Обсуждение | BreakOutScalperEA | Купить Торговый робот (Советник) для MetaTrader 5

bergen288 2022.05.20 16:16 #1

Ivan:

As discussed in our private message, your EA has great win rate over 90%, but it has occasional big loss (<10%) due to large initial stop loss when breakout signal is false. It is when the trend is against entry positions immediately so there is no profit at all for EA to apply tight trailing stop loss. As I said, if a very tight trailing stop loss is applied, there is no reason to have a very large initial stop loss to cause big loss even it is less than 10%. Their gloss loss could be more than half of gloss gain so it is a big issue. I thought about it how to address the issue and here are my suggestions:

Approach 1: after a period of time (M30 or M5 depending on the time in attached chart), if the original breakout position is losing without tight trailing stop loss, there is good chance the breakout is false. Close the position.

Approach 2 is the same as approach 1, but takes 1 more step to open a reversal position after the original position is closed. This is an aggressive approach.

Approach 3: apply the tight trailing stop loss for this losing position.

Approach 4: leave it as is, but provide a set option in EA to allow user to adjust initial stop loss. This is the last approach I would like to take.

Because each Forex pair may have different behavior, I would suggest to apply approaches 1, 2, 3 in your EA and provide a set option to let user decide which approach to take for each target pair based on the optimized result by strategy tester.

My 2 cents for you to think about.

Thanks.

Ivan Kochubeev 2022.05.20 16:56 #2

bergen288 #:

Ivan:

As discussed in our private message, your EA has great win rate over 90%, but it has occasional big loss (<10%) due to large initial stop loss when breakout signal is false. It is when the trend is against entry positions immediately so there is no profit at all for EA to apply tight trailing stop loss. As I said, if a very tight trailing stop loss is applied, there is no reason to have a very large initial stop loss to cause big loss even it is less than 10%. Their gloss loss could be more than half of gloss gain so it is a big issue. I thought about it how to address the issue and here are my suggestions:

Approach 1: after a period of time (M30 or M5 depending on the time in attached chart), if the original breakout position is losing without tight trailing stop loss, there is good chance the breakout is false. Close the position.

Approach 2 is the same as approach 1, but takes 1 more step to open a reversal position after the original position is closed. This is an aggressive approach.

Approach 3: apply the tight trailing stop loss for this losing position.

Approach 4: leave it as is, but provide a set option in EA to allow user to adjust initial stop loss. This is the last approach I would like to take.

Because each Forex pair may have different behavior, I would suggest to apply approaches 1, 2, 3 in your EA and provide a set option to let user decide which approach to take for each target pair based on the optimized result by strategy tester.

My 2 cents for you to think about.

Thanks.

Thanks for your suggestions. I will explore all options and do what I can.

bergen288 2022.06.17 20:03 #3

Ivan:

Once your breakout signal is triggered, there are too many times that the breakout is true, but your EA only takes very small piece of profit due to very tight trailing stop loss. I don't see any EURUSD position is closed by pre-defined TP target. Sooner or later, the position is closed by trailing SL. Is there a way to control how tight of trailing SL is? If not, may I request to have an input option to control trailing SL? Let's set your current trailing SL to 10 as default, and 0 is no trailing SL at al. I would like to use optimization in Strategy Tester to find out the best match.

By the way, what's the status for my suggestion to address occasional big loss?

Thanks.

Ivan Kochubeev 2022.06.21 06:56 #4

bergen288 #:

Ivan:

Once your breakout signal is triggered, there are too many times that the breakout is true, but your EA only takes very small piece of profit due to very tight trailing stop loss. I don't see any EURUSD position is closed by pre-defined TP target. Sooner or later, the position is closed by trailing SL. Is there a way to control how tight of trailing SL is? If not, may I request to have an input option to control trailing SL? Let's set your current trailing SL to 10 as default, and 0 is no trailing SL at al. I would like to use optimization in Strategy Tester to find out the best match.

By the way, what's the status for my suggestion to address occasional big loss?

Thanks.

Hello

1- from what was said in your review, the frequency of transactions, the size of the stop loss, and the average profit are visible in the strategy tester, and you could immediately see all these nuances before buying.

2 - I started working on your wish, but unfortunately I don't have too much experience and free time, as soon as I do, I will update immediately.

3 - according to your comment, I can make it so that when setting Trailing Stop = 0, it turns off

bergen288 2022.06.23 02:28 #5

Ivan:

I tried to change "Trailing Stop" to a larger number such as 70 in strategy tester. Its gloss profit will increase dramatically. Obviously, its win rate drops significantly and hence the increase of big losses. Unfortunately, most of gloss profit is offset by increased gloss loss. So, we have to address the issue of big loss first. Sorry for the confusion.

Thanks.

Ivan Kochubeev 2022.06.25 11:13 #6

Dear customers.

The new version adds additional input parameters and additional functions.

They are not required for the previous work of the adviser, I recommend using the previous settings of the adviser. When using new functions and input parameters, be careful and test on a demo account before using.

Ivan Kochubeev 2022.06.25 11:22 #7

bergen288 #:

Ivan:

I tried to change "Trailing Stop" to a larger number such as 70 in strategy tester. Its gloss profit will increase dramatically. Obviously, its win rate drops significantly and hence the increase of big losses. Unfortunately, most of gloss profit is offset by increased gloss loss. So, we have to address the issue of big loss first. Sorry for the confusion.

Thanks.

I have added the features you requested, if there are any errors or I misunderstood you, please let me know. In addition, sometimes large losses are part of the strategy and I don't see any point in reducing them, since the strategy itself suffers. But you can of course test the functions that you asked for. But I don't see much sense in them.

bergen288 2022.06.26 01:09 #8

Ivan Kochubeev #:

I have added the features you requested, if there are any errors or I misunderstood you, please let me know. In addition, sometimes large losses are part of the strategy and I don't see any point in reducing them, since the strategy itself suffers. But you can of course test the functions that you asked for. But I don't see much sense in them.

There are lots of changes in your new version. Would you mind to give us user's guide/detail document so that we won't misunderstand your new options?

Thanks.

Ivan Kochubeev 2022.06.26 04:57 #9

bergen288 #:

There are lots of changes in your new version. Would you mind to give us user's guide/detail document so that we won't misunderstand your new options?

Thanks.

Settings Guide here.

bergen288 2022.06.30 04:17 #10

Ivan:

I am trying to figure out how to use your options for loss position filters but confused without any detail example. Generally, EA Comment has the target EA name such as "BreakoutScalperEA". But it is 12 as default. In addition, it is said to "set EAComment at EA settings for use". What does it mean? Can you give me an example?

Thanks.

Ivan Kochubeev 2022.06.30 10:35 #11

bergen288 #:

Ivan:

I am trying to figure out how to use your options for loss position filters but confused without any detail example. Generally, EA Comment has the target EA name such as "BreakoutScalperEA". But it is 12 as default. In addition, it is said to "set EAComment at EA settings for use". What does it mean? Can you give me an example?

Thanks.

EA comment you can set anything, you need it to filter positions.

To use the filter to start (Loss Position filter (Set EAComment at EA settings for use) - true.

Then select the desired mode.

Activation of the trailing stop of a long position/TrailingStart for Loss Position filter/Trailing Stop for Loss Position filter/Trailing Step for Loss Position filter: This trailing stop is for managing the current position, i.e. from a pending order.

Close position by Loss Position filter - enable closing a position after the specified time.

Open reverse sell trader after close buy position/Open reverse buy trade after close sell position - if you want that after closing the transaction with a filter, he opened a position in the opposite direction.

Next, Take Profit for reverse positions/Stop Loss for reverse position is for reverse positions opened by the filter.

And Use trailing stop for reverse position (On/Off) - Enable trailing for these positions.

If something is unclear, ask, I will try to explain.

bergen288 2022.07.06 03:52 #12

Ivan:

What are options of Zigzag Deviation and Zigzag Backstep? Nothing were changed when I tried to optimizing them.

Thanks.

Ivan Kochubeev 2022.07.06 05:40 #13

bergen288 #:

Ivan:

What are options of Zigzag Deviation and Zigzag Backstep? Nothing were changed when I tried to optimizing them.

Thanks.

Its zigzag standart input. Check at chart zigzag settings to see how it can be change

bergen288 2022.07.06 23:40 #14

Ivan:

Above is my screenshot of M5 EURUSD chart. Right now, your EA triggers Sell Stop order at lowest low level as the green line shown. I believe it might be better to trigger Sell Stop order at min(lowest(open), lowest(close)) as the red line shown. The same is true for Buy Short order. Can you provide an input option for my request? It could be the difference between winner and loser.

Thanks.

Ivan Kochubeev 2022.07.22 08:55 #15

Dear traders, I will not be in touch for a while, once a week I may only be able to get in touch. Therefore, if anything, I will definitely answer, perhaps only with a delay.

Ivan Kochubeev 2022.07.22 13:05 #16

While I will be away (about a month), temporarily the price will be 199, after it will be 300

Ivan Kochubeev 2022.09.08 04:21 #17

Dear customers.

The new version adds additional input parameters and additional functions.

They are not required for the previous work of the adviser, I recommend using the previous settings of the adviser. When using new functions and input parameters, be careful and test on a demo account before using.

While I will be away (about a month), temporarily the price will be 199, after it will be 300

Unfortunately, I won't be in touch for an indefinite time yet. I apologize.