A truly amazing EA

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I am quoting this post requesting some help. Can someone clear this up?

ElectricSavant said:
Lets try and figure out what this EA is doing?

If there are no open positions (opened by the EA), two oppositely directed positions with the "Lots" initial lot are opened with a stop loss equal to "Stop Loss", while take profit is not used. Stop loss moves using trailing ("Trailing Stop" and "Trailing Step" parameters are applied).

Ok so we get a hedged opening (1 long & 1 short) with a trailing stop on each side when the EA first starts... so far so good. One position will eventually close before the other one and there will be a loss in the other one. This can take some time usually one day.

I sometimes turn the EA off to capture profit and get a restart from the beginning. So this Hedged start can be expected in beginning when I turn the EA on each time. It takes one day for the EA to find its direction. The restart is good as it restores leverage and it allows the EA to naturally find what the market IS CURRENTLY DOING.

Trailing

Position's first modification reliably moves a stop loss to a breakeven or even a small profit. The subsequent modifications of Stop Loss increase the guaranteed profit.

So the stop loss that is used when first starting this EA is a trailing stop. One of the orders will reach a profit and the other order will be in a loss...this is the nature of a hedged opening. Anyways the profitable side of the hedge will get the trailing stop loss following the positive price direction and hopefully reach breakeven or more. below are some scenarios:

Two stop loss activation options are available afterwards:

Position has closed with a loss
In this case, we assume that the trend has reversed
So the trailing stop on the positive side of the hedge did not get enough follow through to get to breakeven.

Open a position with an increased lot (add "Number of minimum lots" to the volume of the remaining position) in the direction opposite to the closed one. For example, the unprofitable BUY position has been closed. Then open a SELL position with an increased lot. Thus, we obtain two positions in one direction.

Rather brilliant how Urdala determines direction...ON PRICE ITSELF...LOOK MOM NO INDICATORS.
Further on, it works only in the obtained direction:

So it pyramids


wait till the price leaves the least loss-making position by "Step" points in the loss-making direction and open a position with an increased lot (add "Number of minimum lots" to the volume of the least loss-making position) in the direction of existing positions (as you remember, we have one or several unidirectional positions). ?????

I am lost here


Position has closed with a profit (this is the position that was modified at least once)
  • 2.1. We assume that this is not a trend reversal, but a small rebound. Open a position with an increased lot in the direction of the closed one. For example, a profitable BUY position has been closed, then we open a BUY order with an increased lot. Thus, we obtain two positions in the same direction.
  • 2.2. We try to apply trailing afterwards. In any case, one of the Stop Losses will work and we will return either to p. 1 or to p. 2.
Calculation of BUY and SELL positions, total profit on BUY and total profit on SELL, as well as searching for the least loss-making BUY and SELL position are performed within one call in the CalculateAllPositions function.

Can someone tell me what this EA does? I can't figure it out. All of this is translated from Russian.
More...
 
The ATR spreadsheet is necessary. I often adjust the input screens of each pair according to the 1440 period ATR on the M1 and my spreadsheet. Note: Each pair has a unique magic number.

I thought it might be helpful to show the current input screens of the 4 pairs that I have installed this EA on:

  • EUR/USD
  • AUD/CAD
  • GBP/JPY
  • EUR/NZD
ElectricSavant
 

Attachments

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  • 2018-10-06_074835 AUD.CAD INPUTS.png
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  • 2018-10-06_074859 GBP.JPY INPUTS.png
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  • 2018-10-06_074931 EUR.NZD INPUTS.png
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Folks. You will eventually realize what a gift I am giving you and the trading world here. What is in it for me? I am slapping the face of my inability to grow rich through trading by realizing that I will never recover the time and money I have wasted. Maybe somebody will read this thread and understand to grab on to this as you will truly save time and money. Tell your friends.

Thank You Lord Jesus Christ for including me in the book of life and for allowing this thread and for allowing me to be alive in the testing period of eternity.

ElectricSavant
 
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Life, life will never be
Life, life will never be the same
Time is gettin' cold what is going on
What is on your mind are your feelings gone
Need to see it clear where do we go
Why are you doing things all the things you do yeah
Yeah
Life will never be the same life is changin' yeah yeah
Life will never be the same life is changin'
Everybody needs somebody to love to love
Solo yeah
Yeah oh oh
In the name of love you should draw the line
Got to feel secure
That you're still mine yeah
Yeah
Life will never be the same life is changin' yeah yeah
Life will never be the same life is changin'
Everybody needs somebody to love to love
Solo yeah
Yeah oh oh ...
Life will never be the same Life is changin'
Solo oh oh yeah
Yeah oh oh yeah
Yeah
Oh oh yeah yeah
Life will never be the same life is changin' yeah
Yeah
Life will never be the same life is changin'
Life, life will never be
Life, life will never be the same

 
Hey ES,

Great work and thanks for sharing. Whether this will work great or not, I know how much time and effort goes into researching, testing and developing decent strategies. And not many people share them.
I also recognize here some elements of good strategies (using atr, trailing stops, trend following, asset diversification, and semi-pyramiding), so I believe this may work, and it’s nice to see you sharing full details.
Personally I can’t use it as am in the US and can’t get this much leverage (I think we can get 50:1 max on Forex), but I’m taking mental notes for future strategy developments.
I’m only not sure if what you compare to martingale shouldn’t be more of anti-martingale (or semi-pyramiding), since you’re increasing your bets in the direction of the trend. But these are just semantics, while I’m following some very successful Forex traders that utilize pyramiding.

Btw, couple people are reporting here that you’ve blocked them and that that’s a sign of mental weakness. Just keep that in mind :)
 
Thanks for the kind words...you have seen some of the ingredients that this EA has the way that I trade it. Thank You for seeing and posting.

If we could get this converted to trade in the USA. I will trade 25K at 50.1 with 0.01. We need to eliminate the hedging part of it. And the "first in - last out" rules must not affect it. Maybe there is a way...If i could only trade this in the USA without destroying it. We need a very experienced trader and coder...it is tough to find both.

And my questions need to be answered as to what this EA is doing. I can only understand the translation from Russian to a point.

ES

guru said:
Hey ES,

Great work and thanks for sharing. Whether this will work great or not, I know how much time and effort goes into researching, testing and developing decent strategies. And not many people share them.
I also recognize here some elements of good strategies (using atr, trailing stops, trend following, asset diversification, and semi-pyramiding), so I believe this may work, and it’s nice to see you sharing full details.
Personally I can’t use it as am in the US and can’t get this much leverage (I think we can get 50:1 max on Forex), but I’m taking mental notes for future strategy developments.
I’m only not sure if what you compare to martingale shouldn’t be more of anti-martingale (or semi-pyramiding), since you’re increasing your bets in the direction of the trend. But these are just semantics, while I’m following some very successful Forex traders that utilize pyramiding.

Btw, couple people are reporting here that you’ve blocked them and that that’s a sign of mental weakness. Just keep that in mind :)
More...
 
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I consider Martingale to exist to improve a losing trade or to somehow game exisiting profit. I do not see the incremental position or adding of trades in this EA resembling Martingale.

Would a never ending trend kill this EA the way that I trade it: No
Will chop kill this the EA the way that I trade it: No

Does not sound like Martingale to me...

ES
 
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Does the EA the way I trade it waste spread and PIPs to function and find its way through hedging: Yes

Does this Ea the way that I trade it buffer Drawdown because of Hedging: Yes

ES
 
ElectricSavant said:
Thanks for the kind words...you have seen some of the ingredients that this EA has. Thank You for seeing and posting.

If we could get this converted to trade in the USA. I will trade 25K at 50.1 with 0.01. We need to eliminate the hedging part of it. And the "first in - last out" rules must not affect it. Maybe there is a way...If i could only trade this in the USA without destroying it. We need a very experienced trader and coder...it is tough to find both.

And my questions need to be answered as to what this EA is doing. I can only understand the translation from Russian to a point.

ES
More...

I would also throw some money at a version that could work in the US. And I could even code it, but I already don’t get much sleep while building my own trading system that is more universal and would trade thousands of strategies at the same time, mainly for equities and options.
I may get back to you in the future if I’m able to adapt your strategy in some format that could run standalone.

As for your last point, I didn’t actually understand what is it that you don’t understand in this strategy. But most strategies cannot be fully understood even by those that develop them. My own system creates millions of strategies and I don’t understand all details of the best ones, while logically I wouldn’t even agree with some of them.
 
This EA the way that I trade it is the closest automation that frames what really happens in the market it trades. SIMPLY STOPPING AND REVERSING IS NOT ENOUGH.

This EA the way that I trade it has broken the mold of traditional attempts to put the market in a can.

ES
 
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