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Author Topic: FX Autotrader Elite  (Read 202524 times)

Online diyforexskills

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Re: FX Autotrader Elite
« Reply #615 on: November 30, 2020, 06:45:08 AM »
GBPAUD

And with some minor adjustments to the base strategy, as per previous few Posts, we can also do pretty well with GBPAUD.
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Re: FX Autotrader Elite
« Reply #616 on: December 01, 2020, 03:44:49 AM »
GBPAUD

And with some minor adjustments to the base strategy, as per previous few Posts, we can also do pretty well with GBPAUD.

Improved the GA Short strategy by changing the H4 bar setting to an entry on pullback setting; much better. Means we can even get profitable sell trades during an uptrend as shown in second image.
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Re: FX Autotrader Elite
« Reply #617 on: December 06, 2020, 03:49:58 AM »
DIY FrequentTrader - one month on

This test has started extremely well, running since 9 November on demo; as shown in image.

Largely due to a great return from USDJPY accounting for 50% of the profits. So we need to see another month's performance before I go live with this portfolio.

Have had to make a few adjustments in order to overcome the issue of too many open trades; MT4 has a limit of 100. So strategies for AU, EU and GJ (too high risk) have been removed but several ones added as per previous Posts. And have just added alternatives for USDCAD, CADJPY and UJ. All these new strategies have max 5 re-entries, rather than the 40 or so for the previous versions. Will keep both running for these three pairs for a while to see if they are worthy replacements. The orginal USDCAD and CADJ don't trade all that much so having these alternatives should not cause a problem.
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Online diyforexskills

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Re: FX Autotrader Elite
« Reply #618 on: December 11, 2020, 06:38:50 AM »
DIY FrequentTrader - one month on

This test has started extremely well, running since 9 November on demo; as shown in image.

Largely due to a great return from USDJPY accounting for 50% of the profits. So we need to see another month's performance before I go live with this portfolio.

Have had to make a few adjustments in order to overcome the issue of too many open trades; MT4 has a limit of 100. So strategies for AU, EU and GJ (too high risk) have been removed but several ones added as per previous Posts. And have just added alternatives for USDCAD, CADJPY and UJ. All these new strategies have max 5 re-entries, rather than the 40 or so for the previous versions. Will keep both running for these three pairs for a while to see if they are worthy replacements. The orginal USDCAD and CADJ don't trade all that much so having these alternatives should not cause a problem.

Still on track for continuation of good performance as per Sig below.

But I have had to remove two more of the original strategies, euraud and usdjpy, because we kept exceeding the 100 max open trades; in fact this max 100 limit on MT4 includes both open positions and pending orders. Something I had not realised earlier.

I also expect to take a bit of a hit next week when a few of the currently losing trades reach their 5 day limit (30 H4 bars). Still, having gained some $1300, a loss of 200 to 300 would not be too damaging. Will depend very much on how the Brexit trade talks evolve over the weekend.
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Re: FX Autotrader Elite
« Reply #619 on: December 14, 2020, 05:46:45 AM »
DIY FrequentTrader - now also on 1:20

The weekend gap did well for two pairs this morning and so our open DD is now down from around $600 to under $200 and some $30 of profit booked.

Because ASIC will limit leverage to 1:30 for majors and 1:20 for minors as from March 2021, we have opened an additional DIY FrequentTrader portfolio on Global Prime with 1:20 leverage on demo; just to make sure we can run this portfolio with 0.02 lot trades on a $5K account. Started on Friday and also doing well so far.

Am itching to start trading on live but will wait till next year as planned. Just to see what the silly season will do to these strategies.
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Online diyforexskills

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Re: FX Autotrader Elite
« Reply #620 on: December 19, 2020, 01:00:30 AM »
Psychology of Trading

We all know how important psychology is to being a successful (manual) trader.

But psychology also plays an important role in how we manage automated trading/EAs. We need an EA that inspires confidence and hence reduces the urges we get for interfering when the markets play up.

In that respect I am very happy with how the DIY FrequentTrader portfolio, using the FX Autotrader Elite EA, is performing. I know that:

1. Any trade that gets in trouble will close after 5 days no matter what happens.

2. Because we have basket closes, losing trades will usually be closed as part of an overall profitable basket close.

3. And even when we go into DD, other trades will continue to close in profit. This past week has been a good example.

We have varied from $50 to $700 loss in open DD but have finished the week up $612 in closed profit with open DD now sitting on just under $500.

And so the $500 open DD does not bother me and I am happy for the market to do what it does and let the Autotrader carry out its programmed instructions.

All good on the psychological front.
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Re: FX Autotrader Elite
« Reply #621 on: December 22, 2020, 01:37:15 AM »
A nice example of having a basket-based, multiple re-entry strategy - in this case a CloseAll at 30 pips in profit on EURGPB, H4.
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Re: FX Autotrader Elite
« Reply #622 on: December 23, 2020, 12:02:53 AM »
Going well on second account at 1:20

In preparation for ASIC regulated brokers being forced to limit leverage to 1:20 for minor pairs, we started a second account on 11 December.

It's doing well as shown below, but open DD did get as high as $650 with Margin level dropping to 140%. Hence when we go live with a signal service in 2021 we will halve the lot size to 0.01 lot for trading on a $5K account.

On the main Sig account, my favorite statistic is  the Worst Month stat which comes in at + 15.03%. That I can live with!
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Online diyforexskills

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Re: FX Autotrader Elite
« Reply #623 on: December 27, 2020, 04:24:56 AM »
DIY FrequentTrader Demo Testing has Concluded

This portfolio commenced on 9 November 2020 - so we have seven weeks of forward testing. The stats for this are shown below. Yes, the last minute Brexit negotiations has caused a large open DD since we are trading both EU and GBP symbols and so in order to determine overall return for the seven weeks we should look at Equity rather than Balance.

In other words, a realizable profit of $1542 on a $5K account, or 30% in seven weeks.

(this open DD will slowly reduce over the coming days and/or further closed profits will be added; trades are automatically closed after 5 days).

We will be finalising the Signal Copying infrastructure with Odysseia Capital over the coming week and then start trading on live account on 4 January 2021 in readiness for offering the Signal Service. More details later.
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Re: FX Autotrader Elite
« Reply #624 on: December 30, 2020, 02:00:24 AM »
Testing the Copying

As part of the extensive testing am also testing the copying. All working well with already $182 in closed profit after just two days with performance virtually the same as on Master account.

Have also made some small adjustments to a couple of the strategies in the portfolio and removed a couple to reduce the trading load and margin requirement without much impact on profitability.

The longer term account is still running as per Sig and nearing 50% return after just under two months (since 9 November).
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Re: FX Autotrader Elite
« Reply #625 on: January 05, 2021, 01:02:35 AM »
Trading Example

The image below shows the type of trading that occurs with the demo test portfolio. Example shown is for EURGBP, illustrating the operation of having separate strategies for Buys and Sells. Profit made is $133 for Buys and $200 for Sells from 27 Nov to today. Open trades are at -$5.

Even though this strategy will not be used initially in the live DIY FrequentTrader portfolio, due to over-correlation of pairs, I will keep running it on demo and hence will be able to move it into the DIY FrequentTrader portfolio if required and if still profitable.
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Re: FX Autotrader Elite
« Reply #626 on: January 06, 2021, 01:48:22 AM »
The Problem with Scalping Strategies

Scalping strategies have been all the rage for a while. Except when they fail. I finally succumbed and developed such a strategy in the middle of last year using Initial and Re-entry trades on the Autotrader, 5 pip TP or close after 5 days rather than a set SL (or margin call!).

And it did really well for two months but now we have taken the first 4 of 11 largish losses and tomorrow we will wipe out the rest of the closed profit and more; unless the EURAUD makes a remarkable recovery. As per image below - in bottom window, red line is closed profit and blue line is the 20 trade SMMA.

And that is why the scalping strategy is no longer part of the DIY Frequent Trader portfolio going forward in 2021.
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Re: FX Autotrader Elite
« Reply #627 on: January 10, 2021, 02:18:54 AM »
Stop Loss

I always trade with a SL, but just not a hard, pip-based, SL. Because more often than not you then suffer the loss only to see price reverse again. Markets are just too chaotic and so a SL setting should incorporate a matter of chance.

So for me it is either a dynamic SL, at close of candle/bar on a longish timeframe, or a SL after x candles/bars, ie a time-based SL. It is then a question of finding the goldilocks time setting - not too agonizingly long and heavy on swap costs and not too short so as to allow sufficient time for the chaotic price moves.

I started off with 10 days or more, but found that too long in forward testing. Currently the DIY Frequent Trader demo test portfolio uses 5 days (500 M15 candles or 30 H4 candles). But after two months of that test it appears that even 5 days may be a little too long. Which is one of the reasons we have now also included a dynamic based SL in the new live DIY Frequent Trader portfolio.

The image below shows profitability vs duration of trades and it would appear that in the period highlighted, losses outweigh profits. Note that duration is measured in hours and appear to include weekends, so an extra 48 hours. The time-based SL setting is in candles/bars and so does not include weekends; 30 H4 bars would be 120 hours.
« Last Edit: January 10, 2021, 02:23:20 AM by diyforexskills »
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Re: FX Autotrader Elite
« Reply #628 on: January 18, 2021, 05:37:03 AM »
Optimisation Choices

It's one thing to run an optimisation; but having done the runs we still need to choose which set of conditions (optimisations) to go forward with. Because very often there are many choices to be had.

In the EURNZD example in the image, we can compare two of the choices from BTs. So should we settle for safety with a Profit factor of 668, but sacrificing some profits (top image). Or opt for a 50% increase in profits while enduring some rocky periods? And PF of only 4. (bottom image)

Since optimisation results are essentially curve fitting to a known data set, and since we don't know what sort of data set the EA will have to contend with going forward, a third option is to run both optimisations; provided of course we don't overload trading on a single pair.
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