Can you post some statement for your modified EA? We will love to forward test it real soon. Like i said, if you can modify to 0.1, 0.2, 0.4, 0.7, 1.1 much better for small size fund.

Wish you the best

Hi Bluto, thank you for your considerable contribution to this thread. Could you give us the benefit of your experience regarding your recommended Pipset for the pairs that you are currently trading.
For those of us that are unable to modify EAs could you post the latest version that you are using and keep us up to date with your modification of the Chop Zone Indicator?

It was suggested earlier in this thread that we could use a progression based on Fibonacci numbers do you think that has merit?

There also has been a lot of concern regarding slippage on live accounts, is that a concern for those using a .01 unit start off?

John

John,

I'd be more than happy to share any enhancements. I love the whole concept of this 10Point3 EA but I think it has a fair amount of room for improvement, both in keeping itself on the right side of the trade through better indicators and in money management to reduce risk. I've been studying the code extensively. The mods and tweaks I've been experimenting with are fairly current and I'm just now starting to get some performance metrics which I'll gladly share once there's some meat on the bones.

I think the Fibonacci idea is a great one. In fact, the better route might be to take the lead of Terminator and build this as an additional option to base trade orders on. The core code of Terminator and 10Point3 are identical. I'm also a huge fan of candles & pivots combined (see John Person's books) and there's another ripe method.

On the slippage issue, I haven't experienced that firsthand yet so I'm not sure. I don't deal in large lot sizes yet. I use IBFX and they've recently done some good upgrades to improve reliability and uptime and the orders are processed really quick now without slippage.

Those lot size intervals you suggest would go contrary to the whole Martingale methodology of placing trades via doubling, especially when a trade moves against you. Funny thing is, since this EA is a trend trader, I'm not real sure why that trade style was implemented. I'm thinking a better approach might be something like a traditional closing of half the lots @ breakeven and taking profit on other half when reversal or consolidation occurs. I understand what you're saying though about wanting conservative lot sizing for small accounts. I personally don't have any answers at this point.

Duhhh.. Bluto,
I would like to be the elite group of this forum once I make profit out of it, but not before because it once posted in this thread, right?

I am happy to post my result with 10point3 and Terminator v2 once I get them, coz I like to test every good EA.
well...........

May be you're right. Since this is a trender, why it use Martingale? Should have tweak up the accuracy of open trade rather than taking care of the lossing trade. If this is a countertrender, then Martingale might be useful. I think the entire concept is a false approach...

i don't think its false approach. As you know market is moving zig zagging, there are whipsaws somewhere so the EA was designed to maximize profit. We can set higher secure profit to maximize the profit. However, by setting it higher, this could also give you high risk of closing the trades as soon as possible.

Another possibility in the same chain of thought would be using the baby Murrey Math Lines. They could be a very good confirmation to exit a trade early when loosing (if support/resist broken), and where to set profit. (I want to write code to provide MM levels to an EA for TP/SL.)

I can probably make a quick indicator specifically to be used by EA, but if you look at MM_Octavesv5 and your trades I am very interested in the results.

The dotted 4/8 line, the thicker 0/8 and 8/8 line are all support/resist lines that should mostly not get touched. If the are penetrated (at least on higher timescales) the OSMA value is much higher than normal.

Code is copyright Xard777, I was granted redistribution right.
Edit: more info available at http://www.forex-tsd.com/62784-post314.html

Attached Files

MM-Octaves.mq4 (22.4 KB, 138 views)

Another thing that could be done is when you are increasing the lot sizes, close the ones in the beginning that have no chance of recovering. They are just dead weight adding to your loss as the mkt moves against you. then if you get all the way to level 6, I think you could be saving 14*4 + 28*3 + 56*2 +112*1 or about 364 pips based on 14 pip secure profit segment. how hard would that be to program into 10p3

The pips you save could be used to carry you 1 step farther or add to the profit margin when the market does turn. I don't know if 14 was the correct # to use for the calculations but there comes a point in time when that earliest trade will never be recouped, because 10p3 as written will never back up that far before closing everything. By being proactive, and closing the losers out early, you could also not have to have as big of a rebound to get out with a profit, which in the later stages would allow you to close quicker and possibly it would get back in, in the correct direction??? just an idea