i have codeing a expert advisor for metatrader 4 and i want to explain how i have do that.
First i have search for a good entry rule and after i have find one i have search for good settings with the mt4 optimisation for the last 1 - 2 years.
With the settings that i have find with the mt4 optimisation i have make backtest and i have find good results. I have put then the EA with the good settings on a live account where the EA is running now since 1 week and the account is in profit.
How do you find my idea?
I have attach some backtest and live account statement.
nice result, I"m getting more interesting since the exit are much similar to my current method. How do you find my idea? based on your backtest result are good, but not all trader or ea coder put whole picture with BT result, they just looking at % profit, and the drawdown only, and off course these two are main factor.
problem is BT result comes within minutes, at real market implementation we need more time to spend and sometimes the result are not same as BT. that’s why I write to put whole picture of our BT, and after checking your BT result the average profit/loss are still gapping too wide, these average are gonna be our daily return actually since these are ‘averagely’ happen each day :).
here’s my current forward test result, have a look with the blue marker. best BT result should have these value at 1:2 (avr profit : aver loss ) as default factor, 1:1 are always good, some 2:1 are still survive in the long run. while at your BT result, aroun 0.7 avr profit, while 2 at average loss, around 1 : 3 ratio.
I put a watermark on the pic just in case any misued upon the pic, since these are forward test run upon my tickmill platform on vps for almost a year. pay attention with the transaction cost when planning on fast entry exit trading method, save as possible penny since we do an overtrade transaction.
your current system are just need to be tuned a bit more, perhaps the big time loss are appear because the EA are not prepared with predefined SL , based on your BT result order are open without any SL and when there’s profit it began to modify the stop loss regularly along with the market movement, my guess sometimes it hit some bigger losses when the entry are not given any chance to had positive pips.
hope you’ve got the point with the average profit/loss on BT, and put a fine improvement upon your current trade.
Yes, i have myfxbook for this EA, here is the link: myfxbook(dot)com/members/PlanandTrade/fast-trades-ea/1258107
I attach also a new backtest that i have make for EURUSD, this time with 2 pips spread. Look good for me, it nearly make 100% win in year, if i find more settings for other pairs, then it can make the same on other pairs i think. And using all pairs toghter at same time is my idea.
Bro, no modelling quality. These results mean jack. Even at 90% the results can’t be relied on. Lifes tuff for those of us that don’t have access to fixed API’s and a team of c++ programmers. But with a bit of effort you can get 99.9% modelling quality for many years back. Use the search button bro. Keen to see some new results.
[I]Durchschnitt Gewinntrade 5.32 Verlusttrade -23.94[/I]
despite of the modelling quality, your average profit loss are still bit lack as profit. mql BT statistic are bit tricky, they only focusing on profit gain and the drawdown (this one also not actual one).
the average tab at BT result are the actual trading state when it applied upon real market price, unless that’s what I think.
which means your current entries could easiely wipe out 10% based in 1000 USD as used on BT. five times average losing are worth of 23*5 = 115 USD loss. doesn’t mean to discourage, but it all for your own trading system improvement.
these what I can tell based on your trading statement :
mostly tickscalping entries ( perhaps another MDP approach)
use trailing stop (lock profit sequence) upon positive result,
and put a “revenge” increasement lot sequnce upon negative starting entry, which I see not bad strategies since it also has Stop loss for each lot increasment entry been made.
i have also make backtest with tickstory.com data and i also can find good settings when i use her tickdata, but then with the metatrader tickdata it look again different and i never get the message 99% quality from tickstory backtests.
so i dont know which software to use and i think i must search during live trading settings for me.
i also dont like backtest anymore like in the past.
however hoe like can copy my live account trading now also at zulutrade, here is a link: ZuluTrade | Next Generation
seem the account suffer from high drawdown … is something wrong with the EA ?
how much pips stop loss using ?
checking on the performance chart, huge loss comes from single trade.
Yes somethink did go wrong, i have try to manage manualy the trading and then i did not want to close a trade with loose and the loose have become bigger and bigger… i will close this signal service soon, i am sorry for everybody hoe wanted to join it.
I can recover the loose, but it dont look good what have happen, i still have my 600 pips win, but i am not happy anymore with this signal service, i must start a new.
yes like you see i still have few hundert pips win.
but i will start a new signal service soon, i have make for myself some notice abouth errors that i did last time, its little bit sorry of course, that this have not work, but i have learn from it somethink again, so i just can make it better next time.
good to go, its always great to see how traders develop his own trading system, there’s nothing to be ashame :). probably the loss are comes from higher stop loss level used. looking forward for another good trading performance.
