Cowabunga EA

hellogoodbye4201 · September 7, 2009, 1:51pm

i think ill try to improve the system one more time then continue testing afterall as of right now its not exactly behaving the way the system was designed so it would show better results if the system was exactly like the way it was made

kinetics · September 7, 2009, 1:55pm

There is a lot of profit being given up on the long breakouts.

kinetics · September 7, 2009, 1:57pm

It’s your baby. I am only trying to help test it.

hellogoodbye4201 · September 7, 2009, 2:05pm

well the golden cross helped the backtests it doesnt profit, but it makes less trades and doesnt lose nearly as much as the original EA still idk what the TP,SL, and TS should be so any suggestions would be nice

kinetics · September 7, 2009, 2:14pm

TP = SL*2

SL = 35

TS = TP/5 or TP/6 rounded up to whole number. Or keep it at 10?

hellogoodbye4201 · September 7, 2009, 2:21pm

alright currently testing
TP 70
SL 35
TS 14

so far none of the tests are showing good results dont know why cuz this system works for me live lol

kinetics · September 7, 2009, 2:32pm

10 SMA = red
5 SMA = white

Notice the indicators.

RSI = 10
Stochs 5,3,3
williams%R = 10

hellogoodbye4201 · September 7, 2009, 2:35pm

looks like its tradin at the wrong time, i think i helped fix that in the newer version and the results technicaly are better but still aren’t showing profit

kinetics · September 7, 2009, 2:41pm

Once you enter a trade how often do you recheck the indicators? Each Close? Each Tick? Never? Or you just turn the trade over to the SL and TP with TS?

nwongie · September 7, 2009, 2:44pm

Hello all, Hellogoodbye thank you for the EA.

Today was my first day testing this EA, not a good day. I am using this on Forex.com. There are a few things that don’t make sense and a few big opportunities that were missed?

-At 5:30am GMT, ea entered a short trade but there was no crossover? None of the indicators were met and this was at the bottom of the crossover, doesn’t make sense?

At 6am GMT there was a buy cross over and the most of the indicator requirements were met, but the ea did not trade till around 7.45, randomly when all indicators were not met.
At 11.45 GMT there was a sell cross over which was also missed.

hmmm, Hellogoodbye i know these points are on your radar already. This is what kinetics informed were the settings of the EA.

The system now buys when:
-5EMA crosses above 10EMA
-RSI > 50
-STOCH > previous STOCH
-STOCH < 80
-MACD > previous MACD

sells when:
-5EMA crosses below 10EMA
-RSI < 50
-STOCH < previous STOCH
-STOCH > 20
-MACD < previous MACD

Are these fixed in your coding or do you have a range for each indicator requirement, maybe if it’s fixed we need a tiny amount of flexibility? Would we still not buy if stoch was over 80 and vice versa for sell?

Thanks and keep it great work.

kinetics · September 7, 2009, 2:47pm

He noticed the same things. It was a bumpy ride huh… Good thing this is play money.

nwongie:

Hello all, Hellogoodbye thank you for the EA.

Today was my first day testing this EA, not a good day. I am using this on Forex.com. There are a few things that don’t make sense and a few big opportunities that were missed?

-At 5:30am GMT, ea entered a short trade but there was no crossover? None of the indicators were met and this was at the bottom of the crossover, doesn’t make sense?

At 6am GMT there was a buy cross over and the most of the indicator requirements were met, but the ea did not trade till around 7.45, randomly when all indicators were not met.

At 11.45 GMT there was a sell cross over which was also missed.

hmmm, Hellogoodbye i know these points are on your radar already. This is what kinetics informed were the settings of the EA.

The system now buys when:
-5EMA crosses above 10EMA
-RSI > 50
-STOCH > previous STOCH
-STOCH < 80
-MACD > previous MACD

sells when:
-5EMA crosses below 10EMA
-RSI < 50
-STOCH < previous STOCH
-STOCH > 20
-MACD < previous MACD

Are these fixed in your coding or do you have a range for each indicator requirement, maybe if it’s fixed we need a tiny amount of flexibility? Would we still not buy if stoch was over 80 and vice versa for sell?

Thanks and keep it great work.

hellogoodbye4201 · September 7, 2009, 2:52pm

correct lol

nwongie · September 7, 2009, 3:00pm

The he you refer to is a she fellow pippers!

kinetics · September 7, 2009, 3:00pm

I sent a PM with some suggestions. I’ll back off awhile and let you think and work.

hellogoodbye4201 · September 7, 2009, 3:07pm

kinetics:

Suggestions:

The system now buys when:
-5EMA crosses above 10EMA (Change to SMA)
-RSI > 50 (Change to 55 with last RSI > than current)
-STOCH > previous STOCH ( I think here is where some confusion lies… see notes below.)
-STOCH < 80
-MACD > previous MACD (Use Williams%R)

(I assume these are all AND statements.)

sells when:
-5EMA crosses below 10EMA (Change to SMA)
-RSI < 50 (Change to 45 with last RSI < than current)
-STOCH < previous STOCH
-STOCH > 20
-MACD < previous MACD (Use Williams%R)

Should a trader wait for the Stochastic indicator to turn up to recognize a buy signal? Should he wait for it to turn down to recognize a sell signal? Not really, because by the time the Stochastic indicator turns, a new move is usually under way. If you are looking for an opportunity to enter, as soon as the Stochastic indicator reaches an extreme you enter.

Go long when the Stochastics traces a bullish divergence, that is, when prices fall to a new low but the indicator makes a more shallow low. Go short when the Stochastics traces a bearish divergence, that is, when prices rise to a new high but the indicator ticks down from a lower peak than during the previous rally. In an ideal buying situation, the first Stochastics low is below and the second above the lower reference line. The best sell signals occur when the first top of the Stochastics is above and the second below the upper reference line.

Do not buy when the Stochastics is above its upper reference line and do not sell short when it is below its lower reference line. This is probably the most useful way to use the Stochastic. Moving averages are better than the Stochastics at identifying trends, MACD-Histogram is better at identifying reversals, channels are better at identifying profit targets, and the ADX is quicker at catching entry and exit points. The trouble with them is that they give action signals most of the time. The Stochastic identifies no trade zones.

well i plan on going for a bit pretty soon but later ill remake it (again lol) and remove the stoch buy signals ill just leave it as under overbought and above oversold

kinetics if you can PM me a complete setup ud like for this system and ill make that one (buy and sell statements, maybe even close buy/sell statements and also TP,SL,TS)

kinetics · September 7, 2009, 3:24pm

This is your baby. It did very well for a week. I don’t even assume to know enough about trading to make suggestions for a TradeBot. I am just trying to Kick start your creativity since you said you wanted to adjust it.

I will PM a simpler suggestion as you request, but I humbly request that you use your own judgement.

hellogoodbye4201 · September 8, 2009, 10:49am

kinetics can u post a current statement? id like to see how your demo is doing ty

kinetics · September 8, 2009, 3:23pm

Sorry I took so long to get started today, Here is a current Chart and Statement for RefinedCowabunga EA.

hellogoodbye4201 · September 8, 2009, 3:27pm

still in the good lol but the losses took a big chunk of the profits

kinetics · September 8, 2009, 10:24pm

I have since sustained further losses and have turned the EA off. The creator is working on adjusting some things on the beast that I believe will improve it immensely. When that happens I will help test the new version and post daily info here.