Chandelier EA - A new look

[Freedom787]

Backtests are looking pretty good at this point. I'm going to change the settings
around and see if I can improve performance.

One thing I would like to see is a half-close option added to BE. This is pretty
much boiler-plate code in Steve's EAs.

Rob

I'll put one in. I started with Steve's EA template, but just found myself coding it up much faster on my own. it's not as feature rich, but I was coding this up more as a random experiment than a serious strategy. The profitable result was a pleasant accident.

I've been meaning to code up an array structure that allows multiple trade options ( lets say you want to take out 4 positions, instead of 2 with one closing early). I'll work on it now and upload the result when i'm finished.

EDIT: See post 1, it has been updated. New variable numberOfOrdersToTake has been added. If you have more than one order, they will have increasing Take profits of a factor of takeProfit variable.

Example: If you your take profit is set to 20 pips, and you select numberOfOrdersToTake to 3:

EA will open 3 orders. It will close one at 20 pips TP, another at 40 pips, and the other at 60 pips. They all close if they hit the SL.

[jako]

Thanks. EA is working properly.

[jako]

Hi Freedom,

Continue the development of this EA?

Regards

jako

[snailfx]

Hi,
I have modified SWB GRID, using ATRStop(Chandelier is a ATRStop variant) and a Stochastic and the results in backtesting were promising.
In backtesting in 2012 a SL of 300pips has been touched a single time and the maxim level was 4 with a DD of 15%(starting with 500Euro deposit).

Backtesting.JPG

There were a lot of mismatches so the results are approximate.
But also in forward testing the result are even more promising.

Forward.JPG

All testing were only in EURUSD.
I'm not a coder but I think introducing a BE and a reentry if the PA return to the previous trend and/or closing a long winning position only if the retracement is bigger than 50% could improve the results.

[jako]

Opens a false position after launch EA.

[jako]

Hi,
I have modified SWB GRID, using ATRStop(Chandelier is a ATRStop variant) and a Stochastic and the results in backtesting were promising.
In backtesting in 2012 a SL of 300pips has been touched a single time and the maxim level was 4 with a DD of 15%(starting with 500Euro deposit).

Backtesting.JPG

There were a lot of mismatches so the results are approximate.
But also in forward testing the result are even more promising.

Forward.JPG

All testing were only in EURUSD.
I'm not a coder but I think introducing a BE and a reentry if the PA return to the previous trend and/or closing a long winning position only if the retracement is bigger than 50% could improve the results.

Broker: Global Prime
Pairs: Majors, EURJPY, GBPJPY
Number of trading days: 5
Average profit / day €: 22
Max. drawdown €: -40

[AGT]

hi jako .... I'm in doubt about this bot - look the BT's above fok did for us !

[jako]

hi jako .... I'm in doubt about this bot - look the BT's above fok did for us !

In real time it takes longer hope.

[AGT]

HOPE ?? Hmmm ... hope for money doesn't mean you will get money ... never - I think so !

[Nufty]

Out of curiosity - what is the Kv in the indicator? and what does it do

I have seen in it in another indicator ATR stops- but Google HASNT been kind to me when looking for an explanation

Thanks to anyone who can fill me in

Cheers

Nufty