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Author Topic: FX Autotrader Elite  (Read 115738 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.

Online diyforexskills

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Re: FX Autotrader Elite
« Reply #396 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/

Online diyforexskills

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Re: FX Autotrader Elite
« Reply #397 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/

Online diyforexskills

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Re: FX Autotrader Elite
« Reply #398 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/

Online diyforexskills

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Re: FX Autotrader Elite
« Reply #399 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.

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Re: FX Autotrader Elite
« Reply #400 on: November 10, 2018, 02:10:43 PM »
Looks promising! So under which conditions exactly does it switch off the EA?

Online diyforexskills

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Re: FX Autotrader Elite
« Reply #401 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.

Online diyforexskills

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Re: FX Autotrader Elite
« Reply #402 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)

Online diyforexskills

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Re: FX Autotrader Elite
« Reply #403 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)



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Re: FX Autotrader Elite
« Reply #404 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
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.








 

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