Thomas has the authority to lift the moratorium on posting about backtesting in his threads. I post here merely to back him up. I have no experience of MT5 and so defer to his.
Thanks for starting this, Thomas.
| stevehopwoodforex.com https://www.stevehopwoodforex.com/phpBB3/ Print view |
|
| Paycheck Project Main Thread https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=6285 |
Page 1 of 3 |
| Author: | tomele [ Sun Nov 13, 2022 2:11 pm ] |
| Post subject: | Paycheck Project Main Thread |
Hi @all. The Paycheck Project is a new effort to develop a bunch of profitable and reliable EAs. It breaks with some rules and ends some old habits in testing and refining expert advisors. It heavily relies on the MT5 simulator, i.e. backtesting. If this word raises your hackles, ignore the project. If you are open to experimenting with something new, start by reading "The Paycheck Project" outline below. "PWD" denotes the family of EAs in this project: Paycheck (monthly basket trading), Wagebag (weekly basket trading) and Dayswag (daily basket trading). "SO" stands for "Simulation Only" i.e. working only in the MT5 simulator, not on realtime accounts. Documents related to all PWD EAs: The Paycheck Project - General project outline PWD Commons - Common features and inputs of the PWD EAs PWD Modules - Description of filter modules available in latest PWD EAs Documents related to MT5 backtesting: MT5 Backtesting Basics - What you should know about MT5 backtesting MT5 Backtesting Guide - Your golden thread through a complex theme PWD EAs: Paycheck SO (monthly basket trading) Wagebag SO (weekly basket trading) Dayswag SO (daily basket trading) Have fun. Thomas |
|
| Author: | SteveHopwood [ Sun Nov 13, 2022 5:45 pm ] |
| Post subject: | Paycheck Project Outline |
Thomas has the authority to lift the moratorium on posting about backtesting in his threads. I post here merely to back him up. I have no experience of MT5 and so defer to his. Thanks for starting this, Thomas. |
|
| Author: | TableTop [ Mon Nov 14, 2022 11:30 am ] |
| Post subject: | Paycheck Project Outline |
Sounds interesting and more than happy to test. Just looking at charts on the monthly tf makes me think this is a worthwhile venture, and Steve's results show it could be an earner. |
|
| Author: | Chilllord [ Fri Nov 18, 2022 3:34 pm ] |
| Post subject: | Paycheck Project Outline |
Hello, thank you for sharing your new project. : ) Why don't you share the mq5 file? |
|
| Author: | tomele [ Fri Nov 18, 2022 4:11 pm ] |
| Post subject: | Paycheck Project Outline |
Hi. Thank you for this very good question. As stated in the project outline, I want users to invest brain and time in the project. I have done this out of a dilemma: Of course, I want all to become filthy stinking rich. But, as I have learned in my life, too often some people give something and other people take it like thieves without giving anything back. As the universe is based on exchange, this pays off for neither side. As we all know, just running an EA someone else has created works only in rare cases, if any. The paycheck project is based on exchange. I will provide tools, the project participants will have to invest brain and time testing and optimizing settings until something working evolves. This will then become available to the participants to run it on their accounts. The crowd waiting to take only will come last in the food chain. Cheers |
|
| Author: | telaso [ Sat Nov 19, 2022 3:19 pm ] |
| Post subject: | Paycheck Project Outline |
Great answer, @tomele! |
|
| Author: | renegade [ Sun Nov 20, 2022 11:14 pm ] |
| Post subject: | Paycheck Project Main Thread |
Hi Thomas, I really think you are on to something that could be big. Thank you for running with it, and hats off to Steve coming up with the idea. I have some different entry based ideas but will have to brush up on my mt5 back testing skills. I have an licensed algo that allows for the testing of different entry and exit rules. I will run my ideas through it and get back to you with the results. I could dedicate one of my rigs to just this. I would like to be apart of this testing group. Thanks for all your hard work. Scott |
|
| Author: | TableTop [ Mon Nov 21, 2022 9:55 am ] |
| Post subject: | Paycheck Project Main Thread |
So far I am finding that individual SL and TP seem to perform better than baskets, but neither perform well over the longer term. Next - testing individual SL/TP combined with baskets. BTW - a very useful guide to MT5 testing. I spent Friday and the weekend muddling through, so this should save others a lot of time. |
|
| Author: | TableTop [ Mon Nov 21, 2022 5:55 pm ] |
| Post subject: | Paycheck Project Main Thread |
Individual SL TP combined with baskets does improve things. Adding the basket SL and trailing factor has helped me to bring drawdown down to a more reasonable level...but I'm still not close to Steve's demo account performance. Will take another look tomorrow! |
|
| Author: | SteveHopwood [ Mon Nov 21, 2022 10:35 pm ] |
| Post subject: | Paycheck Project Main Thread |
Timing is everything. My demos are heading south big time at the moment.  You started demoing with me at the start - I am a genius. You started demoing with me this month - I am an idiot. Time alone will tell which of the above I am. |
|
| All times are UTC | Page 1 of 3 |
|
Powered by phpBB® Forum Software © phpBB Limited |
|