No, it’s another trend EA I’m working on.
Hi,
The answer to the 1st question can be found in the instructions in post 40, on page 4.
The answer to your 2nd question, can be found in the 3 duck strategy on how pairs are opened and how to identify the trend. The EA can pick up the trend quicker as it is looking at the exact prices and SMAs, where as a manual trader will wait to see a upward\downward bend in the SMA before trading.
It would be worth going through the 3 duck strategy before hand to get a good understanding of how the systems works, which in turn will give you a better understanding how the EA is trading.
Folks,
I’ve taken the 2nd EA of the account and just letting Plutus run on it. I thought I would be able to filter out the Zeus trades but I can’t.
Only Plutus from now on this account.
Hi All
Here are the results of backtesting my 3 Ducks EA on 2013 data only.
Look back period used for High/Low was 84 (7hrs on a 5min chart) as this worked best in tests.
Initial stop at 5min 60 SMA.
Stop trailed on opposite High/Low line.
Entry on a Open above/below the look back line and all ducks in line.
Slope of 1hr and 4h SMA decided by the 60 period of the Close being > a 60 period of the Open for long, reverse for short.
No profit targets as I wanted to let any profits run.
Lot size fixed at 0.1.
EURUSD
08:00 - 17:00 -309 loss on 63 trades
00:00 – 24:00 -410 loss on 96 trades
08:00 – 24:00 -299 loss on 83 trades
16:00 – 24:00 -225 loss on 35 trades
AUDUSD
08:00 - 17:00 -191 loss on 59 trades
00:00 – 24:00 -354 loss on 113 trades
08:00 – 24:00 -245 loss on 85 trades
16:00 – 24:00 -159 loss on 49 trades
EURJPY
08:00 - 17:00 607 gain on 46 trades
00:00 – 24:00 558 gain on 82 trades
08:00 – 24:00 1067 gain on 64 trades
16:00 – 24:00 1144 gain on 33 trades
USDJPY
08:00 - 17:00 298 gain on 44 trades
00:00 – 24:00 563 gain on 70 trades
08:00 – 24:00 671 gain on 61 trades
16:00 – 24:00 764 gain on 36 trades
EURGBP
08:00 - 17:00 -0.38 loss on 60 trades
00:00 – 24:00 -250 loss on 94 trades
08:00 – 24:00 -62 loss on 79 trades
16:00 – 24:00 32 gain on 36 trades
USDCHF
08:00 - 17:00 65 gain on 60 trades
00:00 – 24:00 -282 loss on 95 trades
08:00 – 24:00 -71 loss on 78 trades
16:00 – 24:00 -253 loss on 38 trades
USDCAD
08:00 - 17:00 10 gain on 21 trades
00:00 – 24:00 108 gain on 24 trades
08:00 – 24:00 39 gain on 25 trades
16:00 – 24:00 39 gain on 12 trades
Interestingly trading EURJPY with the position sizing algorithm mentioned in my earlier post would have made you £5,317 profit on a £10,000 account this year, thats a cool 53.17%.
Regards Trader009.
Try it with an inital stop of the 60min 60SMA… and maybe with 60min 60SMA + 5-10pips.
thanks guys for the answer.
I notice this EA keep running even when it’s in Asian session. Is there any settings where we can run the EA on specific sessions? I have i-sessions indicator if it would help.
Hi rsg10z,
You will need to look at the manual method for trading the 3 Ducks, all trades stay open for 24 hours and are closed only if the tp\sl are hit or the trade has been open for 24 hours.
hello sir,
i find something is strange
if you check there are 2 open positions that have no SL and TP. (i already closed one of them manually so you can check in trading history). USDCHF and GBPUSD. Why is this happening?
What SL and Tp are you using? Also, what is the minimum stop distance has your broker set for these pairs? Your SL and TP may be to close to your price.
i do not change any TP/SL setting which is 30 pips (300 points because I use IBFX). Since yesterday I dont change any setting at the EA hence why i think it’s strange how these 2 positions do not have any TP/SL while the other trades always have/had it.
I had several GBP/USD and USD/CHF positions before and all always had TP/SL automatically just not these two so maybe not because of the broker. Maybe because i had interrupted connection? or do you think there’s a bug in this EA?
Mmmm, strange. I haven’t had any issues with the EA setting sl&tp and no-one else has had any problems that they have raised.
sir i just got 2 more open positions AUD USD and USD CAD that triggered without SL and TP. Total today i have 4-5 like this while yesterday nothing happened. i will try to reattach the EA and see if it would help.
btw i closed all open positions because i reattach the EA. so maybe my result is a bit vague for today
update: 4 new orders triggered after i reattach the EA. so far all TP/SL are set and im still not sure why 4-5 trades earlier today had no TP/SL there 
maybe when they happened my connection was interrupted. I think that might be the cause because sometimes i get dced due to bad internet connection here. (im currently using 3G and just recently unsubscribed from my cable ISP last weekend. will get a new cable ISP in 2 weeks time)
On the bright side, your currently up 193pips today!! :18:
yeah well apparently the method is working good atm. Looks good! Just wondering if what I had (no TP/SL) was bug or just me. I have closed my computer btw and will re-run it again tomorrow morning (it’s 11 PM here). I will look at your and shane myfxbook to look how it performs in 24 hours and look at mine if we only want to run it until London close. 
never played much with EA before so maybe if I want to get serious with EAs need a VPS later lol
some things that i noticed today:
-
i turned off my computer yesterday and just re-run it today. Once i get connected, it made 4 pending orders at once. Maybe because it supposed to take order when i was offline? so once i get connected the EA all of sudden put 3 pending orders immediately? is it possible?
-
out of those 3 pending orders (that all triggered also immediately), one of them which is EURGBP again have no TP/SL. Hmm not sure whats happening here.
i will run my computer until late today and see what happens next. (now is 11 AM)
I am using diff TPSL from the original EA. I use 20TP 25SL , it seems like its not a good money management. LOL!
I’ve seen your SL was quite close, as this is a trend EA, I wouldn’t go any less that 30pips.
BTW… big release tonight for the EA, loads of more options added!
hi aidysproule i just want to give a small update as well as i have one question:
about the update: i think i found the problem why i had some positions without TP/SL. Everytime i opened the program (MT4), i think i would always need to reattach the EA. i have reattached the EA few hours ago and so far no problem. I will try to reproduce the issue tomorrow and so on to prove my theory
and regarding the question:
do you always wait until candle close before opening the position? Let’s say there’s buy signal in EURGBP, and the candle at 13:05 crossing the SMA 60 in M5. Do you wait until 13:05:01 before opening position? Because you know sometimes there might be fake setup (breaking SMA 60 but close below it and vice versa for sell signal).
Hi rsg10z,
I would like to keep the trade criteria a secret, so I won’t be able to answer your question on here, lets just say it’s very close to the manual method of trading the 3 ducks.