New EA TRIANGULAR PRICE CORRECTION

It made 352 trades until now, all were profitable in theory. But commission eats half of the profits. I need to work on that as well,

 

Can you please test it on Pepperstone Standard Demo Account becoz EURUSD spread is very Low.
Thanks Leppozdrav..

 

hi there Leppozdrav,i suggest one idea that trades are to taken only if the spread is below a user configurable limit
if the spread is above that limit we close all trades and stay out of the market
or we could give the user a configurable options about what to do in the event that the spread is above a certain threshold

 

thanks for sharing.

 

Hi Lepp,

You know, first I thought that commissioned accounts were the worst but it shows that accounts with no comm and higher spread go negative in night hours when spread goes wider than usual. In that case commissioned accounts gain more and if you are going to test it in that way then try Tickmill because it has even lower commissions (approximately on 1/3 lower) than pepperstone and probably the same spread.

I continue to test your latest version of EA but surprisingly M1 was destroyed in one day on last friday, M5 and M15 also went in drawdown. Only H1 is standing strong and stable and gives approximately 5% per day from initial account, which means doubling deposit in one month. Yesterday also started to test M30. Will post results on Friday evening.

P.S. - Personally not involved in opening/closing orders no matter what, lets see how EA will perform itself.

 

Hey 25,

You are right and i am aware of that. Although commissions eats some of the profits, win rate of ea, still comes on positive most of the time. But i was stil thinking maybe of extending those take profits for 1 or 2 pips more, so the growth can be faster. Pepperstone has a good execution but higher commissions than tickmill, therefore i am doing my forward tests on tickmill as well. Please all bare in mind that this ea is meant to be used on 1h chart. So i am not surprised you got the best results there. Thats great. Nevertheless i am trying to tweak it, so it can work on all timeframes. Thanks for keeping those forward tests untouched....it really helps when more people are testing it...on diferent tf's, like you do. Keep us posted and stay tuned

 

Yup,

Thanks for reply. As couple of guys before me also mentioned that TP is to close I also think that extending TPs for a bit will be a good idea, because once the price turns on "our" side and hits our TPs most of time it continues to go that way further more so this idea has all rights to live. I also think that H1 will be the one, maybe also M30 but let's see. We don't need to hurry in our decisions. M1 and M5 just look too good to be true

 

Are you testing h1 with default settings?

 

Yes, just reattaching it every morning.

 

instead of reattaching every morning how about the ea stops trading for the day and restarts trading the next day once a profit target is reached

 

I am not use M1 but sometime look on M5
I think on M1 will often occured false signal movement,
but for scalping ea might will good because will very active trading

 

Yes it is very active, but in case of bull/bear rally it can completely draw your whole account down just in half day, because it opens one order per minute and eats out equity and once the rally is over and there is time for price correction you have no free margin to balance your lost orders and this is it. It would be fantastic if we could detect whether the rally is going to be started but ...

In other words M1 and M5 are more suitable for flat market conditions..

 

Yes off course, but still I prefer to reattach.

 

"Default Settings" are the ones in the EA of post 143?
Sorry, I get a Little confused.
Maybe you atach the actual one you use?
Thank you!

 

Under default settings I consider not changing anything but the lot: 0.01 for 100 usd and 0.1 for 1000 usd. not sure which post is it exactly but it is last update of EA from Leppozdrav.

 

Thank you!

I was not sure because of the Default risk of 15.

 

Hi Guys,

I would like to post my results as promised in previous week, so things go like this:

M1 was destroyed in two days with default settings. (Pepperstone demo without commissions but bigger spread)

M5 and M15 were fighting all week long and despite large draw downs they both have recovered themselves and yo can consider them as in No loss/No profit conditions. as for settings for both I have extended gain percentage up to 20-25%. (M5 pepperstone demo without commission and bigger spread , M15 with minimum spread and commission)

M30 .......... was lookin' good,but fucked up right now. With extended gain percentage as well. (Pepperstone demo without commissions but bigger spread)

H1 - most interesting one, because it worked out really nice.. Fore example starting from 1080 USD now it has 1729 USD on balance in just 7 business days, and handled tough market conditions until one case which I am going to attach as a screenshot with descriptions. I only will add that Yesterday I extended gain and loss percentage to 100% because wanted to see how will EA perform with its maximum potential and here it is. (Pepperstone demo with commission and minimum spread)

P.S. If it would be a real account I would be involved in opening/closing of orders I am sure that I would be only in profit today and many of these orders shown in attached image would have been closed already, but as it is an observation/research lets watch till the end as it is on edge, but still has chance to work it out.

 

First of all, thank you for your efforts and the work you do for yourself and for all of us.

What I would like to know. The two orders with high DD had not been closed and now you want to know if the EA closes them by itself, right?
I also test the EA on ICM demo and - starting three days ago I have an actual loss of 7% using the standard set.
We´ll see ...

 

Yup,

M15 and M15 had large DD but recovered, however this last hour bull rally just killed H1.
You can find attached detailed statement for 4-12 January period.

P.S. I think if i would close that two orders manually it would be pretty fine now. But no worries ) by the way Leppozdrav is working on EA which will trade only trend direction so I think it will be able to avoid such kind of collapse.

 

Thanks for your updates guys....

I am still working on it. I don't see any sense posting each version, until it's done like it has to be.

Update: following trend helps, but it's not significant, since a lot of equilibrium setups occur on counter trends, therefore oppurtunities are missed.

I am curently running ea on 1m with 100% risk for the whole week. It is a money machine reaching around 2-5% daily.
DD so far is only 1%. With this ea, as it stands now, you have to milk the full potential out of it...so the starting balance is what you are prepaired to risk. But i dont want that....i want to play it safe...i guess we all do.

I am trying stop losses on each order, percent loss which doesnt stop ea and so on. I think sooner or later a scenario occurs that takes open positions in the wrong direction, where we all start sweating.

I think the only safety net for this ea not to blow, is to hedge all loosing positions after some percent loss. Do you guys might have any creative ideas..how we could hedge those unsafe positions and when. So we won't have scenarios like that picture shows..

....back to the lab