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vwrestler

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Posts posted by vwrestler

  5. I will be out if there is no EAs

    in MetaTrader Expert Advisors

    Posted

    Re: I will be out if there is no EAs

     

    Thank you for your advice. But there is one thing I don't understand.

    I have test my ea with 3 different periods:

    [1] Jan 2009 up to now.

    [2] 2006-2009

    [3] 1999-2009

     

    There is no big drawdown and the result is favourable. I have tested many eas. Only a handful of them can pass the three tests.

     

    I know backtest is not reliable, so I forward test it for one year. The result is also favourable.

    I know it is not long enough. Maybe it will fail in the future. But who knows?

     

    This is the thing I don't understand. If no one knows the future, then how do we trade? By rules or by intuition, or by luck?

     

    I have read some books on manual trading, the fundamental approach and the technical analysis. But the fact is everyone in trading is reading the same books. Still, some win, some lose. What makes the difference?

  6. I will be out if there is no EAs

    in MetaTrader Expert Advisors

    Posted

    Re: I will be out if there are no EAs

     

    Not as good as some Eas, but it is my baby.

     

    Here beblow is backtest from 1-1-2009 up to now.

    Vwrestler-V43.gif

     

    Bars in test 198489

    Ticks modelled 4495987

    Modelling quality 25.00%

    Mismatched charts errors 0

    Initial deposit 10000.00

    Total net profit 1317.21

    Gross profit 2263.21

    Gross loss -946.00

    Profit factor 2.39

    Expected payoff 15.32

    Absolute drawdown 57.60

    Maximal drawdown 311.20 (2.82%)

    Relative drawdown 2.82% (311.20)

    Total trades 86

    Short positions (won %) 38 (86.84%)

    Long positions (won %) 48 (85.42%)

    Profit trades (% of total) 74 (86.05%)

    Loss trades (% of total) 12 (13.95%)

    Largest

    profit trade 52.80

    loss trade -121.00

    Average

    profit trade 30.58

    loss trade -78.83

    Maximum

    consecutive wins (profit in money) 16 (514.77)

    consecutive losses (loss in money) 2 (-126.50)

    Maximal

    consecutive profit (count of wins) 636.90 (15)

    consecutive loss (count of losses) -126.50 (2)

    Average

    consecutive wins 8

    consecutive losses 2

  7. I will be out if there is no EAs

    in MetaTrader Expert Advisors

    Posted

    Re: I will be out if there is no EAs

     

    Agree with rayz. In the beginning I want to develop a scalper. There is why I work on M1. That is greed.

    And then I discover that on M1 MA610 is a good divider. About MA610 I should only buy, below MA610 I should only sell.

     

    My EA is based on these ideas. MA610 shows the direction. WIlliam % 155 shows the turning point. I build version 1 according to these. Now it is version 43, I added some filters, made it harder to open trade, and in the end the ea only has 1 trade every 2 days. Most of the time, it is just waiting.

     

    I think that is the main difference between me and the ea. I don't wait. When doing manual trade, I want to be in the game. It is like play computer games.

     

    I have two computers at home, one for me one for my son and my wife. Most of the time, my son is playing online games. He called my game the 'dump line game'. The screnn is so dumb, there are only some slow moving lines. And he does not understand why his father is dumber than those lines.

  8. I will be out if there is no EAs

    in MetaTrader Expert Advisors

    Posted

    Re: I will be out if there is no EAs

     

    I want add one porint. It is widely believed that we should going along with the trend in manual trading. but when developing Eas, what I found is that it is difficult to developed an ea that goes along with the trend, but it is eays to develop an ea that goes against the trend.

     

    That is my own experience. I don't know whther others have the same feeling. As human being, we think by induction. If things happen in a particular way, our brain will think it will happen the next time.

     

    But eas do not think in that way. for example I use the William % indicator (setting=160) on M1 chart. If it it high (0), then that is a signal for sell, if it is low (-99), it is a signal for buy.

     

    In many occasions, I trade against my ea, and finally I was proved wrong.

  10. I will be out if there is no EAs

    in MetaTrader Expert Advisors

    Posted

    Re: I will be out if there is no EAs

     

    Sorry, moderator. I don't intend to start a new thread. It was just because one day I found my self not able to log in the forum again. so I have to post 15 messages within one day so that I could come back as soon as possible. I am quite ignotrant about posting in a forum. Therefore I have made a mistakes of opening too many threads. I should have open one thread and have 14 reply below it.

     

    However what I say is my real experience. I found that EAs look at the lines and charts different from human beings. Humans trade by intuition or illusion. Eas do not have eyes, so they don't see the charts, they calculate.

     

    I have learned how to code, so I started by coding the MA average. One the charts, it seems to to true that we can earn if the short-term MA going up and corsses the long-term MA and vice-versa. Many books introduced this as a classical way of manual trading. I tried to code it, but strangely, it does not work.

     

    Then I code an EA which is profitable, but it is not possible to trade maunally, because human beings cannot sense such a smakll and short-term changes on the chart (M1). EAs can see numbers, though they cannot see the chart like human beings.

     

    And then, for a while, I thouhgt it is the best if we give routine trading job to eas, and supplement it by manual trading. but still I find that manual trading is 100 times more difficult than EA trading. Now I have no fear in EA trading, I know I will not have a big drawdown. But in manual trading I have fear. my losing trade is more than winning trade. So I stop manual trading on my live account.

     

    My hope is to keep on practising manual trading on demo accounts.

  14. Automatic Forex Grail...

    in MetaTrader Expert Advisors

    Posted

    Re: Automatic Forex Grail...

     

    Find these lines.

    The lotsize is controlled by the number 1.0, 3.0, 20, etc.

    We can set any number we want.

    1.0 is normal, risking 2%

    3.0 is one-third of 2%

    20 is a very small lotsize

     

    Even a very small lotsize can be profitable if we make it compound.

     

    For private use, I will fix the risk by hardcoding the number.

    It is dangerous to make it external. We will forget or make mistakes in setting.

     

     

    dLots = (MathFloor(AccountBalance ()/500/1.0))/100;

     

    dLots = (MathFloor(AccountBalance ()/500/3.0))/100;

     

    dLots = (MathFloor(AccountBalance ()/500/20.0))/100;

  15. Automatic Forex Grail...

    in MetaTrader Expert Advisors

    Posted

    Re: Automatic Forex Grail...

     

    Thank you for reminding me my forgotten post on Introducing myself aession.

    Yes, I put Eas with potentials on my live account because I think demo account testing is useless.

     

    However, I will only try with a very small lot size.

    I don't trade individual ea, I treat them as a team, all share the same mm. That is why I need to modefiy the codes for my own use.

  18. Automatic Forex Grail...

    in MetaTrader Expert Advisors

    Posted

    Re: Automatic Forex Grail...

     

    Sorry. I don't mean to do that.

    It is because I found myself can't log in the forum, so I try to post up to 15 posts.

    What I mentioned is what I am doing.

    I found that many of the EAs in this forum are profitable.

    But people has used high risk money management.

     

    I know how to code, so I changed the mm to what I mentioned in my post.

    For example, If my biggest tolerance is 2%. I will risk in the way that if I lose, the stop loss is 2% of my balance.

    And then, I try to divide it into 10 EAs. eash EA will only risk 0.2%. If all of them lose, I will still lose 2%.

     

    I have individually tested sme EAs, and I believe that each of them is profitable. So on the whole the possibility of lossing money is not very high. I tested this strategy on my real account. It seems to work. I mean the drawdown becomes bearable because of the levelling effect.

     

    I know the next question is which ten EAs I am using. I am now in my office. I will write about that after work.

     

    Sorry again. I don't mean to be irresposible. I just find the rule of posting at least 15 posts a bit hard, and I want to be back to the forum as soon as possible.

  22. Dumb line games

    in Fun and Games

    Posted

    I have two computer at home. When I was trading, my son (9 years old) played computer games along side with me. He asked me what game I am playing. I said it is the dumb line games.

     

    When my son was very little, we played a games counting "green apples" and "red apples" coming from an indicator.

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