Launching Bunjip EA - Wish me luck!

[BentRod]

Norm,
Won't the bucket shops turn the tap off once you put some real money into it??

Would it be hard to run it through an API at another broker??

 

[Stormin_Norman]

Norm,
Won't the bucket shops turn the tap off once you put some real money into it??

Would it be hard to run it through an API at another broker??

its the only system of its type in the world. ie - its not popular with many many traders using it so it shouldnt suffer from that problem until the amounts get quite large.

at that point, reduction in transaction costs also need to be considered. that's when we will look at recoding it for another system.

the ninjatrader script is apparently another C derivative so any broker that attaches to that would be acceptable.

my programming partner is proficient in C, java and the direct windows language which escapes me - so changing platform and rejigging the code should not be too difficult.

we chose mt4 because of the 'predone' indicators and EAs already in existence within the MT4-EA community, which has been a great help. taking the logic and coding it into another language should just be a matter of translation - similar to translating a book.

 

[BentRod]

it shouldnt suffer from that problem until the amounts get quite large.

Yeah thats what I was referring to.

At what point will they cut you off?

I can't see GO putting up with it, if you had a large account.

Could be wrong though

Anyway, as you mention.....easy enough to code it up for other brokers anyway.

 

[Stormin_Norman]

Yeah thats what I was referring to.

At what point will they cut you off?

I can't see GO putting up with it, if you had a large account.

Could be wrong though

Anyway, as you mention.....easy enough to code it up for other brokers anyway.

why would go be upset? i thought theyd love all the trades, and all the spreads they can make off it.

ill ring them tomorrow and ask them.

 

[Stormin_Norman]

end of the week.

+about $1500

copped a smackdown on the pound late in the week, but finished an agonising 3 pips from clearing out.

stats for the week's trades:

total trades: 748

% trades won: 70.59

 

[fapturbo]

end of the week.

+about $1500

copped a smackdown on the pound late in the week, but finished an agonising 3 pips from clearing out.

stats for the week's trades:

total trades: 748

% trades won: 70.59

Pretty amazing how it can recover from such large drawdowns.

 

[Stormin_Norman]

it gets it right 70% of the time, so eventually it has to get it correct.

as long as it wins the race with account balance = 0

 

[fapturbo]

How does it test on a backtest over the period 22.7.08 to the 13.8.08

 

[Stormin_Norman]

How does it test on a backtest over the period 22.7.08 to the 13.8.08

fine back to 2002.

it ran forward demo through that period as it was refined.

 

[electronicmaster]

end of the week.

+about $1500

copped a smackdown on the pound late in the week, but finished an agonising 3 pips from clearing out.

stats for the week's trades:

total trades: 748

% trades won: 70.59

You think that is bad draw down. you should see mine. I'm still in the game and only need a 60 pip drop to start making money again. Hopefully on Monday or Tuesday it will gap down (fingers crossed). Otherwise I could be stuck with draw down for at lest a week.

 

[Punisher]

Looking good Stormin.:shoot:
Any idea when you are going to make Bunjip available for other people to try?
I would be interested in giving it a go to see if it would work with us mere mortals as well. :badsmile:

 

[Stormin_Norman]

ive had a company in hong kong interested in using it to trade on their excess capital, so am in negotiations with them and the accountants to figure out the best structure for the enterprise.

i get a 60% stake in the end company, and will be developing more EAs to trade on the money as time goes past. there are quite a few in various stages of development; its just a matter of putting finishing touches on them.

i suppose i could always sell 1000 copies of it at $1000 each and become a millionaire; but i think it could be worth a lot more to me long term using it for my own devices.

friends and family have been invited to invest in a company i have set up which will trade it also. just a few people by invitation putting in a couple of grand, which given the current state of the markets cant lose them much more then they have already, and will further lose.

 

[fapturbo]

Is it a waste of time back testing using open prices only?

Or should you alway run back test using every tick available setting?

 

[Stormin_Norman]

Is it a waste of time back testing using open prices only?

Or should you alway run back test using every tick available setting?

always run with the most complete data you have.

 

[fapturbo]

always run with the most complete data you have.

The only reason I ask is because I believe every broker has different tick data.

So one test will be very different to another test when run on different brokers.

Makes testing a little unreliable.

 

[Stormin_Norman]

The only reason I ask is because I believe every broker has different tick data.

So one test will be very different to another test when run on different brokers.

Makes testing a little unreliable.

i dont buy that. a system either works or it doesnt. if small details such as a pip difference in tick data kills your EA it tells you something.

 

[pilbara]

The only reason I ask is because I believe every broker has different tick data.

So one test will be very different to another test when run on different brokers.

Makes testing a little unreliable.

I think exact tick data is useful when you want to reproduce the exact conditions that caused an EA to make a trade, so you can work out if there is something wrong with the coding of the EA. I think it is useful when trying out a new version of an EA, to see if it still produces the same results when you've made coding changes.

But the system overall should be robust and produce statistically similar results (similar expectancy) on brokers with similar pricing policies. It's a competitive market out there for the bucketshops, so they have to compete on price (via lower spreads, deeper market etc) to attract market share.

Also you can use monte carlo techniques to introduce noise to the tick data and see what happens to your system.

 

[doctorj]

Martingale systems are interesting - can I ask how many consecutive losing trades your system can handle before it busts?

 

[Stormin_Norman]

Martingale systems are interesting - can I ask how many consecutive losing trades your system can handle before it busts?

i had a draw down of about AUD$1600 on the yen today after 20 trades before a sufficient pullback.

 

[fapturbo]

i had a draw down of about AUD$1600 on the yen today after 20 trades before a sufficient pullback.

Seems quite large.

What time frame does bunyip trade?