How to make a profit in the stock market? How did u do that? - MQL4 and MetaTrader 4

[Deleted] 2013.01.31 15:52 #11

deVries:

Have rewritten your code and tried a test see also the settings

Not with the best backtestdata but if you do it right it can be profitable

Strategy Tester Report

RSI_strategy_cyxstudio

AlpariUK-Demo - Micro+Classic (Build 451)

Symbol		EURUSD (Euro vs US Dollar)
Period		Daily (D1) 2010.10.01 00:00 - 2013.01.29 00:00 (2010.10.01 - 2013.01.30)
Model		Every tick (the most precise method based on all available least timeframes)
Parameters		RSIPeriod=3; UpperBound=90; LowerBound=5; MASlowPeriod=200; MAFastPeriod=5; Lots=0.1; StopLoss=60; TakeProfit=120; TrailingStop=40; MagicNumber=54333; CommentEA="RSI strategy"; Slippage.Pips=3;

Bars in test	1603	Ticks modelled	40187739	Modelling quality	n/a
Mismatched charts errors	2062601

Initial deposit	3000.00
Total net profit	967.18	Gross profit	2226.34	Gross loss	-1259.16
Profit factor	1.77	Expected payoff	13.62
Absolute drawdown	107.10	Maximal drawdown	327.47 (7.99%)	Relative drawdown	7.99% (327.47)

Total trades	71	Short positions (won %)	66 (69.70%)	Long positions (won %)	5 (80.00%)
		Profit trades (% of total)	50 (70.42%)	Loss trades (% of total)	21 (29.58%)
Largest		profit trade	120.07	loss trade	-60.00
Average		profit trade	44.53	loss trade	-59.96
Maximum		consecutive wins (profit in money)	8 (424.26)	consecutive losses (loss in money)	3 (-179.93)
Maximal		consecutive profit (count of wins)	424.26 (8)	consecutive loss (count of losses)	-179.93 (3)
Average		consecutive wins	4	consecutive losses	2

wat the...?? i had written at least 7-10 times in different ways and it either did not execute any position at all or make negative profit... how did u do that????

One Click Trading - Types of Execution - Types of Execution -

Tjipke de Vries 2013.01.31 15:56 #12

RaptorUK:
That would makes me think there is something not right.

    if (BUYS<1 && CurrentRSI < LowerBound && pAsk > MA200) 
        {    //Condition to execute buy entry  
         Ticket = OrderSend(Symbol(), OP_BUY,......


// LowerBound=5


  if (SELLS<1 && CurrentRSI > UpperBound && pBid > MA200) 
      {     //Condition to execute sell entry
       Ticket = OrderSend(Symbol(), OP_SELL, Lots,......


// UpperBound=90

Normally yes but in this case no, it is done with setting cyxstudio has chosen for RSI

[Deleted] 2013.01.31 15:57 #13

deVries:

Have rewritten your code and tried a test see also the settings

Not with the best backtestdata but if you do it right it can be profitable

Strategy Tester Report

RSI_strategy_cyxstudio

AlpariUK-Demo - Micro+Classic (Build 451)

Symbol		EURUSD (Euro vs US Dollar)
Period		Daily (D1) 2010.10.01 00:00 - 2013.01.29 00:00 (2010.10.01 - 2013.01.30)
Model		Every tick (the most precise method based on all available least timeframes)
Parameters		RSIPeriod=3; UpperBound=90; LowerBound=5; MASlowPeriod=200; MAFastPeriod=5; Lots=0.1; StopLoss=60; TakeProfit=120; TrailingStop=40; MagicNumber=54333; CommentEA="RSI strategy"; Slippage.Pips=3;

Bars in test	1603	Ticks modelled	40187739	Modelling quality	n/a
Mismatched charts errors	2062601

Initial deposit	3000.00
Total net profit	967.18	Gross profit	2226.34	Gross loss	-1259.16
Profit factor	1.77	Expected payoff	13.62
Absolute drawdown	107.10	Maximal drawdown	327.47 (7.99%)	Relative drawdown	7.99% (327.47)

Total trades	71	Short positions (won %)	66 (69.70%)	Long positions (won %)	5 (80.00%)
		Profit trades (% of total)	50 (70.42%)	Loss trades (% of total)	21 (29.58%)
Largest		profit trade	120.07	loss trade	-60.00
Average		profit trade	44.53	loss trade	-59.96
Maximum		consecutive wins (profit in money)	8 (424.26)	consecutive losses (loss in money)	3 (-179.93)
Maximal		consecutive profit (count of wins)	424.26 (8)	consecutive loss (count of losses)	-179.93 (3)
Average		consecutive wins	4	consecutive losses	2

would you please let me look at your code? i need to study it and learn from my mistakes.

Simon Gniadkowski 2013.01.31 16:06 #14

deVries:
Normally yes but in this case no, it is done with setting cyxstudio has chosen for RSI

Ah OK, if you can explain it then there is no cuase for concern ;-)

Tjipke de Vries 2013.01.31 16:09 #15

With UpperBound 90 and LowerBound 10

Strategy Tester Report

RSI_strategy_cyxstudio

AlpariUK-Demo - Micro+Classic (Build 451)

Symbol		EURUSD (Euro vs US Dollar)
Period		Daily (D1) 2010.10.01 00:00 - 2013.01.29 00:00 (2010.10.01 - 2013.01.30)
Model		Every tick (the most precise method based on all available least timeframes)
Parameters		RSIPeriod=3; UpperBound=90; LowerBound=10; MASlowPeriod=200; MAFastPeriod=5; Lots=0.1; StopLoss=60; TakeProfit=120; TrailingStop=40; MagicNumber=54333; CommentEA="RSI strategy"; Slippage.Pips=3;

Bars in test	1603	Ticks modelled	40187739	Modelling quality	n/a
Mismatched charts errors	2062601

Initial deposit	3000.00
Total net profit	782.62	Gross profit	3062.38	Gross loss	-2279.76
Profit factor	1.34	Expected payoff	7.38
Absolute drawdown	106.90	Maximal drawdown	400.70 (9.90%)	Relative drawdown	9.90% (400.70)

Total trades	106	Short positions (won %)	66 (69.70%)	Long positions (won %)	40 (55.00%)
		Profit trades (% of total)	68 (64.15%)	Loss trades (% of total)	38 (35.85%)
Largest		profit trade	120.07	loss trade	-60.12
Average		profit trade	45.04	loss trade	-59.99
Maximum		consecutive wins (profit in money)	8 (425.96)	consecutive losses (loss in money)	4 (-240.12)
Maximal		consecutive profit (count of wins)	490.51 (6)	consecutive loss (count of losses)	-240.12 (4)
Average		consecutive wins	3	consecutive losses	2

How does that look

Trading Report - For Testing Report - Algorithmic Journal of Testing -

Tjipke de Vries 2013.01.31 16:25 #16

cyxstudio:

would you please let me look at your code? i need to study it and learn from my mistakes.

This is the begin.....

Give your comment ..... about what is different from yours so far...

//+------------------------------------------------------------------+
//|                                       RSI_strategy_cyxstudio.mq4 |
//|                                  Copyright 2013, Tjipke de Vries |
//|                                     https://forum.mql4.com/53695/ |
//+------------------------------------------------------------------+
#property copyright "Copyright 2013, MetaQuotes Software Corp."
#property link      "http://www.metaquotes.net"


extern int RSIPeriod        =  3;      //number of periods for RSI
extern double UpperBound    =  90;     //set upper bound value for RSI
extern double LowerBound    =  5;      //set lower bound value for RSI
extern int MASlowPeriod     = 200;
extern int MAFastPeriod     = 5;
extern double Lots  = 0.1;
extern double StopLoss      = 60;       //Set the stop loss level
extern double TakeProfit    = 120;       //Set the take profit level
extern double TrailingStop = 40;
//extra settings for OrderSend
extern int        MagicNumber = 54333;
extern string     CommentEA = "RSI strategy";
extern int        Slippage.Pips    = 3;


int    BUYS=1,SELLS=1;
//++++ These are adjusted for 5 digit brokers.
int     pips2points;      // slippage  3 pips    3=points    30=points
double  pips2dbl;         // Stoploss 15 pips    0.015      0.0150
int     Digits.pips;      // DoubleToStr(dbl/pips2dbl, Digits.pips)
//---
//+------------------------------------------------------------------+
//| expert initialization function                                   |
//+------------------------------------------------------------------+
int init()
  {
//----   
   if(Digits % 2 == 1)  // DE30=1/JPY=3/EURUSD=5 forum.mql4.com/43064#515262
     {pips2dbl = Point*10; pips2points = 10;   Digits.pips = 1;}
     else {pips2dbl = Point;    pips2points =  1;   Digits.pips = 0;}
     // OrderSend(... Slippage.Pips * pips2points, Bid - StopLossPips * pips2dbl        
//----      

//----
   return(0);
  }
//+------------------------------------------------------------------+
//| expert deinitialization function                                 |
//+------------------------------------------------------------------+
int deinit()
  {
//----
   
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| expert start function                                            |
//+------------------------------------------------------------------+
int start()
  {
//----
   int Ticket;
   double SL,TP;
   int Total;
   
   double pAsk = MarketInfo(Symbol(), MODE_ASK);
   double pBid = MarketInfo(Symbol(), MODE_BID);
   double MA200 = iMA(NULL, 1440, MASlowPeriod, 0,MODE_SMA,PRICE_CLOSE, 0);  //200 day Moving Average   
   double MA5 = iMA(NULL, 1440, MAFastPeriod, 0,MODE_SMA,PRICE_CLOSE, 0);      //  5 day Moving Average
   double CurrentRSI = iRSI (NULL, 1440, RSIPeriod,PRICE_CLOSE ,0);
   
   
   if(Bars<100)
     {
      Print("bars less than 100");
      return(0);  
     }
   
   if(AccountFreeMargin()<(1000*Lots))
        {
         Print("We have no money. Free Margin = ", AccountFreeMargin());
         return(0);  
        }


   if(OrdersTotal()<1)
        {
         BUYS=0;
         SELLS=0;
        }

Then take a read at https://www.mql5.com/en/forum/139654 and try to make a loop counting down checking trades

[Deleted] 2013.01.31 16:36 #17

deVries:

This is the begin.....

Give your comment ..... about what is different from yours so far...

Then take a read at https://www.mql5.com/en/forum/139654 and try to make a loop counting down checking trades

Its not complete...

i am trying to fill in the rest and test it now...

by the way why would you use when a simple Ask can return the same value?

double pAsk = MarketInfo(Symbol(), MODE_ASK);

Simon Gniadkowski 2013.01.31 16:38 #18

cyxstudio:

Its not complete...

i am trying to fill in the rest and test it now...

by the way why would you use when a simple Ask can return the same value?

Ask can be out of date, the call above will be current without the need to call RefreshRates()

[Deleted] 2013.01.31 16:43 #19

Aslo the int BUYS=1,SELLS=1; are meant to be indicators whether a position has been opened right?

i add in my own scripts and when i test it with strategy tester for 20 days...nothing happened, no trades were executed

Opening and Closing Positions Opening and Closing Positions Instant Execution - Opening

Tjipke de Vries 2013.01.31 17:02 #20

cyxstudio:

Aslo the int BUYS=1,SELLS=1; are meant to be indicators whether a position has been opened right?

i add in my own scripts and when i test it with strategy tester for 20 days...nothing happened, no trades were executed

when you start your Metatrader the EA has to find out if there is a trade open

I do only the loop counting down for checking trades if there's a trade

If I set it at the beginning on one and OrdersTotal() >0 then I make it checking trades if(.......> || .......> ){do the loop....

Trading Principles - Trade Modifying a Position - Modifying a Position -

Why does my EA keeps giving negative profit when back testing? - page 2