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H1 timeframe XAUUSD EA for all

  • #81
  • Jan 11, 2018 8:16am Jan 11, 2018 8:16am
Quoting noza
if got the function to reverse the trade after got signal it would be better traded, small TP. I forward test live acc 0.01 all lost.
The EA does take opposite trade if SL hit on the same day. Trust me I have tried many options, before confirming the profitable ones.

I also used to believe in taking small profits and did make money, but 1 bad trade took it all. happened multiple times in past.

The EA above is just opposite, it takes multiple small losses, but 1 big profitable trade gets it all back + more profits. Anyways, I would suggest using the EA as described in the 1st post.

The EA has more option, I have tried them all, but ended up in the loss., just stick to the first post.
  • #82
  • Jan 13, 2018 7:23am Jan 13, 2018 7:23am
Hi everyone,
I always downloaded stuff from FF but never said anything. In this case I would like to thank abhirag for sharing his paid work.
It's running on a demo account since last weekend and he did 3 orders: 2 losses but the 1 profitable evened up everything and also gained something.

I closed it because I don't like having open orders over the weekend but I guess it could have gained even more if left running

Thanks abhirag! let's see how it goes in the coming weeks
  • #83
  • Jan 14, 2018 8:05pm Jan 14, 2018 8:05pm
Quoting valer85
Hi everyone, I always downloaded stuff from FF but never said anything. In this case I would like to thank abhirag for sharing his paid work. It's running on a demo account since last weekend and he did 3 orders: 2 losses but the 1 profitable evened up everything and also gained something. I closed it because I don't like having open orders over the weekend but I guess it could have gained even more if left running Thanks abhirag! let's see how it goes in the coming weeks
Appreciate your response. SL hit on third trade as well, but again, I would still suggest to let EA run and do not manually close or modify the trades.
  • #84
  • Jan 14, 2018 8:21pm Jan 14, 2018 8:21pm
morning.. why I can't attached this file.
after I download, my file become pdf.
please help me. thx
  • #85
  • Jan 14, 2018 9:32pm Jan 14, 2018 9:32pm
Hi abhirag. Thanks for sharing your EA. I did a 1 year backtest of your EA from 01 Jan 2017 to 31 Dec 2017 using your recommended settings and 99.9% data quality. I think the result is roughly the same as your live account. I think this is a really profitable EA.

However, I noticed from the result that the EA is taking the opposite trade even if a profitable trade is still running. Example: A buy position is still open and in profit, the EA will open sell positions which would result in losses. You can see this in the graph where the equity is high but the balance is slowly decreasing.

My suggestions:

1.) Prevent the EA from taking opposite trades when an open PROFITABLE position exists.
2.) Allow EA to take more than one trade per direction (for example: 2 or 3 BUY positions).

I am currently forward testing the EA on a micro account, however I am testing other EA along with it. I will post it later. Hope this helps.
Attached Image(s) (click to enlarge)
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  • #86
  • Jan 14, 2018 9:58pm Jan 14, 2018 9:58pm
Here's the forward test on live micro account. (1 lot = 1000 USD)

The EA took 3 trades since I started FT.

2 got SL'd with -0.47 loss and 1 still open with +2.91 floating profit.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Photo editing_Cloud20180115.jpg Size: 32 KB
Click to Enlarge Name: Screenshot_20180115-113838.jpg Size: 108 KB
  • #87
  • Jan 14, 2018 10:57pm Jan 14, 2018 10:57pm
Hi, I've exported the Strategy Tester Report of the backtest above to Excel and removed the opposite trades when there is an open profitable position. Profitable trade highlighted in Green. Opposite trade highlighted in Yellow. The theoretical result is twice the profit at the end of 1 year (refer to attached Graph).

Notably, the opposite positions highlighted all resulted to losses.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 27 KB
Attached File(s)
File Type: xlsx abhirag-DailyBreakout.xlsx   29 KB | 570 downloads
  • #88
  • Jan 14, 2018 11:53pm Jan 14, 2018 11:53pm
Quoting zeramlakireg
Hi, I've exported the Strategy Tester Report of the backtest above to Excel and removed the opposite trades when there is an open profitable position. Profitable trade highlighted in Green. Opposite trade highlighted in Yellow. The theoretical result is twice the profit at the end of 1 year (refer to attached Graph). Notably, the opposite positions highlighted all resulted to losses. {image} {file}

Thanks for feedback, we do not know which trade will hit the TP as its far from the price trade triggered, the opposite trades are taken to as per strategy to secure the profits you have made, also if the trend reverse without hitting the TP, the opposite trade will keep you covered.

I have tested taking multiple trades in same direction and resulted in loss, hence got it removed from code.

There is also an option to use trailing stops in EA if you like, but again, the results were not convincing so i dint use trailing stops.

Hope it explains.
  • #89
  • Jan 14, 2018 11:57pm Jan 14, 2018 11:57pm
Quoting abhirag
{quote} Thanks for feedback, we do not know which trade will hit the TP as its far from the price trade triggered, the opposite trades are taken to as per strategy to secure the profits you have made, also if the trend reverse without hitting the TP, the opposite trade will keep you covered. I have tested taking multiple trades in same direction and resulted in loss, hence got it removed from code. There is also an option to use trailing stops in EA if you like, but again, the results were not convincing so i dint use trailing stops. Hope it explains....
Thanks for clarifying abhirag! I really appreciate you sharing your system and your EA. Green pips to you!
  • #90
  • Jan 20, 2018 1:44am Jan 20, 2018 1:44am
please where put the Daily breakout16 ? Indicators , Scripts and expert ?? thank you
  • #91
  • Jan 20, 2018 8:43am Jan 20, 2018 8:43am
Quoting zeramlakireg
Hi abhirag. Thanks for sharing your EA. I did a 1 year backtest of your EA from 01 Jan 2017 to 31 Dec 2017 using your recommended settings and 99.9% data quality. I think the result is roughly the same as your live account. I think this is a really profitable EA. However, I noticed from the result that the EA is taking the opposite trade even if a profitable trade is still running. Example: A buy position is still open and in profit, the EA will open sell positions which would result in losses. You can see this in the graph where the equity is high...
Hi,
Can share your setting?

I tried tested on year 2017 with 90% data quality, but getting negative $50.
I used the setting shared in page 1. green pips.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot2.png Size: 24 KB
  • #92
  • Jan 21, 2018 3:41am Jan 21, 2018 3:41am
Quoting happytrade38
{quote} Hi, Can share your setting? I tried tested on year 2017 with 90% data quality, but getting negative $50. I used the setting shared in page 1. green pips. {image} {image}
I used the same setting as you. I used Tick Data Suite (google it) free trial and data from Dukascopy.

I even set variable spread, execution delays, and slippage in my test to make it a little bit more realistic.
  • #93
  • Jan 21, 2018 5:57am Jan 21, 2018 5:57am
Quoting zeramlakireg
{quote} I used the same setting as you. I used Tick Data Suite (google it) free trial and data from Dukascopy. I even set variable spread, execution delays, and slippage in my test to make it a little bit more realistic.
I downloaded Tick Data suite and using same setting, the result is the same of negative.
Would you mind to share the setting? and which time frame you test on? green pips.
  • #94
  • Jan 21, 2018 12:35pm Jan 21, 2018 12:35pm
Quoting happytrade38
{quote} I downloaded Tick Data suite and using same setting, the result is the same of negative. Would you mind to share the setting? and which time frame you test on? green pips.
Hi, maybe there is a problem with your broker. Does your broker allow hedging? Because, as explained by the OP, the EA hedges position when there is opposite signal to protect the profit. I'm not sure if I'm allowed to post my broker here so I won't.
  • #95
  • Jan 21, 2018 6:42pm Jan 21, 2018 6:42pm
Quoting happytrade38
{quote} Hi, Can share your setting? I tried tested on year 2017 with 90% data quality, but getting negative $50. I used the setting shared in page 1. green pips. {image} {image}
Use Trailing should be FALSE
  • #96
  • Jan 21, 2018 9:49pm Jan 21, 2018 9:49pm
Quoting zeramlakireg
{quote} Hi, maybe there is a problem with your broker. Does your broker allow hedging? Because, as explained by the OP, the EA hedges position when there is opposite signal to protect the profit. I'm not sure if I'm allowed to post my broker here so I won't.
Hi,
I am doing backtesting, shouldn't be hedging issue which relate to broker.
  • #97
  • Jan 22, 2018 1:40am Jan 22, 2018 1:40am
Quoting abhirag
{quote} Use Trailing should be FALSE
Although change the trailing to FALSE, it still slight positive. any one can share?
  • #98
  • Jan 22, 2018 5:34am Jan 22, 2018 5:34am
Hello Abhirag ,

Thanks alot for sharing your fantastic EA

I back tested on 4H , it gave way better results
i will fore test it and let you know after 1 month

please advice Whether you tried it on 4H or not
also please advice how Long i can use it on Live account

regards
Miz
  • #99
  • Jan 22, 2018 6:01am Jan 22, 2018 6:01am
Quoting miz1987
Hello Abhirag , Thanks alot for sharing your fantastic EA I back tested on 4H , it gave way better results i will fore test it and let you know after 1 month please advice Whether you tried it on 4H or not also please advice how Long i can use it on Live account regards Miz

can your result and setting?
  • #100
  • Jan 22, 2018 5:00pm Jan 22, 2018 5:00pm
Quoting miz1987
Hello Abhirag , Thanks alot for sharing your fantastic EA I back tested on 4H , it gave way better results i will fore test it and let you know after 1 month please advice Whether you tried it on 4H or not also please advice how Long i can use it on Live account regards Miz
Hi miz1987, thanks for testing it. I have not tested it on 4HR as the strategy is based on 1HR, not sure how it will work in 4HR. Will test surely. You can use the EA forever on live account, it will never block.
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