Hello everyone interested in reading this,
I have a history of programming though it is not my main job. I work a 9-5 so it is very difficult for me currently to enjoy trading at the London time when I am sleeping and the New York when I am working. So I decided I would create an EA to do trading for me while I slept. That is what this journal is going to showcase and hopefully it will work out. I am considering commercial if this does work. It has been tested so far on the strategy tester with great results. I do a weekly test because I don’t believe in holding anything over the weekend.
Here is how the EA works in a general sense.
1 – The target profit is always 70 pips and the stop loss is always 35 pips. This also works well on a 35 pips target and a 20 pip stop, but the 70 TP/35 SL works better. There could be better variations but so far this is what I am using.
2 – It trades off the 15 minute timeframe using an indicator I created, and also uses the MACD to help on the 4 hour timeframe. I currently trade the AUS/USD. It also gets decent results with NZD/USD since they are somewhat similar in volatility. Tests on the EUR/USD are not good but then again it was not created using that currency. It would take a little tweaking to get it to work for it, most likely in the TP/SL area.
3 – Each week it enters anywhere from 2-6 trades. So this is not an EA that will always be in an open trade. It is however pretty consistent with resulting in a net positive almost each week. Below are the last few weeks to give an idea.
8-2-15 thru 8-8-15: 2 Trades (1 win, 1 lose): 35 pip net win (no trade going as week ended)
8-9-15 thru 8-15: 4 Trades (2 win, 2 lose) :35 pip net win (there was a trade that would have closed at 35 pips before the weekend).
8-16-15 thru 8-22-15 : 2 Trades (2 wins): 103 pip win (a trade closed at end of week for 33 pips included).
8-23-15 thru 8-29-15: 5 Trades (5 wins): 291 pip win (a trade closed at end of week for 11 pips)
8-30-15 thru 9-05-15: 4 Trades (1 win): -8 pips (a trade closed at end of week for -8 pips)
9-06-15 thru 9-12-15: 4 Trades (3 wins): 130 pips (a trade closed at end of week for 25 pips)
9-13-15 thru 9-19-15: Currently 5 Trades (3 Wins): 168 pips (a trade closed at end for -7 pips)
Ending result: 754 pips for 7 weeks.
If I did not end each week and started it on 8-2-15 and ran it till today it would result in: 821 pips (16 wins, 9 loses with last loss of -19 pips currently).
A few notes: The AUS/USD was bearish for some point of this and then turned to a more bullish view, most likely the -8 pip week could be looked at a possible turning point. So even when trend changes your worst results tend not to be drastic.
Finally I am setting up a trade explorer to show results and active trades starting this Sunday (EST time). I will have more information coming in later posts about the EA, Indicator I use, and results.
Finally if anyone wants to have an EA created I may consider doing some side work (not free) if interested. PM me if you would like to talk.
I have a history of programming though it is not my main job. I work a 9-5 so it is very difficult for me currently to enjoy trading at the London time when I am sleeping and the New York when I am working. So I decided I would create an EA to do trading for me while I slept. That is what this journal is going to showcase and hopefully it will work out. I am considering commercial if this does work. It has been tested so far on the strategy tester with great results. I do a weekly test because I don’t believe in holding anything over the weekend.
Here is how the EA works in a general sense.
1 – The target profit is always 70 pips and the stop loss is always 35 pips. This also works well on a 35 pips target and a 20 pip stop, but the 70 TP/35 SL works better. There could be better variations but so far this is what I am using.
2 – It trades off the 15 minute timeframe using an indicator I created, and also uses the MACD to help on the 4 hour timeframe. I currently trade the AUS/USD. It also gets decent results with NZD/USD since they are somewhat similar in volatility. Tests on the EUR/USD are not good but then again it was not created using that currency. It would take a little tweaking to get it to work for it, most likely in the TP/SL area.
3 – Each week it enters anywhere from 2-6 trades. So this is not an EA that will always be in an open trade. It is however pretty consistent with resulting in a net positive almost each week. Below are the last few weeks to give an idea.
8-2-15 thru 8-8-15: 2 Trades (1 win, 1 lose): 35 pip net win (no trade going as week ended)
8-9-15 thru 8-15: 4 Trades (2 win, 2 lose) :35 pip net win (there was a trade that would have closed at 35 pips before the weekend).
8-16-15 thru 8-22-15 : 2 Trades (2 wins): 103 pip win (a trade closed at end of week for 33 pips included).
8-23-15 thru 8-29-15: 5 Trades (5 wins): 291 pip win (a trade closed at end of week for 11 pips)
8-30-15 thru 9-05-15: 4 Trades (1 win): -8 pips (a trade closed at end of week for -8 pips)
9-06-15 thru 9-12-15: 4 Trades (3 wins): 130 pips (a trade closed at end of week for 25 pips)
9-13-15 thru 9-19-15: Currently 5 Trades (3 Wins): 168 pips (a trade closed at end for -7 pips)
Ending result: 754 pips for 7 weeks.
If I did not end each week and started it on 8-2-15 and ran it till today it would result in: 821 pips (16 wins, 9 loses with last loss of -19 pips currently).
A few notes: The AUS/USD was bearish for some point of this and then turned to a more bullish view, most likely the -8 pip week could be looked at a possible turning point. So even when trend changes your worst results tend not to be drastic.
Finally I am setting up a trade explorer to show results and active trades starting this Sunday (EST time). I will have more information coming in later posts about the EA, Indicator I use, and results.
Finally if anyone wants to have an EA created I may consider doing some side work (not free) if interested. PM me if you would like to talk.