Forex
Google
New signals service!

Go Back   Forex Trading > Downloads > Expert Advisors - Metatrader 4


Register in Forex TSD!
Trading Systems Leaders in this forum (automated trading systems) are winning more than 3000 pips in a month (30000$ investing one lot every time).
Click here to register and get more information

Reply
 
LinkBack (11) Thread Tools Display Modes
  #41 (permalink)  
Old 03-24-2006, 09:30 PM
JoZo's Avatar
Senior Member
 
Join Date: Feb 2006
Location: Croatia
Posts: 419
JoZo is on a distinguished road
Quote:
Originally Posted by Nicholishen
You have to download the EA on post http://www.forex-tsd.com/15829-post26.html
Thanks! I had the v2.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #42 (permalink)  
Old 03-24-2006, 09:44 PM
JoZo's Avatar
Senior Member
 
Join Date: Feb 2006
Location: Croatia
Posts: 419
JoZo is on a distinguished road
Hmm the same results
ID=0; lots=1; MM=true; Risk=10; stoploss=35; takeprofit=25; MaxTrades=1; UseHourTrade=false; FromHourTrade=7; ToHourTrade=20; UseTrail=false; TrailingStop=20; LongBar=15;
Attached Images
File Type: gif profit2.1D1.gif (5.4 KB, 272 views)
File Type: gif profit2.1H1.gif (6.6 KB, 266 views)
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #43 (permalink)  
Old 03-24-2006, 10:14 PM
Junior Member
 
Join Date: Feb 2006
Location: JAPAN
Posts: 9
takamon is on a distinguished road
Thanx Nicholishen

it makes good result
but
Needed forward test
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #44 (permalink)  
Old 03-24-2006, 10:16 PM
Nicholishen's Avatar
Senior Member
 
Join Date: Dec 2005
Posts: 531
Nicholishen is on a distinguished road
Quote:
Originally Posted by takamon
it makes good result
but
Needed forward test
Here are some forward tests on the original version Profit Generator EA
__________________
"Anyone who has never made a mistake has never tried anything new." -Albert Einstein
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #45 (permalink)  
Old 03-24-2006, 10:16 PM
JoZo's Avatar
Senior Member
 
Join Date: Feb 2006
Location: Croatia
Posts: 419
JoZo is on a distinguished road
Nicholishen,

Why my backtest is so differnet than your?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #46 (permalink)  
Old 03-24-2006, 10:18 PM
Nicholishen's Avatar
Senior Member
 
Join Date: Dec 2005
Posts: 531
Nicholishen is on a distinguished road
Talking

Quote:
Originally Posted by JoZo
Nicholishen,

Why my backtest is so differnet than your?
The back tester sucks! Let's focus on forward testing, as HolyGuy has. That's what drew me to this EA; after seeing his forward results (post1)
__________________
"Anyone who has never made a mistake has never tried anything new." -Albert Einstein
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #47 (permalink)  
Old 03-24-2006, 10:21 PM
JoZo's Avatar
Senior Member
 
Join Date: Feb 2006
Location: Croatia
Posts: 419
JoZo is on a distinguished road
Quote:
Originally Posted by Nicholishen
The back tester sucks! Let's focus on forward testing, as HolyGuy has. That's what drew me to this EA; after seeing his forward results (post1)
OK! You are right. I will use v2.1 with your settings.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #48 (permalink)  
Old 03-24-2006, 10:52 PM
holyguy7's Avatar
Senior Member
 
Join Date: Feb 2006
Posts: 446
holyguy7 is on a distinguished road
Thanks all for trying to test this EA. Nich has done a great job improving it.

Nich is right, Backtesting is almost worthless as you can have an EA that works great on the backtest but does horribly on forward testing and vise-versa. That is why I focus on forward testing an EA. The things I look for are:

1. Consistency. Meaning that I want an EA that consistantly makes a profit. An occasional loss is expected but I don't like the ones that go up really fast and then crash down really fast. That is why I prefer the higher timeframes as they are more consistent then the lower timeframes. Basically what this EA is doing is seeing where the trend is going for the day and then getting 30-40 pips out of it. This is why I chose currency pairs that would fluctuate enough to snag that many pips average a day.

2. Low stoploss. I don't like a high or no stoploss. I like to know how much I can lose on a trade and like to keep it low. On this EA, I have the stoploss lower than the take profit. Theoretically, I can only get 50% correct to make money on this EA but the percentage of profitable trades is above 70%.

3. Diversification. I like the fact that this EA diversifies among 12 currency pairs so that news will not hurt it so bad. So news could hurt this EA, like any EA but the other currency pairs (if profitable) could help reduce the drawdown.

I tested this EA on the H1, H4, Daily and Weekly timeframes. The following is the H1 Timeframe with timefilter ON. I also did it with timefilter off (on H1 timeframe) and it was a money loser.

The following is my forward test of this EA during the same period as my Daily timeframe results already posted. Perhaps with Nich improvements, that all could change? That is why we all need to start Monday to test using different settings and timeframes. I have told you what works for me and I hope we all can do that together. I am getting ready to start testing it on the monthly chart to see if I can get this EA to do a long term trend. The higher timeframes you go, the more you can expect from the Take profit.

I believe this EA has some great potential especially among the higher (more stable) timeframes.
Attached Images
File Type: gif Profit Generator H1 TP25 SL30.gif (5.6 KB, 372 views)
Attached Files
File Type: htm Profit Generator H1 TP25 SL30.htm (37.5 KB, 393 views)
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #49 (permalink)  
Old 03-25-2006, 01:17 AM
holyguy7's Avatar
Senior Member
 
Join Date: Feb 2006
Posts: 446
holyguy7 is on a distinguished road
Nich,

I have a few question for you about the settings. I just want to understand what each setting does.

1. Risk- I understand that 10 is 10% but 10% of what? Wouldn't the lots that you specify determine the risk?

2. Longbar- I just don't understand what this does. Can you explain how it works?

Thanks for all the work you have done. This very well could be the most profitable EA yet and it was originally mean as a joke. Amazing, I think Dr. Pepper was invented by accident too. Look how popular that drink is.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #50 (permalink)  
Old 03-25-2006, 01:31 AM
Nicholishen's Avatar
Senior Member
 
Join Date: Dec 2005
Posts: 531
Nicholishen is on a distinguished road
Quote:
Originally Posted by holyguy7
Nich,

I have a few question for you about the settings. I just want to understand what each setting does.

1. Risk- I understand that 10 is 10% but 10% of what? Wouldn't the lots that you specify determine the risk?

2. Longbar- I just don't understand what this does. Can you explain how it works?

Thanks for all the work you have done. This very well could be the most profitable EA yet and it was originally mean as a joke. Amazing, I think Dr. Pepper was invented by accident too. Look how popular that drink is.
LongBar is the variable that determines how long the bar is before is enters into a trade. So if LongBar=10, the difference between the high-low of the candle has to be greater than LongBar.

PHP Code:
if ((High[0]-Low[0])>LongBar*Point && Open[0]<(High[0]+Low[0])/&& Ask Open[0]){ 
Here is the formula for determining lot sizes.
PHP Code:
lotMM MathCeil(AccountFreeMargin() * Risk 10000) / 10
Lets say I have $1000.00 free margin. We would multiply 1000 * 10=10000. Then devide that number by 10000; which is 10000/10000=1. Then devide that by 10. So, 1/10=0.1. 0.1 Lots is $100 in margin, thus %10 risk of the free margin. I hope this clarifies.
__________________
"Anyone who has never made a mistake has never tried anything new." -Albert Einstein
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply

Bookmarks

Tags
profit generator 333, profit generator EA, forex, profit generator

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off
Forum Jump

LinkBacks (?)
LinkBack to this Thread: http://www.forex-tsd.com/expert-advisors-metatrader-4/1415-profit-generator-ea.html
Posted By For Type Date
كارگاه اكسپرت Profit Generator - Page 7 - انجمن تخصصی فارکس پارس This thread Refback 02-29-2008 02:27 PM
كارگاه اكسپرت Profit Generator - Page 7 - انجمن تخصصی فارکس پارس This thread Refback 02-29-2008 07:07 AM
expert ها - Page 6 - انجمن تخصصی فارکس پارس This thread Refback 02-14-2008 08:31 AM
expert ها - Page 6 - انجمن تخصصی فارکس پارس This thread Refback 12-02-2007 09:49 AM
- 12 - This thread Refback 08-08-2007 09:03 PM
- This thread Refback 07-19-2007 12:28 PM
Control Panel - Powered by Semipixel.com Technology This thread Refback 07-19-2007 05:30 AM
ASCTrend - 6 - This thread Refback 06-27-2007 12:28 AM
- This thread Refback 06-26-2007 03:59 PM
Profit Generator 333 - IRXFX Forums - Enjoy Pips ! This thread Refback 06-24-2007 03:03 AM
VTTrader: Request Indicator or Trading System for VT Trader. - Page 4 @ Forex Factory This thread Refback 06-22-2007 07:32 PM

Similar Threads
Thread Thread Starter Forum Replies Last Post
forex signal generator paijolopez Analytics 812 Today 10:54 AM
Generator of filter's indicator for MT4 newdigital Digital Filters 26 05-20-2008 07:54 AM
News Generator mqldev News/Signal Trading 21 03-23-2007 12:52 AM
Profit Generator EA results sadaloma Post and compare Trades 216 05-27-2006 06:24 PM


All times are GMT. The time now is 09:25 PM.



Search Engine Friendly URLs by vBSEO 3.2.0 ©2008, Crawlability, Inc.