Newbie testing DLMv1[1].3

 

Hi! I'm new in this business so if I'm make some mistake please correct me OK.:sweatdrop

I'm testing DLMv1[1].3 using:

- default all inputs (I'm not changing anything)

- GBPUSD M1 (this is the best option when I'm backtesting)

- starting 9.27.2006 06.19 GMT

and this is the result

Interbank FX, LLC


Account: 1237650 Name: dale Currency: USD 2006 September 28, 15:38
Closed Transactions:
Ticket Open Time Type Lots Item Price S / L T / P Close Time Price Commission Taxes Swap Profit
12652647 2006.09.28 12:36 buy 1.60 gbpusd 1.8762 0.0000 1.8802 2006.09.28 14:24 1.8744 0.00 0.00 0.00 -288.00
12652638 2006.09.28 12:10 buy 0.80 gbpusd 1.8777 0.0000 1.8817 2006.09.28 14:24 1.8742 0.00 0.00 0.00 -280.00
12652618 2006.09.28 08:30 buy 0.40 gbpusd 1.8792 0.0000 1.8832 2006.09.28 14:24 1.8744 0.00 0.00 0.00 -192.00
12652594 2006.09.28 08:00 buy 0.20 gbpusd 1.8807 0.0000 1.8847 2006.09.28 14:24 1.8743 0.00 0.00 0.00 -128.00
12652842 2006.09.28 07:12 buy limit 51.20 gbpusd 1.8687 0.0000 1.8727 2006.09.28 14:23 1.8746 cancelled
12652797 2006.09.28 07:12 buy limit 25.60 gbpusd 1.8702 0.0000 1.8742 2006.09.28 14:24 1.8747 cancelled
12652729 2006.09.28 07:12 buy limit 12.80 gbpusd 1.8717 0.0000 1.8757 2006.09.28 14:24 1.8746 cancelled
12652701 2006.09.28 07:12 buy limit 6.40 gbpusd 1.8732 0.0000 1.8772 2006.09.28 14:24 1.8748 cancelled
12652669 2006.09.28 07:12 buy limit 3.20 gbpusd 1.8747 0.0000 1.8787 2006.09.28 14:23 1.8747 deleted [no money]
12652570 2006.09.28 07:12 buy 0.10 gbpusd 1.8822 0.0000 1.8862 2006.09.28 14:24 1.8743 0.00 0.00 0.00 -79.00
12636189 2006.09.28 06:44 buy 1.60 gbpusd 1.8837 0.0000 1.8877 2006.09.28 07:11 1.8818 0.00 0.00 0.00 -304.00
12636181 2006.09.28 06:17 buy 0.80 gbpusd 1.8852 0.0000 1.8892 2006.09.28 07:11 1.8817 0.00 0.00 0.00 -280.00
12636169 2006.09.28 05:23 buy 0.40 gbpusd 1.8867 0.0000 1.8907 2006.09.28 07:11 1.8817 0.00 0.00 0.00 -200.00
12636165 2006.09.28 02:48 buy 0.20 gbpusd 1.8882 0.0000 1.8922 2006.09.28 07:12 1.8818 0.00 0.00 0.00 -128.00
12636224 2006.09.28 02:22 buy limit 51.20 gbpusd 1.8762 0.0000 1.8802 2006.09.28 07:11 1.8822 cancelled
12636222 2006.09.28 02:22 buy limit 25.60 gbpusd 1.8777 0.0000 1.8817 2006.09.28 07:11 1.8821 cancelled
12636220 2006.09.28 02:22 buy limit 12.80 gbpusd 1.8792 0.0000 1.8832 2006.09.28 07:11 1.8822 cancelled
12636206 2006.09.28 02:22 buy limit 6.40 gbpusd 1.8807 0.0000 1.8847 2006.09.28 07:11 1.8822 cancelled
12636200 2006.09.28 02:22 buy limit 3.20 gbpusd 1.8822 0.0000 1.8862 2006.09.28 07:11 1.8822 deleted [no money]
12636147 2006.09.28 02:21 buy 0.10 gbpusd 1.8897 0.0000 1.8937 2006.09.28 07:12 1.8817 0.00 0.00 0.00 -80.00
12576004 2006.09.27 14:05 buy 0.80 gbpusd 1.8858 1.8896 1.8976 2006.09.28 02:20 1.8896 0.00 0.00 -8.40 304.00
12575983 2006.09.27 14:02 buy 0.40 gbpusd 1.8873 1.8896 1.8976 2006.09.28 02:20 1.8896 0.00 0.00 -4.20 92.00
12575957 2006.09.27 12:45 buy 0.20 gbpusd 1.8888 0.0000 1.8928 2006.09.28 02:21 1.8893 0.00 0.00 -2.10 10.00
12576022 2006.09.27 12:19 buy limit 51.20 gbpusd 1.8768 0.0000 1.8808 2006.09.28 02:20 1.8900 cancelled
12576019 2006.09.27 12:19 buy limit 25.60 gbpusd 1.8783 0.0000 1.8823 2006.09.28 02:20 1.8899 cancelled
12576015 2006.09.27 12:19 buy limit 12.80 gbpusd 1.8798 0.0000 1.8838 2006.09.28 02:20 1.8899 cancelled
12576013 2006.09.27 12:19 buy limit 6.40 gbpusd 1.8813 0.0000 1.8853 2006.09.28 02:20 1.8899 cancelled
12576010 2006.09.27 12:19 buy limit 3.20 gbpusd 1.8828 0.0000 1.8868 2006.09.28 02:20 1.8898 cancelled
12576007 2006.09.27 12:19 buy limit 1.60 gbpusd 1.8843 0.0000 1.8883 2006.09.28 02:21 1.8897 cancelled
12575945 2006.09.27 12:19 buy 0.10 gbpusd 1.8903 0.0000 1.8943 2006.09.28 02:21 1.8894 0.00 0.00 -1.05 -9.00
12552842 2006.09.27 08:33 buy 1.60 gbpusd 1.8875 1.8901 1.8981 2006.09.27 12:19 1.8901 0.00 0.00 0.00 416.00
12552827 2006.09.27 08:16 buy 0.80 gbpusd 1.8890 0.0000 1.8930 2006.09.27 12:19 1.8898 0.00 0.00 0.00 64.00
12552791 2006.09.27 08:02 buy 0.40 gbpusd 1.8905 0.0000 1.8945 2006.09.27 12:19 1.8897 0.00 0.00 0.00 -32.00
12552702 2006.09.27 07:47 buy 0.20 gbpusd 1.8920 0.0000 1.8960 2006.09.27 12:19 1.8897 0.00 0.00 0.00 -46.00
12553012 2006.09.27 06:23 buy limit 51.20 gbpusd 1.8800 0.0000 1.8840 2006.09.27 12:19 1.8903 cancelled
12552961 2006.09.27 06:22 buy limit 25.60 gbpusd 1.8815 0.0000 1.8855 2006.09.27 12:19 1.8902 cancelled
12552934 2006.09.27 06:22 buy limit 12.80 gbpusd 1.8830 0.0000 1.8870 2006.09.27 12:19 1.8903 cancelled
12552889 2006.09.27 06:22 buy limit 6.40 gbpusd 1.8845 0.0000 1.8885 2006.09.27 12:19 1.8902 cancelled
12552866 2006.09.27 06:22 buy limit 3.20 gbpusd 1.8860 0.0000 1.8900 2006.09.27 12:19 1.8902 cancelled
12552680 2006.09.27 06:21 buy 0.10 gbpusd 1.8935 0.0000 1.8975 2006.09.27 12:19 1.8898 0.00 0.00 0.00 -37.00
12368793 2006.09.25 03:17 balance Deposit 5 000.00
0.00 0.00 -15.75 -1 197.00
Closed P/L: -1 212.75
Open Trades:
Ticket Open Time Type Lots Item Price S / L T / P Price Commission Taxes Swap Profit
12683254 2006.09.28 14:24 buy 0.10 gbpusd 1.8748 0.0000 1.8788 1.8739 0.00 0.00 0.00 -9.00
12683265 2006.09.28 14:45 buy 0.20 gbpusd 1.8733 0.0000 1.8773 1.8739 0.00 0.00 0.00 12.00
0.00 0.00 0.00 3.00
Floating P/L: 3.00
Working Orders:
Ticket Open Time Type Lots Item Price S / L T / P Market Price
12683275 2006.09.28 14:24 buy limit 0.40 gbpusd 1.8718 0.0000 1.8758 1.8743 DLM222777
12683276 2006.09.28 14:24 buy limit 0.80 gbpusd 1.8703 0.0000 1.8743 1.8743 DLM222777
12683293 2006.09.28 14:24 buy limit 1.60 gbpusd 1.8688 0.0000 1.8728 1.8743 DLM222777
12683298 2006.09.28 14:24 buy limit 3.20 gbpusd 1.8673 0.0000 1.8713 1.8743 DLM222777
12683309 2006.09.28 14:24 buy limit 6.40 gbpusd 1.8658 0.0000 1.8698 1.8743 DLM222777
12683336 2006.09.28 14:25 buy limit 12.80 gbpusd 1.8643 0.0000 1.8683 1.8743 DLM222777
12683368 2006.09.28 14:25 buy limit 25.60 gbpusd 1.8628 0.0000 1.8668 1.8743 DLM222777
12683373 2006.09.28 14:25 buy limit 51.20 gbpusd 1.8613 0.0000 1.8653 1.8743 DLM222777

Summary:
Deposit/Withdrawal: 5 000.00 Credit Facility: 0.00
Closed Trade P/L: -1 212.75 Floating P/L: 3.00 Margin: 300.00
Balance: 3 787.25 Equity: 3 790.25 Free Margin: 3 490.25

This is very poor result.

And this is my question :

1. why this EA always make wrong entry and it's always make buying entry ?

(what indicators that it's use, maybe I'm not installed the right ones)

2. on the first transactions ( first 5 transaction ) it's should make more profit (total about $920) if it exit 15 to 60 minutes earlier when the price is around 1.8918 (closed at 1.8901). Why it's late? what is the exit indicators?

3. why this program cannot open file DLMv1.2-NonTradingDays.csv. I'd already place it at folder expert\files.

Ok! I think I'm done for today. Please somebody reply it to me. Thank you.

 

Only long positions shouldnt be happening. Are you sure you checked the "Long & Short Positions" when you attached the expert?

I am using the DLM v1.1 right now in testing and I am getting a 64% increase with the expert in my settings on the H1 chart and 85% increase with the expert on M15 chart.

This is from January to September and should for any increments of 5. For example if you have $50,000 the return is $82,000 making an increase of $32,000 Now if you start bigger for example with a $500,000 account it will increase to $820,000 so a $320,000 profit over the course of 9 months.

This is all hypothetical but the model quality was 90%. I will be testing it on a demo account now instead of backtesting to check out what happens with the brokers during news hours etc. This is trading 24/5, basically from the market open to the market close and I turn off the expert before the end of the market period.

Now Alpin,

Your first question asked why the wrong entry. I believe that the DLM was always based on the MACD or the general trend of the curve. This indicator should already be there once you download MT4. If you want, Ive tweaked around with the program myself back in the day to change the indicators that it uses. You can indeed choose from whichever indicators you wish if you think you know a better way of opening a trade (For example, CCI and Stochastic may work better for you).

Your 2ns question asks what the exit indicator is, there is no exit indicator in this expert. It uses Take Profit and Target Pips which are both independent variables in your settings. Play around with those, I always found that 40 pips as a take profit was always too big for me so I use 20-30 pips. Also don't forget to add a stop loss so it stops trading (unless you start with a huge account and use very small lots.)

To answer your question number 3 a csv file is an excel file. MetaTrader4 does not know how to recognize such a file because it won't really get you anywhere. if you want to know what is in the csv file, open it with Microsoft Excel or download Open Office (https://www.mql5.com/go?link=http://www.openoffice.org) and open it with the program called Calc.

Best of luck with the program, I believe it has great potential since its money managment is what some of the best gamblers in the world use inside of casinos.

 

Thanks Gazuz, I already changed the setting (take profit 20 pips and stop loss 40 pips), just wait for my incoming report. Oh! one more thing if MT4 cannot open csv file why this EA require file 1.2-NonTradingDays.csv? I'd already check it, it's contained nothing ( 0 kb ).

 

csv is an excel file, you input the dates and times i believe of the nontrading days and the expert will read it to not trade during those times.

its good to have an external source like that so you can update whenever you want

Reason: