EA Needed : Ride the MA. - page 2
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Important: I've edited my previous post.
Do you have problem with exit rules?
Regards,
IgorIgor,
I try to better understand. but huge potential it's absolutly here...
With the following settings, GBPJPY H1, from 01/01/07 to today (4 months), start balance 10000$ end balance 30567.15$... (with MM, without MM it's 17691$) so far so good 300%... but i not believe too much to MT4 backtesting.
Test with USDJPY, it's really fun too :-)
Btw we have huge drawdown... how to prevent them... ?
Give me your opinion...i will start forward testing.
Here's my settings :
Expert_Name=EagleExpert_v1
Magic=63333
Slippage=3
Main_data= Trade Volume & Trade Method
Lots=1.00000000
TakeProfit=0.00000000
StopLoss=0
TrailingStop=0
BreakEven=0.00000000
ExitMode=1
StartTime=00:00
EndTime=23:00
CloseTime=23:50
CloseTimeMode=0
SignalMail=0
MA_Inputs= MAs parameters
MainTimeFrame=60
MA_TimeFrame=60
FastLength=9
SlowLength=90
MA_Mode=0
MA_Price=0
CCI_Inputs= CCI parameters
CCI_TimeFrame=60
CCI_Length=14
CCI_BuyLevel=170.00000000
CCI_SellLevel=-170.00000000
CCI_Price=5
RVI_Inputs= RVI parameters
RVI_TimeFrame=60
RVI_Length=10
RVI_BuyLevel=0.00000000
RVI_SellLevel=0.00000000
RVI_Mode=0
MM_inputs= MoneyManagement by L.Williams
MM=1
MMRisk=0.15000000
MaxLoss=500.00000000
I've tested EA for GBPUSD H1 and the same period.
Really we have good results for this period of time.
Also I've tested from 10/01/06 and results are good too.
For better performance try to play with time filter.
In many my EAs I use L.Williams MM. For correct value of MaxLoss you should test EA with Lots = 1. After that you can define MaxLoss as largest loss trade.
... In many my EAs I use L.Williams MM. For correct value of MaxLoss you should test EA with Lots = 1. After that you can define MaxLoss as largest loss trade.
It's what i try to do.
MM=1
Lots = 1 and MaxLoss set to 500.
I still have losses > 500...
Don't use MM=true for this.
MM should be false.
Only after testing with Lots=1 you can define MaxLoss(largest loss trade).
It's what i try to do.
MM=1
Lots = 1 and MaxLoss set to 500.
I still have losses > 500...rvi
it looks like it would work better on the 30...
the rvi signal period seams to really lag behind the ma.
I shorten to 10 also.
hmm... It may have some potential. !!
Problem
Never mind...
Hello,
Just installed EA on EURUSD 1H chart with all default settings.
Everything correct in MT options for EA trading.
EA is installed but not running (frowning face).
Never had this problem before (I'm running a lot of EA's
on separate platforms).
Any help appreciated.
Thanks,
WNWDid you mark 'Allow live trading' in the Common settings?
Don't use MM=true for this.
MM should be false.
Only after testing with Lots=1 you can define MaxLoss(largest loss trade).Igor,
1- After set MM to False, Lots=1 and MaxLoss (in MM section) to 500, i still get loss trades > 500$
2- Could you please explain me the rules you use to exit of a trade ? (With ExitMode = 1)
Rgds.
(Btw GBPUSD, USDJPY, GBPJPY and EURGBP love this EA)...
Igor,
1- After set MM to False, Lots=1 and MaxLoss (in MM section) to 500, i still get loss trades > 500$
2- Could you please explain me the rules you use to exit of a trade ? (With ExitMode = 1)
Rgds.Original MM rules by L.Williams:
"... my money management formula: (account balance *risk percent) /largest loss = contracts or
shares to trade.
There are probably better and more sophisticated approaches, but for run-of-the-mill traders like us, not
blessed with a deep understanding of math, this is the best I know of. The beauty of it is that you can tailor it
to your risk/reward personality. If you are Tommy Timid, use 5 percent of your bank; should you think you
are Normal Norma, use 10 percent to 12 percent; if you are Leveraged Larry, use from 15 percent to 18
percent; and if you are Swashbuckling Sam or Dangerous Danielle, use in excess of 20 per cent of your
account ... and go to church regularly.
I have made millions of dollars with this approach. What more can I tell you-you have just been handed
the keys to the kingdom of speculative wealth."
You can find MaxLoss(or largest loss) in the Report after backtesting with Lots=1.
If you use StopLoss = 100 then for GBPUSD with Lots=1 largest loss is 1000USD. So you should use this value in MM formula. If you don't use StopLoss(StopLoss=0) then you can find largest loss during backtesting.
Exit rules for ExitMode=1:
- for BUY : CCI < SellLevel
- for SELL: CCI > BuyLevel
Original MM rules by L.Williams:
"... my money management formula: (account balance *risk percent) /largest loss = contracts or
shares to trade.
There are probably better and more sophisticated approaches, but for run-of-the-mill traders like us, not
blessed with a deep understanding of math, this is the best I know of. The beauty of it is that you can tailor it
to your risk/reward personality. If you are Tommy Timid, use 5 percent of your bank; should you think you
are Normal Norma, use 10 percent to 12 percent; if you are Leveraged Larry, use from 15 percent to 18
percent; and if you are Swashbuckling Sam or Dangerous Danielle, use in excess of 20 per cent of your
account ... and go to church regularly.
I have made millions of dollars with this approach. What more can I tell you-you have just been handed
the keys to the kingdom of speculative wealth."
You can find MaxLoss(or largest loss) in the Report after backtesting with Lots=1.
If you use StopLoss = 100 then for GBPUSD with Lots=1 largest loss is 1000USD. So you should use this value in MM formula. If you don't use StopLoss(StopLoss=0) then you can find largest loss during backtesting.
Exit rules for ExitMode=1:
- for BUY : CCI < SellLevel
- for SELL: CCI > BuyLevelThanks, i understand better.
(Learning, learning...)