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  • #41
  • Apr 14, 2017 1:53am Apr 14, 2017 1:53am
Quoting badeel
100% profit able ea but expired if someone can remove expiry good ea. Eurusd 1h sl50 tp200 thanks for help {file}

hello i can remove the lock, but first show me past results to prove its actually profitable

i cant waste my resources on something not proven, show me results then i will make it trade again

thanks
  • #42
  • Edited 8:10am Apr 14, 2017 6:09am | Edited 8:10am
Quoting Copernicus
{quote} I s'pose you live only once....the problem is that it is your death that defines how long you live it.
ROFL...I nominate this as the best quote of the Year! Thanks Copernicus!

FWIW, regarding Rob Booker and his trading robots, I know by listening to his podcasts that Rob repeatedly STRONGLY advocates using a VERY SMALL position size relative to the account (similar in mindset to nanningbob) when trading his robots (or for that matter any trading system), therefore if you do get into a bad trade, you're able to wait it out or open recovery trades without going through a severely damaging (psychological) drawdown...

Quoting hanover
{quote} One thing's for sure, no matter what the approach, there is no such thing as return without taking some kind of risk. Trading offers a diversity of potential approaches to suit many different tastes.
Exactly why it's nonsense on this forum to argue about who's trading the "best" trading system... everybody has their own risk appetite, market beliefs, etc. and hence have their own style of trading.. it's just that some traders who have high risk appetites blow up their accounts more frequently than others!

Dave
  • #43
  • Apr 14, 2017 7:21am Apr 14, 2017 7:21am
Quoting thodie
YES, Show me a profitable Trade Explorer / Myfxbook link or Screenshot of a Expert Advisor you have used on your Life account. No matter if it is bought, selfcoded or found on the Internet. Just like to see results. Have a nice Weekend.
there are plenty of topics to discuss about life, please stick to the topic, thank you
just do it
  • #44
  • Apr 15, 2017 12:41pm Apr 15, 2017 12:41pm
Quoting oyaks
{quote} hello i can remove the lock, but first show me past results to prove its actually profitable i cant waste my resources on something not proven, show me results then i will make it trade again thanks
please see enclosed from another forum
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 164 KB
  • #45
  • Apr 15, 2017 1:00pm Apr 15, 2017 1:00pm
Quoting bogdan11
{quote} please see enclosed from another forum {image}
Yes but backtesting results generally cannot be relied on. This strategy would need to be forward tested on demo. Backtesting, even while using high-quality tick data, is not always reliable.
  • #46
  • Apr 15, 2017 2:01pm Apr 15, 2017 2:01pm
Quoting TGS
{quote} Yes but backtesting results generally cannot be relied on. This strategy would need to be forward tested on demo. Backtesting, even while using high-quality tick data, is not always reliable.
Sure but the EA has an expiration date of January 30, 2017. Can anybody remove it ?
  • #47
  • Apr 15, 2017 2:29pm Apr 15, 2017 2:29pm
I had developed few ea ideas, but most of them did GREAT on EURUSD and Blow the Account on AUDUSD,
is an ea considered profitable if it makes profit on only one pair?
  • #48
  • Apr 15, 2017 3:08pm Apr 15, 2017 3:08pm
Quoting NotMe
I had developed few ea ideas, but most of them did GREAT on EURUSD and Blow the Account on AUDUSD, is an ea considered profitable if it makes profit on only one pair?
To me the answer is yes. As i think it is stupid to believe each currency acts the same way.
just do it
  • #49
  • Apr 15, 2017 3:23pm Apr 15, 2017 3:23pm
Quoting thodie
{quote} To me the answer is yes. As i think it is stupid to believe each currency acts the same way.
My guess is that a given market inefficiency would occur and, essentially have the same outcome, on any currency pair and on any timeframe. I suppose with regards to market inefficiencies, it "acts the same way."
  • #50
  • Apr 15, 2017 4:23pm Apr 15, 2017 4:23pm
Quoting TGS
{quote} My guess is that a given market inefficiency would occur and, essentially have the same outcome, on any currency pair and on any timeframe. I suppose with regards to market inefficiencies, it "acts the same way."
each currency has itīs own rhythm in a specific timeframe - if you change the timeframe you wonīt find the exact rhythm in the new timeframe. The rhythm changes from time to time so it is much more like a breakbeat. I would not call this behaviour "pattern" as it is much more like a pattern.
just do it
  • #51
  • Apr 16, 2017 2:17am Apr 16, 2017 2:17am
Quoting bogdan11
{quote} please see enclosed from another forum {image}
Looks similar but I have running on live
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 35 KB
  • #52
  • Apr 16, 2017 4:45am Apr 16, 2017 4:45am
Quoting Deevog
{quote} Looks similar but I have running on live {image}
Dear deevog,

you are using what ea? could you share it? thank you very much

BR,
Victor
  • #53
  • Apr 16, 2017 5:33am Apr 16, 2017 5:33am
Quoting bogdan11
{quote} please see enclosed from another forum {image}
i have been running backtest , it seems its actually 100% but cant tell in real time if results will be the same, reason why now i am paying to remove expiry and use for all accounts, u can send me message we talk more on this
  • #54
  • Apr 16, 2017 1:34pm Apr 16, 2017 1:34pm
Quoting hanover
{quote} Sorry if this disappoints, but there's nothing magical or exciting to be said -- you can't really "ensure" anything -- instead I expect I'll get lynched by the no-SL/nedging mob for daring to suggest the obvious: Suppose my analysis tells me that price is more likely to rise than fall. Then I would set a SL at something like 0.25 ADRs (say that works out at 15 pips) below my entry, and go to bed. Then if price 'unexpectedly' rises 100 pips overnight, I make 100 pips. Whereas if price falls 100 pips, I lose only 15 pips. Hence any 'unexpectedly'...
Thanks Hanover. You are a professional and a veteran. The mere fact that you are still in the market currently shows whatever you do works for you. So, I don't see why any one should have any problem with the way you trade...

Appreciate for sharing your experience and also the concept of Large Candle Roll Back. If it's not much work, could you please include a snapshot of a trade, I am having tough time visualizing price closing above 75% or X % percent/ADR, just want to make sure i understand it correctly.

Thanks
  • #55
  • Apr 16, 2017 2:15pm Apr 16, 2017 2:15pm
Quoting aaven
You are a professional and a veteran. The mere fact that you are still in the market......
A veteran programmer, maybe, but not a professional trader. I'm still in the market because I continue to enjoy tinkering with systems, and I trade very small accounts, hence I can't lose too much.

My desktop PC (which has MT4 on it) is currently at the repair shop, so I can't post a screenshot until I get it back. But suppose you're in a buy trade, and you get a large bullish (close>open) H4 candle that rises above the upper Bollinger band. By 'large', suppose the ADR of the instrument is 100 pips, hence 0.5 ADRs would be 50 pips. Hence a 'large' candle would need to be at least 50 pips high (from low to high). And for it to close 75% of the way up the candle, it would need to close at least 75% x 50 = 37.5 pips above the low. These numbers don't have to be exact, the point is that there has been some serious buying for at least 4 hours; the heavier, the better. It's even better still if price has also hit a solid resistance zone. Now some of these traders will want to take their profits, right? Hence I would expect to see some kind of a pullback, so I close my position and take profit myself. Then, provided I believe that the pair should remain long term bullish, I open a new buylimit position 0.33 ADRs (33 pips) below my exit. Now if price falls to fill my new order, I'm long once again, with an additional 33 pips (less spread) in the bank. If it doesn't, I still have my profit from the original exit, but by exiting I've missed the opportunity of additional profit. Once again I would stress, it is not the numbers that are important, it is whether or not the concept has a sound basis, in terms of reflecting typical trader behavior. Hope that makes sense.
________________________
On the thread topic of EAs, I posted some thoughts here, for whatever they might be worth. These are from the perspective of a programmer who has written, and also experimented with, many different types of EAs.
  • #56
  • Apr 16, 2017 3:24pm Apr 16, 2017 3:24pm
Quoting hanover
{quote} A veteran programmer, maybe, but not a professional trader. I'm still in the market because I continue to enjoy tinkering with systems, and I trade very small accounts, hence I can't lose too much. My desktop PC (which has MT4 on it) is currently at the repair shop, so I can't post a screenshot until I get it back. But suppose you're in a buy trade, and you get a large bullish (close>open) H4 candle that rises above the upper Bollinger band. By 'large', suppose the ADR of the instrument is 100 pips, hence 0.5 ADRs would be 50 pips. Hence...
hey hanover, in all your years programming, have you ever stumbled upon profitable systems ? if yes how many ? thanks.
  • #57
  • Edited Apr 17, 2017 12:52pm Apr 16, 2017 4:37pm | Edited Apr 17, 2017 12:52pm
Quoting metta87
in all your years programming, have you ever stumbled upon profitable systems ? if yes how many ? thanks.
IMHO it is not that simple. I assume that you're referring to automated systems, i.e. EAs.

Example #1: every martingale delivers continuous profit, and provided that you manage to withdraw profits, or reach your financial goal, before the black swan happens to arrive; or provided that you use martingale as a means of growing an inconsequential amount, and then starting over each time there's a margin call........ personally, I would never trade that way myself, but to some folk, it might be perfectly acceptable, and therefore "profitable".

Example #2: consider some of the Rob Booker/Scott Heywood EAs that were being discussed earlier, that take profits quickly, but let open drawdowns grow until they eventually return to profit. According to the podcast I listened to, only 1% of Mr Heywood's trades become a runaway loss, which he manages manually. If you can stomach the open drawdowns (these currently total $65,000 or 26% in his live myfxbook account), and also find a way of managing the runaway trades -- or, put another way, if you're lucky enough to never encounter one that runs away unmanageably -- then you have a very profitable system: Mr Heywood apparently makes a consistent $1,000 per day. For me personally, the (albeit small) risk of consequential loss would keep me awake at night, hence I wouldn't trade such a system. But Mr Heywood has quit his job and his EA is providing him with a decent living; and if you ask him, I'm sure he would tell you that he's profitable.

Example #3: here are some trend following EAs that were written by my programmer friend back in 2013. They operate on robust concepts, and even after allowing for spread and some slippage, have backtested profitably over 6 years worth of quality tick data. But would they be on-balance profitable if traded long term, on a live account? I have no idea.

Anyway, I discuss all of this, and a whole lot of other related stuff more fully here. But to answer your question candidly, it depends on what you mean by "profitable". For me it is more about weighing up the likelihood of future return against the potential risks. No matter how you trade -- manually or automated -- no return is possible without taking some kind of risk, and nothing is absolutely guaranteed.
  • #58
  • Apr 16, 2017 5:00pm Apr 16, 2017 5:00pm
Quoting GuyBaker
If you had designed and coded an algorithm that consistently made money for you, would you give it away? or even sell it?
Hell yes! I would give it away for free. With a slightly lagging timing to create followers :-) That is my market domination plan!

On a more serious note though:
What people ask for is in my opinion highly unlikely. I don't question the possibility of automated trading but I do question the likelihood of cobbling something together in a rather crappy and limited environment like Metatrader by people who mostly don't really know what they're doing.
Automated trading systems that are really automated (and not just semi automated controlled by people who understand that system) are complicated beasts, nothing you can put together on a weekend like most EAs. They are also not written by hobby traders who learned a bit of programming. These are systems developed by engineers, mathematicians and other experts with very deep skills in their fields.
People are sometimes so lucky when they find a pattern they can trade and there's nothing wrong with that but telling that a computer is a very different thing. The next problem is to make sure the computer "learns" when that pattern will work and when it won't - I mean we're talking about automated systems, aren't we?
  • #59
  • Apr 16, 2017 5:39pm Apr 16, 2017 5:39pm
Quoting JensG
{quote} Hell yes! I would give it away for free. With a slightly lagging timing to create followers :-) That is my market domination plan! On a more serious note though: What people ask for is in my opinion highly unlikely. I don't question the possibility of automated trading but I do question the likelihood of cobbling something together in a rather crappy and limited environment like Metatrader by people who mostly don't really know what they're doing. Automated trading systems that are really automated (and not just semi automated controlled...
i agree at least partially. There is a lot of greenness in coding expert advisors. But donīt underestimate coincidence. Iīm a hobby trader since 2009 and a hobby coder since a few years. My last "EA" took me 1.5years until i had the final product - but last week i found an "out of the box" method which is gold.
Without pyton research or big data collection, it was the whole time in front of my eyes. Coincidence - but would i give it away? no! on the last page someone requested to decompile another expert which has a good backtest. I have shared plenty of Experts here in Forex Factory and hoped someone would give me feedback to further develope it, but that doesnīt happen most of the time.
So i agree with your "Status" too.
just do it
  • #60
  • Apr 17, 2017 8:39am Apr 17, 2017 8:39am
Quoting oyaks
{quote} i have been running backtest , it seems its actually 100% but cant tell in real time if results will be the same, reason why now i am paying to remove expiry and use for all accounts, u can send me message we talk more on this
Oyaks - Please see my PM!
Blindly following others will make you blind!
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