Not logged in

Forums

Viewing 15 posts - 1 through 15 (of 28 total)
  • #114163 |
    Customer
    934 Posts

    Hi folks,

    Here’s some proof of success on a live trading account.

    Expert Advisor Live Account

    Behind this signal is an MT4 EA that was created and tested using SQ. I modified the EA code somewhat, but at it’s heart it is the same as the strategy generated and tested using SQ.

    I am selling the EA on MQL5 website, so it is a double success, make money with the EA trading a live account, and sell the EA too.

    Forex Spark EA

    Early days yet, but it has generated some sales. Hoping to recoup the cost of SQ soon with a selection of Expert advisors created using this great piece of software.

    Just wanted to post this as feedback to users, the SQ team and prospective SQ buyers.

    #132577
    Customer
    312 Posts

    Mikey !

     

    How do You obtain to get around 80-90% of profitable trades?? I try a lot and most it generates me 20-30% of profitable trades.

    btn_viewmy_160x33.png

    #132582
    Customer
    309 Posts

    Incerase SL/PT ranges to gain profitability

    #132642
    Customer
    511 Posts

    Hi,

    what happend in the last trades? Why the equity goes down ?

     

    It is a very interessting effect.

    I have many good EAs.

     

    If I try to decide to post it and say this EAs are good, the equity crashes most times ?

    I don´t know why ?

     

    thomas

    #132643
    Customer
    934 Posts

    Hi,

    what happend in the last trades? Why the equity goes down ?

     

    It is a very interessting effect.

    I have many good EAs.

     

    If I try to decide to post it and say this EAs are good, the equity crashes most times ?

    I don´t know why ?

     

    thomas

     

    Hi Thomas,

     

    Yes, it’s an interesting question. Not sure why these things go wrong as soon as you show people.  Did a lot of testing and ran it on a live account with similar results to testing.  Now three stop losses very close together.

     

    However, even during previous testing I have seen three stop losses hit over a 24 hr period. For example on the 18th and 19th of March this year.  Which coincided with very big news on GBP and USD. 

     

    This EA is a range trader, it does not like sudden trends or massive volatility.

     

    I expect the haters will be along shortly to tell me the strategy and EA is rubbish 😉 it’s amazing how you receive these comments, but only after the strategy suffers loses or fails.

     

    Regards,

     

    Mike

    #132762
    Customer
    435 Posts

    Hi Thomas,

     

    Yes, it’s an interesting question. Not sure why these things go wrong as soon as you show people.  Did a lot of testing and ran it on a live account with similar results to testing.  Now three stop losses very close together.

     

    However, even during previous testing I have seen three stop losses hit over a 24 hr period. For example on the 18th and 19th of March this year.  Which coincided with very big news on GBP and USD. 

     

    This EA is a range trader, it does not like sudden trends or massive volatility.

     

    I expect the haters will be along shortly to tell me the strategy and EA is rubbish 😉 it’s amazing how you receive these comments, but only after the strategy suffers loses or fails.

     

    Regards,

     

    Mike

     

     

    The strategy and EA is rubbish!!!

     

    Seriously, if three stop losses in a row occurred in a 24 hour period in backtest then don’t waste time being concerned about it (sometimes, this is easier said than done).  I thought this type of performance is expected and normal for an automated scalping system: grow fat on the high consecutive winning trade percentage in full knowledge of a large draw-down at some point in the future and the cycle continues with the equity curve progressively zigzagging upward.    

    #132882
    Customer
    383 Posts

    Mikeyc,

    Great work!  Love seeing your success so far.  Thanks for sharing.

     

    -Stearno

    #132890
    Customer
    934 Posts

    Mikey !

     

    How do You obtain to get around 80-90% of profitable trades?? I try a lot and most it generates me 20-30% of profitable trades.

     

    As others have said, the % profitable trades is a function of stop loss size in relation to profit take size (on average).

     

    The difficulty is achieving a high win rate with lots of trades with low drawdown.  This is easier when the currency is behaving predictably, which it does more when it is ranging / sideways rather than volatile periods around major economic news events.

     

    I spent a lot of time initially looking at trend trading, the bread and butter of forex trading.  But I think it is difficult without having an economic news feed into SQ, something I am working on now via the custom indicator import process.  Otherswise the strategy blindly open positions just when everyone else is waiting for NFP or FOMC or unemployment figures and bam, volitile spike wipe out the previous profits.

     

    But what I did find is that at certain time ranges, economic news is rare that effects a particular pair and there’s as many pips in the constant ranging of the price and this ranging is much more predictable than a trend.

    #133941
    Customer
    80 Posts

     

    But what I did find is that at certain time ranges, economic news is rare that effects a particular pair and there’s as many pips in the constant ranging of the price and this ranging is much more predictable than a trend.

     

    Hi mikeyc,

     

    I’m not sure I’m able to follow you. Could you please elaborate?

    #133951
    Customer
    934 Posts

    Hi mikeyc,

     

    I’m not sure I’m able to follow you. Could you please elaborate?

     

    Basically, at certain times of the day (e.g. Asian session) there are very few big economic news announcements in the US or EU that cause trend changes.  During these quiet times, prices range very predictably. 

     

    SQ is very good at identifying strategies that make pips in a range, as long as you don’t have economic news events during that period for those currencies. Economic news events cause spread widening, slippage and unpredictable whipsaw trends that strike stop losses.

    #134136
    Customer
    309 Posts

    Ok. How looks your sq setup?

    Odoslané z SM-G900F pomocou Tapatalku

    #134139
    Customer
    434 Posts

    Basically, at certain times of the day (e.g. Asian session) there are very few big economic news announcements in the US or EU that cause trend changes.  During these quiet times, prices range very predictably. 

     

    SQ is very good at identifying strategies that make pips in a range, as long as you don’t have economic news events during that period for those currencies. Economic news events cause spread widening, slippage and unpredictable whipsaw trends that strike stop losses.

    Mikyec you should speak about strategies you found, if one strategy fail it does not mean others do also…

    #134140
    Customer
    434 Posts

    As others have said, the % profitable trades is a function of stop loss size in relation to profit take size (on average).

     

    The difficulty is achieving a high win rate with lots of trades with low drawdown.  This is easier when the currency is behaving predictably, which it does more when it is ranging / sideways rather than volatile periods around major economic news events.

     

    I spent a lot of time initially looking at trend trading, the bread and butter of forex trading.  But I think it is difficult without having an economic news feed into SQ, something I am working on now via the custom indicator import process.  Otherswise the strategy blindly open positions just when everyone else is waiting for NFP or FOMC or unemployment figures and bam, volitile spike wipe out the previous profits.

     

    But what I did find is that at certain time ranges, economic news is rare that effects a particular pair and there’s as many pips in the constant ranging of the price and this ranging is much more predictable than a trend.

    You are right it is hard to find strategies with 90% win, because TP is then too small and slippage or widening spread avoid the results a lot. I understand that it is psychically easier to have big win rate but we trade what we have, i mportant is we earn.

    #135829
    Customer
    934 Posts

    Another live account monitoring one the EA’s originally developed by StrategyQuant (although it has gone through a lot of manual modifications and enhancements since then).
     
    small.jpg
     
    Profitable Forex Strategy

Viewing 15 posts - 1 through 15 (of 28 total)

You must be logged in to reply to this topic.