HMA EA-Live Discussion

About 45 minutes until NY opens. COVID news in Europe has affected the markets so hoping to turn the account around today / tonight.

2 weeks later and almost there. US markets just opened so hoping to restart next Monday.

bl4ckp3n9u1n posted:
2 weeks later and almost there. US markets just opened so hoping to restart next Monday.

Finally traded my way back from a -$158 equity with a small profit waiting for a new start next Monday 2 October 2020.

Start of the week and new start to the month.

It is generally accepted now that many large companies and orgainsations take a less risky approach during the week before and during the US elections through a liquid cash management strategies. In saying this, many don't actually halt trading altogether but more so exit out of positions that maybe volitile during these weeks and keep the stable stocks / trades.

My strategy is to trade with the potential movements with pairs that are cointegrated having smaller variances thus catching the sideways movements and not worrying about top and bottom gains.

I have changed my live account fx pairs also;

Group 1:
B: GBPUSD,EURUSD
S: EURGBP,EURGBP

Group 2:
B: GBPUSD,EURGBP
S: EURUSD,EURUSD

Group 3:
B: EURUSD,EURGBP
S: GBPUSD,GBPUSD

Have attached an old visual as to why as I hope that this will provide more opportunites to enter into the market.

bl4ckp3n9u1n posted:

bl4ckp3n9u1n posted:
2 weeks later and almost there. US markets just opened so hoping to restart next Monday.

Finally traded my way back from a -$158 equity with a small profit waiting for a new start next Monday 2 October 2020.

Congrats, that sounds great!

I did try to load Corti EA again at the start of the trading day but was unable to get the right settings again.

As the name change suggests and description, I am now using the Indicator EA with only one fx pair. It has some suitable settings now after a bit of testing and optimising over the weekend which should see some interesting results.

I have also loaded 4 demo accounts also in my portfolio using the HMA EA, fx pairs named in the profiles.

DoraWalletInvest posted:

bl4ckp3n9u1n posted:

bl4ckp3n9u1n posted:
2 weeks later and almost there. US markets just opened so hoping to restart next Monday.

Finally traded my way back from a -$158 equity with a small profit waiting for a new start next Monday 2 October 2020.

Congrats, that sounds great!

The 'Magic'of using fully automated EA's.

Trial and error but at least risking a very small account has helped me tweak a few settings for next time.

I had an interesting start to the week where now again I am waiting for the rebound to make a small profit which I am confident that this will happen - as per the attached screen shot.

This is using the HMA EA indicator and I have had to change back to manual mode and placing my own TP's just to cover myself.

The other accounts I have 'played' with the settings which I am feeling more comforatble with now as backtesting (MT4 strategy tester) is different when you have a live account and in all, I have got a good EA now that I am going to run for a few weeks like I did with Corti 2.22 and the plan is to get to $400 and then split to start up Corti again on another live account.

Currently my Live and EURUSD demo accounts are the only ones not using the v1.10 HMA EA whic I will activate once the TP's are met.

Screenshot attached of backtesting results for v1.10 with an account starting with $200 USD.

A reminder that the drop in the account at the end only represents that 'cut-off' of data which there are open trades, hence why I don't see much of an issue with the overall results.

So I manually closed out the live account positions as you'll see that the markets had a substantial movement in the other direction and in doing I went from $221 to $24.63....

I am going to trade manually now to get my account to $200 again.

Your account crashed (as expected). The risk was way too high. Try to trade with only one forex pair, not 3 or 4 at once. ;-)

marco_mmbiz posted:
Your account crashed (as expected). The risk was way too high. Try to trade with only one forex pair, not 3 or 4 at once. ;-)

And now he deleted the system. Would be good not to do that so others (we all) could learn.

EA is hard to be profitable on long run, as it needs constant tweeking to adapt to the market conditions, at least thats what they say. i have never tried to trade with EA on live niether on demo. good luck

its really smooth. worth of its price.

I have decided to try an extra pair, this may or may not work so I will test this for the week.

The EA is based on an equity calculation for entry and exits so theoretically one will start from the 'base' equity and depending on the price movement being either negative or positive the second would use that figure to calculate its entry, whenever that is. However, what does need to be observed is if the exit is based on the entry calculation or current which I think it will be thus meaning the EA will either place me into considerable risk if the movements are too great either way that will affect the margin or my targets will be achieved quicker.

An additional change I have made is the minimum return % on the second pair (AUDJPY) lowering this to 3.5% as I actually used that originally for my testing.

The reason why I have chosen these pairs is on average there is about 150 pip movement either way that is enough to make a profit for each trade execution plus there is a lot of side movement during the Australian trading times with USDJPY so I am hoping this will execute a few more trades over a 24 hours period.

Final note, on average there has been two trades per day so originally setting a minimum % return of 3.5 should provide me with the goal of 5% per day or 25% per week and based on two pairs now at 3.5% and 4%, I should be able to get 10% a day or 50% per week.

This is my theory and unless I test this for better or for worse, I won't know.

As a small update I have been monitoring the trading for the last 12 hours and now only realised that I did not change the magic number on the second chart.

Hopefully this corrects the no-start issue and the real test of running two pairs on the EA should start in shortly.

what does magic number actually do? :)

jmaster posted:
what does magic number actually do? :)

In my case the magic number needed to be different as I was using two different chart pairs thus wanted only the equity of my account to be the basis for the calculations. I found that there were conflicting issues with the EA from triggering the trade.

My understanding is that the EA and the magic number is used to connect specifically each other, there maybe circumstances where using the same magic number on a set of 'triangulation of pairs', but I am yet to look into this. I have tried triangulation before on an EA but that allowed for multiple buy and sell pairs.

I am not an expert on the matter but have always changed the magic number if I have made changed to the EA before making it live and always had separate numbers for each chart I am using.
 
    

bl4ckp3n9u1n posted:
As a small update I have been monitoring the trading for the last 12 hours and now only realised that I did not change the magic number on the second chart.

Hopefully this corrects the no-start issue and the real test of running two pairs on the EA should start in shortly.

UPDATE: I did try running two pairs but I believe that the correlation was far to great which meant a very long time (one whole day of no trades) before there was an exit.
Quite possibly a good correlated pair could work?

I have now reverted back to the original USDJPY (M15) and due to the not so smart idea I had at the start of the week would be over my daily and weekly goal by now.

Still two full days of trading and I see this reaching my targets by the end of Friday.