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Multi 10:4 Trader EA
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Author:  MrLong [ Sat May 18, 2013 12:25 pm ]
Post subject:  Re: Prepare to loose your money

snailbeard wrote:
glabbeek wrote:
snailbeard wrote:Just a reminder that you will loose money if you use this EA in choppy markets. We might be coming into a period of instability due to currency wars, so retracements will rocket past the stop-losses.

This EA is reasonably mature, it just needs one more enhancement to detect high volatility for each pair and stop trading that pair until normal volatility returns.

Any suggestions?
ATR might work:

Hello SnailBeard,

Although you might be right, so far the EA hasn't given a signal that would require a volatility filter.
This is maybe because the markets have been strong, but as long as the EA working, I wouldn't fix a problem that isn't there.

Off course this is my opinion, based on my settings for the EA.

This week again 7,5% profit, but only 3 trades.

Still going strong.
On the demo accounts I have had some big losers as well as big winners.
Are you running total Auto or intervening to manage the pairs and trades?
Back testing shows periods of great success and periods of losses.
Hi Brian,

The only downside I find to this EA is the drawdown is to large for me, if the CSS filter is not switched on, then we don't get a great amount of trades if it is active.

I've coded another EA that I am testing, that will enter the market when we have the last candle is lower than the differenceThreshold and the current candle is higher then differenceThreshold, with the current direction to agree with my direction.

I enter when these conditions are correct and not wait for a break of the pivots.

Andy
Author:  nonlinear [ Sat May 18, 2013 1:40 pm ]
Post subject:  Re: Multi 10:4 Trader EA

My view so far is consistent with others, but based on limited trades so far. With CSS on or off, one has to expect a large DD, but there is still a positive expectancy. I actually think the expectancy might be less with CSS on, as it lags and often times keeps one out of pairs that move favorably.

With CCS off, I don't know why, but I am still not getting the number of trades I would expect. Could someone PM me a copy of the earlier version that did not have CSS in the code?

It appears that with CSS off one alternative approach is to enter and exit baskets and pairs often at fixed TP and possibly at a trailing tighter SL once in profit.
Author:  fluegel [ Sun May 19, 2013 12:54 am ]
Post subject:  Re: Multi 10:4 Trader EA

nonlinear wrote:With CCS off, I don't know why, but I am still not getting the number of trades I would expect. Could someone PM me a copy of the earlier version that did not have CSS in the code?

It appears that with CSS off one alternative approach is to enter and exit baskets and pairs often at fixed TP and possibly at a trailing tighter SL once in profit.
I agree with nonlinear. I too feel I'm not getting enough trades even with CSS off. I'm using CT's YAD104 dashboard, and even when YAD says there are trades ready for placing pending orders, the EA sometimes does not take them. I've turned off the correlation filter and the currency number filter. Is this the problem Brian has addressed? If so, I would appreciate it if Andy could incorporate the modification and update the EA... I really love this EA and think it has tremendous potential. :)
Author:  MrLong [ Sun May 19, 2013 6:22 am ]
Post subject:  Re: Multi 10:4 Trader EA

fluegel wrote:
nonlinear wrote:With CCS off, I don't know why, but I am still not getting the number of trades I would expect. Could someone PM me a copy of the earlier version that did not have CSS in the code?

It appears that with CSS off one alternative approach is to enter and exit baskets and pairs often at fixed TP and possibly at a trailing tighter SL once in profit.
I agree with nonlinear. I too feel I'm not getting enough trades even with CSS off. I'm using CT's YAD104 dashboard, and even when YAD says there are trades ready for placing pending orders, the EA sometimes does not take them. I've turned off the correlation filter and the currency number filter. Is this the problem Brian has addressed? If so, I would appreciate it if Andy could incorporate the modification and update the EA... I really love this EA and think it has tremendous potential. :)
Hi,

I'm going the release Brian's version as the final release, I'll do that later today.
Other settings to take into account are the boundary settings, a lot of pairs are too far away from the
moving average, therefore those trades will be passed on.

Andy
Author:  snailbeard [ Sun May 19, 2013 6:32 am ]
Post subject:  Re: Multi 10:4 Trader EA

nonlinear wrote:My view so far is consistent with others, but based on limited trades so far. With CSS on or off, one has to expect a large DD, but there is still a positive expectancy. I actually think the expectancy might be less with CSS on, as it lags and often times keeps one out of pairs that move favorably.

With CCS off, I don't know why, but I am still not getting the number of trades I would expect. Could someone PM me a copy of the earlier version that did not have CSS in the code?

It appears that with CSS off one alternative approach is to enter and exit baskets and pairs often at fixed TP and possibly at a trailing tighter SL once in profit.
Don't forget that there are some serious issues in the earlier versions....
Author:  MrLong [ Sun May 19, 2013 6:49 am ]
Post subject:  Re: Multi 10:4 Trader EA

Version: Multi_10_4_EAv_Final on page 1


A few bugs and fixed by Brian (snailbeard), this is my final release.

Thanks to all those members who contributed to this project.

Andy
Author:  snailbeard [ Sun May 19, 2013 6:53 am ]
Post subject:  Turn losers into winners

I increased my return to 20% over two weeks by managing the trades proposed by the EA (running on Demo),
although it was hard work keeping an eye on the EA and half a dozen live pairs!

Here's an example of how to turn a loser into a winner:

Notice the trend line which predicts the top of a channel which is before the target price.

A question for Andy:

Should the profit-lock/breakeven check have kicked in before running down to the stop-loss, since at one point the profit reaches about 80 pips?
Perhaps that is something we should look into?
Author:  fluegel [ Sun May 19, 2013 7:43 am ]
Post subject:  Re: Multi 10:4 Trader EA

Thank you very much, Andy! I will start testing the new version from tomorrow. :D

I've been using this EA for two weeks on a live account and the result is quite satisfactory. As I don't trust full automation, I intervene manually from time to time, but this EA is a great helper for following Nanningbob's strategy. Really a great work, Andy. I can't appreciate enough the time and efforts you and all the contributors put in this EA.
Author:  MrLong [ Sun May 19, 2013 9:31 am ]
Post subject:  Re: Turn losers into winners

snailbeard wrote:I increased my return to 20% over two weeks by managing the trades proposed by the EA (running on Demo),
although it was hard work keeping an eye on the EA and half a dozen live pairs!

Here's an example of how to turn a loser into a winner:

Notice the trend line which predicts the top of a channel which is before the target price.

A question for Andy:

Should the profit-lock/breakeven check have kicked in before running down to the stop-loss, since at one point the profit reaches about 80 pips?
Perhaps that is something we should look into?
A question for Andy:

Should the profit-lock/breakeven check have kicked in before running down to the stop-loss, since at one point the profit reaches about 80 pips?
Perhaps that is something we should look into?
Hi Brian,

The EA should have locked in 0.50% when the profit was up 1%, the problem with the strategy tester is it is so unreliable, also the tester will not be able to calculate the CSS value because it is weighed against a basket.

Please fell free to add anything to the EA that is a benefit.

Best Regards

Andy
Author:  patman [ Sun May 19, 2013 9:34 am ]
Post subject:  Re: Multi 10:4 Trader EA

Hi Andy,

The Final version includes Brian's headers.
Where can we download these mqh files?

pat
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