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Chandelier EA - A new look
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=2001		 Page 2 of 2
Author:  Freedom787 [ Tue Apr 23, 2013 9:34 pm ]
Post subject:  Re: Chandelier EA - A new look
ChicagoRob wrote: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.
Author:  jako [ Wed Apr 24, 2013 6:47 am ]
Post subject:  Re: Chandelier EA - A new look
Thanks. EA is working properly.
Author:  jako [ Fri May 17, 2013 4:17 am ]
Post subject:  Re: Chandelier EA - A new look
Hi Freedom,

Continue the development of this EA?

Regards

jako
Author:  snailfx [ Fri May 17, 2013 7:21 am ]
Post subject:  Re: Chandelier EA - A new look
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.
Author:  jako [ Fri May 17, 2013 10:39 am ]
Post subject:  Re: Chandelier EA - A new look
Opens a false position after launch EA.
Author:  jako [ Fri May 24, 2013 6:42 pm ]
Post subject:  Re: Chandelier EA - A new look
snailfx wrote: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
Author:  AGT [ Fri May 24, 2013 7:57 pm ]
Post subject:  Re: Chandelier EA - A new look
hi jako .... I'm in doubt about this bot - look the BT's above fok did for us !
Author:  jako [ Sat May 25, 2013 5:04 am ]
Post subject:  Re: Chandelier EA - A new look
AGT wrote: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. :)
Author:  AGT [ Sat May 25, 2013 3:57 pm ]
Post subject:  Re: Chandelier EA - A new look
HOPE :shock: ?? Hmmm ... hope for money doesn't mean you will get money ... never - I think so !
Author:  Nufty [ Sun May 26, 2013 6:44 am ]
Post subject:  Re: Chandelier EA - A new look
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
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