FX Cure EA (TEA Free)

Hey Drew,

1) I figured out later that on the first levels, TP is 60 pips away from the latest order and later on, while shifting up on the levels (in a hard trending scenario), the TP would be 130 pips away or so from the latest order.
For any reason (better spread with that broker ?), my TEA has only a 3 sell orders basket opened on USDCAD for now which is odd considering the hard trending lately. That's why I wasn't able to compare properly.
So that's OK for that point.

2) The setting of my working demo is Multiplier 3 iRisk 1. The first order opened is with lot size 0.06.
Does that answer your question ? Are you able to compare with your situation ?

3) I have opened another demo with IBFX AU (FXCure that works is on IamFX) with 28 pairs (everything that was available and no-exotic) and same mult/iRisk settings to check as I've never been able to have it working on another broker. It was before 0.94 though ...

4) My ultimate worry to you system/logic is :

     A) the hard and long term sustained trend as we see now with CAD. we have to retrace 140pips to close the current basket which is a lot. We should think about a liquidation parameter as a security if we see the current situation pushing our demos to failure ? (to be discussed only if that occurs)
     B) FED and CEB statement/testifying that had been account blowing episodes to my TEA demos

In my opinion, If FXCure passes these 2 latest obstacles and considering the excellent results I got, YOU'LL HAVE A WINNER !
The rest is just minor fixes.

Take care my man !

David

Okay, crane, TradyDave's is here:

https://www.myfxbook.com/members/Tradydave/fxcure-that-works/814207

I'm sure he won't mind - it' doing quite well.

Personally, I have been having some difficulty with the memory storage for the trades getting corrupted.
So, I am not closing my MT4 in the current attempt.

When more than 1 trade becomes closed, I'll post it's link here.

Honestly, I have not had a trade closed out by -600pips, but that feature is still built into Forex Cure.

Also, a bug was noticed in TEA, where there are Sell orders, seems to go 1X,1X,1X,3X,6X,6X,9X
(notice the 2 6X's) - which may cause the T/P to be too far away. But I don't care.

Any othere questions,. please ask.

------------------------------
Aside, and for TradyDave. I believe we just need to ride out the slaughter of the $CAD. It's not
sustainable, as Canadian dollar is a commodity dollar, and eventually that value is realized.
Good thing we are only trading 6X and larger as the 3X CADJPY just went -600pips.
--------------------------------

Later folks....
-Drew
==========================================

Hi

Drew : I really expect that system to be sustained-trend proof, cause that is to me THE problem of TEA.
Though, you guys seem to do good with TEA.
I'm interested to know what are you guys achieving ? (Up time of your accounts, overall profit, what pair and what risk, how many account blow up and if you have tricks to protect yourself from it)

Good news. My new FXcure 28 pairs demo on IBFX has opened its first 3 orders on 6x (0.06) for 3 pairs.
I guess there is no broker related problem anymore. (Or there never was any but in my mind ;-)

Crane : of course I don't mind you watching my FXcure demo on myfxbook as I ve published the link on that forum to be public.
Though, I don t understand what is that you re asking exactly on your latest post ? Can you be more specific ?

Y'all have a great week-end.
Cheers,

Dave

Hi Crane, Drew,

1) Here is the link to myfxbook IBFX 28 pairs FxCure Demo :
https://www.myfxbook.com/members/Tradydave/fxcure-28/819176

2) I'm interested in the 2nd point : less pull back to close big baskets that have reached 21x + levels. Cause that latest 130pips to close basket is the nerve of account blowing mechanism in TEA.

Cheers,

David

Done.
I'm a newbie to myfxbook ;-)

Also Crane, I'm interested to know what do you achieve to do with TEA ?
(Up time of your accounts, overall profit, what pair and what risk, how many account blow up and if you have tricks to protect yourself from it)

Thanks,

David

Hi Craneliu,

1) Thanks for your explanation. That is useful. You totally summed up TEA and its mechanism with trending periods etc ...

I also totally agree when you said there was no good method to minimize the effect of a strong trend or ... Perhaps Drew's method.

I really hope this to be the trick.

2) Your point about seeing the TP at a 60pips distance or so , for level 6+, in some TEA version, IS VERY important to me regarding the trend preventing mechanism.

I'd like to have Drew's opinion on this :
- Can it be an additional security to strong trend ?
- Is there any pitfall in doing this ?
- Would it also reduce the profit in a normal/ranging market condition ?

NOW I'm watching CADJPY pushing the limit very closely to check out how FXCure is doing with such a situation ...

I'm sure mathematics teacher skill can sort that out 😁 !

Take care y'all,

David

Hi All,

For now, the DD on the Demo Account (FXCure_That_Works) is getting absorbed.

Large basket (x21) are almost closed. CADJPY could be closed in about 30 more pips retracement ... OR it can go back to trending short again and we can miss the shot.

DREW : as you know, I'm really willing and commited to see FxCure works as it's supposed to as I totally believe in the concept.

So far, that results I'm seeing are very good and I'd love to see it keeping up like that !

There is ONE point that came to my attention for which I'd like to have your opinion and more information on.
That is to be sure there is no problem with the EA and that it's doing what it's expected to do :

- Take profit position vs order open position

Please browse all orders and basket in FXCure_That_Works and focus on Pips Number won in total for a basket.

1) Does everything seems normal to you ?
2) Is it normal that Pips Number won vary a lot from one basket to another and from one pair to another ?
3) This morning that single trade basket closed :
02.03.2014 23:00 02.07.2014 07:45 GBPJPY Buy 0.06 - 167.14 164.91000 167.14200 223.2 130.42 PIPS WON : 223.2
I thought we could only find 60PIPS and 130PIPS in the TEA logics.
What do you think ? Is the EA misplacing the TP's again ?

Sorry DREW, that's a lot of question but I really think that's worth the shot.

Cheers,

Dave

Hi Dave. I will ask the programmer about these things.

I had pretty much the same result, 225 pips. So I think the EA is following
it's logic as programmed. Did you see the rebound 6X on the same pair a
few hours later did a Sell 6X with 63 pips?

Remember, we are not seeing the 1X,1X, 1X and 3X part of the basket
since it stays internal in the data store.

But I will say, my actual TEA if have running closed that Sell basket with 56.2 pips on 6X.
But it did not have any Buy basket for this pair closing.

Anyway, let me ask...

-Drew
===================================================

Hi Crane and Drew,

Thanks both for your answers.
Have you seen all the baskets closed today and the 10% progression within the day ?

1) Ok Drew, I ll be waiting for more news after you talk to the programmer. Anyway, as a math teacher with market experience, do you think TEA's logics regarding TP distance is optimal ? Or do you think you can optimize it further ?
2) by the way where is he at, regarding the 'global variable' dilemma ? And the fact that reboot seems to be forbidden ?
3) how are your new demos doing ? Can you share your results ?

Y'all have a great WE, Cheers,

David

Hey David, all my Demos are here: https://www.myfxbook.com/members/ForexCuredotcom

There's some (OLD) successes using Tom's EA and some current ones starting with 'TEA'
-done mainly for comparison with Forex Cure v1.94.

Then there's https://www.myfxbook.com/members/ForexCuredotcom/forex-cure-v194/826185
-which is my only current demo using Forex Cure 1.94 iRisk=3=multiplier, on $50K.
-quite successful, so far...

The other 2 demos are based on the EA from this fellow: https://oshaban.blogspot.ca/
(a really interesting scalper/martingale) he's NOT the programmer of Forex Cure, though...

I'm going to also consult the FX Cure programmer about a new external variable to let us
change the TP distance. (I don't know how to optimize that variable, or if it can be, so may
as well make it adjustable)

Have a great weekend....

-Drew
==========================================================

1. Yes, 'TEA' always means Tom's EA. 'FXCure'
 or 'Forex Cure' is the name I am calling the EA.
The programmer's first name is Andri

2. I don't understand what you are asking, please clarify, Crane.

3. I cannot confirm if this is true, or did my MT4 go MENTAL because
I had a 'dirty' installation of my previous MT4 terminals? I just had this
recommendation by TradyDave when I asked about his excellent results.
(which is to use a fresh, new download and installation of your broker's
MT4 software) My results are really good for 2-3 weeks. BUT, for the
sake of this Community Topic, I'll sacrifice my good results...

I just closed my MT4 terminal and re-opened it and see that, before, it
had some values in the Global Variables, but now they are all zero!

You can check the current results here:
https://www.myfxbook.com/members/ForexCuredotcom/forex-cure-v194/826185

Let's see what happens next week. Right now there are 9 open orders on 7 pairs.
I modified the EA to allow trades on these pairs ONLY in the same direction as the
ones open now. I want to see if it fills in the values as needed when the market opens.


Cheers,,,

-Drew
=====================================================

I need a simple EA to apply in my own trading strategy based on these criteria

David, (and ForexJack, where ever you are??)

I sent a long detailed note to Andri (the original FX Cure EA programmer)
and included David's specific details for correcting the Global Variable
method of storing filtered-out orders.

I don't know why I did not figure this out before: When the EA has multiplier
set to 0 (zero) there are NO Global Variable data stored and so MT4 terminal
running FX Cure may be freely opened and closed at will, because the code
gets ALL data from the Open orders.

But, when the multiplier is higher order (1,3,6,9, etc.) you LOSE that valuable
Global Variable data upon closing! And, if you had Open orders, well, good luck
and you can expect MENTAL results now as new data co-mingles (like that word?)
with old data.

If NO orders were open upon MT4 restart, then you've only merely lost a day
(or several days) of data collection before new trades appear.

I'll address the T/P level concerns after this main issue.

-Drew
=================================================

Hey Guys,

CRANE : Drew has answered most of your question.
Though, as for your point 2) : From what I understand, TEA's logic is fully integrated.
When we wonder to ourselves if the TP distance is the same than in TEA, this is indeed to verify that the programmer hasn't make any integration mistake.
BUT, you're mistaking on TEA mechanism, as I could see 1.95 source code : Only trade entry is based on MACD indicator.
Then it's a fixed pips distance for TP with a pair-based multiplier. I'm 100% positive as I've seen it for myself in source code.
Therefore, my wonder was : can we improve that TP distance to make it more 'account blowing'-proof ?

To me, DREW's idea of 'new external variable to let us change the TP distance' is just brilliant.
We may found out that TP distance is just the best like it is now, but at least, we'll be able to do some testing.

DREW :
1) Thank you for your demo's link. It's all GREEN in there, huh ? 😁
2) I totally agree that MT4 restart issue is the main concern to address for now.
Do not hesitate to require any help from me should you need it. The programmer might have a hard time finding a way to avoid using global variable for reasons only him knows. I hope, if that is the case, he will accept other's idea as long as they know what they are talking about.
T/P distance is secondary, and might not be an issue after all but only optimization.

As per your statement : 'If NO orders were open upon MT4 restart, then you've only merely lost a day
(or several days) of data collection before new trades appear.'
I think that's a loss we need to accept.

Anyway, regarding the results we get (with non-restarted MT4) and the DD/strong trend resistance we have with that software, we already are on something just great.

Once the restart problem fixed and if release of MT4 600 doesn't shake things up too much, we should be good !

Cheers,

David

Hey TD, thanks for your kind and positive words.

Here's the latest News:

I already have response from Andri to rewrite the program and add a file
to read from, after restart, and write to, during data collection. He says
this will slow data flow and a faster storage flow on your VPS or PC is
recommended now. (I'm thinking SSD, why not?)

Your method for writing to the Comment field won't work because the
data collected are for Virtual orders, so there are no Comments.

He also said there was an incorrect implementation of ForexJack's patch of
the T/P constantly changing - (November/13 I think) He didn't account for
the two sides of the program having Virtual trading and Real trading. I'm
not sure that affected our results though. But that'll be taken care of too.

I'm going to see about getting that external variiable added for T/P too.

Since I am having to pay for this re-write, I'm going to ask everyone to
pay another $15 - which, with only 6 or 7 of you, will help a little....

I will probably ready in 2 weeks or so.

'Til then, take it easy and stay warm (-35C this morning in Edmonton! brr..!)

-Drew
===============================================

Hi Drew,

Your method for writing to the Comment field won't work because the
data collected are for Virtual orders, so there are no Comments.

Right but how about :
- the virtual order is just useful until we have a real order
- why don t we just use the storage for virtual orders as long as we do have a real order in regular array variable (or global if Necessary)
- then we throw the storage and the program relies on comments from real orders for establishing level structure as soon as we get a real order
- in case of MT4 restart or EA re-attachment which will cause re- initialization, we just loose the necessary time to reach first real order for a pair without real order yet.
- that way, no Data flow slow down hassle etc ... And no data collection complication.

I'm quite sure a regular multidimensional Array[] keeps it's data unchanged after each new tick as long as we don t intentionally change a data or re initialize it.

Let me know what you think and what Andri think.

Ok for another $15 . Send me paypal request please.

Cheers,

David

Hi Drew,

Do you want the $15 sent to Andrew Strilaeff [email protected]? I have been running the current version in a MT4 hosted account with Red Paladin Nexus and it is working well.

Thanks again,

Greg

Hi Greg and Dave.

Regarding payment for the new EA, I don't want to take
any money before I actually have something to distribute.

But, of course, you all will be the first to know when it's ready.

-D
======================================

Hi Crane,

I have no idea, but I suppose it's the same mechanism.

Though, from 1 TEA to another and depending on a lot of factors (broker, date of beginning etc ...), results can be different.

Cheers,

David