Try My EA! Need Group Feedback...

Interesting that yesterdays move resulted in a $30+ zigzag. My bad luck to be anchored in the middle of that, instead of at the ends. The movement is there, just that my timing was perfect to lose money. Trying to anticipate the extremes to establish the grid would be a wholly different approach I guess, might be worth looking into.

Also, Pipster, I guess you looked at the antithesis of this approach? It seems that with so much time spent in the red, taking the other side of these trades would correspond to time in the green. Unless the spread screws that up. And of course, along that path lies unlimited risk without SL's , unlike this.

http://www.kitco.com/images/live/nyg...07787682455684

Well, we've had some surprise news, SNB comes after FOMC and has a negative interest rate move. Gold went the opposite of what I thought, plus it's going the opposite of the way it normally interacts with the dollar basket against other currencies.

Some of you say you're boxed in. Now is a good time to look at possible improvements. Look on your platform and see how much free margin you have. One step we can take is adding more steps (no pun) so the EA has opportunity to dig out of the hole sooner.
Another step is increasing the distance between orders, so that less steps are using less margin, and the box is bigger.

Reversing the EA doesn't work over the long run. This EA is made for the long run, gold may be obsessed today with staying at $1200, but sooner or later is will be at $1100 or $1300. The more distance the orders have between them, the slower the profits, but safer the EA is going to be. With a fixed drawdown of 30% or so, there is enough free margin to add twice as many steps, 60, to make EA work. Then we just have to wait. I have had to wait 2 weeks at 20% hanging down for the market to move enough to make it.

Now, if someone really wants to try the limit order only version, I can post it, but you would have to know when to turn it off while market trends, and around news time, use the SL function, and target known ranging times, accepting the risk that gold can make unexpected, crazy moves right out of a slow, flat session, like Tokyo.

That is one of the gold's characteristic I think. I observed it many times.
I would say that the chance of moving up to $1100 or down to $1300 is like 50-50 with some waves up and down then staying at the same position in $1200. Even on this week most likely moving then stay.

One thing for sure, it is moving.

I think we must add more steps and option manage lot size may be reduce lot size for 0,01 for every 1000 usd. Ea should open 0,02 lot after 2000 usd not after 1001 usd.

An observation: the EA kept closing trades (at seemingly random intervals) mostly for a loss

I have now changed EquityGainMultiple to 10.0 (+1%) and it seems to be working just fine. This leads me to suspect that shooting for 0.1% leaves it prone to barely blipping into profit, it then closing trades while the price falls away again resulting in losses

Will keep watching

What can I say... I like what I see.



We'll see what the future brings, but my thoughts are in agreement with dambuster; it's pretty clear that wider gaps and higher equity target play a vital role here.

I agree! Let's keep testing.

Absolutely. We have to eliminate the 'lady luck' variable from the equation, first...

Kosmo, do you mind saying how you have modified the settings?

Im thinking that a reboot on the bot on my account would be in order, and I'll change the profit parameter to take a profit at 1% (unlike the current equivalent 10% on FXCM brokerage calculation). My feeling is that the 10% target, while spectacular when it works, is setting up this box all too easily.

FXCM has a 40-50 point spread, so what would you suggest as a reasonable step size?

Well, I manually exited for a sizable loss, putting myself almost back at the beginning balance. Here are my current settings, with adjustments for step size and target. Since I'm using FXCM, I took the EquityGainMultiple to be 1/10 of the default, effectively making it 1% gain target.

Well, scratch that. I did restart it, but just with the equity target modified. Whenever I tried to modify the step size, it only opened two stop orders, one buy and one sell, after giving several error 4107's for invalid price. Guess I'll have to look at the code and see what I'm doing wrong in the settings I used.

Right now I'm shooting for 1% equity gain on default settings.

Here are my present settings, dgodfrey.




Your spread is closer to Pipster's, so he's probably the best person to ask that question. But, following the logic of my settings, proportionately, I'd say $1.50-2.00 gaps, with the target at 0.6%.

Pipster, please do correct me if I'm wrong here.

Thanks, I'll redo the grid step to decrease my box likelihood hopefully.

That worked on the grid step, now at around .75 between steps. Thanks again : )

Looks like you got it. There is a huge difference between 0.1% and the 10% you were targeting. Lots of room there.

how to share my trade explorer?

Go to settings and put it into your signature

a bit confused, my Steady Gold, nothing was closed from the start of this strategy until now. I guess something wrong.
Is somebody could tell my why it is not closing the orders till 3 days or more?

For now, I'll close it off, restart the strategy again....

UPDATE:
got 3 Steady Gold in my TE, Armada, AGEA, and FXCM.

All orders are filled since wednesday but ea doesnt open new pending orders. I have %1674 margin. Total orders 58. Ea should open new pendings orders to make profit but how ? Is there any settings in it ?

Nope, you are boxed in, hedged and the EA will not open any more orders.

You have 3 options:

 

1. Close all open trades and start again
2. Extend the grid manually to say 35 either side of the current box
3. Remove EA and trade out manually