10points 3.mq4 - page 36
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10points
Hi John,
Are you still hedging? Are you selling only in one direction?
I don't feel comortable with the stop loss implementation, the risk/award ratio for a small account is not the forte of this strategy.
Started forward testing today with a 3K demo account using IBFX , short only EU, UC, GU, UJ with the following settings:
extern double TakeProfit = 15;
extern double Lots = 0.1;
extern double InitialStop = 1;
extern double TrailingStop = 15;
extern int MaxTrades=5;
extern int Pips=15;
extern int SecureProfit=10;
extern int AccountProtection=1;
extern int OrderstoProtect=3;
extern int ReverseCondition=0;
extern double EURUSDPipValue=10;
extern double GBPUSDPipValue=10;
extern double USDCHFPipValue=10;
extern double USDJPYPipValue=9.715;
extern int StartYear=2005;
extern int StartMonth=1;
extern int EndYear=2007;
extern int EndMonth=12;
extern int EndHour=22;
extern int EndMinute=30;
extern int mm=0;
extern int risk=12;
extern int AccountisNormal=0;
extern int Magic = 10201;
Any suggestions?
Happy trading all!
KenTashiburo
forward testing
Ken,
I am allowing the EA to take it's own direction, having observed further I think that hedging will not apply since the loss if the trade goes contrary is so much greater than the profit if it goes well.
Looking at your settings the trailing stop loss will not get activated since you have the TP set the same as the Trailing stop loss.
The author suggested a TP of 40 but I have reduced that to 25, your setting 15 will be interesting to check as you go.
I have no idea as to the effect of changing the initial stop to 1.
I prefer to use the MaxTrades6, tururo was closed off using MaxTrades5 when my account was set for MaxTrades6 and I made gains.
Post your detailed statements and we can observe your results.
John
10points
Thank you for the comments John.
Here's the updated config:
Above mentioned pairs, short only
extern double TakeProfit = 10;
extern double Lots = 0.1;
extern double InitialStop = 01;
extern double TrailingStop = 5;
extern int MaxTrades=5;
extern int Pips=15;
extern int SecureProfit=10;
extern int AccountProtection=1;
extern int OrderstoProtect=3;
extern int ReverseCondition=0;
A list with indicator explanation would be great. Anyone?
Thanks,
KT
hi yeoeleven:
May i know the TF for running the DLM1.3 ?
Thanks
Time Frame
hi yeoeleven:
May i know the TF for running the DLM1.3 ?
Thankssaat,
I have only used H4 for DLMv1.3, it was the recommended TF when I downloaded the EA.
10 points 3 is running on M30.
John
10points
A complete disaster :P Almost blew up the account in less than 24 h. I will have to review the settings. Keep ya posted.
Thank you for the comments John.
Here's the updated config:
Above mentioned pairs, short only
extern double TakeProfit = 10;
extern double Lots = 0.1;
extern double InitialStop = 01;
extern double TrailingStop = 5;
extern int MaxTrades=5;
extern int Pips=15;
extern int SecureProfit=10;
extern int AccountProtection=1;
extern int OrderstoProtect=3;
extern int ReverseCondition=0;
A list with indicator explanation would be great. Anyone?
Thanks,
KTHi John,
So far which one has more potential - 10points3 or DLM ?
Can you post the updated version of the potential one for my forward testing ?
Thanks for your contribution.
Settings
A complete disaster :P Almost blew up the account in less than 24 h. I will have to review the settings. Keep ya posted.
Ken,
keep us posted with your results but it is my opinion that your settings are restricting this EA, it needs room to move.
I will be posting my settings in answer to AeonFX and if you compare them to yours you may draw similar conclusions.
Over the past 2 months I have been testing 10 points and my settings have restricted it from the authors original settings the main differences are dropping the MaxTrades from 10 to 6 and the Take Profit from 40 to 25. Then removing the more volatile pairs and having the ability to drop the unit below .1.
My objective is to have an EA that will perform well without risk that I can use safely on a mini live account.
John
Potential
Hi John,
So far which one has more potential - 10points3 or DLM ?
Can you post the updated version of the potential one for my forward testing ?
Thanks for your contribution.AeonFX,
I believe that the original 10points3 with the dynamic stoploss added by tururo is performing better than DLMv1.3. One of the reasons for this is that the newer version that was developed from 10points requires a csv file to update the EA's settings in regard to news trading but this has not been made available, the one listed on the website is empty and a new one has not been posted.
The latest edition that I am using can be found on page 18 post #178 and reading posts around that will provide insight into how and why the Dynamic Stop was added.
As far as my setting go these are the ones that I have been using profitably for some time without change.
TakeProfit=25.00000000
Lots=0.10000000
InitialStop=1.00000000
TrailingStop=15.00000000
MaxTrades=6
Pips=15
SecureProfit=10
AccountProtection=1
OrderstoProtect=3
ReverseCondition=0
EURUSDPipValue=10.00000000
GBPUSDPipValue=10.00000000
USDCHFPipValue=10.00000000
USDJPYPipValue=9.71500000
StartYear=2005
StartMonth=1
EndYear=2006
EndMonth=12
EndHour=22
EndMinute=30
mm=0
risk=12
AccountisNormal=0
Magic=10201
Some brokers will allow trading below .1 units. Neuimex and InterBankFX will allow trade down to .01 which may be an advantage.
Please post your statements as they become available and good luck using the above settings.
John
Updates
DLMv1.3 is in profit after 24 hours this week.
Whilst forward testing 10points3 Dynamicstop my account was closed off probably because it was over 1 month old fortunately a closing statement was emailed. It shows no floating profit because the account was closed automatically. The rest of the day shows no completed trades but has +$12 in floating profit.
John