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Andrew Peters
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Using the EA Controller to control the copying of trades depending on market conditions

The Controller cannot work directly with 3rd party EAs unless they have incorporated the signal code; nor do most 3rd party EAs have an invert/reverse entry trade function.

We can overcome these limitations with 3rd party EAs with the Controller system of trading, by using the FX Blue Trade Copier. A Copier that can be controlled by the EA Controller.

So when the EA is in uptrend, the normal entry trades will be copied.
When the EA is in downtrend, normal entry trades cease being copied while inverted or reversed entry trades will be copied.

This setup is described in Episode 3 of the video series and can be viewed here https://www.youtube.com/watch?v=4ZJtDNdtyiU

For this demonstration I have used the free EA generously supplied by donbon2 for donna forex subscribers - the SQ EURNZD EA. See thread https://donnaforex.com/index.php?topic=19943.msg372991#msg372991 Note that running this EA requires that the TEMA indicator is on the MT4 platform.

I will also set this up on my third account soon so that we will be able to see whether the performance of this EA, which has been good up to date, can be improved over time by trading the inverted copies of the trades (rather than closing down the EA) should market conditions change and cause the normal EA to go into DD.

You could replicate this setup with one or more of your own EAs to see if long term performance can be improved despite changing market conditions which normally would send the EA into DD.

Trading Performance of the different Systems
NOTE: You must use the Filter to set Start date to 14 Nov 2017. These are old accounts, reloaded to $10K, and these tests only started on 14 Nov 2017)

Controlling the Trade Manager - https://www.fxblue.com/users/20419063
Controlling the EA - https://www.fxblue.com/users/20469928
Controlling the Trade Copier - to come

You can purchase the licence for 2018 from here
https://secure.avangate.com/order/checkout.php?PRODS=4721645&QTY=1&CART=1&CARD=2
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VFX London BreakOut EURJPY

A main interest in this yearlong test of the DIY ForexSkills trading tools is to see whether the performance of EAs, any (non-marty/grid) EA that we might have in our collection, can be improved.

The VFX London Breakout EA (https://www.mql5.com/en/code/17465) that I have included in the Package is one such EA, specifically v1.3, available at Reply #97 in the mql5 thread. I have found this EA with the Yen pair sets (as per SET file provided by the developer) does pretty well. Since the developer supplies the source code I modified it to incorporate the signal code for direct communication with Controller. So now I have v1.4 which is included in the Special Package.

VFX v1.4 (as does v1.3) has a reverse function of sorts.

When a breakout occurs, it takes that trade and then sets a reverse entry pending order at the SL value of the trade that was triggered. So if price reverses after breakout and keeps moving, you can lose on the first trade but gain back that loss and more from the reverse pending order.

Or, if Murphy interferes, you could lose twice if price whipsaws. >:(

Anyway, in my trial, see EURJPY results in account links below, I have set lot sizes for this EA at 0.1 and 0.01 for the Normal version, and at 0.01 and 0.1 (ie the reverse) for the Reverse version of the EA. And that seems to work pretty well. Better with controller to TM than direct control.
The EA also has BE and TS function so there are lots of options for further optimisation. Experience to date suggests that BE and TS are best left unused. But maybe there are better combinations for lot sizing.

A more general/versatile version of the breakout EA is available at Reply #112 in the mql5 thread above, VFX Breakout 21. I have not tested that one yet.

Happy trading, and please do share results over the year if you are trading an EA with the Controller and Trade Manager. In my next video I will show the use of the Controller with the FX Blue Trade Copier to control copying (normal and inverse) depending on EA performance.


Trading Performance of the different Systems
NOTE: You must use the Filter to set Start date to 14 Nov 2017. These are old accounts, reloaded to $10K, and these tests only started on 14 Nov 2017)

Controlling the Trade Manager - https://www.fxblue.com/users/20419063
Controlling the EA - https://www.fxblue.com/users/20469928

(Please note that I have added some extra strategies to these two account recently. I will be adding more and also setting up two other accounts. The whole purpose is to find which system works best on which EAs after say 3 or 6 months of trading and then select the best performers to run on a live account.)

You can purchase the licence for 2018 from here
https://secure.avangate.com/order/checkout.php?PRODS=4721645&QTY=1&CART=1&CARD=2
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Video Instructions - Episode Two

In this second video, I demonstrate the use of the Controller in conjunction with the DIY Trade Manager Plus.
https://www.youtube.com/watch?v=KTnVd7Wnjr4

This TM mode of operation is proving more profitable than the system version in which the Controller controls the EA directly by making use of the signal code of the Autotrader and VFX London Breakout EAs.

This TM version is also useful for when you are running your own or a third party EA which does not have the signal code.

In summary, the TM in this system of trading closes an unwanted trade at say 5 or 10 pip SL; and can also modify other aspects of the unwanted trade, eg with BE, TS or different TP level if you want to try that. (Remember that the purpose of this Special Package is to enable traders to experiment for a full year to see what system works best for their EAs.)

The previous video can be viewed here https://www.youtube.com/watch?v=v7n2Ec8ZRZM

Trading Performance of the different Systems
NOTE: You must use the Filter to set Start date to 14 Nov 2017. These are old accounts, reloaded to $10K, and these tests only started on 14 Nov 2017)

Controlling the Trade Manager - https://www.fxblue.com/users/20419063
Controlling the EA - https://www.fxblue.com/users/20469928

(Please note that I have added some extra strategies to these two account recently. I will be adding more and also setting up two other accounts. The whole purpose is to find which system works best on which EAs after say 3 or 6 months of trading and then select the best performers to run on a live account.)
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Can you improve the performance of your EAs?

If you are currently running one or more EAs and wondering whether you could increase their return, then you can use the EA Controller and Trade Manager, along with the FX Blue Trade Copier, to test for that without changing anything in the way you are running the EAs now.

Just set up a second (demo) platform, and apply these tools in the way I will show you, linking it to the EAs trading on your live account, and over time you will see which platform performs better. The normal way you have been trading, or the way in which the Controller and TM moderate the action using both normal entry and reverse entry trades depending on the EA's performance/market conditions.

All for just $100 for a full year till end 2018. So plenty of time to get meaningful results.

Interested? Order now. Only $100 for a full year and at the end you get to keep one of two products for free

Order your Special Package here, but only until 24 December 2017 https://secure.avangate.com/order/checkout.php?PRODS=4721645&QTY=1&CART=1&CARD=2&DESIGN_TYPE=2

Please Note. This method does not work for marty/grid type EAs since the Controller operates on account Balance, not account Equity. As we all know marty/grid EAs always have positive balance curves UNTIL equity drops to zero and the account is wiped.
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Crunch time is approaching fast - time to act

The Special Package offer (see previous Post) providing a low-cost entry to the use of the Autotrader, Trade Manager and Controller, will close on 24 December 2017. Pls order from here
https://secure.avangate.com/order/checkout.php?PRODS=4721645&QTY=1&CART=1&CARD=2&DESIGN_TYPE=2
In the meantime I have added a further three strategies (USDCAD, GBPJPY and another EURUSD) to the demonstration accounts which have now been trading for 37 days. (SET files for these will also be provided to subscribers once we have some more data to warrant that. ) Both accounts are in profit and the use of the Controller with the TM is still proving superior as shown in attached image.

Trading Performance of the different Systems
NOTE: You must use the Filter to set Start date to 14 Nov 2017. These are old accounts, reloaded to $10K, and these tests only started on 14 Nov 2017)

Controlling the Trade Manager - https://www.fxblue.com/users/20419063
Controlling the EA - https://www.fxblue.com/users/20469928
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A Very Special Package Deal – 3 unique trading tools for only $100

Why would you want this?
• Forex trading tools can be expensive. And you need time to learn how to use them to find out whether they will work for you.
• The three tools I have developed and use, a customisable EA (the Autotrader), a Trade Manager and an EA Controller, would normally set you back over $500.
http://www.fxautotraderelite.com/ selling for$297
http://diytrademanagerplus.com/ selling for $79
http://exceptionalfx.com/ea-controller/ selling for $129
• For the first time ever, you can have them all for just $100 – for a full year!?

What are the benefits?
• The EA comes with three proven profitable SET files when run as a system using all three tools and the whole package contains extensive instructions.
• Just running the free SET files should easily pay for the one year trial. And then, if these suit your way of trading, you can buy the whole bundle for a 50% discount after that first year.
• Using these tools in a system really provides the edge and can turn losing EAs into profitable ones. And I will show you how.
• Join the community and share ideas and results on the Donna Forex Forum
https://donnaforex.com/index.php?topic=19585.msg372722;topicseen#new
• Heaps of support as you need it via email or Skype.

After 12 months, you will have five choices:
1. Select either the trade manager or controller for a lifetime licence and pay nothing more; or
2. Select both the trade manager and the controller and pay just $50 for a lifetime licence for both; or
3. Select the Autotrader only and pay just $100 for a lifetime licence; or
4. Select all three trading tools, Autotrader, Trade Manager and Controller, and pay just $150 for a lifetime licence for all three; or
5. Do nothing, but hopefully having learned something from working with these unique trading tools.

What have you got to lose? Sign up now.

Order your Special Package here, but only until 24 December 2017 https://secure.avangate.com/order/checkout.php?PRODS=4721645&QTY=1&CART=1&CARD=2&DESIGN_TYPE=2

And view the first of several videos showing you how to use these trading tools here -
https://www.youtube.com/watch?v=v7n2Ec8ZRZM
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Release your creative juices and have some fun for just $100 in 2018

I am finalising the documentation for a special package of my three forex trading tools for just $100 for use throughout 2018.
http://diytrademanagerplus.com/
http://exceptionalfx.com/ea-controller/
http://www.fxautotraderelite.com/

There are lots of things you can do with these, especially in combination. And 30 days or 60 days is not enough time to do the proper testing; hence I will do a full 12 month licence for all three trading tools for just $100 in 2018. This will include the SET files required to run the test I am reporting on most recently.

(The money will not be refundable but you will get to keep at least one of the tools with a lifetime licence. And the opportunity to keep all three at a 50% discount with the $100 counting towards the payment. I will post a special link for this in the next week or so.)

What you will get and how you might use it

Since I am going to be away for a week, I will delay the release of the Special Package until the weekend after next, 16 December. That way I can be sure to to be able to respond quickly to any questions or issues.

In the meantime, I have finished the first video which covers the setup and illustrates one of the systems you can set up.
https://www.youtube.com/watch?v=v7n2Ec8ZRZM

I will be following that up later this year or early next year with a couple more including how to use the tools with the FX Blue Trade Copier to generate reverse entry trades; and on using the Controller with the Trade Manager instead of the EA direct.
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Election mayhem

No doubt some EAs did well during yesterday's US elections and others not.
Whatever the results, it is useful to examine the charts after such events to see how the markets moved and how our EAs coped with such conditions. The insights from that can inform the coding of our future strategies.
In the image below we can see the action for 5 pairs on the H4 timeframe. Pretty remarkable retracements over a relatively short timeframe.
If our EA did well, how would it have coped if there had been no rapid retracements? Or what if the moves had occurred on a longer or a shorter timeframe? Would that have made a difference and/or can we code the EA to operate well under all three conditions?
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