351 2024-04-24 20:56:37 (edited by timpa 2024-04-27 10:51:53)
Re: Expert Advisor Studio - Wish list
Hi Popov,
I wish the EA Studio will be able to close a position if one of the entry signal is reversed, and I also wish for brute force optimizer.
Best regards.
Re: Expert Advisor Studio - Wish list
> I wish the EA Studio would be able to close a position if one of the entry signals is reversed
Good idea! It would be like "Opposite signal - Close" in FSB Pro.
Re: Expert Advisor Studio - Wish list
> I wish the EA Studio would be able to close a position if one of the entry signals is reversed
Good idea! It would be like "Opposite signal - Close" in FSB Pro.
Sorry, I mean closing the position if one of the entry indicators is reversed, not all of the entry indicators.
For example, if entry logic consists of MACD and Alligator, the strategy will close the position if Alligator is reversed.
355 2024-04-27 10:56:00 (edited by timpa 2024-04-27 10:59:01)
Re: Expert Advisor Studio - Wish list
Hi Popov!
I saw that u read Yonkuros post, and answered
Did u also read the post before that, Timpas post ?? :-)
Post 351
EA Studio Portfolio TP, for eg 100 pips
A good suggestion?
yes?
no?
Brgds
Re: Expert Advisor Studio - Wish list
Create exit indicator that will close all open market orders based upon first in / first out rule. Also add day of week, daily, hour in which the indicator is triggered to close all trades.
Re: Expert Advisor Studio - Wish list
1. I wish a more automated workflow to test the algos on more then 1 data feed. test all the possible data feeds and the show only those with same results + - to avoid curve fitting.
2. an automated historical data downloader and uploader for external brokers to revalidate with one klick in the EA Studios app.
3. System Path for set up the EA to save for a specific folder in my PC System
;D
Re: Expert Advisor Studio - Wish list
I wish for the ability to export a multi currency, multi timeframe portfolio.
Currenty I'm trading a 28 currency portfolio, which means I have to export, and attach 28 charts and EAs. It would be such a time saver to have just the 1 EA.
Re: Expert Advisor Studio - Wish list
Dear Popov,
the EA panel on MT5 hides some piece of the chart which is not good in cases where I want to see SELL/BUY info for the oper trades, and I want to manually adjust SL_TP according to it, I find highly disturbing in these cases.
Even while deactivating everything (News, Position Stats, Trading Stats) it still take a lot of space.
So, it would be great an option to HIDE EA BLACk PANEL from CHART or make it MOVABLE where we want (for example in the bottom left corner).
Thanks!
361 2024-10-19 04:43:08 (edited by geektrader 2024-10-19 04:43:25)
Re: Expert Advisor Studio - Wish list
Hey Miroslav,
I hope you're doing well!
I wanted to suggest adding "Stop Loss" as a performance metric, similar to Return/Drawdown or R-Squared.
Reason: When sorting strategies by the currently existing metrics, it's impossible see the stop loss of each strategy. This can be crucial because you might have two strategies where one shows just a slightly better R-Squared (as an example) but also has a significantly higher stop loss.
If "Stop Loss" was a visible metric, it’d be much easier to compare strategies at a glance. Currently, we have to open each strategy individually to check this, which can be a bit time-consuming.
Personally, I'd prefer a strategy with a lower stop loss even if some of its other metrics aren't as strong as another with a much higher stop loss.
Thanks for considering this,
Geek
362 2024-10-19 05:39:17 (edited by geektrader 2024-10-19 05:39:33)
Re: Expert Advisor Studio - Wish list
Hey Miroslav,
While I am at it, I wanted to also chat about possibly adding the "Sortino Ratio" as a performance metric in Expert Advisor Studio and Express Generator.
Here's why:
While the Sharpe ratio is awesome, it has a downside—it punishes upside volatility, which, let's be honest, is actually a good thing for traders! We love seeing our assets go up, right? The Sortino Ratio, on the other hand, focuses only on downside risk, giving us a clearer picture of potential losses without penalizing those nice upward swings.
In many cases, the Sortino Ratio ends up being about 1.60 times higher than the Sharpe ratio, offering a more accurate view of returns per unit of risk. Adding this as a metric would help us analyze strategies more effectively by assessing real risk rather than just overall volatility.
Here is also a article how to implement it in MQL5, maybe it can easily be ported to Javascript for EAS / EG: https://www.mql5.com/en/articles/9171
Thanks,
Geek
Re: Expert Advisor Studio - Wish list
Mr. Popov, can you include the expected payoff in the acceptance criteria?
Re: Expert Advisor Studio - Wish list
Hello, with acceptance of mr Popov I would like to suggest two small but useful features:
1. When we define tp and sl values Strategy properties, on Take profit dropdown list we have "Always use/May use/Do not use". Would be awesome to have also on this list "Use same value as Stop Loss" that will gray out fields to input min/max in pips for tp and use same value as generator currently draw from defined range for that. This way we still define min and max pips only for stop loss to hunt for ideal one and tp value will be always tied to be 1:1 same exact, fixed draw value. Many users (including me) are fans of using 1:1 risk to reward ratio but currently that is only possible to do entering same min and max value for both tp and sl as fixed number - problem is we do not know if that value is really ideal. This way we could still enter range to look for best value for SL from min to max and if single strategy will be generated with for example 43 pips SL from 10-100 range, same 43 pips will be used as tp. This way we have flexibility of searching for ideal value while keeping it same for tp and sl, saving a lot of time and computing power instead of roaming after many combinations of different sl and tp that are anyway not in interest of 1:1 ratio users.
2. In statistic raport sheet where we can see awesome details on strategy there could be additional metric "Trades per month". It could also be usable as filter where possible, like performance filter or in acceptance criteria. Thing is that metric can give us relativity to compare strategies like apples to apples no matter how long data range for build we used. Sometimes we build on 5 years back and got specific number of trades made, other time we create strategy just on few months of data to quickly check concept and it produce other numer of trades. Then having "trades per month" metric could allow us to always compare it quicker in terms of which strategy trades more often. So just general number of trades divided by months will output that which can be very handy to use, especially as filter in my case.
Re: Expert Advisor Studio - Wish list
Good evening Miroslav,
hope you're doing well.
A very useful input to add to Expert Advisor is the "Minimum Number of Bars for the trade to remain open", no matter what.
Given that your strategy are all in Open Price Mode only, in this way I find that having this option will keep backtest results much similar to "1 minute OHLC" or to "Every Tick based in real ticks" result when the SL and TP are very very strict: in fact, in this particular case, the trade will be closed always at the second bar (mostly if the timeframe is high of course), and the further optimization of your EA also on MT5 is much more reliable and closed to reality.
Also in live trading, the EA will completely act in open price mode, at least for all the bars you have set in the "Minimum Number of Bars for the trade to remain open" input.
Many thanks!
Re: Expert Advisor Studio - Wish list
Good evening Miroslav,
hope you're doing well.A very useful input to add to Expert Advisor is the "Minimum Number of Bars for the trade to remain open", no matter what.
Given that your strategy are all in Open Price Mode only, in this way I find that having this option will keep backtest results much similar to "1 minute OHLC" or to "Every Tick based in real ticks" result when the SL and TP are very very strict: in fact, in this particular case, the trade will be closed always at the second bar (mostly if the timeframe is high of course), and the further optimization of your EA also on MT5 is much more reliable and closed to reality.
Also in live trading, the EA will completely act in open price mode, at least for all the bars you have set in the "Minimum Number of Bars for the trade to remain open" input.
Many thanks!
This is already possible the reason why you want to add this
In other words, everything you described already happens
It is not necessary to add this for these purposes because the ea already behaves like this
Perhaps for another reason it is interesting
Re: Expert Advisor Studio - Wish list
This is already possible the reason why you want to add this
In other words, everything you described already happens
It is not necessary to add this for these purposes because the ea already behaves like this
Perhaps for another reason it is interesting
Good evening,
thanks for your feedback, but I'got different results many times when backtesting in Open Price Only, vs Tick Mode or Real Tick.
As said, "when the SL and TP are very very strict" in Real Ticks or in LIve Trading, the EA does not wait for the next candle to close the position, if the SL or TP is reached!
If SL or TP is reached before the next candle opening, the trade is closed. I want to avoid this, so that I can know that Open Price backtesting is accurate 100%, no matter what.
Open Price only is the fastest way to backtest, but currently on MT5, results are not always the same while changing backtesting mode.
I just found the "EXIT TIME" on EaStudio for closing condition following this need, but I don't find it suitable for this.
Which setting/condition are you referring to when you say that my request is already possible? I haven't found it.
Thanks
Re: Expert Advisor Studio - Wish list
A thousand pardons indeed you are totally right now I see the scenario that I had not understood before maybe this discrepancy would decrease because I always trade in h1 and h2 and the reports I do in ohlc of one minute so really the discrepancy is minimal for my use.. Now in your case your logic is right