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Thread: Three moving averages EA

  1. #31
    Administrator funyoo's Avatar
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    Quote Originally Posted by FattyMcButterPants View Post
    NO, the Three moving averages EA you posted. I didnt download the UniveralMACrossEA.

    I am suprised this thread isn't on fire right now. This is the finest EA I have found. I have purchased the Winning Solution EA and Renegade Stork Pro and this blows them away.
    Ok, it's good to know.

    If you want, you can post a detailed statement in the demo statement section, you can erase the sensitive data if needed (ticket's number, account's number, broker's name, ...).

  2. #32

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    Quote Originally Posted by funyoo View Post
    Ok, it's good to know.

    If you want, you can post a detailed statement in the demo statement section, you can erase the sensitive data if needed (ticket's number, account's number, broker's name, ...).

    I will start a posting my live results in the detailed statement section starting Monday. I will keep this going until you think we have enough. Last week I was testing some old Firebird, ScalpNet, RoboMiner and Goblin EA's so my statement wont show just this EA. I removed all the other EA's and I am going to just run the ThreeMoving EA starting Monday. I am also going to add $500 more to my account so I will be at almost a $1,000. Which, in backtesting doesn't make a difference because with that size of account you can't turn the MM on anyway. If this goes the way I think it is I am going to increase my balance to $5,000 and turn on MM. Backtesting showed very good results with little DD.

    Funyoo, I quoted you on another site about this EA, I gave you the credit I hope you don't mind.
    Last edited by FattyMcButterPants; 12-07-2008 at 18:30.

  3. #33

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    Funyoo,

    Can you help me out changing some things in the 3move EA that you posted. Please see below:


    found out the problem as to why i have "open" offsetting positions ..

    i.e the usd.chf the other day ...

    here it is, and i do not not know how to write code, but i DO KNOW when code isnt written correctly ..simply because the functions of said code do not carry out intended directives .

    example: if code is written to "add-on" positions..and it does, but you are left with open offsetting positions ... the code was not written correctly ... simple answer... any open positions "monitored" by the "system" should be accounted for correctly.. i.e. open entry 1 lot... add-on 1 lot ... = 2 open positions... so, when the "system goes to reverse it must execute a 3 lot... 2 to offset, and one to initiate new position..

    currently ... this EA does NOT ... it only accounts for the initial entry .. thus, any add-ons are not offset..leaving you with an entry that is still followed by the previous INITIAL single lot entry ....

    NOW ... on to my last couple of posts... as to i feel this is a viable EA ...

    first off ... we must find a solution to this "offset problem" ... which is obviously a code problem. fix that, and we are good on the "long-term"..

    short term ... as stated in my previous post ... i am looking for someone that can write this code as i seek ... because we MUST be able to capture some profit on the volatile swings, as well as keep us in the longer term trend that may gain us MUCH more profit.

    that said ... i think i have found a way to circumvent the current code ( not the offsetting error, but the limitations thereof), by adjusting the current parameters ...

    what i hve done is set up two (2) charts of the same timeframe, in the same market... 4h seems to be the most reliable in regards to direction consistency ...

    on one chart i change the "sets" to read "false" on the reverse ... and then i give it a profit target (PT).. thus, i capture my short term profits incase the market reverses, and assuming it hits profit target... it will not "reverse, and just intitaiet a new position, with same PT.

    on the other chart, i leave the "sets" the same as given in the zip... leaving me in a position to "carry" that position if it extends ....

    so far, this has worked ... the problem is..this EA does NOT work optimally on all markets.

    i have tried it in a basket of atleast 8 dofferent crosses, some will accept, and stick wth, a trade in DD (drawdown) of well over 150+ pips ... whereas in others, i have swings of less than 30 pips, in some cases the average is less than -10.

    so ... in theortical thinking ...

    i am now working on finding the most OPTIMAL markets in which the average DD, with original sets, that keep the DD acceptable, yet, at the same time, will allow us to trade both the strategies ( one takes profit, the other carries).

    i am doing this by taking of the average 4h range... and using that as our first strat target ... by the same token ... if the average DD on the longer term strat is LESS than that target ... we should be just fine.

    if we hit target, lets say 40 pips, but then the longer term strat reverses, and gives us an average of 15 pip loss... we win... by the same token, if the longer term strat stay with trend and extends...we lock in whatever the parameters allow us to....


    i still need someone to re-write this code to remove the "offset/add-on" issue ... as well ... we may be able to combine the 2 into one strat..

    if not...no prob ... can be accomplished by running them at the same time, but simply altering the "magic number" to allow us to do so ... of which, i am doing now ...


    thoughts??? input???? can anyone adjust this code for me???

    Thanks for the help.

  4. #34
    Administrator funyoo's Avatar
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    example: if code is written to "add-on" positions..and it does, but you are left with open offsetting positions ... the code was not written correctly ... simple answer... any open positions "monitored" by the "system" should be accounted for correctly.. i.e. open entry 1 lot... add-on 1 lot ... = 2 open positions... so, when the "system goes to reverse it must execute a 3 lot... 2 to offset, and one to initiate new position..
    I don't understand. Can you use a screenshot, and show me what the ea currently does and what the ea should do.

  5. #35

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    Quote Originally Posted by funyoo View Post
    I don't understand. Can you use a screenshot, and show me what the ea currently does and what the ea should do.
    Basically the EA is opening a Buy order when a Sell order exists or vise versa

    Also this EA doesnt seem to know when to get out of a trade, today USDCAD was in the profit over $300, now its down to +$173 but it seems like it should have closed that order and started another one on the way back up.

    In your opionion what is the best EA that you can buy?

    Best Free EA?
    Last edited by FattyMcButterPants; 12-11-2008 at 20:24.

  6. #36
    Administrator funyoo's Avatar
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    Quote Originally Posted by FattyMcButterPants View Post
    Basically the EA is opening a Buy order when a Sell order exists or vise versa

    Also this EA doesnt seem to know when to get out of a trade, today USDCAD was in the profit over $300, now its down to +$173 but it seems like it should have closed that order and started another one on the way back up.
    Here is another version. With a rule for the exit. If the opposite signal appears on a smaller timeframe (that can be set, M15 for example), then the order is closed.

    Quote Originally Posted by FattyMcButterPants View Post
    In your opionion what is the best EA that you can buy?

    Best Free EA?
    You can be sure that if I had a such system, I would have posted it and I would have put a link at the top of the board. This is the main purpose of this website, with the time we will find what is the best solution. For the moment, you can participate to the top, by posting your strategy tester (on one year with 90% modelling quality data) and demo (when you have finished a test) detailed statements. Then I will update the classification.

    It seems that EA Banking FX Diammond as a commercial code and Your Lucky as free code are good, but I have not tested it a lot. After some months we'll have a better idea of what kind of system can survive or not to the time.
    Attached Files Attached Files

  7. #37

    Default This EA looks prommising

    I'm going live on Monday with a $100 account with FXDD using this EA. Will post results by Friday.

    Can't wait to see it perform...

  8. #38

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    Quote Originally Posted by sitestuff View Post
    I'm going live on Monday with a $100 account with FXDD using this EA. Will post results by Friday.

    Can't wait to see it perform...

    How is this working so far?

  9. #39

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    Quote Originally Posted by FattyMcButterPants View Post
    How is this working so far?
    I'm still waiting for my account to be finalized, I cannot trade as yet. I have however traded manually on my other account using the indicators of this EA and I have made over 160 pips within 3 days excluding the 90 odd pips I made on Monday going short on the USDCHF.

    I'm really looking forward seeing this EA perform. Will be in touch...

  10. #40

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    funyoo,

    What is the difference between v2 and the opening post EA?

    ES

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