Been playing around with a strategy tester on Metatrader 5’s platform.
I think I have a strategy to win the competition with, but I’m unsure.
The rules for the competition want the bots to run using $750,000-$900,000
In this setup i used 700k. It works just as well with 900k.
Do I need to make it risk more to make more money? Or is 1.5+ Million good enough? I have a version that will make over 3 million using 900k… i just don’t know if i should submit this one or that one.
Here’s what the back-test looks like on the 1.5 mil version. (Tested it from 01/01/2012- as far forward as it would test, 04/–/2012)
And how does this bot work? to be honest it looks like it is waay over optimized, for a system to have no losses is near impossible :3 the key is to minimize losses more so than maximizing profit
they have an automated trading championship, this is the link to the 2008 one, as you can see the winner tripled his account in three months with his ea but he had many losses and large ones too
Another thing is the testing data should be much greater, atleast 2 years i’d say, you want to know if the ea can perform overall profitably through all market conditions so a large period of time is needed for the tests
I don’t know how you can over optimize a bot. This bot works even if backtested all the way back at the beginning of the market.
Have you made a bot that runs 96%-100% winning average starting at the beginning of this year til April? I have tested so many different strategies. But none have come close to this bot. I used the macd to make it
You can over optimize a bot by tweaking it to specific periods of time that reduces its overall profitability while increasing it during the period you are testing it in
And no aha i have not made a bot that profitable if it is indeed that accurate, you must have a lot of tight filters on it then to have no losses, i dont suppose you would allude to the theory behind the strategy? If i were you i wouldn’t give out specifics
EDIT: if you could post some of the trades that would be interesting to see i’d love to theory craft
I’m going to forward test it as well, no funny filters or anything. Just the right chart matched with an indicator that has the right settings. 3.5 mill isn’t enough even. I’m going to up the lots so that I will make 10+ mil in this time frame. The automated trading championship lastsfor 3 months. Whoever makes the most profitable bot wins. So tweaking the bot to take a lot of risk, that makes the most money will win. Unfortunately if I don’t do it, someone else will get lucky and will do it to win. It’s not the safest one who gets the most profit. It’s the one who called the right trades with the most amount of money in those trades.
I might share the settings if I make a new bot. One that does this with less risk. All I have to do is Lower the lots per trade and the risk will evaporate
If it is for a competition, you might need to set the risk high. You probably will not win by using safe money management.
Most bots that win competitions are fairly useless for real trading. They just get lucky with the market conditions.
Maybe try to predict the market conditions at the time the bot is trading. What will happen with the euro, etc. You could set up a bot that only trades short on the euro if you think it is doomed for eg.
Thanks. I have been thinking the same thing. I have two or threes bots that run 100% winning average. One of them would have won 75 trades in a row from January until the end of march.
The challenge is how do you make the bot backtest positive at least 8 trades in the beginning of the year, but not lose and still win for the October 2nd trough December 28th competition? 100% isn’t hard to achieve, but I want it to stay 100% all year starting in january and starting in October. any ideas? Plus using 700k or 900k what do you think the winner is going to be able to put out? How many million should I keep trying to go for?
Sorry I am confused - I start many posts like this - If you have a bot as you say you do? why not open up live with $50 and make the $2000 prize money you would have won? – Also - read fine print;: if you have a winning bot - does the competition required you submit the code - before they will award the winnings? That in itself would keep me at bay - - I’d want to keep my ‘winning bot’ to myself - at least for the short term.
Thanks. I’m working on a different bot using an indicator I developed with Zechat doc to enter into the competition with. I don’t think I need to submit the code, but either way as long as zechatdoc is cool with it no big deal.
As far as this bot goes, I don’t think it will continue to win forever. Apparently most bots have this problem. I’m going to pull up the specs and share them with y’all. Bout to take a picture
Can I get the code that tells it to risk 95% compounding. Or 65%? Where would I put that in the mlq5 language editor? Thanks!
I made the bot using mt5. Yes there is a difference. I need the 2 hour candles for it to make the trades. Mt4 doesn’t have that. If anyone wants to hook it up to a real account, I would love a small amount of the profits. I don’t mind sharing if I was able to get a little in return! If the other bot me and zechatdoc are making can’t beat this one, then I will be using it for the competition. It put in a trade tonight on one of my practice accounts. It’s up 14k at the moment xD. Granted it’s using 200 lots like I will be at the comp… less than 3 hours have passed and it’s up more than 14k (it longed the EUR/USD at 1.2525)… Not bad.
Edit: I have an idea… I probably will give out this bot for free, and will gladly accept donations if anyone makes money off of it! I’m broke right now and would love to hook this guy up to my real account. I start a new job this week, but it will be months before I can finally fund my account with enough to trade with. Do you think anyone would try it? Or even donate if they made money? Granted I spent a lot of time making it.
First trade placed yesterday just closed positive making $63800.
I’m going to keep this bot running until October linked to a practice account that started off at 700k
Will keep everyone posted.
So far today’s totals are $763800.
I will also post BadBoy’s next trade when it occurs. Like the name?
Update BadBoy just entered a short position in the EUR/USD at 1.25538. Currently up 6.8k
As for the code, thats what I figured, it took me alonnnnnnng time to figure out MT4, and wont even try to learn mt5 at his time, because I dont use EA’s anymore…
Your strat seems solid tho, none the less, and wish you great success with the Bot…
Thanks. This ones is still 100% for the year. Totally 34 trades, 2 of which it made from yesterday until now. BadBoy just closed out of it’s 2nd trade making a total of $16,800. One day, 80k, not bad, rather goodboy. Lol.
How do you know if it’s a solid strategy? I’m only using one indicator, the macd.
It basicly means, your trade is backpeddling, and you dont want that… So, if your EA triggers a trade, and its always making forward progress, then eventually closing allways in profits, thats golden… I dont hink you needs X amount of time to tell an EA is working properly. You just have to refer to the drawdown, plain and simple…
If your EA is in positive position 100% of the time, There is very little risk, which inturn lets you " bet the house" on every trade…
Bottom line, You Never want your trade backpeddlin on ya…
If thats positive, and your strike rate is 100%, and your Emergency stop is 5% max, you will be shoppin for nice things very soon…
Shopping for nice things… I wish! Even if I had 10k, using 1 lot per trade since January up until today, it would only have made me 6k. And I don’t have anywhere close to 10k.
As far as drawdown, since january, it says it has had a equity drawdown maximal of 14.97% seems pretty high. It says equity drawdown absolute is around 1%. Of course if you lower the risk, these two change for the better. As far as balance drawdown goes… It says 0.00 for absolute, and .05% for relative. Profit factor of 2008 seems a bit rediculus.
Getting rich off this bot is a nice thought, but I have no startup capital at the moment. Damn I wish I could get a loan lol. But that’s probably illegal and I don’t have any credit yet!
Most people would laugh at me If I told them I made a bot that thus far starting this year would only have made me money, never lost a dime. 100% winning average? Yeah right they would say.
Shoot i wish someone who has a big account balance would contact me for this thing. I would gladly give it too them, just shoot me a few g’s or Benjamin’s off your first win or something.
I’m trying to get some capital for this thing but it’s going to take months. I’m 21 and need a car before I need trading…
i’d love to theory craft