Mark120169's easy and free daily system

This is a discussion on Mark120169's easy and free daily system within the Forex Net Trap forums, part of the Specialists' Corner category; Originally Posted by MaxiV ...well in that case i'll crack on with the back test and present the charts and ...

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Old Jan 19, 2012, 2:51am   #17
 
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Re: Mark120169's easy and free daily system

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...well in that case i'll crack on with the back test and present the charts and results by the weekend 2006-2011..... until then...
Can't do it with the Amazing EA. As explained testing this EA with MT4 strategy tested is a day by day process due to the fact on the Nday variable where you have top set the date you want the EA to run on.

This is becuase it was written to straddle trade the news, and "Red" news events don't happen "daily" on any particular pair.

Also even to backtest this on MT4 manually requires use of the M1 data in strategy tester, as the EA is designed to only run on the M1 charts. Also it wont run at all with wide date ranges. You have to set the MT4 ST date range one day either side of the date you want to test to get a result just for that day. Otherwise it rolls on the trade to future days until s/l or TP is hit becuase the EA has no "close trade @ time" function like FNT Trader does.

Say you wanted to run strategy tester for this Tuesday 17/1/12.

You would have to set MT4 Strategy tester to M1 data, tick by tick, with a date range of start 16/1/12 and end 18/1/12.

Then you have to load the EA preset file and set Nday to "17". Run the MT4 strategy test, record that days result in a spreadsheet and then adjust and repeat the process for the next day.

This is where SLM cause me some issues becuase if any particular days M1 data is incomplete the MT4 test just wont start, or stops and falls over or returns a "0" result.

Is currently a very time consuming task to test this, hence I haven't fully completed 2011 yet! , let alone years before.

Hence the EA needs to be rewritten to run like FNT Trader beofre you can run autoanted daily resting for weeks / months / years.



M

edit, : And it took me a few days of playing with MT4 ST and keyboard bashing to figure this out to even get the EA to start and produce a correct accurate "matched" result based on "live" trade results I had already take using the EA!
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Old Jan 19, 2012, 4:14am   #18
 
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Re: Mark120169's easy and free daily system

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First loss of the year today - 50 pips. Long order triggered overnight and was about +6ish come 8am. Then London open dragged it down flippin 65 pips in just 1/2 hour, taking out the S/L then it bounced straight back and shot northwards.

Was a BRN issue as 8am open was 12798 , so market was shorting off the 12800 price level.

Pain as the day closed up +111 pips so would have made us +61 pips, over 2% gain.

Such is life and the positive way to look at it is that the trade was not whipped into the short order triggering then also losing which it would have if triggered.

So in this regard my observations from 2011 have worked with the 50 pip distance from daily open, because a 25 pip distance I started trying would have been whipped for a double loss today.

M
Comparing what would have happened with Eur/JPY yesterday vs the above EU trade things would have gone slightly differently in our favour.

EJ long didn't actually trigger until after the 8am to 10am swings that took EU out. Then price rose steadily , with constant retraces then rising again. Would have closed out the day @ 11pm for about +28 pips profit (just over 1%) vs -50 for EU.

So for sure will backtest EJ for 2012 over the weekend to compare to EU. I am adding EJ as a trial from today.

M
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Old Jan 19, 2012, 6:42am   #19
 
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Re: Mark120169's easy and free daily system

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I have just downloaded the .pdf and renamed it as a .set and dropped it into and MT4 demo account and it works perfectly? In fact I downloaded it and renamed it in one swoop by doing "save as" and editing ".pdf" to ".set" and then ok. For those struggling with this either email me and I will email you the .set file or set the Amazing EA up manualy with the following settings :
Many thanks Peter / Mark

That's worked now thanks!



Cheers

-Steve
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Old Jan 19, 2012, 11:31am   #20
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Re: Mark120169's easy and free daily system

Mark,

How do you handle the weekends. I assume you close out all trades Friday evening at just before close of markets and then reopen the EA Sunday just after open, so the gap would of already happened?

Just done a quick manual backtest since 4th Jan, and although I didn't quite match your figures (for the sake of quickness, I was closing the trade at 00.00 broker time and taking opening price at 00.00 also) it still showed 293 pips profit.

Well done. Great start to your new year!
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Old Jan 19, 2012, 12:08pm   #21
 
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Re: Mark120169's easy and free daily system

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Mark,

How do you handle the weekends. I assume you close out all trades Friday evening at just before close of markets and then reopen the EA Sunday just after open, so the gap would of already happened?
Correct. Close friday trade @ 10pm and Place Mondays trade @ 10.55pm on Sunday night.

M
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Old Jan 19, 2012, 12:12pm   #22
 
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Re: Mark120169's easy and free daily system

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Just done a quick manual backtest since 4th Jan, and although I didn't quite match your figures (for the sake of quickness, I was closing the trade at 00.00 broker time and taking opening price at 00.00 also) it still showed 293 pips profit.

Well done. Great start to your new year!
I traded 3rd Jan too which made +65 pips. plus a few other differences based on what's actually happening within the daily candle on price mevement.

Will post a spreadsheet for January @ months end.

Todays long is live, hopefully it won't get stopped out and the markets will keep push EU higher like the last few days.

M
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Old Jan 19, 2012, 11:21pm   #23
 
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Re: Mark120169's easy and free daily system

mark120169 started this thread Looks like another successful day looming. First EJ live trade doing more than ok currently sitting on +73 and EU is sitting on +57.

As the last few hours get like watching paint dry (main trouble with 24 hr trades, lack of nerves!) I have manually moved s/l on both to +50 to ensure if there is a sudden slight sell off in the next 40 mins I will walk away with +50 pips (2% a peice) on both trades.

M
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Old Jan 19, 2012, 11:30pm   #24
 
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Re: Mark120169's easy and free daily system

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Looks like another successful day looming. First EJ live trade doing more than ok currently sitting on +73 and EU is sitting on +57.

As the last few hours get like watching paint dry (main trouble with 24 hr trades, lack of nerves!) I have manually moved s/l on both to +50 to ensure if there is a sudden slight sell off in the next 40 mins I will walk away with +50 pips (2% a peice) on both trades.

M
Well done, I'm ready to rock and roll for tonight so will see how things go!

-S
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