gab777 wrote:

phil_trade wrote:

ntjs wrote:Hello Phil,
I also run a demo for about 3 month and the equity is still at about the starting point. Sometime you win sometime you lose.
I think there is something in the ea that is different with your piece of software. The question is what is the difference.
I am no coder at all so i really do not know.
I keep my demo account running (alpari-uk). (sorry no myfxbook, but it is more or less similar to the bud49 or trader689). Also Niepce got stuck in break even, he wrote sometime ago.

Sometime you win sometime you lose. that's right... but did you let the win run ?

€/$ for 2009/2012 test, win/lose trade ratio is about 50% but lose are short and win very long...so at the end you should got this :

New Benchmark 7 devises 2009 2013 +150K$.PNG

Hi phil,

I was wondering how you can get those backtest results? As far as I know, you said earlier in the thread that you tested with Forex Tester 2, and unless I'm wrong, you can't test with Marilyn's Support and Resistance indicator... right?? This particular program only seems to be able to test with its own indicators, so MA, MACD and Sto aren't a problem, just the S&R indi. It also doesn't test EAs. Please correct me if I'm wrong.

Also, I have been running on a few demos myself and before my computer crash (along with all relevant passwords), they were mostly doing fine. I was running forward tests on FxPro and ICMarkets because I wanted to test them with only 5 daily candles. With initial parameters, one demo was doing over 100% after 2 months (with 1 lot per 25k$). The swings back and forth are huge with original parameters, but I am one of those people here who think your EA should get more love. If I can find out how to backtest this in something other than Empty4, I'd be willing to try out a few ideas, but mostly I think it's already fine the way it is, as this is such a personal matter. You might like more filters for entry or exit than me, and really, it comes down to the individual and their own objectives.

Cheers from Montréal!

"TonkaTuff"]Hi all,

I've had a demo account running since 30 May 13. No Manual intervention.

EA: Marylin 0.36
Symbols: AUDJPY, AUDUSD, CHFJPY, EURJPY, EURUSD, GBPUSD, USDCHF, XAUUSD
Set:Spread 1.5x Broker, Lotsize 0.25
Set files as posted by:niepce (thanks) here: http://www.stevehopwoodforex.com/phpBB3 ... &start=200

There have been some great trades, but nothing has closed in profit. Can anyone suggest any variable changes we could make?

Would there be any value in imp,implementing Chandlier Stops to take profit?

Chandelier trailing stop: Invented by Chuck LeBeau. He calls it the Chandelier because the stop loss
hangs off the most recent high in an uptrend. Not sure what he calls in during a down trend – 'bar stool' perhaps? For a buy trade (reverse everything for a sell trade):
• Each time the market makes a new high, the stop loss is moved by this price
minus Atr * ChandelierAtrMultiplier.
• Because Atr can change quickly with increasing/decreasing market volatility,
this becomes a highly adaptable stop that moves lower during volatile
periods and higher during stable ones.
• This is a trend-trading stop loss, so the ChandelierAtrMultiplier will decrease
as the trade becomes more profitable, initially reducing risk and eventually
locking in more of the profits:
▪ when the profit reaches a multiple of 4 Atr's, ChandelierAtrMultiplier will
reduce to 2.
▪ when the profit reaches a multiple of 6 Atr's, ChandelierAtrMultiplier will
reduce to 1.

• 1. Set SL & TP in pips: Pretty standard stuff
  2. ATR SL & TP: Use multiples of Atr to set a 'hard' SL & TP.
  3. RSI exit: Close a buy/sell trade when RSI changes to over bought/sold respectively.
  4. ADX exit: Use ADX value set to close a trade.
  5. Exit on change of trend to range or vice versa: Is this what MM laready does.
  6. Chandelier trailing stop: As above.
  7. SAR Parabolic TS: Use the SAR Parabolic to set the trailing stop.

TonkaTuff wrote:MM definitely picks the trends nicely.

The MQ4 for Chandelier is attached above. Here's a definition of I found.

Chandelier trailing stop: Invented by Chuck LeBeau. He calls it the Chandelier because the stop loss
hangs off the most recent high in an uptrend. Not sure what he calls in during a down trend – 'bar stool' perhaps? For a buy trade (reverse everything for a sell trade):
• Each time the market makes a new high, the stop loss is moved by this price
minus Atr * ChandelierAtrMultiplier.
• Because Atr can change quickly with increasing/decreasing market volatility,
this becomes a highly adaptable stop that moves lower during volatile
periods and higher during stable ones.
• This is a trend-trading stop loss, so the ChandelierAtrMultiplier will decrease
as the trade becomes more profitable, initially reducing risk and eventually
locking in more of the profits:
▪ when the profit reaches a multiple of 4 Atr's, ChandelierAtrMultiplier will
reduce to 2.
▪ when the profit reaches a multiple of 6 Atr's, ChandelierAtrMultiplier will
reduce to 1.

Would it be an idea to setup a standard set of exits that could be incorporated in any strategy. Maybe as discrete pieces of code so developers could incorporate as relevant. Or as a standard code block, so as to develop a standard code stream. Maybe start with a list such as (based on Steve's list from Tiger):

• 1. Set SL & TP in pips: Pretty standard stuff
  2. ATR SL & TP: Use multiples of Atr to set a 'hard' SL & TP.
  3. RSI exit: Close a buy/sell trade when RSI changes to over bought/sold respectively.
  4. ADX exit: Use ADX value set to close a trade.
  5. Exit on change of trend to range or vice versa: Is this what MM laready does.
  6. Chandelier trailing stop: As above.
  7. SAR Parabolic TS: Use the SAR Parabolic to set the trailing stop.

Cheers,
TT

TonkaTuff wrote:I understand what you mean regarding SL.
What do you think about Chandelier as a TP strategy?

Not being a great believer in back testing, I could set up 3 to 4 more instances of MQ4 to trial different settings. What I need is some educated guesses as to what settings to use. What does everyone think would be good to try?

Thanks,
TT

phil_trade wrote:New Brain Storming request !

I never success to filter bad trade and good trade : they always look like to me similar at the beginning !
The only way to manage them it's to close them after a while.

For all of us who have trades since 2 weeks : please analyse each bad trade/good trade ! If you can see or add something to distinguish them.... please let me know !

€/$ example :

EURUSD GOOD TRADE and BAD TRADE look like similar to filter signals module.PNG

any idea ?

Philippe