Anyone want to try this EA?

https://www.earnforex.com/metatrader-expert-advisors/myRandom

Be quite interesting to see how it does....

It's a random trade thingy. I did a little bit of back testing seems to have a positive trend.

It would be sooooooo funny if it does make money.

I would not be surprised. MM is the key in such cases. Once I tested my home made EA that was supposed to buy GBPUSD each morning on 9 am GMT, as far as I remember the SL was 100 pips and TP was 200 pips (or some similar 2R ratio). Tested over five years or more it provided positive results... :-) Unfortunately, I lost it during a HDD crash so I cannot provide exact details. I tested it with Forex Tester 2.

PD

There's a very clear case for time based trading. Buying or selling a pair at the same time everyday is not as random as you might think.

Buying EurUsd at GMT midnight for the last year and closing out at 01:00 would have netted you 1300 pips in 365 days. The evidence is here: https://articles.mql4.com/915#10016

Very strong patterns around 11:00 and 15:00 and 16:00. Time based trading can do about 30 000 pips a year if I add all of them up.

But I wouldn't mind seeing how this random EA would work on 20 pairs. Unfortunately my server is going to be real busy soon, so I don't want to plonk it on there. And on this machine I have dodgy internet , it comes and goes, so I can't run it...

That's why I was so interested in this thread: https://www.myfxbook.com/community/trading-systems/markets-not-random/38068,1

Unfortunately Russel was a bit sensitive, so he left. I tried to tell him I was interested in his work, but he got super offended for reasons I'll never understand.

Russel's cycles were a step further than the work I've done.

I said right everyday at time x we need to be selling or buying. His says On Monday at time x we need to be selling, but on Tuesday it needs to be time y...and so on. And after 5 days it will reverse. And another 5 days it will reverse again.

Wish I knew where that came from. Would need to be quite a computer buff to write something that can go identify those kind of cycles. Would need good data and a serious machine.

You ask... I answer... You got good vouch stat... so I listen. 😁

Will try to find the time to set it up on demo... should be interesting.

Well I don't know if it works. I crashed my laptop and all my data is gone, so I can do a little bit of back testing and it seemed to drift up....

I idea is really to see if random works...cuase then everyone wasted a lot of time with indicators and also means fx is not about direction, which is something I believe to be true.

Woo... if it's going to crash ur laptop... I guess I need to have second thoughts about testing this...

From what I gather... or trying to understand this topic of randomess. Are you suggesting a random entry and exit? Meaning flipping a coin to see if you are going to sell or buy at the moment you flip the coin? Is that what this EA is trying to do? Enter and exit at a very random time. Or enter and exit randomly at a fix time.

Ship's crashed my laptop. I'm usually always on the move, laptop gets plugged into different power sources 110v/220v including generators on ships. It's the only explanation I have for why my laptops blow up every few months. I can never get the guarantee because by the time the damn thing blows up I'm usually in a different country already. Either that or the laptop bends in my bag. Last one the motherboard cracked...how the heck does that happen? Only six months old and I bought that in Dubai airport because that's where the one I bought in Thailand blew up.

That EA does random entries yes. Random everything I presume with fixed Sl's and Tp's.

If you look art a bunch of successful traders in a chat room, you'll see they're always calling against each other. Sometimes they agree, but mostly not. Yet they all make money.

So it can't be the calls. And if it's not the calls, then what is it?

Elkart posted:
    https://www.earnforex.com/metatrader-expert-advisors/myRandom

Be quite interesting to see how it does....

i tried it with ibfx. it only sends me error 130.

i think the solution would be to open an order without sl/tp then modify the sl/tp AFTER opening the order/position.

i hope somebody could edit the code and add a modify order line/syntax. thanks.

Probably the 5 decimal thing, just add an extra 0 for the TP and SL...

Elkart posted:
    Probably the 5 decimal thing, just add an extra 0 for the TP and SL...

tried it already. still error 130.

Or make sure you run it on a 4 decimal server...

Yeah - I just tried a manual trade on ibfx and I can't set them with TP or SL. That would require a code change then.

Here you go..........

Also added my own flavour trailing stop.

wow. thanks kenny. gonna test it now live. 😄

There are some elements of this EA that I like:

    1) It uses 90 pips stop-loss and 600 pips take-profit - good risk to reward ratio. The take profit is a bit aggressive.
    2) No trailing stop-loss. Good, it is one less variable during optimization; hence, it will help to avoid curve fitting.

I am a bit leery on the number of trades:

    The EA will trade 6-7 times a month on average. If you take 7 trades multiply by 12 months and times 11 years, you will obtain 924 trades. This is a bit low for a proper statistical sample if you were to back test it for 11 years.

Actually it waits for a number of bars between each trade. Use on a lower timeframe to increase the number of trades.