10points 3.mq4 - page 126
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Hi
Can someone please guide me to the newest version?
Whilst we are discussing changing the progression rate let us not forget the information accumulated in the Detailed Statements posted from the competition with David.
Let us not forget that this EA did accumulate $24000 profit and gave back $14000 after trading through the following News Annouincements.
11:15pm USD ADP Nonfarm Employment Change
Measures the number of new jobs created in the previous month, excluding the farming industry.
11:30pm USD GDP Annualized q/q (p)
The Gross Domestic Product (GDP) Deflator measures the annualized quarterly implied rate of inflation for all economic activity.
11:30pm USD GDP Deflator Annualized q/q (p)
Gross Domestic Product (GDP) measures the total value of all goods and services produced by the economy.
12:45am USD Chicago PMI
The National Association of Purchasing Managers (NAPM) Chicago Purchasing Manager's Index (PMI) measures the health of the Chicago business environment.
Exactly which announcement caused the surge I am not sure but if those announcements had not been traded the loss of $14000 would have been avoided.
Similarly another $14000 was lost after trading through this announcement.
5:15am USD Interest Rate Statement
The central bank's governing body, the Federal Open Market Committee (FOMC), releases an Interest Rate Statement eight times per year.
and even more after this announcement.
11:30pm USD Nonfarm Employment Change
Measures the number of new jobs created in the previous month, excluding the farming industry.
It would be wrong to say that all major announcements should be avoided but there should be a list of those so potentially volatile as to be a threat to these martingale EAs. Just imagine if those announcements had been avoided and the overall result was $44000 better than as posted.
From the 8th January to the 2nd February only three MaxTrades5 were lost and they occurred around the times listed. Please contribute any other News Announcements that we should avoid. It is unrealistic to suggest that EAs using Technical Analysis to direct trading would accurately predict the trading direction of Fundamental Announcements so we should give them some assistance by turning off the EA and closing down the trades in profit prior to a list of volatile announcements.
JohnThat is exactly what I see about this kinda EA. But as long as filtering the news may be an overwhelming task, I was wondering if there is a certain 'gap' between them.
There are times of less volume in forex markets, as shown in GIFs attached. I am no fundamentals expert, but I wonder if it is safer to trade along those times. Maybe the market would be less responsive to news.
Newest version
Hi Can someone please guide me to the newest version?
The version I used for the competition was the original version modified by tururo and can be found on page 18 of this thread. There is a post on page 19 describing how the Dynamic Stop works so it is important to read that too.
John
That is exactly what I see about this kinda EA. But as long as filtering the news may be an overwhelming task, I was wondering if there is a certain 'gap' between them. There are times of less volume in forex markets, as shown in GIFs attached. I am no fundamentals expert, but I wonder if it is safer to trade along those times. Maybe the market would be less responsive to news.
Thank you for the charts I have saved them to my pictures folder for future study.
It is a costly business to close down an EA arbitarily it could be involved in the 4th level of a progression and to close it could cost far more than it may save. So unless you want to monitor the EA and manually decide to close it and trade only certain times of the day it would not be practical.
The aim of an EA is to free you from manual intervention as much as possible indeed the comp went from 8th Jan to 2nd Feb totally untouched and the lesson learned was that only certain news announcements merited manual intervention. I will leave the EA running exactly as before looking for the Maxtrades loss so that more lessons may be learned but when the announcements come round that cost previously I will manually intervene and close down.
John
Why 10point3 lose?
Although testing and working with 10point3 for a while now, I would like to structure my works and findings, so we can all share in future.
It just ocurred to me we are all working in a lot of directions here, wich it is very good. But to base testing and improvements, I would appreciate comments on the following:
What makes 10point3 lose?
What real factor contribute for the MaxTrades to be reached? News? Trends? God? Devil?
However simple the question might be, more experienced opinions may pave the way towards a trading way to winning consistently.
10 points 4
10 points 4 results for the week default settings on H1
5 1218874 2007.02.01 07:28 buy 0.20 eurusd 1.3017 0.0000 1.3033 2007.02.01 14:55 1.3033 0.00 0.00 32.00 [tp]10_point_4_multi MM (2890)
Total for:10_point_4_multi MM (2890) 32.00
6 1211486 2007.01.31 12:53 buy 0.10 eurusd 1.2960 0.0000 1.2976 2007.01.31 14:42 1.2960 0.00 0.00 0.00 10_point_4_multi MM (2891)
7 1211933 2007.01.31 13:42 buy 0.20 eurusd 1.2942 0.0000 1.2958 2007.01.31 14:42 1.2958 0.00 0.00 32.00 [tp]10_point_4_multi MM (2891)
8 1212571 2007.01.31 14:42 buy 0.10 eurusd 1.2963 0.0000 1.2979 2007.01.31 15:07 1.2979 0.00 0.00 16.00 [tp]10_point_4_multi MM (2891)
9 1212997 2007.01.31 15:07 buy 0.10 eurusd 1.2980 0.0000 1.2996 2007.01.31 15:27 1.2996 0.00 0.00 16.00 [tp]10_point_4_multi MM (2891)
10 1213288 2007.01.31 15:27 buy 0.10 eurusd 1.2998 0.0000 1.3014 2007.01.31 15:45 1.3014 0.00 0.00 16.00 [tp]10_point_4_multi MM (2891)
11 1213712 2007.01.31 15:45 buy 0.10 eurusd 1.3016 0.0000 1.3032 2007.01.31 16:13 1.3014 0.00 0.00 -2.00 10_point_4_multi MM (2891)
12 1213942 2007.01.31 15:58 buy 0.20 eurusd 1.2998 0.0000 1.3014 2007.01.31 16:13 1.3014 0.00 0.00 32.00 [tp]10_point_4_multi MM (2891)
13 1214641 2007.01.31 16:13 buy 0.10 eurusd 1.3014 0.0000 1.3030 2007.01.31 19:17 1.3030 0.00 0.00 16.00 [tp]10_point_4_multi MM (2891)
14 1216114 2007.01.31 19:17 buy 0.10 eurusd 1.3035 0.0000 1.3051 2007.02.01 14:55 1.3034 0.00 -2.40 -1.00 10_point_4_multi MM (2891)
15 1222504 2007.02.01 16:49 buy 0.20 eurusd 1.3017 0.0000 1.3033 2007.02.02 07:16 1.3018 0.00 -1.60 2.00 10_point_4_multi MM (2891)
16 1221384 2007.02.01 14:55 buy 0.10 eurusd 1.3035 0.0000 1.3051 2007.02.02 07:19 1.3017 0.00 -0.80 -18.00 10_point_4_multi MM (2891)
17 1225010 2007.02.02 07:19 buy 0.10 eurusd 1.3018 0.0000 1.3034 2007.02.02 11:16 1.3019 0.00 0.00 1.00 10_point_4_multi MM (2891)
18 1225857 2007.02.02 11:16 buy 0.10 eurusd 1.3020 0.0000 1.3036 2007.02.02 11:17 1.3018 0.00 0.00 -2.00 10_point_4_multi MM (2891)
Total for:10_point_4_multi MM (2891) 108.00 Profit Factor: 3.87
19 1200732
Seems there are no sells, looking at the code seems it is set up this way even though in backtesting it does take sells, possibly this was modded with the monthly trend in mind.
tools
some finding which might help you guys
have some contribution. M15.takeprofit=10,Max trade 5, Pips=6, InitialStop=1.0,MM=1,Risk=1......looks invincible.
cant belive it
have some contribution. M15.takeprofit=10,Max trade 5, Pips=6, InitialStop=1.0,MM=1,Risk=1......looks invincible.
Nice, and share EA?
Nice, and share EA?
go and modified the decoration yourself on turoro's version on page 18. i renamed it after my daughter's name. stop loss i change to bool, instead of int.... and you can read all the setups on the backtest. thats all i willing to contribute
have some contribution. M15.takeprofit=10,Max trade 5, Pips=6, InitialStop=1.0,MM=1,Risk=1......looks invincible.
Nice. Unfortunately, no retail broker is going to allow you to place 300+ trades per day on a live account.