AddOn Banana + BlueMonkeyEA (By maiamrn)

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AddOn Banana + BlueMonkeyEA Discussion

Jan 22, 2015 at 22:16
4,076 Views
134 Replies
Member Since Nov 19, 2014   69 posts
Feb 03, 2015 at 10:49
gorydan posted:
Good Work.

I'll test it on demo account.
The only problem in future for live account is to cut our dependence with the account of alex which comes to interfere with trades generated by banana.
In the BlueMonkey EA, perhaps we have to disable 'DLL imports' or 'Import of external experts' wich seems to be be 'wininet.dll' in the expert tab.

Best regards

It may seem a hassle but you could set up a new mt4 account. I had to when Alpari crashed and I receive no signal's from BM.

Early days but still working well with the scripts method. Will try Banana on my demo, thanks
Member Since Oct 18, 2011   19 posts
Feb 03, 2015 at 15:46
See this for crazy. A little something I created. https://www.myfxbook.com/members/whiteboy/rainbow-bmea/1142072
Member Since Jan 30, 2014   48 posts
Feb 03, 2015 at 20:56
whiteboy posted:
See this for crazy. A little something I created. https://www.myfxbook.com/members/whiteboy/rainbow-bmea/1142072

Yes crazy 😁

It seems that you trade some pairs that we don't expect to be managed by BMEA. You use the indicator rainbow to enter trade ?
You're sniping the market with all your trades :)

Good job !
Member Since Jul 22, 2014   66 posts
Feb 03, 2015 at 21:37
gorydan posted:
Good Work.

I'll test it on demo account.
The only problem in future for live account is to cut our dependence with the account of alex which comes to interfere with trades generated by banana.
In the BlueMonkey EA, perhaps we have to disable 'DLL imports' or 'Import of external experts' wich seems to be be 'wininet.dll' in the expert tab.

Best regards

The BMEA with Banana works in any account. Doesn´t need to be registered by Alex.
Member Since Jul 22, 2014   66 posts
Feb 03, 2015 at 21:40
whiteboy posted:
See this for crazy. A little something I created. https://www.myfxbook.com/members/whiteboy/rainbow-bmea/1142072

Good job. As you see the main goal is to open the trade giving BMEA room to manage the baskets. When market goes against us and the basket is too much exposed the crash is fast.
Member Since Jul 22, 2014   66 posts
Feb 03, 2015 at 21:49
Now Alex just published a new REAL account with BMEA:
https://www.myfxbook.com/community/trading-systems/blue-monkey-12-fxchoice/899720,1

I´m stopping all the trades of this demo account (now we are at breakeven) and I will change the Banana´s open order logic. With more than 600 trades I could map the gains and losses. I detected that 80% of time Banana opens trades at the best point. Now we will restart the account giving BMEA more space to manage the basket and we can compare our results with Alex account.
Member Since Oct 11, 2014   51 posts
Feb 07, 2015 at 03:06 (edited Feb 07, 2015 at 03:10)
@maiamrn so sorry to see your demo account plummeting this week erasing all the gains, but just want to give you a little encouragement before you're thinking of dumping the Banana add-on (I hope not), that for the past 1 week I put the banana add-on into action in my demo account, the account has survived this brutal week with a nice profit.

It started the week with around $5200, and as of now (end of week) the account balance has grown to $6600 and the floating loss around -$800, leaving the equity around $5800... so it's not bad at all.

I think the only major different between our settings is the 'Daily trend influence', I set it to the default 'Avoid trades in contrary strong trend'.

I hope you'll continue this project and would give it another try probably with different settings.

Cheers...

 
Member Since Jul 22, 2014   66 posts
Feb 11, 2015 at 21:09
Hi,
The Banana 1.2 version will have the exposure control issue corrected and an important improvement called lots amortization. This tecnique will reduce the opened orders as the maket moves when the fx pair is much exposed. This is a new algorithm and requires some time to code. Banana addon is becoming complex , not only opening trades but filtering market, controling exposure and even taking control over BMEA. I m very excited with this experiment and you will be too.
Member Since Oct 11, 2014   51 posts
Feb 12, 2015 at 08:30
Way to go.. I can't wait to give it a try!
Member Since Jun 25, 2011   69 posts
Feb 12, 2015 at 08:41
I definitely stopped BlueMokey while BananaAddon is doing good, I took a stop but has recovered nicely.
Thank you @maiamrn
Member Since Jul 22, 2014   66 posts
Feb 13, 2015 at 16:39
@askew8 Your account reaches 220% in 1 week!
https://www.myfxbook.com/members/askew8/addon-banana-bmea/1148116

It´s better to reduce lots. The Banana version 1.2 will help to avoid the equity drawndown stop-out. The new version will be released next Thursday and I realize it will allow more initial volume exposure (=more profit) .
Member Since Feb 24, 2014   196 posts
Feb 13, 2015 at 16:44
Well to be fair, the first wee was double the risk because I was restricted to .1 lots and only had 5k acct. But this week alone was 80% with the correct settings of .1 for 10k. No huge drawdown this week either. 8% so that's pretty good. On a live acct, I plan to reduce it even more to .05 per 10k.
Member Since Jan 30, 2014   48 posts
Feb 13, 2015 at 21:24
maiamrn posted:
Banana and BMEA working together with NZDCAD. In this picture we can see that Banana is monitoring the market all time.
Note that on right graph that the blue arrows shows buy orders only when the market is trending up. The inverse occurs with sell orders in red.
The Exposure Control is displaying an increase in traded lots. If BMEA continues to open more orders and Banana AddOn reaches next level it will manage the basket and tries to close the entire basket at break even.


 

As seen on your pictures, BMEA manage the 2 directions at the same time ? because I remember I couldn't do that, just one direction was managed and the other trade was orphan.
Member Since Jan 30, 2014   48 posts
Feb 13, 2015 at 21:29 (edited Feb 13, 2015 at 21:29)
askew8 posted:
Well to be fair, the first wee was double the risk because I was restricted to .1 lots and only had 5k acct. But this week alone was 80% with the correct settings of .1 for 10k. No huge drawdown this week either. 8% so that's pretty good. On a live acct, I plan to reduce it even more to .05 per 10k.

Do you use main settings ?

daily trend influence : avoid trade in contrary strong trend
trend force limit to allow trades : 40
Banana orders stoploss level : 1000 points

Member Since Feb 24, 2014   196 posts
Feb 15, 2015 at 22:48
askew8 posted:
Well to be fair, the first wee was double the risk because I was restricted to .1 lots and only had 5k acct. But this week alone was 80% with the correct settings of .1 for 10k. No huge drawdown this week either. 8% so that's pretty good. On a live acct, I plan to reduce it even more to .05 per 10k.

Added 3 new charts to my demo account. AUDUSD, EURAUD and AUDNZD

Will see how it handles them as well.
Member Since Jul 22, 2014   66 posts
Feb 16, 2015 at 18:55
The DD is very tight in this account so I added 3 more pairs to increase profit and try to increase drawdown too(for testing purposes).
The new version 1.2 may also be adjusted to performs like version 1.1
The main difference is that version 1.2 will drastically reduce the possibility of reaching the margin stop out. I´m working to release this version 1.2 at this week. However you can see that version 1.1 is doing very well in my other real account.
I´m very confident that we will have a good solution to take good pips from the market.
Member Since Jun 25, 2011   69 posts
Feb 18, 2015 at 08:05
@maiamrn there is any chance to have a custom comment field in next version? However thank you again for your AddOn, it works really nice.
Cheers.
Member Since Jan 30, 2014   48 posts
Feb 18, 2015 at 18:05
@maiamrn
Your Add-on works really nice, I congratulate you on this work and the quality of trading which brings us this robot.
There's not a lot of discussion on this thread but the quality is here.
Member Since Feb 24, 2014   196 posts
Feb 18, 2015 at 18:10
gorydan posted:
@maiamrn
Your Add-on works really nice, I congratulate you on this work and the quality of trading which brings us this robot.
There's not a lot of discussion on this thread but the quality is here.
I must agree. I'm up over 350% on a demo and started a live acct on Monday and that is up almost 30% so far! Very nice work.
Member Since Jul 22, 2014   66 posts
Feb 19, 2015 at 09:22
jhnnavoigh posted:
@maiamrn there is any chance to have a custom comment field in next version? However thank you again for your AddOn, it works really nice.
Cheers.
I will modify the code of the future version to allow change the comment. Let´s make it on version 1.3 bacaouse 1.2 is already done.
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