Results from my most successful Robot
Results from my most successful Robot
10 Jun 2013, 14:42
Any feedback is welcome!
Graph:
Report:
Replies
lec0456
10 Jun 2013, 17:55
This strategy trades one standard lot at a time. No hedging. It looks at some criteria and places a trade it thinks has a high probability. However, if the price goes against the trade it looks at certain custom indicators and market measurements to place a corrective trade that compensates for the loss and adds some profit instead.
@lec0456
lec0456
10 Jun 2013, 18:07
Right now it only works well on the EUR/USD pair. However, I beleive it just needs to be calibrated to work with other pairs. But "calibration" is not that easy. You have to spend hours. days, even weeks, testing out different indicator parameters and measurements inorder to optimize the strategy and get it insync with the pair. Every pair moves differently with different cycles and differnet size reactions to market conditions. I think:) I'm working on the GBP/USD next.
@lec0456
lec0456
10 Jun 2013, 19:45
Its as good as cTrader can get it because backtesting is limited to only one year. They are supposed to increase it to 5 years which would be ideal. I am testing it using a micro lot for now every time it doubles I will increase by one microlot. This strategy requires a minimum of 10x equity and would be safer with 20x so if you trade one standard lot you should have at least $2000 to start your account. Thats using 500:1 leverage.
@lec0456
geektrader
11 Jun 2013, 04:08
I hope it works for your in the future too, but as you say, you can just backtest 1 year and that´s nowhere near to represent all market conditions the system will have to handle in the future. My tests, and many articles confirm that, show that a system that survives on 8+ years in a backtest, does have some edge to also handle future markets well. But one year simply means nothing. And that´s the great problem of cTrader. I would prefer if they would allow to backtest on as many years as we want - my personal system for example are optimized on 13+ years of 1 minute data - not a thing I could do with cTrader (yet) and hence cTrader is a no go for me as long as backtesting is not "serious".
@geektrader
TradingDeveloper
23 Jun 2013, 00:28
@TradingDeveloper
lec0456
27 Jun 2013, 19:06
.2 pip spread$
$30/million commission
The stop loss varies but starts at 100pips. if price moves slowly against the position it can hit the stoploss but the robot uses an indicator that detects breaks against a position and then makes a corective trade. Thats why you see interuptions in the graph pattern.
@lec0456
lec0456
27 Jun 2013, 19:08
RE:
.2 pip spread$
$30/million commission
The stop loss varies but starts at 100pips. if price moves slowly against the position it can hit the stoploss but the robot uses an indicator that detects breaks against a position and then makes a corective trade. Thats why you see interuptions in the graph pattern.
most of the time, price breaks in a direction rather than slowly sliding 100 pips
@lec0456
TradingDeveloper
28 Jun 2013, 11:38
RE:
.2 pip spread$
$30/million commission
The stop loss varies but starts at 100pips. if price moves slowly against the position it can hit the stoploss but the robot uses an indicator that detects breaks against a position and then makes a corective trade. Thats why you see interuptions in the graph pattern.
Hi,
Thanks for the info, what is your take profit exactly?
Based on my experience I see some potential problems in your backtesting:
1. $30/million commision is not a real value, the broker I know charge $65-$80 / Million, do you know any charging $30?
2. Depending on your take profit the spread may have an impact in your backtesting results, if you have a low take profit the results may be much different in a real scenario.
4. If your take profit is low I would say 100 pips stop loss is too high and involves some risk, and if you say your stop loss increases its even more risky.
I see your last trade in the Screen shot was about 10 pipsa profit, so I assume your take profit is low.
I would suggest you to adjust the commisions and place a random spread between 0 and 3 and check the results again.
@TradingDeveloper
lec0456
28 Jun 2013, 20:47
RE: RE:
lec0456 said:.2 pip spread$
$30/million commission
The stop loss varies but starts at 100pips. if price moves slowly against the position it can hit the stoploss but the robot uses an indicator that detects breaks against a position and then makes a corective trade. Thats why you see interuptions in the graph pattern.
Hi,
Thanks for the info, what is your take profit exactly?
Based on my experience I see some potential problems in your backtesting:
1. $30/million commision is not a real value, the broker I know charge $65-$80 / Million, do you know any charging $30?
2. Depending on your take profit the spread may have an impact in your backtesting results, if you have a low take profit the results may be much different in a real scenario.
4. If your take profit is low I would say 100 pips stop loss is too high and involves some risk, and if you say your stop loss increases its even more risky.
I see your last trade in the Screen shot was about 10 pipsa profit, so I assume your take profit is low.
I would suggest you to adjust the commisions and place a random spread between 0 and 3 and check the results again.
I use 7.5 pip take profit for the initial trade. But corrective trades will be executed in 2 varieties. I call them MAX and normal trasdes. A MAX corrective trade uses 75pips and a normal corrective trade uses the loss of the origonal trade plus 7.5 pips(the stoploss would be the same as the TP for corrective trades). There is criteria I use to decide if I go MAX or normal on the correction. I don't use stop loss greater than 100
As far as the Brokers, yes there are brokers in the $30/million range. Recently some have dropped commisions, here is a list I complied a few onths ago, but be warned it may not up to date:
| Broker | Location | Commission | Time | Cost |
| Liquid Markets | Cyprus | $ 45.00 | Cyprus | $ 11.72 |
| Trader'sWay | Dominica | $ 35.00 | Cyprus | $ 9.27 |
| ICMarkets | Sydney | $ 30.00 | GMT | $ 7.90 |
| FXPro | Cyprus | $ 65.00 | Cyprus | $ 17.14 |
| Divisa | NewZeland | $ 30.00 | GMT | $ 7.90 |
| RoboForex | NewZeland | $ 20.00 | Cyprus | $ 5.20 |
| FiboGroup | Cyprus | $ 30.00 | Cyprus | $ 7.90 |
@lec0456
MrTrader
29 Jun 2013, 16:50
RE: RE: RE:
TradingDeveloper said:lec0456 said:.2 pip spread$
$30/million commission
The stop loss varies but starts at 100pips. if price moves slowly against the position it can hit the stoploss but the robot uses an indicator that detects breaks against a position and then makes a corective trade. Thats why you see interuptions in the graph pattern.
Hi,
Thanks for the info, what is your take profit exactly?
Based on my experience I see some potential problems in your backtesting:
1. $30/million commision is not a real value, the broker I know charge $65-$80 / Million, do you know any charging $30?
2. Depending on your take profit the spread may have an impact in your backtesting results, if you have a low take profit the results may be much different in a real scenario.
4. If your take profit is low I would say 100 pips stop loss is too high and involves some risk, and if you say your stop loss increases its even more risky.
I see your last trade in the Screen shot was about 10 pipsa profit, so I assume your take profit is low.
I would suggest you to adjust the commisions and place a random spread between 0 and 3 and check the results again.
I use 7.5 pip take profit for the initial trade. But corrective trades will be executed in 2 varieties. I call them MAX and normal trasdes. A MAX corrective trade uses 75pips and a normal corrective trade uses the loss of the origonal trade plus 7.5 pips(the stoploss would be the same as the TP for corrective trades). There is criteria I use to decide if I go MAX or normal on the correction. I don't use stop loss greater than 100
As far as the Brokers, yes there are brokers in the $30/million range. Recently some have dropped commisions, here is a list I complied a few onths ago, but be warned it may not up to date:
Broker Location Commission Time Cost Liquid Markets Cyprus $ 45.00 Cyprus $ 11.72 Trader'sWay Dominica $ 35.00 Cyprus $ 9.27 ICMarkets Sydney $ 30.00 GMT $ 7.90 FXPro Cyprus $ 65.00 Cyprus $ 17.14 Divisa NewZeland $ 30.00 GMT $ 7.90 RoboForex NewZeland $ 20.00 Cyprus $ 5.20 FiboGroup Cyprus $ 30.00 Cyprus $ 7.90
Hi lec0456,
What is this robot called? and will you make it available for download?
Thanks,
@MrTrader
lec0456
29 Jun 2013, 20:32
RE: RE: RE: RE:
lec0456 said:TradingDeveloper said:lec0456 said:.2 pip spread$
$30/million commission
The stop loss varies but starts at 100pips. if price moves slowly against the position it can hit the stoploss but the robot uses an indicator that detects breaks against a position and then makes a corective trade. Thats why you see interuptions in the graph pattern.
Hi,
Thanks for the info, what is your take profit exactly?
Based on my experience I see some potential problems in your backtesting:
1. $30/million commision is not a real value, the broker I know charge $65-$80 / Million, do you know any charging $30?
2. Depending on your take profit the spread may have an impact in your backtesting results, if you have a low take profit the results may be much different in a real scenario.
4. If your take profit is low I would say 100 pips stop loss is too high and involves some risk, and if you say your stop loss increases its even more risky.
I see your last trade in the Screen shot was about 10 pipsa profit, so I assume your take profit is low.
I would suggest you to adjust the commisions and place a random spread between 0 and 3 and check the results again.
I use 7.5 pip take profit for the initial trade. But corrective trades will be executed in 2 varieties. I call them MAX and normal trasdes. A MAX corrective trade uses 75pips and a normal corrective trade uses the loss of the origonal trade plus 7.5 pips(the stoploss would be the same as the TP for corrective trades). There is criteria I use to decide if I go MAX or normal on the correction. I don't use stop loss greater than 100
As far as the Brokers, yes there are brokers in the $30/million range. Recently some have dropped commisions, here is a list I complied a few onths ago, but be warned it may not up to date:
Broker Location Commission Time Cost Liquid Markets Cyprus $ 45.00 Cyprus $ 11.72 Trader'sWay Dominica $ 35.00 Cyprus $ 9.27 ICMarkets Sydney $ 30.00 GMT $ 7.90 FXPro Cyprus $ 65.00 Cyprus $ 17.14 Divisa NewZeland $ 30.00 GMT $ 7.90 RoboForex NewZeland $ 20.00 Cyprus $ 5.20 FiboGroup Cyprus $ 30.00 Cyprus $ 7.90
Hi lec0456,
What is this robot called? and will you make it available for download?
Thanks,
The name of the robot really doesn't matter. But I have spent over a year developing the robot and custom indicators it uses, so I wouldn't be inclined to give it away. However, if another devveloper had a robot that intrigued me, I would consider trading.
@lec0456
TradingDeveloper
29 Jun 2013, 23:34
RE: RE: RE: RE: RE:
MrTrader said:lec0456 said:TradingDeveloper said:lec0456 said:.2 pip spread$
$30/million commission
The stop loss varies but starts at 100pips. if price moves slowly against the position it can hit the stoploss but the robot uses an indicator that detects breaks against a position and then makes a corective trade. Thats why you see interuptions in the graph pattern.
Hi,
Thanks for the info, what is your take profit exactly?
Based on my experience I see some potential problems in your backtesting:
1. $30/million commision is not a real value, the broker I know charge $65-$80 / Million, do you know any charging $30?
2. Depending on your take profit the spread may have an impact in your backtesting results, if you have a low take profit the results may be much different in a real scenario.
4. If your take profit is low I would say 100 pips stop loss is too high and involves some risk, and if you say your stop loss increases its even more risky.
I see your last trade in the Screen shot was about 10 pipsa profit, so I assume your take profit is low.
I would suggest you to adjust the commisions and place a random spread between 0 and 3 and check the results again.
I use 7.5 pip take profit for the initial trade. But corrective trades will be executed in 2 varieties. I call them MAX and normal trasdes. A MAX corrective trade uses 75pips and a normal corrective trade uses the loss of the origonal trade plus 7.5 pips(the stoploss would be the same as the TP for corrective trades). There is criteria I use to decide if I go MAX or normal on the correction. I don't use stop loss greater than 100
As far as the Brokers, yes there are brokers in the $30/million range. Recently some have dropped commisions, here is a list I complied a few onths ago, but be warned it may not up to date:
Broker Location Commission Time Cost Liquid Markets Cyprus $ 45.00 Cyprus $ 11.72 Trader'sWay Dominica $ 35.00 Cyprus $ 9.27 ICMarkets Sydney $ 30.00 GMT $ 7.90 FXPro Cyprus $ 65.00 Cyprus $ 17.14 Divisa NewZeland $ 30.00 GMT $ 7.90 RoboForex NewZeland $ 20.00 Cyprus $ 5.20 FiboGroup Cyprus $ 30.00 Cyprus $ 7.90
Hi lec0456,
What is this robot called? and will you make it available for download?
Thanks,
The name of the robot really doesn't matter. But I have spent over a year developing the robot and custom indicators it uses, so I wouldn't be inclined to give it away. However, if another devveloper had a robot that intrigued me, I would consider trading.
lec0456, contact me at tradingdeveloper2013[at]gmail.com I have something you might be interested in
@TradingDeveloper
Nego
19 Jul 2013, 13:05
Hi there,
concratulations to this Robot. Having good backtesting results is a first and very important step. Although you should test with 60$ commission per Million. In the list we can see at IC Markets for e.g. that they charge 30$ per Million (3$ per Lot). However you get charged this when opening and again when closing. (Note that some brokers show commission per side and some per round turn)
I assume you have been forward testing this Robot for a while now. I'd be happy to see and discuss the results.
Also, I do have some Robots that I am happy to trade. Contact me at nego[at]nego-forex.com
Cheers
Nego
@Nego
supafly
19 Oct 2013, 22:41
( Updated at: 21 Dec 2023, 09:20 )
lec0456,
you seem to have the most decent system that I have seen on these forums. i have noticed u have an
impressive sharpe ratio of >3.0, i would also like to share one of my systems, it has 0 commisions since it used to generate signals, spreads are normal.
the same system with lot size increasing while profits accumulate, the other systems dont respond well to leverage
@supafly
noniz
15 Mar 2014, 08:03
( Updated at: 21 Dec 2023, 09:20 )
RE:
lec0456 said:
Any feedback is welcome!
Graph:
Report:
great, results seem great in first look. I request please share this robot if possible (may be not possible for you because its your system). anyhow i liked this robot. there is no successful robot available on this cAlgo plateform. All robots are useless and dump. i am price action and manual trader but i like to testify robots. if you like to calibrate your any robot you can send it to me on chodhary.imran@gmail.com. Please mention your email or contact information if you want to calibrate your robots. I will test it for you any time happily.
@noniz
hichem
10 Jun 2013, 15:24
Very interesting.
Do you mind giving us a hint on your strategy ?
What is the Volume of your trades ?
@hichem