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Thread: vForce Like EA

  1. #421

    Default

    Quote Originally Posted by rptrader View Post
    idude,

    What version of vForce are you using, if you don't mind me asking? I'd like to start demoing this EA.

    Thanks
    rptrader
    I using version 1.1 that I've got from 4xproject, just click the link that says 4xproject in my previous reply and then scroll all the way down and you will see it there plus the settings.

  2. #422

    Default Good backtest idude

    Quote Originally Posted by idude View Post
    I don't know if they are the same but I'm getting different results for the month of june.

    Vforce with these settings from 4xproject actually performs a lot better than Magic Machine.
    Hi idude,
    Can you handle doing the change in the Main Signal section, as in my post above, and run another backtest over the same period ?
    That is do the change to add in the "error" so both 'if' statements have it.


    Hey vogelezang,
    The buy & sell stop orders are removed after the "Expiration" in minutes, if they haven't been triggered by the price changes.

    Babypips.com should have an explaination on BuyStops & SellStops.
    Try What is the difference between a Stop and Limit Order? - BabyPips.com Forex Forum

    cheers bt2
    Last edited by bt2; 07-01-2009 at 04:30. Reason: was version 1.1

  3. #423

    Default

    Quote Originally Posted by idude View Post
    I using version 1.1 that I've got from 4xproject, just click the link that says 4xproject in my previous reply and then scroll all the way down and you will see it there plus the settings.
    Thanks idude!

    rptrader

  4. #424
    Junior Member
    Join Date
    Jun 2009
    Location
    Belgium
    Posts
    2

    Default

    Quote Originally Posted by tmercer View Post
    Hi vogelezang, I've only had "buy stop" and "sell stop" that disappear over and over with no fills. My version 1.1 does nothing. I'm using PFG Best MT4 Demo. Are any of your other robots you mentioned worth trying? It would be nice to find something that actually gives a feeling of confidence. Thanks for any suggestions. TM
    Hi tmercer,
    I'm testing vForce 2.0.2 and the first few days look good. I had quite a loss yesterday but it is recovering fast.
    Discussing the other ea's here would be off-topic. The others well discussed at Pip Cop - Forex Robot Reviews and in the facebook group "finding the best forex adviser" I'm under the same username in both groups and after you've read those I'd be happy to share my experiences.

  5. #425

    Default

    Quote Originally Posted by idude View Post
    I don't know if they are the same but I'm getting different results for the month of june.

    Vforce with these settings from 4xproject actually performs a lot better than Magic Machine.
    My back test for june looks nothing like yours! Mine ends up with a loss. I am using the same settings for v1.1 as you are!

    Anyone explain?

  6. #426

    Default dude, great work, thanks.

    Quote Originally Posted by funyoo View Post
    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%
    great stuff funyoo, and great site, are you all about sticking it to the man or what? I don't get it?

  7. #427

    Default

    Quote Originally Posted by Viv108 View Post
    My back test for june looks nothing like yours! Mine ends up with a loss. I am using the same settings for v1.1 as you are!

    Anyone explain?
    Backtesting is quite unreliable, I only use it to get an idea of what could happen, any EA is best tested with a free demo account. On live trading, for example, using divergence trader ea with pipsleader settings I get very good results where as with backtesting I get very depressing results.

  8. #428
    Senior Member
    Join Date
    Jan 2009
    Location
    Australia
    Posts
    631

    Default

    If you backtest you can get an idea how something has peformed over a long period in a matter of minutes, if you just use forward trading then you would have to live trade something for years before you know if it was good or not.

    You only get an indication in forward trading for a short period of time, because i can not see most people testing something in forward mode for years, the reason why it is better to have something that is back testing well over a longer period and then put in on forward trading to see how if it continues.

    I will only ever trade an EA live in forward if it has done very well in my backtests after it has been optimized, i would never trade something live in forward if it did not do well in my backtests and especially if i could not find any good optimization settings.

    Quote Originally Posted by idude View Post
    Backtesting is quite unreliable, I only use it to get an idea of what could happen, any EA is best tested with a free demo account. On live trading, for example, using divergence trader ea with pipsleader settings I get very good results where as with backtesting I get very depressing results.

  9. #429

    Default

    So.. can someone point me in the right direction? Is this EA profitable for you all in June? If so, which version and settings were used? If not, why not? Its very strange!

  10. #430

    Default

    Quote Originally Posted by wannaberich View Post
    If you backtest you can get an idea how something has peformed over a long period in a matter of minutes, if you just use forward trading then you would have to live trade something for years before you know if it was good or not.

    You only get an indication in forward trading for a short period of time, because i can not see most people testing something in forward mode for years, the reason why it is better to have something that is back testing well over a longer period and then put in on forward trading to see how if it continues.

    I will only ever trade an EA live in forward if it has done very well in my backtests after it has been optimized, i would never trade something live in forward if it did not do well in my backtests and especially if i could not find any good optimization settings.
    This is from pipcop.com on backtesting (they only do testing in real accounts):

    "An EA author can tweak the settings in their EA to provide excellent results when backtested, but when you put it on a live account the results are disastrous. Even with 90% modeling quality, backtest results are still unreliable.

    A huge issue with back testing is that the data is not tick -by-tick . History data is bar open and bar close. That means the best data you will get is 1 minute.

    As we all know, in one minute the market can move quite enough to ruin your account. Therefore, backtested results really are useless because the data can vary widely from broker to broker , and depending on where the are getting their data feed. (There are some exceptions to the rule, such as with a quality tester such as Forex Tester which can do tick -by-tick modelling.)

    Backtesting usually provides the "best case" scenario, and often publishers simply pick the settings for their robot that have the best results, not the safest, most reliable, or most realistic. There are many robots I test that have crazy TP settings of 100+ pips, when in forward testing 10-40 pips would be more realistic and profitable. As a result, when I test those robots, the tend to fail very quickly because the authors simply are fooling themselves into thinking their robot will make them rich, without thinking about the reality of the market.

    Backtesting has caused many traders to lose tens of thousands of dollars using EAs that suck! Don't be fooled by backtesting!"

    You can read more about it here.

    For example backtesting divergence trader on a 5M chart gives me decent results but when I run it live it's a loosing beast. I only use backtesting for curiosity and perhaps just to get an idea of what might happen but I never take the results too serious.

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