[REQ] MRN Bot

[halcyonn]

well,i have posted a reasonably good backtest.i think its a good ea.if you need better modelling quality kindly run a backtest ...my tools are not optimal for high modelling quality...sometimes though i get better modelling quality by accident.

[eric07]

still can't believe people still searching a robot that no guarantee long term profit. I prefered searching a system rather than Ea's.

[soundfx]

Hi halcyonn,

 

A backtest with anything less than 90% modelling quality is worthless. I've seen EA's which would make you a millionaire in weeks with poor modelling which when tested properly give a thumping great loss instead.

 

I've seen other posts on the net about this EA and the faked results and what Clovelly has pointed out is an absolute classic lol.

 

I agree with eric07, there is no magic automated system (certainly not on sale for $97 lol) which you can simply plug in and it will consistently earn you all the cash you need. If trading was really that easy, wouldn't the banks be running stacks of EAs rather than employing manual traders?

 

If you're interested in making money from trading, then manual trading is the way to go. I don't suggest trying all out new systems with a zillion fancy indicators either. There are some good links here to ebooks on price action and reading naked charts - that's all anyone needs for a system, all the rest is about perseverance (learning from your mistakes), psychology (overcoming greed and fear emotions), sensible money management (preserving your capital) and focus (paying full attention to current market conditions and being adaptable when conditions change) when trading.

 

Not that you'll listen to what I say :) I did exactly the same several years ago and wasted those years looking for the perfect automated (easy money) system which doesn't exist.

[robotfx2]

Here you are the full package for future

 

http://www.fileserve.com/file/GTY3BNa

[⭐ fxknight]

This is a cheapened version of Megadroid_XE (or EA Kain) for that matter. I recommend using the MD_XE original that was posted in this forum if you are into Asian trading.

 

Cheers

[mopips]

well,i have posted a reasonably good backtest.i think its a good ea.if you need better modelling quality kindly run a backtest ...my tools are not optimal for high modelling quality...sometimes though i get better modelling quality by accident.

I ran the same test as you plus several other years with normal and advanced versions with 90% modeling quality and could not get it to be profitable. I would be interested to see what your back test looks like at 90% quality to see if it is similar to mine.

[halcyonn]

Strategy Tester Report

MRN Bot - Advanced Edition

FXOpen-ECN Demo Server (Build 225)

 

Symbol USDCHF (US Dollar vs Swiss Franc)

Period 15 Minutes (M15) 2010.10.01 00:00 - 2010.10.26 23:45 (2010.10.01 - 2010.10.27)

Model Every tick (the most precise method based on all available least timeframes)

Parameters Welcom="-----MRN Bot Advanced Edition-----"; TPSL="-----TakeProfit/StopLoss-----"; TakeProfit=11; StopLoss=50; FiveDigitBroker=true; SpreadControl="----------Spread Control----------"; MaximumSpread=11; MoneyManagement="----------Money Management----------"; MinimumLotSize=300; UseMoneyManagement=false; PercentageofEquityRisked=100; TimeManagement="----------TimeManagement (GMT)----------"; StartTradeHour=23; StartTradeMinute=40; StopTradeHour=1; StopTradeMinute=0; TradeOnMonday=true; TradeOnFriday=true; MagicNumber=5654323;

 

Bars in test 2717 Ticks modelled 535457 Modelling quality 90.00%

Mismatched charts errors 0

 

Initial deposit 100000.00

Total net profit 91358.60 Gross profit 91358.60 Gross loss 0.00

Profit factor Expected payoff 6090.57

Absolute drawdown 13065.36 Maximal drawdown 31897.05 (24.18%) Relative drawdown 24.18% (31897.05)

 

Total trades 15 Short positions (won %) 10 (100.00%) Long positions (won %) 5 (100.00%)

Profit trades (% of total) 15 (100.00%) Loss trades (% of total) 0 (0.00%)

Largest profit trade 14771.24 loss trade 0.00

Average profit trade 6090.57 loss trade 0.00

Maximum consecutive wins (profit in money) 15 (91358.60) consecutive losses (loss in money) 0 (0.00)

Maximal consecutive profit (count of wins) 91358.60 (15) consecutive loss (count of losses) 0.00 (0)

Average consecutive wins 15 consecutive losses 0

 

 

shorter test with 90 percent modelling quality.

 

i did get another test with 89.97 percent quality for last 11 years.i had steepening good looking equity curve

[halcyonn]

StrategyTester.gif (5.74 KB) http://www.multiupload.com/D9A4HLHC0G

StrategyTester.htm (823.51 KB) http://www.multiupload.com/01Z6RI7ZY0

 

 

90.00 modelling quality by some lucky chance.

 

test runs through the infamous year 2008.right from January till today.

 

 

Strategy Tester Report

MRN Bot - Advanced Edition

FXOpen-ECN Demo Server (Build 225)

 

Symbol USDCHF (US Dollar vs Swiss Franc)

Period 15 Minutes (M15) 2008.01.02 10:00 - 2010.10.26 23:45 (2008.01.01 - 2010.10.27)

Model Every tick (the most precise method based on all available least timeframes)

Parameters Welcom="-----MRN Bot Advanced Edition-----"; TPSL="-----TakeProfit/StopLoss-----"; TakeProfit=11; StopLoss=50; FiveDigitBroker=true; SpreadControl="----------Spread Control----------"; MaximumSpread=11; MoneyManagement="----------Money Management----------"; MinimumLotSize=300; UseMoneyManagement=false; PercentageofEquityRisked=100; TimeManagement="----------TimeManagement (GMT)----------"; StartTradeHour=23; StartTradeMinute=40; StopTradeHour=1; StopTradeMinute=0; TradeOnMonday=true; TradeOnFriday=true; MagicNumber=5654323;

 

Bars in test 64583 Ticks modelled 19404098 Modelling quality 90.00%

Mismatched charts errors 0

 

Initial deposit 100000.00

Total net profit 3456955.56 Gross profit 5357103.10 Gross loss -1900147.54

Profit factor 2.82 Expected payoff 4278.41

Absolute drawdown 27262.52 Maximal drawdown 269415.68 (18.65%) Relative drawdown 56.77% (95514.46)

 

Total trades 808 Short positions (won %) 459 (88.67%) Long positions (won %) 349 (91.98%)

Profit trades (% of total) 728 (90.10%) Loss trades (% of total) 80 (9.90%)

Largest profit trade 25728.75 loss trade -50563.90

Average profit trade 7358.66 loss trade -23751.84

Maximum consecutive wins (profit in money) 86 (693889.29) consecutive losses (loss in money) 6 (-235368.46)

Maximal consecutive profit (count of wins) 693889.29 (86) consecutive loss (count of losses) -235368.46 (6)

Average consecutive wins 20 consecutive losses 2

[mopips]

Wow! I don't understand why your backtests are so different than mine. I'm going to have to do more backtesting to see if I can figure out how to get profitable results like you did. Thanks for sharing your tests.

[mopips]

halcyonn, one thing that would be helpful is to know what the spread was when you ran each backtest. As most of us and you probably know, the MT4 backtester uses whatever the current spread is at the time the backtest starts for the whole test. This can be an issue when testing an asian scalper like this as spreads are often quite a bit higher during the asian session as liquidity is much lower. I run my backtests with MT4 offline so I have a fixed consistent spread for my backtests. I try to use a spread that is as close as possible to the average spread during the asian session. Now, this doesn't mean my backtests are better than yours as they may not be, but it would be good to know the spread for each backtest so we can compare apples to apples. I'm not sure if spread is the difference between your tests being profitable and mine being unprofitable, but it's something to consider.

[shumway]

http://mrnbot.mqldevteam.com/traders/files/MRNBotManualStrategy.zip

 

mrnbot manual strategy

[halcyonn]

Mopips,spread was 2.i will rerun the backtest during the input hours from asian session and see if test is any different then.

[PIPHORE]

halcyonn did you change default value of TP and SL to 11 and 50 respectively for above back test? coz I saw previous back test you use TP and SL recommended value from the author which is 13 and 72?

[halcyonn]

Piphore,yes i ran an optimisation later and then did the backtest.inputs for each backtest are visible in the posted tester snapshot.

 

Mopips,i just double checked my first long backtest was yesterday from jan 1999 to october 2010 and it started a little before 2300 gmt and was done during somewhat larger spreads of upto 3.5 rather than the usual 2.that 11 year backtest had 89.97 modelling quality.

[mopips]

Here's what I get with standard. It takes a 10K account and runs it down to $1497 when started Jan 1, 2010. This is with spread = 3.5:

 

Symbol USDCHF (US Dollar vs Swiss Franc)

Period 15 Minutes (M15) 2010.01.04 00:00 - 2010.10.28 23:45 (2010.01.01 - 2010.10.29)

Model Every tick (the most precise method based on all available least timeframes)

Parameters Welcom="-----MRN Bot Standard Edition-----"; TPSL="-----TakeProfit/StopLoss-----"; TakeProfit=11; StopLoss=50; FiveDigitBroker=true; SpreadControl="----------Spread Control----------"; MaximumSpread=11; MoneyManagement="----------Money Management----------"; MinimumLotSize=1; UseMoneyManagement=false; PercentageofEquityRisked=10; MagicNumber=516523;

Bars in test 21325 Ticks modelled 15424674 Modelling quality 90.00%

Mismatched charts errors 0

Initial deposit 10000.00

Total net profit -8502.30 Gross profit 6925.14 Gross loss -15427.44

Profit factor 0.45 Expected payoff -45.23

Absolute drawdown 8502.30

Maximal drawdown 9425.82 (86.29%)

Relative drawdown 86.29% (9425.82)

Total trades 188

Short positions (won %) 119 (60.50%)

Long positions (won %) 69 (75.36%)

Profit trades (% of total) 124 (65.96%)

Loss trades (% of total) 64 (34.04%)

[mopips]

And I get identical results with Advanced. It takes a 10K account and runs it down to $1497 when started Jan 1, 2010. This is with spread = 3.5:

 

Symbol USDCHF (US Dollar vs Swiss Franc)

Period 15 Minutes (M15) 2010.01.04 00:00 - 2010.10.28 23:45 (2010.01.01 - 2010.10.29)

Model Every tick (the most precise method based on all available least timeframes)

Parameters Welcom="-----MRN Bot Advanced Edition-----"; TPSL="-----TakeProfit/StopLoss-----"; TakeProfit=11; StopLoss=50; FiveDigitBroker=true; SpreadControl="----------Spread Control----------"; MaximumSpread=11; MoneyManagement="----------Money Management----------"; MinimumLotSize=1; UseMoneyManagement=false; PercentageofEquityRisked=10; TimeManagement="----------TimeManagement (GMT)----------"; StartTradeHour=23; StartTradeMinute=28; StopTradeHour=1; StopTradeMinute=44; TradeOnMonday=true; TradeOnFriday=true; MagicNumber=5654323;

Bars in test 21325 Ticks modelled 15424674 Modelling quality 90.00%

Mismatched charts errors 0

Initial deposit 10000.00

Total net profit -8502.30 Gross profit 6925.14 Gross loss -15427.44

Profit factor 0.45 Expected payoff -45.23

Absolute drawdown 8502.30

Maximal drawdown 9425.82 (86.29%)

Relative drawdown 86.29% (9425.82)

Total trades 188

Short positions (won %) 119 (60.50%)

Long positions (won %) 69 (75.36%)

Profit trades (% of total) 124 (65.96%)

Loss trades (% of total) 64 (34.04%)

[mopips]

test runs through the infamous year 2008.right from January till today.

 

Strategy Tester Report

MRN Bot - Advanced Edition

FXOpen-ECN Demo Server (Build 225)

 

Symbol USDCHF (US Dollar vs Swiss Franc)

Period 15 Minutes (M15) 2008.01.02 10:00 - 2010.10.26 23:45 (2008.01.01 - 2010.10.27)

Model Every tick (the most precise method based on all available least timeframes)

Parameters Welcom="-----MRN Bot Advanced Edition-----"; TPSL="-----TakeProfit/StopLoss-----"; TakeProfit=11; StopLoss=50; FiveDigitBroker=true; SpreadControl="----------Spread Control----------"; MaximumSpread=11; MoneyManagement="----------Money Management----------"; MinimumLotSize=300; UseMoneyManagement=false; PercentageofEquityRisked=100; TimeManagement="----------TimeManagement (GMT)----------"; StartTradeHour=23; StartTradeMinute=40; StopTradeHour=1; StopTradeMinute=0; TradeOnMonday=true; TradeOnFriday=true; MagicNumber=5654323;

 

Bars in test 64583 Ticks modelled 19404098 Modelling quality 90.00%

Mismatched charts errors 0

 

Initial deposit 100000.00

Total net profit 3456955.56 Gross profit 5357103.10 Gross loss -1900147.54

Profit factor 2.82 Expected payoff 4278.41

Absolute drawdown 27262.52 Maximal drawdown 269415.68 (18.65%) Relative drawdown 56.77% (95514.46)

 

Total trades 808 Short positions (won %) 459 (88.67%) Long positions (won %) 349 (91.98%)

Profit trades (% of total) 728 (90.10%) Loss trades (% of total) 80 (9.90%)

Largest profit trade 25728.75 loss trade -50563.90

Average profit trade 7358.66 loss trade -23751.84

Maximum consecutive wins (profit in money) 86 (693889.29) consecutive losses (loss in money) 6 (-235368.46)

Maximal consecutive profit (count of wins) 693889.29 (86) consecutive loss (count of losses) -235368.46 (6)

Average consecutive wins 20 consecutive losses 2

 

Here's my test. I noticed you changed the start and stop times as well as the tp and sl, so I set mine exactly the same as yours for a true apples to apples comparison. Still can't figure out how all of yours are extremely profitable and all of mine are extremely unprofitable?

 

Symbol USDCHF (US Dollar vs Swiss Franc)

Period 15 Minutes (M15) 2008.01.02 09:00 - 2010.10.28 23:45 (2008.01.01 - 2010.10.29)

Model Every tick (the most precise method based on all available least timeframes)

Parameters Welcom="-----MRN Bot Advanced Edition-----"; TPSL="-----TakeProfit/StopLoss-----"; TakeProfit=11; StopLoss=50; FiveDigitBroker=true; SpreadControl="----------Spread Control----------"; MaximumSpread=11; MoneyManagement="----------Money Management----------"; MinimumLotSize=1; UseMoneyManagement=false; PercentageofEquityRisked=10; TimeManagement="----------TimeManagement (GMT)----------"; StartTradeHour=23; StartTradeMinute=40; StopTradeHour=1; StopTradeMinute=0; TradeOnMonday=true; TradeOnFriday=true; MagicNumber=5654323;

Bars in test 64740 Ticks modelled 20015740 Modelling quality 90.00%

Mismatched charts errors 0

Initial deposit 10000.00

Total net profit -4929.95 Gross profit 46703.14 Gross loss -51633.09

Profit factor 0.90 Expected payoff -5.80

Absolute drawdown 6093.95

Maximal drawdown 10677.11 (73.22%)

Relative drawdown 73.22% (10677.11)

Total trades 850 Short positions (won %) 513 (75.05%) Long positions (won %) 337 (78.93%)

Profit trades (% of total) 651 (76.59%) Loss trades (% of total) 199 (23.41%)

Largest profit trade 231.39 loss trade -525.15

Average profit trade 71.74 loss trade -259.46

Maximum consecutive wins (profit in money) 41 (3704.28)

consecutive losses (loss in money) 9 (-1786.89)

Maximal consecutive profit (count of wins) 3704.28 (41)

consecutive loss (count of losses) -2671.25 (6)

Average consecutive wins 8 consecutive losses 2

[halcyonn]

can't say.will need to run tests on Alpari or some other broker before a verdict.

 

will do if i get time in coming weeks!

[isssac]

could it be the deposit?

 

mopips=10k

halcyonn=100k

[freddy]

There is one major diff. in your tests besides the start hour (lol)

 

halcyonn

PercentageofEquityRisked=100;

 

mopips

PercentageofEquityRisked=10;

 

 

Perhaps that is what makes it or breaks it?

[MetaCrazy]

anyone forward testing this? i have tried it and each time, two times so far, it has opened trades it has crashed my MT4 terminal. anyone else having the same thing?

[jacknie]

Hi,

 

I am forward testing it on demo and you can only run on 1 pair. If I open antoher pair it crushes my metatrader.

In addition, my results are mixed. I had a small win on eurusd & usdchf and huge loss on eurgbp

 

It trades only for 2 hours asian session. I do not see how you can make any money with it. One win one loss etc.

 

Honestly, I am getting tired testing these Eas. Guy looks genuine on the video, builds everyone's hope and the same bs. I don't get these guys. Since the purchase is fully refundable what's the point. I keep asking myself a question: is there an EA that makes money?

 

Jack

[mopips]

could it be the deposit?

 

mopips=10k

halcyonn=100k

 

No, when I run the test with 100k, starting from Jan 2008, it runs the whole 100k down to almost zero as well.

[mopips]

There is one major diff. in your tests besides the start hour (lol)

 

halcyonn

PercentageofEquityRisked=100;

 

mopips

PercentageofEquityRisked=10;

 

 

Perhaps that is what makes it or breaks it?

True, but we both have money management turned off on our backtests, so risk is irrelevent in this case. And if I try to backtest with money management turned on, it produces tons of ordersend errors and doesn't take trades.

Edited October 30, 2010 by mopips

[freddy]

Hi,

 

I am forward testing it on demo and you can only run on 1 pair. If I open antoher pair it crushes my metatrader.

In addition, my results are mixed. I had a small win on eurusd & usdchf and huge loss on eurgbp

 

It trades only for 2 hours asian session. I do not see how you can make any money with it. One win one loss etc.

 

Honestly, I am getting tired testing these Eas. Guy looks genuine on the video, builds everyone's hope and the same bs. I don't get these guys. Since the purchase is fully refundable what's the point. I keep asking myself a question: is there an EA that makes money?

 

Jack

 

 

Hi Jack,

 

I think you are perfectly right.

 

But you know that all buyers won't ask for refund.

Marketers know the psychology of buyers.

If they have 30%/50% refund they can keep up their good business for the next one to produce!

 

Usually, buyers (at the beginning) go from one EA to the next one, hoping for the graal.

They don't have the patience to test thoroughly, so some "keep their EAs "on the shelf for the cold winter in front of chimney" and forget to ask for refund.

 

Anyway, they open their mailbox with the almost everyday "new never seen, make a fortune, own the world" hottest EA, and it is a never ending game.

 

 

As to "is there an EA that makes money?", I would say I did not find any commercial EA being able to perform well in all market conditions and unatended.

 

But i am sure you can find some decent ones if you put them at work only at certain hours for some, or in the direction of the trend for others...

 

You can have a look at fx4_ever grid trading strategy, or also look at xxl205 ideas (very interesting)

http://indo-investasi.com/showthread.php/9026-Blessing-3-v3.8.1?p=112691#post112691[/Code]

 

...but as always it requires some work and some understanding at how the markets work.

 

freddy