10points 3.mq4 - page 407
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Hi, mrtools and newdigital,
Spent another 3 hours trying to backtest, demo and live test the EA here, still there was no position opening.
You guys are experts here and contribute your expertise for which we are very grateful. We are willing to contribute our time to test various possibilities so that all know the best settings.
It would be efficient if our time always generate some test results unlike the 3 hours above.
Could I suggest that one of you tell us in no uncertain terms:
EA version to test (post#)
timeframe
pairs to test
preset to use
platform to use
so that we will do exactly what you advised.
Also, if we know what each of the setting parameters means, we could spend time play with different combinations to hope to get better results.
Could you drop a brief sentence behind each parameter so we know what they mean?
Magic=41951
EcnBroker=1
TakeProfit=50.00000000
Lots=0.01000000
InitialStop=0.00000000
TrailingStop=20.00000000
MaxTrades=10
Pips=20
slippage=5
SecureProfit=5
AccountProtection=1
OrderstoProtect=3
ReverseCondition=0
bar=1
mm=0
risk=0.10000000
lotincrease=1.63000000
SpreadProtection=1
PipTolerance=5
OsMA_is=OsMa Settings
FastEMA=12
SlowEMA=26
SignalSMA=9
OsMatf=30.00000000
CenterofGravity_isv=Center of Gravity Settings
Per=10
Price=4
Cogtf1=240.00000000
Cogtf2=30.00000000
T3VhfPeriods_is=VHF Settings
VHF_Period1=14
T3Period1=5
T3Price1=0
T3Hot1=0.70000000
T3Original1=1
VHF_Period2=7
T3Period2=5
T3Price2=0
T3Hot2=0.70000000
T3Original2=1
_smi=Smi Settings
Length=13
Smooth1=25
Smooth2=2
Signal=5
SmiPrice=0
Many thanks.
forexjim
Could I suggest that one of you tell us in no uncertain terms:
EA version to test (post#)
timeframe
pairs to test
preset to use
platform to use
so that we will do exactly what you advised.
I used this EA (post #4027) https://www.mql5.com/en/forum/174975/page269 with this settings (post #4049) https://www.mql5.com/en/forum/174975 for many pairs ( I just changed magic number to be unique for every pair) for M1 timeframe FXCM broker with min lot size = 0.01. After 3 days trading (trading results - see post #4049) - I selected few pairs which can be less risky than the others (post #4049) https://www.mql5.com/en/forum/174975
Todays trading on Ibfx . Looks like it got kinda deep in progression a few times but so far came out of it. Trading on M1 time frame default settings, except lotincrease set at 1.75, later in the day.
I used this EA (post #4027) https://www.mql5.com/en/forum/174975/page269 with this settings (post #4049) https://www.mql5.com/en/forum/174975 for many pairs ( I just changed magic number to be unique for every pair) for M1 timeframe FXCM broker with min lot size = 0.01. After 3 days trading (trading results - see post #4049) - I selected few pairs which can be less risky than the others (post #4049) https://www.mql5.com/en/forum/174975
Hi, Newdigital,
Thank you for the exact advice:
EA: from post #4027
Timeframe: M1
Preset: from post #4049
Platform: FXCM mt4
I backtested EURUSD from 2000-2011 with this result:
Will demo test the same setting beginning Sunday.
I will forward test too and will post the results.
As to your backtesting so - it is martingale, means: it will lose soon or later
Because of martingale. if we will find some profitable pairs so we can improve this system more.
Because it is impossible to improve without any trading/forward testing.
By the way, this EA (10points 3 original) should be used for H1 timeframe.
I will trade on M1 just to see the results more quickly.
Forexjim, Did you read my last post did you try backtest with .10 lot size instead of .001, if your broker doesn't allow micro lots then would advise aganist using this Ea on that account unless you have extremely large account. once we establish this then we can move on, every demo of FXCM i ever had only allowed .10 lotsize, so where it says extern int Lots=0.01000000 change Lots to Lots=.10,then back test. And again would recommend you use the last version i posted its so far bug free.If the back test works using .10 lot size, then you need to find another broker.
Hi, Mrtools,
I confirmed that the FXCM demo account accepted 0.01 lot size by manually entering and exiting a 0.01 position.
Tomorrow I will attempt to redulicate Newdigital's demo result on my FXCM platform. After that I may test it live.
Thanks.
forexjim
I will forward test too and will post the results.
As to your backtesting so - it is martingale, means: it will lose soon or later
Because of martingale. if we will find some profitable pairs so we can improve this system more.
Because it is impossible to improve without any trading/forward testing.
By the way, this EA (10points 3 original) should be used for H1 timeframe.
I will trade on M1 just to see the results more quickly.Hi, Newdigital,
Thank you for the timeframe correction:
EA: from post #4027
Timeframe: H1
Preset: from post #4049
Platform: FXCM mt4
Result:
Will demo test the same setting beginning Sunday.
Thanks.
forexjim
This preset lasts longer:
EA: from post #4027
Timeframe: H1
Preset: Magic=41955; EcnBroker=false; TakeProfit=50; Lots=0.01; InitialStop=1; TrailingStop=10; MaxTrades=15; Pips=25; slippage=5; SecureProfit=1; AccountProtection=1; OrderstoProtect=3; ReverseCondition=0; bar=1; mm=true; risk=0.12; lotincrease=2; SpreadProtection=true; PipTolerance=5; OsMA_is="OsMa Settings"; FastEMA=12; SlowEMA=26; SignalSMA=9; OsMatf=0; CenterofGravity_isv="Center of Gravity Settings"; Per=10; Price=4; Cogtf1=0; Cogtf2=0; T3VhfPeriods_is="VHF Settings"; VHF_Period1=28; T3Period1=5; T3Price1=0; T3Hot1=0.7; T3Original1=false; VHF_Period2=14; T3Period2=5; T3Price2=0; T3Hot2=0.7; T3Original2=false; _smi="Smi Settings"; Length=13; Smooth1=25; Smooth2=2; Signal=5; SmiPrice=0;
Platform: FXCM mt4
Why?
Thanks.
forexjim
No.
I mean: this 10point EA originally was created for H1 timeframe many years ago (and I used it on semi-automatic mode for H1).
This this version - I used M1.
I will forward test started from Sunday/Monday using M1.
So, let's see.
As to backtesting so ... as I see from the code of this EA - it is used OSMA for M30 timeframe and Center of Gravity for M30 and H4 timeframe. I mean: we can select any timeframe to trade but EA will take the value of OSMA on M30 and Center of Gravity on M30 and H4. It was coded inside this EA. In this case - it is MTF EA and any backtest is not valid sorry.
It is MTF EA and any backtest is not valid.
OsMatf=0
Cogtf1=0;
Cogtf2=0.
0 - means current timeframe. If you are trading on h1 so 0 = H1. if you are trading on M1 so 0 = M1.
In this case - backtest is valid. Because you are backtesting on H1 and indicators are used on H1 too.
But if
OsMatf=30 (M30 timeframe)
Cogtf1= 30 (M30 timeframe)
Cogtf2=240 (H4 timeframe)
so backtest is not valid. Because strategy tester is using 1 timerframe only when backtesting.
It is MTF EA (EA is using 3 timeframes simultaniously - current anyone trading by you, M30 and H4 by default settings). I mean: you attach EA to 1 chart (M1 for example) but EA will use all 3 timeframes: M1, M30 and H4 on the same time.
Yes, this EA will survive longer on H1 than on M1.