Taichi DeMarker EA

[Metatrader7]

f*ck activtrades

better use different broker .,.scammers

i assume you testing in demo account change to activtrades real you know what i mean

Who is better then?
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They are rather all hunted by MT4 glitches. Perhaps ClickBank and broker advertisers created "the infallible" myth around MT4, while in reality it's glitchy as hell. Coders also love it, as it creates so many fixing jobs. It has to be traded manually or with close monitoring. The only unhappy is the end user, otherwise brokers, coders, marketers - all in love with MT4 glitches.
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Try to run EAs on Protrader The one trading terminal - PT MultiStation. It re compiles MQL. It aint free, but if you count all the losses with MT4, you might realise that MT4 isn't really free either, it is out of your control. Whoever has control, has a business. So they let you play Russian MT4 roulette while collecting their spread.

[jverho]

Hi Funyoo,

was thinking about taking another look at the Taichi DM... have you though about trying the original entry sequence?

"... short position we need the following combination of indicator values with no painted flat zone:

1. The current price is less that Taichi (preliminary signal)
2. Taichi is less than TaichiFor (confirming signal)
3. Signal is less than SSignal (signal for entering)"

This will trade much less and since Ichimoku is generally functional better h1 and above, this might be a lazy trader...

Also the exit criteria on the article was pretty interesting ...

[Ricky101]

Hi jverho:

I am newbie, I am able to understand Funyoo coding with my very limited skill.

MT4 coding is very limited, when people transfer their winning manual trading system to EA, they are much worse, Lots of thing can not be fully implement, That's why most EAs lost money.

Although This EA is implement of article " Taichi Demarker" method, It doesn't do exactly the same implementation. He is using 30 min timeframe Taichi/demarker and cross with 5 min timeframe of Taichi /Demarker to increase winning, Plus He compares current price with price of 10 bar ago to make sure that it is still in still in trend to improve winning.

1). It increases winning chance but it filter out many trading single and it doesn't trade often ( Dual time frame system)
2). Also it leave trending market too earlier for high profit( 5 min time frame problem)
3). Enter/Exist point is not the same as article " Taichi Demarker" ( I guess that it is too complicated to implement)

In Free EA world, This is a not bad EA, Try other EAs, Put them in backtest for different currency, This one have higher winning chance than other.

[Metatrader7]

So out of the box reverse=true and SL=90 didn't work, at least on euro, japan and NZD. Also Something happened with trailing profits, market changed and TS=10 gets stopped out too quickly.
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No matter how stupid this forward test may look, it teaches one simple lesson every EA has to be continuously optimized and some more then the other.

[Ricky101]

I am running on USAJPY for 1 week, It did 8 winning trades and 1 lose trade but winning trade profits is too low, Only 13 pips each, even with 1 lose trade of 90sl, I only won 13 pips for all.

[dudulalah]

attach to M5 only to one chart per pair load the .set and that's it.
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Optimization is complicated issue. I am not there yet. First you have to run it to see what's to be optimized. When you have lots of variables you optimize them 1 or 2 at a time to find profitable ranges or to narrow them, then you can fine tune them optimizing together.
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and even before that, you have to check your data for gaps and patch it first. It amazes to see people taking MT4 tester as the final answer. Make sure you run a forward test on demo and see how your new settings perform in real market.
MT4 has a crappy side, it takes some time to figure how to handle that and still make $$.
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Also code may have poor quality unsuitable to run it live. Good code has error check, trading context check. Not every coder does it and most of free EAs are just a beta testing versions. This one seems fine, but I saw other EAs are quite terribly coded and produce busy trading context error. Jeck journal. You can still run them, but 1 per account. They meant to be tester versions, but it makes it hard to test as well.
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Comercial EAs are often like that too, they are just beta versions re packaged. Don't think if you pay, you get better deal. More often, you get worse + you have to crack it to fix bugs.

thank you. i appreciate your help. i'll get on with .

[kumiko]

Hi funyoo -

My first post, but have been following this thread with interest. Your persistence is admirable! I am regularly (one time out of two) getting an 'old tick' message in the journal, and no trade. Am I right in assuming this is because the server is erratic (which it is)? Would it help to add number of tries/period to the EA? I tried modifying, but complete novice, gave up. Another call on your time: are you able to help me out?

Thanks for your generosity and good work,
Kumiko

[ferry_wg]

I've tried this EA on backtesting, and the profit is too low for me
maybe it is good if we trade in a small spread and no commission and no swap
how about if we met 4 spread and commission and swap also?
I think it wouldn't be profit anymore

[Ricky101]

Depend on how you set profit/ Stop loss, As always you can make pretty good money in backtest, real test is forward test

I have been forward demo test this EA for more that 2 weeks.

It is a very lazy EA, it might open trade once per week, It will open trade 1 to 4 at the same time.

It won 18 trades and only lost one, However, Today, It won 2 trades but lost 6 trades so therefore no more profit due to bigger stop loss setting than profit.

If you turn on trailing stop, you might get 10 pips profits which is quite low for trending EA, You can set it to fix profit for 30pips, However, Stop loss is big from 50 - 90 pips.

I check with "Open Chart", I find that This EA will not test for "Non trading zone" as Taichai indicator provided, It is using Icustom and very limited, it enter market very late near end of trend. Therefor profit is low with risk of market reverse and losing money.

It is a very good learning EA, everything are so simple, If you want to win, you might have to to manual trading and find a winning system which can handle trending market as well as market go sideway.

[boki]

I have backtested this ea with quite great sucess. I works great but at some times it has huge drawdown (like in may 2009). Maybe we could build in some news avoiding (like FFCal). At the moment i am forward testing it and i will post results after a few weeks.