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KeltnerPRO - Jared (By keltnerpro)

Gain : +5645.75%
Drawdown 58.74%
Pips: 4744.8
Trades 1003
Won:
Lost:
Type: Real
Leverage: 1:100
Trading: Unknown

KeltnerPRO - Jared Discussion

btanalysis
Mar 11 2015 at 11:16
95 posts
Another question to Jared. The KeltnerPro manual says:

'MaxOpenOrders- This is the maximum number of trades that will be open at one time per
Chart. No new trades will be open by the version in question if this number is met.
If you have multiple charts open, each chart will be allowed to open 3 simultaneous trades.'

I have three open charts: EURUSD, AUDUSD, and GBPUSD. I would like the bot to open a max of 4 orders on EURUSD and a max of 3 orders on AUDUSD and GBPUSD each. Do I set MaxOpenOrders for EURUSD to 4 and for AUDUSD and GBPUSD to 3 while leaving the magic number the same for all three charts? Or should the magic numbers be different for each chart?

marran (marran)
Mar 11 2015 at 11:17
120 posts
I am beginning to loose faith in this EA i have had nothing but rubbish results so far

btanalysis
Mar 11 2015 at 11:18
95 posts
Jared, if I choose to have a different max number of trades per chart, do the magic numbers for each chart have to be different or the same?

FXtrader2010
Mar 11 2015 at 13:12
724 posts
marran posted:
I am beginning to loose faith in this EA i have had nothing but rubbish results so far
Yeah I felt the same way but this is really just a long term EA, Im going to use again but lower risk and hold out for long term.

keltnerpro
Mar 11 2015 at 15:44
49 posts
btanalysis posted:
Another question to Jared. The KeltnerPro manual says:

'MaxOpenOrders- This is the maximum number of trades that will be open at one time per
Chart. No new trades will be open by the version in question if this number is met.
If you have multiple charts open, each chart will be allowed to open 3 simultaneous trades.'

I have three open charts: EURUSD, AUDUSD, and GBPUSD. I would like the bot to open a max of 4 orders on EURUSD and a max of 3 orders on AUDUSD and GBPUSD each. Do I set MaxOpenOrders for EURUSD to 4 and for AUDUSD and GBPUSD to 3 while leaving the magic number the same for all three charts? Or should the magic numbers be different for each chart?


All of the charts work independently of each other, so you can leave the magic number the same and you won't run into any issues.

keltnerpro
Mar 11 2015 at 15:44
49 posts
marran posted:
I am beginning to loose faith in this EA i have had nothing but rubbish results so far


Care to share your results so I can take a look?

btanalysis
Mar 11 2015 at 22:15
95 posts
Thanks for your response, Jared. Why don't you run KeltnerPro on EURUSD with MaxOpenOrders=5? My tick data backtest drawdown with this value since 01.01.2010 until present is the same as with the default MaxOpenOrders=3, yet the profit is much bigger and the profit factor is higher.

FXtrader2010
Mar 11 2015 at 23:03
724 posts
btanalysis posted:
Thanks for your response, Jared. Why don't you run KeltnerPro on EURUSD with MaxOpenOrders=5? My tick data backtest drawdown with this value since 01.01.2010 until present is the same as with the default MaxOpenOrders=3, yet the profit is much bigger and the profit factor is higher.
More risk , that is curve fitting bro

forexstriker
Mar 12 2015 at 07:18
31 posts
FXtrader2010 posted:
btanalysis posted:
Thanks for your response, Jared. Why don't you run KeltnerPro on EURUSD with MaxOpenOrders=5? My tick data backtest drawdown with this value since 01.01.2010 until present is the same as with the default MaxOpenOrders=3, yet the profit is much bigger and the profit factor is higher.
More risk , that is curve fitting bro

If that is curve fitting, then I can't reasonably expect the same win-loss ratio of roughly 50/50 for this EA in the future?

keltnerpro
Mar 13 2015 at 11:43
49 posts
forexstriker posted:
FXtrader2010 posted:
btanalysis posted:
Thanks for your response, Jared. Why don't you run KeltnerPro on EURUSD with MaxOpenOrders=5? My tick data backtest drawdown with this value since 01.01.2010 until present is the same as with the default MaxOpenOrders=3, yet the profit is much bigger and the profit factor is higher.
More risk , that is curve fitting bro

If that is curve fitting, then I can't reasonably expect the same win-loss ratio of roughly 50/50 for this EA in the future?


Keltnerpro was never curve fitted. The results you have seen the past year were not the result of optimizations, but more the result of an effective strategy.

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