Discussão StarFire_EURUSD15min(SHORT)+USDJPY15min(LONG)

Hi, All.
I've been testing this ea almost for 2 weeks up to now and fortunately gained fine FT result.
The number of trade seems to have no problems, rather the ea trades very frequently than I had expected, however the main theme now is to improve this ea to make it more profitable one or reduce some more DDs, especially reducing DDs is the urgent issue.
The finer results can be seen if you refer to other 2 systems - CloveriX_MD02_Slave_2pips or CloveriX_MD02_Slave_4pips.
These 2 systems work as a slave mode of master ea, and all trading signals are sent from master ea.
Here, the master ea points out as CloveriX_MD02, an original Cloverix ea.
So, the results of these 2 systems are both obtained from the each slave ea that are all taking new positions when the price which master ea took goes to negative direction by 2-4 pips and also SL is changing depending on the setting of each slave ea, if needed.
The numbers of trade are lesser than original ea, but with a test of a few weeks, it is estimated to work more safer and more profitable, as well.
I'm gonna and proceed to make the ea work more accurate and stable.
Regards,

Testing an asian/preasian scalper with unregulated broker demo account is completely pointless.

Thanx, SOLAR

I know the fact.
Well, I'm gonna open real account with minimum deposit soon to see if the ea really works like demos.
Regards,

Now, MaxTP has been changed from 3 to 7pips.
Hope have some better results!

I've running demo in aggressive mode with Risk of 50% of equity level.
I'm gonna test with demo for a while more, then shift to the real.
When using this ea in real mode, use 25% Risk of equity or less is recommended, if you do not intend to expose your account like gambling.

According to BT and considering recent high volatility even for pre-asian session, MaxTP has changed again to 10pips both on EURUSD and USDJPY currency pairs.

Now, the EA is renamed as 'StarFire' EA.
This is the prime Ver of the EA, need to be revised sometimes and to be optimized for better performance.
I reviewed the results of FT for this whole month and found that SL must be more tightened to protect your balance.
Regarding recent high volatility in the market, I now put SL to 15pips(5 pips tighter than before) both for EURUSD and USDJPY pairs.
For EURUSD, I believe 15pips is enough, even though by the change of the SL parameter, the price were likely touching SL more frequently than before I have changed.
I'm gonna observe the FT results from now and modify something, if needed.


Regards,

Looking back Starfire's trade last month on June, with a result of an analysis of the FT I've done, I found the cause of huge DD happened on early morning(or, late evening in NY session) in Japan of 16th June and of some consequence bad falls afterwards till some 21th of June.
The main cause was in trading hours on EURUSD currency pair.
By default, StarFire EA works between 22:00 and 02:00 (04:00 - 08:00 in Japan time) on any currency, but with a FT, some currencies that also include currencies pairs not listed here, have poor result in opening trade between 22:00 and 23:00.
The main reason to this might be 'Trend' which StarFire EA can not handle well at most cases.
Once the trend happens, the EA makes new positions one after another all at once that may result in fatal DD sometime, on the other hand when the market is quiet and calm enough, the EA works extremely fine.
To gain more accurate resolution to this cause, I also checked some other brokers that run StarFire EA with inferior situation(Wider spreads with poor execution), and also found that the result ended in similar cases.
So, according to the 1 month FT, most suitable trading time is from 00:00 and 02:00, server time of FXClearing. - Please adjust the accurate trading hours depending on your trading server and brokers.
I also know trading hours of 23:00 - 00:00 has almost no problems.
Besides, as for USDJPY pair, there are no matters found on trading hours up to now, so the default time setting is, as ever, recommended for trading.
Well, I'm gonna do this FT with trading hours of 22:00 -23:00 on EURUSD to see my insight is correct and wanna compare the differences among them.

Regards,

2 chart are prepared to compare trading.
One is a main chart for trading starting from 23:00 - 02:00 with default MM setting(50% level of equity), another is a sub system to check the difference with a main chart.
The sub system starts its trading from 22:00 only for an hour(ends at 23:00) and it has fixed lot of 0.1 lot, just for test run for the moment.
I continue with the setting above from next Monday!

Regards,

nice tests.
hope you can get better results and low DD.
regards

It was loss trade for StarFire last week.
It was just because bad Euro news have been announced continuously for the first 3 days of last week, and as a result, affected badly to Starfire, as well.
DD was too huge again since the mid of June last month, and loss protection did not work properly this time.
Along with this demo, I also run 5min Ver of the EA.
Up to now, he avoids some loss trades as 15min Ver did last week and as a whole, he has successfully gained consistent positive results from the market.
For further information, please check out the following link.

https://www.myfxbook.com/members/crescent/starfire-md01-5min/131874

Only with a short term test of 5min StarFires trades, I'm not sure that 5min Ver really works fine for the long period, or is just well optimized for the current market condition and he will finally end in very fatal bad results.

Well, for my Live account, I have 2 live accounts prepared, the condition of the trade is as same as demo tests.
Anyway, I will continue demo and live tests on with 2 types of systems that are only different in time frame to trade.

PS:The EURUSD time testing between 22:00 - 23:00 did not work at all. Due to my business trip last week, I had almost no time to check the StarFire's trade last week, and I was not aware of the fact that it completely did not work at all.
I am not clear of the precise cause, but I already fix the problem, so it will work with no problem from tomorrow.

Regards,

On the month of July was it a bad month for StarFire.
All was ended up due to the financial problems in Euro Zone.
Well, I did quick analysis last precedent month of June and May since the beginning of Forward Test of StarFire.
With a directional analysis on EURUSD pair, it is obvious that Short trade on this currency pair has been making worst record, straight down to negative profits since the beginning!
I'm still unclear that it is just either because of current market condition or of the potential technical issues on StarFire himself.
I need further forward test, anyway.
So, from now on, I will trade only Long for EURUSD pair, but besides that, I also attach Short trade on EURUSD with minimum risk to see the trading results on pips basis, not profits basis.
Well, finally I would like you again to remind you all of the current trading condition(System Parameters) on StarFire below.

[EURUSD]
Trading Hours:23:00 - 02:00
Time Frame To Use:15min
Trade Direction:Long only, but with minimum risk of Short as well
MM:50% of Equity levels - Aggresive Mode
MaxTP:10pips
SL:15pips

[USDJPY]
Trading Hours:22:00 - 02:00
Time Frame To Use:15min
Trade Direction:Long&Short
MM:50% of Equity levels - Aggresive Mode
MaxTP:10pips
SL:15pips

Again, along with this demo test, I also run 5min time frame test on EURUSD.
For further view on it, please track the following link.

https://www.myfxbook.com/members/crescent/starfire-md01-5min/140577


Regards,

For detailed trading info by each trade, visit at https://fxsys.fam.cx/FX/DealingStatement/FXCL/DEMO/01/statement.htm
Renew data around every 5min.

MaxTP for USDJPY changed to 6pips and Long deal only.
In addition, there's EURUSD short only trade with minimum risk.
Analysis can be made searching with key 'EURUSD_SHORTONLY' from Custom Analysis button on the upper-right.

Recently, EURUSD on 15min time frame can not be worked well compared to that on 5 min chart.
The EA seems to react well with shorter period of the time.
For the REAL account and another Demo account, I set 15min time frame for EURUSD pair and have made fine results up to now.
Anyway, along with 5min time frame, I also run with 15min Ver. of this test for future analysis and accumulating data.

For further info on forward results on 5min time frame, please refer to the following links.

*5min Demo
https://www.myfxbook.com/members/crescent/starfire-md02-eurusd5minusdjpy15min/140577

*5min REAL
https://www.myfxbook.com/members/crescent/starfire-md01-real/128436
https://www.myfxbook.com/members/crescent/starfire-md01-real02/133258


Regards,

[17/09/2011] Current Trading Condition

[EURUSD]
Trading Hours:00:00 - 02:00
Time Frame To Use:15min
Trade Direction:Long&Short
MM:50% of Equity levels - Aggresive Mode
MaxTP:10pips
SL:15pips

[USDJPY]
Trading Hours:22:00 - 02:00
Time Frame To Use:15min
Trade Direction:Long Only with minimal risk of Short, as well
MM:50% of Equity levels - Aggresive Mode
MaxTP:6pips
SL:15pips

Morning Scal comes to recovering these days at last, since majority of traders had abandoned its predominance of calm market stats where most traders can make profitable trades at most cases without risking their balance they deposited at broker's segregated account in some various places.
The market is still in unstable stats as ever, and no one knows when the morning Scal becomes unstable again, however we are going to struggle to improve the current situation and gain ｔhe sustainable profitable trades.

Where can I find this EA? thanks

   crescent posted:
   Hi, All.
I've been testing this ea almost for 2 weeks up to now and fortunately gained fine FT result.
The number of trade seems to have no problems, rather the ea trades very frequently than I had expected, however the main theme now is to improve this ea to make it more profitable one or reduce some more DDs, especially reducing DDs is the urgent issue.
The finer results can be seen if you refer to other 2 systems - CloveriX_MD02_Slave_2pips or CloveriX_MD02_Slave_4pips.
These 2 systems work as a slave mode of master ea, and all trading signals are sent from master ea.
Here, the master ea points out as CloveriX_MD02, an original Cloverix ea.
So, the results of these 2 systems are both obtained from the each slave ea that are all taking new positions when the price which master ea took goes to negative direction by 2-4 pips and also SL is changing depending on the setting of each slave ea, if needed.
The numbers of trade are lesser than original ea, but with a test of a few weeks, it is estimated to work more safer and more profitable, as well.
I'm gonna and proceed to make the ea work more accurate and stable.
Regards,

   rootkit posted:
   Where can I find this EA? thanks

You can find it in my brain 😁