Originally Posted by heaven2002

hi, simba
according your EA test , if there is some new SIMBA system buy and sell rule changed or updated?

Originally Posted by frantacech

Simba,
Thank you for your splendid commentary, again am something learned.

Regards FC

Originally Posted by SIMBA

Hi Frantacech

Thanks to you for helping with your posts,we need different opinions,different views..please keep posting,if you think something can be improved,say it..no problem..the market will be tougher on us ..so,we need to check all our assumptions..

Thanks again and Regards
Simba

Originally Posted by frantacech

Guys, I still find any good EA for pyramiding to direct trend.

Both any martingale, fibogale etc, pyramiding loss and i want pyramiding profit.

Look this
http://www.forexfactory.com/showthread.php?t=11566

Your opinion?

Maybe small tuning - booster, options if enable, ea add 1-3 penging order direct trend and step any 15pips? If execute second, first SL to BE, second SL to -15, still risk only one order?

Originally Posted by popok_sakti

Hi,

I just try to participate more in this thread, I have made small modifications which maybe usefull. I attached the new EA with small modifications

- check for spread, is spread is bigger than usual, then exit
- change lot calculation from Integer to double
- check minimum/maximum allowable lot from broker and set to minimum/maximum if less/more than minimum/maximum
- fix the ordersend stop loss,for example, for long stop loss, it will 1 point + spread below the chandelier_dn
- make wpr limit for top (-5) & bottom (-95) as extern variable
also make the 10 pips as external variable, which is for reentry criteria
( maybe usefull for optimisation
- print ordersend error if there is order error
- adding posibility of using atr

Originally Posted by SIMBA

Hi frantacech,

Nothing to be sorry about..I was not offended,I didn`t understood the meanings of your comments..now I understand and allow me at the end of this post to give you some humble "implicit" advice in the form of a story..but first..

You don`t believe results of strategy tester..neither I ,but they are the best next thing,If it works in backtest it can work or not in real trading..but if it doesn`t work in backtest,you better throw it away..in addition we have learnt a lot about a system I trade live ,just by a pair of weeks of testing..

Goblin example...I think that this EA was created by bluto and he is an exceptional programmer,and an even better person..so,the only thing I can say is:if the backtest was not done for at least 2 years I do not consider it a valid backtest..if it was done for +2 years,then 1 month double the account is not relevant..let`s wait for 2 years and compare apples with apples..

Your friend...Most people will use their common sense to say that this is not a relevant example..it is exceptional in both profitability and shortness of time,so nothing you can realistically expect to replicate..I will take another venue..
Let me explain an interesting thing,I started trading in 1992,in that era,in Spain,if you wanted to trade you had 2 options,1-buy complicated ,expensive equipment (most fashionable came with satellite connection) to trade from your office..or go to some broker (fortunately the broker was very serious)to trade in the customer`s room(if you have read "reminiscences of a stock operator" ....you will imagine the ambience ) where we had 3 bloomberg screens for Futures traders,separated from the screens used by stock traders in the spanish stock exchange..in front of "our" screens sat everyday from 5 to 10 "daytraders",obviously we shared the 3 screens..and the 2 phones to execute the trades...

After the first year there were still around 7 traders of which only 2 were the same that when I started(I would say average life span was 4 months and i saw like 20,25 different people there)),your humble Simba and "my friend"..the only reason I was still there being that i was short the pound (and had the balls to ride the move) when George Soros decided it was a good sell too..he probably had insider info on my trade ..

The reason why "my friend" was there is that he converted a 50k$ account into 1.7 MILLION $ in 7 months..I was there I saw him do it,he traded 2 to 3 times a week,opening new positions or adding to already favourable positions that he then kept for 2 weeks to 3months,during that period I would say I never saw him lose a single trade,and,before somebody asks,I didn`t followed him...

Well..one day..he mentioned to me that with the money he had plus bank funding he was thinking about creating a Fund,with about 100mm bucks in it,etc,etc("delirios de grandeza "we say in spanish)...in 4 months he was back to below 100k$-he had the good sense to stop when his account was at around 70k$-he took the money,went to India to meditate,yes it is true..he went to India to "repair" his defectuous tool..his brain,and the astonishing thing is that around 6 months later,he reappeared,opened another account with 50k..and you know what..in 6/7 months he was back to 1.7mm bucks..and you know what..5/6 months later he was back at 70k(I told him he must have some kind of freudian fixation with 7..probably not his lucky number)

My friend was a genius trader with a psychological issue that severely limited his performance..Your friend can be either a genius or a lucky trader..only the passing of time will tell

To be successful in trading you need 3 things:

1-The basis: An edge,a profitable system,be it a 30% winning system with 8 to 1 avg win vs avg loss ratio..or a 80% system with 1 to 1 ratio,etc.with max 20% peak to valley drawdown..

2-The Multiplier:And I will prove it to you now..just look at the attachment,it is the same system that made 44k(13%maxdd) in the tests..now it makes 470k(38%maxdd)..what is the ONLY difference? what is the Multiplier? Money management..my friends

3-The Survivor:The most important issue in tradind is survival,believe me that ,just after my first year of trading,I felt like a 1000 years old vampire having seen how all the "departed ones" had exposed themselves unnecessarily-and happily- to the sun..The Survivor is you,your psychological issues..you have within yourself the capability to be a genius..and to destroy your account much faster than you can grow it.

Please see the attachment.and Hope this has helped somebody.

PS:Today is a typical "vampire killing day"..NFP..put on your solar protection .take care..The Van Helsings of the world are there trying to trick you into the sun..

Regards
Simba

Originally Posted by Malcik

Hi popok_sakti,

Thanks for your contribution. However, this EA is not ready and is not supposed to be ready for live or demo trading. We want to keep it (its source code) as simple as possible. The Chandelier and SATL values are already difficult enough for the computer to compute and running the backtest on 2.7 years of M5 data isn't exactly a fast thing. We don't want to increase the running time even more When we go to demo trading, we will employ things like spreads, alerts etc. However:

1) If anyone wants to try to forward test this system (although it would be very preliminary), please use popok_sakti's modification.
2) I'll change the lot number from integer to double the way you did it and include it in next release. It's true that we could use minilots and smoother position sizing.

As far as the Ask and Bid issue in LastBuyPrice and LastSellPrice -- it's done the way it is because we want to see how far has the chart (Bid price) moved since last entry. Spread has nothing to do with this, that's the reason for using Bid price only. There might be some other confusion about adding and substracting the spreads around Chandeliers and other things. I've tried to think it through very well and I think it should be the way it is now. If you have doubts, please don't correct it, just show me and we will discuss to avoid confusion -- example: this LastBuyPrice issue is hitting in the eye, yet it is there on purpose

Thanks again for your work

Originally Posted by popok_sakti

Hi,

I just try to participate more in this thread, I have made small modifications which maybe usefull. I attached the new EA with small modifications

- check for spread, is spread is bigger than usual, then exit
- change lot calculation from Integer to double
- check minimum/maximum allowable lot from broker and set to minimum/maximum if less/more than minimum/maximum
- fix the ordersend stop loss,for example, for long stop loss, it will 1 point + spread below the chandelier_dn
- make wpr limit for top (-5) & bottom (-95) as extern variable
also make the 10 pips as external variable, which is for reentry criteria
( maybe usefull for optimisation
- print ordersend error if there is order error
- adding posibility of using atr