Just to be clear to everyone -- the Ultron EA has NOT been gaining money the past few months. That is extremely bad misinformation. The Ultron EA was published at the end of October. There have been a few real trades since then -- one winner and a ...

My "Ultron" EA for GBPUSD H1 timeframe

@cat -- good stuff to read -- thanks... It might be we are on the same page but are stumbling over terminology -- I can't tell. Here's my favorite quote from Theodore Roosevelt -- I think you would agree... “It is not the critic who counts; not the ...

The Loneliness of the Long Distance Trader

I think you are taking his use of the word "limits" too literally. Knowing and accepting one's limits not only frees you to experiment but also enhances your enjoyment and chance for success. "Understanding our limits" does not mean to not try ...

The Loneliness of the Long Distance Trader

@darko2010 -- I really liked your post. And I'm hoping for some additional guidance. According to the dictionary the definition of stoicism: "...the endurance of hardship without complaint...". But, come on, complaining is half the fun. And if I ...

The Loneliness of the Long Distance Trader

Yes -- fewer losses is good... And just to be clear -- though I am opinionated, in the end you should continue to do what works for you. Since you brought up the topic, then I couldn't help but add my two cents. I read lots of advice from other ...

My "Ultron" EA for GBPUSD H1 timeframe

This is good stuff -- you're not off topic. I see what you mean by the LTF (Long Time Frame) indicator -- but for me that is much too long. Most of my trades last only a few hours, so a D1 trend that is 24x longer than my H1 EA just doesn't work for ...

My "Ultron" EA for GBPUSD H1 timeframe

I just now took a closer look at Monday's trade and I've attached a chart below. Using the Kumo Cloud indicator (which is very good for monitoring trends) it shows that Ultron opened a LONG trade above the Cloud. Ultron's built-in slow 50 MA pretty ...

My "Ultron" EA for GBPUSD H1 timeframe

I agree. And I suspect if you drew a 50 MA on your chart you'd find that Ultron's signals would all be SELLs. You can verify this using MT4's Strategy Tester. A few pages back TradeForexFx shared his "Helper Ultron" indicator (post #116). It works ...

My "Ultron" EA for GBPUSD H1 timeframe

Yes -- I also like to check for that. However, it depends on how you determine the main trend. If you ask 10 traders you'll get 11 different responses. The Ultron EA uses a slow 50 MA. This can serve a couple of purposes: (a) as a "proxy" support / ...

My "Ultron" EA for GBPUSD H1 timeframe

Okay -- fair enough. But your post sounded like many others here (and elsewhere) who are surprised the EA doesn't perform well back to the beginning of time. Your words -- "I'm no coder, but if we can try to optimize some of the parameters and ...

My "Ultron" EA for GBPUSD H1 timeframe

The reason why it does best in 2018 is because the settings you are using were calibrated using historical data for 2018. Come on -- this issue has already been covered in recent posts.

My "Ultron" EA for GBPUSD H1 timeframe

Welcome to the human race... Yes -- it would be nice to know what everyone is truly thinking -- but that's not the way it works. "Not knowing" is part of life -- "not knowing" what is going to happen tomorrow, "not knowing" if your kid is going to ...

The Loneliness of the Long Distance Trader

I agree. And I'd like to point out something about Equity curves. You'll notice the X-axis is NOT time but, rather # trades. When your eyes see an Equity curve that appears linear then you assume it grows gradually and consistently over time. But ...

My "Ultron" EA for GBPUSD H1 timeframe

These can be determined empirically. Learn how to use the "Optimization" tool in MT4's Strategy Tester and you will end up with values similar to the defaults you refer to. Though there may be aspects of Forex that are theoretical -- i.e. can be ...

My "Ultron" EA for GBPUSD H1 timeframe

Ladies and gentlemen... With regards to which settings are best -- there are no setting values that work best for all dates. An EA is a simple algebraic formula -- if you don't believe me, just take a look at the *.mq4 source code (it is only a few ...

My "Ultron" EA for GBPUSD H1 timeframe

Actually -- no. You don't have a clue about statistics. This issue has been touched on before -- both here and elsewhere. Correct -- this is not about whether the EA is good or not but, rather, how one goes about determining the best settings for an ...

My "Ultron" EA for GBPUSD H1 timeframe

Your stats show a very short data horizon (approximately 2 months) and there are only 14 trades. Statistically this is not significant. Try using a longer data horizon (e.g. about a year) -- you really need about 100 trades for the stats to be ...

My "Ultron" EA for GBPUSD H1 timeframe

I agree. And if you review the sequence of posts then you'll see how things transpired and began down a different path... Before @CashBoa announces his 4000% return the thread is progressing quietly. He then announces his 4000% return EA. Even ...

My "Ultron" EA for GBPUSD H1 timeframe

Yes -- of course. I spend time coding, experimenting, testing... What I object to is someone announcing they've discovered a 4000% return -- without stats, evidence, EA, or source. And then, repeatedly follow that up by lecturing those with ...

My "Ultron" EA for GBPUSD H1 timeframe

@CashBoa and Holy-Grail believers -- here's a clue: Forex is difficult and there is a fine line between success and failure. When you are easily distracted by shiny objects then you aren't really serious and your journey hasn't yet begun. Let's see ...

My "Ultron" EA for GBPUSD H1 timeframe