10points 3.mq4 - page 465
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Hi lordorly,
I did not trade this rsi version yet because 2 versions are performing good for me (not backtesting, forward testing/trading):
10points_3_Smi_1.01 EA since 30 of January using 2,000 initial deposit, and 10_points_3_Smi_new EA (since yesterday).
Anyway - I will try this rsi version because rsi indicator is good to select good enter ... i remember the thread where someone used this indicator to create profitable signals ... but they used it in opposite way: level 70 for buy and 30 for sell (breakout way) with take profit 100 for example. So, when I will start trading this rsi version - I will use it on this way (if the settings will allow it).Newdigital Hi, I guess the default parameters are correct for the 5 pairs.
The Backtest however does not give me very good results, it is normal?
I refer to the versions you use.
Lordorly
lot = 10? It is trading (starting) with lot = 0.01
Sorry I want to increase start to. 1 lot but is only trading 0.10
The reason being it's not opening more than 1 trade. It's going well on AusUsd but it is only opening 0.10
Newdigital Hi, I guess the default parameters are correct for the 5 pairs.
The Backtest however does not give me very good results, it is normal?
I refer to the versions you use.
LordorlyUse my settings. Because I tried many versions (by trading/forward testing) with many pairs. The only pair which survived is USDJPY. Other pairs - big drawdown. Please note that it is martingale.
Change mm to false and after that - change lot size from 0.01 to your lot size.
The reason being it's not opening more than 1 trade. It's going well on AusUsd but it is only opening 0.10
Use my settings (preset file/settings is inside zip/rar file on this post).
It is the settings with mm = false so you can change lot size from 0.01 to any.
The Backtest however does not give me very good results, it is normal?
As to backtesting ... as I see - it is MTF EA: trading on M1 timeframe with OSMA signals on M30 and Center of Gravity signals taken on M30 and H4 ... so - it is useless to backtest such the EA.
Hello,
I've been studying the 3 pairs for which I had/have issues (EURGBP, USDJPY, and now NZDUSD - this one trending a lot, my mistake .. - )
I think most of the drawdown comes mainly from the grid size : hard value we choose, that I never changed whatever pair it's on.
In my study, I tried to find a common criteria to all those pairs to avoid going over the level 7 (see below) to avoid big DD when using the martingale.
Level LOT cumulated pips (grid)
1 0.01 20
2 0.02 40
3 0.03 60
4 0.05 80
5 0.08 100
6 0.13 120
7 0.21 140
8 0.34 160
9 0.55 180
10 0.9 200
As you can see, with a grid of 20 pips the last level (if max trades = 10, as in default) gets trigerred at -200 pips
Having for those 3 pairs the max DD it went down, I've made different analysis to see if we could come up with a dynamic grid space adapted to the pair the EA is attached too (each pair has its own nature, some would need a bigger grid, other a smaller one)
I've analyzed with different ATR values (300, 200, 100, 50 etc..) from different TF (D1, H4 etc..) at the time the initial trade was opened ; I also tried with the ADR for the previous 5 & 10 days ... nothing common came out of this.
The only thing that worked well was : at the time the trade was taken :
- Measure the ' Highest High - Lowest Low ' of last 20 days
- Divide that value by 7 (the martingale level I wouldn't want to go over) to obtain a theoritical grid space
When I compared this new grid space, for the 3 pairs, with the maximum DD I got for the initial trades, I'd have never gone over the level 7 ( = Max DD / new grid space) (see below snapshot)
Of course, the sample study is maybe too small to be 100% accurate, and the returns could be less, but maybe that's a clue to could bring some more safety.
What do you think ?
Hope this helps, please let me know if you have any question
Thx
Olivier
Use my settings (preset file/settings is inside zip/rar file on this post). It is the settings with mm = false so you can change lot size from 0.01 to any.
Thanks. What does mm stand for?
Thanks. What does mm stand for?
It stands for money management, if you set it to true the EA will use the % risk you have defined to determine the lot size instead of the hard lot size.
Hi Mrtools,
I do have a question regarding the new EA with RSI, I have 2 open trades in negative (-257 & -127) but the EA didn't try to open other trades with higher lot sizes using the grid (every X pips) (my margin level is more than 14000% so no problem from that side). Did I miss something ?
Also, I choosed the option 'close on trend reversal' but the bot keeps those trades opened.
Thx
Gamma