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ISEA (Investiva Super Expert Advisor)


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Re: ISEA (Investiva Super Expert Advisor)

 

I don't understand, what this all fuss is about.

 

It is not EA, it is piece of crap.

 

....

Hi noone22, on a JadeFX forum I found the following comment:

"...If you plan to use any ISEA based technique scalper on AUDNZD on an ECN or STP broker (like JadeFx), read this (my experience, but you do what you want with it ;) ):

 

I made my own implementation of ISEA EA and add some protection to it (equity protection, SL filter, spike detection,etc...) but based on the envelop indicator instead of using a simple moving average. In backtest and forward, no probs to pass a $3000 account to 70K in 3 weeks.

 

Now the LIVE test: If you can live with slippage of more than 10 pips, and orders filled at price that are far from the price you asked resulting of loss pratically all the time, go for it. In my case, I have turned off the EA after 2 hours. Don't scalp intensively on AUDNZD, this pair has not enough liquidity and you'll get this results with any scalper (ISEA or not) on this pair.

 

Try to find a good scalper for major pairs. Chance are that your orders will be filled at the price you ask and slippage will be very small...."

Maybe this is a solution. Coders welcome.

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  • 4 weeks later...

Why is this type of trading strategy "piece of crap"?

Don't trash it if you haven't demoed this. All of this

broker argument and 1 PIP argument is irrelevant.

That is if you have really studied this, is familiar with

any form of price action or grid trading, have decent

manual trading experience, and appreciate EAs in

general and especially those who have recoded this

to improve the parameter and performance settings.

This is just a rapidly moving price action grid trading.

And it works on all platforms, on all brokers. It just

does not work on all available pairs that's all. Does

something have to be spoon fed to some people in

here? Clearly that's the case. At least appreciate

those who recoded this EA to make certain parameters

available for you to tweak. Also, who said this EA

won't work on EURUSD or USDJPY? Two most liquid

pairs on any broker and on any platform? Just because

the developer whom you are trashing as a scammer and

this EA as piece of crap says it is optimized for EURCHF

and EURGBP? It's freaking hilarious to on one hand

trash the EA and trash the developer and yet believe

their manual and recommended pairs. Think about

how ludicrous that is. Fact is, grid type of strategy

work well on highly liquid pairs with low spreads.

That does not have to be EURCHF and on Asian

sessions. This will work very well on EURUSD.

The thing you have to figure out yourself is the

proper SL that you can live with. Don't bitch

about risk reward, that is within your control

by setting TP and SL to your satisfaction. It's not

the fault of the EA or this type of trading strategy

if you do not have enough manual trading experience

to know what TP and SL combo you are comfortable

with for various pairs at your particular chosen broker.

Sorry, this is not piece of crap. And stop talking about

brokers and 1 PIP issue. It is a non-issue really. As

someone already stated, work the settings to make it

compatible with your reputable broker rather than

look for and compromise by settling with a scam

crooked broker because they advertise 1 PIP spreads.

And the reason why this EA is better than other grid

strategy is that most grid strategy uses static limit

orders that stay where it was originally opened

irrespective of where the current price line is. This

EA's limit orders are dynamic in that it always updates

itself and moves along with the current price line.

So, if your SL is a decently wide one without being

too huge in respective to your chosen Risk/Reward,

you will have several wins while the particular order

is on its way to possibly hitting the SL. No other grid

trading system can say this. So, all other settings

can be default but you need to come up with an SL

that you know you can live with and you know you

did well with when you were manually trading.

If you have zero manual trading experience, you

will always struggle with the proper SL setting.

Don't accept the default while constantly bitching

about risk reward. I hate reading that crap on

forums the most. TP and SL is within your control.

 

Demo this on Dukascopy's MT4 beta and on EURUSD.

The way this EA works on Dukascopy's ECN is great.

Now, because it is beta, the server does have some

occasional issues but once Dukascopy goes live with MT4, this

EA on EURUSD will work great. And the spread on

EURCHF is less than 1 PIP as well most of the time

on Dukascopy. And on EURUSD it is less than 1 PIP

great majority of the time. Most is 1 PIP.

 

In the meantime, you need to be

running this on a non-US brokerage firm and preferably

on STP because this EA does fall into hedge category

by the NFA morons. So, NFA compliant FIFO following

US brokerage firms won't work with this EA effectively

as it is designed to work. And the way this EA

functions on Dukascopy and on ECN in particular

is much more preferable to way it works in all other

brokers. You have to demo this on Dukascopy and see

what I mean.

Edited by leefx007
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futron, the link at h**p://www.4shared.com/file/117855505/af5f4108/ISEA_4or5_digits_no_limitorder.html

is not working anymore

 

 

 

Matias,

 

Here is the update. Don't know know how this happened but it seems my mod is more profitable than the original ISEA. On the backtests on Sigma from 2009/07/03 - 2009/07/10

 

Original ISEA with 0.01 Lot $50.00

 

Broker - Sigma

MoneyManagement = false

lotsize = 0.01

UseHourTrade=false

All other setting Default

Net Profit = 361.64

Maximal DD = 5.79%

Relative DD = 5.79%

 

Modified ISEA

MoneyManagement=false

lotsize = 0.01

UseHourTrade = false

Slippage = 0

TakeProfit = 2

StopLoss = 29

MA_PipsAway = 2

Net Profit = $ 705.49

Maximal DD = 0.05%

Relative DD = 0.05%

 

You will notice I set Slippage to 0 this caused The EA to miss a few trades.

 

Attached is the new version it works like a bomb !! Still need to test and optimize for other brokers will post the .set as soon as I am finished with it.

 

h**p://www.4shared.com/file/117855505/af5f4108/ISEA_4or5_digits_no_limitorder.html

 

ENJOY !!

 

Man this is getting to be fun !

 

Edit : :) yeah you are right Matias SLIPPAGE was the culprit !!

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Why is this type of trading strategy "piece of crap"?

Don't trash it if you haven't demoed this. All of this

broker argument and 1 PIP argument is irrelevant.

That is if you have really studied this, is familiar with

any form of price action or grid trading, have decent

manual trading experience, and appreciate EAs in

general and especially those who have recoded this

to improve the parameter and performance settings.

This is just a rapidly moving price action grid trading.

And it works on all platforms, on all brokers. It just

does not work on all available pairs that's all. Does

something have to be spoon fed to some people in

here? Clearly that's the case. At least appreciate

those who recoded this EA to make certain parameters

available for you to tweak. Also, who said this EA

won't work on EURUSD or USDJPY? Two most liquid

pairs on any broker and on any platform? Just because

the developer whom you are trashing as a scammer and

this EA as piece of crap says it is optimized for EURCHF

and EURGBP? It's freaking hilarious to on one hand

trash the EA and trash the developer and yet believe

their manual and recommended pairs. Think about

how ludicrous that is. Fact is, grid type of strategy

work well on highly liquid pairs with low spreads.

That does not have to be EURCHF and on Asian

sessions. This will work very well on EURUSD.

The thing you have to figure out yourself is the

proper SL that you can live with. Don't bitch

about risk reward, that is within your control

by setting TP and SL to your satisfaction. It's not

the fault of the EA or this type of trading strategy

if you do not have enough manual trading experience

to know what TP and SL combo you are comfortable

with for various pairs at your particular chosen broker.

Sorry, this is not piece of crap. And stop talking about

brokers and 1 PIP issue. It is a non-issue really. As

someone already stated, work the settings to make it

compatible with your reputable broker rather than

look for and compromise by settling with a scam

crooked broker because they advertise 1 PIP spreads.

And the reason why this EA is better than other grid

strategy is that most grid strategy uses static limit

orders that stay where it was originally opened

irrespective of where the current price line is. This

EA's limit orders are dynamic in that it always updates

itself and moves along with the current price line.

So, if your SL is a decently wide one without being

too huge in respective to your chosen Risk/Reward,

you will have several wins while the particular order

is on its way to possibly hitting the SL. No other grid

trading system can say this. So, all other settings

can be default but you need to come up with an SL

that you know you can live with and you know you

did well with when you were manually trading.

If you have zero manual trading experience, you

will always struggle with the proper SL setting.

Don't accept the default while constantly bitching

about risk reward. I hate reading that crap on

forums the most. TP and SL is within your control.

 

Demo this on Dukascopy's MT4 beta and on EURUSD.

The way this EA works on Dukascopy's ECN is great.

Now, because it is beta, the server does have some

occasional issues but once Dukascopy goes live with MT4, this

EA on EURUSD will work great. And the spread on

EURCHF is less than 1 PIP as well most of the time

on Dukascopy. And on EURUSD it is less than 1 PIP

great majority of the time. Most is 1 PIP.

 

In the meantime, you need to be

running this on a non-US brokerage firm and preferably

on STP because this EA does fall into hedge category

by the NFA morons. So, NFA compliant FIFO following

US brokerage firms won't work with this EA effectively

as it is designed to work. And the way this EA

functions on Dukascopy and on ECN in particular

is much more preferable to way it works in all other

brokers. You have to demo this on Dukascopy and see

what I mean.

 

Perhaps if you did not hit the Return button every ten words or less it word be easier to read. As it is I get sore eyes and simply ignore what might be a good statement

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It has been a long time I never use it. Cos lose too much in this pair.

 

Try this site. Hope it still works. If it is not working, too bad.

 

Grail 2 - http://www.mediafire.com/?sofmzgj5zbn

IAPE (This is aggressive version) - http://www.mediafire.com/?gqgyzzj4al1

ISEA with no limit order - http://www.mediafire.com/?yi3ngmhdzmo

 

Please do not ask me for settings & templates, as I have already deleted mine. Not using it for more than 6 months.

 

Thanks. Enjoy.

 

Smile

Chankl78

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  • 1 month later...
Why is this type of trading strategy "piece of crap"?

Don't trash it if you haven't demoed this. All of this

broker argument and 1 PIP argument is irrelevant.

That is if you have really studied this, is familiar with

any form of price action or grid trading, have decent

manual trading experience, and appreciate EAs in

general and especially those who have recoded this

to improve the parameter and performance settings.

This is just a rapidly moving price action grid trading.

And it works on all platforms, on all brokers. It just

does not work on all available pairs that's all. Does

something have to be spoon fed to some people in

here? Clearly that's the case. At least appreciate

those who recoded this EA to make certain parameters

available for you to tweak. Also, who said this EA

won't work on EURUSD or USDJPY? Two most liquid

pairs on any broker and on any platform? Just because

the developer whom you are trashing as a scammer and

this EA as piece of crap says it is optimized for EURCHF

and EURGBP? It's freaking hilarious to on one hand

trash the EA and trash the developer and yet believe

their manual and recommended pairs. Think about

how ludicrous that is. Fact is, grid type of strategy

work well on highly liquid pairs with low spreads.

That does not have to be EURCHF and on Asian

sessions. This will work very well on EURUSD.

The thing you have to figure out yourself is the

proper SL that you can live with. Don't bitch

about risk reward, that is within your control

by setting TP and SL to your satisfaction. It's not

the fault of the EA or this type of trading strategy

if you do not have enough manual trading experience

to know what TP and SL combo you are comfortable

with for various pairs at your particular chosen broker.

Sorry, this is not piece of crap. And stop talking about

brokers and 1 PIP issue. It is a non-issue really. As

someone already stated, work the settings to make it

compatible with your reputable broker rather than

look for and compromise by settling with a scam

crooked broker because they advertise 1 PIP spreads.

And the reason why this EA is better than other grid

strategy is that most grid strategy uses static limit

orders that stay where it was originally opened

irrespective of where the current price line is. This

EA's limit orders are dynamic in that it always updates

itself and moves along with the current price line.

So, if your SL is a decently wide one without being

too huge in respective to your chosen Risk/Reward,

you will have several wins while the particular order

is on its way to possibly hitting the SL. No other grid

trading system can say this. So, all other settings

can be default but you need to come up with an SL

that you know you can live with and you know you

did well with when you were manually trading.

If you have zero manual trading experience, you

will always struggle with the proper SL setting.

Don't accept the default while constantly bitching

about risk reward. I hate reading that crap on

forums the most. TP and SL is within your control.

 

Demo this on Dukascopy's MT4 beta and on EURUSD.

The way this EA works on Dukascopy's ECN is great.

Now, because it is beta, the server does have some

occasional issues but once Dukascopy goes live with MT4, this

EA on EURUSD will work great. And the spread on

EURCHF is less than 1 PIP as well most of the time

on Dukascopy. And on EURUSD it is less than 1 PIP

great majority of the time. Most is 1 PIP.

 

In the meantime, you need to be

running this on a non-US brokerage firm and preferably

on STP because this EA does fall into hedge category

by the NFA morons. So, NFA compliant FIFO following

US brokerage firms won't work with this EA effectively

as it is designed to work. And the way this EA

functions on Dukascopy and on ECN in particular

is much more preferable to way it works in all other

brokers. You have to demo this on Dukascopy and see

what I mean.

 

Dear Leefx007,

 

Thanks for your statement.

I'll give it a try. But were can we find the version you use? And setting file?

 

Regards,

Arjan

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  • 1 month later...
Matias,

 

Here is the update. Don't know know how this happened but it seems my mod is more profitable than the original ISEA. On the backtests on Sigma from 2009/07/03 - 2009/07/10

 

Original ISEA with 0.01 Lot $50.00

 

Broker - Sigma

MoneyManagement = false

lotsize = 0.01

UseHourTrade=false

All other setting Default

Net Profit = 361.64

Maximal DD = 5.79%

Relative DD = 5.79%

 

Modified ISEA

MoneyManagement=false

lotsize = 0.01

UseHourTrade = false

Slippage = 0

TakeProfit = 2

StopLoss = 29

MA_PipsAway = 2

Net Profit = $ 705.49

Maximal DD = 0.05%

Relative DD = 0.05%

 

You will notice I set Slippage to 0 this caused The EA to miss a few trades.

 

Attached is the new version it works like a bomb !! Still need to test and optimize for other brokers will post the .set as soon as I am finished with it.

 

h**p://www.4shared.com/file/117855505/af5f4108/ISEA_4or5_digits_no_limitorder.html

 

ENJOY !!

 

Man this is getting to be fun !

 

Edit : :) yeah you are right Matias SLIPPAGE was the culprit !!

 

Hello Futron,

 

Could you please upload your modified ISEA version once again? Do you trade with it? And what are the results?

 

Thanks,

Arjan

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  • 3 years later...

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