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New EA TRIANGULAR PRICE CORRECTION

This EA opens one trade at the opening of *every* candle. So if you use M1 there will be opened a trade every minute. If the pair is trendy they all remain opened and a MC occurs very likely. It seems H1 is recommended. Then every hour a trade is opened.
 
mkowa said:
This EA opens one trade at the opening of *every* candle. So if you use M1 there will be opened a trade every minute. If the pair is trendy they all remain opened and a MC occurs very likely. It seems H1 is recommended. Then every hour a trade is opened.
Click to expand...

Good point, this is why I would also suggest opening trades only in the direction of the main trend, below and above daily open for example.
I saw the message suggesting it trading on 1H time frame, but since the market is fractal, it might also mean that MC would occur as well on 1H chart...only a bit later.
But, I did not test it yet on 1H.
 
Leppozdrav said:
Hey ,

You are right, I was also testing this EA (old version) previous week and it blew, couple of my demo accounts. Mostly I was going with the default settings, trading only on 1M timeframe. Although the EA crashed at the end in at least 3 cases, I have never seen EA gained so many profits so quickly as well. So it does have a potential for solid profits. What we are trying to do now, is to figure out some safety nets and apply some money management rules that would fit this EA the best possible way. So it can really survive long term.
I was testing on friday the latest version with trailing stop and it did quite well, it didn't crash at least. What we should do is try to forward test it as much as possible to find it's weak spots and correct them if possible. I already setup a VPS for the next month, so I can do some live testing.

Another option in future versions, could also be taking trades only in the direction of daily trend.
For example if price is below daily open...EA could take only sell trades and vice versa for buy.

Anyways, keep us updated.

best rgds.
Click to expand...

Hi Leppozdrav,

I was testing EA on M15 which withstood the trend the most and two M5-s one with low spread and commissions and one with no comm. and larger spread. The last one without commission did earn more than 100 % in 48 hours. all tree were tested on pepperstone demo. One can say for sure that accounts with commissions are not good for this EA because later when I will attach statement you'll see that half of gain was eaten by commissions. As for M15 at first it was standing strong and gained more than 10% of initial deposit every day during one week but fridays trend was very strong.

Despite I don't have programming skills and knowledge I have some ideas that you may use or like.

1. I noticed that before EA will take profit, probably every time it sinks in loss and then recovers itself by price retesting. So if we could invert principle of EA and and instead of buying in some cases make it SELL and vice versa. Could we see the proffit that way ?

2. As I know, besides EUR USD which is main trading tool there are involved AUD USD and EUR AUD. This shows that main orientation is defined by movement of AUD against EUR and USD.... So, can we use NZD or JPY or CAD or any other index which is less or more volatility so we would be insured from strong rush (As much as it is possible on Forex market..).



All that from 2018.. And now happy new year guys.


Hope your work will be paid with green pips one day ;)
 
nesta said:
In my opinion, tp is very small and will not be profitable in the accounts of the commission. I can not increase or decrease tp.
Click to expand...
Hi Nesta,

As i mentioned in case of commissions it will eat half of your profit. Try with no commission, even with larger spread.
Believe me i tried both and without comm account gains profit even faster.
 
I am now testing with the latest version with trailing stop using default set, 1M TF. Let's see if it hit MC or not.
I run it on Pepperstone Demo, standard acc.
 
Leppozdrav said:
Ok, here is a "new" update.

The annoying message from the start is removed,
No need for waiting for a tick.
Trailing stop parameter is added. Each trade can be trailed with prefered start, step and stop trail.
New version is in the attachments. I guess next week will be a testing period and then, we can take it from there.
Click to expand...

I have tested this version ea. It seems that the movement is still the same as the old version. very high DD.
 
I am already working on a new version, that will open trades only in a direction of mtf trend. Only buy trades in uptrends and vice versa for sell. Confirmed by at least 2 higher time frames...
 
the ea had not started properly restarting the computer started the ea properly and opened quite some orders
so far it seems to be working properly
unfortunately it is making a loss but it makes a profit eventually so am waiting with the open orders in a demo account
 
Hey Guys,

Hope you had good new year holidays.
Now I am starting to test Leppozdrav's latest version of EA on multi time frames (M1. M5. M15 and H1) would like to leave them alone till next friday (12.01.2017) and see how they will survive news, nightovers and weekends.

Regards,

25
 
Leppozdrav said:
Ok, here is a "new" update.

The annoying message from the start is removed,
No need for waiting for a tick.
Trailing stop parameter is added. Each trade can be trailed with prefered start, step and stop trail.
New version is in the attachments. I guess next week will be a testing period and then, we can take it from there.
Click to expand...

CAN you please attached source code file of this version
 
Hey traders,

I am still tweaking latest version. the EA now follows MTF trend direction. It was in profit and stable during it's first test day today. I want to test it for at least a week, before I decide for new corrections and exit filters. It is running on VPS, so overall results should be clear, quite soon. But so far I am satisfied. Although EA now follows major trend of at least 3 higher time frames, it can still happen, that trades can be executed, just at time, when market decides to reverse. I am trying to avoid those scenarios, so I can smooth equity curve even more. Any interesting ideas on this topic, are more then welcome.
 
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