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Thread: Re: Price Action EA. Good, but need some more improvements. Please help, Funyoo!

  1. #21
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    Hi:
    I've run the EA over night and here is what I see.
    1) probably of hitting 5 TP is pretty often. Out of 16 trade, 11 hit TP and 4 hit SL.
    2) SL is 10x TP, (this was default setting) and those 4 SL wipe out all the profit, then some, so it is net negative

    Either this strategy needs another filter to get out of the situation before it hits large target i.e. time exit: if it doesn't hit by xx min, close, etc..
    or TP/SL ratio needs to be changed. Regardless, optimization is needed.

    Sorry, James. I wish I can report better results, but it is what it is.
    Attached Images Attached Images Re: Price Action EA. Good, but need some more improvements. Please help, Funyoo!-price-action-realtime-png 

  2. #22

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    I feel the stop loss in the EA is coded incorrectly...

    If you'll look at the report you'll see that sell order #6 stopped out and closed at 1.4918 but the trades never went that far for it to stop out at that point.

    I had my stop at 500 pips for testing.
    Attached Images Attached Images Re: Price Action EA. Good, but need some more improvements. Please help, Funyoo!-hi-lo-test-gif 
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  3. #23
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    Quote Originally Posted by 4x4me View Post
    Hi:
    I've run the EA over night and here is what I see.
    1) probably of hitting 5 TP is pretty often. Out of 16 trade, 11 hit TP and 4 hit SL.
    2) SL is 10x TP, (this was default setting) and those 4 SL wipe out all the profit, then some, so it is net negative

    Either this strategy needs another filter to get out of the situation before it hits large target i.e. time exit: if it doesn't hit by xx min, close, etc..
    or TP/SL ratio needs to be changed. Regardless, optimization is needed.

    Sorry, James. I wish I can report better results, but it is what it is.
    Hi 4x4me,

    Timeout options added.

    Quote Originally Posted by kneal View Post
    I feel the stop loss in the EA is coded incorrectly...

    If you'll look at the report you'll see that sell order #6 stopped out and closed at 1.4918 but the trades never went that far for it to stop out at that point.

    I had my stop at 500 pips for testing.
    Hi kneal,

    You have to disable hidesl.
    Attached Files Attached Files

  4. #24

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    Hi everybody,

    I don't say this is a winning EA, as up to now. But because this EA is based on Price action, it only needs to have some good and reliable trend indicator to filter out bad trades that can go against the current trend, then, this EA will be very profitable.

    So, hope that all of us give it a try, and can modify, and improve it. But the original creator of this EA does have some good trend indicator, and so, his forward-testing is quite good. We have lots of expert coders here, especially Funyoo, we can make this EA become profitable and keep it out of bad trades with good trend indicator.

    I also posted many good and reliable trend indicators on another thread. So, please feel free to combine this EA with any of those trend indicators.

    Thanks and regards,
    James

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