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Ok, that's it... I have stopped the USD/CHF again after a very disappointing lose right now. I had stopped it in the past and decided to go again much to my diappointment. I am only going to run this EA on the EUR/USD from now on. You can see my poor results below.
These are my current settings that were applied to both currencies...
extern int MaxTrades=6;
extern int Pips=15;
extern int SecureProfit=10;
extern int AccountProtection=1;
extern int OrderstoProtect=3;
extern int ReverseCondition=0;
extern double EURUSDPipValue=1;
extern double GBPUSDPipValue=1;
extern double USDCHFPipValue=1;
extern double USDJPYPipValue=0.9715;
extern int StartYear=2005;
extern int StartMonth=1;
extern int EndYear=2006;
extern int EndMonth=12;
extern int EndHour=22;
extern int EndMinute=25;
extern int mm=0;
extern int risk=30;
extern int AccountisNormal=0;
extern int Magic = 10201;
Sadly enough, I was actually making a come back on the account.
I would also like to mention that I have started testing the Terminator EA with 5 different demo accounts. Each account is running H1 timeframes on all 4 currencies. For each account I have chosen to use a different indicator. Settings are as listed below...
extern double TakeProfit = 38; // Profit Goal for the latest order opened
extern double Lots = 0.01; // We start with this lots number
extern double StopLoss = 0; // StopLoss
extern double TrailingStop = 0;// Pips to trail the StopLoss
extern int MaxTrades=10; // Maximum number of orders to open
extern int Pips=18; // Distance in Pips from one order to another
extern int SecureProfit=10; // If profit made is bigger than SecureProfit we close the orders
extern int AccountProtection=1; // If one the account protection will be enabled, 0 is disabled
extern int AllSymbolsProtect=0; // if one will check profit from all symbols, if cero only this symbol
extern int OrderstoProtect=3; // Number of orders to enable the account protection
extern int ReverseCondition=0; // if one the desition to go long/short will be reversed
extern int StartYear=2005; // Year to start (only for backtest)
extern int StartMonth=1; // month to start (only for backtest)
extern int EndYear=2030; // Year to stop trading (backtest and live)
extern int EndMonth=12; // Month to stop trading (backtest and live)
//extern int EndHour=22;
//extern int EndMinute=30;
extern int mm=0; // if one the lots size will increase based on account size
extern int risk=0.01; // risk to calculate the lots size (only if mm is enabled)
extern int AccountisNormal=2; // Zero if account is not mini/micro
extern int MagicNumber=222777; // Magic number for the orders placed
extern int Manual=0; // If set to one then it will not open trades automatically
extern int OpenOrdersBasedOn=1; // Method to decide trades:0=MACD, 1=Pivot Point Time Zone, 2=Support and Resistance,
// 3=i_Trend RSI, 4=i_TrendRSIStoch, 5=i-TrendRSIStochMoneyFlowIndex
extern int TimeZone=16; // Time zone to calculate the pivots (not all the methods uses it)
OpenOrdersBasedOn is set to 1 on demo 1, 2 on demo 2, etc.
I have decided to take this EA into consideration because it is mostly based on the 10point3 EA but with different indicator choices. Part of my problem with the 10point3 is that it makes a judgement to buy/sell based on very little information. Plain and simple, if MACD is down from the previous bar the short and if it is up the long. More often that not, I see where it is buying when I would have sold and vice versa. I wanted to see if any of the other indicators in the Terminator EA put the orders in a better direction which should help.
Here are my results so far.
By the way, kenari05 has to keep his eyes closed so he doesn't benefit from this post since he wont share...
Last edited by mtaboneweb; 10-31-2006 at 03:46 PM.
There is no rules and regulation to limit any one to trade forex. Just make sure your country allow you to wire back the money you made from FOREX. Get a offshore account, wire back your money to the offshore account, nobody will say your guilt! I dont know whether his country allow him to wire back his money, but I'm sure he's not welcome. Anyway, forget about that stupid thing. The latest setting aint work during announcement. It closely wipeout my account due to the Chicago PMi...
It is 4AM here and I have just woken up to find that USDCHF has closed off MaxTrades6 for a loss for the first time and EURUSD is trading at the 6th level currently.
The author of this EA sets MaxTrades10 as his default but the difficulty is that one needs a large account to handle that progression without having a margin call so the problem is where do we set that level. I have had a failure at MaxTrades6 for the first time in several weeks and that has cost $1286.68 just about wiping out the profit from the last 2 weeks of $1517. Starting from .1 unit and closing at 3.2 units per trade.
Using a different platform and with all 4 pairs set at MaxTrades5 this week has seen GBPUSD close out twice and USDJPY once. The other pairs were trading in the right direction for profit so why was one copy of this EA working in the opposite direction than the other?
Once again proving the advantage of a demo accounts and adding to our knowledge of how dangerous this EA is.
It is 4AM here and I have just woken up to find that USDCHF has closed off MaxTrades6 for a loss for the first time and EURUSD is trading at the 6th level currently.
The author of this EA sets MaxTrades10 as his default but the difficulty is that one needs a large account to handle that progression without having a margin call so the problem is where do we set that level. I have had a failure at MaxTrades6 for the first time in several weeks and that has cost $1286.68 just about wiping out the profit from the last 2 weeks of $1517. Starting from .1 unit and closing at 3.2 units per trade.
Using a different platform and with all 4 pairs set at MaxTrades5 this week has seen GBPUSD close out twice and USDJPY once. The other pairs were trading in the right direction for profit so why was one copy of this EA working in the opposite direction than the other?
Once again proving the advantage of a demo accounts and adding to our knowledge of how dangerous this EA is.
John
John,
Thanks for the information and sorry to hear about the loss even though it's a demo. The problem with this EA is the way it determines a long/short position. We are working on a 30 minute timeframe and the entry may be made at any moment the chart ticks. It works on MACD history bars. If the current (not closed) bar is currently less than the previous bar then the EA says short and vice versa. To me I would think it needs a little more to go on than that. You might as well flip a coin since the bar isn't closed and we have no solid gaurantee it will close up or down from the previous bar. The history bars on an MACD indicator is not even really reliable when it comes to making a long/short decision by itself since the Signal needs to be looked at as well. This is why I started testing the Terminator EA because there are 5 other possible indicators to use that may get your/our positions in a better direction to start. More often than not I have seen this indicator open positions in directions I would not have chosen looking at the chart manually. I believe the theory behind doubling positions is a great idea but as we've all seen it can hurt a lot if the currency is rocketing in the wrong direction. Better indicator support would help to make a better decision on which direction we should be going in. This EA as it is could possibly open a buy and sell on 2 different accounts if you didn't start them at the exact same time depending on where the MACD bar was when you started the EA. The Terminator may not be the complete answer but I feel that looking at different indicators and possible combination may help this EA to function better/faster. Another problem I have had is watching it open short only to slowly climb and then your forced to wait it out for the 2nd, 3rd, etc. position to finally get you out when a better heading to begin with might allow you to make more trades. I have seen positions that were left open for hours waiting for some sort of slow bounce to get out.
Linear Mode
