 2017 12:46am Feb 18, 2017 12:46am
I downloaded the new version and i make the bt on eurusd and there no have good results . I will try later on other pairs and share with you and if you can uplode one bt from 2016 at now i will thank you but the full image like me
  • #31
  • Feb 18, 2017 2:05am Feb 18, 2017 2:05am
Quoting vladi28
I downloaded the new version and i make the bt on eurusd and there no have good results . I will try later on other pairs and share with you and if you can uplode one bt from 2016 at now i will thank you but the full image like me
i did not get you properly but i guess you want me to test EURUSD from 2016 and upload the result. Thus i attached my test result.
Settings default.
Initial balance $100
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  • #32
  • Feb 18, 2017 4:26am Feb 18, 2017 4:26am
modeling quality n\a ...
this results not mean nothing without 99.90%

your EA dont work !
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  • #33
  • Feb 18, 2017 8:04am Feb 18, 2017 8:04am
Guys... I was just thinking something...... The best way to test the EA as well as achieve some gain out of it is to participate in any trading competition where they allow you to use EA. You can attach it with multiple pairs and trade with max potential. With the competition end you could either have won a good amount of trading balance as prize money or you will at least find out if the EA works or not.
If you like the idea and want to participate and let me know... If required will do slight extension to the limiter as per the competition end date and then you can go on with it.
Let me know what you all are thinking.
  • #34
  • Feb 18, 2017 11:17am Feb 18, 2017 11:17am
Quoting D.s
{quote} i did not get you properly but i guess you want me to test EURUSD from 2016 and upload the result. Thus i attached my test result. Settings default. Initial balance $100 {image} {image}
Try the test again using the Every Tick model - you will see entirely different result.
  • #35
  • Feb 18, 2017 1:46pm Feb 18, 2017 1:46pm
Quoting ChicagoRob
{quote} Try the test again using the Every Tick model - you will see entirely different result.
yes i got it. Result are worst then expected. Let me try to analyse the reason.
  • #36
  • Feb 19, 2017 11:57am Feb 19, 2017 11:57am
Hi D.S.

you have live monitor you ea?
  • #37
  • Edited 3:39am Feb 20, 2017 3:19am | Edited 3:39am
hi ,first thanks for sharing your ea but i tried to run your ea it said : Ea will work till month 3: years 2017 end

it can run on Micro/Nano account also ?

i made backtest from 1\1\2017 till today eurusd used defulte setting , i think you must do something with the stop lose it's kill the account 50%
tried 100$ and 10000$ same result
  • #38
  • Feb 20, 2017 9:56am Feb 20, 2017 9:56am
Quoting every.search
Hi D.S. you have live monitor you ea?
No I have not done any such setup. Few members are running it on VPS, they could provide the live feedback.
  • #39
  • Feb 20, 2017 10:03am Feb 20, 2017 10:03am
Quoting syst3m.err0r
hi ,first thanks for sharing your ea but i tried to run your ea it said : Ea will work till month 3: years 2017 end it can run on Micro/Nano account also ? i made backtest from 1\1\2017 till today eurusd used defulte setting , i think you must do something with the stop lose it's kill the account 50% tried 100$ and 10000$ same result
It can work on all account size. It searches for your account size and set itself automatically. The only reason I limited the EA use for 2 months because i have no confidence over it yet. I need to improve it before it can be used completely. The stop loss is killing trades in most cases. I am working on its improvement.
  • #40
  • Feb 21, 2017 5:47pm Feb 21, 2017 5:47pm
Quoting D.s
{quote} No I have not done any such setup. Few members are running it on VPS, they could provide the live feedback.
Please tell link

Thanks
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