Donna Forex Forum

Systems (EA's and manual), and Managed Accounts => EA's (automated systems), and associated items (VPS, support/questions) => Topic started by: donnaforex on April 14, 2014, 09:09:35 AM

Title: FX Autotrader Elite
Post by: donnaforex on April 14, 2014, 09:09:35 AM
I have been speaking to the owner of FX Autotrader Elite via email.

This is a very customisable EA where the internal strategy is very clear and can be controlled through numerous settings. It's more like a blank canvas to develop your strategy and watch the effect than a "load and forget" type EA. I

If you have traded with FX Autotrader Elite then please share your experiences.

Title: Re: FX Autotrader Elite
Post by: nordx on April 14, 2014, 11:39:44 AM
@All information on this website or any ebook or software purchased from this website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of, or reliance on, such information. The past performance of any trading system or methodology is not necessarily indicative of future results.@

The most important condition. :)

br
   VD-FXtrader
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 14, 2014, 11:53:31 AM
Hi

I am the guy who developed this product. Initially I wanted to make a normal EA but as I started adding additional features I realised I had built something else. I now like to think of it as a way of combining the best of manual trading - working out new trading strategies based on technical indicators - with the power of an expert advisor to do the boring and time-consuming task of executing the strategies, waiting for that entry set-up to materialise etc. I just don't have the temperament for that.

The Autotrader appears to be a bit daunting at first because of all the options available so I have prepared a short video. It demonstrates how I design a strategy by examining the charts with an indicator and the transfer those settings to the Autotrader so that the strategy is executed on autopilot.

http://www.screencast.com/t/rEAJ3fcZr (http://www.screencast.com/t/rEAJ3fcZr)

In my experience no one strategy remains effective for long periods and so with this product I ususally spend a few hours on the weekend designing some new strategies which I then test with the Autotrader on demo for a few weeks. I then pick the best one to go on my live account. Or create a small portfolio of strategies to even out the bumps.

I am now profitable again and more importantly I am now enjoying my trading once again.

Happy to share my learnings with this product on the Forum. There are just so many different things to try out.

Cheers, Andrew

Disclaimer
All information on the video, this website or any ebook or software purchased from this website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of, or reliance on, such information. The past performance of any trading system or methodology is not necessarily indicative of future results.
Title: Re: FX Autotrader Elite
Post by: caddyhexe on April 14, 2014, 12:35:20 PM
Hi Andrew

can one only close a bigger postion partially or could one open say 4 trades @ 0.25 lots and close each differently.

Its just that I have some bad experiences with partial closes on MT4.

Thanks
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 14, 2014, 01:19:37 PM
Hi caddyhexe

You can do a partial close, %, and I have had no problem with that on MT4. But plenty of other sfrom time to time!

The alternative is to place the autotrader on 4 of the same charts and do as you suggest - same strategy but 4 different TP levels.

I find that the TP level, and BE are really crucial to any strategy so I usually start as you suggest just in order to find the optimum levels for these trade settings as i test a new strategy.

One other alternative of course is to use a trade copier like the free one from mt4i, run the autotrader on the chart as Sender and set 4 receivers each with their different TP level.

To each their own....
Title: Re: FX Autotrader Elite
Post by: felipebr on April 14, 2014, 05:43:37 PM
Hi, can you check your e-mail please ? I got a problem trying to backtest your sample strategy.

Thank you
Regards
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 15, 2014, 02:44:07 AM
Hi, can you check your e-mail please ? I got a problem trying to backtest your sample strategy.

Thank you
Regards

We are checking this out. But it raises an interesting topic for me. My experience with Strategy Tester is woeful even after buying some Dukascopy tick data to do the tests. For me backtesting and optimisation results have been totally useless and misleading - maybe i don't know how to do it properly, but I have given up using it.

So I now only do backtests visually on the charts with whatever technical indicators I am using for the strategy and of course the TP and BE levels etc. A little bit more cumbersome but timewise takes no longer that Strategy tester using every tick.

I don't back test very far because i don't believe that any strategy has more than a few months of working well before we need to modify it as market conditions change. So what is the point of knowing how it worked years ago. Markets behave very different now and will as time goes on. It is dynamic and any indicator-based strategy whether manually executed or automatically, needs to be updated from time to time. With the autotrader that is very easily done because that was the driver for developing it. I check my charts at least weekly for all my strategies with the appropriate indicators to see whether any need modifications. Does not take long and well worth the effort.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 15, 2014, 03:13:29 AM
BTW you can follow the progress of my own use of the autotrader the testing lab using the mt4i publisher (rather than myfx) at

http://www.camforex.com/product/fx-autotrader-elite/ (http://www.camforex.com/product/fx-autotrader-elite/)

It is a demo account, currently testing 5 strategies (a 4hr, three 1hr and one 1min strategy) since 24 March. I will be adding more strategies as time goes on and perhaps deleting some.

Go to "More Stats" and use the Filter tab to select the various strategies via Symbol and Magic number. And/or "printable statement" tab to see the full trading history.
Title: Re: FX Autotrader Elite
Post by: soulfire on April 15, 2014, 03:50:25 PM
Hi there,
I like this concept - keep it simple and let the user customise as they see fit. I see you are a fan of the pimpmyea guys as am I.

Have you experimented with trailing stops? I know they have their own issues but they do allow big trades to ride larger than they may have with a fixed TP.

cheers
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 16, 2014, 06:12:16 AM
Hi there,
I like this concept - keep it simple and let the user customise as they see fit. I see you are a fan of the pimpmyea guys as am I.

Have you experimented with trailing stops? I know they have their own issues but they do allow big trades to ride larger than they may have with a fixed TP.

cheers

Hi
I decided to keep trade management, eg TS options, separate. The Autotrader has a partial close but no TS. I was worried about the Autotrader becoming too complex. So I have a companion Trade Manager (not for sale) with many ways of doing trailing stops and even TPs and scale-in features which I use in conjunction with the Autotrader.

Comparative results are mixed but I have not fully tested that. (So much to do!)

One thing to remember as I think you are suggesting, is that with a normal TS or any hard stop, a spike can close your trade when it need not have been closed. With Autotrader, any action is only taken at the close of the candle, thus avoiding some of the annoying spike closes. On my Trade Manager I also have the option to only take action at close of candle. There are of course times when that can make matters worse, eg when the spike becomes a full blown candle in the wrong direction!

Oh the joys of trading!   :D
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 18, 2014, 02:35:18 AM
Here is a strategy worth trying.
Do it manually or place it on auto using FX Autotrader Elite.
USDCAD H1
A triple MA - fast - 10 simple; medium - 20 smoothed; slow - 40 smoothed
Enter when fast crosses slow; exit when fast crosses medium or slow i opposite direction; re-enter if fast crosses medium again in original direction
TP, BE, partial close at your own discretion

See screenshot for "backtest".
Title: Re: FX Autotrader Elite
Post by: AtlantaSean on April 18, 2014, 04:34:42 PM
Here is a strategy worth trying.

On your website you say there are 4 indicators to choose from when formulating a custom strategy. May I ask what they are besides MA?

This might be overreaching but if you offered to include certain popular public domain custom indicators, ones shared freely on mql4, interest in this product would likely skyrocket.

e.g.,
Non Repainting Super Trend - http://codebase.mql4.com/8584 (http://codebase.mql4.com/8584)
Multi Time Frame Fractals - http://codebase.mql4.com/9286 (http://codebase.mql4.com/9286)
many many many more!!!!


Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 19, 2014, 01:35:05 AM
Here is a strategy worth trying.

On your website you say there are 4 indicators to choose from when formulating a custom strategy. May I ask what they are besides MA?

This might be overreaching but if you offered to include certain popular public domain custom indicators, ones shared freely on mql4, interest in this product would likely skyrocket.

e.g.,
Non Repainting Super Trend - http://codebase.mql4.com/8584 (http://codebase.mql4.com/8584)
Multi Time Frame Fractals - http://codebase.mql4.com/9286 (http://codebase.mql4.com/9286)
many many many more!!!!

Hi

The indicators that can be used in the Autotrader are a triple moving average set up, RSI, MA of RSI, and zerolag MACD (a custom indicator available from mql4). They can either be used singly or in combination like filters.

I also tried ATR, stochastics, William%R and custom indicators like DPO and Coppock - but found they did not add anything useful in my trading.

However i will soon be adding a 2 MA cross of RSI which shows a lot of promise.

The Bonus product (Trendmaster R1) you get when buying FX Autotrader Elite is based on a custom indicator Alt Trend_Signal V2_3 together with an optional RSI filter but based on a different architecture - eg has no partial close but takes two orders instead which can be set with different TP.

Always happy to add extra indicators to throw into the mix for FX Autotrader Elite, but the big issue is which ones!

So far, apart from zerolag MACD, I haven't found any that work better than the mix I currently have - but there are many I have not tried.

I'll take a look at your suggestions but I guess what we really need is to see which custom indicators are favourites among Forum members.

Perhaps we can start a Thread on that.
Title: Re: FX Autotrader Elite
Post by: pay888 on April 19, 2014, 06:13:48 AM
I like this type of EA

Now start the test .
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 19, 2014, 06:35:08 AM
I like this type of EA

Now start the test .

Thx. I have started the Thread. If you mean the test of the of the USDCAD strategy, then it has started but just too late to get in the current Buy trade that is evident. ( I actually had started it on time but had entered a wrong setting for one of the MAs, so it took a sell instead of a buy which i then killed. It pays to be vigilant!  8)  Hopefully there will be a re-entry opportunity soon.

This strategy is one of six I now have running on my demo portfolio which you can access from the Blog tab on my site -  http://www.fxautotraderelite.com/ (http://www.fxautotraderelite.com/)  or at http://www.camforex.com/product/fx-autotrader-elite/ (http://www.camforex.com/product/fx-autotrader-elite/)

Title: Re: FX Autotrader Elite
Post by: AtlantaSean on April 20, 2014, 02:06:07 AM

I have started the Thread.

Many people think back tests are worthless. I just don't understand how you attempt to develop an automated system without referring to some sort of back test as a basis for historical draw down, profit, and other expectations. Shouldn't that be where you start?

It seems as though you have an EA for sale that has no long term back test results on any one strategy and no proven Live myfxbook account results showing any profit. I find it a hard sell for an EA lacking these qualities.

However, you have advertised that this is not a Black Box but somewhat of a tool to create your own personalized EA. I find this very interesting because at a price of $197 I could not find a good & qualified programmer to code the demands I have for my programs. Custom programming to the masses for wholesale prices sounds very appealing to me! But I wonder will you be open to coding more custom options in your EA as well?

My first thoughts being:
- Ability to use a reliable Auto GMT and use a Manual GMT when back testing

- Implementation of optional News Filter (Very important, it must be able to be back tested!!!)

- Option to scale into trades either by averaging while in negative or on a pullback while in profit

- Option to scale out of trades, also FIFO option

- No fixed targets. ATR based SL & TP targets and/or Support/Resistance based stops

- No fixed trailing. Chandelier exit based on highest high of ATR and/or Channel exit based on lowest price in last nPeriod and/or use a fixed % of ATR based TP

- Having orders open or close on open bar only, and having broker side stops that you can set. Like x2 distance, etc

- Different MM options besides Fixed Lots and % Equity. Something based on trade history


I will respond to your new thread and share what indicators I like
http://www.donnaforex.com/forum/index.php?topic=12580.msg307408;topicseen#new (http://www.donnaforex.com/forum/index.php?topic=12580.msg307408;topicseen#new)
Title: Re: FX Autotrader Elite
Post by: 999cjb on April 20, 2014, 07:34:42 AM

I have started the Thread.

Many people think back tests are worthless. I just don't understand how you attempt to develop an automated system without referring to some sort of back test as a basis for historical draw down, profit, and other expectations. Shouldn't that be where you start?

It seems as though you have an EA for sale that has no long term back test results on any one strategy and no proven Live myfxbook account results showing any profit. I find it a hard sell for an EA lacking these qualities.

However, you have advertised that this is not a Black Box but somewhat of a tool to create your own personalized EA. I find this very interesting because at a price of $197 I could not find a good & qualified programmer to code the demands I have for my programs. Custom programming to the masses for wholesale prices sounds very appealing to me! But I wonder will you be open to coding more custom options in your EA as well?

My first thoughts being:
- Ability to use a reliable Auto GMT and use a Manual GMT when back testing

- Implementation of optional News Filter (Very important, it must be able to be back tested!!!)

- Option to scale into trades either by averaging while in negative or on a pullback while in profit

- Option to scale out of trades, also FIFO option

- No fixed targets. ATR based SL & TP targets and/or Support/Resistance based stops

- No fixed trailing. Chandelier exit based on highest high of ATR and/or Channel exit based on lowest price in last nPeriod and/or use a fixed % of ATR based TP

- Having orders open or close on open bar only, and having broker side stops that you can set. Like x2 distance, etc

- Different MM options besides Fixed Lots and % Equity. Something based on trade history


I will respond to your new thread and share what indicators I like
http://www.donnaforex.com/forum/index.php?topic=12580.msg307408;topicseen#new (http://www.donnaforex.com/forum/index.php?topic=12580.msg307408;topicseen#new)

A word to the wise from someone who has been programming for more than 50 years  8)

No, you won't get a good and qualified programmer for $197 but there are plenty of bad and unqualified programmers out there who will gladly take your $197 and either run or hold out their hand for more.

The idea of this "do it yourself" EA is neither new nor bad. But there is danger.

When a number of customers buy this EA they will start to try and tailor it to their requirements because that is how it is advertised. From a trickle to a flood the change requests will come in, each one trying to pull away from the original concept. There are more styles of EA than you can shake a stick at and some ideas for EAs are going to be so far away from the original that the vendor needs to be very firm in rejecting at least 90% of these or the program will soon become unmanageable and will fail.

But if the vendor refuses what to the customer seems a very simple request "taking just 5 minutes to code" (yeah, right) the complaints will be heard.

"You advertised [Your Settings, Your Strategies] on your website. But it won't run my strategy with my settings. Fix it or I want a refund!" and similar arguments will fill the vendor's inbox.

Well, there is a 60 day guarantee from the vendor and Clickbank usually make sure this is honoured so for those wanting to experiment with their own ideas for the perfect EA this might be worth a shot.

But in my experience, the vast majority of traders want a pre-packaged solution that they can just load and run then watch the money come in. That seems like a very simple request as well, doesn't it. But it isn't  ;)
Title: Re: FX Autotrader Elite
Post by: pay888 on April 20, 2014, 08:06:19 AM
 :-*
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 20, 2014, 09:14:29 AM
Today i have installed and  started to do the history back testing on my demo account.
But the test cannot get the results. look like the ea's back test cannt been run .
i dont know what s the matter.
I have sent email to  fx autotrader elite , wait the reply.

Hi
Just back from a family easter lunch. Two emails are on their way to you.

For wider interest, here are my views on the MT4 Strategy Tester.

I never use the MT4 Strategy Tester for backtests or optimisation any more becausee i find that the results are totally misleading. There are inherent flaws in the Tester as many others will also attest.

I therefore back test and optimise only by visual inspection of the charts, scrolling back over several months, with the indicators that I am using for any particular strategy and on that basis deciding what suitable/optimal TP and BE settings should be. You can't do that with blackbox EAs because you usually have no idea what indicators they are using. But with Autotrader you do, because you have set it yourself by using indicators that you have loaded onto the charts.

I also believe it is pointless to backtest over more than a few months (unless you are trading on Daily or weekly) because markets continually change, and so the latest results are to me the more important. I especially look for times when the indicators based strategy seems to perform worst (based on my visual inspection of the chart) and try to optimise my settings for those periods.

Having said that, there is a problem with using the Autotrader on Strategy Tester and my programmer is looking into it. I will get back to you on that when he has solved the issue.

And..

The best "backtest" in my books is a forward test on demo; and the best way to optimise a strategy is to run several copies of the strategy each with slightly different settings for TP, BE, partial close etc forward on demo at the same time. After say 3 or 4 weeks, choose the best one to go forward with on live account, or if results are variable then go forward on live with say three of them each with one third of the normal lot size setting you would use if you were trading just the one setting.

These are but my views. We will each have our own. And that is why I belive in using DIY (do-it-yourself) forex skills.

The Autotrader is but a tool, with what I belive are an interesting and effective set of parameters which can be customised by the user - how you use its functionality, and how profitable you become when using it, is up to you. There are no magic puddings, no guaranteed results - after all this is about trading forex.
Title: Re: FX Autotrader Elite
Post by: 999cjb on April 20, 2014, 10:00:35 AM
For wider interest, here are my views on the MT4 Strategy Tester.

I never use the MT4 Strategy Tester for backtests or optimisation any more becausee i find that the results are totally misleading. There are inherent flaws in the Tester as many others will also attest.

I therefore back test and optimise only by visual inspection of the charts, scrolling back over several months, with the indicators that I am using for any particular strategy and on that basis deciding what suitable/optimal TP and BE settings should be. You can't do that with blackbox EAs because you usually have no idea what indicators they are using. But with Autotrader you do, because you have set it yourself by using indicators that you have loaded onto the charts.

I also believe it is pointless to backtest over more than a few months (unless you are trading on Daily or weekly) because markets continually change, and so the latest results are to me the more important. I especially look for times when the indicators based strategy seems to perform worst (based on my visual inspection of the chart) and try to optimise my settings for those periods.

Having said that, there is a problem with using the Autotrader on Strategy Tester and my programmer is looking into it. I will get back to you on that when he has solved the issue.

Although earlier MT4 backtesters were buggy and troublesome, the latest versions are much better. The real problem is the quality of the data. The old adage "garbage in, garbage out" still rules. Frankly, the backtest data supplied by brokers is generally untrustworthy. That is why we use only 99.9% tick data for our final backtests. Time consuming but worthwhile.

With your EA in particular, I would have thought that backtests were absolutely vital so your customers can quickly test modifications to the settings you provide. This is the only way in which these settings can be proved profitable in your EA before your 30 day refund guarantee expires.

So I hope you are successful in being able to provide these facilities.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 20, 2014, 10:27:16 AM
"Although earlier MT4 backtesters were buggy and troublesome, the latest versions are much better. The real problem is the quality of the data. The old adage "garbage in, garbage out" still rules. Frankly, the backtest data supplied by brokers is generally untrustworthy. That is why we use only 99.9% tick data for our final backtests. Time consuming but worthwhile.

With your EA in particular, I would have thought that backtests were absolutely vital so your customers can quickly test modifications to the settings you provide. This is the only way in which these settings can be proved profitable in your EA before your 30 day refund guarantee expires.

So I hope you are successful in being able to provide these facilities."

Thanks. Yes good tick data is absolutely essential.

I don't know how to get my message across. In the future I may not provide any settings with the product. Because what I am selling is a tool, NOT a strategy!

The strategy i include is only for illustration purposes. I don't expect that the illustrative settings i provide will necesarily be profitable as time marches on. If I did, I would have hard coded those settings into the Autotrader and sold it as a blackbox EA for $47. And yes then the backtesting would be crucial.
999cjb wrote:

But Autotrader is a tool, so that the results that one gets when using it will depend on how the user uses it and for what purpose.

You can sell someone a powerful router and in the hands of some, a beautiful piece of crafted wood will be produced. In the hands of others (like me!), it will be a total disaster.

Purchasers have 60, not 30 days to try out this tool. But it is the tool they need to try out; not one particular strategy setting that has been profitable so far over 3 weeks but will no doubt require adjustment as the months progress.

The user must stay in control and on top of what is happening in the markets. A robot cannot do that. A human must do that and he/she must tell the robot what to do and how to do it and when to stop and start. And when to "service" the robot for each particular task that it has been set.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 20, 2014, 12:13:16 PM
In my previous post (Reply #20), I wrote:

"But Autotrader is a tool, so that the results that one gets when using it will depend on how the user uses it and for what purpose.

You can sell someone a powerful router and in the hands of some, a beautiful piece of crafted wood will be produced. In the hands of others (like me!), it will be a total disaster.

Purchasers have 60, not 30 days to try out this tool. But it is the tool they need to try out; not one particular strategy setting that has been profitable so far over 3 weeks but will no doubt require adjustment as the months progress."

So what do I mean by saying that it is the tool, not the strategy, that purchasers of Autotrader need to try and test?

My suggestion if you are considering buying the Autotrader is as follows:

1. Analyse some charts (several time frames) of currency pairs that you would like to trade with any one or any combination of RSI, MAs, zerolagMACD (available from http://codebase.mql4.com/716 (http://codebase.mql4.com/716) ) and MA of RSI.

2. Place one or more of these indicators on the chart, adjust the settings of the indicator until they provide some good entry and perhaps exit points, then scroll back over time and see how they stack up going back for some time. Make adjustments if necesary until the indicator settings appear optimal over an extended period. See what TP and BE  and partial close settings would be most profitable over your test period.

This should not take you more than 15 min per chart; and would be an exercise you would do say weekly to design new strategies on an ongoing basis for forward testing; and to adjust existing live strategies as market conditions change.

3. If you cannot or do not want to do this as part of your trading regime, then don't even consider buying the Autotrader. The product is not for you.

4. If on the other hand  you are able to do this, and would be willing to do so as part of your trading regime, then buy the Autotrader and test it out for 60 days.

5. What you should then test is the functionality of the Autotrader. Not any one particular strategy.

In other words, eg

a. Test the trading rule functions - make sure that when you select "Change Entry Rule from AND to OR, True/false" that when set to  "False" , Conditions 1 AND 2 have to be met for trade to be entered; whereas when set to "True", only Condition 1 OR Condition 2 has to be met. And see what difference that can make. Same for Exit rules.

b. Test that when you set  Allow Hedging to "True", and the Autotrader is set correctly, it will indeed enable you to have both a Buy and a Sell open at the same time (provided your broker allows it).

c. Test that when you set Reverse Entry to "True", it does indeed turn a Buy into a Sell for the conditions you have set. And vice versa. Can be useful at times when used correctly.

d. Test that you can have any one of the indicators set to "True" or "False" for entries and "True or "False" for exits. And see what various of those combinations can do for designing your strategies.

e. Test to see that the Time Filter works - select days of week or times of day that the strategy should not be traded. Eg No trading on Fridays and only trade Asian session or whatever.

f. Test the Re-entry trade function - see how and when a trade can be re-entered when you are using at least two indicators and you exit on one or the other and that one or the other then reverses back. Eg with the triple MA setup, a trade is entered when fast crosses slow, is closed when fast crosses back over medium and is then re-entered when fast re-crosses medium in original direction. Same logic applies to use with RSI and zlMACD used in combination.

etc

6. It is the functions you need to test to convince yourself whether or not  this tool does what it was designed to do. And whether or not you would find that useful. The User Guide will help you with that as will my new video series.

7. What you then do with the tool, the strategies you design and implement on an ongoing basis, is up to you and your insights/imagination.

I am continually thinking of new ideas and running new experiments with Autotrader and finding successful strategies. Each of them may not last for years or even many months but I am monitoring and adjusting them and replacing some with new ones on an ongoing basis.

For my part I find it both a profitable and an enjoyable way of trading.

I do the interesting analytical work roughly once a week, generally weekends; the Autotrader does all boring mechanical work exactly as I tell it to, day in day out. Goodbye computer; hello world, I'm up and around again; I even have time to play tennis and do all those other things that make life enjoyable.

That is why I created FX Autotrader Elite.

A piece of software can never be an Expert Advisor. A human can. An "EA" can only ever be a willing assistant - its master is either some unknown person who had an idea and hard coded it; or it can be you. Because you have your own forexskills and you want to use them.

To your success.

Title: Re: FX Autotrader Elite
Post by: AtlantaSean on April 20, 2014, 05:25:21 PM
A word to the wise from someone who has been programming for more than 50 years  8)

Are you available for hire? :P
Title: Re: FX Autotrader Elite
Post by: 999cjb on April 20, 2014, 06:02:26 PM
A word to the wise from someone who has been programming for more than 50 years  8)

Are you available for hire? :P

Too busy. Sorry. :D
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 21, 2014, 02:00:13 AM
Following on from Post #10, here is a second strategy that is worth trying. Do it manaully or run it automatically on FX Autotrader Elite.

GBPUSD H1
zerolagMACD 40,60, 9, levels +0.0005 and -0.0005
RSI period 30
Enter Buy when zlmacd histogram is above 0.0005 and RSI is between 40 and 70. Exit on reverse as dynamic SL or when RSI is > 70
Enter Sell when zlmacd histogram is below -0.0005 and RSI is between 60 and 30. Exit on reverse as dynamic SL or when RSI is < 30
TP 100, 80% partial close at 60, BE at 30

On the basis of a visual backtest on the chart from 1 January 2014 to 20 April, this strategy performed as follows.

10 Buy trades (+$420) and 9 Sell trades (+$300) trading 0.1 lot on a $5K account (approx 1% risk)

% winning trades (including five BEs) was 95% (18 wins, one loss of 60 pips).

And the beauty of the visual backtest as opposed to strategy tester back test, is that I have seen how this currency pair behaves over this period. I don't want to be at the computer all day staring at charts, but it can be instructive to see how currencies move from time to time - the patterns they establish. And it is also good to know the BEs and the fact that in a couple of cases I could have let it run and made over 300 to 400 pips on some nice trends. Overall, I think a 100 pip TP level is a fair compromise on a 1 hr chart.

And it took me only 10 minutes to do this visual backtest - quicker than with strategy tester using tick data. And much more reliable.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 21, 2014, 04:08:35 AM
In Reply #15 Atlanta Sean wrote
"Many people think back tests are worthless. I just don't understand how you attempt to develop an automated system without referring to some sort of back test as a basis for historical draw down, profit, and other expectations. Shouldn't that be where you start?"

The answer is Yes and No.

Yes because in developing the strategy that I develop in the first place, before I place it on autopilot, I in fact do a backtest. I develop the strategy based on scrolling back over time with the indicators of my choice - that is the back test. If I can't find any settings that work when i scroll back over time, i would never place it on autopilot, I would never try to trade it.

The No answer is this. Having in essence done the backtest to develop the strategy, the best way to now further test it is forward testing, either on demo at normal lot size, or better still on live account using microlots. Do that for several weeks and even if it does turn into a losing strategy, you won't have lost much trading microlots and at least you know the result is meaningful under real life tading conditions, not artificial and unreliable strategy tester results.

Of course if it is profitable, then go ahead and trade that strategy on normal, responsible lot size.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 22, 2014, 06:32:37 AM
Just wanted to share a simple example of backtesting that i do before going forward with a new strategy.

I came upon this one by chance, but it looked really good, so I thought why not?

You can watch the 5min video here
http://www.screencast.com/t/jd0c5TlPz (http://www.screencast.com/t/jd0c5TlPz)

For owners of FX Autotrader Elite this new strategy forr USDCAD H4 chart has the following settings that you would need to enter on the Autotrader.

zlMACD 12, 24, 9. True for both Entry and Exit
All other indicators to False
Initial Entry Lot size of 0.1 per $5K balance for an approx 1 to 2% risk per trade
TP 100
BE 35
Partial Close 80% at 60
And of course a Magic Number of your choice
Re-entry lot size set to 0

As always, this is not advice. For educational purposes only etc etc You know the drum

So nothing fancy, nothing convoluted -  Just the good old MACD (zerolag version) and a simple visual backtest to confirm. What could be simpler? And with the Autotrader you can even run it on auto. And when conditions change in the market for this currency pair, either modify the settings or look for a new strategy that you can run with the Autotrader using the same or one or more of the other indicators upon which the Autotrader is built.

Purchase a copy at http://www.fxautotraderelite.com/ (http://www.fxautotraderelite.com/) and try it out risk free for 60 days.

You will receive a short training video or two every several days to help you on your way with using the Autotrader.
Title: Re: FX Autotrader Elite
Post by: caddyhexe on April 22, 2014, 11:01:18 AM
I like the sound of this...

there has been much posted about the lack of Backtesting, I would however like to hear from a user just telling me that it sets orders and closes them as determined by the parameters.

My only problem is the ONLY TRADE on close/open of bar (although the suggestion from Atlanta Sean and having broker side stops that you can set. Like x2 distance, etc is helpful) an ON/OFF switch would be nice perhaps.

I also like the vendors willingness to incorporate other indicators.
Title: Re: FX Autotrader Elite
Post by: caddyhexe on April 23, 2014, 12:35:28 AM
A question...

can I decide, for example on Moving Average, if the indicator value is calculated on the open price, for example, instead of the standard closing price calculation?

I mean if the strategy uses say the 10 and 20 MA, the 10 is calculated using the open price of a bar and the 20 uses the close price.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 23, 2014, 12:47:00 AM
A question...

can I decide, for example on Moving Average, if the indicator value is calculated on the open price, for example, instead of the standard closing price calculation?

I mean if the strategy uses say the 10 and 20 MA, the 10 is calculated using the open price of a bar and the 20 uses the close price.

Yes, all the attributes you see can select on the properties tab of the indicators (MA, RSI, zlMACD) can be set in the Autotrader. I often use smoothed MAs on the medium and slow MAs, and simple on the fast MA of the triple MA setup for example.
Title: Re: FX Autotrader Elite
Post by: caddyhexe on April 23, 2014, 01:02:57 AM
Almost hitting the buy button
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 23, 2014, 01:15:10 AM
Almost hitting the buy button

... in that case we should try and catch up and celebrate when we spend our biennial 3 months holiday in Europe this summer.

 :)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 23, 2014, 08:58:14 AM
In Reply #26 I wrote:

Purchase a copy at http://www.fxautotraderelite.com/ (http://www.fxautotraderelite.com/) and try it out risk free for 60 days.

You will receive a short training video or two every several days to help you on your way with using the Autotrade


Video 4 in the series explores the features of the Autotrader so I thought I would share that on this Forum.

In these 3 short videos I go through the features of the Autotrader - all the different parameters that you can select to build your strategies.

Trade features
http://www.screencast.com/t/s0GyuOh2hq (http://www.screencast.com/t/s0GyuOh2hq)

Indicator features
http://www.screencast.com/t/paKbuQ6OpYa (http://www.screencast.com/t/paKbuQ6OpYa)

Trading rules
http://www.screencast.com/t/AsQ2QmP5j (http://www.screencast.com/t/AsQ2QmP5j)

When you are on Screencast you can also look back at the other videos so far in this series.

Hopefully the workings and purpose of the Autotrader are becoming clearer.

I have also confirmed for myself that you can run backtests with Autotrader using Strategy Tester. Just need to sort out one error message (138) one of the users is experiencing, which may in fact be a platform issue.
Title: Re: FX Autotrader Elite
Post by: caddyhexe on April 23, 2014, 09:08:03 AM
Does it use MQLLock?
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 23, 2014, 09:19:59 AM
Does it use MQLLock?

No it does not. It has security but in the end we all rely on people's honesty and integrity.
Title: Re: FX Autotrader Elite
Post by: caddyhexe on April 23, 2014, 06:18:57 PM
If its not already incorporated what about a partial close and or BE based on an indicator and not just a pip level?
Title: Re: FX Autotrader Elite
Post by: AtlantaSean on April 24, 2014, 12:06:21 AM
Watched your videos, thanks for showing the EA menu. Looks pretty good, seems organized!

It appears that your Autotrader is motivated for medium term trading or trend trading. With RSI and x3 MA. Would you say that is accurate? Is that how you planned to use/advertise it? Like 999cjb advised, don't stray too far from the idea. Would be good to know your base.

If so, I have some suggestions of things to add that you might agree with...
- Create an option for a Friday close. Some people may not want to hold a trade through the gap, even though with trend trading that may not matter so much.

- Instead of fixed broker stops, use broker side hard TP & SL created by the recent range. An adjustable number in the menu based on the ATR. I know it may not seem like a big deal but in some cases I think the stops should be much wider than other times.

- With a trend type system it is important to have a good trailing stop. I recommend a Chandelier stop.

- Did you say this was open bar only? With indicator systems I like the effect of this.

$$ What is the 5th indicator you've chosen?

Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 24, 2014, 01:26:47 AM
Responding to Replies #35 and #36

Thanks for the suggestions and questions. Some good food for thought when deciding on the next upgrade later this year. Interim response:

1. Partial close is currently by pips only. The forthcoming Trade Manager, a companion product, does have a TP function which can be set by ATR as well as by just pips. It can even do partial closes on SL settings, ie when the trade starts to go against you.

2.The Autotrader certainly started out for trending markets with the triple MA ( and did really well in the last quarter of 2013 on the yen pairs which trended beautifully.) But in my view with the functionality it has, we can handle both ranging and trending. Eg the zlMACD strategy for GU this year has been exceptional and yet judging by the 4hr chart I would not call that a trending market?

Also, RSI can be used for ranging markets for some timeframes if you set it to take a Sell when RSI is high and a Buy when it is low. You can do that with Autotrader.

So I feel it is more versatile then just for medium/longterm trading. For instance I am trialling some 1min strategies with some success. I have had less success with 15 min strategies so far.

In my experience to date it is often the judgment about TP and BE levels that are crucial in being successful. Entries can be well defined by the indicators but exits less so especially in ranging markets. And so an indicator based SL and TS as you guys have been suggesting is well worth exploring further. Whether I leave that to the Trade Manager or build it into the Autotrader is a moot question. In the Trade Manager I can have many options for such functions; in the Autotrader the Menu box would start to get very large (like Steve Hopwoods MPTM!)

3. The Autotrader already has a time filter - both for selecting days and two intra-day time periods

4. Not sure what you mean by open bar only? With the Trade Manager you can select SL and TS to be activated at close of candle true/false

5. Indicator #5 will be a two MA cross of RSI (it just seems to provide really good signals)

6. You are right, this tool can never be all things to all people. However in terms of indicators this tool is modular so if a user wants one or two additional specific indicators that they swear by, then I can arrange a quote for that from my coder and the user can have his own personalised version of the Autotrader (additional modules are not expensive).

But maybe that should wait until we come to a decision on providing some more (indicator-based) flexibility on setting SL, TP and BE.

I should point out that I rarely use a fixed SL - I rely on a dynamic exit triggered by the indicators I am using.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 24, 2014, 04:50:49 AM
The exit dilemma

There are (at least) two aspects to trading - when to enter and when to exit. The exit is often the hardest to determine - at least for me.
With FX Autotrader Elite I can set many different ways to exit.
In the example shown I am using zlMACD and RSI to enter and either zlMACD or RSI to exit.
And in this case, and for the past three months as shown in a visual backtest, I would be better off setting the RSI exit condition to False. Then I would still be in the last Sell trade and I would not have taken a 43 pip loss yesterday. As to what the future will bring... will it continue in the Sell direction or will the pair now rise and end me up in a worse loss if I had stayed in the trade and rely solely on the zlMACD exit condition?

PS I have actually done a back test on this strategy with Strategy Tester (every tick) but achieved only 61% modelling quality. With that it took 6 more trades that I can see visually, yielded a profit factor of 1.4, Expected Payoff of 4.6 and a net profit of only $124 whereas visually I counted a profit of about $680. hhhmmm...obviously need better tick data. Interestingly using only control points data gave almost the same results as tick data.
Title: Re: FX Autotrader Elite
Post by: caddyhexe on April 24, 2014, 11:01:11 PM
Hi

if I set the time filters will open trades be closed or just managed as per parameters?
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 25, 2014, 12:30:45 AM
Hi

if I set the time filters will open trades be closed or just managed as per parameters?

Open trades will continue to be managed; no new trades will be entered as explained in the User Guide.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 25, 2014, 07:35:12 AM
Strategy using RSI as Oversold/Overbought indicator

While you are testing and learning how to use the Autotrader it is
best to use shorter timeframes so that you can quickly see how
things work.

In this video I demonstrate a 1min strategy using RSI as an
overbought/oversold indicator since the exit setting for such a
strategy may not be immediately obvious.

Put simply, for RSI Entry levels settings the entry occurs BETWEEN
the upper and lower levels set; for RSI Exit settings the exit
occurs either ABOVE or BELOW the levels set.

Hopefully the video will make clear as to why that is so.

http://www.screencast.com/t/OHg0sAAcM (http://www.screencast.com/t/OHg0sAAcM)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 26, 2014, 07:56:39 AM
Keeping on top of your trading

When we start testing and then running lots of strategies with the
Autotrader it can become difficult to keep track of which ones are
performing well and which ones we have modified etc.

In this two part video I demonstrate how users can do that fairly
simply as long as they apply some discipline to their trading regime.

Keeping a record
http://www.screencast.com/t/cVyZbauNbjK1 (http://www.screencast.com/t/cVyZbauNbjK1)

Tracking Performance
http://www.screencast.com/t/3bRzk2O5zO (http://www.screencast.com/t/3bRzk2O5zO)

In the process I use two instruments - an Excel Workbook (sample
attached) and the analysis provided by means of the free EA, mt4i
Publisher available from www.mt4i.com (http://www.mt4i.com) which comes complete with an
excellent User Manual.

Whether or not people use this method is immaterial but I strongly
urge users of the Autotrader to maintain some form of recording the
strategies they use and their results to help them stay on top of their
trading and become and stay profitable.

To your trading success,
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 30, 2014, 05:31:53 AM
Free Trial - no credit card required

The FX Autotrader Elite is very different from the normal EAs in that it is a simple but powerful tool to automate strategies that you can construct involving any combination of RSI, MAs and zerolag MACD and various entry and exit options; rather than a black box EA which you set and forget.

So people need to try the Autotrader and see if it suits their way of trading or the way they might want to trade in the future given the features that this product provides.

And so I am making the Autotrader available for a free 30 day trial to donnaforex members.

Just email me a private message, including your email address, and I will send you the product for testing, complete with User Guide etc and of course a link to the training videos.

The latest is now online and you can view this one, and by doing so have access to all the other ones in the series. Videos 4 Part 1, 2, and 3 take you through the Menu or Dialogue box to show you what the customisable features are.

http://www.screencast.com/t/tk1eLtVAP0rX (http://www.screencast.com/t/tk1eLtVAP0rX)

So take a look, try it out. You have nothing to lose (apart from a bit of time  :)); and a lot to gain.

To your success.

Title: Re: FX Autotrader Elite
Post by: energyclub on May 01, 2014, 04:59:44 PM
We need more vedors like you, excellent support and this just makes it more enjoyable to work with a vendor like this one. Keep up the great work.  :)
Title: Re: FX Autotrader Elite
Post by: caddyhexe on May 01, 2014, 05:23:36 PM
I have this EA and its tremendous fun.

There are what SEEM to be ONLY three strategies but it can be made far more complex than you first imagine. Adding filters from the other indicators and adjusting inputs just add to the fine tuning.

I grew up as a VISUAL trader and for me such a tool is fabulous, the bucket and spade for the sandpit.

I have had some contact with the vendor I would say that any sound suggestions from the users will,  perhaps slowly, be integrated and make the product better.
Title: Re: FX Autotrader Elite
Post by: 999cjb on May 01, 2014, 05:40:24 PM
This software allows running of multipass optimised backtests so the results of adjustments to any settings can be seen far more quickly than by sitting around and watching charts while the hours/days/weeks go by.

I remember a picture of a skeleton sitting in front of a computer, both covered in cobwebs etc. Don't become a skeleton, backtesting is much faster when you need to find potentially the best settings.

Autotrader backtesting is quite slow but with this type of EA it is bound to be. I am looking forward to running backtests on our live servers at the weekend as they are much faster.

So whether EAs or manual trading is your route to success ( or not  ::) ) the software is easy to use and the manual is very well written. I am glad I decided to try it.
Title: Re: FX Autotrader Elite
Post by: caddyhexe on May 01, 2014, 07:24:35 PM
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fnewauthors.files.wordpress.com%2F2011%2F12%2Fskeleton_desk.jpg&hash=f0a9762608f6c482423b87bf1e51bc1c)
Title: Re: FX Autotrader Elite
Post by: caddyhexe on May 02, 2014, 07:20:08 PM
This software allows running of multipass optimised backtests so the results of adjustments to any settings can be seen far more quickly than by sitting around and watching charts while the hours/days/weeks go by.

I agree with what you say, but most EAs are not transparent, so you change/optimise factor X without really knowing what it does, but here you can see what you are changing and it makes understanding the principle much better.

(I know, all the cracks out there always know what factor x is but I am simplifying)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 03, 2014, 09:15:06 AM
Good to see people starting to use and test the Autotrader. I especially like it when people say that they enjoy trading with it and are having fun.

Obviously we all want to be profitable, and we will be, but if you can do that and have fun and enjoy it at the same time, all the better. I have found trading to be soul destroying at times, and have almost quit trading several times, but with this new tool I can see the light and I enjoy what i do.

In case you missed it, Post 43 will show you how to get a free, no credit card required 30-day free trial of the Autotrader.

Having just analysed my sample, experimental, portfolio running with the use of the Autotrader, it has not been a good week for several of the 11 strategies - the 1min and 5 min ones on AUDUSD. However when analysing them with mt4i Publisher for performance during the three different trading sessions, it is clear that one is still profitable (using RSI overbought/oversold strategy) as long as we confine it to the quieter Asian session. The Autotrader has a time filter so we can do that going forward if we were running on a live account.

At this stage I am still testing these strategies so I will let them run 24/5 and just analyse by session at the end of the week again.

(The H4 EURJPY continues to work fine 24/5 as one would expect; the H1 GBPUSD had 2 losses and one win and is still the top performer overall).
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 08, 2014, 07:21:56 AM
Tough trading in tight markets.

I am running a hedging strategy with Autotrader using a combination of triple MA and RSI cross of its own MA as shown in the chart. Green vertical lines indicate entries on RSI-MA cross while red lines indicate exits when both triple MA and RSI-MA signal exit.

Works really well when we have some movement in the markets as in early March but come late April/early May the range is so tight that both RSI-MA and triple MA whipsaw too much (see shaded areas). So in this last period, two losses on Sells but the hedged Buy is still in play - just ( have captured some profit by means of partial close.)

Remember that if you would like a free 30-day trial of the Autotrader pls send me a PM including your email address.

You can view an introductory video at:
www.fxautotraderelite.com (http://www.fxautotraderelite.com)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 09, 2014, 11:15:38 AM
Human Intervention

When trading the longer timeframes, H4 and up, it is worthwhile to
monitor daily and see if any changes to the strategy settings on the Autotrader are
warranted. Especially since some trends, especially on the Yen pairs, can last for weeks.

A robot can do a lot, and they are great for leaving unattended when trading shorter timeframes, but a helping hand from a human looking at the charts from time to time and making adjustments in response to the markets, can reap benefits when trading on longer timeframes.

This video shows a couple of examples

http://www.screencast.com/t/2bkPB13ki (http://www.screencast.com/t/2bkPB13ki)

Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 13, 2014, 08:39:25 AM
Triple MA strategy for EURUSD H1 using FX Autotrader Elite

SMAs of 20, 35 and 50
BE at 30 and take 80% at 30 pips. TP at 80. For both Initial and Re-Entry.
Lot size of 0.2 lot per $10K

Has performed well over past three weeks and backtest over 2 months (own broker data) shows a 6% gain over that period. Optimisation over this period would suggest a 8% return when partial close of 80% is taken at 60 pips instead of 30 pips for Initial Trades and at 40 pips for Re-Entry trades (drawdown is just under 3% in both cases).

Would love to see optimised results from someone who has good tick data for a year.

Hint, anyone who is running a free trial?  ;D
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 15, 2014, 11:50:35 AM
I probably sound like a broken record when saying this, but FX Autotrader Elite is but a tool - a tool with which you can very simply transform a strategy based on certain technical indicators (MAs, RSI, zlMACD singly or in combination) into one that runs on autopilot.

So the automation part is easy with the Autotrader.

But developing the strategy requires persistence and skill.

Came across an interesting article by TraderRach the other day who sets out a logical framework for developing indicator-based strategies - strategies geared to their market condition.

You can read the full article at
http://www.traderrach.com/technical-indicators/how-to-design-a-trading-system-using-technical-analysis/ (http://www.traderrach.com/technical-indicators/how-to-design-a-trading-system-using-technical-analysis/)

I will be exploring it over the next few weeks to see how I can apply these principles for developing strategies that I can then automate with FX Autotrader Elite.

Remember that if you would like a free 30-day trial of the Autotrader pls send me a PM including your email address.

You can view an introductory video at:
www.fxautotraderelite.com (http://www.fxautotraderelite.com)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 27, 2014, 06:20:36 AM
Great month for FX Autotrader Elite
(available from www.fxautotraderelite.com (http://www.fxautotraderelite.com) )

It has not been the easiest of trading months but we are still making profits with the FX Autotrader Elite.

Please see attached chart and summary statistics.

In short:

With my portfolio of five strategies covering 4 different pairs, I have achieved a 7% monthly return which when annualised would mean more than doubling my money over the year.

So even trading on a small account, $5K at 1% risk per trade for just one month, I have earned just under $300 with this small portfolio.

Only the GBPUSD strategy had a small loss over this period but since 1 January this strategy is running at just under 3% per month overall.

With FX Autotrader Elite you can generate as many strategies as you want using any combination of the three most popular technical indicators. All fully explained in the User Guide and detailed in the accompanying video series that comes with the product.
Title: Re: FX Autotrader Elite
Post by: energyclub on May 27, 2014, 02:17:19 PM
I just don't get it, you have a vendor who gave a month of free trial yet not one person has any update on the system. I tried it but was not able to figure it out but i am sure some of you got the system figured out. Please update
Title: Re: FX Autotrader Elite
Post by: 999cjb on May 27, 2014, 02:32:11 PM
I just don't get it, you have a vendor who gave a month of free trial yet not one person has any update on the system. I tried it but was not able to figure it out but i am sure some of you got the system figured out. Please update

I have tried it and will probably buy it. But I have been so busy I haven't had the time.

The software does need more work and a few extra facilities. I have contributed some of my thoughts to the vendor about additions which would make it much more useful to me.

To figure out how to run the system you really need to look at and concentrate on the video presentations. Rinse and repeat any sections which are not clear the first time through.

I suspect that as most EA users just want to push a few buttons and make money this approach may be a little harder than they would like. But sometimes a little more effort is needed  ;)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 28, 2014, 01:32:09 AM
Thank you energyclub and 999cjb for your postings. Nice to see some activity and i appreciate your comments.

For me trading is something far more intensive than i thought it would be when i started 6 years ago. Now that I have battled my way through robots, trade copiers, live trading rooms etc etc and settled on technical trading using just three indicators in various combinations, and then having the tool to automate the strategies, I feel more relaxed but am still always short of time (especially with setting up a new website, and participating in blogs, forums and facebook etc!)

I have had private correspondence with several triallers and the main suggestion at this stage is for a trailing stop to be added to the Autotrader. I have proceeded slowly on this for a reason.

1. There are many ways to trail and different strategies will benefit from different methods I believe. And i don't want to clutter up the Autotrader with 6 or so TS options.

2. My preferred solution is as follows. I place the Autotrader strategies (currently 6) on a demo account. Using the free mt4i Personal Trade Copier I copy these trades to my live (or demo) account platform. I open a chart for each of the currency pairs being traded on this live account and I place my Trade Manager Plus on each chart. The Trade Manager has 5 TS options (and a few other features like partially closing a losing trade and multiple scale-in to profitable trades) and for each pair i select the appropriate TS option. I have not yet released my TM for sale but there are of course a number readily available on the web - swiss army knife, MPTM to name but just a couple. I am not fully convinced that TS will improve my results so I still need to do a lot of experimenting.

(The results I posted yesterday were obtained without the use of this method, ie without the use of trailing stops)

3. I do acknowledge that not having a TS built into the Autotrader will hamper backtesting/optimising with Strategy Tester (ie one cannot use my preferred solution as described above). And hence I will be adding one form of a TS to the Autotrader for that purpose, even though I am a Strategy Tester atheist!  ;)

All of these things take time and patience and changing market conditions often require making further adjustments - so even with the Autotrader, trading is not totally hands off. But I now enjoy my trading. I hope others will too and that we will be able and wanting to share profitable trading strategies.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 29, 2014, 12:14:11 PM
Room to breathe....

My normal practice for a trading strategy is to use two indicators for confirming an Entry and use either one of them for Exit. And normally one of the indicators responds more quickly to changes in price than the other in signalling an exit.

But how quickly is best? That is, how much room should we give a trade to breathe and stay in place?

In the example below, I started off very conservatively, exiting a Buy trade when RSI dropped below 50. That was too tight - lost 5 pips very quickly. So I lowered the threshhold to 45, and soon lost 35 pips on the next trade.

In hindsight, if I had set the RSI exit for the Buy at say 40 I would still be in the Buy trade sitting at about 45 pips profit and not having lost anything.

Obviously things could have gone the other way as well, so like most of things in life - you win some, you lose some.

I know that if I traded this strategy manually i would always be far too cautious. That is why I prefer automating my strategies with FX Autotrader Elite in order to stick with the rules and not the emotions.

(Chart - green lines indicate entries (both indicators confirm); red indicates exits (one indicator signals exit condition); the dotted yellow line shows the case where an entry has not yet been taken because the second indicator, RSI is too high - value should be between 50 and 60 for a Buy in this strategy. The green and red horizontal trade lines are from trades running on another AUDUSD strategy and so should be ignored.)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 03, 2014, 09:29:21 AM
 
Update on portfolio as per post of 27 May.

This past week resulted in a small loss of 0.2%. No big deal.

But an interesting aspect of the portfolio's performance over the now past 37 days is that the worst performance occurs for trades opened during the NY session - these trades account for a loss of over 3%.

The comparison in performance is shown below. If this trend continues for another month, I will curtail the trading to just the two sessions.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 07, 2014, 05:51:16 AM
Portfolio Update (refer Post of 27 May 2014)

This portfolio continues to perform. After 44 days we are now running at 5% per month trading all sessions or 7% trading only Asian and London sessions. This past week has seen a gain of $105 (2%) from 19 trades on a $5K account.

Two new strategies are looking good and may be added to the portfolio soon.

Trades are executed on auto with FX Autotrader Elite
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 11, 2014, 06:12:40 AM
Markets are on the move

After that difficult April/May period it is nice to see some movement again and wake up each morning to see a profitable portfolio of open trades.
May the good times roll on.
If not, we'll just adjust our trading strategies on the FX Autotrader Elite to better suit any new market dynamics.
A pleasant change from running blackbox EAs where you cannot adjust the strategy.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 13, 2014, 09:30:19 AM
Re-entry lot sizing

Today's chart of the EURUSD shows a nice trade sequence including a re-entry trade which is a feature of my FX Autotrader Elite.

With triple MA crossover strategies a trade is closed when the fast MA (red) crosses back across the medium MA (brown); but the trade is re-entered when the fast MA again crosses back across the medium MA without first crossing the slow MA (blue).

However these crosses often (but not always depending on how the MAs are set), occur towards the end of trends and the re-entry trade can hence cause a loss as happened in this case.

So it can pay to set the Re-entry trade lot size smaller the the Initial trade lot size, say by 50%. Then if the trend reverses, the loss is reduced; if the trend continues, then you are at least still in the trend and making money.

Just another trade-off to consider.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 27, 2014, 09:16:24 AM
Holding one's nerve

It's been a testing time these past two weeks with the AJ strategy after the nice trend in the weeks prior.

Almost lost the Sell trade (see arrow) at 100 pips but the zlMACD filter on the Autotrader kept the trade in place (histogram did not go above the buy level set at 0.15).

Let's see how this unfolds. Yen pairs going down on most currencies so there is hope.

FX Autotrader Elite, updated Version 3, now comes with five set files as bonus - www.fxautotraderelite.com (http://www.fxautotraderelite.com)

See full specs on website
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 06, 2014, 10:02:10 AM
I have launched my new website with lots of free content dealing with the way I like to trade.

Pls take a look.

www.diyforexskills.com (http://www.diyforexskills.com)
Title: Re: FX Autotrader Elite
Post by: dutchie on July 07, 2014, 09:52:01 PM
Nice website.
Will take a more depth look of it in the next days.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 08, 2014, 11:50:57 AM
Portfolio Update

Showing two performance graphs today. The first is the portfolio that I have been reporting on for some time although I have wound back on the lot size for EURUSD since it was not performing well. That portfolio is up at 5.1%pm.

But I have also been testing other strategies for some time and the GBPJPY has been performing really well. So when I add that to the portfolio, as shown on the second graph, we can see the value of running a larger portfolio. Up 8.8% pm with a profit factor of 2.3.

Am finding that a combination of triple MA crossover of price, plus a double MA crossover of RSI and a zlMACD settings can provide a fairly good generic setting for many currency pairs across many timeframes. Need to set up an experimental portfolio for this to forward test since, as you know, i don't trust strategey tester.

...and
 fxautotraderelite now comes with a 5 strategy bonus bundle as well as the doubleMA crossover of RSI module. Check it out at www.fxautotraderelite.com (http://www.fxautotraderelite.com)  and see the full product specs.
Title: Re: FX Autotrader Elite
Post by: dutchie on July 08, 2014, 09:35:25 PM
I might have overlooked it but I was wondering on how many live accounts I can run the FXAutotraderElite EA?
Or can I run it on as many I want?
Thanks. Nice Product!
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 09, 2014, 01:03:13 AM
I might have overlooked it but I was wondering on how many live accounts I can run the FXAutotraderElite EA?
Or can I run it on as many I want?
Thanks. Nice Product!


Short answer (kort antwoord)
Yes as many of your own accounts as you like, live and/or demo. And thx for the compliments.

Longer answer (langer antwoord)
I am a firm believer in protecting one's capital by spreading the funds across a number of brokers. In the forex industry you just never know what is going to happen and even segregated funds aren't always immune from bankruptcy or unscrupulous operators.

And of course since there are so many strategies one can devise with the Autotrader you often need more than one demo platform to put them all on trial; and then select the best for going live.

And so, you can use the Autotrader on as many of your own accounts as you want. But also always happy to sell you more than one.  :)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 13, 2014, 09:00:21 AM
Bonus Bundle Performance

When you buy the FX Autotrader Elite you receive 5 complimentary SET files. The performance of these strategies run with the Autotrader is shown below – a monthly return of 8.4% to date. Still early days (79 days so far) but certainly showing good prospects.

Check it out at www.fxautotraderelite.com (http://www.fxautotraderelite.com)

And apologies if you missed out, but the free trial offered a few months ago is no longer available.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 17, 2014, 11:28:22 AM
Keeping track and analysing your trading is crucial whether trading manually or with EAs.
There are some well-developed and free apps for this and other trading purposes. In particular I like:

1. Publisher EA which enables you to analyse your
trading results in all sorts of ways and enables you to monitor
your account from any web browser

2. Personal Trade Copiers/Receivers so you can copy
your trades to other personal accounts on your computer or over the
internet. You can buy these types of copiers for over $500 but why would you
when you can get them for free.

and more...

To check these out and for your free downloads go to

http://www.diyforexskills.com/forex-tools/ (http://www.diyforexskills.com/forex-tools/)

and scroll down to Free Trading Tools section.

May the pips be with us all.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 20, 2014, 04:39:20 AM
Adjusting parameters

The portfolio I reported on last week was at 8.4% monthly gain. After this week it stands at 6.6% monthly gain. Still very good, but what can we learn from this losing week?

The culprit was three heavily losing trades on the GBPUSD. In the chart below you will see these, marked by red arrows; winning trades are shown by green arrows.

These losses were due to major news announcements which is something we have to deal with. But how?

With my Autotrader strategy for this pair, it is easy to see that we could reduce the losses from - 230 pips for those 3 trades to -175 pips (a 25% improvement) by changing the exit criteria to when zlMACD histogram crosses below/above zero line rather than below/above +/-0.0005 line. We can't eliminate losses, but we can do our best to reduce them.

That change does not appear to affect positive trade outcomes so this is what I will do now that I have my latest version of the Autotrader which enables me to set separate conditions for zlMACD for Entry and Exit, rather than just reverse conditions. Owners of the Autotrader receive free upgrades.
Title: Re: FX Autotrader Elite
Post by: cyberryder on July 20, 2014, 09:13:35 AM
key to success in this forum is dialogue, not monologue....
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 20, 2014, 09:44:21 AM
key to success in this forum is dialogue, not monologue....

Thank you cyberrider. I couldn't agree more.

I would love to have dialogue, but it takes two to tango, so I need to keep putting myself out there to attract attention (hopefully).

And as long as people keep viewing the posts, I will keep posting. On this thread and others. And of course interaction started on the Forum can also and does continue outside.

Having looked at numerous forums and blogs, it's all too obvious that maintaining dialogue on a particular topic is no easy matter.

Cheers
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 25, 2014, 08:45:15 AM
Rebate on FX Autotrader Elite

Having struck a common cord, we have begun a collaboration with the team at http://ezefx.com/ (http://ezefx.com/) and as part of that venture EzeFX Members will now receive a rebate on the purchase of the FX Autotrader Elite when they purchase it via the Members Site. There is also an additional bonus offer for people developing profitable strategies with the Autotrader. And we have other ideas for the future.

EzeFx and diyforexskills share a similar philosophy to trading and together we can provide traders with a complementary set of tools and approaches to trading forex.

As always - no hype, no pressure and no outrageous claims of instant fortunes. Just solid facts.

So if you are a EzeFX member check out the Tested EAs page.

If you are not yet a member, check out what is on offer and the conditions at
http://ezefx.com/Buy.html (http://ezefx.com/Buy.html)

To your trading success.



Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 13, 2014, 02:13:14 PM
Independent Verification

Having now run the five strategies that comprise the Bonus Bundle for the past 142 days I am pleased to report that the FX Autotrader Elite demonstration portfolio is maintaining a greater than 5% pm return with a peak drawdown of less than 4%. Chart attached.

Pleasing too is that the portfolio is being tested by bestforexrobots and that on their broker the return as at the end of this week after 57 days is 7% pm. You can follow these results at
http://www.bestforexrobots.net/fx-autotrader-elite.html (http://www.bestforexrobots.net/fx-autotrader-elite.html)

Have also finished developing and visually becktesting three new strategies - USDCHF H4, GBPUSD M15 and USDJPY H1 - which look very promising with win rates between 70 and 80%.

Stay tuned for a special end-of summer-season special offer next week to purchase your copy of the expert advisor that enables you to make your own EAs - without having to do any coding - FX Autotrader Elite

Trade safe, trade well.

Andrew Peters

www.fxautotraderelite.com (http://www.fxautotraderelite.com)
and
www.diyforexskills.com (http://www.diyforexskills.com)


Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 14, 2014, 12:21:13 PM
End-of-Summer Special Offer - UNTIL 22ND SEPTEMBER

If you have been sitting on the fence about buying the FX Autotrader Elite, then now is the time to make your move. This special bonus is in response to the many requests to have a trailing stop feature on the Autotrader. Rather than build just one TS method into the Autotrader, you can now run the DIY Trade Manager Plus EA in conjunction with the Autotrader to provide you with 6 different TS methods as well as the option to set SL by ATR. And many more features.

So purchase the FX Autotrader Elite for the one-off price of only $197 in the next week and in addition to the regular bonuses you will also receive, absolutely free, the new DIY TRADE MANAGER PLUS which will soon be available for $95.

DIY TRADE MANAGER PLUS offers you superior risk management capability designed for traders using FX Autotrader Elite, as well as for manual trading. DIY Trade Manager Plus offers:

    enhanced trade management functionality when used in conjunction with FX Autotrader Elite
    a range of options for Take Profit and Stop Loss closes including partial closes of losing trades
    multiple trailing stop methods for greater flexibility to suit your trading style; and
    for manual trading, a progressive scale-in feature to enhance your profitability in trending markets

BENEFIT FROM REDUCED RISK AND INCREASED PROFIT POTENTIAL WITH THE COMBINATION OF THE
FX AUTOTRADER ELITE AND DIY TRADE MANAGER PLUS

 Go to http://www.fxautotraderelite.com/ (http://www.fxautotraderelite.com/)

This offer is only valid till 12.00PM (EST) 22 September 2014
Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 16, 2014, 06:38:10 PM
Another Strategy

Some six weeks ago I set up a new strategy for AUDJPY H1 using four of the five indicator modules (triple MA, zlMACD, RSI and double MA of RSI) available with FX Autotrader Elite. And then I forgot all about it.

I noticed it today and checked the results with the FX Blue Publisher EA. Wow.

A win rate of 71%, Profit Factor of 3.2 and trading with only 0.02 lots on a $5K account, still a return 0.9% pm! (And yes I know it is early days but it is a good start and adjustments can be made easily if need be.)

So this one and the three others I have been trialling successfully will be added to the portfolio that I report on regularly.

And don't forget the Special Offer as per my Post of yesterday.
Title: Re: FX Autotrader Elite
Post by: meskhov1 on September 16, 2014, 07:09:01 PM
Thanks Andrew for the information.
Looking forward to try out your EA.
Talk to you soon!
M
Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 18, 2014, 11:47:37 AM
Scottish Referendum

Feels like every broker is urging you to top up your account to avoid a margin call with this event. Is there a motive?

I prefer Matt Simpson's informative guide to this event.

http://www.thinkforex.com/newsroom/blog/september-2014/scottish-referendum-your-visual-guide (http://www.thinkforex.com/newsroom/blog/september-2014/scottish-referendum-your-visual-guide)

For myself, I will leave my demo settings for GU and GJ as normal and see what happens. On my live account, I have turned the lot size down to minimum.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 19, 2014, 05:02:02 PM
Trends a coming?

One benefit of doing visual backtests as I do instead of blackbox Strategy Tester backtests, is that you get a better feel for market dynamics.

Eg, scrolling back over 4hr and daily charts indicates that for whatever reason it seems that the Yen pairs in particular tend to develop nice trends in the last quarter of the year - at least the last two years.

Things are looking favourable for this year as well which would make it an excellent time to have a very versatile trade manager for either your EA-initiated trades or your manual ones.

Remember that Monday is the last day to receive a free copy of my new DIY Trade Manager Plus when you purchase a copy of the FX Autotrader Elite. Having both for the price of one will set you up nicely for years to come (a saving of $95).

Only three days left!

Go to
http://www.diyforexskills.com/ (http://www.diyforexskills.com/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 20, 2014, 10:06:09 PM
All in the Service

Just wanted to show one example of how FX Autotrader Elite users are kept in the loop as things develop. This message went out today alerting users to a possible modification of a strategy that performed well early in the year but looks in need of change.

*********************
Hi ,

You may want to consider this.

If you have been trading the GBPUSD H1 191 set file you may have noticed that it is not performing well.

On examining the chart it would appear that the zlMACD settings are not providing good entry points for the last month or so.

The whole point of developing the Autotrader was to enable users to adjust, and/or make new strategies whenever one strategy is failing.

So I am going to try a revised/new strategy for the GBPUSD H1. Here are the changes to the settings from 191 that I am going to make.

zlmacd entry and exit both changed to false

rsi entry conditions to stay and change rsi exit to true and change Buy level high to 80, Buy level low to 50; Sell level high to 50 and Sell level low to 20 (this means a Buy trade will be exited when rsi period 30 goes above 80 or below 50; and a Sell will be exited when this rsi goes above 50 or below 20.

MAs of RSI entry stays as is; MAs of RSI exit change to True

Everything else stays the same except that you have to decide on your lot sizes for Initial and Re-entry trades (depends on your account balance and the risk you want to take.) But remember that for a 80% partial close, minimim starting lot size will have to be 0.03 lots - 80% of 0.03 is 0.02; 80% of 0.02 would 0.016 which would be rounded to 0.02 and hence result in full closure.

So the strategy now becomes: (and let's label it with magic number 193 for Initial and 1931 for Re-entry and then save as a new SET file. I have a 192 strategy as a bonus when I release the updated version of the Autotrader next month).

A Buy trade is entered when SM MA period 5 of RSI 14 crosses SM MA period 30 of RSI 14 upwards AND RSI period 30 is between 50 and 70.
A Sell trade is entered when SM MA period 5 of RSI 14 crosses SM MA period 30 of RSI 14 downwards  AND RSI period 30 is between 50 and 30.

I suggest you place these indicators and settings on the chart so you can see how it trades.

For myself, I will continue trading 191 for a while longer but with smaller lot size and I will start this new 193, again with a small lot size to begin. I have had one successful trade so far and scrolling back over the charts it would appear that this new strategy would have fared much better over the last few months.

And yes, I could have just provided you with a new SET file; but I thought that this would be a good way to come to grips with the workings of the Autotrader.

Pls contact me if you have any problems with any of the above.

Regards, Andrew

***************************************************************End of email

PS See http://www.bestforexrobots.net/fx-autotrader-elite.html (http://www.bestforexrobots.net/fx-autotrader-elite.html) for independent test results. Click on graph and check Stats tab then symbol tab to see result for individual currency pairs

And go to http://www.fxautotraderelite.com/ (http://www.fxautotraderelite.com/) to purchase a copy of the Autotrader and receive the new DIY Trade Manager Plus absolutely free
Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 21, 2014, 02:03:31 PM
New Portfolio and Last Chance

As I mentioned earlier I have made some new strategies with FX Autotrader Elite and have some early results as per chart attached.

Also don't forget, tomorrow, Monday, is the last chance to get a free copy of my new DIY Trade Manager Plus when you buy a copy of the FX Autotrader Elite

We have had a great response so far, so don't miss out - the offer will not be extended.

Go to http://www.fxautotraderelite.com/ (http://www.fxautotraderelite.com/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 23, 2014, 07:42:34 PM
What a Difference TP and BE can make

Two months ago I began an experiment with an AUDUSD M15 strategy where I ran two instances of the same strategy changing only the TP and BE levels.

The one with a TP of 10 failed miserably; the one with a TP of 20 and a BE of 10 did well, especially when Mondays and Fridays are excluded.

The results are shown below.

So now I think I finally have a M15 strategy for AUDUSD with FX Autotrader Elite that works. It pays to experiment and I prefer going forward on demo to experiment and optimise.

The H4 strategy is continuing to perform well also and should do well if the pair keeps trending (down). But that trend won't do much good for my holidays as an Australian!   ;D
Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 26, 2014, 11:54:41 AM
Partial Close - to be or not to be

With the FX Autotrader Elite you can set partial closes to try and capture at least some profit from part of a trend before it reverses. But how big should the partial close be and/or would a BE by itself be better?

Consider two scenarios with the same strategy trading mini lots at $1 a pip.

In scenario A we take 50% at 50 pips, BE at 50 pips also and TP at 100 pips. So for a trade that goes the full distance we would make $25 plus $50 = $75. And if the trade reversed at 60 pips we would at least have earned $25.

In scenario B, we set BE at 50 but no partial close and TP at 100. So for a trade that goes the full distance we would earn $100. That is $25 better than Scenario A. But if the trade reversed at 60 pips we would have earned nothing.

So which is better? Psychologically I like Scenario A because I make some profit in either case. But I am starting to think that as long as I am not too ambitious with my TP levels relative to my SL for risk:reward considerations, Scenario B may in the long run be more profitable. Maybe.

Comments anyone?
Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 26, 2014, 08:52:32 PM
Between a rock and a hard place

(Just for a bit of fun, nothing to do with the Autotrader)

As an Australian traveling in Europe I have been interested in the EURAUD exchange rate - and actually managed to transfer some funds across at the right time a week or so ago.

And now this pair seems to be caught - between the 200 EMA and a trendline as shown in the image below.

If you are a trendline-break trader you are now waiting for the pullback to the line before the bounce back up, so you would have a Buy Limit order in place somewhere near the trendline going forward.

If you are a MA trader you would say that the 200 EMA is acting as resistance and you would have a Sell Stop order in place, just waiting for confirmation that a bounce will not materialize.

And where would you place an order, if any?

I am going for the Sell option but that may just be because I want the Euro to go down against the Aussie so that I can transfer some more funds!  Oh well, we'll see. ;D
Title: Re: FX Autotrader Elite
Post by: 999cjb on September 26, 2014, 10:40:25 PM
Between a rock and a hard place

(Just for a bit of fun, nothing to do with the Autotrader)

As an Australian traveling in Europe I have been interested in the EURAUD exchange rate - and actually managed to transfer some funds across at the right time a week or so ago.

And now this pair seems to be caught - between the 200 EMA and a trendline as shown in the image below.

If you are a trendline-break trader you are now waiting for the pullback to the line before the bounce back up, so you would have a Buy Limit order in place somewhere near the trendline going forward.

If you are a MA trader you would say that the 200 EMA is acting as resistance and you would have a Sell Stop order in place, just waiting for confirmation that a bounce will not materialize.

And where would you place an order, if any?

I am going for the Sell option but that may just be because I want the Euro to go down against the Aussie so that I can transfer some more funds!  Oh well, we'll see. ;D

Both EUR and AUD are racing each other to the bottom at the moment. Who will win (lose?) Don't ask me. I'm no good at this sort of thing  :(

Fortunately our EAs know what they are doing.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 28, 2014, 09:37:08 PM
Portfolio Update

September has been a better month following a somewhat dismal August. Results for my Portfolio are shown in the attached file. Note the very low drawdown.

Independent test results for the same portfolio, but started later, are available from
http://www.bestforexrobots.net/fx-autotrader-elite.html (http://www.bestforexrobots.net/fx-autotrader-elite.html)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 05, 2014, 05:35:04 PM
Portfolio Update with FX Autotrader Elite Strategies

After 163 days, monthly return is at 3.3% after a bad week.

That is what an unexpected NFP result can do to your trading.

So perhaps time to look at a not too tight SL setting instead of relying totally on Exit condition?

Have also decided to remove the GBPUSD strategy from the Portfolio and replace with a M15 AUDUSD reverse strategy which has a 12 pip SL and can hence be traded with larger lot size.

You will be able to follow the new portfolio on
http://www.bestforexrobots.net/fx-autotrader-elite.html (http://www.bestforexrobots.net/fx-autotrader-elite.html)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 07, 2014, 04:44:11 PM
A Good Lesson

Every now and then I get a bit kamikaze. I trade a strategy live after only a few weeks of demo testing.

That can bite you badly as I learned today especially when it is on a M15 timeframe allowing the strategy to take many bad trades!.

So, a few hundred dollars poorer, I have learned the lesson, again!

Lesson - test for a decent time and then begin trading live with small lot sizes, gradually building up if it continues to perform during varying market conditions.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 09, 2014, 09:55:55 PM
The Joys of Trading

So this time instead of being kamikazi, see previous post, I had traded a new strategy for 3 months on very low lot size and was happy with its performance.

So I upped the lot size from 0.02 to 0.1, and of course the first trade with the increased lot size was a bad one; just happened to coincide with the release of the FOMC Minutes this week. And the rest is history.

It's obviously not my week!  :-)

PS But at least I have had a small recovery already.

Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 10, 2014, 05:51:36 PM
Portfolio Update

The Portfolio of the Five Bonus Bundle SET files that come with the FX Autotrader Elite has now been running for almost six months and has so far returned at 4.3% per month with only a 5% drawdown and 60% winning trades.

Please see chart below.

One of the interesting things about this account is that I don't fiddle with the settings, as I tend to do with some of my other accounts - usually to my detriment.   :(
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 12, 2014, 05:49:09 PM
Portfolio Update - this time in Pips

In yesterday's Post I showed the $ results of the Portfolio being traded with the Bonus SET files that come with the FX Autotrader Elite.

Today's Post shows the same Portfolio but this time shows the results in Pips gained, rather than $ gained. Note that the starting lot size in this Portfolio is 0.1 lot on a $5K account or about $1 per pip on average.

The difference is quite startling and indicates that even though a 4.2% pm $ performance is not bad, it could have been much better if I had better settings for TP, partial close and SL. After all, 4000 pips profit at $1 a pip would equate to $4K and not the $1400 or so actually gained.

(The reason the result in Pips is so much better is because my losses were all at full lot size, while most of the wins were at partial profit level and those were only for 50% of the starting lot size.)

I am going to leave the settings as they are for the time being, pending the release of an enhanced version of the FX Autotrader Elite which will enable improved performance on a number of aspects.

Stay tuned for a special offer on the new version in a month or so.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 13, 2014, 03:44:57 PM
Multi Timeframe

In a previous Post, 26 September, I wrote about the EURAUD Daily being caught between the Daily 200EMA and a trendline; and in later facebook posts (diyforexskills) I pointed out that the pair was supported as well by the 200EMA on the H4.

The pair is currently still between the 200EMA of the Daily (resistance) and the 200EMA of the H4 (support) and I have marked the positions of these EMAs on a 1 hour chart, thus establishing a sort of horizontal channel, ideal for range trading. We can also see that the 200EMA on the H1 lies nicely in the middle of that channel.

A little crude perhaps and one could also draw a rising channel on this chart, but if you are someone who likes to take direction/guidance from the longer term trend, then you would at least know where to place your first TP and SL levels if trading from within the channel.

And in a future version of the FX Autotrader Elite, you will be able to use a triple multi-timeframe filter so that the EA can establish whether it is caught in a range or whether trends on up to 4 timeframes are all in accord with each other and hence whether trending TP levels are appropriate or not.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 16, 2014, 12:22:36 PM
Multi Timeframe - conclusion

Much too my surprise, an uptrend has now been confirmed for EURAUD on all three timeframes if we use price above 200 EMA as our guide. Please see chart below.

Question now is to what level will price rise. On the Daily we see a Support/Resistance level at around 1.50 so maybe that could be our guide for the time being.

I am back home in Oz so I don't need to buy any more euros for a while, so this upturn does not bother me and so maybe I can be more rational in my analysis from now on.   :)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 19, 2014, 09:49:45 AM
Portfolio Update

Another good week for the five SET files being run on the FX Autotrader Elite with the GBPUSD pair coming back into positive territory and GBPJPY continuing to shine.

Should get even better when we have some additional functionality with the new version of the Autotrader, coming soon.

It will reduce the number of bad trades by an addition to the entry rule involving the MAs; enable trailing, provide multiple timeframe filters among other things.

Grab your copy now and receive the upgrade for free.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 23, 2014, 11:57:36 AM
Multi Timeframe trading

The next version of the FX Autotrader Elite will have three MTF filters in order to address the common and sound advice  to only trade in the direction of the trend on a higher timeframe. There are at least three ways we can do this using MA crossovers.

Namely, the same MAs on different timeframes; different period and/or type MAs on the same timeframe; and different period and/or type MAs on different timeframes.

Today we take a look at the first method trading the EURAUD on the H1 chart. Please see chart below. The main chart is the H1 and the sub-charts, courtesy of FerruFX's MTF indicators, show the same MAs on the M15, H4 and Daily charts. I use the lower TF (M15) to get the best entry points once the higher TF crossovers have confirmed an Entry; and as a TS since the shortest TF will be the first to signal a change in direction. And if that signal turns out to be false, ie the trend continues, the Autotrader will take a re-entry trade

The point is that using the MTF filters, the Sell trade which was signaled on the H1 on 21 October was not confirmed on the Daily and H4 charts till 23 October. But at this point (shortly after I took the image below and at the close of the H1 bar) the 5 EMA on the M15 chart is pointing in the opposite direction (upwards) to a Sell trade (downwards). So we would wait for the 5 EMA on the M15 to point down and be below the 200 EMA before we enter the Sell trade (as long as the other timeframes are then still also in Sell mode).

Hope that is not too confusing. I will be doing a video for Autotrader users.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 28, 2014, 07:39:57 AM
Bonus Bundle Performance and Lessons Learned after Six Months

When you purchase the FX Autotrader Elite you are also given five SET files that you can load and trade. I have been running these SET files since 24 April 2014 and so after six months of trading I prepared a report with a detailed analysis of performance.

The Report shows that the Bonus Bundle SET file strategies provided with the purchase of the FX Autotrader Elite yielded a 29% return over six months (4.5% per month) with a drawdown of only 5.1%! The analysis further revealed a number of  lessons and ways to improve these results.

The full Report and news of the upcoming new Version of the Autotrader can be viewed at
http://www.diyforexskills.com/learned-6-months-trading/ (http://www.diyforexskills.com/learned-6-months-trading/)

Title: Re: FX Autotrader Elite
Post by: corre971 on October 28, 2014, 08:24:17 AM
Bonus Bundle Performance and Lessons Learned after Six Months

When you purchase the FX Autotrader Elite you are also given five SET files that you can load and trade. I have been running these SET files since 24 April 2014 and so after six months of trading I prepared a report with a detailed analysis of performance.

The Report shows that the Bonus Bundle SET file strategies provided with the purchase of the FX Autotrader Elite yielded a 29% return over six months (4.5% per month) with a drawdown of only 5.1%! The analysis further revealed a number of  lessons and ways to improve these results.

The full Report and news of the upcoming new Version of the Autotrader can be viewed at
http://www.diyforexskills.com/learned-6-months-trading/ (http://www.diyforexskills.com/learned-6-months-trading/)
Do you have a MyFxbook link?
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 28, 2014, 09:22:29 AM
Bonus Bundle Performance and Lessons Learned after Six Months

When you purchase the FX Autotrader Elite you are also given five SET files that you can load and trade. I have been running these SET files since 24 April 2014 and so after six months of trading I prepared a report with a detailed analysis of performance.

The Report shows that the Bonus Bundle SET file strategies provided with the purchase of the FX Autotrader Elite yielded a 29% return over six months (4.5% per month) with a drawdown of only 5.1%! The analysis further revealed a number of  lessons and ways to improve these results.

The full Report and news of the upcoming new Version of the Autotrader can be viewed at
http://www.diyforexskills.com/learned-6-months-trading/ (http://www.diyforexskills.com/learned-6-months-trading/)
Do you have a MyFxbook link?

No, I use FX Blue's Publisher EA.

For independent test results you can check http://www.bestforexrobots.net/fx-autotrader-elite.html (http://www.bestforexrobots.net/fx-autotrader-elite.html)

The only thing is that for 3 days in that test we ran an AUDUSD strategy as well which promptly lost $420. So for a comparable result you need to click on the graph on that site, and select EURJPY, GBPUSD, GBPJPY and USDCAD and then look at the results.

Which is what I have done here
http://www.fxblue.com/users/fx-autotrader-elite/stats?symbol=eurjpy,gbpusd,gbpjpy,usdcad&rx=1414487960589#overview (http://www.fxblue.com/users/fx-autotrader-elite/stats?symbol=eurjpy,gbpusd,gbpjpy,usdcad&rx=1414487960589#overview)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 13, 2014, 01:41:29 AM
Coming up for air

I've been offline for a little while completing the software and associated products for the new version of the http://www.fxautotraderelite.com/ (http://www.fxautotraderelite.com/)

I'll get back to the multi timeframe trading Post series I started on 23 October soon.

But first a heads up on the new Autotrader version.

To add to its existing versatility we have added three multi timeframe filters, a step-based trailing stop, a profit lock on break even and several other features to make the strategies even more profitable. I have also revamped the comprehensive User Guide and there are now separate sections for beginners (who just want to trade the free SET files) and experienced traders.

Check out all the product specs at http://www.fxautotraderelite.com/ (http://www.fxautotraderelite.com/)

And take advantage of the Special Offer, only good till 1 December!
Title: Re: FX Autotrader Elite
Post by: odysseus11 on November 13, 2014, 01:22:41 PM
there is also now a discount coupon in the "offers" section for DonnaForex Members http://www.donnaforex.com/forum/index.php?page=forexdiscountcodes (http://www.donnaforex.com/forum/index.php?page=forexdiscountcodes)

Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 14, 2014, 06:05:07 AM
Boost your forex trading success for 2015!

The new updated version of FX Autotrader Elite now includes multi timeframe filters, trailing stop and profit lock features, plus MUCH MORE. Traders have been able to generate 5.7% return per month with the free SET files they received upon purchase of the previous version. And they have also been able to develop and run their own strategies with this breakthrough product.

The new version includes 7 proven and profitable SET files (4 slightly revamped original ones and 3 new ones), rather than the standard 5. The picture below shows one of those SET files in action. Five trades, five wins as shown by the arrows, even in a ranging market.

Purchase the updated Version of the Autotrader, by 1 DECEMBER 2014 for the special offer!
Go to        http://www.fxautotraderelite.com/ (http://www.fxautotraderelite.com/)

Or read the previous Post and save 10%

And watch your trading soar in 2015.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 15, 2014, 10:12:51 AM
Another profitable strategy

When you purchase the new FX Autotrader Elite you get not five but SEVEN free SET files or strategies to help you on your way.

This GBPUSD strategy is one of them and has done exceptionally well this week. As it has over the past six months.

Get your copy now . Go to www.fxautotraderelite.com (http://www.fxautotraderelite.com) before 1 December 2014
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 16, 2014, 06:43:22 AM
More on Strategies with FX Autotrader Elite

Today I am showing another one of the profitable strategies or SET files that come with the purchase of the FX Autotrader Elite.

This strategy is optimised to capture many smaller profit opportunities which occur during ranging markets (80% of the time) and then also capture many small profits during trending times by using the unique re-entry feature of the Autotrader.

Just one of the many ways in which you can construct a trading strategy with the Autotrader.

Go to http://www.fxautotraderelite.com/ (http://www.fxautotraderelite.com/) to get your copy. The Special Bonus expires on 1 December.

There is also now a discount coupon in the "offers" section for DonnaForex Members http://www.donnaforex.com/forum/index.php?page=forexdiscountcodes (http://www.donnaforex.com/forum/index.php?page=forexdiscountcodes)
Title: Re: FX Autotrader Elite
Post by: meskhov1 on November 17, 2014, 12:47:09 AM
Andrew:
How hard is it to setup new strategies as it looks very involved and as I'm new to trading I'm a little hesitant.
Can you give me some basic guidelines when trying to setup a strategy on a new pair?
Thanks
ps I'm very interested to say the least!
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 17, 2014, 04:07:27 AM
Andrew:
How hard is it to setup new strategies as it looks very involved and as I'm new to trading I'm a little hesitant.
Can you give me some basic guidelines when trying to setup a strategy on a new pair?
Thanks
ps I'm very interested to say the least!

Not hard at all. Just start with simple strategies using just one or perhaps two indicators to trigger trades. The User Guide spells it all out in detail as a 10-step process.

But first take a look at a short video on  "A triple Moving Average Strategy with zerolag MACD Filter" strategy to see how it is done.
http://www.diyforexskills.com/complete-guide-to-fx-autotrader-elite/ (http://www.diyforexskills.com/complete-guide-to-fx-autotrader-elite/)

It's Video #7 in that series. The videos were prepared for the previous version of the Autotrader but they still serve well as an educational tool.

There is also another useful article and video at
http://www.diyforexskills.com/automate-your-trading/ (http://www.diyforexskills.com/automate-your-trading/)

Hope that helps. Like most things in life, something new always look complicated at first but after a while it becomes second nature. Like riding a bicycle. And that's why I provide the free SET files and descriptions to get people started. Demo trade them and study them and you will soon get the hang of things.

Let me know how you go.


Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 17, 2014, 09:40:41 AM
Promising

It's still early days with the 7 SET file strategies running on the new FX Autotrader Elite, but the results are promising and reflect the track record of the SET files running on the previous version of the Autotrader.

Independent test results for the new version are shown in the attached image. No EURJPY trade as yet.

For information on the Autotrader and related forex matters, please visit http://www.diyforexskills.com/seven-eas-price-1/ (http://www.diyforexskills.com/seven-eas-price-1/)

For information on how to trade with the Autotrader, please see previous Post.
Title: Re: FX Autotrader Elite
Post by: meskhov1 on November 17, 2014, 05:09:01 PM
Thanks for the reply and explanations.
I will look at the users guide and watch the videos.
I like that you added some new features which look like they can help out a lot.
Will be in touch.
Regards
M
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 18, 2014, 09:32:54 AM
Free Strategy

As a further guide to developing forex trading strategies I have prepared one for the AUDJPY.

It can be traded manually or automated with the FX Autotrader Elite. And soon, when I release the DIY Trade Manager Plus, you will be able to automate the management of that trade and other manual trades, in terms of volatilty-based TP, SL and TS settings or other methods and even program in scale-ins.

You can get the Free Strategy at my Facebook page by completing the Email SignUp at
http://www.facebook.com/diyforexskills (http://www.facebook.com/diyforexskills)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 25, 2014, 06:48:38 AM
Hedging with FX Autotrader Elite

One of the features of the Autotrader is that you can devise hedged strategies - that is having both a Sell and a Buy open at the same time. The two red arrows on chart below.

The best performing strategy to date with the Autotrader is for GBPJPY H4 (over 2% return per month) and we currently have both a Sell and a Buy in play since this market is ranging. As shown in the chart (not the prettiest of charts but jut trying out the SnagIt tool from TechSmith).

Depending on how big the range develops we should stay in both trades until the pair decides to breakout in one direction or another. Then we will win with one and lose some with the other.

The new version of FX Autotrader Elite is now on sale with a special bonus - but only until Monday next week. And a 10% discount from this Forum (see Offers)
http://www.fxautotraderelite.com/ (http://www.fxautotraderelite.com/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 26, 2014, 04:10:46 AM
Scalping with RSI

One of the many features of the FX Autotrader Elite is that you can run trending, ranging or even scalping strategies. Here is a scalping one using two RSIs with different periods and different levels. One to enter a trade; one to exit the trade.

Pls see the chart for GBPUSD M15 below where I have shown the entries (green lines) and exits (red lines) with this automated strategy. Three Buys one of which broke even and the other two in profit; two Sells both in profit. Profits were about 15 to 20 pips.Not bad for scalping. I just did this one for fun so set up the chart yourself and see how it would work when you are viewing it. And/or scroll back over the charts to do a visual backtest.

A Buy entry occurs when RSI 21 is between 50 and 60 and pointing up; the Buy is closed when RSI 14 falls below 50 or goes above 70. A Sell entry occurs when RSI 21 is between 50 and 40 and pointing down. The Sell is closed when RSI 14 goes above 50 or falls below 30.

To buy the Autotrader with the special promotion till 1 December please go to http://www.fxautotraderelite.com/ (http://www.fxautotraderelite.com/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 27, 2014, 10:00:50 AM
Update on scalping with RSI

Having described a strategy that you could set with FX Autotrader Elite yesterday, just to illustrate the sort of things you can try out with the Autotrader, I thought I should actually try it out.

So last night I entered the settings I set out in my Post yesterday onto the Autotrader and have been running it since then. I also added a BE and a TS.

Result? Four wins and seven losses for a net loss of about 25 pips. Most of those trades are visible on the chart below. As you can see we went through a very quiet period overnight (Australian time) which is where the losses occurred.

Verdict? Worth playing around with the settings a bit more. After all it's a bit of fun and since I can automate these sort of tests with FX Autotrader Elite, it requires very little effort.

Nothing ventured, nothing gained.   :)

And remember the special offer for the new version of the Autotrader expires next Monday. Seven free strategies.

http://www.fxautotraderelite.com/ (http://www.fxautotraderelite.com/)



Title: Re: FX Autotrader Elite
Post by: LFN on November 27, 2014, 04:39:38 PM
Update on scalping with RSI

Having described a strategy that you could set with FX Autotrader Elite yesterday, just to illustrate the sort of things you can try out with the Autotrader, I thought I should actually try it out.

So last night I entered the settings I set out in my Post yesterday onto the Autotrader and have been running it since then. I also added a BE and a TS.

Result? Four wins and seven losses for a net loss of about 25 pips. Most of those trades are visible on the chart below. As you can see we went through a very quiet period overnight (Australian time) which is where the losses occurred.

Verdict? Worth playing around with the settings a bit more. After all it's a bit of fun and since I can automate these sort of tests with FX Autotrader Elite, it requires very little effort.

Nothing ventured, nothing gained.   :)

And remember the special offer for the new version of the Autotrader expires next Monday. Seven free strategies.

http://www.fxautotraderelite.com/ (http://www.fxautotraderelite.com/)

Hi, how fast is the backtests on your EA?
Since it is made for developing own strategies and settings it would be necessary that the backtests is really fast when optimising settings.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 27, 2014, 11:07:23 PM
Backtesting

The short answer to the question in the previous Post is about 4 hrs for a one year strategy tester backtest of a H1 strategy.

Why that long? Because the FX Autotrader Elite is a very versatile "EA" with five indicator modules and a host of other features. One of the modules is a custom indicator and two involve MAs of RSI, both of which require a lot of processing and hence slow down the strategy tester.

But I disagree with the assertion that fast strategy tester backtests are necessary for using the Autotrader. As per earlier Posts I never rely on strategy tester because to me it is just another blackbox and I loathe black boxes, which is why I developed the Autotrader in the first place.

I am a visual person and I backtest visually by scrolling back over the charts with my strategy settings. I describe this approach in the User Guide and I emphasize the importance of doing this visual backtesting over several periods of trade history and to make sure we do it for both ranging and trending periods.

With visual backtesting we get a good feel for how the market has behaved for the pair we are testing and how the strategy performs under various market conditions. And that informs the settings I will use going forward.

I also don't believe in going back much more than one year because frankly I am more interested in monitoring the market going forward and making adjustments to suit developing market conditions. I think a "set and monitor and adjust" approach is what trading should be about even when we use automated strategies.

In the days when I did use Strategy Tester, I never achieved anywhere near the results that my Strategy Tester optimization runs suggested I could achieve.

However, each to their own.

If you do use Strategy Tester then I highly recommend using the StrategyQuant EA analyser to analyse the results from Strategy Tester and do "what if" scenarios on the data. You can also use the Analyser on your trade history files. But I prefer to use FX Blue Publisher EA analyzer for that purpose.

Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 28, 2014, 04:49:00 AM
More features of FX Autotrader Elite

Continuing with the RSI scalping strategy as per previous Posts, I noticed that after the last successful Sell trade, that RSI remained low and hence no re-entries for Sell trades were being taken. (Also a good example of when RSI at 30 or so is not an oversold signal.)

So with FX Autotrader Elite I have added a SMA (period 3) of RSI period 21 as an additional indicator to trigger trades. Buy when RSI is above its MA and Sell if it is below its MA. Both RSI MA and RSI level conditions must be met for Entries.

But since RSI MA switches quite frequently from a Buy to a Sell condition, then having this extra indicator means that we can more easily get re-entries during a sustained trend. Because it only requires one of the indicators being used to reverse from Buy to Sell or vice versa to trigger a re-entry.

All this is shown on the chart below. You will see the MA of RSI added (red line) and the orange box outline showing the period where we had RSI 21 staying below 50 and hence no further Sell trades being triggered. The white vertical line shows when I added the MA of RSI and the red arrow shows the re-entry trade triggered shortly after.

You can purchase the FX Autotrader Elite with a special bonus until 1 December. Only 3 days left!

Go to http://www.fxautotraderelite.com/ (http://www.fxautotraderelite.com/) or go to Offers in the top menu bar for a 10% discount on top of the Special Offer
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 29, 2014, 07:55:20 AM
Continuing the strategy development

Having made the adjustment described in yesterday's Post, we are now just 5 pips in the red after 17 trades.

So what can we do to improve?

I have decided to make two further changes. One was to change the RSI exit condition a little to allow the trade a bit more room to breathe (ie settings of 55 and 45 instead of 50). The other was to add a moving average filter so that the EA only takes trades in the direction of a longer term trend as defined by the cross of a 10 and 30 smoothed MAs.

In retrospect, a luxury we don't have in real life!, having this filter would have turned our 5 pip net loss to a 40 or so pip net gain over these last couple of days.

We'll see how things go but this small example nicely demonstrates how you can develop automated strategies with FX Autotrader Elite.

Go to http://www.fxautotraderelite.com/ (http://www.fxautotraderelite.com/)

Buy before Monday and you get two free additional strategies. And if you contact me after purchase, you can have this strategy as well; and any further improvements I make for it.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on December 03, 2014, 07:01:02 AM
Another option

With the strategy I described in in previous posts, I am almost breaking even, so not good enough.

I was also concerned about getting out of trends rather early so I have made an adjustment. I have added a second slow MA to RSI 21 and my entry condition is now a combination of the MA crossover of price and the MA crossover of RSI 21 being in agreement.

Exit is a combination of MA crossover of RSI 21 and RSI 14 going below/above 50 or higher/lower than 70/30 for Buy and Sell respectively.

In addition I am now using my DIY Trade Manager Plus to set dynamic TP, SL and TS conditions using multiples of ATR 14.

We'll see how things go. Screenshot shows the indicator settings.

All done with FX Auotrader Elite and the companion product DIY TradeManager Plus.

And I have noticed that my techie has still not removed the Starburst Special Offer from the FX AE page, so that offer is still available. Am also waiting for the DIY TradeManager Plus website to be finished so that I can offer that for sale. For Early Bird offline purchase special on the Trade Manager, pls contact me.

AND, as soon as the payment link is fixed, FX for Me will be launched.  What I describe as an informative and relaxed way of learning to trade. More on that later.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on December 04, 2014, 10:41:38 AM
A new approach to learning to trade

Today I launched my new program - FX for Me.

It shows people how to trade forex using technical indicators. That is not new but what is new and different is that the learner does not have to sit at the computer for hours on end waiting for the entry setups.

Instead, the students are supplied with a new EA (and strategy template) with each month's lesson. The EA will trade that month's strategy for them for the next two years. This way they can study the trading results and study and analyse the strategy rather than wasting time trying to find the entry points for the trades. And build a profitable portfolio of EAs in the process.

Course material is via monthly documentation (3 to 4 pages) and two videos a month. One to explain the strategy being employed in the EA. The other to review performance on a monthly basis of all the EAs up to that date.

And yes the EAs are hard-coded/locked versions of FX Autotrader Elite with a 2-year license.

For full details please check out the link at www.fxforme.com (http://www.fxforme.com)

PS The first EA that comes with the program, FX Alpha, has already clocked up six trades, six wins, since Tuesday, the start of the program.

(and with 23 letters in the Greek alphabet, that means there are 23 more to come over the next 23 months!)  :)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on December 05, 2014, 07:06:38 AM
Comparing trade management options

In my Post of 3 December I described an alternative method of setting TP, SL and TS. What we call a dynamic or volatility-based method. I did this using my DIY TradeManager Plus EA and using the ATR as volatility measure.

I now have a good example which compares the two as shown below.

The fixed TP, TS method has resulted in two wins of 20 pips each. The second, dynamic method, has only made one trade which is still in play. It is currently hovering around 40 pips but of course could go either way. With a 3x ATR TS at current volatility level the TS is sitting at about 20 pips so it has room to breathe and since the TP is set at 5x ATR it would be a while before this trade is closed assuming the trend continues.

Trades are on GBPUSD M15.

PS
DIY Trade Manager Plus will go on sale later this month for $79. If you would like an early bird special offer for only $49, please contact me for details and an offline purchase. This offer is only good for the next three days.

PPS The FX for Me program has started. We have our first sign up! See yesterday's post for details. Why not try it out? No lock in contracts. Cancel any time.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on December 06, 2014, 07:39:30 AM
To be or not to be (greedy)

One of the challenges we face as traders is to decide how much of a trend we should try to capture. The dilemma is that when we set our strategies to capture most of the trend, when they occur, then we are often penalised when the market is choppy.

My example of yesterday provides a great example.

The Sell trade that was still in progress yesterday, bottom picture in yesterday's post, and which I hoped would continue on its downward trend, was finally closed at just about breakeven. So 0 pips.

And so the conservative fixed TP and pip-based SL strategy, ended up a clear winner - two trades at 20 pip profit each.

Admittedly this was for a strategy on the 15 minute chart, and 20 pips on such a timeframe is considered a good result. So maybe I need to replicate the experiment but on a 4hr strategy.

But my take home from this is that it pays not to be greedy.

Many small wins a larger return can make.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on December 08, 2014, 06:12:51 AM
RAMP - An acronym for my philosophy on trading.

Review     Analyse       Modify       Profit

And I have some good evidence for that.

People who purchased FX Autotrader Elite from April to October were provided with five bonus SET files. Those strategies were profitable at an average of around 5% pm from April through to late October.

But I have always maintained that strategies, be they manual or auto, require regular review.

So after 6 months, in mid-October, I Reviewed and Analysed those strategies (you can view the report at http://www.diyforexskills.com/learned-6-months-trading/ (http://www.diyforexskills.com/learned-6-months-trading/) ); based on that analysis I added some extra features to the Autotrader and in early November I provided all clients with the new version as well as seven new SET files (four modified and 3 new ones) to replace the old ones.

So did we Profit from taking that action?

The new SET files have performed well and are currently running at 6% pm. (See photo below and independent testing website at http://www.fxblue.com/users/fxautotraderelite (http://www.fxblue.com/users/fxautotraderelite) ). The old SET files which were left to continue trading as an experiment, have given back all they had gained and then lost another 10% !!

Markets change and we must change with them or be doomed to fail. With FX Autotrader Elite you can make the changes easily. And we should.

And so my advice is to RAMP.

R for Review     
A for Analyse
M for Modify
P for Profit
Title: Re: FX Autotrader Elite
Post by: petermatt on December 08, 2014, 10:43:13 PM
I'm not sure how you are getting the results you are getting using the default SET files. I started on the 21st September and have updated each time you have sent new files etc and I am still at - 3.14% with a worst case of -6.83% on 27th November on AxiTrader Demo?
Title: Re: FX Autotrader Elite
Post by: diyforexskills on December 09, 2014, 02:58:19 AM
I'm not sure how you are getting the results you are getting using the default SET files. I started on the 21st September and have updated each time you have sent new files etc and I am still at - 3.14% with a worst case of -6.83% on 27th November on AxiTrader Demo?

Thanks for the feedback. Because it raises the thorny issue of broker reliability/comparison.

The results I quoted are from an independent testing site, bestfxeas.com. They are running the seven SET files on default setting using MyFXChoice as broker. Starting on 10 November, they are at 6.7% pm at the moment as per the link I gave yesterday.

A second testing site, bestforexrobots.net, running these same SET file on default settings but using IC Markets as broker, and having started also on 10 November, are running at -1.6% pm at the moment. Only difference is in using GJ 182 instead of the new GJ 183 but that has made no difference at this stage.

My own Axi demo for trading this portfolio since 10 November is at -0.7% pm for this period.

So exactly the same SET files/EAs, but different results depending on broker being used and presumably on internet connection, VPS reliability etc.

I sometimes see setups that should have triggered a trade but no trade was triggered. And Murphy's Law being what it is, it is always the good trades that I miss out on on my live account!  Grrrr................

I guess that is one of the reasons why many of us spread our funds across several brokers. Another reason being diversification of funding security.

I would be interested in hearing from others on their experience with different brokers.

I also have a PM from another colleague who notes that the original 5 SET file portfolio, being traded by him on Axi has also nosedived since late October as has the one on IC Markets that I commented on yesterday, and which can also be viewed at bestforexrobots.net  . I asked them to keep it running to see whether it recovers.

You can see the two results, old and new portfolio here
http://www.bestforexrobots.net/fx-autotrader-elite.html (http://www.bestforexrobots.net/fx-autotrader-elite.html)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on December 09, 2014, 08:08:55 AM
Off to a solid start

On 4 December I announced the launch of a new forex training program called FX for Me.

A training program with a difference because the strategies you learn will be traded for you by your own personal EA., with a 1 year licence.

We have started the program with the FX Alpha strategy (AUDUSD M15) and in just one week it has scored 7 wins out of 7 trades.

A healthy start. If FX Autotrader Elite is a bit too much for you at this stage, either because you are a newbie or just time-poor, then why not join FX for Me today and learn how to trade with technical indicators?

Go to http://fxforme.com/ (http://fxforme.com/)
Title: Re: FX Autotrader Elite
Post by: Genrich on December 12, 2014, 06:59:48 AM
Sorry if missed, is there any monitoring on myfxbook.com?
Title: Re: FX Autotrader Elite
Post by: diyforexskills on December 12, 2014, 08:14:42 AM
Sorry if missed, is there any monitoring on myfxbook.com?

Not on myfxbook.com but I might in future provide link to FX Blue Publisher for non-members. A few more trades since last posting with two losses and some wins and now at $73 profit or 1.4% pm after two weeks of trading.

And please remember this is a training program where we use EAs for the purpose of doing the mechanical part of trading so that we don't have to be at our computer all day and so that we can maximise the learning - from losses as well as wins.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on December 12, 2014, 09:10:39 AM
Something different

I have been playing around with multi MA crossover strategies. In this case three sets of MAs each with different periods and types combinations. Plus a double MA crossover of RSI. Purpose of the spaghetti MAs setup is to avoid getting caught in, and losing out as we get whipsawed while the market is tightly ranging.

So when the "spaghetti" is tangled, the Autotrader does not take trades. But when the "spaghetti" lines up, and double MA crossover of RSI agrees, we enter the trade. And to see what happens we have no TP but a TS starting at 20 pips and trailing by 20 pips.

So far on the EURAUD H1 we have had 9 trades, 7 wins. As usual some trade opportunities are missed, probably because I have too many strategies running on the two platforms on my under-resourced VPS. Will need to upgrade.

Seven of the trades are shown on the chart.

Just one of the many, many  things you can test out with FX Autotrader Elite. Ad of course trade management settings (eg BE, TP, SL, TS) are a crucial aspect of ultimate success.

And I notice that Donna is still offering a 10% discount on the purchase of FX Autotrader Elite!
Title: Re: FX Autotrader Elite
Post by: diyforexskills on December 18, 2014, 09:59:42 AM
Love FX Blue (Publisher EA)

I have been testing 10 new M15 strategies this week with FX Autotrader Elite using a 4% risk setting. When I looked at the results today I was totally disheartened. A 20% drawdown! And an amazing number of trades.

But then I decided I should analyze the results in more details using the facilities that FX Blue Publisher EA provides. And wow!

If I had restricted trading to an extended European session (07:00 to 17:00 on my broker clock, GMT+2), and had made the EA not take re-entry trades for the Yen pairs (which makes sense seeing how these pairs trade), then my 20% drawdown becomes a +16% return!

See the two contrasting results in the attached image.

Only 4 days of history so needs a lot more testing and refinement but at least this analysis has given me something to work with instead of discarding it out of hand. We live to trade another day!

There is more to making good strategies than the perfect mix of technical indicators. Trade management including time of day and day of week can play a crucial role.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on January 02, 2015, 07:12:24 AM
Trading in December

With most EAs we are advised to take a break from trading from about mid-December to early January because volume is so low.

But I wanted to see how my new system would fare over this period.

And so I am pleasantly surprised that, starting on 15 December, we have finished the month in positive territory despite the unfavorable conditions. As long as we only traded for 13 hours starting 4 hours after the NY close. As per attached file.

And so with a bit more tweaking and testing we should be ready to roll out a new offer for a managed account service. Stay tuned.

In the meantime, FX Autotrader Elite remains available with a 10% discount via the Offers page of this Forum, complete with the seven bonus Set files.

Happy New Year to all.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on January 06, 2015, 08:46:14 AM
Ready for a Trade?

Before Christmas I made some money selling the AUDUSD.

Yes I do trade manually from ttime to time in between my autotrading!   :)

I closed the Sell trades at 0.81 (a round number) and because I took a look at the Monthly chart, as shown below.

There is clearly a strong Support level around 0.81. So now I wait till that Support is broken, which it currently is, and my new Sell trade is just below the 0.80 round number. And the fundamentals all point to a lower rate for the Aussie thus strengthening the case for a Sell, rather than expecting a bounce for a Buy. (Of course, I may be proven wrong!)

A good example of looking at the the longer timeframes to help determine trade entries and exits.

And of course with the multi timeframe filters available with FX Autotrader Elite you can build higher timeframe conditions into your strategies.

http://www.fxautotraderelite.com/ (http://www.fxautotraderelite.com/)







Title: Re: FX Autotrader Elite
Post by: diyforexskills on January 06, 2015, 08:51:50 AM
Waking Up

The FX Autotrader Elite strategies have awoken with a bang in the new year. May the pips continue to roll in.

Data taken from the independent testing site for V11 of the Autotrader with the seven new SET files. Please attachment.
http://www.fxblue.com/users/fxautotraderelite (http://www.fxblue.com/users/fxautotraderelite)

And the old five SET files issued in July have also recovered from their slump and the account is back in profit.
http://www.fxblue.com/users/fx-autotrader-elite/stats (http://www.fxblue.com/users/fx-autotrader-elite/stats)

Purchase your copy from
http://www.fxautotraderelite.com/ (http://www.fxautotraderelite.com/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on January 12, 2015, 04:47:41 AM
Off to a great start

The Free Forex Strategy has completed it's first trade in 2015 with a profit - taking the 80% partial close at 60 pips and letting the remainder close at Break-even.

A small celebration is warranted. Go find that left over Christmas cheer! We are now in the second trade.

So well worth checking out this free strategy. All very doable manually since it is on the 4 hr chart; and of course FX Autotrader Elite members can automate it with ease.

Please go to http://www.diyforexskills.com/free-forex-strategy/ (http://www.diyforexskills.com/free-forex-strategy/) to obtain your copy of the free strategy.

And check out http://www.fxautotraderelite.com/ (http://www.fxautotraderelite.com/) to learn how you might automate such a strategy.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on January 13, 2015, 06:35:04 AM
Update on "Something Different"

In my Post of 12 December I described a new "spaghetti" strategy that I had started on the EURAUD H1.

Naturally I automated it with the http://www.fxautotraderelite.com/ (http://www.fxautotraderelite.com/) EA. And provided my clients with the SET file for the strategy as a Christmas bonus.

One month later, including the troublesome Christmas/New Year trading period, the results are impressive as shown below.

Worth topping up with bolognese! Enjoy.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on January 24, 2015, 07:57:23 AM
Breakthrough

Although my bread and butter is automated trading with FX Autotrader Elite, I do like to look for longer term opportunities where I can make some money on a manual trade. And it is fun to test one's skills on other methods of trading, like using Support and Resistance lines.

In early January I noticed a pending sell opportunity for the AUDUSD, based on a break of a strong Support/Resistance level as was evident on the Monthly chart.

After testing this level 4 times on the H4 chart, the pair finally broke through on Friday and triggered my pending Sell order which I had placed just below 0.8, a round number which is often "respected".

We will probably get a retest of the broken Support level, but so far the trade is in positive territory.

So far a nice example of using a S/R level from a higher timeframe to decide on when to take a trade.

I also encourage Autotraders to do a weekly analysis of higher timeframe patterns. If for instance we see a strong Support or Resistance level, or a Fibonacci retracement level on a higher timeframe and close to where our EA is currently trading on the shorter timeframe, we might well decide to pause our EA to see what happens, or decide to let it go only Long or only Short depending on our view of whether this a is a Support or Resistance level.

After all as humans we should not be totally superfluous in our trading.  :)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on February 24, 2015, 05:29:32 AM
Bonus Strategy and EA

In my previous Post on 24 January, I commented on the break of a strong resistance level on the AUDUSD monthly.

I have posted several times further on that trade on my facebook account.
https://www.facebook.com/diyforexskills?fref=ts (https://www.facebook.com/diyforexskills?fref=ts)

And today it does look as if the trendline break of last week on the AUDUSD H4 has been confirmed and we are now heading lower. It might soon hit my pending Sell order; and hopefully overtake the existing Sell order as well.

I also mentioned last week, on 19 February, that I would tell you how you can get a free trendline break EA. One that you could have used to take this trade.

Here is how.

Go to this page http://www.diyforexskills.com/free-forex-strategy/ (http://www.diyforexskills.com/free-forex-strategy/)

Sign up, receive the Free Strategy and then the free EA and strategy update the following day.

It's a really cool tool and great for semi-automated trading on any timeframe. Has its own trailing stop.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on March 03, 2015, 07:34:06 AM
http://www.diyforexskills.com/forex-tools/ (http://www.diyforexskills.com/forex-tools/)

Try while we wait

Well the cash rate in Oz was not reduced today and so my AUDUSD trade (see Post of 24 Feb) is going against me. But still looks like a consolidation pattern, and on the way down longer term.

While we wait, here is something you might like to try. Instead of using MA crossovers on price, try using MA crossovers of RSI to trigger entries. Choose some sensible TP, BE, SL levels etc rather than wait for reversal of MA crosses since that usually leads to ruin with any MA crossover technique.

The image attached shows some setups that one can get.

You could, and I have, automated this strategy with FX Autotrader Elite.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on March 04, 2015, 07:15:47 AM
http://www.diyforexskills.com/forex-trading-ideas/ (http://www.diyforexskills.com/forex-trading-ideas/)

Maintaining Perspective

In yesterday's Post I showed a new strategy which had 4 winning trades. If only life was like that all the time.

Just one day later we can see that the 4 winning trades were quickly followed by 3 losing ones. As shown on the image below where winning trades/entries are shown with yellow vertical line and losing ones in red. And who knows what will happen to the last one, marked in green.

The challenge now is to see if we can use some other indicator settings to keep us out of such whipsaws as occurred last night.

With FX Autotrader Elite we have many options to do so including MA crossovers on up to three different timeframes as filters.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on March 05, 2015, 06:25:57 AM
http://www.diyforexskills.com/ (http://www.diyforexskills.com/)

Trade settings

With reference to yesterday's Post, I don't yet have a filter to avoid the whipsaws on yesterday's chart of the GBPUSD H1.

But an equally important aspect of trading is to set TP and SL levels so that we at least have a chance to breakeven if we have 50% wins. That is, have TP and SL at same number of pips.

If we do that to the strategy for the GBPUSD H1 below, and choose 40 pips for both SL and TP, then we would currently be in profit for the time shown on the chart. 4 x 40 wins and 2 x -40 losses for a net of 80 profit. The red arrows show where we would have exited the trades.

If we had relied the MA crossover of RSI for either or both SL and TP, we would be well and truly in the red.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on March 30, 2015, 07:36:58 AM
http://www.fxautotraderelite.com/ (http://www.fxautotraderelite.com/)

Back again and Day of Week

Have been on a short holiday. Good to have a break.

Time of day and day of week can make a real difference to one's trading results.

In the example below, after 246 days of trading USDCAD H4 and H1 strategies on FX Autotrader Elite, it is very clear to see how only trading these strategies on Fridays, can improve the results. An improvement from 0.2% to 2.4% pm.

Not sure why this is so for these strategies, but the data is irrefutable and fairly constant over the 9 month period.

I will be doing a full analysis of all 12 Bonus SET files issued to date in April and re-issuing the optimised versions of these SET files for the new version of the Autotrader coming soon. The new version will enable faster Strategy Testing and will have one new feature.
Title: Re: FX Autotrader Elite
Post by: sydap2003 on May 02, 2015, 05:37:21 AM
Re-launch of FX Autotrader Elite

The FX Autotrader Elite has been rebuilt for much much faster back testing and now also has scale-in (stop orders or limit orders) and basket management features.

You may want watch the short video on the FX Autotrader Elite and see the three year back tests on just three of the many strategies that you can run with this Autotrader. I use it for all my automated trading.

The video on the Home page may take a short time to buffer and is best viewed on a tablet or PC.

http://www.fxautotraderelite.com/
Title: Re: Something different - engage and be rewarded
Post by: sydap2003 on May 08, 2015, 11:00:17 AM
Always good to hear what the long term professional traders have to say about their approach to trading.

Cam has been interviewing a number of such traders and is looking for feedback.

To entice us to do so he is offering a free EA based on the strategy of one such trader.

Go check it out here http://52traders.com/swap-ea/

To your success.


And don't forget to check out the new http://www.fxautotraderelite.com/, complete with three year backtested SET files..
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 11, 2015, 06:37:06 AM
http://www.fxautotraderelite.com/

Auto trading

Want to share some thoughts and insights into auto trading using MAs.

Almost every week we are alerted to some fancy new indicator which purportedly is foolproof and will skyrocket our trading success. But I have yet to find one that does that.

Instead I have spent several weeks developing 10 new strategies that just use MAs. And of course carefully selected trade settings - TP, SL, TS and BE. And some with scale-ins using the FX Autotrader Elite. And time of day and day of week optimisation.

The image below shows the 3.3 year backtest results for one such strategy for the USDCAD on the H1 timeframe. This one is a simple MA crossover, with MA-based TS, four scale-ins and has both Initial and Re-Entry trades.

Barely made money in 2012 and 2013, but has performed well in 2014 and 2015 so far. It only trades Tuesdays and Fridays.

The nice thing about FX Autotrader Elite is that even if you did not want to auto trade, you can use this fully customisable EA to test out ideas. Just like I have done with this strategy. And analyse the test results using the Strategy Quant EA Analyser.

http://www.fxautotraderelite.com/
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 12, 2015, 01:00:06 PM
Get more out of each trade setup

Re-Entries with FX Autotrader Elite

In yesterday's Post I showed the results for a MA based strategy on the USDCAD H1. That is, a trade is entered when the fast MA crosses the slow MA. Could not be simpler.

Normally you would only get one trade for each MA cross. But by using FX Autotrader Elite to execute this strategy we can also get re-entry trades. That is an extra trade once the first one has been closed but the trend is still in place.

For a Buy this occurs when the fast MA, having turned down after the Initial trade was closed (because of TP, BE or SL or TS), turns back up again and not having crossed the slow MA again.

In the image below the results for this strategy when Re-Entries are switched off, are shown.

The profit factors are not that much different compared to that shown in yesterday's Post but note how this time we only reach a profit of $9375 compared to $14450 if we included re-entry trades.

More bang for the buck. Same risk. Made possible with FX Autotrader Elite

Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 13, 2015, 06:30:48 AM
Scale in for more profits

Yesterday we spoke about the re-entry feature and how they boosted profits by over 50% over 3.3 years.

Today we have a similar result for the boosting power of scale-in trades.

With FX Autotrader Elite we can specify any number of scale-ins at any in-profit or in-loss positions.

In the USDCAD H1 strategy I have scale-ins at 5, 10, 30 and 40 pips in profit. If I remove these scale-ins for this strategy my profit drops from $14,450 to just $9482 over the 3.3 years back test and the profit factor drops marginally from 1.4 to 1.3.

The chart below shows the scale-ins in action last night for a very profitable trade. (A bit messy but trying to explain it all).
Title: Re: FX Autotrader Elite
Post by: fxman on May 13, 2015, 05:21:09 PM
Have you started any forward test of this EAs with the settings u were working on in backtest?
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 17, 2015, 08:17:35 AM
http://www.fxautotraderelite.com/

Forex trading made easy - just watch this video

With FX Autotrader Elite it is very easy to create your own EAs. Not just one, but many.

Just watch this video where I show you how I developed a winning trading strategy for the EURUSD M5. Nothing fancy or difficult but a strategy that returned over $26K from a $10K account over the last three years.

As shown in the image attached.

Click on this link to watch the video.
http://www.screencast.com/t/EknCioi9mDA

(It may take a little while to buffer.)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 17, 2015, 08:32:34 AM
Quote from: fxman link=msg=339945 date=1431534069

Have you started any forward test of this EAs with the settings u were working on in backtest?


Yes I have for the USDCAD H1. Please see image attached for interim results. The period involved included the mad swings we had on NFP night for this pair.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 22, 2015, 08:08:38 AM
What is in a Step?

Now that I am fully into using Strategy Tester and have good tick data to do so and a FX Autotrader Elite (V24) which is fast on back tests, I have started looking at settings which I normally almost ignore.

In this case the Step setting for the trailing stop.

The results of optimising for this setting can be quite amazing on the 40 months back tests on four strategies so far.

40 to 60% improvement in profits, and profit factors increasing by around 10%.

Does anyone have any experience/insights on this? And/or been able to replicate such back test improvements on forward testing?
Title: Re: FX Autotrader Elite
Post by: 999cjb on May 22, 2015, 08:29:39 AM
A step setting for trailing stops is vital especially if you are using a five digit broker otherwise your EA will spend all its time resetting the trailing stop. This will impact on live results.

We used to find that a value of 2 to 5 pips gets the best results. But we don't use stops of any kind any more.
Title: Re: FX Autotrader Elite
Post by: Bigsteve on May 26, 2015, 02:16:52 PM
Hello,
I am wondering if there is a certain tool out there. Every night I place pending orders. I am looking for an EA tool to enter the stop or limit price, enter the TP and SL, and configure its own MM basing it on the TP and SL using my balance. Can Autotrader Elite do this for me?
Title: Re: FX Autotrader Elite
Post by: 999cjb on May 26, 2015, 02:35:23 PM
Quote from: Bigsteve link=msg=340464 date=1432646212

Hello,
I am wondering if there is a certain tool out there. Every night I place pending orders. I am looking for an EA tool to enter the stop or limit price, enter the TP and SL, and configure its own MM basing it on the TP and SL using my balance. Can Autotrader Elite do this for me?


I have always thought that placing stop and limit orders is a bit like telling the police which bank you are going to rob and when.

I prefer not to give brokers any information which could possibly help them to predict and possibly manipulate or interfere with my trades.

Surely it would be better to program an EA to just act when the time is right using preset parameters.

If I am entirely wrong please tell me why.
Title: Re: FX Autotrader Elite
Post by: Bigsteve on May 26, 2015, 02:49:14 PM
Quote from: 999cjb link=msg=340468 date=1432647323

Quote from: Bigsteve link=msg=340464 date=1432646212

Hello,
I am wondering if there is a certain tool out there. Every night I place pending orders. I am looking for an EA tool to enter the stop or limit price, enter the TP and SL, and configure its own MM basing it on the TP and SL using my balance. Can Autotrader Elite do this for me?


I have always thought that placing stop and limit orders is a bit like telling the police which bank you are going to rob and when.

I prefer not to give brokers any information which could possibly help them to predict and possibly manipulate or interfere with my trades.

Surely it would be better to program an EA to just act when the time is right using preset parameters.

If I am entirely wrong please tell me why.


I'm a swing trader, so stop and limit orders are unavoidable as well as part of strategy. I would really like to come by a tool if anybody knows where I can locate one. I would rather buy and own a paid product if at all possible, rather than go free-bee
Title: Re: FX Autotrader Elite
Post by: odysseus11 on May 26, 2015, 03:45:29 PM
Steve check out https://www.ea-coder.com/mt4-apps/
a couple of theirs look like they might be what you want.

I also personally use Forex Pro Toolkit, http://www.forexprotoolkit.com/
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 29, 2015, 08:44:34 AM
Fine tuning

One of the free SET files you receive when purchasing the FX Autotrader Elite is a strategy for trading the AUDJPY on the 4 hr timeframe.

Varying the step on the TS can improve results as shown in previous Post.

And adding a scale-in and adding partial closes can also improve profits ($25K vs $23K) over the 40 months of back test but at the expense of increasing draw down from 19% to 26%. As per image attached.

All possible because the Autotrader is a versatile, and customisable EA.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 01, 2015, 10:07:41 AM
Want to develop winning strategies....Painlessly?

(And get a Bonus Trade Manager EA as well?)

Here is a strategy I built using FX Autotrader Elite on the EURUSD. it worked like dream and is still going strong. Backtested over 3 years. You can watch the video to find out more.

http://www.screencast.com/t/EknCioi9mDA

Until June 14 you get the DIY Trade Manager Plus as a Bonus with any purchase of the FX Autotrader Elite.

Just go to www.fxautotraderelite.com and see for yourself how your trading will improve.


Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 05, 2015, 05:59:39 AM
Create a SET file for News Trading with FX Autotrader Elite


I felt challenged to create a SET file for FX Autotrader Elite that could do news trading, along the lines of the Kiwi NFP strategy described by Dukascopy. After all the FXAE is a multi purpose EA.

I tested it on the US Unemployment release last night, and it worked!

The logic is this.

Trade on the NZDUSD M1 chart with Entry at Candle Close set to false (we need instant response).

Use the MACD, standard settings (12, 26, 9) and add the levels 0.0001 and -0.0001. Just prior to the announcement the market is very quiet and the histogram bars generally stay between these levels. So the trade is triggered when the announcement is made and the histogram bar shoots up or down over the trigger levels. (Slippage could be high.)

Set Time Filter to start at 15.25 (on GMT +2 broker) and finish at 15.35. The announcement occurs at 15.30 on a GMT +2 broker. Adjust accordingly depending on the broker you use.

The broker needs to enable hedging so US clients can use Tallinex.

Set TP at 20, SL at 15, or also make use of partial close, TS etc.

The chart attached shows three trades since I had set the Time Filter Stop trading to 00:00 instead of 15.35. So if we had used the settings above and stopped trading at 15.35, we would only have had the first, and winning, trade executed.

A copy of the SET file has been sent to all FX Autotrader Elite subscribers.

And will be sent to all new subscribers when they purchase the Autotrader before 14 June as part of the Summer Stunner promotion.




Enjoy your trading.

Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 08, 2015, 08:45:11 AM
Another way of trading the News

Using the DIY Trade Manager for News Trading (many Autotrader members have the TM as well)

With the DIY Trade Manager Plus (http://diytrademanagerplus.com/) you can set scale-in trades to be opened at a defined pip distance from an open trade.

So if you think about this, then a few minutes before a News release, open a Buy and a Sell microlot (0.01 lot) positions on the chart, and set the Trade Manager to work having set it to scale-in a trade at say 20 pips (to allow for a last minute flutter) in profit, with TP, SL and TS set as desired.

All going to plan, this should result in one winning scale-in trade.

Then just close both the original Buy and Sell microlot (0.01 lot) trades for a small loss represented by the spread between a Buy and a Sell.

You can purchase the DIY trade Manager Plus for $79 or receive it for free when you purchase the FX Autotrader Elite ( http://click2go.me/fxautotraderelite ). Refer Post of 1 June.

But only till 14 June.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 14, 2015, 07:02:16 AM
Timeframe check for Channel Surfing

AND SPECIAL OFFER - LAST DAY


It is always good to get confirmation of a trend on different timescales.

And the Channel Surfer indicator is a handy way to do that.

In the image below we have use the Channel Surfer indicator on 5 different timescales and all of them except the Daily are indicating a down trend.

So we can use the top of the channels, on whichever is our preferred timescale for trading, to place pending Sell limit orders.

And don't forget that today is the last day for the Special Offer!!

And for an extra bonus, I will also provide you with the Channel Surfer indicator. You can use the bonus trade manager EA with this indicator as well.

So a great way to build up your forex trading toolkit.

BUT TODAY IS YOUR LAST CHANCE!!

Check it out at

http://click2go.me/fxautotraderelite
Title: Re: FX Autotrader Elite
Post by: dutchie on June 15, 2015, 08:39:44 PM
Quote from: diyforexskills date=1434261736 link=msg=341153

Timeframe check for Channel Surfing

AND SPECIAL OFFER - LAST DAY


It is always good to get confirmation of a trend on different timescales.

And the Channel Surfer indicator is a handy way to do that.

In the image below we have use the Channel Surfer indicator on 5 different timescales and all of them except the Daily are indicating a down trend.

So we can use the top of the channels, on whichever is our preferred timescale for trading, to place pending Sell limit orders.

And don't forget that today is the last day for the Special Offer!!

And for an extra bonus, I will also provide you with the Channel Surfer indicator. You can use the bonus trade manager EA with this indicator as well.

So a great way to build up your forex trading toolkit.

BUT TODAY IS YOUR LAST CHANCE!!

Check it out at
http://click2go.me/fxautotraderelite

Hmmm 1 day too late........ still interested in the offer.
Is there a way to make it the 14th today?

I also filled out the contact page on your website but that's not working properly.
Gave you my email address for contact
Title: Re: FX Autotrader Elite
Post by: dutchie on June 17, 2015, 08:27:15 PM
Okay I'm in.
Next months or so I will try to master all the possible settings in FXAE.
Great challenge to find profitable MA, RSI and MACD combinations.
But with a one time payment I can make endless startegies and BT them before I go live.
Title: Re: FX Autotrader Elite
Post by: dutchie on June 17, 2015, 08:50:14 PM
Andre, can you supply me with all the set files you have and are willing to give away to customers?
You have my email address on file.
Thanks.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 18, 2015, 02:52:46 AM
Quote from: dutchie link=msg=341288 date=1434569235

Okay I'm in.
Next months or so I will try to master all the possible settings in FXAE.
Great challenge to find profitable MA, RSI and MACD combinations.
But with a one time payment I can make endless startegies and BT them before I go live.


Welcome. Mastering them all will be one way to pass the time during long grey Dutch winters as I remember them. :-)

And since the FXAE is modular, we can also add extra indicators should someone want them. For instance we were able to provide one member a version where RSI was replaced with CCI - at a cost of $75. This version is available to FXAE members for $50 with 50% going to the member who ordered and paid for the modified version. That way everyone can benefit. And recover the cost of the modification.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 18, 2015, 03:23:29 AM
Quote from: dutchie date=1434570614 link=msg=341289

Andre, can you supply me with all the set files you have and are willing to give away to customers?
You have my email address on file.
Thanks.


Maarten, three SET files were supplied with the purchase and I have just now sent you an earlier Broadcast with a video for a new strategy, including the SET file. So that makes for 4 free SET files.

I create SET files as part of my training program, FX for Me, which is available to FXAE members at 50% discount. Effectively that provides for a new three year back tested and optimised SET file each month at $20 complete with written and video explanations and mid-month updates. Details are in a second previous Broadcast message which I have just sent you.

Preparing such SET files is a fair bit of work and so I am seeking some compensation for them by way of this FX for Me subscription program. I know it is a kind of upsell, and I don't like them, but here is what Thomas  A., USA, one of our members, said about the program:

“ Learning to trade EAs is quite difficult, and we all have to go through our share of grids, martingales and get rich scalpers. Finding your program, FX For Me, has really helped me on the path of slow steady growth – and to avoid panic losses.”

“However in my mind you are under selling yourself wildly !! This program has a higher value than $39 per month.”
Title: Re: FX Autotrader Elite
Post by: dutchie on June 21, 2015, 02:10:40 PM
Quote from: diyforexskills link=msg=341314 date=1434594209

Quote from: dutchie date=1434570614 link=msg=341289

Andre, can you supply me with all the set files you have and are willing to give away to customers?
You have my email address on file.
Thanks.


Maarten, three SET files were supplied with the purchase and I have just now sent you an earlier Broadcast with a video for a new strategy, including the SET file. So that makes for 4 free SET files.

I create SET files as part of my training program, FX for Me, which is available to FXAE members at 50% discount. Effectively that provides for a new three year back tested and optimised SET file each month at $20 complete with written and video explanations and mid-month updates. Details are in a second previous Broadcast message which I have just sent you.

Preparing such SET files is a fair bit of work and so I am seeking some compensation for them by way of this FX for Me subscription program. I know it is a kind of upsell, and I don't like them, but here is what Thomas  A., USA, one of our members, said about the program:

“ Learning to trade EAs is quite difficult, and we all have to go through our share of grids, martingales and get rich scalpers. Finding your program, FX For Me, has really helped me on the path of slow steady growth – and to avoid panic losses.”

“However in my mind you are under selling yourself wildly !! This program has a higher value than $39 per month.”

Will join the prgram next week.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 24, 2015, 06:41:48 AM

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs2.postimg.org%2Fltvsh1u8l%2FFBPost24jun15.jpg&hash=339b59d0b521f298e912ed957985ee47) (http://postimg.org/image/ltvsh1u8l/)


Optimising a Strategy

In a Post on my FB page of 22 June I described a simple strategy sent to me for testing with the FX Autotrader Elite.

I decided to run it live on demo first as shown in the FB Post. After two days we have lost about $17 on a $10K account trading mini lots. This is shown on the chart below.

I know from having automated the strategy with the FX Autotrader Elite and then back testing since January, that this strategy is doomed to fail as is. Goes down about 55% in 5 months. Note what happens when the market goes flat and we get whipsawed into losses.

With the Autotrader I can optimse for numerous settings including TP, SL, BE, TS, and MAs and RSI settings and of course timeframes. Having tried a few, I can just about get this strategy to break even but only by constraining it so much that it would only trade just under 50 trades in that 5 months.

But why don't we keep forward testing with a few changed variables. Eg note how sometimes we get some longer trends (red arrows) but are stopped out at 20 pips TP. So maybe a TS at 20, trailing by 10 with TP at 40? Or a BE at 10 to avoid winners turning into losers?

Any other ideas?  Now that we can automate the strategy we can easily test all sorts of ideas. That is one of the benefits of having the Autotrader.

http://www.diyforexskills.com/
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 02, 2015, 07:40:43 AM
Version 28 of FX Autotrader Elite has been released

I confess to having been diverted from working on the strategy experiment of 24 June. But I will soon and report.

Instead I have focused on some maintenance.

Version 28 of FXAE contains a few enhancements and incorporates some bug fixes in the Basket Management module.

SET files prepared on Version 24 can be applied directly on Version 28, but there are three new settings that users will need to select and or set

1.  In Label 1
Set the “Enter in BuySell Sequence” to true or false. Default is true and is how Version 24 was set to work.

Background:  Normally, as it was in Version 24, trading is only allowed in a sequence of buy/sell/buy/sell ... etc. But when we activate hedging there are times when it could be more profitable to break that rule. Eg we are in a down trend and have one Buy and one Sell open. When the Sell is closed on TP or SL or whatever, then, while this buy/sell/buy/sell rule operates and even though the downtrend continues, a new Sell trade will not be opened because the only new trade that can be opened is a Buy trade (because of this buy/sell/buy/sell rule).

So now we can deactivate this rule. But please do some back tests first to see which option gives the best results for any particular strategy. I continue to be surprised as to how seemingly “wrong” settings can provide better results overall.

2. In Label 1, three lines above start of Label 2

Set the “Remove Pending Scale Ins” to true or false. The Remove is set to occur when the Initial or Re-Entry trade that triggered the scale-in pending orders, is closed. In Version 24 positive pending scale-ins are removed but negative scale-ins are not. (A negative scale-in is where you set the pip values as negative values, eg -5, -10 etc, so that it operates in Martingale fashion).

Background: Much to my surprise I found that leaving the negative scale-in pending orders in place actually achieved better results, and so I originally left this coding “bug” in place when issuing Version 24. And even when we use the Basket Management feature to run a grid-based strategy, leaving the negative pending scale-in orders in place achieves better results in my testing so far.

The above experience does not make sense to me (but winning is better than losing), and some people do not like having pending orders left hanging. So now we have the choice to Remove or Not Remove on both positive and negative pending scale-in orders.

Please remember that you cannot mix positive and negative settings on any one strategy. A strategy must use either positive or negative scale-ins, NOT both.

3. Label 4 has been re-titled to Triple Moving Average Settings in order to emphasize how this module differs from the double MA crossovers in the MTF Moving Averages module of Label 5. The Triple Moving Average module has three MAs compared to the two MAs in the MTF Moving Averages settings (Label 5).

In a triple MA strategy, the middle MA can be used as a trailing stop provided that “Change Exit Rule from OR to AND” is set to false. Please note that MA1, MA2 and MA3 must all have different settings in this module to operate. A difference of 1 period, eg EMA 19 and EMA 20 is sufficient as a differentiation. So if you want to use this module as a double MA cross instead of a triple MA cross strategy, then just set MA2 and MA3 to be almost, but not quite, the same.

4. In Label 5, TF1

We now have the option to set Cross over in Pips for both Entry and Exit for the MAs cross in TF1.

Background: This is a useful feature to avoid entering trades when the MAs have only just crossed. We can now specify by how many pips the MAs must have crossed. That is, is it a convincing cross or just a tiny one? This feature was already available on the Triple MA module in Version 24.

But I have also added this extra one because when you set the two MAs in TF1 both to period 1, but with MA1 applied to the Close and MA2 applied to the Open, then you can specify the minimum size of the candle that you require for a trade to be triggered. In other words you may decide that you want to see a candle of at least 10 pips to convince you that there is enough momentum or movement to warrant entering the trade.

There are other uses for this feature like mimicking certain candle stick reversal patterns, but that is another story for another time. But think about it. It pays to think outside the box sometimes.

As always, please experiment before going live with this, or any, idea. Maybe add it as an extra condition to an existing strategy and see if improves results.

5. Bug fixes

The bug fixes relate to the Basket Management features in Label 2. The Break Even and Trailing Stop features were not working as they should and are now fixed.

In the process we have added some coding so that when running with Strategy Tester, you can actually see how many pips were reached before the trailing stop or Break Even cut in. This information can be viewed in the Journal tab of Strategy Tester; and actually also in the Experts tab when running normally. Having it in Strategy Tester can help in choosing optimisation settings for TP and BE and TS settings by seeing at what pip value the Baskets normally peak before reversing.

Example from Journal tab:  [Basket_Trailing_Stop_pips] /Pips = 20.0/Maxpips = 31.3
So the Basket reached 31 pips before dropping back and if many baskets in a test run reach at least this value, then maybe try setting BE a little higher, or lower TP to around this value.

Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 04, 2015, 08:37:49 AM
FX Autotrader Elite as Price Action EA

Using the new features in the Autotrader, Version 28, I was able to devise a strategy for news trading. That worked nicely for the AUDUSD on a Retail Sales announcement the other day. Image attached.

I also decided to try the strategy by running it 24/5 on the EURUSD M15 after adjusting and optimising a few settings.

And it works, at least on a 41 months back test. Please see image attached.

Now for people like Chris from EZE FX that is nowhere near long enough, but hey, it is a good start.

FX for Me subscribers will receive this EA/SET file as their July installment with full explanations and video.

All the more reason to buy your copy of the FX Autotrader Elite and subscribe to FX for Me at a 50% discount.

http://click2go.me/fxautotraderelite

Title: Re: FX Autotrader Elite
Post by: dutchie on July 04, 2015, 09:17:30 PM
Quote from: diyforexskills link=msg=342752 date=1435995469

FX Autotrader Elite as Price Action EA

Using the new features in the Autotrader, Version 28, I was able to devise a strategy for news trading. That worked nicely for the AUDUSD on a Retail Sales announcement the other day. Image attached.

I also decided to try the strategy by running it 24/5 on the EURUSD M15 after adjusting and optimising a few settings.

And it works, at least on a 41 months back test. Please see image attached.

Now for people like Chris from EZE FX that is nowhere near long enough, but hey, it is a good start.

FX for Me subscribers will receive this EA/SET file as their July installment with full explanations and video.

All the more reason to buy your copy of the FX Autotrader Elite and subscribe to FX for Me at a 50% discount.

http://click2go.me/fxautotraderelite



ha ha Andrew, wil give it a 8 years back test as soon as I have the set file.
That will give a good view over the long term.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 05, 2015, 07:37:15 AM
Quote from: dutchie date=1436041050 link=msg=342761

Quote from: diyforexskills date=1435995469 link=msg=342752

FX Autotrader Elite as Price Action EA

Using the new features in the Autotrader, Version 28, I was able to devise a strategy for news trading. That worked nicely for the AUDUSD on a Retail Sales announcement the other day. Image attached.

I also decided to try the strategy by running it 24/5 on the EURUSD M15 after adjusting and optimising a few settings.

And it works, at least on a 41 months back test. Please see image attached.

Now for people like Chris from EZE FX that is nowhere near long enough, but hey, it is a good start.

FX for Me subscribers will receive this EA/SET file as their July installment with full explanations and video.

All the more reason to buy your copy of the FX Autotrader Elite and subscribe to FX for Me at a 50% discount.

http://click2go.me/fxautotraderelite



ha ha Andrew, wil give it a 8 years back test as soon as I have the set file.
That will give a good view over the long term.


Great. Then do some more optimisation and see if you can get these results replicated for 8 years as well!

Still only 16% DD but profit now over $38,000 of profit
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs4.postimg.org%2Fcyr8826mh%2FOptim_conditions_for_Pice_Action_EA.jpg&hash=9615ea5271b9880de8b8fbd4f2407f24) (http://postimg.org/image/cyr8826mh/)
Title: Re: FX Autotrader Elite
Post by: dutchie on July 05, 2015, 12:56:46 PM
Quote from: diyforexskills link=msg=342770 date=1436078235

Quote from: dutchie date=1436041050 link=msg=342761

Quote from: diyforexskills date=1435995469 link=msg=342752

FX Autotrader Elite as Price Action EA

Using the new features in the Autotrader, Version 28, I was able to devise a strategy for news trading. That worked nicely for the AUDUSD on a Retail Sales announcement the other day. Image attached.

I also decided to try the strategy by running it 24/5 on the EURUSD M15 after adjusting and optimising a few settings.

And it works, at least on a 41 months back test. Please see image attached.

Now for people like Chris from EZE FX that is nowhere near long enough, but hey, it is a good start.

FX for Me subscribers will receive this EA/SET file as their July installment with full explanations and video.

All the more reason to buy your copy of the FX Autotrader Elite and subscribe to FX for Me at a 50% discount.

http://click2go.me/fxautotraderelite



ha ha Andrew, wil give it a 8 years back test as soon as I have the set file.
That will give a good view over the long term.


Great. Then do some more optimisation and see if you can get these results replicated for 8 years as well!

Still only 16% DD but profit now over $38,000 of profit
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs4.postimg.org%2Fcyr8826mh%2FOptim_conditions_for_Pice_Action_EA.jpg&hash=9615ea5271b9880de8b8fbd4f2407f24) (http://postimg.org/image/cyr8826mh/)


I will!
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 07, 2015, 07:31:55 AM
http://click2go.me/fxautotraderelite

Trading the News

I created a special news trader EA for my FX for Me clients last week based on the FX Autotrader Elite.

Tested it today on the RBA rate decision announcement this afternoon (2.30pm AEST) on both the AUDUSD and AUDJPY pairs.

So far the AJ pair has closed on profit and the AU pair is still thinking about it.

One of the nice aspects of this strategy is that it takes multiple trades so that collectively we reach our pips profit target sooner.

As shown below for the AUDJPY (AJ) pair.

http://click2go.me/fxautotraderelite/
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs9.postimg.org%2F6yc05300b%2FFBPost7jul15.jpg&hash=d2e62390057aa1132dc1ff069e967b3d) (http://postimg.org/image/6yc05300b/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 08, 2015, 07:36:36 AM

Developing Profitable Forex Strategies

A weekly webinar series sponsored by Donna Forex

Each week we will select a trading idea, from the Web or from ones that participants submit, examine them on the chart, automate them to back test and optimise, and provide you with the optimised settings for you to trade manually or on autopilot with the FX Autotrader Elite.

Please register here:

https://attendee.gotowebinar.com/rt/1063071981106454785

After registering, you will receive a confirmation email containing information about joining the webinar.

The timing is a bit late for European residents, unless you are a night-owl, and so the webinars will be recorded and made available via Donna Forex TV.

Please send me your trading ideas, and if suitable for the Autotrader, I will do my best to slot them in.

With the Autotrader we can handle all sorts of MA crossovers, including multi timeframes, size of candles, MACD, RSI and MAs of RSI, trend following and trend reverse strategies and lots of scope for trade management settings including scale-ins and basket management.

I know that there are hundreds of other indicators, but it is quite amazing what you can do with the standard ones and remembering also that many of these other indicators are either based partly on MAs and/or are other oscillators which behave similarly to RSI.

Anyway, let's see how we go. Should be fun. And instructive.

And if you have the Autotrader, you will get the optimised SET files for all the strategies that are developed on the webinars.

http://click2go.me/fxautotraderelite


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs9.postimg.org%2Fj4d0agu3v%2FFBPost8jul15b.jpg&hash=08ff5f3d3e4485a0c331b815dab527a8) (http://postimg.org/image/j4d0agu3v/)
Title: Re: FX Autotrader Elite
Post by: dutchie on July 08, 2015, 06:19:52 PM
Quote from: diyforexskills link=msg=342912 date=1436337396


Developing Profitable Forex Strategies

A weekly webinar series sponsored by Donna Forex

Each week we will select a trading idea, from the Web or from ones that participants submit, examine them on the chart, automate them to back test and optimise, and provide you with the optimised settings for you to trade manually or on autopilot with the FX Autotrader Elite.

Please register here:

https://attendee.gotowebinar.com/rt/1063071981106454785

After registering, you will receive a confirmation email containing information about joining the webinar.

The timing is a bit late for European residents, unless you are a night-owl, and so the webinars will be recorded and made available via Donna Forex TV.

Please send me your trading ideas, and if suitable for the Autotrader, I will do my best to slot them in.

With the Autotrader we can handle all sorts of MA crossovers, including multi timeframes, size of candles, MACD, RSI and MAs of RSI, trend following and trend reverse strategies and lots of scope for trade management settings including scale-ins and basket management.

I know that there are hundreds of other indicators, but it is quite amazing what you can do with the standard ones and remembering also that many of these other indicators are either based partly on MAs and/or are other oscillators which behave similarly to RSI.

Anyway, let's see how we go. Should be fun. And instructive.

And if you have the Autotrader, you will get the optimised SET files for all the strategies that are developed on the webinars.

http://click2go.me/fxautotraderelite


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs9.postimg.org%2Fj4d0agu3v%2FFBPost8jul15b.jpg&hash=08ff5f3d3e4485a0c331b815dab527a8) (http://postimg.org/image/j4d0agu3v/)


Great idea!
But to late for me to attend: living in Europe/The Netherlands
Title: Re: FX Autotrader Elite
Post by: 999cjb on July 08, 2015, 07:16:37 PM
Quote from: dutchie link=msg=342945 date=1436375992

Quote from: diyforexskills link=msg=342912 date=1436337396


Developing Profitable Forex Strategies

A weekly webinar series sponsored by Donna Forex

Each week we will select a trading idea, from the Web or from ones that participants submit, examine them on the chart, automate them to back test and optimise, and provide you with the optimised settings for you to trade manually or on autopilot with the FX Autotrader Elite.

Please register here:

https://attendee.gotowebinar.com/rt/1063071981106454785

After registering, you will receive a confirmation email containing information about joining the webinar.

The timing is a bit late for European residents, unless you are a night-owl, and so the webinars will be recorded and made available via Donna Forex TV.

Please send me your trading ideas, and if suitable for the Autotrader, I will do my best to slot them in.

With the Autotrader we can handle all sorts of MA crossovers, including multi timeframes, size of candles, MACD, RSI and MAs of RSI, trend following and trend reverse strategies and lots of scope for trade management settings including scale-ins and basket management.

I know that there are hundreds of other indicators, but it is quite amazing what you can do with the standard ones and remembering also that many of these other indicators are either based partly on MAs and/or are other oscillators which behave similarly to RSI.

Anyway, let's see how we go. Should be fun. And instructive.

And if you have the Autotrader, you will get the optimised SET files for all the strategies that are developed on the webinars.

http://click2go.me/fxautotraderelite


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs9.postimg.org%2Fj4d0agu3v%2FFBPost8jul15b.jpg&hash=08ff5f3d3e4485a0c331b815dab527a8) (http://postimg.org/image/j4d0agu3v/)


Great idea!
But to late for me to attend: living in Europe/The Netherlands



You'll just have to make do with watching DFTV on your 55" widescreen HD the next day. How sad  ;)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 09, 2015, 12:31:39 AM
In reply to the previous two Posts.

Of course we could reschedule some webinars to be Europe friendly.

8pm in a wintry Sydney is 10 am in London, 9am in the country of my second citizenship.

I don't think we need 55 inch screens. I don't intend to do 8 years back testing in this series!   :)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 11, 2015, 06:40:24 AM
Quote from: diyforexskills link=msg=342912 date=1436337396


Developing Profitable Forex Strategies

A weekly webinar series sponsored by Donna Forex

Each week we will select a trading idea, from the Web or from ones that participants submit, examine them on the chart, automate them to back test and optimise, and provide you with the optimised settings for you to trade manually or on autopilot with the FX Autotrader Elite.

Please register here:

https://attendee.gotowebinar.com/rt/1063071981106454785

After registering, you will receive a confirmation email containing information about joining the webinar.

The timing is a bit late for European residents, unless you are a night-owl, and so the webinars will be recorded and made available via Donna Forex TV.

Please send me your trading ideas, and if suitable for the Autotrader, I will do my best to slot them in.

With the Autotrader we can handle all sorts of MA crossovers, including multi timeframes, size of candles, MACD, RSI and MAs of RSI, trend following and trend reverse strategies and lots of scope for trade management settings including scale-ins and basket management.

I know that there are hundreds of other indicators, but it is quite amazing what you can do with the standard ones and remembering also that many of these other indicators are either based partly on MAs and/or are other oscillators which behave similarly to RSI.

Anyway, let's see how we go. Should be fun. And instructive.

And if you have the Autotrader, you will get the optimised SET files for all the strategies that are developed on the webinars.

http://click2go.me/fxautotraderelite


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs9.postimg.org%2Fj4d0agu3v%2FFBPost8jul15b.jpg&hash=08ff5f3d3e4485a0c331b815dab527a8) (http://postimg.org/image/j4d0agu3v/)




Well we had our first webinar this morning.

Lots of room for improving the presentation to clarify what we are doing and to ensure that everyone can see the essentials. Heavier lines, more screenshots to clarify critical aspects, and a bit more time on the charts to explain the strategy and how we go about improving it.

So we'll work on that over the coming week.

Next Saturday we will do a summary recap of what we did today; and then begin examining a strategy put forward by Russ Horn and how we can automate that.

In the meantime, the Handout from today's webinar is attached.

The Webinar was recorded and will be made available on Donna Forex TV in the near future



Title: Re: FX Autotrader Elite
Post by: odysseus11 on July 11, 2015, 07:47:56 PM
great Webinar!

For anyone who missed it, here is the recording:
https://attendee.gotowebinar.com/recording/7461667804389778177
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 13, 2015, 11:42:51 AM
We made a profitable strategy

In the Webinar on Saturday, we tested a simple trading strategy using just MAs and MACD and we were able to optimise it using the FX Autotrader Elite to finish up with a strategy that was profitable from 2014 onwards when back tested from January 2012.

As shown in the image below.

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs7.postimg.org%2Foybz08cxj%2FFBPost13jul15.jpg&hash=7a074d0eeeaeaf5a765d8452ddc9419c) (http://postimg.org/image/oybz08cxj/)


Go here to view the Webinar
https://attendee.gotowebinar.com/recording/7461667804389778177


And please go to the Donna Forex Webinar page to register for the next one. Even if the time is not suitable for you, by registering you will be sent a link for the recording a day or so after the event.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 15, 2015, 09:03:13 AM
Next Webinar - more insights into how you can Autotrade

Our second Webinar in the series on creating profitable strategies will take place on Saturday morning AEST.

If you cannot attend at that time, you can still register which ensures that you will receive the recording and handouts.

https://attendee.gotowebinar.com/rt/1905974087744979969

The photo below show what we covered last week. This coming Saturday we will show you how we can double the profit by making some further adjustments.

And demonstrate some other profitable trade entry setups. Which you can trade manually but which are so much easier with the FX Autotrader Elite.

http://click2go.me/fxautotraderelite



(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs1.postimg.org%2Fyoktxz1m3%2FFBPost15jul15.jpg&hash=3c8a0648f01924b8de3e9efb8c0211b2) (http://postimg.org/image/yoktxz1m3/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 16, 2015, 12:01:53 PM
http://www.diyforexskills.com/

Trading with the Autotrader

In Saturday's upcoming webinar we will look at how you can use the Autotrader to test and trade a number of standard strategies.

Just by understanding how you can use MAs and RSI in different ways to simulate things like divergences and trend line breaks.
.
If you cannot attend at that time, you can still register which ensures that you will receive the recording and handouts.

Pls go to
https://attendee.gotowebinar.com/rt/1905974087744979969


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs10.postimg.org%2F8y2m3cwcl%2FFBPost16jul15.jpg&hash=f415815308404b74c25fdaeabbd68359) (http://postimg.org/image/8y2m3cwcl/)
Title: Re: FX Autotrader Elite
Post by: JohnBa on July 19, 2015, 08:19:07 PM
Did last Saturday's webinar take place? I signed-in but the webinar never started.
Title: Re: FX Autotrader Elite
Post by: sydap2003 on July 20, 2015, 12:55:04 AM
Hi John

Yes it did and we had some attendees. So not sure what happened for you.

Anyway, I forgot to set the record button (bummer!), and so I did it a second time, and after some more problems with uploading, the recording is finally available. Just finishing up fine-tuning the handout. Then will send.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 20, 2015, 06:56:42 AM
Webinar Replay - Creating Profitable Forex Strategies

Our second webinar took place on 18 July.

You can view a copy of the recording here.

https://attendee.gotowebinar.com/recording/1997858075586661121

A Handout showing the three key strategies discussed is attached.

Please contact me if you have questions or suggestions about future webinars. Whether in terms of timing or content or both. Feedback is always helpful and appreciated.

The next webinar is scheduled for 25 July, 9.30am Australian EST. Please register at

http://www.donnaforex.com/index.php?page=webinar

You can purchase a copy of the Autotrader from this DF link  http://click2go.me/fxautotraderelite



Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 21, 2015, 07:41:50 AM
For our manual traders

Loonie in focus


In my Facebook Post of yesterday I described how the USDCAD pair is at a crucial level. Pls see first image - the Monthly chart.

Today we can see the first tentative signs of the 1.30 level being breached on the H4 chart. But too early to call.

Any rate increase by the US Fed, or conviction of a rate hike amongst traders, would spur the move up. And whilst oil and other commodity prices keep weakening, the Loonie should keep decreasing thus providing a double whammy for the pair to go up.

But if we look at the Channel on the H4, we might go down before we go back up. So let's keep our powder dry for a while.

And if we apply what we discussed at the last two webinars, see previous Post, regarding the use of RSI period 3 for pullback entries on the H4 and/or the Daily, we would have confirmation that we should not be entering a Buy just yet.


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs11.postimg.org%2Fkksu8sr2n%2FFBPost20jul15.jpg&hash=f53f9547fb821d34d6ec6b7763ece696) (http://postimg.org/image/kksu8sr2n/)



(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs7.postimg.org%2Fh9naw0hxz%2FFBPost21jul15.jpg&hash=0eab45c7ff57cec45eae92b424ae1d5b) (http://postimg.org/image/h9naw0hxz/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 23, 2015, 08:18:05 AM
Trading the Weekend Gap

When the markets open on a Monday morning, there is often a large gap between where price closed on Friday night and where it opens on Monday morning.

For some reason, these gaps usually get "filled". Meaning that price retraces the gap.

We can easily automate such trades using the features of the FX Autotrader Elite.

As shown below for the Gap of the weekend of 3 to 5 July on the EURUSD. Just one of the many typical trades that you can automate with the Autotrader - and all for only $197; but not for much longer.

http://click2go.me/fxautotraderelite





(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs16.postimg.org%2F6rphcb9wh%2FFBPost23jul15.jpg&hash=36b36f65a3e95a735b07c383328d9fd6) (http://postimg.org/image/6rphcb9wh/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 24, 2015, 07:51:43 AM

Register for the Webinar


https://attendee.gotowebinar.com/rt/1905974087744979969


The image shows how we were able to describe and then automate a simple manual pull back strategy with the FX Autotrader Elite.

This is the type of material that we discuss in the webinars.

Take a strategy, automate it, then test and optimise so that we can trade it either manually or on autopilot going forward.

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs10.postimg.org%2Fsfvu9vuc5%2FPull_Back_comparison.jpg&hash=9206a29a7e0e1736f1d52412d5e4165e) (http://postimg.org/image/sfvu9vuc5/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 25, 2015, 03:34:30 AM
The Webinar recording for this week's session is here

Developing Profitable Forex Strategies

https://attendee.gotowebinar.com/recording/4626252716545375746

We recapped on the Pullback with RSI and looked at how we might automate divergence trades.

The latter one is very much work in progress in terms of automation; and that is all part of the learning process.

We finished with a look at the weekend gap trade and next week we will show how that can easily be automated with FX Autotrader Elite.


Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 30, 2015, 12:04:53 PM
Webinars rescheduled

The "Creating Profitable Trading Strategies" webinar series has been moved to 10 am GMT on Saturdays.

That should make it easier for our European traders and also means I will be able to sleep on Friday nights instead of lying awake rehearsing what I am going to cover in the morning, Sydney time.  A win-win hopefully.   :)

You can register for this new time here (and to ensure you get notified about the recording should you be unable to attend).

https://attendee.gotowebinar.com/rt/1905974087744979969

In this week's webinar we will show how we can in fact automate the divergence strategy we covered last week and see the results on the GBPUSD pair; and we will make a start on a new strategy, one published by Russell Horn in 2013.

And a special offer is also in the mix. More on that tomorrow.


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs29.postimg.org%2Fqkemelw1v%2FFXAE_Banner.jpg&hash=4942ccd8c47e34a1f686dce15886809f) (http://postimg.org/image/qkemelw1v/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 31, 2015, 07:56:53 AM
Webinars rescheduled

The "Creating Profitable Trading Strategies" webinar series has been moved to 10 am GMT on Saturdays.

That should make it easier for our Asian and European traders and also means I will be able to sleep on Friday nights instead of lying awake rehearsing what I am going to cover in the morning, Sydney time. A win-win hopefully.
smile emoticon

You can register for this new time here (and to ensure you get notified about the recording should you be unable to attend).

https://attendee.gotowebinar.com/rt/1905974087744979969

In this week's webinar we will show how we can in fact automate the divergence strategy we covered last week and see the results on the GBPUSD pair; and we will make a start on a new strategy, one published by Russell Horn in 2013.

And a special offer is also in the mix. Two EAs for the price of one.


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs8.postimg.org%2Fhslygd741%2FDIY_Trade_Manager_Plus.jpg&hash=a611a1633a0160d60e645b56f55b0f66) (http://postimg.org/image/hslygd741/)

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs8.postimg.org%2Fnfibdu9mp%2FFXAE_box_set_php.jpg&hash=a1eabeb372463466d279157b78009f5b) (http://postimg.org/image/nfibdu9mp/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 02, 2015, 09:47:32 AM
Webinar Recording - Developing profitable Forex Strategies

Here is the link to the recording from the Webinar held on Saturday.

https://attendee.gotowebinar.com/recording/4867358024513174529

In it we show how we automate the Divergence strategy and optimise the settings to deliver a 345% return over just 18 months on the GBPUSD H1 timeframe.

We also dissect a Russ Horn strategy and show how we can easily automate it ready for back testing and optimisation.

AND, we tell you how you can get two EAs for the price of one.

So please take a look. And be rewarded.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 03, 2015, 12:03:37 PM
http://click2go.me/fxautotraderelite

Update on the Loonie

(It's always good to do some manual trading even if we are autotraders at heart!)

The USDCAD pair appears to have settled above the 1.30 resistance line, so we should be close to taking a long trade.

But we still have divergence on the Daily, and so ideally we would like to enter on the pullback.

RSI, period 3, is not a bad indicator to do that with so let's wait until RSI 3 has gone below level 20 - about where the red rectangle is on the chart.

Ideally then we would also like to see a candle stick pattern as shown in the golden rectangle.


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs10.postimg.org%2Fmf06afod1%2FFBPost3aug15.jpg&hash=f6d62a0b4c351794fa5b405f0faf2092) (http://postimg.org/image/mf06afod1/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 04, 2015, 08:46:26 AM
www.fxforme.com

Hidden Divergence

The AUDUSD H1 chart shows a nice example of a hidden divergence (as opposed to a regular divergence).

In this case we have a higher low in Price and a lower low (or at least an equal low) in RSI and/or Stochastics.

This pattern is a Buy signal, which indeed is what happened on the H1 chart and is confirmed on the H4 chart where price has moved up and out of the downward channel on that timeframe. My Sell Limit trade has been triggered as shown, so now waiting for price to drop again to pick up my reward.

This example also shows that there is little difference in whether we use Stochastics or RSI as our oscillator indicator for determining divergences.

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs12.postimg.org%2F6f93xe2zt%2FFBPost4aug15.jpg&hash=9958bce310d913c376fc5efb55568a64) (http://postimg.org/image/6f93xe2zt/)

And that is why I just use RSI as my oscillator indicator in FX Autotrader Elite. Best to keep things simple and not overdose on indicators.

http://www.fxautotraderelite.com/

Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 05, 2015, 12:04:19 PM
http://click2go.me/fxautotraderelite

Is the party over (for a while)?

We have been trading the Aussie down for a couple of months making some 30% in profits.

But price has almost reached a long term uptrend Support and is also close to the 72c.

And so now on the Daily we have a regular bullish divergence playing out coming off a double doji (see red rectangle) indicating that a new low may have been put in place.

The lack of a call from the RBA for a lower Aussie dollar yesterday would have given the AUD bulls some moral support.

So unless the USD strengthens considerably we may be in for a a bullish trend for a while. So the bearish party is over for now. At least for me. I'll hold onto my profits and see what plays out. Because i think we still have some way down to go, in the longer term based on fundamentals.

And I'll start on the USDCAD which seems to have established itself firmly above 1.3 with 1.6 in sight in the long term.


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs14.postimg.org%2Fxx7jnnnwd%2FFBPost5aug15.jpg&hash=c5c36ef8da85cfdab7d233ddf987b33f) (http://postimg.org/image/xx7jnnnwd/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 06, 2015, 05:09:20 AM
Donna Forex Webinars

Please register for Developing Profitable Forex Strategies on Aug 8, 2015 8:00 PM EST at:

https://attendee.gotowebinar.com/register/7233651083595979010

Each week we will select a trading idea, from the Web or from ones that you submit, examine them on the chart, automate them to back test and optimise, and provide you with the optimised settings for you to trade manually or on autopilot with the FX Autotrader Elite.

After registering, you will receive a confirmation email containing information about joining the webinar.

This Registration will operate for the next five Webinars in this series.

And remember, the two for one offer expires next week - buy the Autotrader and receive the Trade Manager for free (Please refer Post of 31 July).

Brought to you by GoToWebinar®
Webinars Made Easy®
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 07, 2015, 06:28:28 AM
Ready for the Loonie

We have been watching the USDCAD for a little while waiting for it to settle above 1.3 and waiting for a pullback before buying since we were seeing a bearish divergence between price and RSI on the Daily. (Watch Webinars 3 and 4 in the series, see previous Post, about Divergence).

We have now had a bit of a pullback though not as far as we had hoped - RSI 3 going to below 20. And we have had a topping candlestick pattern - see red rectangle in chart below. (Watch Webinar 2 in the series on the use of RSI 3 for pullbacks)

I am now prepared to take a bet each way, mindful of the fact that it is NFP tonight.

So I have placed a Buy Limit order just above 1.3 and a Buy Stop order just above the previous high. So I should get triggered for a Buy, one way or the other.

I am favoring Buys because of the Monthly chart and because the CAD is a commodity currency and commodity prices are continuing to fall; and the USD will strengthen when the Fed finally raise their rates. That's the theory!

And please don't forget to register for tomorrow's webinar - pls see previous Post


http://click2go.me/fxautotraderelite


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs2.postimg.org%2Fnlh25uhid%2FFBPost7aug15.jpg&hash=726bd7bb31196828be330b4af0afa7b5) (http://postimg.org/image/nlh25uhid/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 08, 2015, 01:29:37 PM
Webinar recording

The recording of our webinar tonight (refer Post of 6 August) is now available for viewing.

See how you can take a losing strategy and make it profitable for long term trading.

And take advantage of the special offer when purchasing FX Autotrader Elite - only for this coming week.

Pls go to

https://attendee.gotowebinar.com/recording/1463526211264685058


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs23.postimg.org%2F3u8wxl17b%2FFBPost8aug15.jpg&hash=b1d7f49ef0ee86a2c5a5e73ce63f87f0) (http://postimg.org/image/3u8wxl17b/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 10, 2015, 08:18:35 AM
http://click2go.me/fxautotraderelite

No trades on Loonie yet

Friday's NFP and Canadian data releases did not trigger either of my Buy entries on the USDCAD (refer Post of 7 August), although we did get some spiking.

But it looks like the retracement has occurred, small though it may have been, and price is slowly inching up again.
So we'll just wait and let the market come to us.

Waiting is an integral part of trading. Boring as it may be. But better being bored than trading our way into oblivion.

(And that is where a bit of autotrading can help with the use of FX Autotrader Elite, even if it is just used to test out some new ideas for strategies - http://click2go.me/fxautotraderelite

I am also trading the USDJPY and my Buy Limit order on that pair did get triggered, as did my Buy Stop order. So down a bit on that
pair for the time being.?


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs15.postimg.org%2Fwocq5pn9z%2FFBPost10aug15.jpg&hash=ee003997b6283cb7adb5686c9d23cf1a) (http://postimg.org/image/wocq5pn9z/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 11, 2015, 08:23:07 AM
http://click2go.me/fxautotraderelite

Waiting on the Aussie

A couple of weeks ago I stopped selling the AUDUSD because it had reached a strong Support line.

On the Monthly chart below we can see how price did indeed take a breather. Look at it on the H4 chart and you will see the ranging.

Given that we don't want to be in Sell trades for any length of time on the AUDUSD, because of the negative carry trade, we will wait till price breaks the support trend-line on the Monthly before taking more Sells.

In the meantime my USDCAD Buy Limit has been triggered and we are running positive. And that trade has a small positive carry trade. So we can let these trades linger longer without losing money daily like we do when selling the Aussie or the Kiwi against the USD.


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs30.postimg.org%2Fg5crlv5rh%2FFBPost11aug15.jpg&hash=a5001951e37f5ed5b4385ca2f94d178d) (http://postimg.org/image/g5crlv5rh/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 12, 2015, 09:29:49 AM
Some profits, now small drawdown

I have captured some small profits from NU, UJ and USDCAD over the past two days. The Yuan devaluation was causing some wild swings so took profits when I could.

I now have two similar setups in USDCAD and USDJPY where one trade has been triggered on each pair, followed by drawdown and now triggering the Buy Limits that were in place; and new Buy Stops entered following the downward move which I expect to be temporary.

Should the down moves continue I will keep moving the Buy Stops down about 60 pips behind price. Because I am expecting price to go up again once the Yuan dust settles.

Of course I could be wrong, but then that is what trading is all about. Calculated risks.

Don't forget the Webinar this Saturday. It is also the final few days for the two for one offer.

View previous webinar here - https://attendee.gotowebinar.com/recording/1463526211264685058


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs21.postimg.org%2F41c0f2noz%2FFBPost12aug15.jpg&hash=64a61a97fc56673eff811255fa995d32) (http://postimg.org/image/41c0f2noz/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 13, 2015, 08:25:44 AM
Will it or won't it?

The USDCAD broke down through the 1.3 Support yesterday and is now deciding whether it should go back up.

This is most clearly seen on the H1 chart as shown.

Here is hoping that it will feel more comfortable sitting on top of the line than nudging it from below.

Of course I could use the FX Autotrader Elite to alert me to such a move. After all, FXAE has many uses from testing ideas to alerting me to trade setups and through to trading on autopilot. All for only $197 but not for much longer.

And soon to be fitted out with dynamic TP, SL and TS function based on ATR.

http://click2go.me/fxautotraderelite


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs12.postimg.org%2Fkl3hxt215%2FFBPost13aug15.jpg&hash=f3558a963cc818a42756ff4d66ba01d1) (http://postimg.org/image/kl3hxt215/)



(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs23.postimg.org%2Fxchzowbvb%2FFXAE_box_set_php.jpg&hash=c043fa5ca548f20696e9b1b2d66ff703) (http://postimg.org/image/xchzowbvb/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 14, 2015, 08:23:02 AM
It did

As hoped the USDCAD did break out upwards of its H1 range last night on the back of consumer data.

So two of my three Buy trades are in the black. Just one more to catch up to, and to get back above the 200 SMA, the signal to be long.

Both CAD and USD data tonight so we will see how they play out.

The interesting technical aspect is that RSI 3 is now below 20 (supposedly signalling oversold) so unless we are going to have a prolonged down trend with RSI staying down, it could mean that we are ready to bounce up from where we are now. That would suit me just fine.

Don't forget the Webinar tomorrow - see the Webinar calendar

We will be demonstrating a dynamic exit setting for the Forex Power Pro strategy and how you can trade with just RSI.


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs12.postimg.org%2F4x1kygrnd%2FFBPost14aug15.jpg&hash=3fe1f897093af34f30f80856a92ca2d4) (http://postimg.org/image/4x1kygrnd/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 16, 2015, 01:34:56 AM
Webinar Recording is here

The Webinar on Profitable Forex Strategies held Saturday morning, GMT, is now available for viewing.

https://attendee.gotowebinar.com/recording/5411552508879244289

In it we finalise the Forex Power Pro strategy and look at two other simple strategies, both of which can be made profitable over a 3 year back test.

At this stage the two week Special, two EAs for the price of one, has finished.

However the good news is that the FX Autotrader Elite will remain at its current price of $197 until the end of August before rising to $297 in September.

So still a chance to get your copy of the Autotrader at current price. And so lock in the new features coming out soon - ATR-based TP, SL and TS settings on both individual trades and for basket management.



http://click2go.me/fxautotraderelite

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs7.postimg.org%2Fh8lehke87%2FFXAE_Banner.jpg&hash=5cbc2e82741472e0bbb44ca0432331b2) (http://postimg.org/image/h8lehke87/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 17, 2015, 08:39:38 AM
Taking a break

This will be my only Post for the week as I take a break to celebrate an anniversary with my lovely wife - breathe in some refreshing mountain air and enjoy candle light dinners.  :)

In the meantime my trades have just moved into the black as London wakes up and shakes the market.

The chart below shows how the USDCAD tested the 1.30 level for the last five days before moving on. I had no SL set so I stayed in the trades; and only lost a tiny amount on the negative carry trade which for this pair is negligible.

Good trading everyone. May the pips be kind to us.

PLEASE NOTE; NO WEBINAR THIS COMING SATURDAY. NEXT ONE ON 29 AUGUST



(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs7.postimg.org%2Fappprbl6v%2FFBPost17aug15.jpg&hash=086447c50a09f0d9501b6109b14f91b6) (http://postimg.org/image/appprbl6v/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 23, 2015, 08:00:25 AM
A Triple Top

Technical trade setups are all around us.

This one was spotted while hiking in the Blue Mountains west of Sydney.

Also known as the Three Sisters.

True to its formation, this triple top did indeed signal a strong downtrend - all 1000 steps or so down the giant staircase!

And then of course the painful steps to recover lost ground.


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs29.postimg.org%2Fnf1exsbgz%2FIMG_0179.jpg&hash=5c0d03f8c6d1028752e9615ccc495540) (http://postimg.org/image/nf1exsbgz/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 24, 2015, 09:31:45 AM
In a bit of a pickle

I have been caught out with my USDJPY Buy trades given the strong appreciation of the Yen and a weaker USD. On the Daily the pair has now broken the 200 SMA which is normally a sign to start selling.

Have managed a few Sell trades to capture some profits as the pair hurtled down and the DD is still very manageable. So I will stick it out as I still expect the USD to strengthen again in the longer term.

In the meantime the USDCAD has resumed its uptrend and so I have a Buy Limit order in waiting for the next pullback.

And my USDJPY SET file running on the FX Autotrader Elite has at least picked it correct and is doing nicely.

And please don't forget the final webinar on Profitable Forex Strategies, this coming Saturday at 10am GMT.


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs13.postimg.org%2Fk082fveyr%2FFBPost24aug15.jpg&hash=d278130df1138e9f71dad89686925727) (http://postimg.org/image/k082fveyr/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 25, 2015, 06:30:39 AM
That was steep!

The USDJPY plunged last night.

The steepness of the plunge reminded me of the scenic railway at Katoomba which we visited last week - the world's steepest.

A pretty good comparison, equally scary.

So far I am down about 350 pips on my Buy trades but I have made 150 pips on Sell trades. So still in control and ready to make more Sell trades - lying in waiting for another plunge.


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs9.postimg.org%2Frqrpnw0i3%2FFBPost25aug15b.jpg&hash=1141fb0f099d6507f698f8761cc75bdb) (http://postimg.org/image/rqrpnw0i3/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 26, 2015, 08:51:38 AM
Ready for the Aussie again

Some time ago I pointed out that the AUDUSD was approaching a long term trend line Support from 2001 at around 72 cents and so I stopped trading that pair to see whether it would bounce or break through.

Given the gyrations this week, the pair has at least pierced through Support and I have had a couple of small Sell trade wins. I will continue trying Sell orders, but cautiously for a while to make sure that Support has now indeed become Resistance.

In the meantime I continue to battle the recalcitrant USDJPY pair. I have now totally hedged it at a net losing position while I wait to see what the new trend is going to be; after which I will slowly unwind the losing side of the hedge.

And don't forget to beat the price rise for the FX Autotrader Elite due in September (refer Post of August 16).

http://click2go.me/fxautotraderelite


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs8.postimg.org%2Flq158x5kh%2FFBPost26aug15.jpg&hash=bb8dcbcbf3e0f2ddd8a8825356fdbd64) (http://postimg.org/image/lq158x5kh/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 30, 2015, 05:24:22 AM
On 29 August we recorded our final webinar in the Series on Developing Profitable Forex Strategies.

In it we reviewed the back test performance of the six strategies we created and optimised.

We also described the many and varied ways in which you can use the standard indicators to automate strategies using the FX Autotrader Elite.

These include using MAs to signal candlestick patterns like engulfing and dojis. And how to use RSI or MACD to automate overbought/oversold strategies. And even how to use the scale-in and basket management features for limited grid trading and/or limited martingale type scale-ins. And we show you how you can use the Autotrader in a semi-automated way - as a signal alert and trade manager once you have accepted the alert and made any necessary adjustments to trade management conditions.

Lastly we have introduced a special offer, only valid till 13 September, to mark the conclusion of this webinar series.

We had a slight glitch with the webinar recording so please fast forward to about 5 minutes into the recording for the actual start.

The Special Offer is made at the end, about 55 minutes into the webinar recording.
https://attendee.gotowebinar.com/recording/8078260732197243137



(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs13.postimg.org%2F4df90osb7%2FFBPost30aug15.jpg&hash=38cb92c2236709a8847b2cba392fdb5d) (http://postimg.org/image/4df90osb7/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 31, 2015, 10:28:07 AM
Keeping it simple

We often see charts with a myriad of indicators all purporting to help identify the best entry point. Very messy.

And do more indicators mean better results? Rarely in my experience.

The chart below shows the analysis of a 43 months back test for a strategy that uses just RSI to signal Buy or Sell.

The real work lay in using scale-ins and optimised trade management settings. A return of just under 40% pa with profit factor of 1.8 and draw down of only 9%.

All possible and easy to do with the FX Autotrader Elite.

Please see previous Post for Special Deal on the Autotrader.

http://click2go.me/fxautotraderelite


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs18.postimg.org%2Frcaj9t7ad%2FFBPost31aug15.jpg&hash=ffb4ec47aca3168ef83db72440d8b4e8) (http://postimg.org/image/rcaj9t7ad/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 02, 2015, 07:44:43 AM
Here's hoping

As mentioned in two of my Posts last week, I am stuck with some losing Sell trades on the USDJPY, which I hedged. I have offloaded some parts of the trades at small losses (while making some small gains on AUDUSD and NZDUSD) and am now net Buy again on USDJPY.

The chart below shows what I am hoping for. Price to finally break through the 200 SMA again and then through the Resistance at around 121.8. Note how it skirted the 200 SMA for a while - red rectangle.

Hoping is not a very technical thing to do, but then again we are only human and humans can hope. And having a sense of humour always helps.   :)

http://click2go.me/fxautotraderelite

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs4.postimg.org%2Fqtofpy1jd%2FFBPost2sep15.jpg&hash=6803c548913eff5b5f09b3c3a2e233e9) (http://postimg.org/image/qtofpy1jd/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 03, 2015, 12:16:47 PM
Hope is sometimes rewarded

... at least for a while.

The UDSDJPY did move in the direction I was hoping for, as per yesterday's Post, and has broken the 200 SMA; which it is/has re-tested.

In the meantime I made a couple of wins on the USDCAD which is now continuing its upward move and well above the 1.3 level which is a major Support/Resistance line on the Monthly. And which provided the trigger for me to go long on this pair; buying on the dips.

All food for thought for future strategies with the Autotrader.

http://click2go.me/fxautotraderelite


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs27.postimg.org%2Fr5ouf87fz%2FFBPost3sep15.jpg&hash=3be4dd6cdbaa59e33b04cb2e6ed5154b) (http://postimg.org/image/r5ouf87fz/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 07, 2015, 08:11:31 AM
Time is running out

....to get your copy of the Autotrader at current price.

http://click2go.me/fxautotraderelite


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs27.postimg.org%2Fxdghvpy1b%2FFBPost30aug15.jpg&hash=271b829343b4096027860628a1985467) (http://postimg.org/image/xdghvpy1b/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 09, 2015, 09:17:18 AM
Is the Autotrader something for you?

It took me a long time to work out how to develop FX strategies that are profitable. Now I run a portfolio of strategies with strong trade management that ensure I meet my number one trading rule....don't lose your capital.

But better than that, I can easily and quickly optimize my strategies as required to reach my profit targets. As everyone knows, market conditions change over time, so a system that enables you to review, test and amend strategies is essential to making money in FX.

The days of the limited 'Black Box' EAs are GONE!.

You will have seen the flexibility and features of the FX Autotrader Elite software in the recent Donna Forex webinars series.

And even more importantly, for everyone who is wanting to make money out of FX....it is REALLY easy to use and runs on AUTOPILOT

This is the trading software I use every day, and I just wanted to give you a heads-up that the price is going up from $197 to $297 as of 14th September.

Once you have FX Autotrader Elite you will always receive all the updates and enhancements I make to the EA....LIFETIME FREE UPDATES.

In fact I have a new Volatility Based trade management system being added in the next month to give you a more responsive and dynamic system that is automated for you.

Grab your copy now at http://click2go.me/fxautotraderelite

As a special Bonus, if you buy before the 14th September I will also add
•   Three EXTRA Bonus Set files from the most profitable strategies tested during the Donna Forex webinar series
•   Personal help with backtesting and optimizing one of you own strategies....that is Worth the Price alone!

So if you are serious about trading FX then now is a good time to take that next step!

This EA integrates a range of indicators and trade management options to make sure you get the best results from you trading.

Check out the product specifications at the Product Specs tab on the FX Autotrader Elite web page http://click2go.me/fxautotraderelite

Happy Trading

Andrew Peters

P.S. Don't forget the price increases to $297 on 14th September. Get this EA now http://click2go.me/fxautotraderelite and save yourself a $100.
Title: Re: FX Autotrader Elite
Post by: Maxi97 on September 10, 2015, 01:36:14 PM
Can anyone else post to this thread?  :)  :)  :)

Just wondering if any traders have acquired this EA and what their experiences have been so far ...
Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 11, 2015, 09:03:23 AM
Last chance

This Sunday is your last chance to get the FX Autotrader Elite software for only $197!

After Sunday, this versatile and practical FX trading software will increase to $297.

Get this EA now at http://click2go.me/fxautotraderelite

As a trader I have found versatility to be the foundation of any profitable trading strategy. Versatility in indicators and entry and exit signals  AND versatility in the range of risk management tools to ensure more profitable results.

Being able to optimize a strategy will make all the difference between success and failure....and with the right tools that just got a lot easier.

Just to let you know what you will be getting for your $197:
   
Of course if you are already making good money out of FX Trading using your own systems....that's great.

But if you still want to ramp up your trading strategies or kick-start FX trading as a new venture, now is the time to act.

To get your copy of FX Autotrader Elite now....before the $100 price rise, go to  http://click2go.me/fxautotraderelite

Happy Trading

Andrew Peters

P.S.You get instant access to FX Autotrader as soon as you sign-up. Don't wait until Monday !
Title: Re: FX Autotrader Elite
Post by: energetic on September 14, 2015, 09:01:57 AM
just catched the last chance to take the $197 offer :)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 14, 2015, 09:09:00 AM
Quote from: energetic date=1442217717 link=msg=346667

just catched the last chance to take the $197 offer :)


You did indeed. That was close!   :)

It's now at $297
Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 16, 2015, 08:03:09 AM
An Asian Yen counterpunch?

I have been looking a lot at the USDJPY chart for obvious reasons as I try to extract myself from a losing position.

One thing I have noticed is the fairly regular counter punch that occurs on this pair when Tokyo opens. This is shown by the red lines on the chart. Note how at around that time, price reverses.

Something to exploit? Using the Time Filter and SMA1 shifted crossovers, should be programmable on FX Autotrader Elite.

http://click2go.me/fxautotraderelite

Counter punch trades are well known for the European to US sessions where the price trend is often reversed when the New York market opens.


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs18.postimg.org%2Fw7fkjlgvp%2FFBPost16sep15.jpg&hash=0ee8608e2d91adeafacfe8fd0fa7de8c) (http://postimg.org/image/w7fkjlgvp/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 17, 2015, 09:16:35 AM
Nothing is foolproof

Just to demonstrate that no pattern is a guarantee of success, today's action on the USDJPY demonstrates that nicely.

On the chart below I have placed the yellow line at today's Tokyo open, and price did not really revert. As they did on most previous days with lines shown in red.

However, a second observation is that when the reversal does take place at the Tokyo open, the Stoch 14,3,3 is also at an extreme. Which it was not today.

So there is a good excuse! Or a pointer.

When using FX Autotrader Elite, RSI 5 is not a bad surrogate for Stoch 14,3,3

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs24.postimg.org%2Fmr18nef29%2FFBPost17sep15.jpg&hash=d0d8970c19525b942649e0c90ce48b20) (http://postimg.org/image/mr18nef29/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 28, 2015, 09:32:01 AM
Repelled by the 200 SMA

The 200 SMA is used by many traders as a S/R line.

In the case of the USDJPY on the H4 chart it has again performed that function, repelling the pair from moving higher after breaking out of the triangle.

Note also how the 200 SMAs on the H4 and Daily are converging at this time providing an even stronger resistance area. (A 200 SMA on the Daily is the same as a 1200 SMA on the H4 chart; there are 6 H4 bars in a day.)

With the FX Autotrader Elite you can set multiple MA crosses including on different timeframes. But to make it easier to keep an eye on the entry trigger conditions on the one chart, you can also use the approach mentioned above.

Close by there is also a strong S/R line from previous highs and so we will need to show a bit more patience before taking a trade on this pair.


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs14.postimg.org%2Fvh0hqrj0t%2FFBPost28sep15a.jpg&hash=d73a6435eab049816d8d87a047e71f0c) (http://postimg.org/image/vh0hqrj0t/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 29, 2015, 08:58:52 AM
Sentimental trading

There is a story that a fund manager at a large FX brokerage firm had a simple entry and exit strategy.

Enter a Sell when 75% or more of MT4 traders are Long; and vice versa. And exit when the % reverses.

This is based on sentiment indicators like that at
http://www.fxblue.com/connect/connect.aspx   Go to the Trader Sentiment tab
(Hopefully the DF police will let me keep this url in the Post!   :) )

I tested that out on the USDCHF last night, and it worked!

Entered where shown on the chart when sentiment was 75% Long and I exited when the trade hit my bottom trend line. Sentiment was still high for Longs (about 70%) but I was happy with profit made; sentiment has now slipped to about 60% Long.

Since I started looking at this, no other currency pair has reached a 75% level, so maybe we can't expect too many trades this way. 

Guess we could always automate something like this?



But supports the fact that some 90% of traders lose.
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs8.postimg.org%2Fxkgm0zjzl%2FFBPost29sep15.jpg&hash=571241856e4e66d01298443ac983bb79) (http://postimg.org/image/xkgm0zjzl/)
Title: Re: FX Autotrader Elite
Post by: dutchie on September 29, 2015, 03:10:34 PM
Quote from: diyforexskills link=msg=347356 date=1443513532

Sentimental trading

There is a story that a fund manager at a large FX brokerage firm had a simple entry and exit strategy.

Enter a Sell when 75% or more of MT4 traders are Long; and vice versa. And exit when the % reverses.

This is based on sentiment indicators like that at
http://www.fxblue.com/connect/connect.aspx   Go to the Trader Sentiment tab
(Hopefully the DF police will let me keep this url in the Post!   :) )

I tested that out on the USDCHF last night, and it worked!

Entered where shown on the chart when sentiment was 75% Long and I exited when the trade hit my bottom trend line. Sentiment was still high for Longs (about 70%) but I was happy with profit made; sentiment has now slipped to about 60% Long.

Since I started looking at this, no other currency pair has reached a 75% level, so maybe we can't expect too many trades this way. 

Guess we could always automate something like this?



But supports the fact that some 90% of traders lose.
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs8.postimg.org%2Fxkgm0zjzl%2FFBPost29sep15.jpg&hash=571241856e4e66d01298443ac983bb79) (http://postimg.org/image/xkgm0zjzl/)


Like to see what happens with this strategy on the long term.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 01, 2015, 05:16:31 AM
Quote from: dutchie date=1443535834 link=msg=347367

Quote from: diyforexskills date=1443513532 link=msg=347356

Sentimental trading

There is a story that a fund manager at a large FX brokerage firm had a simple entry and exit strategy.

Enter a Sell when 75% or more of MT4 traders are Long; and vice versa. And exit when the % reverses.

This is based on sentiment indicators like that at
http://www.fxblue.com/connect/connect.aspx   Go to the Trader Sentiment tab
(Hopefully the DF police will let me keep this url in the Post!   :) )

I tested that out on the USDCHF last night, and it worked!

Entered where shown on the chart when sentiment was 75% Long and I exited when the trade hit my bottom trend line. Sentiment was still high for Longs (about 70%) but I was happy with profit made; sentiment has now slipped to about 60% Long.

Since I started looking at this, no other currency pair has reached a 75% level, so maybe we can't expect too many trades this way.  

Guess we could always automate something like this?



But supports the fact that some 90% of traders lose.
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs8.postimg.org%2Fxkgm0zjzl%2FFBPost29sep15.jpg&hash=571241856e4e66d01298443ac983bb79) (http://postimg.org/image/xkgm0zjzl/)


Like to see what happens with this strategy on the long term.




And so would I...

Here is one that did not work...

In my Post of 29 Sep I described a strategy reportedly used by a fund manager at a major broker.

The example shown then worked nicely. I also had a small win on a EURCHF pair but this one on EURGBP is not playing the game.
Currently some 60 pips into the red.

We'll keep checking. As I said before a 75% sentiment does not occur that often.

The sentiment indicator shown is available for free from fxblue.com


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs24.postimg.org%2Fi19nlfkwh%2FFBPost1oct15.jpg&hash=92a539df0da5bc8b7dbb6965c6fa639d) (http://postimg.org/image/i19nlfkwh/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 02, 2015, 07:49:05 AM
USDJPY still caught

I lost a fair bit of money on this pair on my manual trading after the Yuan devaluation and the stronger yen that followed. It has been in a triangle ever since.

In my Post of 28 Sep, I used a 1200 SMA on the H4 chart to depict the 200 SMA on the Daily.

By now the 200 SMA H4 has crossed the 200 SMA Daily downwards so on that crossover, we should expect a breakout to the Sell side.  (Easily set in the FX Autotrader Elite if you wanted to have a simple strategy like this.)

hhmmm.... I guess we need to wait till NFP tonight to see what happens.

A higher than expected reading would raise expectations of a rate hike in the US, and hence a stronger USD, and hence we should then get a break out of the triangle on the Buy side.

I am going to wait and see.

My UJ SET file on FX Autotrader Elite running on M30 has been trading this pair since 2 August without success. 60% winners but a DD of just under 8% at this stage. The three year back test results are positive but we are currently struggling as the pair is contained in the triangle.


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs24.postimg.org%2Ftph4d91rl%2FFBPost2oct15.jpg&hash=f825f6c229ebf4fc2b70824ba9b743c5) (http://postimg.org/image/tph4d91rl/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 03, 2015, 06:29:33 AM
Back in the box!

It is almost comical to see how, whatever is thrown at it, the USDJPY is forced back into its triangle.

Last night the worse than expected NFP data sent the USD tumbling and hence the USDJPY down, but it was not long before whoever has control, placed it firmly back in its place.

Inside the triangle. And so we wait some more.

I also took another look at the USDJPY M30 SET file results I mentioned yesterday and observed that the culprit for the poor performance was the Initial trade; the re-entry trades are profitable. Since the lot size ratio for these two trades are currently 3:1, I should reverse that and set them at 1:3. We'll see.


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs1.postimg.org%2F7umadud6z%2FFBPost3oct15.jpg&hash=470d6d9bfbf700d9ff323d068f7a1676) (http://postimg.org/image/7umadud6z/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 15, 2015, 05:43:00 AM
Out of the box with Regular and Hidden Divergences

It is always easy to point out technical setups after the event; so that is what I am doing!

Because it provides a good illustration of the two types of divergences.

In the case of the USDJPY H4, the pair had been in a triangle for a long time but has now finally broken out - to the downside.

So the cross of the 200 SMA H4 with the 200 SMA Daily (= 800 SMA H4) did prove to be "correct".

And in conjunction with that we also had two bearish divergence indications - a regular one first; followed by a hidden divergence.

All as shown on the chart.

I admit that I did not trade these indications having decided to let this pair go after a largish loss on a manual initiated trade. But maybe I should have had the courage to do so.

Of course FX Autotrader Elite always has the courage to take the trade; because it is a slave to what is programmed, not to its fears and emotions, which it lacks!   :)

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs30.postimg.org%2Fz1ws5xn0t%2FFBPost15oct15.jpg&hash=fb2e77371e802f75003ab2010937c22a) (http://postimg.org/image/z1ws5xn0t/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 16, 2015, 07:05:39 AM
Fib retracements clouded by News

Trading Fibonacci retracements, and/or extensions, is a popular methodology.

Can often work quite well but the rhythms are susceptible to news announcements as is evident on this chart of the GBPUSD H4.

(If you looked back at this chart a year from now and was not familiar with the news announcements that occurred during that period, you would be forgiven to think that the Fib retracements are totally unreliable.)

The main Fib levels are depicted by the white rectangles and we can see that price was indeed influenced by these levels.

But there were some sharp deviations. The big one down from the 38.2% level was some poor manufacturing data out of the UK; but followed by a strong move back up because of dovish FOMC statement.

The flip at the 61.8% was again some poor UK CPI data followed quickly by poor US data which pushed back the expectation of a US interest rate hike and hence a continuing weaker USD.

And so we could go on...

The point is that if we choose to use technical analysis to guide our trading we need to decide whether news induced fluctuations are fundamental and trend changing, or just noise that we have to live with. And if so, we need to set our SL with wide enough margins to cope with the fluctuations.

When using FX Autotrader Elite we can do that by using dynamic-based exit conditions rather than hard SLs.


PS Just for interest, I have also shown another hidden bullish divergence which would have justified going long on 12/13 October. Refer also yesterday's Post for divergences.


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs9.postimg.org%2Fw9t0ngu9n%2FFBPost16oct15.jpg&hash=84ff3d85515f3367dcc04f8806f8a03a) (http://postimg.org/image/w9t0ngu9n/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 21, 2015, 07:32:46 AM
A long term perspective

As mentioned in the Post of 19 October on my Facebook page, the USD should be strengthening according to ElliottWave International. And so the EURUSD should start to fall.

If we look at the Weekly chart, we can see there was a bullish divergence from late 2014 till early 2015 at which point the EURUSD did rise.

And now if we look at the RSI, we can see a double top is in place. If RSI breaks its upward trend line the EURUSD would indeed be declining.

Of course one could also describe the RSI configuration as an inverted Head and Shoulders, in which case price should move up.

It's all about the inexact science of trading.

But I do make use of analysis like this to see if and how I might intervene on any of my FX Autotrader Elite strategies or indeed other EAs or signals that I may be following.


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs4.postimg.org%2F70iv389g9%2FFBPost21oct15.jpg&hash=7f7538abaa409e9c960729fe0109dd30) (http://postimg.org/image/70iv389g9/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 23, 2015, 05:57:07 AM
Draghi obliges

In my Post of 21 October I pointed out that we had a double top on the RSI of the EURUSD Weekly, and that hence the pair should go down. In line with EliottWave prediction. And the shooting star candle.

Well Draghi, of the ECB, obliged by being very dovish and so the EURUSD plummeted and the RSI 5 broke through its upward trend line.

Another win for technical analysis, ably supported by good fundamental announcement! What a team!

The only shame is that my grid basket is stuck and was too full and so I could not afford the risk of an extra entry given the margin level I am at. A good reason to keep one's manual and EA-generated trades in separate accounts.


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs27.postimg.org%2Fi41wjxstr%2FFBPost23oct15.jpg&hash=5c89130aa45173adbe9ca4a4d4045f78) (http://postimg.org/image/i41wjxstr/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 27, 2015, 06:15:54 AM
http://www.fxautotraderelite.com/

Partial Profits pitfalls

Taking partial profits as a trading strategy sounds attractive but can be costly.

I have a good example. With one of my FX Autotrader Elite strategies the EA takes a partial profit of 80% at 50 pips in profit. SL is set at 40 and final TP at 140. Only trades two days a week. It has a BE and a TS.

However after 6 months of trading this strategy has gained 682 pips but has lost 10.6% or about $1000. 58% of trades were winners.

The reason - all losing trades are at full lot size while the best winning trades, the ones that go to 140 pips are only at 20% of the original lot size.

So now I will run the EA with partial close removed. And if I remember I will report back on this one in 6 months' time.


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs8.postimg.org%2Fmzaiu97jl%2FFBPost27oct15.jpg&hash=ae5d380c3819abefb28030623307f69d) (http://postimg.org/image/mzaiu97jl/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 02, 2015, 07:29:49 AM
Buy on dips - but when?

As I try to wind my way out of a precarious basket, I like to keep my eye on what others are saying.

In that respect a respected FX commentator and instructor regards that a Buy on the dip of the USDCHF could be the long-term trade of the decade. (View the Monthly chart to see why he might say that.)

But when is the dip complete?

On the H4 chart we can see that we have had a dip as "foretold" by divergence and so the question is whether we should enter a Buy when price breaks the downward sloping trend-line.

Or do we wait till it dips to the round number at 0.98 or even the 200 SMA? Or do we look for Fib retracement levels?

All good questions. If the long-term opportunity is considered a sure bet, then the answer depends, in part, on one's risk appetite; and fear of missing out. Then again, if it is indeed a long-term thing, then there will be plenty of opportunities to "buy the dip" in the future as well.


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs16.postimg.org%2Fgzh2hv4ch%2FFBPost2nov15.jpg&hash=f46864a3ddf1c907db469058b98ecc2d) (http://postimg.org/image/gzh2hv4ch/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 04, 2015, 05:43:03 AM
Are we ready?

In my Post of 2 November I wrote about the trade of the decade as described by one commentator and wondered when we might enter it.

Our first opportunity has presented itself with a break of the trend-line and a small retracement.

On the H1 chart the Bollinger Bands are curling up tight suggesting an imminent breakout. The RSI divergence on the H1 would suggest a breakout downwards; and that could result in a re-test of the broken trend-line which coincides nicely with the 200 SMA as Support.

But the H4 is agnostic on this issue so I have placed a Buy Stop above the top BB. Alternatively I could have placed a Buy Limit on the 200 SMA price level. Or I could do both.

Let's see what happens.

In the meantime the TLB SET file for the EURUSD H1 which was provided to purchasers of the FX Autotrader Elite during the webinar series in August, has been going nicely. As has the FX Iota on the AUDNZD H1 which is part of the FX for Me program.

http://www.diyforexskills.com/


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs14.postimg.org%2Fn58lmbjb1%2FFBPost4nov15.jpg&hash=1c732d32b97bb1e4685d185353adfaf6) (http://postimg.org/image/n58lmbjb1/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 05, 2015, 07:35:53 AM
Divergence trading

Spotting divergences between price and RSI can be quite rewarding in picking trade reversals. Of course, not foolproof as there will always be some false signals.

So combining divergence with say Fibonacci could be helpful.

The chart below is a nice example of that. A divergence-indicated reversal occurring on the 50% Fib retracement.

Also in this case we had a repeat divergence, indicated with the white squares followed by the yellow squares.

I did not take the trade as I was concerned as to what Yellen's testimony might do to the USD. Obviously I should have taken the trade but unfortunately we can't turn back the clock!

My USDCHF trade (refer yesterday's Post) was triggered last night. Let's see how far it goes.


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs7.postimg.org%2Fjo6d92cav%2FFBPost5nov15.jpg&hash=4dba5be68842a5146d3ce7963d25f55d) (http://postimg.org/image/jo6d92cav/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 06, 2015, 06:33:31 AM
Double Top?

When you want a currency pair to move in a one or other direction it is easy to find confirmation signals. But are we just fooling ourselves?

I would like the GBPUSD to continue down after last night's pounding and on the Daily I can see that a double top is in place. So that would be helpful. Price and RSI have also broken out downwards from triangles formed on the Weekly chart.

But I am also aware that price is now sitting on a big round number, 1.52, which could provide Support.

And as we would all say, tonight is NFP, so who knows what will happen. Given the parlous state of the GBPUSD basket/grid that I am trapped in, I am going to be fully hedged and leave additional trading decisions till after the dust has settled.

Hopefully my "trade of the decade" (refer Posts of 2 and 4 November) will move further into profit.


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs30.postimg.org%2Fpk3pafiyl%2FFBPost6nov15.jpg&hash=078604029e9416c684c2683336141390) (http://postimg.org/image/pk3pafiyl/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 10, 2015, 06:39:26 AM
Where to now?

As per Post of 6 November, the GBPUSD did break down further thanks to positive NFP numbers and the consequent expectation of a rate hike by the Fed in December.
And true to form the fall did go as far as it should have based on the double top pattern!

But that was the easy part. The question now is where to from here. Obviously we needed some retracement which we have had; but how far? (I made some nice profit on a Buy trade Monday morning but then lost most of it on a second Buy trade which was spiked out at a loss. Damn.)

We did get close to the 1.5000 which should be a good Support and we are in the bottom third of the GBPUSD multi-year range.

And if we look at the Daily chart, we can see that a descending wedge has formed and we do have a bullish divergence in place between price and both RSI 5 and RSI 20.

So despite the expectation of a US rate hike and hence a stronger USD leading into December, and hence falling GBPUSD, we could well see a decent reversal to somewhere around 152.5??


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs3.postimg.org%2Fjlwhzwx7z%2FFBPost10nov15.jpg&hash=d66181fee450e1478e358a37f65524e6) (http://postimg.org/image/jlwhzwx7z/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 11, 2015, 07:32:19 AM
So far so good

Continuing with the GBPUSD I have refreshed the Daily chart to show the descending wedge more clearly and suggested how the pair might move over the coming weeks if indeed it follows the script for a wedge.

The bullish divergence pattern is also still in play and so a nice little profit so far on the day's move. There is a 50% Fib retracement level at 1.525 where my Sell Limit lies waiting to strike. The 61.8% retracement also falls within the wedge confines. So we can take our pick - aggressive or conservative.

Tonight's UK data will show whether this analysis is on track or not.

http://www.diyforexskills.com/


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs1.postimg.org%2Foejqwet7v%2FFBPost11nov15.jpg&hash=6987c410362b1c2eb98ca902c327d092) (http://postimg.org/image/oejqwet7v/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 13, 2015, 06:53:47 AM
One more push?

The GBPUSD almost reached the 50% Fib retracement, formed a double top on the H4 chart and is currently drifting lower. And there is a small bearish divergence.

So will we have one more push higher on the back of more economic news out of the US tonight, or will we sink for a while?

It's Black Friday so I am having a bet each way - a Sell Limit order above and a Sell Stop order below. In other words, I have no idea at this stage. But I know what I would like. A pity Christmas is still six weeks away.


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs23.postimg.org%2Fasi7zek13%2FFBPost13nov15.jpg&hash=c59fc95d73a604d9667e95e4388fe7c1) (http://postimg.org/image/asi7zek13/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 20, 2015, 04:22:18 AM
So far so good... cont

In my Post of 11 November I suggested how the GBPUSD might travel if indeed it is caught in a descending wedge.

So far my suggestion is playing out. The retracement has reached the 61.8% Fib as well as the 200 SMA. And the divergence between price and RSI is still in place.

I have improved my horribly gridlocked trades but nowhere near as much as I would have liked. So will need more conviction on the next leg down.

One would assume that that would be instigated by the Fed's raising of the US interest rate but that is still some three weeks away. So will we tread water for a while or continue up and break the wedge?


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs16.postimg.org%2F5bfutj1oh%2FFBPost20nov15.jpg&hash=498e0becf7f9b8479af58d0b05a97d43) (http://postimg.org/image/5bfutj1oh/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 24, 2015, 07:29:40 AM

Only a little bit correct

In yesterday's DIYforexskills Facebook Post I suggested a short squeeze trade might play out on the GBPUSD.

A few minutes after posting that, the pair dropped considerably leaving me with egg all over my face.

But then overnight a short squeeze did happen from deeper down and almost reached my Sell Limit order - missing by some 26 pips. Damn. I can't seem to win a trick with this pair at the moment.

So am I trying something different in the belief that the major trend is still down. I have now applied my Trade Manager to take scale-in trades every 12 pips with TP of 10 pips, no SL. So many opportunities to make small gains and if the pair reverses I should only be left with one wrong trade.

http://diytrademanagerplus.com/ , the companion product to FX Autotrader Elite.



(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs11.postimg.org%2Fo7lmo1n8v%2FFBPost24nov15.jpg&hash=9f22fe776551181cd87bcab7b77af772) (http://postimg.org/image/o7lmo1n8v/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 25, 2015, 07:19:08 AM
It worked!

Some success at last. With the use of my Trade Manager I managed to collect six winning Sell trades at 10 pips profit each as the pair fell from 1.513 to 1.505 overnight.

A slow drift upwards again during the day and now ready for another drop overnight.

With the big round number of 1.5000 in sight, there may well be some profit taking should price drop that far; so getting ready to close some long held Sell trades at a good profit and hope for the bounce back up as traders take their profits.

And my FX Autotrader Elite will be waiting to open some Buy trades on the cross of the 13 and 21 EMAs when that happens.

http://www.fxautotraderelite.com/


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs8.postimg.org%2F5hsyer2nl%2FFBPost25nov15.jpg&hash=5983840495b981b6ddd729426ee4b5ba) (http://postimg.org/image/5hsyer2nl/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 27, 2015, 04:57:12 AM
Triangle breakout forming?

I only collected a few more Sells before the GBPUSD moved up again. Refer Post from 25 November.

It now looks to me as if we have formed a triangle, usually a continuation pattern, and so in theory the pair should move down out of the triangle by the same distance of its base - that is, 100 pips.

That would take it to a bit under 1.5000, the big round number which should serve as Support at least for a while.

Note that we have also had a price-RSI divergence preceding the major downturn as shown by the green and red arrows. Always nice to have theory confirmed.

GBPUSD reached as low as 1.4 in 2001 and 2009. Will we get a repeat?


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs4.postimg.org%2Fhrjgkvvih%2FFBPost27nov15.jpg&hash=b4de952274180ae2e2e9311e56fb7221) (http://postimg.org/image/hrjgkvvih/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on December 01, 2015, 10:51:11 AM
Going to script

In my Post of 11 November I pointed out a descending wedge and how the GBPUSD might travel within that wedge.

We have now completed the next leg down as anticipated in my Post of 27 Nov (an 80 pip move instead of the text book 100 pip, so not bad), and are heading back up.

Should the uptrend reach the monthly pivot at 1.515 or so, we could either shoot up further; or a Fed rate hike could force a last leg down before a final rise.

The price-RSI bullish divergence is still in place. It has been going for quite a while.

FXAE has been doing nicely taking small profits up and down using 13 and 21 emas and the scale-in feature of the EA.


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs1.postimg.org%2Fq08u327qj%2FFBPost1dec15.jpg&hash=fc1174ab15d27909e81c50b6b2e64a3a) (http://postimg.org/image/q08u327qj/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on December 10, 2015, 07:06:23 AM
Another swing

The GBPUSD has continued its moves within the descending wedge but the wedge appears to be tightening at the top.

We should expect another leg down given the impending US rate hike and supported by the hidden bearish divergence visible on the H4 chart (not shown); down to about 1.4850, the bottom of the wedge and an area of previous support.

But longer term the regular bullish divergence is still in place so come the new year one would expect the GBPUSD to begin a longer term rise. So I am keeping my negative long trades open for a while longer and placing a pending Buy order at around 1.49

Time will tell whether that is the right decision.

In any case it is nice to see FXAE raking in the scale-in profits as we go up and down. (see second image).


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs27.postimg.org%2Ftif4kclwf%2FFBPost10dec15.jpg&hash=feaeb8f288c8f61f45d1d5c974c7f514) (http://postimg.org/image/tif4kclwf/)



(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs1.postimg.org%2Fc80i6hrl7%2FFXAE_Scaleins.jpg&hash=8366eebeaf5ca770b96f8d13f495c855) (http://postimg.org/image/c80i6hrl7/)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on December 17, 2015, 06:20:17 AM
Survived the FOMC

Got up a few hours earlier than usual this morning (Sydney time) to watch the FOMC reaction.

Worth the effort as I was able to finally close some losing trades in profit and score some wins as it traversed some 150 pips of swing.

Am now set up nicely to take advantage of a big move up for GBPUSD; assuming it will break to the upside at some stage. Because there is not much previous activity below it.

This is best shown on the Weekly (Image attached. We seem to have lost the "imaging" facility?).
Title: Re: FX Autotrader Elite
Post by: diyforexskills on February 12, 2016, 05:52:03 AM
Wouldn't it be nice...

The image attached shows a typical performance graph for an EA - in this case a one year back test on the GBPUSD H1.

The strategy is profitable, and has been shown to be so on my live account since end November, but wouldn't it be nice if we could trade such strategies only during periods when the market was conducive to that strategy; that is, during uptrends in performance as shown by the green boxes.

Easy to do manually and I am working on a system that will do it on auto. So stay tuned.

PS I have also improved on this original SET file with FXAE.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on February 14, 2016, 06:15:46 AM
Ready to go...

In my previous Post I described how it would be beneficial to only trade an EA when it is profitable. That is when its Balance curve is in up trend.

I currently have 8 FXAE strategies running on demo since 1 January 2016 and three, including the one shown below are now in uptrend, so ready to be traded on a live account.

The image shows that the balance has broken the downward trend line so it is worth trading this strategy live now. Note also that the 2015 back test for this strategy was highly profitable (250% gain with 21% DD).
Title: Re: FX Autotrader Elite
Post by: diyforexskills on February 17, 2016, 06:32:38 AM
Whereto with GBPUSD?

Late last year I posted extensively on this pair. And while a pattern held for quite a while I was proven wrong.

I have given up trying to predict where this pair might go, so I am fully hedged and letting my http://www.fxautotraderelite.com/ strategy make me pips as we follow this pair. As per image below.

Anyone interested in a long term view on GBOUSD should check out this article by respected Think FX Analyst, Matt Simpson

http://www.thinkforex.com/newsroom/blog/february-2016/%E2%80%8Bcable-headed-towards-1-33-35-and-beyond?lang=en-US?
Title: Re: FX Autotrader Elite
Post by: 999cjb on February 17, 2016, 08:51:46 AM
Quote from: diyforexskills link=msg=352586 date=1455690758

Whereto with GBPUSD?

Late last year I posted extensively on this pair. And while a pattern held for quite a while I was proven wrong.

I have given up trying to predict where this pair might go, so I am fully hedged and letting my http://www.fxautotraderelite.com/ strategy make me pips as we follow this pair. As per image below.

Anyone interested in a long term view on GBOUSD should check out this article by respected Think FX Analyst, Matt Simpson

http://www.thinkforex.com/newsroom/blog/february-2016/%E2%80%8Bcable-headed-towards-1-33-35-and-beyond?lang=en-US?


The upcoming "Brexit" referendum is certain to bring wild and unpredictable swings to all GBP pairs for some time to come.

With this in mind I have exited from trading on all GBP pairs until well after the referendum (whenever that is) occurs.

Fortunately there are plenty of other pairs to choose from  :)

.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on February 28, 2016, 07:01:17 AM
No second guessing

One of the hardest things I find in fx trading is not to interfere in an EA that is performing well.
I broke that rule on Friday when one of my EAs opened a Buy trade on EU when I was sure the price would go down. So I closed the trade at a small loss and switched off the EA on my live account but kept it on on my demo account.

So what happened? The Buy trade did dip down but did not hit its SL and closed at some 30 pips in profit. And while I was sleeping the EA, on the demo, took a Sell trade which was stopped out by the TS at 200 pips in profit!

So my interference cost me 230 pips. Damn. Live and learn.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on March 02, 2016, 11:31:23 AM
Keeping a Floor

We have all drawn trading ranges on charts - S and R lines. But at least in my case I have never seen what might have caused those lines.

But now I have a nice example on the GBPUSD, M15 chart as shown below.

We have 3 spikes down which set the R line. And guess what; the spikes down were caused by economic data releases, but obviously there is some big money around which does not want price to break that level at 1.39, and so prices are promptly pushed back up - around 100 pips.

My EA strategy does not like it much, but that's life. Could fix that by changing the SL setting but then again the settings are based on a 5 year back test.... so leave it alone.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on March 07, 2016, 02:41:12 AM
On back testing

The usefulness or otherwise of using Strategy Tester to create SET files (using optimisation runs) and back testing is often discussed. This Post is about two key issues I have been dealing with.

By way of background I prepared 9 SET files using FX Autotrader Elite (http://www.fxautotraderelite.com/ ) with 2015 tick data. Each has over 200% return for 2015. I have been running these on demo since 1 January 2016 and since then have also looked at their 5-year back test results. Results for some of these are shown in the attached. They deal with two issues.

1. Over what period should we optimise a new strategy?

The data shows that if we create a SET file by optimising over one year (2015 in my case), then some strategies pass the five year back test; others do not. We can re-optimise the "failed" strategy using tick data from a "down" year and then re-run and we can generally achieve better results when using these re-optimised strategies over the 5-year back test period. That gives me more confidence that these strategies will perform profitably going forward.

2. Does the back test give the same result as a forward test over the same period?
In the example shown on the attached, yes it does in the sense that equity curves for the two tests are comparable over 8 weeks, so in this case we pass that test. The forward test on demo actually was a little more profitable, and I believe that that was due to using a conservative (largish) spread for back testing. Better to be pleasantly surprised that rudely awakened. In all, the three that were positive in back test were also profitable in forward demo test over same period; and the six that were negative (in DD) in back test also lost on forward demo.

I have only just started trading the currently profitable SET files (three out of 9) on a live account, so insufficient data as yet to see how live compares to demo.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on March 07, 2016, 06:40:50 AM
Soft SL and the power of the Basket

Had another good example of why a soft SL, in this case based on reverse MA crossover of 52/84 EMAs on the EURUSD M15 chart, can be better than a hard SL based on pips. Especially in volatile markets.

In the example shown we had a 75 pip spike down when we had several Buy trades open on the EURUSD M15. Normally a SL would have been placed at around 50 and all the open trades would have closed at a loss.

But because I am using a reverse crossover of MAs as the soft or dynamic SL, no SL was triggered on the spike and the Buy trades all closed in profit.

This strategy, prepared and running on FX Autotrader Elite, has shown a promising return to form after I halved the Basket TP setting from 1000 to 500 pips. As shown in the image with two successful Buy and two successful Sell trades.

The 1000 pip Basket TP was optimum for 2015 in back tests but was failing badly since Christmas. And when the market speaks to us, we have to listen and conform. Just like we did when we were children and our parents and teachers spoke.  :-)

http://www.fxautotraderelite.com/
Title: Re: FX Autotrader Elite
Post by: diyforexskills on March 09, 2016, 05:48:28 AM
Serendipity?

I was able to draw a nice channel for the AUDUSD Daily late last week, and then wait for price to reverse when it hit the top channel line.

It did just that. But why? Was it really that traders all over the world were waiting for price to hit that line and hence placed their Sell Limit orders there?

Or was it just serendipity? The fact that on that day China announced its worst trade balance for quite some time? And Australia's economy is heavily influenced by China.

Of course if the trade data had been positive, the channel would have been broken to the upside. And of course worse than expected home-loan data out of Australia today has kept the downtrend in tact; long live the power of the channel.  :)

Serendipity - the chance of making happy ends meet.

And so it pays to keep an eye on the news when placing reversal trades based on channels or Fib retracements or whatever.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on March 11, 2016, 05:03:06 AM
Circus tent

In a Post on forexlive today the authors describe the crazy moves that happened last night.

"What did the GBPUSD do during the Main Event in the EURUSD tent? The Main Event was over in the EURUSD circus tent and surely the performance there was amazing. But, what about in the other circus tents?"

Given all these shenanigans, I am happy being able to trade on autopilot with FX Autotrader Elite http://www.fxautotraderelite.com/
I have set the rules and the EA just executes them without getting totally bamboozled by the market's reaction to Draghi.

The example shown below is for one of my SET files. It finished the night positively and now waiting to see where price will end up.
The one losing trade was a re-entry trade which I could turn off but instead I have it set at a lower lot size since trends are usually closer to exhaustion after the initial break. So that worked in my favour last night.

But I'll have to think if there is a way to ensure a trade is not taken on such a sharp move. Possibly with RSI, say period 5, and restricting Sells in "oversold" territory; reverse for Buys. Something else to back test. At least the Max Spread setting ensured I did not go in on a huge spread widening.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on March 12, 2016, 07:44:46 AM
Filtering entries

In yesterday's Post I showed a losing Sell trade which was entered by my EA after a very large down candle. Not a good entry point for a Sell trade.

So I wondered how I could filter out such trade entries. (Entries with this strategy are based on two sets of MA crossovers.) And I posited (that's a fancy word for a mere colonial boy  :) ) that the use of RSI could resolve this issue.

And so I set about using the RSI filter on FXAE so as to restrict the entries with RSI (period 5) so that Sell entries cannot be entered while RSI is in oversold territory; and Buy entries cannot be entered while RSI is in overbought territory.

The image below shows the back test optimisation results for this exercise, revealing that limits of 70 and 30 for RSI period 5 are optimal for Buys and Sells respectively. We achieve almost $1K improvement in profit, and with a lower DD for the 14 months period 1 Jan 15 to 1 Mar 16. (Compare results for passes with Green and Red boxes).

And so once again it pays to observe trades made by your EA from time to time to see if there are ways of improving the strategy. And with the power of the Autotrader, that is a relatively simple task.

Next on the drawing board is to add a dynamic rather than the current static ATR-based TP and SL. FXAE already has the dynamic ATR-based TS.

Stay tuned.

http://www.fxautotraderelite.com/
Title: Re: FX Autotrader Elite
Post by: diyforexskills on March 15, 2016, 06:29:13 AM
Summing Up

In my last two Posts I wrote about a strategy that was performing well but that, on inspection, could be improved by adding an RSI filter. And I showed the back test data for that.

If we now look at the same original chart with the 4 trades, we can see how the RSI filter would have restricted that sequence of 4 trades to just one - the profitable Sell trade. Shown by the white vertical line on the image.

In the sequence of the next three trades, shown by the red vertical lines, none of these 3 trades would have been entered because the RSI was either above 70 or below 30.

These three trades included one large loss (Sell), one small win (Buy) and one small loss (Buy); overall negative. A result which demonstrates (but of course does not prove) the usefulness of the RSI filter.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on March 18, 2016, 11:30:29 AM
The power of Period 1

One of my successful strategies with http://www.fxautotraderelite.com/ is a scale-in strategy on the GBPUSD H1.

It is doing nicely but seemed to have more potential if we could trigger more re-entry trades during longish trends. That was easily fixed by using a second MA crossover where both MAs are at a period of 1 but one is applied to the close and one to the open. This results in a re-entry trigger whenever the candle reverses. As shown in the small box in the image below.

The power of one.

In the large white box in the image below the re-entry trigger had not yet been implemented so we only had one sequence of scale-in trades during that downtrend even though in retrospect we could have had a second sequence.

In the green box the re-entry trigger had been implemented and so we have had two re-entry trade sequences being implemented while the trend, signified by the 13 and 21 EMAs is still in place. And hence more profit although we still need to see how the second re-entry sequence will finish.

This SET file will soon be available to all FXAE members as a celebratory bonus.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on March 20, 2016, 05:10:09 AM
Celebration FX

The image of the almost 9-year back test says it all.

The SET file, along with back test results and suggestions, has been issued to all FXAE members as a bonus today.

So all there is now left to do is to celebrate - with this song.

https://www.youtube.com/watch?v=3GwjfUFyY6M

Enjoy.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on March 24, 2016, 09:19:02 AM
Managing Scale-In Trades

With the customisable FX Autotrader Elite EA (http://www.fxautotraderelite.com/ ) you can set scale-in trades at various pip distances from the open.

You then have the option of managing those scale-in trades individually, as per the example in my Post of 18 March, or manage them as a Basket.

In the image below we have an example of trades being closed as a Basket; and below that two equity curves for the two strategies currently running. Different pairs, different strategies and different ways of managing the scale-in trades.

But both successful in forward testing and in 5-year back tests.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on March 30, 2016, 08:14:05 AM
Having a bit of fun

When we trade with our own money we should use conservative risk settings like 1 or 2% per trade. Slow progress but more likely to be profitable over the longer term.

But when we enter a trading competition with broker's (demo) money, who cares whether we wipe the account. Nice to see some big moves in the account balance.

I am doing just that in one of these competitions with almost 2000 participants using two of my best SET files on http://www.fxautotraderelite.com/

Nice results so far after 8 days including the Easter break. More than doubled the account in 6 trading days and ranked 27 even allowing for that fact that I entered the competition one week late.

But trading at 10% risk per trade which is not what I would do with my own money.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on March 31, 2016, 10:50:33 AM
Reality Strikes!!

Good news yesterday. Shocking news today.
After making some $4K of profit on a $2.5K account in the first week of the trading competition, the market has now taken virtually all of it back. In just two days.

That's what can happen when we trade with high risk.

So in real life, as opposed to a demo competition, we would have withdrawn our spectacular $4K profit, banked an amount equivalent to our initial deposit for a rainy day, had a good celebration, and then spent the rest of the winnings on buying the holiday or thing we had long wanted or paid off some of our mortgage.

And then continued trading, sensibly with the initial deposit, or again aggressively in the knowledge that this is money we never had so if we lose it, it's no big deal.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 05, 2016, 07:33:15 AM
Wipeout!!!!!!!!!!!!!!!

Well, that was easy. Just left the very high risk settings as they were, and the competition demo account (refer previous two Posts), is now wiped out. All gone.   :(

In the meantime, the same two strategies running on my other account at normal risk is only in a 2% drawdown over that same period. As shown in the image below.

Lesson learned.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 18, 2016, 07:51:02 AM
FX Autotrader Elite – a Multi-Function Expert Advisor

…… A trader’s tool, fully customisable

Do you like to trade with moving average crossovers, on several timeframes, and perhaps with RSI or MACD as filters?

And be able to hedge, if your broker allows that?

And have great trade management features like partial closes, break-evens, trailing stop and being able to set TP, SL and TS based on multiples of ATR, either dynamic or fixed?

And be able to scale-in trades to add to profitable trades or to help offset losing trades?

And then be able to manage that basket of trades with all the features available for single trades like BE and TS and even have these functions available in pips, in dollars or as % equity?

And be able to select at what time of day and which days of the week you want the EA to operate?

The image below shows the FX Autotrader Elite in action on the GBPUSD H1
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 19, 2016, 01:08:45 PM
Powering on

A nice little run after the trade reversed from where I showed it in yesterday's Post.

A good example of how FX Autotrader Elite can re-enter trends based on just a candle reversal in a sequence.

http://fxautotraderelite.com/
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 23, 2016, 04:56:25 AM
Realistic

In my Post of 19 April I showed how the market can move in our favour if we have the right strategy.

In today's Post we can see how the market is not always favourable to our strategy - losing trades are shown with the white arrows.

However overall since I began this strategy on 1 December 2015, we have achieved a very respectable return with low DD as shown on the second image. This week's losses have made only a small dent. And we largely have the ECB spat (Draghi and Stauber) to thank for that.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 01, 2016, 06:36:17 AM
To Re-Optimise or Not

Some EA traders recommend that we continually, say monthly, re-optimise our EAs to current market conditions based on say the previous 3 months of data. As in a Walk Forward Analysis.

I have not had success with that in the past but one of our members offered to do a test with this approach using historical data. Quite a lot of work so thank you JJ.

The results are not promising as shown in the image below. The Blue bars are for the unchanged strategy month by month; the brown bars are for the monthly re-optimised strategy.

We get a better result both in terms of profit and DD by sticking with the same strategy conditions (Blue bars).

So provided that a strategy is developed based on at least 5 years of historical data (or 9 years for some!), it should be robust enough over varying market conditions, to be profitable over the longer term.

Re-optimising monthly can be a bit like a dog chasing its own tail; and never catching it.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 03, 2016, 07:48:44 AM
It's all in the slope

One of the many features of the http://www.fxautotraderelite.com/ is the ability to specify whether the slope of the fast MA in a MA crossover entry should be in the direction of the trade or not - up for a Buy and down for a Sell.

I always knew it made a difference but until yesterday I had not realised how much of a difference it can make. From highly profitable to margin call for a particular strategy involving scale-ins (one version of the GU examples that I have been showing.)

In the image below, the top graph shows the 5-year back test performance of the strategy in which the MA slope was set to False. The bottom image is for the exact same strategy and back test except that the MA slope has been set to True.

The "correct" version is one of the SET  files that comes with the purchase of the http://www.fxautotraderelite.com/
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 04, 2016, 08:05:24 AM
Small accounts

When starting, many would-be FX traders are only willing or able to commit a small balance, say $100.

With many strategies that is just too risky but I wanted to test whether the three bonus SET files with FX Autotrader Elite would work on such a small account.

Well, $100 is too small but two of the three SET files can work with a $200 starting account.

The top image below shows the EU strategy with a fixed lot size - its maximum DD over the 4 year back test was $104 and hence it could not have worked on a $100 account if you had happened to start just as that big DD began.

The second image shows the same strategy but using a 0.5% Risk based lot size - the maximum relative DD was 20% over that 4 year back test. And the profit was a whopping $25K compared to $1.8K for the fixed lot size mode. Starting with just $200 remember.

Before we get carried away with such fantastic profits we should check that the lot sizes being generated in such runs don't become totally unrealistic. I prefer to restrict lot size to 2 lots and so either take profits off the table or split the account into 2 smaller ones, perhaps with different brokers for safety.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 12, 2016, 09:45:23 AM
Spreads Matter

With two of my current FX Autotrader Elite strategies running live I have a tight BE and TS for the scale-in trades.

Running these, and earlier versions thereof, on my live Axi account has been profitable with a 3% pm return since December 2015. As shown in the image below.

But when I tested these strategies on another live account with a 1 pip higher spread (the mark-up by the IB), the strategies started to falter. Eg a win of $6 on Axi from one trade, returned a loss of $17 on the other (higher spread account).

So when trading with tight SL, BE and TSs, choose a broker with tight spreads. Or pay the price.   :(

http://www.fxautotraderelite.com/
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 17, 2016, 08:15:21 AM
Staying the Course

When we do 5 year optimisations and back tests and achieve beautiful equity curves like the top image below, we feel good and are ready to trade live with confidence.

But every now and then our live trading goes through a flat period, or draw down, and we can get discouraged. That was happening to me over the past few weeks as I seemed to wake up to a lower balance every morning. Does not look all that bad in the 2nd image, which is my live trading result for March-April 2016, but day on day I was a bit discouraged.

In times like these we need to realise that the equity curve from a 5 year back test is awfully compressed and almost looks like a straight line as a result.

But if we back test the strategy over a shorter period during a known draw down, we can see how much fluctuations we should actually expect day on day. That is shown in the 3rd image.

So nothing to worry about. Stay the course.

The strategy results shown is from one of the Bonus SET files that comes with the purchase of the FX Autotrader Elite.
http://www.fxautotraderelite.com/
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 22, 2016, 05:26:51 AM
Multiple Currency Pairs

In many cases a strategy that works on one pair will not be profitable on another currency pair.

But sometimes it is!

I tested my favourite GBPUSD strategy on the GBPJPY and wow! Great results, both on 5-year back test and on Friday's trading when the strategy performed better on GJ compared to GU.

So now for some further optimisation and reality checking.

With FX Autotrader Elite there are always so many ideas that we can explore.

http://www.fxautotraderelite.com/
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 29, 2016, 09:00:12 AM
Variable Spread

In my Post of 12 May I wrote about the impact of spreads on profitability.

But how do you keep an eye on your broker's spreads? Yes you can log onto sites like FX Blue and Forex Factory and compare spreads across brokers; or you can stare at the Symbols panel on the MT4 chart for hours on end. But recently I came across a neat indicator which monitors the spread on your charts.

As shown below. Note that the values are in points, not pips (10 points = 1 pip).

And you can clearly see why you sometimes get stopped out when price was nowhere near your SL or why your entry was so poor.

So perhaps a good idea to always have several brokers running and see which one consistently has the better spread management.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 04, 2016, 07:57:11 AM
Spread-based vs Commission-based Accounts

Commission-based accounts have a tighter spread, often about 1 pip better than spread-based accounts. So the tendency is to think that the tighter the spread the better, so choose commission-based account.

But is that really so? Depends.

Let's assume we have a strategy trading one lot at $10 a pip, with TP and SL both at 10 pips.

In the table below, first two lines, we see that trading that same strategy on both accounts, yields better results with the spread-based account. Because we don't have to pay for the commission.

To get similar results, we need to increase the TP to 11 and reduce the SL to 9 on the commission-based account. See last two lines in table below.

So yes, price has to move 1 pip more on spread-based accounts because of higher spread, but unless we change the settings to allow for the commission, which will requires an extra 1 pip move, our $ return with commission-based accounts will generally be worse.

Or simply, just remember that commission cost is about equal to 1 pip's worth.

And with the strategies I am currently testing on FX Autotrader Elite, spread-based wins hands down.
Title: Re: FX Autotrader Elite
Post by: lonewolf on June 04, 2016, 08:54:53 AM
Hello Diyforexskills,

I am confused at how 1 is better if they are both equal? Spread based you would need an extra pip in the trade to make up for not paying commision?

Commission:        Buy at 1.1200  SL 1.1190 10 pips -$100 -$10 Commission = -$110

Spread based:      Buy at 1.1201  SL 1.1190 11 pips -$110                         = -$110

Commision based: sell at 1.1200  TP 1.1190 10 pips +$100 -$10 Commision = 90

Spread based:      sell at 1.1.199  TP 1.1190 9 pips  +90                           = 90

Isn't that how it would be? Can you point out what I don't seem to understand?

Quote from: diyforexskills link=msg=355303 date=1465023431

Spread-based vs Commission-based Accounts

Commission-based accounts have a tighter spread, often about 1 pip better than spread-based accounts. So the tendency is to think that the tighter the spread the better, so choose commission-based account.

But is that really so? Depends.

Let's assume we have a strategy trading one lot at $10 a pip, with TP and SL both at 10 pips.

In the table below, first two lines, we see that trading that same strategy on both accounts, yields better results with the spread-based account. Because we don't have to pay for the commission.

To get similar results, we need to increase the TP to 11 and reduce the SL to 9 on the commission-based account. See last two lines in table below.

So yes, price has to move 1 pip more on spread-based accounts because of higher spread, but unless we change the settings to allow for the commission, which will requires an extra 1 pip move, our $ return with commission-based accounts will generally be worse.

Or simply, just remember that commission cost is about equal to 1 pip's worth.

And with the strategies I am currently testing on FX Autotrader Elite, spread-based wins hands down.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 04, 2016, 11:00:33 AM
Quote from: lonewolf date=1465026893 link=msg=355305

Hello Diyforexskills,

I am confused at how 1 is better if they are both equal? Spread based you would need an extra pip in the trade to make up for not paying commision?

Commission:        Buy at 1.1200  SL 1.1190 10 pips -$100 -$10 Commission = -$110

Spread based:      Buy at 1.1201  SL 1.1190 11 pips -$110                         = -$110

Commision based: sell at 1.1200  TP 1.1190 10 pips +$100 -$10 Commision = 90

Spread based:      sell at 1.1.199  TP 1.1190 9 pips  +90                           = 90

Isn't that how it would be? Can you point out what I don't seem to understand?

Quote from: diyforexskills date=1465023431 link=msg=355303

Spread-based vs Commission-based Accounts

Commission-based accounts have a tighter spread, often about 1 pip better than spread-based accounts. So the tendency is to think that the tighter the spread the better, so choose commission-based account.

But is that really so? Depends.

Let's assume we have a strategy trading one lot at $10 a pip, with TP and SL both at 10 pips.

In the table below, first two lines, we see that trading that same strategy on both accounts, yields better results with the spread-based account. Because we don't have to pay for the commission.

To get similar results, we need to increase the TP to 11 and reduce the SL to 9 on the commission-based account. See last two lines in table below.

So yes, price has to move 1 pip more on spread-based accounts because of higher spread, but unless we change the settings to allow for the commission, which will requires an extra 1 pip move, our $ return with commission-based accounts will generally be worse.

Or simply, just remember that commission cost is about equal to 1 pip's worth.

And with the strategies I am currently testing on FX Autotrader Elite, spread-based wins hands down.



Hello lonewolf

My point is that when you set a SL or TP of say 10 pips, then that is what you will get irrespective of account type.

So although price may have to move more or less to get there because of spread difference between spread-based and commission-based accounts, the end result is a 10 pip win or loss.

And when you get a 10 pip TP win on a commission-based account, you are hit with a $7 commission per lot. But when you get a 10 pip TP win on a spread-based account, there is no commission to pay.

And the likelihood of price moving only 10 pips rather than 11 or 12 pips to achieve the 10 pip TP on a spread-based account at any one time is from my observations, quite rare.

But if someone can persuade me otherwise, happy to hear.
Title: Re: FX Autotrader Elite
Post by: lonewolf on June 04, 2016, 11:07:59 AM
I understand that,  although 1 or 2 pips of a 10 pip trade is   10-20% of the trade, so over a number of trades I'm sure the difference would show up. 

Contemplating getting your program, will continue to watch the thread :)

Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 04, 2016, 11:48:13 AM
Quote from: lonewolf link=msg=355307 date=1465034879

I understand that,  although 1 or 2 pips of a 10 pip trade is   10-20% of the trade, so over a number of trades I'm sure the difference would show up. 

Contemplating getting your program, will continue to watch the thread :)




It's this difference that I am testing and that led to my Post. I now have the same strategy running on the two different account types, and we will see which is the winner after a month or so.
Title: Re: FX Autotrader Elite
Post by: lonewolf on June 04, 2016, 06:05:23 PM
"And when you get a 10 pip TP win on a commission-based account, you are hit with a $7 commission per lot. But when you get a 10 pip TP win on a spread-based account, there is no commission to pay.

And the likelihood of price moving only 10 pips rather than 11 or 12 pips to achieve the 10 pip TP on a spread-based account at any one time is from my observations, quite rare."



In the test will the commission based account be running with a 11 or 12 pip tp too?
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 05, 2016, 01:10:29 AM
Quote from: lonewolf link=msg=355311 date=1465059923

"And when you get a 10 pip TP win on a commission-based account, you are hit with a $7 commission per lot. But when you get a 10 pip TP win on a spread-based account, there is no commission to pay.

And the likelihood of price moving only 10 pips rather than 11 or 12 pips to achieve the 10 pip TP on a spread-based account at any one time is from my observations, quite rare."



In the test will the commission based account be running with a 11 or 12 pip tp too?


The strategy I am testing involves scaleins and has a basket TS (rather than a TP) and individual SL settings. But yes the testing will be comparing one spread-based and two commission-based settings as you suggest.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 07, 2016, 07:37:03 AM
On being in it

Trading to me is a mix of know-how, application, common sense and a healthy does of luck.

And as luck would have it, I missed out today.

In early May I decided to pause my live trading as the particular FX Autotrader Elite strategy had reached a 20% drawdown. And so I was waiting for the market to regroup in my favour. I do this by continuing to run the strategy on a demo account so that I can see when I should get back in.

As luck would have it, the GU unexpectedly spiked today, realising a multi thousand dollar profit - but only on my demo account, because I had switched off my live/real account!

You have to be in it to win it!

But there will always be a next time...  :)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 10, 2016, 07:38:50 AM
Spread-based (Standard) vs Commission-based Accounts

In my Post of 4 June I suggested that spread-based accounts may be better despite the higher spreads. Because the better spread in commission-based accounts is at least partly offset by the commission that has to be paid.

And so I set up a little experiment. Since the strategy being tested, trades frequently, I feel I have enough data after 4.5 days to show the results.

There are essentially two comparisons.

One is based on two different forms of the same strategy - one fixed pip-based setting; the other using dynamic, ATR-based TP and TS settings.

The other is testing to see whether we can offset the cost of the commission by increasing the TP setting by 1 pip, and decrease the SL setting by 1 pip on the commission-based account.

The results are shown in the image attached.

For reasons I don't understand, the commission-based account traded somewhat less than the Standard spread-based account.

But the Standard account is the clear winner as is the ATR-based version of the strategy.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 11, 2016, 07:47:23 AM
Top of the Pops

The GU and EU market livened up a little this week and two FX Autotrader Elite strategies blossomed as a result.

http://www.fxautotraderelite.com/

So we are now at the top of the leader-board on the respected EA testing site, Forex Verified, as per image below.

Or check out the site at http://www.forexverified.com/

Yes the reason for this move relies largely at this stage on one trade sequence only, but that was achieved by trading at only 1% risk. So if the spike on the GU had gone the other way, we would only have lost 1%of our account. Instead we gained over 50% ! Back tests show that these events only occur once or twice a year, but hey, if your EA can gain 50% in just one trade sequence, and at least a little during the other parts of the year, who cares if that only occurs once a year?
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 15, 2016, 07:39:06 AM
Firing again

As mentioned in my Post of 7 June, I had switched off my FX Autotrader Elite GU strategy in early May. But last week i switched it back on again as market conditions turned favorable again.

And so the strategy has been performing well since then as shown in the image below. Up 25% in about two weeks.

Most trades are closed by a tight trailing stop in this strategy. And so the strategy performs best when there are continuous small or large moves rather than "sputtering" ones where price oscillates as it moves in one direction or another.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 16, 2016, 08:36:38 AM
Three Steps

There are three steps to trading profitably with FX Autotrader Elite.

1. Back test and optimise strategy ideas and select those that are consistently profitable over at least 5 years back test with no more than 20% DD.

2. Forward test these strategies on demo for six months or so and make adjustments if required.

3. Trade the successful ones on a real account, on autopilot of course using FX Autotrader Elite    http://www.fxautotraderelite.com/

The images below show four examples of strategies that have just passed Step 2 following almost 6 months of forward tests. They make for a great portfolio with profits and DDs for each occurring at different times.

So when the Brexit saga is over and markets return to more normal, these four strategies will be added to my live portfolio.

When you have the Autotrader, you can do the same and create and run your own strategies.

Trading made easy because you can create and test when you have the time using the Autotrader with Strategy Tester and then run your chosen strategies on autopilot, any time of the day without having to be at your computer.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 17, 2016, 07:24:59 AM
Anniversary Sale

I have posted a lot about how you can use the FX Autotrader Elite to automate and improve your trading.

And now, until end of June, you can buy this fully customisable expert advisor for 30% off the regular price.

And just take a look below at how the portfolio of strategies generated with the Autotrader are currently performing. These three strategies are included in the price.

And also the other four strategies as shown in yesterday's Post.

Please visit http://www.fxautotraderelite.com/ for all the details.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 18, 2016, 07:42:48 AM
Now is a good time

With most brokers advising people not to trade next week because of the Brexit, now is a good time to try out some new trading strategies, either on demo or by using Strategy Tester.

With the FX Autotrader Elite you can do just that.

The image below shows the features that are available to you.

And you can purchase the Autotrader from here - at 30% discount and with three bonus SET files but only for a short time.

http://www.fxautotraderelite.com/

Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 19, 2016, 09:28:11 AM
Back testing with variable spread

As mentioned in my last Post, now is a good time for some strategy development whilst we let Brexit do what it will do and stay out of the market.

In the past I have back tested with fixed spread, twice what I get in real, using TickStory data feed and as launcher of MT4.

But I now see that we can use Birt's Tick Data Suite with TickStory data download, and test with variable spread, provided we have embedded the spread when down loading the tick data.

For some different results!

But how is the variable spread determined?  Is this Dukascopy's variable spread? If so, would that not differ from the broker we normally use? In my case AxiTrader?

I would be interested to hear of others' experiences and insights.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 20, 2016, 01:19:34 PM
FXAE Performance

Over the years many forumites have asked me for a link to a real/live account for strategies being run with the FX Autotrader Elite.

I never got around to doing that largely because I am an experimentalist by nature and I try out many different trading styles and strategies on my live account. Some with rather fateful consequences!!  :'(

As a consequence my live account can look confusing and discouraging.

And although I offer Bonus SET files with the sale of the product, FXAE is fundamentally a trading tool intended for traders who want to generate their own automated strategies. Hence the performance of my strategies being run with FXAE should be immaterial.

But I have finally relented (read gotten off my backside), and set up a live account which at this stage is running one of my own strategies (a slightly different version of one of the Bonus SET files).

As luck would have it of course, Axi's margin requirements for Brexit week means that I have had to temporarily withdraw most of the funds to cover my manual trading GU exposure on my main live account. And so this strategy will not be trading this week.

Nevertheless there is a few weeks worth of activity on the account, and so here is the Myfxbook verified account widget.

If you want to see some more results, being run on demo accounts by Forex Verified, you can check these out here.

http://www.forexverified.com/reports/fxautotraderelite/index.html

My live test for GU on sydap pro is the same as the GU on Test 004 in Forex Verified. As you will see, we have had an exciting time of late!

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fwidgets.myfxbook.com%2Fwidgets%2F1675402%2Fmedium.jpg&hash=426aa8b2152aeda842e3f91d6694458f) (http://www.myfxbook.com/members/sydap2003/sydap-pro/1675402)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 21, 2016, 08:54:57 AM
Moving On; Divergence


Well, since we should not trade this week, it was time to think of what else we can do with the Autotrader.

I have long been wanting to enter trades on divergence between Price and RSI, but could not do that with the current version of FX Autotrader Elite.

I can do the Price trend using the MA module and a Shift setting on one of the MAs (Price after all is same as SMA of Period 1). But defining the trend in the opposite direction on RSI was not possible.

That is until I had a sleepless night and reformulated the "Direction" component of the current RSI module.

Then an interesting exchange with my coder to try and explain my weird idea, and we now have lift off.

So in a few days I will be having fun optimising a divergence strategy with the Autotrader.

If it works as I expect, the upgrade will be made available to owners of the FXAE. At no cost as per usual.


And since there has been no trading on my live account, I invite you to check the demo trials on Forex Verified.

The market is really being kind to these strategies lately.

http://www.forexverified.com/reports/fxautotraderelite/index.html
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 23, 2016, 06:53:26 AM
Price Control

As I was sitting on the porch, whiskey bottle by my side and shotgun on my lap (like a true Tennessee hillbilly), I thought that since we can't have gun control then maybe we can have price control.....

... for semi-automated trading with FX Autotrader Elite. So what the hell does that mean?

We all know that we need a ranging strategy for a ranging market and a trending strategy for a trending market. But how do we tell our Autotrader to recognize one from the other?  So my idea, which I am having coded right now, is to have an additional Entry condition, which will work in conjunction with other entry conditions, and one which looks like this.

Price Control - true or false
Upper level - enter price , eg 1.1000
Lower level - enter price , eg 1.0500
Range - true or false (when set to true, price would have to be within the range of 1.100 and 1.0500 as an additional AND condition for Entry)
Trend - true or false (when set to true, price would have to be either > 1.100 or < 1.0500, as an additional AND condition for Entry

So with this new feature we could set up two charts, one with a ranging strategy and one with a trending strategy. Then on a daily or weekly basis depending on trading timeframe, we could set appropriate price levels as an additional entry criterion on each strategy.

Then if price stays within the band selected, only our ranging strategy will work; if price breaks out of the range, then only the trending strategy will work.

Then adjust price levels as market moves on.  And so a semi-auotmated way of trading.

And of course there will be other uses for this new feature if we use our imagination. Especially if you are looking for price action setups which may occur while you are sleeping or at work. The Autotrader can then trigger the trade and manage it with so much more than just a TP and SL.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 23, 2016, 11:55:14 AM
Surging ahead

The portfolio of strategies that are running on the FX Autotrader Elite, continues to perform extremely well under current market conditions.

The GU and EU are scale-in based strategies with fairly tight SL and very tight TS so upon a major price reversal it will be interesting to see how they respond.

The independent test results for Test 003 by Forex Verified  are in the image below.

Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 24, 2016, 06:23:49 AM
Another Winner

With the FX Autotrader Elite you can make many EAs or strategies.

I have been experimenting with a scalper type strategy on the M15 timeframe using multiple scale-ins with tight SL and TS.

The image below shows the exceptional performance of this strategy since 6 June.

And the performance of the portfolios continue to soar - see http://www.forexverified.com/reports/fxautotraderelite/index.html

(Just wished that I could have kept my live account open!!)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 25, 2016, 07:54:25 AM
Winning Ways


The performance of the three SET files/strategies that come with the FX Autotrader Elite is shown below.

As evidenced by the red boxes, most trades are closed on a TS which is set fairly tight to maximise the profits. In that sense it can be considered a scalping strategy.

However if price moves consistently in the right direction, the TPs are high. Each trading sequence for the GU and EU pairs has multiple scale-in trades. The AUDNZD trades infrequently and with only 1 scale-in.

Overall you could not ask for a better performing portfolio in these volatile times.

And of course this just shows only three of the strategies you can make with the Autotrader.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 27, 2016, 12:50:29 PM
Another nice little trading sequence of scale-in trades on the GU with the Autotrader today.

Trading on a $10K account which has already more than doubled within 2 months but lot size kept constant for conservative trading.

The Initial trade is still open and in profit as marked by the red arrow.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 29, 2016, 08:14:44 AM
Up and running again

Now that AxiTrader has restored its margin requirements my live test account is off and running again.

GU is currently ranging quite tightly so two false starts so far, but only tiny losses.

Let's see what happens as the London session gets under way.

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fwidgets.myfxbook.com%2Fwidgets%2F1675402%2Fmedium.jpg&hash=426aa8b2152aeda842e3f91d6694458f) (http://www.myfxbook.com/members/sydap2003/sydap-pro/1675402)


Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 02, 2016, 12:19:42 PM
More on Divergence

In my Post of 21 June I wrote about an upgrade to FXAE so as to handle divergence strategies.

Well, I have the new version of FXAE and the divergence setup work! Not exactly copybook style compared to drawing trend lines on Price and RSI, but it works.

After some preliminary optimisations, we have a profitable divergence strategy on the EU H1 for the first 4 years of a 6.5 year back test with 3 pips spread trading with 2% risk.

A doubling of the account in 4 years. Nothing flash but encouraging.

More importantly, more work to do to make this divergence strategy profitable in current market conditions. Makes you wonder what caused the market dynamics to change for this more recent period.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 04, 2016, 08:13:59 AM
Divergence with FXAE cont...

Have done some more work on the divergence strategy with V41 of FXAE. The challenge from previous Post was to "fix" the downtrend from 2014 to present.

We have made progress. Overall profit is well and truly up and 2014 onward is positive although the last 12 months till June 2016 are flat.

We have achieved this by moving to the M15 timeframe, re-optimising TP and TS, and using some magic with MAs and RSI for additional exit parameters.

Trading at 2% risk with max DD of 16%; pf of 1.2 and Payoff of 28.

Now let's see if we can do anything about the last 12 months. And then comes the forward demo testing. And then the real trading. And then the money rolls in...... or so the story goes.   :)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 04, 2016, 08:39:50 AM
Re previous Post on Reversal Strategy

With the help of Quant Analyser it would appear that Wednesdays are the culprit. Slightly less profit overall but profitable in last 12 months and PF, PO and DD the same.

So here is the strategy, with not trading on Wednesdays. Only 2012 was flat, but I don't expect to be trading then.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 06, 2016, 08:19:19 AM
Introducing Price Control on FXAE

The second new feature on FXAE is Price Control where we can set upper and lower price levels.

For instance, let's say we set up two charts one with a ranging strategy and one with a trending strategy.

We only want the ranging strategy to trade when price is range bound; and we only want the trending strategy to trade when price has broken out of the range.

So, when we see a ranging pattern develop, we define that range by examining the charts for strong Support and Resistance levels, and /or the top and bottom of the range. We then enter these prices, upper and lower, in the FXAE on each of the charts. On one we set the Mode to Range; on the other to Trend.

Then as long as price stays within the range, only the ranging strategy will work. When price breaks out of the range, only the trending strategy will function.

At some point we will of course have to define a new range, and enter those new levels in the Autotrader.

And so we have a semi-automated way of trading.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 11, 2016, 06:00:48 AM
Market dynamics

Over the weekend I created a great counter-trend strategy (on EU H4) using the revised features for MACD on FX Autotrader Elite. Great for 2.5 years, tripling the account at only 2% risk per trade, and then it tumbled; but started picking up again in 2015. See first graph.

Meaning that market dynamics changed markedly in 2013 as evidenced in part by the ATR dropping by about half.

Re-optimising using ATR-based settings and adding an additional two filters for the full 6 year period, we do manage to turn around the bad losses for 2013 and 2014, but at the expense of lowering profits drastically during the "good" periods. See second graph.

With the ATR now trending back to how it was in 2010 and 2011, and the equity curve moving up again, I'll keep the "good" year settings running on demo, ready to switch onto live/real account when the forward demo test has confirmed my back test results for 2016 to date.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 14, 2016, 12:49:39 PM
Love the surge

Back in 2011 I used to enjoy the MDP EA doubling my account each month for three months.

Tonight it was the turn of my GU strategy with FXAE when the BoE left rates unchanged.

From $1.3k to $2.2K in one trade sequence, on a real account, verified by Myfxbook.

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fwidgets.myfxbook.com%2Fwidgets%2F1675402%2Fmedium.jpg&hash=426aa8b2152aeda842e3f91d6694458f) (http://www.myfxbook.com/members/sydap2003/sydap-pro/1675402)

Title: Re: FX Autotrader Elite
Post by: cdorgay on July 15, 2016, 07:49:55 AM
When I am looking at systems or trading strategies, I take anything that is on a demo account and immediately discard it.  There are various problems with demo accounts.  They do not account for slippage   They are dependent on the broker that is providing the feed.  that is why I never bought FX Autotrader Elite.  All the results put forth to the public were on a demo account.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 15, 2016, 08:01:50 AM
Quote from: cdorgay date=1468565395 link=msg=356402

When I am looking at systems or trading strategies, I take anything that is on a demo account and immediately discard it.  There are various problems with demo accounts.  They do not account for slippage   They are dependent on the broker that is providing the feed.  that is why I never bought FX Autotrader Elite.  All the results put forth to the public were on a demo account.


OK, but the sydap pro myfxbook widget in the Post is a real account, verified and all. Check it out.

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fwidgets.myfxbook.com%2Fwidgets%2F1675402%2Fmedium.jpg&hash=426aa8b2152aeda842e3f91d6694458f) (http://www.myfxbook.com/members/sydap2003/sydap-pro/1675402)
Title: Re: FX Autotrader Elite
Post by: cdorgay on July 18, 2016, 05:26:59 AM
Indeed I see that.  Also I believe that I am confusing Fx Autotrader Elite with another EA that has a similar name.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 20, 2016, 09:47:15 AM
When you are bored

While waiting for Strategy Tester to spew out some more optimisation results with the Autotrader, I decided to play around a bit on the 1 minute chart with divergences between price and RSI.

Actually worked quite well taking just 5 to 10 pips TP and SL and manually moving SL to BE from time to time.

Four such setups are shown on the image below. (I forgot to label to first Buy).

A bit of fun during idle times.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 25, 2016, 05:13:04 AM
When you don't have the time

In my previous Post I wrote about a M1 strategy that we could play with when bored - best during the quiet Asian session.

Today is the other extreme - a strategy for a Daily timeframe for those who don't have the time to sit and play at their computer all day. Just an idea at this stage after reading some articles. But looks promising, so could be a candidate for a future FXAE SET file if I have the OsMA indicator added.

The strategy is shown below.

The six EMAs, 4,6,8,10,12 are used to show when market is ranging (EMAs all tangled) and when it is trending (EMAs apart).

We don't trade when EMAs are tangled - price is ranging.

The EMA8 is the thick red line which we use as the Buy or Sell indicator. And we look for a major thrust, large candle to signal the momentum change. Confirmation is with the OsMA 12,16,9 above/below zero line.

On the image below, the white vertical lines are the entries,. The red vertical lines are the exits, based on the OsMA weakening.

Re-entries would seem possible. And exits could be delayed depending on spread of the EMAs at the time that the OsMA is weakening.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 26, 2016, 08:59:49 AM
Quick Update

I am testing the strategy I outlined in my previous Post, on Demo just taking microlots.

The entries made so far are on the whole, holding up OK. Of course this is very, very early stage for trades that should go for several weeks and hundreds of pips.

But encouraging. Certainly a lot easier than the M1 strategy. This Daily strategy just requires a few minutes shortly after the markets open each day. Or if that is not possible, whenever during the day but use the signals from Close of previous day.

Sometimes this will actually get you a better entry.

I could actually use the Autotrader just to alert me to the setups from the EMAs, and then make a decision to go or not on the alert by checking the OsMA manually; since I don't have an OsMA indicator on the Autotrader - yet.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 29, 2016, 08:43:18 AM
Using Higher Timeframe Confirmation

Following on from previous Post, yesterday we had some reversals, we have had some more entry signals, and we have gone from +$22 last night to -$80 at one stage today largely due to Yen rumours.

I was tempted to close one Sell trade at a small loss but have decided to stay in based on what I see on the Weekly - a strong candle reversal pattern. Confirming that the Sell trade we took on the Daily was probably justified.

As shown in the image below.

I have also added a second set of EMAs (24+/- 2) and RSI 14 to my template, which I think might be useful longer term as secondary consideration. But I want to keep this strategy simple so still undecided as to whether I will use them.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 06, 2016, 06:00:23 PM
Perspective

I normally trade from Australia. Means that most of the day things are quiet on the forex scene, and we wait till an hour or so before dinner when London opens and we get some action. And by the time NY opens and the US news hits the market we are almost safely asleep and will find out what happened to our trades when we wake the next morning.

But now I am in Europe, and the markets are buzzing when I wake up, and all the action occurs during the day. While I am hiking!
It's funny how that difference has an impact on my trading decisions.

In the meantime my Daily experiment is going OK. A few wins and a few losses so far. Now using the H4 chart to judge where to put the TS for trades in profit.?
Title: Re: FX Autotrader Elite
Post by: dutchie on August 07, 2016, 04:52:53 PM
Quote from: diyforexskills link=msg=356930 date=1470502823

Perspective

I normally trade from Australia. Means that most of the day things are quiet on the forex scene, and we wait till an hour or so before dinner when London opens and we get some action. And by the time NY opens and the US news hits the market we are almost safely asleep and will find out what happened to our trades when we wake the next morning.

But now I am in Europe, and the markets are buzzing when I wake up, and all the action occurs during the day. While I am hiking!
It's funny how that difference has an impact on my trading decisions.

In the meantime my Daily experiment is going OK. A few wins and a few losses so far. Now using the H4 chart to judge where to put the TS for trades in profit.?

Where are you in Europe?
When you're in The Netherlands we can have a cup of coffee (what else?) together!!!
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 07, 2016, 07:23:16 PM
A bit all over the place and only one day in Holland unfortunately, in Venlo.

But if we can't meet I'll drink een bakje koffie for a virtual ontmoeting.  :-)
Title: Re: FX Autotrader Elite
Post by: dutchie on August 08, 2016, 07:17:54 AM
Quote from: diyforexskills link=msg=356952 date=1470594196

A bit all over the place and only one day in Holland unfortunately, in Venlo.

But if we can't meet I'll drink een bakje koffie for a virtual ontmoeting.  :-)

Just had one. Was great.
Thanks for the virtual meeting!
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 08, 2016, 03:53:45 PM
Quote from: dutchie link=msg=356959 date=1470637074

Quote from: diyforexskills link=msg=356952 date=1470594196

A bit all over the place and only one day in Holland unfortunately, in Venlo.

But if we can't meet I'll drink een bakje koffie for a virtual ontmoeting.  :-)

Just had one. Was great.
Thanks for the virtual meeting!


Excellent. I went one better - kaffee und kuchen as only the Germans can do it!
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 09, 2016, 08:06:06 PM
Progress

The Daily experiment continues. Thanks to my being on holidays, I have not interfered too much in the trades. Very unusual for me!

So after about 2 weeks we have netted about $20 trading micro lots. Nothing to get excited about as yet, but the strategy seems to have promise. A daily routine of about 5 minutes a day is all it needs.

I'll let things run a bit longer before trying to formalise the rules for entry and exit and trailing stop and scale-ins and scale-outs.

And then of course I'll automate it all with FX Autotrader Elite so that I can go on more holidays.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 15, 2016, 07:27:05 PM
Humming along

With very little time available for trading, the new Daily strategy is quietly humming along.

Already up $40 on closed trades and now up $130 on open trades. Two new ones opened today.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 27, 2016, 05:34:22 PM
Could do better

Isn't that what our teacher always told us?

Well, it is true again in my case for the daily strategy that I am testing. See Post of 25 July for strategy explanation.

After 1 month the net profit is all of $14. On the bright side, the first week was the worst and things seem to be improving. And after all I am on holidays so a bit carefree in my approach.

For the last two weeks I have been using the indicators on the H4 timeframe to do the trailing of my stop loss. That seems to work quite nicely. So Entries on Daily; TS on H4. Actions only once a day.

We'll persevere a bit longer and see if we get better.
Title: Re: FX Autotrader Elite
Post by: BMaia69 on August 27, 2016, 06:03:10 PM
nOT GOOD enough in my opinio n
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 27, 2016, 06:35:16 PM
Quote from: BMaia69 link=msg=357351 date=1472317390

nOT GOOD enough in my opinio n


You are a hard taskmaster!   :)

Joking aside, I think that if an idea leads to at least a net positive result after a while, it is worth pursuing to see if it can be improved. I have never traded on the Daily before, manually or with the Autotrader, but I kind of like it at this stage. Seems more relaxed.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 30, 2016, 11:27:13 AM
Waiting for break out

With the multi MA Daily system, many of the GBP pairs look like the image below.

So we do nothing with these pairs for our Daily system.

But if we have the FX Autotrader Elite, we could use this time to run our RSI OB/OS SET file on say the H1 timeframe. And use the Price Control feature to stop that strategy when price breaks out of the range.

http://www.fxautotraderelite.com/
Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 03, 2016, 08:15:08 PM
Doing better!

Having applied a bit more diligence to my trailing stops on a daily basis, we are now in a better position with this new Daily (multi-MA) trading system. As shown below.

On a $1K account the $72 profit in 6 weeks equates to a respectable 5% per month. There is also a floating profit of $32.

I have been trading microlots on 31 currency pairs for the closed profit. The GBP pairs have been the best performers (with GJ alone capturing $73). CHFJPY has lost the most (-$48).

All achieved with only a quick 10 minutes routine daily scrolling through some 50 pairs checking for entries and adjusting SLs for winning trades.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 11, 2016, 02:55:12 PM
The FX giveth and the FX taketh away

Having finished last week, $72 in profit, this week was a bit of a bloodbath; but partially resurrected with some late wins from the Indices on Friday when I just happened to be on the computer and saw the opportunity resulting from the hawkish comments about a 21 Sep rate rise by the Fed.

Closed out three in profit and ready to re-enter on Monday should the rout continue.

Overall we are still in an uptrend on the (rocky) equity curve.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 21, 2016, 05:18:43 PM
A good week

(Forgot to post this on DF last Sunday. But can't let good news fall by the wayside.)

A good week. In recognition of the ranging markets, I took smaller profits and loose SL. And it worked.

In ranging markets, price always tends to revert to the mean; so if you misread one direction, it will ultimately come back as I experienced with GBPNZD.

Anyway, the Daily system is working out nicely; the trend is up and I am still enjoying our holidays.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 23, 2016, 04:16:07 PM
It pays to analyse

My Daily system continues to perform well (see Table below), but there have been some largish losses.

So I decided to see why and what I could do about it if I also used the MACD with the Signal line cross. Quite a lesson!

I could have avoided at least four bad losses if I had looked for confirmation from the MACD as shown below for my losing GBPAUD trade earlier this month. For a Buy the signal line cross should occur below the zero line; and above for a Sell.

For the trade I took, the MACD lines were already above the zero line so I should not have taken that Buy trade. Instead, had I followed the new rule, I would have taken a profitable Sell trade 4 days later.

So let's see what happens if I apply what I have learned from my analysis as we go forward

PS
I have neglected talking about the topic of this thread, which is the FX Autotrader Elite. Will do so again soon.
In the meantime my Real account with four SET files is here
http://www.myfxbook.com/members/sydap2003/sydap-pro/1675402

and the demo testing is here
http://www.forexverified.com/reports/fxautotraderelite/index.html
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 01, 2016, 01:45:27 PM
Take it when you can

I started the week with about $160 profit balance and about $100 in floating loss on open trades. Late Tuesday, European time, I suddenly found the floating loss changing to a small profit of around $7.

So I had the option of closing all open positions for $7 profit or waiting for the new trend to continue in the hope of much bigger profits.

I chose the latter and paid the price. So for the week as a whole, I have lost $30 and still have a floating loss of around $120.
Some people never learn!

Anyway, the account is still in profit uptrend and the portfolio is well and truly diversified as shown below. (Some 30 currency pairs and the Indices).

On the Autotrader front, the four SET files running on my Real account informed me that they don't like the current market conditions, so I have given them some time off.

http://www.myfxbook.com/members/sydap2003/sydap-pro/1675402

But the SET files running on forexverified demo are starting to get a taste for things again with a small upturn.

http://www.forexverified.com/reports/fxautotraderelite/index.html

In the meantime I had that "oh what a feeling" moment in the Dolomites.

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fhttp%3A%2F%2FC%3A%5CUsers%5CAndrew%5CDesktop%5COIS+stuff+from+Dell%5CFBPost1oct16a.png&hash=b000193249caeaaadbab6086c45afafd)




Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 08, 2016, 05:42:07 PM
Still going strong

It's been a while since I shared the performance of the SET files that come with the FX Autotrader Elite.
http://www.fxautotraderelite.com/

The GU flash crash this week added a healthy boost to the equity curve as shown below.
Full details at http://www.forexverified.com/reports/fxautotraderelite/index.html

Of course the SET files on my Real account had been switched off due to persistent losses, and so these losses were not recovered on that account with this occurrence. What do they say? "you have to be in it to win it".   :(
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 09, 2016, 03:52:31 PM
Alternative entries

In the Daily system my original entry setups are based on breakouts when the multiple MAs begin to fan out. I was finding these difficult to trade because the moves have been so small on the daily while the markets are mainly ranging.

So this week I have been entering trades on (small) trend reversals using candle stick patterns (engulfing and doji), extreme of fanning between the 4 and 6 emas, and fade outs of macd histogram and sometimes divergence between price and RSI.

I have attempted to explain this on the image below.

In the meantime I managed to more than recover last week's loss and so sitting on a nice equity curve averaging around 6% pm.

It is such a simple system, requiring only one or two checks a day, and always something going on. A nice complement to trading EAs and a good way to learn how different currency pairs and Indices operate.
Title: Re: FX Autotrader Elite
Post by: parlavink on October 09, 2016, 05:58:46 PM
I have this EA but work not like vendor. I dont use it no more...

I use the setfile from vendor. very bad trades... sorry if i say it like that
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 09, 2016, 06:35:54 PM
Quote from: parlavink date=1476032326 link=msg=358119

I have this EA but work not like vendor. I dont use it no more...

I use the setfile from vendor. very bad trades... sorry if i say it like that


Sorry to hear that and no offense taken. I happily share the SET files I prepare and use, some of which I later discard, with traders who have purchased the Autotrader. As with most EAs, they can be very broker dependent. And the ones running on Forex Verified certainly are because they have tight TSs.

But of course the whole reason for the Autotrader, is to provide a tool with which traders can automate their own trading strategies without needing any programming skills.

The SET files provided are primarily a bonus to show the different sort of strategies you can automate with the Autotrader. Assuming of course that you have the time and patience to develop and test your own strategies.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 10, 2016, 08:05:15 PM
On being a trader (not just a follower)

Following on from yesterday's Post, most of us in the forex game or business begin by following other people's signals or running other people's EAs.

A good way to start.

But at some stage, if you have the time, why not learn how to become a trader yourself?

You can do this manually, a very slow and laborious process, or you can do it by creating simple and not so simple trading strategies and running and testing those on autopilot; up to twenty or so on the one MT4 platform, all at once.

That is the purpose of the FX Autotrader Elite. For instance you could very easily set up a range of strategies as SET files such as:
- a simple MA crossover
- MA crossovers on 3 different timeframes, all of which need to confirm the entry
- RSI overbought/oversold strategies within price control set limits which define the current range
- as above but using MACD histogram fade
- using MACD fade as a pullback trigger on a shorter timeframe to the longer timeframe MA trend crossover
- using MA cross of RSI with other feature for trend reversals
- using the Price Control combined with simple MA cross for breakout trades
- use the scale-in and basket management feature to see how much extra you can pull out of a trend-based strategy in trending markets

And a whole lot more...

Each strategy can be set up as SET files in minutes, and back tested with Strategy Tester, or forward tested on demo running as many as 20 at the same time so you can compare all 20 during the same market conditions.

So, a few hours of work, then let them run on autopilot for one or two months, analyse and fine-tune, and soon you will be on the way to becoming your own trader instead of, or as well as, relying on others.

If you already have a copy of the Autotrader, but need some help with this, contact me and we can arrange a Skype session and or use Teamviewer so that I can prepare the SET files for you according to your strategy.

http://www.fxautotraderelite.com/
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 12, 2016, 03:35:32 PM
Psychology of trading

Professional traders always remind us about the importance of psychology in trading.

I can empathise with that as yesterday I again failed to close all trades when I had the opportunity. (Last week I had the opportunity to close some 15 trades which had been in a $100 floating loss for a net gain of $7). Yesterday I could have closed some 20 trades, floating loss of $120, for a net $20 loss.
My analytical brain told me that that would have been a net gain of $100. But my emotional brain refused to act and wanted to hold on to what I had. I literally could not bring myself to pull the trigger because it would have meant that I would be somewhat in the red for the week. How stupid. No wonder I prefer automated trading.

But if you want a Close All Open orders script, you can get one here for free. You will still have to pull the trigger, but at least only once. Enjoy.
https://www.mql5.com/en/code/10995
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 15, 2016, 09:56:33 AM
Holidays are over

As I prepare to head back to the land down under over the weekend, (enough of all this religious art in Rome!), I am quite happy with my little holiday escapade into manual trading on the Daily.

The results are below. The exercise has also given me some ideas for making automated strategies with the Autotrader and that will occupy my time when I get back home.

But I am also inclined to continue with this new Daily system which only requires one or two short sessions a day on the computer trawling through some 30 currency pairs and 6 Indices with the same technical setup.

http://www.fxautotraderelite.com/
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 20, 2016, 05:27:43 AM
On stopping the bleeding

Both 1912 and its sister, 1911, SET files trading the GU have been performing well (200+% in 5 months on demo).  http://www.forexverified.com/reports/fxautotraderelite/index.html

Except that lately it has been giving back a lot of the occasional large gains.

The same has happened on my real account with 1911 which sadly was closed while the two large gains were made - Brexit and the fat finger spike a few weeks ago.

Having explored several options to counter this, it would seem that adding a Basket trailing stop feature could be helpful - it is starting to take effect as per green arrow on image. It will reduce the chance a little of benefiting from a major spike, so is a compromise solution for while the GU market is dithering.

So if you are running either or both of these SET files, you may want to make the changes as shown below to Label 2 - Basket Management. All other settings can remain as they are.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 28, 2016, 03:24:17 AM
Trading journal for manual trading

We all know the importance of keeping a trading journal to help us learn from experience. But how...

We can use pen and paper, an Excel spreadsheet, or buy some fancy software. There is another way - both easy and informative.

My method is shown in the image below. In other words, we do it directly on the chart when we enter the trade and when we exit it.

I use a red vertical line and a red horizontal line to mark the Entry for a Sell, and green for a Buy, and a white vertical and a dashed white horizontal line to mark the Exit. I then use the Insert/Shapes/Rectangle to highlight the trading period.

So now I have my trading journal right on the chart I am trading and I can examine the trade in the context of the technical indicators I am using. And I can scroll back to see all the previous trades as well.

(And if the horizontal lines become too annoying as we go forward, I can colour them in the same colour as my chart background. Then when I want to analyse my trading journal, I just change the chart's background colour so that the lines become visible again.)

PS The Daily System is still going strong after 3 months - running at just over 6% pm trading microlots on a $1K account. And the FXAE Real account is treading water now that we have stopped the bleeding; just waiting for the next big sudden move.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 10, 2016, 05:38:02 AM
From Manual to Auto

After close to 4 months of manual trading with my Daily system, I saw an opportunity to automate the strategy. By using the longer term signals on H4 and H1 and taking short term trades on the M15 using MA crossover and RSI slope.

With the FX Autotrader Elite of course.
http://www.fxautotraderelite.com/

The key features of the Autotrader that are employed in this strategy are:

1. Multi timeframe conditions for MA crossovers.
2. Setting the slope of RSI rather than just a single value of RSI as trigger between defined levels.
3. Using dynamic ATR-based TP and SL and TS so that the volatility of the markets determine the size of the SL, TP and TS. This also should make the strategy applicable to many currency pairs, each with their own typical ATR dynamics.
4. The ability to have re-entry trades. So if the long term trend remains in place, we will be taking several trades on the M15 while the longer term trend is in place.

So far, and without any attempts at optimisation, we have achieved 80% wins on 10 trades on the EURUSD, during the last couple of days which includes the election hiatus.
Title: Daily System
Post by: diyforexskills on November 12, 2016, 07:27:29 AM
A bit of work to do

In my Daily system I got badly hit by the sudden reversals following Trump's conciliatory acceptance speech.

A couple of SLs got hit before I moved the others out of harm's way for the time being - so sitting on a 50% paper DD at the moment. Which means that there is work to do.

So either some marty trades for pairs/indices that I expect to move back towards where they were; and largish trades in opposite direction to initial losing trades to see if I can close out even or for a small net loss.

Always a dicey procedure, but I have done it before with the FTSE. And the beauty of trading microlots is that even though profits accumulate only slowly, at least the DD does not seem that bad.   :-\

(In any case I am developing this System on demo, but at some stage I do plan to go live. Or maybe I will just pretend: continue to execute the trades on demo, in a carefree and profitable way as I have up to now, and have them copied to a live account which I won't look at so that I don't get nervous. Except at Christmas to see if I have been a "good" trader)   :)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 14, 2016, 04:43:20 AM
EA Controller - available soon

Market dynamics change over time and when that change persists, our EAs, tuned for different market dynamics, can go into long term drawdowns.

With the FX Autotrader Elite we will now be able to avoid the bulk of these types of DDs by using the new EA Controller.

In essence, this will involve running the same FX Autotrader Elite EA SET file on two accounts, a Demo and a Live.

The EA Controller sits on the demo and measures the Closed Profit for that EA relative to its MA (user defined period) of closed profit.

When Closed Profit is above its MA, the Controller signals to the EA on the Live account that it is safe to trade.

When Closed Profit falls below its MA, the Controller stops the EA on the Live account from trading. And so until the DD on demo begins to reverse (Closed Profit back above its MA), no (losing) trades will be taken on the Live account.

Am currently testing the system using a test SET file to generate many trades and the results are shown in the image.

Key things to note are:

1. The trend of the MA of Closed Profit (blue line) on Demo is down; but nevertheless the MA of Closed Profit on Live has begun to move up since the EA Controller kicked in.

2. The loss on Demo is around -$102; the loss on Live is only at -$39 at this stage (see the while boxes on charts). ie the losses from this currently losing test EA on demo have been reduced considerably on the live account.

The Controller has an option to start trading immediately, irrespective of there being sufficient trades to calculate a MA (which is what I did in this test); or waiting for the first 5 or 10 trades to be completed and MA 5 or 10 calculated to see if it is safe to trade. (Remember - period of MA is user-defined).

A second option enables the use of the Controller to control a publicly available trade copier (enhanced beta version), thus enabling a similar outcome to be achieved with any EA.

Title: Re: Daily System
Post by: diyforexskills on November 20, 2016, 07:41:46 AM
Recovery in part

I am still with a 50% or so paper DD, but I did manage to recover almost all of last week's losses. As seen on the chart below which is a nice graphic display available on the FX Blue Publisher report.

I normally trade on auto and so I do ask myself why I am continuing with this Daily System experiment. Reasons:

1. I am still enjoying it. It is based on the Daily and H4 charts and so only requires one or at most three sessions at the computer a day.
2. Trading with microlots makes "mistakes" tolerable, and yet still yields a decent return - currently around 5% pm (assuming I can get rid of the DD over time)
3. Trading 40 currency pairs and indices is a great way to get to know how these pairs/indices behave. And there is always at least one or two trade opportunities a day.
Title: Re: Daily System
Post by: diyforexskills on November 26, 2016, 08:02:13 AM
Will it turn?

One of my badly losing trades is on GBPCHF and I want to see whether I can close these two trades for no net loss.

As shown in the image below, I think there is hope.

We have bearish divergence on both RSI and MACD.

And an indicator I have not used much, ADX, shows that the strength of the trend is definitely waning.

Let's see if the theory holds next week.
Title: Re: Daily System
Post by: diyforexskills on December 03, 2016, 04:35:11 AM
Only a small turn

Things did not go as expected/hoped as described in last week's Post. We only had a tiny downtrend before we got back into the uptrend on the GBPCHF.

I did manage a small profitable Buy trade before my TS closed the trade prematurely. And now my Sell trades are well and truly in the red and getting redder.  >:(

So once gain, fundamentals trumped the technical analysis. As can often happen. Trouble is we often don't know what fundamental news lies ahead. Like this time when the GBP strengthening appears in part due to a speech by PM May about a softer Brexit outcome.

All that aside this little test has alerted me to the usefulness of the ADX indicator along with the others I use. Just take a look at the nice signals it can give (eg see white box on chart below). For a good description of how to use ADX check out this article http://www.tradeciety.com/tips-to-use-the-adx-indicator/
Title: Re: FX Autotrader Elite with the EA Controller
Post by: sydap2003 on January 25, 2017, 07:51:07 AM
In my Post of 14 November I described the concept of using an EA Controller to ensure that an EA would only trade when market conditions were favourable for that particular strategy/EA.

The EA Controller is now up and running and being used by owners of the FX Autotrader Elite.

I have been trading five EURUSD SET files provided as a Christmas bonus in 2016, using the EA Controller setup since 12 December 2016.

As a reminder this system involves trading the same EAs on two accounts simultaneously (Controller account and Live account), using the performance of the EA on the Controller account to control when the same EA on the Live account can trade. The idea being that we only want the EAs on our live account to trade when market conditions are favourable.

Liquidity has been thin over this period leading to some jumpy moves. Live EAs were enabled to trade for the first 5 trades irrespective of market conditions.

We can now make the following observations for these six weeks of trading.

1. The Live account is marginally in profit (55 pips); the Controller account is marginally in loss (-78 pips).

2. SET file 481630 has been in a long drawdown on the Controller account (down 250 pips, 28 trades) while on the Live account the SET file has not been enabled to trade and is hence in break even mode (8 pips in profit, 17 trades).

3. Performance of SET file 48164 has been choppy and performance is slightly better on Controller (35 pips profit, 23 trades) compared to Live account (32 pips loss, 11 trades).

3. Surprisingly SET file 481650 has had more trades on the Live account then on the Controller account. This just goes to show that broker platforms are not perfect - trades can be missed for all sorts of reasons.

4. Performance of SET file 481614 has also been choppy but performance on the Live account is slightly better (-55 pips, 18 trades) than on the Controller account (-132 pips, 35 trades).

5. SET file 481612 has performed equally well on both accounts (340 pips, 6 trades).

For me the big take away at this early stage is that the Controller is very effective at keeping us out of long drawdowns - and that is so important to me because that is where we tend to lose and/or give back all the profits we have made with EAs.

Market conditions are dynamic. EAs by their very nature are not. Thus we need to control when our EAs are allowed to trade. And/or re-optimise to new market conditions from time to time.

I have attached two files of screenshots covering four of the EAs. Please note that the Controller platform trades minilots and the Live account, microlots. Hence I have used pips rather than $ for the above summary of results.

The EA Controller can also be used with any other EA, by making use of the FX Blue Personal Trade Copier in place of the special code inserted in the FX Autotrader Elite EAs.
Title: Re: FX Autotrader Elite
Post by: sydap2003 on January 25, 2017, 07:54:39 AM
... and the second image. Pls refer previous Post
Title: Re: FX Autotrader Elite
Post by: diyforexskills on March 27, 2017, 01:55:33 AM
A separate thread has been created for the EA Controller - https://donnaforex.com/index.php?topic=19585.0

So now we can get back to dealing with the Autotrader. http://www.fxautotraderelite.com/

In 2016 I created a SET file/EA with the Autotrader for AUDNZD on H1. But it finished the year having done virtually nothing, so I put it aside. But following a query from one of my subscribers I took another look at it in January, made a couple of minor modifications and have now been running it successfully, on demo at this stage. See image below.

I like this SET file as it illustrates simple entries with good money management features of the Autotrader:

1. Trade entry is very simple based on RSI 60 - between 55 and 65 for Buy and between 55 and 50 for Sell.
2. It has two scale-in entries at -10 and -15; not because I like MG (hate those strategies), but because in my trading I almost always find that as soon as I have placed a trade, price reverses, at least for a while. So these entries are meant to make the most of that price behaviour.
3. TP and SL for individual trades are dynamic, based on multiples ATR120
4. And we also employ basket management dynamically with ATR for TP, SL, TS and BE.

So let's see how this strategy goes in 2017. It's off to a good start.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 21, 2017, 08:52:30 AM
Can we make an EA strategy of this?

Last year I published quite a few Facebook Posts about what I call a Spaghetti strategy - went well for a while trading it manually as best I could seeing that I also needed to sleep and hence not awake for the close of every H4 bar; then I had some issues. And so took a fresh look.

Part of my earlier problems was that I was getting in and out of trades too quickly when running on the H4 timeframe. Or not taking a SL at all!

So having looked at charts with this strategy a bit more it would seem that we could have a good one if we automated it.

We enter when the spaghetti has coalesced and there is a big thrusting reversal candle; and we don't get out until the trade closes above/below the band of spaghetti.

This is shown on the image below for the GU on H4 from Feb to March. The white vertical lines are the entry/exit points. The month before was more difficult, a bit of whipsawing, but with gains that can be made from time to time as shown, we should still be profitable.

It is also a very easy strategy to automate with the FX Autotrader Elite. I have done that now and will report on it in my next Post.
http://www.fxautotraderelite.com/
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 23, 2017, 08:41:40 AM
Automating the Spaghetti strategy

Following up from last Reply, I did some optimisation of the manually derived spaghetti strategyon the AUDJPY pair which tends to be a bit more trendy than the GBPUSD.

Has worked out quite well, managing to capture some longer term trends (one over 300 pips) as shown in the results below.

So this is another one we can add to the increasing portfolio of FX Autotrader Elite SET files.
http://www.fxautotraderelite.com/
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 19, 2017, 05:09:32 AM
Automating the Spaghetti strategy

Following up from last Reply, I did some optimisation of the manually derived spaghetti strategyon the AUDJPY pair which tends to be a bit more trendy than the GBPUSD.

Has worked out quite well, managing to capture some longer term trends (one over 300 pips) as shown in the results below.

So this is another one we can add to the increasing portfolio of FX Autotrader Elite SET files.
http://www.fxautotraderelite.com/

AUDJPY H4 revisited

The previous back test results were based on optimisation over 2016. I traded this on live and after 4 trades had broken even.

When I back tested the strategy over 5+ years from January 2012 however, the results were very poor.

So I decided to use the scale-in feature of the Autotrader (http://www.fxautotraderelite.com/) and after considerable testing came up with a revised and much improved strategy.

Which I am now running live with one small win so far. Five year back test result is shown below. A bit jumpy, and you do need to have patience and stay in for the long haul. But then rewards can be good - $25K profit after 5 years starting with a $10K account.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 20, 2017, 08:22:05 AM
Automating the Spaghetti strategy

Following up from last Reply, I did some optimisation of the manually derived spaghetti strategyon the AUDJPY pair which tends to be a bit more trendy than the GBPUSD.

Has worked out quite well, managing to capture some longer term trends (one over 300 pips) as shown in the results below.

So this is another one we can add to the increasing portfolio of FX Autotrader Elite SET files.
http://www.fxautotraderelite.com/

AUDJPY H4 revisited

The previous back test results were based on optimisation over 2016. I traded this on live and after 4 trades had broken even.

When I back tested the strategy over 5+ years from January 2012 however, the results were very poor.

So I decided to use the scale-in feature of the Autotrader (http://www.fxautotraderelite.com/) and after considerable testing came up with a revised and much improved strategy.

Which I am now running live with one small win so far. Five year back test result is shown below. A bit jumpy, and you do need to have patience and stay in for the long haul. But then rewards can be good - $25K profit after 5 years starting with a $10K account.

And now, with a few more tweaks, I have applied this basic scale-in strategy to the GBPJPY pair on the H4. With even more success on the 5 year back test.
Initial and scale-in trades are at just 1% risk but look at the profit and reasonable DD, even excluding the major move in October 2016. And importantly no damage from the severe GBP moves related to Brexit vote.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 28, 2017, 08:15:37 AM
Interesting
Russ Horne has released a new free strategy (via the dreaded "Adrian Jones" marketing) which is visually quite appealing. Looks a bit like my Spaghetti strategy but uses MAs with shifts rather than different periods to give a 3 dimensional effect.
When you break it down it is really nothing more than price closing above/below the 21 EMA and CCI 50 above/below zero.
So I set those parameters on an earlier (with CCI) version of the http://www.fxautotraderelite.com/, and with a bit of optimisation, achieved a very respectable H4 strategy on the AUDJPY.

On the first chart, as an example trading the new strategy manually, Buys are indicated by green lines and Sells by red lines. This example is for NZDJPY M15. SL goes above/below the band and the suggestion is to set TP for a risk:reward ratio of 1:1
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 06, 2017, 06:46:18 AM
Try it for free

I have developed a new strategy for the GBPUSD M15 using a simple entry with scale-in and basket management with the http://www.fxautotraderelite.com/

Results for back test from 1 Jan 2016 to end April 2017, 16 months, are very encouraging. As per image below.

So why not try it for yourself? A free copy of the EA is attached for use until 31 July 2017.

Be sure to enter your email address for both forward and back testing; and leave the ID# field blank (that field is only for use with the EA Controller, http://exceptionalfx.com/ea-controller/).

Save the settings as a SET file and then see what other sorts of strategies you can develop with the Autotrader. The User Guide can be accessed from here.
http://www.fxautotraderelite.com/resources/
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 07, 2017, 08:48:56 AM
A Favorite MA

Rolf from tradeciety writes about his favourite MA as the SMA 20. http://www.tradeciety.com/my-favorite-indicator-that-helped-me-become-a-better-trader/
He cites several conditions for its use.
The SMA 20 also happens to be the one that the Bollinger Bands are based on.

So I took the EA from yesterday's Reply and changed the entry condition to close above/below SMA20, set the scale-in to 0% (ie no scale-in), and tried the strategy on several pairs. Worked pretty well on the EURUSD M15 as shown in the image. Admittedly this is a pretty crude use of the SMA 20 as suggested by Rolf, but hey, if it works...
(With the Autotrader we could use a second MA module to define a minimum steepness of the MA as suggested by Rolf; have not done that yet but these are the sort of things that you can try out with the Autotrader)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 09, 2017, 09:47:37 AM
Try it for free

I have developed a new strategy for the GBPUSD M15 using a simple entry with scale-in and basket management with the http://www.fxautotraderelite.com/

Results for back test from 1 Jan 2016 to end April 2017, 16 months, are very encouraging. As per image below.

So why not try it for yourself? A free copy of the EA is attached for use until 31 July 2017.

Be sure to enter your email address for both forward and back testing; and leave the ID# field blank (that field is only for use with the EA Controller, http://exceptionalfx.com/ea-controller/).

Save the settings as a SET file and then see what other sorts of strategies you can develop with the Autotrader. The User Guide can be accessed from here.
http://www.fxautotraderelite.com/resources/

The EA handled the conditions nicely today as the UK election results unfolded. Pls see image below.
Title: Re: FX Autotrader Elite
Post by: wroeckert on June 10, 2017, 06:12:53 PM
Try it for free

I have developed a new strategy for the GBPUSD M15 using a simple entry with scale-in and basket management with the http://www.fxautotraderelite.com/

Results for back test from 1 Jan 2016 to end April 2017, 16 months, are very encouraging. As per image below.

So why not try it for yourself? A free copy of the EA is attached for use until 31 July 2017.

Be sure to enter your email address for both forward and back testing; and leave the ID# field blank (that field is only for use with the EA Controller, http://exceptionalfx.com/ea-controller/).

Save the settings as a SET file and then see what other sorts of strategies you can develop with the Autotrader. The User Guide can be accessed from here.
http://www.fxautotraderelite.com/resources/

Thanks, great EA.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 12, 2017, 10:02:17 AM
Another SET file for the Autotrader

This one also uses a large SL but a dynamic one. Only 3 losing trades in 16 months back testing. For the EURUSD on M15.

SET file available on request.
Title: Re: FX Autotrader Elite
Post by: wroeckert on June 12, 2017, 03:21:44 PM
Another SET file for the Autotrader

This one also uses a large SL but a dynamic one. Only 3 losing trades in 16 months back testing. For the EURUSD on M15.

SET file available on request.

Hello, I would like to test the autotrader, can you send me the set file for Test ?

thank you

regards Roeckert
Title: Re: FX Autotrader Elite
Post by: dutchie on June 12, 2017, 04:48:06 PM
Another SET file for the Autotrader

This one also uses a large SL but a dynamic one. Only 3 losing trades in 16 months back testing. For the EURUSD on M15.

SET file available on request.

Hello, I would like to test the autotrader, can you send me the set file for Test ?

thank you

regards Roeckert
Same for me.
Please send me the set file
it's about time that I become activ with this EA
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 13, 2017, 06:34:20 AM
Autotrader Trial and New SET Files

OK, let's make it easy for everyone. (But is is nice to be able to Reply to someone other than myself on this Thread for once!   :)   )

I have loaded the Autotrader EA (expiry end of July) and three SET files (GU M15, EU M15 and USDCHF H1) on the FXAE Resources page http://www.fxautotraderelite.com/resources/ under SET Files and Notes, titled FXAE Trial SET Files and EA

A little about the new SET files. They are the first of a series that I am developing which use a large SL, either fixed or dynamic. So we get a 90 to 95% win rate accompanied by the occasional large loss (up to10% of Balance), of around 400 to 500 pips.
In the 16 months testing period any such large losses have been few and have always been followed by at least a few wins, which sort of makes sense, unless the market really goes haywire.

What this means is that we can use the Controller and Trade Manager with these SET files to add large scale-ins after a loss when closed profit will have fallen below its MA. (as described in this Thread https://donnaforex.com/index.php?topic=19585.msg366357#new  Reply #106

The effect of this can be modeled using the Strategy Quant Analyser as shown for the example for a strategy that I am still working on, in the image below. Profit is almost doubled while DD is essentially the same at under 10%. The second image is for the GU M15 SET file strategy. Impressive improvements but you do need to be brave to add an effective 40% risk trade with the scale-in (should be no problem for Eze FX EA traders!   ;)). You can of course scale in a smaller risk trade for a smaller improvement.

Alternatively, you could minimise that risk by setting a tighter SL for the scale-in. All options we have with the Trade Manager.

Happy testing.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 16, 2017, 03:54:15 AM
Variations

I have made some changes to the EU M15 SET file (refer Reply #351) and now using RSI 5 O/B, O/S for entries and adjusted lot size.

Almost triples the return and DD is still only 15% for period tested - 1 Jan 2016 till end April 2017.

These sort of strategies, with large SL (dynamic or fixed), do have longish stagnation periods as shown in the image - longest was 35 days as shown. So we need patience, or just go on holidays when stagnation sets in. But seems well worth the wait with performances like these. I have now started running these live and with only 2 trades on average per week, it will take a while to be able to show results.

Note that the price history of EURUSD is also shown on the chart for that period - the fainter line, RH axis.
Title: Re: FX Autotrader Elite
Post by: dutchie on June 16, 2017, 06:13:20 AM
Nice results and thing getting better day by day  :)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 21, 2017, 06:19:11 AM
Nice results and thing getting better day by day  :)

Am trying to keep Dutchie happy and had an even better EU M15 strategy before deciding I should also BT it over a longer period. So chose the period from 1 Jan 2012 to mid-June 2017, almost 5.5 years. This period includes the time when the EU went from around 1.40 to around 1.1 in a few months. So good test period for trades with large SL.

The result is shown below. A few points to note.
1. Very high success rate (95+%) but only about 1 trade entry pw on average with some long stagnation periods
2. Based on dynamic SL settings using two different MA crossovers; and includes a partial close
3. Given the paucity of trading and the length of some trades, I would imagine some manual interventions would be in order from time to time in real life which should improve results.
Title: Re: FX Autotrader Elite
Post by: dutchie on June 23, 2017, 07:28:19 PM
Nice results and thing getting better day by day  :)

Am trying to keep Dutchie happy and had an even better EU M15 strategy before deciding I should also BT it over a longer period. So chose the period from 1 Jan 2012 to mid-June 2017, almost 5.5 years. This period includes the time when the EU went from around 1.40 to around 1.1 in a few months. So good test period for trades with large SL.

The result is shown below. A few points to note.
1. Very high success rate (95+%) but only about 1 trade entry pw on average with some long stagnation periods
2. Based on dynamic SL settings using two different MA crossovers; and includes a partial close
3. Given the paucity of trading and the length of some trades, I would imagine some manual interventions would be in order from time to time in real life which should improve results.
Yeah you did it again: this one is even better!
Title: Re: FX Autotrader Elite
Post by: ichfunktion on June 23, 2017, 08:19:28 PM
Thanks for give us the opportunity to test your EA.
I started with some BT of the EU set file and for the period 2016-2017 it was very profitable, but if I test it from 2012 up to now it had a very deep DD before it has then finally some gain, but overall it is not impressive and nothin what I would use as set and forget (only for a specify market condition)

It looks like that your new EU set is better. As you did not posted it here (and this is the same for some other results you shown here), are these files available for buyers of the EA or will you only show the potential of the EA and the buyer has to find the settles alone?
Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 24, 2017, 08:25:55 AM
Thanks for give us the opportunity to test your EA.
I started with some BT of the EU set file and for the period 2016-2017 it was very profitable, but if I test it from 2012 up to now it had a very deep DD before it has then finally some gain, but overall it is not impressive and nothin what I would use as set and forget (only for a specify market condition)

It looks like that your new EU set is better. As you did not posted it here (and this is the same for some other results you shown here), are these files available for buyers of the EA or will you only show the potential of the EA and the buyer has to find the settles alone?

Thanks for the feedback. Yes, market dynamics do seem to have changed in 2016 from earlier periods and so both of the original EURUSD and USDCHF strategies (see reply of June 13) do not perform well prior to 2016. These changes in market dynamics led me to develop the EA Controller - but that is another story.

I have now redone the EURUSD and USDCHF strategies, optimising from 2012 to present. The EU M15 (48 1643) was shown in previous reply and the USDCHF H1 (48 2312) is shown below. The BT period includes the CHF flash crash caused by the Swiss central bank.

(Pls note that the EU SET file uses dynamic SLs, and so the trade entry of 50% Risk is artificial since I had to set a very large SL for money management purposes to enable the dynamic SLs to take precedence over the fixed SL. Hopefully that makes sense!)

Both of these SET files are now included in the free trial package (valid till 31 July 2017) and can be downloaded from here under SET Files and Notes  http://www.fxautotraderelite.com/resources/

I generally provide 2 to 5 free SET files per year and always happy to share ideas and/or support traders who want to develop their own strategies with the Autotrader. FX trading can be a lonely pastime so collaboration is always welcome.



Title: Re: FX Autotrader Elite
Post by: diyforexskills on June 28, 2017, 09:37:36 AM
Reversing trade entries

When we have an EA that always seem to lose the temptation is to just reverse the trade entries - make it take a Buy instead of a Sell and vice versa. But that does not always work in the long term either.

The solution is to selectively reverse trades depending on market conditions and hence EA performance.

The image below shows two back tests over the same period (about 5.5 years). One is for the EA with the normal setting. The other with trade entries reversed which you can do with EAs made with the Autotrader  http://www.fxautotraderelite.com/ . Just change Reverse Entry from False to True on the Inputs.

By way of example, for periods in the red boxes we can see that when "normal" EA is in DD, the reverse EA makes some profit; and vice versa.

We could easily trade this way manually when using the FXAE.

Just monitor the EA's performance using myfxbook or the FX Blue Publisher EA. When EA goes into DD beyond the level desired/expected, switch the Reverse Entry of the FXAE EA to True and continue trading. After a hopefully profitable period, the reverse entry EA will no doubt go into DD itself; so switch the Reverse Entry back to False again and continue trading.

Or we can automate this process with the help of the EA Controller. See https://donnaforex.com/index.php?topic=19585.msg366808#new
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 02, 2017, 08:54:33 AM
Would you buy this EA?

If someone showed us the 15 months BT of an EA and it looked like the first image below, would we buy it? Probably not.

But what if someone showed us a 6 months performance test on a live account till present and it looked like the second image? We could probably be persuaded.

Funnily enough, these results are for the same EA, FXAE 481612 EURUSD H1, developed as part of the Donna Forex Webinar series in 2015. You can view that here; it is Webinar #4.
http://www.diyforexskills.com/webinar-series-developing-profitable-forex-strategies/

So I will keep trading this EA, having started in Dec 2016 when it began to move out of DD. And I will keep the Controller monitoring its performance, with a fairly short period MA at this stage given the BT results.

Just like cats, EAs can be skittish but they can also have nine lives! And with FXAE EAs in conjunction with the EA Controller, you are always in charge.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 12, 2017, 08:35:08 AM
Reversing trade entries

When we have an EA that always seem to lose the temptation is to just reverse the trade entries - make it take a Buy instead of a Sell and vice versa. But that does not always work in the long term either.

The solution is to selectively reverse trades depending on market conditions and hence EA performance.

The image below shows two back tests over the same period (about 5.5 years). One is for the EA with the normal setting. The other with trade entries reversed which you can do with EAs made with the Autotrader  http://www.fxautotraderelite.com/ . Just change Reverse Entry from False to True on the Inputs.

By way of example, for periods in the red boxes we can see that when "normal" EA is in DD, the reverse EA makes some profit; and vice versa.

We could easily trade this way manually when using the FXAE.

Just monitor the EA's performance using myfxbook or the FX Blue Publisher EA. When EA goes into DD beyond the level desired/expected, switch the Reverse Entry of the FXAE EA to True and continue trading. After a hopefully profitable period, the reverse entry EA will no doubt go into DD itself; so switch the Reverse Entry back to False again and continue trading.

Or we can automate this process with the help of the EA Controller. See https://donnaforex.com/index.php?topic=19585.msg366808#new

Another example of how reversing trade entries can be beneficial at times. This example is the FXAE V48 1912b GU H1 SET file which is running on ForexVerified since late last year.
When we look at the back test of this EA from Jan 1 2016 we see it was highly profitable up to about December before declining slowly but steadily.
Then back testing this last period from December 2016  till June this year, on an aggressive setting, we see that the normal version tanks the account pretty quickly, while the Trade Entry Reversed version, makes a healthy profit over the same period.
Food for thought.
Title: Re: FX Autotrader Elite
Post by: wroeckert on July 12, 2017, 08:45:01 AM
Reversing trade entries

When we have an EA that always seem to lose the temptation is to just reverse the trade entries - make it take a Buy instead of a Sell and vice versa. But that does not always work in the long term either.

The solution is to selectively reverse trades depending on market conditions and hence EA performance.

The image below shows two back tests over the same period (about 5.5 years). One is for the EA with the normal setting. The other with trade entries reversed which you can do with EAs made with the Autotrader  http://www.fxautotraderelite.com/ . Just change Reverse Entry from False to True on the Inputs.

By way of example, for periods in the red boxes we can see that when "normal" EA is in DD, the reverse EA makes some profit; and vice versa.

We could easily trade this way manually when using the FXAE.

Just monitor the EA's performance using myfxbook or the FX Blue Publisher EA. When EA goes into DD beyond the level desired/expected, switch the Reverse Entry of the FXAE EA to True and continue trading. After a hopefully profitable period, the reverse entry EA will no doubt go into DD itself; so switch the Reverse Entry back to False again and continue trading.

Or we can automate this process with the help of the EA Controller. See https://donnaforex.com/index.php?topic=19585.msg366808#new

Another example of how reversing trade entries can be beneficial at times. This example is the FXAE V48 1912b GU H1 SET file which is running on ForexVerified since late last year.
When we look at the back test of this EA from Jan 1 2016 we see it was highly profitable up to about December before declining slowly but steadily.
Then back testing this last period from December 2016  till June this year, on an aggressive setting, we see that the normal version tanks the account pretty quickly, while the Trade Entry Reversed version, makes a healthy profit over the same period.
Food for thought.

Great results,
The market is very different, so we also need a very flexible system. The EA controller is a good start! A simple EA without control is nowadays lost
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 01, 2017, 01:30:41 AM
Using the FXAE in conjunction with the Controller

The last few Posts in the Controller thread https://donnaforex.com/index.php?topic=19585.msg368192#new describes a novel way of running FXAE EAs to help alleviate losses from DDs. You can do this with FXAE EAs because these EAs have a Reverse trade entry feature as well as being able to be controlled by the FX EA Controller http://exceptionalfx.com/ea-controller/
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 11, 2017, 02:01:29 AM
One year test results

Ever since December 2016 we have provided 7 free SET files to use with the Autotrader.
I am constantly making new SET files so don't always run all of them continuously.
But I have kept four of the EURUSD ones running since 1 December 2016 - 48164, 481612, 481614 and 481630.
As reported by ichfunktion on 23 June 2017, some of these do not perform well prior to 2016. But it looks like the markets in 2017 have been suitable for these strategies.
They were traded on a demo account at 0.1 lot per trade. Since these are not grid/marty or scalping strategies, their performance on a live account would have been similar. Yes I know, I should have been trading them live as well!
As shown in the second image, equity/DD was at all times kept well under control. Even without the use of the EA Controller.
Title: Re: FX Autotrader Elite
Post by: reinerh on November 11, 2017, 01:39:05 PM
One year test results

Ever since December 2016 we have provided 7 free SET files to use with the Autotrader.
I am constantly making new SET files so don't always run all of them continuously.
But I have kept four of the EURUSD ones running since 1 December 2016 - 48164, 481612, 481614 and 481630.
As reported by ichfunktion on 23 June 2017, some of these do not perform well prior to 2016. But it looks like the markets in 2017 have been suitable for these strategies.
They were traded on a demo account at 0.1 lot per trade. Since these are not grid/marty or scalping strategies, their performance on a live account would have been similar. Yes I know, I should have been trading them live as well!
As shown in the second image, equity/DD was at all times kept well under control. Even without the use of the EA Controller.

wow, these are indeed decent results. quite the number of green pips achieved overall.

now grab the bull by the horn and run it live ;)

small account will do, just run reasonable lot sizing.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 16, 2017, 01:00:33 AM
Running profitably - even with a "losing" EA

Markets are dynamic and hence can become unsuitable for an EA forcing it into DD.

That has happened this year with SET file 482310 running on the USDCHF H1. The graph below shows the performance since 25 September. That is the date that I enlisted the use of the EA Controller to set up a system whereby a reverse entry version of the EA is triggered as long as the the normal entry EA is in downtrend, as it has been.
The normal entry version is set at 0.01 lot; the reverse entry is set at 0.05 lot.
Whenever the normal entry version goes into uptrend, a second normal entry version, trading at 0.04 lots, will be triggered and the reverse entry version closed down.

So currently, despite the unfavourable market conditions, this system is about $60 in profit, as shown below.

Owners of the FXAE can obtain the EA Controller at the heavily discounted price of $49 by contacting me.
Some traders just use the Controller to provide an on-chart performance graph of their EA(s).
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 22, 2017, 03:15:32 AM
Testing FXAE V48164 EURUSD M15 with Controller and Trade Manager

As explained in Reply #152 on the EA Controller thread https://donnaforex.com/index.php?topic=19585.msg372035#new , I have started testing the use of the EA Controller with the DIY Trade Manager Plus on the FXAE V48 164 SET file.

By way of background this SET file has performed reasonably well in 2017, top image below, but the five year backtest from 2012 is poor.

So the testing is to see if we can improve performance of this SET file by running it as a system; running both the normal entry and reverse entry versions of the EA, and using the TM to alter the SL and TP on each depending on whether the normal entry version is in uptrend or downtrend as monitored by the EA Controller. The Controller will control the TM, not the EAs.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on December 01, 2017, 06:08:24 AM
Testing FXAE V48164 EURUSD M15 with Controller and Trade Manager

As explained in Reply #152 on the EA Controller thread https://donnaforex.com/index.php?topic=19585.msg372035#new , I have started testing the use of the EA Controller with the DIY Trade Manager Plus on the FXAE V48 164 SET file.

By way of background this SET file has performed reasonably well in 2017, top image below, but the five year backtest from 2012 is poor.

So the testing is to see if we can improve performance of this SET file by running it as a system; running both the normal entry and reverse entry versions of the EA, and using the TM to alter the SL and TP on each depending on whether the normal entry version is in uptrend or downtrend as monitored by the EA Controller. The Controller will control the TM, not the EAs.

Release your creative juices and have some fun for just $100 in 2018

I am finalising the documentation for a special package of my three forex trading tools for just $100 for use throughout 2018.
http://diytrademanagerplus.com/
http://exceptionalfx.com/ea-controller/
http://www.fxautotraderelite.com/

There are lots of things you can do with these, especially in combination as per my previous Post. And 30 days or 60 days is not enough time to do the proper testing; hence I will do a full 12 month licence for all three trading tools for just $100 in 2018. This will include the SET files required to run the test I am reporting on most recently.

(The money will not be refundable but you will get to keep at least one of the tools with a lifetime licence. And the opportunity to keep all three at a 50% discount with the $100 counting towards the payment. I will post a special link for this in the next week or so.)

The first 30 day test results for running the EA with normal and reverse entry and controlled via the Trade Manager are shown below.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on December 06, 2017, 09:28:14 AM
Testing FXAE V48164 EURUSD M15 with Controller and Trade Manager

As explained in Reply #152 on the EA Controller thread https://donnaforex.com/index.php?topic=19585.msg372035#new , I have started testing the use of the EA Controller with the DIY Trade Manager Plus on the FXAE V48 164 SET file.

By way of background this SET file has performed reasonably well in 2017, top image below, but the five year backtest from 2012 is poor.

So the testing is to see if we can improve performance of this SET file by running it as a system; running both the normal entry and reverse entry versions of the EA, and using the TM to alter the SL and TP on each depending on whether the normal entry version is in uptrend or downtrend as monitored by the EA Controller. The Controller will control the TM, not the EAs.

Release your creative juices and have some fun for just $100 in 2018

I am finalising the documentation for a special package of my three forex trading tools for just $100 for use throughout 2018.
http://diytrademanagerplus.com/
http://exceptionalfx.com/ea-controller/
http://www.fxautotraderelite.com/

There are lots of things you can do with these, especially in combination as per my previous Post. And 30 days or 60 days is not enough time to do the proper testing; hence I will do a full 12 month licence for all three trading tools for just $100 in 2018. This will include the SET files required to run the test I am reporting on most recently.

(The money will not be refundable but you will get to keep at least one of the tools with a lifetime licence. And the opportunity to keep all three at a 50% discount with the $100 counting towards the payment. I will post a special link for this in the next week or so.)

The first 30 day test results for running the EA with normal and reverse entry and controlled via the Trade Manager are shown below.

Making Progress


The User Manual for the Controller has been revised and updated. The ones for the Trade Manager and Autotrader are also ready to go.
And all the SET files (Presets) needed to copy my experiments with these three trading tools have been made.

(Not a bad effort during a distracting time when Australia and England were battling it out for the 2nd cricket test in Adelaide. A good result if you are an Aussie!   :)  )

Now I just need to prepare a short video to show how all of this works and how to set it up for when you sign up for the 2018 Special Offer.

In the meantime the USDCHF trial using one of the many ways in which these trading tools can be used, is back in the black even though the EA being used as the base is still in drawdown; as shown in the images below.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on December 18, 2017, 11:32:15 PM
Only a few days left......

(But note. If you already have any of the three products you will be receiving this package as the Christmas bonus for 2017. And then at the end of 2018 if you want to keep any of these three that you do not already own, we will work out a special deal.)

A Very Special Package Deal – 3 unique trading tools for only $100

Why would you want this?
•   Forex trading tools can be expensive. And you need time to learn how to use them to find out whether they will work for you.
•   The three tools I have developed and use, a customisable EA (the Autotrader), a Trade Manager and an EA Controller, would normally set you back over $500.
http://www.fxautotraderelite.com/ selling for$297
http://diytrademanagerplus.com/ selling for $79
http://exceptionalfx.com/ea-controller/ selling for $129
•   For the first time ever, you can have them all for just $100 – for a full year!?

What are the benefits?
•   The EA comes with three proven profitable SET files when run as a system using all three tools and the whole package contains extensive instructions.
•   Just running the free SET files should easily pay for the one year trial. And then, if these suit your way of trading, you can buy the whole bundle for a 50% discount after that first year.
•   Using these tools in a system really provides the edge and can turn losing EAs into profitable ones. And I will show you how.
•   Join the community and share ideas and results on the Donna Forex Forum
https://donnaforex.com/index.php?topic=19585.msg372722;topicseen#new
•   Heaps of support as you need it via email or Skype.

After 12 months, you will have five choices:
1.   Select either the trade manager or controller for a lifetime licence and pay nothing more; or
2.   Select both the trade manager and the controller and pay just $50 for a lifetime licence for both; or
3.   Select the Autotrader only and pay just $100 for a lifetime licence; or
4.   Select all three trading tools, Autotrader, Trade Manager and Controller, and pay just $150 for a lifetime licence for all three; or
5.   Do nothing, but hopefully having learned something from working with these unique trading tools.

What have you got to lose? Order now.
Order your Special Package here, but only until 24 December 2017 https://secure.avangate.com/order/checkout.php?PRODS=4721645&QTY=1&CART=1&CARD=2&DESIGN_TYPE=2
And view the first of several videos showing you how to use these trading tools here -
https://www.youtube.com/watch?v=v7n2Ec8ZRZM
Title: Re: FX Autotrader Elite
Post by: diyforexskills on December 22, 2017, 05:52:14 AM
Time is running out - only 2 days left

Please see the previous Reply for full details for this special offer. The offer expires on Sunday.

The first three of the EAs have now been running since 30 October using the Controller to enable/disable the Trade Manager as required to control the normal entry and reverse entry versions of the EAs. The system is nicely in profit! As shown in the attached.

Interested? Order now. Only $100 for a full year and at the end you get to keep one of two products for free

Order your Special Package here, but only until 24 December 2017 https://secure.avangate.com/order/checkout.php?PRODS=4721645&QTY=1&CART=1&CARD=2&DESIGN_TYPE=2
And view the first of several videos showing you how to use these trading tools here -
https://www.youtube.com/watch?v=v7n2Ec8ZRZM
Title: Re: FX Autotrader Elite
Post by: diyforexskills on February 05, 2018, 12:22:14 AM
What can happen when you are not looking

Every now and then I make a new strategy with the FXAE and just let it run on demo rather than do exhaustive back tests and optimisation. And sometimes I forget to see how it is going.

So I got a pleasant surprise when I checked on the progress of 481630 EURUSD running on M15 since mid-December 2016 at 0.1 lots. Pls see attached balance curve - mid December 2016 till now.

The strategy is simple - entry occurs when the H4 candle is > 40 pips and closes when the H4 candle is > 100 pips in the opposite direction. With a TP of 60 and a TS at 40. And it has an 80% close at -60 pips so as to potentially avoid a too big a DD.
Looking back over the trading history, it looks as if I disabled the partial close in about May 2017.
(A copy of the SET file is attached. Use with FXAE at your own risk etc...)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on February 06, 2018, 12:47:41 AM
Why keep a trading log?

Despite exhorting myself not to do so, I have become very slack at maintaining my trading log. Consequently, as per previous Post, I have no idea when and why I removed the partial close in the FXAE 481630 trading strategy. There is a limit to much how much the brain can retain even without dementia.

Luckily I can examine the trade history and see that the last partial close occurred in March 2017. And that the EA's performance was already climbing out of DD when I pulled the trigger on the partial close late in March 2017. So it must have been a subjective decision. Turned out to be the right one since the EA has continued its uptrend since then with the largest loss being around 200 pips. I do have an open Sell trade that was at about -300 pips but has recovered to some extent after last night's action.

Anyway, I have re-discovered my trading log notebook - it has a lot of blank pages for most of 2017!   >:(
Maybe it's not too late for a new year resolution for 2018!
Title: Re: FX Autotrader Elite
Post by: diyforexskills on February 08, 2018, 05:21:41 AM
What can happen when you are not looking

Every now and then I make a new strategy with the FXAE and just let it run on demo rather than do exhaustive back tests and optimisation. And sometimes I forget to see how it is going.

So I got a pleasant surprise when I checked on the progress of 481630 EURUSD running on M15 since mid-December 2016 at 0.1 lots. Pls see attached balance curve - mid December 2016 till now.

The strategy is simple - entry occurs when the H4 candle is > 40 pips and closes when the H4 candle is > 100 pips in the opposite direction. With a TP of 60 and a TS at 40. And it has an 80% close at -60 pips so as to potentially avoid a too big a DD.
Looking back over the trading history, it looks as if I disabled the partial close in about May 2017.
(A copy of the SET file is attached. Use with FXAE at your own risk etc...)

Open SET files with Notepad

SET files, like the one in Reply #374 on 5 Feb, can be read by opening the file with Window's Notepad.

If and when you do that for the FXAE 481630 Set file from Reply #374, you will see why you don't need any mql programming skills in order to automate strategies with the FX Autotrader Elite. It's just a matter of setting the Inputs for trade management and indicators etc

You can try out the Autotrader, as well as the EA Controller and Trade Manager, for just $100 till the end of 2018.
https://secure.avangate.com/order/checkout.php?PRODS=4721645&QTY=1&CART=1&CARD=2

Pls see Reply #372 for a full description of this special offer.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on February 09, 2018, 04:28:22 AM
Portfolios

Most of us have portfolios of multiple EAs which we optimise and backtest. And you can of course make multiple EAs with the Autotrader. That was the whole reason for developing this customisable EA.

But with Strategy Tester we can BT only one EA at a time, so if we are going to run a portfolio of EAs it would be good to see how they perform in BTs as a group.

There is a nice free service for an online generation of such a merged report at
http://mt4-forex-ea.com/online-tools-apps-for-traders/mt4-back-test-report-merger/

Alternatively, a Post in 2010 alerted us to a report merge product here http://www.mqlsoft.com/download/reportmanager

(see brief discussion on this product here - https://donnaforex.com/index.php?topic=2795.0 )
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 10, 2018, 12:46:47 AM
Trending or Ranging

The FX Autotrader Elite has a little-used feature called Price Control, at Label 12 in the Input settings. The idea being that if you have made a trend following EA you would not want that EA to be running while price is rangebound. But you would want a ranging strategy (eg o/b, o/s) to be running during those periods and to stop running after breakout and into trend. Like the EU and the GU currently.

So with a little chart analysis on say the daily, you can identify any such situations going forward and then enter the relevant prices for Upper and Lower on the Level Inputs. And enter Range or Trend on the Price Control Mode setting of the EA depending on the EA's strategy.

While price is between those limits, and EA 's Price Control Mode set to Range, that EA will only function while price is in that range.
The trend strategy, with EA set to Trend, will only function after price has broken out of the range; above or below.

All EAs can do with a little bit of help from a human touch.      :)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 11, 2018, 02:44:45 AM
Be in control

With the FX Autotrader Elite you can set up many different strategies using various modules of MA crossovers, RSI and MACD. And remember that an MA of 1 is equivalent to price so that you can specify the size of candles that you would want to see for a breakout for instance.

But you may have your own favourite indicator or Fib condition or whatever which you would want as a confirmation of the Entry.

And you can do that semi-automatically with the Autotrader. Particularly useful for longer term trading and for traders who don't have the time to be at their computers all day.

Simply set Manual Confirmation to True, on Chart and/or via email. Then when the price has met the Entry conditions set on the EA, you will be alerted. You can then assess your favourite indicator reading and/or other chart analysis, and when these confirm the Entry, just press OK. The trade will be taken at that price and the trade will be managed by the EA as per your TP, SL, TS, partial close settings etc

You can access the User Guide here: http://www.fxautotraderelite.com/resources/
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 13, 2018, 08:52:41 AM
New Features

We are getting close to releasing a new version of the FX Autotrader Elite with two new features and a change to the time filter.

1. Reverse scale-ins will now be available. Has worked really nicely for me when I was in a USDCHF Sell when that pair began to rise inexorably. The reverse scale-ins were hit at -300, -350, -400 and -450 pips at double lot size, and so the sequence finished with a nice net profit despite the 500 pip loss on the original trade.
2. It will now be possible to take multiple additional entries when entry conditions are met while the Initial trade is still open. This is particularly useful when we have strategies with either or both large TP and SL settings.
3. With the current version, V48, whenever the time filter is set to true and an exclusion period is specified, the EA will not trigger any new trades during that period but continue to manage any open trades. However, if some pending orders are still in place, then those pending orders will be triggered during the exclusion period. With the new version, those pending orders for any exclusion period will be removed.

Coming soon

The magic wand for FXAE.   For a new way of semi-automated trading with the FXAE.

The first three updates mentioned will be free as have all previous updates. The magic wand will come at a small cost.

http://www.fxautotraderelite.com/
Title: Re: FX Autotrader Elite
Post by: Trunk on May 13, 2018, 09:15:07 AM
Can I use this EA on my Hotforex platform? Does it support MT4 or MT5 as well
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 13, 2018, 09:35:58 AM
Can I use this EA on my Hotforex platform? Does it support MT4 or MT5 as well

Yes, on any MT4 platform. Not MT5.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 14, 2018, 02:58:02 AM
Be in control

With the FX Autotrader Elite you can set up many different strategies using various modules of MA crossovers, RSI and MACD. And remember that an MA of 1 is equivalent to price so that you can specify the size of candles that you would want to see for a breakout for instance.

But you may have your own favourite indicator or Fib condition or whatever which you would want as a confirmation of the Entry.

And you can do that semi-automatically with the Autotrader. Particularly useful for longer term trading and for traders who don't have the time to be at their computers all day.

Simply set Manual Confirmation to True, on Chart and/or via email. Then when the price has met the Entry conditions set on the EA, you will be alerted. You can then assess your favourite indicator reading and/or other chart analysis, and when these confirm the Entry, just press OK. The trade will be taken at that price and the trade will be managed by the EA as per your TP, SL, TS, partial close settings etc

You can access the User Guide here: http://www.fxautotraderelite.com/resources/

Alligator Indicator

This indicator was introduced in 1995 by Bill Williams. And it is useful for entering on a breakout and then staying in a trend should the trend develop. https://www.forextraders.com/forex-education/forex-indicators/alligator-indicator-explained/ 

The Autotrader does not have this Indicator as such. But it does have multiple MA crossover modules and the Alligator indicator is no more than 3 smoothed MAs each shifted by a different amount. And so this indicator can effectively be set in the Autotrader. Since price is effectively a MA of period 1, we can also specify the condition when price breaks the requisite MA as in the article linked above.
And the Autotrader has two momentum indicators, RSI and MACD, so either of these can be used as well in any alligator inspired strategy.

This is what makes the Autotrader such a versatile trading tool for traders who want more than a black box EA.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 19, 2018, 09:34:10 AM
New Features

We are getting close to releasing a new version of the FX Autotrader Elite with two new features and a change to the time filter.

1. Reverse scale-ins will now be available. Has worked really nicely for me when I was in a USDCHF Sell when that pair began to rise inexorably. The reverse scale-ins were hit at -300, -350, -400 and -450 pips at double lot size, and so the sequence finished with a nice net profit despite the 500 pip loss on the original trade.
2. It will now be possible to take multiple additional entries when entry conditions are met while the Initial trade is still open. This is particularly useful when we have strategies with either or both large TP and SL settings.
3. With the current version, V48, whenever the time filter is set to true and an exclusion period is specified, the EA will not trigger any new trades during that period but continue to manage any open trades. However, if some pending orders are still in place, then those pending orders will be triggered during the exclusion period. With the new version, those pending orders for any exclusion period will be removed.

Coming soon

The magic wand for FXAE.   For a new way of semi-automated trading with the FXAE.

The first three updates mentioned will be free as have all previous updates. The magic wand will come at a small cost.

http://www.fxautotraderelite.com/

Work is progressing on the Magic Wand update to the Autotrader. The Magic Wand will also be released as a standalone EA based on a much curtailed Autotrader.
To see how you might use the Magic Wand, please follow the thread in the Manual section of the Forum
https://donnaforex.com/index.php?topic=20042.msg377175#new
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 26, 2018, 09:04:48 AM
New Features

We are getting close to releasing a new version of the FX Autotrader Elite with two new features and a change to the time filter.

1. Reverse scale-ins will now be available. Has worked really nicely for me when I was in a USDCHF Sell when that pair began to rise inexorably. The reverse scale-ins were hit at -300, -350, -400 and -450 pips at double lot size, and so the sequence finished with a nice net profit despite the 500 pip loss on the original trade.
2. It will now be possible to take multiple additional entries when entry conditions are met while the Initial trade is still open. This is particularly useful when we have strategies with either or both large TP and SL settings.
3. With the current version, V48, whenever the time filter is set to true and an exclusion period is specified, the EA will not trigger any new trades during that period but continue to manage any open trades. However, if some pending orders are still in place, then those pending orders will be triggered during the exclusion period. With the new version, those pending orders for any exclusion period will be removed.

Coming soon

The magic wand for FXAE.   For a new way of semi-automated trading with the FXAE.

The first three updates mentioned will be free as have all previous updates. The magic wand will come at a small cost.

http://www.fxautotraderelite.com/

Work is progressing on the Magic Wand update to the Autotrader. The Magic Wand will also be released as a standalone EA based on a much curtailed Autotrader.
To see how you might use the Magic Wand, please follow the thread in the Manual section of the Forum
https://donnaforex.com/index.php?topic=20042.msg377175#new

The Magic Wand update to the Autotrader is complete but I am just checking out an issue with one of the other modifications (not used in the Magic Wand), before releasing the update in a week or so. The free update will NOT include the Magic Wand feature.)

In the meantime, if you would like to have the Magic Wand feature, you could buy the stand alone version of the Wand now for just $29 (via Paypal to sydap2003@yahoo.com.au), which will be the same price if you later on were to buy the Magic Wand upgrade to the Autotrader. (The Magic Wand EA will go on sale for $79 for new subscribers.)

To see how you might use the Magic Wand, please follow the thread in the Manual section of the Forum
https://donnaforex.com/index.php?topic=20042.msg377299#new
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 30, 2018, 08:14:10 AM
Use Quant Analyser to assess

(This Post also appears in the EA Controller thread)

One way of using the Controller is to increase lot size during favourable market conditions, as measured by an MA of the Balance curve.

With the Quant Analyser you can analyse either back tests or account history data to see if this would work for your EA. I did that for one of my newer strategies with the FX Autotrader Elite, as shown below. This shows that by increasing lot size by 50% during favourable market conditions, we can increase profits by around 30% for a small increase in DD.

With FXAE strategies this is easy to do. Set up one chart with the FXAE and the Controller. And another chart with the same FXAE and a lot size equal to 50% of the lot size on the first chart. In this example set the MA on the Controller to 40. Now the FXAE on the second chart will only trade during uptrends, ie during favourable market conditions, thus increasing the overall lot size for this strategy.

(I am not in any way affiliated with Quant Analyzer)

www.fxautotraderelite.com
http://exceptionalfx.com/ea-controller/
https://strategyquant.com/quantanalyzer/
Title: Re: FX Autotrader Elite
Post by: Nadir on May 30, 2018, 09:48:08 PM
Oh that's by coincidence how I use the controller together with FXAE. Tho my goal is simply to see after a year if the controller is actually able to improve performance of EAs or not.

Gesendet von meinem Alpha_X mit Tapatalk

Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 14, 2018, 08:05:40 PM
Great Results

The best performing EA in my EA Controller trial is FXAE V48 164 EURUSD M15.

The performance is shown below - top image is the EA trading by itself; the bottom image includes the extra trades taken during the EA's uptrend as controlled by the EA Controller.

This FXAE SET file is freely available to all FXAE subscribers at http://www.fxautotraderelite.com/resources
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 12, 2018, 09:05:39 AM
Surprise

One of the other free SET files that comes with the Autotrader is 481630 running on EURUSD.

This was one of my experimental strategies when I was investigating momentum-based entries. So I defined a strong candle on the H4 TF by using a MA crossover of the open and closed price of SMA1 (a SMA of 1 is of course the same as price).
An entry was then triggered when the crossover (= the height of the H4 candle) is 40 pips and an exit when the opposite crossover is 100 pips.
TP is 60 with TS of 10 starting at 40 pips.

I had forgotten about this strategy but I have had it running on demo since 26 Feb 2017.
 
And lo and behold - not a bad performance! It is being traded at 0.1 lot on a $1 million demo, and so the profit in pips is a more useful measure.

Of the 62 trades, only 7 were losers and of those only 1 was a big loss of 450 pips. The others were around 60 to 70 pips.

The longest winning trade was 2,192 hrs and the longest and biggest losing trade was 1667 hrs. So the impact of swaps could come into play - long duration Sells would be good for their positive swaps.!
Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 07, 2018, 05:25:39 AM
Playing with MAs

My experimenting with using the DIY Trade Manager Plus with the PZ Bollinger EA (https://donnaforex.com/index.php?topic=20211.msg380025#new) led me to see what I could do with using MA crossovers on the Autotrader using the BB MA (SMA 15 on Open) of that EA as one of the MAs. After some fiddling I chose a SMMA of 10 on Close and Shifted 10. And then set TP and SL based on ATR and added BE and TS much as in the PZ Bollinger Band EA set file.

All done within the hour, no coding skills needed. Visual BT only and now for forward testing for a few months.

On a visual BT, see image, it looks promising. Green shaded areas would have been wins including BEs, and red-shaded areas losses. So far I have one BE trade. The trades are different to the ones taken by the PZ BB EA, but hedging is a feature of this new set file as is the PZ BB EA.

It will be very easy to run a set of exit strategies, like I am doing with the PZ BB EA, and without having to use the TM. Since the Autotrader is fitted with the FX Blue signal technology, I can also run these with the EA Controller to keep an eye on the market dynamics and hence profitability.

http://www.fxautotraderelite.com/
http://diytrademanagerplus.com/
http://exceptionalfx.com/ea-controller/
Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 08, 2018, 04:23:06 AM
Playing with MAs

My experimenting with using the DIY Trade Manager Plus with the PZ Bollinger EA (https://donnaforex.com/index.php?topic=20211.msg380025#new) led me to see what I could do with using MA crossovers on the Autotrader using the BB MA (SMA 15 on Open) of that EA as one of the MAs. After some fiddling I chose a SMMA of 10 on Close and Shifted 10. And then set TP and SL based on ATR and added BE and TS much as in the PZ Bollinger Band EA set file.

All done within the hour, no coding skills needed. Visual BT only and now for forward testing for a few months.

On a visual BT, see image, it looks promising. Green shaded areas would have been wins including BEs, and red-shaded areas losses. So far I have one BE trade. The trades are different to the ones taken by the PZ BB EA, but hedging is a feature of this new set file as is the PZ BB EA.

It will be very easy to run a set of exit strategies, like I am doing with the PZ BB EA, and without having to use the TM. Since the Autotrader is fitted with the FX Blue signal technology, I can also run these with the EA Controller to keep an eye on the market dynamics and hence profitability.

http://www.fxautotraderelite.com/
http://diytrademanagerplus.com/
http://exceptionalfx.com/ea-controller/


And a scale-in trick for ranging Markets

One other thing I am going to do in this experiment is to use the scale-in feature of the Autotrader and use it as follows based on the notion of a ranging market and to more closely mimic the behaviour of a BB strategy (Buys and Sells are triggered at extremes of price movement).

1. On one copy I will set it to take a reverse scale-in at a few pips before the TP target. Eg when a Buy has reached its 100 pip TP, then a Sell scale-in will have been already triggered at 95 pips, ready to start the return journey while price is ranging.

2. On the second copy I will set it to take a normal scale-in for when the trade goes into a loss at a few pips before the SL is reached. Eg when a Buy has reached its -100 pip SL, a new Buy scale-in will have been activated at -95 pips (so yes a marty type trade) ready to start the return journey while price is ranging.
(We need to use two copies of the Autotrader since we can set either normal or reverse scale-ins, but not both. To avoid excessive risk, just half the normal lot size on each).

And then to avoid trading this ranging market strategy during a trending market, I will use the Price Control feature of the Autotrader to disable the EAs once price moves out of its current range as measured on the Daily chart. And wait and reset levels once a new range is established.

The image shows the Autotrader's Price Control settings. The levels set are based on the current range for EURUSD as evidenced on the Daily chart also shown.

Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 15, 2018, 06:54:25 AM
Results from the FXAE MA version of the PZ BB EA
(Pls refer previous two Replies)

We only have one week of trading so far. But:

1. This MA cross-over version (magic 481655) during this period had 9 trades with 86% win rate vs 10 trades with the PZ BB EA (magic 567893) with 80% win rate. So similar results. (I am using ATR-based settings for TP and SL as well as TS for magic 481655, and the magic 57 series).

2. The second MA version with the scale-ins (magics starting with 57) started trading a day or so later with a 100% win rate so far. Note that these trades are with 0.01 lot size compared to 0.1 lot for the others as shown below due to account constraints.

So all positive at this early stage and with price staying range-bound as defined. These EAs will stop trading once price moves out of the range of 1.151 to 1.175. When that happens we will reassess as to when a new range is formed.

http://www.fxautotraderelite.com/
Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 21, 2018, 06:09:15 AM
After Two Weeks

Not many trades as yet with these new strategies after two weeks.

These three EAs , 481655, 571656 and 571657 (the latter with reverse scale-ins ending in ....11), all have price control activated meaning they could only trade while price was between 1.151 and 1.175 ( the easily identified range on the Daily chart).

Price has broken through the upper level and so the EAs will not take any new trades; just manage the one open trade till closure.

On the daily chart, price has broken through a key Resistance level which coincides more or less with what could well be the neckline of an inverted H&S pattern and a possible move up of around 400 pips or so. That would not be healthy for a ranging strategy, so best to be out. If of course we get a strong reversal and move back below 1.175, the EAs will start trading again.

Additionally, I could alter the settings to more of a trend following strategy, adjust the Price Control settings from Range to Trend, and see if there is indeed 400 pips to be gained.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on September 28, 2018, 06:12:49 AM
Surprise

One of the other free SET files that comes with the Autotrader is 481630 running on EURUSD.

This was one of my experimental strategies when I was investigating momentum-based entries. So I defined a strong candle on the H4 TF by using a MA crossover of the open and closed price of SMA1 (a SMA of 1 is of course the same as price).
An entry was then triggered when the crossover (= the height of the H4 candle) is 40 pips and an exit when the opposite crossover is 100 pips.
TP is 60 with TS of 10 starting at 40 pips.

I had forgotten about this strategy but I have had it running on demo since 26 Feb 2017.
 
And lo and behold - not a bad performance! It is being traded at 0.1 lot on a $1 million demo, and so the profit in pips is a more useful measure.

Of the 62 trades, only 7 were losers and of those only 1 was a big loss of 450 pips. The others were around 60 to 70 pips.

The longest winning trade was 2,192 hrs and the longest and biggest losing trade was 1667 hrs. So the impact of swaps could come into play - long duration Sells would be good for their positive swaps.!

And a variation

Given the success of this one, I decided to make the same strategy on a new version of FXAE which allows for multiple trades to be taken while another trade is open once the entry condition is met again. The thinking here is that if a trade gets caught in a drawn-out losing position (eg like the 2,192 hr one we have had earlier), we would like to take new trades during this period which hopefully will close in profit.

Which is exactly what we have now. So the first two Sell trades which started on 12 August are still open and in loss at around 300 pips each. However in the meantime we have had 14 winning trades netting 608 pips. So on a an equity basis we are net zero. Let's see if the EURUSD keeps going south; that would be nice.

(Compared to V481630, the new V571630 has taken twice as many trades (14 vs 7) in the period from 12 August realising 608 pips vs only 278 pips for V481630.)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 11, 2018, 04:21:20 AM
Serendipitous
(occurring or discovered by chance in a happy or beneficial way)

I am developing a liking for making price action type strategies with the Autotrader. That is, using MA crossovers with MA period 1 (ie price) and using the shift function to compare current price with price x bars previously (the technique used in the Heiken Ashi indicator).

So I set up two similar strategies with slightly different exits, and wow, look what has happened since 24 September! If only I had been trading these on live.

But it looked like the EAs should be taking a lot more trades with the settings I had; and the BTs were bad. Until I discovered that by some serendipitous fluke the default settings I started with had an unusual RSI entry setting as one of the entry conditions. A leftover from my donna forex webinar series in 2015 I think.  http://www.diyforexskills.com/webinar-series-developing-profitable-forex-strategies/

I know that these strategies will not be profitable forever - but with the EA Controller in place I will be alerted as to when I should call it quits. And then move onto the next and so on... The idea being to run several strategies (you can make as many as you want with the Autotrader) always on demo and trade those strategies that are profitable on live until the Controller's MA says to stop. And then probably in a year or so, market conditions will again favour that strategy, and so can be traded on live again.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 18, 2018, 05:53:00 AM
Serendipitous
(occurring or discovered by chance in a happy or beneficial way)

I am developing a liking for making price action type strategies with the Autotrader. That is, using MA crossovers with MA period 1 (ie price) and using the shift function to compare current price with price x bars previously (the technique used in the Heiken Ashi indicator).

So I set up two similar strategies with slightly different exits, and wow, look what has happened since 24 September! If only I had been trading these on live.

But it looked like the EAs should be taking a lot more trades with the settings I had; and the BTs were bad. Until I discovered that by some serendipitous fluke the default settings I started with had an unusual RSI entry setting as one of the entry conditions. A leftover from my donna forex webinar series in 2015 I think.  http://www.diyforexskills.com/webinar-series-developing-profitable-forex-strategies/

I know that these strategies will not be profitable forever - but with the EA Controller in place I will be alerted as to when I should call it quits. And then move onto the next and so on... The idea being to run several strategies (you can make as many as you want with the Autotrader) always on demo and trade those strategies that are profitable on live until the Controller's MA says to stop. And then probably in a year or so, market conditions will again favour that strategy, and so can be traded on live again.

True to form

So as soon as I started trading this strategy on live account, Murphy's Law was activated and we had a few losses.

So I checked the RSI settings again, as shown in previous post, against the trades taken and realised that the 73 bars back setting was next to useless. What would have made a big difference however was if we had set the RSI Entry Slope to true relative to 1 bar back. So for a Sell the RSI must be between 50 and 40 AND the RSI value must be less by at least 1 unit than in the previous bar.; ie sloping down. Vice versa for Buys (sloping up).

Such a setting would have avoided the three recent losses and would not have affected the winning trades we have had.

And since this is the Autotrader, no change in coding required. Just a couple of simple settings to change.

http://www.fxautotraderelite.com/
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 20, 2018, 07:25:23 AM
The Controller at Work

The new GU price action type strategy described in the two previous Posts, has had a rough week since I also started trading it on live.

Not quite what we wanted. But since the EA on the live account is linked to the EA on the demo account via the Controller, I can still sleep easy. The DD visible on the demo as shown below has activated the Controller to signal NO to the EA on the live account and so that EA will not be trading until the EA's performance on the demo account picks up again.

So I am only slightly down on my live account from this week's trading, but won't suffer any more losses until the demo EA starts to run into profit again. That is, until the market returns to the favourable conditions for this strategy.

http://www.fxautotraderelite.com/
http://exceptionalfx.com/ea-controller/
Title: Re: FX Autotrader Elite
Post by: diyforexskills on October 30, 2018, 07:37:21 AM
The Controller at Work

The new GU price action type strategy described in the two previous Posts, has had a rough week since I also started trading it on live.

Not quite what we wanted. But since the EA on the live account is linked to the EA on the demo account via the Controller, I can still sleep easy. The DD visible on the demo as shown below has activated the Controller to signal NO to the EA on the live account and so that EA will not be trading until the EA's performance on the demo account picks up again.

So I am only slightly down on my live account from this week's trading, but won't suffer any more losses until the demo EA starts to run into profit again. That is, until the market returns to the favourable conditions for this strategy.

http://www.fxautotraderelite.com/
http://exceptionalfx.com/ea-controller/


A bit more tweaking

This strategy appears to be pulling out of its DD as shown in the bottom charts. Both the results from the MA and the PF versions of the Controller are shown. So performance is still well below PF (20) of 1.2 but closed P/L could soon  be moving above its SMA 20 and hence restart the EA on the live account.

The top chart shows the BT result from 2 July after some further tweaking of the settings. This has almost doubled the profit with only a small increase in DD. So I have now started this version as well on my indefinite demo account which I use to work alongside my live account via the Controller.

Now for the rest of the new SET files that are showing promise and ready to be moved from my development test bed demo account to my indefinite demo account for linking to my live account.

(And since it is our wedding anniversary today, I had better start cooking that dinner!)

http://www.fxautotraderelite.com/
http://exceptionalfx.com/ea-controller/
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 10, 2018, 05:48:19 AM
Filtering an Hourly Strategy with a Daily Filter

The GU strategy described in previous few Posts is treading water. Looking at the charts and switching between timeframes, it occurred to me that a filter based on the Daily could improve performance. With the Autotrader that is easy to do since we have three MTF modules for MA crossovers.

The results, after optimising, are far better than I had hoped. At least in back testing.

Nearly a halving of the number of trades but a doubling of the profit with a 20% or so reduction in DD. Time to make the change and see if forward testing produces the same improvements.
Title: Re: FX Autotrader Elite
Post by: FLechdrop on November 10, 2018, 02:10:43 PM
Looks promising! So under which conditions exactly does it switch off the EA?
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 10, 2018, 09:30:36 PM
At this stage I am using the Controller (MA) with SMA set to 20 for this strategy. So the EA is switched off when closed P/L falls below its SMA 20.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 22, 2018, 06:17:49 AM
Half price sale

For a limited time you can now purchase the Autotrader and any of my four products for "half price".
(These prices will show when you reach the Order page. No Coupon code is needed.)

FX Autotrader Elite http://www.fxautotraderelite.com/  $150   

EA Controller http://exceptionalfx.com/ea-controller/  $40 (Both the MA and the PF versions! See also https://donnaforex.com/index.php?topic=19585.msg382762#msg382762)

DIY Trade Manager Plus http://diytrademanagerplus.com/  $40  (use with manual trades or in conjunction with the Controller as described in the Controller thread)

Magic Wand http://exceptionalfx.com/magic-wand/ $40

With the Magic Wand EA you can place dynamic entry and exit points based on your own trendline analysis of the charts, and have the Magic Wand EA enter and manage the trade for you while you sleep or are otherwise occupied. You can also do all the analysis and place all the setups over the weekend if that is the only time you can devote to trading. See also https://donnaforex.com/index.php?topic=20042.msg382525#msg382525

(Free upgrades for the Autotrader and TM will be made available by mid-December)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 25, 2018, 05:54:59 AM
Money Management

We have all probably spent several thousand dollars buying EAs, hopefully have made some money, and most likely most of the EAs are in the bottom drawer not being used.

If you are tired of that approach to managing your money, you could try the Autotrader approach. A one-off purchase, this week only $150, and you could be making your own strategies/EAs without incurring further purchasing costs (apart from the Controller at only $40 this week.)

For instance, in mid-October, I made six different Daily strategies, two for each currency pair - GU, GBPCAD and CADJPY. Based purely on examining the charts and playing around with different MA settings, including using an MA1 (=price) and shift (in order to compare price between days.

So now I have these six running on my development test MT4 platform to see how they might work. The results so far are as shown in the image. Looks like two, maybe three could turn out to be OK. In fact I have already started trading these three on my indefinite demo account ready to be linked to my live account if and when their performance curve shows that they are suitable for controlled trading.

Since no EA runs profitably all the time year in, year out, the ability to create new ones at will without cost and trade them with the Controller, is one way of sound money management.

For a limited time you can now purchase the Autotrader and any of my four products for "half price".
(These prices will show when you reach the Order page. No Coupon code is needed.)

FX Autotrader Elite http://www.fxautotraderelite.com/  $150   

EA Controller http://exceptionalfx.com/ea-controller/  $40 (Both the MA and the PF versions! See also https://donnaforex.com/index.php?topic=19585.msg382762#msg382762)

DIY Trade Manager Plus http://diytrademanagerplus.com/  $40  (use with manual trades or in conjunction with the Controller as described in the Controller thread)

Magic Wand http://exceptionalfx.com/magic-wand/ $40

With the Magic Wand EA you can place dynamic entry and exit points based on your own trendline analysis of the charts, and have the Magic Wand EA enter and manage the trade for you while you sleep or are otherwise occupied. You can also do all the analysis and place all the setups over the weekend if that is the only time you can devote to trading. See also https://donnaforex.com/index.php?topic=20042.msg382525#msg382525

(Free upgrades for the Autotrader and TM will be made available by mid-December)


Title: Re: FX Autotrader Elite
Post by: Humble Trader's Fx on November 25, 2018, 08:15:24 PM
Hello, Andrew.

As noted, there are many reasons why people choose to delve into forex and its not always to make money, although for most that it is the initial attraction which has drawn us to forex and this community but the bottom line as I have stated in a number of posts in the past is "where is the beef"; meaning where is the proof?

That is why we have a number of "clever" developers/vendors, come our way, making unsubstantiated claims for which as you have noted, fall by the wayside when they are asked for proof, especially proof we can all examine and come up with some satisfaction as to how genuine the claims are. In your case, you have been at this since 2014 and I am sure like myself, you have been doing forex more years that you can remember.

I realize that your impetus in selling your product(s) is to offer those of us who are wary of buying bot after useless bot, spending hundreds and sometimes thousands of dollars to purchase only to find out that their use, leads to additional loss of equity. So now I am going to be straightforward with you and ask the simple question which has been nagging at me since:

Of all the tests and blood sweat and tears, you have been putting into your systems or the similar effort you have seen by any others, who have purchased your system and made similar efforts, is there a single system which you or anyone else has developed, which you can point at using a myfxbook history of a real live "ongoing" account, to which you can refer to us which will give us the courage to continue in this path; just as important one which we can use your software and *.set file(s) and make a go of this?
In a similar fashion, you would have more success in selling your system(s) if people could see the results and most importantly you could build a source of repeat business whereby from time to time you could sell an updated *.set file(s) with a proven track record(s) for people to purchase at a minimal cost; or develop a new type of marketplace whereby people who use your system could sell their set files similarly.

Just a few ideas and clarification, if you may.

Regards,
HumbleTrader
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 25, 2018, 11:37:51 PM
Now that is a challenging Post Humble Trader!

The short answer is No. A longer rambling answer follows.

I believe there are many genuine developers/vendors making good forex products and providing great support services. Wall Street comes to mind. And many good traders who know how to use these good products as evidenced in the various threads on this Forum.  For some of these, vendors and traders alike, it is a profession providing their livelihood and so they charge and trade accordingly.

In my case I am in forex trading as an interest, keen to be profitable but not essential, except that I don't want to lose money doing it. So far that has been achieved despite some huge losses trading marty/grid systems. But my wins have been spasmodic, not orderly. I really feel that I have been on a learning curve ever since I started in 2010, with that curve rising asymptotically in the last two years. I nearly decided to quit in 2017 but instead I set aside all of 2018 to experiment without worrying about making money. So now nearly ready to make a disciplined run at making money in 2019.

And if I can do that on a single live account whose record I can share on FX Blue or myfxbook, then I may consider offering it as a Darwin or other signal provider for those who don't have the time or inclination to trade themselves.

The DIY (do it yourself) in my diyforexskills name is deliberate. The Autotrader, like my other three products, are trading tools for do-it-yourselfers. I am happy to share set files with others (eg see Set Files and Notes in http://www.fxautotraderelite.com/resources/) but I am not in the game of regularly updating them. Nor do I trade them all diligently on a live account to share on myfxbook or FX Blue. I do Post on ideas that I have which others may want to follow or build on but on re-reading some of them on this thread, I even find them hard to follow myself! Will have to do better, be more lucid.  :)

Yes, you are right that I would probably have more success in selling my systems if I did far more "hand-holding" and show a disciplined verification of trading results. As much as I would like to recover the insane amount I spent on an internet marketing course for my little "business', I don't want to go down that road. But I do enjoy the interaction with those who are using the products for their trading or those who are thinking of doing so. Those sorts of interactions often lead to new ideas. Either as trading strategies (set files), systems (eg Controller plus TM) and/or as (free) updates for my products to enable that.

That's my niche in this huge forex marketplace.

Title: Re: FX Autotrader Elite
Post by: Humble Trader's Fx on November 25, 2018, 11:55:17 PM
Hello, Andrew.

I can see where you are coming from and in most part have a common "share" but at the end of it all, it would be nice to have the financial reward or a "graduation certificate" to hang on the wall of success.

On the second part, I am sure your tool(s) are very useful to people like Donbon2, who has the in-depth knowledge of the market but has struggled to communicate with some developers whose EA's could use some tweaks but has very little success in convincing them or communicating with them his observations: He has already provided us with a number of *.set files and I am sure if he can master your tools he will be able to come up with even better results if he "has the time", that precious commodity to apply to them.

Let's keep trying and enjoying the journey.

Regards,
HumbleTrader
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 26, 2018, 06:40:07 AM
Hello, Andrew.

I can see where you are coming from and in most part have a common "share" but at the end of it all, it would be nice to have the financial reward or a "graduation certificate" to hang on the wall of success.

On the second part, I am sure your tool(s) are very useful to people like Donbon2, who has the in-depth knowledge of the market but has struggled to communicate with some developers whose EA's could use some tweaks but has very little success in convincing them or communicating with them his observations: He has already provided us with a number of *.set files and I am sure if he can master your tools he will be able to come up with even better results if he "has the time", that precious commodity to apply to them.

Let's keep trying and enjoying the journey.

Regards,
HumbleTrader

OK, I got the Certificate all ready to go. See attached.   :)

Now we just need to find the worthy recipients for 2018. I will do my best for 2019.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on November 30, 2018, 12:59:48 AM
Half price sale Finishes on Friday

For a limited time you can now purchase the Autotrader and any of my four products for "half price".
(These prices will show when you reach the Order page. No Coupon code is needed.)

FX Autotrader Elite http://www.fxautotraderelite.com/  $150   

EA Controller http://exceptionalfx.com/ea-controller/  $40 (Both the MA and the PF versions! See also https://donnaforex.com/index.php?topic=19585.msg382762#msg382762)

DIY Trade Manager Plus http://diytrademanagerplus.com/  $40  (use with manual trades or in conjunction with the Controller as described in the Controller thread)

Magic Wand http://exceptionalfx.com/magic-wand/ $40

With the Magic Wand EA you can place dynamic entry and exit points based on your own trendline analysis of the charts, and have the Magic Wand EA enter and manage the trade for you while you sleep or are otherwise occupied. You can also do all the analysis and place all the setups over the weekend if that is the only time you can devote to trading. See also https://donnaforex.com/index.php?topic=20042.msg382525#msg382525

(Free upgrades for the Autotrader and TM will be made available by mid-December)
Title: Re: FX Autotrader Elite
Post by: donbon2 on January 28, 2019, 10:19:56 PM
I do think more people will head over into the auto trader one this year -- as HT mentioned before many EA makers seem bit stubborn to alter anything - when it is obvious there is a problem.

for myself I probably bought 5k worth of EAs - when all I really needed was your autotrader or some other program to build the code for me

I am sure many are in the same boat -- the only thing holding them back is the strategy itself. In this regard I think I have made a positive contribution showing people you can use other EA ideas and tweak them or change them slightly to actually work better -- and if your game to actually take that idea and start from scratch.

note the work on the BB strategy and MA Crossover Strategy

anyway keep up the good work - and for the many traders here do check these sorts of things out as they are a viable option.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on January 28, 2019, 10:44:24 PM
Yes, it really helps when people can feed of each other's ideas and experiments. You (donbon2) have certainly provided all of us with those.
And so the next major upgrade of the Autotrader is to add the ATR-modulated MA crossovers, an ATR filter and a few other "nice to have" that I have in mind.
But first we have to finish the addition of two MTF Stochastic modules which one of our new subscribers has "commissioned".
Title: Re: FX Autotrader Elite
Post by: donbon2 on January 28, 2019, 11:17:34 PM
Yes and I think the work we have done - by adding in those extra options makes the tool more flexible and responsive to what people need ... which is something you do not get when you buy an EA for example.

Anyway we will keep working and keep looking for more things that make everything work the best it can.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on January 29, 2019, 04:31:02 AM
So apart from the addition of an ATR filter, the ATR-based MAs, and the Stoch, what other features would you have in mind for the Autotrader?

It's already quite a large and complex code so we need to be selective. It is easy to become overwhelmed with options and after all, all indicators are based on price in one way or another and there are only so many hours in a day to dream up new strategies.
Title: Re: FX Autotrader Elite
Post by: donbon2 on January 29, 2019, 05:56:26 AM
yeah I know what you mean.

for right now that is what I would look at that you mentioned above -- I am pretty burnt out today so I am just going to step away for a while and be back tomorrow morning.

Right now the perfect EA would look like this

Risk Amount Percentage or Lot Size

ATR Filter Daily
ATR Period

MA Short Exponential
Ma Long Exponential

Breakeven first level
Initial Pips for SL once BE level touched

sl
tp

Second Level to Adjust SL
Pip Level for second level

Trail Pips at this point - once level touched in pips it starts trailing by last bar low if SL closer


anyway Im off for now
Title: Re: FX Autotrader Elite
Post by: diyforexskills on January 29, 2019, 09:46:20 AM
That's all doable with the Autotrader; except for "starts trailing by last bar low if SL closer".

But can trail by ATR multiple at ATR multiple specified level; or trail by pips from specified pip level.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on January 31, 2019, 05:16:34 AM
Adding Stochastics to Autotrader

One of our subscribers has commissioned the addition of two Stochastic modules so as to be able to trade on OBOS signals in pullback on longer term trends.

With just a bit of testing I created a strategy with BT results as shown. Using tick data from history centre since I don't place all that much emphasis on 99.9% tick data - after all, the brokers we use rarely if ever give us such high quality data to trade with!

Exhaustive optimisation using many features of the Autotrader was done on open prices (all entries are at close of bar) before honing in on key variables and testing on tick data.

More details on features used will be posted in the DB2 private thread.

Whether or not this Stoch addition will become available to current or new subscribers will depend on the person who commissioned this addition. So this is really to advise that these things can be done; others additions that have been made in the past were OsMA and CCI.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on February 01, 2019, 07:38:31 AM
Double MA crossovers

Building on donbon2's lead with PZ MA crosses, here are the results for two optimised double MA crosses - showing result for BT period for 1 Jan 2017 to late Jan 2019 - developed on the Autotrader using two of the MTF MA modules and various money management features including ATR-based TP etc; and multiple and re-entry trades.

We should be able to improve further on this when the upgraded Autotrader becomes available later this month. But not a bad start. No grid, no martys so no need for panic when trading these.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on February 01, 2019, 12:47:40 PM
Triple Multi Timeframe MA Crossover

Previous Post had two examples of double multitimeframe MA crossovers - on M30 and H4.

So now we have gone one better and added a third MA crossover on the H1. And improved our return - profit wise and DD wise.

This one is for AUDUSD on M30. Will now work on others.
Title: Re: FX Autotrader Elite
Post by: FLechdrop on February 01, 2019, 01:11:27 PM
Looking good. How long is this backtest?
Title: Re: FX Autotrader Elite
Post by: diyforexskills on February 01, 2019, 09:49:30 PM
Two years from 1 Jan 2017.
Title: Re: FX Autotrader Elite
Post by: FLechdrop on February 01, 2019, 09:55:22 PM
Very decent!
Title: Re: FX Autotrader Elite
Post by: diyforexskills on February 03, 2019, 07:43:10 AM
Yes, decent (see first image) but for how long will it be decent going forward?

For instance if we BT this strategy over the period 2014 to end 2018 (second image), it clearly fails under market conditions prevailing over those early years from 2014 to end 2016. And who knows whether similar market conditions will not be repeated?

So we can re-optimise the strategy over the period 2014 to end 2016 (third image), and then BT it over 2017 and 2018 (4th image).

So the strategy had to be altered quite radically and when we then use it for 2017 and 2018, the results are poor, especially for 2018, when compared to 2017-18 optimised set file in first image.

So the age-old dilemma remains with us. Over how long a period should we optimise and for how long can we use that optimisation before needing to re-optimise once more? What trigger point do we use to make that judgement? A certain DD level based on max DD in previously optimised BT period?

It was that frustration that led me to develop the Controller. With that I can optimse a strategy over several past periods, run them all simultaneously on demo and then let the Controller use the performance of each strategy to selectively enable trading on live account.

The next attempt at providing a solution to this dilemma is to build in an ATR filter and ATR-based MAs into the Autotrader to see if ATR variation in market conditions enables the EA to self-adjust as market conditions change. That project is under way.

(PS. Graphs are shown using Open prices on Strategy Tester. Since the strategy has entries only on close of bar, this testing closely resembles that obtained from using tick data. So provides good first order indication and enables rapid optimisation over a wide range of parameters.)
Title: Re: FX Autotrader Elite
Post by: FLechdrop on February 03, 2019, 09:03:37 PM
Yes, the ATR thing would obviously be the best solution, if it can be made to work...
Title: Re: FX Autotrader Elite
Post by: FLechdrop on February 04, 2019, 08:34:08 AM
This fellow suggests using ATR for money management, too. Seems to make some sense:

https://youtu.be/086ozcHDZPw
Title: Re: FX Autotrader Elite
Post by: diyforexskills on February 04, 2019, 09:45:38 AM
Yes, interesting video and series. Thanks. So maybe, after checking this out further, I will add ATR-based lot size selection to the autotrader. Pretty simple thing to do and would nicely complement all the other parameters that will now be ATR-based in the Autotrader - TP, SL, TS, BE, partial close levels, MA periods of MA crosses, BB Deviations; and finally as a filter in its own right.
Title: Re: FX Autotrader Elite
Post by: Nasdaq100 on February 04, 2019, 09:49:58 AM
I think this is the way to go. instead of hiding the algorithm in a dll file, instead, just make it easily accessible by the public
and give them the chance to tweak it for you when ever it needs to be tweeked.

Question to vendor: do you have a live myfxbook with a decent account to follow?

Thanks
Title: Re: FX Autotrader Elite
Post by: diyforexskills on February 04, 2019, 10:16:39 AM
I think this is the way to go. instead of hiding the algorithm in a dll file, instead, just make it easily accessible by the public
and give them the chance to tweak it for you when ever it needs to be tweeked.

Question to vendor: do you have a live myfxbook with a decent account to follow?

Thanks
That would be how we would do it. Just a TF, period and multiplier ATR selection parameter set on the Inputs tab for lot size selection. Currently can only set as either fixed or %Balance based.

The one myfxbook account in my sig is an account I am going to develop into a "decent size" account over the coming year. Build it up slowly.
Am also involved in a collaboration on a $11K live account for a signal service which we are not yet ready to go public with - monthly return does not yet meet our KPI. See the Nexus Dash thread for how we are managing this - https://donnaforex.com/index.php?topic=21298.0  We are already also running our own live client account (second image) so as to check on the copier performance. Early days.

Current performance of the master account is as shown below (first image), also indicating the time we made our first major adjustment to the portfolio after a year of trading.
Title: Re: FX Autotrader Elite
Post by: FLechdrop on February 04, 2019, 10:28:17 AM
In this vid he explains a bit more how he uses ATR for risk.

With SL at 1.5 times ATR, he uses 2% of his account divided by 1.5 * ATR value to determine the monetary value per pip he wants to use. How much that would be in lot size depends on the pair you are trading and the currency of your account...

EDIT: Might be helpful to linke the actual video: https://youtu.be/bqWLFNpK6eg
Title: Re: FX Autotrader Elite
Post by: diyforexskills on February 04, 2019, 10:49:27 AM
Thanks. So nowhere near as simple as I first assumed. Will study it.
Title: Re: FX Autotrader Elite
Post by: reinerh on February 04, 2019, 01:28:27 PM

diy,

your second image looks very nice,

what it boils down to is one simple value, gains to dd ratio. well done so far :)
Title: Re: FX Autotrader Elite
Post by: Nasdaq100 on February 04, 2019, 04:43:13 PM
I think this is the way to go. instead of hiding the algorithm in a dll file, instead, just make it easily accessible by the public
and give them the chance to tweak it for you when ever it needs to be tweeked.

Question to vendor: do you have a live myfxbook with a decent account to follow?

Thanks
That would be how we would do it. Just a TF, period and multiplier ATR selection parameter set on the Inputs tab for lot size selection. Currently can only set as either fixed or %Balance based.

The one myfxbook account in my sig is an account I am going to develop into a "decent size" account over the coming year. Build it up slowly.
Am also involved in a collaboration on a $11K live account for a signal service which we are not yet ready to go public with - monthly return does not yet meet our KPI. See the Nexus Dash thread for how we are managing this - https://donnaforex.com/index.php?topic=21298.0  We are already also running our own live client account (second image) so as to check on the copier performance. Early days.

Current performance of the master account is as shown below (first image), also indicating the time we made our first major adjustment to the portfolio after a year of trading.

Absolutely 100% agree. the fact that you can set-up a  multiple work groups to work on optimization is a big plus in my opinion.

I am watching this closely, keep up the good work.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on February 05, 2019, 04:13:52 AM
In this vid he explains a bit more how he uses ATR for risk.

With SL at 1.5 times ATR, he uses 2% of his account divided by 1.5 * ATR value to determine the monetary value per pip he wants to use. How much that would be in lot size depends on the pair you are trading and the currency of your account...

EDIT: Might be helpful to link the actual video: https://youtu.be/bqWLFNpK6eg

Not sure I have taken it all in and understood. To me if we select a %risk based lot size then that means just that - we risk a dollar amount of capital; irrespective of what the pip value is of any pair we are trading. I like that simplicity.

But this little excursion has raised the following idea.

Currently in the Autotrader the %Risk lot size setting is based on either the fixed SL set or the ATR-based SL set. So if ATR is high, we take a smaller lot size.

But what if we added an ATR multiplier setting to the lot size calculation?

If the multiplier for lot size selection is set to 1, we would have lot sizes as we do now, ie based on whatever %risk value we had set and whatever the ATR value was at the close of the previous bar

If multiplier for lot size selection is set to a number > 1, we would reduce the %risk lot size when volatility increases (while SL stays the same), ie become more risk averse. And we would increase lot size when volatility decreases, become more risk tolerant. So if we had a strategy that was still profitable in low volatility/ATR conditions, we would be trading with a higher risk/higher lot size, and hence make more money. But when the markets then become more volatile, our risks would be decreased via lower lot size selection.

If multiplier for lot size selection is set to < 1, we would have the inverse of the scenarios above.

We will also have an ATR filter for entries; either > or  <  (strategies that work well only in high volatility conditions; or ones that work well only in low volatility conditions). So we could mix and match lot size multiplier settings depending on the strategy.

Comments anyone?  Have I missed something and/or does this make sense?
Title: Re: FX Autotrader Elite
Post by: FLechdrop on February 05, 2019, 09:00:09 PM
Not sure I have taken it all in and understood. To me if we select a %risk based lot size then that means just that - we risk a dollar amount of capital; irrespective of what the pip value is of any pair we are trading. I like that simplicity.

Yes, I think this does sound a bit more complicated than is necessary. However it makes sense that if he bases his SL on 1.5 ATR, the % based lot size would take into account this same amount of pips. As in the value per pip * 1.5 ATR in pips should be equal to your % risk amount. Comes down to the same thing as what he is saying.
Title: Re: FX Autotrader Elite
Post by: donbon2 on February 05, 2019, 11:41:03 PM
worrying about the SL and TP and position sizing sort of comes after you built the strategy.

the main thing is that the strategy can be altered by a daily reading of the ATR which then causes other inputs to be changed according to new market conditions.

also I need to think about how to resolve the age old issue of trend vs range.

anyway once it is finished and I can take a look I can move onto that -- before I was using CMI but I think given everything else it probably is time to look at something new
Title: Re: FX Autotrader Elite
Post by: donbon2 on February 05, 2019, 11:44:47 PM
I just want to make one final point that I think everyone understands now.

These EAs that we have been buying are built by developers who in most cases have never really been professional traders - they are retail based - think like retail traders and are restricted in how they approach things by that limitation.

while we are certainly not looking to reinvent the wheel - we are looking at something that they are not really aware of.

Also the time for making an EA putting up a 10 year backtest and selling it are over .. we are all aware that for the most part those EAs once they go on a real account head straight into DD.

it simply is time for a new approach and fresh thinking.
Title: Re: FX Autotrader Elite
Post by: Humble Trader's Fx on February 06, 2019, 12:33:24 AM
I just want to make one final point that I think everyone understands now.

These EAs that we have been buying are built by developers who in most cases have never really been professional traders - they are retail based - think like retail traders and are restricted in how they approach things by that limitation.

while we are certainly not looking to reinvent the wheel - we are looking at something that they are not really aware of.

Also the time for making an EA putting up a 10 year backtest and selling it are over .. we are all aware that for the most part those EAs once they go on a real account head straight into DD.

it simply is time for a new approach and fresh thinking.

Stir the ship "'Mon Capitaine"; being able to read the stars in the darkness of night, will lead us to safety.   ;)


Regards,
HumbleTrader
Title: Re: FX Autotrader Elite
Post by: diyforexskills on March 25, 2019, 06:56:03 AM
A new way of trading with the Autotrader

Have been working behind the scenes, having the EA modified as per some of the discussions above, and more importantly changing the approach to using the EA.

We end up having multiple sub-strategies each optimised to different volatility conditions over an 18 year period.

So instead of using the EA Controller to switch strategies on or off depending on profitability, we rely on the market dynamics to determine which strategy or strategies should be running at any one time.

This approach shows great promise but does require a lot of optimisation work. Will hopefully get some live trading under way with this new approach by June so we should know by end of year whether this is worth pursuing.

The image below shows the merged results for five sub-strategies based on a test period from 2010 and using fixed lot size. Current testing is being done on period from 2000 till 2019.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 15, 2019, 06:09:01 AM
Update on new Trading Strategy

Work is progressing on developing the MA crossover strategies within ATR ranges. The results for merging the strategies for five currency pairs is shown below. Using 99.9% tick data. Some further enhancements are possible for these and work continues on other currency pairs

The second image shows the approach to optimising these strategies over a 19 year period, this time for USDCAD; bringing one MA crossover into play one at a time. In all, four alternate entry MA crosses and one exit MA cross. Note how the Profit, PF, DD and %Profitable trades improves which each additional MA cross.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 19, 2019, 05:22:36 AM
Further Improvement

As noted in previous post, I have adopted a slightly different approach to the development of these strategies for three new pairs.

So now we have an even better merged performance curve as shown.

Work is now progressing on the other six pairs and will be redoing the initial five pairs with this new approach.

Then we will look at modelling the sixteen or so pairs (up to 60 set files) to maximise the Ret/DD ratio and best year on year performance and minimal stagnation with a view to offering a signal service from a portfolio of these strategies.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on April 26, 2019, 07:19:59 AM
Further Improvement

As noted in previous post, I have adopted a slightly different approach to the development of these strategies for three new pairs.

So now we have an even better merged performance curve as shown.

Work is now progressing on the other six pairs and will be redoing the initial five pairs with this new approach.

Then we will look at modelling the sixteen or so pairs (up to 60 set files) to maximise the Ret/DD ratio and best year on year performance and minimal stagnation with a view to offering a signal service from a portfolio of these strategies.

Have now redone the first of the currency pairs with the new approach to optimisation, and we have a great improvement - profit up three fold and PF up from 1.5 to 2.9 with a much smoother performance curve.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 10, 2019, 01:31:34 PM
Possible Portfolio

Have finished some 6 weeks of work to develop 57 set files/EAs across 16 currency pairs using the Autotrader.

Using Quant Analyser as portfolio modelling tool leads me to using 35 of these to run a portfolio, which on BT shows the results below.

1. It meets my KPIs for 100% pa return with < 20% DD (just 9%). In real trading I would allow for that return to be half as good and DD twice as big. That would still allow me to sleep at night.

2. The Ret/DD ratio (190), the Calmar ratio (10) and z-score (-1.5) are all excellent.

3. Return in 2019 to date is still on the lower side so we need to see how that develops over the coming months in forward testing; and the possible addition of two more strategies which did badly pre-2010 but in BT do really well from then on. All going well it could then be offered as a signal service. No marty, no grid and no scalping. Just a diversified portfolio with long term strategies tuned to market volatility conditions.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 16, 2019, 12:26:34 PM
Multi MA strategy, no ATR filtering

In the last few Posts I shared some results of using a multi-MA approach within defined ATR bands; resulting in having four set files for each currency pair.

But I also tested this concept without using any ATR filtering, and in the process developed a set file for AJ on the H4 timeframe. I have let this strategy run on demo (a $1 million demo account), using mini lots per trade. There is one Initial trade and up to 4 scale-ins for this strategy.

Since 1 March there have been three trading sequences (ie 3 Initial trades and each time four scale-ins have been triggered; in a nice Sell Buy Sell sequence closely following price movement.

There is always a worry when you optimise a strategy up to a recent period, in this case end 2018, from start 2000, that the strategy will tank as soon as you start forward testing. In this case, that certainly has not happened! Every trade has been a winner. On a normal $10K account, we would be up 30%, or 10% pm...... I should have done this testing on my live account!!
Title: Re: FX Autotrader Elite
Post by: diyforexskills on May 24, 2019, 06:46:57 AM
Possible Portfolio

Have finished some 6 weeks of work to develop 57 set files/EAs across 16 currency pairs using the Autotrader.

Using Quant Analyser as portfolio modelling tool leads me to using 35 of these to run a portfolio, which on BT shows the results below.

1. It meets my KPIs for 100% pa return with < 20% DD (just 9%). In real trading I would allow for that return to be half as good and DD twice as big. That would still allow me to sleep at night.

2. The Ret/DD ratio (190), the Calmar ratio (10) and z-score (-1.5) are all excellent.

3. Return in 2019 to date is still on the lower side so we need to see how that develops over the coming months in forward testing; and the possible addition of two more strategies which did badly pre-2010 but in BT do really well from then on. All going well it could then be offered as a signal service. No marty, no grid and no scalping. Just a diversified portfolio with long term strategies tuned to market volatility conditions.

Forward testing on demo has now begun testing all 57 set files at this stage. We have called the portfolio Zephir and you can follow its fortunes on myfxbook as per below. The demo account is $1million but the lot sizing is based on being run on a $10K account. So % Returns and % DDs can be multiplied by 100 for a more realistic view of performance.

As you can see it is an active portfolio, ie many trades although they can be of a long duration. So swap rates will be a consideration in choosing the best broker, while spreads is not much of an issue given the largish TPs and SLs.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 03, 2019, 07:50:08 AM
Back from holidays so time to get back to work.

The Zephir account is a set of 57 FX Autotrader Elite set files covering 16 pairs. BT results (16 years) are described in previous Post. Lot sizing is set for a $10K account but we are actually running on a $1million demo account. So a 0.12% DD is actually a 12% DD etc

So after some 7 weeks we are at -1% with a max DD of 12% at this stage of forward testing. But note also the $182 (2%) in swap costs to date (assumed to be included in the 12% overall DD) - as expected for long term trades. So I have two ideas for going forward.

I have noticed we generally have some 15 +/- 2 open trades and that quite often these open trades reach well over $200 to $250 and higher in profit; before falling back with several eventually closing in losses and dragging down the account balance. Which leads me to wanting to start a separate test in which we include a Close All when equity is in profit by say $250. I can use Equity Sentry for that.

Another option, and test, would be to use the new feature in Autotrader whereby only trades that have +ve swap rates will be traded. (I wonder if that can be BT with Strategy Tester?)

Setting up two MT4s each with 57 EAs/set files sounds like a bit of enjoyment for the weekend.   :)
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 04, 2019, 01:13:36 AM
Back from holidays so time to get back to work.

The Zephir account is a set of 57 FX Autotrader Elite set files covering 16 pairs. BT results (16 years) are described in previous Post. Lot sizing is set for a $10K account but we are actually running on a $1million demo account. So a 0.12% DD is actually a 12% DD etc

So after some 7 weeks we are at -1% with a max DD of 12% at this stage of forward testing. But note also the $182 (2%) in swap costs to date (assumed to be included in the 12% overall DD) - as expected for long term trades. So I have two ideas for going forward.

I have noticed we generally have some 15 +/- 2 open trades and that quite often these open trades reach well over $200 to $250 and higher in profit; before falling back with several eventually closing in losses and dragging down the account balance. Which leads me to wanting to start a separate test in which we include a Close All when equity is in profit by say $250. I can use Equity Sentry for that.

Another option, and test, would be to use the new feature in Autotrader whereby only trades that have +ve swap rates will be traded. (I wonder if that can be BT with Strategy Tester?)

Setting up two MT4s each with 57 EAs/set files sounds like a bit of enjoyment for the weekend.   :)

So looks like we can just re-run the Zephir set files on Strategy Tester using the new version of Autotrader with +ve swap only trades set to true. We won't see the value of any swap gains (but at least we know it will be +ve in live trading) and we can see the results of trading only +ve swap trades. The example shown is for one of the AJ set files. So for this pair, the +ve swap trades only perform slightly worse than running both +v and -ve swap trades together.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 04, 2019, 11:32:40 AM
More on swaps...

Normally it is either the Buy or the Sell that provides a +ve swap. But sometimes both the Buy and the Sell have -ve swaps. And so depending on which broker we are trading with, filltering out negative swaps can result in quite different results in terms of how many trades are taken by the EA for each currency pair.

The image shows a small sample of swap comparisons from myfxbook.

So if I was using the swap filter for the Zephir portfolio, I would not be using the filter for pairs that have negative rates for both buys and sells (would result in too big a decreae in trading activity for this portfolio); unless these negative swaps really ruin the performance.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 07, 2019, 08:25:22 AM
Strategy Development and Optimisation Process

With the many features of the Autotrader it is relatively easy to automate many strategies if we just use a two to five year period for optimisation. Unfortunately most of these will fail going forward in the out of sample (OOS) period.

Consequently, with the Zephir portfolio of strategies, I used a 19 year period for optimisation from 2000 till end 2018, but that left me with only a 4 months OOS period for the BT. Hence we now have Zephir running on a demo account to see how well these strategies will perform going forward. (I was able to do 19 year optimisations relatively quickly by using Open prices with Strategy Tester since entries are set to occur only at close of bar.)

I am now trialing three other options.

1. Using dynamic exits with MAs, ie exits (and of course entries) occur only at close of bar and hence the Open prices results are pretty close to what we get with tick data back-testing.

2.  Using separate MA crosses for entries and exits rather than the exits being the reverse of the MA entry cross

3. Using three different time periods for each of the three optimisation runs.

Run 1 - from 1Jan2000 till 31Dec2005
Run 2 - from 1Jan2005 till 31Dec2011 (a one year overlap)
Run 3 - from 1Jan2000 till 31Dec2016 (covering the full optimisation period and leaving 2.5 yrs of OOS period)

Idea is then in 2024, to redo Run 1 from 1Jan2006 till 31Dec21
In 2029, redo Run 2 from 1Jan2011 till 31Dec26  etc to have a rolling sequential optimisation process every five years.

The image below shows three different approaches to developing a strategy for AUDUSD sells on the H4 TF. The OOS periods are highlighted.

1. Optimising over the period 2010 to 2015 - see how bad the OOS periods are! A 10 and a 4.5 yrs OOS periods.
2. Optimising over three periods sequentially and using the same MA crosses for entries and exits (reverse). A 4.5 yrs OOS period.
3. Optimising sequentially as described above, and using separate MA crosses for entries and exits. A 2.5 yrs OOS period.

From my point of view this last approach shows the most promise and I will now proceed with this method - creating strategies for positive swap trading only. Eg for AUDUSD this means Sells only.


Title: Re: FX Autotrader Elite
Post by: compujock on July 07, 2019, 05:13:07 PM
Further Improvement

As noted in previous post, I have adopted a slightly different approach to the development of these strategies for three new pairs.

So now we have an even better merged performance curve as shown.

Work is now progressing on the other six pairs and will be redoing the initial five pairs with this new approach.

Then we will look at modelling the sixteen or so pairs (up to 60 set files) to maximise the Ret/DD ratio and best year on year performance and minimal stagnation with a view to offering a signal service from a portfolio of these strategies.

I have been following closely all the hard work that you, Donbon, Flechdrop, and others have been doing.  I love the trading methodology and agree this is by far the best way to trade.  As soon as the signal service is available, I will be one of the first to sign up.  Also, just fyi, I am a programmer.  It sounds like you guys don't have a need in this area, but if you ever do, I'm willing to help.  Thanks for all the hard work you guys are doing in order to provide an honest and safe system for people to follow.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 08, 2019, 06:23:18 AM
More on swaps...

Normally it is either the Buy or the Sell that provides a +ve swap. But sometimes both the Buy and the Sell have -ve swaps. And so depending on which broker we are trading with, filltering out negative swaps can result in quite different results in terms of how many trades are taken by the EA for each currency pair.

The image shows a small sample of swap comparisons from myfxbook.

So if I was using the swap filter for the Zephir portfolio, I would not be using the filter for pairs that have negative rates for both buys and sells (would result in too big a decreae in trading activity for this portfolio); unless these negative swaps really ruin the performance.

When I posted on this last week, Axi had negative swaps for longs and shorts for almost all the yen pairs. Unlike most other brokers.

I queried this with Axi, and their response was that there had been a mistake that day and the problem was now fixed. So it only leaves AUDNZD and AUDCAD with negative swaps for both longs and shorts. And they would remedy if any of my trades had been affected.
https://www.myfxbook.com/forex-broker-swaps/axitrader/285

Goes to show that we need to be vigilant at all times and raise any issues with the brokers we work with. Axi has always done that for me having trade with hem since i started 10 yrs ago.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 08, 2019, 08:21:15 AM
More on swaps...

Normally it is either the Buy or the Sell that provides a +ve swap. But sometimes both the Buy and the Sell have -ve swaps. And so depending on which broker we are trading with, filltering out negative swaps can result in quite different results in terms of how many trades are taken by the EA for each currency pair.

The image shows a small sample of swap comparisons from myfxbook.

So if I was using the swap filter for the Zephir portfolio, I would not be using the filter for pairs that have negative rates for both buys and sells (would result in too big a decreae in trading activity for this portfolio); unless these negative swaps really ruin the performance.

Swaps to Date


Zephir has closed 78 trades so far and is in loss by $418 and $185 loss in swaps for a total loss of $603.

If we had traded positive swaps only, we would have traded only 41 trades with a slightly higher loss of $484 but with a gain from swaps of $17; yielding a net loss of $467.

In other words, we would have been better off by almost $140 over this period by trading only positive swap trades.

We will look at this in another few months time, and if this trend continues, we would run Zephir on live account with "Positive Swaps Only" set to true.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 10, 2019, 02:36:57 AM
Further Improvement

As noted in previous post, I have adopted a slightly different approach to the development of these strategies for three new pairs.

So now we have an even better merged performance curve as shown.

Work is now progressing on the other six pairs and will be redoing the initial five pairs with this new approach.

Then we will look at modelling the sixteen or so pairs (up to 60 set files) to maximise the Ret/DD ratio and best year on year performance and minimal stagnation with a view to offering a signal service from a portfolio of these strategies.

I have been following closely all the hard work that you, Donbon, Flechdrop, and others have been doing.  I love the trading methodology and agree this is by far the best way to trade.  As soon as the signal service is available, I will be one of the first to sign up.  Also, just fyi, I am a programmer.  It sounds like you guys don't have a need in this area, but if you ever do, I'm willing to help.  Thanks for all the hard work you guys are doing in order to provide an honest and safe system for people to follow.

Thanks for that compujock. Yes, i have a pretty good and reliable commercial programmer (ferrufx) who codes the Autotrader for me.

But I was thinking. Is there an alternative way to providing a signal service via a copier technology? One that avoids copying and hence any issues associated with that.

For instance, if we had an installer software that could could open say 60 specified charts, loaded with the Autotrader and the 60 set files on a subscriber's MT4 (the sort of portfolio I would run), then the subscriber could just load that and run the portfolio himself - no copying required. As vendor I would still have control over those EAs and I could blank out all the strategy Input functions so as to protect my IP.
So we have a portfolio rental model.

Is that feasible? Would of course require the portfolio to be stable, not requiring too many adjustments.
Title: Re: FX Autotrader Elite
Post by: nick3232 on July 10, 2019, 02:03:58 PM
I just want to make one final point that I think everyone understands now.

These EAs that we have been buying are built by developers who in most cases have never really been professional traders - they are retail based - think like retail traders and are restricted in how they approach things by that limitation.

while we are certainly not looking to reinvent the wheel - we are looking at something that they are not really aware of.

Also the time for making an EA putting up a 10 year backtest and selling it are over .. we are all aware that for the most part those EAs once they go on a real account head straight into DD.

it simply is time for a new approach and fresh thinking.

nailed it bro
Title: Re: FX Autotrader Elite
Post by: user456 on July 10, 2019, 02:56:41 PM
Thanks for that compujock. Yes, i have a pretty good and reliable commercial programmer (ferrufx) who codes the Autotrader for me.

But I was thinking. Is there an alternative way to providing a signal service via a copier technology? One that avoids copying and hence any issues associated with that.

For instance, if we had an installer software that could could open say 60 specified charts, loaded with the Autotrader and the 60 set files on a subscriber's MT4 (the sort of portfolio I would run), then the subscriber could just load that and run the portfolio himself - no copying required. As vendor I would still have control over those EAs and I could blank out all the strategy Input functions so as to protect my IP.
So we have a portfolio rental model.

Is that feasible? Would of course require the portfolio to be stable, not requiring too many adjustments.

Almost everything is possible. I did once build a web interface in order to manage the input parameters for my expert advisors from one remote application no matter where they are running. If you need to hide the ea's settings you can just encrypt webtraffic. Food for thought :)
Title: Re: FX Autotrader Elite
Post by: compujock on July 10, 2019, 04:05:56 PM
I have been following closely all the hard work that you, Donbon, Flechdrop, and others have been doing.  I love the trading methodology and agree this is by far the best way to trade.  As soon as the signal service is available, I will be one of the first to sign up.  Also, just fyi, I am a programmer.  It sounds like you guys don't have a need in this area, but if you ever do, I'm willing to help.  Thanks for all the hard work you guys are doing in order to provide an honest and safe system for people to follow.

Thanks for that compujock. Yes, i have a pretty good and reliable commercial programmer (ferrufx) who codes the Autotrader for me.

But I was thinking. Is there an alternative way to providing a signal service via a copier technology? One that avoids copying and hence any issues associated with that.

For instance, if we had an installer software that could could open say 60 specified charts, loaded with the Autotrader and the 60 set files on a subscriber's MT4 (the sort of portfolio I would run), then the subscriber could just load that and run the portfolio himself - no copying required. As vendor I would still have control over those EAs and I could blank out all the strategy Input functions so as to protect my IP.
So we have a portfolio rental model.

Is that feasible? Would of course require the portfolio to be stable, not requiring too many adjustments.

Thinking this through, in my opinion, I would think copier tech would actually work very well for this.  It allows for great flexibility.  You can set up the 60 set files on a reliable VPS server for copying.  This way you can make any adjustments that need to be made and don't have to deal with clients who may run into issues running 60 set files on their personal MT4 terminals.  Seems like that could be a support nightmare especially as the number of clients grows.  Since I believe this signal has a high expectancy for number of pips per trade, the copier latency really shouldn't be much of an issue.  Although, if you really wanted to improve it, you could have a VPS in NY or Chicago to reduce latency for USA clients and another VPS in Paris or London for European clients.  Then you would have two signals one labeled Awesome Signal - USA Copier and one labeled Awesome Signal - Europe Copier or something like that.  Certainly more thought needs to be put into this, but just sharing my initial thoughts...
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 11, 2019, 03:11:39 AM
Thanks for the "food for thought" user456. Did not know you can vary Inputs remotely.

Awesome Signal sounds like a great name!. Yes, latency should not be much of an issue with the sort of trades I do. Am working with a colleague to establish the signal service. Currently running "Nexus" which is a more traditional (and small) portfolio, a mix of Autotrader and SQ developed EAs and running out of NY.
Have also just begun testing the copying of Zephir from Master VPS in NY and Client VPS in Europe. Some latency but not significant difference in entry price given typical exits of max around 150 pip SL and 180 pip TP. And yes I guess support would be a lot simpler in copying mode. Then again, never hurts to float ideas and see what sparks.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 13, 2019, 01:06:00 AM
Am working with a colleague to establish the signal service. Currently running "Nexus" which is a more traditional (and small) portfolio, a mix of Autotrader and SQ developed EAs and running out of NY.

Nexus Open for Subscription
The first signals service featuring Autotrader EAs is now open for business. Please see this thread if you want to explore and subscribe (free for first 3 months if you subscribe this month.)
https://donnaforex.com/index.php?topic=21298.msg389358#new
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 15, 2019, 07:23:20 AM
Thanks for that compujock. Yes, i have a pretty good and reliable commercial programmer (ferrufx) who codes the Autotrader for me.

But I was thinking. Is there an alternative way to providing a signal service via a copier technology? One that avoids copying and hence any issues associated with that.

For instance, if we had an installer software that could could open say 60 specified charts, loaded with the Autotrader and the 60 set files on a subscriber's MT4 (the sort of portfolio I would run), then the subscriber could just load that and run the portfolio himself - no copying required. As vendor I would still have control over those EAs and I could blank out all the strategy Input functions so as to protect my IP.
So we have a portfolio rental model.

Is that feasible? Would of course require the portfolio to be stable, not requiring too many adjustments.

Almost everything is possible. I did once build a web interface in order to manage the input parameters for my expert advisors from one remote application no matter where they are running. If you need to hide the ea's settings you can just encrypt webtraffic. Food for thought :)

Looks like FXBlue already has such software - available for free from
https://www.fxblue.com/slingshot/slingshot-faq
Title: Re: FX Autotrader Elite
Post by: drunkfx on July 15, 2019, 01:33:06 PM
Why do you use such tight stop losses? Is it special money management rules or your strategy is conservative-style?
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 15, 2019, 01:56:52 PM
Why do you use such tight stop losses? Is it special money management rules or your strategy is conservative-style?

I assume you mean for Zephir? Yes it is a conservative style. SLs are around 150 pips across the 57 set files and are derived through optimisation over 19 years to achieve a max DD of around 5 to 8% over that period.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 25, 2019, 09:56:01 AM
There have been many enhancements made to the Autotrader over the past year or so, but not released publicly either for sale or as free upgrades; due to their extensive nature.

But I have now been approached by a reputable broker with a program that would see the purchaser reimbursed by the broker in the form of a trading credit on a new account opened by the purchaser using the link provided upon purchase. Price yet to be determined.

I am wondering whether there is any interest in such a scheme for traders who would like to have the Autotrader; or the Trade Manager.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on July 26, 2019, 01:41:13 AM

Have also just begun testing the copying of Zephir from Master VPS in NY and Client VPS in Europe. Some latency but not significant difference in entry price given typical exits of max around 150 pip SL and 180 pip TP. And yes I guess support would be a lot simpler in copying mode. Then again, never hurts to float ideas and see what sparks.

Zephir Update

The Zephir portfolio is humming along but not in profit at this stage. The copying to the slave account is working well after the first trade was copied mistakenly at 100x the intended lot size; and quickly closed for a $330 loss.

But I also added a Close All at $220 profit in equity since I had seen the portfolio reach those sort of levels a number of times, before sinking back and closing out some losing trades. So this is a test of how such a feature might be employed in future.

The copying began on 12 July while the master has been running since 8 May.

Last night the slave account had 10 open trades (the Master had 23) and reached the $220 Close All profit. So all trades on the slave account are now closed and the account balance is in profit by $235 ($15 from previous closed trades). Over this same period from 12 July, and excluding trade results from trades opened prior to 12 July, the Master account made a net zero dollars on closed trades but has 22 open trades, 9 of which are in profit, with overall equity at -$60.

So as yet too early to say which account will perform better over time; but "cash in the bank" is always a nice feeling as opposed to watching what happens to a floating equity.

PS Forgot to mention the other variable worth watching - swap costs. The Zephir strategies trade both positive and negative swaps and are long term trades. Currently the Master account has a swap cost (loss) of $239, a bit over 2% of account balance. The Slave account has swap loss of $10 having traded for a much shorter time. With the more regular closing of trades with the Close All at profit, we should have a reduced swap cost on this account over time.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 06, 2019, 05:14:32 AM
Zephir Update

Master account, begun 8 May 2019, has now had 120 closed trades and is down $1400 including $250 in interest/swap costs. This is not in keeping with the 16 year BT results.

Slave account, begun 12 July with a Close All at $220 in profit, has had 34 closed trades, and is up $122 allowing for $13 in interest/swap costs. The two Close Alls have occurred with around 10 open trades whilst the Master account has had as many as 24 open trades.

Looking like a Close All at around $200 in profit could be the way to go with this portfolio. Running fixed lot size rather than %Risk lot size. Will re-valuate in November.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 10, 2019, 06:04:30 AM
Zephir

A slight improvement this week, but still in DD.

And the full 12 weeks results for each pair are shown in image. So six out of the 10 currency pairs are in profit. Let's see how this looks in another three months.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 24, 2019, 08:38:43 AM
Zephir with CloseAll

We had another CloseAll at $220 last night, some 20 trades, on the slave account and so we are in profit after six weeks. After swap costs, only a 2% gain so far so nothing to get too excited about.

In the meantime the Master account is still languishing but open profit is starting to mount following Trump's latest tweets.

A CloseAll at predetermined profit was never a consideration when constructing Zephir, and one we can't BT, but maybe an option we will need to consider at year's end.
Title: Re: FX Autotrader Elite
Post by: diyforexskills on August 26, 2019, 01:11:30 AM
Zephir

Apart from the CkloseAll at 220, individual trades can of course also be closed at their set TP and SL. Today we had a nice profit close, so now the portfolio is 4% in profit after six weeks.