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I started a new thread since we hijacked the "whats matt doing" thread.

Good idea Ben (to start new thread)

I thought your demo account info would be handy here.


"So on that note here are my live results from a demo alpari uk account
Login : 637735
Investor : hb7cmaf (read only password)"

Good thinking Batman

I'm so impatient, I'm so eager to see another week's results

Thanks Ben, that was very considerate of you. I too am eager to see another week's results and plan to start putting this EA together this week from scratch.

Thanks again.

No worries, you are clear on the rules for the EA?

I didnt publish them as i dont want anyone diving in with a live account with it all the ghetto format its in.

I'm available for a chat if need be, also anyone lse who wants to talk forex, bencoulthard AT hotmail DOT co DOT uk

just take the spaces out, dont want any more spam :-)

Hi

Having a chance now to see how the orders are being placed I have a comment or two regarding this EA.

I think what you have here is an excellent Ranging market EA. In a ranging market the 'small TP's' get hit often as prices swing back and forth over a given pip range.

In a strong trending market like we had last fall getting caught in the wrong direction like G/U in your current test account at the moment, would pretty much be the end of the account.

It may also be of benefit to have a large account balance to begin with. I see that right now the drawdown is over $500 which is more than your starting balance of $400 leading me to believe that if you had started your testing this week instead of last your account would be finished.

I think it would be a good idea to have an 'emergency exit' opition in this EA. Maybe something like closing any trade or set of trades if they eat in the account by a predetermined percentage of account.

This EA is worthwhile exploring further because of its ability to clean-up in a ranging market, but we really need a way to safegaurd against excessive drawdowns.

Another option that would be beneficial would be maximum trades allowed for any given pair. ie. is the EA allowed to go to level 3 or only level 1.

Does the EA require a set-up before it takes a trade or does it just need to always have a trade open? Requiring a set-up may help decrease the number of trades that go into large drawdowns.

Also, and this is probably obvious, I think the TP and SL levels need to be adjustable by the user. This will allow tailoring to the range of any given pair if the EA is not already doing that.

I fully agree. All of the options above will be available.

I was involved in helping to develop the 10point3 EA as well as others like Terminator, Jugulator (mine), Firebird, etc.

I feel this EA will manage open trades like any well rounded martingale type system with the major difference being the obscene amount of choices for taking a trade in the first place. I see an EA that can open trades based on most of the existing EAs here like AshFX, PipNailer, MyFutureBAT, etc. but then having the trades managed like a martingale system from that point on. The EA will allow for any or all systems to act as a valid entry so one could configure the EA to take trades based on AshFX and MyFutureBAT signals but skip PipNailer signals, etc. Entry signals could be based on AshFX, MyFutureBAT, PipNailer, RollerCoaster, and SynergyMethod. These EAs/systems have clear entry signals which is why they would be chosen. Other EAs like BreakoutSentinel, DailyHighLow, etc. would excluded due to the entries and how the trades are then managed.

I fully agree. All of the options above will be available.

I was involved in helping to develop the 10point3 EA as well as others like Terminator, Jugulator (mine), Firebird, etc.

I feel this EA will manage open trades like any well rounded martingale type system with the major difference being the obscene amount of choices for taking a trade in the first place. I see an EA that can open trades based on most of the existing EAs here like AshFX, PipNailer, MyFutureBAT, etc. but then having the trades managed like a martingale system from that point on. The EA will allow for any or all systems to act as a valid entry so one could configure the EA to take trades based on AshFX and MyFutureBAT signals but skip PipNailer signals, etc. Entry signals could be based on AshFX, MyFutureBAT, PipNailer, RollerCoaster, and SynergyMethod. These EAs/systems have clear entry signals which is why they would be chosen. Other EAs like BreakoutSentinel, DailyHighLow, etc. would excluded due to the entries and how the trades are then managed.

Fantastic! I look forward to testing.

Ranging market EA yes I agree, for trending I like AshFX

Precautions need to be made to trade this on a live account, the entry system is no better than a coin flip right now.

Indeed the account needs to be a good size, I only opened it at £400 cos thats where my account started and I was being realistic.

The emergency exit at the moment is 500 pips which i estimate to be around £350 max.

The EA has that already, it is set to 3 levels of trade, you can have 4-infinity.

The tp and sl are adjustable, these were the figures i saw on the russian guy advertising on FF so i figured it was as good a starting/testing point as any

Another thing to consider about the enrty is the timescales, i just set this on M1 for the hell of it.
Would it be possible to configure multi timeframe confirmations for entry?

We dont want too many entries set to true, you're gonna end up with 1 trade per year.......be a good one though :-)

You have a point here, but something I was thinking about this evening is.

You are assuming a total automation, if a pair is trending long term you can set your ea to take trades with the trend only by setting long or short only on the properties.

I dont know if this can be programmed into the EA, if so, I guess it would have to be another entry signal that looks back over a month or so for a trend.

Another thing to consider about the enrty is the timescales, i just set this on M1 for the hell of it.
Would it be possible to configure multi timeframe confirmations for entry?

We dont want too many entries set to true, you're gonna end up with 1 trade per year.......be a good one though :-)

Ben,

I don't think I explained it well enough. What I mean by multiple entry signals is that any one of them can be satisfied and open a trade. Lets just say you chose AshFX and MyFutureBAT as true and all the rest were set to false... If you got a proper signal from either set of rules (AshFX or MyFutureBAT) then the EA would open the trade.

Also, each system for entry would have the same configuration parameters as they have in the individual EAs right now.

Hope that clears it up a bit.

Thought you meant if the signal lines up with all the EAs, where you mean either or.
Got it.

My apologies but I moved this thread here since work has already begun making the official EA. If all goes well I should be releasing it within the next week.

Heres the original crazy pyramid account i got ideas from

account 4569702
investor 5eavydb
server ip 193.33.71.43:443 (Demo MasterForex!!!!)

i thought he had given up on it, but now he restarted, you will see it is similar to the account i gave details for above but i dont know this guys entry rules, i have the rules for managing and exit, see if anyone can work out the entry.

2 files, 1st shows the equity graph from the account on the last post

Attached Image (Click thumbnail to expand)

And my demo account so far

Attached Image (Click thumbnail to expand)

There are different entries, but the trade management is the same.

Mine currently has drawdowns of around 700, I dont mind a drawdown of 700 if it doesnt happen regular and the profits out weigh the losses in the long term.

The only way to test this system is as we are doing on a forward test, no way could you get a real life multicurrency backtest. Another thing I am doing whilst this is running is making a note of the currencies that tend to have the bigger drawdowns, if I do move it to a live account, they will be avoided or delayed until I have the equity to deal with it.

Matt, the crude EA I sent you, what are the entry signals on that? I cant tell from reading the code.

It's based on a simple MACD calculation.

I have a rule i'd like to add to this.

The EA has a trade limit called "MaxTrades". So when the EA has 3 open, it wont open another.

Id like to see it be able to keep the set of 3, and open a fresh set from trade 1 again, also with an option to only take trades at this level in the same currency in the opposite direction to the 3 already open.

Am I making sense?