Posts made by SirBoyce

@alphaomega Sorry, don't know how to do that and what you are looking to achieve really is different to what I am looking to do.

Apologies in advance for what must be a very basic question around setting up an SL.

What I am trying to do is set up a condition where when (either buy or sell trade) hits 100 pips in profit, a trailing SL will be activated 20 pips behind (i.e. current price is at 100 pips in profit, SL is placed at 80 pips in profit).

From the above, for every 10 pips the price continues to move into profit, the SL moves 10 pips. So at 110 pips in profit, the SL is at 90, at 120 in profit, SL is 100 etc.

Is this possible, and if so, could you please share a screenshot of the block with the correct settings?

Finally, would the following be the correct way and place to put the trailing SL in the EA?

Many thanks in anticipation of your kind assistance!

@alphaomega Not a problem and thanks for your wishes. Same to you! BTW...not martingale...lot size is 2% of Equity each time

@alphaomega See your point. But the truth is...I am quite new to all of this and might well look at these results and think everything is absolutely fine with the EA...but somebody more experienced might have said something like "take a look at your drawdown...that really needs work before hou consider going live" or something like that. I was also open to someone who is experienced in EA development and has paid for top-notch backtesting software to take the initiative and offer to backtest for me (in which case I would have been happy to share the ex4) and perhaps help me to optimise the EA to filter out some of those losses etc.

@ambrogio Yes. I initially downloaded Tickstory Lite...but was unhappy as my virus protection identified and removed a virus from their software and wouldn't allow it to run. I can assess TDS for a month free and it is way better.

@sirboyce Edit: Period of above backtest is 1st Jan 2012 to 8th August 2020

@l-andorrà Thanks. Yes, I ran the EA on TDS for the same period and the results were as follows:

@l-andorrà Oh yeah...what do you use for backtesting?

@l-andorrà Thanks. I've run it at 90% with same results but will go for higher.

@ambrogio Thanks. I have seen software like this doing my own searches. I was hoping for a slightly more informative response rather than a simple link to a product I have already seen advertised and do not - with no further information or reccomendation - trust at this point (certainly not enough to pay for it).

Hi All,

So I backtested my EA on GBP/USD for period 01/01/16 to 05/08/20. I just use the historic data that comes with IG's MT4 terminal.

I was wondering if any of the forum members with extensive experience could take a look over the results and advise:

a) Is this a reliable way to backtest an EA?
b) What is your opinion of the performance of this EA?
c) I have read about some 3rd party backtesting services/software that say they are super accurate and reliable. Would you recommend any of these and what sort of fees do they charge?

Hi All,

Hoping that this is a simple question with a simple answer. I added a Months filter to my EA with the intention to not take trades July, August, November and December.

Backtesting the EA...it opened trades in these months regardless.

Does anyone know why this would be?

Thanks!

@hax I like this. Made a few adjustments and back tested 1st Jan 2016 to today on Cable, 1 hour chart:

@l-andorrà Hmmm...I tried the buy condition but I don't think this is really what I am looking to do. I can't see anything in that block that is checking Candle ID1 total pip movement after close and then determining that the total pips is below the equivalent ATR pips

@sirboyce Sorry. Ignore. I see it is the Check Distance block (I guess you somehow renamed it in your example for clarity?)

@l-andorrà Thanks, That looks just what I need, but I don't see a 'Check distance for buys or sells' option in fxDreema. These are all that appear:

Please advise.

@l-andorrà So, in this example; the bear candle length below the (red) EMA20 is 16 pips, and the ATR value at this candle close is 0.0752...which converts to 7.5 pips (if my understanding is correct). In this instance, I would want the EA to NOT take a sell trade.

IF the ATR value at this time was, say, up at 0.1736 (17 pips)...I would want the EA to open the sell trade.

In other words, if pips above (for a buy) or below (for a sell) the EMA20 are less than ATR pips at candle close...OPEN TRADE. If pips above (for a buy) or below (for a sell) the EMA20 are greater than the ATR pips at candle close...NO TRADE OPEN.

Hope this makes sense!

@sirboyce Sorry...ignore the candle body bit...should be if on Candle1 close no trade if pip movement away from EMA20 greater than 1 X ATR14

Hi All,

Struggling to create the conditions so that my EA will NOT open a buy or sell trade whenever the candle body in pips from the EMA20 line are greater than 1 X ATR14. Can anyone help?

Thanks!

@ambrogio Ahhhh! It's that simple! Thanks so much for your help.