vForce Like EA

**winias** · 05-08-2009 06:10

Originally Posted by wvehoven

Hi,
I just bought the magc machine and guess what, it is exactly like your ea. Ialready applied for a refund. While backtesting yours though I have an error with the trailing stop, ordermodify error 130. An idea how I can adjust?
Thanks
Wendy

It IS the magic machine EA! I got my hands on a copy of it yesterday. The ordermodify error you're talking about I actually experienced with the magic machine ea also. Not sure what the issue is there but when I say they ripped it off, they REALLY ripped it off. Stuff like this annoys me so much. These guys at 4xproject.com just did a thing about them.

I'm working on this for other pairs in my spare time here but optimizations are taking a long time. I like it alot though, good work funyoo.

Finding its hard to focus in on what's really the best or easiest parameter to modify. It does so well on EUR/USD; others Ive been piecing through, breaking even for the year for the most part.

Funyoo - have you found anything in particular that, when changed, provides a better performance?

So far I've found that simply adjusting the ATR values helps, as does the expiration time on the stop orders. Messing around with the stochastic helps sometimes but can be cumbersome.

Any ideas appreciated.

**redstorm1981** · 05-08-2009 09:33

Originally Posted by funyoo

A second version that has taken me a while, I have tested a ton of indicators to find the best filters.

Long when :

- Stochastic main over Stochastic signal,
- RSI over 50,
- BearsPower over 0,
- Price over Parabolic SAR,
- Fast Moving average over Slow Moving average,
- Price Action option.

Short when :

- Stochastic main under Stochastic signal,
- RSI under 50,
- BearsPower under 0,
- Price under Parabolic SAR,
- Fast Moving average under Slow Moving average,
- Price Action option.

Two pending stop orders, one with SL and TP, the other with SL and TS.

EU H1. On one year.

Total net profit : 661.25%
RDD : 19.93%

Hi funyoo,

Great work!
How have you optimize those parameters? I can't obtain the same results with your preset file. My broker is Alpari UK. Should I re-optimize vForce EA?

Regards

**redstorm1981** · 05-08-2009 09:40

Originally Posted by redstorm1981

Hi funyoo,

Great work!
How have you optimize those parameters? I can't obtain the same results with your preset file. My broker is Alpari UK. Should I re-optimize vForce EA?

Regards

Ohhh...I didn't realize...You've optimized the EA with a 4 digits broker! I changed TakeProfit and StopLoss values! It worked perfectly!!! Thanks again.

**Deathless** · 05-08-2009 11:14

Please can somebody post .set file which work with 5digit account (FxPro)?? I allways get error 130, 131...when I change Lots and MinLots (1) still error 130 and still not trading... Please help. Thanx

**823** · 05-08-2009 11:59

Originally Posted by redstorm1981

Ohhh...I didn't realize...You've optimized the EA with a 4 digits broker! I changed TakeProfit and StopLoss values! It worked perfectly!!! Thanks again.

can you post your set file that works well?

thx

**cimi** · 05-08-2009 12:22

here is my backtest from 1.1.09 to 7.5.09

Profit trades 297 (85.84%) Loss Trades 49 (14.16%) RDD 11.02% (1224.42)

**freemenn** · 05-09-2009 00:09

I am testing vers. 1.1 But on 1H backtest i get "order send error 130" whyle backtesting on M30 it works.

**winias** · 05-09-2009 02:42

Originally Posted by winias

It IS the magic machine EA! I got my hands on a copy of it yesterday. It's 100% stolen. The ordermodify error you're talking about I actually experienced with the magic machine ea also. Not sure what the issue is there but when I say they ripped it off, they REALLY ripped it off. What a SCAM. Stuff like this annoys me so much. These guys at 4xproject.com just did a thing about them.

I'm working on this for other pairs in my spare time here but optimizations are taking a long time. I like it alot though, good work funyoo.

Finding its hard to focus in on what's really the best or easiest parameter to modify. It does so well on EUR/USD; others Ive been piecing through, breaking even for the year for the most part.

Funyoo - have you found anything in particular that, when changed, provides a better performance?

So far I've found that simply adjusting the ATR values helps, as does the expiration time on the stop orders. Messing around with the stochastic helps sometimes but can be cumbersome.

Any ideas appreciated.

Hi funyoo - after experimenting alot with various settings, I'm finding that by simply adjusting the ATR values is providing the best step in terms of performance on other pairs.

There's one issue that seems to be the killer though, and that is when it will hold onto losing positions for simply too long.

One thing I noticed, and I could be wrong about the backtest, but when positions are drifting for any more than a day they take massive hits, closing 48 (or whatever) hours later for big losses.

I've had success with other ea's that close losing positions after x hours, why I ask but other's experience might say otherwise.

This is the type of ea where if it hits, it hits, if it doesnt, chances are 50/50 that it will. A simple time filter, or filter that closes losing positions after x hours (usually around 26-30 Ive found), could cut many losses in half.

OR

Another option would be to install a filter that closes all losing positions after confirmation of trend reversal. Like if the upward moving PSAR gets broken to the downside by price, for example, or changes to sell mode. If you run a backtest and look at the indicators/all this afterwards you'll be able to see what I mean.

You want to be able to install a filter that doesnt knock out potential winners but caps losers as quickly as possible. It will trade, trade trade and then get hit with one to four losses which put it out of commission for a while.

In terms of entries, I havent really come up with much of a better way. Extending the Bears parameter to around 30 or 40 seems to help on other pairs, and lowering the ATR period and multiplier.

Anyway, hope this helps. Let me know what you think. If anyone has any other ideas on the above please go ahead!

**maximf** · 05-09-2009 20:01

Hello all,

I'm a newbie to forex and the experts.
I work a lot of hours at my work, therefore trading with expert looks to be
a best option for me.
I've studies a plenty of experts
(Automatic forex grail [scam!!!], Megadroid, FAPTurbo and Magic trading machine[Thiefes!]).
I liked the idea of magic trading machine most of all (surely did not purchase it!)
since it is not a scalper. I found the vForce forum and I really like it!
I'm a C++/C# programmer, so, I hope I will be able to learn MQL quickly...
I'd like to propose some improvements to the expert:
-Allow working with multiple curreny pairs.
-Set stop loss according to support/resistance and not to predefined value.
-Set stop loss according to support/resistance and not to predefined value.
-Prevent expert from trading on friday (only manage open orders).
-Allow setting maximal spread for currency pair.
-Present Maximal spread and current spread in the chart.
-Present broker information, maximal and current spreads in the chart.

What do you think of it?

**winias** · 05-09-2009 21:55

Ok so I've been working on this thing alot with other pairs. So far so good.

Biggest issue I'm facing which I cant get around through the given parameters, without actually changing code, is the ability to close losing positions earlier.

Take a look at this pic. These are the types of situations that get this EA in trouble. There are 4 times on this chart that generated big losses.

If all of these were closed when the PSAR went from buy to sell mode or vicea versa, these losses could have all been cut down dramatically.

Sometimes it helps not to have this functionality, no doubt, the ea will lose a greater number of positions with it.

That's why I'm thinking a time filter to close trades after X number of hours might be better solution. No way of really knowing until testing.

Even with the losses, I was still able to get a profit from GBP/USD by playing around with the settings. Its just these big losses that keep it back. Need to constrain them somehow and its good.

But no way of really knowing until testing.

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