The Awesome Basket Forward Test

[OmarSM]

This is the performance of Awesome Original since last month, on the $50TP set file.
All hands free unless for manually removing the EA if no trades on Friday NYC morning session.

Although it says DualEA, these numbers show how AO did with a starting balance of nearly $1500 trading 0.01 lots.

Congratulations to all involved!!!

[billv]

So my Awesome 50€ TP survived the huge drawdown and closed in profit last week. Honestly I'm quite surprised, as I thought it will never survive 600€ DD. But it did.
I will change the setfile a bit today and use 200 pips emergency SL for safety purposes. It survived last time, but there are pairs which can move 1000 pips without any meaningful retracement and that would cripple the account, as there are only two closure options: reaching the global TP or margin call. Actually there is a third option as well- close on opposite FB if SuperSlope agrees but I have never seen any closures by that and not sure if it's working or not.

Hello Marx64

Have you introduced the 200pip SL?
The EA places many trades in proximity to each other so when things go wrong you would have multiple SL hits and this will have a big impact on the profits.

I prefer to do risk reduction by avoiding currency pairs which have a large daily range and by avoiding correlated pairs.

The few pairs which would not be easily recoverable on their own, will close as part of the basket. I have also contemplated to remove the M1 timeframe but this timeframe results in many trades and although these trades can be a nuisance when the market is moving against us, they can also save us when the market swings in our favor.
So the M1 will help a basket close sooner.

[c1borg]

In big trouble which is great as I want to iron out these sort of problems on demo, huge drawdown atm mainly on EURCAD and CADJPY

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Working on new versions of my own now with some ideas for improvements, but this is the original 1m Awesome and Dclay setfile I have been posting results with. If it recovers I will be amazed also no new trades as margin below 1000.

[c1borg]

I prefer to do risk reduction by avoiding currency pairs which have a large daily range and by avoiding correlated pairs.

Do you have a list of the pairs you are trading?

[billv]

I prefer to do risk reduction by avoiding currency pairs which have a large daily range and by avoiding correlated pairs.

Do you have a list of the pairs you are trading?

Here you go,

AUDCAD,AUDNZD,AUDJPY,AUDUSD,CADCHF,CADJPY,CHFJPY,
EURGBP,EURJPY,EURUSD,GBPUSD,NZDUSD,NZDJPY,
USDCAD,USDJPY,NZDCHF

You may also consider dropping more of the 3 CHF pairs and to only keep one because the CHF is seen as a safe currency and when world events happen it has the tendency to spike.

CHF pairs can be time bombs so unless we have a large account and trade tiny lots, I would not trade them long.

[billv]

Also, I consider the other version of Awesome (with Bells and Whistles)
a safer version because it has the option to select the distance between trades based on ATR and this will make a BIG difference on draw down.

[1Direction]

I spend some times to find out the best TP value for Awesome various setup and did remember a value provided by MyFxBook stats called "missed profit" so I used this value to optimized the cash value for various EA.

See attached example for the way I calculate the value to be added to the cashtakeprofit value in a set file.

The example attached is just a small sample to explain the excel calculation based on the export file generated out of myfxbook.

It will works with cash value or pips.

Comments are welcome.

[billv]

I spend some times to find out the best TP value for Awesome various setup and did remember a value provided by MyFxBook stats called "missed profit" so I used this value to optimized the cash value for various EA.

See attached example for the way I calculate the value to be added to the cashtakeprofit value in a set file.

The example attached is just a small sample to explain the excel calculation based on the export file generated out of myfxbook.

It will works with cash value or pips.

Comments are welcome.

IMO this value can be useful if we are trading 1 time frame and 1 currency pair.

If we are closing trades of multiple time frames and/or mixing pairs together and closing trades in baskets then it isn't useful because the currency pairs and time frames could be different for each basket.

Also, there is the opportunity cost.
If we stayed longer in a basket, yes there is possibility for a bigger profit BUT there is also possibility that the market moves against us and it takes much longer to close the basket so we miss out on new trades.

[1Direction]

IMO this value can be useful if we are trading 1 time frame and 1 currency pair.

If we are closing trades of multiple time frames and/or mixing pairs together and closing trades in baskets then it isn't useful because the currency pairs and time frames could be different for each basket.

Also, there is the opportunity cost.
If we stayed longer in a basket, yes there is possibility for a bigger profit BUT there is also possibility that the market moves against us and it takes much longer to close the basket so we miss out on new trades.

Yes, you are right only applicable for one time frame setup. Or we can optimize each time frames separately and then combine them back in one setfile.

[Geges]

Here is a 1 month test of dreambig2 modified set of 1Direction/Spyderman set.

http://www.stevehopwoodforex.com/phpBB3 ... 83#p157783

After closing today I disabled H4 trading and also set it up on an alternate broker the same way.