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Author Topic: FX Autotrader Elite  (Read 110319 times)

Online diyforexskills

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Re: FX Autotrader Elite
« Reply #390 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/

Online diyforexskills

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Re: FX Autotrader Elite
« Reply #391 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.


Online diyforexskills

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Re: FX Autotrader Elite
« Reply #392 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/

Online diyforexskills

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Re: FX Autotrader Elite
« Reply #393 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.

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Re: FX Autotrader Elite
« Reply #394 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.)

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Re: FX Autotrader Elite
« Reply #395 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.

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Re: FX Autotrader Elite
« Reply #396 on: Yesterday at 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/

 

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