Profitable experts.

[Ravique]

For the last few months have been live testing a lot of public experts , for metatrade 3.83 generally, non of them were bringing a stable profit. Not a huge, just stable. So here is a question, does someone ever saw, or tried a public profitable expert advisor ?

[gazuz]

You have a stable yet profitable expert??? GIMMEE!!!!!!

Once I get to backtest my CCI Expert I will try to do it on a demo or live account. I just think one month isn't really able to tell..

Btw, I am serious about the profitable expert, since its stable its still earning, upload and link please:
http://www.forex1000.com/ (fxfisherman folder)

[Ravique]

I wrote that non of them brings a stable profit, but if u find one, gimmee to.

[gazuz]

Originally Posted by Ravique

I wrote that non of them brings a stable profit, but if u find one, gimmee to.

Ohhh ok, i read huge twice, i thought i read "non of them bring a huge profit. Not huge, but stable".

[Ravique]

Gazuz, by the way, i have sent you the expert mentioned in an other thread to your hotmail email,, did you get it?

[gazuz]

Originally Posted by Ravique

Gazuz, by the way, i have sent you the expert mentioned in an other thread to your hotmail email,, did you get it?

nothing received, hotmail is having problems with me... try my username, plus a 2 @ gmail.com so it should be something liek xxzuz2@gmail.com (sorry not giving it out cuz of bots)

[SJR3t2]

If someone finds a profitable system, please keep me in mind.

Steven

[TraderSeven]

I have no clue how to program in MT. (I wish I had a VB6 API...)
So I have just manually checked the system by looking at 8 years of EURUSD.
1 day time frame.
Only one bad trade

1] Calculate a 10 day simple moving average. -> SMA(10)
You can use any combination of OHLC. It doesnt really matter.
For this example we use the current intraday price (close)
2] Plot SMA(10)*1.02 --> upper band (+2%)
3] Plot SMA(10)*0.98 --> lower band (-2%)
Of course you can tweak the values a bit.

4] If the price crosses above the upper band:
a] Short.
b] Set a target of 30 pips below the upper band.
Often we can earn more then 30 pips by moving the upper band up or
use a trailing stop to take profit. An endless variation is possible.
We use a very conservative 30 pips to prove the system is good or bad.

5] If the profit taget isn't reached at the close we hold the trade 'till the next day.
a] Now we wait what happens first:
- Profit target is reached. --> close trade
- Price opens/crosses above the upper band then Short.
b] Set a new profit target of 30 pips below the prices you got your positions at.
c] Wait the remainder of the day if the target is hit. No new positions.

6] Target not hit then goto 6

----------
Yep, your position can grow.
But when you test you will see: (some rough values)
40% of the trades complete in 1 day.
40% of the trades take 3-4 days
19% complete in 5 days.
1% take longer than 5 days. That are usually the loosing trades too.


Cons:
- Position can get large.
- Only trades ~12 a year.

Pro:
- System looks very well.

Note: if the position grows you profit grows 30 pips for every extra position taken.

How to improve?
We can discuss it in detail if someone cares about this system.
Only a programmed system can *prove* if this system is good or bad.
At the cost of a few trades less the profitibility can at least double.
It will even get more reliable. Less loosing trades. An most likely the losses get smaller.


Now I just hope there is some kind soul in here with speedy programming fingers

[TraderSeven]

I attached a image to clarify the system a bit.

Red line = +2%
Orange line is the 30 pip profit target.
Blue line = -2%
Green line is the 30 pip profit target.

1] Price doesn't cross teh red line. No trade.


2] The long bar crosses the blue line. Go short.
Target is not reached on that day.
The next 5 days you have to buy (average) because your target is isn't met.
The 7th day you can take your profits. 6x30=180 pips
However in theory the bar could have given you much more than 30 pips.
At least 90. 6x90=540 pips


3] The trade is entered and the next bar you can take your 30 pips profit.
Again the bar had more to offer. Around 40 pips.

4] No number on the picture. Silly me
You enter the trade with the long bar.
Target is not met during teh day. Next day gives another signal. We average the prices and can sell on the 3rd day. Profit 2x30=60 pips
Again we probebly could get more out of the bar. It's up to you how to trade.
More greedy with more risk. Or go for the sure fire trades.

4] again...
Now imagine we shift the upper line up a bit. say 30 pips.
We now enter closer to the top. Meaning a high probebility we trade at the exchaust. However the next bar won't cross teh red line anymore.
We just get 30 pips now. Is that bad compared to the previous example?
You decide.
-> less profit
-> more certain
-> 1 day less roll over costs
-> not so much funds needed

I hope this is of some use to someone.
I'll stop wasting bandwidth now

[gazuz]

hmm maybe we can try to program this in zerocode? though it might be too complex