Hi Bernard,

How are you doing with your improvement of the EA "Excalibur" ?

Just for your information, as per my last report, I found the EA had all losses for Audusd on M5, so, I changed timeframe back to M15, and you know what,
3 trades, and all were winning trades (3 trades x 13 = 39 pips).

I just think of some ideas for your consideration as follows:

1. Please add a function "breakeven" option in your EA. For example, for most safety sake, and in the volatile markets like recent time, market usually reverses, then, at least, the EA can trade at a breakeven point, instead of making winning trades become losing trades at the end.

2. Please also add another function "Profitpiplock" option in your EA: This function is used to protect some HARD-EARNED PIPS for the traders, just in the worst case, market reverses too suddenly and sharply. All trades will be winning trades, even some pips per trade.

With above 2 additional functions, together with the current function of Trailing stop in your EA, I think and believe that your EA will be one of the best in the world.

As you also know well, professional traders always think of good Money Management (how to increase more profits while at the same time, reduce risks/losses as minimum as possible), in addition to their good trading strategies. Then, they just let the winning trades run the ride of the trend until the trend ends.

So far, I have bought and tested hundred EAs, and most of them were winners (big winners) at beginning, and in the long-run, they have become big losers, because they lack good Money Management function in the Input.

Besides potential gain and profitability, the EA should have a proper and good Money Management function to survive in all market conditions in the long-run.

Above is just my opinion and suggestion. I hope my ideas are somewhat useful in your improvement of the EA.

Thank you very much for sharing this interesting and profitable EA "Excalibur"

I wish to receive your official EA as soon as you complete it, hopefully, the end of this year.

Best wishes.
James

Attached Images

DetailedStatement.htm. Excalibur_V3_Beta. Nov. 18, 2008.gif (5.4 KB, 248 views)

Attached Files

DetailedStatement.htm. Excalibur_V3_Beta. Nov. 18, 2008.htm (50.6 KB, 18 views)

Hi there Bernard, i sent you the mail with the summary sheet created from the platform. Im also running excalibur on a 30M chart for all currencies. Ill let u know the results as soon as possible.

Crix

Pheniox,

Testing with Excalibur_V3 doing well in Aplari-UK platform, entering into 2nd day.

AUDUSD at 1M
USDCHF at 5M
USDJPY at 5M
EURUSD at 15M
GBPESD at 15M

All Closed at BreakEven, though many can go up 100+pips, some.. almost 400+pips!!!... Hum... OK this is testing. Final version will be better. I will be patient.

I am also testing on Excalibur_V3_Nov05 in MIG. This updated version can run in MIG platform!? Humm... Don't understand why Excalibur_V3 can't run it here MIG and ForexMeta Trader4.

USDJPY at 1M
USDCHF at 5M
GBPUSD at 15M
EURUSD at 15M
NZDUSD at 15M
EURGBP at 15M
AUDUSD at 15M

So far..most of the order expired or not traded. Orders Signal for USDCHF are very far. Only some trade are triggered with small profit.

I will sent out the results at the end of the week.

Cheers
Spot

Hi Bernard,

I'm seeing exactly the same behaviour on my AlpariUK testing as Spot is. All of the trades are closing at zero even after they have shown a (sometimes substantial) profit.

Of the three brokers I'm testing Excalibur with at the moment, Alpari is the only one using pricing at 5 decimal figures - would this have anything to do with these strange results?

I've attached the Alpari chart for the last couple of days.

On another note, demo accounts at two of the brokers where I tried to test Excalibur returned error messages "Error setting SELLSTOP order: expirations are denied by broker (147)". I guess that means that Excalibur would never work at these brokers - they were GOMarketsAus and KVB Kunlun.

Cheers and keep up the good work ,
Wayne

Attached Files

AlpariUK_18Nov_DetailedStatement.htm (88.0 KB, 21 views)

__________________
" There are two times in life - right now, and too late! "

Wayne

Expiration message can be addressed by changing the expiration time in the EA. I will look at this when we release the new update. I am a bit late on releasing the update as I am running a few tests here first.

The five decimal figure is something i will have to look at more seriously here. I will download their demo later this week and see if I can fix this issue.

Wayne thank you again for your continued efforts here. We are getting there .

Bernard

__________________
" Those that say it can not be done should leave those that are doing it alone "

James.

Thank you for taking the time to offer a few suggestions here. Nice to have more than my poor little tired mind working these days...lol

Breakeven is already programmed into the new update about to be released.

Money Management is also programmed into Excalibur V3 and is one of the best money management features I have even programmed into an EA.

When finished everything from risk management to account and trade management will be there for us to configure.

I have found that there is a big difference in time frames.

I have one version running on a daily chart and it has taking as much as 800 pips on one trade. The question I am working on here is whether to allow Excalibur V3 to work on the 15 m or 30 chart and take smaller profits or to place it on a daily chart and allow it to hold the trade open for as long as possible and capture as many pips as possible, the issue is different settings for each time frame.

The difference of course is the stop loss. On a daily chart the price movement over a daily range can be as much or more than 300 pips . Having said this then the stop loss has to be within that range as well around 300 pips. I have no issues with a 300 pip stop loss on a daily range but wonder how many members would " choke" when seeing this stop loss. On a 15 m and 30 m chart the stoploss is set to only 50 pips.

My testing on a daily chart has proven time and time again that there are hundreds of more pips available to the trader and Excalibur V3 will keep the trade open for days at a time, capturing as many pips as possible before closing.

I have finished the update for the EUR/USD on a 30 m chart and it is performing quite well here, but am testing it on the daily chart to see what difference, if any, I have to concider here.

We will get this all together soon and my hopes are to have four major currencies working and eliminate the others until I have more time to look at the others.

Excalibur V3 will and should be able to trade any currency and when everything is said, and done, together we will make Excalibur V3 work on almost all currencies.


To Success
Bernard

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" Those that say it can not be done should leave those that are doing it alone "

Bernard,

With regards to the problem of Forex.com, and apparently several other brokers, using 3 or 5 digits in their prices. I have been using an indicator (not one I wrote) with another strategy I've been working on that uses the "Point" function in several places to display prices on the chart. To get them to display properly, I had to add the following code:

//--------------------------------------------------------------------
// Function GetPoints() Correct point value if broker uses 3 or 5
// digits in price
//--------------------------------------------------------------------

double GetPoints()
{
int iDigits = MarketInfo(Symbol(), MODE_DIGITS);
double dPoints = MarketInfo(Symbol(), MODE_POINT);
if (iDigits == 3 || iDigits == 5) dPoints = dPoints * 10;
return(dPoints);

} // End Function GetPoints()

//--------------------------------------------------------------------

I then had to change all instances in the program that used "Point" to the variable "dPoints" and this corrected the problem.

I am certainly not trying to tell you how to write code, just passing along something I had to deal with. Hope this helps.

Bob

Bob

I appreciate all input and thank you for taking the time to add to our knowledge base here.

Keep up the good work

To SUccess
Bernard

__________________
" Those that say it can not be done should leave those that are doing it alone "

Good day for u Bernard.
I'am testing your EA over 10 days. And i have 2 questions to you, 2 things that i don't understand in logic of this EA:

1 - Why does your adviser offers three similar trade at a time?.
why you need three identical pending orders if execute will only one?

2 - I faced with a problem. During 2 days your adviser work perfectly and prevent from big losses but suddenly he make serious mistake and lose 250 points at one trade. Why it don't set correct stoploss or something? (I set "Money management" to ON.

Thank you for you perfect work and hope we'll see good final release ^)

Excalibur sets three trades, on any signal. When finished Excalibur will be able to make 30 pips profit on a 10 pip positive move. or 300 pips on a 100 pips move.

The logic is fairly simple in that we place three trades at the same price and will be able to change the take profit on each of the three trades to reflect the end users requirements.

Personally I set the first order to 15 pips, the second order to 100 pips and the third order to 600 pips.

The breakeven is set tp 15 pips so it will lock all three trades into at least a 15 pips profit or a total of 45 pips on a 15 pips positive move, and the trailing stop will follow the other two trades and allow us, if the move is there, to capture a lot more profit should the availability be there. If not the all three trades will close out with at least a 15 pip profit on each trade.

Currently we are working without a stoploss, until a profit is made, so these features will not work in the currrent release.

The final release will allow all users to change the settings on the take profit for each order placed, but for now it is simply hardcoded until I finish this project otherwise I will have to deal with far too much information from a lot of different setting.

Please be patient as we develop this EA. Win or lose, on this current testing here, is not as important as the information related to drawdown and profits that I currently require.

Currently the Money Management feature only takes effect on positive trades .


To success

Bernard

__________________
" Those that say it can not be done should leave those that are doing it alone "