gaheitman wrote:The script should have created a file in the experts\files directory....

George

Khalaad wrote:Peter,

Thank you for keeping the flag flying.

I completed my backtesting on MultiCharts Monday and since remained quite preoccupied improving the EA (and didn’t even visit the Forum).

Implementing the back test finding is going to be a major task, and shall be done in due course. Meanwhile, I am making:

• Hanover (2 days) a default setting; and
• exit at LowerLow, or HigherHigh, a user selectable option.

fx8000 wrote:Hi Khalid,

I woud like to suggest adding MM as an option i.e. close basket at xx% of equity profit per day.

The balance was up 4% on Monday and another 4% on Tuesday, only to lose it all following the Chicago PMI news release which sent the market into a risk off mode.

I respect you position on, and also understand your reasons for, this. However, over the years I have found taking profits can severely limit your gains over the longer run. Indeed, there is some thuth in the saying: "You can go broke taking profits."

fx8000 wrote:
Also, the Hanove trend filter is extremely cpu hungry. I would like to suggest the All Averages trend filter which works well with other EA's.

fx8000 wrote:With the Hanover trend filter removed, the EA just missed two long entries following a break of the previuos 4hr bar on the EURUSD and AUDUSD (marked by horizontal blue line). Not sure why.

Here is what I suggest: disable in the Hanover indicator all time frames you do not need. All Averages will never do what Hanover does.

fx8000 wrote: However, it did execute a long on the GBPUSD which went as high as 70 pips before retracing.

I noticed from you DumpHistory, and my DumpHistory, the EA giving back 2/3 of the Run-ups. Therefore, I have designed possible solutions for this. For the time being, however, the exit at LowerLow, or HigherHigh should help.

fx8000 wrote:Presently, the account balance is showing a gain of 13%'

Cheers,
Peter

Despite all the problems I have had with my demo accounts, I know from actual real money trading that 1 period and 2 period, swing charts do work. It is only a matter of combining everything as a workable strategy.

I am extremely grateful for you valuable feedback.

Please keep posting, even if I happen not to agree with you.

Khalid

Khalaad wrote:However, over the years I have found taking profits can severely limit your gains over the longer run. Indeed, there is some thuth in the saying: "You can go broke taking profits."

Khalaad wrote:

fx8000 wrote:Thanks again, Khalid.

Hanover trend filter back on the charts with Recent Strength enabled for H4 only.

Any idea why the EA missed the trades for EU and AU ?

Cheers,
Peter

Please post the log(s).

Thank you.

Khalid

garyfritz wrote:

Khalaad wrote:However, over the years I have found taking profits can severely limit your gains over the longer run. Indeed, there is some thuth in the saying: "You can go broke taking profits."

Absolutely right, Khalid. Too many people think that banking a small profit is a guaranteed way to success. But if you don't let your system run up larger profits, your W:L ratio changes. Your losers might start overwhelming your tiny wins. You can turn a winning system into a loser doing that.

That assumes, of course, that you have a trending system/market. If you're trading a reversing / mean-reverting system, there isn't any trend to ride. For systems like that you have to grab small profits before they disappear. But that doesn't apply to SwingONE.