tag:blogger.com,1999:blog-2847890102780597763.comments2023-10-30T05:35:52.421-07:00Reviewing Everything ForexDanielhttp://www.blogger.com/profile/00940108413648645894noreply@blogger.comBlogger733125tag:blogger.com,1999:blog-2847890102780597763.post-29119586698529802152010-09-14T04:06:19.938-07:002010-09-14T04:06:19.938-07:00Hi Maxim,
Thank you very much for your comment :o...Hi Maxim,<br /><br />Thank you very much for your comment :o) certainly, that is a great idea ! I will try to come up with one within the next few weeks. Thanks again for being such a faithful reader :o)<br /><br />Best Regards,<br /><br />DanielDanielhttps://www.blogger.com/profile/00940108413648645894noreply@blogger.comtag:blogger.com,1999:blog-2847890102780597763.post-46512310451385104442010-09-14T03:48:32.762-07:002010-09-14T03:48:32.762-07:00Daniel,
Thanks for a detailed discussion of the t...Daniel,<br /><br />Thanks for a detailed discussion of the topic. Do you think it's possible to create a template (document), which could be used as a checklist?<br /><br />MaximUnknownhttps://www.blogger.com/profile/15646016022916380485noreply@blogger.comtag:blogger.com,1999:blog-2847890102780597763.post-77576714596249887832010-09-13T03:53:55.438-07:002010-09-13T03:53:55.438-07:00Hello MJFX,
Thank you for your comment :o) You...Hello MJFX,<br /><br />Thank you for your comment :o) You're not doing the calculation correctly :<br /><br />3 months are 0.25 years. Remember that MP is the maximum draw down period length in YEARS. <br /><br />Pain index = 2*(Log( MD^2 * MP)) Pain Index = 2*(Log( 42%^2 * 0.25)) = 5.28<br /><br />The pain index for this system is 5.28. I hope this helps !<br /><br />Best Regards,<br /><br />DanielDanielhttps://www.blogger.com/profile/00940108413648645894noreply@blogger.comtag:blogger.com,1999:blog-2847890102780597763.post-65574426387136539822010-09-12T20:24:05.642-07:002010-09-12T20:24:05.642-07:00Hi Daniel,
Seems I did not manage to get it righ...Hi Daniel, <br /><br />Seems I did not manage to get it right. I got a negative answer. <br /> <br />Pain index = 2*(Log( MD^2 * MP)) Pain Index = 2*(Log( 42%^2 * 2.5%)) = -4.7<br />42% drawdown <br />3 months drawdown period / 10 years=2.5%<br /><br />Could you please advise?<br /><br />Thanks<br /><br />MJMJFXhttps://www.blogger.com/profile/14502132656751438680noreply@blogger.comtag:blogger.com,1999:blog-2847890102780597763.post-4243787878211992092010-09-12T07:57:01.168-07:002010-09-12T07:57:01.168-07:00Hi Maxim,
Thank you very much for your comment :o...Hi Maxim,<br /><br />Thank you very much for your comment :o) I definitely do agree with you on this, the fact that the company is young is definitely NOT a plus and I of course prefer much more experienced companies in this regard. <br /><br />However I decided to give them a chance, I am not running anything critical on their platform and it will probably be a while before I decide to do so. Let's see if they are able to keep up their quality over time ! Thanks again for the comment,<br /><br />Best Regards,<br /><br />DanielDanielhttps://www.blogger.com/profile/00940108413648645894noreply@blogger.comtag:blogger.com,1999:blog-2847890102780597763.post-47003981083869520272010-09-12T07:46:44.115-07:002010-09-12T07:46:44.115-07:00Daniel,
Thanks for sharing the provider with us! ...Daniel,<br /><br />Thanks for sharing the provider with us! I'd like to mention that your note about company being young makes me suspicious. The fact the there is "Beta" in the logo makes me think that they aren't ready yet. To my mind, more conservative approach is preferable when selecting VPS provider. I use VPS land, recommended by you more than a year ago and I'm happy with their service and price.<br /><br />MaximUnknownhttps://www.blogger.com/profile/15646016022916380485noreply@blogger.comtag:blogger.com,1999:blog-2847890102780597763.post-55393068069550040132010-09-12T02:16:05.003-07:002010-09-12T02:16:05.003-07:00Hello guys,
I follow the follwing steps when I ru...Hello guys,<br /><br />I follow the follwing steps when I run backtests:<br />- delete all the *.hst files in the /history folder before I start the terminal<br />- start the terminal, log in and download the M1 data from metaquotes in history center<br />- <b><i>log off</i></b> the terminal (I mistype the password and login), this way the terminal gets offline and can't update the feed and the symbol.sel (which contains the spread and other trading environment variables), in addition you don't need to recalculate data after every backtest run (point 5). This however doesn't solve the problem in point 6, so you have to run backtesting that end three months before the current time<br />- close terminal, copy the hacked symbol.sel into /history folder and then re-open terminal<br />- running backtests :)Gaborhttps://www.blogger.com/profile/12941208775019695846noreply@blogger.comtag:blogger.com,1999:blog-2847890102780597763.post-73400463027632942952010-09-11T18:47:38.061-07:002010-09-11T18:47:38.061-07:00Hello Chris and JT,
Thank you very much again for...Hello Chris and JT,<br /><br />Thank you very much again for your comments :o) I am very glad that you are such faithful readers !<br /><br />@JT : Yes, I was also surprised to find about all the problems with the 4 digit data. Actually it only became clear after I did a very thorough analysis after developing Watukushay No.2. The issues with the last 3 months of data became evident after I started doing back/live testing consistency tests last year. I am glad I can share this knowledge with you so that you can improve your backtesting skills :o).<br /><br />@Chris : I am glad that this new EA version is now working better for you ! :o) This new version has a lot of improvements with a massive reprogramming of the code (without changing the logic), a whole new user interface and adequate error handling capabilities. I took special care in making sure that backtesting was reliable and reproducible so the problems with simulations for this EA should be entirely solved :o). <br /><br />Regarding the spread modifications, I did receive a few emails from other Asirikuy members facing similar problems reason why tomorrow I will be releasing a re-make of the spread changing video tutorial to avoid the problems you are currently having. I have tested the new procedure on several computers so you should be able to solve your problems using it. The video should be released tomorrow before 12 am EST along with the other videos and the weekly text newsletter. Of course if you have some problems with changing the spreads after you follow this new procedure feel free to share your experience within the Asirikuy community forum so that me and other members can help you solve it. <br /><br />Thank you very much again guys for your comments and visits :o)<br /><br />Best Regards,<br /><br />DanielDanielhttps://www.blogger.com/profile/00940108413648645894noreply@blogger.comtag:blogger.com,1999:blog-2847890102780597763.post-43813394809017480272010-09-11T17:06:40.712-07:002010-09-11T17:06:40.712-07:00Daniel-
Thanks for the post.
I've had grea...Daniel-<br /><br />Thanks for the post. <br /><br />I've had great success testing the God's Gift EA's since you re-released the new versions earlier this week. I was able to reproduce your back tests and get excellent results and smooth-as-a-babys-bottom equity curves on the 10-year backtests for the God's Gift EA's.<br /><br />Also, you are 100% correct about Alpari having the best back-testing data. I was able to run 10-year back test with zero chart mismatch errors!<br /><br />On Saturday morning, I had a lot of issues backtesting with Alpari due to the weekend spread. I tried to adjust the spread via the symbols.sel file (over a few hours) with no success. In each case, I clicked the "Symbol Properties" button to check the spread to find my changes not taking.<br /><br />I went back and looked at the other symbols.sel files on the system and found the dates on those files set some time in the past, much further back than the last date used by the platform. <br /><br />So I tried to delete all the symbols.sel files from the MT4 folder and still found MT4 not to be writing a new symbols.sel and instead getting the spread from some other source. So I have yet to fully understand from where MT4 is getting the spread info.<br /><br />In any case, i'm sure we will figure it out. I do appreciate all the time and effort you spend helping us to figure out the complexities of MT4 and Forex. <br /><br />I've e-mailed some EA vendors just to get a 2-line, unhelpful response.<br /><br />So thanks again for all you do and i'll share any further insights I find on the source of the spread info.<br /><br />Thanks,<br /><br />ChrisC. Smithhttps://www.blogger.com/profile/09412551371638188354noreply@blogger.comtag:blogger.com,1999:blog-2847890102780597763.post-28084527384684876702010-09-11T14:44:18.417-07:002010-09-11T14:44:18.417-07:00Thanks for the post Daniel.
I needed this post. I...Thanks for the post Daniel.<br />I needed this post. I knew about most of the 6 items you mentioned by trial and error, but I did not know about how incorrect the 4 digit can be and that the last 3 months can have gaps (Though I suspected something was up when I was seeing those gaps :))<br /><br />Thanks<br /><br />JTtownjethttps://www.blogger.com/profile/15880548604941719268noreply@blogger.comtag:blogger.com,1999:blog-2847890102780597763.post-72953993317110564862010-09-10T07:10:02.249-07:002010-09-10T07:10:02.249-07:00I also forgot to mention that all the systems with...I also forgot to mention that all the systems within Asirikuy are also analyzed through ten years of historical performance and all the trading tactics are fully disclosed. <br /><br />However bear in mind that Asirikuy is an educational website and that its main goal is to help you achieve long term profitable trading using automated trading systems through education and understanding, learning how the systems work, how they work, why they work and how you can build your own systems to exploit market inefficiencies in a mechanical way. If you are interested it would be great to count with you as an Asirikuy member :o)<br /><br />Best Regards,<br /><br />DanielDanielhttps://www.blogger.com/profile/00940108413648645894noreply@blogger.comtag:blogger.com,1999:blog-2847890102780597763.post-22409325065986931862010-09-10T07:04:42.674-07:002010-09-10T07:04:42.674-07:00Hi Andrea,
Thank you for your comment :o) I was t...Hi Andrea,<br /><br />Thank you for your comment :o) I was talking mainly about manual trading systems since the time required to execute them needs to fall in line with your full time job. However you can certainly use any of the automated trading systems within Asirikuy to trade without having to spend time executing the strategies. However you still need to spend sometime evaluating them and reviewing their performance (as I say on this post). I hope this clears it up :o) <br /><br />Best Regards,<br /><br />DanielDanielhttps://www.blogger.com/profile/00940108413648645894noreply@blogger.comtag:blogger.com,1999:blog-2847890102780597763.post-13322371957367030382010-09-10T06:59:01.724-07:002010-09-10T06:59:01.724-07:00Hi Daniel,
Thankyou very much for your advice.
ha...Hi Daniel,<br />Thankyou very much for your advice. <br />have you ever write a post where you explain why a full time job can't trade your automatic ssystem? If no, can you tell me why I can't trade your system?<br />thanks <br />AndreaUnknownhttps://www.blogger.com/profile/14986157674725005938noreply@blogger.comtag:blogger.com,1999:blog-2847890102780597763.post-34042819890519389282010-09-10T05:13:31.510-07:002010-09-10T05:13:31.510-07:00Hello Andrea,
Thank you for your reply :o) Since ...Hello Andrea,<br /><br />Thank you for your reply :o) Since Asirikuy deals mainly with automated trading strategies there are no manual trading systems like this which you can use. This is also the first one of this kind I release in this blog so you won't be able to find more.<br /><br />I would recommend you read publications such as Currency Trader Magazine and Active Trader where you will be able to find information about many different strategies that are designed and evaluated over extensive periods of time. I would consider a subscription to Active trader and a regular read of currency trader vital tools for anyone who wants to gather a good portfolio of daily trading systems.<br /><br />Thank you very much again for your reply :o) I hope this helps !<br /><br />Best Regards,<br /><br />DanielDanielhttps://www.blogger.com/profile/00940108413648645894noreply@blogger.comtag:blogger.com,1999:blog-2847890102780597763.post-5211471486090334432010-09-10T04:46:12.929-07:002010-09-10T04:46:12.929-07:00Thankyou, Daniel.
then, are there any systems that...Thankyou, Daniel.<br />then, are there any systems that you have developed and tested (like the one you posted yesterday) or within Asirikui that i can use?<br />andreaUnknownhttps://www.blogger.com/profile/14986157674725005938noreply@blogger.comtag:blogger.com,1999:blog-2847890102780597763.post-56825498683710924262010-09-10T04:35:15.345-07:002010-09-10T04:35:15.345-07:00Hi Andrea,
Thank you very much for your comment :...Hi Andrea,<br /><br />Thank you very much for your comment :o) I believe that you should use systems that do not demand a significant amount of time or put a lot of stress on what you are doing. Since you cannot actually stay on the screen for at least 8-16 hours (which is what is necessary to trade a manual system based on lower time frames) I would advice you to stick with longer term systems and setups that you can trade within 1.5 hours or less every day. Perhaps you could also trade a system on the 4 hour or 1 hour time frame if the system just trades within a single hour (like a fixed breakout system). <br /><br />I believe that in your case the best thing would be to stick to time frames that do not cause you any stress and that you can trade with the time you have available. After you start gaining much more experience and you start to gain some financial freedom from trading you can start thinking about shorter term setups. However in the longer term smaller time frames do not mean more success and you can be successful in a much easier way by using the higher time frames. <br /><br />Thank you very much again for your comment :o) I hope my advice is useful !<br /><br />Best Regards,<br /><br />DanielDanielhttps://www.blogger.com/profile/00940108413648645894noreply@blogger.comtag:blogger.com,1999:blog-2847890102780597763.post-8369779908882694222010-09-10T04:28:18.691-07:002010-09-10T04:28:18.691-07:00Hi Andrea,
Thank you very much for your comment :...Hi Andrea,<br /><br />Thank you very much for your comment :o) The contract size is used due to the fact that the lot size needs to be adapted to different account types. Some accounts have lot sizes of only 10K per standard lot (1 pip in EUR/USD equals 1 instead of 10 dollars) so you need to take into account the contract size to accurately calculate the lots for all accounts.<br /><br />Regarding the equation. Well, it needs to be expressed this way since with your equation you would obtain exceedingly large values (since you are not multiplying by a 0.01 factor in the beginning, meaning that you are risking the whole account balance on every trade, if you are using absolute ATR values (like 0.0120)). However it is just a matter of expression. You can think of the equation proposed :<br /><br />0.01*AccountBalance/(ATR*ContractSize)<br /><br />as equivalent to :<br /><br />0.02*AccountBalance/(2*ATR*ContractSize)<br /><br />Meaning that there is a 2% inherent risk per trade. I hope this answers your question. Thank you very much again for your comment,<br /><br />Best Regards,<br /><br />Daniel FernandezDanielhttps://www.blogger.com/profile/00940108413648645894noreply@blogger.comtag:blogger.com,1999:blog-2847890102780597763.post-88733302821694510952010-09-09T23:19:15.914-07:002010-09-09T23:19:15.914-07:00hi daniel,
exuse me if i post a comment now, i try...hi daniel,<br />exuse me if i post a comment now, i try to read all your old posts 1/2 per day. i think they are very usefull for me. i have a full time job, i work in a office with full time internet connncection and i control tha accounts 3/4 time a day.<br />every evening i debrifing the trading day, i update the trading diary, look for setup entries, study, etc.<br />i dedicate about 1,5 hours every evening to trading.<br />i would ask you, if, in your opinion, in this situation i can trade only daily systems, or if i can try system that work with faster time frames. <br />thanks for your comments.<br />andreaUnknownhttps://www.blogger.com/profile/14986157674725005938noreply@blogger.comtag:blogger.com,1999:blog-2847890102780597763.post-25983837570909192922010-09-09T23:08:07.480-07:002010-09-09T23:08:07.480-07:00hi Daniel,
thanks for the system and yours shared ...hi Daniel,<br />thanks for the system and yours shared researchs. i coded this system in tradestation and test it on 2001-2010. my results is quite similar to your. but, i have a question about a calculation of lot size. what do you used for contract size? and why don't you used AccountBalance/(2*ATR(30)/ContSize). the initial stop loss is 2*ATR(30), so the initial risk is two time the ATR.<br />andreaUnknownhttps://www.blogger.com/profile/14986157674725005938noreply@blogger.comtag:blogger.com,1999:blog-2847890102780597763.post-29808059121459863032010-09-07T11:42:12.799-07:002010-09-07T11:42:12.799-07:00Hello Maxim,
Thank you very much for your comment...Hello Maxim,<br /><br />Thank you very much for your comment :o) Yes, harmony is another interesting word that describes the concept. A system needs to be in harmony with the market in order to be successful under changing market conditions. You could even say "riding the waves of changing volatility". Thanks again for your comment !<br /><br />Best Regards,<br /><br />DanielDanielhttps://www.blogger.com/profile/00940108413648645894noreply@blogger.comtag:blogger.com,1999:blog-2847890102780597763.post-31798510037211356312010-09-07T10:33:05.760-07:002010-09-07T10:33:05.760-07:00Daniel,
I totally agree with you! To my mind, ano...Daniel,<br /><br />I totally agree with you! To my mind, another word, describing your approach, is harmony. Your systems attempt to be in harmony with volatility and thus, according to one of your last posts, to the market.<br /><br />MaximUnknownhttps://www.blogger.com/profile/15646016022916380485noreply@blogger.comtag:blogger.com,1999:blog-2847890102780597763.post-44351209168983340012010-09-05T21:37:08.181-07:002010-09-05T21:37:08.181-07:00hi .. i'm interested to test test watukushay F...hi .. i'm interested to test test watukushay FE in my VPS. Email me at cof_ten at yahoo dot com<br /><br />Regardsnegarakumalaysiahttps://www.blogger.com/profile/12790695851842976443noreply@blogger.comtag:blogger.com,1999:blog-2847890102780597763.post-63515546451717047992010-09-02T17:06:53.166-07:002010-09-02T17:06:53.166-07:00Another potentially good option is ATC Brokers. Th...Another potentially good option is ATC Brokers. They are US based and seem to be highly regarded. They are NFA regulated but still allow hedging and have no FIFO restrictions. I believe they can do this because they are actually an introducing broker to FXCM UK.Unknownhttps://www.blogger.com/profile/18118415086948809784noreply@blogger.comtag:blogger.com,1999:blog-2847890102780597763.post-38041876952471133922010-09-02T13:51:19.399-07:002010-09-02T13:51:19.399-07:00Thanks for the informative article, Daniel -
I agr...Thanks for the informative article, Daniel -<br />I agree that the limitations will probably improve the situation for newbie traders lured into the potential trap of high leverage.<br />An added bonus might be that the most risky commercial systems will be less tempting to newbies seeking quick riches, as the simulated returns will be much lower...<br />Kind regards!<br />Jacobjacobhttps://www.blogger.com/profile/07208283786303023862noreply@blogger.comtag:blogger.com,1999:blog-2847890102780597763.post-91210737006450328182010-09-02T10:02:03.975-07:002010-09-02T10:02:03.975-07:00Hello Chris and Andrea,
Thank you very much for y...Hello Chris and Andrea,<br /><br />Thank you very much for your comments its always nice to have you guys around :o)<br /><br />@Andrea : Thank you for your comment, I am glad you agree and like the posts :o)<br /><br />@Chris : This hedging issue with portfolios is more of an implementation matter. As I wrote in a post once every hedging strategy can be implemented as a single position strategy. The MQL5 implementations of Asirikuy systems will take care of this so if for example system 1 takes a long and system 2 a short then the entry of 2 cancels part of 1's position and if system 2 has made an entry and then exits the position it adds to 1's, etc. Hedging is not a concern because of this.In the medium term when we move to MT5 (when brokers start offering live accounts for it) the systems will deal with this with no problem. <br /><br />Thanks again for your comments :o)<br /><br />Best Regards,<br /><br />DanielDanielhttps://www.blogger.com/profile/00940108413648645894noreply@blogger.com