Once this last bug is found I will be posting the EA for others to test.
By keeping this "solitary" for now prevents the clutter that can happen with too many testers and needing to expalin the various inputs.

Robert

Actually I agree 100%...Thank you for your work (I think). You must understand that for those of us that cannot grasp programming language... it is a gift to us....

I find that leeching off these various Forums to date has yielded nothing for me. But I still hold out hope...and the conversation becomes entertainment. I was even foolish enough to send some guy half a "C-note" once to get "in" on what I am seeking.

Please do not interpret any disrespect here. You and iGoR and others are in a field where the EA works or it does not...mathematics is a wonderful profession...now if only us traders could have a system go that way...sometimes we trade well...and sometimes the market does not let us...but that is not within a traders control, other than to use stops...The markets/dealers/banks lie, fool us and cheat us all the time...where mathematics never lie.

Mr. Pip, I will challenge you to discover a mathematical way to cover the spectrum of trending verses chop...You will never be able to "can it" and optimize both conditions in the same EA...prove me wrong...

Respectfully
ES

P.S. The difference between you and I Mr. PiP..is that if I accidentally found a way to my challenge (if a way existed) in a public discourse...I would disguise it as soon as I realized what I had found...I admit it...you would never see it...no one would...I would do what I do...I am a trader..I would not even sell it for 1 million dollars...as I have sufficient capital and experience to make one million in a short time by trading the holy grail. (I would have to hide well...spread out to many dealers and brokers...and lose purposely at times to fool them...lol...yes I once was a professional BlackJack player too...but that has nothing to do with trading) Now if I were dieing and had one year to live..I have a few people in my three ring binder that have inspired me over the years...I would leave them with a gift that kept giving before I died....but would they be able to trade it?

I know you guys are still working on the EA logic, and I hate to be one of those guys that throws out "suggestions" all the time, but I think I will do it anyway.

Have you experimented with limit orders as opposed to market orders? I.e., putting a short order 40/50 pips below current price wherever a sell signal occurs? As long as this interval is smaller than the default SL it seems like it might save some pips from false entries in the long run.

Keep up the great work, I look forward to seeing what you can put together.

__________________
魑魅魍魎

So to clarify, enter on stop orders...this way you don't miss a thing.

This is a valid way to use tops and bottoms for entry...unless you are still way too early...and the market decides that. but this is a valid example to put the entry on your side with a buffer zone, without having to endure stopping and re-entering...but the lagged entry still costs dollars on the TP side...but just one time

ZIG ZAG inherintly measure "legs"..I wonder if the position in the longer term TF might be something to look at...is it in the upper or lower half of the candle....where is it located in the "range" of things...

Thinking abstractly to stimilate a plan
ES

What you are trying to achieve I'm doing with stochastic and Heiken candles already. 50,3,3 stochastic show overbought/sold conditions just like zigzag does and HA shows entry with stoch cross in agreement. For that you don't need zig zag at all and is similar but still much different than original Bear's rules.

Have you guys ever wondered if there was never going to be an answer to beating this markets? Maybe this is God's little experiment to see how we work together trying to analyze and make sense of pure unadulterated chaos. Reminds me of an episode of the "Twilight Zone" where the humans were under a glass cover like an ant farm being viewed by bigger humans.

Just thought this can help you guys out......

Don

P.S. ElectricSavant keeps on reminding himself of the painful unleashing of half a C-note, but on the other hand makes insinuations that he is wealthy. I sincerely want to know what drugs you are on and is there long-term side effects?

Don...are you bored?

ES

I posted this a few posts back

> There is still something not right with the EA. It clearly misses some trades
> that appear to meet the rules. I printed out the values of the zigzag
> indicators and there are times since Sept 7 when a trade should have
> been placed. I will be working on this problem next.

This is not a bug. The nonlagdot indicator on the chart had a length value of 10. The EA used a length value of 20.

Using a length value of 10 had greater profit during the test period but also had much larger drawdown. With WaitSignal 3 profit was about 43K on 10K account but drawdown was 52%. A setting of 10 does not filter as many of the false signals from the zigzag based indicators.

Using length of 20 shows profit of 32K and drawdown of 18%.

Robert

Are you aware that I was a mathematical analyst before becoming a programmer?

I am currently working on an idea for trading the 30 minute chart.
I am not going to give away the details but here is the general idea.

When the filter I use to determine chop says chop I would trade something like Bollinger Bands with gimme bars or CCI Zero Line Reject or bounce between +100 and -100.

When price bounces off top go short, off bottom go long.

When the filter says no chop I would trade with the trend, maybe using Bollinger Bands or CCI for that as well.

When price hits top go long, when price hits bottom go short. For CCI trade the zero line cross.

I developed an ea for another thread that has had only 1 loss in 23 trades since Mar 1, 2007. The EA runs on the 30 minute GBPUSD with chop filter and session time filter.

Robert

Yes I was faintly aware of your mathematical background..I read a post of yours somewhere...

As far as the challenge...it stands

You will not be able to catch all of the conditions the markets presents over the last 10 years. You cannot "can" trending and ranging and cover the cycles that the last 10 years have presented. Just trust me...you cannot. But I would be delighted if you would take it on and prove me wrong...This is not an idle challenge...it is serious...but I do not have any prize money to offer...this is for the pure academics of it...

ES