Automatic Loss Recovery System (ALR) - read this first

Post your EA's using ALR here

Automatic Loss Recovery System (ALR) - read this first

Postby mastru84 » Mon Nov 17, 2014 5:12 pm

TheInsider » Mon Nov 03, 2014 2:08 pm wrote:Yes, you're right about ebay harvesters and similar cons that have no genuine interest to learn and use but only find an easy way to earn some extra money on behalf of others. Sadly to say, most commercial EA's today are copied and renamed products, often from free shared forums.

My intention is still to continue to contribute here, and my version of the Excel ALR-calculator is free to download and use. And my best advice is to use this calculator to understand how the different settings also changes the incremental lot size.

I will release my ALR EA soon, just need to polish it a bit first, and to write a manual for it.



Hi everyone,
Great thread, really enjoyed reading through it!

Can't wait to try your ALR EA Insider, since i find your modified EA much simple that the others have done, even if have to say that spider's one work pretty good to...
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Automatic Loss Recovery System (ALR) - read this first

Postby macman » Mon Nov 17, 2014 7:08 pm

mastru84 » Mon Nov 17, 2014 5:12 pm wrote:
Hi everyone,
Great thread, really enjoyed reading through it!

Can't wait to try your ALR EA Insider, since i find your modified EA much simple that the others have done, even if have to say that spider's one work pretty good to...


Have you actually run the EA?

I did and got blacklisted at GP broker - Hyperactive Order Modifications - how to test? refers. :o

Would be interested to hear from anyone who has actually successfully run the modified EA
This account takes ALL software generated trade calls from my FXW training course and is used to develop money management routines.
http://www.mt4i.com/mt4ichart.aspx?c=ch_tradewin&id=student-demo
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Automatic Loss Recovery System (ALR) - read this first

Postby mastru84 » Tue Nov 18, 2014 3:18 pm

macman » Mon Nov 17, 2014 8:08 pm wrote:
mastru84 » Mon Nov 17, 2014 5:12 pm wrote:
Hi everyone,
Great thread, really enjoyed reading through it!

Can't wait to try your ALR EA Insider, since i find your modified EA much simple that the others have done, even if have to say that spider's one work pretty good to...


Have you actually run the EA?

I did and got blacklisted at GP broker - Hyperactive Order Modifications - how to test? refers. :o

Would be interested to hear from anyone who has actually successfully run the modified EA



i just run it on a demo, same story with the other EA... They seem fine
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Automatic Loss Recovery System (ALR) - read this first

Postby blazecrown » Mon Dec 01, 2014 10:54 am

Paging Shona aka TambaTrader... may we know what happened to your SAS results... you may want to keep us posted... thanks... :)
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Automatic Loss Recovery System (ALR) - read this first

Postby TambaTrader » Mon Dec 01, 2014 11:32 am

Hi Blazecrown,

I have got a few more results for 2013 EURUSD. However it took ages to run because the code is written inefficiently. I am a contractor working full time so I just haven't had the time to look at the code. If I get a day to spend on it I will improve it. I know what I need to do.

It needs to run quickly as I plan on running various SL and TP combinations through it on various currency pairs and more time periods.

I am planning on posting the results for other people to see. I'll post the few that I've got ASAP.

I finish my current contract in 3 weeks so in the New Year I'm going to be working on forex full time. I can't wait! It's so frustrating at the moment starting work and not being able to finish it.

In the meantime I have been using the wealthmaster EA but sometimes my Empty4 chart seems to freeze and it stops working. (Seems to be Empty4 issue not a problem with the EA). Has anyone else had that problem? From then on I have to manually place the sell and buy stops and use stop losses as well as take profits to make sure all the trades close. There is risk to this in case the spread means that only the take profit trades close but not the stop loss trades and I end up with large unprotected trades in one direction.

Shona
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Automatic Loss Recovery System (ALR) - read this first

Postby TambaTrader » Mon Dec 01, 2014 12:51 pm

Hi all,

I said I would post my ALR analysis. I haven't got very far yet but here is what I have got for EURUSD 2013 using a stop loss of 10 and a take profit of 30. What I am trying to achieve with this analysis is finding good TP and SL settings for particular currency pairs. I am not yet looking at anything to do with lot sizes etc.

I assumed that an ALR would open every seven hours. My reason for this was that seven doesn't divide into 24 so I thought it would get a good mix of times of day. As there is a whole year in there we include all seasons as well.

There are some pretty big caveats:

It's a work in progress! I haven't yet done anywhere near as much checking as I normally would. I have included the full results though, so it should be visible if there are any mistakes in there.

Days open is the amount of time between ALR opening and closing. It therefore includes weekends which means the average is higher than it really should be.

I haven't dealt yet with how ALR ends when it fails, which means that turns is only accurate up until 14 in this spreadsheet. (i.e. if it made it to turn 15 I said that the 14th turn had failed but I didn't test as far as turn 16 so I don't ever know if turn 15 failed).

Next steps for me:

- Rewrite the code as it takes too long to run
- Code up what it does after the last turn (I'm not sure I understand this myself yet, so I will need to spend more time reading this thread first)
- Run it on more TP and SL combinations. Particularly wider ones. I also want to test having the TP less than 3 times the SL
- Run it on GBPUSD as want to use it on a strategy I have for cable.

Shona

Update 18th Dec 2014:

This version of the excel has more results in it...
You do not have the required permissions to view the files attached to this post.
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Automatic Loss Recovery System (ALR) - read this first

Postby Radar » Thu Dec 04, 2014 11:17 am

Just a silly idea...

Instead of just opening a new trade in the opposite direction when SL is hit, why not wait for a new signal, but adjust the lot-size according to the ALR sequence... Less chance of hitting a death-run that way...

Have fun!

Radar =8^)
Check out my new, (well, old now), manual trade & automatic scale-in manager,
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Automatic Loss Recovery System (ALR) - read this first

Postby TambaTrader » Thu Dec 04, 2014 2:40 pm

I am about ready to give up on ALR. I thought the problem where it closes one side of the trades but not the other, was a problem with the fact my demo account was running on my laptop and not on my server.

It has just done it on my real account now though. That runs on my server. All the buys closed on Eurusd as it has just had a big movement up but the sells didn't. I was up to my 6th turn. I lost £90 which for my mini real account is a disaster. I'm only winning about a tenner a week when it goes well.

I like the Maths behind ALR but if you can't trust it will be executed properly the risk is too high.

Has anyone else had this problem?

I might not waste any more time on it and go back to using stop losses.

Yet another brick wall! That is so disappointing.
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Automatic Loss Recovery System (ALR) - read this first

Postby blazecrown » Fri Dec 05, 2014 1:27 am

TambaTrader » Thu Dec 04, 2014 10:40 pm wrote:I am about ready to give up on ALR. I thought the problem where it closes one side of the trades but not the other, was a problem with the fact my demo account was running on my laptop and not on my server.

It has just done it on my real account now though. That runs on my server. All the buys closed on Eurusd as it has just had a big movement up but the sells didn't. I was up to my 6th turn. I lost £90 which for my mini real account is a disaster. I'm only winning about a tenner a week when it goes well.

I like the Maths behind ALR but if you can't trust it will be executed properly the risk is too high.

Has anyone else had this problem?

I might not waste any more time on it and go back to using stop losses.

Yet another brick wall! That is so disappointing.


Hi Shona,

you may want to check if your broker has minimum distance from present bid for a pending order... if your ALR Zone is within that minimum distance the ALR might not be able to execute... also what we've noticed is that when one of the turns happens in a gap, the ALR can leave that particular turn hanging unless the market turns back to that zone and ALR executes...

i wish you the best in your trading....
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Automatic Loss Recovery System (ALR) - read this first

Postby macman » Fri Dec 05, 2014 9:27 am

TambaTrader wrote:I am about ready to give up on ALR. I thought the problem where it closes one side of the trades but not the other, was a problem with the fact my demo account was running on my laptop and not on my server.

It has just done it on my real account now though. That runs on my server. All the buys closed on Eurusd as it has just had a big movement up but the sells didn't. I was up to my 6th turn. I lost £90 which for my mini real account is a disaster. I'm only winning about a tenner a week when it goes well.

I like the Maths behind ALR but if you can't trust it will be executed properly the risk is too high.

Has anyone else had this problem?

I might not waste any more time on it and go back to using stop losses.

Yet another brick wall! That is so disappointing.


Do your logs give any indication as to why the operation failed?

As you already made 5 turns, it seems unlikely to be a software error.

Sorry to hear about the loss - 'things can only get better' as that well known song says :)

Best regards,
This account takes ALL software generated trade calls from my FXW training course and is used to develop money management routines.
http://www.mt4i.com/mt4ichart.aspx?c=ch_tradewin&id=student-demo
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