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Thanks a lot gdreporter for sharing your tests, and it shows exactly what I am talking about, once a pair lose a trade it lose like 2 or 3 times in a row, and this is not only for DIN this is for most of the EAs I have tested.
When I trade if I lost a big trade, I take a break from trading sometimes for a week.... maybe this is what we need to do, is to switch the EA for the sometime on a losing pair giving the market sometime to correct its signals ... cause we do all the right steps ...and yet the market reverse on some of the trades ... that does not happen a lot but when it happens it stays for a while.
I will take a break from testing DIN till the end mid of April, as I have some projects to finish.
I still belive DIN is one of the best EAs I have seen, its just a matter of finiding the right setting for the right pair.
Maybe we can add a code which will stop trading once it got lost? so it can avoid the consequentive loses..
just an idea...
Maybe we can add a code which will stop trading once it got lost? so it can avoid the consequentive loses..
just an idea...
I wish that is possible once an EA takes a hit (I mean a big loss), it stops for a week or 4 days...
I will have to try test that manually, and see the results ... or even in back tests try to see if you get the first big loss then skip a week and resume the backtest after that week and see the results .... we need to give the market sometime to correct its signals, a week is just an idea maybe one day maybe two ... but I would give it at least 3 days.
Try using type 3 trailing stop. It works as follows.
Default StopLoss is 100.
FirstMove = 20; // Type 3 first level pip gain
FirstStopLoss = 50; // Move Stop to 50
In other words when the trade is up 20 pips move the stop loss to 50 pips lower than current price. If the trade reverses before the next level is reached our loss is half of the original stop loss.
SecondMove = 30; // Type 3 second level pip gain
SecondStopLoss = 29; // Move stop to Breakeven + 1
When the trade has moved 30 pips in our favor we lock in 1 pip by setting the stoploss to 29 pips from the current price. You can use a setting of 25 to lock in 5 pips if you want.
ThirdMove = 40; // type 3 third level pip gain
TrailingStop3 = 20; // Move stop to lock in 20 pips and trail from there
When the trade moves 40 pips the stoploss locks in 20 pips and trails from there pip for pip with a 20 pip trailing stop. If the trade moves to 90 pips and reverses the exit will be at 70 pips.
Of course, you can use any settings you want.
I am in the process of writing a combination trailing stop that will begin by trailing pip for pip until the first level is reached, then use the step method of moving the stop. I might also add a few more levels.
Robert
Thanks Robert,
I will test some of the settings starting mid of April. then I will post the results
First I think that only 50 pips of profit for 100 pips stop loss is wrong, We have to make the inverse, because if the trade goes againest us for more than 40 pips it is very difficult that it return back.
Second I want to ask minime what he think about the carry traders (I think that they was sleeping the past 2 weeks and this week they will be here again), just a sentiment.
This week i will test the v2.4 with trailing stop.
Mr Pip what config do you suggest that i put in test.
I wish that is possible once an EA takes a hit (I mean a big loss), it stops for a week or 4 days...
I will have to try test that manually, and see the results ... or even in back tests try to see if you get the first big loss then skip a week and resume the backtest after that week and see the results .... we need to give the market sometime to correct its signals, a week is just an idea maybe one day maybe two ... but I would give it at least 3 days.
A week is too long, IMO... 3 days are OK.
I tested the EA, and yup.. what MiniMe said is true, once it got lost, it will give SL with all currency that I traded.
and it happened 2-3 times loses in one row
Now, let's figure out the way....
Oh, one more thing,
to test the EA more quickly, use the strategy test (F6) and use the visual mode
The market will be moving like a movie,
You will see how the EA work with the past market, and you can determine what improvement you should change.
Hope this one helps.
First I think that only 50 pips of profit for 100 pips stop loss is wrong, We have to make the inverse, because if the trade goes againest us for more than 40 pips it is very difficult that it return back.
Second I want to ask minime what he think about the carry traders (I think that they was sleeping the past 2 weeks and this week they will be here again), just a sentiment.
This week i will test the v2.4 with trailing stop.
Mr Pip what config do you suggest that i put in test.
Regards
gdreporter
The stoploss is a bit of a problem, if you put tight stoploss most of the trades will close in loss .. small losses accumulate to big losses. Even in manual trading you have to let the market move against you.
If we target more than 50 pips then we need to use higher time frames, cause only US/JAP and GBP/JAP moves more than 100 pips per day.
You can try changing the take profit and stoploss and do some backtests, I am almost sure the DIN will not generate a profit then.
Carry traders, is a good strategy but in my opinion either you do it for the long term, and live on the profit see my post here
Or not do it at all cause the best rate will be with the JAP pairs and as far as I can see, all the JAP pairs are due to change its trading direction, I mean the US/JAP and GBP/JAP is waiting for the bears power… so personally I won’t go long on US/JAP or GBP/JAP even with the high swap rate, at least not these days.
It would be great if we can make a code to stop the EA for working, when the trade close on a certain loss value and give a message to alert the user to enable the EA again .... sure he should enable it after sometime (day or two)
I hope someone can explain about this..
I put the EA with 2 different broker, and the condition are the same with the charts,
but I cant figure out,
sometimes, in RT the EA is executed while in FXDD the EA is not executed and vice versa.
Take a look at the arrows in both picture and compare...
I hope someone can explain about this..
I put the EA with 2 different broker, and the condition are the same with the charts,
but I cant figure out,
sometimes, in RT the EA is executed while in FXDD the EA is not executed and vice versa.
Take a look at the arrows in both picture and compare...
I attached the pic below..
The BBands signal don't look the same, check if you have the same setting on the BBands for both setup
By the way that Canadian broker his web site hardly opens http://www.fxclearing.biz/ how did you find his services ? any better than his web site
sorry..to junk post...
Linear Mode
