profitable semaphor EA and indicator for you to test | Forex Factory

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profitable semaphor EA and indicator for you to test

  • #1
  • First Post: Edited 8:43am Mar 28, 2017 7:41am | Edited 8:43am
hi traders
here is a EA that I coded based on a indicator that I pick up a long time ago.
it shows profitable results on my testing , although the indicator gets a little confused sometimes in back testing only , I think due to 'bad' history data.

So Im putting it out here for those who would like to test and provide feedback here.

The EA is very basic with no error checking or money management , its just basically applying a strategy.
Im currently forward testing on a demo account on the 15m and 1H charts and so far today its in profit.

EA is: volt_semaphor.ex4 - place in experts folder
indicator is: x_3_semafor.ex4 - place in indicators folder

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 106 KB
Attached File(s)
File Type: ex4 volt_semaphor.ex4   14 KB | 523 downloads
File Type: ex4 x_3_semafor.ex4   23 KB | 582 downloads
  • #2
  • Mar 29, 2017 2:19am Mar 29, 2017 2:19am
This is a zigzag. Is it profitable?
  • #3
  • Apr 14, 2017 7:07pm Apr 14, 2017 7:07pm
I have been testing this on a demo for a couple weeks and noticed a quite serious bug. The EA gets in a loop in which it opens and closes a trade in a small loss. This can go on for a very long period of time. The picture shows how the ea suddenly starts to open and close 1 lot trades although the initial lotsize was set to 0.1. Pair AUDCAD.

It would also be nice to be able to change the EA settings, such as the number of trades allowed and when trades are closed. Time and news filters would also be very useful as the EA gets in trouble when there is a strong trend. Overall this has some good potential.
Attached Image (click to enlarge)
Click to Enlarge Name: sema-audcad-bt.JPG Size: 180 KB
  • #4
  • Apr 20, 2017 8:40am Apr 20, 2017 8:40am
Quoting buju
indicator gets a little confused sometimes in back testing only , I think due to 'bad' history data.
Not necessarily a problem with bad history data, although that wouldn't help.

It is a zigzag indicator, which suffers from the problem of repainting (all the points are recalculated each tick). This can lead to the turning points marked by the indicator shifting position and in worst case scenario swapping direction (as seen with the loop identified by Tero).

Adding some form of limiter (bar start/time between trades) will stop the EA from continuously opening and closing trades with each repaint.
A second indicator to confirm the trend would also do this. there is an interesting discussion on semafor strategies here
  • #5
  • Last Post: Apr 20, 2017 3:40pm Apr 20, 2017 3:40pm
Quoting TraderTero
I have been testing this on a demo for a couple weeks and noticed a quite serious bug. The EA gets in a loop in which it opens and closes a trade in a small loss. This can go on for a very long period of time. The picture shows how the ea suddenly starts to open and close 1 lot trades although the initial lotsize was set to 0.1. Pair AUDCAD. It would also be nice to be able to change the EA settings, such as the number of trades allowed and when trades are closed. Time and news filters would also be very useful as the EA gets in trouble when there...
Hi TraderTero
thank you so much for testing and posting your feedback.
In my forward testing , it did not go well , and the demo account just lost money , so I have abandoned this for now
and moved on to something much more profitable.
I saw the semaphor indicator go into a loop , not actuallt repainting , but looping continuously , causing the EA to open/close trades as well , but it was only on backtesting.

Im not sure why the EA jumped to 1.0 lot sizes , Ill have to look at the source code at some time , if I can even find the original source code - lol

btw , Im always looking to collaborate with people on my projects , so if you;re interested , give me a shout.
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