Hello World, from England

Thanks, yes it’s a real eye opener and I now have a headache!

Managed to tweak the EA so over 4 years of testing it lost 63 pence!

:smiley:

So no good really but it does show just by tweaking things you can get a 5% improvement, useful to know if I can get one that actually makes a worthwhile profit in the first place.

I’ve got load of ideas, probably none original, but let’s see what can be done. AI is great but also can be a real pain as well, like having a 2 year old!

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Well I am hoping this is a bullish pennant forming right now on XAUUSD, fingers crossed I am in the trade.

Eek! More than 15p per annum?! Last of the great financial disasters. :sweat_smile:

Yes; a more serious point altogether and essential to know. Especially if you can do that 2-3 times, you can move many things from overall loss into overall profit.

You probably don’t score anything extra for “originality”. Maybe nothing’s really completely “original” anyway? I wouldn’t worry too much about that.

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Happy with this, for once I actually did a trade using some analysis and didn’t just jump in feet first!

tradingview. dot com /x/SxSBIGsh/

(can’t post links still!)

Now just over half way to my first phase of the challenge with Maven.

I hear that! :face_with_diagonal_mouth:

So you just have to repeat once whatever you’ve successfully done once, and then you’re funded? Sounds good.

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No it’s only the first phase of three, but it’s still a nice milestone to be at!

I chose small phases of just 3% as it seems easier overall.

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Sorry, misunderstood. But wishing you very good luck for the rest of this and two more little phases - take care! :sunglasses:

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I’ve got a XAUUSD scalping EA that is profitable on Monday and Fridays now :smiley:

That’s backtesting over 18 months.

Need to see if I can tweak it, it also looks to be profitable Mon-Fri for around 11am to 3pm, weird.

Yes, that would certainly concern me as “potential over fitting.” I wouldn’t be too confident about that one, moving forward.

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Now got one with 80% profit over a year!

It’s rather unorthodox though, need to refine it.

What’s generally regarded as the most “stable” currency pair?

EUR/USD is generally regarded that way. AUD/USD is also relatively stable, and USD/CAD.

That’s “overall,” anyway - their relative stabilities do change, from time to time.

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Well gold is certainly volatile right now.

Well, I have a profitable EA now, but how much profit do you need to make it worthwhile? Mine is only around 20% a year, you can get funds that perform better and are lower risk.

For me (for most people, I think?) it’s not about the profit %. It’s about how much bigger the profit % is than the drawdown %. In other words (and these would be the words of an investor or a risk manager or whoever), it’s about the drawdown %.

You can always adjust the “stakes”, if the drawdowns aren’t too dangerous.

A system that makes 20% per annum with a PTT drawdown of 4% is no better or worse than a system that makes 10% per annum with a PTT drawdown of 2%.

If you show any “profitable” system to any investor or risk manager or whomever, they’ll instinctively scale the PTT drawdown figure up or down to 4% (because that’s an industry-wide “maximum acceptable risk figure”) and then adjust the profit per annum accordingly, depending on how much they had to change the drawdown to make it 4%.

Of course, I’m not suggesting that your acceptable maximum drawdown figure has to be 4%. We all have our own degree of risk aversion, depending on all sorts of factors. (Mine, I admit, isn’t far off 4%!).

So: what was the biggest drawdown over the period for which the profit was 20% per annum?

Let me do more testing and I will let you know, I still think I can refine this and make it better.

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Good luck. Make sure it is “testing” and not “backfitting,” though: it’s very easy to confuse the two and come up with something that was perfect historically but loses money later. Another reason why forward-testing and out-of-sample testing are absolutely essential. :wink:

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Right I’ve had to step away from building a robot as my head is bashed. Will possible come back to that once I have a easy to define strategy that works in real life!

But it’s been a very useful exercise for a number of reasons, back to trading now.

Are we talking literally or metaphorically, here? :open_mouth:

You’re not alone. It turns out there’s been some kind of software glitch, over this. You might want to add a quick post to the thread below, just to alert the authorities? :wink:

Is XAUUSD hitting 3k today?