EURUSD M5 settings

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  • #4628
    Dominik
    Administrator

    @Rom wrote:

    ok thank you dominik. I’ll write you soon on Skype. Yes this is the best solution. Thank you and see you soon. You are English, German or american to know your schedules?

    Don’t worry about it. I live in Germany (CEST=UTC+2), but I’m almost 24h on Skype (on PC or phone). Regards!

    #4629
    Dominik
    Administrator

    Hi!

    In attachment you can find new set file for EURUSD M5 which works on Price Action 2.2 with hedging turned on.

    Below example for 2013.01.01-2016.10.27 with hedging instead of SL (with modelling quality=99,9%):

    #4630
    66rus
    Spectator

    In backtest “order modifiy 130” happened. What does its mean?

    #4631
    Lelik18
    Spectator

    @medicine wrote:

    In backtest “order modifiy 130” happened. What does its mean?

    Means that the stop-loss or take-profit levels are set to close to the current market price. In the MQL documentation this error is called ERR_INVALID_STOPS («Invalid stops»). Some Forex broker set the minimum distance between the current price and the stop-loss/take-profit levels to prevent scalping or abusing the quote delays.

    #4632
    Dominik
    Administrator

    @fusion73 wrote:

    @medicine wrote:

    In backtest “order modifiy 130” happened. What does its mean?

    Means that the stop-loss or take-profit levels are set to close to the current market price. In the MQL documentation this error is called ERR_INVALID_STOPS («Invalid stops»). Some Forex broker set the minimum distance between the current price and the stop-loss/take-profit levels to prevent scalping or abusing the quote delays.

    fusion73, thanks :)

    #4633
    mikegrand007
    Spectator

    Hi Dominik,
    Thank you for the EA and set. I used PAEA22_EURUSD_M5.set and PRICE_ACTION_EA_2.2.ex4 from the first of Nov 2016 to 8th Dec 2016 and made a profit factor of 1.54. Does that sound about right for the new data?

    How do you determine when to optimise and how far back to get a good .set for the future?

    Have you thought about adding a 50 SMA/EMA and only opening buy trades that are above the MA or sell trades that are below the MA so in the trend of the market?

    Will you release the .mq4 or how will this work in the future?

    Cheers
    Tim

    [attachment=0:13in9oav]TesterGraph.gif[/attachment:13in9oav]

    #4634
    Dominik
    Administrator

    @nuganics wrote:

    Hi Dominik,
    Thank you for the EA and set. I used PAEA22_EURUSD_M5.set and PRICE_ACTION_EA_2.2.ex4 from the first of Nov 2016 to 8th Dec 2016 and made a profit factor of 1.54. Does that sound about right for the new data?

    How do you determine when to optimise and how far back to get a good .set for the future?

    Have you thought about adding a 50 SMA/EMA and only opening buy trades that are above the MA or sell trades that are below the MA so in the trend of the market?

    Will you release the .mq4 or how will this work in the future?

    Cheers
    Tim

    Hi Tim!

    In a few days I’ll release the new version with some new options and it will be free to use. As always, new version should be optimized and I think that it can be done on data from 2012-now for M5 timeframe.

    I tested many different filtering based on Moving Averages and there was even second EA some time ago called Price Action Moving Averages which I combined with Price Action Engulfing Candles. It worked very good on higher timeframes as H1 and H4 and in next version of current Price Action EA I’ll restore functionality of “Price Action Moving Averages”.

    If you have any questions or ideas about this EA I suggest to discuss it in that topic: https://theinvestbay.com/viewtopic.php?f=3&t=2

    Regards!

    #4635
    djkatoon
    Spectator

    Hi Dominik, everyone.

    Just done some backtests on EURUSD 5min, I used tickstory 2010 – end of 2016. Results look similar to yours with 99.90% modelling quality.
    Reference: zip file attachment with back test results for 2010-2016

    So my biggest thing with EA’s is people do so much curve fitting to make them look good, my question has this been done here? with all the different preset settings for each individual currency pair? because I then back tested this same pair (EURUSD) from 2007-2010, 3 years before the ideal preset for EURUSD on this forum. The results were terrible,
    Reference: zip file attachment with back test results for 2007-2010

    If the results for the 3 years before all the backtests have been done are this bad, in theory all forward tests are not going to look as good either. It’s a complex EA and the more complex an EA is the more people curve fit their results unintentionally most times.

    Regards all.

    #4636
    Dominik
    Administrator

    @Deacon21 wrote:

    Hi Dominik, everyone.

    Just done some backtests on EURUSD 5min, I used tickstory 2010 – end of 2016. Results look similar to yours with 99.90% modelling quality.
    Reference: zip file attachment with back test results for 2010-2016

    So my biggest thing with EA’s is people do so much curve fitting to make them look good, my question has this been done here? with all the different preset settings for each individual currency pair? because I then back tested this same pair (EURUSD) from 2007-2010, 3 years before the ideal preset for EURUSD on this forum. The results were terrible,
    Reference: zip file attachment with back test results for 2007-2010

    If the results for the 3 years before all the backtests have been done are this bad, in theory all forward tests are not going to look as good either. It’s a complex EA and the more complex an EA is the more people curve fit their results unintentionally most times.

    Regards all.

    Hi!

    EA for M5 was really overfitted with all those filters and I think it should be optimized without them on higher timeframes. I have many ideas how to improve this Price Action EA and get back to original idea – pure price action. When I’ll find some time I’ll do it for sure.

    Regards!

    #4637
    Dominik
    Administrator

    @TuuTaa wrote:

    Hi Dominik
    It show error Tester:#40 delete due to expiration.

    Hi Tuutaa! Are you sure that it’s an error? Probably it’s only information that PENDING orders are deleted (closed) because of expiration. It’s OK, don’t worry :)

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