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Hi Brothers, Thank You for all of your help and suggestions.
Yes, actually this is only basic concept, the most plain and simple concept of trading, “if current price higher from open price then go long and if current price lower from open price then go short’, and the rest is how to deal with the market condition after that. We don’t need any technical or fundamental analysis, just simple strategy that actually the only one that needed by most of traders. ‘How to turn your losing positions to became in profit or at least breakeven in the end of the trading day’… lol.
When we work with EA like this, it’s very subjective to every brokers environment. the pairs, spreads, the start of the day, server GMT, risk percentage, max positions, etc.
At this video link, is same EA with fine tuning for my friend account, with the main purpose to maximized trading frequency to gain maximum rebates while keep the account equity save (if cannot grow..at least not stop out.. lol). Of Course I change some codes to match the requirements..
Best Regards
MTH
Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/Very interesting brother. Since my test, I have tried switching to backtest it, to try and see if the results in a longer time period. As I have stated in my posted results, a longer period may be neccesary to get more objective results. The problem is whatever I do, the EA wont backtest. The test runs, but wont display results. (Mt4 – 765) Also, the video that you posted is very good and so are the results. I have tried several TFs, but no go.
This is the journal. (attached img)
Best, Michael
Hi Brothers, Thank You for all of your help and suggestions. Yes, actually this is only basic concept, the most plain and simple concept of trading, “if current price higher from open price then go long and if current price lower from open price then go short’, and the rest is how to deal with the market condition after that. We don’t need any technical or fundamental analysis, just simple strategy that actually the only one that needed by most of traders. ‘How to turn your losing positions to became in profit or at least breakeven in the end of the trading day’… lol. When we work with EA like this, it’s very subjective to every brokers environment. the pairs, spreads, the start of the day, server GMT, risk percentage, max positions, etc. At this video link, is same EA with fine tuning for my friend account, with the main purpose to maximized trading frequency to gain maximum rebates while keep the account equity save (if cannot grow..at least not stop out.. lol). Of Course I change some codes to match the requirements..Best Regards MTH
Dear Kiads,
1. Whatever you do, you always make it look so easy :)
2. When I first saw this EA, I immediately tried it. However, at that time I wasn’t using demo accounts. I was against it LOL. I thought it was not a good way of learning… Anyway, the EA gave me error message something like this: “Demo accoount only!!!”. Next Monday I’ll give it a try with one of my demo accounts (now I believe in using them :)).
3. Is it possible to modify the code to try it with a real account?
Best regards…
PS: How do you guys put an endnote here? I couldn’t find it anywhere…
Nothing has ever motivated me more than this...
Very interesting brother. Since my test, I have tried switching to backtest it, to try and see if the results in a longer time period. As I have stated in my posted results, a longer period may be neccesary to get more objective results. The problem is whatever I do, the EA wont backtest. The test runs, but wont display results. (Mt4 – 765) Also, the video that you posted is very good and so are the results. I have tried several TFs, but no go.
This is the journal. (attached img) Best, MichaelHi Brother from your Journal, I don’t see any error related to EA, the errors list only tell that your H4 data feed mismatch and need to refresh, if you want 90% test Quality.
You should use demo account, and also make sure to allow DLL, etc in your Tools / Trade Tab setting.. and tick visual back test to see chart (I am sure you already know all of this, just re-check it).
Dear Kiads, 1. Whatever you do, you always make it look so easy :) 2. When I first saw this EA, I immediately tried it. However, at that time I wasn’t using demo accounts. I was against it LOL. I thought it was not a good way of learning… Anyway, the EA gave me error message something like this: “Demo accoount only!!!”. Next Monday I’ll give it a try with one of my demo accounts (now I believe in using them :)). 3. Is it possible to modify the code to try it with a real account? Best regards… PS: How do you guys put an endnote here? I couldn’t find it anywhere…
Hi Brother, No is not possible to use ‘her’ in your real account, this for your demo account only and for your own safety. Later if you already understand and ready to facing the risk of using an EA, then let me know, just inform me your real account Login number, then I will create personalize EA for your real account.
BTW, for all of you, please re-download the new version 1.1 bellow;
the default setting optimizing for EU M15 or H4 from Jan 2015, with $10.000 testing initial balance.
This new version, use ‘interlocking grid’ with ‘money ‘ as base for determined the ‘range’ between grid. So “GRID MONEY” = 8, meaning $8 if active last position is in profit $8 or in loss $8 the EA will open new position, according to the current situation, whether to support the previous profit position, or to lock and try recover the previous losing position.
The EA name still same only different version, so you will override the old one with this one..
Enjoy.
MTH
Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/Hi Brother, No is not possible to use ‘her’ in your real account, this for your demo account only and for your own safety. Later if you already understand and ready to facing the risk of using an EA, then let me know, just inform me your real account Login number, then I will create personalize EA for your real account.
Kiads, thanks for your fast response. Let me try for 1 week. If I see a light, I’ll PM you my details…
BTW, a very nice video. Maybe you provide another ones to teach us the principles of good trading. I also liked Geometrical Trading videos too…
Best regards.
Nothing has ever motivated me more than this...
Hey Kiads. Yes, its a demo account. I just installed another clean MT4 just for testing. I have checked all of those things, dll, visual. Now, 1.1 runs, but there is a strange error. When I run it, on lets say 4H, it opens many,many trades in the first candle…and the show is over. No errors in journal. Same for 15m. Is anyone else having this error or just me?
Hi Brother, No is not possible to use ‘her’ in your real account, this for your demo account only and for your own safety. Later if you already understand and ready to facing the risk of using an EA, then let me know, just inform me your real account Login number, then I will create personalize EA for your real account.
Kiads, thanks for your fast response. Let me try for 1 week. If I see a light, I’ll PM you my details… BTW, a very nice video. Maybe you provide another ones to teach us the principles of good trading. I also liked Geometrical Trading videos too… Best regards.
Yes Brother, hopefully I have time to create that video..
Hey Kiads. Yes, its a demo account. I just installed another clean MT4 just for testing. I have checked all of those things, dll, visual. Now, 1.1 runs, but there is a strange error. When I run it, on lets say 4H, it opens many,many trades in the first candle…and the show is over. No errors in journal. Same for 15m. Is anyone else having this error or just me?
Hi, Brother, Are You use Oanda MT4 Demo account ?, as far as I know, this US based broker don’t allow hedge positions and also use FIFO rule. This EA only support non ECN outside USA base brokers, due to the interlocking positions concept..
BTW, maybe you could still try to set your tester setting with $10.000 initial deposit, and in EA setting reduce the risk setting to 0.1 (1%) and max order to lower number than 101 (but must be odd number like 11, 21, etc). and make the gridmoney setting wider like 15.. . But I am really sure that this EA strategy will not work correctly in any USA base brokerages.. MT4 platform. Please forgive me for that..
Best Regards
MTH
Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/Dear Kiads, it is Oanda. But the demo accounts I have are EU. So, hedge is still prohibited, but I dont have FIFO problem. (You can still hedge, all you have to do is open subaccount and voila)
I dont understand, why then it will run in the demo(i ran it and posted results for the same account), but wont backtest.
Best, Michael
Dear Kiads, it is Oanda. But the demo accounts I have are EU. So, hedge is still prohibited, but I dont have FIFO problem. (You can still hedge, all you have to do is open subaccount and voila) I dont understand, why then it will run in the demo(i ran it and posted results for the same account), but wont backtest. Best, Michael
Hi Brother, it work on your oanda strategy tester but with wrong behavior.., as long as EA could open/close positions in back test / strategy tester then it mean the main function of EA to open/close position work. So, the next problem is how we could find correct setting to fit that broker MT4 environment because sometime the exactly same ‘command’ will be interpreted differently between two brokerages that use same MT4 build version.
This is the main reason, even I’m an mq4 programmer that create dozens of EA but i don’t rely my real accounts with any EA, because EA is really easy to manipulated or blocked by brokers.. and we never know or notice that.. . When our EA don’t open trade we think that there’s no signal to trigger the trade while the truth our EA blocked or delayed by broker server and when finally the EA open the trade, the position goes in wrong direction because it’s too late or too early.. lol..
And if your brokerage offer you free VPS to do your automated trading.. lol, it will became more easier to them…to know your EA coding logic, since you put your EA program physically to their VPS. So, simply never trust free VPS from brokers side…
So, My Brother, if You still want to try this EA, I could only suggest that you use GMT 0 server with outside USA based brokerages.
Have a nice weekend
MTH
Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/EUR USD M15 Backtest 4 Jan 2015 – 27 Feb 2015
Best Regards
MTH
Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/All I can say is Wow.
Twice today on your work. Those are really impressive results on such a “simple” approach without technical indicators. I will look around to open a demo with another broker to make the test. Can you recommend a good one?I have solved my issue with internet/power for the moment by opening an Amazon AWS. They have one year free service. If anyone here is interested, there is a guide in detail – http://desaroxx.com/run-metatrader-4-on-amazon-aws-cloud.html
EDIT-No need for the new broker. I checked with Oanda, I am on the Europe side, and the EA is now working well. I think it didn’t work on my previous test as the market was closed. Works perfectly now.
Best regards,
Michael
This is my final situation. Perhaps I’m doing something wrong. At the beginning I put TP= 20 SL= 8 points. For the last 2 days I set them equal (i.e. 8 points).
Best regards.
Nothing has ever motivated me more than this...
Dear Brothers,
I have been experimenting with the Dancer EA as well for the past few weeks. My backtests turned out gloriously, I have had runs with really nice returns, but any “realtime” demo testing would end up in the minus, just like yours BalrogTrader. One issue is the Draw down, but that can be improved with certain settings. The real problem is the spread. When you backtest and you choose spread “2” – you must consider that this is not 2 pips, but rather 2 points. Now, most brokerages today offer 1.5-2.5 pips, but for MT4 that would translate into 15-25. When you backtest with such setting, regardless of timeframe, the EA goes in the red rather fast. I have tried modifying TP and SL points, and other settings to compensate but with little luck. At best, I can make her bleed out slower.
I really like the concept of this EA, and I would like to again thank brother Kiads for sharing it with us. So, I have decided to see what I can do with the spread. The possible solution may be to run on a ECN account that has the lowest spread that I can find, but then you must worry about commission eating away the returns. However, with ECN it is possible to backtest with “current spread” and still get very positive results. Now the commission is another matter which will have to be “live demo” tested. I will start a ECN test with it Monday and post my results here at the end of the week. For now, I am posting a picture of the backtest from Jan-Mar with “current spread” from ECN demo account.
Please note, that this is my noob interpretation of the problem and it may be wrong. If so, please correct me.
Best regards,
Michael
Dear Brothers,
My tests on a ECN (.7 pip spread avg) for 4 days. I tried this with setting from above. Will now try alternate settings.
Best, Michael
Dear Brothers,
I have been running the Dancer on a ECN account for the past 10 days. There were some technical problems with the trial server that from Exness, but overall did not change the picture much. I have come to conclude that the EA could be profitable, but only if carefully monitored, started and shut down at specific times.- basically aiming at the London session. You would also need to run on a cent account or a really big one to reduce the impact of commissions. – If running on a regular account with spread 1.5-2.5 – I have not been able to make it profitable no matter what i do.
Anyone else testing? Conclusions?
Best, Michael
This is the journal. (attached img) Best, Michael
Twice today on your work. Those are really impressive results on such a “simple” approach without technical indicators. I will look around to open a demo with another broker to make the test. Can you recommend a good one?
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