Bug fixes: - Fixed the bug resolving swap balance into the trade.
New: - Swap Biased. Created a swap balanced biased buy/sell boolean trade open which will basically open trades based on if you want to side on positive swaps only. (Ex. 1 lot *at 100,000* AUSUSD swap for buy/sell is 6/-20...with biased trades, you can have so that it only opens proper buy signals.)
- No Trade Spike. Since this is an enhanced martingale based trading system based on reverse and bouncing trends, I made a No Trade Spike value which will negate a trade from opening if a candle becomes too wide, too fast. Using the global variable storing system, this will check the time and difference for each tick and if it becomes too fast of a trend, the trade will not initiate. (Currently set at 35pips in 30 seconds.) *Still in testing*
Future Updates: - I want to create a friday no trade time deadline as I prefer not to have any open trades when the market closes for the weekend due to possible unexpected jumps in the market that might occur. Hopefully I can make this day based and time based so we do get some morning and mid day action.
Other than this, so far so good...cleared my +10% goal in under 15 trading days on a $5k account. This is highly recommended on a 10K account for marginal purposes, especially with me using 4 currencies. (So that would be 5% in 15 trading days.)
Yea, I did 3 years, Even on my macbook pro and all its glory...it took several hours just for one currency since this is checking tick by tick.
...and I did it several times since a lot of the original figures I put in crashed and burned.
This system was based off of one i found for free at the forex factory which was pretty horrid if you did a year, I basically did figure testing and lot ratio testing for several days till I found one that lasted 2 years but it failed at 3.
From there, I customized the code to my own perspective of the markets using Pivot Points to make a biased buy or sell open, along with RSI, BB, and the basic 3 EMA crossing for entry.
With that, it lasted the 3 year range with a 5K starting balance (and let it run) and it ended some where in the range of 16k...but then again, this was based off EURUSD only.
...I'd really have to redo a backtest to tell you exact figures. As for 5 years, man, I didn't have that much patience! (My current EA made about 400+trades in 15 days, imagine 5 years!!)
I have to do a new backtest anyways with my new addons and bugfixes so i'll let you know how it goes!
- Implemented a Friday no-trade system where to prevent open trades from staying open, the EA will stop trading on friday after a given set hour. This will not affect already open trades and it's original routine. (Currently set at 12pm ET giving a 5 hour cushion before day closes)
Glad to announce this EA being up for a full month today and it has reached +20%. Although this might more or less be inaccurate due to the compile error on June 23 in which part of the day the system was over earning not at the optimal setting which resulted in a 1.5% gain in the day instead of a normal 0.45-0.70% day...but i'll take it!
Well, im glad this system survived the quick run up's/down's in the market yesterday. Even when running this on 4 Currencies at a time...
Expected Future Updates:
- Martingale Profit Multiplier: I've noticed that some of the slower trades are not worth the value and time for the same return as one that would finish is 10-15 minutes. And since this system is martingale based, I will just have the base profit per completed trade multiplied by the level of trades currently running. Starting from level 2 trading.
Ex. If i were at level 7 trade for a currency, the base profit would be multiplied by 20%+Level of trade. So if your base earning was $10 per completed trade: 10 * (1+(0.20 * 7)) = $24
Why This Could Work In theory this should work out just fine because using my current settings, at level 7, this would result into requesting the EA for 1 more pip. From level 2-4 its requesting about 2.5 pips more than normal, 5-8 is requesting just 1 pip more, and level 9+ is asking only for a fractional movement. Also, from the ranges 3+, that extra pip will result in overage from the multiplied profit amount and the overage is wider as the level is higher.
Another +20% month. Loving it. Going to go live with this possibly by End-September or Early-October. This EA has been prepped for Slippage support and Delayed orders already so results should be similar.
As for my 'Profit Multiplier per Level' update, It has come to my attention that the EA automatically. Didn't know my code had a positive side effect!! I'm going to code it in just to have it as a set standard anyways but it's good to know that in a sense, it is already there.
After closing the month at +26% i've be doing some reports to check how I stand marginally and noticed that my drawdown (Relative and Maximal, not Actual Drawdown) was only around 7% at $470...i calculated the margin required while in the drawdown and it stood to nearly only 28% (roughly $1,400) of my actual account starting balance. In other words, a lot of the balance is not being used at the moment but can be utilized for just-in-case moments.
Normally, i would be fine with that...after all +26% in the month is not a bad thing...
...but I decided to add 2 more currencies to the mix instead of just increase earnings (since increasing lot's and target earnings can multiply a problem).
- Made a simple stop trading variable to prevent any trades from taking place. Useful when you know you will need to take your computer. Prevent's opening of 'new' trades but can continue to operate and enter trades to the ones already running. (Will most likely update this and create scheduled stops so you can plan ahead to make sure all trades are closed.)
Other info I finished my recode of this EA and the new EA is in testing right now. Ironically, even with the same setups, same indicators, same broker, same everything practically, the new EA outperforms this one because for some reason, it opens a lot more trades than this one currently. Even running at half the lots, the percentage gain is +80% larger than this one daily. (And i haven't figured out why yet.)
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.